SWX:ISN

Stock Analysis Report

Executive Summary

Intershop Holding AG operates as a commercial real estate company in France and internationally.

Snowflake

Fundamentals

Outstanding track record established dividend payer.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.3%

ISN

0.2%

CH Real Estate

-0.6%

CH Market


1 Year Return

13.8%

ISN

23.8%

CH Real Estate

10.7%

CH Market

Return vs Industry: ISN underperformed the Swiss Real Estate industry which returned 23.8% over the past year.

Return vs Market: ISN exceeded the Swiss Market which returned 10.7% over the past year.


Shareholder returns

ISNIndustryMarket
7 Day-1.3%0.2%-0.6%
30 Day2.6%2.8%-0.4%
90 Day9.8%9.0%1.1%
1 Year18.9%13.8%28.4%23.8%16.6%10.7%
3 Year22.8%7.9%40.0%25.1%35.5%21.9%
5 Year92.6%54.0%79.3%47.4%36.8%15.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ISN (CHF547) is trading above our estimate of fair value (CHF279.39)

Significantly Below Fair Value: ISN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ISN is good value based on its PE Ratio (8.3x) compared to the Real Estate industry average (15.8x).

PE vs Market: ISN is good value based on its PE Ratio (8.3x) compared to the Swiss market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ISN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ISN is overvalued based on its PB Ratio (1.6x) compared to the CH Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Intershop Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-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 Intershop 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 Intershop Holding performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ISN's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: ISN's earnings growth over the past year (92.8%) exceeds its 5-year average (14.8% per year).

Earnings vs Industry: ISN earnings growth over the past year (92.8%) exceeded the Real Estate industry 27.3%.


Return on Equity

High ROE: ISN's Return on Equity (20.3%) is considered high.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Intershop Holding's financial position?


Financial Position Analysis

Short Term Liabilities: ISN's short term assets (CHF34.0M) do not cover its short term liabilities (CHF113.4M)

Long Term Liabilities: ISN's short term assets (34.0M) do not cover its long term liabilities (557.6M)


Debt to Equity History and Analysis

Debt Level: ISN's debt to equity ratio (82.3%) is considered high

Reducing Debt: ISN's debt to equity ratio has reduced from 121.7% to 82.3% over the past 5 years.

Debt Coverage: ISN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ISN's interest payments on its debt are well covered by EBIT (12.8x coverage).


Balance Sheet

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

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


Next Steps

Dividend

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

4.02%

Current Dividend Yield


Dividend Yield vs Market

company4.0%marketbottom25%1.9%markettop25%3.7%industryaverage3.3%forecastin3Years4.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ISN's dividend (4.02%) is higher than the bottom 25% of dividend payers in the Swiss market (1.92%).

High Dividend: ISN's dividend (4.02%) is in the top 25% of dividend payers in the Swiss market (3.71%)

Stable Dividend: ISN's dividends per share have been stable in the past 10 years.

Growing Dividend: ISN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.5%), ISN'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 Intershop Holding's salary, the management and board of directors tenure and is there insider trading?

CHF1m

CEO Compensation


CEO

Cyrill Schneuwly (56yo)

11.8yrs

Tenure

CHF1,377,000

Compensation

Mr. Cyrill Schneuwly has been the Chief Executive Officer of Intershop Holding AG since 2008. Mr. Schneuwly also has been a Member of the Executive Board at Intershop Holding AG since 1999. Mr. Schneuwly s ...


CEO Compensation Analysis

Compensation vs. Market: Cyrill's total compensation ($USD1.39M) is about average for companies of similar size in the Swiss market ($USD993.65K).

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


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

  • Thomas Kaul (49yo)

    CFO & Member of Executive Board

    • Tenure: 7.8yrs
  • Marcel Meier

    Executive Officer of Real Estate Management

    • Tenure: 0yrs
  • Cyrill Schneuwly (56yo)

    CEO & Member of Executive Board

    • Tenure: 11.8yrs
    • Compensation: CHF1.38m
  • Elvira Hofmann

    Executive Officer of Real Estate Management

    • Tenure: 0yrs
  • Ruedi Graf

    Executive Officer of Real Estate Management

    • Tenure: 0yrs
  • Markus Bosshard

    Head of Real Estate Sale

    • Tenure: 0yrs
  • Christian Baldinger (54yo)

    Director of Construction & Development and Member of Executive Board

    • Tenure: 0yrs
  • Peter Blaser

    Head of Constructions

    • Tenure: 0yrs
  • Andreas Wirz (49yo)

    Head of Portfolio-Management & Member of the Executive Board

    • Tenure: 0yrs

Board Members

  • Ernst Schaufelberger (65yo)

    Member of the Board of director

    • Tenure: 0yrs
  • Dieter Marmet (53yo)

    President of the Board

    • Tenure: 0yrs
    • Compensation: CHF159.00k
  • Kurt Ritz

    Director

    • Tenure: 0yrs

Company Information

Intershop Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Intershop Holding AG
  • Ticker: ISN
  • Exchange: SWX
  • Founded: 1962
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: CHF1.028b
  • Shares outstanding: 1.88m
  • Website: https://www.intershop.ch

Number of Employees


Location

  • Intershop Holding AG
  • Puls 5-Giessereistrasse 18
  • PO Box 1601
  • Zurich
  • 8031
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ISNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFDec 2003
0R6MLSE (London Stock Exchange)YesRegistered SharesGBCHFDec 2003
ISZNDB (Deutsche Boerse AG)YesRegistered SharesDEEURDec 2003

Biography

Intershop Holding AG operates as a commercial real estate company in France and internationally. The company engages in the rental of office and retail properties, and commercial space. It also develops re ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:34
End of Day Share Price2019/10/22 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.