Stock Analysis Report

Executive Summary

ORIOR AG, together with its subsidiaries, produces and supplies refined meat and convenience food in Switzerland and internationally.



Solid track record and fair value.

Share Price & News

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

Latest Share Price and Events

Market Performance

7 Day Return




CH Food


CH Market

1 Year Return




CH Food


CH Market

Return vs Industry: ORON underperformed the Swiss Food industry which returned 18.2% over the past year.

Return vs Market: ORON underperformed the Swiss Market which returned 10.7% over the past year.

Shareholder returns

7 Day0%-3.0%-0.6%
30 Day2.3%-3.2%-0.4%
90 Day4.2%-0.05%1.1%
1 Year-0.3%-3.1%24.1%18.2%16.6%10.7%
3 Year14.9%5.6%47.5%41.0%35.5%21.9%
5 Year91.9%64.9%60.1%50.5%36.8%15.3%

Price Volatility Vs. Market

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

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ORON (CHF85) is trading below our estimate of fair value (CHF126.37)

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

Price To Earnings Ratio

PE vs Industry: ORON is good value based on its PE Ratio (16.9x) compared to the Food industry average (29.9x).

PE vs Market: ORON is good value based on its PE Ratio (16.9x) compared to the Swiss market (18.7x).

Price to Earnings Growth Ratio

PEG Ratio: ORON is poor value based on its PEG Ratio (3.4x)

Price to Book Ratio

PB vs Industry: ORON is overvalued based on its PB Ratio (6.3x) compared to the CH Food industry average (2.7x).

Next Steps

Future Growth

How is ORIOR forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORON's forecast earnings growth (5% per year) is above the savings rate (3.3%).

Earnings vs Market: ORON's earnings (5% per year) are forecast to grow slower than the Swiss market (10.4% per year).

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

Revenue vs Market: ORON's revenue (3.5% per year) is forecast to grow faster than the Swiss market (3.5% per year).

High Growth Revenue: ORON's revenue (3.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ORON's Return on Equity is forecast to be high in 3 years time (31.6%)

Next Steps

Past Performance

How has ORIOR performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: ORON's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: ORON's earnings growth over the past year (39.7%) exceeds its 5-year average (3.4% per year).

Earnings vs Industry: ORON earnings growth over the past year (39.7%) exceeded the Food industry 14.8%.

Return on Equity

High ROE: Whilst ORON's Return on Equity (37.15%) is high, this metric is skewed due to their high level of debt.

Return on Assets

ROA vs Industry: ORON has a higher Return on Assets than the Food industry average last year.

Return on Capital Employed

ROCE Improving: ORON has significantly improved its Return on Capital Employed over the past 3 years.

Next Steps

Financial Health

How is ORIOR's financial position?

Financial Position Analysis

Short Term Liabilities: ORON's short term assets (CHF189.4M) exceeds its short term liabilities (CHF85.1M)

Long Term Liabilities: ORON's short term assets (189.4M) do not cover its long term liabilities (206.6M)

Debt to Equity History and Analysis

Debt Level: ORON's debt to equity ratio (200.1%) is considered high

Reducing Debt: ORON's debt to equity ratio has increased from 50.3% to 200.1% over the past 5 years.

Debt Coverage: ORON's debt is well covered by operating cash flow (29.6%).

Interest Coverage: ORON's interest payments on its debt are well covered by EBIT (14.4x coverage).

Balance Sheet

Inventory Level: ORON has a high level of physical assets or inventory.

Debt Coverage by Assets: ORON's debt is covered by short term assets (assets are 1.1x debt).

Next Steps


What is ORIOR's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Stability and Growth of Payments

Notable Dividend: ORON's dividend (2.64%) is higher than the bottom 25% of dividend payers in the Swiss market (1.92%).

High Dividend: ORON's dividend (2.64%) is low compared to the top 25% of dividend payers in the Swiss market (3.71%).

Stable Dividend: Whilst dividend payments have been stable, ORON has been paying a dividend for less than 10 years.

Growing Dividend: ORON's dividend payments have increased, but the company has only paid a dividend for 9 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.4%), ORON's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: ORON's dividends in 3 years are forecast to be well covered by earnings (47.2% payout ratio).

Next Steps


What is the CEO of ORIOR's salary, the management and board of directors tenure and is there insider trading?


Average management tenure


Daniel Lutz (53yo)





Mr. Daniel Lutz has been the Chief Executive Officer of ORIOR AG since October, 2014 and had been its Member of Management Board February 2015. From 1992 to 2001, Mr. Lutz worked for Nestlé Switzerland in  ...

CEO Compensation Analysis

Compensation vs. Market: Daniel's total compensation ($USD988.93K) is about average for companies of similar size in the Swiss market ($USD814.42K).

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

Management Age and Tenure


Average Tenure

Experienced Management: ORON's management team is considered experienced (3.1 years average tenure).

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: ORON's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Management Team

  • Milena Mathiuet

    Head of Corporate Communication & Investor Relations

    • Tenure: 0yrs
  • Glauco Martinetti

    Head of Rapelli

    • Tenure: 0yrs
  • Urs Mösli

    Head of Möfag

    • Tenure: 0yrs
  • Bruno Bürki

    Head of Albert Spiess

    • Tenure: 7.3yrs
  • Beni Pfulg

    Interim Chief Financial Officer

    • Tenure: 0.8yrs
  • Daniel Lutz (53yo)

    Chief Executive Officer

    • Tenure: 5yrs
    • Compensation: CHF979.16k
  • Oscar Marini

    Head of Pastinella & Group Innovation Manager

    • Tenure: 3.8yrs
  • Filip De Spiegeleire (58yo)

    Head of Orior Europe & Head Culinor Food Group

    • Tenure: 3.1yrs
  • Sven Maushake

    Chief Information Officer

    • Tenure: 2.9yrs
  • Max Dreussi

    Head of Fredag

    • Tenure: 2.5yrs

Board Members

  • Markus Neuhaus (61yo)

    Vice Chairman of the Board

    • Tenure: 0.5yrs
  • Markus Vögeli (58yo)


    • Tenure: 0.5yrs
  • Rolf Sutter (64yo)

    Chairman of the Board of Directors

    • Tenure: 8.5yrs
    • Compensation: CHF356.85k
  • Monika Walser (54yo)

    Non-Executive Director

    • Tenure: 6.8yrs
    • Compensation: CHF78.52k
  • Walter Lüthi (66yo)


    • Tenure: 3.5yrs
    • Compensation: CHF66.68k
  • Monika Schüpbach


    • Tenure: 0.5yrs

Company Information

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

Key Information

  • Name: ORIOR AG
  • Ticker: ORON
  • Exchange: SWX
  • Founded: 1852
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CHF553.133m
  • Shares outstanding: 6.51m
  • Website: https://www.orior.ch

Number of Employees


  • Dufourstrasse 101
  • Zurich
  • Zurich
  • 8008
  • Switzerland


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORONSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFApr 2010
9OIDB (Deutsche Boerse AG)YesRegistered SharesDEEURApr 2010
0QM6LSE (London Stock Exchange)YesRegistered SharesGBCHFApr 2010


ORIOR AG, together with its subsidiaries, produces and supplies refined meat and convenience food in Switzerland and internationally. The company operates through three segments: ORIOR Refinement, ORIOR Co ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 21:12
End of Day Share Price2019/10/23 00:00
Annual Earnings2018/12/31

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.