Buy Or Sell Opportunity • Apr 27
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at CHF14.40. The fair value is estimated to be CHF11.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 31
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to CHF15.24. The fair value is estimated to be CHF12.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 30
mobilezone holding ag to Report Fiscal Year 2026 Results on Feb 26, 2027 mobilezone holding ag announced that they will report fiscal year 2026 results on Feb 26, 2027 Declared Dividend • Mar 30
Dividend of CHF0.90 announced Dividend of CHF0.90 is the same as last year. Ex-date: 15th April 2026 Payment date: 17th April 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (252% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Announcement • Mar 10
mobilezone holding ag, Annual General Meeting, Apr 08, 2026 mobilezone holding ag, Annual General Meeting, Apr 08, 2026, at 10:30 W. Europe Standard Time. Announcement • Mar 07
mobilezone holding ag announces Annual dividend, payable on April 17, 2026 mobilezone holding ag announced Annual dividend of CHF 0.9000 per share payable on April 17, 2026, ex-date on April 15, 2026 and record date on April 16, 2026. Announcement • Oct 10
Freenet Dls GmbH reached an agreement to acquire mobilezone Deutschland GmbH from mobilezone holding ag (SWX:MOZN) for €230 million. Freenet Dls GmbH reached an agreement to acquire mobilezone Deutschland GmbH from mobilezone holding ag (SWX:MOZN) for €230 million on October 8, 2025. The consideration is payable in cash. The agreement covers all German business activities: the online sales platforms Sparhandy, Deinhandy, and Handystar, the B2B business (mobilezone Handel), as well as the MVNO business with the brand HIGH and the re-seller brand simyo. For the period ending December 31, 2024, mobilezone Deutschland GmbH reported total revenue of €779 million and EBITDA of €30.3 million. Upon completion, Feyzi Demirel, today Chief Sales & Operations Officer of mobilezone Deutschland, will take over as CEO of mobilezone Deutschland from Wilke Stroman. Wilke Stroman will continue to serve as an advisor to the freenet Group. The transaction is subject to the usual antitrust approvals and approval from the Bundeskartellamt and is expected to close by the end of 2025. The proceeds from the sale of around EUR 230 million will be used for inorganic growth in Switzerland and for debt reduction. A potential share buyback program will be considered after completion of the transaction.
Jens Wenzel, Frank Burmeister, Hendrik Bockenheimer, Sebastian Adam, Matthias Rothkopf and Sarah Milde Lodde of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB and Albrecht Conrad of Hengeler Mueller acted as legal advisor to Freenet Dls GmbH. Reported Earnings • Aug 19
First half 2025 earnings released: EPS: CHF0.41 (vs CHF0.44 in 1H 2024) First half 2025 results: EPS: CHF0.41 (down from CHF0.44 in 1H 2024). Revenue: CHF429.6m (down 9.8% from 1H 2024). Net income: CHF17.6m (down 7.5% from 1H 2024). Profit margin: 4.1% (up from 4.0% in 1H 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Aug 17
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CHF26m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-CHF26m). Minor Risks Dividend is not well covered by earnings (249% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Buy Or Sell Opportunity • Aug 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to CHF10.24. The fair value is estimated to be CHF13.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Announcement • Aug 15
mobilezone holding ag to Report First Half, 2026 Results on Aug 14, 2026 mobilezone holding ag announced that they will report first half, 2026 results on Aug 14, 2026 Announcement • Apr 09
Mobilezone Holding Ag Announces CFO Changes mobilezone holding ag announced that Bernhard Mächler, current CFO of mobilezone Switzerland, will assume the role of Group CFO from October. Andreas Fecker has decided to explore new professional opportunities after 11 years as Group CFO of mobilezone and will leave the company at the end of 2025. Andreas Fecker started as Head of Finance & Controlling at mobilezone in 2007 and has been CFO, as well as part of the executive board since 2014. During his 18-year tenure at mobilezone, Andreas Fecker played a key role in building and expanding the finance organization and successfully led various financing and capital market transactions. From October 1, 2025, current mobilezone Switzerland CFO, Bernhard Mächler, will take over as Group CFO. Bernhard Mächler, a certified public accountant, is very familiar with the finances and the business model of mobilezone through his previous work, as he has significantly shaped various initiatives and projects over the past few years. Bernhard Mächler (born 1990) has been CFO of mobilezone Switzerland since 2024. He joined the company in September 2020 as Senior Controlling Manager and has led the Corporate Controlling department since April 2021. Previously, from 2014, he worked for PricewaterhouseCoopers as an auditor in various leadership positions for around six years. Bernhard Mächler holds a master's degree in Accounting & Finance from the University of St. Gallen (HSG) and is a federally certified public accountant. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CHF9.49, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF16.72 per share. Announcement • Apr 05
mobilezone holding ag to Report Fiscal Year 2025 Results on Mar 06, 2026 mobilezone holding ag announced that they will report fiscal year 2025 results on Mar 06, 2026 Announcement • Apr 04
mobilezone holding ag Announces Gabriela Theus, A Member of the Board of Director Will Not to Stand for Re-Election mobilezone holding ag announced that Gabriela Theus, a member of the Board of Directors since 2018, has decided not to stand for re-election after seven years of service. She chaired the Audit and Risk Committee for seven years. Upcoming Dividend • Apr 02
Upcoming dividend of CHF0.90 per share Eligible shareholders must have bought the stock before 09 April 2025. Payment date: 11 April 2025. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 7.4%. Within top quartile of British dividend payers (6.1%). Higher than average of industry peers (4.8%). Buy Or Sell Opportunity • Mar 23
Now 21% undervalued Over the last 90 days, the stock has risen 28% to CHF13.02. The fair value is estimated to be CHF16.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. New Risk • Mar 11
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 229% Dividend yield: 4.1% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-CHF4.8m). Dividend is not well covered by earnings (229% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Declared Dividend • Mar 10
Dividend of CHF0.90 announced Shareholders will receive a dividend of CHF0.90. Ex-date: 9th April 2025 Payment date: 11th April 2025 Dividend yield will be 7.2%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. EPS is expected to grow by 82% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: CHF0.39 (vs CHF1.15 in FY 2023) Full year 2024 results: EPS: CHF0.39 (down from CHF1.15 in FY 2023). Revenue: CHF1.00b (flat on FY 2023). Net income: CHF17.0m (down 66% from FY 2023). Profit margin: 1.7% (down from 4.9% in FY 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CHF12.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 11% over the past three years. Reported Earnings • Aug 19
First half 2024 earnings released: EPS: CHF0.47 (vs CHF0.48 in 1H 2023) First half 2024 results: EPS: CHF0.47 (down from CHF0.48 in 1H 2023). Revenue: CHF479.5m (up 1.1% from 1H 2023). Net income: CHF20.3m (down 3.0% from 1H 2023). Profit margin: 4.2% (down from 4.4% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Apr 03
Upcoming dividend of CHF0.90 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 12 April 2024. Payout ratio is on the higher end at 78%, and the cash payout ratio is above 100%. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (6.0%). In line with average of industry peers (3.4%). Declared Dividend • Mar 11
Dividend of CHF0.90 announced Dividend of CHF0.90 is the same as last year. Ex-date: 10th April 2024 Payment date: 12th April 2024 Dividend yield will be 6.2%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: CHF1.15 (vs CHF1.25 in FY 2022) Full year 2023 results: EPS: CHF1.15 (down from CHF1.25 in FY 2022). Revenue: CHF1.01b (up 1.1% from FY 2022). Net income: CHF49.5m (down 9.3% from FY 2022). Profit margin: 4.9% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Reported Earnings • Aug 21
First half 2023 earnings released: EPS: CHF0.48 (vs CHF0.59 in 1H 2022) First half 2023 results: EPS: CHF0.48 (down from CHF0.59 in 1H 2022). Revenue: CHF474.2m (down 5.1% from 1H 2022). Net income: CHF20.9m (down 20% from 1H 2022). Profit margin: 4.4% (down from 5.2% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 05
Upcoming dividend of CHF0.90 per share at 6.1% yield Eligible shareholders must have bought the stock before 12 April 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CHF14.52, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF25.51 per share. Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: CHF1.25 (vs CHF1.14 in FY 2021) Full year 2022 results: EPS: CHF1.25 (up from CHF1.14 in FY 2021). Revenue: CHF1.00b (up 2.2% from FY 2021). Net income: CHF54.5m (up 7.6% from FY 2021). Profit margin: 5.4% (up from 5.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 24
mobilezone holding ag to Report First Half, 2023 Results on Aug 18, 2023 mobilezone holding ag announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Aug 20
First half 2022 earnings released: EPS: CHF0.59 (vs CHF0.40 in 1H 2021) First half 2022 results: EPS: CHF0.59 (up from CHF0.40 in 1H 2021). Revenue: CHF499.6m (up 3.1% from 1H 2021). Net income: CHF26.0m (up 46% from 1H 2021). Profit margin: 5.2% (up from 3.7% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.2%, compared to a 8.7% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 20
mobilezone holding ag to Report Fiscal Year 2022 Results on Mar 10, 2023 mobilezone holding ag announced that they will report fiscal year 2022 results on Mar 10, 2023 Announcement • Apr 09
mobilezone holding ag, Annual General Meeting, Apr 05, 2023 mobilezone holding ag, Annual General Meeting, Apr 05, 2023. Upcoming Dividend • Apr 06
Upcoming dividend of CHF0.84 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 19 April 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of British dividend payers (4.6%). Higher than average of industry peers (2.5%). Reported Earnings • Mar 12
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: CHF981.5m (down 21% from FY 2020). Net income: CHF50.7m (up 47% from FY 2020). Profit margin: 5.2% (up from 2.8% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 11%, compared to a 12% growth forecast for the retail industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 18% share price gain to CHF15.62, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF27.37 per share. Reported Earnings • Aug 22
First half 2021 earnings released: EPS CHF0.40 (vs CHF0.15 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CHF484.5m (down 19% from 1H 2020). Net income: CHF17.8m (up 157% from 1H 2020). Profit margin: 3.7% (up from 1.2% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Executive Departure • Apr 09
Independent Chairman of the Board Urs Fischer has left the company On the 7th of April, Urs Fischer's tenure as Independent Chairman of the Board ended after 12.0 years in the role. As of December 2020, Urs personally held only 2.50k shares (CHF25k worth at the time). A total of 2 executives have left over the last 12 months. Upcoming Dividend • Apr 07
Upcoming dividend of CHF0.56 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 16 April 2021. Trailing yield: 4.5%. Within top quartile of British dividend payers (4.3%). Higher than average of industry peers (2.6%). Analyst Estimate Surprise Post Earnings • Mar 13
Revenue misses expectations Revenue missed analyst estimates by 1.5%. Over the next year, revenue is expected to shrink by 9.1% compared to a 6.3% growth forecast for the Specialty Retail industry in the United Kingdom. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS CHF0.77 (vs CHF1.04 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CHF1.24b (down 6.5% from FY 2019). Net income: CHF34.5m (down 22% from FY 2019). Profit margin: 2.8% (down from 3.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 01
New 90-day high: CHF10.96 The company is up 14% from its price of CHF9.65 on 01 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF14.66 per share. Is New 90 Day High Low • Feb 04
New 90-day high: CHF10.66 The company is up 15% from its price of CHF9.30 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF14.76 per share. Is New 90 Day High Low • Dec 30
New 90-day high: CHF10.16 The company is up 11% from its price of CHF9.13 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF15.20 per share. Is New 90 Day High Low • Nov 19
New 90-day high: CHF10.04 The company is up 25% from its price of CHF8.04 on 20 August 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF13.15 per share. 
