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Feintool International Holding

SWX:FTON
Snowflake Description

Very undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FTON
SWX
CHF293M
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

Feintool International Holding AG, together with its subsidiaries, provides fineblanked, formed steel components, and stamped electro sheet metal products worldwide. The last earnings update was 111 days ago. More info.


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FTON Share Price and Events
7 Day Returns
-1%
SWX:FTON
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
-26.8%
SWX:FTON
14.4%
CH Machinery
13.3%
CH Market
FTON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Feintool International Holding (FTON) -1% 3.6% 1.7% -26.8% -44.8% -33.7%
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
  • FTON underperformed the Machinery industry which returned 14.4% over the past year.
  • FTON underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
FTON
Industry
5yr Volatility vs Market

Value

 Is Feintool International 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 Feintool International 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 Feintool International Holding.

SWX:FTON 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 12.1%
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:FTON
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%) (71.33%))
1.475
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.475 * 5.96%)
12.07%

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

The calculations below outline how an intrinsic value for Feintool International 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:FTON DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 12.07%)
2020 22.00 Analyst x1 19.63
2021 37.60 Analyst x1 29.94
2022 50.65 Est @ 34.72% 35.99
2023 63.46 Est @ 25.28% 40.23
2024 75.31 Est @ 18.68% 42.61
2025 85.90 Est @ 14.06% 43.37
2026 95.20 Est @ 10.82% 42.89
2027 103.35 Est @ 8.56% 41.54
2028 110.56 Est @ 6.97% 39.66
2029 117.04 Est @ 5.86% 37.46
Present value of next 10 years cash flows CHF373.00
SWX:FTON DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF117.04 × (1 + 3.28%) ÷ (12.07% – 3.28%)
CHF1,374.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF1,374.89 ÷ (1 + 12.07%)10
CHF440.06
SWX:FTON Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF373.00 + CHF440.06
CHF813.06
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF813.06 / 4.90
CHF166.01
SWX:FTON Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF166.01
Current discount Discount to share price of CHF60.00
= -1 x (CHF60.00 - CHF166.01) / CHF166.01
63.9%

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

Current Discount
Amount off the current price Feintool International Holding is available for.
Intrinsic value
>50%
Share price is CHF60 vs Future cash flow value of CHF166.01
Current Discount Checks
For Feintool International Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Feintool International Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Feintool International Holding's share price is below the future cash flow value, and 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 Feintool International Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Feintool International Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:FTON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF3.79
SWX:FTON Share Price ** SWX (2019-11-15) in CHF CHF60
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 Feintool International Holding.

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

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

= 60 ÷ 3.79

15.82x

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

  • Feintool International Holding is good value based on earnings compared to the CH Machinery industry average.
  • Feintool International Holding is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Feintool International Holding's expected growth come at a high price?
Raw Data
SWX:FTON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
26.7%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:FTON PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.82x ÷ 26.7%

0.59x

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

  • Feintool International Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Feintool International Holding's assets?
Raw Data
SWX:FTON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF62.64
SWX:FTON Share Price * SWX (2019-11-15) in CHF CHF60
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:FTON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 60 ÷ 62.64

0.96x

* Primary Listing of Feintool International Holding.

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

  • Feintool International Holding is good value based on assets compared to the CH Machinery industry average.
X
Value checks
We assess Feintool International 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 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. Feintool International Holding has a total score of 6/6, 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.

Future Performance

 How is Feintool International Holding 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
26.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Feintool International Holding expected to grow at an attractive rate?
  • Feintool International Holding's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Feintool International Holding's earnings growth is expected to exceed the Switzerland market average.
  • Feintool International Holding's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:FTON Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:FTON Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 26.7%
SWX:FTON Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.2%
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:FTON 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:FTON Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 675 74 26 4
2020-12-31 651 68 19 4
2019-12-31 650 51 13 4
2019-11-18
SWX:FTON Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 674 58 18
2019-03-31 677 62 24
2018-12-31 680 66 30
2018-09-30 666 62 31
2018-06-30 653 58 31
2018-03-31 633 48 29
2017-12-31 612 38 28
2017-09-30 591 47 30
2017-06-30 571 55 32
2017-03-31 561 65 32
2016-12-31 552 74 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Feintool International Holding's earnings are expected to grow significantly at over 20% yearly.
  • Feintool International Holding's revenue is expected to grow by 1.2% 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:FTON 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 Feintool International Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:FTON Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.33 6.22 4.50 3.00
2020-12-31 3.95 4.46 3.58 3.00
2019-12-31 2.66 3.00 2.31 3.00
2019-11-18
SWX:FTON Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 3.79
2019-03-31 5.18
2018-12-31 6.63
2018-09-30 6.74
2018-06-30 6.86
2018-03-31 6.54
2017-12-31 6.22
2017-09-30 6.72
2017-06-30 7.21
2017-03-31 7.21
2016-12-31 7.20

*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.
  • Feintool International Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Feintool International 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 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.
Feintool International 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.

Past Performance

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

SWX:FTON Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 674.15 18.28 205.73
2019-03-31 676.85 24.38 202.91
2018-12-31 679.55 30.48 200.08
2018-09-30 666.17 30.53 197.42
2018-06-30 652.79 30.59 194.75
2018-03-31 632.56 29.16 190.00
2017-12-31 612.33 27.74 185.24
2017-09-30 591.43 29.96 177.09
2017-06-30 570.53 32.19 168.94
2017-03-31 561.39 32.12 166.52
2016-12-31 552.24 32.06 164.09
2016-06-30 543.75 26.56 163.10
2016-03-31 526.34 23.32 158.55
2015-12-31 508.94 20.08 154.00
2015-06-30 502.20 20.08 151.45
2015-03-31 502.81 22.35 150.19
2014-12-31 503.42 24.63 148.94
2014-06-30 475.21 23.21 144.88
2014-03-31 445.14 18.41 142.68
2013-12-31 435.67 14.83 140.56
2013-09-30 447.03 12.73 154.96
2013-06-30 436.24 8.50 150.44
2013-03-31 441.16 8.97 94.76
2012-12-31 426.98 11.35 138.81

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

Health

 How is Feintool International 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 Feintool International Holding's finances.

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

SWX:FTON Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 307.27 167.79 34.16
2019-03-31 307.27 167.79 34.16
2018-12-31 320.76 147.05 30.87
2018-09-30 320.76 147.05 30.87
2018-06-30 266.93 154.83 37.30
2018-03-31 266.93 154.83 37.30
2017-12-31 255.22 112.43 52.38
2017-09-30 255.22 112.43 52.38
2017-06-30 230.00 131.33 47.56
2017-03-31 230.00 131.33 47.56
2016-12-31 229.93 88.34 92.75
2016-06-30 203.91 44.67 24.55
2016-03-31 203.91 44.67 24.55
2015-12-31 207.87 29.87 31.55
2015-06-30 184.68 47.62 22.01
2015-03-31 184.68 47.62 22.01
2014-12-31 202.88 30.85 41.72
2014-06-30 187.57 68.65 21.50
2014-03-31 187.57 68.65 21.50
2013-12-31 183.81 42.05 28.61
2013-09-30 183.81 42.05 28.61
2013-06-30 169.50 85.37 22.09
2013-03-31 137.15 110.02 16.11
2012-12-31 136.76 84.29 25.39
  • Feintool International Holding's level of debt (54.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (22.5% vs 54.6% today).
  • Debt is well covered by operating cash flow (34.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.1x coverage).
X
Financial health checks
We assess Feintool International 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. Feintool International Holding 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.

Dividends

 What is Feintool International 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
3.33%
Current annual income from Feintool International Holding dividends. Estimated to be 2.21% next year.
If you bought CHF2,000 of Feintool International Holding shares you are expected to receive CHF67 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?
  • Feintool International Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.85%).
  • Feintool International Holding'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:FTON 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:FTON Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.64 4.00
2020-12-31 1.34 4.00
2019-12-31 0.65 2.00
2019-11-18
SWX:FTON Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-04 2.000 3.144
2018-03-06 2.000 2.044
2017-03-08 2.000 1.679
2016-04-19 1.500 1.394
2015-03-02 1.500 1.686
2014-03-03 1.200 1.342
2013-03-04 1.000 1.467
2013-01-15 1.000 1.821
2011-11-29 0.800 1.318
2010-05-21 0.000 0.000
2009-11-30 0.000 0.000
2009-01-20 1.300 3.245

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 Feintool International Holding'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 (3.4x coverage).
X
Income/ dividend checks
We assess Feintool International Holding'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 Feintool International Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Feintool International Holding 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.

Management

 What is the CEO of Feintool International 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
Knut Zimmer
AGE 56
TENURE AS CEO 1.8 years
CEO Bio

Mr. Knut Zimmer has been Chief Executive Officer and Head of System Parts segment at Feintool International Holding AG since January 01, 2018 and its Head of Business Unit System Parts Europe since August 01, 2017 and served as its Head of System Parts Forming - Europe since 2012 until August 2, 2017. He served as General Manager of Herzing + Schroth GmbH u. Co. KG from 2012 to 2017. He served as Commercial Executive at EuroPower Energy GmbH / EON since 1999. He served as Commercial Executive at Nord. Maschinenbau GmbH u. Co. KG from 1997 to 1999. He served as Head of Controlling at Müller-Weingarten AG from 1983 to 1997. He is graduate in Business Administration from Stuttgart Industrial Administrator.

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

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

2.3
Average Tenure
63
Average Age
  • The tenure for the Feintool International Holding management team is about average.
Management Team

Thomas Bögli

TITLE
Chief Financial Officer
COMPENSATION
CHF586K
AGE
63
TENURE
10.1 yrs

Knut Zimmer

TITLE
CEO, Head of System Parts segment & Head of Business Unit System Parts Europe
AGE
56
TENURE
1.8 yrs

Fritz Boesch

TITLE
Founder & Honorary Chairman
COMPENSATION
CHF75K
AGE
85

Karin Labhart

TITLE
Chief Communications Officer
TENURE
1.8 yrs

Horst Linzbach

TITLE
Chief Sales Officer

Christoph Trachsler

TITLE
Head of System Parts USA
AGE
59

Marcel Pernici

TITLE
Head of System Parts Asia

Markus Schaltegger

TITLE
Head of Segment Fineblanking Technology
TENURE
2.8 yrs

Richard Surico

TITLE
President of Feintool US Operations
AGE
71
Board of Directors Tenure

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

8.1
Average Tenure
63
Average Age
  • The tenure for the Feintool International Holding board of directors is about average.
Board of Directors

Alexander von Witzleben

TITLE
Chairman
COMPENSATION
CHF778K
AGE
56
TENURE
10.8 yrs

Michael Soormann

TITLE
Deputy Chairman
COMPENSATION
CHF135K
AGE
61
TENURE
8.4 yrs

Fritz Boesch

TITLE
Founder & Honorary Chairman
COMPENSATION
CHF75K
AGE
85
TENURE
10.8 yrs

Heinz Loosli

TITLE
Non-Executive Director
COMPENSATION
CHF53K
AGE
65
TENURE
2.8 yrs

Thomas Erb

TITLE
Non-Executive Director
COMPENSATION
CHF56K
AGE
74
TENURE
7.8 yrs

Norbert Indlekofer

TITLE
Non Executive Director
AGE
61
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 Feintool International 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. Feintool International 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.

News

Simply Wall St News

Does Market Volatility Impact Feintool International Holding AG's (VTX:FTON) Share Price?

Anyone researching Feintool International Holding AG (VTX:FTON) might want to consider the historical volatility of the share price. … If this beta value holds true in the future, Feintool International Holding shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Since Feintool International Holding tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Is Feintool International Holding AG (VTX:FTON) Trading At A 23% Discount?

Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported 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) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (CHF, Millions) CHF37.7m CHF36.1m CHF35.4m CHF35.2m CHF35.4m CHF35.9m CHF36.7m CHF37.5m CHF38.5m CHF39.6m Growth Rate Estimate Source Analyst x1 Analyst x1 Est @ -2.05% Est @ -0.46% Est @ 0.66% Est @ 1.45% Est @ 2% Est @ 2.38% Est @ 2.65% Est @ 2.84% Present Value (CHF, Millions) Discounted @ 11.59% CHF33.8 CHF29.0 CHF25.4 CHF22.7 CHF20.5 CHF18.6 CHF17.0 CHF15.6 CHF14.4 CHF13.2 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= CHF210.2m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … SWX:FTON Intrinsic value, August 21st 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 -

Feintool International Holding AG (VTX:FTON): Will The Growth Last?

Based on Feintool International Holding AG's (VTX:FTON) earnings update in December 2018, the consensus outlook from analysts appear somewhat bearish, with profits predicted to rise by 2.7% next year against the higher past 5-year average growth rate of 11%. … In this article, I've outline a few earnings growth rates to give you a sense of the market sentiment for Feintool International Holding in the longer term. … Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of Feintool International Holding?

Simply Wall St -

Feintool International Holding AG (VTX:FTON) Delivered A Weaker ROE Than Its Industry

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Feintool International Holding: 9.5% = CHF30m ÷ CHF321m (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. … Does Feintool International Holding Have A Good ROE? … Combining Feintool International Holding's Debt And Its 9.5% Return On Equity Feintool International Holding has a debt to equity ratio of 0.57, which is far from excessive.

Simply Wall St -

Does Feintool International Holding AG's (VTX:FTON) 9.9% Earnings Growth Reflect The Long-Term Trend?

Examining Feintool International Holding AG's (VTX:FTON) past track record of performance is an insightful exercise for investors. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 11%, indicating the rate at which FTON is growing has slowed down. … I recommend you continue to research Feintool International Holding to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for FTON’s future growth?

Simply Wall St -

Feintool International Holding (VTX:FTON) Has A Somewhat Strained Balance Sheet

SWX:FTON Historical Debt, July 22nd 2019 How Strong Is Feintool International Holding's Balance Sheet? … Since Feintool International Holding does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … Our View We'd go so far as to say Feintool International Holding's conversion of EBIT to free cash flow was disappointing.

Simply Wall St -

The Feintool International Holding (VTX:FTON) Share Price Is Down 35% So Some Shareholders Are Getting Worried

For example, the Feintool International Holding AG (VTX:FTON) share price is down 35% in the last year. … During the unfortunate twelve months during which the Feintool International Holding share price fell, it actually saw its earnings per share (EPS) improve by 6.6%. … Dividends have been really beneficial for Feintool International Holding shareholders, and that cash payout explains why its total shareholder loss of 33%, over the last year, isn't as bad as the share price return.

Simply Wall St -

Do Insiders Own Lots Of Shares In Feintool International Holding AG (VTX:FTON)?

View our latest analysis for Feintool International Holding SWX:FTON Ownership Summary, June 20th 2019 What Does The Institutional Ownership Tell Us About Feintool International Holding? … Insider Ownership Of Feintool International Holding The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … Private Company Ownership We can see that Private Companies own 8.2%, of the shares on issue.

Simply Wall St -

At CHF66.60, Is Feintool International Holding AG (VTX:FTON) Worth Looking At Closely?

Feintool International Holding AG (VTX:FTON), 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 CHF79.9 and falling to the lows of CHF65. … According to my valuation model, Feintool International Holding seems to be fairly priced at around 11% below my intrinsic value, which means if you buy Feintool International Holding today, you’d be paying a reasonable price for it. … Given that Feintool International Holding’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on.

Simply Wall St -

Here's What Feintool International Holding AG's (VTX:FTON) P/E Ratio Is Telling Us

See our latest analysis for Feintool International Holding How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Feintool International Holding: P/E of 9.8 = CHF65 ÷ CHF6.63 (Based on the year to December 2018.) Is A High P/E Ratio Good? … The Verdict On Feintool International Holding's P/E Ratio Feintool International Holding has a P/E of 9.8.

Simply Wall St -

Company Info

Description

Feintool International Holding AG, together with its subsidiaries, provides fineblanked, formed steel components, and stamped electro sheet metal products worldwide. It operates through two segments, System Parts and Fineblanking Technology. The System Parts segment develops, produces, and sells high-precision system components and assemblies using fineblanking and forming technology, as well as electronic sheet stamping; and production-specific tools to third-party customers. The Fineblanking Technology segment develops, manufactures, and sells presses, tools, peripheral systems, and various related services. It provides its products for use in automobile industry, such as engine, chassis, transmission, safety systems, and seat mechanisms applications, as well as for application in mechanical engineering, electrical industry, tools and household, and medical technology. The company was founded in 1959 and is headquartered in Lyss, Switzerland. Feintool International Holding AG is a subsidiary of Artemis Beteiligungen I AG.

Details
Name: Feintool International Holding AG
FTON
Exchange: SWX
Founded: 1959
CHF292,882,519
4,897,701
Website: http://www.feintool.com
Address: Feintool International Holding AG
Industriering 8,
Lyss,
Bern, 3250,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX FTON Registered Shares SIX Swiss Exchange CH CHF 17. Aug 1998
DB FTO Registered Shares Deutsche Boerse AG DE EUR 17. Aug 1998
LSE 0QLM Registered Shares London Stock Exchange GB CHF 17. Aug 1998
Number of employees
Current staff
Staff numbers
2,725
Feintool International Holding 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: 2019/07/30
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.