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Bucher Industries

DB:BUHA
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BUHA
DB
CHF3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Bucher Industries AG develops, manufactures, and sells machinery, vehicles, and systems for use in harvesting, food producing and packaging, and roads and public spaces cleaning worldwide. The last earnings update was 139 days ago. More info.


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BUHA Share Price and Events
7 Day Returns
0%
DB:BUHA
-2.2%
DE Machinery
-0.9%
DE Market
1 Year Returns
7.8%
DB:BUHA
-30.8%
DE Machinery
-7.4%
DE Market
BUHA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bucher Industries (BUHA) 0% 1% -1.9% 7.8% 36.5% 30.1%
DE Machinery -2.2% -9% -17.7% -30.8% -24% -0.2%
DE Market -0.9% -0.4% -3.7% -7.4% 8.1% 12%
1 Year Return vs Industry and Market
  • BUHA outperformed the Machinery industry which returned -30.8% over the past year.
  • BUHA outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
BUHA
Industry
5yr Volatility vs Market

Value

 Is Bucher Industries 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 Bucher Industries 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 Bucher Industries.

DB:BUHA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
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:BUHA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 18%) (9.19%))
1.11
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.11 * 5.96%)
6.85%

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

The calculations below outline how an intrinsic value for Bucher Industries 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:BUHA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 6.85%)
2020 190.63 Analyst x3 178.42
2021 197.00 Analyst x2 172.57
2022 201.67 Est @ 2.37% 165.34
2023 205.15 Est @ 1.73% 157.42
2024 207.77 Est @ 1.28% 149.22
2025 209.77 Est @ 0.96% 141.00
2026 211.33 Est @ 0.74% 132.95
2027 212.57 Est @ 0.59% 125.16
2028 213.59 Est @ 0.48% 117.70
2029 214.45 Est @ 0.4% 110.61
Present value of next 10 years cash flows CHF1,450.38
DB:BUHA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF214.45 × (1 + 0.23%) ÷ (6.85% – 0.23%)
CHF3,248.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF3,248.33 ÷ (1 + 6.85%)10
CHF1,675.40
DB:BUHA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF1,450.38 + CHF1,675.40
CHF3,125.78
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF3,125.78 / 10.21
CHF306.08
DB:BUHA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BUHA represents 0.99534x of SWX:BUCN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99534x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 306.08 x 0.99534
€304.66
Value per share (EUR) From above. €304.66
Current discount Discount to share price of €299.20
= -1 x (€299.20 - €304.66) / €304.66
1.8%

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

Current Discount
Amount off the current price Bucher Industries is available for.
Intrinsic value
2%
Share price is €299.2 vs Future cash flow value of €304.66
Current Discount Checks
For Bucher Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bucher Industries's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Bucher Industries'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 Bucher Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bucher Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BUHA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF20.77
SWX:BUCN Share Price ** SWX (2019-06-28) in CHF CHF300.6
Germany Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 13.86x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.71x

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

** Primary Listing of Bucher Industries.

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

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

= 300.6 ÷ 20.77

14.47x

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

  • Bucher Industries is overvalued based on earnings compared to the DE Machinery industry average.
  • Bucher Industries is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bucher Industries's expected growth come at a high price?
Raw Data
DB:BUHA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
3.1%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.25x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.47x ÷ 3.1%

4.61x

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

  • Bucher Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bucher Industries's assets?
Raw Data
DB:BUHA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF143.59
SWX:BUCN Share Price * SWX (2019-06-28) in CHF CHF300.6
Germany Machinery Industry PB Ratio Median Figure of 47 Publicly-Listed Machinery Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.72x
DB:BUHA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 300.6 ÷ 143.59

2.09x

* Primary Listing of Bucher Industries.

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

  • Bucher Industries is overvalued based on assets compared to the DE Machinery industry average.
X
Value checks
We assess Bucher Industries'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Bucher Industries has a total score of 1/6, 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 Bucher Industries expected to perform in the next 1 to 3 years based on estimates from 7 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
3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bucher Industries expected to grow at an attractive rate?
  • Bucher Industries's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bucher Industries's earnings growth is positive but not above the Germany market average.
  • Bucher Industries's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BUHA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BUHA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 3.1%
DB:BUHA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.4%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:BUHA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BUHA Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,472 394 1
2022-12-31 3,382 375 1
2021-12-31 3,297 329 234 6
2020-12-31 3,194 332 223 7
2019-12-31 3,122 283 214 7
DB:BUHA Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 3,065 201 212
2018-09-30 2,979 172 203
2018-06-30 2,894 143 193
2018-03-31 2,771 183 182
2017-12-31 2,647 222 171
2017-09-30 2,548 242 152
2017-06-30 2,448 262 133
2017-03-31 2,414 263 126
2016-12-31 2,380 263 119
2016-09-30 2,387 259 126
2016-06-30 2,394 255 133
2016-03-31 2,442 246 136

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bucher Industries's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
  • Bucher Industries's revenue is expected to grow by 2.4% 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:BUHA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Bucher Industries Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BUHA Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 24.70 24.70 24.70 1.00
2022-12-31 23.60 23.60 23.60 1.00
2021-12-31 22.86 24.40 21.44 5.00
2020-12-31 21.80 22.80 20.71 6.00
2019-12-31 21.06 21.60 20.26 6.00
DB:BUHA Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 20.77
2018-09-30 19.81
2018-06-30 18.86
2018-03-31 17.83
2017-12-31 16.80
2017-09-30 14.98
2017-06-30 13.14
2017-03-31 12.44
2016-12-31 11.73
2016-09-30 12.45
2016-06-30 13.17
2016-03-31 13.43

*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.
  • Bucher Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bucher Industries'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 Germany 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.
Bucher Industries 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.

Past Performance

  How has Bucher Industries 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 Bucher Industries's growth in the last year to its industry (Machinery).
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.
  • Bucher Industries's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Bucher Industries's 1-year earnings growth exceeds its 5-year average (24.3% vs -1.1%)
  • Bucher Industries's earnings growth has exceeded the DE Machinery industry average in the past year (24.3% vs -1.3%).
Earnings and Revenue History
Bucher Industries'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 Bucher Industries Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BUHA 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 3,064.50 212.40 803.80
2018-09-30 2,979.40 202.60 789.85
2018-06-30 2,894.30 192.80 775.90
2018-03-31 2,770.85 181.85 748.10
2017-12-31 2,647.40 170.90 720.30
2017-09-30 2,547.80 151.95 696.05
2017-06-30 2,448.20 133.00 671.80
2017-03-31 2,414.30 125.85 667.40
2016-12-31 2,380.40 118.70 663.00
2016-09-30 2,387.40 125.95 661.60
2016-06-30 2,394.40 133.20 660.20
2016-03-31 2,442.40 135.75 659.65
2015-12-31 2,490.40 138.30 659.10
2015-09-30 2,584.15 154.20 676.45
2015-06-30 2,677.90 170.10 693.80
2015-03-31 2,741.75 178.75 702.40
2014-12-31 2,805.60 187.40 711.00
2014-09-30 2,777.75 191.45 698.10
2014-06-30 2,749.90 195.50 685.20
2014-03-31 2,720.35 195.00 674.30
2013-12-31 2,690.80 194.50 663.40
2013-09-30 2,664.50 175.90 654.55
2013-06-30 2,638.20 157.30 645.70
2013-03-31 2,623.60 154.50 640.05
2012-12-31 2,609.00 151.70 634.40
2012-09-30 2,590.05 155.40 628.25

*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.
  • Bucher Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bucher Industries used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.
  • Bucher Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bucher Industries'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 Machinery 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.
Bucher Industries has a total score of 4/6, 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 Bucher Industries'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 Bucher Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bucher Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bucher Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bucher Industries'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 6.5x 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 Bucher Industries Company Filings, last reported 6 months ago.

DB:BUHA Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,489.60 274.40 441.50
2018-09-30 1,489.60 274.40 441.50
2018-06-30 1,425.70 338.80 324.80
2018-03-31 1,425.70 338.80 324.80
2017-12-31 1,432.10 315.10 540.50
2017-09-30 1,432.10 315.10 540.50
2017-06-30 1,250.80 354.40 338.70
2017-03-31 1,250.80 354.40 338.70
2016-12-31 1,223.60 342.90 417.90
2016-09-30 1,223.60 342.90 417.90
2016-06-30 1,156.80 402.60 254.00
2016-03-31 1,156.80 402.60 254.00
2015-12-31 1,154.10 368.00 374.80
2015-09-30 1,154.10 368.00 374.80
2015-06-30 1,041.30 489.30 249.90
2015-03-31 1,041.30 489.30 249.90
2014-12-31 1,201.60 431.30 369.20
2014-09-30 1,201.60 431.30 369.20
2014-06-30 1,100.30 516.00 294.30
2014-03-31 1,100.30 516.00 294.30
2013-12-31 1,074.10 427.60 455.70
2013-09-30 1,074.10 427.60 455.70
2013-06-30 978.30 543.30 377.90
2013-03-31 978.30 543.30 377.90
2012-12-31 890.30 499.70 480.30
2012-09-30 915.70 482.20 480.30
  • Bucher Industries's level of debt (18.9%) 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 (42.5% vs 18.9% today).
  • Debt is well covered by operating cash flow (71.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 95.6x coverage).
X
Financial health checks
We assess Bucher Industries'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. Bucher Industries 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.

Dividends

 What is Bucher Industries'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
2.66%
Current annual income from Bucher Industries dividends. Estimated to be 2.92% next year.
If you bought €2,000 of Bucher Industries shares you are expected to receive €53 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?
  • Bucher Industries's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Bucher Industries's dividend is below the markets top 25% of dividend payers in Germany (3.9%).
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:BUHA 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 7 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:BUHA Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 10.00 1.00
2022-12-31 9.50 1.00
2021-12-31 9.08 6.00
2020-12-31 8.69 7.00
2019-12-31 8.30 7.00
DB:BUHA Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-06 8.000 2.424
2018-03-06 6.500 2.031
2017-03-07 5.000 1.448
2016-04-15 5.500 2.264
2015-03-05 6.500 2.855
2014-03-06 6.500 2.484
2013-03-14 5.000 2.103
2012-03-15 4.000 2.293
2012-03-09 4.000 2.048
2011-03-08 3.000 1.777
2010-01-04 2.000 1.420
2009-03-19 4.500 4.184

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 Bucher Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Bucher Industries'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 Bucher Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bucher Industries 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 Bucher Industries'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
Jacques Sanche
COMPENSATION CHF1,890,400
AGE 54
TENURE AS CEO 3.3 years
CEO Bio

Dr. Jacques Sanche, Dr. oec. HSG, has been the Chief Executive Officer at Bucher Industries AG since April 2016. Dr. Sanche served as the Chief Executive Officer of Belimo Holding AG from August 2007 to July 1, 2015. Dr. Sanche served as a Member of Management Board at Walter Meier AG since 2004. He has held various management positions at WMH Walter since 1997 and since 1990, he has held various positions as consultant. Dr. Sanche served as the President and Chief Operating Officer of WMH Tool Group, Inc. (now JPW Industries, Inc.) until February 6, 2007. He served as an Executive Member of JPW until February 2007. Dr. Sanche served as Consultant with Information Management Group, St. Gallen from 1990 to 1993. He served as Project Manager with Diener AG, Embrach from 1994 to 1995; Consultant with The Boston Consulting Group, Munich from 1995 to 1997; Head of Division of Axair AG - Profit-Center Novasina, Pfäffikon (SZ); Managing Director with Stäfa Wirz Ventilator AG, Stäfa and Berne from 1997 to 2000; Oertli Service AG, Schwerzenbach from 2000 to 2004 and Vescal AG, Vevey from 2001 to 2004; Chief Executive Officer of JPW from 2004 to 2007. He served at IMG and Boston Consulting Group Company and served as the President of Novasina, Stäfa Wirz, Oertli Service, Vescal. Dr. Sanche serves as a Member of the Board of Directors of Stäfa Wirz Ventilator AG, Bern and Diener. He serves as a Director of various WMH companies. Dr. Sanche has been a Non-executive Director at Schweiter Technologies AG since 2011. He holds a Doctorate in economics (Dr. oec.)/Doctor of Information Management from the University of St Gallen (HSG), Institute for Information Management.

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

Average tenure and age of the Bucher Industries management team in years:

4.8
Average Tenure
52
Average Age
  • The tenure for the Bucher Industries management team is about average.
Management Team

Jacques Sanche

TITLE
Chief Executive Officer
COMPENSATION
CHF2M
AGE
54
TENURE
3.3 yrs

Manuela Suter

TITLE
Chief Financial Officer
AGE
45
TENURE
1.5 yrs

Markus Beck

TITLE
Head of Legal
AGE
46
TENURE
3.5 yrs

Silvia Oppliger

TITLE
Head of Corporate Communications
AGE
43
TENURE
0.8 yrs

Daniel Waller

TITLE
Division President of Bucher Hydraulics
AGE
59
TENURE
15.5 yrs

Aurelio Lemos

TITLE
Division President of Bucher Municipal
AGE
57
TENURE
16.5 yrs

Martin Jetter

TITLE
Division President of Emhart Glass
AGE
63
TENURE
13.5 yrs

Stefan Düring

TITLE
Head of Group Development & President of Bucher Specials Division
AGE
47
TENURE
14.5 yrs

Thierry Krier

TITLE
Division President of Kuhn Group
AGE
52
TENURE
4.8 yrs

Roland Rieger

TITLE
Head of Marketing of Kuhn Group
Board of Directors Tenure

Average tenure and age of the Bucher Industries board of directors in years:

7.3
Average Tenure
58
Average Age
  • The tenure for the Bucher Industries board of directors is about average.
Board of Directors

Philip Mosimann

TITLE
Chairman
COMPENSATION
CHF400K
AGE
65
TENURE
3.3 yrs

Anita Hauser

TITLE
Deputy Chairman
COMPENSATION
CHF151K
AGE
50
TENURE
7.3 yrs

Heinrich Spoerry

TITLE
Independent Non-Executive Director
COMPENSATION
CHF136K
AGE
68
TENURE
13.5 yrs

Valentin Vogt

TITLE
Independent Non-Executive Director
COMPENSATION
CHF141K
AGE
59
TENURE
5.3 yrs

Claude Cornaz

TITLE
Independent Non-Executive Director
COMPENSATION
CHF134K
AGE
58
TENURE
17.5 yrs

Michael Hauser

TITLE
Independent Non-Executive Director
COMPENSATION
CHF134K
AGE
47
TENURE
8.3 yrs

Martin Hirzel

TITLE
COMPENSATION
CHF95K
AGE
49
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bucher Industries'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. Bucher Industries 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

Company Info

Description

Bucher Industries AG develops, manufactures, and sells machinery, vehicles, and systems for use in harvesting, food producing and packaging, and roads and public spaces cleaning worldwide. The company’s Kuhn Group division supplies agricultural machinery for tillage, spraying, landscape maintenance, planting and seeding, fertilizing, hay and forage harvesting, and livestock bedding and feeding. Its Bucher Municipal division provides municipal vehicles, such as sweepers and winter maintenance equipment for cleaning and clearing snow from roads; and vehicles for refuse collection and cleaning sewers. The company’s Bucher Hydraulics division offers hydraulic systems, such as pumps, motors, valves, cylinders, power units, elevator drives, and control systems with integrated electronics. Its Bucher Emhart Glass division supplies glass-forming and inspection machinery, systems, components, spare parts, advice, and services for the glass container industry. The company’s Bucher Specials division offers machinery and equipment for winemaking; technologies and equipment for processing fruit juice, beer, and instant products; and systems for automation technology, as well as distributes tractors and specialized agricultural machinery. Bucher Industries AG is based in Niederweningen, Switzerland.

Details
Name: Bucher Industries AG
BUHA
Exchange: DB
Founded:
CHF2,794,293,233
10,212,225
Website: http://www.bucherindustries.com
Address: Bucher Industries AG
Murzlenstrasse 80,
Niederweningen,
Zurich, 8166,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX BUCN Registered Shares SIX Swiss Exchange CH CHF 03. Jan 1994
OTCPK BCHH.F Registered Shares Pink Sheets LLC US USD 03. Jan 1994
DB BUHA Registered Shares Deutsche Boerse AG DE EUR 03. Jan 1994
LSE 0QQN Registered Shares London Stock Exchange GB CHF 03. Jan 1994
Number of employees
Current staff
Staff numbers
13,054
Bucher Industries employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/23 23:38
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/03/06
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.