VAT Group
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
Rewards
Risk Analysis
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
| VACN | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | 0.6% | 1.8% |
| 30 Day | 9.1% | 4.5% | 5.1% |
| 90 Day | 11.9% | 14.8% | 9.4% |
| 1 Year | 83.8%79.1% | 49.1%46.1% | 40.2%35.7% |
| 3 Year | 94.7%78.4% | 29.5%19.2% | 37.9%23.0% |
| 5 Year | 473.5%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
1 week ago | Simply Wall St
These 4 Measures Indicate That VAT Group (VTX:VACN) Is Using Debt Safely3 weeks ago | Simply Wall St
Is VAT Group AG (VTX:VACN) Popular Amongst Insiders?1 month ago | Simply Wall St
VAT Group AG (VTX:VACN) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This YearValuation
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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/16 17:20 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.