XTRA:SCE

Stock Analysis Report

Schweizer Electronic

Executive Summary

Schweizer Electronic AG develops, produces, and distributes printed circuit boards (PCBs) worldwide.

Rewards

Revenue is forecast to grow 29.94% per year

Risk Analysis

Earnings are forecast to decline by an average of -37% per year for the next 3 years

Debt is not well covered by operating cash flow

Highly volatile share price over past 3 months

Does not have a meaningful market cap (€58M)



Snowflake Analysis

Limited growth and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SCE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

10.7%

SCE

1.5%

DE Electronic

1.0%

DE Market


1 Year Return

15.7%

SCE

19.6%

DE Electronic

15.7%

DE Market

Return vs Industry: SCE underperformed the German Electronic industry which returned 19.6% over the past year.

Return vs Market: SCE matched the German Market which returned 15.7% over the past year.


Shareholder returns

SCEIndustryMarket
7 Day10.7%1.5%1.0%
30 Day10.7%-1.6%1.4%
90 Day32.5%11.6%6.7%
1 Year15.7%15.7%22.5%19.6%19.3%15.7%
3 Year-9.9%-13.9%64.9%59.6%19.5%8.9%
5 Year-17.6%-26.0%139.0%121.0%36.9%18.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Schweizer Electronic undervalued compared to its fair value and its price relative to the market?

0.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SCE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SCE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SCE is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: SCE is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SCE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SCE is good value based on its PB Ratio (1x) compared to the DE Electronic industry average (2x).


Next Steps

Future Growth

How is Schweizer Electronic forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-37.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SCE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SCE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SCE's revenue (29.9% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: SCE's revenue (29.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SCE is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Schweizer Electronic performed over the past 5 years?

-12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCE is currently unprofitable.

Growing Profit Margin: SCE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SCE is unprofitable, and losses have increased over the past 5 years at a rate of -12.9% per year.

Accelerating Growth: Unable to compare SCE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SCE is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-5.4%).


Return on Equity

High ROE: SCE has a negative Return on Equity (-5.77%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Schweizer Electronic's financial position?


Financial Position Analysis

Short Term Liabilities: SCE's short term assets (€79.6M) exceed its short term liabilities (€32.0M).

Long Term Liabilities: SCE's short term assets (€79.6M) do not cover its long term liabilities (€96.0M).


Debt to Equity History and Analysis

Debt Level: SCE's debt to equity ratio (95.7%) is considered high.

Reducing Debt: SCE's debt to equity ratio has increased from 23.8% to 95.7% over the past 5 years.

Debt Coverage: SCE's debt is not well covered by operating cash flow (11.6%).

Interest Coverage: Insufficient data to determine if SCE's interest payments on its debt are well covered by EBIT.


Balance Sheet

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

Debt Coverage by Assets: SCE's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage1.3%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SCE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SCE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SCE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SCE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SCE is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SCE's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Rolf Merte 0

0.7yrs

Tenure

€439,556

Compensation

Dr. Rolf Merte has been Chair of Executive Board at Schweizer Electronic AG since October 08, 2018 and its Chief Executive Officer since April 01, 2019. Dr. Merte studied electrical engineering at the Tech ...


CEO Compensation Analysis

Compensation vs Market: Rolf's total compensation ($USD488.94K) is about average for companies of similar size in the German market ($USD431.07K).

Compensation vs Earnings: Insufficient data to compare Rolf's compensation with company performance.


Management Age and Tenure

3.7yrs

Average Tenure

Experienced Management: SCE's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

1.5yrs

Average Tenure

50.5yo

Average Age

Experienced Board: SCE's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • Marc Bunz (54yo)

    CFO & Member of Management Board

    • Tenure: 9.7yrs
    • Compensation: €674.00k
  • Nicolas-Fabian Schweizer (44yo)

    Deputy Chairman of Management Board & CTO

    • Tenure: 3.7yrs
    • Compensation: €710.00k
  • Christian Rössle

    Vice President Sales & Marketing and Director of Embedding/Systems

    • Tenure: 5.4yrs
  • Dirk Rissel

    General Counsel

    • Tenure: 0yrs
  • Christina Blake

    Head of Media & Communications

    • Tenure: 0yrs
  • Jochen Keidel

    Head of Quality Management

    • Tenure: 0yrs
  • Thomas Rall

    Head of Sales

    • Tenure: 0yrs
  • Dirk Gennermann

    Head of Marketing

    • Tenure: 0yrs
  • Martin Graf

    Head of HR Germany

    • Tenure: 2.5yrs
  • Rolf Merte

    Chair of Executive Board & CEO

    • Tenure: 0.7yrs
    • Compensation: €439.56k

Board Members

  • Christoph Schweizer (78yo)

    Chairman of the Supervisory Board

    • Tenure: 0.5yrs
    • Compensation: €23.00k
  • Michael Kowalski (68yo)

    Supervisory Board Member

    • Tenure: 20.5yrs
    • Compensation: €60.00k
  • Stephan Zizala (47yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 2.4yrs
    • Compensation: €45.00k
  • Chris Wu (48yo)

    Member of Supervisory Board

    • Tenure: 2.4yrs
    • Compensation: €15.00k
  • Petra Gaiselmann (48yo)

    Employees’ Representative Supervisory Board Member

    • Tenure: 0.5yrs
  • Jürgen Kammerer (53yo)

    Employees’ Representative Supervisory Board Member

    • Tenure: 0.5yrs

Company Information

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


Key Information

  • Name: Schweizer Electronic AG
  • Ticker: SCE
  • Exchange: XTRA
  • Founded: 1849
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: €58.441m
  • Shares outstanding: 3.77m
  • Website: https://www.schweizer.ag

Number of Employees


Location

  • Schweizer Electronic AG
  • Einsteinstrasse 10
  • Schramberg
  • Baden-Württemberg
  • 78713
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCEDB (Deutsche Boerse AG)YesRegistered SharesDEEURJan 1992
SCEXTRA (XETRA Trading Platform)YesRegistered SharesDEEURJan 1992
0MOELSE (London Stock Exchange)YesRegistered SharesGBEURJan 1992

Biography

Schweizer Electronic AG develops, produces, and distributes printed circuit boards (PCBs) worldwide. The company offers sportive PCBs; and power electronics, including heavy copper, inlay, power combi, IMS ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/15 21:10
End of Day Share Price2019/12/13 00:00
Earnings2019/09/30
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.