SWX:SRAIL

Stock Analysis Report

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Executive Summary

Stadler Rail AG designs, manufactures, and sells trains in Switzerland and internationally.


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Stadler Rail's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SRAIL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.9%

SRAIL

1.6%

CH Machinery

0.4%

CH Market


1 Year Return

-8.1%

SRAIL

1.1%

CH Machinery

2.5%

CH Market

Return vs Industry: SRAIL underperformed the Swiss Machinery industry which returned 1.6% over the past year.

Return vs Market: SRAIL underperformed the Swiss Market which returned 2.9% over the past year.


Shareholder returns

SRAILIndustryMarket
7 Day2.9%1.6%0.4%
30 Day-3.7%7.1%2.5%
90 Day-12.8%1.5%-2.7%
1 Year-5.2%-8.1%4.7%1.1%5.8%2.5%
3 Yearn/a3.0%-5.3%16.0%4.1%
5 Yearn/a36.5%15.5%28.7%7.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Stadler Rail undervalued compared to its fair value and its price relative to the market?

31.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SRAIL (CHF40.64) is trading above our estimate of fair value (CHF37.56)

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


Price To Earnings Ratio

PE vs Industry: SRAIL is poor value based on its PE Ratio (31.9x) compared to the Machinery industry average (19x).

PE vs Market: SRAIL is poor value based on its PE Ratio (31.9x) compared to the Swiss market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: SRAIL is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: SRAIL is overvalued based on its PB Ratio (4.8x) compared to the CH Machinery industry average (2x).


Next Steps

Future Growth

How is Stadler Rail forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SRAIL's forecast earnings growth (18% per year) is above the savings rate (-0.2%).

Earnings vs Market: SRAIL's earnings (18% per year) are forecast to grow faster than the Swiss market (8.5% per year).

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

Revenue vs Market: SRAIL's revenue (7% per year) is forecast to grow faster than the Swiss market (2.4% per year).

High Growth Revenue: SRAIL's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SRAIL's Return on Equity is forecast to be high in 3 years time (22.9%)


Next Steps

Past Performance

How has Stadler Rail performed over the past 5 years?

8.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SRAIL has a high level of non-cash earnings.

Growing Profit Margin: SRAIL's current net profit margins (4%) are lower than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SRAIL's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare SRAIL's past year earnings growth to its 5-year average.

Earnings vs Industry: SRAIL earnings growth over the past year (8%) exceeded the Machinery industry 0.5%.


Return on Equity

High ROE: SRAIL's Return on Equity (15.2%) is considered low.


Next Steps

Financial Health

How is Stadler Rail's financial position?


Financial Position Analysis

Short Term Liabilities: SRAIL's short term assets (CHF2.9B) exceed its short term liabilities (CHF2.4B).

Long Term Liabilities: SRAIL's short term assets (CHF2.9B) exceed its long term liabilities (CHF599.0M).


Debt to Equity History and Analysis

Debt Level: SRAIL's debt to equity ratio (82.8%) is considered high.

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

Debt Coverage: SRAIL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SRAIL's interest payments on its debt are well covered by EBIT (107.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Stadler Rail's current dividend yield, its reliability and sustainability?

2.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SRAIL's dividend (2.95%) is higher than the bottom 25% of dividend payers in the Swiss market (1.93%).

High Dividend: SRAIL's dividend (2.95%) is low compared to the top 25% of dividend payers in the Swiss market (3.91%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SRAIL's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SRAIL's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.3%), SRAIL's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SRAIL's dividends in 3 years are forecast to be covered by earnings (60.4% payout ratio).


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Peter Spuhler (60yo)

0.083

Tenure

CHF300,000

Compensation

Mr. Peter C. Spuhler serves Group Chief Executive Officer a.i. and Executive Vice President of Switzerland a.i. at Stadler Rail AG since May 2020 and serves its Member of the Group Executive Board since Ma ...


Leadership Team

NamePositionTenureCompensationOwnership
Peter Spuhler
Group CEO a.i0.083yrCHF300.00k11.04% CHF448.6m
Raphael Widmer
Group CFO3.42yrsno data0.10% CHF4.1m
Jürg Gygax
Executive VP of Service & Member of The Group Executive Boardno datano data0.13% CHF5.3m
Christian Spichiger
Executive VP of Central & Eastern Europe and Member of The Group Executive Boardno datano data0.060% CHF2.4m
Markus Bernsteiner
Executive VP of Components & Member of The Group Executive Board1yrno data0.27% CHF11.0m
Marina Winder
Head of Communications & PRno datano data0.040% CHF1.6m
Inigo Parra
Executive VP of Spain & Member of The Group Executive Boardno datano data0.040% CHF1.6m
Jure Mikolcic
Executive VP of Germany & Member of The Group Executive Board1.33yrsno data0.050% CHF2.0m
Ansgar Brockmeyer
Executive VP of Sales & Marketing and Member of The Group Executive Board1.08yrsno data0.050% CHF2.0m

1.1yrs

Average Tenure

55yo

Average Age

Experienced Management: SRAIL's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Peter Spuhler
Group CEO a.i0.083yrCHF300.00k11.04% CHF448.6m
Wojciech Kostrzewa
Non-Executive Director8.42yrsCHF105.00k0.15% CHF6.1m
Manfred Kindle
Non-Executive Director12.42yrsCHF127.00k1.3% CHF52.8m
Christoph Franz
Non-Executive Director9.08yrsCHF143.00k1.3% CHF52.8m
Hans-Peter Schwald
Non-Executive Vice Chairman of the Board18.42yrsCHF186.00k1% CHF40.6m
Kurt Rüegg
Non-Executive Director18.42yrsCHF127.00k0.38% CHF15.2m
Barbara Egger-Jenzer
Non-Executive Director1.25yrsCHF105.00kno data
Doris Leuthard
Director0.17yrno datano data

10.8yrs

Average Tenure

60yo

Average Age

Experienced Board: SRAIL's board of directors are seasoned and experienced ( 10.8 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

Stadler Rail AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Stadler Rail AG
  • Ticker: SRAIL
  • Exchange: SWX
  • Founded: 1942
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: CHF4.064b
  • Shares outstanding: 100.00m
  • Website: https://www.stadlerrail.com

Number of Employees


Location

  • Stadler Rail AG
  • Ernst-Stadler-Strasse 1
  • Bussnang
  • Thurgau
  • 9565
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRAILSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFApr 2019
0A0CLSE (London Stock Exchange)YesRegistered SharesGBCHFApr 2019
6RLDB (Deutsche Boerse AG)YesRegistered SharesDEEURApr 2019

Biography

Stadler Rail AG designs, manufactures, and sells trains in Switzerland and internationally. The company operates through two segments, Rolling Stock; and Service and Components. Its Rolling Stock segment manufactures high-speed and intercity trains, suburban and regional transport trains, city transport, locomotives, and tailor made vehicles, as well as passenger coaches, light rails, metros, and trams. The company’s Service and Component segment offers modernization and revision, spare parts, vehicle repairs, upgrading and overhauling, and maintenance services, as well as supplies vehicle components, such as car bodies or bogies. Stadler Rail AG was founded in 1942 and is headquartered in Bussnang, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 02:39
End of Day Share Price2020/05/29 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.