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Arbonia

DB:ANGA
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ANGA
DB
CHF760M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Arbonia AG operates as a building supplier in Switzerland, Germany, and internationally. The last earnings update was 83 days ago. More info.


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ANGA Share Price and Events
7 Day Returns
3.6%
DB:ANGA
-0.9%
DE Building
-0.2%
DE Market
1 Year Returns
-34%
DB:ANGA
-15.4%
DE Building
-10.3%
DE Market
ANGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Arbonia (ANGA) 3.6% 2.6% -2.7% -34% -24.5% -56.7%
DE Building -0.9% -2.4% 0.4% -15.4% 17.9% 22.1%
DE Market -0.2% -2.4% 4% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • ANGA underperformed the Building industry which returned -15.4% over the past year.
  • ANGA underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
ANGA
Industry
5yr Volatility vs Market

ANGA Value

 Is Arbonia 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 Arbonia 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 Arbonia.

DB:ANGA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:ANGA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.153 (1 + (1- 18%) (24.72%))
1.259
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.259 * 5.96%)
7.73%

Discounted Cash Flow Calculation for DB:ANGA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Arbonia 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.

DB:ANGA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 7.73%)
2019 -3.75 Analyst x2 -3.48
2020 19.90 Analyst x2 17.15
2021 61.95 Analyst x2 49.55
2022 69.05 Analyst x2 51.26
2023 73.20 Analyst x2 50.44
2024 76.24 Est @ 4.16% 48.77
2025 78.51 Est @ 2.98% 46.62
2026 80.20 Est @ 2.15% 44.20
2027 81.46 Est @ 1.58% 41.68
2028 82.42 Est @ 1.17% 39.14
Present value of next 10 years cash flows CHF385.32
DB:ANGA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF82.42 × (1 + 0.23%) ÷ (7.73% – 0.23%)
CHF1,100.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF1,100.97 ÷ (1 + 7.73%)10
CHF522.83
DB:ANGA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF385.32 + CHF522.83
CHF908.16
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF908.16 / 68.62
CHF13.23
DB:ANGA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ANGA represents 0.88357x of SWX:ARBN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88357x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 13.23 x 0.88357
€11.69
Value per share (EUR) From above. €11.69
Current discount Discount to share price of €9.79
= -1 x (€9.79 - €11.69) / €11.69
16.3%

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

Current Discount
Amount off the current price Arbonia is available for.
Intrinsic value
16%
Share price is €9.79 vs Future cash flow value of €11.69
Current Discount Checks
For Arbonia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Arbonia's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Arbonia's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Arbonia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Arbonia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ANGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF0.56
SWX:ARBN Share Price ** SWX (2019-05-20) in CHF CHF11.08
Germany Building Industry PE Ratio Median Figure of 6 Publicly-Listed Building Companies 17.73x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

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

** Primary Listing of Arbonia.

DB:ANGA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 11.08 ÷ 0.56

19.65x

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

  • Arbonia is overvalued based on earnings compared to the DE Building industry average.
  • Arbonia is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Arbonia's expected growth come at a high price?
Raw Data
DB:ANGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
11.3%per year
Europe Building Industry PEG Ratio Median Figure of 34 Publicly-Listed Building Companies 1.5x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

DB:ANGA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.65x ÷ 11.3%

1.74x

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

  • Arbonia is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Arbonia's assets?
Raw Data
DB:ANGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF12.94
SWX:ARBN Share Price * SWX (2019-05-20) in CHF CHF11.08
Germany Building Industry PB Ratio Median Figure of 8 Publicly-Listed Building Companies 1.21x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:ANGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.08 ÷ 12.94

0.86x

* Primary Listing of Arbonia.

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

  • Arbonia is good value based on assets compared to the DE Building industry average.
X
Value checks
We assess Arbonia'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 Building 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 Building industry average (and greater than 0)? (1 check)
  5. Arbonia has a total score of 2/6, 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.

ANGA Future Performance

 How is Arbonia expected to perform in the next 1 to 3 years based on estimates from 4 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
11.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Arbonia expected to grow at an attractive rate?
  • Arbonia's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Arbonia's earnings growth is positive but not above the Germany market average.
  • Arbonia's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ANGA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ANGA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 11.3%
DB:ANGA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.1%
Germany Building Industry Earnings Growth Rate Market Cap Weighted Average 11%
Europe Building Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:ANGA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ANGA Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,598 145 2
2022-12-31 1,594 144 2
2021-12-31 1,553 133 53 4
2020-12-31 1,501 115 44 4
2019-12-31 1,452 110 35 4
DB:ANGA Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 1,380 70 39
2018-06-30 1,337 43 44
2018-03-31 1,293 56 41
2017-12-31 1,250 69 38
2017-06-30 1,018 45 9
2017-03-31 969 39 7
2016-12-31 919 32 5
2016-09-30 987 41 -20
2016-06-30 977 50 -48
2016-03-31 960 52 -113

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Arbonia's earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
  • Arbonia's revenue is expected to grow by 3.1% 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
DB:ANGA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Arbonia Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ANGA Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.81 0.92 0.73 4.00
2020-12-31 0.67 0.76 0.63 4.00
2019-12-31 0.53 0.61 0.43 4.00
DB:ANGA Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 0.56
2018-06-30 0.57
2018-03-31 0.56
2017-12-31 0.55
2017-06-30 0.18
2017-03-31 0.15
2016-12-31 0.11
2016-09-30 -0.47
2016-06-30 -1.22
2016-03-31 -3.29

*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.
  • Arbonia is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Arbonia'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Arbonia has a total score of 1/6, 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.

ANGA Past Performance

  How has Arbonia 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 Arbonia's growth in the last year to its industry (Building).
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.
  • Arbonia's year on year earnings growth rate has been positive over the past 5 years.
  • Arbonia's 1-year earnings growth is less than its 5-year average (3% vs 19.4%)
  • Arbonia's earnings growth has exceeded the DE Building industry average in the past year (3% vs -24.6%).
Earnings and Revenue History
Arbonia'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 Arbonia Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ANGA 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 1,379.86 38.69 475.37
2018-06-30 1,336.73 43.73 452.92
2018-03-31 1,293.24 40.64 441.32
2017-12-31 1,249.75 37.55 429.71
2017-06-30 1,018.30 9.38 366.23
2017-03-31 968.53 7.37 352.51
2016-12-31 918.76 5.35 338.80
2016-09-30 987.46 -20.20 370.03
2016-06-30 977.20 -48.01 375.26
2016-03-31 960.21 -112.56 371.92
2015-12-31 943.23 -177.11 368.58
2015-09-30 970.56 -147.95 363.76
2015-06-30 997.89 -118.79 358.94
2015-03-31 1,008.85 -53.78 360.57
2014-12-31 1,019.82 11.24 362.21
2014-09-30 1,012.42 19.57 361.03
2014-06-30 1,005.02 27.90 359.84
2014-03-31 1,005.48 30.67 357.97
2013-12-31 1,005.94 33.43 356.09
2013-09-30 924.39 26.21 327.20
2013-06-30 842.85 18.99 298.31
2013-03-31 882.17 9.30 316.61
2012-12-31 921.50 -0.39 334.90
2012-06-30 1,160.42 -86.74 421.68

*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.
  • Arbonia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Arbonia used its assets less efficiently than the DE Building industry average last year based on Return on Assets.
  • Arbonia has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Arbonia'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 Building 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.
Arbonia has a total score of 3/6, 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.

ANGA Health

 How is Arbonia'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 Arbonia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Arbonia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Arbonia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Arbonia'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 2.4x 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 Arbonia Company Filings, last reported 4 months ago.

DB:ANGA Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 887.73 187.95 80.92
2018-06-30 868.61 209.67 72.09
2018-03-31 868.61 209.67 72.09
2017-12-31 863.12 132.46 82.70
2017-06-30 753.95 320.41 145.58
2017-03-31 753.95 320.41 145.58
2016-12-31 728.75 356.77 115.31
2016-09-30 728.75 356.77 115.31
2016-06-30 350.37 143.28 75.66
2016-03-31 350.37 143.28 75.66
2015-12-31 351.82 228.75 204.88
2015-09-30 351.82 228.75 204.88
2015-06-30 186.75 327.21 91.16
2015-03-31 186.75 327.21 91.16
2014-12-31 362.95 312.62 82.28
2014-09-30 362.95 312.62 82.28
2014-06-30 357.55 339.34 121.53
2014-03-31 357.55 339.34 121.53
2013-12-31 368.98 341.86 175.36
2013-09-30 368.98 341.86 175.36
2013-06-30 423.94 397.80 149.09
2013-03-31 423.94 397.80 149.09
2012-12-31 361.20 395.19 264.06
2012-06-30 498.77 415.84 188.18
  • Arbonia's level of debt (21.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (92.7% vs 21.2% today).
  • Debt is well covered by operating cash flow (37%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess Arbonia'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. Arbonia has a total score of 6/6, 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.

ANGA Dividends

 What is Arbonia'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
1.81%
Current annual income from Arbonia dividends. Estimated to be 2.8% next year.
If you bought €2,000 of Arbonia shares you are expected to receive €36 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?
  • Arbonia's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Arbonia's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
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
DB:ANGA 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 4 Analyst Estimates (S&P Global) See Below
Germany Building Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:ANGA Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.35 4.00
2020-12-31 0.32 4.00
2019-12-31 0.26 4.00
DB:ANGA Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.200 1.852
2015-08-13 0.000 0.000
2015-03-03 0.000 0.000
2014-03-05 0.300 1.261
2014-03-04 0.300 1.023
2012-08-08 0.000 0.000
2012-07-16 0.000 0.000
2012-03-06 0.000 0.000
2011-02-21 0.500 2.195
2010-08-03 0.000 0.000
2010-03-01 0.000 0.000

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

  • Arbonia has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Arbonia has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Arbonia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess Arbonia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Arbonia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Arbonia has a total score of 3/6, see the detailed checks below.


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

ANGA Management

 What is the CEO of Arbonia'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
Alexander von Witzleben
COMPENSATION CHF1,668,000
AGE 55
TENURE AS CEO 3.8 years
CEO Bio

Mr. Alexander von Witzleben, Dipl.-Kaufmann, has been Chief Executive Officer at Arbonia AG since 2018 and its Executive Chairman since April 17, 2015. he was its Interim Chief Executive Officer at Arbonia AG since July 1, 2015 until 2018. Mr. von Witzleben has been an interim Chief Executive Officer of Feintool International Holding AG, Lyss since 2009. Mr. von Witzleben served as the Head of Feintool Automation at Feintool International Holding AG. He served as a Member of Management Board at Franz Haniel & Cie. GmbH, Duisburg from July 1, 2007 to December 31, 2008 and Chief Human Resources Officer from April 2, 2008 to December 31, 2008. He served as the Chairman of Executive Board at Jenoptik AG from 2004 to February 22, 2007 and also served as its Vice Chairman of Executive Board. Mr. von Witzleben served as the Chairman of the Board of Directors and Chief Executive Officer of JENOPTIK AG, Jena from 2003 to 2007. Mr. von Witzleben served as a Member of the Executive Board at Jenoptik AG until February 22, 2007. From 1996 to 2004, he served as Chief Financial Officer at JENOPTIK AG from 1996 to 2003 and Member of the Board of Directors from 1996 to February 22, 2007. From 1993 to 1995, he served as the Head of Central Finance/Controlling at JENOPTIK AG, Jena. From 1990 to 1993, he was an Audit assistant/Head of Audit, KPMG Deutsche Treuhand Gesellschaft, Munich. He serves as Chairman of Supervisory Board at JENOPTIK Photonics AG, Jena. He has been the Chairman of Supervisory Board of PVA TePla AG since June 17, 2004 and VERBIO AG since April 2008. He has been Chairman of Supervisory Board of VERBIO Vereinigte BioEnergie AG since April 01, 2008 and its Member of Supervisory Board since July 01, 2006. He serves as Chairman of Supervisory Board at Analytic Jena AG. He has been the Chairman of Supervisory Board at PVATePla AG since June 17, 2004. He has been the President of The Board of Directors of Looser Holding AG since December 13, 2016. He has been the Chairman of Feintool International Holding AG since January 20, 2009 and served as its Vice Chairman until January 2009. He served as Chairman of Supervisory Board at Analytik Jena AG, Jena from April 28, 1999 to April 4, 2008. Mr. von Witzleben served as Chairman of Supervisory Board of Caverion GmbH. He served as Chairman of Supervisory Board at Takkt AG from January 1, 2008 to September 15, 2008. He served as the Chairman of Supervisory Board at Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG. until December 30, 2006 and also served as its Vice Chairman of the Supervisory Board. He serves as Deputy Chairman of Supervisory Board at DEWB AG, Jena. Mr. von Witzleben served as Deputy Chairman of Supervisory Board at Carl Zeiss Meditec AG since July 4, 2002. He served as Deputy Chairman of VERBIO AG, Zörbig (now VERBIO Vereinigte BioEnergie AG). He has been a Non-Executive Director of Feintool International Holding AG since 1998. Mr. von Witzleben serves as a Member of the Advisory Board at KAEFER Isoliertechnik GmbH & Co. KG, Bremen. He has been a Non-Executive Director at Artemis Holding AG since May 20, 2015. Mr. von Witzleben serves as a Member of the Supervisory Board of Siegewerk Druckfarben AG & Co KGaA, Siegburg. He serves as a Member of the Supervisory Board of Siegwerk Druckfarben AG & Co KGaA, Siegburg (D). Mr. von Witzleben serves as Member of the Supervisory Board of KRONE GmbH, Berlin; Member of the Supervisory Board of Meissner+Wurst Zander Holding AG, Stuttgart; DRAGOCO Gerberding & Co. AG, Holzminden. He served as Member of Supervisory Board of Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG until December 30, 2006 and Takkt AG from May 4, 2007 to December 31, 2008. From 2007 to 2008, he served as a Member of the Board of Directors at Franz Haniel & Cie. GmbH, Duisburg. He served as a Member of Supervisory board of Analytik Jena AG from April 28, 1999 to April 4, 2008. He served as a Member of the Supervisory Board of SUMIDA AG (aka Vogt Electronic AG) and Caverion GmbH. Mr. von Witzleben served as a Member of the Supervisory Board of Carl Zeiss Meditec AG from 2001 to May 31, 2007. He holds Dipl.-Kfm. Mr. von Witzleben holds a degree in Economics and Business Management at the University of Passau.

CEO Compensation
  • Alexander's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alexander's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Arbonia management team in years:

3.5
Average Tenure
52.5
Average Age
  • The tenure for the Arbonia management team is about average.
Management Team

Alexander von Witzleben

TITLE
CEO & Executive Chairman
COMPENSATION
CHF2M
AGE
55
TENURE
3.8 yrs

Daniel Wüest

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Maria Romero

TITLE
Head of Group Human Resources

Knut Bartsch

TITLE
Head of the Sanitary Equipment Division
AGE
50
TENURE
15 yrs

Karl-Heinz Hartmann

TITLE
Chief Operating officer of Kitchens and Refrigeration Division
AGE
67

Harald Pichler

TITLE
Head of the Windows Division
AGE
50
TENURE
3.3 yrs

Peter Spirig

TITLE
Head of the Doors Division
AGE
45
TENURE
3 yrs

Ulrich Bornkessel

TITLE
Head of Heating
AGE
62
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Arbonia board of directors in years:

4.1
Average Tenure
56
Average Age
  • The tenure for the Arbonia board of directors is about average.
Board of Directors

Alexander von Witzleben

TITLE
CEO & Executive Chairman
COMPENSATION
CHF2M
AGE
55
TENURE
4.1 yrs

Peter Barandun

TITLE
Non-Executive Vice-Chairman
COMPENSATION
CHF127K
AGE
54
TENURE
4.1 yrs

Markus Oppliger

TITLE
Acting Lead Director
COMPENSATION
CHF99K
AGE
59

Peter Bodmer

TITLE
Non-Executive Director
COMPENSATION
CHF202K
AGE
54
TENURE
6.1 yrs

Heinz Haller

TITLE
Non-Executive Director
COMPENSATION
CHF90K
AGE
63
TENURE
5.1 yrs

Michael Pieper

TITLE
Non-Executive Director
COMPENSATION
CHF78K
AGE
72
TENURE
4.1 yrs

Thomas Lozser

TITLE
Non-Executive Director
COMPENSATION
CHF75K
AGE
57
TENURE
2.4 yrs

Carsten Voigtländer

TITLE
Director
AGE
55
TENURE
0.1 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 (€) Value (€)
X
Management checks
We assess Arbonia'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. Arbonia 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.

ANGA News

Simply Wall St News

ANGA Company Info

Description

Arbonia AG operates as a building supplier in Switzerland, Germany, and internationally. The company operates through four divisions: HVAC (Heating, Ventilation and Air Conditioning), Sanitary Equipment, Windows, and Doors. It offers heating, air-conditioning, and ventilation technology products, including fan coils, heat pumps, radiant panels, radiators, surface temperature control systems, unit heaters, and ventilation systems under the Arbonia, Sabiana, Brugman, Superia, Kermi, Tecna, Prolux, and Vasco brands; and sanitary equipment, such as bathtubs, shower trays, shower enclosures, areas, and stalls under the Baduscho, Kermi, and Koralle brand names. The company also develops, produces, assembles, and sells a range of windows and exterior doors comprising vinyl, aluminum, and wood windows, as well as lift-and-slide doors under the Dobroplast, EgoKiefer, Slovaktual, and Wertbau brands; and interior and functional doors, and frames under the Garant, Invado, Prüm, and RWD Schlatter brand names. The company was formerly known as AFG Arbonia-Forster-Holding AG and changed its name to Arbonia AG in December 2016. Arbonia AG was founded in 1874 and is headquartered in Arbon, Switzerland.

Details
Name: Arbonia AG
ANGA
Exchange: DB
Founded: 1874
CHF674,728,916
68,619,189
Website: http://www.arbonia.com/en/welcome
Address: Arbonia AG
Amriswilerstrasse 50,
Arbon,
Thurgau, 9320,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX ARBN New Registered Shares SIX Swiss Exchange CH CHF 14. Jul 1994
DB ANGA New Registered Shares Deutsche Boerse AG DE EUR 14. Jul 1994
XTRA ANGA New Registered Shares XETRA Trading Platform DE EUR 14. Jul 1994
LSE 0QKR New Registered Shares London Stock Exchange GB CHF 14. Jul 1994
Number of employees
Current staff
Staff numbers
7,875
Arbonia employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 21:12
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.