Gurit Holding AG, together with its subsidiaries, develops, manufactures, and sells advanced composite materials, related technologies, and finished parts and components to small family enterprises and large multinational corporations in Switzerland and internationally.
Outstanding track record, good value and pays a dividend.
Share Price & News
How has Gurit Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GVM has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GVM exceeded the German Chemicals industry which returned 3.9% over the past year.
Return vs Market: GVM exceeded the German Market which returned 17.1% over the past year.
Price Volatility Vs. Market
How volatile is Gurit Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Gurit Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GVM (€908) is trading below our estimate of fair value (€1274.61)
Significantly Below Fair Value: GVM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GVM is good value based on its PE Ratio (15.9x) compared to the Chemicals industry average (22.4x).
PE vs Market: GVM is good value based on its PE Ratio (15.9x) compared to the German market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: GVM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: GVM is overvalued based on its PB Ratio (4.7x) compared to the DE Chemicals industry average (1.8x).
How is Gurit Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GVM's earnings are forecast to decline over the next 3 years (-1.5% per year).
Earnings vs Market: GVM's earnings are forecast to decline over the next 3 years (-1.5% per year).
High Growth Earnings: GVM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GVM's revenue (3.3% per year) is forecast to grow slower than the German market (4.8% per year).
High Growth Revenue: GVM's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GVM's Return on Equity is forecast to be low in 3 years time (18.2%).
How has Gurit Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GVM has high quality earnings.
Growing Profit Margin: GVM's current net profit margins (9.4%) are higher than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: GVM's earnings have grown significantly by 24.7% per year over the past 5 years.
Accelerating Growth: GVM's earnings growth over the past year (77.2%) exceeds its 5-year average (24.7% per year).
Earnings vs Industry: GVM earnings growth over the past year (77.2%) exceeded the Chemicals industry -10.8%.
Return on Equity
High ROE: GVM's Return on Equity (34.6%) is considered high.
Return on Assets
Return on Capital Employed
How is Gurit Holding's financial position?
Financial Position Analysis
Short Term Liabilities: GVM's short term assets (CHF255.9M) exceed its short term liabilities (CHF141.9M).
Long Term Liabilities: GVM's short term assets (CHF255.9M) exceed its long term liabilities (CHF78.1M).
Debt to Equity History and Analysis
Debt Level: GVM's debt to equity ratio (81.6%) is considered high.
Reducing Debt: GVM's debt to equity ratio has increased from 14% to 81.6% over the past 5 years.
Debt Coverage: GVM's debt is well covered by operating cash flow (39.7%).
Interest Coverage: GVM's interest payments on its debt are well covered by EBIT (20.1x coverage).
Inventory Level: GVM has a high level of physical assets or inventory.
Debt Coverage by Assets: GVM's debt is covered by short term assets (assets are 2.3x debt).
What is Gurit Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GVM's dividend (1.59%) is higher than the bottom 25% of dividend payers in the German market (1.38%).
High Dividend: GVM's dividend (1.59%) is low compared to the top 25% of dividend payers in the German market (3.53%).
Stability and Growth of Payments
Stable Dividend: GVM's dividend payments have been volatile in the past 10 years.
Growing Dividend: GVM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.2%), GVM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GVM's dividends in 3 years are forecast to be well covered by earnings (30% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rudolf Hadorn (56yo)
Mr. Rudolf Hadorn, lic. oec. HSG, has been the Chief Executive Officer at Gurit Holding AG since November 1, 2007. Mr. Hadorn served as an Interim of General Manager for Gurit Composite Components at Gurit ...
CEO Compensation Analysis
Compensation vs Market: Rudolf's total compensation ($USD1.44M) is above average for companies of similar size in the German market ($USD817.80K).
Compensation vs Earnings: Rudolf's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||11.8yrs||CHF1.42m||0.37% CHF2.0m|
|Interim Chief Financial Officer||0.7yrs||no data||no data|
|Group Chief Technology Officer||0.8yrs||no data||no data|
|Head of Marketing & Corporate Communications||0yrs||no data||no data|
|Head of Group Human Resources||4.9yrs||no data||0.033% CHF179.4k|
|Chief Executive Officer of An Operating Unit||0yrs||CHF97.00k||no data|
|Head of Tooling Business||8.2yrs||no data||no data|
|GM & Business Unit Head for Aero||0.7yrs||no data||no data|
Experienced Management: GVM's management team is considered experienced (2.9 years average tenure).
|Non-Executive Director||13.4yrs||CHF118.00k||0.081% CHF441.1k|
|Non-Executive Director||24.3yrs||CHF118.00k||0.091% CHF493.2k|
|Directors||0.4yrs||no data||no data|
|Non-Executive Director||5.4yrs||CHF104.00k||0.035% CHF192.2k|
|Director||0.4yrs||no data||no data|
Experienced Board: GVM's board of directors are considered experienced (6.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gurit Holding AG's company bio, employee growth, exchange listings and data sources
- Name: Gurit Holding AG
- Ticker: GVM
- Exchange: DB
- Founded: 1835
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: CHF588.574m
- Listing Market Cap: CHF541.639m
- Shares outstanding: 467.87k
- Website: https://www.gurit.com
Number of Employees
- Gurit Holding AG
- Ebnaterstrasse 79
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GUR||SWX (SIX Swiss Exchange)||Yes||Bearer Shares||CH||CHF||Jan 1992|
|GVM||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||Jan 1992|
|0QQR||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||CHF||Jan 1992|
Gurit Holding AG, together with its subsidiaries, develops, manufactures, and sells advanced composite materials, related technologies, and finished parts and components to small family enterprises and large multinational corporations in Switzerland and internationally. The company operates through four segments: Tooling, Kitting, Composite Materials, and Aerospace. It offers fiber-reinforced pre-impregnated materials, structural core products, gel coats, adhesives, resins, and consumables; flame retardant materials; liquid and filled systems, such as laminating and infusion systems, filling and fairing products, multi-purpose systems, tooling products, and coatings; reinforcements; ancillaries and consumables; and other products comprising B³ SmartPac, a construction solution that helps builders to manufacture composite components, as well as Hi-Panels, which are epoxy infused composite panels. The company also provides wind turbine blade kits; and tooling products consisting of wind blade master plugs, wind blade moulds, mould heating systems, wind blade hinge systems, and composite mineral castings, as well as mould alignment and clamping products. In addition, it offers composite engineering services to yachts, power boats, military and commercial vehicles, and civil structures and bridges, as well as architectural, vehicles and transportation, industrial, and renewable applications. The company was founded in 1835 and is based in Wattwil, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/09/25 20:46|
|End of Day Share Price||2019/06/28 00:00|
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.