DB:4LG

Stock Analysis Report

Landis+Gyr Group

Executive Summary

Landis+Gyr Group AG provides metering solutions for electricity, heat/cold, and gas utilities worldwide.


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Landis+Gyr Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 4LG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

4LG

4.8%

DE Electronic

9.9%

DE Market


1 Year Return

19.3%

4LG

-27.5%

DE Electronic

-17.5%

DE Market

Return vs Industry: 4LG exceeded the German Electronic industry which returned 9.5% over the past year.

Return vs Market: 4LG exceeded the German Market which returned 17.1% over the past year.


Shareholder returns

4LGIndustryMarket
7 Day0%4.8%9.9%
30 Day0%-20.4%-16.6%
90 Day0.5%-23.6%-24.8%
1 Year24.4%19.3%-26.0%-27.5%-15.0%-17.5%
3 Yearn/a-3.4%-6.6%-17.4%-24.5%
5 Yearn/a55.2%43.9%-16.6%-28.1%

Price Volatility Vs. Market

How volatile is Landis+Gyr Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Landis+Gyr Group undervalued compared to its fair value and its price relative to the market?

15.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 4LG (€67.85) is trading below our estimate of fair value (€80.5)

Significantly Below Fair Value: 4LG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 4LG is good value based on its PE Ratio (21.5x) compared to the Electronic industry average (27.1x).

PE vs Market: 4LG is poor value based on its PE Ratio (21.5x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: 4LG is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: 4LG is good value based on its PB Ratio (1.4x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Landis+Gyr Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4LG's forecast earnings growth (7.5% per year) is above the savings rate (0.2%).

Earnings vs Market: 4LG's earnings (7.5% per year) are forecast to grow slower than the German market (13.2% per year).

High Growth Earnings: 4LG's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4LG's revenue (4.1% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: 4LG's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 4LG's Return on Equity is forecast to be low in 3 years time (8.9%).


Next Steps

Past Performance

How has Landis+Gyr Group performed over the past 5 years?

62.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4LG has a large one-off gain of $27.9M impacting its March 31 2019 financial results.

Growing Profit Margin: 4LG's current net profit margins (6.9%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: 4LG's earnings have grown significantly by 62.7% per year over the past 5 years.

Accelerating Growth: 4LG's earnings growth over the past year (163.6%) exceeds its 5-year average (62.7% per year).

Earnings vs Industry: 4LG earnings growth over the past year (163.6%) exceeded the Electronic industry 3.1%.


Return on Equity

High ROE: 4LG's Return on Equity (6.7%) is considered low.


Next Steps

Financial Health

How is Landis+Gyr Group's financial position?


Financial Position Analysis

Short Term Liabilities: 4LG's short term assets ($629.8M) exceed its short term liabilities ($524.7M).

Long Term Liabilities: 4LG's short term assets ($629.8M) exceed its long term liabilities ($193.8M).


Debt to Equity History and Analysis

Debt Level: 4LG's debt to equity ratio (4.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 4LG's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 4LG's debt is well covered by operating cash flow (179.7%).

Interest Coverage: 4LG's interest payments on its debt are well covered by EBIT (23.4x coverage).


Balance Sheet

Inventory Level: 4LG has a low level of unsold assets or inventory.

Debt Coverage by Assets: 4LG's debt is covered by short term assets (assets are 6.9x debt).


Next Steps

Dividend

What is Landis+Gyr Group's current dividend yield, its reliability and sustainability?

3.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4LG's dividend (3.46%) is higher than the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: 4LG's dividend (3.46%) is low compared to the top 25% of dividend payers in the German market (3.53%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 4LG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 4LG's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.3%), 4LG's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 4LG's dividends in 3 years are forecast to be covered by earnings (64.9% payout ratio).


Next Steps

Management

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

9.0yrs

Average management tenure


CEO

Richard Mora (54yo)

2.42s

Tenure

Mr. Richard Mora has served as Chief Executive Officer of Landis+Gyr Holdings since April 2017. He served as a Member of board of Directors of Enphase Energy, Inc. since February 2014. He served as Chief O ...


Leadership Team

NamePositionTenureCompensationOwnership
Andreas Umbach
Executive Chairman2.42yrsno data0.23% $5.4m
Richard Mora
Chief Executive Officer2.42yrsno data0.14% $3.4m
Jonathan Elmer
CFO & Executive VP7.08yrsno data0.031% $735.3k
Jyoti Thombre
Executive VP & CTOno datano datano data
Christian Waelti
Head of Investor Relationsno datano datano data
Charlie Pelissier
Group General Counselno datano datano data
Stan March
Senior Vice President of Corporate Communications11yrsno datano data
Adriana Paun
Senior Vice President of Global Human Resourceno datano datano data
Dieter Hecht
Chief Procurement Officer & Executive VP16.17yrsno datano data
John Harris
Head of Governmental Affairs & Public Relations and Vice Presidentno datano datano data

9.0yrs

Average Tenure

56yo

Average Age

Experienced Management: 4LG's management team is seasoned and experienced (9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andreas Umbach
Executive Chairman2.42yrsno data0.23% $5.4m
Andreas Spreiter
Independent Director2.17yrsno data0.022% $521.9k
Christina Stercken
Independent Director2.17yrsno data0.0022% $53.0k
Søren Sørensen
Representative Director0.25yrno datano data
Pierre-Alain Graf
Independent Director2.17yrsno data0.0013% $31.3k
David Geary
Independent Director2.17yrsno datano data
Eric Elzvik
Lead Independent Director2.17yrsno data0.0088% $208.8k
Peter Mainz
Independent Director1.25yrsno datano data

2.2yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 4LG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

Landis+Gyr Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Landis+Gyr Group AG
  • Ticker: 4LG
  • Exchange: DB
  • Founded: 1896
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CHF2.588b
  • Listing Market Cap: CHF2.387b
  • Shares outstanding: 29.31m
  • Website: https://www.landisgyr.eu

Number of Employees


Location

  • Landis+Gyr Group AG
  • Theilerstrasse 1
  • PO Box 260
  • Zug
  • Zug
  • 6302
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RTLLSE (London Stock Exchange)YesRegistered Ordinary SharesGBCHFJul 2017
LANDSWX (SIX Swiss Exchange)YesRegistered Ordinary SharesCHCHFJul 2017
4LGDB (Deutsche Boerse AG)YesRegistered Ordinary SharesDEEURJul 2017
LGYR.FOTCPK (Pink Sheets LLC)YesRegistered Ordinary SharesUSUSDJul 2017
LDGY.YOTCPK (Pink Sheets LLC)UNSPONSRED ADSUSUSDApr 2018

Biography

Landis+Gyr Group AG provides metering solutions for electricity, heat/cold, and gas utilities worldwide. The company offers digital and prepayment electricity, commercial/industrial and grid, smart gas, heat and water, and stand-alone gas meters; load control devices; system deployment services and managed network services; meter data management software; and advanced grid analytics tools. It also provides other advanced metering infrastructure offerings, such as software, installation, implementation, consulting, maintenance support, and related services. The company was formerly known as Landis+Gyr Holding AG. Landis+Gyr Group AG was founded in 1896 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 22:32
End of Day Share Price2019/06/28 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.