SWX:LAND

Stock Analysis Report

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Executive Summary

Landis+Gyr Group AG provides metering solutions for electricity, heat/cold, and gas utilities worldwide. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Landis+Gyr Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LAND is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: LAND's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-4.3%

LAND

3.0%

CH Electronic

-0.1%

CH Market


1 Year Return

-35.2%

LAND

11.6%

CH Electronic

0.7%

CH Market

Return vs Industry: LAND underperformed the Swiss Electronic industry which returned 12.9% over the past year.

Return vs Market: LAND underperformed the Swiss Market which returned 1.7% over the past year.


Shareholder returns

LANDIndustryMarket
7 Day-4.3%3.0%-0.1%
30 Day28.6%12.5%6.0%
90 Day18.0%0.01%1.6%
1 Year-33.2%-35.2%14.0%11.6%4.2%0.7%
3 Year-1.1%-10.8%23.8%14.4%18.4%6.0%
5 Yearn/a140.4%113.7%39.9%16.8%

Long-Term Price Volatility Vs. Market

How volatile is Landis+Gyr Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Landis+Gyr Group undervalued compared to its fair value and its price relative to the market?

53.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LAND (CHF65.85) is trading above our estimate of fair value (CHF54.51)

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


Price To Earnings Ratio

PE vs Industry: LAND is poor value based on its PE Ratio (53.3x) compared to the CH Electronic industry average (31.3x).

PE vs Market: LAND is poor value based on its PE Ratio (53.3x) compared to the Swiss market (22.8x).


Price to Earnings Growth Ratio

PEG Ratio: LAND is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: LAND is good value based on its PB Ratio (1.2x) compared to the CH Electronic industry average (3.3x).


Next Steps

Future Growth

How is Landis+Gyr Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

66.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAND's forecast earnings growth (66.9% per year) is above the savings rate (-0.2%).

Earnings vs Market: LAND's earnings (66.9% per year) are forecast to grow faster than the Swiss market (13.3% per year).

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

Revenue vs Market: LAND's revenue (7.3% per year) is forecast to grow faster than the Swiss market (4.8% per year).

High Growth Revenue: LAND's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LAND's Return on Equity is forecast to be low in 3 years time (6.2%).


Next Steps

Past Performance

How has Landis+Gyr Group performed over the past 5 years?

51.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LAND has a large one-off loss of $28.3M impacting its September 30 2020 financial results.

Growing Profit Margin: LAND's current net profit margins (2.7%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: LAND has become profitable over the past 5 years, growing earnings by 51.5% per year.

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

Earnings vs Industry: LAND had negative earnings growth (-70.4%) over the past year, making it difficult to compare to the Electronic industry average (-7.9%).


Return on Equity

High ROE: LAND's Return on Equity (2.2%) is considered low.


Next Steps

Financial Health

How is Landis+Gyr Group's financial position?


Financial Position Analysis

Short Term Liabilities: LAND's short term assets ($841.2M) exceed its short term liabilities ($688.2M).

Long Term Liabilities: LAND's short term assets ($841.2M) exceed its long term liabilities ($288.4M).


Debt to Equity History and Analysis

Debt Level: LAND's debt to equity ratio (19.8%) is considered satisfactory.

Reducing Debt: LAND's debt to equity ratio has reduced from 20.7% to 19.8% over the past 5 years.

Debt Coverage: LAND's debt is well covered by operating cash flow (44.8%).

Interest Coverage: LAND's interest payments on its debt are well covered by EBIT (11.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Landis+Gyr Group current dividend yield, its reliability and sustainability?

5.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LAND's dividend (5.92%) is higher than the bottom 25% of dividend payers in the Swiss market (1.9%).

High Dividend: LAND's dividend (5.92%) is in the top 25% of dividend payers in the Swiss market (3.76%)


Stability and Growth of Payments

Stable Dividend: LAND has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: LAND's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (158.1%), LAND's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LAND's dividends in 3 years are forecast to be covered by earnings (55% payout ratio).


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

Werner Lieberherr (60 yo)

0.67

Tenure

Mr. Werner Lieberherr serves as Chief Executive Officer at Landis+Gyr (Pty) Ltd since April 2020. He served as Executive Vice President and Chief Operating Officer of Interior Systems at Rockwell Collins, ...


Leadership Team

NamePositionTenureCompensationOwnership
Werner Lieberherr
Chief Executive Officer0.67yrno datano data
Elodie Cingari
Chief Financial Officer0.083yrno datano data
Christian Waelti
Head of Investor Relationsno datano datano data
Eva Borowski
Senior Vice President of Investor Relations & Corporate Communicationsno datano datano data
Jonathan Elmer
Member of Extended Executive Management0.083yrno data0.031%
$ 600.5k
Prasanna Venkatesan
Executive VP & Head of Americas7.08yrsno data0.077%
$ 1.5m
Susanne Seitz
Executive VP & Head of EMEA Region2.08yrsno datano data
Bodo Zeug
Executive VP & Chief Strategy Officerno datano datano data
Hans Sonder
Senior Vice President of Business Transformationno datano datano data
Steve Jeston
Head of Asia-Pacificno datano datano data

0.7yrs

Average Tenure

Experienced Management: LAND's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Andreas Umbach
Non-Executive Chairman3.67yrsno data0.24%
$ 4.6m
Andreas Spreiter
Independent Director3.42yrsno data0.027%
$ 511.4k
Christina Stercken
Independent Director3.42yrsno data0.0062%
$ 119.6k
Soren Sorensen
Representative Director1.5yrsno datano data
Pierre-Alain Graf
Independent Director3.42yrsno data0.0053%
$ 102.0k
David Geary
Independent Director3.42yrsno data0.0040%
$ 76.5k
Eric Elzvik
Lead Independent Director3.42yrsno data0.017%
$ 317.8k
Peter Mainz
Independent Director2.5yrsno data0.0036%
$ 68.0k

3.4yrs

Average Tenure

57.5yo

Average Age

Experienced Board: LAND's board of directors are considered experienced (3.4 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

Landis+Gyr Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Landis+Gyr Group AG
  • Ticker: LAND
  • Exchange: SWX
  • Founded: 1896
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CHF1.917b
  • Shares outstanding: 28.82m
  • Website: https://www.landisgyr.eu

Number of Employees


Location

  • Landis+Gyr Group AG
  • Theilerstrasse 1
  • PO Box 260
  • Zug
  • Zug
  • 6302
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RTLLSE (London Stock Exchange)YesRegistered Ordinary SharesGBCHFJul 2017
LANDSWX (SIX Swiss Exchange)YesRegistered Ordinary SharesCHCHFJul 2017
4LGDB (Deutsche Boerse AG)YesRegistered Ordinary SharesDEEURJul 2017
LGYR.FOTCPK (Pink Sheets LLC)YesRegistered Ordinary SharesUSUSDJul 2017
LDGY.YOTCPK (Pink Sheets LLC)UNSPONSRED ADSUSUSDApr 2018

Biography

Landis+Gyr Group AG provides metering solutions for electricity, heat/cold, and gas utilities worldwide. The company offers digital and prepayment electricity, commercial/industrial and grid, smart gas, he...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 18:05
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.