SWX:ROL

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Von Roll Holding AG produces and distributes insulation materials, winding wires, resins, varnishes, and composite materials in Europe, the Middle East, Africa, Asia, and the Americas.


Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ROL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.2%

ROL

8.5%

CH Electrical

2.3%

CH Market


1 Year Return

-40.7%

ROL

5.8%

CH Electrical

3.2%

CH Market

Return vs Industry: ROL underperformed the Swiss Electrical industry which returned 2.8% over the past year.

Return vs Market: ROL underperformed the Swiss Market which returned 3.8% over the past year.


Shareholder returns

ROLIndustryMarket
7 Day-6.2%8.5%2.3%
30 Day23.7%17.9%4.9%
90 Day-3.9%4.5%2.7%
1 Year-40.7%-40.7%10.6%5.8%6.6%3.2%
3 Year-54.1%-54.1%-6.7%-17.0%21.1%8.7%
5 Year-27.0%-27.0%17.7%-3.3%32.6%10.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

78.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ROL (CHF0.73) is trading above our estimate of fair value (CHF0.07)

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


Price To Earnings Ratio

PE vs Industry: ROL is poor value based on its PE Ratio (78.7x) compared to the Electrical industry average (24.6x).

PE vs Market: ROL is poor value based on its PE Ratio (78.7x) compared to the Swiss market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ROL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ROL is good value based on its PB Ratio (1.3x) compared to the CH Electrical industry average (1.9x).


Next Steps

Future Growth

How is Von Roll Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.7%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Von Roll Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Von Roll Holding performed over the past 5 years?

49.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ROL has high quality earnings.

Growing Profit Margin: ROL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ROL has become profitable over the past 5 years, growing earnings by 49.3% per year.

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

Earnings vs Industry: ROL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electrical industry (-0.2%).


Return on Equity

High ROE: ROL's Return on Equity (1.6%) is considered low.


Next Steps

Financial Health

How is Von Roll Holding's financial position?


Financial Position Analysis

Short Term Liabilities: ROL's short term assets (CHF160.9M) exceed its short term liabilities (CHF46.8M).

Long Term Liabilities: ROL's short term assets (CHF160.9M) exceed its long term liabilities (CHF31.0M).


Debt to Equity History and Analysis

Debt Level: ROL's debt to equity ratio (3.5%) is considered satisfactory.

Reducing Debt: ROL's debt to equity ratio has reduced from 164% to 3.5% over the past 5 years.

Debt Coverage: ROL's debt is well covered by operating cash flow (182.2%).

Interest Coverage: ROL's interest payments on its debt are well covered by EBIT (40.2x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: ROL is not paying a notable dividend for the Swiss market.


Future Payout to Shareholders

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Christian Hennerkes (48yo)

3.67yrs

Tenure

CHF799,000

Compensation

Dr. Christian Hennerkes is a Co-Founder of Travel IQ GmbH. Dr. Hennerkes has been the Chief Executive Officer of Von Roll Holding AG since October 1, 2016 and its Executive Director since April 2016. Dr. H ...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD831.36K) is about average for companies of similar size in the Swiss market ($USD811.59K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Christian Hennerkes
CEO & Executive Director3.67yrsCHF799.00k1.03% CHF2.6m
Artur Lust
Chief Financial Officer2.67yrsCHF527.00k0.69% CHF1.8m
Jens Lange
Managing Director1.5yrsno datano data
Walter Sibold
Group Divisional Manager and Secretaryno datano datano data

2.7yrs

Average Tenure

Experienced Management: ROL's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christian Hennerkes
CEO & Executive Director3.67yrsCHF799.00k1.03% CHF2.6m
August von Finck
Non-Executive Director10.42yrsCHF100.00k33.25% CHF84.8m
Petros Kalantzis
Chairman of the Board9.5yrsCHF308.00k0.00038% CHF969.2
Betriebswirt Peskes
Non-Executive Director20.42yrsCHF94.00kno data
Guido Egli
Vice Chairman of the Boardno dataCHF151.00k0.00031% CHF790.6
Gerd Amtstatter
Non-Executive Director12.83yrsCHF94.00k0.13% CHF340.7k

10.4yrs

Average Tenure

71yo

Average Age

Experienced Board: ROL's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Von Roll Holding AG
  • Ticker: ROL
  • Exchange: SWX
  • Founded: 1903
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: CHF255.045m
  • Shares outstanding: 349.38m
  • Website: https://www.vonroll.com

Number of Employees


Location

  • Von Roll Holding AG
  • Passwangstrasse 20
  • Breitenbach
  • Solothurn
  • 4226
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROLSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1995
ROHDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1995
0QPVLSE (London Stock Exchange)YesBearer SharesGBCHFJan 1995

Biography

Von Roll Holding AG produces and distributes insulation materials, winding wires, resins, varnishes, and composite materials in Europe, the Middle East, Africa, Asia, and the Americas. It operates in two segments, Von Roll Insulation and Von Roll Composites. The Von Roll Insulation segment offers electrical insulation products, systems, and services for generators, high- and low-voltage motors, transformers, and other applications. The Von Roll Composites segment produces composite materials and machined parts for a range of industrial equipment. The company’s products include mica products for electrical insulation, such as vacuum pressure impregnation tapes, resin-rich tapes, conductor insulation tapes, and mica mastics; mica products for thermal insulation, which consists of mica tapes for fire-resistant cables, mica tubes, collector rings and gaskets, pressed sheets, and die cut parts; conductive and semi-conductive tapes and varnishes, as well as conductive mastics and sheets; impregnating, potting, and coating resins; wires; and prepregs, high and low pressure laminates, tubes, and long parts and U&L profiles. Its products also include banding tapes and flexible laminates; machined parts consisting of slides and vanes, threaded rods and screws, slot insulation parts, vacuum molded parts, and stamped parts; and auxiliary materials, such as consolidating, protection, and shrinking tapes, as well as separating foils, and glass cords and sleeves. In addition, the company provides testing and insulation training services. It serves energy generation, energy transmission, and industrial applications, as well as electric drive and transport industries. Von Roll Holding AG was founded in 1903 and is based in Breitenbach, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 20:46
End of Day Share Price2020/06/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.