BRSE:SEAP

Stock Analysis Report

Executive Summary

Swiss Estates AG invests in the real estate properties in Switzerland.


Snowflake Analysis

Slightly overvalued with worrying balance sheet.

Share Price & News

How has Swiss Estates's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

16.3%

SEAP

-1.1%

CH Real Estate

-6.1%

CH Market


1 Year Return

26.4%

SEAP

37.1%

CH Real Estate

9.9%

CH Market

Return vs Industry: SEAP underperformed the Swiss Real Estate industry which returned 36.5% over the past year.

Return vs Market: SEAP exceeded the Swiss Market which returned 9% over the past year.


Shareholder returns

SEAPIndustryMarket
7 Day16.3%-1.1%-6.1%
30 Day37.9%4.4%-1.8%
90 Day103.0%13.2%0.04%
1 Year26.4%26.4%42.4%37.1%15.2%9.9%
3 Year45.7%45.7%54.8%38.1%31.7%15.6%
5 Year-31.4%-35.7%80.3%48.1%37.0%15.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Swiss Estates undervalued compared to its fair value and its price relative to the market?

5.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SEAP (CHF3.35) is trading below our estimate of fair value (CHF3.54)

Significantly Below Fair Value: SEAP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SEAP is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: SEAP 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 SEAP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SEAP is good value based on its PB Ratio (0.4x) compared to the CH Real Estate industry average (1.3x).


Next Steps

Future Growth

How is Swiss Estates forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-12.1%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Swiss Estates has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Swiss Estates performed over the past 5 years?

-41.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SEAP is currently unprofitable.

Growing Profit Margin: SEAP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SEAP is unprofitable, and losses have increased over the past 5 years at a rate of -41.1% per year.

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

Earnings vs Industry: SEAP is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (27.4%).


Return on Equity

High ROE: SEAP has a negative Return on Equity (-2.47%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Swiss Estates's financial position?


Financial Position Analysis

Short Term Liabilities: SEAP's short term assets (CHF11.9M) exceed its short term liabilities (CHF10.1M).

Long Term Liabilities: SEAP's short term assets (CHF11.9M) do not cover its long term liabilities (CHF114.5M).


Debt to Equity History and Analysis

Debt Level: SEAP's debt to equity ratio (283.7%) is considered high.

Reducing Debt: SEAP's debt to equity ratio has increased from 227.8% to 283.7% over the past 5 years.


Balance Sheet

Inventory Level: SEAP has a high level of physical assets or inventory.

Debt Coverage by Assets: SEAP's debt is not covered by short term assets (assets are 0.1x debt).


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: SEAP has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: SEAP has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Swiss Estates's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%3.5%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

CHF783k

CEO Compensation


CEO

Udo Rössig 0

CHF783,481

Compensation

Mr. Udo Rössig serves as Chief Executive Officer of SE Swiss Estates AG. Mr. Rössig served as a Member of the Management Board at SE Swiss Estates AG. He was the President of the Board of Directors at SE  ...


CEO Compensation Analysis

Compensation vs Market: Udo's total compensation ($USD802.26K) is about average for companies of similar size in the Swiss market ($USD703.92K).

Compensation vs Earnings: Udo's compensation has increased whilst the company is unprofitable.


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

Swiss Estates AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Swiss Estates AG
  • Ticker: SEAP
  • Exchange: BRSE
  • Founded:
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: CHF15.805m
  • Shares outstanding: 3.41m
  • Website: https://www.swiss-estates.ch

Number of Employees


Location

  • Swiss Estates AG
  • Alpenquai 28a
  • Lucerne
  • Lucerne
  • 6005
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEAPBRSE (Berne Stock Exchange)CHF5 (NON VTG PRF SHS)CHCHFDec 2006
WAGDB (Deutsche Boerse AG)CHF5 (NON VTG PRF SHS)DEEURDec 2006
SEANBRSE (Berne Stock Exchange)YesRegistered SharesCHCHFDec 2006

Biography

Swiss Estates AG invests in the real estate properties in Switzerland. It primarily focuses on residential properties. The company is based in Lucerne, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 21:12
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.