SWX:COTN

Stock Analysis Report

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Executive Summary

Comet Holding AG, together with its subsidiaries, provides X-ray, radio frequency (RF) power, and ebeam technology solutions in Europe, Asia, and internationally. More Details

Rewards

Trading at 4.8% below our estimate of its fair value

Earnings are forecast to grow 42.2% per year

Became profitable this year

Risk Analysis

No risks detected for COTN from our risk checks.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.3%

COTN

-1.7%

CH Electronic

1.1%

CH Market


1 Year Return

62.8%

COTN

14.8%

CH Electronic

4.5%

CH Market

Return vs Industry: COTN exceeded the Swiss Electronic industry which returned 14.8% over the past year.

Return vs Market: COTN exceeded the Swiss Market which returned 4.5% over the past year.


Shareholder returns

COTNIndustryMarket
7 Day2.3%-1.7%1.1%
30 Day-2.1%-1.7%2.7%
90 Day11.3%5.8%3.4%
1 Year64.1%62.8%16.7%14.8%8.1%4.5%
3 Year3.3%0.1%21.4%12.9%23.1%8.2%
5 Year126.4%113.7%155.9%127.6%45.8%21.4%

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

Valuation

Is Comet Holding undervalued compared to its fair value and its price relative to the market?

4.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COTN (CHF140) is trading below our estimate of fair value (CHF147.04)

Significantly Below Fair Value: COTN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: COTN is poor value based on its PE Ratio (50.2x) compared to the CH Electronic industry average (29.6x).

PE vs Market: COTN is poor value based on its PE Ratio (50.2x) compared to the Swiss market (22.8x).


Price to Earnings Growth Ratio

PEG Ratio: COTN is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: COTN is overvalued based on its PB Ratio (5.6x) compared to the CH Electronic industry average (3.4x).


Next Steps

Future Growth

How is Comet Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

42.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COTN's forecast earnings growth (42.2% per year) is above the savings rate (-0.2%).

Earnings vs Market: COTN's earnings (42.2% per year) are forecast to grow faster than the Swiss market (10.9% per year).

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

Revenue vs Market: COTN's revenue (11.4% per year) is forecast to grow faster than the Swiss market (4.6% per year).

High Growth Revenue: COTN's revenue (11.4% 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%).


Next Steps

Past Performance

How has Comet Holding performed over the past 5 years?

-14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COTN has high quality earnings.

Growing Profit Margin: COTN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: COTN's earnings have declined by 14.3% per year over the past 5 years.

Accelerating Growth: COTN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: COTN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (-7%).


Return on Equity

High ROE: COTN's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Comet Holding's financial position?


Financial Position Analysis

Short Term Liabilities: COTN's short term assets (CHF225.9M) exceed its short term liabilities (CHF178.8M).

Long Term Liabilities: COTN's short term assets (CHF225.9M) exceed its long term liabilities (CHF21.7M).


Debt to Equity History and Analysis

Debt Level: COTN's debt to equity ratio (35%) is considered satisfactory.

Reducing Debt: COTN's debt to equity ratio has increased from 26.5% to 35% over the past 5 years.

Debt Coverage: COTN's debt is well covered by operating cash flow (62%).

Interest Coverage: COTN's interest payments on its debt are well covered by EBIT (16.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Comet Holding current dividend yield, its reliability and sustainability?

0.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COTN's dividend (0.71%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.91%).

High Dividend: COTN's dividend (0.71%) is low compared to the top 25% of dividend payers in the Swiss market (3.71%).


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.


Next Steps

Management

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

7.7yrs

Average management tenure


CEO

Kevin Croftonto

no data

Tenure

Ms. Kevin Croftonto has been Chief Executive Officer of Comet Holding AG since September 1, 2020.


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Croftonto
Chief Executive Officerno datano datano data
Eric Dubuis
Chief Information Officer14.92yrsno data0.017%
CHF 189.4k
Ulrich Steiner
Vice President Investor Relations & Communicationno datano datano data
Ines Najorka
VP of Corporate Communications & Secretaryno datano datano data
Michael Kammerer
President of Plasma Control Technologies Division12.67yrsno data0.019%
CHF 205.6k
Stephan Haferl
President of X-Ray Modules Division2.67yrsno data0.0036%
CHF 38.8k
Thomas Wenzel
President of X-Ray Systems Division1.75yrsno data0.00094%
CHF 10.2k
Nicola Rotondo
Vice President of Group Controllingno datano datano data

7.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: COTN's management team is seasoned and experienced (7.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Heinz Kundert
Chairman of the Board1.42yrsCHF165.31k0.046%
CHF 498.9k
Patrick Jany
Independent Non-Executive Director1.42yrsCHF83.44kno data
Rolf Huber
Non-Executive Vice Chairman of the Board1.42yrsCHF107.42k0.18%
CHF 2.0m
Gian-Luca Bona
Non-Executive Director8.42yrsCHF107.42k0.078%
CHF 843.4k
Mariel Hoch
Non-Executive Director4.42yrsCHF107.42k0.011%
CHF 122.3k

1.4yrs

Average Tenure

55yo

Average Age

Experienced Board: COTN's board of directors are not considered experienced ( 1.4 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

Comet Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Comet Holding AG
  • Ticker: COTN
  • Exchange: SWX
  • Founded: 1948
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CHF1.088b
  • Shares outstanding: 7.77m
  • Website: https://www.comet-group.com

Number of Employees


Location

  • Comet Holding AG
  • Herrengasse 10
  • PO Box 141
  • Flamatt
  • Fribourg
  • 3175
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COTNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFNov 1997
0ROQLSE (London Stock Exchange)YesRegistered SharesGBCHFNov 1997
EZP1DB (Deutsche Boerse AG)YesRegistered SharesDEEURNov 1997

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 04:14
End of Day Share Price2020/09/18 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.