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Komax Holding

SWX:KOMN
Snowflake Description

Reasonable growth potential with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KOMN
SWX
CHF826M
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

Komax Holding AG, together with its subsidiaries, engages in the automated wire processing business. The last earnings update was 97 days ago. More info.


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KOMN Share Price and Events
7 Day Returns
-1.9%
SWX:KOMN
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
-18.4%
SWX:KOMN
14.4%
CH Machinery
13.3%
CH Market
KOMN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Komax Holding (KOMN) -1.9% 3% 24.4% -18.4% -12% 53.3%
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
  • KOMN underperformed the Machinery industry which returned 14.4% over the past year.
  • KOMN underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
KOMN
Industry
5yr Volatility vs Market

KOMN Value

 Is Komax 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 Komax 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 Komax Holding.

SWX:KOMN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
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:KOMN
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%) (14.49%))
1.138
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.138 * 5.96%)
10.06%

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

The calculations below outline how an intrinsic value for Komax 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:KOMN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 10.06%)
2020 33.10 Analyst x3 30.07
2021 32.03 Analyst x4 26.44
2022 56.70 Analyst x1 42.53
2023 68.80 Est @ 21.34% 46.89
2024 79.75 Est @ 15.92% 49.38
2025 89.42 Est @ 12.13% 50.31
2026 97.89 Est @ 9.47% 50.04
2027 105.34 Est @ 7.61% 48.93
2028 111.99 Est @ 6.31% 47.26
2029 118.03 Est @ 5.4% 45.26
Present value of next 10 years cash flows CHF437.00
SWX:KOMN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF118.03 × (1 + 3.28%) ÷ (10.06% – 3.28%)
CHF1,796.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF1,796.70 ÷ (1 + 10.06%)10
CHF688.96
SWX:KOMN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF437.00 + CHF688.96
CHF1,125.96
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF1,125.96 / 3.84
CHF293.17
SWX:KOMN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF293.17
Current discount Discount to share price of CHF217.20
= -1 x (CHF217.20 - CHF293.17) / CHF293.17
25.9%

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

Current Discount
Amount off the current price Komax Holding is available for.
Intrinsic value
26%
Share price is CHF217.2 vs Future cash flow value of CHF293.17
Current Discount Checks
For Komax Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Komax Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Komax Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Komax Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Komax Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:KOMN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF8.90
SWX:KOMN Share Price ** SWX (2019-11-15) in CHF CHF217.2
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 Komax Holding.

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

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

= 217.2 ÷ 8.90

24.4x

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

  • Komax Holding is overvalued based on earnings compared to the CH Machinery industry average.
  • Komax Holding is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Komax Holding's expected growth come at a high price?
Raw Data
SWX:KOMN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
31.1%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:KOMN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.4x ÷ 31.1%

0.78x

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

  • Komax Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Komax Holding's assets?
Raw Data
SWX:KOMN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF67.01
SWX:KOMN Share Price * SWX (2019-11-15) in CHF CHF217.2
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:KOMN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 217.2 ÷ 67.01

3.24x

* Primary Listing of Komax Holding.

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

  • Komax Holding is overvalued based on assets compared to the CH Machinery industry average.
X
Value checks
We assess Komax 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. Komax Holding 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.

KOMN Future Performance

 How is Komax Holding expected to perform in the next 1 to 3 years based on estimates from 7 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
31.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Komax Holding expected to grow at an attractive rate?
  • Komax Holding's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Komax Holding's earnings growth is expected to exceed the Switzerland market average.
  • Komax Holding's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:KOMN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:KOMN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 31.1%
SWX:KOMN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 7.2%
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:KOMN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:KOMN Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 575 1
2022-12-31 525 1
2021-12-31 501 57 55 7
2020-12-31 461 53 42 7
2019-12-31 423 64 26 6
2019-11-18
SWX:KOMN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 445 49 34
2019-03-31 462 39 43
2018-12-31 478 30 52
2018-09-30 464 29 52
2018-06-30 449 28 52
2018-03-31 429 28 47
2017-12-31 408 27 42
2017-09-30 398 26 38
2017-06-30 389 25 34
2017-03-31 390 31 37
2016-12-31 391 37 39
2016-09-30 377 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Komax Holding's earnings are expected to grow significantly at over 20% yearly.
  • Komax Holding's revenue is expected to grow by 7.2% 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:KOMN 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 7 Analyst Estimates (S&P Global) See Below

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

SWX:KOMN 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 14.35 15.80 12.81 7.00
2020-12-31 11.22 12.58 9.38 7.00
2019-12-31 6.79 7.06 6.31 5.00
2019-11-18
SWX:KOMN Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 8.90
2019-03-31 11.21
2018-12-31 13.52
2018-09-30 13.54
2018-06-30 13.56
2018-03-31 12.31
2017-12-31 11.05
2017-09-30 10.08
2017-06-30 9.11
2017-03-31 9.72
2016-12-31 10.34
2016-09-30 11.05

*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.
  • Komax Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Komax 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.
Komax Holding has a total score of 4/6, 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.

KOMN Past Performance

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

SWX:KOMN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 445.01 34.16 176.06
2019-03-31 461.63 42.98 175.16
2018-12-31 478.26 51.79 174.26
2018-09-30 463.82 51.79 167.87
2018-06-30 449.39 51.80 161.48
2018-03-31 428.74 46.95 156.57
2017-12-31 408.10 42.10 151.65
2017-09-30 398.50 38.26 149.25
2017-06-30 388.90 34.42 146.86
2017-03-31 389.99 36.56 146.33
2016-12-31 391.09 38.70 145.81
2016-09-30 377.42 41.07 136.87
2016-06-30 363.76 43.44 127.93
2016-03-31 339.31 39.77 123.30
2015-12-31 314.86 36.11 118.66
2015-06-30 339.01 37.68 125.65
2015-03-31 351.06 40.36 129.60
2014-12-31 363.12 43.05 133.56
2014-06-30 337.46 36.44 125.16
2014-03-31 330.63 35.87 121.58
2013-12-31 323.80 35.30 118.00
2013-09-30 317.76 24.96 121.58
2013-06-30 303.74 20.59 120.53
2013-03-31 295.87 15.07 120.45
2012-12-31 288.00 9.56 120.38

*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.
  • Komax Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Komax Holding used its assets more efficiently than the CH Machinery industry average last year based on Return on Assets.
  • Komax Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Komax 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.
Komax Holding has a total score of 2/6, 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.

KOMN Health

 How is Komax 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 Komax Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Komax Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Komax Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Komax 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 2.4x 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 Komax Holding Company Filings, last reported 4 months ago.

SWX:KOMN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 257.20 119.67 48.60
2019-03-31 257.20 119.67 48.60
2018-12-31 281.64 90.34 50.98
2018-09-30 281.64 90.34 50.98
2018-06-30 261.95 89.39 60.94
2018-03-31 261.95 89.39 60.94
2017-12-31 258.18 69.86 59.31
2017-09-30 258.18 69.86 59.31
2017-06-30 239.35 59.84 57.59
2017-03-31 239.35 59.84 57.59
2016-12-31 246.17 31.52 48.53
2016-09-30 246.17 31.52 48.53
2016-06-30 286.87 40.76 56.90
2016-03-31 286.87 40.76 56.90
2015-12-31 283.13 16.52 50.88
2015-06-30 268.10 33.12 50.84
2015-03-31 268.10 33.12 50.84
2014-12-31 286.17 23.67 52.88
2014-06-30 263.89 31.22 51.99
2014-03-31 263.89 31.22 51.99
2013-12-31 264.65 29.59 52.20
2013-09-30 264.65 29.59 52.20
2013-06-30 252.26 35.20 47.47
2013-03-31 252.26 35.20 47.47
2012-12-31 237.01 56.77 57.70
  • Komax Holding's level of debt (46.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.8% vs 46.5% today).
  • Debt is well covered by operating cash flow (41%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 34.6x coverage).
X
Financial health checks
We assess Komax 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. Komax 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.

KOMN Dividends

 What is Komax 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
3.22%
Current annual income from Komax Holding dividends. Estimated to be 2.66% next year.
If you bought CHF2,000 of Komax Holding shares you are expected to receive CHF64 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?
  • Komax Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.85%).
  • Komax 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:KOMN 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 7 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:KOMN Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 7.30 7.00
2020-12-31 5.79 7.00
2019-12-31 4.23 7.00
2019-11-18
SWX:KOMN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-14 7.000 3.408
2018-03-20 6.500 2.392
2017-03-21 6.500 2.291
2016-03-30 6.000 2.585
2015-03-24 5.000 2.835
2014-03-26 4.500 3.193
2013-03-19 2.000 1.746
2012-03-09 4.000 5.325
2011-03-22 2.000 2.496
2010-08-24 0.000 0.000
2010-03-24 0.000 0.000
2010-03-01 0.000 0.000
2009-03-02 2.000 3.158

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 Komax Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Komax 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 Komax Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Komax 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.

KOMN Management

 What is the CEO of Komax 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
Matijas Meyer
COMPENSATION CHF985,494
AGE 49
TENURE AS CEO 4.5 years
CEO Bio

Mr. Matijas Meyer has been the Chief Executive Officer of Komax Holding AG since May 11, 2015. Mr. Meyer served as the Head of Wire Business Unit at Komax Holding AG from November 2010 to May 8, 2015. He joined Komax in 2007 and served as Head of Komax's subsidiary in Rousset, France. He served at Tornos SA and Unaxis/ESEC. Mr. Meyer holds a Degree in Electrical Engineering from ETH Zurich and completed his MBA studies at Cranfield University in the UK.

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

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

0.8
Average Tenure
48
Average Age
  • The average tenure for the Komax Holding management team is less than 2 years, this suggests a new team.
Management Team

Matijas Meyer

TITLE
Chief Executive Officer
COMPENSATION
CHF985K
AGE
49
TENURE
4.5 yrs

Andreas Wolfisberg

TITLE
Chief Financial Officer
AGE
61
TENURE
23.8 yrs

Roger Müller

TITLE
Vice President of Investor Relations & Corporate Communications

Marc Schürmann

TITLE
Executive Vice President
AGE
48
TENURE
0.8 yrs

Marcus Setterberg

TITLE
Executive Vice President
AGE
41
TENURE
0.8 yrs

Günther Silberbauer

TITLE
Executive Vice President
AGE
48
TENURE
0.8 yrs
Board of Directors Tenure

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

3.5
Average Tenure
58.5
Average Age
  • The tenure for the Komax Holding board of directors is about average.
Board of Directors

Beat Kälin

TITLE
Independent Chairman of the board
COMPENSATION
CHF297K
AGE
62
TENURE
4.5 yrs

David Dean

TITLE
Independent Vice-Chairman of the Board
COMPENSATION
CHF132K
AGE
60
TENURE
0.8 yrs

Kurt Haerri

TITLE
Non-Executive & Independent Director
COMPENSATION
CHF124K
AGE
57
TENURE
7.5 yrs

Roland Siegwart

TITLE
Non-Executive & Independent Director
COMPENSATION
CHF129K
AGE
60
TENURE
6.5 yrs

Andreas Häberli

TITLE
Independent Director
COMPENSATION
CHF127K
AGE
51
TENURE
2.5 yrs

Mariel Hoch

TITLE
Independent Director
AGE
46
TENURE
0.6 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 Komax 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. Komax 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.

KOMN News

Simply Wall St News

Is Komax Holding AG (VTX:KOMN) Undervalued After Accounting For Its Future Growth?

Komax Holding is poised for significantly high earnings growth in the near future. … However, seeing as Komax Holding is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … A PE ratio of 20.92x and expected year-on-year earnings growth of 29% give Komax Holding a very low PEG ratio of 0.73x.

Simply Wall St -

Interested In Komax Holding AG (VTX:KOMN)? Here's What Its Recent Performance Looks Like

Assessing Komax Holding AG's (VTX:KOMN) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Komax Holding is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its machinery industry peers. … See our latest analysis for Komax Holding Commentary On KOMN's Past Performance KOMN's trailing twelve-month earnings (from 31 December 2018) of CHF52m has jumped 23% compared to the previous year.

Simply Wall St -

Komax Holding (VTX:KOMN) Has A Pretty Healthy Balance Sheet

We note that Komax Holding AG (VTX:KOMN) does have debt on its balance sheet. … SWX:KOMN Historical Debt, August 2nd 2019 A Look At Komax Holding's Liabilities According to the last reported balance sheet, Komax Holding had liabilities of CHF84.6m due within 12 months, and liabilities of CHF96.7m due beyond 12 months. … Over the last three years, Komax Holding reported free cash flow worth 4.4% of its EBIT, which is really quite low.

Simply Wall St -

What Are Analysts Expecting From Komax Holding AG (VTX:KOMN) Over The Next Year?

In December 2018, Komax Holding AG (VTX:KOMN) released its earnings update. … Check out our latest analysis for Komax Holding How is Komax Holding going to perform in the near future? … SWX:KOMN Past and Future Earnings, July 25th 2019 From the current net income level of CHF52m and the final forecast of CHF61m by 2022, the annual rate of growth for KOMN’s earnings is 6.0%.

Simply Wall St -

Should You Be Excited About Komax Holding AG's (VTX:KOMN) 18% Return On Equity?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Komax Holding: 18% = CHF52m ÷ CHF282m (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 Komax Holding Have A Good Return On Equity? … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

These Factors Make Komax Holding AG (VTX:KOMN) An Interesting Investment

For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Komax Holding here. … SWX:KOMN Historical Dividend Yield, July 9th 2019 Next Steps: For Komax Holding, I've put together three pertinent aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for KOMN’s future growth? … The intrinsic value infographic in our free research report helps visualize whether KOMN is currently mispriced by the market.

Simply Wall St -

How Much Of Komax Holding AG (VTX:KOMN) Do Insiders Own?

Check out our latest analysis for Komax Holding SWX:KOMN Ownership Summary, July 2nd 2019 What Does The Institutional Ownership Tell Us About Komax Holding? … We can see that Komax Holding does have institutional investors; and they hold 33% of the stock. … Insider Ownership Of Komax Holding The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

What Can We Make Of Komax Holding AG’s (VTX:KOMN) High Return On Capital?

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 Komax Holding: 0.17 = CHF66m ÷ (CHF463m - CHF85m) (Based on the trailing twelve months to December 2018.) Therefore, Komax Holding has an ROCE of 17%. … Check out our latest analysis for Komax Holding Is Komax Holding's ROCE Good? … How Komax Holding's Current Liabilities Impact Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less.

Simply Wall St -

A Look At The Intrinsic Value Of Komax Holding AG (VTX:KOMN)

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, 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) CHF-10.03 CHF42.13 CHF42.03 CHF54.10 CHF58.90 CHF62.98 CHF66.66 CHF70.04 CHF73.21 CHF76.25 Growth Rate Estimate Source Analyst x4 Analyst x4 Analyst x4 Analyst x1 Analyst x1 Est @ 6.93% Est @ 5.84% Est @ 5.07% Est @ 4.53% Est @ 4.15% Present Value (CHF, Millions) Discounted @ 9.88% CHF-9.12 CHF34.89 CHF31.68 CHF37.11 CHF36.77 CHF35.78 CHF34.46 CHF32.95 CHF31.35 CHF29.71 Present Value of 10-year Cash Flow (PVCF)= CHF295.58m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … SWX:KOMN Intrinsic value, June 24th 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 -

Did You Miss Komax Holding's (VTX:KOMN) 42% Share Price Gain?

To wit, the Komax Holding share price has climbed 42% in five years, easily topping the market return of 12% (ignoring dividends). … Over half a decade, Komax Holding managed to grow its earnings per share at 5.8% a year. … We note that for Komax Holding the TSR over the last 5 years was 62%, which is better than the share price return mentioned above.

Simply Wall St -

KOMN Company Info

Description

Komax Holding AG, together with its subsidiaries, engages in the automated wire processing business. The company offers electrical, rotary, and coaxial wire strippers, as well as rotary jacket strippers; wire crimpers for semiautomatic machines; cutting and stripping machines; crimp to crimp wire processing machines for processing single conductors and double-crimp connections; wire twisting machines; and harness manufacturing machines for automatic block loading and wire harness manufacturing. It also provides wire handling machines for preliminary wire processing; marking systems; process modules for economical production; quality tools; software solutions for automatic crimping machines; and a range of accessories. In addition, the company offers stripping crimping, and shield preparation and taping machines; flexible benchtop crimping platform for individual processing; flexible platform for specific customers; automated rotary table for time saving in double-sided processing; customer-specific platforms; and test systems. Further, it provides digital services; consulting and installation services comprising inspection, production analysis, feasibility testing, installation, and acceptance testing services; and technical support and maintenance services, including helpdesk, production and ramp-up support, emergency planning, relocation, repair, and service and maintenance contracting services, as well as spare and wear parts. Additionally, the company offers upgrades and calibration services; and online and onsite training services. It serves automotive, aerospace, datacom/telecom, and industrial market segments. The company operates in Switzerland and rest of Europe, North and South America, Africa, and the Asia Pacific. It primarily operates under the TSK and Komax brand names. Komax Holding AG was founded in 1975 and is headquartered in Dierikon, Switzerland.

Details
Name: Komax Holding AG
KOMN
Exchange: SWX
Founded: 1975
CHF825,749,855
3,840,697
Website: http://www.komaxgroup.com
Address: Komax Holding AG
Industriestrasse 6,
Dierikon,
Lucerne, 6036,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX KOMN Registered Shares SIX Swiss Exchange CH CHF 12. Jun 1997
OTCPK KMAA.F Registered Shares Pink Sheets LLC US USD 12. Jun 1997
DB KR8 Registered Shares Deutsche Boerse AG DE EUR 12. Jun 1997
LSE 0QKL Registered Shares London Stock Exchange GB CHF 12. Jun 1997
Number of employees
Current staff
Staff numbers
2,006
Komax Holding employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:43
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/08/13
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.