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LISN

Chocoladefabriken Lindt & Sprüngli SWX:LISN Stock Report

Last Price

CHF109.40k

Market Cap

CHF25.1b

7D

3.4%

1Y

4.9%

Updated

12 Aug, 2022

Data

Company Financials +
LISN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends4/6

LISN Stock Overview

Chocoladefabriken Lindt & Sprüngli AG, together with its subsidiaries, engages in the manufacture and sale of chocolate products worldwide.

Chocoladefabriken Lindt & Sprüngli Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chocoladefabriken Lindt & Sprüngli
Historical stock prices
Current Share PriceCHF109,400.00
52 Week HighCHF123,800.00
52 Week LowCHF92,500.00
Beta0.28
1 Month Change8.53%
3 Month Change3.80%
1 Year Change4.89%
3 Year Change37.44%
5 Year Change70.27%
Change since IPO4,181.80%

Recent News & Updates

Aug 09
Returns On Capital At Chocoladefabriken Lindt & Sprüngli (VTX:LISN) Have Hit The Brakes

Returns On Capital At Chocoladefabriken Lindt & Sprüngli (VTX:LISN) Have Hit The Brakes

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...

Shareholder Returns

LISNCH FoodCH Market
7D3.4%-1.2%-0.2%
1Y4.9%0.9%-12.0%

Return vs Industry: LISN exceeded the Swiss Food industry which returned 0.9% over the past year.

Return vs Market: LISN exceeded the Swiss Market which returned -12% over the past year.

Price Volatility

Is LISN's price volatile compared to industry and market?
LISN volatility
LISN Average Weekly Movement3.3%
Food Industry Average Movement3.2%
Market Average Movement4.5%
10% most volatile stocks in CH Market8.1%
10% least volatile stocks in CH Market2.4%

Stable Share Price: LISN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
184514,000Dieter Weisskopfhttps://www.lindt-spruengli.com

Chocoladefabriken Lindt & Sprüngli AG, together with its subsidiaries, engages in the manufacture and sale of chocolate products worldwide. The company sells its products under the Lindt, Ghirardelli, Russell Stover, Whitman’s, Caffarel, Hofbauer, Küfferle, and Pangburn’s brands. It serves customers through a network of distributors, as well as through approximately 500 own shops.

Chocoladefabriken Lindt & Sprüngli Fundamentals Summary

How do Chocoladefabriken Lindt & Sprüngli's earnings and revenue compare to its market cap?
LISN fundamental statistics
Market CapCHF25.12b
Earnings (TTM)CHF527.30m
Revenue (TTM)CHF4.80b

48.1x

P/E Ratio

5.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LISN income statement (TTM)
RevenueCHF4.80b
Cost of RevenueCHF1.55b
Gross ProfitCHF3.25b
Other ExpensesCHF2.72b
EarningsCHF527.30m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Mar 07, 2023

Earnings per share (EPS)2.27k
Gross Margin67.68%
Net Profit Margin10.99%
Debt/Equity Ratio22.9%

How did LISN perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

54%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is LISN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LISN?

Other financial metrics that can be useful for relative valuation.

LISN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.4x
Enterprise Value/EBITDA29.4x
PEG Ratio5.4x

Price to Earnings Ratio vs Peers

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

LISN PE Ratio vs Peers
The above table shows the PE ratio for LISN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.9x
BARN Barry Callebaut
27.9x9.8%CHF11.3b
EMMN Emmi
22.7x4.0%CHF4.9b
NESN Nestlé
19.5x5.7%CHF316.2b
BELL Bell Food Group
12.5x3.1%CHF1.6b
LISN Chocoladefabriken Lindt & Sprüngli
46.8x9.0%CHF24.4b

Price-To-Earnings vs Peers: LISN is expensive based on its Price-To-Earnings Ratio (46.8x) compared to the peer average (20.7x).


Price to Earnings Ratio vs Industry

How does LISN's PE Ratio compare vs other companies in the European Food Industry?

Price-To-Earnings vs Industry: LISN is expensive based on its Price-To-Earnings Ratio (46.8x) compared to the Swiss Food industry average (21.4x)


Price to Earnings Ratio vs Fair Ratio

What is LISN'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.

LISN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48.1x
Fair PE Ratio32x

Price-To-Earnings vs Fair Ratio: LISN is expensive based on its Price-To-Earnings Ratio (46.8x) compared to the estimated Fair Price-To-Earnings Ratio (31.9x).


Share Price vs Fair Value

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

Below Fair Value: LISN (CHF106400) is trading below our estimate of fair value (CHF125519.28)

Significantly Below Fair Value: LISN is trading below fair value, but not by a significant amount.


Analyst Price Targets

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

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Chocoladefabriken Lindt & Sprüngli forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LISN's forecast earnings growth (9% per year) is above the savings rate (-0.2%).

Earnings vs Market: LISN's earnings (9% per year) are forecast to grow faster than the Swiss market (8.8% per year).

High Growth Earnings: LISN's earnings are forecast to grow, but not significantly.

Revenue vs Market: LISN's revenue (6.6% per year) is forecast to grow faster than the Swiss market (4.3% per year).

High Growth Revenue: LISN's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LISN's Return on Equity is forecast to be low in 3 years time (11.9%).


Discover growth companies

Past Performance

How has Chocoladefabriken Lindt & Sprüngli performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.04%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LISN has high quality earnings.

Growing Profit Margin: LISN's current net profit margins (11%) are higher than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: LISN's earnings have declined by 0.04% per year over the past 5 years.

Accelerating Growth: LISN's earnings growth over the past year (31.3%) exceeds its 5-year average (-0.04% per year).

Earnings vs Industry: LISN earnings growth over the past year (31.3%) exceeded the Food industry 25.1%.


Return on Equity

High ROE: LISN's Return on Equity (12%) is considered low.


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Financial Health

How is Chocoladefabriken Lindt & Sprüngli's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LISN's short term assets (CHF2.4B) exceed its short term liabilities (CHF1.3B).

Long Term Liabilities: LISN's short term assets (CHF2.4B) exceed its long term liabilities (CHF2.1B).


Debt to Equity History and Analysis

Debt Level: LISN's net debt to equity ratio (4.8%) is considered satisfactory.

Reducing Debt: LISN's debt to equity ratio has reduced from 29.6% to 22.9% over the past 5 years.

Debt Coverage: LISN's debt is well covered by operating cash flow (78.5%).

Interest Coverage: LISN's interest payments on its debt are well covered by EBIT (30.4x coverage).


Balance Sheet


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Dividend

What is Chocoladefabriken Lindt & Sprüngli current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.10%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LISN's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.8%).

High Dividend: LISN's dividend (1.13%) is low compared to the top 25% of dividend payers in the Swiss market (3.98%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.1%), LISN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49.5%), LISN's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

6.1yrs

Average management tenure


CEO

Dieter Weisskopf

5.83yrs

Tenure

CHF4,296,000

Compensation

Dr. Dieter Weisskopf, Ph D., lic. rer.pol., serves as Group Chief Executive Officer at Chocoladefabriken Lindt & Sprüngli AG since 2021 and serves as its Chairman of Group Management and has been its Dire...


CEO Compensation Analysis

Compensation vs Market: Dieter's total compensation ($USD4.55M) is below average for companies of similar size in the Swiss market ($USD7.05M).

Compensation vs Earnings: Dieter's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: LISN's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: LISN's board of directors are seasoned and experienced ( 13.6 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

Chocoladefabriken Lindt & Sprüngli AG's employee growth, exchange listings and data sources


Key Information

  • Name: Chocoladefabriken Lindt & Sprüngli AG
  • Ticker: LISN
  • Exchange: SWX
  • Founded: 1845
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: CHF25.120b
  • Shares outstanding: 231.94k
  • Website: https://www.lindt-spruengli.com

Number of Employees


Location

  • Chocoladefabriken Lindt & Sprüngli AG
  • Seestrasse 204
  • Kilchberg
  • Zurich
  • 8802
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.