OTCPK:ACML.F

Stock Analysis Report

Executive Summary

Ascom Holding AG, together with its subsidiaries, provides healthcare ICT and mobile workflow solutions worldwide.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

ACML.F

2.5%

US Healthcare Services

-0.6%

US Market


1 Year Return

n/a

ACML.F

10.2%

US Healthcare Services

0.7%

US Market

No trading data on ACML.F.

No trading data on ACML.F.


Share holder returns

ACML.FIndustryMarket
7 Day0%2.5%-0.6%
30 Day0%-1.9%2.9%
90 Day0%-2.9%1.3%
1 Yearn/a10.3%10.2%2.9%0.7%
3 Yearn/a51.7%51.4%44.6%35.2%
5 Yearn/a52.0%51.1%61.9%44.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

22.08x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Ascom Holding's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Ascom Holding's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Ascom Holding is good value based on earnings compared to the US Healthcare Services industry average.

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


Price Based on Expected Growth

Ascom Holding is poor value based on expected growth next year.


Price Based on Value of Assets

Ascom Holding is overvalued based on assets compared to the US Healthcare Services industry average.


Next Steps

Future Growth

How is Ascom Holding expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

17.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Ascom Holding's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).

Ascom Holding's earnings are expected to grow by 17.8% yearly, however this is not considered high growth (20% yearly).

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

Ascom Holding's earnings growth is expected to exceed the United States of America market average.

Ascom Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Ascom Holding is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Ascom Holding performed over the past 5 years?

-27.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Ascom Holding's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Ascom Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Ascom Holding's 1-year earnings growth is negative, it can't be compared to the US Healthcare Services industry average.


Return on Equity

Ascom Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Ascom Holding used its assets more efficiently than the US Healthcare Services industry average last year based on Return on Assets.


Return on Capital Employed

Ascom Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Ascom Holding's financial position?


Financial Position Analysis

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

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


Debt to Equity History and Analysis

Ascom Holding's level of debt (24%) 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 (24.8% vs 24% today).

Debt is well covered by operating cash flow (100%, greater than 20% of total debt).

Ascom Holding earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 7.3x debt.


Next Steps

Dividend

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

4.46%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Ascom Holding's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

Ascom Holding's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).

Ascom Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Ascom Holding only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.5x coverage).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Holger Cordes (49yo)

2.8yrs

Tenure

CHF1,090,683

Compensation

Mr. Holger Cordes has been the Chief Executive Officer and Member of Executive Board at Ascom Holding AG since June 1, 2016. Mr. Cordes served as General Manager of Central Europe Operations of Cerner Corp ...


CEO Compensation Analysis

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

Holger's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.8yrs

Average Tenure

48yo

Average Age

The tenure for the Ascom Holding management team is about average.


Board Age and Tenure

3.2yrs

Average Tenure

60yo

Average Age

The tenure for the Ascom Holding board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Daniel Lack

    Company Secretary and Senior VP of Legal

    • Tenure: 0yrs
  • Francis Schmeer (46yo)

    Chief Sales & Marketing Officer and Member of the Executive Board

    • Tenure: 4.5yrs
    • Compensation: CHF430.61k
  • Claes Ödman (53yo)

    COO & Member of the Executive Board

    • Tenure: 7.8yrs
    • Compensation: CHF405.55k
  • Holger Cordes (49yo)

    CEO & Member of Executive Board

    • Tenure: 2.8yrs
    • Compensation: CHF1.09m
  • Anette Weber (47yo)

    CFO & Member of the Executive Board

    • Tenure: 1.6yrs
    • Compensation: CHF457.93k
  • André Neu

    Chief Technology Officer

    • Tenure: 1.2yrs

Board Members

  • Andreas Umbach (55yo)

    Chairman of the Board

    • Tenure: 1.9yrs
  • Valentin Rueda (62yo)

    Director

    • Tenure: 3.2yrs
  • Christina Stercken (60yo)

    Director

    • Tenure: 4.9yrs
  • Jürg Fedier (63yo)

    Director

    • Tenure: 1.9yrs
  • Harald Deutsch (56yo)

    Director

    • Tenure: 5.2yrs

Company Information

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


Key Information

  • Name: Ascom Holding AG
  • Ticker: ACML.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Health Care Technology
  • Sector: Healthcare
  • Market Cap: CHF472.539m
  • Listing Market Cap: CHF471.121m
  • Shares outstanding: 35.96m
  • Website: https://www.ascom.com

Number of Employees


Location

  • Ascom Holding AG
  • Zugerstrasse 32
  • Baar
  • Zug
  • 6340
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASCNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJan 1992
AH2NDB (Deutsche Boerse AG)YesRegistered SharesDEEURJan 1992
ACML.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDJan 1992
ASCNZBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBCHFJan 1992
0QONLSE (London Stock Exchange)YesRegistered SharesGBCHFJan 1992

Biography

Ascom Holding AG, together with its subsidiaries, provides healthcare ICT and mobile workflow solutions worldwide. It offers application and management software, smartphone applications, and clinical and s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/03/17 00:07
End of Day Share Price2018/12/17 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.