Tornos Holding AG, together with its subsidiaries, engages in the development, manufacture, marketing, sale, and servicing of machines and related spare parts worldwide.
+ 1 more risk
Undervalued with adequate balance sheet.
Share Price & News
How has Tornos Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TOHN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TOHN underperformed the Swiss Machinery industry which returned 1.8% over the past year.
Return vs Market: TOHN underperformed the Swiss Market which returned 3.8% over the past year.
Price Volatility Vs. Market
How volatile is Tornos Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StHow Does Tornos Holding's (VTX:TOHN) P/E Compare To Its Industry, After Its Big Share Price Gain?
3 days ago | Simply Wall StWhat Type Of Shareholder Owns Tornos Holding AG's (VTX:TOHN)?
2 weeks ago | Simply Wall StWhy Tornos Holding AG's (VTX:TOHN) CEO Pay Matters To You
Is Tornos Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TOHN (CHF5.33) is trading below our estimate of fair value (CHF10.89)
Significantly Below Fair Value: TOHN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TOHN is good value based on its PE Ratio (17.2x) compared to the Machinery industry average (19.5x).
PE vs Market: TOHN is good value based on its PE Ratio (17.2x) compared to the Swiss market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: TOHN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TOHN is good value based on its PB Ratio (1x) compared to the CH Machinery industry average (2.1x).
How is Tornos Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TOHN's earnings are forecast to decline over the next 3 years (-15.3% per year).
Earnings vs Market: TOHN's earnings are forecast to decline over the next 3 years (-15.3% per year).
High Growth Earnings: TOHN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TOHN's revenue (0.7% per year) is forecast to grow slower than the Swiss market (2.4% per year).
High Growth Revenue: TOHN's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TOHN's Return on Equity is forecast to be low in 3 years time (2.9%).
How has Tornos Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TOHN has a high level of non-cash earnings.
Growing Profit Margin: TOHN's current net profit margins (2.9%) are lower than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: TOHN has become profitable over the past 5 years, growing earnings by 55.8% per year.
Accelerating Growth: TOHN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TOHN had negative earnings growth (-60.2%) over the past year, making it difficult to compare to the Machinery industry average (0.5%).
Return on Equity
High ROE: TOHN's Return on Equity (5.5%) is considered low.
How is Tornos Holding's financial position?
Financial Position Analysis
Short Term Liabilities: TOHN's short term assets (CHF138.9M) exceed its short term liabilities (CHF57.4M).
Long Term Liabilities: TOHN's short term assets (CHF138.9M) exceed its long term liabilities (CHF2.3M).
Debt to Equity History and Analysis
Debt Level: TOHN's debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: TOHN's debt to equity ratio has increased from 0.5% to 13.9% over the past 5 years.
Debt Coverage: TOHN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TOHN's interest payments on its debt are well covered by EBIT (110.1x coverage).
What is Tornos Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TOHN's dividend (5.25%) is higher than the bottom 25% of dividend payers in the Swiss market (1.94%).
High Dividend: TOHN's dividend (5.25%) is in the top 25% of dividend payers in the Swiss market (3.84%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TOHN has been paying a dividend for less than 10 years.
Growing Dividend: TOHN's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90.6%), TOHN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Hauser (58yo)
Mr. Michael Hauser has been the Chief Executive Officer of Tornos Holding AG since September 1, 2011. Mr. Hauser served as Head of GF AgieCharmilles of Georg Fischer AG from August 31, 2008 to August 2010. ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD791.08K) is above average for companies of similar size in the Swiss market ($USD537.11K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||8.75yrs||CHF761.00k||0.46% CHF478.7k|
|CFO & Secretary to the Board of Directors||5.42yrs||no data||0.051% CHF53.3k|
|Head of Sales & Marketing||7.42yrs||no data||0.074% CHF77.3k|
|Head of Global Supply Chain Management||5.42yrs||no data||0.25% CHF266.5k|
Experienced Management: TOHN's management team is seasoned and experienced (6.4 years average tenure).
|Independent Non-Executive Director||6.42yrs||CHF100.00k||48.8% CHF51.0m|
|Independent Chairman||no data||CHF192.00k||1.06% CHF1.1m|
|Independent Non-Executive Director||18.42yrs||CHF103.00k||14.55% CHF15.2m|
|Independent Director||1.17yrs||CHF67.00k||no data|
Experienced Board: TOHN's board of directors are considered experienced (6.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tornos Holding AG's company bio, employee growth, exchange listings and data sources
- Name: Tornos Holding AG
- Ticker: TOHN
- Exchange: SWX
- Founded: 1914
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: CHF104.539m
- Shares outstanding: 19.61m
- Website: https://www.tornos.com
Number of Employees
- Tornos Holding AG
- Rue Industrielle 111
- PO Box 960
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TOHN||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Mar 2001|
|TNSN||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Mar 2001|
|0QK0||LSE (London Stock Exchange)||Yes||Registered Shares||GB||CHF||Mar 2001|
Tornos Holding AG, together with its subsidiaries, engages in the development, manufacture, marketing, sale, and servicing of machines and related spare parts worldwide. The company manufactures Swiss-type automatic lathes, multispindle machines, milling products, and bar feeders, as well as machine communication and programming software. It also provides various services, such as handling and programming, preventive maintenance, and online fault reporting services; spare parts; machine overhaul, updation, and upgradation, as well as used equipment; and training services. The company serves automotive, micromechanics, electronic, and medical and dental industries. Tornos Holding AG was founded in 1914 and is based in Moutier, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 21:20|
|End of Day Share Price||2020/06/04 00:00|
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.