Loading...

Interroll Holding

SWX:INRN
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INRN
SWX
CHF2B
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

Interroll Holding AG provides products and services for internal logistics worldwide. The last earnings update was 123 days ago. More info.


Add to Portfolio Compare Print
INRN Share Price and Events
7 Day Returns
2.7%
SWX:INRN
0.9%
CH Machinery
1.1%
CH Market
1 Year Returns
15.5%
SWX:INRN
-14.6%
CH Machinery
4.4%
CH Market
INRN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Interroll Holding (INRN) 2.7% -17.4% -8.1% 15.5% 110.2% 261.9%
CH Machinery 0.9% -3% -7.3% -14.6% 17.4% 22.2%
CH Market 1.1% -0.5% 2.5% 4.4% 14.9% 14%
1 Year Return vs Industry and Market
  • INRN outperformed the Machinery industry which returned -14.6% over the past year.
  • INRN outperformed the Market in Switzerland which returned 4.4% over the past year.
Price Volatility
INRN
Industry
5yr Volatility vs Market

Value

 Is Interroll Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Interroll Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Interroll Holding.

SWX:INRN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:INRN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 18%) (0%))
1.056
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.056 * 5.96%)
9.57%

Discounted Cash Flow Calculation for SWX:INRN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Interroll Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SWX:INRN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 9.57%)
2020 30.13 Analyst x3 27.50
2021 63.90 Analyst x3 53.23
2022 76.06 Est @ 19.03% 57.83
2023 86.94 Est @ 14.3% 60.33
2024 96.50 Est @ 10.99% 61.11
2025 104.87 Est @ 8.68% 60.62
2026 112.27 Est @ 7.06% 59.23
2027 118.92 Est @ 5.92% 57.26
2028 125.02 Est @ 5.13% 54.94
2029 130.74 Est @ 4.57% 52.44
Present value of next 10 years cash flows CHF544.49
SWX:INRN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF130.74 × (1 + 3.28%) ÷ (9.57% – 3.28%)
CHF2,146.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF2,146.24 ÷ (1 + 9.57%)10
CHF860.83
SWX:INRN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF544.49 + CHF860.83
CHF1,405.32
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF1,405.32 / 0.84
CHF1668.72
SWX:INRN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF1,668.72
Current discount Discount to share price of CHF2,045.00
= -1 x (CHF2,045.00 - CHF1,668.72) / CHF1,668.72
-22.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Interroll Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Interroll Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Interroll Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:INRN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF61.32
SWX:INRN Share Price ** SWX (2019-07-22) in CHF CHF2045
Switzerland Machinery Industry PE Ratio Median Figure of 24 Publicly-Listed Machinery Companies 17.72x
Switzerland Market PE Ratio Median Figure of 174 Publicly-Listed Companies 18.3x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Interroll Holding.

SWX:INRN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:INRN Share Price ÷ EPS (both in CHF)

= 2045 ÷ 61.32

33.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interroll Holding is overvalued based on earnings compared to the CH Machinery industry average.
  • Interroll Holding is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Interroll Holding's expected growth come at a high price?
Raw Data
SWX:INRN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
10%per year
Switzerland Machinery Industry PEG Ratio Median Figure of 22 Publicly-Listed Machinery Companies 2.07x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.15x

*Line of best fit is calculated by linear regression .

SWX:INRN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.35x ÷ 10%

3.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interroll Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Interroll Holding's assets?
Raw Data
SWX:INRN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF338.23
SWX:INRN Share Price * SWX (2019-07-22) in CHF CHF2045
Switzerland Machinery Industry PB Ratio Median Figure of 25 Publicly-Listed Machinery Companies 2.09x
Switzerland Market PB Ratio Median Figure of 215 Publicly-Listed Companies 1.64x
SWX:INRN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:INRN Share Price ÷ Book Value per Share (both in CHF)

= 2045 ÷ 338.23

6.05x

* Primary Listing of Interroll Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interroll Holding is overvalued based on assets compared to the CH Machinery industry average.
X
Value checks
We assess Interroll Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Interroll Holding has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Interroll Holding expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Interroll Holding expected to grow at an attractive rate?
  • Interroll Holding's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Interroll Holding's earnings growth is positive but not above the Switzerland market average.
  • Interroll Holding's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:INRN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:INRN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 10%
SWX:INRN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 10%
Switzerland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10%
Switzerland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:INRN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:INRN Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 995 1
2022-12-31 895 1
2021-12-31 758 96 70 6
2020-12-31 697 87 65 6
2019-12-31 635 73 59 6
SWX:INRN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 560 67 52
2018-09-30 524 64 47
2018-06-30 488 60 42
2018-03-31 469 53 41
2017-12-31 451 46 39
2017-09-30 434 43 37
2017-06-30 418 40 36
2017-03-31 410 39 36
2016-12-31 401 37 36
2016-09-30 389 40 34
2016-06-30 377 43 32
2016-03-31 369 42 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Interroll Holding's earnings are expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
  • Interroll Holding's revenue is expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:INRN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Interroll Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:INRN Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 83.35 94.30 70.66 4.00
2020-12-31 76.29 83.10 70.06 4.00
2019-12-31 69.73 72.60 66.68 4.00
SWX:INRN Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 61.32
2018-09-30 55.59
2018-06-30 49.90
2018-03-31 47.92
2017-12-31 45.95
2017-09-30 43.96
2017-06-30 41.97
2017-03-31 42.27
2016-12-31 42.57
2016-09-30 40.29
2016-06-30 38.00
2016-03-31 36.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Interroll Holding is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Interroll Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Interroll Holding has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Interroll Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Interroll Holding's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Interroll Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • Interroll Holding's 1-year earnings growth exceeds its 5-year average (32.6% vs 20%)
  • Interroll Holding's earnings growth has exceeded the CH Machinery industry average in the past year (32.6% vs 18.9%).
Earnings and Revenue History
Interroll Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Interroll Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:INRN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 559.85 51.80 150.49
2018-09-30 524.00 47.07 145.52
2018-06-30 488.14 42.34 140.56
2018-03-31 469.41 40.70 137.59
2017-12-31 450.68 39.05 134.63
2017-09-30 434.15 37.39 130.36
2017-06-30 417.61 35.73 126.10
2017-03-31 409.54 35.97 122.38
2016-12-31 401.46 36.22 118.66
2016-09-30 388.99 34.25 116.50
2016-06-30 376.52 32.29 114.35
2016-03-31 368.63 30.80 111.62
2015-12-31 360.74 29.30 108.89
2015-09-30 355.16 27.06 108.91
2015-06-30 349.58 24.82 108.93
2015-03-31 342.44 21.94 108.56
2014-12-31 335.31 19.07 108.18
2014-09-30 329.79 18.05 106.05
2014-06-30 324.26 17.03 103.92
2014-03-31 320.30 18.79 101.41
2013-12-31 316.33 20.54 98.90
2013-09-30 312.59 20.49 96.45
2013-06-30 308.85 20.43 94.01
2013-03-31 308.00 19.90 93.72
2012-12-31 307.16 19.37 93.43
2012-09-30 294.66 18.61 92.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Interroll Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Interroll Holding used its assets more efficiently than the CH Machinery industry average last year based on Return on Assets.
  • Interroll Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Interroll Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Interroll Holding has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Interroll Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Interroll Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Interroll Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Interroll Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Interroll Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 18567.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Interroll Holding Company Filings, last reported 6 months ago.

SWX:INRN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 284.84 0.00 51.97
2018-09-30 284.84 0.00 51.97
2018-06-30 260.15 17.02 50.95
2018-03-31 260.15 17.02 50.95
2017-12-31 261.68 0.19 37.31
2017-09-30 261.68 0.19 37.31
2017-06-30 231.20 3.23 31.98
2017-03-31 231.20 3.23 31.98
2016-12-31 233.09 0.18 38.26
2016-09-30 233.09 0.18 38.26
2016-06-30 213.29 0.21 29.58
2016-03-31 213.29 0.21 29.58
2015-12-31 207.65 0.19 31.65
2015-09-30 207.65 0.19 31.65
2015-06-30 192.29 5.05 25.69
2015-03-31 192.29 5.05 25.69
2014-12-31 200.33 0.34 24.38
2014-09-30 200.33 0.34 24.38
2014-06-30 186.07 5.48 17.93
2014-03-31 186.07 5.48 17.93
2013-12-31 187.25 0.47 20.80
2013-09-30 187.25 0.47 20.80
2013-06-30 170.97 5.31 22.81
2013-03-31 170.97 5.31 22.81
2012-12-31 157.64 5.42 14.11
2012-09-30 159.36 5.42 14.11
  • Interroll Holding's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.3% vs 0% today).
  • Debt is well covered by operating cash flow (481485.7%, greater than 20% of total debt).
  • Interroll Holding earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Interroll Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Interroll Holding has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Interroll Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.08%
Current annual income from Interroll Holding dividends. Estimated to be 1.28% next year.
If you bought CHF2,000 of Interroll Holding shares you are expected to receive CHF22 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Interroll Holding's pays a lower dividend yield than the bottom 25% of dividend payers in Switzerland (1.99%).
  • Interroll Holding's dividend is below the markets top 25% of dividend payers in Switzerland (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:INRN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Switzerland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.4%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 167 Stocks 3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2%
Switzerland Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:INRN Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 29.31 5.00
2020-12-31 26.13 6.00
2019-12-31 23.88 6.00
SWX:INRN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-22 22.000 1.009
2018-03-23 16.500 0.952
2017-03-13 16.000 1.192
2016-03-03 12.000 1.185
2015-03-20 9.000 1.319
2014-03-21 8.800 1.660
2013-03-22 8.000 1.828
2012-03-23 7.000 2.025
2011-03-03 5.000 1.482
2010-03-26 5.000 1.527
2009-01-05 5.000 1.835

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interroll Holding is not paying a notable dividend for Switzerland, therefore no need to check if the payments are stable.
  • Interroll Holding is not paying a notable dividend for Switzerland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Interroll Holding's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Interroll Holding's dividends as it is not paying a notable one for Switzerland.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Interroll Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Interroll Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Interroll Holding has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Interroll Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Zumbühl
COMPENSATION CHF1,833,000
AGE 62
TENURE AS CEO 19.5 years
CEO Bio

Mr. Paul Zumbühl, Dipl. Ing., MBA, has been the Chief Executive Officer of Interroll Holding AG since January 1, 2000. Mr. Zumbühl is Head of Services and Member of the Bank Management at Raiffeisenbank Züri-Unterland Genossenschaft. He served as Head of adminstrarion and Finance at Raiffeisenbank Züri-Unterland Genossenschaft. until 2017. He served as Managing Director and Chief Operating Officer of Mikron Plastics Technology, Biel. He served as general manager and other managerial positions within the Sarna Group, Sarnen, Switzerland. He has been President of the Board at Schlatter Industries AG (a/k/a Schlatter Holding AG) since May 29, 2012. He served as Vice Chairman and Lead Director of Schlatter Holding AG until May 29, 2012. He has been a Director at Schlatter Industries AG (a/k/a Schlatter Holding AG) since October 29, 2007. He has been a Director of Mikron Holding AG since April 2018. He served as Non Executive Director of Looser Holding AG since 2009 until December 15, 2016. He studied Dipl-Ing., in Applied Sciences, MBA (University of Applied, Sciences of Berne), Swiss federal marketing manager diploma, Advanced Executive Management Program at Kellogg Business School of Northwestern University, USA.

CEO Compensation
  • Insufficient data for Paul to compare compensation growth.
  • Insufficient data for Paul to establish whether their remuneration is reasonable compared to companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Interroll Holding management team in years:

7.4
Average Tenure
53
Average Age
  • The average tenure for the Interroll Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ingo Specht

TITLE
Secretary
COMPENSATION
CHF82K
AGE
55
TENURE
22 yrs

Paul Zumbühl

TITLE
Chief Executive Officer
COMPENSATION
CHF2M
AGE
62
TENURE
19.5 yrs

Daniel Bättig

TITLE
Chief Financial Officer
AGE
55
TENURE
6.3 yrs

Ch. Reinkemeier

TITLE
Executive VP of Global Sales & Service
AGE
53
TENURE
8.5 yrs

Jens Karolyi

TITLE
Senior Vice President of Corporate Marketing & Culture
AGE
49
TENURE
8.5 yrs

Ben Xia

TITLE
Executive Vice President of Operations - Asia
AGE
53
TENURE
6.1 yrs

Richard Keely

TITLE
Executive Vice President of Operations - Americas
AGE
47
TENURE
1.3 yrs

Jens Strüwing

TITLE
Executive Vice President of Products & Technology
AGE
50
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Interroll Holding board of directors in years:

6.2
Average Tenure
55.5
Average Age
  • The tenure for the Interroll Holding board of directors is about average.
Board of Directors

Urs Tanner

TITLE
Chairman
COMPENSATION
CHF236K
AGE
68
TENURE
3.2 yrs

Paolo Bottini

TITLE
Vice Chairman
COMPENSATION
CHF122K
AGE
54

Ingo Specht

TITLE
Secretary
COMPENSATION
CHF82K
AGE
55
TENURE
13.5 yrs

Philippe Dubois

TITLE
Director
COMPENSATION
CHF88K
AGE
69
TENURE
16.5 yrs

Stefano Mercorio

TITLE
Director
COMPENSATION
CHF96K
AGE
56
TENURE
6.2 yrs

Elena Cortona

TITLE
Director
AGE
49
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Interroll Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Interroll Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Interroll Holding AG (VTX:INRN) Has Attractive Fundamentals

For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Interroll Holding here. … This indicates that INRN has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. … INRN's has produced operating cash levels of 4815x total debt over the past year, which implies that INRN's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.

Simply Wall St -

Is Interroll Holding AG (VTX:INRN) Worth CHF2,010 Based On Its Intrinsic Value?

Today we will run through one way of estimating the intrinsic value of Interroll Holding AG (VTX:INRN) by projecting its future cash flows and then discounting them to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (CHF, Millions) CHF30.1m CHF63.9m CHF76.1m CHF86.9m CHF96.5m CHF104.9m CHF112.3m CHF118.9m CHF125.0m CHF130.7m Growth Rate Estimate Source Analyst x3 Analyst x3 Est @ 19.03% Est @ 14.3% Est @ 10.99% Est @ 8.68% Est @ 7.06% Est @ 5.92% Est @ 5.13% Est @ 4.57% Present Value (CHF, Millions) Discounted @ 9.58% CHF27.5 CHF53.2 CHF57.8 CHF60.3 CHF61.1 CHF60.6 CHF59.2 CHF57.2 CHF54.9 CHF52.4 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= CHF544.1m After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … SWX:INRN Intrinsic value, July 16th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

How Much Of Interroll Holding AG (VTX:INRN) Do Insiders Own?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Interroll Holding has a market capitalization of CHF2.0b, so we would expect some institutional investors to have noticed the stock. … Check out our latest analysis for Interroll Holding SWX:INRN Ownership Summary, July 9th 2019 What Does The Institutional Ownership Tell Us About Interroll Holding? … We can see that Interroll Holding does have institutional investors; and they hold 54% of the stock.

Simply Wall St -

Should You Be Tempted To Sell Interroll Holding AG (VTX:INRN) Because Of Its P/E Ratio?

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Interroll Holding: P/E of 40.53 = CHF2485 ÷ CHF61.32 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … Since Interroll Holding holds net cash of CHF52m, it can spend on growth, justifying a higher P/E ratio than otherwise. … The Bottom Line On Interroll Holding's P/E Ratio Interroll Holding trades on a P/E ratio of 40.5, which is above the CH market average of 18.5.

Simply Wall St -

These 4 Measures Indicate That Interroll Holding (VTX:INRN) Is Using Debt Safely

SWX:INRN Historical Debt, July 2nd 2019 How Healthy Is Interroll Holding's Balance Sheet? … While Interroll Holding has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Summing up While it is always sensible to investigate a company's debt, in this case Interroll Holding has CHF52m in net cash and a decent-looking balance sheet.

Simply Wall St -

Did You Miss Interroll Holding's (VTX:INRN) Whopping 361% Share Price Gain?

During five years of share price growth, Interroll Holding achieved compound earnings per share (EPS) growth of 20% per year. … We note that for Interroll Holding the TSR over the last 5 years was 390%, which is better than the share price return mentioned above. … Before deciding if you like the current share price, check how Interroll Holding scores on these 3 valuation metrics.

Simply Wall St -

Does Interroll Holding AG's (VTX:INRN) June Stock Price Reflect Its Future Growth?

This tells us that Interroll Holding is overvalued compared to the CH market average ratio of 18.19x , and overvalued based on current earnings compared to the Machinery industry average of 19.28x. … A PE ratio of 39.47x and expected year-on-year earnings growth of 11% give Interroll Holding a quite high PEG ratio of 3.45x. … So, when we include the growth factor in our analysis, Interroll Holding appears overvalued , based on the fundamentals.

Simply Wall St -

Should You Be Adding Interroll Holding (VTX:INRN) To Your Watchlist Today?

As a result, I'm encouraged by the fact that insiders own Interroll Holding shares worth a considerable sum. … For growth investors like me, Interroll Holding's raw rate of earnings growth is a beacon in the night. … I think that EPS growth is something to boast of, and it doesn't surprise me that insiders are holding on to a considerable chunk of shares.

Simply Wall St -

Can Interroll Holding AG's (VTX:INRN) ROE Continue To Surpass The Industry Average?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Interroll Holding: 18% = CHF52m ÷ CHF285m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Interroll Holding Have A Good Return On Equity? … Interroll Holding's Debt And Its 18% ROE Although Interroll Holding does use a little debt, its debt to equity ratio of just 0.00004 is very low.

Simply Wall St -

One Thing To Remember About The Interroll Holding AG (VTX:INRN) Share Price

If you're interested in Interroll Holding AG (VTX:INRN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … This suggests that including it in your portfolio will reduce volatility arising from broader market movements, assuming your portfolio's weighted average beta is higher than 0.88. … What this means for you: One potential advantage of owning low beta stocks like Interroll Holding is that your overall portfolio won't be too sensitive to overall market movements.

Simply Wall St -

Company Info

Description

Interroll Holding AG provides products and services for internal logistics worldwide. The company’s products include rollers, drives, conveyors and sorters, and pallet and carton flow products. It offers driven conveyor rollers, control systems, and drum motors; conveyors and sorters, including cross-belt sorters, belt curves, modular conveyor platforms with roller and belt conveyors, and other modules; and storage solutions for pallets and parcel packaging. The company’s products and services are used in courier, express, and parcel services; airports; e-commerce; tire and automotive; industrial production; food and beverage centers; and distribution and warehouse centers. It serves plant manufacturers, original equipment manufacturers, system integrators, and end users. Interroll Holding AG was founded in 1959 and is headquartered in Sant'Antonino, Switzerland.

Details
Name: Interroll Holding AG
INRN
Exchange: SWX
Founded: 1959
CHF1,722,200,840
842,152
Website: http://www.interroll.com
Address: Interroll Holding AG
Via Gorelle 3,
Sant'Antonino,
Ticino, 6592,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX INRN Registered Shares SIX Swiss Exchange CH CHF 03. Jul 1997
DB I3H Registered Shares Deutsche Boerse AG DE EUR 03. Jul 1997
LSE 0QN2 Registered Shares London Stock Exchange GB CHF 03. Jul 1997
Number of employees
Current staff
Staff numbers
2,300
Interroll Holding employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/23 23:21
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/03/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.