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CICN

Cicor TechnologiesSWX:CICN Stock Report

Market Cap

CHF165.4m

7D

-1.7%

1Y

42.5%

Updated

26 Oct, 2021

Data

Company Financials +
CICN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends3/6

CICN Overview

Cicor Technologies Ltd. engages in the development and manufacture of electronic components and systems worldwide.

Cicor Technologies Competitors

Unimicron Technology

TWSE:3037

NT$230.1b

AT & S Austria Technologie & Systemtechnik

WBAG:ATS

€1.3b

Benchmark Electronics

NYSE:BHE

US$920.2m

Neways Electronics International

ENXTAM:NEWAY

€176.5m

Price History & Performance

Summary of all time highs, changes and price drops for Cicor Technologies
Historical stock prices
Current Share PriceCHF57.00
52 Week HighCHF39.20
52 Week LowCHF64.60
Beta1.08
1 Month Change-3.39%
3 Month Change-10.38%
1 Year Change42.50%
3 Year Change14.00%
5 Year Change134.09%
Change since IPO-87.60%

Recent News & Updates

May 29
At CHF48.00, Is It Time To Put Cicor Technologies Ltd. (VTX:CICN) On Your Watch List?

At CHF48.00, Is It Time To Put Cicor Technologies Ltd. (VTX:CICN) On Your Watch List?

Cicor Technologies Ltd. ( VTX:CICN ), might not be a large cap stock, but it received a lot of attention from a...

Apr 29
Cicor Technologies Ltd. (VTX:CICN) Is Yielding 2.1% - But Is It A Buy?

Cicor Technologies Ltd. (VTX:CICN) Is Yielding 2.1% - But Is It A Buy?

Dividend paying stocks like Cicor Technologies Ltd. ( VTX:CICN ) tend to be popular with investors, and for good reason...

Shareholder Returns

CICNCH ElectronicCH Market
7D-1.7%-1.5%0.4%
1Y42.5%41.6%22.4%

Return vs Industry: CICN matched the Swiss Electronic industry which returned 41.6% over the past year.

Return vs Market: CICN exceeded the Swiss Market which returned 22.4% over the past year.

Price Volatility

Is CICN's price volatile compared to industry and market?
CICN volatility
CICN Beta1.08
Industry Beta0.95
Market Beta1

Stable Share Price: CICN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CICN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19661,990Alexander Hagemannhttps://www.cicor.com

Cicor Technologies Ltd. engages in the development and manufacture of electronic components and systems worldwide. The company operates in two divisions, AMS and ES. It develops and produces rigid, rigid-flexible, and flexible printed circuit boards; thin and thick-film substrates and hybrid circuits; and printed electronics.

Cicor Technologies Fundamentals Summary

How do Cicor Technologies's earnings and revenue compare to its market cap?
CICN fundamental statistics
Market CapCHF165.41m
Earnings (TTM)CHF7.66m
Revenue (TTM)CHF222.56m

21.6x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CICN income statement (TTM)
RevenueCHF222.56m
Cost of RevenueCHF118.21m
Gross ProfitCHF104.35m
ExpensesCHF96.69m
EarningsCHF7.66m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Mar 10, 2022

Earnings per share (EPS)2.64
Gross Margin46.89%
Net Profit Margin3.44%
Debt/Equity Ratio67.9%

How did CICN perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

38%

Payout Ratio

Valuation

Is Cicor Technologies undervalued compared to its fair value and its price relative to the market?

21.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CICN (CHF57) is trading above our estimate of fair value (CHF20.64)

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


Price To Earnings Ratio

PE vs Industry: CICN is good value based on its PE Ratio (21.6x) compared to the Swiss Electronic industry average (27.1x).

PE vs Market: CICN is poor value based on its PE Ratio (21.6x) compared to the Swiss market (21x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CICN is good value based on its PB Ratio (2.1x) compared to the CH Electronic industry average (3.6x).


Future Growth

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

7.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CICN's forecast earnings growth is above the savings rate (-0.3%).

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

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

Revenue vs Market: CICN's revenue (7.3% per year) is forecast to grow faster than the Swiss market (5.1% per year).

High Growth Revenue: CICN's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CICN's Return on Equity is forecast to be low in 3 years time (12.5%).


Past Performance

How has Cicor Technologies performed over the past 5 years?

24.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CICN has high quality earnings.

Growing Profit Margin: CICN's current net profit margins (3.4%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: CICN has become profitable over the past 5 years, growing earnings by 24.7% per year.

Accelerating Growth: CICN's earnings growth over the past year (22.9%) is below its 5-year average (24.7% per year).

Earnings vs Industry: CICN earnings growth over the past year (22.9%) underperformed the Electronic industry 46.6%.


Return on Equity

High ROE: CICN's Return on Equity (9.6%) is considered low.


Financial Health

How is Cicor Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: CICN's short term assets (CHF138.1M) exceed its short term liabilities (CHF50.5M).

Long Term Liabilities: CICN's short term assets (CHF138.1M) exceed its long term liabilities (CHF60.0M).


Debt to Equity History and Analysis

Debt Level: CICN's debt to equity ratio (67.9%) is considered high.

Reducing Debt: CICN's debt to equity ratio has reduced from 81.1% to 67.9% over the past 5 years.

Debt Coverage: CICN's debt is not well covered by operating cash flow (19.9%).

Interest Coverage: CICN's interest payments on its debt are well covered by EBIT (110.9x coverage).


Balance Sheet


Dividend

What is Cicor Technologies's current dividend yield, its reliability and sustainability?

1.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CICN's dividend (1.75%) is higher than the bottom 25% of dividend payers in the Swiss market (1.38%).

High Dividend: CICN's dividend (1.75%) is low compared to the top 25% of dividend payers in the Swiss market (3.61%).


Stability and Growth of Payments

Stable Dividend: CICN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CICN's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38%), CICN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CICN's dividends in 3 years are forecast to be well covered by earnings (35.3% payout ratio).


Next Steps

Management

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

0.5yrs

Average board tenure


CEO

Alexander Hagemann (59 yo)

5.08yrs

Tenure

CHF764,000

Compensation

Mr. Alexander Hagemann has been Chief Executive Officer at Cicor Technologies Ltd. since September 01, 2016. Mr. Hagemann served as the Chief Executive Officer of Schaffner Holding AG since March 1, 2007 u...


CEO Compensation Analysis

Compensation vs Market: Alexander's total compensation ($USD830.24K) is about average for companies of similar size in the Swiss market ($USD713.17K).

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


Board Members

Experienced Board: CICN's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


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

Cicor Technologies Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cicor Technologies Ltd.
  • Ticker: CICN
  • Exchange: SWX
  • Founded: 1966
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: CHF165.413m
  • Shares outstanding: 2.90m
  • Website: https://www.cicor.com

Number of Employees


Location

  • Cicor Technologies Ltd.
  • Route de l’Europe 8
  • Boudry
  • Neuchâtel
  • 2017
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:10
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.