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ACRON HELVETIA I Immobilien

BRSE:AHAN
Snowflake Description

Undervalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AHAN
BRSE
CHF4M
Market Cap
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Last updated 2019/05/23 00:00
Company description

ACRON HELVETIA I Immobilien Aktiengesellschaft invests in, holds, and manages real estate properties in Switzerland. The last earnings update was 20 days ago. More info.

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AHAN Share Price and Events
7 Day Returns
0%
BRSE:AHAN
1.1%
CH Real Estate
2.1%
CH Market
1 Year Returns
-
BRSE:AHAN
1.7%
CH Real Estate
1.3%
CH Market
AHAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ACRON HELVETIA I Immobilien (AHAN) 0% -1.8% 0.2% - -26.1% -1.8%
CH Real Estate 1.1% 2.2% 2.9% 1.7% 11.4% 27.9%
CH Market 2.1% 0.1% 1.5% 1.3% 12.3% 9.3%
1 Year Return vs Industry and Market
  • No trading data on AHAN.
  • No trading data on AHAN.
Price Volatility
AHAN
Industry
5yr Volatility vs Market

Value

 Is ACRON HELVETIA I Immobilien undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ACRON HELVETIA I Immobilien to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ACRON HELVETIA I Immobilien.

BRSE:AHAN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.2%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BRSE:AHAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.986 (1 + (1- 18%) (551.43%)) 		3.977
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (2 * 5.96%) 		15.2%

Discounted Cash Flow Calculation for BRSE:AHAN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ACRON HELVETIA I Immobilien is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BRSE:AHAN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 15.2%)
2019 1.21 Est @ 2.99% 1.05
2020 1.25 Est @ 3.07% 0.94
2021 1.29 Est @ 3.13% 0.84
2022 1.33 Est @ 3.18% 0.75
2023 1.37 Est @ 3.21% 0.67
2024 1.41 Est @ 3.23% 0.60
2025 1.46 Est @ 3.24% 0.54
2026 1.51 Est @ 3.25% 0.49
2027 1.56 Est @ 3.26% 0.44
2028 1.61 Est @ 3.26% 0.39
Present value of next 10 years cash flows CHF6.72
BRSE:AHAN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF1.61 × (1 + 3.28%) ÷ (15.2% – 3.28%) 		CHF13.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF13.91 ÷ (1 + 15.2%)10 		CHF3.38
BRSE:AHAN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF6.72 + CHF3.38 		CHF10.10
Equity Value per Share
(CHF)		 = Total value / Shares Outstanding
= CHF10.10 / 0.78 		CHF12.97
BRSE:AHAN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF12.97
Current discount Discount to share price of CHF4.91
= -1 x (CHF4.91 - CHF12.97) / CHF12.97 		62.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ACRON HELVETIA I Immobilien is available for.
Intrinsic value
>50%
Share price is CHF4.91 vs Future cash flow value of CHF12.97
Current Discount Checks
For ACRON HELVETIA I Immobilien to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ACRON HELVETIA I Immobilien's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ACRON HELVETIA I Immobilien's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ACRON HELVETIA I Immobilien's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ACRON HELVETIA I Immobilien's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BRSE:AHAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF0.81
BRSE:AHAN Share Price ** BRSE (2019-05-10) in CHF CHF4.91
Switzerland Real Estate Industry PE Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 14.87x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ACRON HELVETIA I Immobilien.

BRSE:AHAN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BRSE:AHAN Share Price ÷ EPS (both in CHF)

= 4.91 ÷ 0.81

 6.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ACRON HELVETIA I Immobilien is good value based on earnings compared to the CH Real Estate industry average.
  • ACRON HELVETIA I Immobilien is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does ACRON HELVETIA I Immobilien's expected growth come at a high price?
Raw Data
BRSE:AHAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 -3%per year
Switzerland Real Estate Industry PEG Ratio Median Figure of 8 Publicly-Listed Real Estate Companies -3.15x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ACRON HELVETIA I Immobilien, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ACRON HELVETIA I Immobilien's assets?
Raw Data
BRSE:AHAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF8.20
BRSE:AHAN Share Price * BRSE (2019-05-10) in CHF CHF4.91
Switzerland Real Estate Industry PB Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 1.07x
Switzerland Market PB Ratio Median Figure of 212 Publicly-Listed Companies 1.62x
BRSE:AHAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BRSE:AHAN Share Price ÷ Book Value per Share (both in CHF)

= 4.91 ÷ 8.20

 0.6x

* Primary Listing of ACRON HELVETIA I Immobilien.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ACRON HELVETIA I Immobilien is good value based on assets compared to the CH Real Estate industry average.
Show me more potentially undervalued companies in the Real Estate industry
X
Value checks
We assess ACRON HELVETIA I Immobilien's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
    5. ACRON HELVETIA I Immobilien has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ACRON HELVETIA I Immobilien expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover ACRON HELVETIA I Immobilien, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ACRON HELVETIA I Immobilien expected to grow at an attractive rate?
  • ACRON HELVETIA I Immobilien's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3.3%.
Growth vs Market Checks
  • ACRON HELVETIA I Immobilien's earnings are expected to decrease over the next 1-3 years, this is below the Switzerland market average.
  • Unable to compare ACRON HELVETIA I Immobilien's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BRSE:AHAN Future Growth Rates Data Sources
Data Point Source Value (per year)
BRSE:AHAN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -3%
Switzerland Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -1.5%
Switzerland Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -1.8%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BRSE:AHAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BRSE:AHAN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 2 1 1
2018-09-30 2 1 0
2018-06-30 2 1 0
2018-03-31 2 1 0
2017-12-31 2 1 0
2017-09-30 2 1 0
2017-06-30 2 1 0
2017-03-31 2 1 0
2016-12-31 2 1 1
2016-09-30 2 1 1
2016-06-30 2 1 1
2016-03-31 2 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ACRON HELVETIA I Immobilien's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if ACRON HELVETIA I Immobilien is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BRSE:AHAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ACRON HELVETIA I Immobilien Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BRSE:AHAN Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 0.81
2018-09-30 0.56
2018-06-30 0.30
2018-03-31 0.02
2017-12-31 -0.26
2017-09-30 -0.16
2017-06-30 -0.06
2017-03-31 0.46
2016-12-31 0.97
2016-09-30 0.89
2016-06-30 0.80
2016-03-31 0.60

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ACRON HELVETIA I Immobilien will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ACRON HELVETIA I Immobilien's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ACRON HELVETIA I Immobilien has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ACRON HELVETIA I Immobilien performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ACRON HELVETIA I Immobilien's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ACRON HELVETIA I Immobilien has delivered over 20% year on year earnings growth in the past 5 years.
  • ACRON HELVETIA I Immobilien has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • ACRON HELVETIA I Immobilien has become profitable in the last year making it difficult to compare the CH Real Estate industry average.
Earnings and Revenue History
ACRON HELVETIA I Immobilien's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ACRON HELVETIA I Immobilien Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BRSE:AHAN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1.96 0.63 0.32
2018-09-30 1.96 0.43 0.34
2018-06-30 1.96 0.23 0.35
2018-03-31 1.96 0.02 0.37
2017-12-31 1.96 -0.20 0.38
2017-09-30 1.96 -0.12 0.38
2017-06-30 1.96 -0.05 0.38
2017-03-31 1.96 0.36 0.36
2016-12-31 1.96 0.76 0.34
2016-09-30 1.96 0.69 0.35
2016-06-30 1.96 0.62 0.35
2016-03-31 1.96 0.47 0.36
2015-12-31 1.96 0.32 0.36
2015-09-30 1.96 0.33 0.35
2015-06-30 1.96 0.34 0.35
2015-03-31 1.96 0.06 0.35
2014-12-31 1.96 -0.22 0.34
2014-09-30 1.96 -0.50 0.32
2014-06-30 1.97 -0.79 0.29
2014-03-31 1.97 -0.47 0.27
2013-12-31 1.97 -0.15 0.26
2013-09-30 1.96 0.06 0.28
2013-06-30 1.96 0.27 0.29
2013-03-31 1.96 0.32 0.28
2012-12-31 1.96 0.37 0.28
2012-09-30 1.96 0.57 0.29
2012-06-30 1.96 0.76 0.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ACRON HELVETIA I Immobilien has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ACRON HELVETIA I Immobilien used its assets less efficiently than the CH Real Estate industry average last year based on Return on Assets.
  • ACRON HELVETIA I Immobilien has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ACRON HELVETIA I Immobilien's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ACRON HELVETIA I Immobilien has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ACRON HELVETIA I Immobilien's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ACRON HELVETIA I Immobilien's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ACRON HELVETIA I Immobilien's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ACRON HELVETIA I Immobilien's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ACRON HELVETIA I Immobilien's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ACRON HELVETIA I Immobilien Company Filings, last reported 4 months ago.

BRSE:AHAN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6.45 21.07 0.67
2018-09-30 6.45 21.07 0.67
2018-06-30 5.91 21.39 0.72
2018-03-31 5.91 21.39 0.72
2017-12-31 5.81 21.71 0.14
2017-09-30 5.81 21.71 0.14
2017-06-30 6.15 22.06 0.72
2017-03-31 6.15 22.06 0.72
2016-12-31 6.48 22.35 0.67
2016-09-30 6.48 22.35 0.67
2016-06-30 6.66 22.63 1.21
2016-03-31 6.66 22.63 1.21
2015-12-31 6.19 22.89 0.56
2015-09-30 6.19 22.89 0.56
2015-06-30 6.51 23.14 0.98
2015-03-31 6.51 23.14 0.98
2014-12-31 6.34 23.39 0.47
2014-09-30 6.34 23.39 0.47
2014-06-30 6.64 23.63 0.63
2014-03-31 6.64 23.63 0.63
2013-12-31 7.03 23.85 0.49
2013-09-30 7.03 23.85 0.49
2013-06-30 7.89 24.08 0.68
2013-03-31 7.89 24.08 0.68
2012-12-31 7.65 24.31 0.45
2012-09-30 7.65 24.31 0.45
2012-06-30 8.11 24.52 0.78
  • ACRON HELVETIA I Immobilien's level of debt (326.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (339.7% vs 326.8% today).
  • Debt is not well covered by operating cash flow (5.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess ACRON HELVETIA I Immobilien's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. ACRON HELVETIA I Immobilien has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ACRON HELVETIA I Immobilien's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ACRON HELVETIA I Immobilien dividends.
If you bought CHF2,000 of ACRON HELVETIA I Immobilien shares you are expected to receive CHF0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ACRON HELVETIA I Immobilien's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ACRON HELVETIA I Immobilien's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BRSE:AHAN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Switzerland Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.8%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 166 Stocks 3.1%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2%
Switzerland Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BRSE:AHAN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2018-12-04 0.000 0.000
2018-05-30 0.000 0.000
2017-05-16 0.600 9.803
2016-04-19 0.600 9.694
2015-05-28 0.600 10.828
2014-04-29 0.600 12.599
2013-06-07 0.600 10.845
2012-06-04 0.600 7.772
2011-03-16 0.600 8.866
2010-04-08 0.200 3.370

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ACRON HELVETIA I Immobilien has not reported any payouts.
  • Unable to verify if ACRON HELVETIA I Immobilien's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ACRON HELVETIA I Immobilien's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ACRON HELVETIA I Immobilien has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ACRON HELVETIA I Immobilien's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ACRON HELVETIA I Immobilien afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. ACRON HELVETIA I Immobilien has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ACRON HELVETIA I Immobilien's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peer Bender
TENURE AS CEO 0.3 years
CEO Bio

Mr. Peer Bender has been the Chief Executive Officer and Managing Director of ACRON HELVETIA I Immobilien Aktiengesellschaft since 2019. Mr. Bender was Managing Director ACRON GmbH from 2006 to 2016; he is the manager of ACRON Lux Management S.à rl, vice president of ACRON US Holding Corp .; Co-founder of ACCENSIS GmbH and previously product manager at ACRON GmbH; at ACRON since 2004.

CEO Compensation
  • Insufficient data for Peer to compare compensation growth.
  • Insufficient data for Peer to establish whether their remuneration is reasonable compared to companies of similar size in Switzerland.
Management Team

Peer Bender

TITLE
CEO & MD
TENURE
0.3 yrs
Board of Directors

Kai Bender

TITLE
Chairman of the Board
COMPENSATION
CHF10K
TENURE
0.3 yrs

Peter Lindegger

TITLE
Vice-Chairman of the Board
COMPENSATION
CHF14K
TENURE
14.3 yrs

Jürg Greter

TITLE
Director
COMPENSATION
CHF15K
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess ACRON HELVETIA I Immobilien's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. ACRON HELVETIA I Immobilien has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Did Changing Sentiment Drive ACRON HELVETIA I Immobilien's Share Price Down By 19%?

We regret to report that long term ACRON HELVETIA I Immobilien Aktiengesellschaft (BRN:AHAN) shareholders have had that experience, with the share price dropping 19% in three years, versus a market return of about 29%. … Many high growth companies focus on growing revenue before profits, but if revenue is the focus, it really needs to grow. … Over three years, ACRON HELVETIA I Immobilien grew revenue at 0.04% per year.

Simply Wall St - –

Could ACRON HELVETIA I Immobilien Aktiengesellschaft's (BRN:AHAN) Investor Composition Influence The Stock Price?

A look at the shareholders of ACRON HELVETIA I Immobilien Aktiengesellschaft (BRN:AHAN) can tell us which group is most powerful. … ACRON HELVETIA I Immobilien is a smaller company with a market capitalization of CHF3.8m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for ACRON HELVETIA I Immobilien

Simply Wall St - –

What Does ACRON HELVETIA I Immobilien Aktiengesellschaft's (BRN:AHAN) Ownership Structure Look Like?

In this article, I'm going to take a look at ACRON HELVETIA I Immobilien Aktiengesellschaft’s (BRN:AHAN) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Check out our latest analysis for ACRON HELVETIA I Immobilien

Simply Wall St - –

Should You Be Concerned About ACRON HELVETIA I Immobilien Aktiengesellschaft's (BRN:AHAN) Shareholders?

General Public Ownership The general public holds a substantial 61.95% stake in AHAN, making it a highly popular stock among retail investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Next Steps: Institutional ownership level and composition in AHAN is not high nor active enough to significantly impact its investment thesis.

Simply Wall St - –

Are ACRON HELVETIA I Immobilien Aktiengesellschaft's (BRN:AHAN) Interest Costs Too High?

At this constant level of debt, AHAN's cash and short-term investments stands at CHF672.59K , ready to deploy into the business. … On top of this, AHAN has produced CHF1.12M in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 5.01%, signalling that AHAN’s debt is not appropriately covered by operating cash. … Looking at AHAN’s most recent CHF22.82M liabilities, it appears that the company has not maintained a sufficient level of current assets to meet its obligations, with the current ratio last standing at 0.04x, which is below the prudent industry ratio of 3x.

Simply Wall St - –

Company Info

Description

ACRON HELVETIA I Immobilien Aktiengesellschaft invests in, holds, and manages real estate properties in Switzerland. Its portfolio consists of office and logistics properties. The company was founded in 2000 and is based in Solothurn, Switzerland.

Details
Name: ACRON HELVETIA I Immobilien Aktiengesellschaft
AHAN
Exchange: BRSE
Founded: 2000
CHF3,820,947
778,197
Website: http://www.acron-helvetia1.ch
Address: ACRON HELVETIA I Immobilien Aktiengesellschaft
Rötistrasse 22,
Solothurn,
Solothurn, 4500,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BRSE AHAN Registered Shares Berne Stock Exchange CH CHF 02. Oct 2009
Number of employees
Current staff
Staff numbers
10
ACRON HELVETIA I Immobilien employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 00:00
End of day share price update: 2019/05/10 00:00
Last earnings filing: 2019/05/03
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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