DB:9OI

Stock Analysis Report

Executive Summary

ORIOR AG, together with its subsidiaries, produces and supplies refined meat and convenience food in Switzerland and internationally.

Snowflake

Fundamentals

Solid track record and good value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

DB:9OI

1.5%

DE Food

0.2%

DE Market


1 Year Return

-3.5%

DB:9OI

4.0%

DE Food

-10.0%

DE Market

9OI underperformed the Food industry which returned 2% over the past year.

9OI outperformed the Market in Germany which returned -10.4% over the past year.


Share holder returns

9OIIndustryMarket
7 Day0%1.5%0.2%
30 Day0%6.4%-3.3%
90 Day10.7%3.3%-3.9%
1 Year-0.6%-3.5%5.6%4.0%-7.1%-10.0%
3 Year32.0%21.2%-9.0%-14.5%11.3%1.7%
5 Year94.8%67.1%36.5%24.4%25.8%8.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is ORIOR undervalued based on future cash flows and its price relative to the stock market?

42%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

ORIOR's share price is below the future cash flow value, and at a moderate discount (> 20%).

ORIOR's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

ORIOR is good value based on earnings compared to the DE Food industry average.

ORIOR is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

ORIOR is poor value based on expected growth next year.


Price Based on Value of Assets

ORIOR is overvalued based on assets compared to the DE Food industry average.


Next Steps

Future Growth

How is ORIOR expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

ORIOR's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).

ORIOR's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

ORIOR's revenue growth is positive but not above the Germany market average.

ORIOR's earnings growth is positive but not above the Germany market average.

ORIOR's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

ORIOR is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has ORIOR performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

ORIOR's year on year earnings growth rate has been positive over the past 5 years.

ORIOR's 1-year earnings growth exceeds its 5-year average (25.8% vs 4.4%)

ORIOR's earnings growth has exceeded the DE Food industry average in the past year (25.8% vs 11.3%).


Return on Equity

Whilst ORIOR has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

ORIOR used its assets more efficiently than the DE Food industry average last year based on Return on Assets.


Return on Capital Employed

ORIOR has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is ORIOR's financial position?


Financial Position Analysis

ORIOR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

ORIOR's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

ORIOR's level of debt (200.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (46.2% vs 200.1% today).

Debt is well covered by operating cash flow (29.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 24.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

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

2.83%

Expected Dividend Yield


Dividend Yield and Payments Analysis

ORIOR's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.57%).

ORIOR's dividend is below the markets top 25% of dividend payers in Germany (4.29%).

Whilst dividend payments have been stable, ORIOR has been paying a dividend for less than 10 years.

Dividend payments have increased, but ORIOR only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Daniel Lutz (53yo)

4.8yrs

Tenure

CHF979,156

Compensation

Mr. Daniel Lutz has been the Chief Executive Officer of ORIOR AG since October, 2014 and had been its Member of Management Board February 2015. From 1992 to 2001, Mr. Lutz worked for Nestlé Switzerland in  ...


CEO Compensation Analysis

Daniel's remuneration is about average for companies of similar size in Germany.

Daniel's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.9yrs

Average Tenure

The tenure for the ORIOR management team is about average.


Board Age and Tenure

1.8yrs

Average Tenure

61yo

Average Age

The average tenure for the ORIOR board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Milena Mathiuet

    Head of Corporate Communication & Investor Relations

    • Tenure: 0.0yrs
  • Glauco Martinetti

    Head of Rapelli

    • Tenure: 0.0yrs
  • Urs Mösli

    Head of Möfag

    • Tenure: 0.0yrs
  • Bruno Bürki

    Head of Albert Spiess

    • Tenure: 7.2yrs
  • Beni Pfulg

    Interim Chief Financial Officer

    • Tenure: 0.7yrs
  • Daniel Lutz (53yo)

    Chief Executive Officer

    • Tenure: 4.8yrs
    • Compensation: CHF979.16k
  • Oscar Marini

    Head of Pastinella & Group Innovation Manager

    • Tenure: 3.6yrs
  • Filip De Spiegeleire (58yo)

    Head of Orior Europe & Head Culinor Food Group

    • Tenure: 2.9yrs
  • Sven Maushake

    Chief Information Officer

    • Tenure: 2.8yrs
  • Max Dreussi

    Head of Fredag

    • Tenure: 2.3yrs

Board Members

  • Markus Neuhaus (61yo)

    Vice Chairman of the Board

    • Tenure: 0.3yrs
  • Markus Vögeli (58yo)

    Director

    • Tenure: 0.3yrs
  • Rolf Sutter (64yo)

    Chairman of the Board of Directors

    • Tenure: 8.3yrs
    • Compensation: CHF356.85k
  • Monika Walser (54yo)

    Non-Executive Director

    • Tenure: 6.6yrs
    • Compensation: CHF78.52k
  • Walter Lüthi (66yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: CHF66.68k
  • Monika Schüpbach

    Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: ORIOR AG
  • Ticker: 9OI
  • Exchange: DB
  • Founded: 1852
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CHF544.023m
  • Listing Market Cap: CHF499.921m
  • Shares outstanding: 6.51m
  • Website: https://www.orior.ch

Number of Employees


Location

  • ORIOR AG
  • Dufourstrasse 101
  • Zurich
  • Zurich
  • 8008
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORONSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFApr 2010
9OIDB (Deutsche Boerse AG)YesRegistered SharesDEEURApr 2010
0QM6LSE (London Stock Exchange)YesRegistered SharesGBCHFApr 2010

Biography

ORIOR AG, together with its subsidiaries, produces and supplies refined meat and convenience food in Switzerland and internationally. The company operates through three segments: ORIOR Refinement, ORIOR Co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 21:27
End of Day Share Price2019/06/28 00:00
Earnings2018/12/31
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.