New Risk • Apr 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CHF15.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Luxury industry in Europe. Total loss to shareholders of 59% over the past three years. Upcoming Dividend • Apr 14
Upcoming dividend of CHF0.25 per share Eligible shareholders must have bought the stock before 21 April 2026. Payment date: 23 April 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (2.1%). Announcement • Mar 27
CALIDA Holding AG to Report First Half, 2026 Results on Jul 24, 2026 CALIDA Holding AG announced that they will report first half, 2026 results on Jul 24, 2026 Announcement • Mar 26
CALIDA Holding AG, Annual General Meeting, Apr 15, 2026 CALIDA Holding AG, Annual General Meeting, Apr 15, 2026, at 13:30 W. Europe Standard Time. Major Estimate Revision • Mar 24
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CHF1.18 to CHF1.30. Revenue forecast steady at CHF219.1m. Net income forecast to shrink 10% next year vs 23% growth forecast for Luxury industry in Switzerland . Consensus price target up from CHF18.00 to CHF20.00. Share price was steady at CHF12.24 over the past week. Price Target Changed • Mar 23
Price target increased by 14% to CHF20.00 Up from CHF17.50, the current price target is an average from 2 analysts. New target price is 61% above last closing price of CHF12.44. Stock is down 34% over the past year. The company is forecast to post earnings per share of CHF1.30 for next year compared to CHF1.02 last year. New Risk • Mar 04
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 02
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CHF1.02 (up from CHF0.062 in FY 2024). Revenue: CHF219.0m (down 5.2% from FY 2024). Net income: CHF7.08m (up CHF6.58m from FY 2024). Profit margin: 3.2% (up from 0.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 154%. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Declared Dividend • Mar 02
Dividend increased to CHF0.25 Dividend of CHF0.25 is 42% higher than last year. Ex-date: 21st April 2026 Payment date: 23rd April 2026 Dividend yield will be 1.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (8% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Feb 27
CALIDA Holding AG announces Annual dividend, payable on April 23, 2026 CALIDA Holding AG announced Annual dividend of CHF 0.2500 per share payable on April 23, 2026, ex-date on April 21, 2026 and record date on April 22, 2026. New Risk • Feb 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 28
First half 2025 earnings released: CHF0.29 loss per share (vs CHF0.12 loss in 1H 2024) First half 2025 results: CHF0.29 loss per share (further deteriorated from CHF0.12 loss in 1H 2024). Revenue: CHF103.4m (down 7.9% from 1H 2024). Net loss: CHF2.06m (loss widened 100% from 1H 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 16
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CHF0.658 to CHF0.565. Revenue forecast unchanged from CHF234.0m at last update. Net income forecast to grow 821% next year vs 15% growth forecast for Luxury industry in Switzerland. Consensus price target of CHF20.79 unchanged from last update. Share price was steady at CHF15.34 over the past week. New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Board Change • May 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Allan Kellenberger is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Apr 19
Price target decreased by 25% to CHF20.59 Down from CHF27.45, the current price target is provided by 1 analyst. New target price is 31% above last closing price of CHF15.70. Stock is down 41% over the past year. The company posted earnings per share of CHF0.062 last year. Announcement • Apr 17
CALIDA Holding AG to Report First Half, 2025 Results on Jul 24, 2025 CALIDA Holding AG announced that they will report first half, 2025 results on Jul 24, 2025 Upcoming Dividend • Apr 07
Upcoming dividend of CHF0.23 per share Eligible shareholders must have bought the stock before 14 April 2025. Payment date: 16 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.0%. Lower than top quartile of Swiss dividend payers (4.2%). Higher than average of industry peers (2.0%). Announcement • Mar 19
CALIDA Holding AG, Annual General Meeting, Apr 08, 2025 CALIDA Holding AG, Annual General Meeting, Apr 08, 2025, at 13:30 W. Europe Standard Time. Major Estimate Revision • Mar 16
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CHF245.8m to CHF232.5m. EPS estimate also fell from CHF1.24 per share to CHF0.70 per share. Net income forecast to grow 873% next year vs 14% growth forecast for Luxury industry in Switzerland. Consensus price target down from CHF29.50 to CHF28.00. Share price fell 2.9% to CHF21.65 over the past week. Price Target Changed • Mar 14
Price target decreased by 8.2% to CHF28.00 Down from CHF30.50, the current price target is an average from 2 analysts. New target price is 29% above last closing price of CHF21.65. Stock is down 23% over the past year. The company is forecast to post earnings per share of CHF1.27 for next year compared to CHF0.063 last year. Declared Dividend • Feb 24
Dividend reduced to CHF0.23 Dividend of CHF0.23 is 62% lower than last year. Ex-date: 14th April 2025 Payment date: 16th April 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Feb 24
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CHF0.063 (up from CHF5.32 loss in FY 2023). Revenue: CHF233.5m (down 23% from FY 2023). Net income: CHF495.0k (up CHF45.3m from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 85%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • Feb 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite being loss-making. New Risk • Sep 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 29
First half 2024 earnings released: CHF0.12 loss per share (vs CHF0.14 profit in 1H 2023) First half 2024 results: CHF0.12 loss per share (down from CHF0.14 profit in 1H 2023). Revenue: CHF112.2m (down 9.4% from 1H 2023). Net loss: CHF1.03m (down 185% from profit in 1H 2023). Revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Luxury industry in Europe are expected to grow by 7.7%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 24
Now 20% undervalued Over the last 90 days, the stock has risen 2.6% to CHF29.50. The fair value is estimated to be CHF37.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company became loss making. Board Change • May 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Gregor Greber is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Apr 29
Now 21% undervalued Over the last 90 days, the stock has risen 3.4% to CHF28.85. The fair value is estimated to be CHF36.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.1% to CHF28.55. The fair value is estimated to be CHF36.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company became loss making. Announcement • Apr 04
CALIDA Holding AG to Report First Half, 2024 Results on Jul 25, 2024 CALIDA Holding AG announced that they will report first half, 2024 results on Jul 25, 2024 Upcoming Dividend • Apr 03
Upcoming dividend of CHF0.60 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 12 April 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.1%. Lower than top quartile of Swiss dividend payers (3.9%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: CHF5.32 loss per share (down from CHF2.73 profit in FY 2022). Revenue: CHF304.4m (down 4.6% from FY 2022). Net loss: CHF44.8m (down 295% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 25
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CHF311.4m to CHF308.1m. EPS estimate also fell from CHF2.16 per share to CHF1.78 per share. Net income forecast to shrink 200% next year vs 12% growth forecast for Luxury industry in Switzerland . Consensus price target down from CHF35.00 to CHF32.50. Share price rose 5.4% to CHF29.25 over the past week. New Risk • Feb 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Dec 07
Price target decreased by 17% to CHF38.00 Down from CHF46.00, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CHF28.50. Stock is down 42% over the past year. The company is forecast to post a net loss per share of CHF5.32 compared to earnings per share of CHF2.59 last year. New Risk • Nov 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Major Estimate Revision • Sep 14
Consensus EPS estimates fall from profit to CHF1.68 loss The consensus outlook for fiscal year 2023 has been updated. Expected to report loss instead of -CHF1.68 instead of CHF0.495 per share profit previously forecast. Revenue forecast unchanged at CHF315.7m Luxury industry in Switzerland expected to see average net income growth of 8.7% next year. Consensus price target of CHF45.00 unchanged from last update. Share price was steady at CHF30.40 over the past week. Major Estimate Revision • Aug 20
Consensus EPS estimates fall by 75% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CHF1.96 to CHF0.495 per share. Revenue forecast steady at CHF316.3m. Net income forecast to shrink 50% next year vs 12% growth forecast for Luxury industry in Switzerland . Consensus price target down from CHF46.00 to CHF45.00. Share price fell 3.9% to CHF31.80 over the past week. Announcement • Aug 07
CALIDA Holding AG, Annual General Meeting, Apr 05, 2024 CALIDA Holding AG, Annual General Meeting, Apr 05, 2024. Announcement • Jul 28
CALIDA Holding AG to Report Fiscal Year 2023 Results on Feb 23, 2024 CALIDA Holding AG announced that they will report fiscal year 2023 results on Feb 23, 2024 Buying Opportunity • Jul 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CHF43.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Major Estimate Revision • Jul 23
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CHF1.12 to CHF0.87. Revenue forecast unchanged from CHF321.3m at last update. Net income forecast to shrink 108% next year vs 6.1% growth forecast for Luxury industry in Switzerland . Consensus price target down from CHF47.00 to CHF46.00. Share price was steady at CHF34.75 over the past week. Buying Opportunity • Jul 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be CHF43.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Major Estimate Revision • Jun 25
Consensus EPS estimates fall by 54% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF331.5m to CHF326.4m. EPS estimate also fell from CHF2.45 per share to CHF1.12 per share. Net income forecast to shrink 110% next year vs 7.1% growth forecast for Luxury industry in Switzerland . Consensus price target down from CHF55.00 to CHF47.00. Share price fell 3.6% to CHF34.80 over the past week. Price Target Changed • Jun 23
Price target decreased by 18% to CHF47.00 Down from CHF57.50, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CHF35.05. Stock is down 14% over the past year. The company is forecast to post earnings per share of CHF1.12 for next year compared to CHF2.59 last year. Major Estimate Revision • May 14
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CHF2.44 to CHF2.72. Revenue forecast unchanged at CHF344.0m. Net income forecast to shrink 2.0% next year vs 6.1% growth forecast for Luxury industry in Switzerland . Consensus price target of CHF57.50 unchanged from last update. Share price was steady at CHF40.95 over the past week. Board Change • May 04
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Chairman of the Board Felix Sulzberger was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 18
Upcoming dividend of CHF1.15 per share at 1.5% yield Eligible shareholders must have bought the stock before 25 April 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Swiss dividend payers (4.3%). Higher than average of industry peers (1.3%). Major Estimate Revision • Mar 28
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CHF2.67 to CHF2.30. Revenue forecast unchanged from CHF344.0m at last update. Net income forecast to shrink 2.0% next year vs 6.2% growth forecast for Luxury industry in Switzerland . Consensus price target of CHF57.50 unchanged from last update. Share price was steady at CHF43.00 over the past week. Major Estimate Revision • Mar 08
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CHF2.44 to CHF2.75. Revenue forecast unchanged at CHF344.0m. Net income forecast to grow 34% next year vs 5.6% growth forecast for Luxury industry in Switzerland. Consensus price target up from CHF56.00 to CHF57.50. Share price fell 2.3% to CHF43.75 over the past week. Price Target Changed • Feb 02
Price target decreased by 8.2% to CHF56.00 Down from CHF61.00, the current price target is an average from 2 analysts. New target price is 23% above last closing price of CHF45.40. Stock is down 8.3% over the past year. The company is forecast to post earnings per share of CHF3.13 for next year compared to CHF1.82 last year. Buying Opportunity • Dec 09
Now 20% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be CHF61.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 49% in the next 2 years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Laurence Bourdon-Tracol was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Sep 19
Price target decreased to CHF58.50 Down from CHF63.50, the current price target is an average from 2 analysts. New target price is 43% above last closing price of CHF41.00. Stock is down 11% over the past year. The company posted earnings per share of CHF1.82 last year. Announcement • Sep 19
Sacha D. Gerber, Chief Financial Officer of CALIDA Holding AG Executive Management, Decides to Take on A New Professional Challenge Outside the Group Sacha D. Gerber, Chief Financial Officer (CFO) and member of the CALIDA GROUP Executive Management, has decided to take on a new professional challenge outside the group. Sacha D. Gerber has been responsible for the financial management of the group since July 2018. The process to determine his successor will be initiated immediately. Sacha D. Gerber and the Executive Management will ensure a smooth handover over the next few months. Reported Earnings • Aug 03
First half 2022 earnings released: EPS: CHF1.57 (vs CHF1.54 in 1H 2021) First half 2022 results: EPS: CHF1.57 (up from CHF1.54 in 1H 2021). Revenue: CHF175.6m (up 12% from 1H 2021). Net income: CHF13.2m (up 3.3% from 1H 2021). Profit margin: 7.5% (down from 8.1% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.3%, compared to a 11% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 29
CALIDA Holding AG to Report Fiscal Year 2022 Results on Mar 03, 2023 CALIDA Holding AG announced that they will report fiscal year 2022 results on Mar 03, 2023 Announcement • Jul 25
CALIDA Holding AG, Annual General Meeting, Apr 19, 2023 CALIDA Holding AG, Annual General Meeting, Apr 19, 2023. Announcement • Jul 06
CALIDA Group Appoints Hanna Huber as Chief Information & Digital Officer The CALIDA GROUP appoints Dr. Hanna Huber as Chief Information & Digital Officer (CIDO) of the Group. She is expected to assume her position in January 2023. As CIDO, Hanna Huber will be responsible for the digital transformation as well as the sustainable digital development of all business areas of the CALIDA GROUP. The newly created position will bring the Group's IT business areas together under one umbrella in order to continue and further optimize the company's successful digitalization strategy. Hanna Huber brings many years of experience in the textile industry and E-Commerce and has successfully led various IT and technology teams over the past ten years, most recently as Group VP Technology Strategy & Governance at the Otto Group in Hamburg. In this role, she was responsible for the Group's technology strategy and, together with her team, helped to transform Otto into a leading technology company. Prior to this, Hanna Huber was Director Technology Operations at Zalando, where her responsibilities included the cross-team implementation of the technology strategy. Announcement • Jul 05
CALIDA Holding AG to Report First Half, 2022 Results on Jul 28, 2022 CALIDA Holding AG announced that they will report first half, 2022 results on Jul 28, 2022 Announcement • May 24
CALIDA Holding AG (SWX:CALN) completed the acquisition of Luemme, Inc. CALIDA Holding AG (SWX:CALN) agreed to acquire Luemme, Inc. from Valeria and Ugo Campello for $80 million on May 19, 2022. The CALIDA GROUP acquires a 100 percent stake in Cosabella for a total package of $80 million including earn out. Luemme, Inc., the family-owned business with its second-generation management employs approximately 50 people and generated sales in the United States of $29 million and an EBITDA of $4.8 million in 2021. The closing of the transaction is expected to take place in Q2 2022. This transaction is completely in line with the strategy ACCELERATE 2026 and highly accretive for all stakeholders.
CALIDA Holding AG (SWX:CALN) completed the acquisition of Luemme, Inc. on May 23, 2022. Announcement • May 20
CALIDA Holding AG (SWX:CALN) agreed to acquire Luemme, Inc. from Valeria and Ugo Campello for $80 million. CALIDA Holding AG (SWX:CALN) agreed to acquire Luemme, Inc. from Valeria and Ugo Campello for $80 million on May 19, 2022. The CALIDA GROUP acquires a 100 percent stake in Cosabella for a total package of $80 million including earn out. Luemme, Inc., the family-owned business with its second-generation management employs approximately 50 people and generated sales in the United States of $29 million and an EBITDA of $4.8 million in 2021. The closing of the transaction is expected to take place in Q2 2022. This transaction is completely in line with the strategy ACCELERATE 2026 and highly accretive for all stakeholders. Price Target Changed • Apr 27
Price target increased to CHF65.50 Up from CHF59.75, the current price target is an average from 2 analysts. New target price is 35% above last closing price of CHF48.60. Stock is up 31% over the past year. The company is forecast to post earnings per share of CHF2.15 for next year compared to CHF1.82 last year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Laurence Bourdon-Tracol was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 13
Upcoming dividend of CHF1.00 per share Eligible shareholders must have bought the stock before 20 April 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Swiss dividend payers (3.7%). Higher than average of industry peers (1.5%). Price Target Changed • Apr 07
Price target increased to CHF65.50 Up from CHF59.75, the current price target is an average from 2 analysts. New target price is 28% above last closing price of CHF51.00. Stock is up 37% over the past year. The company is forecast to post earnings per share of CHF2.15 for next year compared to CHF1.82 last year. Major Estimate Revision • Apr 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 forecast for profit of -CHF1.02 instead of a loss of CHF2.15 per share previously. Revenue forecast unchanged at CHF301.6m. Luxury industry in Switzerland expected to see average net income growth of 13% next year. Consensus price target reaffirmed at CHF59.75. Share price was steady at CHF52.00 over the past week. Buying Opportunity • Mar 24
Now 24% undervalued Over the last 90 days, the stock is up 9.7%. The fair value is estimated to be CHF68.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% per annum over the last 3 years. Earnings per share has declined by 3.6% per annum over the last 3 years. Reported Earnings • Mar 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CHF1.82 (up from CHF1.22 in FY 2020). Revenue: CHF298.4m (up 20% from FY 2020). Net income: CHF15.2m (up 51% from FY 2020). Profit margin: 5.1% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is expected to shrink by 1.9% compared to a 14% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Mar 06
CALIDA Holding AG Proposes Dividend for the Year 2021 The Board of Director of CALIDA Holding AG proposed to the Annual General Meeting of 14 April 2022 to increase the ordinary dividend by 25% to CHF 1.00 per share. Buying Opportunity • Mar 01
Now 21% undervalued Over the last 90 days, the stock is up 3.0%. The fair value is estimated to be CHF64.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% per annum over the last 3 years. Earnings per share has declined by 5.7% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 18% share price gain to CHF58.60, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 21x in the Luxury industry in Europe. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF63.60 per share. Price Target Changed • Feb 08
Price target increased to CHF59.75 Up from CHF52.50, the current price target is an average from 2 analysts. New target price is 9.8% above last closing price of CHF54.40. Stock is up 52% over the past year. The company is forecast to post earnings per share of CHF2.12 for next year compared to CHF0.76 last year. Major Estimate Revision • Nov 30
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from CHF320.2m to CHF287.7m. EPS estimate unchanged from CHF2.12 per share at last update. Luxury industry in Switzerland expected to see average net income growth of 12% next year. Consensus price target broadly unchanged at CHF53.50. Share price was steady at CHF50.60 over the past week. Announcement • Nov 25
CALIDA Holding AG Provides Earnings Guidance for the Year 2021 CALIDA Holding AG provided earnings guidance for the year 2021. For the period, the company expects net sales of approximately CHF 285 million, with an EBIT margin of approximately 8%. Executive Departure • Apr 15
Chief Executive Officer Reiner Pichler has left the company On the 12th of April, Reiner Pichler, was replaced as CEO by Timo Schmidt-Eisenhart after 5.0 years in the role. We don't have any record of a personal shareholding under Reiner's name. A total of 3 executives have left over the last 12 months. Under Reiner's leadership, the company delivered a total shareholder return of 18%. Upcoming Dividend • Apr 14
Upcoming dividend of CHF1.60 per share Eligible shareholders must have bought the stock before 21 April 2021. Payment date: 23 April 2021. Trailing yield: 2.1%. Lower than top quartile of Swiss dividend payers (3.5%). Higher than average of industry peers (1.0%). Is New 90 Day High Low • Mar 15
New 90-day high: CHF36.90 The company is up 23% from a price of CHF30.00 on 15 December 2020. Outperformed the Swiss market which is up 5.0% over the last 90 days. Exceeded the Luxury industry, which is up 11% over the same period. Analyst Estimate Surprise Post Earnings • Mar 08
Revenue beats expectations Revenue exceeded analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 1.7%, compared to a 18% growth forecast for the Luxury industry in Switzerland. Announcement • Mar 06
The Calida Group Appoints Timo Schmidt-Eisenhart as Chief Executive Officer, Effective on April 12, 2021 The CALIDA GROUP's new Chief Executive Officer, Timo Schmidt-Eisenhart, will take up the role on 12 April 2021. With his international experience in the clothing industry, as well as his expertise in digital transformation and strategic branding, he is ideally qualified to lead the CALIDA GROUP to future success. Is New 90 Day High Low • Jan 20
New 90-day high: CHF33.40 The company is up 21% from its price of CHF27.60 on 22 October 2020. The Swiss market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: CHF31.80 The company is up 10.0% from its price of CHF28.90 on 29 September 2020. The Swiss market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: CHF30.00 The company is up 8.0% from its price of CHF27.70 on 11 September 2020. The Swiss market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: CHF29.50 The company is up 6.0% from its price of CHF27.70 on 21 August 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 22% over the same period.