SWX:CALN

Stock Analysis Report

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Executive Summary

CALIDA Holding AG engages in apparel business in France, Germany, Switzerland, other Europe, Asia, the United States, and internationally. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has CALIDA Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CALN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.7%

CALN

0.6%

CH Luxury

1.1%

CH Market


1 Year Return

-4.6%

CALN

2.7%

CH Luxury

4.4%

CH Market

Return vs Industry: CALN underperformed the Swiss Luxury industry which returned 2.7% over the past year.

Return vs Market: CALN underperformed the Swiss Market which returned 4.4% over the past year.


Shareholder returns

CALNIndustryMarket
7 Day4.7%0.6%1.1%
30 Day4.0%8.7%2.8%
90 Day-5.6%7.2%4.3%
1 Year-4.6%-4.6%4.5%2.7%8.0%4.4%
3 Year-13.8%-17.7%43.8%35.3%23.0%8.1%
5 Year-6.1%-14.4%105.7%86.1%46.2%21.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is CALIDA Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CALN (CHF28.8) is trading below our estimate of fair value (CHF209.3)

Significantly Below Fair Value: CALN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CALN is poor value based on its PE Ratio (67.5x) compared to the XE Luxury industry average (28.4x).

PE vs Market: CALN is poor value based on its PE Ratio (67.5x) compared to the Swiss market (22.8x).


Price to Earnings Growth Ratio

PEG Ratio: CALN is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: CALN is overvalued based on its PB Ratio (1.5x) compared to the XE Luxury industry average (1.2x).


Next Steps

Future Growth

How is CALIDA Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

74.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CALN's forecast earnings growth (74.1% per year) is above the savings rate (-0.2%).

Earnings vs Market: CALN's earnings (74.1% per year) are forecast to grow faster than the Swiss market (10.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CALN's revenue is expected to decline over the next 3 years (-1.5% per year).

High Growth Revenue: CALN's revenue is forecast to decline over the next 3 years (-1.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CALN's Return on Equity is forecast to be low in 3 years time (6.9%).


Next Steps

Past Performance

How has CALIDA Holding performed over the past 5 years?

-7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CALN has a large one-off loss of CHF12.7M impacting its June 30 2020 financial results.

Growing Profit Margin: CALN's current net profit margins (0.9%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: CALN's earnings have declined by 7.8% per year over the past 5 years.

Accelerating Growth: CALN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CALN had negative earnings growth (-77.3%) over the past year, making it difficult to compare to the Luxury industry average (-24.2%).


Return on Equity

High ROE: CALN's Return on Equity (1.8%) is considered low.


Next Steps

Financial Health

How is CALIDA Holding's financial position?


Financial Position Analysis

Short Term Liabilities: CALN's short term assets (CHF197.7M) exceed its short term liabilities (CHF135.3M).

Long Term Liabilities: CALN's short term assets (CHF197.7M) exceed its long term liabilities (CHF61.3M).


Debt to Equity History and Analysis

Debt Level: CALN's debt to equity ratio (26.4%) is considered satisfactory.

Reducing Debt: CALN's debt to equity ratio has increased from 12.4% to 26.4% over the past 5 years.

Debt Coverage: CALN's debt is well covered by operating cash flow (121.7%).

Interest Coverage: CALN's interest payments on its debt are well covered by EBIT (32x coverage).


Balance Sheet


Next Steps

Dividend

What is CALIDA Holding current dividend yield, its reliability and sustainability?

2.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CALN's dividend (2.78%) is higher than the bottom 25% of dividend payers in the Swiss market (1.91%).

High Dividend: CALN's dividend (2.78%) is low compared to the top 25% of dividend payers in the Swiss market (3.71%).


Stability and Growth of Payments

Stable Dividend: CALN's dividends per share have been stable in the past 10 years.

Growing Dividend: CALN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (187.4%), CALN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CALN's dividends in 3 years are forecast to be covered by earnings (56.6% payout ratio).


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Reiner Pichler (58 yo)

4.42yrs

Tenure

CHF1,576,000

Compensation

Mr. Reiner Pichler has been the Chief Executive Officer and President of Lafuma SA since April 1, 2016 and serves as Director and chairman since April 1, 2016. Mr. Pichler has been Chief Executive Officer ...


CEO Compensation Analysis

Compensation vs Market: Reiner's total compensation ($USD1.73M) is above average for companies of similar size in the Swiss market ($USD781.41K).

Compensation vs Earnings: Reiner's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Reiner Pichler
Chief Executive Officer4.42yrsCHF1.58m0.056%
CHF 132.5k
Sacha Gerber
Chief Financial Officer2yrsno data0.018%
CHF 43.2k
Daniel Gemperle
Chief Operating Officer9.67yrsno datano data
Manuela Ottiger
Chief Human Resource Officerno datano datano data
Christine Plazanet
Head of General Management13.67yrsno datano data
Stefan Mues
Chief Digital Officer1.67yrsno datano data

4.4yrs

Average Tenure

53.5yo

Average Age

Experienced Management: CALN's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marco Gadola
Vice Chairman of the Board6.33yrsCHF164.00k0.11%
CHF 253.4k
Erich Kellenberger
Directorno dataCHF65.00kno data
Gregor Greber
Directorno datano datano data
Hans-Kristian Hoejsgaard
Chairman of the Boardno dataCHF100.00k0.012%
CHF 28.8k
Stefan Portmann
Director4.42yrsCHF72.00k0.078%
CHF 184.3k
Nathalie Gaveau
Director2.33yrsCHF75.00kno data
Lukas Morscher
Director1.67yrsCHF90.00kno data

3.4yrs

Average Tenure

57yo

Average Age

Experienced Board: CALN's board of directors are considered experienced (3.4 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

CALIDA Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CALIDA Holding AG
  • Ticker: CALN
  • Exchange: SWX
  • Founded: 1941
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: CHF237.375m
  • Shares outstanding: 8.24m
  • Website: https://www.calidagroup.com

Number of Employees


Location

  • CALIDA Holding AG
  • Bahnstrasse
  • Oberkirch
  • Sursee
  • Lucerne
  • 6208
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CALNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJun 1998
0QP3LSE (London Stock Exchange)YesRegistered SharesGBCHFJun 1998
C7UADB (Deutsche Boerse AG)YesRegistered SharesDEEURJun 1998

Biography

CALIDA Holding AG engages in apparel business in France, Germany, Switzerland, other Europe, Asia, the United States, and internationally. The company operates through five segments: CALIDA, AUBADE, LAFUMA ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/21 04:26
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.