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Schlatter Industries

SWX:STRN
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STRN
SWX
CHF45M
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

Schlatter Industries AG, together with its subsidiaries, manufactures and sells welding systems and weaving machines for technical applications worldwide. The last earnings update was 35 days ago. More info.


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STRN Share Price and Events
7 Day Returns
1%
SWX:STRN
2.7%
CH Machinery
0.5%
CH Market
1 Year Returns
-12.1%
SWX:STRN
-7.5%
CH Machinery
2.7%
CH Market
STRN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Schlatter Industries (STRN) 1% -0.5% 13.4% -12.1% 24.9% -71%
CH Machinery 2.7% 9.9% 11.7% -7.5% 30.6% 31.3%
CH Market 0.5% 1.1% 5.5% 2.7% 13.2% 12.5%
1 Year Return vs Industry and Market
  • STRN underperformed the Machinery industry which returned -7.5% over the past year.
  • STRN underperformed the Market in Switzerland which returned 2.7% over the past year.
Price Volatility
STRN
Industry
5yr Volatility vs Market

Value

 Is Schlatter Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Schlatter Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Schlatter Industries.

SWX:STRN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:STRN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 18%) (2.35%))
1.058
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.058 * 5.96%)
9.58%

Discounted Cash Flow Calculation for SWX:STRN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Schlatter Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SWX:STRN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 9.58%)
2019 1.14 Est @ -54.83% 1.04
2020 0.71 Est @ -37.4% 0.59
2021 0.53 Est @ -25.2% 0.41
2022 0.44 Est @ -16.66% 0.31
2023 0.40 Est @ -10.68% 0.25
2024 0.37 Est @ -6.49% 0.21
2025 0.36 Est @ -3.56% 0.19
2026 0.35 Est @ -1.51% 0.17
2027 0.35 Est @ -0.07% 0.15
2028 0.36 Est @ 0.93% 0.14
Present value of next 10 years cash flows CHF3.47
SWX:STRN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF0.36 × (1 + 3.28%) ÷ (9.58% – 3.28%)
CHF5.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF5.83 ÷ (1 + 9.58%)10
CHF2.34
SWX:STRN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF3.47 + CHF2.34
CHF5.81
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF5.81 / 1.10
CHF5.26
SWX:STRN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF5.26
Current discount Discount to share price of CHF40.60
= -1 x (CHF40.60 - CHF5.26) / CHF5.26
-672.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Schlatter Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Schlatter Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Schlatter Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:STRN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF3.37
SWX:STRN Share Price ** SWX (2019-04-23) in CHF CHF40.6
Switzerland Machinery Industry PE Ratio Median Figure of 23 Publicly-Listed Machinery Companies 18.66x
Switzerland Market PE Ratio Median Figure of 174 Publicly-Listed Companies 18.53x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Schlatter Industries.

SWX:STRN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:STRN Share Price ÷ EPS (both in CHF)

= 40.6 ÷ 3.37

12.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schlatter Industries is good value based on earnings compared to the CH Machinery industry average.
  • Schlatter Industries is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Schlatter Industries's expected growth come at a high price?
Raw Data
SWX:STRN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
10.6%per year
Switzerland Machinery Industry PEG Ratio Median Figure of 20 Publicly-Listed Machinery Companies 2.81x
Switzerland Market PEG Ratio Median Figure of 122 Publicly-Listed Companies 2.34x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Schlatter Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Schlatter Industries's assets?
Raw Data
SWX:STRN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF26.16
SWX:STRN Share Price * SWX (2019-04-23) in CHF CHF40.6
Switzerland Machinery Industry PB Ratio Median Figure of 24 Publicly-Listed Machinery Companies 2.21x
Switzerland Market PB Ratio Median Figure of 210 Publicly-Listed Companies 1.71x
SWX:STRN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:STRN Share Price ÷ Book Value per Share (both in CHF)

= 40.6 ÷ 26.16

1.55x

* Primary Listing of Schlatter Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schlatter Industries is good value based on assets compared to the CH Machinery industry average.
X
Value checks
We assess Schlatter Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Schlatter Industries has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Schlatter Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Schlatter Industries, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Schlatter Industries expected to grow at an attractive rate?
  • Schlatter Industries's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Schlatter Industries's earnings growth is expected to exceed the Switzerland market average.
  • Unable to compare Schlatter Industries's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SWX:STRN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:STRN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 10.6%
Switzerland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
Switzerland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.5%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:STRN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:STRN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 111 4 4
2018-09-30 109 2 4
2018-06-30 107 0 3
2018-03-31 104 -1 3
2017-12-31 101 -2 3
2017-09-30 100 2 2
2017-06-30 98 5 2
2017-03-31 94 9 1
2016-12-31 90 12 1
2016-09-30 86 10 -2
2016-06-30 81 7 -4
2016-03-31 82 1 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Schlatter Industries's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Schlatter Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:STRN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Schlatter Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:STRN Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 3.37
2018-09-30 3.22
2018-06-30 3.08
2018-03-31 2.84
2017-12-31 2.60
2017-09-30 2.09
2017-06-30 1.57
2017-03-31 1.01
2016-12-31 0.46
2016-09-30 -1.57
2016-06-30 -3.59
2016-03-31 -5.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Schlatter Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Schlatter Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Schlatter Industries has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Schlatter Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Schlatter Industries's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Schlatter Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Schlatter Industries's 1-year earnings growth is less than its 5-year average (29.3% vs 48.8%)
  • Schlatter Industries's earnings growth has exceeded the CH Machinery industry average in the past year (29.3% vs 18.9%).
Earnings and Revenue History
Schlatter Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Schlatter Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:STRN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 111.47 3.72 46.53
2018-09-30 109.43 3.56 45.97
2018-06-30 107.38 3.40 40.06
2018-03-31 104.25 3.14 39.09
2017-12-31 101.12 2.88 43.47
2017-09-30 99.60 2.31 39.77
2017-06-30 98.08 1.74 36.08
2017-03-31 94.28 1.12 35.72
2016-12-31 90.49 0.51 35.36
2016-09-30 85.68 -1.74 35.91
2016-06-30 80.88 -3.98 36.47
2016-03-31 82.05 -5.42 36.82
2015-12-31 83.21 -6.87 37.17
2015-09-30 85.04 -4.46 37.18
2015-06-30 86.86 -2.05 37.19
2015-03-31 88.17 -1.11 37.11
2014-12-31 89.49 -0.18 37.03
2014-09-30 90.63 -0.66 37.26
2014-06-30 91.77 -1.14 37.48
2014-03-31 94.34 -0.77 37.35
2013-12-31 96.92 -0.40 37.22
2013-09-30 100.82 -5.20 38.72
2013-06-30 104.71 -10.00 40.21
2013-03-31 110.12 -16.19 43.82
2012-12-31 115.54 -22.39 47.42
2012-09-30 118.28 -21.03 51.45
2012-06-30 122.04 -21.31 51.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Schlatter Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Schlatter Industries used its assets less efficiently than the CH Machinery industry average last year based on Return on Assets.
  • Schlatter Industries has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Schlatter Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Schlatter Industries has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Schlatter Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Schlatter Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Schlatter Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Schlatter Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Schlatter Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 48.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Schlatter Industries Company Filings, last reported 3 months ago.

SWX:STRN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 28.90 1.06 13.55
2018-09-30 28.90 1.06 13.55
2018-06-30 27.11 0.47 13.68
2018-03-31 27.11 0.47 13.68
2017-12-31 25.44 0.27 11.55
2017-09-30 25.44 0.27 11.55
2017-06-30 23.50 0.63 15.07
2017-03-31 23.50 0.63 15.07
2016-12-31 22.28 0.46 14.50
2016-09-30 22.28 0.46 14.50
2016-06-30 21.80 0.50 10.26
2016-03-31 21.80 0.50 10.26
2015-12-31 21.60 0.58 2.72
2015-09-30 21.60 0.58 2.72
2015-06-30 24.56 0.68 3.78
2015-03-31 24.56 0.68 3.78
2014-12-31 13.86 11.34 3.42
2014-09-30 13.86 11.34 3.42
2014-06-30 13.83 6.15 2.56
2014-03-31 13.83 6.15 2.56
2013-12-31 13.98 7.30 4.29
2013-09-30 13.98 7.30 4.29
2013-06-30 14.83 7.87 5.67
2013-03-31 14.83 7.87 5.67
2012-12-31 14.86 6.30 6.91
2012-09-30 14.86 6.30 6.91
2012-06-30 28.31 4.01 3.31
  • Schlatter Industries's level of debt (3.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (52.2% vs 3.7% today).
  • Debt is well covered by operating cash flow (359.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 939.5x coverage).
X
Financial health checks
We assess Schlatter Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Schlatter Industries has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Schlatter Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Schlatter Industries dividends.
If you bought CHF2,000 of Schlatter Industries shares you are expected to receive CHF0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Schlatter Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Schlatter Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:STRN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Switzerland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.2%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 167 Stocks 3.1%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.9%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Schlatter Industries has not reported any payouts.
  • Unable to verify if Schlatter Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Schlatter Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Schlatter Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Schlatter Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Schlatter Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Schlatter Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Werner Schmidli
COMPENSATION CHF582,824
AGE 53
TENURE AS CEO 6.9 years
CEO Bio

Mr. Werner Schmidli has been the Chief Executive Officer of Schlatter Industries AG (a/k/a Schlatter Holding AG) since May 29, 2012 and serves as its Member of Management Board. Mr. Schmidli served as the Chief Financial Officer of Schlatter Industries AG since August 1, 2004 and also served as its President of Management Board. From 2001 to 2004, he served as the Chief Financial Officer of Integra Biosciences. From 1998 to 2001, he served as a Chief Financial Officer of Tela Kimberly Switzerland. Mr. Schmidli holds lic. rer. pol from University of Fribourg.

CEO Compensation
  • Werner's compensation has been consistent with company performance over the past year.
  • Werner's remuneration is about average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Schlatter Industries management team in years:

6.4
Average Tenure
48.5
Average Age
  • The average tenure for the Schlatter Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Werner Schmidli

TITLE
CEO & Member of Management Board
COMPENSATION
CHF583K
AGE
53
TENURE
6.9 yrs

Reto Stettler

TITLE
CFO & Member of Management Board
AGE
43
TENURE
6.9 yrs

Daniel Zappa

TITLE
Head of Sales & Service and Member of Management Board
AGE
46

Beat Huber

TITLE
Head of Research & Development and Member of Management Board
AGE
56

Roland Kasper

TITLE
Head of Operations & Member of Management Board
AGE
42
TENURE
5.8 yrs

Harald Reich

TITLE
Managing Director of Deutschland
AGE
51
TENURE
2.3 yrs
Board of Directors

Paul Zumbühl

TITLE
President of the Board
COMPENSATION
CHF139K
AGE
61
TENURE
6.9 yrs

Michael Hauser

TITLE
Vice President of the Board
COMPENSATION
CHF69K
AGE
57

Ruedi Huber

TITLE
Director
COMPENSATION
CHF69K
AGE
58
TENURE
8.9 yrs

Nicolas Mathys

TITLE
Director
COMPENSATION
CHF69K
AGE
50
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Schlatter Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Schlatter Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

I Ran A Stock Scan For Earnings Growth And Schlatter Industries (VTX:STRN) Passed With Ease

In contrast to all that, I prefer to spend time on companies like Schlatter Industries (VTX:STRN), which has not only revenues, but also profits. … In the last three years Schlatter Industries's earnings per share took off like a rocket; fast, and from a low base. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth.

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Does Schlatter Industries AG's (VTX:STRN) P/E Ratio Signal A Buying Opportunity?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Schlatter Industries has a price to earnings ratio of 12.47, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio

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Are Schlatter Industries AG’s (VTX:STRN) Returns On Investment Worth Your While?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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Does Schlatter Industries AG's (VTX:STRN) CEO Pay Reflect Performance?

Werner Schmidli has been the CEO of Schlatter Industries AG (VTX:STRN) since 2012. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Werner Schmidli's Compensation Compare With Similar Sized Companies?

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Schlatter Industries AG (VTX:STRN) Has A ROE Of 13%

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Schlatter Industries has a return on equity of 13% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Read This Before You Buy Schlatter Industries AG (VTX:STRN) Because Of Its P/E Ratio

We'll show how you can use Schlatter Industries AG's (VTX:STRN) P/E ratio to inform your assessment of the investment opportunity. … Schlatter Industries has a P/E ratio of 13.27, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Does Schlatter Industries AG's (VTX:STRN) CEO Pay Reflect Performance?

In 2012 Werner Schmidli was appointed CEO of Schlatter Industries AG (VTX:STRN). … How Does Werner Schmidli's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Schlatter Industries AG has a market cap of CHF51m, and is paying total annual CEO compensation of CHF636k.

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Who Really Owns Schlatter Industries AG (VTX:STRN)?

A look at the shareholders of Schlatter Industries AG (VTX:STRN) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Taking a look at the our data on the ownership groups (below), it's seems that.

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Is Schlatter Industries AG's (SWX:STRN) PE Ratio A Signal To Buy For Investors?

and want to better understand how you can grow your money by investing in Schlatter Industries AG (SWX:STRN). … Schlatter Industries AG (SWX:STRN) is currently trading at a trailing P/E of 18x, which is lower than the industry average of 26.2x. … While STRN might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

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Who Owns Schlatter Industries AG (VTX:STRN)?

When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Although this doesn't necessarily lead to high short-term volatility, we should dig deeper into STRN's ownership structure to find how the remaining owner types can affect its investment profile. … Insider Ownership Another important group of shareholders are company insiders.

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Company Info

Description

Schlatter Industries AG, together with its subsidiaries, manufactures and sells welding systems and weaving machines for technical applications worldwide. The company operates through Welding and Weaving segments. It offers welding machines for reinforcing and industrial mesh, and industrial fences; wire straightening and cutting machines; MeshStudio, a three dimensional drawing program for welded wire mesh; wire butt welding machines; and flash butt welding machines for rails. The company also provides warp preparation machines; weaving machines for press fabrics, dryer fabrics, and industrial filters; finishing machines for forming, press, and dryer fabrics; wire weaving machines for metal wire fabrics; wire crimping machines for sieves and screens; and screen assembly machines for sieves and screens under the Jäger brand name. In addition, it offers used machinery; and training, field, and repair services, as well as spare parts. The company was formerly known as Schlatter Holding AG and changed its name to Schlatter Industries AG in January 2013. Schlatter Industries AG was founded in 1916 and is headquartered in Schlieren, Switzerland.

Details
Name: Schlatter Industries AG
STRN
Exchange: SWX
Founded: 1916
CHF44,850,982
1,104,704
Website: http://www.schlattergroup.com
Address: Schlatter Industries AG
Brandstrasse 24,
Schlieren,
Zurich, 8952,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX STRN Registered Shares SIX Swiss Exchange CH CHF 01. Jul 1998
LSE 0QM1 Registered Shares London Stock Exchange GB CHF 01. Jul 1998
Number of employees
Current staff
Staff numbers
373
Schlatter Industries employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 20:35
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/03/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.