SWX:IREN

Stock Analysis Report

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Executive Summary

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


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

-0.4%

IREN

0.4%

CH Real Estate

1.1%

CH Market


1 Year Return

23.8%

IREN

-3.8%

CH Real Estate

4.4%

CH Market

Return vs Industry: IREN exceeded the Swiss Real Estate industry which returned -3.8% over the past year.

Return vs Market: IREN exceeded the Swiss Market which returned 4.4% over the past year.


Shareholder returns

IRENIndustryMarket
7 Day-0.4%0.4%1.1%
30 Day5.2%2.0%2.8%
90 Day2.1%1.0%4.3%
1 Year27.3%23.8%-0.5%-3.8%8.0%4.4%
3 Year71.1%54.5%23.9%10.8%23.0%8.1%
5 Yearn/a58.2%27.6%46.2%21.8%

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?

10.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IREN (CHF88.4) is trading above our estimate of fair value (CHF60.5)

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 (10x) compared to the CH Real Estate industry average (15x).

PE vs Market: IREN is good value based on its PE Ratio (10x) compared to the Swiss market (22.8x).


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 (1.5x) 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?

-4.9%

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

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 (2.5%).


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?

2.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IREN's dividend (2.66%) is higher than the bottom 25% of dividend payers in the Swiss market (1.91%).

High Dividend: IREN's dividend (2.66%) is low compared to the top 25% of dividend payers in the Swiss market (3.71%).


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 3 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?

4.5yrs

Average management tenure


CEO

Stéphane Bonvin (53 yo)

5.67yrs

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

NamePositionTenureCompensationOwnership
Stéphane Bonvin
CEO, Chairman of Executive Board & Director5.67yrsCHF1.07m77.77%
CHF 874.1m
René Häsler
CFO & Member of Executive Board5.67yrsno data0.13%
CHF 1.5m
Walter Eberle
Head Real Estate Services & Member of Executive Board3.42yrsno data0.11%
CHF 1.2m
Laurence Bienz
Head of Investor & Media Relationsno datano datano data
Michele Goepfert
Head of the Facility Services0.67yrno datano data

4.5yrs

Average Tenure

57yo

Average Age

Experienced Management: IREN's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stéphane Bonvin
CEO, Chairman of Executive Board & Director5.67yrsCHF1.07m77.77%
CHF 874.1m
Albert Baehny
Independent Vice Chairman3.67yrsCHF112.00k0.16%
CHF 1.8m
Riccardo Boscardin
Independent Chairman of the Board4.67yrsCHF226.00k0.046%
CHF 515.5k
Thomas Vettiger
Independent Director4.67yrsCHF114.00k0.027%
CHF 301.9k

4.7yrs

Average Tenure

61.5yo

Average Age

Experienced Board: IREN's board of directors are considered experienced (4.7 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: CHF1.124b
  • Shares outstanding: 12.72m
  • 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. It operates through Properties and Real Estate Services segments. The company 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 Analysis2020/09/21 04:31
End of Day Share Price2020/09/18 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.