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GURN

Gurit Holding SWX:GURN Stock Report

Last Price

CHF119.40

Market Cap

CHF512.6m

7D

4.7%

1Y

-43.9%

Updated

12 Aug, 2022

Data

Company Financials +
GURN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends0/6

GURN Stock Overview

Gurit Holding AG, together with its subsidiaries, develops, manufactures, and sells advanced composite materials, composite tooling equipment, and kitting services in Switzerland and internationally.

Gurit Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gurit Holding
Historical stock prices
Current Share PriceCHF119.40
52 Week HighCHF219.00
52 Week LowCHF90.50
Beta1.11
1 Month Change20.00%
3 Month Change4.37%
1 Year Change-43.94%
3 Year Change10.56%
5 Year Change7.09%
Change since IPO166.52%

Recent News & Updates

Shareholder Returns

GURNCH ChemicalsCH Market
7D4.7%1.9%0.3%
1Y-43.9%-25.5%-12.5%

Return vs Industry: GURN underperformed the Swiss Chemicals industry which returned -24.8% over the past year.

Return vs Market: GURN underperformed the Swiss Market which returned -12% over the past year.

Price Volatility

Is GURN's price volatile compared to industry and market?
GURN volatility
GURN Average Weekly Movement6.3%
Chemicals Industry Average Movement5.4%
Market Average Movement4.5%
10% most volatile stocks in CH Market7.9%
10% least volatile stocks in CH Market2.4%

Stable Share Price: GURN is more volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GURN's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Swiss stocks.

About the Company

FoundedEmployeesCEOWebsite
18352,406Mitja Schulzhttps://www.gurit.com

Gurit Holding AG, together with its subsidiaries, develops, manufactures, and sells advanced composite materials, composite tooling equipment, and kitting services in Switzerland and internationally. The company operates through Manufacturing Solutions, Kitting, Composite Materials, and Aerospace segments. It offers pre-impregnated materials, structural core products, adhesives, and liquid and filled systems.

Gurit Holding Fundamentals Summary

How do Gurit Holding's earnings and revenue compare to its market cap?
GURN fundamental statistics
Market CapCHF512.64m
Earnings (TTM)CHF11.36m
Revenue (TTM)CHF467.93m

45.1x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GURN income statement (TTM)
RevenueCHF467.93m
Cost of RevenueCHF382.92m
Gross ProfitCHF85.01m
Other ExpensesCHF73.65m
EarningsCHF11.36m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)2.65
Gross Margin18.17%
Net Profit Margin2.43%
Debt/Equity Ratio39.4%

How did GURN perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 GURN?

Other financial metrics that can be useful for relative valuation.

GURN 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/Revenue1.2x
Enterprise Value/EBITDA13.2x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

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

GURN PE Ratio vs Peers
The above table shows the PE ratio for GURN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.8x
DESN Dottikon Es Holding
58.2xn/aCHF3.5b
CLN Clariant
17.3x-4.2%CHF6.1b
EMSN EMS-CHEMIE HOLDING
31.8x7.2%CHF17.5b
GIVN Givaudan
39.8x11.1%CHF31.1b
GURN Gurit Holding
45.1x32.3%CHF512.6m

Price-To-Earnings vs Peers: GURN is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the peer average (36.8x).


Price to Earnings Ratio vs Industry

How does GURN's PE Ratio compare vs other companies in the European Chemicals Industry?

Price-To-Earnings vs Industry: GURN is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the Swiss Chemicals industry average (36.3x)


Price to Earnings Ratio vs Fair Ratio

What is GURN'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.

GURN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.1x
Fair PE Ratio31.7x

Price-To-Earnings vs Fair Ratio: GURN is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the estimated Fair Price-To-Earnings Ratio (31.7x).


Share Price vs Fair Value

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

Below Fair Value: GURN (CHF119.4) is trading below our estimate of fair value (CHF269.71)

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


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 Gurit Holding forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


32.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GURN's forecast earnings growth (32.3% per year) is above the savings rate (-0.2%).

Earnings vs Market: GURN's earnings (32.3% per year) are forecast to grow faster than the Swiss market (8.8% per year).

High Growth Earnings: GURN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GURN's revenue (9.8% per year) is forecast to grow faster than the Swiss market (4.3% per year).

High Growth Revenue: GURN's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GURN's Return on Equity is forecast to be low in 3 years time (15.9%).


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Past Performance

How has Gurit Holding performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GURN has a large one-off loss of CHF6.0M impacting its December 31 2021 financial results.

Growing Profit Margin: GURN's current net profit margins (2.4%) are lower than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: GURN's earnings have grown by 5.2% per year over the past 5 years.

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

Earnings vs Industry: GURN had negative earnings growth (-75.8%) over the past year, making it difficult to compare to the Chemicals industry average (11.9%).


Return on Equity

High ROE: GURN's Return on Equity (5.4%) is considered low.


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Financial Health

How is Gurit Holding's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GURN's short term assets (CHF213.0M) exceed its short term liabilities (CHF102.3M).

Long Term Liabilities: GURN's short term assets (CHF213.0M) exceed its long term liabilities (CHF59.3M).


Debt to Equity History and Analysis

Debt Level: GURN's net debt to equity ratio (22.3%) is considered satisfactory.

Reducing Debt: GURN's debt to equity ratio has increased from 0.8% to 39.4% over the past 5 years.

Debt Coverage: GURN's debt is well covered by operating cash flow (31.2%).

Interest Coverage: GURN's interest payments on its debt are well covered by EBIT (42.8x coverage).


Balance Sheet


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Dividend

What is Gurit Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.59%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GURN's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.8%).

High Dividend: GURN's dividend (0.59%) is low compared to the top 25% of dividend payers in the Swiss market (3.98%).


Stability and Growth of Payments

Stable Dividend: GURN is not paying a notable dividend for the Swiss market, therefore no need to check if payments are stable.

Growing Dividend: GURN is not paying a notable dividend for the Swiss market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: GURN is not paying a notable dividend for the Swiss market.


Cash Payout to Shareholders

Cash Flow Coverage: GURN is paying a dividend but the company has no free cash flows.


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Management

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

2.8yrs

Average management tenure


CEO

Mitja Schulz (45 yo)

1.58yrs

Tenure

CHF1,181,000

Compensation

Mr. Mitja Schulz serves as Chief Executive Officer at Gurit Holding AG since January 4, 2021. He was Senior Vice President and CEO of ZF Wind Power Antwerpen NV, part of ZF Friedrichshafen. He held a numbe...


CEO Compensation Analysis

Compensation vs Market: Mitja's total compensation ($USD1.25M) is about average for companies of similar size in the Swiss market ($USD1.06M).

Compensation vs Earnings: Insufficient data to compare Mitja's compensation with company performance.


Leadership Team

Experienced Management: GURN's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: GURN's board of directors are considered experienced (3.3 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

Gurit Holding AG's employee growth, exchange listings and data sources


Key Information

  • Name: Gurit Holding AG
  • Ticker: GURN
  • Exchange: SWX
  • Founded: 1835
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: CHF512.638m
  • Shares outstanding: 4.29m
  • Website: https://www.gurit.com

Number of Employees


Location

  • Gurit Holding AG
  • Ebnaterstrasse 79
  • Wattwil
  • St. Gallen
  • 9630
  • 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
Earnings2021/12/31
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.