Investis Holding
Market Cap
CHF1.1b
Last Updated
2020/10/28 21:58 UTC
Data Sources
Company Financials
Executive Summary
Investis Holding SA operates as a residential property company in Switzerland. More Details
Rewards
Risk Analysis
Snowflake Analysis
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Investis Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IREN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.1%
IREN
-1.7%
CH Real Estate
-2.4%
CH Market
1 Year Return
13.2%
IREN
-10.5%
CH Real Estate
-4.2%
CH Market
Return vs Industry: IREN exceeded the Swiss Real Estate industry which returned -10.5% over the past year.
Return vs Market: IREN exceeded the Swiss Market which returned -4.2% over the past year.
Shareholder returns
| IREN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | -1.7% | -2.4% |
| 30 Day | -2.7% | -4.5% | -5.0% |
| 90 Day | 3.1% | 0.6% | -2.4% |
| 1 Year | 16.4%13.2% | -7.5%-10.5% | -0.9%-4.2% |
| 3 Year | 66.9%50.7% | 18.5%6.1% | 12.0%0.2% |
| 5 Year | n/a | 44.3%16.9% | 28.2%6.9% |
Price Volatility Vs. Market
How volatile is Investis Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Investis Holding (VTX:IREN) A Risky Investment?3 weeks ago | Simply Wall St
We're Not So Sure You Should Rely on Investis Holding's (VTX:IREN) Statutory Earnings1 month ago | Simply Wall St
Do Institutions Own Investis Holding SA (VTX:IREN) Shares?Valuation
Is Investis Holding undervalued compared to its fair value and its price relative to the market?
9.76x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IREN (CHF86) is trading above our estimate of fair value (CHF61.81)
Significantly Below Fair Value: IREN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IREN is good value based on its PE Ratio (9.8x) compared to the CH Real Estate industry average (14.9x).
PE vs Market: IREN is good value based on its PE Ratio (9.8x) compared to the Swiss market (21.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IREN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IREN is overvalued based on its PB Ratio (1.4x) compared to the CH Real Estate industry average (1.1x).
Next Steps
Future Growth
How is Investis Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-5.4%
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 Investis Holding 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
- Take a look at our analysis of IREN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Investis Holding competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has Investis Holding performed over the past 5 years?
33.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IREN has a large one-off gain of CHF88.1M impacting its June 30 2020 financial results.
Growing Profit Margin: IREN's current net profit margins (62.9%) are lower than last year (73%).
Past Earnings Growth Analysis
Earnings Trend: IREN's earnings have grown significantly by 33.9% per year over the past 5 years.
Accelerating Growth: IREN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IREN had negative earnings growth (-22.5%) over the past year, making it difficult to compare to the Real Estate industry average (-4.5%).
Return on Equity
High ROE: IREN's Return on Equity (14.8%) is considered low.
Next Steps
Financial Health
How is Investis Holding's financial position?
Financial Position Analysis
Short Term Liabilities: IREN's short term assets (CHF73.8M) do not cover its short term liabilities (CHF239.8M).
Long Term Liabilities: IREN's short term assets (CHF73.8M) do not cover its long term liabilities (CHF552.3M).
Debt to Equity History and Analysis
Debt Level: IREN's debt to equity ratio (81.6%) is considered high.
Reducing Debt: IREN's debt to equity ratio has reduced from 88.1% to 81.6% over the past 5 years.
Debt Coverage: IREN's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: IREN's interest payments on its debt are well covered by EBIT (11.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Investis Holding current dividend yield, its reliability and sustainability?
2.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IREN's dividend (2.73%) is higher than the bottom 25% of dividend payers in the Swiss market (1.97%).
High Dividend: IREN's dividend (2.73%) is low compared to the top 25% of dividend payers in the Swiss market (3.85%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, IREN has been paying a dividend for less than 10 years.
Growing Dividend: IREN has only been paying a dividend for 4 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.7%), IREN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Stéphane Bonvin (53 yo)
5.75yrs
Tenure
CHF1,068,000
Compensation
Mr. Stéphane Bonvin serves as the Chairman of the Group Executive Board at Investis Holding SA and has been its Chief Executive Officer since 1994. Mr. Bonvin founded Investis Holding AG in 1994. He also h ...
CEO Compensation Analysis
Compensation vs Market: Stéphane's total compensation ($USD1.17M) is about average for companies of similar size in the Swiss market ($USD1.21M).
Compensation vs Earnings: Stéphane's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Chairman of Executive Board & Director | 5.75yrs | CHF1.07m | 77.77% CHF 850.4m | |
| CFO & Member of Executive Board | 5.75yrs | no data | 0.13% CHF 1.4m | |
| Head Real Estate Services & Member of Executive Board | 3.5yrs | no data | 0.11% CHF 1.2m | |
| Head of Investor & Media Relations | no data | no data | no data | |
| Head of the Facility Services | 0.75yr | no data | no data |
4.6yrs
Average Tenure
57yo
Average Age
Experienced Management: IREN's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Chairman of Executive Board & Director | 5.75yrs | CHF1.07m | 77.77% CHF 850.4m | |
| Independent Vice Chairman | 3.75yrs | CHF112.00k | 0.16% CHF 1.8m | |
| Independent Chairman of the Board | 4.75yrs | CHF226.00k | 0.046% CHF 501.5k | |
| Independent Director | 4.75yrs | CHF114.00k | 0.027% CHF 293.7k |
4.8yrs
Average Tenure
55yo
Average Age
Experienced Board: IREN's board of directors are considered experienced (4.8 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
Investis Holding SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Investis Holding SA
- Ticker: IREN
- Exchange: SWX
- Founded: 1994
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: CHF1.094b
- Shares outstanding: 12.72m
- Website: https://www.investisgroup.com
Number of Employees
Location
- Investis Holding SA
- Neumühlequai 6
- Zurich
- Zurich
- 8001
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 0RHV | LSE (London Stock Exchange) | Yes | Registered Shares | GB | CHF | Jun 2016 |
| IREN | SWX (SIX Swiss Exchange) | Yes | Registered Shares | CH | CHF | Jun 2016 |
| IYP | DB (Deutsche Boerse AG) | Yes | Registered Shares | DE | EUR | Jun 2016 |
Biography
Investis Holding SA operates as a residential property company in Switzerland. It operates through Properties and Real Estate Services segments. The company develops, sells, and rents residential propertie ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/28 21:58 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.