OTCPK:OERL.F

Stock Analysis Report

Executive Summary

OC Oerlikon Corporation AG provides advanced materials, surface technologies, coating equipment, and services worldwide.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.5%

OERL.F

3.3%

US Machinery

1.0%

US Market


1 Year Return

n/a

OERL.F

10.0%

US Machinery

8.0%

US Market

Return vs Industry: Insufficient data to determine how OERL.F performed against the US Machinery industry.

Return vs Market: Insufficient data to determine how OERL.F performed against the US Market.


Shareholder returns

OERL.FIndustryMarket
7 Day0.5%3.3%1.0%
30 Day-11.2%2.3%-0.07%
90 Dayn/a-2.0%-1.0%
1 Yearn/a12.4%10.0%10.4%8.0%
3 Year-1.5%-1.5%51.4%41.6%46.2%36.7%
5 Year-18.1%-18.1%58.9%39.6%64.3%46.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

13.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OERL.F ($9.9) is trading below our estimate of fair value ($11.44)

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


Price To Earnings Ratio

PE vs Industry: OERL.F is poor value based on its PE Ratio (21.6x) compared to the Machinery industry average (20.3x).

PE vs Market: OERL.F is poor value based on its PE Ratio (21.6x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: OERL.F is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: OERL.F is good value based on its PB Ratio (1.8x) compared to the US Machinery industry average (2.3x).


Next Steps

Future Growth

How is OC Oerlikon forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

49.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OERL.F's forecast earnings growth (49.8% per year) is above the savings rate (2.7%).

Earnings vs Market: OERL.F's earnings (49.8% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OERL.F's revenue (3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: OERL.F's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OERL.F's Return on Equity is forecast to be low in 3 years time (9.5%).


Next Steps

Past Performance

How has OC Oerlikon performed over the past 5 years?

6.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OERL.F's earnings have grown by 6% per year over the past 5 years.

Accelerating Growth: OERL.F's earnings growth over the past year (2.6%) is below its 5-year average (6% per year).

Earnings vs Industry: OERL.F earnings growth over the past year (2.6%) underperformed the Machinery industry 16.7%.


Return on Equity

High ROE: OERL.F's Return on Equity (8.8%) is considered low.


Return on Assets

ROA vs Industry: OERL.F's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: OERL.F has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is OC Oerlikon's financial position?


Financial Position Analysis

Short Term Liabilities: OERL.F's short term assets (CHF1.6B) exceeds its short term liabilities (CHF1.0B)

Long Term Liabilities: OERL.F's short term assets (1.6B) exceeds its long term liabilities (932.0M)


Debt to Equity History and Analysis

Debt Level: OERL.F's debt to equity ratio (8.6%) is considered satisfactory

Reducing Debt: OERL.F's debt to equity ratio has reduced from 37.3% to 8.6% over the past 5 years.

Debt Coverage: OERL.F's debt is well covered by operating cash flow (189%).

Interest Coverage: OERL.F's interest payments on its debt are well covered by EBIT (29.2x coverage).


Balance Sheet

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

Debt Coverage by Assets: OERL.F's debt is covered by short term assets (assets are 10.619350x debt).


Next Steps

Dividend

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

3.45%

Current Dividend Yield


Dividend Yield vs Market

company3.5%marketbottom25%1.4%markettop25%3.7%industryaverage2.1%forecastin3Years3.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: OERL.F's dividend (3.45%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: OERL.F's dividend (3.45%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: Whilst dividend payments have been stable, OERL.F has been paying a dividend for less than 10 years.

Growing Dividend: OERL.F's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.6%), OERL.F's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OERL.F's dividends in 3 years are forecast to be covered by earnings (59.6% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Roland Fischer (57yo)

3.6yrs

Tenure

CHF4,311,000

Compensation

Dr. Roland Fischer has been the Chief Executive Officer at OC Oerlikon Corporation AG since March 1, 2016. Dr. Fischer has been the Chief Executive Officer of Surface Solutions Segment at OC Oerlikon Corpo ...


CEO Compensation Analysis

Compensation vs. Market: Roland's total compensation ($USD4.37M) is about average for companies of similar size in the US market ($USD5.12M).

Compensation vs Earnings: Roland's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.3yrs

Average Tenure

60.5yo

Average Age

Experienced Management: OERL.F's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

3.5yrs

Average Tenure

58yo

Average Age

Experienced Board: OERL.F's board of directors are considered experienced (3.5 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


Management Team

  • Jürg Fedier (64yo)

    Chief Financial Officer

    • Tenure: 10.8yrs
    • Compensation: CHF3.28m
  • Helmut Rudigier (64yo)

    Chief Technology Officer

    • Tenure: 1.9yrs
  • Roland Fischer (57yo)

    CEO & CEO of Surface Solutions Segment

    • Tenure: 3.6yrs
    • Compensation: CHF4.31m
  • Anna Ryzhova (40yo)

    Chief Human Resources Officer

    • Tenure: 3yrs
  • Andreas Schwarzwälder

    Head of Group Communications

    • Tenure: 0yrs
  • Philipp Müller

    Executive Officer

    • Tenure: 0yrs
  • Leng Wong

    Head of External Communications & Public Affairs

    • Tenure: 0yrs

Board Members

  • Geoffery Merszei (68yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: CHF297.00k
  • Georg Färber

    Member of Scientific Advisory Board

    • Tenure: 0yrs
  • Gerhard Pegam (57yo)

    Vice Chairman of the Board of Directors

    • Tenure: 2.8yrs
    • Compensation: CHF376.00k
  • Al Pisano

    Member of Scientific Advisory Board

    • Tenure: 0yrs
  • Jean Botti (62yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: CHF278.00k
  • Peter Chen (59yo)

    Member of Scientific Advisory Board

    • Tenure: 0yrs
  • David Metzger (50yo)

    Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: CHF278.00k
  • Werner Martienssen

    Chairman of Scientific Advisory Board

    • Tenure: 0yrs
  • Christian Brecher

    Member of Scientific Advisory Board

    • Tenure: 0yrs
  • Michael Süss (56yo)

    Chairman of the Board of Directors

    • Tenure: 4.5yrs
    • Compensation: CHF690.00k

Company Information

OC Oerlikon Corporation AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OC Oerlikon Corporation AG
  • Ticker: OERL.F
  • Exchange: OTCPK
  • Founded: 1906
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CHF3.436b
  • Listing Market Cap: CHF3.479b
  • Shares outstanding: 338.82m
  • Website: https://www.oerlikon.com

Number of Employees


Location

  • OC Oerlikon Corporation AG
  • Churerstrasse 120
  • Pfäffikon
  • Zurich
  • 8808
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OERLSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJun 1993
0QO3LSE (London Stock Exchange)YesRegistered SharesGBCHFJun 1993
OERL.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDJun 1993
OBHDB (Deutsche Boerse AG)YesRegistered SharesDEEURJun 1993

Biography

OC Oerlikon Corporation AG provides advanced materials, surface technologies, coating equipment, and services worldwide. The company operates through Surface Solutions and Manmade Fibers segments. The Surf ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:01
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
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.