SWX:ELMN

Stock Analysis Report

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Executive Summary

Elma Electronic AG manufactures and sells electronic packaging products for the embedded systems market worldwide. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Elma Electronic's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ELMN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: ELMN's weekly volatility (1%) has been stable over the past year.


Market Performance


7 Day Return

1.2%

ELMN

2.2%

CH Electronic

0.6%

CH Market


1 Year Return

11.4%

ELMN

18.2%

CH Electronic

0.03%

CH Market

Return vs Industry: ELMN underperformed the Swiss Electronic industry which returned 18.2% over the past year.

Return vs Market: ELMN exceeded the Swiss Market which returned 0% over the past year.


Shareholder returns

ELMNIndustryMarket
7 Day1.2%2.2%0.6%
30 Day0%12.1%4.2%
90 Day1.2%27.3%9.0%
1 Year11.4%11.4%20.6%18.2%3.5%0.03%
3 Year18.9%18.9%31.6%21.7%21.0%6.2%
5 Year36.1%36.1%184.3%152.6%50.7%25.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Elma Electronic undervalued compared to its fair value and its price relative to the market?

26.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ELMN (CHF490) is trading above our estimate of fair value (CHF135.05)

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


Price To Earnings Ratio

PE vs Industry: ELMN is good value based on its PE Ratio (26.7x) compared to the CH Electronic industry average (41.8x).

PE vs Market: ELMN is poor value based on its PE Ratio (26.7x) compared to the Swiss market (24.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ELMN is good value based on its PB Ratio (2.8x) compared to the CH Electronic industry average (3.4x).


Next Steps

Future Growth

How is Elma Electronic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.7%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Elma Electronic has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Elma Electronic performed over the past 5 years?

19.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELMN has high quality earnings.

Growing Profit Margin: ELMN's current net profit margins (2.9%) are lower than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: ELMN's earnings have grown by 19.8% per year over the past 5 years.

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

Earnings vs Industry: ELMN had negative earnings growth (-14.9%) over the past year, making it difficult to compare to the Electronic industry average (-7.9%).


Return on Equity

High ROE: ELMN's Return on Equity (10.6%) is considered low.


Next Steps

Financial Health

How is Elma Electronic's financial position?


Financial Position Analysis

Short Term Liabilities: ELMN's short term assets (CHF65.5M) exceed its short term liabilities (CHF30.1M).

Long Term Liabilities: ELMN's short term assets (CHF65.5M) exceed its long term liabilities (CHF23.9M).


Debt to Equity History and Analysis

Debt Level: ELMN's debt to equity ratio (72.9%) is considered high.

Reducing Debt: ELMN's debt to equity ratio has reduced from 81.1% to 72.9% over the past 5 years.

Debt Coverage: ELMN's debt is well covered by operating cash flow (29.4%).

Interest Coverage: ELMN's interest payments on its debt are well covered by EBIT (9.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Elma Electronic current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ELMN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ELMN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ELMN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ELMN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ELMN'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?

7.3yrs

Average management tenure


CEO

Fred Ruegg (66 yo)

7.33yrs

Tenure

CHF433,288

Compensation

Mr. Fred Ruegg has been the Chief Executive Officer of Elma Electronic AG since September 1, 2013 and also serves as its Member of the Executive Board. He has been Director at Elma Electronic AG. Mr. Ruegg...


CEO Compensation Analysis

Compensation vs Market: Fred's total compensation ($USD489.33K) is about average for companies of similar size in the Swiss market ($USD496.91K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Fred Ruegg
CEO, Member of the Executive Board & Director7.33yrsCHF433.29k1.16%
CHF 1.3m
Edwin Wild
CFO & Member of the Executive Board12.42yrsCHF448.89kno data
Thomas Herrmann
CEO & Member of Management Board0.75yrno datano data

7.3yrs

Average Tenure

62yo

Average Age

Experienced Management: ELMN's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Fred Ruegg
CEO, Member of the Executive Board & Director7.33yrsCHF433.29k1.16%
CHF 1.3m
Rudolf Weber
Independent Director16.75yrsCHF52.03kno data
Walter Häusermann
Independent Vice-Chairman of the Board2.75yrsCHF74.55kno data
Martin Wipfli
Independent Chairman of the Board12.75yrsCHF85.20kno data
Peter Hotz
Director4.75yrsCHF253.73k0.00044%
CHF 492.6

8.8yrs

Average Tenure

66yo

Average Age

Experienced Board: ELMN's board of directors are considered experienced (8.8 years average tenure).


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

Elma Electronic AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Elma Electronic AG
  • Ticker: ELMN
  • Exchange: SWX
  • Founded: 1960
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CHF111.961m
  • Shares outstanding: 228.49k
  • Website: https://www.elma.com

Number of Employees


Location

  • Elma Electronic AG
  • Hofstrasse 93
  • Postfach
  • Wetzikon
  • Zurich
  • 8620
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELMNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFDec 1996
0QKSLSE (London Stock Exchange)YesRegistered SharesGBCHFDec 1996

Biography

Elma Electronic AG manufactures and sells electronic packaging products for the embedded systems market worldwide. It offers system solution platforms, including chassis platforms, architecture solutions, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/24 02:29
End of Day Share Price2021/01/22 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.