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ORON

ORIORSWX:ORON Stock Report

Market Cap

CHF598.3m

7D

-1.1%

1Y

33.4%

Updated

15 Oct, 2021

Data

Company Financials +
ORON fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health3/6
Dividends5/6

ORON Overview

ORIOR AG, together with its subsidiaries, produces and sells refined and processed meat products in Switzerland and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for ORIOR
Historical stock prices
Current Share PriceCHF92.70
52 Week HighCHF65.70
52 Week LowCHF94.70
Beta0.51
1 Month Change4.98%
3 Month Change9.57%
1 Year Change33.38%
3 Year Change1.20%
5 Year Change12.36%
Change since IPO84.48%

Recent News & Updates

May 09
Key Things To Consider Before Buying ORIOR AG (VTX:ORON) For Its Dividend

Key Things To Consider Before Buying ORIOR AG (VTX:ORON) For Its Dividend

Could ORIOR AG ( VTX:ORON ) be an attractive dividend share to own for the long haul? Investors are often drawn to...

Shareholder Returns

ORONCH FoodCH Market
7D-1.1%1.5%1.5%
1Y33.4%9.0%19.5%

Return vs Industry: ORON exceeded the Swiss Food industry which returned 9% over the past year.

Return vs Market: ORON exceeded the Swiss Market which returned 19.5% over the past year.

Price Volatility

Is ORON's price volatile compared to industry and market?
ORON volatility
ORON Beta0.51
Industry Beta0.24
Market Beta1

Stable Share Price: ORON is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
18522,000Daniel Lutzhttps://www.orior.ch

ORIOR AG, together with its subsidiaries, produces and sells refined and processed meat products in Switzerland and internationally. It operates through three segments: ORIOR Refinement, ORIOR Convenience, and ORIOR International. The ORIOR Refinement segment offers refined and processed meat products, such as Bündnerfleisch, raw and cooked ham, salami, and Mostbröckli through retail and food service channels.

ORIOR Fundamentals Summary

How do ORIOR's earnings and revenue compare to its market cap?
ORON fundamental statistics
Market CapCHF598.29m
Earnings (TTM)CHF26.98m
Revenue (TTM)CHF604.81m

22.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ORON income statement (TTM)
RevenueCHF604.81m
Cost of RevenueCHF340.02m
Gross ProfitCHF264.79m
ExpensesCHF237.81m
EarningsCHF26.98m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Mar 02, 2022

Earnings per share (EPS)4.15
Gross Margin43.78%
Net Profit Margin4.46%
Debt/Equity Ratio244.5%

How did ORON perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

56%

Payout Ratio

Valuation

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

37.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ORON (CHF92.7) is trading below our estimate of fair value (CHF149.1)

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


Price To Earnings Ratio

PE vs Industry: ORON is good value based on its PE Ratio (22.3x) compared to the Swiss Food industry average (25.5x).

PE vs Market: ORON is poor value based on its PE Ratio (22.3x) compared to the Swiss market (21x).


Price to Earnings Growth Ratio

PEG Ratio: ORON is poor value based on its PEG Ratio (5.6x)


Price to Book Ratio

PB vs Industry: ORON is overvalued based on its PB Ratio (9.2x) compared to the CH Food industry average (4.5x).


Future Growth

How is ORIOR forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORON's forecast earnings growth (4% per year) is above the savings rate (-0.3%).

Earnings vs Market: ORON's earnings (4% per year) are forecast to grow slower than the Swiss market (9.6% per year).

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

Revenue vs Market: ORON's revenue (3.1% per year) is forecast to grow slower than the Swiss market (5.2% per year).

High Growth Revenue: ORON's revenue (3.1% 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 (33.5%)


Past Performance

How has ORIOR performed over the past 5 years?

-1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORON has a large one-off gain of CHF6.7M impacting its June 30 2021 financial results.

Growing Profit Margin: ORON's current net profit margins (4.5%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: ORON's earnings have declined by 1.6% per year over the past 5 years.

Accelerating Growth: ORON's earnings growth over the past year (4.4%) exceeds its 5-year average (-1.6% per year).

Earnings vs Industry: ORON earnings growth over the past year (4.4%) underperformed the Food industry 4.4%.


Return on Equity

High ROE: Whilst ORON's Return on Equity (38.95%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is ORIOR's financial position?


Financial Position Analysis

Short Term Liabilities: ORON's short term assets (CHF177.3M) exceed its short term liabilities (CHF112.8M).

Long Term Liabilities: ORON's short term assets (CHF177.3M) do not cover its long term liabilities (CHF192.9M).


Debt to Equity History and Analysis

Debt Level: ORON's debt to equity ratio (244.5%) is considered high.

Reducing Debt: ORON's debt to equity ratio has increased from 33.2% to 244.5% over the past 5 years.

Debt Coverage: ORON's debt is well covered by operating cash flow (42%).

Interest Coverage: ORON's interest payments on its debt are well covered by EBIT (14x coverage).


Balance Sheet


Dividend

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

2.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ORON's dividend (2.51%) is higher than the bottom 25% of dividend payers in the Swiss market (1.4%).

High Dividend: ORON's dividend (2.51%) is low compared to the top 25% of dividend payers in the Swiss market (3.69%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.2%), ORON's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ORON's dividends in 3 years are forecast to be covered by earnings (50.6% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Daniel Lutz (55 yo)

7yrs

Tenure

CHF861,112

Compensation

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 ($USD932.46K) is about average for companies of similar size in the Swiss market ($USD1.25M).

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


Leadership Team

Experienced Management: ORON's management team is considered experienced (4.5 years average tenure).


Board Members

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

ORIOR AG's 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: CHF598.293m
  • Shares outstanding: 6.50m
  • Website: https://www.orior.ch

Number of Employees


Location

  • ORIOR AG
  • Dufourstrasse 101
  • Zurich
  • Zurich
  • 8008
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 17:03
End of Day Share Price2021/10/15 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.