SWX:TECN

Stock Analysis Report

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Executive Summary

Tecan Group Ltd. provides laboratory instruments and solutions for pharmaceutical and biotechnology companies, university research departments, and forensic and diagnostic laboratories. More Details


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

0.9%

TECN

-3.6%

CH Life Sciences

0.05%

CH Market


1 Year Return

59.4%

TECN

73.6%

CH Life Sciences

1.0%

CH Market

Return vs Industry: TECN underperformed the Swiss Life Sciences industry which returned 73.6% over the past year.

Return vs Market: TECN exceeded the Swiss Market which returned 1% over the past year.


Shareholder returns

TECNIndustryMarket
7 Day0.9%-3.6%0.05%
30 Day-5.8%-1.5%4.0%
90 Day-4.9%1.8%1.6%
1 Year60.7%59.4%74.5%73.6%4.5%1.0%
3 Year109.5%104.0%132.6%127.2%18.6%4.0%
5 Year186.0%172.1%252.3%229.5%36.3%13.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

58.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TECN (CHF414.2) is trading above our estimate of fair value (CHF238.88)

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


Price To Earnings Ratio

PE vs Industry: TECN is good value based on its PE Ratio (58.7x) compared to the XE Life Sciences industry average (58.9x).

PE vs Market: TECN is poor value based on its PE Ratio (58.7x) compared to the Swiss market (22.7x).


Price to Earnings Growth Ratio

PEG Ratio: TECN is poor value based on its PEG Ratio (4.5x)


Price to Book Ratio

PB vs Industry: TECN is overvalued based on its PB Ratio (7.3x) compared to the XE Life Sciences industry average (5.1x).


Next Steps

Future Growth

How is Tecan Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

13.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TECN's forecast earnings growth (13% per year) is above the savings rate (-0.2%).

Earnings vs Market: TECN's earnings (13% per year) are forecast to grow faster than the Swiss market (13% per year).

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

Revenue vs Market: TECN's revenue (8.3% per year) is forecast to grow faster than the Swiss market (4.7% per year).

High Growth Revenue: TECN's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TECN's Return on Equity is forecast to be low in 3 years time (13.7%).


Next Steps

Past Performance

How has Tecan Group performed over the past 5 years?

9.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TECN has high quality earnings.

Growing Profit Margin: TECN's current net profit margins (12.9%) are higher than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: TECN's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: TECN's earnings growth over the past year (25.4%) exceeds its 5-year average (9% per year).

Earnings vs Industry: TECN earnings growth over the past year (25.4%) underperformed the Life Sciences industry 30.1%.


Return on Equity

High ROE: TECN's Return on Equity (12.4%) is considered low.


Next Steps

Financial Health

How is Tecan Group's financial position?


Financial Position Analysis

Short Term Liabilities: TECN's short term assets (CHF647.8M) exceed its short term liabilities (CHF173.6M).

Long Term Liabilities: TECN's short term assets (CHF647.8M) exceed its long term liabilities (CHF119.0M).


Debt to Equity History and Analysis

Debt Level: TECN's debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: TECN's debt to equity ratio has reduced from 1.5% to 0.8% over the past 5 years.

Debt Coverage: TECN's debt is well covered by operating cash flow (2544.6%).

Interest Coverage: TECN's interest payments on its debt are well covered by EBIT (116.7x coverage).


Balance Sheet


Next Steps

Dividend

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

0.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TECN's dividend (0.53%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.88%).

High Dividend: TECN's dividend (0.53%) is low compared to the top 25% of dividend payers in the Swiss market (3.69%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TECN'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?

2.3yrs

Average management tenure


CEO

Achim von Leoprechting (52 yo)

1.58yrs

Tenure

CHF2,473,158

Compensation

Dr. Achim Von Leoprechting, Ph.D., has been Chief Executive Officer of Tecan Group Ltd., since April 1, 2019. He has been Head of the Partnering Business division at Tecan Group Ltd. since October 1, 2013 ...


CEO Compensation Analysis

Compensation vs Market: Achim's total compensation ($USD2.71M) is about average for companies of similar size in the Swiss market ($USD2.22M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Achim von Leoprechting
Head of the Partnering Business Division1.58yrsCHF2.47m0.047%
CHF 2.3m
Tania Micki
Chief Financial Officer & Member of Management Board0.67yrno datano data
Andreas Wilhelm
Executive VP8.83yrsno data0.033%
CHF 1.6m
Klaus Lun
Executive VP7.42yrsno data0.039%
CHF 1.9m
Ulrich Kanter
Executive VP6.33yrsno data0.038%
CHF 1.8m
Erik Norström
Head of Corporate Development2.92yrsno data0.021%
CHF 1.0m
Wael Yared
CTO, Executive VP1.25yrsno data0.0095%
CHF 458.0k
Ralf Griebel
Executive VP0.83yrno datano data
Ingrid Purgstaller
Chief People Officer & Member of the Management Board0.25yrno datano data
Martin Brandle
Senior Vice President of Corporate Communications & Investor Relations5.83yrsno datano data
Wolfgang Deuringer
President of Sales Internationalno datano datano data
Fun Lau-Wai
Head of Tecan Asiano datano datano data

2.3yrs

Average Tenure

50yo

Average Age

Experienced Management: TECN's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Marshak
Director2.5yrsCHF136.00k0.0016%
CHF 79.1k
Oliver Fetzer
Independent Director9.58yrsCHF136.00k0.023%
CHF 1.1m
Heinrich Fischer
Independent Vice Chairman13.58yrsCHF163.00k0.14%
CHF 6.8m
Lars Holmqvist
Director5.58yrsCHF126.00k0.0039%
CHF 190.1k
Lukas Braunschweiler
Chairman2.5yrsCHF338.00k0.0041%
CHF 198.3k
Karen Hubscher
Independent Director8.58yrsCHF140.00kno data
Christa Kreuzburg
Independent Director7.58yrsCHF147.00k0.012%
CHF 574.3k

7.6yrs

Average Tenure

61yo

Average Age

Experienced Board: TECN's board of directors are considered experienced (7.6 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

Tecan Group Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tecan Group Ltd.
  • Ticker: TECN
  • Exchange: SWX
  • Founded: 1980
  • Industry: Life Sciences Tools and Services
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: CHF4.826b
  • Shares outstanding: 11.95m
  • Website: https://www.tecan.com

Number of Employees


Location

  • Tecan Group Ltd.
  • Seestrasse 103
  • Männedorf
  • Zurich
  • 8708
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TENDB (Deutsche Boerse AG)YesRegistered SharesDEEURJun 1999
TECNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJun 1999
TCHB.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDJun 1999
0QLNLSE (London Stock Exchange)YesRegistered SharesGBCHFJun 1999
TECN NBMV (Bolsa Mexicana de Valores)YesRegistered SharesMXMXNJun 1999

Biography

Tecan Group Ltd. provides laboratory instruments and solutions for pharmaceutical and biotechnology companies, university research departments, and forensic and diagnostic laboratories. It operates through...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 22:12
End of Day Share Price2020/11/20 00:00
Earnings2020/06/30
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.