Romande Energie Holding
Market Cap
CHF1.2b
Last Updated
2019/12/11 20:51 UTC
Data Sources
Company Financials +
Executive Summary
Romande Energie Holding SA engages in the generation, distribution, and marketing of electricity in Switzerland.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet, good value 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.8%
HREN
1.8%
CH Electric Utilities
0.6%
CH Market
1 Year Return
0%
HREN
16.8%
CH Electric Utilities
15.4%
CH Market
Return vs Industry: HREN underperformed the Swiss Electric Utilities industry which returned 16.8% over the past year.
Return vs Market: HREN underperformed the Swiss Market which returned 15.4% over the past year.
Shareholder returns
| HREN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | 1.8% | 0.6% |
| 30 Day | -1.7% | 1.9% | 0.9% |
| 90 Day | -3.3% | 1.0% | 2.9% |
| 1 Year | 3.0%0% | 21.5%16.8% | 21.0%15.4% |
| 3 Year | -0.5%-8.9% | 58.1%37.4% | 38.5%20.4% |
| 5 Year | 29.9%12.1% | 56.3%21.5% | 39.6%17.6% |
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
1 week ago | Simply Wall St
Three Things You Should Check Before Buying Romande Energie Holding SA (VTX:HREN) For Its Dividend1 month ago | Simply Wall St
Is Romande Energie Holding (VTX:HREN) A Risky Investment?2 months ago | Simply Wall St
What Does Romande Energie Holding SA's (VTX:HREN) P/E Ratio Tell You?Valuation
Is Romande Energie Holding undervalued compared to its fair value and its price relative to the market?
30.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HREN (CHF1170) is trading below our estimate of fair value (CHF1684.12)
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 (24.6x) compared to the Electric Utilities industry average (13.5x).
PE vs Market: HREN is poor value based on its PE Ratio (24.6x) compared to the Swiss market (20x).
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 (0.7x) compared to the XE Electric Utilities industry average (0.9x).
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?
25.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HREN's forecast earnings growth (25% per year) is above the savings rate (-0.6%).
Earnings vs Market: HREN's earnings (25% per year) are forecast to grow faster than the Swiss market (10.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HREN's revenue (3.1% per year) is forecast to grow slower than the Swiss market (3.5% per year).
High Growth Revenue: HREN's revenue (3.1% 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 (4.7%).
Next Steps
Past Performance
How has Romande Energie Holding performed over the past 5 years?
36.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HREN has high quality earnings.
Growing Profit Margin: HREN's current net profit margins (8.2%) are lower than last year (19.3%).
Past Earnings Growth Analysis
Earnings Trend: HREN has become profitable over the past 5 years, growing earnings by 36.7% per year.
Accelerating Growth: HREN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HREN had negative earnings growth (-55.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (4.4%).
Return on Equity
High ROE: HREN's Return on Equity (2.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Romande Energie Holding's financial position?
Financial Position Analysis
Short Term Liabilities: HREN's short term assets (CHF483.3M) exceed its short term liabilities (CHF124.8M).
Long Term Liabilities: HREN's short term assets (CHF483.3M) exceed its long term liabilities (CHF240.7M).
Debt to Equity History and Analysis
Debt Level: HREN's debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: HREN's debt to equity ratio has increased from 5.8% to 6.1% over the past 5 years.
Debt Coverage: HREN's debt is well covered by operating cash flow (89.2%).
Interest Coverage: HREN's interest payments on its debt are well covered by EBIT (42.7x coverage).
Balance Sheet
Inventory Level: HREN has a high level of physical assets or inventory.
Debt Coverage by Assets: HREN's debt is covered by short term assets (assets are 4.3x debt).
Next Steps
Dividend
What is Romande Energie Holding's current dividend yield, its reliability and sustainability?
3.08%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HREN's dividend (3.08%) is higher than the bottom 25% of dividend payers in the Swiss market (1.75%).
High Dividend: HREN's dividend (3.08%) is low compared to the top 25% of dividend payers in the Swiss market (3.56%).
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: At its current payout ratio (75.6%), HREN's 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
What is the CEO of Romande Energie Holding's salary, the management and board of directors tenure and is there insider trading?
6.4yrs
Average management tenure
CEO
Pierre-Alain Urech (64yo)
15.4yrs
Tenure
CHF885,383
Compensation
Mr. Pierre-Alain Urech serves as Vice Chairman of the Board at Swiss Federal Railways since 2019. He has been the Chief Executive Officer and Member of Executive Board of Romande Energie Holding SA since J ...
CEO Compensation Analysis
Compensation vs Market: Pierre-Alain's total compensation ($USD0.00) is below average for companies of similar size in the Swiss market ($USD1.20M).
Compensation vs Earnings: Pierre-Alain's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.4yrs
Average Tenure
54.5yo
Average Age
Experienced Management: HREN's management team is seasoned and experienced (6.4 years average tenure).
Board Age and Tenure
11.9yrs
Average Tenure
60.5yo
Average Age
Experienced Board: HREN's board of directors are seasoned and experienced ( 11.9 years average tenure).
Insider Trading
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.
Management Team
Pierre-Alain Urech (64yo)
CEO & Member of Executive Board
- Tenure: 15.4yrs
- Compensation: CHF885.38k
Denis Matthey (61yo)
CFO, Deputy CEO & Member of Executive Board
- Tenure: 0yrs
René Lauckner
Treasurer
- Tenure: 0yrs
Philippe Durr (55yo)
Head of Romande Energie Commerce SA & Member of Executive Board
- Tenure: 6.9yrs
Christian Frère (60yo)
Head of Energy Business Unit & Member of Executive Board
- Tenure: 7.9yrs
Patrick Bertschy (51yo)
Head of Networks business unit & Member of Executive Board
- Tenure: 5.9yrs
Jean-Daniel Habegger (54yo)
Head of Human Resources & Member of Executive Board
- Tenure: 8yrs
Daniel Hammer (49yo)
Corporate Secretary
- Tenure: 2.5yrs
Michèle Cassani
Head of Corporate Communications
- Tenure: 2.3yrs
Oliviero Iubatti (47yo)
Head of Romande Energie Services SA & Member of Executive Board
- Tenure: 3.9yrs
Board Members
Guy Mustaki (59yo)
Chairman of the Board
- Tenure: 0yrs
- Compensation: CHF132.66k
Jean-Jacques Miauton (68yo)
Director
- Tenure: 22.9yrs
- Compensation: CHF65.26k
Jean-Yves Pidoux (63yo)
Director
- Tenure: 12.9yrs
- Compensation: CHF42.60k
Grobéty Bernard (69yo)
Director
- Tenure: 17.9yrs
- Compensation: CHF62.14k
Paola Ghillani (56yo)
Director
- Tenure: 10.9yrs
- Compensation: CHF51.13k
Wolfgang Martz (65yo)
Vice Chairman
- Tenure: 0yrs
- Compensation: CHF60.32k
Budry Christian (62yo)
Director
- Tenure: 16.9yrs
- Compensation: CHF54.86k
Veuthey Alphonse-Marie (54yo)
Director
- Tenure: 8.9yrs
- Compensation: CHF86.07k
Balsiger Laurent (49yo)
Director
- Tenure: 6.9yrs
- Compensation: CHF43.80k
Elina Leimgruber (51yo)
Director
- Tenure: 2.9yrs
- Compensation: CHF24.41k
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: CHF1.186b
- Shares outstanding: 1.03m
- 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. It operates through Marketing, Networks, Energy, and Energy Services segments. The company g ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 20:51 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/12/31 |
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.