Comet Holding AG, together with its subsidiaries, provides X-ray, radio frequency (RF) power, and ebeam technology solutions in Europe, Asia, and internationally.
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Comet Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COTN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: COTN exceeded the Swiss Electronic industry which returned 12.1% over the past year.
Return vs Market: COTN exceeded the Swiss Market which returned 1.2% over the past year.
Price Volatility Vs. Market
How volatile is Comet Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StWhat Kind Of Shareholder Appears On The Comet Holding AG's (VTX:COTN) Shareholder Register?
3 weeks ago | Simply Wall StIs Comet Holding AG (VTX:COTN) Investing Your Capital Efficiently?
1 month ago | Simply Wall StIs Now The Time To Look At Buying Comet Holding AG (VTX:COTN)?
Is Comet Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COTN (CHF129.4) is trading below our estimate of fair value (CHF167.45)
Significantly Below Fair Value: COTN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COTN is poor value based on its PE Ratio (83.5x) compared to the Electronic industry average (27.9x).
PE vs Market: COTN is poor value based on its PE Ratio (83.5x) compared to the Swiss market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: COTN is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: COTN is overvalued based on its PB Ratio (5.1x) compared to the CH Electronic industry average (3.2x).
How is Comet Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COTN's forecast earnings growth (41.5% per year) is above the savings rate (-0.2%).
Earnings vs Market: COTN's earnings (41.5% per year) are forecast to grow faster than the Swiss market (8.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: COTN's revenue (9% per year) is forecast to grow faster than the Swiss market (2.3% per year).
High Growth Revenue: COTN's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COTN's Return on Equity is forecast to be low in 3 years time (18.1%).
How has Comet Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COTN has high quality earnings.
Growing Profit Margin: COTN's current net profit margins (3.2%) are higher than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: COTN's earnings have declined by -14.6% per year over the past 5 years.
Accelerating Growth: COTN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COTN had negative earnings growth (-2.6%) over the past year, making it difficult to compare to the Electronic industry average (-8%).
Return on Equity
High ROE: COTN's Return on Equity (6.1%) is considered low.
How is Comet Holding's financial position?
Financial Position Analysis
Short Term Liabilities: COTN's short term assets (CHF217.2M) exceed its short term liabilities (CHF111.9M).
Long Term Liabilities: COTN's short term assets (CHF217.2M) exceed its long term liabilities (CHF83.9M).
Debt to Equity History and Analysis
Debt Level: COTN's debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: COTN's debt to equity ratio has increased from 12.6% to 36.7% over the past 5 years.
Debt Coverage: COTN's debt is well covered by operating cash flow (67.7%).
Interest Coverage: COTN's interest payments on its debt are well covered by EBIT (10.5x coverage).
What is Comet Holding current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COTN's dividend (0.77%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.95%).
High Dividend: COTN's dividend (0.77%) is low compared to the top 25% of dividend payers in the Swiss market (3.91%).
Stability and Growth of Payments
Stable Dividend: COTN is not paying a notable dividend for the Swiss market, therefore no need to check if payments are stable.
Growing Dividend: COTN is not paying a notable dividend for the Swiss market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: COTN is not paying a notable dividend for the Swiss market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of COTN's dividend in 3 years as they are not forecast to pay a notable one for the Swiss market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Heinz Kundert (68yo)
Mr. Heinz Kundert serves as Vice Chairman of VAT Group AG since May 17, 2018 and is its Director March 2018. He served as the Chief Executive Officer at VAT Group AG since June 2015 until March 12, 2018. M ...
|Chairman of the Board & Interim CEO||1.08yrs||CHF165.31k||0.046% CHF461.2k|
|Chief Information Officer||14.75yrs||no data||0.017% CHF175.1k|
|VP of Corporate Communications & Secretary||no data||no data||no data|
|President of Plasma Control Technologies Division||12.5yrs||no data||0.019% CHF190.1k|
|President of X-Ray Modules Division||2.5yrs||no data||0.0036% CHF35.9k|
|President of X-Ray Systems Division||1.58yrs||no data||0.00094% CHF9.4k|
|Vice President of Group Controlling||no data||no data||no data|
Experienced Management: COTN's management team is considered experienced (2.5 years average tenure).
|Chairman of the Board & Interim CEO||1.08yrs||CHF165.31k||0.046% CHF461.2k|
|Independent Non-Executive Director||1.25yrs||CHF83.44k||no data|
|Non-Executive Vice Chairman of the Board||1.25yrs||CHF107.42k||0.18% CHF1.8m|
|Non-Executive Director||8.25yrs||CHF107.42k||0.078% CHF779.5k|
|Non-Executive Director||4.25yrs||CHF107.42k||0.011% CHF113.1k|
Experienced Board: COTN's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Comet Holding AG's company bio, employee growth, exchange listings and data sources
- Name: Comet Holding AG
- Ticker: COTN
- Exchange: SWX
- Founded: 1948
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: CHF1.005b
- Shares outstanding: 7.76m
- Website: https://www.comet-group.com
Number of Employees
- Comet Holding AG
- Herrengasse 10
- PO Box 141
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|COTN||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Nov 1997|
|0ROQ||LSE (London Stock Exchange)||Yes||Registered Shares||GB||CHF||Nov 1997|
|EZP1||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Nov 1997|
Comet Holding AG, together with its subsidiaries, provides X-ray, radio frequency (RF) power, 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 related services for non-destructive examination 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 security inspection. The ebeam Technologies segment develops, manufactures, and markets compact ebeam sets 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 security applications. Comet Holding AG was founded in 1948 and is headquartered in Flamatt, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/04 20:57|
|End of Day Share Price||2020/07/03 00:00|
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.