ALSO Holding
ALSO Holding AG operates as a service provider for the ICT industry. The last earnings update was 56 days ago. More info.
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ALSN Share Price and Events
7 Day Returns
1 Year Returns
ALSN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| ALSO Holding (ALSN) | 1.3% | 4.1% | 2.6% | 2.2% | 90.9% | 152.9% |
| CH Electronic | 2% | 7.3% | 12.3% | -11% | 44.5% | 61.5% |
| CH Market | 0.5% | 1.1% | 5.5% | 2.7% | 13.2% | 12.5% |
1 Year Return vs Industry and Market
- ALSN outperformed the Electronic industry which returned -11% over the past year.
Value
Is ALSO Holding undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
ALSO Holding
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for ALSO Holding.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.6% |
| Perpetual Growth Rate | 10-Year CH Government Bond Rate | 3.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CH Govt Bond Rate | 3.3% |
| Equity Risk Premium | S&P Global | 6% |
| Electronic Unlevered Beta | Simply Wall St/ S&P Global | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 18%) (33%)) |
1.237 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.24 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.237 * 5.96%) |
10.65% |
Discounted Cash Flow Calculation for SWX:ALSN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for ALSO Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 10.65%) |
|
|---|---|---|---|
| 2019 | 69.63 | Analyst x3 | 62.93 |
| 2020 | 89.15 | Analyst x2 | 72.82 |
| 2021 | 122.93 | Analyst x3 | 90.75 |
| 2022 | 128.10 | Analyst x1 | 85.46 |
| 2023 | 142.30 | Analyst x1 | 85.80 |
| 2024 | 154.17 | Est @ 8.34% | 84.00 |
| 2025 | 164.68 | Est @ 6.82% | 81.10 |
| 2026 | 174.16 | Est @ 5.76% | 77.51 |
| 2027 | 182.89 | Est @ 5.01% | 73.56 |
| 2028 | 191.10 | Est @ 4.49% | 69.47 |
| Present value of next 10 years cash flows | €783.39 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €191.10 × (1 + 3.28%) ÷ (10.65% – 3.28%) |
€2,676.39 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €2,676.39 ÷ (1 + 10.65%)10 |
€972.89 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €783.39 + €972.89 |
€1,756.28 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €1,756.28 / 12.82 |
€136.99 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | EUR/CHF
(Reporting currency to currency of SWX:ALSN) |
1.145 |
| Value per Share (CHF) |
= Value per Share in EUR x Exchange Rate (EUR/CHF)
= €136.99 x 1.145 |
CHF156.9 |
| Value per share (CHF) | From above. | CHF156.90 |
| Current discount | Discount to share price of
CHF127.60
= -1 x (CHF127.60 - CHF156.90) / CHF156.90 |
18.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- ALSO Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- ALSO Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for ALSO Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
ALSO Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €6.33 |
| SWX:ALSN Share Price ** | SWX (2019-04-23) in CHF | CHF127.6 |
| SWX:ALSN Share Price converted to EUR reporting currency | Exchange rate (CHF/ EUR) 0.873 | €111.4 |
| Switzerland Electronic Industry PE Ratio | Median Figure of 9 Publicly-Listed Electronic Companies | 19.81x |
| Switzerland Market PE Ratio | Median Figure of 174 Publicly-Listed Companies | 18.53x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of ALSO Holding.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SWX:ALSN Share Price ÷ EPS (both in EUR) = 111.4 ÷ 6.33 |
17.6x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ALSO Holding is good value based on earnings compared to the CH Electronic industry average.
- ALSO Holding is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does
ALSO Holding's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.6x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
13%per year |
| Switzerland Electronic Industry PEG Ratio | Median Figure of 8 Publicly-Listed Electronic Companies | 1.7x |
| Switzerland Market PEG Ratio | Median Figure of 122 Publicly-Listed Companies | 2.34x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.6x ÷ 13% |
1.35x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ALSO Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
ALSO Holding's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €52.69 |
| SWX:ALSN Share Price * | SWX (2019-04-23) in CHF | CHF127.6 |
| SWX:ALSN Share Price converted to EUR reporting currency | Exchange rate (CHF/ EUR) 0.873 | €111.4 |
| Switzerland Electronic Industry PB Ratio | Median Figure of 11 Publicly-Listed Electronic Companies | 2.66x |
| Switzerland Market PB Ratio | Median Figure of 210 Publicly-Listed Companies | 1.71x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SWX:ALSN Share Price ÷ Book Value per Share (both in EUR) = 111.4 ÷ 52.69 |
2.11x |
* Primary Listing of ALSO Holding.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ALSO Holding is good value based on assets compared to the CH Electronic industry average.
Value checks
We assess ALSO Holding's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) ALSO Holding has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is ALSO Holding expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- ALSO Holding's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
- ALSO Holding's earnings growth is expected to exceed the Switzerland market average.
- ALSO Holding's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SWX:ALSN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 13% |
| SWX:ALSN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 4.3% |
| Switzerland Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 17.6% |
| Switzerland Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 5.5% |
| Switzerland Market Earnings Growth Rate | Market Cap Weighted Average | 9.5% |
| Switzerland Market Revenue Growth Rate | Market Cap Weighted Average | 3.5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 11,399 | 2 | ||
| 2022-12-31 | 10,990 | 2 | ||
| 2021-12-31 | 10,311 | 135 | 120 | 4 |
| 2020-12-31 | 10,025 | 123 | 114 | 4 |
| 2019-12-31 | 9,588 | 97 | 97 | 4 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 9,176 | 88 | 81 |
| 2018-09-30 | 9,059 | 108 | 82 |
| 2018-06-30 | 8,942 | 128 | 83 |
| 2018-03-31 | 8,916 | 112 | 88 |
| 2017-12-31 | 8,891 | 95 | 93 |
| 2017-09-30 | 8,908 | 104 | |
| 2017-06-30 | 8,343 | 81 | 92 |
| 2017-03-31 | 8,132 | 88 | |
| 2016-12-31 | 7,984 | 90 | 83 |
| 2016-09-30 | 7,895 | 79 | |
| 2016-06-30 | 7,893 | 51 | 66 |
| 2016-03-31 | 7,840 | 65 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from ALSO Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 9.43 | 10.08 | 9.01 | 4.00 |
| 2020-12-31 | 8.90 | 9.41 | 8.55 | 4.00 |
| 2019-12-31 | 7.61 | 8.06 | 7.41 | 4.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 6.33 |
| 2018-09-30 | 6.39 |
| 2018-06-30 | 6.44 |
| 2018-03-31 | 6.83 |
| 2017-12-31 | 7.22 |
| 2017-09-30 | 8.09 |
| 2017-06-30 | 7.20 |
| 2017-03-31 | 6.85 |
| 2016-12-31 | 6.50 |
| 2016-09-30 | |
| 2016-06-30 | 5.20 |
| 2016-03-31 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess ALSO Holding's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
ALSO Holding has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has ALSO Holding performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- ALSO Holding's year on year earnings growth rate has been positive over the past 5 years.
- ALSO Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- ALSO Holding's 1-year earnings growth is negative, it can't be compared to the CH Electronic industry average.
Earnings and Revenue History
All data from ALSO Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 9,175.71 | 81.13 | 232.43 | |
| 2018-09-30 | 9,058.65 | 81.90 | 239.76 | |
| 2018-06-30 | 8,941.59 | 82.66 | 247.09 | |
| 2018-03-31 | 8,916.14 | 87.65 | 243.77 | |
| 2017-12-31 | 8,890.69 | 92.63 | 240.44 | |
| 2017-09-30 | 8,907.75 | 103.71 | 176.21 | |
| 2017-06-30 | 8,343.23 | 92.38 | 241.35 | |
| 2017-03-31 | 8,132.41 | 87.79 | 235.29 | |
| 2016-12-31 | 7,984.15 | 83.38 | 229.88 | |
| 2016-09-30 | 7,895.18 | 79.24 | 225.69 | |
| 2016-06-30 | 7,892.84 | 66.49 | 227.08 | |
| 2016-03-31 | 7,839.78 | 65.34 | 231.69 | |
| 2015-12-31 | 7,792.08 | 63.14 | 232.09 | |
| 2015-09-30 | 7,699.88 | 59.02 | 248.78 | |
| 2015-06-30 | 7,628.61 | 64.76 | 240.04 | |
| 2015-03-31 | 7,483.58 | 61.42 | 227.78 | |
| 2014-12-31 | 7,237.78 | 61.42 | 217.18 | |
| 2014-09-30 | 6,984.78 | 55.53 | 210.83 | |
| 2014-06-30 | 6,771.77 | 55.26 | 204.62 | |
| 2014-03-31 | 6,557.78 | 51.63 | 202.03 | |
| 2013-12-31 | 6,532.58 | 50.43 | 198.13 | |
| 2013-09-30 | 6,509.87 | 47.93 | 193.04 | |
| 2013-06-30 | 6,468.68 | 42.30 | 194.47 | |
| 2013-03-31 | 6,417.87 | 43.53 | 191.14 | |
| 2012-12-31 | 6,296.97 | 45.62 | 191.16 | |
| 2012-09-30 | 6,159.30 | 41.71 | 163.18 | |
| 2012-06-30 | 6,221.62 | 39.19 | 186.43 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- ALSO Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- ALSO Holding used its assets less efficiently than the CH Electronic industry average last year based on Return on Assets.
- ALSO Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess ALSO Holding's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
ALSO Holding has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is ALSO Holding's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up ALSO Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
- ALSO Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- ALSO Holding's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 4.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from ALSO Holding Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 675.73 | 471.40 | 240.41 |
| 2018-09-30 | 675.73 | 471.40 | 240.41 |
| 2018-06-30 | 619.17 | 356.94 | 181.13 |
| 2018-03-31 | 619.17 | 356.94 | 181.13 |
| 2017-12-31 | 623.30 | 478.28 | 235.56 |
| 2017-09-30 | 623.30 | 478.28 | 235.56 |
| 2017-06-30 | 571.54 | 246.82 | 46.17 |
| 2017-03-31 | 571.54 | 246.82 | 46.17 |
| 2016-12-31 | 565.18 | 274.04 | 55.48 |
| 2016-09-30 | 511.40 | 247.30 | 16.90 |
| 2016-06-30 | 493.44 | 249.79 | 16.82 |
| 2016-03-31 | 484.60 | 239.80 | 9.50 |
| 2015-12-31 | 492.81 | 316.24 | 40.00 |
| 2015-09-30 | 459.70 | 238.40 | 7.40 |
| 2015-06-30 | 459.21 | 254.50 | 10.63 |
| 2015-03-31 | 451.30 | 242.70 | 9.20 |
| 2014-12-31 | 453.95 | 239.50 | 24.16 |
| 2014-09-30 | 432.70 | 222.80 | 5.90 |
| 2014-06-30 | 422.85 | 228.62 | 6.74 |
| 2014-03-31 | 418.10 | 140.60 | 7.60 |
| 2013-12-31 | 421.28 | 133.69 | 41.63 |
| 2013-09-30 | 398.20 | 0.00 | 25.80 |
| 2013-06-30 | 389.29 | 123.61 | 17.26 |
| 2013-03-31 | 386.20 | 0.00 | 6.20 |
| 2012-12-31 | 388.79 | 131.58 | 5.55 |
| 2012-09-30 | 372.00 | 0.00 | 5.50 |
| 2012-06-30 | 366.86 | 0.00 | 10.33 |
- ALSO Holding's level of debt (69.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (31.8% vs 69.8% today).
- Debt is not well covered by operating cash flow (18.7%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).
Financial health checks
We assess ALSO Holding's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) ALSO Holding has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is ALSO Holding's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CHF2,000 of
ALSO Holding
shares you are expected to receive
CHF47
in your first year as a dividend.
Dividend Amount
- ALSO Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.9%).
- ALSO Holding's dividend is below the markets top 25% of dividend payers in Switzerland (3.55%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Switzerland Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 9 Stocks | 2.8% |
| Switzerland Market Average Dividend Yield | Market Cap Weighted Average of 167 Stocks | 3.1% |
| Switzerland Minimum Threshold Dividend Yield | 10th Percentile | 1.3% |
| Switzerland Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| Switzerland Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 3.23 | 4.00 |
| 2020-12-31 | 3.01 | 4.00 |
| 2019-12-31 | 2.76 | 4.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-29 | 2.619 | 2.372 |
| 2018-03-27 | 2.293 | 2.303 |
| 2017-03-21 | 1.904 | 1.738 |
| 2016-02-23 | 1.709 | 2.374 |
| 2015-02-17 | 1.436 | 2.683 |
| 2014-02-17 | 1.145 | 2.675 |
| 2013-02-11 | 0.952 | 2.541 |
| 2013-01-15 | 0.962 | 2.529 |
| 2012-07-26 | 0.700 | 1.912 |
| 2012-02-13 | 0.700 | 2.111 |
| 2011-07-29 | 0.000 | 0.000 |
| 2011-07-28 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, ALSO Holding has been paying a dividend for less than 10 years.
- Dividend payments have increased, but ALSO Holding only paid a dividend in the past 7 years.
Income/ dividend checks
We assess ALSO Holding's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can ALSO Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) ALSO Holding has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €2,585,000 |
| AGE | 56 |
| TENURE AS CEO | 6.8 years |
CEO Bio
Prof. Gustavo Möller-Hergt has been the Chief Executive Officer of ALSO Holding AG (also known as, ALSO-Actebis Holding AG) since July 1, 2012 and also has been its Chairman since March 13, 2014. Prof. Möller-Hergt served as the Managing Director of Droege Capital GmbH. Prof. Möller-Hergt served as the Chief Executive Officer of Warsteiner Gruppe (BRD). Prof. Möller-Hergt served as the Chief Operating Officer and Managing Director of Germany/Austria at ALSO Holding AG since February 9, 2011. Prof. Möller-Hergt served as the Managing Director of Warsteiner Brauerei Haus Cramer KG. Prof. Möller-Hergt is Board of Trustees of the Bamberg Symphony Orchestra, Bamberg, Germany. Prof. Möller-Hergt served as the Chief Financial Officer of Warsteiner Group and Chief Operating Officer of Warsteiner Group (Germany). Prof. Möller-Hergt served as the Chief Operating Officer of CCU Group (Chile). Prof. Möller-Hergt served as the Chairman of CASA Isenbeck (Argentinien). Prof. Möller-Hergt served as a Director of SIAC (Cameroon). Prof. Möller-Hergt graduated with an engineering degree from Munich`s Technical University, graduate of the Harvard Business School, USA and obtained a doctorate at the Berlin Technical University in Germany.
CEO Compensation
- Gustavo's compensation has been consistent with company performance over the past year.
- Gustavo's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure
Average tenure and age of the ALSO Holding management team in years:
- The average tenure for the ALSO Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Gustavo Möller-Hergt
Chairman & CEO
€3M
56
6.8 yrs
Ralf Retzko
Chief Financial Officer
51
8.2 yrs
Joachim Streitberg
Chief Information Officer
48
Thomas Meyerhans
General Counsel
37
Jan Bogdanovich
Chief Transformation Officer
32
4.9 yrs
Jörg Römer
Head of E-Business Unit
Volkan Weissenberg
Senior Vice President of Vendor Management
39
6.3 yrs
Harald Wojnowski
Managing Director of ALSO Switzerland
54
Laurent Mitais
Senior Vice President of Mergers & Acquisitions
55
Hanna Osetek-Pasquet
Managing Director of ALSO Poland
33
Board of Directors Tenure
Average tenure and age of the ALSO Holding board of directors in years:
- The tenure for the ALSO Holding board of directors is about average.
Board of Directors
Gustavo Möller-Hergt
Chairman & CEO
€3M
56
5.1 yrs
Walter P. Droege
Vice Chairman & Lead Director
€140K
66
8.2 yrs
Rudolf Marty
Non-Executive Director
€94K
69
25.8 yrs
Peter Athanas
Non-Executive Director
€106K
64
5.1 yrs
Frank Tanski
Non-Executive Director
€95K
54
8.2 yrs
Ernest-W. Droege
Director
€80K
3.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CHF) | Value (CHF) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess ALSO Holding's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) ALSO Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
How Financially Strong Is ALSO Holding AG (VTX:ALSN)?
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.
Simply Wall St - – Full articleDoes ALSO Holding AG (VTX:ALSN) Create Value For Shareholders?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows ALSO Holding has a return on equity of 12% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleShareholders Are Thrilled That The ALSO Holding (VTX:ALSN) Share Price Increased 151%
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … This EPS growth is lower than the 20% average annual increase in the share price.
Simply Wall St - – Full articleALSO Holding AG (VTX:ALSN): Should The Recent Earnings Drop Worry You?
Below, I will assess ALSN's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … ALSN's trailing twelve-month earnings (from 31 December 2018) of €81m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 12%, indicating the rate at which ALSN is growing has slowed down
Simply Wall St - – Full articleDon’t Buy ALSO Holding AG (VTX:ALSN) Until You Understand Its ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleIs ALSO Holding AG (VTX:ALSN) An Attractive Dividend Stock?
Historically, ALSO Holding AG (VTX:ALSN) has been paying a dividend to shareholders. … Let's take a look at ALSO Holding in more detail. … 5 checks you should do on a dividend stock
Simply Wall St - – Full articleWhy ALSO Holding AG's (VTX:ALSN) CEO Pay Matters To You
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Gustavo Möller-Hergt's Compensation Compare With Similar Sized Companies. … According to our data, ALSO Holding AG has a market capitalization of CHF1.7b, and pays its CEO total annual compensation worth €2.6m.
Simply Wall St - – Full articleALSO Holding AG (VTX:ALSN) Has Attractive Fundamentals
Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on ALSO Holding AG (VTX:ALSN) due to its excellent fundamentals in more than one area. … is a company that has been able to sustain great financial health, trading at an attractive share price
Simply Wall St - – Full articleALSO Holding AG (VTX:ALSN): The Yield That Matters The Most
What is left after investment, determines the value of the stock since this cash flow technically belongs to investors of the company. … I will take you through ALSO Holding’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … ALSO Holding generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating
Simply Wall St - – Full articleIs There An Opportunity With ALSO Holding AG's (VTX:ALSN) 34.13% Undervaluation?
In this article I am going to calculate the intrinsic value of ALSO Holding AG (VTX:ALSN). … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleCompany Info
Description
ALSO Holding AG operates as a service provider for the ICT industry. The company offers various ICT product categories of hardware, software, and information technology (IT) services. It also provides customized services in the logistics, finance, IT, and digital services sectors, as well as traditional distribution services. The company serves retailers, e-tailers, corporate customers, value-added resellers, small and medium-sized business resellers, and others. It has operations in Austria, France, Germany, Switzerland, Belgium, Denmark, Estonia, Finland, Latvia, Lithuania, the Netherlands, Norway, Poland, Slovenia, and Sweden. The company was formerly known as ALSO-Actebis Holding AG and changed its name to ALSO Holding AG in March 2013. The company was founded in 1984 and is headquartered in Emmen, Switzerland. ALSO Holding AG operates as a subsidiary of Droege International Group AG.
Details
| Name: | ALSO Holding AG |
| ALSN | |
| Exchange: | SWX |
| Founded: | 1984 |
| CHF1,635,943,394 | |
| 12,820,873 | |
| Website: | http://www.also.com |
| Address: |
ALSO Holding AG Meierhofstrasse 5, Emmen, 6032, Switzerland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SWX | ALSN | Registered Shares | SIX Swiss Exchange | CH | CHF | 09. Feb 2011 | |
| DB | 9AS | Registered Shares | Deutsche Boerse AG | DE | EUR | 09. Feb 2011 | |
| LSE | 0QLW | Registered Shares | London Stock Exchange | GB | CHF | 09. Feb 2011 | |
| BATS-CHIXE | ALSNZ | Registered Shares | BATS 'Chi-X Europe' | GB | CHF | 09. Feb 2011 |
Number of employees
Current staff
Industry
| Technology Distributors | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 21:45 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/03/28 |
| Last earnings filing: | 2019/02/26 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
