SWX:STLN

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Schmolz + Bickenbach

Executive Summary

SCHMOLZ + BICKENBACH AG manufactures stainless steel, engineering steel, tool steel, and other specialty products worldwide.


Snowflake Analysis

Imperfect balance sheet and overvalued.


Similar Companies

Share Price & News

How has Schmolz + Bickenbach's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: STLN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.7%

STLN

1.6%

CH Metals and Mining

1.5%

CH Market


1 Year Return

-56.5%

STLN

-7.4%

CH Metals and Mining

1.8%

CH Market

Return vs Industry: STLN underperformed the Swiss Metals and Mining industry which returned -9.3% over the past year.

Return vs Market: STLN underperformed the Swiss Market which returned 1.7% over the past year.


Shareholder returns

STLNIndustryMarket
7 Day-3.7%1.6%1.5%
30 Day1.5%-0.5%0.3%
90 Day4.3%16.9%7.9%
1 Year-56.5%-56.5%-2.0%-7.4%5.3%1.8%
3 Year-78.7%-78.7%12.1%-2.7%22.2%9.5%
5 Year-77.4%-77.4%53.4%22.7%29.9%8.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Schmolz + Bickenbach undervalued compared to its fair value and its price relative to the market?

0.8x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate STLN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate STLN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: STLN is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: STLN is unprofitable, so we can't compare its PE Ratio to the Swiss market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate STLN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: STLN is good value based on its PB Ratio (0.8x) compared to the XE Metals and Mining industry average (1x).


Next Steps

Future Growth

How is Schmolz + Bickenbach forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

76.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STLN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: STLN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: STLN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: STLN's revenue (4.9% per year) is forecast to grow faster than the Swiss market (2.3% per year).

High Growth Revenue: STLN's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STLN's Return on Equity is forecast to be low in 3 years time (0.9%).


Next Steps

Past Performance

How has Schmolz + Bickenbach performed over the past 5 years?

-57.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STLN is currently unprofitable.

Growing Profit Margin: STLN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: STLN is unprofitable, and losses have increased over the past 5 years at a rate of -57% per year.

Accelerating Growth: Unable to compare STLN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: STLN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (0.5%).


Return on Equity

High ROE: STLN has a negative Return on Equity (-124.78%), as it is currently unprofitable.


Next Steps

Financial Health

How is Schmolz + Bickenbach's financial position?


Financial Position Analysis

Short Term Liabilities: STLN's short term assets (€1.3B) exceed its short term liabilities (€742.1M).

Long Term Liabilities: STLN's short term assets (€1.3B) exceed its long term liabilities (€776.5M).


Debt to Equity History and Analysis

Debt Level: STLN's debt to equity ratio (130.1%) is considered high.

Reducing Debt: STLN's debt to equity ratio has increased from 84.8% to 130.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: STLN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: STLN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 38.7% each year


Next Steps

Dividend

What is Schmolz + Bickenbach current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate STLN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate STLN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if STLN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if STLN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: STLN is not paying a notable dividend for the Swiss market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of STLN's dividend in 3 years as they are not forecast to pay a notable one for the Swiss market.


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Clemens Iller

6.25yrs

Tenure

€2,568,105

Compensation

Mr. Clemens Iller has been the Chief Executive Officer of Schmolz + Bickenbach AG since April 1, 2014 and serves as its Chairman of Executive Board. Mr. Iller serves as the Chairman of the Executive Board  ...


CEO Compensation Analysis

Compensation vs Market: Clemens's total compensation ($USD2.73M) is above average for companies of similar size in the Swiss market ($USD993.37K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Clemens Iller
CEO & Chairman of Executive Board6.25yrs€2.57m0.062% 235.0k
Matthias Wellhausen
CFO & Member of Executive Board5.25yrsno data0.022% 84.6k
Ulrich Urlau
Director of Technical Developmentno datano datano data
Daniel Geiger
VP of Investor Relationsno datano datano data
Thiery Crémailh
CEO of Sales & Services Division7yrsno datano data
Peter Schubert
Chief Executive Officer of Schmolz + Bickenbach Blankstahl Gmbh11.5yrsno datano data
Carlo Mischler
Chief Executive Officer of Swiss Steel AG9.25yrsno datano data
Richard Lahaye
Chief Executive Officer of Sorel Forge Co.no datano datano data

7.0yrs

Average Tenure

62yo

Average Age

Experienced Management: STLN's management team is seasoned and experienced (7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jens Alder
Chairman of the Board1.25yrs€426.61kno data
Michael Schwarzkopf
Non-Executive Director0.50yrno datano data
Svein Brandtzæg
Non-Executive Director0.50yrno datano data
David Metzger
Non-Executive Director0.50yrno datano data
Karin Sonnenmoser
Non-Executive Director0.50yrno datano data
Adrian Widmer
Independent Director1.25yrs€197.01kno data
Heinrich Christen
Non-Executive Director0.50yrno datano data
Jorg Walther
Non-Executive Director0.50yrno datano data

0.5yrs

Average Tenure

55.5yo

Average Age

Experienced Board: STLN's board of directors are not considered experienced ( 0.5 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 been substantially diluted in the past year, with total shares outstanding growing by 114.8%.


Top Shareholders

Company Information

Schmolz + Bickenbach AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Schmolz + Bickenbach AG
  • Ticker: STLN
  • Exchange: SWX
  • Founded: 1919
  • Industry: Steel
  • Sector: Materials
  • Market Cap: CHF380.430m
  • Shares outstanding: 2.03b
  • Website: https://www.schmolz-bickenbach.com

Number of Employees


Location

  • Schmolz + Bickenbach AG
  • Landenbergstrasse 11
  • Lucerne
  • Lucerne
  • 6005
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STLNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJul 1998
SSNDB (Deutsche Boerse AG)YesRegistered SharesDEEURJul 1998
SZBH.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDJul 1998
0QPHLSE (London Stock Exchange)YesRegistered SharesGBCHFJul 1998

Biography

SCHMOLZ + BICKENBACH AG manufactures stainless steel, engineering steel, tool steel, and other specialty products worldwide. The company operates in two segments, Production, and Sales & Services. It offers tool, engineering, bright, and special steel products, as well as stainless, acid, and heat-resistant steel products. The company also provides technical consultancy, prefabrication, and just-in-time delivery services. Its products are used in automotive, mechanical and plant engineering, oil and gas, aerospace, medical technology, food and packaging, civil engineering, hydraulic component, chemical, and mining industries, as well as in ship and marine applications. The company was founded in 1919 and is headquartered in Lucerne, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 20:51
End of Day Share Price2020/07/07 00:00
Earnings2020/03/31
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.