Loading...

Comet Holding

SWX:COTN
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COTN
SWX
CHF795M
Market Cap
  1. Home
  2. CH
  3. Tech
Company description

Comet Holding AG, together with its subsidiaries, provides X-ray, radio frequency (RF), and ebeam technology solutions in Europe, Asia, and internationally. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
COTN Share Price and Events
7 Day Returns
6.1%
SWX:COTN
1.8%
CH Electronic
0.7%
CH Market
1 Year Returns
-24.9%
SWX:COTN
-10.4%
CH Electronic
2.9%
CH Market
COTN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Comet Holding (COTN) 6.1% 20.2% 14.5% -24.9% 54.6% 85.7%
CH Electronic 1.8% 7% 11.6% -10.4% 44.2% 60.2%
CH Market 0.7% -0.2% 4.9% 2.9% 12.7% 12.6%
1 Year Return vs Industry and Market
  • COTN underperformed the Electronic industry which returned -10.4% over the past year.
  • COTN underperformed the Market in Switzerland which returned 2.9% over the past year.
Price Volatility
COTN
Industry
5yr Volatility vs Market

COTN Value

 Is Comet 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 Comet 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Comet Holding.

SWX:COTN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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.

Calculation of Discount Rate/ Cost of Equity for SWX:COTN
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))
= 1.067 (1 + (1- 18%) (8.53%))
1.095
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.095 * 5.96%)
9.8%

Discounted Cash Flow Calculation for SWX:COTN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Comet 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.

SWX:COTN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 9.8%)
2019 13.60 Analyst x2 12.39
2020 29.40 Analyst x2 24.39
2021 37.10 Analyst x1 28.02
2022 43.48 Est @ 17.2% 29.91
2023 49.15 Est @ 13.03% 30.79
2024 54.11 Est @ 10.1% 30.88
2025 58.47 Est @ 8.05% 30.38
2026 62.34 Est @ 6.62% 29.50
2027 65.84 Est @ 5.62% 28.38
2028 69.07 Est @ 4.91% 27.11
Present value of next 10 years cash flows CHF271.76
SWX:COTN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF69.07 × (1 + 3.28%) ÷ (9.8% – 3.28%)
CHF1,092.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF1,092.90 ÷ (1 + 9.8%)10
CHF429.02
SWX:COTN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF271.76 + CHF429.02
CHF700.77
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF700.77 / 7.76
CHF90.31
SWX:COTN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF90.31
Current discount Discount to share price of CHF102.50
= -1 x (CHF102.50 - CHF90.31) / CHF90.31
-13.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Comet Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Comet Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Comet Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:COTN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF1.58
SWX:COTN Share Price ** SWX (2019-04-18) in CHF CHF102.5
Switzerland Electronic Industry PE Ratio Median Figure of 9 Publicly-Listed Electronic Companies 19.84x
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 Comet Holding.

SWX:COTN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:COTN Share Price ÷ EPS (both in CHF)

= 102.5 ÷ 1.58

64.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comet Holding is overvalued based on earnings compared to the CH Electronic industry average.
  • Comet Holding is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Comet Holding's expected growth come at a high price?
Raw Data
SWX:COTN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 64.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
34.7%per year
Switzerland Electronic Industry PEG Ratio Median Figure of 8 Publicly-Listed Electronic Companies 1.71x
Switzerland Market PEG Ratio Median Figure of 122 Publicly-Listed Companies 2.35x

*Line of best fit is calculated by linear regression .

SWX:COTN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 64.76x ÷ 34.7%

1.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comet Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Comet Holding's assets?
Raw Data
SWX:COTN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF25.78
SWX:COTN Share Price * SWX (2019-04-18) in CHF CHF102.5
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
SWX:COTN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:COTN Share Price ÷ Book Value per Share (both in CHF)

= 102.5 ÷ 25.78

3.98x

* Primary Listing of Comet Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comet Holding is overvalued based on assets compared to the CH Electronic industry average.
X
Value checks
We assess Comet Holding's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Comet Holding has a total score of 0/6, 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.

COTN Future Performance

 How is Comet Holding expected to perform in the next 1 to 3 years based on estimates from 5 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!
Annual Growth Rate
34.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Comet Holding expected to grow at an attractive rate?
  • Comet Holding's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Comet Holding's earnings growth is expected to exceed the Switzerland market average.
  • Comet Holding's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:COTN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:COTN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 34.7%
SWX:COTN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5%
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
Raw Data
SWX:COTN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:COTN Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 580 1
2022-12-31 535 1
2021-12-31 475 59 42 4
2020-12-31 438 48 33 5
2019-12-31 407 35 26 5
SWX:COTN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 436 22 12
2018-09-30 445 22
2018-06-30 448 41 31
2018-03-31 443 39 33
2017-12-31 443 38 35
2017-09-30 426 34 37
2017-06-30 405 30 37
2017-03-31 369 32 32
2016-12-31 332 33 27
2016-09-30 317 33 26
2016-06-30 302 33 24
2016-03-31 292 34 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Comet Holding's earnings are expected to grow significantly at over 20% yearly.
  • Comet Holding's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:COTN 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 5 Analyst Estimates (S&P Global) See Below

All data from Comet Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:COTN Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.50 5.56 5.44 3.00
2020-12-31 4.46 5.02 4.00 4.00
2019-12-31 3.05 3.76 2.41 3.00
SWX:COTN Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 1.58
2018-09-30 2.79
2018-06-30 4.02
2018-03-31 4.30
2017-12-31 4.56
2017-09-30 4.80
2017-06-30 4.83
2017-03-31 4.18
2016-12-31 3.53
2016-09-30 3.32
2016-06-30 3.10
2016-03-31 2.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Comet Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Comet Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Comet Holding has a total score of 4/6, 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.

COTN Past Performance

  How has Comet 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
Below we compare Comet Holding's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Comet Holding's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Comet Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Comet Holding's 1-year earnings growth is negative, it can't be compared to the CH Electronic industry average.
Earnings and Revenue History
Comet Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Comet Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:COTN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 436.36 12.28 92.50 53.68
2018-09-30 444.74 21.66 93.93 52.94
2018-06-30 448.11 31.17 95.36 54.06
2018-03-31 443.23 33.32 91.25 51.51
2017-12-31 443.37 35.34 87.13 47.10
2017-09-30 425.68 37.21 80.43 45.19
2017-06-30 405.29 37.41 73.74 42.20
2017-03-31 368.87 32.37 70.31 39.83
2016-12-31 332.44 27.34 66.89 37.47
2016-09-30 317.21 25.67 64.09 34.60
2016-06-30 301.99 24.01 61.30 31.73
2016-03-31 292.16 20.56 59.32 30.32
2015-12-31 282.32 17.11 57.34 28.92
2015-09-30 283.87 20.32 57.11 28.54
2015-06-30 285.41 23.53 56.87 28.17
2015-03-31 286.65 24.90 57.16 28.55
2014-12-31 287.90 26.28 57.45 28.94
2014-09-30 282.03 22.06 56.68 28.19
2014-06-30 276.17 17.84 55.91 27.43
2014-03-31 262.90 16.97 53.79 26.51
2013-12-31 249.63 16.09 51.67 25.60
2013-09-30 233.00 10.88 50.30 25.80
2013-06-30 216.37 5.67 48.92 26.01
2013-03-31 215.38 5.68 48.27 26.45
2012-12-31 214.40 5.68 47.61 26.89
2012-09-30 209.35 6.65 46.17 26.59
2012-06-30 204.29 7.37 44.70 26.36

*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.
  • Comet Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Comet Holding used its assets less efficiently than the CH Electronic industry average last year based on Return on Assets.
  • Comet Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Comet Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Comet 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.

COTN Health

 How is Comet 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 Comet Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Comet Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Comet Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Comet Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x 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.
Raw Data

All data from Comet Holding Company Filings, last reported 3 months ago.

SWX:COTN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 200.04 67.81 43.01
2018-09-30 200.04 67.81 43.01
2018-06-30 206.00 67.82 32.60
2018-03-31 206.00 67.82 32.60
2017-12-31 201.55 67.87 60.42
2017-09-30 206.43 67.87 60.42
2017-06-30 184.87 67.90 47.03
2017-03-31 184.87 67.90 47.03
2016-12-31 176.35 70.43 74.83
2016-09-30 176.35 70.43 74.83
2016-06-30 161.38 70.46 56.99
2016-03-31 161.38 70.46 56.99
2015-12-31 162.21 22.04 24.30
2015-09-30 162.21 22.04 24.30
2015-06-30 143.22 38.85 18.40
2015-03-31 143.22 38.85 18.40
2014-12-31 159.77 20.57 18.56
2014-09-30 159.77 20.57 18.56
2014-06-30 136.41 31.75 19.52
2014-03-31 136.41 31.75 19.52
2013-12-31 137.85 31.90 18.21
2013-09-30 137.85 31.90 18.21
2013-06-30 120.80 40.39 10.80
2013-03-31 120.80 40.39 10.80
2012-12-31 115.82 42.62 16.74
2012-09-30 117.79 42.62 16.74
2012-06-30 116.99 47.17 13.66
  • Comet Holding's level of debt (33.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (23.1% vs 33.9% today).
  • Debt is well covered by operating cash flow (33.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 35.6x coverage).
X
Financial health checks
We assess Comet Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Comet Holding has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

COTN Dividends

 What is Comet 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
Dividend payments
1.17%
Current annual income from Comet Holding dividends. Estimated to be 1.53% next year.
If you bought CHF2,000 of Comet Holding shares you are expected to receive CHF23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Comet Holding's pays a lower dividend yield than the bottom 25% of dividend payers in Switzerland (1.91%).
  • Comet Holding's dividend is below the markets top 25% of dividend payers in Switzerland (3.55%).
Upcoming dividend payment

Purchase Comet Holding before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
SWX:COTN Annualized Past and Future Dividends
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 5 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.

SWX:COTN Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.98 4.00
2020-12-31 1.64 5.00
2019-12-31 1.17 5.00
SWX:COTN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-14 1.200 1.330
2018-03-15 1.500 1.504
2017-04-10 1.200 0.859
2016-03-18 1.100 1.303
2016-03-17 1.100 1.749
2015-03-19 1.100 1.525
2014-03-20 0.800 1.330
2013-03-14 0.400 1.248
2012-03-15 0.400 1.916
2011-03-10 0.350 2.103
2010-03-01 0.050 0.302
2009-04-21 0.300 2.357

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comet Holding is not paying a notable dividend for Switzerland, therefore no need to check if the payments are stable.
  • Comet Holding is not paying a notable dividend for Switzerland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Comet Holding's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Comet Holding's dividends as it is not paying a notable one for Switzerland.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Comet Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Comet Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Comet Holding has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

COTN Management

 What is the CEO of Comet Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
René Lenggenhager
COMPENSATION CHF748,886
AGE 58
TENURE AS CEO 1.9 years
CEO Bio

Dr. René Lenggenhager, Ph.D. has been the Chief Executive Officer of Comet Holding AG since May 1, 2017. Dr. Lenggenhager has been General Manager for Laboratory Weighing at METTLER TOLEDO (MTD) since 2004. Dr. Lenggenhager served as the President of Bruker BioSpin GmbH since November 1, 2015 until February 24, 2017. Dr. Lenggenhager has over 25 years of management experience in international high-tech companies and in the scientific instruments industry, where his responsibilities have included general management with P&L responsibility for a global business, marketing, R&D and global operations. He has extensive experience with complex transformations, operational excellence, lean manufacturing, marketing and value selling. Since 2015, he functions as General Manager for the Bruker BioSpin Group, the largest Group of the der US-European Bruker-Group, with around USD 550 Mio. From 2000 to 2003, he served as the Head of R&D of Laboratory & Weighing Technologies at MTD. Previously, he worked at the Siemens Building Technologies SBT Cerberus Division, at Cerberus AG, at Landis & Gyr AG and at Metrohm AG. He started his career as an R&D engineer and later as head of R&D at Landis&Gyr AG  in Zug (Switzerland), followed thereafter by Cerberus AG and Siemens Building  Technologies in Männedorf (Switzerland).  Dr. Lenggenhager holds a Ph.D. in Physics from the Swiss Federal Institute of Technology, a Bachelor of Science in Electronics from the University of Applied Sciences NTB in Buchs, Switzerland and an Executive MBA from the University of St. Gallen in Switzerland.

CEO Compensation
  • Insufficient data for René to compare compensation growth.
  • René's remuneration is about average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Comet Holding management team in years:

1.9
Average Tenure
54
Average Age
  • The average tenure for the Comet Holding management team is less than 2 years, this suggests a new team.
Management Team

René Lenggenhager

TITLE
Chief Executive Officer
COMPENSATION
CHF749K
AGE
58
TENURE
1.9 yrs

Markus Portmann

TITLE
Chief Financial Officer
AGE
59
TENURE
14.7 yrs

Eric Dubuis

TITLE
Chief Information Officer
AGE
54
TENURE
13.5 yrs

Ines Najorka

TITLE
VP of Corporate Communications & Secretary

Prisca Hafner

TITLE
Chief Human Resources Officer
AGE
51
TENURE
1.3 yrs

Michael Kammerer

TITLE
President of Plasma Control Technologies Division
AGE
57
TENURE
11.3 yrs

Stephan Haferl

TITLE
President of X-Ray Modules Division
AGE
45
TENURE
1.3 yrs

Thomas Wenzel

TITLE
President of X-Ray Systems Division
AGE
53
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Comet Holding board of directors in years:

3
Average Tenure
57
Average Age
  • The tenure for the Comet Holding board of directors is about average.
Board of Directors

Hans Hess

TITLE
Chairman of the Board
COMPENSATION
CHF214K
AGE
63

Lucas Grolimund

TITLE
Vice Chairman of the Board
COMPENSATION
CHF107K
AGE
52
TENURE
2.8 yrs

Rolf Huber

TITLE
Non-Executive Director
COMPENSATION
CHF107K
AGE
53
TENURE
11.3 yrs

Gian-Luca Bona

TITLE
Non-Executive Director
COMPENSATION
CHF107K
AGE
61
TENURE
7 yrs

Mariel Hoch

TITLE
Non-Executive Director
COMPENSATION
CHF107K
AGE
45
TENURE
3 yrs

Franz Richter

TITLE
Non-Executive Director
COMPENSATION
CHF107K
AGE
63
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Comet Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Comet 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.

COTN News

Simply Wall St News

How Many Comet Holding AG (VTX:COTN) Shares Do Institutions Own?

If you want to know who really controls Comet Holding AG (VTX:COTN), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Comet Holding is a smaller company with a market capitalization of CHF775m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Financially Strong Is Comet Holding AG (VTX:COTN)?

While small-cap stocks, such as Comet Holding AG (VTX:COTN) with its market cap of CHF714m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

A Spotlight On Comet Holding AG's (VTX:COTN) Fundamentals

Comet Holding AG (VTX:COTN) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of COTN, it

Simply Wall St -

Can You Imagine How Comet Holding's (VTX:COTN) Shareholders Feel About The 95% Share Price Increase?

To wit, the Comet Holding share price has climbed 95% in five years, easily topping the market return of 14% (ignoring dividends). … 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). … During five years of share price growth, Comet Holding achieved compound earnings per share (EPS) growth of 40% per year.

Simply Wall St -

Should You Care About Comet Holding AG’s (VTX:COTN) Cash Levels?

Comet Holding AG (VTX:COTN) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … I will take you through Comet Holding’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Free cash flow (FCF) is the amount of cash Comet Holding has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

Estimating The Fair Value Of Comet Holding AG (VTX:COTN)

Participate in a short research study and receive a 6-month subscription to the award winning Simply Wall St research tool (valued at $60)! … by projecting its future cash flows and then discounting them to today's 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 -

Is Comet Holding AG's (VTX:COTN) Capital Allocation Ability Worth Your Time?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

What Is Comet Holding AG's (VTX:COTN) Share Price Doing?

saw a double-digit share price rise of over 10% in the past couple of months on the SWX. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s take a look at Comet Holding’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Should Comet Holding AG (VTX:COTN) Be Part Of Your Portfolio?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, Comet Holding AG (VTX:COTN) has been paying a dividend to shareholders. … Let's take a look at Comet Holding in more detail.

Simply Wall St -

Why Comet Holding AG (VTX:COTN) Is An Attractive Investment To Consider

Attractive stocks have exceptional fundamentals. … In the case of Comet Holding AG (VTX:COTN), there's … financial health as well as

Simply Wall St -

COTN Company Info

Description

Comet Holding AG, together with its subsidiaries, provides X-ray, radio frequency (RF), and ebeam technology solutions in Europe, Asia, and internationally. It operates through four segments: Plasma Control Technologies; X-Ray Systems; Industrial X-Ray Modules; and ebeam Technologies. The Plasma Control Technologies segment develops, manufactures, and markets vacuum capacitors, RF generators, and RF impedance matching networks for the high-precision control of plasma processes required in the production of memory chips and flat panel displays. The X-Ray Systems segment develops, manufactures, and markets X-ray systems and services for non-destructive testing using X-ray and microfocus technology, and computed tomography. The Industrial X-Ray Modules segment develops, manufactures, and markets compact X-ray sources and portable X-ray modules for non-destructive testing, steel metrology, and airport security inspection. The ebeam Technologies segment develops, manufactures, and markets compact ebeam sets and whole ebeam systems for the treatment of surfaces in the food and printing industries. The company offers its products under the Comet, Yxlon, and ebeam brand names. Its products are used in electronics, automotive, foundries, aerospace, energy, semiconductor, and solar industries, as well as in airport security applications. Comet Holding AG was founded in 1948 and is headquartered in Flamatt, Switzerland.

Details
Name: Comet Holding AG
COTN
Exchange: SWX
Founded: 1948
CHF795,387,905
7,759,882
Website: http://www.comet-group.com
Address: Comet Holding AG
Herrengasse 10,
Flamatt,
3175,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX COTN Registered Shares SIX Swiss Exchange CH CHF 26. Nov 1997
DB EZP1 Registered Shares Deutsche Boerse AG DE EUR 26. Nov 1997
LSE 0ROQ Registered Shares London Stock Exchange GB CHF 26. Nov 1997
BATS-CHIXE COTNZ Registered Shares BATS 'Chi-X Europe' GB CHF 26. Nov 1997
Number of employees
Current staff
Staff numbers
1,346
Comet Holding employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:37
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/03/14
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.