SWX:LISN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Chocoladefabriken Lindt & Sprüngli

Market Cap

CHF24.8b

Last Updated

2021/07/31 17:07 UTC

Data Sources

Company Financials +

Executive Summary

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

Rewards

Earnings are forecast to grow 10.87% per year

Risk Analysis

No risks detected for LISN from our risk checks.


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Chocoladefabriken Lindt & Sprüngli's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LISN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: LISN's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

4.5%

LISN

-0.3%

CH Food

-0.05%

CH Market


1 Year Return

34.4%

LISN

8.7%

CH Food

23.2%

CH Market

Return vs Industry: LISN exceeded the Swiss Food industry which returned 8.7% over the past year.

Return vs Market: LISN exceeded the Swiss Market which returned 23.2% over the past year.


Shareholder returns

LISNIndustryMarket
7 Day4.5%-0.3%-0.05%
30 Day8.1%0.2%1.5%
90 Day16.4%6.4%9.8%
1 Year36.1%34.4%11.3%8.7%26.6%23.2%
3 Year33.6%27.6%48.2%33.0%41.5%26.0%
5 Year62.9%51.6%63.1%29.3%70.1%39.3%

Long-Term Price Volatility Vs. Market

How volatile is Chocoladefabriken Lindt & Sprüngli's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chocoladefabriken Lindt & Sprüngli undervalued compared to its fair value and its price relative to the market?

63.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LISN (CHF105000) is trading above our estimate of fair value (CHF83546.61)

Significantly Below Fair Value: LISN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LISN is poor value based on its PE Ratio (63.3x) compared to the Swiss Food industry average (26.3x).

PE vs Market: LISN is poor value based on its PE Ratio (63.3x) compared to the Swiss market (22.7x).


Price to Earnings Growth Ratio

PEG Ratio: LISN is poor value based on its PEG Ratio (5.8x)


Price to Book Ratio

PB vs Industry: LISN is overvalued based on its PB Ratio (5.4x) compared to the CH Food industry average (4.7x).


Future Growth

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

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LISN's forecast earnings growth (10.9% per year) is above the savings rate (-0.3%).

Earnings vs Market: LISN's earnings (10.9% per year) are forecast to grow slower than the Swiss market (11.3% per year).

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

Revenue vs Market: LISN's revenue (6% per year) is forecast to grow faster than the Swiss market (5.2% per year).

High Growth Revenue: LISN's revenue (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 (11.2%).


Past Performance

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

-0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LISN has high quality earnings.

Growing Profit Margin: LISN's current net profit margins (9.3%) are lower than last year (10.3%).


Past Earnings Growth Analysis

Earnings Trend: LISN's earnings have declined by 0.6% per year over the past 5 years.

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

Earnings vs Industry: LISN had negative earnings growth (-9.6%) over the past year, making it difficult to compare to the Food industry average (-9.1%).


Return on Equity

High ROE: LISN's Return on Equity (8.6%) is considered low.


Financial Health

How is Chocoladefabriken Lindt & Sprüngli's financial position?


Financial Position Analysis

Short Term Liabilities: LISN's short term assets (CHF2.6B) exceed its short term liabilities (CHF1.2B).

Long Term Liabilities: LISN's short term assets (CHF2.6B) exceed its long term liabilities (CHF2.2B).


Debt to Equity History and Analysis

Debt Level: LISN's debt to equity ratio (21.9%) is considered satisfactory.

Reducing Debt: LISN's debt to equity ratio has reduced from 36% to 21.9% over the past 5 years.

Debt Coverage: LISN's debt is well covered by operating cash flow (82.2%).

Interest Coverage: LISN's interest payments on its debt are well covered by EBIT (26x coverage).


Balance Sheet


Dividend

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

1.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LISN's dividend (1.05%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.42%).

High Dividend: LISN's dividend (1.05%) is low compared to the top 25% of dividend payers in the Swiss market (3.53%).


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.3%), LISN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LISN's dividends in 3 years are forecast to be covered by earnings (52.7% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Dieter Weisskopf

4.75yrs

Tenure

CHF2,488,000

Compensation

Dr. Dieter Weisskopf, Ph.D., lic. rer. pol., has been the Chief Executive Officer of Chocoladefabriken Lindt & Spruengli AG since October 1, 2016 and serves as its Chairman of Group Management. Dr. Weissko...


CEO Compensation Analysis

Compensation vs Market: Dieter's total compensation ($USD2.75M) is below average for companies of similar size in the Swiss market ($USD5.82M).

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


Leadership Team

Experienced Management: LISN's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: LISN's board of directors are seasoned and experienced ( 18.8 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 company bio, 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
  • Market Cap: CHF24.841b
  • Shares outstanding: 240.07k
  • Website: https://www.lindt-spruengli.com

Number of Employees


Location

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

Listings


Biography

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, Russ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 17:07
End of Day Share Price2021/07/30 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.