ENXTPA:TVRB

Stock Analysis Report

Executive Summary

Téléverbier SA operates as a mountain lift company in Switzerland.

Rewards

Trading at 80.9% below its fair value

Earnings grew by 108.2% over the past year

Risk Analysis

Earnings have declined by -8.66% per year over past 5 years

Latest financial reports are more than 6 months old

Does not have a meaningful market cap (€66M)



Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

TVRB

-2.9%

FR Hospitality

-3.6%

FR Market


1 Year Return

20.9%

TVRB

3.3%

FR Hospitality

18.9%

FR Market

Return vs Industry: TVRB exceeded the French Hospitality industry which returned 8% over the past year.

Return vs Market: TVRB matched the French Market which returned 21.3% over the past year.


Shareholder returns

TVRBIndustryMarket
7 Day0%-2.9%-3.6%
30 Day15.0%-7.2%-2.2%
90 Day14.5%0.1%2.9%
1 Year21.7%20.9%6.2%3.3%23.1%18.9%
3 Year64.7%62.5%2.6%-6.0%41.0%27.6%
5 Year23.9%19.5%13.4%-2.5%58.4%35.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TVRB (€47) is trading below our estimate of fair value (€246.34)

Significantly Below Fair Value: TVRB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TVRB is good value based on its PE Ratio (20.7x) compared to the Hospitality industry average (24.9x).

PE vs Market: TVRB is poor value based on its PE Ratio (20.7x) compared to the French market (18.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TVRB is good value based on its PB Ratio (0.5x) compared to the FR Hospitality industry average (1.3x).


Next Steps

Future Growth

How is Téléverbier forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.1%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Téléverbier has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Téléverbier performed over the past 5 years?

-8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TVRB has high quality earnings.

Growing Profit Margin: TVRB's current net profit margins (6.1%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: TVRB's earnings have declined by -8.7% per year over the past 5 years.

Accelerating Growth: TVRB's earnings growth over the past year (108.2%) exceeds its 5-year average (-8.7% per year).

Earnings vs Industry: TVRB earnings growth over the past year (108.2%) exceeded the Hospitality industry -0.2%.


Return on Equity

High ROE: TVRB's Return on Equity (2.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Téléverbier's financial position?


Financial Position Analysis

Short Term Liabilities: TVRB's short term assets (CHF35.2M) exceed its short term liabilities (CHF23.8M).

Long Term Liabilities: TVRB's short term assets (CHF35.2M) do not cover its long term liabilities (CHF36.4M).


Debt to Equity History and Analysis

Debt Level: TVRB is debt free.

Reducing Debt: TVRB currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: TVRB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TVRB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: TVRB's debt is not covered by short term assets (assets are -20.7x debt).


Next Steps

Dividend

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

0.54%

Current Dividend Yield


Dividend Yield vs Market

company0.5%marketbottom25%1.5%markettop25%4.6%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: TVRB's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.46%).

High Dividend: TVRB's dividend (0.59%) is low compared to the top 25% of dividend payers in the French market (4.43%).


Stability and Growth of Payments

Stable Dividend: TVRB is not paying a notable dividend for the French market, therefore no need to check if payments are stable.

Growing Dividend: TVRB is not paying a notable dividend for the French market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: TVRB is not paying a notable dividend for the French market.


Future Payout to Shareholders

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


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Laurent Vaucher 0

1yrs

Tenure

0

Mr. Laurent Vaucher is Chief Executive Officer of Téléverbier SA since January 2019. 


Management Age and Tenure

3.0yrs

Average Tenure

Experienced Management: TVRB's management team is considered experienced (3 years average tenure).


Board Age and Tenure

10.0yrs

Average Tenure

63yo

Average Age

Experienced Board: TVRB's board of directors are seasoned and experienced ( 10 years average tenure).


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

  • Lionel May

    Operations Director

    • Tenure: 5.7yrs
  • Carole Moos

    Commercial & Marketing Director

    • Tenure: 5.1yrs
  • Nuno Dias

    Finance Director

    • Tenure: 1yrs
  • Marcus Bratter

    Director

    • Laurent Vaucher

      Chief Executive Officer

      • Tenure: 1yrs

    Board Members

    • Christian Burrus (60yo)

      Vice-Chairman of Board of Directors

      • Klaus Jenny (77yo)

        Director

        • Tenure: 19yrs
      • Frédéric Véron (63yo)

        Director

        • Tenure: 20yrs
      • Philippe Roux (67yo)

        Director

        • Tenure: 31yrs
      • Jean-Paul Burrus (65yo)

        Director

        • Tenure: 10yrs
      • Jean-Albert Ferrez

        Chairman of Board of Directors

        • Mélanie Mento (44yo)

          Director

          • Tenure: 8yrs
        • Jean-Michel Gaillard (58yo)

          Director

          • Tenure: 10yrs
        • François Corthay

          Director

          • Tenure: 7yrs
        • Marcus Bratter

          Director

          Company Information

          Téléverbier SA's company bio, employee growth, exchange listings and data sources


          Key Information

          • Name: Téléverbier SA
          • Ticker: TVRB
          • Exchange: ENXTPA
          • Founded: 1950
          • Industry: Leisure Facilities
          • Sector: Consumer Services
          • Market Cap: €72.800m
          • Shares outstanding: 1.40m
          • Website: https://www.televerbier.ch

          Number of Employees


          Location

          • Téléverbier SA
          • CP 419
          • Verbier
          • Valais
          • 1936
          • Switzerland

          Listings

          TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
          TVRBENXTPA (Euronext Paris)YesCommon SharesFREURJan 2005
          0GMWLSE (London Stock Exchange)YesCommon SharesGBEURJan 2005
          TVRBPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJan 2005

          Biography

          Téléverbier SA operates as a mountain lift company in Switzerland. The company operates in the resorts of Verbier, La Tzoumaz, and Bruson. It also provides engineering and lift maintenance services. The company was founded in 1950 and is based in Verbier, Switzerland. 


          Company Analysis and Financial Data Status

          All financial data provided by Standard & Poor's Capital IQ.
          DataLast Updated (UTC time)
          Company Analysis2020/01/27 21:00
          End of Day Share Price2020/01/23 00:00
          Earnings2019/04/30
          Annual Earnings2018/10/31


          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.