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OC Oerlikon

SWX:OERL
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OERL
SWX
CHF4B
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

OC Oerlikon Corporation AG provides advanced materials, surface technologies, coating equipment, and services worldwide. The last earnings update was 104 days ago. More info.


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OERL Share Price and Events
7 Day Returns
0.1%
SWX:OERL
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
-3.1%
SWX:OERL
14.4%
CH Machinery
13.3%
CH Market
OERL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OC Oerlikon (OERL) 0.1% 10.5% 23.4% -3.1% 18.2% -9.4%
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
  • OERL underperformed the Machinery industry which returned 14.4% over the past year.
  • OERL underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
OERL
Industry
5yr Volatility vs Market

OERL Value

 Is OC Oerlikon 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 OC Oerlikon 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 OC Oerlikon.

SWX:OERL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:OERL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.078 (1 + (1- 18%) (10.11%))
1.112
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.112 * 5.96%)
9.9%

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

The calculations below outline how an intrinsic value for OC Oerlikon 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:OERL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 9.9%)
2020 177.74 Analyst x8 161.72
2021 213.84 Analyst x8 177.03
2022 295.00 Analyst x1 222.21
2023 300.00 Analyst x1 205.62
2024 306.20 Est @ 2.07% 190.95
2025 313.63 Est @ 2.43% 177.96
2026 322.04 Est @ 2.68% 166.26
2027 331.26 Est @ 2.86% 155.61
2028 341.14 Est @ 2.98% 145.81
2029 351.62 Est @ 3.07% 136.74
Present value of next 10 years cash flows CHF1,739.00
SWX:OERL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF351.62 × (1 + 3.28%) ÷ (9.9% – 3.28%)
CHF5,477.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF5,477.37 ÷ (1 + 9.9%)10
CHF2,130.13
SWX:OERL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF1,739.00 + CHF2,130.13
CHF3,869.13
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF3,869.13 / 338.82
CHF11.42
SWX:OERL Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF11.42
Current discount Discount to share price of CHF10.96
= -1 x (CHF10.96 - CHF11.42) / CHF11.42
4%

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

Current Discount
Amount off the current price OC Oerlikon is available for.
Intrinsic value
4%
Share price is CHF10.96 vs Future cash flow value of CHF11.42
Current Discount Checks
For OC Oerlikon to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • OC Oerlikon's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • OC Oerlikon'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 OC Oerlikon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OC Oerlikon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:OERL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF0.47
SWX:OERL Share Price ** SWX (2019-11-15) in CHF CHF10.96
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 OC Oerlikon.

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

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

= 10.96 ÷ 0.47

23.36x

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

  • OC Oerlikon is overvalued based on earnings compared to the CH Machinery industry average.
  • OC Oerlikon is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does OC Oerlikon's expected growth come at a high price?
Raw Data
SWX:OERL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
63.7%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:OERL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.36x ÷ 63.7%

0.37x

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

  • OC Oerlikon is good value based on expected growth next year.
Price based on value of assets
What value do investors place on OC Oerlikon's assets?
Raw Data
SWX:OERL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF5.52
SWX:OERL Share Price * SWX (2019-11-15) in CHF CHF10.96
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:OERL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 10.96 ÷ 5.52

1.99x

* Primary Listing of OC Oerlikon.

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

  • OC Oerlikon is good value based on assets compared to the CH Machinery industry average.
X
Value checks
We assess OC Oerlikon'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. OC Oerlikon 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.

OERL Future Performance

 How is OC Oerlikon expected to perform in the next 1 to 3 years based on estimates from 12 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
63.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OC Oerlikon expected to grow at an attractive rate?
  • OC Oerlikon's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • OC Oerlikon's earnings growth is expected to exceed the Switzerland market average.
  • OC Oerlikon's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:OERL Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:OERL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 63.7%
SWX:OERL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2.9%
Switzerland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.5%
Switzerland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SWX:OERL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:OERL Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,091 2
2022-12-31 2,848 3
2021-12-31 2,723 401 206 12
2020-12-31 2,687 381 181 12
2019-12-31 2,630 350 -41 11
2019-11-18
SWX:OERL Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 2,664 293 155
2019-03-31 2,637 396 161
2018-12-31 2,609 498 167
2018-06-30 2,421 561 151
2018-03-31 2,245 520 122
2017-12-31 2,068 478 92
2017-06-30 2,078 290 82
2017-03-31 2,205 292 82
2016-12-31 2,331 293 81

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OC Oerlikon's earnings are expected to grow significantly at over 20% yearly.
  • OC Oerlikon's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:OERL 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 12 Analyst Estimates (S&P Global) See Below

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

SWX:OERL Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.60 0.60 0.60 1.00
2021-12-31 0.56 0.67 0.49 7.00
2020-12-31 0.53 0.78 0.44 9.00
2019-12-31 -0.08 0.01 -0.12 5.00
2019-11-18
SWX:OERL Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 0.47
2019-03-31 0.48
2018-12-31 0.49
2018-06-30 0.44
2018-03-31 0.36
2017-12-31 0.27
2017-06-30 0.25
2017-03-31 0.24
2016-12-31 0.24

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

OERL Past Performance

  How has OC Oerlikon 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 OC Oerlikon'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.
  • OC Oerlikon's year on year earnings growth rate has been positive over the past 5 years.
  • OC Oerlikon's 1-year earnings growth is less than its 5-year average (2.6% vs 6%)
  • OC Oerlikon's earnings growth has not exceeded the CH Machinery industry average in the past year (2.6% vs 2.7%).
Earnings and Revenue History
OC Oerlikon'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 OC Oerlikon Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:OERL 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 2,664.00 155.00 456.00 124.00
2019-03-31 2,636.50 161.00 451.00 122.00
2018-12-31 2,609.00 167.00 446.00 120.00
2018-06-30 2,421.00 151.00 423.00 112.00
2018-03-31 2,244.50 121.50 410.00 106.50
2017-12-31 2,068.00 92.00 397.00 101.00
2017-06-30 2,078.00 82.00 382.00 98.00
2017-03-31 2,204.50 81.50 390.00 99.00
2016-12-31 2,331.00 81.00 398.00 100.00
2016-06-30 2,460.00 -472.00 402.00 103.00
2016-03-31 2,565.50 -438.50 395.50 103.50
2015-12-31 2,671.00 -405.00 389.00 104.00
2015-09-30 2,692.00 -109.00 382.00 102.50
2015-06-30 2,713.00 187.00 375.00 101.00
2015-03-31 2,769.00 202.50 379.00 102.00
2014-12-31 2,825.00 218.00 383.00 103.00
2014-09-30 2,765.50 239.50 563.50 150.00
2014-06-30 2,819.00 270.00 387.00 98.00
2014-03-31 2,794.50 260.00 382.00 98.50
2013-12-31 2,770.00 250.00 377.00 99.00
2013-09-30 3,113.50 218.50 419.50 119.50
2013-06-30 2,871.00 164.00 398.00 109.00
2013-03-31 2,888.50 189.50 394.50 108.00
2012-12-31 2,906.00 215.00 391.00 107.00

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

OERL Health

 How is OC Oerlikon'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 OC Oerlikon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OC Oerlikon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OC Oerlikon's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of OC Oerlikon'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 10.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from OC Oerlikon Company Filings, last reported 4 months ago.

SWX:OERL Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,812.00 155.00 756.00
2019-03-31 1,812.00 155.00 756.00
2018-12-31 2,022.00 456.00 894.00
2018-06-30 1,963.00 478.00 848.00
2018-03-31 1,963.00 478.00 848.00
2017-12-31 1,989.00 456.00 965.00
2017-06-30 1,794.00 460.00 783.00
2017-03-31 1,794.00 460.00 783.00
2016-12-31 1,840.00 461.00 869.00
2016-06-30 1,434.00 753.00 766.00
2016-03-31 1,434.00 753.00 766.00
2015-12-31 1,572.00 759.00 843.00
2015-09-30 1,572.00 759.00 843.00
2015-06-30 2,002.00 757.00 788.00
2015-03-31 2,002.00 757.00 788.00
2014-12-31 2,201.00 760.00 880.00
2014-09-30 2,201.00 760.00 880.00
2014-06-30 2,142.00 806.00 813.00
2014-03-31 2,142.00 806.00 813.00
2013-12-31 2,084.00 300.00 1,285.00
2013-09-30 2,084.00 300.00 1,285.00
2013-06-30 1,991.00 303.00 696.00
2013-03-31 1,991.00 303.00 696.00
2012-12-31 1,884.00 303.00 643.00
  • OC Oerlikon's level of debt (8.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (37.3% vs 8.6% today).
  • Debt is well covered by operating cash flow (189%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29.2x coverage).
X
Financial health checks
We assess OC Oerlikon'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. OC Oerlikon has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

OERL Dividends

 What is OC Oerlikon'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
3.19%
Current annual income from OC Oerlikon dividends. Estimated to be 3.46% next year.
If you bought CHF2,000 of OC Oerlikon 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?
  • OC Oerlikon's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.85%).
  • OC Oerlikon'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:OERL 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 12 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:OERL Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.40 1.00
2021-12-31 0.41 12.00
2020-12-31 0.37 12.00
2019-12-31 0.35 10.00
2019-11-18
SWX:OERL Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-05 0.350 3.196
2018-03-21 0.350 2.567
2017-03-21 0.300 2.127
2016-03-16 0.300 3.124
2015-03-23 0.300 2.897
2014-04-15 0.270 2.196
2013-04-30 0.250 1.964
2012-08-03 0.200 1.998
2012-03-05 0.200 2.496

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

  • Whilst dividend payments have been stable, OC Oerlikon has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but OC Oerlikon only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of OC Oerlikon'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 (1.6x coverage).
X
Income/ dividend checks
We assess OC Oerlikon'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 OC Oerlikon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OC Oerlikon has a total score of 3/6, see the detailed checks below.


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

OERL Management

 What is the CEO of OC Oerlikon'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
Roland Fischer
COMPENSATION CHF4,311,000
AGE 57
TENURE AS CEO 3.7 years
CEO Bio

Dr. Roland Fischer has been the Chief Executive Officer at OC Oerlikon Corporation AG since March 1, 2016. Dr. Fischer has been the Chief Executive Officer of Surface Solutions Segment at OC Oerlikon Corporation AG since August 2, 2016. Dr. Fischer served as the Chief Executive Officer of Fossil Power Generation Division of Energy Sector at Siemens Aktiengesellschaft from 2011 to January 31, 2015. He held various senior executive positions in the energy and the aviation & aerospace business, including seven years at Siemens AG and 18 years at MTU Aero Engines AG. Dr. Fischer holds a degree in Aeronautical Engineering from the University of Stuttgart, Germany and a PhD in Aeronautical Engineering from the University of Karlsruhe, Germany.

CEO Compensation
  • Roland's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Roland's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the OC Oerlikon management team in years:

3.1
Average Tenure
57
Average Age
  • The tenure for the OC Oerlikon management team is about average.
Management Team

Roland Fischer

TITLE
CEO & CEO of Surface Solutions Segment
COMPENSATION
CHF4M
AGE
57
TENURE
3.7 yrs

Jürg Fedier

TITLE
Chief Financial Officer
COMPENSATION
CHF3M
AGE
64
TENURE
10.8 yrs

Helmut Rudigier

TITLE
Chief Technology Officer
AGE
64
TENURE
2 yrs

Andreas Schwarzwälder

TITLE
Head of Group Communications

Anna Ryzhova

TITLE
Chief Human Resources Officer
AGE
40
TENURE
3.1 yrs

Georg Stausberg

TITLE
Chief Executive Officer of Manmade Fibers Segment
AGE
56

Philipp Müller

TITLE
Executive Officer
TENURE
0.1 yrs

Leng Wong

TITLE
Head of External Communications & Public Affairs
Board of Directors Tenure

Average tenure and age of the OC Oerlikon board of directors in years:

3.6
Average Tenure
56.5
Average Age
  • The tenure for the OC Oerlikon board of directors is about average.
Board of Directors

Michael Süss

TITLE
Chairman of the Board of Directors
COMPENSATION
CHF690K
AGE
56
TENURE
4.6 yrs

Gerhard Pegam

TITLE
Vice Chairman of the Board of Directors
COMPENSATION
CHF376K
AGE
57
TENURE
2.9 yrs

Werner Martienssen

TITLE
Chairman of Scientific Advisory Board

Geoffery Merszei

TITLE
Director
COMPENSATION
CHF297K
AGE
68
TENURE
2.6 yrs

Al Pisano

TITLE
Member of Scientific Advisory Board

Peter Chen

TITLE
Member of Scientific Advisory Board
AGE
59

Christian Brecher

TITLE
Member of Scientific Advisory Board

Georg Färber

TITLE
Member of Scientific Advisory Board

David Metzger

TITLE
Non-Executive Director
COMPENSATION
CHF278K
AGE
50
TENURE
3.6 yrs

Alexey Moskov

TITLE
Non-Executive Director
COMPENSATION
CHF278K
AGE
48
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess OC Oerlikon'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. OC Oerlikon 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.

OERL News

Simply Wall St News

When Should You Buy OC Oerlikon Corporation AG (VTX:OERL)?

A question to answer is whether OC Oerlikon's current trading price of CHF8.97 reflective of the actual value of the mid-cap? … My valuation model shows that the intrinsic value for the stock is CHF11.64, but it is currently trading at CHF8.97 on the share market, meaning that there is still an opportunity to buy now. … This is because OC Oerlikon’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market.

Simply Wall St -

Looking At OC Oerlikon Corporation AG (VTX:OERL) From All Angles

OERL appears to have made good use of debt, producing operating cash levels of 1.89x total debt in the prior year. … SWX:OERL Historical Debt, August 18th 2019 OERL is considered one of the top dividend payers in the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments. … SWX:OERL Historical Dividend Yield, August 18th 2019 Next Steps: For OC Oerlikon, I've compiled three relevant aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for OERL’s future growth?

Simply Wall St -

Why We’re Not Keen On OC Oerlikon Corporation AG’s (VTX:OERL) 6.4% Return On Capital

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE) ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. … 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 OC Oerlikon: 0.064 = CHF175m ÷ (CHF3.8b - CHF1.0b) (Based on the trailing twelve months to June 2019.) Therefore, OC Oerlikon has an ROCE of 6.4%.

Simply Wall St -

Is OC Oerlikon (VTX:OERL) Using Too Much Debt?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … SWX:OERL Historical Debt, July 22nd 2019 A Look At OC Oerlikon's Liabilities We can see from the most recent balance sheet that OC Oerlikon had liabilities of CHF1.78b falling due within a year, and liabilities of CHF743.0m due beyond that. … While OC Oerlikon has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance.

Simply Wall St -

Don't Sell OC Oerlikon Corporation AG (VTX:OERL) Before You Read This

We'll look at OC Oerlikon Corporation AG's (VTX:OERL) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for OC Oerlikon: P/E of 22.35 = CHF11 ÷ CHF0.49 (Based on the year to December 2018.) Is A High P/E Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings.

Simply Wall St -

What Did OC Oerlikon Corporation AG's (VTX:OERL) CEO Take Home Last Year?

View our latest analysis for OC Oerlikon How Does Roland Fischer's Compensation Compare With Similar Sized Companies? … It would therefore appear that OC Oerlikon Corporation AG pays Roland Fischer more than the median CEO remuneration at companies of a similar size, in the same market. … We examined the amount OC Oerlikon Corporation AG pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Here's Why I Think OC Oerlikon (VTX:OERL) Is An Interesting Stock

Check out our latest analysis for OC Oerlikon OC Oerlikon's Improving Profits In the last three years OC Oerlikon's earnings per share took off like a rocket; fast, and from a low base. … OC Oerlikon maintained stable EBIT margins over the last year, all while growing revenue 26% to CHF2.6b. … OC Oerlikon's earnings per share growth has been so hot recently that thinking about it is making me blush.

Simply Wall St -

Does OC Oerlikon (VTX:OERL) Deserve A Spot On Your Watchlist?

Check out our latest analysis for OC Oerlikon OC Oerlikon's Improving Profits In the last three years OC Oerlikon's earnings per share took off like a rocket; fast, and from a low base. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. … OC Oerlikon's earnings per share have taken off like a rocket aimed right at the moon.

Simply Wall St -

Imagine Owning OC Oerlikon (VTX:OERL) And Wondering If The 34% Share Price Slide Is Justified

Unfortunately the OC Oerlikon Corporation AG (VTX:OERL) share price slid 34% over twelve months. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the unfortunate twelve months during which the OC Oerlikon share price fell, it actually saw its earnings per share (EPS) improve by 82%.

Simply Wall St -

A Closer Look At OC Oerlikon Corporation AG's (VTX:OERL) Uninspiring ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for OC Oerlikon: 8.5% = CHF167m ÷ CHF2.0b (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 OC Oerlikon Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

OERL Company Info

Description

OC Oerlikon Corporation AG provides advanced materials, surface technologies, coating equipment, and services worldwide. The company operates through Surface Solutions and Manmade Fibers segments. The Surface Solutions segment supplies PVD coatings and other surface technologies for precision components, as well as metalworking and plastics processing tools under the Oerlikon Balzers brand; coating solutions, materials, and equipment for enhancing surfaces under the Oerlikon Metco brand name; and industrial additive manufacturing solutions under the Oerlikon AM brand. The Manmade Fibers segment offers filament spinning and winding systems; texturing machines; and bulked continuous filament carpet yarn, staple fiber spinning, and nonwovens and polycondensation solutions. It also provides manufacturing equipment and polycondensation plant design and project management, engineering, consulting, and digital solutions. The company serves aerospace, automotive, energy, tooling, general industries, additive manufacturing, manmade fibers, and medical markets. OC Oerlikon Corporation AG was founded in 1906 and is headquartered in Pfäffikon, Switzerland.

Details
Name: OC Oerlikon Corporation AG
OERL
Exchange: SWX
Founded: 1906
CHF3,699,872,663
338,816,178
Website: http://www.oerlikon.com
Address: OC Oerlikon Corporation AG
Churerstrasse 120,
Pfäffikon,
Zurich, 8808,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX OERL Registered Shares SIX Swiss Exchange CH CHF 17. Jun 1993
OTCPK OERL.F Registered Shares Pink Sheets LLC US USD 17. Jun 1993
DB OBH Registered Shares Deutsche Boerse AG DE EUR 17. Jun 1993
LSE 0QO3 Registered Shares London Stock Exchange GB CHF 17. Jun 1993
OTCPK OERL.Y UNSPONSORD ADR Pink Sheets LLC US USD 10. Dec 2008
Number of employees
Current staff
Staff numbers
11,020
OC Oerlikon 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: 2019/11/08
Last earnings filing: 2019/08/06
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.