SWX:PNHO

Stock Analysis Report

Executive Summary

Poenina Holding AG installs building technology and building shell products in Switzerland.

Snowflake

Fundamentals

Solid track record with excellent balance sheet and pays a dividend.

Share Price & News

How has Poenina Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

PNHO

-0.07%

CH Construction

-0.1%

CH Market


1 Year Return

-16.5%

PNHO

13.5%

CH Construction

8.8%

CH Market

Return vs Industry: PNHO underperformed the Swiss Construction industry which returned 13.5% over the past year.

Return vs Market: PNHO underperformed the Swiss Market which returned 8.8% over the past year.


Shareholder returns

PNHOIndustryMarket
7 Day0%-0.07%-0.1%
30 Day-1.3%0.3%-0.6%
90 Day-3.0%4.4%0.5%
1 Year-10.3%-16.5%17.5%13.5%14.6%8.8%
3 Yearn/a25.6%14.0%34.3%16.9%
5 Yearn/a65.2%36.1%38.1%16.4%

Price Volatility Vs. Market

How volatile is Poenina Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Poenina Holding undervalued compared to its fair value and its price relative to the market?

16.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PNHO (CHF44.9) is trading above our estimate of fair value (CHF25.97)

Significantly Below Fair Value: PNHO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PNHO is poor value based on its PE Ratio (16x) compared to the Construction industry average (11.3x).

PE vs Market: PNHO is good value based on its PE Ratio (16x) compared to the Swiss market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: PNHO is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: PNHO is overvalued based on its PB Ratio (3.9x) compared to the XE Construction industry average (1.1x).


Next Steps

Future Growth

How is Poenina Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

16.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PNHO's forecast earnings growth (16.8% per year) is above the savings rate (3.3%).

Earnings vs Market: PNHO's earnings (16.8% per year) are forecast to grow faster than the Swiss market (10% per year).

High Growth Earnings: PNHO's earnings are forecast to grow, but not significantly.

Revenue vs Market: PNHO's revenue (6.8% per year) is forecast to grow faster than the Swiss market (3.5% per year).

High Growth Revenue: PNHO's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PNHO's Return on Equity is forecast to be high in 3 years time (22.6%)


Next Steps

Past Performance

How has Poenina Holding performed over the past 5 years?

29.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PNHO's earnings have grown significantly by 29.2% per year over the past 5 years.

Accelerating Growth: PNHO's earnings growth over the past year (34.1%) exceeds its 5-year average (29.2% per year).

Earnings vs Industry: PNHO earnings growth over the past year (34.1%) exceeded the Construction industry 7.9%.


Return on Equity

High ROE: PNHO's Return on Equity (21.3%) is considered high.


Return on Assets

ROA vs Industry: PNHO has a higher Return on Assets than the Construction industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is Poenina Holding's financial position?


Financial Position Analysis

Short Term Liabilities: PNHO's short term assets (CHF82.0M) exceeds its short term liabilities (CHF45.0M)

Long Term Liabilities: PNHO's short term assets (82.0M) exceeds its long term liabilities (8.8M)


Debt to Equity History and Analysis

Debt Level: PNHO's debt to equity ratio (10.4%) is considered satisfactory

Reducing Debt: Insufficient data to determine if PNHO's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PNHO's debt is well covered by operating cash flow (159%).

Interest Coverage: PNHO's interest payments on its debt are well covered by EBIT (273.2x coverage).


Balance Sheet

Inventory Level: PNHO has a low level of unsold assets or inventory.

Debt Coverage by Assets: PNHO's debt is covered by short term assets (assets are 17.059300x debt).


Next Steps

Dividend

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

3.79%

Current Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%1.9%markettop25%3.7%industryaverage3.5%forecastin3Years4.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PNHO's dividend (3.79%) is higher than the bottom 25% of dividend payers in the Swiss market (1.92%).

High Dividend: PNHO's dividend (3.79%) is in the top 25% of dividend payers in the Swiss market (3.69%)

Stable Dividend: Whilst dividend payments have been stable, PNHO has been paying a dividend for less than 10 years.

Growing Dividend: PNHO's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.7%), PNHO's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PNHO's dividends in 3 years are forecast to be covered by earnings (63.3% payout ratio).


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

Jean-Claude Bregy (51yo)

8.9yrs

Tenure

CHF874,933

Compensation

Mr. Jean-Claude Bregy has been Chief Executive Officer, Member of the Management Board & Director at Poenina Holding AG since November 19, 2010. Mr. Bregy served as Managing Director of K Schweizer AG at B ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Jean-Claude's total compensation is reasonable compared to companies of similar size in the Swiss market.

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


Board Age and Tenure

2.3yrs

Average Tenure

58yo

Average Age

Experienced Board: PNHO's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

  • Jean-Claude Bregy (51yo)

    CEO, Member of the Management Board & Director

    • Tenure: 8.9yrs
    • Compensation: CHF874.93k
  • Fotios Michos (40yo)

    CFO & Member of the Management Board

    • Tenure: 10.7yrs
    • Compensation: CHF704.19k
  • Marlene Caduff

    Head of Marketing & Communication

    • Tenure: 0yrs

Board Members

  • Marco Syfrig (59yo)

    President of the Board of Directors

    • Tenure: 2.3yrs
    • Compensation: CHF354.23k
  • Urs Ledermann (64yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: CHF69.89k
  • Willy Hüppi (58yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: CHF64.80k
  • Jean-Claude Bregy (51yo)

    CEO, Member of the Management Board & Director

    • Tenure: 8.9yrs
    • Compensation: CHF874.93k
  • Sarah Meier-Bieri (42yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: CHF64.51k
  • Thomas Kellenberger

    Director

    • Tenure: 0yrs
    • Compensation: CHF106.77k

Company Information

Poenina Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Poenina Holding AG
  • Ticker: PNHO
  • Exchange: SWX
  • Founded: 2010
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: CHF179.198m
  • Shares outstanding: 3.99m
  • Website: https://www.poenina.ch

Number of Employees


Location

  • Poenina Holding AG
  • Vega-Strasse 3
  • Glattpark
  • Opfikon
  • Zurich
  • 8152
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PNHOSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFNov 2017

Biography

Poenina Holding AG installs building technology and building shell products in Switzerland. It offers sanitary, heating, and ventilation; and roofing, flat roof, pitched roof, lightning protection, and plu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:55
End of Day Share Price2019/10/22 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.