DB:NDH1

Stock Analysis Report

Executive Summary

Metall Zug AG, through its subsidiaries, engages in household appliances, infection control, and wire processing businesses worldwide.


Snowflake Analysis

Excellent balance sheet, good value and pays a dividend.

Share Price & News

How has Metall Zug's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NDH1 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

NDH1

0.02%

DE Consumer Durables

-0.9%

DE Market


1 Year Return

-33.7%

NDH1

3.1%

DE Consumer Durables

12.8%

DE Market

Return vs Industry: NDH1 underperformed the German Consumer Durables industry which returned -0% over the past year.

Return vs Market: NDH1 underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

NDH1IndustryMarket
7 Day0%0.02%-0.9%
30 Day0%0.9%0.6%
90 Day1.0%3.7%2.9%
1 Year-31.9%-33.7%5.6%3.1%16.3%12.8%
3 Year-28.6%-33.2%2.8%-5.8%15.8%5.7%
5 Year4.1%-6.1%25.2%8.1%19.7%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Metall Zug undervalued compared to its fair value and its price relative to the market?

14.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NDH1 (€1950) is trading above our estimate of fair value (€1083.53)

Significantly Below Fair Value: NDH1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NDH1 is good value based on its PE Ratio (14.7x) compared to the Consumer Durables industry average (17.2x).

PE vs Market: NDH1 is good value based on its PE Ratio (14.7x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: NDH1 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: NDH1 is good value based on its PB Ratio (1.3x) compared to the DE Consumer Durables industry average (1.7x).


Next Steps

Future Growth

How is Metall Zug forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

39.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NDH1's forecast earnings growth (39.6% per year) is above the savings rate (0.2%).

Earnings vs Market: NDH1's earnings (39.6% per year) are forecast to grow faster than the German market (13.2% per year).

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

Revenue vs Market: NDH1's revenue (2% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: NDH1's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NDH1's Return on Equity is forecast to be low in 3 years time (10.6%).


Next Steps

Past Performance

How has Metall Zug performed over the past 5 years?

-7.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NDH1 has high quality earnings.

Growing Profit Margin: NDH1's current net profit margins (2.9%) are lower than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: NDH1's earnings have declined by -7.4% per year over the past 5 years.

Accelerating Growth: NDH1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NDH1 had negative earnings growth (-38%) over the past year, making it difficult to compare to the Consumer Durables industry average (-15.9%).


Return on Equity

High ROE: NDH1's Return on Equity (5.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Metall Zug's financial position?


Financial Position Analysis

Short Term Liabilities: NDH1's short term assets (CHF614.7M) exceed its short term liabilities (CHF239.0M).

Long Term Liabilities: NDH1's short term assets (CHF614.7M) exceed its long term liabilities (CHF92.4M).


Debt to Equity History and Analysis

Debt Level: NDH1's debt to equity ratio (0.7%) is considered satisfactory.

Reducing Debt: NDH1's debt to equity ratio has increased from 0.01% to 0.7% over the past 5 years.

Debt Coverage: NDH1's debt is well covered by operating cash flow (2521.8%).

Interest Coverage: NDH1 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: NDH1 has a high level of physical assets or inventory.

Debt Coverage by Assets: NDH1's debt is covered by short term assets (assets are 117.2x debt).


Next Steps

Dividend

What is Metall Zug's current dividend yield, its reliability and sustainability?

3.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NDH1's dividend (3.37%) is higher than the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: NDH1's dividend (3.37%) is low compared to the top 25% of dividend payers in the German market (3.53%).


Stability and Growth of Payments

Stable Dividend: NDH1's dividend payments have been volatile in the past 10 years.

Growing Dividend: NDH1's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.4%), NDH1's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NDH1's dividends in 3 years are forecast to be well covered by earnings (49.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Jürg Werner (63yo)

7.3yrs

Tenure

CHF3,486,313

Compensation

Dr. Jürg Werner has been the Chief Executive Officer at Metall Zug AG since June 1, 2012. Dr. Werner served as Chief Executive Officer of V-ZUG AG from June 1, 2010 to August 31, 2013 and served as its Chi ...


CEO Compensation Analysis

Compensation vs Market: Jürg's total compensation ($USD3.52M) is above average for companies of similar size in the German market ($USD1.28M).

Compensation vs Earnings: Jürg's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jürg Werner
Chief Executive Officer7.3yrsCHF3.49m0.0045% CHF38.3k
Daniel Keist
Chief Financial Officer6.7yrsno datano data
Christof Gassner
Head of Corporate Communications & IR0yrsno datano data
Christoph Schüpbach
Head of Wire Processing Business Unit6.9yrsno datano data
Dirk Hoffmann
Head of Household Appliances Business Unit & CEO of V-ZUG AG6yrsno data0.0045% CHF38.3k
Dominik Arnold
CEO & Head of the Infection Control Business Unit of Belimed AG0.3yrsno datano data

6.7yrs

Average Tenure

58yo

Average Age

Experienced Management: NDH1's management team is seasoned and experienced (6.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Terwiesch
Non-Executive Director9.7yrsCHF133.28k0.0022% CHF19.2k
Martin Wipfli
Non-Executive Director9.7yrsCHF275.00k0.12% CHF989.7k
Heinz Buhofer
Chairman of the Board6.3yrsCHF586.24k33.94% CHF291.8m
Marga Gyger
Non-Executive Director8.7yrsCHF154.87kno data

9.2yrs

Average Tenure

59.5yo

Average Age

Experienced Board: NDH1's board of directors are considered experienced (9.2 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Metall Zug AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Metall Zug AG
  • Ticker: NDH1
  • Exchange: DB
  • Founded: 1887
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: CHF932.402m
  • Listing Market Cap: CHF859.786m
  • Shares outstanding: 448.27k
  • Website: https://www.metallzug.ch

Number of Employees


Location

  • Metall Zug AG
  • Industriestrasse 66
  • Postfach 59
  • Zug
  • 6301
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
METNSWX (SIX Swiss Exchange)YesType B Registered SharesCHCHFMay 2008
NDH1DB (Deutsche Boerse AG)YesType B Registered SharesDEEURMay 2008
0QLXLSE (London Stock Exchange)YesType B Registered SharesGBCHFMay 2008

Biography

Metall Zug AG, through its subsidiaries, engages in household appliances, infection control, and wire processing businesses worldwide. The company’s Household Appliances business unit develops, manufactures, and sells kitchen and laundry appliances, including sluice appliances, nursing baths, patient lifts, safety handle systems, and coffee machines, as well as dishwashers and cooking, roasting, and baking appliances for hotel, restaurant, catering, and care home and hospital sectors. Its Infection Control business unit provides cleaning, disinfection, and sterilization systems that are used in hospitals and the pharmaceutical industry. The company’s Wire Processing business unit develops, produces, and distributes semiautomatic and fully automatic machines for the cutting, stripping, crimping, sealing, twisting, tinning, and printing of various types of wires and cables. It also offers software packages to optimize machine efficiency and utilization for complex applications. This business unit serves customers in automotive, entertainment electronic, IT and telecommunication, medicine, aviation, and apparatus and systems engineering industries through its network of sales and service companies, as well as through distributors. Metall Zug AG was founded in 1887 and is headquartered in Zug, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/25 21:59
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.