Romande Energie Holding
Market Cap
CHF1.2b
Last Updated
2021/01/26 18:13 UTC
Data Sources
Company Financials +
Executive Summary
Romande Energie Holding SA engages in the generation, distribution, and marketing of electricity in Switzerland. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet and pays a dividend.
Share Price & News
How has Romande Energie Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HREN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HREN's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
7.3%
HREN
-0.9%
CH Electric Utilities
0.3%
CH Market
1 Year Return
-7.9%
HREN
14.6%
CH Electric Utilities
0.5%
CH Market
Return vs Industry: HREN underperformed the Swiss Electric Utilities industry which returned 14.6% over the past year.
Return vs Market: HREN underperformed the Swiss Market which returned 0.5% over the past year.
Shareholder returns
| HREN | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.3% | -0.9% | 0.3% |
| 30 Day | 4.0% | 1.5% | 3.9% |
| 90 Day | 9.3% | 16.1% | 12.4% |
| 1 Year | -4.7%-7.9% | 18.6%14.6% | 4.1%0.5% |
| 3 Year | 3.2%-6.0% | 75.2%56.1% | 21.6%6.8% |
| 5 Year | 47.6%26.5% | 103.1%60.3% | 52.4%27.5% |
Long-Term Price Volatility Vs. Market
How volatile is Romande Energie Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is Romande Energie Holding (VTX:HREN) Using Capital Effectively?1 month ago | Simply Wall St
What Kind Of Investors Own Most Of Romande Energie Holding SA (VTX:HREN)?2 months ago | Simply Wall St
Is Romande Energie Holding SA (VTX:HREN) A Good Fit For Your Dividend Portfolio?Valuation
Is Romande Energie Holding undervalued compared to its fair value and its price relative to the market?
48.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HREN (CHF1140) is trading below our estimate of fair value (CHF2291.01)
Significantly Below Fair Value: HREN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HREN is poor value based on its PE Ratio (22.3x) compared to the XE Electric Utilities industry average (12.5x).
PE vs Market: HREN is good value based on its PE Ratio (22.3x) compared to the Swiss market (23.9x).
Price to Earnings Growth Ratio
PEG Ratio: HREN is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: HREN is good value based on its PB Ratio (0.6x) compared to the XE Electric Utilities industry average (0.8x).
Next Steps
Future Growth
How is Romande Energie Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
23.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HREN's forecast earnings growth (23.3% per year) is above the savings rate (-0.3%).
Earnings vs Market: HREN's earnings (23.3% per year) are forecast to grow faster than the Swiss market (12.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HREN's revenue (2.6% per year) is forecast to grow slower than the Swiss market (4.6% per year).
High Growth Revenue: HREN's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HREN's Return on Equity is forecast to be low in 3 years time (4.6%).
Next Steps
Past Performance
How has Romande Energie Holding performed over the past 5 years?
25.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HREN has a large one-off gain of CHF19.0M impacting its June 30 2020 financial results.
Growing Profit Margin: HREN's current net profit margins (8.8%) are higher than last year (5.4%).
Past Earnings Growth Analysis
Earnings Trend: HREN has become profitable over the past 5 years, growing earnings by 25.7% per year.
Accelerating Growth: HREN's earnings growth over the past year (65.2%) exceeds its 5-year average (25.7% per year).
Earnings vs Industry: HREN earnings growth over the past year (65.2%) exceeded the Electric Utilities industry -1.3%.
Return on Equity
High ROE: HREN's Return on Equity (3%) is considered low.
Next Steps
Financial Health
How is Romande Energie Holding's financial position?
Financial Position Analysis
Short Term Liabilities: HREN's short term assets (CHF440.0M) exceed its short term liabilities (CHF197.5M).
Long Term Liabilities: HREN's short term assets (CHF440.0M) exceed its long term liabilities (CHF185.9M).
Debt to Equity History and Analysis
Debt Level: HREN's debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: HREN's debt to equity ratio has increased from 7.2% to 9.3% over the past 5 years.
Debt Coverage: HREN's debt is well covered by operating cash flow (89%).
Interest Coverage: HREN's interest payments on its debt are well covered by EBIT (23.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Romande Energie Holding current dividend yield, its reliability and sustainability?
3.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HREN's dividend (3.16%) is higher than the bottom 25% of dividend payers in the Swiss market (1.62%).
High Dividend: HREN's dividend (3.16%) is low compared to the top 25% of dividend payers in the Swiss market (3.81%).
Stability and Growth of Payments
Stable Dividend: HREN's dividends per share have been stable in the past 10 years.
Growing Dividend: HREN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70.3%), HREN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Petit Christian (57 yo)
1
Tenure
Mr. Petit Christian serves as Chief Executive Officer and Member of Executive Board at Romande Energie Holding SA. since January 01, 2020.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of Executive Board | 1yr | no data | no data | |
| CFO & Member of Executive Board | 2yrs | no data | no data | |
| Manager of Romande Energie Commerce SA & Member of Executive Board | 9yrs | no data | no data | |
| Head of Networks business unit & Member of Executive Board | 7yrs | no data | no data | |
| Head of Human Resources & Member of Executive Board | 9.08yrs | no data | no data | |
| Head of Corporate Communications | 3.33yrs | no data | no data | |
| Treasurer | no data | no data | no data | |
| Corporate Secretary | 0.42yr | no data | no data |
3.3yrs
Average Tenure
55yo
Average Age
Experienced Management: HREN's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | no data | CHF146.99k | no data | |
| Director | 24yrs | CHF66.87k | no data | |
| Director | 14yrs | CHF49.20k | no data | |
| Director | 12yrs | CHF53.73k | no data | |
| Director | 10yrs | CHF81.19k | no data | |
| Director | 5yrs | CHF53.73k | no data | |
| Director | 4yrs | CHF53.08k | no data | |
| Director | no data | no data | no data | |
| Director | 2yrs | no data | no data |
10.0yrs
Average Tenure
56yo
Average Age
Experienced Board: HREN's board of directors are seasoned and experienced ( 10 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 been diluted in the past year, with total shares outstanding growing by 2.1%.
Top Shareholders
Company Information
Romande Energie Holding SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Romande Energie Holding SA
- Ticker: HREN
- Exchange: SWX
- Founded: 1901
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: CHF1.200b
- Shares outstanding: 1.05m
- Website: https://www.romande-energie.ch
Number of Employees
Location
- Romande Energie Holding SA
- Rue de Lausanne 53
- Morges
- Vaud
- 1110
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HREN | SWX (SIX Swiss Exchange) | Yes | Bearer Shares | CH | CHF | Sep 1992 |
| CVNA | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Sep 1992 |
| 0QQG | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | CHF | Sep 1992 |
Biography
Romande Energie Holding SA engages in the generation, distribution, and marketing of electricity in Switzerland. The company generates electricity through hydropower, solar, wind, and biomass plants. It al...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 18:13 |
| End of Day Share Price | 2021/01/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.