SWX:IREN

Stock Analysis Report

Executive Summary

Investis Holding SA operates as a residential property company in Switzerland.

Snowflake

Fundamentals

Outstanding track record and slightly overvalued.

Share Price & News

How has Investis Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

IREN

-0.2%

CH Real Estate

1.7%

CH Market


1 Year Return

21.6%

IREN

22.5%

CH Real Estate

10.5%

CH Market

Return vs Industry: IREN matched the Swiss Real Estate industry which returned 22.5% over the past year.

Return vs Market: IREN exceeded the Swiss Market which returned 10.5% over the past year.


Shareholder returns

IRENIndustryMarket
7 Day1.6%-0.2%1.7%
30 Day4.8%3.5%0.9%
90 Day9.1%8.1%1.1%
1 Year26.1%21.6%27.1%22.5%16.4%10.5%
3 Year47.5%31.7%40.2%25.3%34.1%16.7%
5 Yearn/a79.3%47.4%39.2%17.3%

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

Valuation

Is Investis Holding undervalued compared to its fair value and its price relative to the market?

6.53x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: IREN (CHF74.2) is trading above our estimate of fair value (CHF30.93)

Significantly Undervalued: 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 (6.5x) compared to the Real Estate industry average (15.8x).

PE vs Market: IREN is good value based on its PE Ratio (6.5x) compared to the Swiss market (18.4x).


Price to Earnings Growth Ratio

Low 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 1 analyst?

2.8%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if IREN's forecast earnings growth is above the savings rate (3.3%).

Earnings vs Market: Insufficient data to determine if IREN's earnings are forecast to grow faster than the Swiss market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IREN's revenue (2.8% per year) is forecast to grow slower than the Swiss market (3.5% per year).

High Growth Revenue: IREN's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if IREN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Investis Holding performed over the past 5 years?

27.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IREN's earnings have grown significantly by 27.6% per year over the past 5 years.

Accelerating Growth: IREN's earnings growth over the past year (180.3%) exceeds its 5-year average (27.6% per year).

Earnings vs Industry: IREN earnings growth over the past year (180.3%) exceeded the Real Estate industry 27.3%.


Return on Equity

High ROE: IREN's Return on Equity (21.5%) is considered high.


Return on Assets

ROA vs Industry: IREN has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: IREN has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Investis Holding's financial position?


Financial Position Analysis

Short Term Liabilities: IREN's short term assets (CHF132.9M) do not cover its short term liabilities (CHF233.6M)

Long Term Liabilities: IREN's short term assets (132.9M) do not cover its long term liabilities (542.6M)


Debt to Equity History and Analysis

Debt Level: IREN's debt to equity ratio (83.7%) is considered high

Reducing Debt: IREN's debt to equity ratio has increased from 82.5% to 83.7% over the past 5 years.

Debt Coverage: IREN's debt is not well covered by operating cash flow (4.8%).

Interest Coverage: IREN's interest payments on its debt are well covered by EBIT (10.9x coverage).


Balance Sheet

Inventory Level: IREN has a low level of unsold assets or inventory.

Debt Coverage by Assets: IREN's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is Investis Holding's current dividend yield, its reliability and sustainability?

3.17%

Current Dividend Yield


Dividend Yield vs Market

company3.2%marketbottom25%1.9%markettop25%3.7%industryaverage3.3%forecastin3Years3.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: IREN's dividend (3.17%) is higher than the bottom 25% of dividend payers in the Swiss market (1.9%).

High Dividend: IREN's dividend (3.17%) is low compared to the top 25% of dividend payers in the Swiss market (3.68%).

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 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.7%), 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

What is the CEO of Investis Holding's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Stéphane Bonvin (52yo)

4.8yrs

Tenure

CHF916,000

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 ($USD927.20K) is about average for companies of similar size in the Swiss market ($USD981.11K).

Compensation vs Earnings: Stéphane's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.6yrs

Average Tenure

55yo

Average Age

Experienced Management: IREN's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

3.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: IREN's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Laurence Bienz

    Head Investor Relations

    • Tenure: 0yrs
  • Dieter Sommer (54yo)

    Head of Property Management & Member of Executive Board

    • Tenure: 2.5yrs
  • Stéphane Bonvin (52yo)

    CEO, Chairman of Executive Board & Director

    • Tenure: 4.8yrs
    • Compensation: CHF916.00k
  • René Häsler (56yo)

    CFO & Member of Executive Board

    • Tenure: 4.8yrs
  • Christine Hug

    Head of Corporate Communications

    • Tenure: 0yrs
  • Walter Eberle (62yo)

    Head of Facility Services & Member of Executive Board

    • Tenure: 2.5yrs

Board Members

  • Albert Baehny (67yo)

    Independent Vice Chairman

    • Tenure: 2.8yrs
    • Compensation: CHF99.00k
  • Stéphane Bonvin (52yo)

    CEO, Chairman of Executive Board & Director

    • Tenure: 4.8yrs
    • Compensation: CHF916.00k
  • Riccardo Boscardin (67yo)

    Independent Chairman of the Board

    • Tenure: 3.8yrs
    • Compensation: CHF198.00k
  • Thomas Vettiger (54yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: CHF99.00k

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: CHF948.276m
  • Shares outstanding: 12.78m
  • Website: https://www.investisgroup.com

Number of Employees


Location

  • Investis Holding SA
  • Neumühlequai 6
  • Zurich
  • Zurich
  • 8001
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RHVLSE (London Stock Exchange)YesRegistered SharesGBCHFJun 2016
IRENSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJun 2016
IYPDB (Deutsche Boerse AG)YesRegistered SharesDEEURJun 2016

Biography

Investis Holding SA operates as a residential property company in Switzerland. The company operates through Properties and Real Estate Services segments. It develops, sells, and rents residential propertie ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 21:53
End of Day Share Price2019/10/17 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.