DB:4J7

Stock Analysis Report

Executive Summary

Bobst Group SA supplies equipment and services for printing, coating and laminating, cutting, folding, gluing, and other processes worldwide.

Snowflake

Fundamentals

Good value with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

4J7

-0.05%

DE Machinery

1.4%

DE Market


1 Year Return

-3.7%

4J7

-16.3%

DE Machinery

3.7%

DE Market

Return vs Industry: 4J7 exceeded the German Machinery industry which returned -16.3% over the past year.

Return vs Market: 4J7 exceeded the German Market which returned 3.7% over the past year.


Shareholder returns

4J7IndustryMarket
7 Day0%-0.05%1.4%
30 Day0%-5.8%1.3%
90 Day0.7%-5.3%3.4%
1 Year-1.4%-3.7%-13.7%-16.3%7.0%3.7%
3 Yearn/a-17.2%-23.1%18.5%8.3%
5 Yearn/a18.4%4.5%42.2%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Bobst Group undervalued compared to its fair value and its price relative to the market?

44.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 4J7 (€63.4) is trading below our estimate of fair value (€114.87)

Significantly Undervalued: 4J7 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 4J7 is poor value based on its PE Ratio (17.6x) compared to the Machinery industry average (14.3x).

PE vs Market: 4J7 is good value based on its PE Ratio (17.6x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: 4J7 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 4J7 is overvalued based on its PB Ratio (1.5x) compared to the DE Machinery industry average (1.3x).


Next Steps

Future Growth

How is Bobst Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

24.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4J7's forecast earnings growth (24.2% per year) is above the savings rate (0.2%).

Earnings vs Market: 4J7's earnings (24.2% per year) are forecast to grow faster than the German market (12.7% per year).

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

Revenue vs Market: 4J7's revenue (1.5% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: 4J7's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 4J7's Return on Equity is forecast to be low in 3 years time (12.3%).


Next Steps

Past Performance

How has Bobst Group performed over the past 5 years?

10.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 4J7's earnings have grown by 10.3% per year over the past 5 years.

Accelerating Growth: 4J7's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 4J7 had negative earnings growth (-60.1%) over the past year, making it difficult to compare to the Machinery industry average (-9.7%).


Return on Equity

High ROE: 4J7's Return on Equity (6.1%) is considered low.


Return on Assets

ROA vs Industry: 4J7's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: 4J7's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Bobst Group's financial position?


Financial Position Analysis

Short Term Liabilities: 4J7's short term assets (CHF1.1B) exceeds its short term liabilities (CHF610.4M)

Long Term Liabilities: 4J7's short term assets (1.1B) exceeds its long term liabilities (405.1M)


Debt to Equity History and Analysis

Debt Level: 4J7's debt to equity ratio (56.7%) is considered high

Reducing Debt: 4J7's debt to equity ratio has reduced from 63.4% to 56.7% over the past 5 years.

Debt Coverage: 4J7's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 4J7's interest payments on its debt are well covered by EBIT (14.7x coverage).


Balance Sheet

Inventory Level: 4J7 has a high level of physical assets or inventory.

Debt Coverage by Assets: 4J7's debt is covered by short term assets (assets are 3.456150x debt).


Next Steps

Dividend

What is Bobst Group's current dividend yield, its reliability and sustainability?

3.00%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Years3.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 4J7's dividend (3%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: 4J7's dividend (3%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: 4J7 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 4J7's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53%), 4J7's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 4J7's dividends in 3 years are forecast to be well covered by earnings (40.6% payout ratio).


Next Steps

Management

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

8.1yrs

Average management tenure


CEO

Jean-Pascal Bobst (54yo)

10.3yrs

Tenure

CHF1,594,668

Compensation

Mr. Jean-Pascal Bobst has been the Chief Executive Officer of Bobst Group SA, since May 7, 2009 and served as its Head of Business Unit Sheet-fed. Mr. Bobst served as Head of Technology, Supply Production  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Jean-Pascal's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Jean-Pascal's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.1yrs

Average Tenure

51yo

Average Age

Experienced Management: 4J7's management team is seasoned and experienced (8.1 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

64yo

Average Age

Experienced Board: 4J7's board of directors are considered experienced (5.5 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


Management Team

  • Philippe Milliet (56yo)

    Head of Sheet-Fed Business Unit

    • Tenure: 7.8yrs
  • Jean-Pascal Bobst (54yo)

    Chief Executive Officer

    • Tenure: 10.3yrs
    • Compensation: CHF1.59m
  • Stephan März (48yo)

    Head of Web-Fed Business Unit

    • Tenure: 8.4yrs
  • Attilio Tissi (51yo)

    Chief Financial Officer

    • Tenure: 7.8yrs
  • Julien Laran (42yo)

    Head of Business Unit Services

    • Tenure: 0yrs

Board Members

  • Philip Mosimann (65yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: CHF176.00k
  • Thierry de Kalbermatten (65yo)

    Vice-Chairman

    • Tenure: 0yrs
    • Compensation: CHF246.00k
  • Alain Guttmann (61yo)

    Chairman

    • Tenure: 6.7yrs
    • Compensation: CHF348.00k
  • Bruno de Kalbermatten (78yo)

    Honorary Chairman

    • Tenure: 0yrs
  • Jürgen Brandt (63yo)

    Non-Executive Director

    • Tenure: 6.4yrs
    • Compensation: CHF186.00k
  • Gian-Luca Bona (62yo)

    Director

    • Tenure: 4.7yrs
    • Compensation: CHF176.00k

Company Information

Bobst Group SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bobst Group SA
  • Ticker: 4J7
  • Exchange: DB
  • Founded: 1890
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CHF825.070m
  • Listing Market Cap: CHF760.814m
  • Shares outstanding: 16.51m
  • Website: https://www.bobst.com

Number of Employees


Location

  • Bobst Group SA
  • 3, Route de Faraz
  • Mex
  • Vaud
  • 1031
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOBNNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFNov 2001
BBBS.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDNov 2001
0QKJLSE (London Stock Exchange)YesRegistered SharesGBCHFNov 2001
4J7DB (Deutsche Boerse AG)YesRegistered SharesDEEURNov 2001

Biography

Bobst Group SA supplies equipment and services for printing, coating and laminating, cutting, folding, gluing, and other processes worldwide. It operates through BU Sheet-Fed, BU Web-Fed, and BU Services s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/25 22:36
End of Day Share Price2019/06/28 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.