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WARN

Warteck Invest SWX:WARN Stock Report

Last Price

CHF2.22k

Market Cap

CHF549.5m

7D

-1.8%

1Y

-8.3%

Updated

15 Aug, 2022

Data

Company Financials +
WARN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends4/6

WARN Stock Overview

Warteck Invest AG is involved in the rental of real estate properties such as apartments in Switzerland.

Warteck Invest Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Warteck Invest
Historical stock prices
Current Share PriceCHF2,220.00
52 Week HighCHF2,480.00
52 Week LowCHF2,130.00
Beta0.22
1 Month Change-0.89%
3 Month Change-5.13%
1 Year Change-8.26%
3 Year Change12.12%
5 Year Change15.09%
Change since IPO127.69%

Recent News & Updates

Shareholder Returns

WARNCH Real EstateCH Market
7D-1.8%1.6%0.3%
1Y-8.3%-9.4%-11.8%

Return vs Industry: WARN matched the Swiss Real Estate industry which returned -9.1% over the past year.

Return vs Market: WARN exceeded the Swiss Market which returned -12.5% over the past year.

Price Volatility

Is WARN's price volatile compared to industry and market?
WARN volatility
WARN Average Weekly Movement1.8%
Real Estate Industry Average Movement3.0%
Market Average Movement4.5%
10% most volatile stocks in CH Market7.9%
10% least volatile stocks in CH Market2.4%

Stable Share Price: WARN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: WARN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a12Daniel Petitjeanhttps://www.warteck-invest.ch

Warteck Invest AG is involved in the rental of real estate properties such as apartments in Switzerland. Its portfolio includes 56 properties spread across 11 cantons. Warteck Invest AG is based in Basel and Switzerland.

Warteck Invest Fundamentals Summary

How do Warteck Invest's earnings and revenue compare to its market cap?
WARN fundamental statistics
Market CapCHF549.45m
Earnings (TTM)CHF27.43m
Revenue (TTM)CHF35.99m

20.0x

P/E Ratio

15.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WARN income statement (TTM)
RevenueCHF35.99m
Cost of RevenueCHF5.19m
Gross ProfitCHF30.81m
Other ExpensesCHF3.38m
EarningsCHF27.43m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)110.82
Gross Margin85.59%
Net Profit Margin76.21%
Debt/Equity Ratio94.9%

How did WARN perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

63%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is WARN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WARN?

Other financial metrics that can be useful for relative valuation.

WARN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue26.2x
Enterprise Value/EBITDA36.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does WARN's PE Ratio compare to its peers?

WARN PE Ratio vs Peers
The above table shows the PE ratio for WARN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.9x
VARN Varia US Properties
2.3xn/aCHF505.3m
FREN Fundamenta Real Estate
17.5xn/aCHF506.6m
EPH EPH European Property Holdings
41.5xn/a€412.5m
HIAG HIAG Immobilien Holding
9.6x-10.3%CHF855.3m
WARN Warteck Invest
20xn/aCHF549.5m

Price-To-Earnings vs Peers: WARN is expensive based on its Price-To-Earnings Ratio (20x) compared to the peer average (17.9x).


Price to Earnings Ratio vs Industry

How does WARN's PE Ratio compare vs other companies in the CH Real Estate Industry?

Price-To-Earnings vs Industry: WARN is expensive based on its Price-To-Earnings Ratio (20x) compared to the Swiss Real Estate industry average (11.6x)


Price to Earnings Ratio vs Fair Ratio

What is WARN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WARN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WARN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of WARN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WARN (CHF2220) is trading above our estimate of fair value (CHF1146.27)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if WARN's forecast earnings growth is above the savings rate (-0.2%).

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

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

Revenue vs Market: WARN's revenue (8.5% per year) is forecast to grow faster than the Swiss market (4.3% per year).

High Growth Revenue: WARN's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WARN's Return on Equity is forecast to be low in 3 years time (6%).


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Past Performance

How has Warteck Invest performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WARN has a large one-off gain of CHF13.0M impacting its December 31 2021 financial results.

Growing Profit Margin: WARN's current net profit margins (76.2%) are higher than last year (75.3%).


Past Earnings Growth Analysis

Earnings Trend: WARN's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: WARN's earnings growth over the past year (2.4%) is below its 5-year average (14.3% per year).

Earnings vs Industry: WARN earnings growth over the past year (2.4%) underperformed the Real Estate industry 54.7%.


Return on Equity

High ROE: WARN's Return on Equity (6.6%) is considered low.


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Financial Health

How is Warteck Invest's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WARN's short term assets (CHF10.9M) do not cover its short term liabilities (CHF149.1M).

Long Term Liabilities: WARN's short term assets (CHF10.9M) do not cover its long term liabilities (CHF320.5M).


Debt to Equity History and Analysis

Debt Level: WARN's net debt to equity ratio (94%) is considered high.

Reducing Debt: WARN's debt to equity ratio has reduced from 112.7% to 94.9% over the past 5 years.

Debt Coverage: WARN's debt is not well covered by operating cash flow (4.7%).

Interest Coverage: WARN's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


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Dividend

What is Warteck Invest current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.15%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: WARN's dividend (3.15%) is higher than the bottom 25% of dividend payers in the Swiss market (1.81%).

High Dividend: WARN's dividend (3.15%) is low compared to the top 25% of dividend payers in the Swiss market (3.9%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (63.2%), WARN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (93.8%), WARN's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average management tenure


CEO

Daniel Petitjean (52 yo)

7.25yrs

Tenure

CHF679,000

Compensation

Mr. Daniel Petitjean serves as the Chief Executive Officer of Warteck Invest AG since May 1, 2015 and also serves as its Chairman of Management Board and Secretary. Mr. Petitjean served as Head of Finances...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD718.58K) is below average for companies of similar size in the Swiss market ($USD1.06M).

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


Leadership Team

Experienced Management: WARN's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: WARN's board of directors are considered experienced (3.3 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

Warteck Invest AG's employee growth, exchange listings and data sources


Key Information

  • Name: Warteck Invest AG
  • Ticker: WARN
  • Exchange: SWX
  • Founded: NaN
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: CHF549.450m
  • Shares outstanding: 247.50k
  • Website: https://www.warteck-invest.ch

Number of Employees


Location

  • Warteck Invest AG
  • Grenzacherstrasse 79
  • Basel
  • 4058
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.