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Market Cap

CHF8.2b

Last Updated

2021/04/16 17:20 UTC

Data Sources

Company Financials +

Executive Summary

VAT Group AG, together with its subsidiaries, develops, manufactures, and supplies vacuum valves in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet.


Similar Companies

Share Price & News

How has VAT Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VACN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VACN's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.6%

VACN

0.6%

CH Machinery

1.8%

CH Market


1 Year Return

79.1%

VACN

46.1%

CH Machinery

35.7%

CH Market

Return vs Industry: VACN exceeded the Swiss Machinery industry which returned 51.6% over the past year.

Return vs Market: VACN exceeded the Swiss Market which returned 21.9% over the past year.


Shareholder returns

VACNIndustryMarket
7 Day-2.6%0.6%1.8%
30 Day9.1%4.5%5.1%
90 Day11.9%14.8%9.4%
1 Year83.8%79.1%49.1%46.1%40.2%35.7%
3 Year94.7%78.4%29.5%19.2%37.9%23.0%
5 Year473.5%408.9%89.8%67.8%70.7%39.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is VAT Group undervalued compared to its fair value and its price relative to the market?

61.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VACN (CHF268.2) is trading above our estimate of fair value (CHF187.05)

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


Price To Earnings Ratio

PE vs Industry: VACN is poor value based on its PE Ratio (60.3x) compared to the CH Machinery industry average (37.7x).

PE vs Market: VACN is poor value based on its PE Ratio (60.3x) compared to the Swiss market (25x).


Price to Earnings Growth Ratio

PEG Ratio: VACN is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: VACN is overvalued based on its PB Ratio (14.5x) compared to the CH Machinery industry average (2.7x).


Future Growth

How is VAT Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

16.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VACN's forecast earnings growth (16.5% per year) is above the savings rate (-0.3%).

Earnings vs Market: VACN's earnings (16.5% per year) are forecast to grow faster than the Swiss market (13.6% per year).

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

Revenue vs Market: VACN's revenue (10.3% per year) is forecast to grow faster than the Swiss market (4.6% per year).

High Growth Revenue: VACN's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VACN's Return on Equity is forecast to be high in 3 years time (31.7%)


Past Performance

How has VAT Group performed over the past 5 years?

17.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VACN has high quality earnings.

Growing Profit Margin: VACN's current net profit margins (19.3%) are higher than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: VACN's earnings have grown by 17.2% per year over the past 5 years.

Accelerating Growth: VACN's earnings growth over the past year (78%) exceeds its 5-year average (17.2% per year).

Earnings vs Industry: VACN earnings growth over the past year (78%) exceeded the Machinery industry -10.3%.


Return on Equity

High ROE: VACN's Return on Equity (24%) is considered high.


Financial Health

How is VAT Group's financial position?


Financial Position Analysis

Short Term Liabilities: VACN's short term assets (CHF346.2M) exceed its short term liabilities (CHF168.0M).

Long Term Liabilities: VACN's short term assets (CHF346.2M) exceed its long term liabilities (CHF278.2M).


Debt to Equity History and Analysis

Debt Level: VACN's debt to equity ratio (46.5%) is considered high.

Reducing Debt: VACN's debt to equity ratio has reduced from 1194.4% to 46.5% over the past 5 years.

Debt Coverage: VACN's debt is well covered by operating cash flow (66.9%).

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


Balance Sheet


Dividend

What is VAT Group current dividend yield, its reliability and sustainability?

1.64%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 17 2021Ex Dividend DateMay 20 2021Dividend Pay DateMay 25 20215 days from Ex DividendBuy in the next 33 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: VACN's dividend (1.68%) is higher than the bottom 25% of dividend payers in the Swiss market (1.5%).

High Dividend: VACN's dividend (1.68%) is low compared to the top 25% of dividend payers in the Swiss market (3.51%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, VACN has been paying a dividend for less than 10 years.

Growing Dividend: VACN's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (101.1%), VACN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VACN's dividends in 3 years are forecast to be covered by earnings (79.5% payout ratio).


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Mike Allison (58 yo)

3.08yrs

Tenure

CHF1,383,055

Compensation

Mr. Michael Allison, also known as Mike, was Interim Chief Operating Officer at VAT Group AG from July 31, 2019 to October 01, 2020. Mr. Allison has been Chief Executive Officer of VAT Group AG since March...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD1.50M) is about average for companies of similar size in the Swiss market ($USD2.09M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: VACN's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: VACN's board of directors are considered experienced (3.9 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

VAT Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VAT Group AG
  • Ticker: VACN
  • Exchange: SWX
  • Founded: 1965
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CHF8.241b
  • Shares outstanding: 29.99m
  • Website: https://www.vatvalve.com

Number of Employees


Location

  • VAT Group AG
  • Seelistrasse 1
  • Haag
  • Sennwald
  • St. Gallen
  • 9469
  • Switzerland

Listings


Biography

VAT Group AG, together with its subsidiaries, develops, manufactures, and supplies vacuum valves in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and interna...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 17:20
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.