How does ZEHNE's PE Ratio compare to its peers?

ZEHNE is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (43.9x).

How does ZEHNE's PE Ratio compare vs other companies in the European Building Industry?

ZEHNE is good value based on its Price-To-Earnings Ratio (11.6x) compared to the European Building industry average (14.9x).

What is ZEHNE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ZEHNE is good value based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

What is the Fair Price of ZEHNE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ZEHNE (CHF54.6) is trading below our estimate of [[fair value]] (CHF88.54)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

This company listing is no longer active

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ZEHNE Stock Overview

Develops, manufactures, and sells indoor climate systems in Europe, North America, and China. More details

ZEHNE fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 38.3% below our estimate of its fair value

Earnings are forecast to grow 6.74% per year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Zehnder Group AG Competitors

Arbonia

SWX:ARBN

CHF 776.4m

Meier Tobler Group

SWX:MTG

CHF 318.9m

Schweiter Technologies

SWX:SWTQ

CHF 591.3m

Forbo Holding

SWX:FORN

CHF 1.1b

Price History & Performance

Summary of share price highs, lows and changes for Zehnder Group
Historical stock prices
Current Share Price	CHF 54.60
52 Week High	CHF 78.20
52 Week Low	CHF 50.10
Beta	1.08
1 Month Change	-5.37%
3 Month Change	-22.33%
1 Year Change	5.61%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-30.27%

Recent updates

Shareholder Returns

	ZEHNE	CH Building	CH Market
7D	-1.3%	0.4%	1.0%
1Y	5.6%	3.4%	2.6%

Return vs Industry: ZEHNE underperformed the Swiss Building industry which returned 8.5% over the past year.

Return vs Market: ZEHNE matched the Swiss Market which returned 6.1% over the past year.

Price Volatility

Is ZEHNE's price volatile compared to industry and market?
ZEHNE volatility
ZEHNE Average Weekly Movement	3.4%
Building Industry Average Movement	3.4%
Market Average Movement	3.3%
10% most volatile stocks in CH Market	7.6%
10% least volatile stocks in CH Market	1.6%

Stable Share Price: ZEHNE's share price has been volatile over the past 3 months.

Volatility Over Time: ZEHNE's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1895	3,865	Matthias Huenerwadel	www.zehndergroup.com

Zehnder Group AG, together with its subsidiaries, develops, manufactures, and sells indoor climate systems in Europe, North America, and China. The company offers decorative radiators, heating and cooling ceiling systems, indoor ventilation systems, heat exchangers, and clean air systems under the Zehnder, Acova, Greenwood, Paul, Core, and Enervent brands. Its products have applications in production halls and warehouses, exhibition rooms and showrooms, sports halls, offices, schools, hospitals, detached houses, and apartments.

Zehnder Group AG Fundamentals Summary

How do Zehnder Group's earnings and revenue compare to its market cap?
ZEHNE fundamental statistics
Market cap	CHF 603.21m
Earnings (TTM)	CHF 52.07m
Revenue (TTM)	CHF 793.21m

11.6x

P/E Ratio

0.8x

P/S Ratio

Is ZEHNE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ZEHNE income statement (TTM)
Revenue	€822.60m
Cost of Revenue	€323.60m
Gross Profit	€499.00m
Other Expenses	€445.00m
Earnings	€54.00m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

Feb 28, 2024

Earnings per share (EPS)	4.77
Gross Margin	60.66%
Net Profit Margin	6.56%
Debt/Equity Ratio	8.4%

How did ZEHNE perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

38%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/09/22 10:09
End of Day Share Price	2023/09/20 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Zehnder Group AG is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Patrick Appenzeller	Baader Helvea Equity Research
Carla Bänziger	Bank Vontobel AG
Michael Heider	Berenberg