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SFS Group

SWX:SFSN
Snowflake Description

Flawless balance sheet with acceptable track record.

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

SFS Group AG manufactures and distributes mechanical fastening systems and precision formed components primarily in North America, Europe, and Asia. The last earnings update was 122 days ago. More info.


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  • SFS Group has significant price volatility in the past 3 months.
SFSN Share Price and Events
7 Day Returns
0.2%
SWX:SFSN
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
-1.3%
SWX:SFSN
14.4%
CH Machinery
13.3%
CH Market
SFSN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SFS Group (SFSN) 0.2% 13.1% 33.1% -1.3% 18.5% 38.9%
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
  • SFSN underperformed the Machinery industry which returned 14.4% over the past year.
  • SFSN underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
SFSN
Industry
5yr Volatility vs Market

Value

 Is SFS 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 SFS 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 SFS Group.

SWX:SFSN 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 9.7%
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:SFSN
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%) (5.21%))
1.083
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.083 * 5.96%)
9.73%

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

The calculations below outline how an intrinsic value for SFS 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:SFSN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 9.73%)
2020 145.18 Analyst x4 132.30
2021 159.88 Analyst x4 132.77
2022 194.25 Analyst x2 147.02
2023 226.00 Analyst x1 155.87
2024 250.23 Est @ 10.72% 157.28
2025 271.46 Est @ 8.49% 155.49
2026 290.25 Est @ 6.92% 151.51
2027 307.17 Est @ 5.83% 146.12
2028 322.72 Est @ 5.06% 139.90
2029 337.32 Est @ 4.53% 133.27
Present value of next 10 years cash flows CHF1,451.00
SWX:SFSN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF337.32 × (1 + 3.28%) ÷ (9.73% – 3.28%)
CHF5,395.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF5,395.33 ÷ (1 + 9.73%)10
CHF2,131.51
SWX:SFSN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF1,451.00 + CHF2,131.51
CHF3,582.51
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF3,582.51 / 37.50
CHF95.53
SWX:SFSN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF95.53
Current discount Discount to share price of CHF93.65
= -1 x (CHF93.65 - CHF95.53) / CHF95.53
2%

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

Current Discount
Amount off the current price SFS Group is available for.
Intrinsic value
2%
Share price is CHF93.65 vs Future cash flow value of CHF95.53
Current Discount Checks
For SFS Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SFS Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • SFS Group'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 SFS Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SFS Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:SFSN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF5.12
SWX:SFSN Share Price ** SWX (2019-11-18) in CHF CHF93.65
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 SFS Group.

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

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

= 93.65 ÷ 5.12

18.29x

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

  • SFS Group is good value based on earnings compared to the CH Machinery industry average.
  • SFS Group is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does SFS Group's expected growth come at a high price?
Raw Data
SWX:SFSN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
5.2%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:SFSN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.29x ÷ 5.2%

3.55x

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

  • SFS Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SFS Group's assets?
Raw Data
SWX:SFSN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF29.77
SWX:SFSN Share Price * SWX (2019-11-18) in CHF CHF93.65
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:SFSN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 93.65 ÷ 29.77

3.15x

* Primary Listing of SFS Group.

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

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

Future Performance

 How is SFS Group 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
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SFS Group expected to grow at an attractive rate?
  • SFS Group's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • SFS Group's earnings growth is positive but not above the Switzerland market average.
  • SFS Group's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:SFSN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:SFSN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 5.2%
SWX:SFSN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.1%
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:SFSN 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:SFSN Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,953 344 1
2022-12-31 2,015 315 228 2
2021-12-31 1,944 285 209 7
2020-12-31 1,868 268 199 7
2019-12-31 1,805 252 188 7
2019-11-18
SWX:SFSN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 1,773 264 192
2019-03-31 1,763 264 192
2018-12-31 1,753 264 193
2018-09-30 1,738 256 190
2018-06-30 1,722 249 187
2018-03-31 1,685 238 173
2017-12-31 1,647 227 159
2017-09-30 1,597 228 149
2017-06-30 1,548 229 139
2017-03-31 1,498 236 132
2016-12-31 1,449 243 125
2016-09-30 1,423 236 122

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SFS Group's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • SFS Group's revenue is expected to grow by 3.1% 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:SFSN 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 SFS Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:SFSN 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 5.65 6.43 4.56 7.00
2020-12-31 5.32 6.32 4.41 7.00
2019-12-31 4.93 5.95 4.42 7.00
2019-11-18
SWX:SFSN Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 5.12
2019-03-31 5.13
2018-12-31 5.14
2018-09-30 5.06
2018-06-30 4.99
2018-03-31 4.61
2017-12-31 4.24
2017-09-30 3.97
2017-06-30 3.69
2017-03-31 3.51
2016-12-31 3.32
2016-09-30 3.25

*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.
  • SFS Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SFS 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.
SFS Group has a total score of 1/6, 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 SFS 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 SFS 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.
  • SFS Group's year on year earnings growth rate has been positive over the past 5 years.
  • SFS Group's 1-year earnings growth is less than its 5-year average (2.7% vs 16.4%)
  • SFS Group's earnings growth has not exceeded the CH Machinery industry average in the past year (2.7% vs 2.7%).
Earnings and Revenue History
SFS 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 SFS Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:SFSN 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 1,773.00 192.00 555.80
2019-03-31 1,763.15 192.40 544.90
2018-12-31 1,753.30 192.80 534.00
2018-09-30 1,737.70 189.90 523.10
2018-06-30 1,722.10 187.00 512.20
2018-03-31 1,684.65 173.05 502.30
2017-12-31 1,647.20 159.10 492.40
2017-09-30 1,597.40 148.80 472.30
2017-06-30 1,547.60 138.50 452.20
2017-03-31 1,498.20 131.55 436.60
2016-12-31 1,448.80 124.60 421.00
2016-09-30 1,422.55 122.05 414.05
2016-06-30 1,396.30 119.50 407.10
2016-03-31 1,384.05 111.80 403.60
2015-12-31 1,371.80 104.10 400.10
2015-09-30 1,386.05 99.95 402.35
2015-06-30 1,400.30 95.80 404.60
2015-03-31 1,391.05 102.85 400.25
2014-12-31 1,381.80 109.90 395.90
2014-09-30 1,347.70 102.50 390.20
2014-06-30 1,313.60 95.10 384.50
2014-03-31 1,322.00 90.80 383.30
2013-12-31 1,330.40 86.50 382.10
2012-12-31 1,191.50 73.50 342.30

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SFS Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SFS Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SFS 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 4.6x 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 SFS Group Company Filings, last reported 4 months ago.

SWX:SFSN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,139.20 183.10 131.20
2019-03-31 1,139.20 183.10 131.20
2018-12-31 1,204.60 70.60 129.70
2018-09-30 1,204.60 70.60 129.70
2018-06-30 1,103.90 133.40 133.00
2018-03-31 1,103.90 133.40 133.00
2017-12-31 1,087.00 78.10 112.80
2017-09-30 1,087.00 78.10 112.80
2017-06-30 1,816.50 151.70 120.30
2017-03-31 1,816.50 151.70 120.30
2016-12-31 987.80 163.30 163.80
2016-09-30 987.80 163.30 163.80
2016-06-30 1,733.50 23.30 127.20
2016-03-31 1,733.50 23.30 127.20
2015-12-31 1,792.60 29.50 157.00
2015-09-30 1,792.60 29.50 157.00
2015-06-30 1,671.10 71.80 121.20
2015-03-31 1,671.10 71.80 121.20
2014-12-31 1,805.00 50.60 138.30
2014-09-30 1,805.00 50.60 138.30
2014-06-30 1,650.50 363.80 422.80
2014-03-31 1,650.50 363.80 422.80
2013-12-31 1,336.40 466.40 217.70
2012-12-31 1,256.20 597.40 173.20
  • SFS Group's level of debt (16.1%) 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 (21.8% vs 16.1% today).
  • Debt is well covered by operating cash flow (144.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 164.4x coverage).
X
Financial health checks
We assess SFS 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. SFS Group 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.

Dividends

 What is SFS 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
2.14%
Current annual income from SFS Group dividends. Estimated to be 2.55% next year.
If you bought CHF2,000 of SFS Group shares you are expected to receive CHF43 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?
  • SFS Group's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.85%).
  • SFS Group'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:SFSN 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:SFSN Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.58 7.00
2020-12-31 2.40 7.00
2019-12-31 2.18 7.00
2019-11-18
SWX:SFSN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-08 2.000 2.443
2018-03-09 1.900 1.887
2017-03-10 1.750 1.595
2016-03-16 1.500 1.972
2015-03-05 1.500 2.236

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

  • Whilst dividend payments have been stable, SFS Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but SFS Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of SFS Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess SFS 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 SFS Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SFS Group 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.

Management

 What is the CEO of SFS 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
Jens Breu
COMPENSATION CHF1,185,802
AGE 47
TENURE AS CEO 3.8 years
CEO Bio

Mr. Jens Breu has been the Chief Executive Officer of SFS Group AG since January 1, 2016 and serves as its Chairman of the Executive Board. Mr. Breu has been the Chief Operating Officer at SFS intec AG since January 1, 2014. He served as the Chief Operating Officer of SFS Group AG from January 1, 2014 to January 1, 2016. He served as a Vice President of Manufacturing of SFS intec, Inc. Mr. Breu serves as Director of Dätwyler Holding Inc. since March 12, 2019. He holds Dipl.-Ing. (FH) Mechanical Engineer and an MBA from Cleveland State University.

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

Average tenure and age of the SFS Group management team in years:

3.8
Average Tenure
58
Average Age
  • The tenure for the SFS Group management team is about average.
Management Team

Jens Breu

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
CHF1M
AGE
47
TENURE
3.8 yrs

Rolf Frei

TITLE
CFO, Member of Executive Board & CEO of SFS Services AG
AGE
61
TENURE
15.9 yrs

Josef Zünd

TITLE
Head of Segment Distribution & Logistics & Member of Group Executive Board
AGE
64

Thomas Bamberger

TITLE
Head of Division Riveting & Member of Group Executive Board
AGE
58

Arthur Blank

TITLE
Head of Division Construction & Member of Group Executive Board
AGE
60

Walter Kobler

TITLE
Head of Division Industrial & Member of Executive Board
AGE
56

George Poh

TITLE
Head of Division Electronics & Member of Group Executive Board
AGE
56

Alfred Schneider

TITLE
Head of Division Automotive & Member of Group Executive Board
AGE
60

Claude Stadler

TITLE
Member of the Group Executive Board & Head of Corporate Services

J. King

TITLE
Head of Division Medical & Member of Group Executive Board
AGE
54
TENURE
2.9 yrs
Board of Directors Tenure

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

5.8
Average Tenure
57
Average Age
  • The tenure for the SFS Group board of directors is about average.
Board of Directors

Heinrich Spoerry

TITLE
Chairman
COMPENSATION
CHF440K
AGE
68
TENURE
20.5 yrs

Hans Huber

TITLE
Honorary Chairmain
AGE
92
TENURE
20.8 yrs

Urs Kaufmann

TITLE
Lead Director
COMPENSATION
CHF157K
AGE
57
TENURE
5.8 yrs

Thomas Oetterli

TITLE
Independent External Director
COMPENSATION
CHF157K
AGE
50
TENURE
8.8 yrs

Jörg Walther

TITLE
Independent External Director
COMPENSATION
CHF157K
AGE
58
TENURE
5.6 yrs

Nick Huber

TITLE
External Director
COMPENSATION
CHF156K
AGE
55
TENURE
2.6 yrs

Bettina Stadler

TITLE
Non Executive Director
COMPENSATION
CHF157K
AGE
52
TENURE
2.6 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 SFS 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. SFS 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

Could SFS Group AG's (VTX:SFSN) Investor Composition Influence The Stock Price?

Generally speaking, as a company grows, institutions will increase their ownership. … See our latest analysis for SFS Group SWX:SFSN Ownership Summary, September 2nd 2019 What Does The Institutional Ownership Tell Us About SFS Group? … Private Company Ownership We can see that Private Companies own 3.4%, of the shares on issue.

Simply Wall St -

A Close Look At SFS Group AG’s (VTX:SFSN) 17% ROCE

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for SFS Group: 0.17 = CHF230m ÷ (CHF1.6b - CHF295m) (Based on the trailing twelve months to June 2019.) Therefore, SFS Group has an ROCE of 17%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Our Take On SFS Group's ROCE This is good to see, and with a sound ROCE, SFS Group could be worth a closer look.

Simply Wall St -

Here's What SFS Group AG's (VTX:SFSN) P/E Ratio Is Telling Us

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for SFS Group: P/E of 14.95 = CHF76.55 ÷ CHF5.12 (Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? … And as that P/E ratio drops, the company will look cheap, unless its share price increases. … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.

Simply Wall St -

SFS Group (VTX:SFSN) Has A Pretty Healthy Balance Sheet

We note that SFS Group AG (VTX:SFSN) does have debt on its balance sheet. … When analysing debt levels, the balance sheet is the obvious place to start. … This free cash flow puts the company in a good position to pay down debt, when appropriate.

Simply Wall St -

Is SFS Group AG (VTX:SFSN) Worth CHF77.60 Based On Its Intrinsic Value?

Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (CHF, Millions) CHF155.1m CHF173.2m CHF226.0m CHF197.0m CHF180.0m CHF170.9m CHF166.6m CHF165.2m CHF165.9m CHF168.0m Growth Rate Estimate Source Analyst x4 Analyst x3 Analyst x1 Analyst x1 Est @ -8.62% Est @ -5.05% Est @ -2.55% Est @ -0.81% Est @ 0.42% Est @ 1.28% Present Value (CHF, Millions) Discounted @ 9.66% CHF141.5 CHF144.1 CHF171.4 CHF136.2 CHF113.5 CHF98.3 CHF87.3 CHF79.0 CHF72.3 CHF66.8 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= CHF1.1b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … SWX:SFSN Intrinsic value, July 17th 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 -

Want To Invest In SFS Group AG (VTX:SFSN)? Here's How It Performed Lately

Today I will take a look at SFS Group AG's (VTX:SFSN) most recent earnings update (31 December 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the machinery industry performed. … Check out our latest analysis for SFS Group Commentary On SFSN's Past Performance SFSN's trailing twelve-month earnings (from 31 December 2018) of CHF193m has jumped 21% compared to the previous year. … You should continue to research SFS Group to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for SFSN’s future growth?

Simply Wall St -

Should You Investigate SFS Group AG (VTX:SFSN) At CHF83.60?

Given that SFS Group’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … SFSN’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value.

Simply Wall St -

Should You Worry About SFS Group AG's (VTX:SFSN) CEO Salary Level?

See our latest analysis for SFS Group How Does Jens Breu's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that SFS Group AG has a market cap of CHF3.1b, and is paying total annual CEO compensation of CHF1.2m. … We examined companies with market caps from CHF1.9b to CHF6.2b, and discovered that the median CEO total compensation of that group was CHF1.5m.

Simply Wall St -

What Are Analysts Saying About SFS Group AG's (VTX:SFSN) Future?

Investors may find it useful to understand how market analysts view SFS Group's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for SFS Group Market analysts' consensus outlook for the coming year seems pessimistic, with earnings decreasing by -2.7%. … SWX:SFSN Past and Future Earnings, June 26th 2019 Even though it is helpful to be aware of the rate of growth year by year relative to today’s value, it may be more beneficial to analyze the rate at which the business is rising or falling on average every year.

Simply Wall St -

SFS Group AG (VTX:SFSN): Earnings To Drop Next Year

After SFS Group AG's (VTX:SFSN) recent earnings announcement in December 2018, analyst consensus outlook seem pessimistic, with profits predicted to drop by 2.6% next year against the past 5-year average growth rate of 16%. … To understand the overall trajectory of SFSN's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … SWX:SFSN Past and Future Earnings, June 19th 2019 This results in an annual growth rate of 4.5% based on the most recent earnings level of CHF193m to the final forecast of CHF213m by 2022.

Simply Wall St -

Company Info

Description

SFS Group AG manufactures and distributes mechanical fastening systems and precision formed components primarily in North America, Europe, and Asia. The company operates in three segments: Engineered Components, Fastening Systems, and Distribution & Logistics. The Engineered Components segment develops, manufactures, and supplies precision formed components, mechanical fastening systems, and assemblies for automotive, electrical and electronics, aerospace, industrial, medical, and other special applications under the SFS intec, Unisteel, and Tegra Medical brands. The Fastening Systems segment provides proprietary mechanical fastening solutions, such as application-specific fastening systems, and hinge technology and assembly systems under the SFS intec brand name; and other fastening systems, including blind rivets, blind rivet nuts, and related installation tools under the GESIPA brand for the construction, building materials, and automotive industries. The Distribution & Logistics segment offers a range of products in the areas of fastening technology, tools, and architectural hardware, as well as logistics solutions under the SFS unimarket brand. It operates through a network of 28 HandwerkStadt retail stores, as well as online. This segment serves manufacturers, the skilled trades, construction companies, specialty retailers, wholesalers, and hardware and home improvement stores. SFS Group AG was founded in 1928 and is headquartered in Heerbrugg, Switzerland.

Details
Name: SFS Group AG
SFSN
Exchange: SWX
Founded: 1928
CHF3,511,875,000
37,500,000
Website: http://www.sfs.biz
Address: SFS Group AG
Rosenbergsaustrasse 8,
Heerbrugg,
St. Gallen, 9435,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX SFSN Registered Shares SIX Swiss Exchange CH CHF 06. May 2014
OTCPK SFSL.F Registered Shares Pink Sheets LLC US USD 06. May 2014
DB 021 Registered Shares Deutsche Boerse AG DE EUR 06. May 2014
LSE 0QW8 Registered Shares London Stock Exchange GB CHF 06. May 2014
Number of employees
Current staff
Staff numbers
10,759
SFS Group employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:48
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/07/19
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.