SWX:IFCN

Stock Analysis Report

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Executive Summary

INFICON Holding AG provides instruments for gas analysis, measurement, and control in the Asia-Pacific, Europe, North America, and internationally. More Details


Snowflake Analysis

Excellent balance sheet with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

How has INFICON Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IFCN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: IFCN's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

IFCN

-0.8%

CH Electronic

-0.9%

CH Market


1 Year Return

-1.0%

IFCN

7.1%

CH Electronic

-0.7%

CH Market

Return vs Industry: IFCN underperformed the Swiss Electronic industry which returned 7.6% over the past year.

Return vs Market: IFCN underperformed the Swiss Market which returned -0% over the past year.


Shareholder returns

IFCNIndustryMarket
7 Day0.4%-0.8%-0.9%
30 Day1.7%3.1%3.6%
90 Day-8.0%-4.0%0.9%
1 Year2.1%-1.0%8.7%7.1%2.8%-0.7%
3 Year36.0%22.6%17.5%9.3%18.4%3.7%
5 Year195.5%147.7%130.8%105.0%35.7%13.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

37.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IFCN (CHF727) is trading above our estimate of fair value (CHF407.18)

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


Price To Earnings Ratio

PE vs Industry: IFCN is poor value based on its PE Ratio (37x) compared to the CH Electronic industry average (31.2x).

PE vs Market: IFCN is poor value based on its PE Ratio (37x) compared to the Swiss market (22.7x).


Price to Earnings Growth Ratio

PEG Ratio: IFCN is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: IFCN is overvalued based on its PB Ratio (10.3x) compared to the CH Electronic industry average (3.2x).


Next Steps

Future Growth

How is INFICON Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

15.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IFCN's forecast earnings growth (15.9% per year) is above the savings rate (-0.2%).

Earnings vs Market: IFCN's earnings (15.9% per year) are forecast to grow faster than the Swiss market (13% per year).

High Growth Earnings: IFCN's earnings are forecast to grow, but not significantly.

Revenue vs Market: IFCN's revenue (7% per year) is forecast to grow faster than the Swiss market (4.7% per year).

High Growth Revenue: IFCN's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IFCN's Return on Equity is forecast to be high in 3 years time (26.1%)


Next Steps

Past Performance

How has INFICON Holding performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IFCN has high quality earnings.

Growing Profit Margin: IFCN's current net profit margins (13.9%) are higher than last year (13.6%).


Past Earnings Growth Analysis

Earnings Trend: IFCN's earnings have grown by 11.7% per year over the past 5 years.

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

Earnings vs Industry: IFCN had negative earnings growth (-0.9%) over the past year, making it difficult to compare to the Electronic industry average (-7.9%).


Return on Equity

High ROE: IFCN's Return on Equity (27.8%) is considered high.


Next Steps

Financial Health

How is INFICON Holding's financial position?


Financial Position Analysis

Short Term Liabilities: IFCN's short term assets ($201.6M) exceed its short term liabilities ($87.8M).

Long Term Liabilities: IFCN's short term assets ($201.6M) exceed its long term liabilities ($15.3M).


Debt to Equity History and Analysis

Debt Level: IFCN's debt to equity ratio (23%) is considered satisfactory.

Reducing Debt: IFCN's debt to equity ratio has increased from 0.7% to 23% over the past 5 years.

Debt Coverage: IFCN's debt is well covered by operating cash flow (117%).

Interest Coverage: IFCN's interest payments on its debt are well covered by EBIT (147.1x coverage).


Balance Sheet


Next Steps

Dividend

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

2.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IFCN's dividend (2.29%) is higher than the bottom 25% of dividend payers in the Swiss market (1.87%).

High Dividend: IFCN's dividend (2.29%) is low compared to the top 25% of dividend payers in the Swiss market (3.69%).


Stability and Growth of Payments

Stable Dividend: IFCN's dividends per share have been stable in the past 10 years.

Growing Dividend: IFCN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (86.3%), IFCN's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IFCN's dividends in 3 years are not forecast to be well covered by earnings (91.8% payout ratio).


Next Steps

Management

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

9.5yrs

Average board tenure


CEO

Lukas Winkler (58 yo)

16.83yrs

Tenure

US$952,000

Compensation

Mr. Lukas Winkler has been the Chief Executive Officer and the President of Inficon Holding AG, holding company of Inficon, Inc., since January 1, 2004. Mr. Winkler joined Inficon in January 1993 and serve...


CEO Compensation Analysis

Compensation vs Market: Lukas's total compensation ($USD1.08M) is about average for companies of similar size in the Swiss market ($USD1.17M).

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


Board Members

NamePositionTenureCompensationOwnership
Thomas Staehelin
Director19.5yrsUS$127.00k0.12%
$ 2.1m
Beat Lüthi
Chairman8.5yrsUS$222.00k0.054%
$ 959.1k
Beat Siegrist
Director10.5yrsUS$136.00k0.64%
$ 11.3m
Richard Fischer
Vice Chairmanno dataUS$151.00k1.07%
$ 18.9m
Vanessa Frey
Director8.5yrsUS$102.00k0.0069%
$ 122.7k

9.5yrs

Average Tenure

60yo

Average Age

Experienced Board: IFCN's board of directors are considered experienced (9.5 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

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


Key Information

  • Name: INFICON Holding AG
  • Ticker: IFCN
  • Exchange: SWX
  • Founded: 2000
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CHF1.771b
  • Shares outstanding: 2.44m
  • Website: https://www.inficon.com

Number of Employees


Location

  • INFICON Holding AG
  • Hintergasse 15B
  • Bad Ragaz
  • St. Gallen
  • 7310
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IFZDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2000
IFCNSWX (SIX Swiss Exchange)YesCommon StockCHCHFNov 2000
IFCN.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2000
0QK5LSE (London Stock Exchange)YesCommon StockGBCHFNov 2000

Biography

INFICON Holding AG provides instruments for gas analysis, measurement, and control in the Asia-Pacific, Europe, North America, and internationally. It offers leak detectors, service tools for HVAC/R and au...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 22:06
End of Day Share Price2020/11/24 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.