Phoenix Mecano AG, together with its subsidiaries, manufactures and sells enclosures and industrial components worldwide.
Undervalued with adequate balance sheet and pays a dividend.
Share Price & News
How has Phoenix Mecano's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PM has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PM underperformed the Swiss Electrical industry which returned 3.1% over the past year.
Return vs Market: PM underperformed the Swiss Market which returned 3% over the past year.
Price Volatility Vs. Market
How volatile is Phoenix Mecano's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDon't Race Out To Buy Phoenix Mecano AG (VTX:PM) Just Because It's Going Ex-Dividend
1 week ago | Simply Wall StIs It Too Late To Consider Buying Phoenix Mecano AG (VTX:PM)?
3 weeks ago | Simply Wall StIs Phoenix Mecano AG's (VTX:PM) CEO Paid At A Competitive Rate?
Is Phoenix Mecano undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PM (CHF373.5) is trading below our estimate of fair value (CHF570.42)
Significantly Below Fair Value: PM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PM is good value based on its PE Ratio (23.7x) compared to the Electrical industry average (23.7x).
PE vs Market: PM is poor value based on its PE Ratio (23.7x) compared to the Swiss market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: PM is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: PM is good value based on its PB Ratio (1.6x) compared to the CH Electrical industry average (1.9x).
How is Phoenix Mecano forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PM's forecast earnings growth (31.1% per year) is above the savings rate (-0.2%).
Earnings vs Market: PM's earnings (31.1% per year) are forecast to grow faster than the Swiss market (8.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PM's revenue (0.7% per year) is forecast to grow slower than the Swiss market (2.4% per year).
High Growth Revenue: PM's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PM's Return on Equity is forecast to be low in 3 years time (12.9%).
How has Phoenix Mecano performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PM has a large one-off loss of €14.6M impacting its December 31 2019 financial results.
Growing Profit Margin: PM's current net profit margins (2.1%) are lower than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: PM's earnings have grown by 12.3% per year over the past 5 years.
Accelerating Growth: PM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PM had negative earnings growth (-61%) over the past year, making it difficult to compare to the Electrical industry average (-0.2%).
Return on Equity
High ROE: PM's Return on Equity (6.4%) is considered low.
How is Phoenix Mecano's financial position?
Financial Position Analysis
Short Term Liabilities: PM's short term assets (€335.6M) exceed its short term liabilities (€146.7M).
Long Term Liabilities: PM's short term assets (€335.6M) exceed its long term liabilities (€124.0M).
Debt to Equity History and Analysis
Debt Level: PM's debt to equity ratio (68.3%) is considered high.
Reducing Debt: PM's debt to equity ratio has increased from 23% to 68.3% over the past 5 years.
Debt Coverage: PM's debt is well covered by operating cash flow (29.3%).
Interest Coverage: PM's interest payments on its debt are well covered by EBIT (22.9x coverage).
What is Phoenix Mecano's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PM's dividend (2.68%) is higher than the bottom 25% of dividend payers in the Swiss market (1.93%).
High Dividend: PM's dividend (2.68%) is low compared to the top 25% of dividend payers in the Swiss market (3.91%).
Stability and Growth of Payments
Stable Dividend: PM's dividend payments have been volatile in the past 10 years.
Growing Dividend: PM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.4%), PM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PM's dividends in 3 years are forecast to be covered by earnings (51.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Rochus Kobler (50yo)
Dr. Rochus Kobler, Dr oec, HSG, Dipl Ing, ETH, MSc, Unterageri, has been Chief Executive Officer of Phoenix Mecano AG since May 20, 2016. Dr. Kobler served as Chief Operating Officer of Phoenix Mecano AG s ...
CEO Compensation Analysis
Compensation vs Market: Rochus's total compensation ($USD892.44K) is about average for companies of similar size in the Swiss market ($USD967.33K).
Compensation vs Earnings: Rochus's compensation has been consistent with company performance over the past year.
|Executive Chairman of the Board||4yrs||€909.00k||0.34% €1.2m|
|Non-Executive Director||17.33yrs||€69.00k||0.010% €37.3k|
|Independent Lead Director||no data||€273.00k||0.93% €3.3m|
|Non-Executive Director||17.33yrs||€69.00k||0.042% €149.4k|
|Non-Executive Director||17.33yrs||€69.00k||0.0010% €3.7k|
Experienced Board: PM's board of directors are seasoned and experienced ( 17.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Phoenix Mecano AG's company bio, employee growth, exchange listings and data sources
- Name: Phoenix Mecano AG
- Ticker: PM
- Exchange: SWX
- Founded: 1975
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: CHF358.373m
- Shares outstanding: 959.50k
- Website: https://www.phoenix-mecano.com
Number of Employees
- Phoenix Mecano AG
- Hofwisenstrasse 6
- Stein am Rhein
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PM||SWX (SIX Swiss Exchange)||Yes||Bearer Shares||CH||CHF||Jan 1992|
|PXM||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||Jan 1992|
|0QKP||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||CHF||Jan 1992|
Phoenix Mecano AG, together with its subsidiaries, manufactures and sells enclosures and industrial components worldwide. The company operates in three divisions: Enclosures, Mechanical Components, and ELCOM/EMS. The Enclosures division develops and manufactures industrial enclosures made of aluminum, stainless steel, plastic, and glass-fiber reinforced polyester; and system solutions for use in mechanical and plant engineering, electrical engineering, automation, measurement and control technology, railway, automotive, and medical technology, as well as for explosive environments in the petrochemical, and onshore and offshore industries. This division also offers machine control boards and suspension systems for protecting electronics in various industrial applications, and membrane keyboards and touch systems. The Mechanical Components division provides profile assembly systems, linear units and drives, and pipe connection technology for various applications in the construction of machinery and equipment, protective enclosures, and ergonomic workstations. This division also offers electric cylinders and lifting columns; and electrically adjustable furniture for the home and hospital care sector. The ELCOM/EMS division provides terminal blocks, connector systems, test probes, series terminals, and coding switches for industrial electronics; power supply systems, backplanes, and electronic assemblies for application in various fields, including medical technology, measurement technology, astrophysics, and research facilities; transformers, instrument transformers, and inductors for use in renewable energies, drive technology, switchgear, and power distribution networks; LED lights; and circuit board equipment, as well as develops customized electronic applications. The company was formerly known as Phoenix Maschinentechnik AG and changed its name to Phoenix Mecano AG in 1986. Phoenix Mecano AG was founded in 1975 and is headquartered in Stein am Rhein, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 20:39|
|End of Day Share Price||2020/05/29 00:00|
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.