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Bobst Group

SWX:BOBNN
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOBNN
SWX
CHF903M
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

Bobst Group SA supplies equipment and services for printing, coating and laminating, cutting, folding, gluing, and other processes worldwide. The last earnings update was 117 days ago. More info.


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BOBNN Share Price and Events
7 Day Returns
0.8%
SWX:BOBNN
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
-20%
SWX:BOBNN
14.4%
CH Machinery
13.3%
CH Market
BOBNN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bobst Group (BOBNN) 0.8% 7.4% 19.8% -20% -6.7% 28.7%
CH Machinery -0.3% 7.6% 15.7% 14.4% 26.5% 41.5%
CH Market -0% 3.2% 4.8% 13.3% 21.9% 13%
1 Year Return vs Industry and Market
  • BOBNN underperformed the Machinery industry which returned 14.4% over the past year.
  • BOBNN underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
BOBNN
Industry
5yr Volatility vs Market

BOBNN Value

 Is Bobst Group 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 Bobst Group 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 Bobst Group.

SWX:BOBNN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

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:BOBNN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.078 (1 + (1- 18%) (33.74%))
1.252
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.252 * 5.96%)
10.74%

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

The calculations below outline how an intrinsic value for Bobst Group 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:BOBNN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 10.74%)
2020 71.80 Analyst x4 64.84
2021 70.13 Analyst x4 57.18
2022 83.10 Analyst x1 61.19
2023 99.90 Analyst x1 66.43
2024 109.26 Est @ 9.37% 65.61
2025 117.50 Est @ 7.54% 63.71
2026 124.86 Est @ 6.26% 61.14
2027 131.56 Est @ 5.37% 58.17
2028 137.79 Est @ 4.74% 55.02
2029 143.72 Est @ 4.3% 51.82
Present value of next 10 years cash flows CHF605.00
SWX:BOBNN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF143.72 × (1 + 3.28%) ÷ (10.74% – 3.28%)
CHF1,988.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF1,988.50 ÷ (1 + 10.74%)10
CHF716.99
SWX:BOBNN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF605.00 + CHF716.99
CHF1,321.99
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF1,321.99 / 16.51
CHF80.05
SWX:BOBNN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF80.05
Current discount Discount to share price of CHF55.35
= -1 x (CHF55.35 - CHF80.05) / CHF80.05
30.9%

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

Current Discount
Amount off the current price Bobst Group is available for.
Intrinsic value
31%
Share price is CHF55.35 vs Future cash flow value of CHF80.05
Current Discount Checks
For Bobst Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bobst Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bobst Group'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 Bobst Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bobst Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:BOBNN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF2.83
SWX:BOBNN Share Price ** SWX (2019-11-15) in CHF CHF55.35
Switzerland Machinery Industry PE Ratio Median Figure of 25 Publicly-Listed Machinery Companies 23.34x
Switzerland Market PE Ratio Median Figure of 171 Publicly-Listed Companies 19.23x

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

** Primary Listing of Bobst Group.

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

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

= 55.35 ÷ 2.83

19.54x

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

  • Bobst Group is good value based on earnings compared to the CH Machinery industry average.
  • Bobst Group is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Bobst Group's expected growth come at a high price?
Raw Data
SWX:BOBNN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
18.7%per year
Switzerland Machinery Industry PEG Ratio Median Figure of 23 Publicly-Listed Machinery Companies 1.18x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.17x

*Line of best fit is calculated by linear regression .

SWX:BOBNN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.54x ÷ 18.7%

1.05x

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

  • Bobst Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bobst Group's assets?
Raw Data
SWX:BOBNN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF34.20
SWX:BOBNN Share Price * SWX (2019-11-15) in CHF CHF55.35
Switzerland Machinery Industry PB Ratio Median Figure of 25 Publicly-Listed Machinery Companies 2.3x
Switzerland Market PB Ratio Median Figure of 214 Publicly-Listed Companies 1.66x
SWX:BOBNN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 55.35 ÷ 34.20

1.62x

* Primary Listing of Bobst Group.

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

  • Bobst Group is good value based on assets compared to the CH Machinery industry average.
X
Value checks
We assess Bobst Group'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Bobst Group has a total score of 3/6, 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.

BOBNN Future Performance

 How is Bobst Group expected to perform in the next 1 to 3 years based on estimates from 6 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
18.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bobst Group expected to grow at an attractive rate?
  • Bobst Group's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Bobst Group's earnings growth is expected to exceed the Switzerland market average.
  • Bobst Group's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:BOBNN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:BOBNN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 18.7%
SWX:BOBNN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.9%
Switzerland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.5%
Switzerland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*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:BOBNN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:BOBNN Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,660 2
2022-12-31 1,691 2
2021-12-31 1,642 115 79 6
2020-12-31 1,602 113 73 6
2019-12-31 1,626 100 56 5
2019-11-18
SWX:BOBNN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 1,610 -65 47
2019-03-31 1,622 -55 55
2018-12-31 1,635 -46 64
2018-09-30 1,642 28 90
2018-06-30 1,648 103 117
2018-03-31 1,588 126 116
2017-12-31 1,529 150 114
2017-09-30 1,509 129 108
2017-06-30 1,489 107 103
2017-03-31 1,468 108 93
2016-12-31 1,447 108 84
2016-09-30 1,427 88 73

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bobst Group's earnings are expected to grow by 18.7% yearly, however this is not considered high growth (20% yearly).
  • Bobst Group's revenue is expected to grow by 0.9% 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:BOBNN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Bobst Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BOBNN Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.09 6.03 4.16 5.00
2020-12-31 4.62 5.17 3.23 6.00
2019-12-31 3.70 4.16 3.26 5.00
2019-11-18
SWX:BOBNN Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 2.83
2019-03-31 3.34
2018-12-31 3.84
2018-09-30 5.47
2018-06-30 7.10
2018-03-31 7.01
2017-12-31 6.93
2017-09-30 6.56
2017-06-30 6.20
2017-03-31 5.64
2016-12-31 5.07
2016-09-30 4.41

*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.
  • Bobst Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bobst Group'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 Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland 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.
Bobst Group has a total score of 2/6, 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.

BOBNN Past Performance

  How has Bobst Group 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 Bobst Group's growth in the last year to its industry (Machinery).
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.
  • Bobst Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Bobst Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bobst Group's 1-year earnings growth is negative, it can't be compared to the CH Machinery industry average.
Earnings and Revenue History
Bobst Group'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 Bobst Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BOBNN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,609.50 46.80 506.50
2019-03-31 1,622.35 55.15 502.95
2018-12-31 1,635.20 63.50 499.40
2018-09-30 1,641.60 90.45 495.60
2018-06-30 1,648.00 117.40 491.80
2018-03-31 1,588.35 115.90 473.05
2017-12-31 1,528.70 114.40 454.30
2017-09-30 1,509.05 108.45 453.90
2017-06-30 1,489.40 102.50 453.50
2017-03-31 1,468.00 93.15 448.35
2016-12-31 1,446.60 83.80 443.20
2016-09-30 1,426.60 72.65 428.40
2016-06-30 1,406.60 61.50 413.60
2016-03-31 1,368.75 63.95 405.05
2015-12-31 1,330.90 66.40 396.50
2015-09-30 1,297.55 64.30 398.90
2015-06-30 1,264.20 62.20 401.30
2015-03-31 1,282.10 56.35 409.75
2014-12-31 1,300.00 50.50 418.20
2014-09-30 1,327.25 46.45 424.95
2014-06-30 1,354.50 42.40 431.70
2014-03-31 1,355.75 34.30 433.25
2013-12-31 1,357.00 26.20 434.80
2013-09-30 1,325.90 20.85 435.15
2013-06-30 1,294.80 15.50 435.50
2013-03-31 1,279.75 4.20 434.00
2012-12-31 1,264.70 -7.10 432.50

*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.
  • Bobst Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bobst Group used its assets less efficiently than the CH Machinery industry average last year based on Return on Assets.
  • Bobst Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bobst Group'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 Machinery 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.
Bobst Group has a total score of 1/6, 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.

BOBNN Health

 How is Bobst Group'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 Bobst Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bobst Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bobst Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bobst Group'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 3.5x 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 Bobst Group Company Filings, last reported 4 months ago.

SWX:BOBNN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 537.00 304.50 187.40
2019-03-31 537.00 304.50 187.40
2018-12-31 553.50 417.10 396.30
2018-09-30 553.50 417.10 396.30
2018-06-30 531.30 268.80 300.60
2018-03-31 531.30 268.80 300.60
2017-12-31 559.40 269.90 402.80
2017-09-30 559.40 269.90 402.80
2017-06-30 464.10 274.40 282.00
2017-03-31 464.10 274.40 282.00
2016-12-31 477.50 274.20 325.50
2016-09-30 477.50 274.20 325.50
2016-06-30 413.70 277.10 256.90
2016-03-31 413.70 277.10 256.90
2015-12-31 421.80 280.90 279.20
2015-09-30 421.80 280.90 279.20
2015-06-30 350.90 280.30 254.00
2015-03-31 350.90 280.30 254.00
2014-12-31 454.80 479.00 461.30
2014-09-30 454.80 479.00 461.30
2014-06-30 503.80 317.30 235.40
2014-03-31 503.80 317.30 235.40
2013-12-31 508.10 426.20 324.20
2013-09-30 519.70 426.20 324.20
2013-06-30 471.90 495.90 346.90
2013-03-31 471.90 495.90 346.90
2012-12-31 421.70 495.80 305.40
  • Bobst Group's level of debt (56.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (63.4% vs 56.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 14.7x coverage).
X
Financial health checks
We assess Bobst Group'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. Bobst Group has a total score of 4/6, 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.

BOBNN Dividends

 What is Bobst Group'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
2.71%
Current annual income from Bobst Group dividends. Estimated to be 3.07% next year.
If you bought CHF2,000 of Bobst Group shares you are expected to receive CHF54 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?
  • Bobst Group's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.85%).
  • Bobst Group's dividend is below the markets top 25% of dividend payers in Switzerland (3.6%).
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:BOBNN 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 6 Analyst Estimates (S&P Global) See Below
Switzerland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.2%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 163 Stocks 2.9%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.8%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

SWX:BOBNN Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.92 6.00
2020-12-31 1.67 6.00
2019-12-31 1.47 5.00
2019-11-18
SWX:BOBNN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-27 1.500 2.572
2018-02-27 2.600 2.999
2017-03-02 1.700 1.616
2016-03-02 1.250 2.204
2015-03-17 1.250 3.002
2014-03-27 0.750 1.914
2009-07-30 0.000 0.000
2009-03-02 0.000 0.000

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

  • Bobst Group 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 Bobst Group only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Bobst Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Bobst Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Bobst Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bobst Group has a total score of 3/6, see the detailed checks below.


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

BOBNN Management

 What is the CEO of Bobst Group'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
Jean-Pascal Bobst
COMPENSATION CHF1,594,668
AGE 54
TENURE AS CEO 10.5 years
CEO Bio

Mr. Jean-Pascal Bobst has been the Chief Executive Officer of Bobst Group SA, since May 7, 2009 and served as its Head of Business Unit Sheet-fed. Mr. Bobst served as Head of Technology, Supply Production & Logistics at Bobst Group North America. Mr. Bobst served as Head of Technology and Group Supply, Production & Logistics at Bobst Group SA since March 1, 2006. Since 1994 he has been with Bobst in various Management positions. Mr. Bobst serves as Chairman of the Board of Foundation Aslane. He is a Member of various Boards within the Bobst Group organization and as a Member of JBF Finance SA and Foundation Lumière & Vie. He holds Mechanical engineer HES (University of Applied Sciences) and Service for Executive and PED (Program for Executive Development) from INSEAD.

CEO Compensation
  • Jean-Pascal's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jean-Pascal's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Bobst Group management team in years:

8.3
Average Tenure
51
Average Age
  • The average tenure for the Bobst Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jean-Pascal Bobst

TITLE
Chief Executive Officer
COMPENSATION
CHF2M
AGE
54
TENURE
10.5 yrs

Attilio Tissi

TITLE
Chief Financial Officer
AGE
51
TENURE
8 yrs

Stephan März

TITLE
Head of Web-Fed Business Unit
AGE
48
TENURE
8.6 yrs

Philippe Milliet

TITLE
Head of Sheet-Fed Business Unit
AGE
56
TENURE
8 yrs

Julien Laran

TITLE
Head of Business Unit Services
AGE
42
Board of Directors Tenure

Average tenure and age of the Bobst Group board of directors in years:

5.7
Average Tenure
64
Average Age
  • The tenure for the Bobst Group board of directors is about average.
Board of Directors

Alain Guttmann

TITLE
Chairman
COMPENSATION
CHF348K
AGE
61
TENURE
6.8 yrs

Thierry de Kalbermatten

TITLE
Vice-Chairman
COMPENSATION
CHF246K
AGE
65

Bruno de Kalbermatten

TITLE
Honorary Chairman
AGE
78

Jürgen Brandt

TITLE
Non-Executive Director
COMPENSATION
CHF186K
AGE
63
TENURE
6.6 yrs

Gian-Luca Bona

TITLE
Director
COMPENSATION
CHF176K
AGE
62
TENURE
4.8 yrs

Philip Mosimann

TITLE
Director
COMPENSATION
CHF176K
AGE
65
TENURE
3.6 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 Bobst Group'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. Bobst Group 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.

BOBNN News

Simply Wall St News

Bobst Group SA (VTX:BOBNN) Might Not Be A Great Investment

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 Bobst Group:0.069 = CHF65m ÷ (CHF1.6b - CHF610m) (Based on the trailing twelve months to June 2019.) So, Bobst Group has an ROCE of 6.9%. … Do Bobst Group's Current Liabilities Skew Its ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Is Bobst Group SA's (VTX:BOBNN) Stock Available For A Good Price After Accounting For Growth?

Growth expectations for Bobst Group SA (VTX:BOBNN) are high, but many investors are starting to ask whether its last close at CHF47.88 can still be rationalized by the future potential. … Bobst Group's extremely high growth potential in the near future is attracting investors. … But, since Bobst Group is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio.

Simply Wall St -

Could Bobst Group SA's (VTX:BOBNN) Investor Composition Influence The Stock Price?

View our latest analysis for Bobst Group SWX:BOBNN Ownership Summary, August 9th 2019 What Does The Institutional Ownership Tell Us About Bobst Group? … We can see that Bobst Group does have institutional investors; and they hold 16% of the stock. … Insider Ownership Of Bobst Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

What Is Bobst Group's (VTX:BOBNN) P/E Ratio After Its Share Price Tanked?

View our latest analysis for Bobst Group How Does Bobst Group's P/E Ratio Compare To Its Peers? … SWX:BOBNN Price Estimation Relative to Market, July 30th 2019 Bobst Group's P/E tells us that market participants think its prospects are roughly in line with its industry. … The Verdict On Bobst Group's P/E Ratio Bobst Group trades on a P/E ratio of 17.6, which is fairly close to the CH market average of 18.3.

Simply Wall St -

Does Bobst Group SA (VTX:BOBNN) Have A High Beta?

If you're interested in Bobst Group SA (VTX:BOBNN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Given that it has a beta of 1.27, we can surmise that the Bobst Group share price has been fairly sensitive to market volatility (over the last 5 years).

Simply Wall St -

Should Bobst Group (VTX:BOBNN) Be Disappointed With Their 51% Profit?

For example, the Bobst Group SA (VTX:BOBNN) share price is up 51% in the last 5 years, clearly besting than the market return of around 13% (ignoring dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Bobst Group achieved compound earnings per share (EPS) growth of 19% per year.

Simply Wall St -

A Closer Look At Bobst Group SA's (VTX:BOBNN) Uninspiring ROE

Our data shows Bobst Group has a return on equity of 9.1% for the last year. … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bobst Group: 9.1% = CHF64m ÷ CHF554m (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. … Combining Bobst Group's Debt And Its 9.1% Return On Equity While Bobst Group does have some debt, with debt to equity of just 0.75, we wouldn't say debt is excessive.

Simply Wall St -

Bobst Group (VTX:BOBNN) Takes On Some Risk With Its Use Of Debt

We can see that Bobst Group SA (VTX:BOBNN) does use debt in its business. … Because it carries more debt than cash, we think it's worth watching Bobst Group's balance sheet over time. … Our View Neither Bobst Group's ability to grow its EBIT nor its conversion of EBIT to free cash flow gave us confidence in its ability to take on more debt.

Simply Wall St -

What Do Analysts Think About Bobst Group SA's (VTX:BOBNN) Earnings Outlook?

Below is my commentary, albeit very simple and high-level, on how market analysts view Bobst Group's earnings growth outlook over the next couple of years and whether the future looks brighter. … See our latest analysis for Bobst Group Analysts' expectations for next year seems positive, with earnings rising by a robust 42%. … SWX:BOBNN Past and Future Earnings, June 26th 2019 Even though it is informative understanding the growth each year relative to today’s value, it may be more insightful gauging the rate at which the earnings are moving on average every year.

Simply Wall St -

Calculating The Intrinsic Value Of Bobst Group SA (VTX:BOBNN)

In this article we are going to estimate the intrinsic value of Bobst Group SA (VTX:BOBNN) by taking the expected future cash flows and discounting them to today's value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CHF, Millions) CHF74.33 CHF78.58 CHF96.20 CHF106.50 CHF115.13 CHF122.79 CHF129.71 CHF136.11 CHF142.14 CHF147.95 Growth Rate Estimate Source Analyst x4 Analyst x4 Analyst x4 Analyst x1 Est @ 8.1% Est @ 6.65% Est @ 5.64% Est @ 4.93% Est @ 4.43% Est @ 4.09% Present Value (CHF, Millions) Discounted @ 10.81% CHF67.07 CHF63.99 CHF70.70 CHF70.63 CHF68.90 CHF66.32 CHF63.22 CHF59.87 CHF56.42 CHF53.00 Present Value of 10-year Cash Flow (PVCF)= CHF640.12m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … SWX:BOBNN Intrinsic value, June 18th 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

BOBNN Company Info

Description

Bobst Group SA supplies equipment and services for printing, coating and laminating, cutting, folding, gluing, and other processes worldwide. It operates through BU Sheet-Fed, BU Web-Fed, and BU Services segments. The company’s products comprise vacuum coaters and metalizers, extrusion coating and laminating lines, coating lines, laminating machines, and litho-laminators; flexo post-printing presses, CI flexo presses, inline flexo presses, and rotogravure printing presses; flatbed die cutters, hot foil stampers, and Web-fed converting equipment; and flatbed die-cutting lines, flexo folder gluers, flexo rotary die cutters, and converting lines for printing and converting. Its services include remote services, technical services, spare parts and consumables, tooling services, monitoring apps, and relocation services; maintenance solutions comprising inspection, maintenance, and repair services; machinery enhancement services; process optimization, training, technical coaching, and performance solutions. The company’s products are used in packaging, including folding cartons, corrugated boards, and flexible materials, as well as packaging for liquids; commercial print finishing; label manufacturing; sack and bag production; pressure sensitive adhesive tape production; decorative printing; and security, tobacco, and industrial applications. Bobst Group SA was founded in 1890 and is based in Mex, Switzerland. Bobst Group SA is a subsidiary of JBF Finance SA.

Details
Name: Bobst Group SA
BOBNN
Exchange: SWX
Founded: 1890
CHF902,523,709
16,514,615
Website: http://www.bobst.com
Address: Bobst Group SA
3, Route de Faraz,
Mex,
Vaud, 1031,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX BOBNN Registered Shares SIX Swiss Exchange CH CHF 12. Nov 2001
OTCPK BBBS.F Registered Shares Pink Sheets LLC US USD 12. Nov 2001
DB 4J7 Registered Shares Deutsche Boerse AG DE EUR 12. Nov 2001
LSE 0QKJ Registered Shares London Stock Exchange GB CHF 12. Nov 2001
Number of employees
Current staff
Staff numbers
5,597
Bobst Group employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:45
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/07/24
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.