SWX:CPHN

Stock Analysis Report

CPH Chemie + Papier Holding

Executive Summary

CPH Chemie + Papier Holding AG, together with its subsidiaries, develops, manufactures and distributes chemical products, paper, and pharmaceutical packaging films in Switzerland, rest of Europe, the Americas, Asia, and internationally.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has CPH Chemie + Papier Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.5%

CPHN

6.5%

CH Forestry

1.7%

CH Market


1 Year Return

-4.0%

CPHN

-11.9%

CH Forestry

11.8%

CH Market

Return vs Industry: CPHN exceeded the Swiss Forestry industry which returned -11.9% over the past year.

Return vs Market: CPHN underperformed the Swiss Market which returned 11.8% over the past year.


Shareholder returns

CPHNIndustryMarket
7 Day1.5%6.5%1.7%
30 Day0.5%0.6%-0.3%
90 Day-3.6%8.4%2.8%
1 Year-2.1%-4.0%-7.8%-11.9%17.8%11.8%
3 Year110.1%101.5%52.2%1.0%34.1%20.7%
5 Year48.0%37.8%136.5%49.9%43.5%21.0%

Price Volatility Vs. Market

How volatile is CPH Chemie + Papier Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CPH Chemie + Papier Holding undervalued compared to its fair value and its price relative to the market?

12.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: CPHN (CHF80.6) is trading below our estimate of fair value (CHF92.25)

Significantly Undervalued: CPHN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CPHN is good value based on its PE Ratio (10.4x) compared to the Forestry industry average (10.4x).

PE vs Market: CPHN is good value based on its PE Ratio (10.4x) compared to the Swiss market (18.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: CPHN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CPHN is good value based on its PB Ratio (1.1x) compared to the XE Forestry industry average (1.2x).


Next Steps

Future Growth

How is CPH Chemie + Papier Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPHN's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: CPHN's earnings are forecast to decline over the next 3 years (-2.4% per year).

High Growth Earnings: CPHN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CPHN's revenue (2.7% per year) is forecast to grow slower than the Swiss market (3.6% per year).

High Growth Revenue: CPHN's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: CPHN's Return on Equity is forecast to be low in 3 years time (8.9%).


Next Steps

Past Performance

How has CPH Chemie + Papier Holding performed over the past 5 years?

81.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CPHN has become profitable over the past 5 years, growing earnings by 81.8% per year.

Accelerating Growth: CPHN's earnings growth over the past year (13.4%) is below its 5-year average (81.8% per year).

Earnings vs Industry: CPHN earnings growth over the past year (13.4%) exceeded the Forestry industry 1.2%.


Return on Equity

High ROE: CPHN's Return on Equity (11.1%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is CPH Chemie + Papier Holding's financial position?


Financial Position Analysis

Short Term Liabilities: CPHN's short term assets (CHF377.4M) exceeds its short term liabilities (CHF223.9M)

Long Term Liabilities: CPHN's short term assets (377.4M) exceeds its long term liabilities (169.6M)


Debt to Equity History and Analysis

Debt Level: CPHN is debt free.

Reducing Debt: CPHN has no debt compared to 5 years ago when its debt to equity ratio was 32.3%.

Debt Coverage: CPHN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CPHN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if CPHN's debt is covered by short term assets.


Next Steps

Dividend

What is CPH Chemie + Papier Holding's current dividend yield, its reliability and sustainability?

1.61%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.9%markettop25%3.7%industryaverage4.4%forecastin3Years2.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CPHN's dividend (1.61%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.93%).

High Dividend: CPHN's dividend (1.61%) is low compared to the top 25% of dividend payers in the Swiss market (3.69%).

Stable Dividend: CPHN's dividend payments have been volatile in the past 10 years.

Growing Dividend: CPHN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.7%), CPHN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CPHN's dividends in 3 years are forecast to be well covered by earnings (27.2% payout ratio).


Next Steps

Management

What is the CEO of CPH Chemie + Papier Holding's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average management tenure


CEO

Peter Schildknecht (57yo)

10.8yrs

Tenure

CHF1,089,000

Compensation

Dr. Peter Schildknecht has been Group Chief Executive Officer of CPH Chemie + Papier Holding AG since January 1, 2009. Mr. Schildknecht's professional career in industry began in 1995 at Von Roll, where he ...


CEO Compensation Analysis

Compensation vs. Market: Peter's total compensation ($USD1.09M) is about average for companies of similar size in the Swiss market ($USD862.94K).

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


Management Age and Tenure

9.8yrs

Average Tenure

57yo

Average Age

Experienced Management: CPHN's management team is seasoned and experienced (9.8 years average tenure).


Board Age and Tenure

7.0yrs

Average Tenure

59yo

Average Age

Experienced Board: CPHN's board of directors are considered experienced (7 years average tenure).


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

  • Wolfgang Grimm (62yo)

    Head of Packaging Division

    • Tenure: 16.8yrs
  • Peter Schildknecht (57yo)

    Group Chief Executive Officer

    • Tenure: 10.8yrs
    • Compensation: CHF1.09m
  • Alois Waldburg-Zeil (56yo)

    Head of the Chemistry Division

    • Tenure: 9.8yrs
  • Klemens Gottstein (58yo)

    Head of Paper Division

    • Tenure: 7.8yrs
  • Richard Unterhuber (52yo)

    Chief Financial Officer

    • Tenure: 3.8yrs

Board Members

  • Peter Schaub (59yo)

    Chairman

    • Tenure: 9.3yrs
    • Compensation: CHF339.00k
  • Kaspar Kelterborn (55yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: CHF122.00k
  • Tim Talaat (59yo)

    Deputy Chairman

    • Tenure: 3.9yrs
    • Compensation: CHF105.00k
  • Mauro Gabella (67yo)

    Director

    • Tenure: 14.4yrs
    • Compensation: CHF122.00k
  • Christian Wipf (62yo)

    Director

    • Tenure: 11.5yrs
    • Compensation: CHF105.00k
  • Manuel Werder (45yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: CHF105.00k

Company Information

CPH Chemie + Papier Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CPH Chemie + Papier Holding AG
  • Ticker: CPHN
  • Exchange: SWX
  • Founded: 1818
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: CHF483.514m
  • Shares outstanding: 6.00m
  • Website: https://www.cph.ch

Number of Employees


Location

  • CPH Chemie + Papier Holding AG
  • Perlenring 1
  • Perlen
  • Root
  • Lucerne
  • 6035
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPHNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJun 2001
0QNZLSE (London Stock Exchange)YesRegistered SharesGBCHFJun 2001

Biography

CPH Chemie + Papier Holding AG, together with its subsidiaries, develops, manufactures and distributes chemical products, paper, and pharmaceutical packaging films in Switzerland, rest of Europe, the Ameri ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:40
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.