Zehnder Group
Market Cap
CHF758.1m
Last Updated
2021/01/20 18:07 UTC
Data Sources
Company Financials +
Executive Summary
Zehnder Group AG, together with its subsidiaries, develops, produces, and markets indoor climate systems in Europe, North America, and China. More Details
Rewards
Risk Analysis
No risks detected for ZEHN from our risk checks.
Snowflake Analysis
Excellent balance sheet with proven track record.
Similar Companies
Share Price & News
How has Zehnder Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ZEHN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ZEHN's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-1.5%
ZEHN
-5.6%
CH Building
0.1%
CH Market
1 Year Return
40.3%
ZEHN
6.5%
CH Building
-1.0%
CH Market
Return vs Industry: ZEHN exceeded the Swiss Building industry which returned 6.5% over the past year.
Return vs Market: ZEHN exceeded the Swiss Market which returned -1% over the past year.
Shareholder returns
| ZEHN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -5.6% | 0.1% |
| 30 Day | 21.8% | 4.7% | 4.7% |
| 90 Day | 47.9% | 6.5% | 8.0% |
| 1 Year | 43.1%40.3% | 9.4%6.5% | 2.5%-1.0% |
| 3 Year | 55.6%47.1% | 19.8%10.9% | 19.7%4.6% |
| 5 Year | 99.6%83.2% | 65.2%46.2% | 50.5%25.7% |
Long-Term Price Volatility Vs. Market
How volatile is Zehnder Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Would Zehnder Group AG (VTX:ZEHN) Be Valuable To Income Investors?3 weeks ago | Simply Wall St
Do Institutions Own Zehnder Group AG (VTX:ZEHN) Shares?1 month ago | Simply Wall St
Is Zehnder Group AG's (VTX:ZEHN) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?Valuation
Is Zehnder Group undervalued compared to its fair value and its price relative to the market?
23.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ZEHN (CHF66.5) is trading above our estimate of fair value (CHF28.35)
Significantly Below Fair Value: ZEHN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ZEHN is good value based on its PE Ratio (23.7x) compared to the CH Building industry average (32.5x).
PE vs Market: ZEHN is good value based on its PE Ratio (23.7x) compared to the Swiss market (24x).
Price to Earnings Growth Ratio
PEG Ratio: ZEHN is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: ZEHN is good value based on its PB Ratio (2.5x) compared to the CH Building industry average (3.1x).
Next Steps
Future Growth
How is Zehnder Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ZEHN's forecast earnings growth (10.7% per year) is above the savings rate (-0.3%).
Earnings vs Market: ZEHN's earnings (10.7% per year) are forecast to grow slower than the Swiss market (13.1% per year).
High Growth Earnings: ZEHN's earnings are forecast to grow, but not significantly.
Revenue vs Market: ZEHN's revenue (3.4% per year) is forecast to grow slower than the Swiss market (4.6% per year).
High Growth Revenue: ZEHN's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZEHN's Return on Equity is forecast to be low in 3 years time (13.2%).
Next Steps
Past Performance
How has Zehnder Group performed over the past 5 years?
27.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZEHN has high quality earnings.
Growing Profit Margin: ZEHN's current net profit margins (4.9%) are higher than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: ZEHN's earnings have grown significantly by 27% per year over the past 5 years.
Accelerating Growth: ZEHN's earnings growth over the past year (20.5%) is below its 5-year average (27% per year).
Earnings vs Industry: ZEHN earnings growth over the past year (20.5%) exceeded the Building industry -4%.
Return on Equity
High ROE: ZEHN's Return on Equity (10.2%) is considered low.
Next Steps
Financial Health
How is Zehnder Group's financial position?
Financial Position Analysis
Short Term Liabilities: ZEHN's short term assets (€273.3M) exceed its short term liabilities (€140.1M).
Long Term Liabilities: ZEHN's short term assets (€273.3M) exceed its long term liabilities (€32.7M).
Debt to Equity History and Analysis
Debt Level: ZEHN's debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: ZEHN's debt to equity ratio has increased from 5.4% to 6% over the past 5 years.
Debt Coverage: ZEHN's debt is well covered by operating cash flow (447.6%).
Interest Coverage: ZEHN's interest payments on its debt are well covered by EBIT (15.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Zehnder Group current dividend yield, its reliability and sustainability?
1.49%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ZEHN's dividend (1.49%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.59%).
High Dividend: ZEHN's dividend (1.49%) is low compared to the top 25% of dividend payers in the Swiss market (3.79%).
Stability and Growth of Payments
Stable Dividend: ZEHN's dividend payments have been volatile in the past 10 years.
Growing Dividend: ZEHN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.3%), ZEHN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ZEHN's dividends in 3 years are forecast to be well covered by earnings (36.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Matthias Huenerwadel (52 yo)
2.17yrs
Tenure
€1,039,054
Compensation
Mr. Matthias P. Huenerwadel has been the Chairman of the Group Executive Committee and Chief Executive Officer of Zehnder Group AG since January 1, 2019 and November 12, 2018 respectively. Mr. Huenerwadel ...
CEO Compensation Analysis
Compensation vs Market: Matthias's total compensation ($USD1.26M) is about average for companies of similar size in the Swiss market ($USD1.20M).
Compensation vs Earnings: Insufficient data to compare Matthias's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Group Executive Committee & CEO | 2.17yrs | €1.04m | 0.050% € 377.0k | |
| Chief Financial Officer | 5.42yrs | no data | 0.13% € 960.7k | |
| Head of Internal Audit & Compliance | no data | no data | no data | |
| Head of Group Human Resources | no data | no data | no data | |
| Head of Group Finance | no data | no data | no data | |
| Head of Group IT | no data | no data | no data | |
| Head of Group Controlling | no data | no data | no data | |
| Head of Group Logistics | no data | no data | no data | |
| Head of Customer Excellence | no data | no data | no data | |
| Head of Group Reporting | no data | no data | no data | |
| Head of Competence Center Comfosystems | 1.75yrs | no data | 0.010% € 75.4k | |
| Head of the Competence Center Radiators | 0.67yr | no data | no data |
2.0yrs
Average Tenure
52yo
Average Age
Experienced Management: ZEHN's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 7.75yrs | €133.31k | 0.071% € 536.9k | |
| Chairman of the Board of Directors | 28yrs | €545.95k | 1.78% € 13.5m | |
| Director | 1.83yrs | €90.19k | no data | |
| Independent Non-Executive Director | 11yrs | €143.41k | 0.15% € 1.1m | |
| Independent Director | 5yrs | €299.32k | 0.056% € 424.5k | |
| Director | 5yrs | €97.46k | 0.041% € 308.7k |
6.4yrs
Average Tenure
59yo
Average Age
Experienced Board: ZEHN's board of directors are considered experienced (6.4 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
Zehnder Group AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Zehnder Group AG
- Ticker: ZEHN
- Exchange: SWX
- Founded: 1895
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: CHF758.134m
- Shares outstanding: 11.66m
- Website: https://www.zehndergroup.com
Number of Employees
Location
- Zehnder Group AG
- Moortalstrasse 1
- Granichen
- Aargau
- 5722
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ZEHN | SWX (SIX Swiss Exchange) | Yes | Registered Shares A Shares | CH | CHF | Jun 1994 |
| ZEH2 | DB (Deutsche Boerse AG) | Yes | Registered Shares A Shares | DE | EUR | Jun 1994 |
| ZEH2 | BST (Boerse-Stuttgart) | Yes | Registered Shares A Shares | DE | EUR | Jun 1994 |
| 0R6S | LSE (London Stock Exchange) | Yes | Registered Shares A Shares | GB | CHF | Jun 1994 |
Biography
Zehnder Group AG, together with its subsidiaries, develops, produces, and markets indoor climate systems in Europe, North America, and China. The company offers decorative radiators, heating and cooling ce...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 18:07 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.