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TXGN

TX Group SWX:TXGN Stock Report

Last Price

CHF127.80

Market Cap

CHF1.4b

7D

-1.4%

1Y

52.9%

Updated

18 Aug, 2022

Data

Company Financials +
TXGN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

TXGN Stock Overview

TX Group AG operates a network of media and platforms that provides users with information, orientation, entertainment, and services in Switzerland.

TX Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TX Group
Historical stock prices
Current Share PriceCHF127.80
52 Week HighCHF172.00
52 Week LowCHF82.00
Beta0.66
1 Month Change2.08%
3 Month Change-4.20%
1 Year Change52.87%
3 Year Change17.68%
5 Year Change-14.80%
Change since IPO-51.03%

Recent News & Updates

May 14
These 4 Measures Indicate That TX Group (VTX:TXGN) Is Using Debt Safely

These 4 Measures Indicate That TX Group (VTX:TXGN) Is Using Debt Safely

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Dec 28
TX Group (VTX:TXGN) Seems To Use Debt Rather Sparingly

TX Group (VTX:TXGN) Seems To Use Debt Rather Sparingly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Sep 09
Does TX Group (VTX:TXGN) Have A Healthy Balance Sheet?

Does TX Group (VTX:TXGN) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

TXGNCH MediaCH Market
7D-1.4%-2.1%-0.5%
1Y52.9%-33.1%-12.3%

Return vs Industry: TXGN exceeded the Swiss Media industry which returned -33.7% over the past year.

Return vs Market: TXGN exceeded the Swiss Market which returned -13.6% over the past year.

Price Volatility

Is TXGN's price volatile compared to industry and market?
TXGN volatility
TXGN Average Weekly Movement4.9%
Media Industry Average Movement5.1%
Market Average Movement4.6%
10% most volatile stocks in CH Market7.9%
10% least volatile stocks in CH Market2.4%

Stable Share Price: TXGN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TXGN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18933,380Pietro Supinohttps://tx.group/en

TX Group AG operates a network of media and platforms that provides users with information, orientation, entertainment, and services in Switzerland. It operates through five divisions: TX Markets, Goldbach, 20 Minuten, Tamedia, and Group & Ventures. The company operates platforms in the areas of property, vehicles, marketplaces and financial services, as well as operates JobCloud, a job portal; multilanguage app; and video and photo, and internal sports news agencies.

TX Group Fundamentals Summary

How do TX Group's earnings and revenue compare to its market cap?
TXGN fundamental statistics
Market CapCHF1.35b
Earnings (TTM)CHF801.96m
Revenue (TTM)CHF956.60m

1.7x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TXGN income statement (TTM)
RevenueCHF956.60m
Cost of RevenueCHF591.66m
Gross ProfitCHF364.93m
Other Expenses-CHF437.03m
EarningsCHF801.96m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 30, 2022

Earnings per share (EPS)75.70
Gross Margin38.15%
Net Profit Margin83.83%
Debt/Equity Ratio2.6%

How did TXGN perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

4%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 TXGN?

Other financial metrics that can be useful for relative valuation.

TXGN 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/Revenue1.4x
Enterprise Value/EBITDA10.2x
PEG Ratio-0.01x

Price to Earnings Ratio vs Peers

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

TXGN PE Ratio vs Peers
The above table shows the PE ratio for TXGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.1x
APGN APG|SGA
43.5xn/aCHF551.1m
SCHL Scholastic
19xn/aUS$1.5b
600373 Chinese Universe Publishing and Media Group
6x1.8%CN¥12.3b
603888 Xinhuanet
39.5xn/aCN¥8.9b
TXGN TX Group
1.7x-134.9%CHF1.4b

Price-To-Earnings vs Peers: TXGN is good value based on its Price-To-Earnings Ratio (1.7x) compared to the peer average (27.1x).


Price to Earnings Ratio vs Industry

How does TXGN's PE Ratio compare vs other companies in the European Media Industry?

Price-To-Earnings vs Industry: TXGN is good value based on its Price-To-Earnings Ratio (1.7x) compared to the European Media industry average (13.4x)


Price to Earnings Ratio vs Fair Ratio

What is TXGN'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.

TXGN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TXGN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: TXGN (CHF127.8) is trading below our estimate of fair value (CHF352.73)

Significantly Below Fair Value: TXGN 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: Insufficient data to show price forecast.


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Future Growth

How is TX Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-134.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TXGN's earnings are forecast to decline over the next 3 years (-134.9% per year).

Earnings vs Market: TXGN's earnings are forecast to decline over the next 3 years (-134.9% per year).

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

Revenue vs Market: TXGN's revenue is expected to decline over the next 3 years (-7.3% per year).

High Growth Revenue: TXGN's revenue is forecast to decline over the next 3 years (-7.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TXGN's Return on Equity is forecast to be low in 3 years time (1.2%).


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Past Performance

How has TX Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TXGN has a high level of non-cash earnings.

Growing Profit Margin: TXGN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TXGN's earnings have grown by 12.7% per year over the past 5 years.

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

Earnings vs Industry: TXGN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (30.4%).


Return on Equity

High ROE: TXGN's Return on Equity (27.9%) is considered high.


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Financial Health

How is TX Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TXGN's short term assets (CHF859.0M) exceed its short term liabilities (CHF474.7M).

Long Term Liabilities: TXGN's short term assets (CHF859.0M) exceed its long term liabilities (CHF308.6M).


Debt to Equity History and Analysis

Debt Level: TXGN has more cash than its total debt.

Reducing Debt: TXGN's debt to equity ratio has reduced from 5.3% to 2.6% over the past 5 years.

Debt Coverage: TXGN's debt is well covered by operating cash flow (204.9%).

Interest Coverage: TXGN's interest payments on its debt are well covered by EBIT (169.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.50%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TXGN's dividend (2.5%) is higher than the bottom 25% of dividend payers in the Swiss market (1.83%).

High Dividend: TXGN's dividend (2.5%) is low compared to the top 25% of dividend payers in the Swiss market (3.99%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (4.2%), TXGN's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26.1%), TXGN's dividend payments are well covered by cash flows.


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Management

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

2.1yrs

Average management tenure


CEO

Pietro Supino (57 yo)

2.08yrs

Tenure

CHF1,710,000

Compensation

Dr. Pietro P. Supino serves as Director at JobCloud AG since October 2020. He has been a Publisher of TX Group AG (formerly known as Tamedia AG) since November 2015 has been its Chief Executive Officer and...


Leadership Team

Experienced Management: TXGN's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: TXGN's board of directors are considered experienced (8.7 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

TX Group AG's employee growth, exchange listings and data sources


Key Information

  • Name: TX Group AG
  • Ticker: TXGN
  • Exchange: SWX
  • Founded: 1893
  • Industry: Publishing
  • Sector: Media
  • Implied Market Cap: CHF1.354b
  • Shares outstanding: 10.59m
  • Website: https://tx.group/en

Number of Employees


Location

  • TX Group AG
  • Werdstrasse 21
  • Zurich
  • Zurich
  • 8021
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 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.