OTCPK:LMHD.F

Stock Analysis Report

Executive Summary

LEM Holding SA, together with its subsidiaries, provides solutions for measuring electrical parameters in China, the United States, Germany, Japan, Italy, Switzerland, and internationally.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

LMHD.F

2.4%

US Electronic

0.07%

US Market


1 Year Return

n/a

LMHD.F

16.3%

US Electronic

8.9%

US Market

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

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


Shareholder returns

LMHD.FIndustryMarket
7 Day0%2.4%0.07%
30 Day0%3.7%-0.3%
90 Day0%2.3%-1.6%
1 Yearn/a17.5%16.3%11.3%8.9%
3 Yearn/a55.8%51.4%46.3%36.8%
5 Yearn/a83.7%74.7%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

26.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LMHD.F ($1415) is trading above our estimate of fair value ($1042.97)

Significantly Below Fair Value: LMHD.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LMHD.F is poor value based on its PE Ratio (26.5x) compared to the Electronic industry average (19.6x).

PE vs Market: LMHD.F is poor value based on its PE Ratio (26.5x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: LMHD.F is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: LMHD.F is overvalued based on its PB Ratio (12.4x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

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

10.1%

Forecasted annual earnings growth


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 LEM Holding 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

  • Examine LEM Holding's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access LEM Holding's filings and announcements here.
  • Explore growth companies in the Tech industry.

Past Performance

How has LEM Holding performed over the past 5 years?

5.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: LMHD.F's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: LMHD.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LMHD.F had negative earnings growth (-1.5%) over the past year, making it difficult to compare to the Electronic industry average (58.6%).


Return on Equity

High ROE: LMHD.F's Return on Equity (46.6%) is considered outstanding.


Return on Assets

ROA vs Industry: LMHD.F has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: LMHD.F's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is LEM Holding's financial position?


Financial Position Analysis

Short Term Liabilities: LMHD.F's short term assets (CHF125.2M) exceeds its short term liabilities (CHF64.5M)

Long Term Liabilities: LMHD.F's short term assets (125.2M) exceeds its long term liabilities (9.5M)


Debt to Equity History and Analysis

Debt Level: LMHD.F's debt to equity ratio (7.1%) is considered satisfactory

Reducing Debt: LMHD.F's debt to equity ratio has increased from 0.1% to 7.1% over the past 5 years.

Debt Coverage: LMHD.F's debt is well covered by operating cash flow (669.4%).

Interest Coverage: LMHD.F's interest payments on its debt are well covered by EBIT (572.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: LMHD.F's debt is covered by short term assets (assets are 15.6x debt).


Next Steps

Dividend

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

3.42%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years3.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: LMHD.F's dividend (3.42%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: LMHD.F's dividend (3.42%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: LMHD.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: LMHD.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (90.7%), LMHD.F's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LMHD.F's dividends in 3 years are forecast to be covered by earnings (86.9% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Frank Rehfeld (51yo)

1.4yrs

Tenure

CHF933,000

Compensation

Mr. Frank Rehfeld has been Chief Executive Officer at Lem Holding SA since 1 April 2018. He serves as Senior Vice President of Industry at Lem Holding SA since January 01, 2016 and served as its Head of Th ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Frank's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Frank's compensation with company performance.


Management Age and Tenure

3.8yrs

Average Tenure

52yo

Average Age

Experienced Management: LMHD.F's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: LMHD.F's board of directors are considered experienced (5.2 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

  • Rainer Bos (57yo)

    Senior Vice President of Automotive

    • Tenure: 4.2yrs
  • Andrea Borla (52yo)

    Chief Financial Officer

    • Tenure: 3.8yrs
  • Frank Rehfeld (51yo)

    CEO & Senior VP of Industry

    • Tenure: 1.4yrs
    • Compensation: CHF933.00k

Board Members

  • François Gabella (61yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: CHF87.00k
  • Ueli Wampfler (69yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: CHF131.00k
  • Ilan Cohen (63yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: CHF131.00k
  • Andreas Hürlimann (55yo)

    Chairman of the Board

    • Tenure: 6.3yrs
    • Compensation: CHF337.00k
  • Ulrich Looser (62yo)

    Director

    • Tenure: 4.2yrs
    • Compensation: CHF153.00k
  • Werner Weber (59yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: CHF87.00k

Company Information

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


Key Information

  • Name: LEM Holding SA
  • Ticker: LMHD.F
  • Exchange: OTCPK
  • Founded: 1972
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CHF1.399b
  • Listing Market Cap: CHF1.408b
  • Shares outstanding: 1.14m
  • Website: https://www.lem.com

Number of Employees


Location

  • LEM Holding SA
  • Avenue Beauregard 1
  • Fribourg
  • Fribourg
  • 1700
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LEHNSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJul 1999
LELADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1999
LMHD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1999
0QKBLSE (London Stock Exchange)YesOrdinary SharesGBCHFJul 1999

Biography

LEM Holding SA, together with its subsidiaries, provides solutions for measuring electrical parameters in China, the United States, Germany, Japan, Italy, Switzerland, and internationally. It operates thro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 00:12
End of Day Share Price2019/06/24 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.