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Meier Tobler Group

SWX:MTG
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MTG
SWX
CHF170M
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

Meier Tobler Group AG manufactures and sells heating and air conditioning systems worldwide. The last earnings update was 90 days ago. More info.


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MTG Share Price and Events
7 Day Returns
-2.5%
SWX:MTG
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
-18.5%
SWX:MTG
14.4%
CH Machinery
13.3%
CH Market
MTG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Meier Tobler Group (MTG) -2.5% -1.8% -10.2% -18.5% -60.6% -64.2%
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
  • MTG underperformed the Machinery industry which returned 14.4% over the past year.
  • MTG underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
MTG
Industry
5yr Volatility vs Market

Value

 Is Meier Tobler Group undervalued based on future cash flows and its price relative to the stock market?

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

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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Meier Tobler Group.

SWX:MTG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.4%
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:MTG
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%) (81.74%))
1.537
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.537 * 5.96%)
12.43%

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

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

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

SWX:MTG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 12.43%)
2020 21.68 Analyst x1 19.28
2021 14.36 Analyst x1 11.36
2022 10.74 Est @ -25.19% 7.56
2023 8.95 Est @ -16.65% 5.60
2024 8.00 Est @ -10.68% 4.45
2025 7.48 Est @ -6.49% 3.70
2026 7.21 Est @ -3.56% 3.18
2027 7.10 Est @ -1.51% 2.78
2028 7.10 Est @ -0.07% 2.47
2029 7.16 Est @ 0.93% 2.22
Present value of next 10 years cash flows CHF62.00
SWX:MTG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF7.16 × (1 + 3.28%) ÷ (12.43% – 3.28%)
CHF80.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF80.78 ÷ (1 + 12.43%)10
CHF25.02
SWX:MTG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF62.00 + CHF25.02
CHF87.02
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF87.02 / 12.00
CHF7.25
SWX:MTG Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF7.25
Current discount Discount to share price of CHF14.24
= -1 x (CHF14.24 - CHF7.25) / CHF7.25
-96.4%

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

  • The current share price of Meier Tobler Group 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 Meier Tobler Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Meier Tobler Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:MTG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF0.06
SWX:MTG Share Price ** SWX (2019-11-15) in CHF CHF14.24
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 Meier Tobler Group.

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

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

= 14.24 ÷ 0.06

230.53x

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

  • Meier Tobler Group is overvalued based on earnings compared to the CH Machinery industry average.
  • Meier Tobler Group is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Meier Tobler Group's expected growth come at a high price?
Raw Data
SWX:MTG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 230.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
74.6%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:MTG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 230.53x ÷ 74.6%

3.09x

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

  • Meier Tobler Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Meier Tobler Group's assets?
Raw Data
SWX:MTG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF9.49
SWX:MTG Share Price * SWX (2019-11-15) in CHF CHF14.24
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:MTG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 14.24 ÷ 9.49

1.5x

* Primary Listing of Meier Tobler Group.

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

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

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

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

Future Performance

 How is Meier Tobler Group expected to perform in the next 1 to 3 years based on estimates from 2 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
74.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Meier Tobler Group expected to grow at an attractive rate?
  • Meier Tobler Group's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Meier Tobler Group's earnings growth is expected to exceed the Switzerland market average.
  • Meier Tobler Group's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:MTG Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:MTG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 74.6%
SWX:MTG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 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:MTG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:MTG Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 539 1
2022-12-31 531 1
2021-12-31 531 30 15 2
2020-12-31 523 27 12 2
2019-12-31 513 -1 3 2
2019-11-18
SWX:MTG Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 513 9 1
2019-03-31 518 16 -1
2018-12-31 524 24 -4
2018-06-30 532 20 -5
2018-03-31 502 20 -4
2017-12-31 472 19 -2
2017-09-30 400 14 3
2017-06-30 317 9 9
2017-03-31 278 8 12
2016-12-31 240 7 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Meier Tobler Group's earnings are expected to grow significantly at over 20% yearly.
  • Meier Tobler Group'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:MTG 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 2 Analyst Estimates (S&P Global) See Below

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

SWX:MTG 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 1.22 1.67 0.77 2.00
2020-12-31 1.02 1.33 0.71 2.00
2019-12-31 0.28 0.44 0.13 2.00
2019-11-18
SWX:MTG Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 0.06
2019-03-31 -0.11
2018-12-31 -0.31
2018-06-30 -0.49
2018-03-31 -0.35
2017-12-31 -0.20
2017-09-30 0.29
2017-06-30 0.92
2017-03-31 1.40
2016-12-31 2.02

*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.
  • Meier Tobler Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Meier Tobler Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Meier Tobler Group 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 Meier Tobler Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Meier Tobler Group's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Meier Tobler Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Meier Tobler Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Meier Tobler Group has become profitable in the last year making it difficult to compare the CH Machinery industry average.
Earnings and Revenue History
Meier Tobler Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

SWX:MTG Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 513.22 0.83 144.82
2019-03-31 518.43 -1.44 145.63
2018-12-31 523.64 -3.71 146.43
2018-06-30 532.02 -5.28 145.08
2018-03-31 502.19 -3.72 139.08
2017-12-31 472.36 -2.16 133.09
2017-09-30 399.51 2.90 136.07
2017-06-30 316.76 8.87 117.62
2017-03-31 278.16 11.79 108.47
2016-12-31 239.57 14.72 99.32
2016-06-30 237.68 7.93 100.56
2016-03-31 239.19 7.68 100.68
2015-12-31 240.69 7.42 100.80
2015-06-30 230.82 11.99 96.50
2015-03-31 242.35 13.99 98.46
2014-12-31 253.88 15.99 100.41
2014-09-30 280.41 15.74 106.51
2014-06-30 306.93 15.49 112.61
2014-03-31 317.68 21.02 114.47
2013-12-31 328.44 26.56 116.33
2013-06-30 353.58 28.71 107.69 2.80
2013-03-31 447.99 31.16 128.79 4.55
2012-12-31 542.40 33.60 149.90 6.30

*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.
  • Meier Tobler Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Meier Tobler Group used its assets less efficiently than the CH Machinery industry average last year based on Return on Assets.
  • Meier Tobler Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Meier Tobler Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Meier Tobler Group has a total score of 0/6, see the detailed checks below.

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

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

Health

 How is Meier Tobler Group's financial health and their level of debt?

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

The boxes below represent the relative size of what makes up Meier Tobler Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Meier Tobler Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Meier Tobler Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Meier Tobler Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 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 Meier Tobler Group Company Filings, last reported 4 months ago.

SWX:MTG Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 141.47 112.43 5.87
2019-03-31 141.47 112.43 5.87
2018-12-31 141.17 113.91 35.50
2018-06-30 143.11 171.39 15.54
2018-03-31 143.11 171.39 15.54
2017-12-31 174.40 150.96 29.35
2017-09-30 174.40 150.96 29.35
2017-06-30 174.38 162.52 17.88
2017-03-31 174.38 162.52 17.88
2016-12-31 32.30 35.00 7.21
2016-06-30 20.35 45.00 4.58
2016-03-31 20.35 45.00 4.58
2015-12-31 32.17 11.00 4.35
2015-06-30 23.53 40.70 12.39
2015-03-31 23.53 40.70 12.39
2014-12-31 40.85 17.32 10.84
2014-09-30 40.85 17.32 10.84
2014-06-30 22.51 18.03 7.64
2014-03-31 22.51 18.03 7.64
2013-12-31 269.08 1.03 151.67
2013-06-30 158.30 78.60 33.10
2013-03-31 158.30 78.60 33.10
2012-12-31 142.20 76.60 46.40
  • Meier Tobler Group's level of debt (79.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (37% vs 79.5% today).
  • Debt is not well covered by operating cash flow (8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Meier Tobler Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Meier Tobler Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Meier Tobler Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Meier Tobler Group dividends. Estimated to be 2.63% next year.
If you bought CHF2,000 of Meier Tobler Group shares you are expected to receive CHF0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Meier Tobler Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Meier Tobler Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:MTG 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 2 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:MTG Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.50 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 2.00
2019-11-18
SWX:MTG Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-08-20 0.000 0.000
2019-02-21 0.000 0.000
2018-02-20 2.000 9.410
2017-02-21 2.000 4.748
2016-02-24 2.000 5.765
2015-02-24 2.500 6.616
2014-02-25 0.011 0.024
2013-02-26 2.500 4.529
2013-02-19 2.500 4.439
2012-02-23 2.500 5.644
2012-01-16 2.500 5.597
2011-02-15 2.500 5.711
2011-01-17 2.500 6.302
2010-01-04 0.000 0.000
2009-01-05 0.400 2.965

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

  • Unable to perform a dividend volatility check as Meier Tobler Group has not reported any payouts.
  • Unable to verify if Meier Tobler Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Meier Tobler Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Meier Tobler Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Meier Tobler Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Meier Tobler Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Meier Tobler Group has a total score of 0/6, 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 Meier Tobler Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Martin Kaufmann
COMPENSATION CHF614,000
CEO Bio

Mr. Martin Kaufmann serves as Chief Executive Officer of Meier Tobler Group AG. Mr. Kaufmann has been Member of the Management Board at Walter Meier AG since April 01, 2014 and serves as its Head of the Climate Technology Division. Mr. Kaufmann has been the Executive Head of The Group at Walter Meier AG since March 23, 2016. He served as the Head of Group Division for Climate Switzerland at Walter Meier AG. He served as a Managing Director at Oertli Service AG from 2004 to 2007. He served as a Head of the Services Division at Oertli Service AG from 2001 to 2004. He served as a Head of Finance and Controlling at Stäfa Wirz Ventilator AG from 1999 to 2000. He served as a Business Unit Controller at BU Telekommunikation Endgeräte. He holds a Degree in Business Economics.

CEO Compensation
  • Martin's compensation has increased in line with Meier Tobler Group recently becoming profitable.
  • Martin's remuneration is lower than average for companies of similar size in Switzerland.
Management Team

Martin Kaufmann

TITLE
Chief Executive Officer
COMPENSATION
CHF614K

Lukas Leuenberger

TITLE
Chief Financial Officer
AGE
47
TENURE
0.8 yrs

Patrik Forster

TITLE
Head of Sales and Marketing

Doris Güller

TITLE
Head of Human Resources

Oliver Zimmermann

TITLE
Head of Group Division - Humidification

Hans-Joachim Socher

TITLE
Head of Group Division - Climate Germany/Austria

Jan Ten Pas

TITLE
Head of the Central Services Department

Herbert Sohm

TITLE
Head of the Machine Tools Department

Ueli Grossenbacher

TITLE
Head of the Climate Control Department

Barbara Menet

TITLE
Head of the Personnel Department
Board of Directors Tenure

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

7.8
Average Tenure
54
Average Age
  • The tenure for the Meier Tobler Group board of directors is about average.
Board of Directors

Silvan Meier

TITLE
President of the Board
COMPENSATION
CHF362K
AGE
44
TENURE
7.8 yrs

Heinz Wiedmer

TITLE
Vice Chairman
COMPENSATION
CHF67K

Heinz Roth

TITLE
Director
COMPENSATION
CHF120K
AGE
65
TENURE
14.5 yrs

Alexander Zschokke

TITLE
Director
AGE
54
TENURE
0.8 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 Meier Tobler Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Meier Tobler Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Should Meier Tobler Group AG’s (VTX:MTG) Weak Investment Returns Worry You?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Could Meier Tobler Group AG's (VTX:MTG) Investor Composition Influence The Stock Price?

The big shareholder groups in Meier Tobler Group AG (VTX:MTG) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Meier Tobler Group is a smaller company with a market capitalization of CHF188m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

A Look At The Fair Value Of Meier Tobler Group AG (VTX:MTG)

I am going to run you through how I calculated the intrinsic value of Meier Tobler Group AG (VTX:MTG). … by taking the foreast future cash flows of the company and discounting them back to today's value. … If you are reading this and its not November 2018 then I highly recommend you check out the latest calculation for Meier Tobler Group by following the link below

Simply Wall St -

Meier Tobler Group AG (VTX:MTG): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Meier Tobler Group AG (VTX:MTG), with a market cap of CHF216m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Who Are The Largest Shareholders In Meier Tobler Group AG (VTX:MTG)?

In this article, I'm going to take a look at Meier Tobler Group AG’s (VTX:MTG) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine MTG's ownership structure in more detail.

Simply Wall St -

Meier Tobler Group AG (VTX:MTG) Is Trading At A 35.18% Discount

How far off is Meier Tobler Group AG (VTX:MTG) from its intrinsic value? … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

What You Must Know About Meier Tobler Group AG's (VTX:MTG) Financial Strength

Meier Tobler Group AG (VTX:MTG) is a small-cap stock with a market capitalization of CHF360.60m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Estimating The Fair Value Of Meier Tobler Group AG (VTX:MTG)

5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (CHF, Millions) CHF27.46 CHF30.64 CHF32.45 CHF32.36 CHF32.28 Source Analyst x1 Analyst x1 Analyst x1 Extrapolated @ (-0.25%) Extrapolated @ (-0.25%) Present Value Discounted @ 10.13% CHF24.93 CHF25.26 CHF24.29 CHF22.00 CHF19.93 Present Value of 5-year Cash Flow (PVCF)= CHF116 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = CHF32 × (1 + 0.1%) ÷ (10.1% – 0.1%) = CHF321 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = CHF321 / ( 1 + 10.1%)5 = CHF198 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is CHF314. … SWX:MTG Intrinsic Value May 23rd 18 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 -

Is Meier Tobler Group AG's (VTX:MTG) Balance Sheet A Threat To Its Future?

How does MTG’s operating cash flow stack up against its debt? … On top of this, MTG has produced CHF19.28M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 10.78%, signalling that MTG’s operating cash is not sufficient to cover its debt. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: MTG’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Was Meier Tobler Group AG's (VTX:MTG) Earnings Decline Part Of A Broader Industry Downturn?

Investors with a long-term horizong may find it valuable to assess Meier Tobler Group AG's (SWX:MTG) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … Check out our latest analysis for Meier Tobler Group Did MTG perform worse than its track record and industry? … For Meier Tobler Group, its latest earnings (trailing twelve month) is -CHF3.06M, which compared to the previous year's figure, has turned from positive to negative.

Simply Wall St -

Company Info

Description

Meier Tobler Group AG manufactures and sells heating and air conditioning systems worldwide. Its products include heat pumps, gas condensing boilers, exhaust systems, oil condensing boilers, solar systems, burner gas and oil, storage and water heaters, and district heating stations; and chillers, dry coolers, cooling towers, roof air-conditioning units, absorption chillers, precision air cabinets, and comfort air products. The company also provides small room fans, air heaters, and air curtains, as well as comfort ventilation and central vacuum products; and sanitary systems, such as fittings, installation systems, water heaters, fittings and pipe couplings, pumps, hoses and ventilation materials, sewage systems, and apparatus and fittings. In addition, it offers transmission line and heating cables, keller installations, control and measuring technology, heating circulation pumps, installation systems, floor and underfloor convectors, and installation materials, as well as compressor pressure maintenance services; underfloor heating radiators; chilled beams and fan coils; and labels and fixtures, insulation, and occupational safety consumables and tools. Further, Meier Tobler Group AG provides consulting, planning, construction, ventilation, and maintenance services for building services planners, installers, architects, and building owners. The company was formerly known as Walter Meier AG. The company was founded in 1937 and is based in Schwerzenbach, Switzerland.

Details
Name: Meier Tobler Group AG
MTG
Exchange: SWX
Founded: 1937
CHF170,160,000
12,000,000
Website: http://www.meiertobler.ch/de
Address: Meier Tobler Group AG
Bahnstrasse 24,
Schwerzenbach,
Zurich, 8603,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX MTG Registered Shares SIX Swiss Exchange CH CHF 02. Jan 1992
DB B4A1 Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0QQK Registered Shares London Stock Exchange GB CHF 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,316
Meier Tobler Group 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: 2019/08/27
Last earnings filing: 2019/08/20
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.