New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (102% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Major Estimate Revision • May 23
Consensus EPS estimates increase by 56% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CHF450.0m to CHF456.9m. EPS estimate increased from CHF1.40 to CHF2.19 per share. Net income forecast to grow 205% next year vs 23% growth forecast for Machinery industry in Switzerland. Consensus price target of CHF45.00 unchanged from last update. Share price was steady at CHF32.60 over the past week. Upcoming Dividend • Apr 15
Upcoming dividend of CHF1.00 per share Eligible shareholders must have bought the stock before 22 April 2026. Payment date: 24 April 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Swiss dividend payers (3.4%). Higher than average of industry peers (2.2%). Declared Dividend • Mar 27
Dividend of CHF1.00 announced Shareholders will receive a dividend of CHF1.00. Ex-date: 22nd April 2026 Payment date: 24th April 2026 Dividend yield will be 3.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is well covered by cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 68% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Mar 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 70% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: CHF0.98 (vs CHF2.17 in FY 2024) Full year 2025 results: EPS: CHF0.98 (down from CHF2.17 in FY 2024). Revenue: CHF445.9m (down 9.7% from FY 2024). Net income: CHF5.34m (down 55% from FY 2024). Profit margin: 1.2% (down from 2.4% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. New Risk • Feb 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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. This is currently the only risk that has been identified for the company. Price Target Changed • Jan 26
Price target decreased by 16% to CHF46.00 Down from CHF55.00, the current price target is provided by 1 analyst. New target price is 50% above last closing price of CHF30.60. Stock is down 23% over the past year. The company is forecast to post earnings per share of CHF1.10 for next year compared to CHF2.17 last year. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Profit margins are more than 30% lower than last year (2.4% net profit margin). Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 89% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CHF494.4m to CHF464.7m. EPS estimate also fell from CHF0.95 per share to CHF0.10 per share. Net income forecast to grow 121% next year vs 13% growth forecast for Machinery industry in Switzerland. Consensus price target of CHF46.00 unchanged from last update. Share price was steady at CHF32.50 over the past week. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CHF37.00, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 22x in the Machinery industry in Switzerland. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF52.89 per share. Major Estimate Revision • Jul 17
Consensus EPS estimates fall by 72% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CHF499.1m to CHF470.2m. EPS estimate also fell from CHF3.41 per share to CHF0.95 per share. Net income forecast to shrink 58% next year vs 5.9% growth forecast for Machinery industry in Switzerland . Consensus price target of CHF46.00 unchanged from last update. Share price fell 3.0% to CHF32.00 over the past week. New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Upcoming Dividend • Apr 17
Upcoming dividend of CHF1.00 per share Eligible shareholders must have bought the stock before 24 April 2025. Payment date: 28 April 2025. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Swiss dividend payers (4.2%). Lower than average of industry peers (2.4%). Major Estimate Revision • Apr 15
Consensus EPS estimates fall by 24% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CHF4.50 to CHF3.41. Revenue forecast unchanged from CHF514.4m at last update. Net income forecast to grow 121% next year vs 19% growth forecast for Machinery industry in Switzerland. Consensus price target of CHF50.50 unchanged from last update. Share price rose 5.5% to CHF36.30 over the past week. Buy Or Sell Opportunity • Apr 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CHF33.40. The fair value is estimated to be CHF43.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 202% in the next 2 years. Tillkännagivande • Mar 26
StarragTornos Group AG, Annual General Meeting, Apr 17, 2025 StarragTornos Group AG, Annual General Meeting, Apr 17, 2025, at 14:00 W. Europe Standard Time. New Risk • Mar 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.4% Last year net profit margin: 6.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.4% net profit margin). Tillkännagivande • Mar 16
StarragTornos Group AG announces Annual dividend, payable on April 28, 2025 StarragTornos Group AG announced Annual dividend of CHF 0.5000 per share payable on April 28, 2025, ex-date on April 24, 2025 and record date on April 25, 2025. New Risk • Mar 04
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite having no free cash flows. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.3% average weekly change). Tillkännagivande • Sep 27
StarragTornos Group AG Announces CFO Changes The Board of Directors of StarragTornos Group AG appointed Markus Jäger as the new Chief Financial Officer (CFO), effective October 1, 2024. He will succeed Stéphane Pittet who will leave the Group to take up a new professional challenge. Stéphane Pittet was CFO at Tornos and a member of General Management from 2021 to 2023. In 2023, he became CFO and a member of the Executive Board of the StarragTornos Group. He brought expertise and commitment to his roles and strongly supported the merger process in 2023. Markus Jäger is an internationally experienced finance professional with long-standing expertise in stock-listed industrial companies. From 2019 to 2023, he was Rector and Executive Director of the University of Liechtenstein. Before that, he served in various finance management roles at VAT AG (2015 to 2019) and SFS Services AG (2008 to 2015) where he played a major role in the initial public offering process of both companies. From 2004 to 2007, Markus Jäger served as CFO at Briggs & Stratton AG and held various finance positions at Hilti AG, both in Liechtenstein and the United States. He studied social and economic sciences at the University of Innsbruck (Austria) and has continued his professional education at Thunderbird School of Global Management (US), University of Zurich, and IMD Lausanne. Tillkännagivande • Sep 26
Starragtornos Group AG Appoints Markus Jäger as the Member of the Executive Board, Effective October 1, 2024 The Board of Directors of StarragTornos Group AG appointed Markus Jäger as the member of the Executive Board of StarragTornos Group, effective October 1, 2024. Markus Jäger is an internationally experienced finance professional with long-standing expertise in stock-listed industrial companies. From 2019 to 2023, he was Rector and Executive Director of the University of Liechtenstein. Before that, he served in various finance management roles at VAT AG (2015 to 2019) and SFS Services AG (2008 to 2015) where he played a major role in the initial public offering process of both companies. From 2004 to 2007, Markus Jäger served as CFO at Briggs & Stratton AG and held various finance positions at Hilti AG, both in Liechtenstein and the United States. He studied social and economic sciences at the University of Innsbruck (Austria) and has continued his professional education at Thunderbird School of Global Management (US), University of Zurich, and IMD Lausanne. Major Estimate Revision • Aug 02
Consensus EPS estimates fall by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CHF522.0m to CHF500.0m. EPS estimate also fell from CHF4.38 per share to CHF2.75 per share. Net income forecast to shrink 4.9% next year vs 6.2% growth forecast for Machinery industry in Switzerland . Consensus price target of CHF57.50 unchanged from last update. Share price was steady at CHF49.20 over the past week. New Risk • Jul 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (111% cash payout ratio). Buy Or Sell Opportunity • Jul 31
Now 21% overvalued Over the last 90 days, the stock has fallen 2.4% to CHF49.80. The fair value is estimated to be CHF41.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are forecast to decline by 0.9% per annum over the same time period. Buy Or Sell Opportunity • Jul 12
Now 21% overvalued Over the last 90 days, the stock has fallen 4.7% to CHF51.00. The fair value is estimated to be CHF41.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Upcoming Dividend • Apr 17
Upcoming dividend of CHF2.50 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Swiss dividend payers (4.1%). Higher than average of industry peers (2.1%). Price Target Changed • Mar 24
Price target increased by 9.1% to CHF60.00 Up from CHF55.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of CHF50.00. Stock is up 0.8% over the past year. The company is forecast to post earnings per share of CHF6.34 for next year compared to CHF3.31 last year. Declared Dividend • Mar 18
Dividend increased to CHF2.50 Dividend of CHF2.50 is 25% higher than last year. Ex-date: 24th April 2024 Payment date: 26th April 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range. New Risk • Feb 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Large one-off items impacting financial results. Price Target Changed • Jan 29
Price target decreased by 8.3% to CHF55.00 Down from CHF60.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of CHF46.00. Stock is down 13% over the past year. The company is forecast to post earnings per share of CHF6.34 for next year compared to CHF3.31 last year. Major Estimate Revision • Jan 25
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CHF550.0m to CHF570.0m. EPS estimate increased from CHF5.12 to CHF6.10 per share. Net income forecast to grow 56% next year vs 6.1% growth forecast for Machinery industry in Switzerland. Consensus price target of CHF60.00 unchanged from last update. Share price was steady at CHF45.80 over the past week. Tillkännagivande • Oct 28
Starrag Group Holding AG (SWX:STGN) entered into a merger agreement to acquire Tornos Holding AG (SWX:TOHN) for approximately CHF 100 million. Starrag Group Holding AG (SWX:STGN) entered into a merger agreement to acquire Tornos Holding AG (SWX:TOHN) for approximately CHF 100 million on October 25, 2023. Pursuant to transaction, 1 share of Tornos will be exchanged to 0.1059 Starrag shares. As a result of the merger, Starrag Group will absorb Tornos, registered shares of Tornos will be delisted and Starrag Group to be renamed StarragTornos Group Ltd. After the merger, the existing Starrag and Tornos shareholders will hold 61.5% and 38.5% of the combined group.
Michael Hauser intended to become Chairman and CEO of StarragTornos Group Ltd. The merger has been approved by the Boards of Directors of Starrag Group and Tornos. The transaction is subject to shareholders’ approval of Starrag and Tornos to vote on merger agreement the extraordinary general meetings to be held on November 29 and 30, 2023 respectively. The merger is expected to be completed on December 7, 2023. The new StarragTornos Group expects sales synergies in the range of CHF 10 to 15 million in the medium term as a result of the merger. The expected cost synergies, in particular from higher purchasing volumes, optimized infrastructure costs and efficiency gains in logistics and distribution, are estimated at CHF 5 to 10 million. The merger is expected to have a positive impact on profit from 2025 onwards.
Zürcher Kantonalbank acts as financial advisors on this transaction. IFBC AG provided fairness opinion to the board of Starrag Group and Tornos. Tillkännagivande • Aug 18
Starrag Group Holding AG to Report Q2, 2024 Results on Jul 25, 2024 Starrag Group Holding AG announced that they will report Q2, 2024 results on Jul 25, 2024 Major Estimate Revision • Aug 08
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from CHF340.0m to CHF375.0m. EPS estimate increased from CHF5.37 to CHF7.14 per share. Net income forecast to grow 24% next year vs 12% growth forecast for Machinery industry in Switzerland. Consensus price target up from CHF60.00 to CHF70.00. Share price was steady at CHF60.00 over the past week. Reported Earnings • Jul 30
First half 2023 earnings released: EPS: CHF4.05 (vs CHF1.50 in 1H 2022) First half 2023 results: EPS: CHF4.05 (up from CHF1.50 in 1H 2022). Revenue: CHF199.9m (up 43% from 1H 2022). Net income: CHF13.6m (up 170% from 1H 2022). Profit margin: 6.8% (up from 3.6% in 1H 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 31
Tornos Holding Explores Merger with Starrag Group Holding Tornos Holding AG (SWX:TOHN) said on May 30, 2023 that its board of directors has decided to evaluate a possible merger with Starrag Group Holding AG (SWX:STGN) to expand its market presence. The two companies are currently in talks which are at a very early stage. Tornos said it will inform in due course about the results of the evaluation of the merger project and about the next steps of negotiations with Starrag. The potential tie up would provide “significant synergies in all business areas” and would bring both partners a “greater market presence and stronger market penetration”. This would result in growth opportunities in all target markets, Tornos said. In case of a merger, Tornos and Starrag brands are to be retained. No job cuts would be planned in this context either. Upcoming Dividend • Apr 18
Upcoming dividend of CHF2.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 25 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Swiss dividend payers (4.2%). Higher than average of industry peers (2.2%). Reported Earnings • Mar 12
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CHF3.31 (up from CHF1.61 loss in FY 2021). Revenue: CHF332.3m (up 14% from FY 2021). Net income: CHF11.1m (up CHF16.5m from FY 2021). Profit margin: 3.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Price Target Changed • Nov 16
Price target increased to CHF50.00 Up from CHF45.00, the current price target is provided by 1 analyst. New target price is 5.0% above last closing price of CHF47.60. Stock is down 0.4% over the past year. The company is forecast to post earnings per share of CHF3.27 next year compared to a net loss per share of CHF1.61 last year. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Bernhard Iseli was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 16
Starrag Group Holding AG to Report First Half, 2023 Results on Jul 23, 2023 Starrag Group Holding AG announced that they will report first half, 2023 results on Jul 23, 2023 Buying Opportunity • Aug 17
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CHF57.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down CHF28.0k from profit in 1H 2021). Profit margin: (in line with 1H 2021). Over the next year, revenue is forecast to grow 8.3%, compared to a 10% growth forecast for the industry in Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target increased to CHF50.00 Up from CHF45.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of CHF44.00. Stock is down 1.3% over the past year. The company is forecast to post earnings per share of CHF3.27 next year compared to a net loss per share of CHF1.61 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Chairman Michael Hauser was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 19
Upcoming dividend of CHF1.00 per share Eligible shareholders must have bought the stock before 26 April 2022. Payment date: 28 April 2022. Trailing yield: 2.2%. Lower than top quartile of Swiss dividend payers (3.8%). In line with average of industry peers (2.3%). Reported Earnings • Mar 05
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: CHF1.61 loss per share (down from CHF0.19 loss in FY 2020). Revenue: CHF292.6m (down 1.5% from FY 2020). Net loss: CHF5.40m (loss widened CHF4.77m from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 11%, compared to a 9.8% growth forecast for the industry in Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Buying Opportunity • Mar 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be CHF54.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% per annum over the last 3 years. The company became loss making over the last year. Major Estimate Revision • Jan 26
Consensus forecasts updated The consensus outlook for 2021 has been updated. Forecast loss of -CHF3.27 per share in 2021, versus previous forecasts of CHF1.26 per share. Revenue forecast unchanged from CHF300.0m at last update. Machinery industry in Switzerland expected to see average net income growth of 13% next year. Consensus price target of CHF50.00 unchanged from last update. Share price was steady at CHF47.60 over the past week. Price Target Changed • Aug 02
Price target increased to CHF50.00 Up from CHF45.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CHF48.60. Stock is up 29% over the past year. Reported Earnings • Mar 06
Full year 2020 earnings released: CHF0.19 loss per share (vs CHF2.02 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CHF299.0m (down 28% from FY 2019). Net loss: CHF634.0k (down 109% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue and earnings miss expectations Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 89%. Over the next year, revenue is forecast to grow 12%, compared to a 6.0% growth forecast for the Machinery industry in Switzerland. Is New 90 Day High Low • Jan 20
New 90-day high: CHF42.00 The company is up 15% from its price of CHF36.40 on 22 October 2020. The Swiss market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: CHF39.40 The company is up 13% from its price of CHF35.00 on 27 August 2020. The Swiss market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period. Is New 90 Day High Low • Oct 21
New 90-day low: CHF34.20 The company is down 9.0% from its price of CHF37.40 on 22 July 2020. The Swiss market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 2.0% over the same period. Tillkännagivande • Jul 24
Starrag Group Holding AG to Report First Half, 2021 Results on Jul 29, 2021 Starrag Group Holding AG announced that they will report first half, 2021 results on Jul 29, 2021