SWX:MTG

Stock Analysis Report

Executive Summary

Meier Tobler Group AG manufactures and sells heating and air conditioning systems worldwide.

Snowflake

Fundamentals

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Meier Tobler Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

MTG

1.0%

CH Machinery

0.4%

CH Market


1 Year Return

-20.7%

MTG

-2.3%

CH Machinery

11.4%

CH Market

Return vs Industry: MTG underperformed the Swiss Machinery industry which returned -2.3% over the past year.

Return vs Market: MTG underperformed the Swiss Market which returned 11.4% over the past year.


Shareholder returns

MTGIndustryMarket
7 Day-2.3%1.0%0.4%
30 Day-8.1%-2.4%-0.3%
90 Day-9.8%1.8%1.8%
1 Year-20.7%-20.7%0.4%-2.3%17.4%11.4%
3 Year-55.4%-59.6%23.7%15.0%34.9%21.3%
5 Year-55.0%-63.6%63.3%39.4%42.2%19.9%

Price Volatility Vs. Market

How volatile is Meier Tobler Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Meier Tobler Group undervalued compared to its fair value and its price relative to the market?

229.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: MTG (CHF14.16) is trading above our estimate of fair value (CHF7.3)

Significantly Undervalued: MTG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MTG is poor value based on its PE Ratio (229.2x) compared to the Machinery industry average (21.1x).

PE vs Market: MTG is poor value based on its PE Ratio (229.2x) compared to the Swiss market (18.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: MTG is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: MTG is good value based on its PB Ratio (1.5x) compared to the CH Machinery industry average (2.1x).


Next Steps

Future Growth

How is Meier Tobler Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

74.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTG's forecast earnings growth (74.6% per year) is above the savings rate (3.3%).

Earnings vs Market: MTG's earnings (74.6% per year) are forecast to grow faster than the Swiss market (10.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MTG's revenue (1.2% per year) is forecast to grow slower than the Swiss market (3.5% per year).

High Growth Revenue: MTG's revenue (1.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: MTG's Return on Equity is forecast to be low in 3 years time (8.6%).


Next Steps

Past Performance

How has Meier Tobler Group performed over the past 5 years?

-48.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MTG's earnings have declined by -48.6% per year over the past 5 years.

Accelerating Growth: MTG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MTG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (-0.7%).


Return on Equity

High ROE: MTG's Return on Equity (0.6%) is considered low.


Return on Assets

ROA vs Industry: MTG's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: MTG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Meier Tobler Group's financial position?


Financial Position Analysis

Short Term Liabilities: MTG's short term assets (CHF168.1M) exceeds its short term liabilities (CHF140.0M)

Long Term Liabilities: MTG's short term assets (168.1M) exceeds its long term liabilities (112.2M)


Debt to Equity History and Analysis

Debt Level: MTG's debt to equity ratio (79.5%) is considered high

Reducing Debt: MTG's debt to equity ratio has increased from 37% to 79.5% over the past 5 years.

Debt Coverage: MTG's debt is not well covered by operating cash flow (8%).

Interest Coverage: MTG's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet

Inventory Level: MTG has a high level of physical assets or inventory.

Debt Coverage by Assets: MTG's debt is covered by short term assets (assets are 1.495570x debt).


Next Steps

Dividend

What is Meier Tobler Group's current dividend yield, its reliability and sustainability?

2.65%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.9%markettop25%3.7%industryaverage2.4%forecastin3Years2.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MTG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MTG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MTG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MTG is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MTG's dividend in 3 years as they are not forecast to pay a notable one for the Swiss market.


Next Steps

Management

What is the CEO of Meier Tobler Group's salary, the management and board of directors tenure and is there insider trading?

7.8yrs

Average board tenure


CEO

Martin Kaufmann 0

0yrs

Tenure

CHF614,000

Compensation

Mr. Martin Kaufmann serves as Chief Executive Officer of Meier Tobler Group AG. Mr. Kaufmann has been Member of the Management Board at Walter Meier AG since April 01, 2014 and serves as its Head of the Cl ...


CEO Compensation Analysis

Compensation vs. Market: Martin's total compensation ($USD0.00) is too low to compare against companies of similar size in the Swiss market ($USD796.47K).

Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.


Board Age and Tenure

7.8yrs

Average Tenure

54yo

Average Age

Experienced Board: MTG's board of directors are considered experienced (7.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Lukas Leuenberger (47yo)

    Chief Financial Officer

    • Tenure: 0.8yrs
  • Doris Güller

    Head of Human Resources

    • Tenure: 0yrs
  • Oliver Zimmermann

    Head of Group Division - Humidification

    • Tenure: 0yrs
  • Martin Kaufmann

    Chief Executive Officer

    • Tenure: 0yrs
    • Compensation: CHF614.00k
  • Hans-Joachim Socher

    Head of Group Division - Climate Germany/Austria

    • Tenure: 0yrs
  • Jan Ten Pas

    Head of the Central Services Department

    • Tenure: 0yrs
  • Herbert Sohm

    Head of the Machine Tools Department

    • Tenure: 0yrs
  • Ueli Grossenbacher

    Head of the Climate Control Department

    • Tenure: 0yrs
  • Barbara Menet

    Head of the Personnel Department

    • Tenure: 0yrs
  • Patrik Forster

    Head of Sales and Marketing

    • Tenure: 0yrs

Board Members

  • Heinz Roth (65yo)

    Director

    • Tenure: 14.4yrs
    • Compensation: CHF120.00k
  • Silvan Meier (44yo)

    President of the Board

    • Tenure: 7.8yrs
    • Compensation: CHF362.00k
  • Alexander Zschokke (54yo)

    Director

    • Tenure: 0.8yrs
  • Heinz Wiedmer

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: CHF67.00k

Company Information

Meier Tobler Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Meier Tobler Group AG
  • Ticker: MTG
  • Exchange: SWX
  • Founded: 1937
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CHF169.920m
  • Shares outstanding: 12.00m
  • Website: https://www.meiertobler.ch/de

Number of Employees


Location

  • Meier Tobler Group AG
  • Bahnstrasse 24
  • Schwerzenbach
  • Zurich
  • 8603
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTGSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJan 1992
0QQKLSE (London Stock Exchange)YesRegistered SharesGBCHFJan 1992
B4A1DB (Deutsche Boerse AG)YesRegistered SharesDEEURJan 1992

Biography

Meier Tobler Group AG manufactures and sells heating and air conditioning systems worldwide. Its products include heat pumps, gas condensing boilers, exhaust systems, oil condensing boilers, solar systems, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:41
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.