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.

Risks

  • Investis Holding is covered by less than 3 analysts.

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

-1.1%

SWX:IREN

-2.2%

CH Real Estate

-0.4%

CH Market


1 Year Return

16.4%

SWX:IREN

14.7%

CH Real Estate

6.2%

CH Market

IREN outperformed the Real Estate industry which returned 14.4% over the past year.

IREN outperformed the Market in Switzerland which returned 6.2% over the past year.


Share holder returns

IRENIndustryMarket
7 Day-1.1%-2.2%-0.4%
30 Day0.9%-0.6%4.5%
90 Day5.3%9.1%2.2%
1 Year20.6%16.4%19.3%14.7%11.7%6.2%
3 Year32.5%18.3%33.1%18.9%34.1%17.0%
5 Yearn/a77.8%46.2%33.6%12.7%

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 based on future cash flows and its price relative to the stock market?

6.24x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Investis Holding's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Investis Holding's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Investis Holding is good value based on earnings compared to the CH Real Estate industry average.

Investis Holding is good value based on earnings compared to the Switzerland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Investis Holding, we can't assess if its growth is good value.


Price Based on Value of Assets

Investis Holding is overvalued based on assets compared to the CH Real Estate industry average.


Next Steps

Future Growth

How is Investis Holding expected 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 Estimates


Future Annual Growth Analysis

Investis Holding's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).

Investis Holding's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Investis Holding's revenue growth is positive but not above the Switzerland market average.

Investis Holding's earnings are expected to decrease over the next 1-3 years, this is below the Switzerland market average.

Investis Holding's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Investis Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Investis Holding has delivered over 20% year on year earnings growth in the past 5 years.

Investis Holding's 1-year earnings growth exceeds its 5-year average (180.3% vs 27.6%)

Investis Holding's earnings growth has exceeded the CH Real Estate industry average in the past year (180.3% vs 27.3%).


Return on Equity

Investis Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Investis Holding used its assets more efficiently than the CH Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

Investis Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Investis Holding's financial position?


Financial Position Analysis

Investis Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Investis Holding's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Investis Holding's level of debt (83.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (82.5% vs 83.7% today).

Debt is not well covered by operating cash flow (4.8%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 10.9x coverage).


Balance Sheet

Low level of unsold assets.

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?

3.43%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Investis Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.93%).

Investis Holding's dividend is below the markets top 25% of dividend payers in Switzerland (3.7%).

Whilst dividend payments have been stable, Investis Holding has been paying a dividend for less than 10 years.

Investis Holding has only been paying a dividend for 2 years, and since then there has been no growth.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Stéphane Bonvin (52yo)

4.7yrs

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

Stéphane's remuneration is about average for companies of similar size in Switzerland.

Stéphane's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.5yrs

Average Tenure

55yo

Average Age

The tenure for the Investis Holding management team is about average.


Board Age and Tenure

3.7yrs

Average Tenure

60.5yo

Average Age

The tenure for the Investis Holding board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Laurence Bienz

    Head of Investor Relations

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

    Head of Property Management & Member of Executive Board

    • Tenure: 2.4yrs
  • Stéphane Bonvin (52yo)

    CEO, Chairman of Executive Board & Director

    • Tenure: 4.7yrs
    • Compensation: CHF916.00k
  • René Häsler (56yo)

    CFO & Member of Executive Board

    • Tenure: 4.7yrs
  • Christine Hug

    Head of Corporate Communications

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

    Head of Facility Services & Member of Executive Board

    • Tenure: 2.4yrs

Board Members

  • Albert Baehny (67yo)

    Vice Chairman

    • Tenure: 2.7yrs
    • Compensation: CHF99.00k
  • Stéphane Bonvin (52yo)

    CEO, Chairman of Executive Board & Director

    • Tenure: 4.7yrs
    • Compensation: CHF916.00k
  • Riccardo Boscardin (67yo)

    Independent Chairman of the Board

    • Tenure: 3.7yrs
    • Compensation: CHF198.00k
  • Thomas Vettiger (54yo)

    Independent Director

    • Tenure: 3.7yrs
    • 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: CHF907.380m
  • 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 Analysis2019/09/14 22:36
End of Day Share Price2019/09/13 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.