SWX:CICN

Stock Analysis Report

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Cicor Technologies

Executive Summary

Cicor Technologies Ltd. develops and manufactures electronic and plastic components worldwide. More Details


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Cicor Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CICN is more volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CICN's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Swiss stocks.


Market Performance


7 Day Return

5.0%

CICN

1.3%

CH Electronic

0.05%

CH Market


1 Year Return

-16.0%

CICN

10.2%

CH Electronic

1.0%

CH Market

Return vs Industry: CICN underperformed the Swiss Electronic industry which returned 10.2% over the past year.

Return vs Market: CICN underperformed the Swiss Market which returned 1% over the past year.


Shareholder returns

CICNIndustryMarket
7 Day5.0%1.3%0.05%
30 Day14.4%3.7%4.0%
90 Day24.2%-1.1%1.6%
1 Year-12.6%-16.0%11.9%10.2%4.5%1.0%
3 Year-0.9%-7.5%16.7%8.6%18.6%4.0%
5 Year97.9%84.8%133.1%107.2%36.3%13.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

21.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CICN (CHF46.2) is trading above our estimate of fair value (CHF18.04)

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 (21.4x) compared to the CH Electronic industry average (31.2x).

PE vs Market: CICN is good value based on its PE Ratio (21.4x) compared to the Swiss market (22.7x).


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 (1.8x) compared to the CH Electronic industry average (3.2x).


Next Steps

Future Growth

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

3.5%

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 (-0.2%).

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 (3.5% per year) is forecast to grow slower than the Swiss market (4.7% per year).

High Growth Revenue: CICN's revenue (3.5% 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 (10.2%).


Next Steps

Past Performance

How has Cicor Technologies performed over the past 5 years?

42.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CICN has high quality earnings.

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


Past Earnings Growth Analysis

Earnings Trend: CICN's earnings have grown significantly by 42.7% per year over the past 5 years.

Accelerating Growth: CICN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CICN had negative earnings growth (-29.1%) over the past year, making it difficult to compare to the Electronic industry average (-7.9%).


Return on Equity

High ROE: CICN's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

How is Cicor Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: CICN's short term assets (CHF127.9M) exceed its short term liabilities (CHF49.5M).

Long Term Liabilities: CICN's short term assets (CHF127.9M) exceed its long term liabilities (CHF60.0M).


Debt to Equity History and Analysis

Debt Level: CICN's debt to equity ratio (77.7%) is considered high.

Reducing Debt: CICN's debt to equity ratio has reduced from 78.7% to 77.7% over the past 5 years.

Debt Coverage: CICN's debt is well covered by operating cash flow (37.3%).

Interest Coverage: CICN's interest payments on its debt are well covered by EBIT (30x coverage).


Balance Sheet


Next Steps

Dividend

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

3.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CICN's dividend (3.25%) is higher than the bottom 25% of dividend payers in the Swiss market (1.88%).

High Dividend: CICN's dividend (3.25%) is low compared to the top 25% of dividend payers in the Swiss market (3.69%).


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 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.5%), CICN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CICN's dividends in 3 years are forecast to be well covered by earnings (35.2% payout ratio).


Next Steps

Management

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

CHF929k

CEO Compensation


CEO

Alexander Hagemann (58 yo)

4.17yrs

Tenure

CHF929,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Alexander's total compensation ($USD1.02M) is above average for companies of similar size in the Swiss market ($USD482.89K).

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


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 company bio, 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: CHF132.374m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CICNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFApr 1998
CRLNDB (Deutsche Boerse AG)YesRegistered SharesDEEURApr 1998
0QPRLSE (London Stock Exchange)YesRegistered SharesGBCHFApr 1998

Biography

Cicor Technologies Ltd. develops and manufactures electronic and plastic components worldwide. The company operates in two divisions, AMS and ES. It manufactures and processes rigid, flexible, and rigid-fl...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 22:02
End of Day Share Price2020/11/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.