KUD Stock Overview
Kudelski SA develops and delivers a range of digital security solutions for digital television and interactive applications in Switzerland, the United States, France, the Netherlands, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||CHF2.69|
|52 Week High||CHF4.25|
|52 Week Low||CHF2.57|
|1 Month Change||-10.50%|
|3 Month Change||-16.49%|
|1 Year Change||-34.43%|
|3 Year Change||-58.37%|
|5 Year Change||-83.58%|
|Change since IPO||-99.84%|
Recent News & Updates
Kudelski's (VTX:KUD) Earnings Are Of Questionable Quality
Kudelski SA ( VTX:KUD ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...
|KUD||CH Electronic||CH Market|
Return vs Industry: KUD underperformed the Swiss Electronic industry which returned -24.3% over the past year.
Return vs Market: KUD underperformed the Swiss Market which returned -12.4% over the past year.
|KUD Average Weekly Movement||5.4%|
|Electronic Industry Average Movement||4.8%|
|Market Average Movement||4.5%|
|10% most volatile stocks in CH Market||7.6%|
|10% least volatile stocks in CH Market||2.4%|
Stable Share Price: KUD is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: KUD's weekly volatility (5%) has been stable over the past year.
About the Company
Kudelski SA develops and delivers a range of digital security solutions for digital television and interactive applications in Switzerland, the United States, France, the Netherlands, and internationally. It operates through four segments: Digital TV, Cybersecurity, Internet of Things (IoT), and Public Access. The Digital TV segment offers integrated solutions, including open conditional access solutions, which allow TV operators and content providers to operate various value-added pay-TV services on a secure platform, and middleware software solutions for set-top boxes and other consumer devices; and intellectual property consulting services.
Kudelski Fundamentals Summary
|KUD fundamental statistics|
Is KUD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KUD income statement (TTM)|
|Cost of Revenue||US$224.78m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 25, 2022
|Earnings per share (EPS)||0.28|
|Net Profit Margin||2.08%|
How did KUD perform over the long term?See historical performance and comparison
3.5%Current Dividend Yield
Is KUD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KUD?
Other financial metrics that can be useful for relative valuation.
|What is KUD's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does KUD's PE Ratio compare to its peers?
|KUD PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: KUD is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (23.1x).
Price to Earnings Ratio vs Industry
How does KUD's PE Ratio compare vs other companies in the Electronic Industry?
Price-To-Earnings vs Industry: KUD is good value based on its Price-To-Earnings Ratio (10x) compared to the Swiss Electronic industry average (20.3x)
Price to Earnings Ratio vs Fair Ratio
What is KUD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||10x|
|Fair PE Ratio||22.2x|
Price-To-Earnings vs Fair Ratio: KUD is good value based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).
Share Price vs Fair Value
What is the Fair Price of KUD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KUD (CHF2.69) is trading below our estimate of fair value (CHF5.31)
Significantly Below Fair Value: KUD is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: KUD is poor value based on its PEG Ratio (1.1x)
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How is Kudelski forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KUD's forecast earnings growth (9.1% per year) is above the savings rate (-0.3%).
Earnings vs Market: KUD's earnings (9.1% per year) are forecast to grow faster than the Swiss market (6.1% per year).
High Growth Earnings: KUD's earnings are forecast to grow, but not significantly.
Revenue vs Market: KUD's revenue (3.4% per year) is forecast to grow slower than the Swiss market (4.3% per year).
High Growth Revenue: KUD's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KUD's Return on Equity is forecast to be low in 3 years time (3.9%).
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How has Kudelski performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KUD has a large one-off gain of $15.0M impacting its December 31 2021 financial results.
Growing Profit Margin: KUD became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: KUD's earnings have declined by 40.5% per year over the past 5 years.
Accelerating Growth: KUD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: KUD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (35%).
Return on Equity
High ROE: KUD's Return on Equity (5.4%) is considered low.
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How is Kudelski's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: KUD's short term assets ($632.9M) exceed its short term liabilities ($518.6M).
Long Term Liabilities: KUD's short term assets ($632.9M) exceed its long term liabilities ($310.2M).
Debt to Equity History and Analysis
Debt Level: KUD's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: KUD's debt to equity ratio has increased from 77.8% to 111.4% over the past 5 years.
Debt Coverage: KUD's debt is well covered by operating cash flow (23.3%).
Interest Coverage: KUD's interest payments on its debt are not well covered by EBIT (2.4x coverage).
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What is Kudelski current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KUD's dividend (3.54%) is higher than the bottom 25% of dividend payers in the Swiss market (1.99%).
High Dividend: KUD's dividend (3.54%) is low compared to the top 25% of dividend payers in the Swiss market (4.14%).
Stability and Growth of Payments
Stable Dividend: KUD's dividend payments have been volatile in the past 10 years.
Growing Dividend: KUD's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (38.7%), KUD's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (6.2%), KUD's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
André Kudelski (61 yo)
Mr. André Kudelski serves as Member of Supervisory Board at Publicis Groupe S.A. since May 25, 2016. Mr. Kudelski began his career in 1984 within the Kudelski SA company as an R&D engineer. In 1989, he bec...
CEO Compensation Analysis
Compensation vs Market: André's total compensation ($USD5.48M) is above average for companies of similar size in the Swiss market ($USD799.23K).
Compensation vs Earnings: André's compensation has been consistent with company performance over the past year.
Experienced Management: KUD's management team is seasoned and experienced (11.2 years average tenure).
Experienced Board: KUD's board of directors are seasoned and experienced ( 20.8 years average tenure).
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.
Kudelski SA's employee growth, exchange listings and data sources
- Name: Kudelski SA
- Ticker: KUD
- Exchange: SWX
- Founded: 1951
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Implied Market Cap: CHF149.752m
- Shares outstanding: 55.77m
- Website: https://www.nagra.com
Number of Employees
- Kudelski SA
- 22-24, Route de GenEve
- PO Box 134
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/25 00:00|
|End of Day Share Price||2022/06/24 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.