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Bucher Industries

SWX:BUCN
Snowflake Description

Flawless balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BUCN
SWX
CHF3B
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

Bucher Industries AG develops, manufactures, and sells machinery, vehicles, and systems for use in harvesting, food producing and packaging, and roads and public spaces cleaning worldwide. The last earnings update was 111 days ago. More info.


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BUCN Share Price and Events
7 Day Returns
-1.5%
SWX:BUCN
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
24%
SWX:BUCN
14.4%
CH Machinery
13.3%
CH Market
BUCN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bucher Industries (BUCN) -1.5% 2.3% 14.8% 24% 40.6% 30.2%
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
  • BUCN outperformed the Machinery industry which returned 14.4% over the past year.
  • BUCN outperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
BUCN
Industry
5yr Volatility vs Market

BUCN Value

 Is Bucher Industries 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 Bucher Industries 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 Bucher Industries.

SWX:BUCN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
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:BUCN
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%) (10.21%))
1.113
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.113 * 5.96%)
9.91%

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

The calculations below outline how an intrinsic value for Bucher Industries 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:BUCN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 9.91%)
2020 192.73 Analyst x4 175.35
2021 171.93 Analyst x4 142.32
2022 160.98 Est @ -6.37% 121.25
2023 155.38 Est @ -3.48% 106.48
2024 153.13 Est @ -1.45% 95.48
2025 153.08 Est @ -0.03% 86.84
2026 154.55 Est @ 0.96% 79.77
2027 157.10 Est @ 1.65% 73.78
2028 160.46 Est @ 2.14% 68.57
2029 164.45 Est @ 2.48% 63.93
Present value of next 10 years cash flows CHF1,013.00
SWX:BUCN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF164.45 × (1 + 3.28%) ÷ (9.91% – 3.28%)
CHF2,560.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF2,560.28 ÷ (1 + 9.91%)10
CHF995.37
SWX:BUCN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF1,013.00 + CHF995.37
CHF2,008.37
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF2,008.37 / 10.21
CHF196.66
SWX:BUCN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF196.66
Current discount Discount to share price of CHF322.20
= -1 x (CHF322.20 - CHF196.66) / CHF196.66
-63.8%

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

  • The current share price of Bucher Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Bucher Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bucher Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:BUCN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF21.12
SWX:BUCN Share Price ** SWX (2019-11-15) in CHF CHF322.2
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 Bucher Industries.

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

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

= 322.2 ÷ 21.12

15.26x

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

  • Bucher Industries is good value based on earnings compared to the CH Machinery industry average.
  • Bucher Industries is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Bucher Industries's expected growth come at a high price?
Raw Data
SWX:BUCN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
2.5%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:BUCN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.26x ÷ 2.5%

6.19x

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

  • Bucher Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bucher Industries's assets?
Raw Data
SWX:BUCN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF126.87
SWX:BUCN Share Price * SWX (2019-11-15) in CHF CHF322.2
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:BUCN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 322.2 ÷ 126.87

2.54x

* Primary Listing of Bucher Industries.

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

  • Bucher Industries is overvalued based on assets compared to the CH Machinery industry average.
X
Value checks
We assess Bucher Industries'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. Bucher Industries has a total score of 2/6, 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.

BUCN Future Performance

 How is Bucher Industries expected to perform in the next 1 to 3 years based on estimates from 4 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
2.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bucher Industries expected to grow at an attractive rate?
  • Bucher Industries's earnings growth is positive but not above the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Bucher Industries's earnings growth is positive but not above the Switzerland market average.
  • Bucher Industries's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:BUCN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:BUCN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 2.5%
SWX:BUCN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.7%
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:BUCN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:BUCN Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,342 357 1
2022-12-31 3,253 338 1
2021-12-31 3,351 293 228 2
2020-12-31 3,139 332 204 2
2019-12-31 3,083 233 216 1
2019-11-18
SWX:BUCN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 3,166 255 216
2019-03-31 3,115 228 214
2018-12-31 3,065 201 212
2018-09-30 2,979 172 209
2018-06-30 2,894 143 199
2018-03-31 2,771 183 185
2017-12-31 2,647 222 171
2017-09-30 2,548 242 152
2017-06-30 2,448 262 133
2017-03-31 2,414 263 126
2016-12-31 2,380 263 119
2016-09-30 2,387 259 126

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bucher Industries's earnings are expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
  • Bucher Industries's revenue is expected to grow by 1.7% 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:BUCN 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 4 Analyst Estimates (S&P Global) See Below

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

SWX:BUCN Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 22.80 22.80 22.80 1.00
2022-12-31 21.70 21.70 21.70 1.00
2021-12-31 21.57 22.40 20.40 7.00
2020-12-31 20.09 21.01 19.25 7.00
2019-12-31 21.20 21.63 20.86 6.00
2019-11-18
SWX:BUCN Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 21.12
2019-03-31 20.94
2018-12-31 20.77
2018-09-30 20.44
2018-06-30 19.49
2018-03-31 18.15
2017-12-31 16.80
2017-09-30 14.98
2017-06-30 13.14
2017-03-31 12.44
2016-12-31 11.73
2016-09-30 12.45

*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.
  • Bucher Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bucher Industries'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.
Bucher Industries has a total score of 0/6, 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.

BUCN Past Performance

  How has Bucher Industries 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 Bucher Industries'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.
  • Bucher Industries's year on year earnings growth rate has been positive over the past 5 years.
  • Bucher Industries's 1-year earnings growth exceeds its 5-year average (8.4% vs 4.1%)
  • Bucher Industries's earnings growth has exceeded the CH Machinery industry average in the past year (8.4% vs 2.7%).
Earnings and Revenue History
Bucher Industries'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 Bucher Industries Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BUCN 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 3,165.50 215.90 825.90
2019-03-31 3,115.00 214.15 814.85
2018-12-31 3,064.50 212.40 803.80
2018-09-30 2,979.40 209.00 788.45
2018-06-30 2,894.30 199.20 774.50
2018-03-31 2,770.85 185.05 747.40
2017-12-31 2,647.40 170.90 720.30
2017-09-30 2,547.80 151.95 696.05
2017-06-30 2,448.20 133.00 671.80
2017-03-31 2,414.30 125.85 667.40
2016-12-31 2,380.40 118.70 663.00
2016-09-30 2,387.40 125.95 661.60
2016-06-30 2,394.40 133.20 660.20
2016-03-31 2,442.40 135.75 659.65
2015-12-31 2,490.40 138.30 659.10
2015-09-30 2,584.15 154.20 676.45
2015-06-30 2,677.90 170.10 693.80
2015-03-31 2,741.75 178.75 702.40
2014-12-31 2,805.60 187.40 711.00
2014-09-30 2,777.75 191.45 698.10
2014-06-30 2,749.90 195.50 685.20
2014-03-31 2,720.35 195.00 674.30
2013-12-31 2,690.80 194.50 663.40
2013-09-30 2,664.50 175.90 654.55
2013-06-30 2,638.20 157.30 645.70
2013-03-31 2,623.60 154.50 640.05
2012-12-31 2,609.00 151.70 634.40

*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.
  • Bucher Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bucher Industries used its assets more efficiently than the CH Machinery industry average last year based on Return on Assets.
  • Bucher Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bucher Industries'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.
Bucher Industries has a total score of 5/6, 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.

BUCN Health

 How is Bucher Industries'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 Bucher Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bucher Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bucher Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bucher Industries'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 5.6x 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 Bucher Industries Company Filings, last reported 4 months ago.

SWX:BUCN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,314.80 331.10 332.90
2019-03-31 1,314.80 331.10 332.90
2018-12-31 1,489.60 274.40 441.50
2018-09-30 1,489.60 274.40 441.50
2018-06-30 1,425.70 338.80 324.80
2018-03-31 1,425.70 338.80 324.80
2017-12-31 1,432.10 315.10 540.50
2017-09-30 1,432.10 315.10 540.50
2017-06-30 1,250.80 354.40 338.70
2017-03-31 1,250.80 354.40 338.70
2016-12-31 1,223.60 342.90 417.90
2016-09-30 1,223.60 342.90 417.90
2016-06-30 1,156.80 402.60 254.00
2016-03-31 1,156.80 402.60 254.00
2015-12-31 1,154.10 368.00 374.80
2015-09-30 1,154.10 368.00 374.80
2015-06-30 1,041.30 489.30 249.90
2015-03-31 1,041.30 489.30 249.90
2014-12-31 1,201.60 431.30 369.20
2014-09-30 1,201.60 431.30 369.20
2014-06-30 1,100.30 516.00 294.30
2014-03-31 1,100.30 516.00 294.30
2013-12-31 1,074.10 427.60 455.70
2013-09-30 1,074.10 427.60 455.70
2013-06-30 978.30 543.30 377.90
2013-03-31 978.30 543.30 377.90
2012-12-31 890.30 499.70 480.30
  • Bucher Industries's level of debt (24.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (44.2% vs 24.6% today).
  • Debt is well covered by operating cash flow (78.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 112.8x coverage).
X
Financial health checks
We assess Bucher Industries'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. Bucher Industries has a total score of 6/6, 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.

BUCN Dividends

 What is Bucher Industries'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
2.48%
Current annual income from Bucher Industries dividends. Estimated to be 2.62% next year.
If you bought CHF2,000 of Bucher Industries shares you are expected to receive CHF50 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?
  • Bucher Industries's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.85%).
  • Bucher Industries'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:BUCN 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 4 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:BUCN Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 9.80 1.00
2022-12-31 9.30 1.00
2021-12-31 8.76 9.00
2020-12-31 8.12 9.00
2019-12-31 8.14 8.00
2019-11-18
SWX:BUCN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-06 8.000 2.526
2018-03-06 6.500 2.031
2017-03-07 5.000 1.448
2016-04-15 5.500 2.264
2015-03-05 6.500 2.855
2014-03-06 6.500 2.484
2013-03-14 5.000 2.103
2012-03-15 4.000 2.293
2012-03-09 4.000 2.048
2011-03-08 3.000 1.777
2010-01-04 2.000 1.420
2009-03-19 4.500 4.184

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bucher Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Bucher Industries'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 Bucher Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bucher Industries has a total score of 4/6, see the detailed checks below.


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

BUCN Management

 What is the CEO of Bucher Industries'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
Jacques Sanche
COMPENSATION CHF1,890,400
AGE 54
TENURE AS CEO 3.6 years
CEO Bio

Dr. Jacques Sanche, Dr. oec. HSG, has been the Chief Executive Officer at Bucher Industries AG since April 2016. Dr. Sanche served as the Chief Executive Officer of Belimo Holding AG from August 2007 to July 1, 2015. Dr. Sanche served as a Member of Management Board at Walter Meier AG since 2004. He has held various management positions at WMH Walter since 1997 and since 1990, he has held various positions as consultant. Dr. Sanche served as the President and Chief Operating Officer of WMH Tool Group, Inc. (now JPW Industries, Inc.) until February 6, 2007. He served as an Executive Member of JPW until February 2007. Dr. Sanche served as Consultant with Information Management Group, St. Gallen from 1990 to 1993. He served as Project Manager with Diener AG, Embrach from 1994 to 1995; Consultant with The Boston Consulting Group, Munich from 1995 to 1997; Head of Division of Axair AG - Profit-Center Novasina, Pfäffikon (SZ); Managing Director with Stäfa Wirz Ventilator AG, Stäfa and Berne from 1997 to 2000; Oertli Service AG, Schwerzenbach from 2000 to 2004 and Vescal AG, Vevey from 2001 to 2004; Chief Executive Officer of JPW from 2004 to 2007. He served at IMG and Boston Consulting Group Company and served as the President of Novasina, Stäfa Wirz, Oertli Service, Vescal. Dr. Sanche serves as a Member of the Board of Directors of Stäfa Wirz Ventilator AG, Bern and Diener. He serves as a Director of various WMH companies. Dr. Sanche has been a Non-executive Director at Schweiter Technologies AG since 2011. He holds a Doctorate in economics (Dr. oec.)/Doctor of Information Management from the University of St Gallen (HSG), Institute for Information Management.

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

Average tenure and age of the Bucher Industries management team in years:

5.1
Average Tenure
52
Average Age
  • The average tenure for the Bucher Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jacques Sanche

TITLE
Chief Executive Officer
COMPENSATION
CHF2M
AGE
54
TENURE
3.6 yrs

Manuela Suter

TITLE
Chief Financial Officer
AGE
45
TENURE
1.8 yrs

Markus Beck

TITLE
Head of Legal
AGE
46
TENURE
3.8 yrs

Silvia Oppliger

TITLE
Head of Corporate Communications
AGE
43
TENURE
1.1 yrs

Daniel Waller

TITLE
Division President of Bucher Hydraulics
AGE
59
TENURE
15.8 yrs

Aurelio Lemos

TITLE
Division President of Bucher Municipal
AGE
57
TENURE
16.8 yrs

Martin Jetter

TITLE
Division President of Emhart Glass
AGE
63
TENURE
13.8 yrs

Stefan Düring

TITLE
Head of Group Development & President of Bucher Specials Division
AGE
47
TENURE
14.8 yrs

Thierry Krier

TITLE
Division President of Kuhn Group
AGE
52
TENURE
5.1 yrs

Roland Rieger

TITLE
Head of Marketing of Kuhn Group
Board of Directors Tenure

Average tenure and age of the Bucher Industries board of directors in years:

7.6
Average Tenure
58
Average Age
  • The tenure for the Bucher Industries board of directors is about average.
Board of Directors

Philip Mosimann

TITLE
Chairman
COMPENSATION
CHF400K
AGE
65
TENURE
3.6 yrs

Anita Hauser

TITLE
Deputy Chairman
COMPENSATION
CHF151K
AGE
50
TENURE
7.6 yrs

Heinrich Spoerry

TITLE
Independent Non-Executive Director
COMPENSATION
CHF136K
AGE
68
TENURE
13.8 yrs

Valentin Vogt

TITLE
Independent Non-Executive Director
COMPENSATION
CHF141K
AGE
59
TENURE
5.6 yrs

Claude Cornaz

TITLE
Independent Non-Executive Director
COMPENSATION
CHF134K
AGE
58
TENURE
17.8 yrs

Michael Hauser

TITLE
Independent Non-Executive Director
COMPENSATION
CHF134K
AGE
47
TENURE
8.6 yrs

Martin Hirzel

TITLE
Independent Director
COMPENSATION
CHF95K
AGE
49
TENURE
1.6 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 Bucher Industries'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. Bucher Industries 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.

BUCN News

Simply Wall St News

Do Institutions Own Bucher Industries AG (VTX:BUCN) Shares?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of CHF2.9b, Bucher Industries is a decent size, so it is probably on the radar of institutional investors. … View our latest analysis for Bucher Industries SWX:BUCN Ownership Summary, August 30th 2019 What Does The Institutional Ownership Tell Us About Bucher Industries? … We can see that Bucher Industries does have institutional investors; and they hold 23% of the stock.

Simply Wall St -

Bucher Industries AG (VTX:BUCN) Is Yielding 2.8% - But Is It A Buy?

For the purpose of this article, we only scrutinise the last decade of Bucher Industries's dividend payments. … Bucher Industries's dividend payments have fluctuated, so it hasn't grown 5.9% every year, but the CAGR is a useful rule of thumb for approximating the historical growth. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to see if earnings per share (EPS) are growing. Why take the risk of a dividend getting cut, unless there's a good chance of bigger dividends in future? Bucher Industries's EPS are effectively flat over the past five years. Over the long term, steady earnings per share is a risk as the value of the dividends can be reduced by inflation. A payout ratio below 50% leaves ample room to reinvest in the business, and provides finanical flexibility. However, earnings per share are unfortunately not growing much. Might this suggest that the company should pay a higher dividend instead? Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Does Bucher Industries AG's (VTX:BUCN) CEO Pay Reflect Performance?

In 2016 Jacques Sanche was appointed CEO of Bucher Industries AG (VTX:BUCN). … See our latest analysis for Bucher Industries How Does Jacques Sanche's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Bucher Industries AG has a market cap of CHF2.8b, and is paying total annual CEO compensation of CHF1.9m.

Simply Wall St -

Are Investors Undervaluing Bucher Industries AG (VTX:BUCN) By 22%?

Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (CHF, Millions) CHF203.3m CHF188.7m CHF230.0m CHF255.0m CHF273.5m CHF290.1m CHF305.3m CHF319.5m CHF333.0m CHF346.1m Growth Rate Estimate Source Analyst x3 Analyst x1 Analyst x1 Analyst x1 Est @ 7.26% Est @ 6.07% Est @ 5.23% Est @ 4.64% Est @ 4.23% Est @ 3.95% Present Value (CHF, Millions) Discounted @ 9.83% CHF185.1 CHF156.4 CHF173.6 CHF175.3 CHF171.2 CHF165.3 CHF158.4 CHF150.9 CHF143.2 CHF135.6 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= CHF1.6b 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. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 9.8%. … SWX:BUCN Intrinsic value, August 9th 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 -

Should You Care About Bucher Industries AG’s (VTX:BUCN) Investment Potential?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Bucher Industries: 0.15 = CHF277m ÷ (CHF2.8b - CHF919m) (Based on the trailing twelve months to December 2018.) So, Bucher Industries has an ROCE of 15%. … Do Bucher Industries's Current Liabilities Skew Its ROCE? … What We Can Learn From Bucher Industries's ROCE Bucher Industries's ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

What Should We Expect From Bucher Industries AG's (VTX:BUCN) Earnings In The Next Couple Of Years?

In March 2019, Bucher Industries AG (VTX:BUCN) announced its latest earnings update, which indicated that the company benefited from a robust tailwind, eventuating to a double-digit earnings growth of 24%. … Below is a brief commentary on my key takeaways on how market analysts predict Bucher Industries's earnings growth outlook over the next few years and whether the future looks even brighter than the past. … View our latest analysis for Bucher Industries Market analysts' consensus outlook for this coming year seems rather muted, with earnings rising by a single digit 0.9%.

Simply Wall St -

Did Bucher Industries AG (VTX:BUCN) Use Debt To Deliver Its ROE Of 14%?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bucher Industries: 14% = CHF212m ÷ CHF1.5b (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … The Importance Of Debt To Return On Equity Companies usually need to invest money to grow their profits. … Combining Bucher Industries's Debt And Its 14% Return On Equity Bucher Industries has a debt to equity ratio of 0.19, which is far from excessive.

Simply Wall St -

Does Bucher Industries AG's (VTX:BUCN) P/E Ratio Signal A Buying Opportunity?

Looking at earnings over the last twelve months, Bucher Industries has a P/E ratio of 15.49. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Bucher Industries: P/E of 15.49 = CHF321.6 ÷ CHF20.77 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each CHF1 of company earnings.

Simply Wall St -

Why We Think Bucher Industries AG (VTX:BUCN) Could Be Worth Looking At

BUCN is a company with great financial health as well as a a great history of performance. … For those interested in understanding where the figures come from and want to see the analysis, read the full report on Bucher Industries here. … The intrinsic value infographic in our free research report helps visualize whether BUCN is currently mispriced by the market.

Simply Wall St -

What Does Bucher Industries AG's (VTX:BUCN) Share Price Indicate?

Bucher Industries AG (VTX:BUCN), which is in the machinery business, and is based in Switzerland, saw significant share price movement during recent months on the SWX, rising to highs of CHF360.2 and falling to the lows of CHF305.2. … Let’s take a look at Bucher Industries’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … If you are no longer interested in Bucher Industries, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

BUCN Company Info

Description

Bucher Industries AG develops, manufactures, and sells machinery, vehicles, and systems for use in harvesting, food producing and packaging, and roads and public spaces cleaning worldwide. The company’s Kuhn Group division supplies agricultural machinery for tillage, spraying, landscape maintenance, planting and seeding, fertilizing, hay and forage harvesting, and livestock bedding and feeding. Its Bucher Municipal division provides municipal vehicles, such as sweepers and winter maintenance equipment for cleaning and clearing snow from roads; and vehicles for refuse collection and cleaning sewers. The company’s Bucher Hydraulics division offers hydraulic systems, such as pumps, motors, valves, cylinders, power units, elevator drives, and control systems with integrated electronics. Its Bucher Emhart Glass division supplies glass-forming and inspection machinery, systems, components, spare parts, advice, and services for the glass container industry. The company’s Bucher Specials division offers machinery and equipment for winemaking; technologies and equipment for processing fruit juice, beer, and instant products; and systems for automation technology, as well as distributes tractors and specialized agricultural machinery. Bucher Industries AG is based in Niederweningen, Switzerland.

Details
Name: Bucher Industries AG
BUCN
Exchange: SWX
Founded:
CHF3,243,402,660
10,212,225
Website: http://www.bucherindustries.com
Address: Bucher Industries AG
Murzlenstrasse 80,
Niederweningen,
Zurich, 8166,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX BUCN Registered Shares SIX Swiss Exchange CH CHF 03. Jan 1994
OTCPK BCHH.F Registered Shares Pink Sheets LLC US USD 03. Jan 1994
DB BUHA Registered Shares Deutsche Boerse AG DE EUR 03. Jan 1994
LSE 0QQN Registered Shares London Stock Exchange GB CHF 03. Jan 1994
Number of employees
Current staff
Staff numbers
13,281
Bucher Industries employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:49
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/07/30
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.