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Autoneum Holding

SWX:AUTN
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AUTN
SWX
CHF283M
Market Cap
  1. Home
  2. CH
  3. Automobiles
Company description

Autoneum Holding AG develops and manufactures acoustic and thermal management solutions for the automotive market. The last earnings update was 28 days ago. More info.


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  • Autoneum Holding has significant price volatility in the past 3 months.
AUTN Share Price and Events
7 Day Returns
5.6%
SWX:AUTN
3.9%
Europe Auto Components
10.7%
CH Market
1 Year Returns
-49.5%
SWX:AUTN
-42.5%
Europe Auto Components
-5.9%
CH Market
AUTN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Autoneum Holding (AUTN) 5.6% -35.6% -47.7% -49.5% -78.3% -71.8%
Europe Auto Components 3.9% -30.1% -41% -42.5% -58.1% -53%
CH Market 10.7% -7.3% -13.9% -5.9% 2.6% -1.1%
1 Year Return vs Industry and Market
  • AUTN underperformed the Auto Components industry which returned -42.5% over the past year.
  • AUTN underperformed the Market in Switzerland which returned -5.9% over the past year.
Price Volatility
AUTN
Industry
5yr Volatility vs Market

AUTN Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Autoneum Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Autoneum Holding.

SWX:AUTN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year CH Government Bond Rate -0.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:AUTN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate -0.6%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 18%) (268.41%))
2.73
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.55% + (2 * 5.44%)
10.33%

Discounted Cash Flow Calculation for SWX:AUTN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Autoneum Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SWX:AUTN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 10.33%)
2020 12.20 Analyst x1 11.06
2021 47.75 Analyst x2 39.23
2022 48.90 Analyst x1 36.41
2023 49.57 Est @ 1.37% 33.45
2024 49.96 Est @ 0.79% 30.56
2025 50.16 Est @ 0.39% 27.81
2026 50.21 Est @ 0.11% 25.23
2027 50.17 Est @ -0.09% 22.85
2028 50.05 Est @ -0.23% 20.66
2029 49.89 Est @ -0.32% 18.67
Present value of next 10 years cash flows CHF265.00
SWX:AUTN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF49.89 × (1 + -0.55%) ÷ (10.33% – -0.55%)
CHF456.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF456.03 ÷ (1 + 10.33%)10
CHF170.63
SWX:AUTN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF265.00 + CHF170.63
CHF435.63
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF435.63 / 4.65
CHF93.75
SWX:AUTN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF93.75
Current discount Discount to share price of CHF60.80
= -1 x (CHF60.80 - CHF93.75) / CHF93.75
35.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Autoneum Holding is available for.
Intrinsic value
35%
Share price is CHF60.8 vs Future cash flow value of CHF93.75
Current Discount Checks
For Autoneum Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Autoneum Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Autoneum Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Autoneum Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Autoneum Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:AUTN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CHF CHF-20.82
SWX:AUTN Share Price ** SWX (2020-03-31) in CHF CHF60.8
Europe Auto Components Industry PE Ratio Median Figure of 38 Publicly-Listed Auto Components Companies 8x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 16.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Autoneum Holding.

SWX:AUTN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:AUTN Share Price ÷ EPS (both in CHF)

= 60.8 ÷ -20.82

-2.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autoneum Holding is loss making, we can't compare its value to the Europe Auto Components industry average.
  • Autoneum Holding is loss making, we can't compare the value of its earnings to the Switzerland market.
Price based on expected Growth
Does Autoneum Holding's expected growth come at a high price?
Raw Data
SWX:AUTN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
111.8%per year
Europe Auto Components Industry PEG Ratio Median Figure of 26 Publicly-Listed Auto Components Companies 0.48x
Switzerland Market PEG Ratio Median Figure of 125 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Autoneum Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Autoneum Holding's assets?
Raw Data
SWX:AUTN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CHF CHF83.74
SWX:AUTN Share Price * SWX (2020-03-31) in CHF CHF60.8
Europe Auto Components Industry PB Ratio Median Figure of 48 Publicly-Listed Auto Components Companies 0.7x
Switzerland Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.33x
SWX:AUTN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:AUTN Share Price ÷ Book Value per Share (both in CHF)

= 60.8 ÷ 83.74

0.73x

* Primary Listing of Autoneum Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autoneum Holding is overvalued based on assets compared to the Europe Auto Components industry average.
X
Value checks
We assess Autoneum Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Autoneum Holding has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AUTN Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
111.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Autoneum Holding expected to grow at an attractive rate?
  • Autoneum Holding's earnings growth is expected to exceed the low risk savings rate of -0.6%.
Growth vs Market Checks
  • Autoneum Holding's earnings growth is expected to exceed the Switzerland market average.
  • Autoneum Holding's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:AUTN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:AUTN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 111.8%
SWX:AUTN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 0.4%
Europe Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 22.7%
Europe Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 2.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:AUTN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:AUTN Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,310 160 49 4
2021-12-31 2,282 160 34 5
2020-12-31 2,201 127 1 4
2020-04-01
SWX:AUTN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-12-31 2,297 119 -97
2019-09-30 2,288 102 -53
2019-06-30 2,278 86 -9
2019-03-31 2,280 105 23
2018-12-31 2,282 124 55
2018-09-30 2,265 135 73
2018-06-30 2,249 146 91
2018-03-31 2,227 146 91
2017-12-31 2,205 145 91
2017-09-30 2,189 156 90
2017-06-30 2,177 167 88
2017-03-31 2,165 180 92

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Autoneum Holding's earnings are expected to grow significantly at over 20% yearly.
  • Autoneum Holding's revenue is expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:AUTN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Autoneum Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:AUTN Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 10.73 12.46 9.38 4.00
2021-12-31 7.12 14.57 2.85 5.00
2020-12-31 -1.43 2.09 -6.58 4.00
2020-04-01
SWX:AUTN Past Financials Data
Date (Data in CHF Millions) EPS *
2019-12-31 -20.82
2019-09-30 -11.40
2019-06-30 -2.00
2019-03-31 4.92
2018-12-31 11.83
2018-09-30 15.72
2018-06-30 19.61
2018-03-31 19.58
2017-12-31 19.54
2017-09-30 19.31
2017-06-30 18.83
2017-03-31 19.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Autoneum Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Autoneum Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Autoneum Holding has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AUTN Past Performance

  How has Autoneum Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Autoneum Holding's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Autoneum Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Autoneum Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Autoneum Holding's 1-year growth to the Europe Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
Autoneum Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Autoneum Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:AUTN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,297.40 -96.80 656.80
2019-09-30 2,287.80 -53.05 673.05
2019-06-30 2,278.20 -9.30 689.30
2019-03-31 2,279.85 22.90 682.60
2018-12-31 2,281.50 55.10 675.90
2018-09-30 2,265.15 73.25 665.70
2018-06-30 2,248.80 91.40 655.50
2018-03-31 2,227.10 91.20 646.95
2017-12-31 2,205.40 91.00 638.40
2017-09-30 2,189.20 89.85 628.25
2017-06-30 2,177.30 87.60 618.10
2017-03-31 2,164.95 91.70 613.35
2016-12-31 2,152.60 95.80 608.60
2016-09-30 2,157.85 95.75 604.65
2016-06-30 2,163.10 95.70 600.70
2016-03-31 2,124.50 68.95 589.70
2015-12-31 2,085.90 42.20 578.70
2015-09-30 2,037.05 47.80 563.25
2015-06-30 1,988.20 53.40 547.80
2015-03-31 1,971.45 66.15 539.60
2014-12-31 1,954.70 78.90 531.40
2014-09-30 1,955.30 51.15 534.00
2014-06-30 1,955.90 23.40 536.60
2014-03-31 2,004.60 18.95 551.35
2013-12-31 2,053.30 14.50 566.10
2013-09-30 2,052.70 21.95 567.55
2013-06-30 2,052.10 29.40 569.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Autoneum Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Autoneum Holding has efficiently used its assets last year compared to the Europe Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Autoneum Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Autoneum Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Autoneum Holding has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AUTN Health

 How is Autoneum Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Autoneum Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Autoneum Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Autoneum Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Autoneum Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Autoneum Holding Company Filings, last reported 3 months ago.

SWX:AUTN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 498.90 433.70 98.70
2019-09-30 498.90 433.70 98.70
2019-06-30 587.60 745.30 56.80
2019-03-31 587.60 745.30 56.80
2018-12-31 627.70 355.80 93.10
2018-09-30 627.70 355.80 93.10
2018-06-30 666.20 333.50 75.10
2018-03-31 666.20 333.50 75.10
2017-12-31 658.30 267.90 105.50
2017-09-30 587.10 267.90 105.50
2017-06-30 496.40 252.30 103.90
2017-03-31 496.40 252.30 103.90
2016-12-31 499.00 208.70 151.20
2016-09-30 499.00 208.70 151.20
2016-06-30 420.90 185.70 96.60
2016-03-31 420.90 185.70 96.60
2015-12-31 397.50 184.40 78.80
2015-09-30 397.50 184.40 78.80
2015-06-30 336.50 252.20 119.80
2015-03-31 336.50 252.20 119.80
2014-12-31 392.50 195.00 141.10
2014-09-30 392.50 195.00 141.10
2014-06-30 325.10 186.70 85.50
2014-03-31 325.10 186.70 85.50
2013-12-31 302.00 210.30 118.60
2013-09-30 302.00 210.30 118.60
2013-06-30 292.40 194.70 76.50
  • Autoneum Holding's level of debt (86.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (49.9% vs 86.9% today).
  • Debt is well covered by operating cash flow (27.5%, greater than 20% of total debt).
  • Autoneum Holding is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Autoneum Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Autoneum Holding has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AUTN Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Autoneum Holding dividends. Estimated to be 3.93% next year.
If you bought CHF2,000 of Autoneum Holding shares you are expected to receive CHF0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Autoneum Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Autoneum Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:AUTN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 5.6%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 159 Stocks 3.3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2.1%
Switzerland Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:AUTN Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.08 4.00
2021-12-31 2.60 5.00
2020-12-31 0.50 2.00
2020-04-01
SWX:AUTN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2020-03-04 0.000 0.000
2019-03-06 3.600 3.089
2018-03-07 6.500 3.173
2017-03-02 6.500 2.373
2016-03-03 4.500 1.773
2015-03-05 4.500 2.294
2014-03-19 1.300 0.781
2013-03-20 0.650 0.686

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Autoneum Holding has not reported any payouts.
  • Unable to verify if Autoneum Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Autoneum Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Autoneum Holding has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Autoneum Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Autoneum Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Autoneum Holding has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AUTN Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matthias Holzammer
AGE 54
TENURE AS CEO 0.5 years
CEO Bio

Mr. Matthias Holzammer has been Chief Executive Officer at Autoneum Holding AG since October 8, 2019, which he joined in 2008. Mr. Holzammer serves as Member of The Group Executive Board at Autoneum Holding AG since 2012 and served as Head of Business Group Europe since 2012 until February 1, 2019 and April 1, 2012 until February 1, 2019 respectively. Mr. Holzammer served as the President and Chief Operating Officer of Keiper GmbH & Co. KG since September 2009. He was in charge of KEIPER Operations, Industrial Engineering & Manufacturing Support, Central Quality and Global Purchasing as well as the activities of KEIPER in South America. He has developed a wealth of industry knowledge over the years along with in-depth experience in all aspects of value chains and production gained in his positions at Faurecia and Beru. He graduated from the Wuerzburg-Schweinfurt University of Applied Sciences with a degree in industrial engineering, specializing in production and logistics.

CEO Compensation
  • Insufficient data for Matthias to compare compensation growth.
  • Insufficient data for Matthias to establish whether their remuneration is reasonable compared to companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Autoneum Holding management team in years:

1.2
Average Tenure
54.5
Average Age
  • The average tenure for the Autoneum Holding management team is less than 2 years, this suggests a new team.
Management Team

Matthias Holzammer

TITLE
CEO & Member of the Group Executive Board
AGE
54
TENURE
0.5 yrs

Bernhard Wiehl

TITLE
CFO & Member of Group Executive Board
AGE
52
TENURE
0.5 yrs

Andreas Kolf

TITLE
Head of Business Group Asia & Member of the Group Executive Board
AGE
57
TENURE
4.1 yrs

Fausto Bigi

TITLE
Head of Business Group SAMEA and Member of the Group Executive Board
AGE
60
TENURE
4.1 yrs

Alexandra Bendler

TITLE
Head of Business Group Europe & Member of the Group Executive Board
AGE
46
TENURE
1.2 yrs

Greg Sibley

TITLE
Head of Business Group North America & Member of the Group Executive Board
AGE
55
TENURE
0.8 yrs

Bernhard Weber

TITLE
Head of Financial Services & IR

Anahid Rickmann

TITLE
Head of Corporate Communications & Responsibility
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Autoneum Holding board of directors in years:

9.3
Average Tenure
61
Average Age
  • The tenure for the Autoneum Holding board of directors is about average.
Board of Directors

Hans-Peter Schwald

TITLE
Non-Executive Chairman
COMPENSATION
CHF392K
AGE
60
TENURE
9.1 yrs

Rainer Schmückle

TITLE
Non-Executive Vice Chairman
COMPENSATION
CHF229K
AGE
60
TENURE
9.3 yrs

This Schneider

TITLE
Non-Executive Director
COMPENSATION
CHF188K
AGE
67
TENURE
9.1 yrs

Michael Pieper

TITLE
Non-Executive Director
COMPENSATION
CHF125K
AGE
73
TENURE
9.3 yrs

Ferdinand Stutz

TITLE
Non-Executive Director
COMPENSATION
CHF213K
AGE
62
TENURE
9.3 yrs

Peter Spuhler

TITLE
Non-Executive Director
COMPENSATION
CHF127K
AGE
60
TENURE
9.3 yrs

Norbert Indlekofer

TITLE
Non-Executive Director
COMPENSATION
CHF149K
AGE
61
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Autoneum Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Autoneum Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AUTN News

Simply Wall St News

What Type Of Shareholder Owns Autoneum Holding AG's (VTX:AUTN)?

In the chart below below, we can see that institutions own shares in the company. … Check out our latest analysis for Autoneum Holding SWX:AUTN Ownership Summary, September 2nd 2019 What Does The Institutional Ownership Tell Us About Autoneum Holding? … Insider Ownership Of Autoneum Holding The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Are Investors Undervaluing Autoneum Holding AG (VTX:AUTN) By 27%?

In this article we are going to estimate the intrinsic value of Autoneum Holding AG (VTX:AUTN) by estimating the company's future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (CHF, Millions) CHF26.2m CHF42.7m CHF57.3m CHF71.7m CHF85.0m CHF96.9m CHF107.4m CHF116.5m CHF124.6m CHF131.9m Growth Rate Estimate Source Analyst x2 Analyst x2 Est @ 34.45% Est @ 25.1% Est @ 18.55% Est @ 13.97% Est @ 10.76% Est @ 8.52% Est @ 6.94% Est @ 5.84% Present Value (CHF, Millions) Discounted @ 15.2% CHF22.7 CHF32.1 CHF37.5 CHF40.7 CHF41.9 CHF41.5 CHF39.9 CHF37.6 CHF34.9 CHF32.0 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= CHF360.9m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … SWX:AUTN Intrinsic value, August 20th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Autoneum Holding (VTX:AUTN) Takes On Some Risk With Its Use Of Debt

Either way, since Autoneum Holding does have more debt than cash, it's worth keeping an eye on its balance sheet. … Over the last three years, Autoneum Holding recorded negative free cash flow, in total. … Our View On the face of it, Autoneum Holding's conversion of EBIT to free cash flow left us tentative about the stock, and its EBIT growth rate was no more enticing than the one empty restaurant on the busiest night of the year.

Simply Wall St -

Volatility 101: Should Autoneum Holding (VTX:AUTN) Shares Have Dropped 43%?

We regret to report that long term Autoneum Holding AG (VTX:AUTN) shareholders have had that experience, with the share price dropping 43% in three years, versus a market return of about 35%. … Although the share price is down over three years, Autoneum Holding actually managed to grow EPS by 9.1% per year in that time. … We note that for Autoneum Holding the TSR over the last 3 years was -39%, which is better than the share price return mentioned above.

Simply Wall St -

Is Autoneum Holding AG (VTX:AUTN) Investing Your Capital Efficiently?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Autoneum Holding: 0.062 = CHF65m ÷ (CHF1.6b - CHF551m) (Based on the trailing twelve months to December 2018.) Therefore, Autoneum Holding has an ROCE of 6.2%. … How Autoneum Holding's Current Liabilities Impact Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Is Autoneum Holding AG's (VTX:AUTN) Balance Sheet Strong Enough To Weather A Storm?

AUTN’s Debt (And Cash Flows) AUTN's debt levels surged from CHF289m to CHF377m over the last 12 months , which includes long-term debt. … Additionally, AUTN has generated cash from operations of CHF124m during the same period of time, resulting in an operating cash to total debt ratio of 33%, indicating that AUTN’s current level of operating cash is high enough to cover debt. … Next Steps: AUTN’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Autoneum Holding AG (VTX:AUTN)?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Check out our latest analysis for Autoneum Holding What we can learn from AUTN's beta value With a beta of 0.99, (which is quite close to 1) the share price of Autoneum Holding has historically been about as voltile as the broader market. … Small companies often have a high beta value because the stock price can move on relatively low capital flows.

Simply Wall St -

Taking A Look At Autoneum Holding AG's (VTX:AUTN) ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Autoneum Holding: 12% = CHF55m ÷ CHF628m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Autoneum Holding Have A Good Return On Equity? … Autoneum Holding's Debt And Its 12% ROE Although Autoneum Holding does use debt, its debt to equity ratio of 0.60 is still low.

Simply Wall St -

Is Autoneum Holding AG's (VTX:AUTN) Stock Available For A Good Price After Accounting For Growth?

Autoneum Holding AG (VTX:AUTN) is considered a high growth stock. … However its last closing price of CHF133.6 left investors wondering whether this growth has already been factored into the share price. … If you are bullish about Autoneum Holding's growth potential then you are certainly not alone

Simply Wall St -

Did Autoneum Holding AG (VTX:AUTN) Use Debt To Deliver Its ROE Of 12%?

Autoneum Holding has a ROE of 12%, based on the last twelve months. … That means that for every CHF1 worth of shareholders' equity, it generated CHF0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

AUTN Company Info

Description

Autoneum Holding AG develops and manufactures acoustic and thermal management solutions for the automotive market. It offers multifunctional and lightweight components and systems for noise and heat protection. The company provides engine encapsulations, engine top covers, hoodliners, battery covers, fender insulators, water box shields, and outer dashes and other body-mounted absorbers; and interior floor products comprising inner dashes, non-woven carpets, tufted carpets, spacers and crash pads, and floor insulators and mats. It also offers underbody products, including under floor shields, under engine shields, heatshields, floor pans, battery boxes, and wheelhouse outer liners; body treatment products, such as dampers, stiffeners, and other acoustics components; and measurement systems, as well as performs simulations and tests. The company has operations in Europe, North America, Asia, South America, the Middle East, and Africa. Autoneum Holding AG was founded in 1901 and is headquartered in Winterthur, Switzerland.

Details
Name: Autoneum Holding AG
AUTN
Exchange: SWX
Founded: 1901
CHF282,512,064
4,646,580
Website: http://www.autoneum.com
Address: Autoneum Holding AG
Schlosstalstrasse 43,
Winterthur,
Zurich, 8406,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX AUTN Registered Shares SIX Swiss Exchange CH CHF 13. May 2011
OTCPK ATNN.F Registered Shares Pink Sheets LLC US USD 13. May 2011
DB AN9 Registered Shares Deutsche Boerse AG DE EUR 13. May 2011
LSE 0QOB Registered Shares London Stock Exchange GB CHF 13. May 2011
Number of employees
Current staff
Staff numbers
13,128
Autoneum Holding employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 02:49
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/04
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.