Forbo Holding AG produces and sells floor coverings, building and construction adhesives, and power transmission and conveyor belt solutions in Switzerland and internationally. More Details
No risks detected for FORN from our risk checks.
Flawless balance sheet average dividend payer.
Share Price & News
How has Forbo Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FORN has not had significant price volatility in the past 3 months.
7 Day Return
CH Consumer Durables
1 Year Return
CH Consumer Durables
Return vs Industry: FORN exceeded the Swiss Consumer Durables industry which returned -6.2% over the past year.
Return vs Market: FORN underperformed the Swiss Market which returned 0.3% over the past year.
Price Volatility Vs. Market
How volatile is Forbo Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StWhat We Learned About Forbo Holding's (VTX:FORN) CEO Pay
2 weeks ago | Simply Wall StShould You Be Impressed By Forbo Holding's (VTX:FORN) Returns on Capital?
4 weeks ago | Simply Wall StCan You Imagine How Forbo Holding's (VTX:FORN) Shareholders Feel About The 36% Share Price Increase?
Is Forbo Holding undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FORN (CHF1456) is trading above our estimate of fair value (CHF1328.43)
Significantly Below Fair Value: FORN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FORN is poor value based on its PE Ratio (21.4x) compared to the XE Consumer Durables industry average (14.3x).
PE vs Market: FORN is good value based on its PE Ratio (21.4x) compared to the Swiss market (21.6x).
Price to Earnings Growth Ratio
PEG Ratio: FORN is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: FORN is overvalued based on its PB Ratio (3.6x) compared to the XE Consumer Durables industry average (1.4x).
How is Forbo Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FORN's forecast earnings growth (15.6% per year) is above the savings rate (-0.2%).
Earnings vs Market: FORN's earnings (15.6% per year) are forecast to grow faster than the Swiss market (11% per year).
High Growth Earnings: FORN's earnings are forecast to grow, but not significantly.
Revenue vs Market: FORN's revenue (4.1% per year) is forecast to grow slower than the Swiss market (4.5% per year).
High Growth Revenue: FORN's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FORN's Return on Equity is forecast to be low in 3 years time (17%).
How has Forbo Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FORN has high quality earnings.
Growing Profit Margin: FORN's current net profit margins (9.3%) are lower than last year (10.7%).
Past Earnings Growth Analysis
Earnings Trend: FORN's earnings have grown by 5% per year over the past 5 years.
Accelerating Growth: FORN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FORN had negative earnings growth (-22.3%) over the past year, making it difficult to compare to the Consumer Durables industry average (-22.3%).
Return on Equity
High ROE: FORN's Return on Equity (17%) is considered low.
How is Forbo Holding's financial position?
Financial Position Analysis
Short Term Liabilities: FORN's short term assets (CHF626.8M) exceed its short term liabilities (CHF251.2M).
Long Term Liabilities: FORN's short term assets (CHF626.8M) exceed its long term liabilities (CHF163.0M).
Debt to Equity History and Analysis
Debt Level: FORN is debt free.
Reducing Debt: FORN has no debt compared to 5 years ago when its debt to equity ratio was 0.03%.
Debt Coverage: FORN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FORN has no debt, therefore coverage of interest payments is not a concern.
What is Forbo Holding current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FORN's dividend (1.58%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.96%).
High Dividend: FORN's dividend (1.58%) is low compared to the top 25% of dividend payers in the Swiss market (3.75%).
Stability and Growth of Payments
Stable Dividend: FORN's dividends per share have been stable in the past 10 years.
Growing Dividend: FORN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.8%), FORN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FORN's dividends in 3 years are forecast to be well covered by earnings (29.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stephan Bauer (59 yo)
Mr. Stephan Bauer has been the Chief Executive Officer of Forbo International SA since January 2014 and serves as its Member of Executive Board. Mr. Bauer has been Chairman of the Executive Board and Chief ...
CEO Compensation Analysis
Compensation vs Market: Stephan's total compensation ($USD978.61K) is below average for companies of similar size in the Swiss market ($USD1.95M).
Compensation vs Earnings: Stephan's compensation has been consistent with company performance over the past year.
|Executive Chairman||6.5yrs||CHF3.01m||2.41% |
|Chairman of the Executive Board & CEO||6.75yrs||CHF887.44k||0.17% |
|CFO & Member of Executive Board||3.75yrs||no data||0.012% |
|Executive VP of Flooring Systems & Member of Executive Board||7.75yrs||no data||0.0084% |
|Executive VP of Movement Systems & Member of Executive Board||2.75yrs||no data||0.0025% |
|Head of Corporate Development & Investor Relations||no data||no data||no data|
|Head of Corporate Communications||no data||no data||no data|
|Secretary of the Board||no data||no data||no data|
Experienced Management: FORN's management team is seasoned and experienced (5.3 years average tenure).
|Executive Chairman||6.5yrs||CHF3.01m||2.41% |
|Independent Non Executive Vice Chairman||15.58yrs||CHF157.58k||30.4% |
|Independent Non Executive Vice Chairman||no data||CHF203.47k||0.084% |
|Non-Executive Director||11.5yrs||CHF164.92k||0.060% |
|Non-Executive Director||9.5yrs||CHF140.50k||0.042% |
|Independent Non Executive Director||6.5yrs||CHF142.98k||0.015% |
Experienced Board: FORN's board of directors are considered experienced (9.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Forbo Holding AG's company bio, employee growth, exchange listings and data sources
- Name: Forbo Holding AG
- Ticker: FORN
- Exchange: SWX
- Founded: 1928
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: CHF2.322b
- Shares outstanding: 1.60m
- Website: https://www.forbo.com
Number of Employees
- Forbo Holding AG
- Lindenstrasse 8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FBOH.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Aug 1986|
|FOZN||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Aug 1986|
|FORN||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Aug 1986|
|0QKD||LSE (London Stock Exchange)||Yes||Registered Shares||GB||CHF||Aug 1986|
|FORNE||SWX (SIX Swiss Exchange)||CHF0.10 NO.2 LINE||CH||CHF||Apr 2012|
|FBOH.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2013|
Forbo Holding AG produces and sells floor coverings, building and construction adhesives, and power transmission and conveyor belt solutions in Switzerland and internationally. The company operates through ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/22 21:31|
|End of Day Share Price||2020/10/22 00:00|
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.