OTCPK:EMLZ.F

Stock Analysis Report

Executive Summary

Emmi AG develops, produces, and markets a range of dairy and fresh products primarily in Switzerland.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:EMLZ.F

-1.0%

US Food

-1.6%

US Market


1 Year Return

n/a

OTCPK:EMLZ.F

-1.1%

US Food

-3.0%

US Market

No trading data on EMLZ.F.

No trading data on EMLZ.F.


Share holder returns

EMLZ.FIndustryMarket
7 Day0%-1.0%-1.6%
30 Day0%-2.6%-5.7%
90 Day0%2.3%0.2%
1 Yearn/a1.9%-1.1%-0.8%-3.0%
3 Year48.4%48.4%-6.9%-15.0%38.1%29.1%
5 Yearn/a39.7%23.1%50.8%34.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Emmi undervalued based on future cash flows and its price relative to the stock market?

16%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Emmi's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Emmi's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Emmi is good value based on earnings compared to the US Food industry average.

Emmi is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Emmi is poor value based on expected growth next year.


Price Based on Value of Assets

Emmi is overvalued based on assets compared to the US Food industry average.


Next Steps

Future Growth

How is Emmi expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Emmi's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).

Emmi's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).

Emmi's revenue growth is positive but not above the United States of America market average.

Emmi's earnings growth is positive but not above the United States of America market average.

Emmi's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Emmi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Emmi performed over the past 5 years?

21.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Emmi has delivered over 20% year on year earnings growth in the past 5 years.

Emmi's 1-year earnings growth exceeds its 5-year average (44.4% vs 21.1%)

Emmi's earnings growth has exceeded the US Food industry average in the past year (44.4% vs -17.9%).


Return on Equity

Emmi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Emmi used its assets more efficiently than the US Food industry average last year based on Return on Assets.


Return on Capital Employed

Emmi's use of capital has not improved over the past 3 years (Return on Capital Employed).


Next Steps

Financial Health

How is Emmi's financial position?


Financial Position Analysis

Emmi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Emmi's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Emmi's level of debt (36.7%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (51.6% vs 36.7% today).

Debt is well covered by operating cash flow (48%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 44.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.1x debt.


Next Steps

Dividend

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

1.48%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Emmi's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Emmi's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Urs Riedener (54yo)

11.3yrs

Tenure

CHF1,488,000

Compensation

Mr. Urs Riedener, Lic. Oec. Hsg, serves as the Chief Executive Officer of the Emmi Group (Lucerne). Mr. Riedener serves as the Chief Executive Officer of Emmi Nederland B.V. He has been the Chief Executive ...


CEO Compensation Analysis

Urs's remuneration is lower than average for companies of similar size in United States of America.

Urs's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

7.0yrs

Average Tenure

52.5yo

Average Age

The average tenure for the Emmi management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.2yrs

Average Tenure

60yo

Average Age

The tenure for the Emmi board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Markus Willimann (63yo)

    Head of Industrial Business for Switzerland

    • Tenure: 5.5yrs
  • Matthias Kunz (59yo)

    Executive VP of Americas & Member of Group Management

    • Tenure: 17.5yrs
  • Othmar Dubach (61yo)

    Head of Cheese & Dairy Products - Switzerland

    • Tenure: 5.5yrs
  • Urs Riedener (54yo)

    Chairman of Group Management and Chief Executive Officer

    • Tenure: 11.3yrs
    • Compensation: CHF1.49m
  • Ricarda Demarmels (40yo)

    CFO & Member of Group Management

    • Tenure: 0.5yrs
  • Robin Barraclough (52yo)

    Executive VP of Europe & Member of Group Management

    • Tenure: 10.5yrs
  • Marc Heim (52yo)

    Deputy CEO

    • Tenure: 10.5yrs
  • Natalie Rüedi (48yo)

    Chief Human Resources Officer & Member of Group Management

    • Tenure: 8.5yrs
  • Kai Könecke (53yo)

    Chief Supply Chain Officer & member of Group Management

    • Tenure: 2.3yrs
  • Thomas Morf (45yo)

    Chief Marketing Officer & Member of Group Management

    • Tenure: 2.1yrs

Board Members

  • Fritz Wyss (75yo)

    Honorary Chairman

    • Tenure: 9.5yrs
  • Konrad Graber (61yo)

    Chairman of the Board

    • Tenure: 10.2yrs
    • Compensation: CHF270.00k
  • Niklaus Meier (64yo)

    Director

    • Tenure: 7.2yrs
    • Compensation: CHF92.00k
  • Thomas Oehen-Bühlmann (61yo)

    Vice-Chairman

    • Tenure: 7.5yrs
    • Compensation: CHF103.00k
  • Diana Strebel (59yo)

    Director

    • Tenure: 7.2yrs
    • Compensation: CHF70.00k
  • Christian Arnold-Fässler (42yo)

    Director

    • Tenure: 7.2yrs
    • Compensation: CHF72.00k
  • Monique Bourquin (53yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: CHF80.00k
  • Christina Johansson (53yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: CHF54.00k
  • Franz Steiger (60yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: CHF62.00k
  • Alexandra Quillet

    Director

    • Tenure: 1.5yrs
    • Compensation: CHF50.00k

Company Information

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


Key Information

  • Name: Emmi AG
  • Ticker: EMLZ.F
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CHF4.411b
  • Listing Market Cap: CHF4.457b
  • Shares outstanding: 5.35m
  • Website: https://www.emmi.com

Number of Employees


Location

  • Emmi AG
  • Landenbergstrasse 1
  • Lucerne
  • Lucerne
  • 6002
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EMMNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFDec 2004
FV6DB (Deutsche Boerse AG)YesRegistered SharesDEEURDec 2004
EMLZ.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDDec 2004
0QM5LSE (London Stock Exchange)YesRegistered SharesGBCHFDec 2004

Biography

Emmi AG develops, produces, and markets a range of dairy and fresh products primarily in Switzerland. The company focuses on fresh products, such as lifestyle, convenience, and health products. Its dairy p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/11 00:16
End of Day Share Price2019/04/12 00:00
Earnings2018/12/31
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.