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LEM Holding

SWX:LEHN
Snowflake Description

Solid track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LEHN
SWX
CHF2B
Market Cap
  1. Home
  2. CH
  3. Tech
Company description

LEM Holding SA, together with its subsidiaries, provides solutions for measuring electrical parameters in China, the United States, Germany, Japan, Italy, Switzerland, and internationally. The last earnings update was 80 days ago. More info.


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LEHN Share Price and Events
7 Day Returns
3.3%
SWX:LEHN
1.8%
CH Electronic
0.7%
CH Market
1 Year Returns
-13.4%
SWX:LEHN
-10.4%
CH Electronic
2.9%
CH Market
LEHN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LEM Holding (LEHN) 3.3% 9.2% 25.2% -13.4% 68.9% 93.2%
CH Electronic 1.8% 7.3% 11.9% -10.4% 44.2% 60.2%
CH Market 0.7% 1.1% 5.1% 2.9% 12.7% 12.6%
1 Year Return vs Industry and Market
  • LEHN underperformed the Electronic industry which returned -10.4% over the past year.
  • LEHN underperformed the Market in Switzerland which returned 2.9% over the past year.
Price Volatility
LEHN
Industry
5yr Volatility vs Market

Value

 Is LEM Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LEM Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LEM Holding.

SWX:LEHN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:LEHN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 18%) (2.47%))
1.06
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.06 * 5.96%)
9.59%

Discounted Cash Flow Calculation for SWX:LEHN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LEM Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SWX:LEHN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 9.59%)
2019 46.92 Analyst x2 42.81
2020 49.11 Analyst x2 40.89
2021 53.67 Analyst x2 40.77
2022 57.53 Est @ 7.19% 39.88
2023 60.99 Est @ 6.02% 38.58
2024 64.16 Est @ 5.2% 37.03
2025 67.12 Est @ 4.62% 35.35
2026 69.95 Est @ 4.22% 33.62
2027 72.70 Est @ 3.93% 31.88
2028 75.42 Est @ 3.74% 30.18
Present value of next 10 years cash flows CHF371.01
SWX:LEHN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF75.42 × (1 + 3.28%) ÷ (9.59% – 3.28%)
CHF1,233.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF1,233.23 ÷ (1 + 9.59%)10
CHF493.52
SWX:LEHN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF371.01 + CHF493.52
CHF864.53
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF864.53 / 1.14
CHF758.8
SWX:LEHN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF758.80
Current discount Discount to share price of CHF1,420.00
= -1 x (CHF1,420.00 - CHF758.80) / CHF758.80
-87.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of LEM Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for LEM Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LEM Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:LEHN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF47.54
SWX:LEHN Share Price ** SWX (2019-04-18) in CHF CHF1420
Switzerland Electronic Industry PE Ratio Median Figure of 9 Publicly-Listed Electronic Companies 19.84x
Switzerland Market PE Ratio Median Figure of 174 Publicly-Listed Companies 18.53x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LEM Holding.

SWX:LEHN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:LEHN Share Price ÷ EPS (both in CHF)

= 1420 ÷ 47.54

29.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LEM Holding is overvalued based on earnings compared to the CH Electronic industry average.
  • LEM Holding is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does LEM Holding's expected growth come at a high price?
Raw Data
SWX:LEHN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
8.3%per year
Switzerland Electronic Industry PEG Ratio Median Figure of 8 Publicly-Listed Electronic Companies 1.71x
Switzerland Market PEG Ratio Median Figure of 122 Publicly-Listed Companies 2.35x

*Line of best fit is calculated by linear regression .

SWX:LEHN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.87x ÷ 8.3%

3.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LEM Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on LEM Holding's assets?
Raw Data
SWX:LEHN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF78.35
SWX:LEHN Share Price * SWX (2019-04-18) in CHF CHF1420
Switzerland Electronic Industry PB Ratio Median Figure of 11 Publicly-Listed Electronic Companies 2.66x
Switzerland Market PB Ratio Median Figure of 210 Publicly-Listed Companies 1.71x
SWX:LEHN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:LEHN Share Price ÷ Book Value per Share (both in CHF)

= 1420 ÷ 78.35

18.12x

* Primary Listing of LEM Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LEM Holding is overvalued based on assets compared to the CH Electronic industry average.
X
Value checks
We assess LEM Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. LEM Holding has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is LEM Holding expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LEM Holding expected to grow at an attractive rate?
  • LEM Holding's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • LEM Holding's earnings growth is positive but not above the Switzerland market average.
  • LEM Holding's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:LEHN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:LEHN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 8.3%
SWX:LEHN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.8%
Switzerland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
Switzerland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.5%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:LEHN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:LEHN Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 482 1
2022-03-31 427 1
2021-03-31 375 71 62 3
2020-03-31 340 66 56 3
2019-03-31 317 62 51 3
SWX:LEHN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 321 54
2018-09-30 318 62 54
2018-06-30 313 54
2018-03-31 301 54 53
2017-12-31 292 50
2017-09-30 284 44 49
2017-06-30 274 47
2017-03-31 265 53 45
2016-12-31 261 45
2016-09-30 263 68 46
2016-06-30 267 45
2016-03-31 261 46 43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LEM Holding's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • LEM Holding's revenue is expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:LEHN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from LEM Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:LEHN Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 54.47 62.48 50.40 3.00
2020-03-31 48.89 52.26 47.01 3.00
2019-03-31 45.06 45.88 44.30 3.00
SWX:LEHN Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31
2018-09-30 47.54
2018-06-30
2018-03-31 46.78
2017-12-31
2017-09-30 42.93
2017-06-30
2017-03-31 39.11
2016-12-31
2016-09-30 40.19
2016-06-30
2016-03-31 38.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • LEM Holding is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess LEM Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LEM Holding has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has LEM Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LEM Holding's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LEM Holding's year on year earnings growth rate has been positive over the past 5 years.
  • LEM Holding's 1-year earnings growth exceeds its 5-year average (8.5% vs 5.3%)
  • LEM Holding's earnings growth has exceeded the CH Electronic industry average in the past year (8.5% vs 7.6%).
Earnings and Revenue History
LEM Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LEM Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:LEHN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 321.34 54.22 57.03 26.56
2018-09-30 318.03 54.16 57.00 24.62
2018-06-30 313.39 53.54 55.95 23.49
2018-03-31 301.24 53.31 55.43 21.68
2017-12-31 291.72 49.97 51.95 16.04
2017-09-30 284.10 48.92 53.42 18.28
2017-06-30 273.52 47.05 53.11 16.69
2017-03-31 264.52 44.57 51.95 16.04
2016-12-31 260.55 44.69 53.18 14.60
2016-09-30 262.51 45.79 51.37 15.28
2016-06-30 266.83 45.38 52.88 14.94
2016-03-31 261.45 43.49 53.18 14.60
2015-12-31 260.27 41.47 53.50 15.14
2015-09-30 257.83 41.46 52.88 15.13
2015-06-30 254.24 41.29 50.47 15.15
2015-03-31 257.76 43.13 49.23 15.34
2014-12-31 257.35 45.64 48.84 14.59
2014-09-30 250.24 42.59 48.17 14.52
2014-06-30 248.87 46.59 46.74 14.44
2014-03-31 245.64 45.64 45.41 14.44
2013-12-31 240.27 37.19 43.31 14.85
2013-09-30 237.66 36.52 42.01 15.11
2013-06-30 233.65 31.67 42.27 15.08
2013-03-31 234.95 32.40 43.15 14.72
2012-12-31 235.03 36.48 45.32 12.97
2012-09-30 235.02 33.88 43.73 12.85
2012-06-30 231.79 32.00 47.53 12.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • LEM Holding made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • LEM Holding used its assets more efficiently than the CH Electronic industry average last year based on Return on Assets.
  • LEM Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LEM Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
LEM Holding has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is LEM Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up LEM Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LEM Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LEM Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of LEM Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from LEM Holding Company Filings, last reported 3 months ago.

SWX:LEHN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 89.27 40.00 20.91
2018-09-30 89.27 40.00 20.91
2018-06-30 109.03 5.00 17.63
2018-03-31 109.03 5.00 17.63
2017-12-31 78.73 34.00 13.88
2017-09-30 78.73 34.00 13.88
2017-06-30 90.48 0.00 12.81
2017-03-31 90.48 0.00 12.81
2016-12-31 65.76 28.00 20.07
2016-09-30 65.76 28.00 20.07
2016-06-30 85.89 0.00 13.63
2016-03-31 85.89 0.00 13.63
2015-12-31 62.64 40.00 13.24
2015-09-30 62.64 40.00 13.24
2015-06-30 91.94 0.00 20.92
2015-03-31 91.94 0.00 20.92
2014-12-31 73.81 12.00 13.30
2014-09-30 73.81 12.00 13.30
2014-06-30 94.20 0.00 24.58
2014-03-31 94.20 0.00 24.58
2013-12-31 72.11 9.00 12.80
2013-09-30 72.11 9.00 12.80
2013-06-30 87.33 0.00 27.63
2013-03-31 84.05 0.00 27.63
2012-12-31 74.26 5.03 12.42
2012-09-30 74.26 5.03 12.42
2012-06-30 79.56 3.00 21.12
  • LEM Holding's level of debt (44.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.3% vs 44.8% today).
  • Debt is well covered by operating cash flow (155%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 1835x coverage).
X
Financial health checks
We assess LEM Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LEM Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is LEM Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.82%
Current annual income from LEM Holding dividends. Estimated to be 3.37% next year.
If you bought CHF2,000 of LEM Holding shares you are expected to receive CHF56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • LEM Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.9%).
  • LEM Holding's dividend is below the markets top 25% of dividend payers in Switzerland (3.55%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:LEHN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Switzerland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.8%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 167 Stocks 3.1%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.9%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:LEHN Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 49.00 3.00
2020-03-31 46.67 3.00
2019-03-31 41.67 3.00
SWX:LEHN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2018-05-23 40.000 3.269
2017-06-29 35.000 2.447
2016-06-09 35.000 3.588
2015-06-04 40.000 5.379
2014-06-04 40.000 5.298
2013-06-05 30.000 4.560
2012-08-07 25.000 4.726
2012-06-06 25.000 5.130
2011-07-01 40.000 9.425
2010-05-12 5.000 1.098
2009-04-23 10.000 3.583

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of LEM Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess LEM Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LEM Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LEM Holding has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of LEM Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frank Rehfeld
AGE 50
TENURE AS CEO 1 years
CEO Bio

Mr. Frank Rehfeld has been Chief Executive Officer at Lem Holding SA since 1 April 2018. He serves as Senior Vice President of Industry at Lem Holding SA since January 01, 2016 and served as its Head of The Industry Segment and General Manager of Industry since January 1, 2016. Mr. Rehfeld serves as Head of Brose’s Drives business in China. Starting his career development in the area of Body Electronics at Siemens VDO Germany, he afterwards held other leadership positions in China at Siemens VDO, Hella as well as Brose. Mr. Rehfeld holds a Master degree in Electrical Engineering from University of Erlangen-Nürnberg.

CEO Compensation
  • Insufficient data for Frank to compare compensation growth.
  • Insufficient data for Frank to establish whether their remuneration is reasonable compared to companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the LEM Holding management team in years:

3.4
Average Tenure
51
Average Age
  • The tenure for the LEM Holding management team is about average.
Management Team

Frank Rehfeld

TITLE
CEO & Senior VP of Industry
AGE
50
TENURE
1 yrs

Andrea Borla

TITLE
Chief Financial Officer
AGE
51
TENURE
3.4 yrs

Rainer Bos

TITLE
Senior Vice President of Automotive
AGE
56
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the LEM Holding board of directors in years:

4.8
Average Tenure
60.5
Average Age
  • The tenure for the LEM Holding board of directors is about average.
Board of Directors

Andreas Hürlimann

TITLE
Chairman of the Board
COMPENSATION
CHF337K
AGE
54
TENURE
5.8 yrs

Ueli Wampfler

TITLE
Director
COMPENSATION
CHF131K
AGE
68
TENURE
12.3 yrs

Ulrich Looser

TITLE
Director
COMPENSATION
CHF153K
AGE
61
TENURE
3.8 yrs

François Gabella

TITLE
Director
COMPENSATION
CHF2M
AGE
60
TENURE
0.8 yrs

Ilan Cohen

TITLE
Director
COMPENSATION
CHF131K
AGE
62
TENURE
8.8 yrs

Werner Weber

TITLE
Director
COMPENSATION
CHF87K
AGE
58
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess LEM Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LEM Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Did LEM Holding SA's (VTX:LEHN) Recent Earnings Growth Beat The Trend?

Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. … Take the survey and be part of one of the most advanced studies of stock market investors to date? … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 5.5%, indicating the rate at which LEHN is growing has accelerated

Simply Wall St -

A Close Look At LEM Holding SA’s (VTX:LEHN) 67% ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

A Closer Look At LEM Holding SA's (VTX:LEHN) Impressive ROE

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every CHF1 worth of shareholders' equity, it generated CHF0.49 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does LEM Holding SA's (VTX:LEHN) Recent Track Record Look Strong?

Today I will run you through a basic sense check to gain perspective on how LEM Holding is doing by comparing its latest earnings with its long-term trend as well as the performance of its electronic industry peers. … Did LEHN's recent earnings growth beat the long-term trend and the industry. … LEHN's trailing twelve-month earnings (from 30 June 2018) of CHF54m has.

Simply Wall St -

Who Owns Most Of LEM Holding SA (VTX:LEHN)?

In this article, I will take a quick look at LEM Holding SA’s (VTX:LEHN) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Understanding Your Return On Investment In LEM Holding SA (VTX:LEHN)

and looking to gauge the potential return on investment in LEM Holding SA (VTX:LEHN). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently LEM Holding is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Is LEM Holding SA’s (VTX:LEHN) Cash Outlook Optimistic?

I will take you through LEM Holding’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … LEM Holding’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of LEM Holding’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability.

Simply Wall St -

Is LEM Holding SA's (VTX:LEHN) ROE Of 48.89% Sustainable?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want a simplistic look at the return on LEM Holding SA (VTX:LEHN) stock. … LEM Holding SA (VTX:LEHN) delivered an ROE of 48.89% over the past 12 months, which is an impressive feat relative to its industry average of 14.06% during the same period.

Simply Wall St -

Only 2 Days Left To Cash In On LEM Holding SA (VTX:LEHN) Dividend, Should Investors Buy?

If you are interested in cashing in on LEM Holding SA's (VTX:LEHN) upcoming dividend of CHF40.00 per share, you only have 2 days left to buy the shares before its ex-dividend date, 03 July 2018, in time for dividends payable on the 05 July 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:

Simply Wall St -

Interested In LEM Holding SA (VTX:LEHN)? Here's What Its Recent Performance Looks Like

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … Did LEHN's recent earnings growth beat the long-term trend and the industry. … LEHN's trailing twelve-month earnings (from 31 March 2018) of CHF53.31m has

Simply Wall St -

Company Info

Description

LEM Holding SA, together with its subsidiaries, provides solutions for measuring electrical parameters in China, the United States, Germany, Japan, Italy, Switzerland, and internationally. It operates through two segments, Industry and Automotive. The Industry segment develops, manufactures, and sells current and voltage transducers for use in various industrial applications. The Automotive segment develops, manufactures, and sells transducers for the measurement of current and voltage of various industrial applications. Its products are used in various applications, such as drives & welding, renewable energies and power supplies, traction, high-precision, conventional and green cars businesses, as well as for AC/DC converters, uninterrupted power supply systems for computers, micro turbines, and wind and solar power generation. The company was founded in 1972 and is based in Fribourg, Switzerland.

Details
Name: LEM Holding SA
LEHN
Exchange: SWX
Founded: 1972
CHF1,617,874,160
1,139,348
Website: http://www.lem.com
Address: LEM Holding SA
Avenue Beauregard 1,
Fribourg,
Fribourg, 1700,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX LEHN Ordinary Shares SIX Swiss Exchange CH CHF 05. Jul 1999
OTCPK LMHD.F Ordinary Shares Pink Sheets LLC US USD 05. Jul 1999
DB LELA Ordinary Shares Deutsche Boerse AG DE EUR 05. Jul 1999
LSE 0QKB Ordinary Shares London Stock Exchange GB CHF 05. Jul 1999
BATS-CHIXE LEHNZ Ordinary Shares BATS 'Chi-X Europe' GB CHF 05. Jul 1999
Number of employees
Current staff
Staff numbers
1,528
LEM Holding employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 20:58
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.