SWX:SIGN

Stock Analysis Report

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Executive Summary

SIG Combibloc Group AG provides aseptic carton packaging systems and solutions for food and beverage producers.


Snowflake Analysis

Moderate growth potential with acceptable track record.

Share Price & News

How has SIG Combibloc Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SIGN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.5%

SIGN

-1.2%

CH Packaging

0.8%

CH Market


1 Year Return

45.7%

SIGN

4.7%

CH Packaging

0.6%

CH Market

Return vs Industry: SIGN exceeded the Swiss Packaging industry which returned 4.7% over the past year.

Return vs Market: SIGN exceeded the Swiss Market which returned 1.2% over the past year.


Shareholder returns

SIGNIndustryMarket
7 Day1.5%-1.2%0.8%
30 Day0.5%-4.3%0.3%
90 Day7.8%15.1%9.4%
1 Year49.3%45.7%6.8%4.7%4.0%0.6%
3 Yearn/a4.8%-4.6%21.0%8.6%
5 Yearn/a36.0%16.9%31.3%9.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SIG Combibloc Group undervalued compared to its fair value and its price relative to the market?

43.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SIGN (CHF15.53) is trading above our estimate of fair value (CHF13.95)

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


Price To Earnings Ratio

PE vs Industry: SIGN is poor value based on its PE Ratio (43.8x) compared to the Packaging industry average (15x).

PE vs Market: SIGN is poor value based on its PE Ratio (43.8x) compared to the Swiss market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: SIGN is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: SIGN is overvalued based on its PB Ratio (2.4x) compared to the XE Packaging industry average (1.6x).


Next Steps

Future Growth

How is SIG Combibloc Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIGN's forecast earnings growth (13.5% per year) is above the savings rate (-0.2%).

Earnings vs Market: SIGN's earnings (13.5% per year) are forecast to grow faster than the Swiss market (8.5% per year).

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

Revenue vs Market: SIGN's revenue (4.4% per year) is forecast to grow faster than the Swiss market (2.3% per year).

High Growth Revenue: SIGN's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIGN's Return on Equity is forecast to be low in 3 years time (11.4%).


Next Steps

  • Explore growth companies in the Materials industry.

Past Performance

How has SIG Combibloc Group performed over the past 5 years?

6.4%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: SIGN has high quality earnings.

Growing Profit Margin: SIGN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SIGN has become profitable over the past 5 years, growing earnings by 0% per year.

Accelerating Growth: SIGN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SIGN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Packaging industry (11.3%).


Return on Equity

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


Next Steps

Financial Health

How is SIG Combibloc Group's financial position?


Financial Position Analysis

Short Term Liabilities: SIGN's short term assets (€723.2M) exceed its short term liabilities (€703.8M).

Long Term Liabilities: SIGN's short term assets (€723.2M) do not cover its long term liabilities (€2.0B).


Debt to Equity History and Analysis

Debt Level: SIGN's debt to equity ratio (77.5%) is considered high.

Reducing Debt: Insufficient data to determine if SIGN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SIGN's debt is well covered by operating cash flow (28.4%).

Interest Coverage: SIGN's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Next Steps

Dividend

What is SIG Combibloc Group current dividend yield, its reliability and sustainability?

2.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SIGN's dividend (2.39%) is higher than the bottom 25% of dividend payers in the Swiss market (1.95%).

High Dividend: SIGN's dividend (2.39%) is low compared to the top 25% of dividend payers in the Swiss market (3.91%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SIGN's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SIGN's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (104.7%), SIGN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIGN's dividends in 3 years are forecast to be covered by earnings (55.7% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Rolf Stangl (48yo)

12.5yrs

Tenure

Mr. Rolf Stangl serves as Chief Executive Officer and Member of the Executive Board at SIG Combibloc Group AG. He serves as Chief Executive Officer of SIG Combibloc Ltd. Mr. Stangl serves as Head of Corpor ...


Leadership Team

NamePositionTenureCompensationOwnership
Rolf Stangl
CEO & Member of the Executive Board12.5yrsno datano data
Martin Herrenbrück
President & GM of Europe and Member of Executive Board2.67yrsno datano data
Samuel Sigrist
CFO & Member of the Executive Board2.67yrsno datano data
Markus Boehm
Chief Market Officer & Member of the Executive Boardno datano datano data
Lawrence Fok
President & GM of Asia Pacific and Member of the Executive Boardno datano datano data
Ian Wood
Chief Supply Chain Officer & Member of the Executive Boardno datano datano data
Ricardo Rodriguez
President & General Manager of Americas and Member of the Executive Boardno datano datano data
Arndt Gelenkirchen
Chief Executive Officer of Information Technologyno datano datano data
Christophe Zumstein
Head of Corporate Legalno datano datano data
Heinrich Storm
Head of Corporate Human Resourcesno datano datano data

2.7yrs

Average Tenure

Experienced Management: SIGN's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nigel Wright
Director1.83yrsno datano data
Werner Bauer
Independent Director1.83yrsno data0.0071% 354.9k
Colleen Goggins
Independent Director1.83yrsno datano data
Matthias Währen
Independent Director1.83yrsno data0.0066% 325.6k
Wah-Hui Chu
Independent Director1.83yrsno data0.0028% 138.2k
Mariel Hoch
Independent Director1.83yrsno data0.0023% 113.3k
Andreas Umbach
Independent Chairman of the Board1.83yrsno data0.021% 1.0m

1.8yrs

Average Tenure

66.5yo

Average Age

Experienced Board: SIGN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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

SIG Combibloc Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SIG Combibloc Group AG
  • Ticker: SIGN
  • Exchange: SWX
  • Founded: 1853
  • Industry: Paper Packaging
  • Sector: Materials
  • Market Cap: CHF4.970b
  • Shares outstanding: 320.05m
  • Website: https://www.sig.biz

Number of Employees


Location

  • SIG Combibloc Group AG
  • Laufengasse 18
  • Neuhausen am Rheinfall
  • Schaffhausen
  • 8212
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIGNSWX (SIX Swiss Exchange)YesCommon SharesCHCHFSep 2018
1YQADB (Deutsche Boerse AG)YesCommon SharesDEEURSep 2018

Biography

SIG Combibloc Group AG provides aseptic carton packaging systems and solutions for food and beverage producers. The company provides aseptic carton packaging filling machines, aseptic carton packaging sleeves, and closures, as well as spare parts, maintenance, digital, add-on, training, and other services. It primarily operates in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was founded in 1853 and is headquartered in Neuhausen am Rheinfall, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 20:56
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.