SWX:STRN

Stock Analysis Report

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Executive Summary

Schlatter Industries AG, together with its subsidiaries, manufactures and sells welding systems and weaving machines worldwide.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Schlatter Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.4%

STRN

3.4%

CH Machinery

0.7%

CH Market


1 Year Return

-29.1%

STRN

5.0%

CH Machinery

4.1%

CH Market

Return vs Industry: STRN underperformed the Swiss Machinery industry which returned 4.2% over the past year.

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


Shareholder returns

STRNIndustryMarket
7 Day-1.4%3.4%0.7%
30 Day0.7%9.4%5.1%
90 Day5.8%12.5%7.8%
1 Year-29.1%-29.1%8.8%5.0%7.7%4.1%
3 Year-37.9%-37.9%8.1%-0.7%21.3%8.7%
5 Year-22.3%-22.3%48.6%28.4%29.2%7.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Schlatter Industries undervalued compared to its fair value and its price relative to the market?

62.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate STRN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate STRN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: STRN is poor value based on its PE Ratio (62.9x) compared to the CH Machinery industry average (19.9x).

PE vs Market: STRN is poor value based on its PE Ratio (62.9x) compared to the Swiss market (19x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: STRN is good value based on its PB Ratio (1.1x) compared to the CH Machinery industry average (2.1x).


Next Steps

Future Growth

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

17.5%

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 Schlatter Industries 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 Schlatter Industries performed over the past 5 years?

55.3%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: STRN's current net profit margins (0.5%) are lower than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: STRN has become profitable over the past 5 years, growing earnings by 55.3% per year.

Accelerating Growth: STRN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: STRN had negative earnings growth (-86.2%) over the past year, making it difficult to compare to the Machinery industry average (-0.4%).


Return on Equity

High ROE: STRN's Return on Equity (1.8%) is considered low.


Next Steps

Financial Health

How is Schlatter Industries's financial position?


Financial Position Analysis

Short Term Liabilities: STRN's short term assets (CHF39.6M) exceed its short term liabilities (CHF18.9M).

Long Term Liabilities: STRN's short term assets (CHF39.6M) exceed its long term liabilities (CHF10.1M).


Debt to Equity History and Analysis

Debt Level: STRN's debt to equity ratio (27.9%) is considered satisfactory.

Reducing Debt: STRN's debt to equity ratio has reduced from 80.2% to 27.9% over the past 5 years.

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

Interest Coverage: STRN's interest payments on its debt are well covered by EBIT (16x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate STRN'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 STRN's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of STRN'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?

8.2yrs

Average management tenure


CEO

Werner Schmidli (55yo)

8.17yrs

Tenure

CHF438,036

Compensation

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  ...


CEO Compensation Analysis

Compensation vs Market: Werner's total compensation ($USD465.96K) is about average for companies of similar size in the Swiss market ($USD540.26K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Werner Schmidli
CEO & Member of Management Board8.17yrsCHF438.04kno data
Reto Stettler
CFO & Member of Management Board8.17yrsno datano data
Daniel Zappa
Head of Sales & Service and Member of Management Boardno datano datano data
Beat Huber
Head of Research & Development and Member of Management Boardno datano datano data
Roland Kasper
Head of Operations & Member of Management Boardno datano datano data
Harald Reich
Managing Director of Deutschland3.5yrsno datano data

8.2yrs

Average Tenure

50.5yo

Average Age

Experienced Management: STRN's management team is seasoned and experienced (8.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Zumbühl
President of the Board8.17yrsCHF138.57kno data
Michael Hauser
Vice President of the Board4.17yrsCHF69.28kno data
Ruedi Huber
Director10.17yrsCHF69.28kno data

8.2yrs

Average Tenure

60yo

Average Age

Experienced Board: STRN's board of directors are considered experienced (8.2 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

Schlatter Industries AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Schlatter Industries AG
  • Ticker: STRN
  • Exchange: SWX
  • Founded: 1916
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CHF32.257m
  • Shares outstanding: 1.10m
  • Website: https://www.schlattergroup.com

Number of Employees


Location

  • Schlatter Industries AG
  • Brandstrasse 24
  • Schlieren
  • Zurich
  • 8952
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STRNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJul 1998
0QM1LSE (London Stock Exchange)YesRegistered SharesGBCHFJul 1998

Biography

Schlatter Industries AG, together with its subsidiaries, manufactures and sells welding systems and weaving machines worldwide. 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 based in Schlieren, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 20:58
End of Day Share Price2020/07/13 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.