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Gurit Holding

SWX:GUR
Snowflake Description

Solid track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GUR
SWX
CHF520M
Market Cap
  1. Home
  2. CH
  3. Materials
Company description

Gurit Holding AG, together with its subsidiaries, develops, manufactures, and sells advanced composite materials, related technologies, and finished parts and components to small family enterprises and large multinational corporations in Switzerland and internationally. The last earnings update was 33 days ago. More info.


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  • Gurit Holding has significant price volatility in the past 3 months.
GUR Share Price and Events
7 Day Returns
2.3%
SWX:GUR
5.1%
CH Chemicals
10.7%
CH Market
1 Year Returns
20.1%
SWX:GUR
9.7%
CH Chemicals
-5.9%
CH Market
GUR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gurit Holding (GUR) 2.3% -19.4% -22.9% 20.1% 35.7% 177.6%
CH Chemicals 5.1% -4.1% -8.9% 9.7% 25.4% 42.3%
CH Market 10.7% -7.3% -13.9% -5.9% 2.6% -1.1%
1 Year Return vs Industry and Market
  • GUR outperformed the Chemicals industry which returned 9.7% over the past year.
  • GUR outperformed the Market in Switzerland which returned -5.9% over the past year.
Price Volatility
GUR
Industry
5yr Volatility vs Market

Value

 Is Gurit Holding undervalued based on future cash flows and its price relative to the stock market?

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

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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gurit Holding.

SWX:GUR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year CH Government Bond Rate -0.6%

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:GUR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate -0.6%
Equity Risk Premium S&P Global 5.4%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.818 (1 + (1- 18%) (18.82%))
0.962
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.55% + (0.962 * 5.44%)
4.69%

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

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

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

SWX:GUR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 4.69%)
2020 17.18 Analyst x2 16.41
2021 41.31 Analyst x2 37.70
2022 42.50 Analyst x1 37.05
2023 45.43 Analyst x1 37.83
2024 49.95 Analyst x1 39.73
2025 52.12 Est @ 4.34% 39.60
2026 53.62 Est @ 2.87% 38.91
2027 54.61 Est @ 1.85% 37.86
2028 55.22 Est @ 1.13% 36.57
2029 55.57 Est @ 0.62% 35.15
Present value of next 10 years cash flows CHF356.00
SWX:GUR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF55.57 × (1 + -0.55%) ÷ (4.69% – -0.55%)
CHF1,055.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF1,055.56 ÷ (1 + 4.69%)10
CHF667.77
SWX:GUR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF356.00 + CHF667.77
CHF1,023.77
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF1,023.77 / 0.47
CHF2188.67
SWX:GUR Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF2,188.67
Current discount Discount to share price of CHF1,152.00
= -1 x (CHF1,152.00 - CHF2,188.67) / CHF2,188.67
47.4%

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

Current Discount
Amount off the current price Gurit Holding is available for.
Intrinsic value
47%
Share price is CHF1152 vs Future cash flow value of CHF2188.67
Current Discount Checks
For Gurit Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gurit Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gurit Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gurit Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gurit Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:GUR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CHF CHF96.83
SWX:GUR Share Price ** SWX (2020-03-31) in CHF CHF1152
Switzerland Chemicals Industry PE Ratio Median Figure of 5 Publicly-Listed Chemicals Companies 27.4x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 16.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gurit Holding.

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

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

= 1152 ÷ 96.83

11.9x

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

  • Gurit Holding is good value based on earnings compared to the CH Chemicals industry average.
  • Gurit Holding is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Gurit Holding's expected growth come at a high price?
Raw Data
SWX:GUR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-0.4%per year
Europe Chemicals Industry PEG Ratio Median Figure of 59 Publicly-Listed Chemicals Companies 1.13x
Switzerland Market PEG Ratio Median Figure of 125 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

SWX:GUR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.9x ÷ -0.4%

-27.24x

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

  • Gurit Holding earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gurit Holding's assets?
Raw Data
SWX:GUR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CHF CHF314.76
SWX:GUR Share Price * SWX (2020-03-31) in CHF CHF1152
Switzerland Chemicals Industry PB Ratio Median Figure of 7 Publicly-Listed Chemicals Companies 3.53x
Switzerland Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.33x
SWX:GUR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1152 ÷ 314.76

3.66x

* Primary Listing of Gurit Holding.

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

  • Gurit Holding is overvalued based on assets compared to the CH Chemicals industry average.
X
Value checks
We assess Gurit Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals 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 Chemicals industry average (and greater than 0)? (1 check)
  5. Gurit Holding has a total score of 4/6, 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 Gurit Holding expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gurit Holding expected to grow at an attractive rate?
  • Gurit Holding's earnings growth is expected to exceed the low risk savings rate of -0.6%.
Growth vs Market Checks
  • Gurit Holding's earnings are expected to decrease over the next 1-3 years, this is below the Switzerland market average.
  • Gurit Holding's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:GUR Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:GUR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -0.4%
SWX:GUR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.4%
Switzerland Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
Switzerland Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 2.3%

*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:GUR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:GUR Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 689 1
2023-12-31 666 1
2022-12-31 613 84 44 3
2021-12-31 598 71 43 4
2020-12-31 605 54 43 4
2020-03-31
SWX:GUR Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-12-31 558 66 45
2019-09-30 527 55 46
2019-06-30 496 43 47
2019-03-31 454 31 42
2018-12-31 411 19 37
2018-06-30 354 28 26
2018-03-31 347 29 26
2017-12-31 340 31 26
2017-09-30 353 33 26
2017-06-30 345 36 27
2017-03-31 348 37 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gurit Holding's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Gurit Holding's revenue is expected to grow by 3.4% 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:GUR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Gurit Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:GUR Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 95.86 124.87 58.43 3.00
2021-12-31 92.72 115.51 69.72 4.00
2020-12-31 90.74 91.77 88.84 4.00
2020-03-31
SWX:GUR Past Financials Data
Date (Data in CHF Millions) EPS *
2019-12-31 96.83
2019-09-30 98.26
2019-06-30
2019-03-31
2018-12-31 79.29
2018-06-30
2018-03-31
2017-12-31 55.20
2017-09-30 55.76
2017-06-30
2017-03-31

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gurit Holding's growth in the last year to its industry (Chemicals).
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.
  • Gurit Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • Gurit Holding's 1-year earnings growth is less than its 5-year average (22.1% vs 22.6%)
  • Gurit Holding's earnings growth has exceeded the CH Chemicals industry average in the past year (22.1% vs 10.1%).
Earnings and Revenue History
Gurit Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gurit Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:GUR Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 558.35 45.28 48.38 7.34
2019-09-30 527.42 45.96 46.27 6.94
2019-06-30 496.49 46.65 44.17 6.55
2019-03-31 453.56 41.87 42.67 6.56
2018-12-31 410.62 37.08 41.17 6.58
2018-06-30 353.79 26.32 39.58 6.71
2018-03-31 346.89 26.07 38.99 6.64
2017-12-31 339.99 25.81 38.40 6.57
2017-09-30 352.71 26.09 18.36 10.19
2017-06-30 344.91 27.25 17.66 10.21
2017-03-31 348.45 26.64 29.06 8.57
2016-12-31 351.98 26.03 40.46 6.93
2016-09-30 357.93 26.56 62.21 3.46
2016-06-30 363.88 27.08 83.96
2016-03-31 361.65 24.83 83.91
2015-12-31 359.41 22.57 83.85
2015-09-30 352.99 18.08 86.01
2015-06-30 346.57 13.60 88.17
2015-03-31 341.19 12.35 89.06
2014-12-31 335.80 11.11 89.94
2014-09-30 327.15 10.34 86.40
2014-06-30 318.50 9.58 82.85
2014-03-31 299.82 4.85 79.51
2013-12-31 281.14 0.11 76.18
2013-09-30 283.08 0.44 75.28
2013-06-30 285.02 0.76 74.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gurit Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Gurit Holding used its assets more efficiently than the CH Chemicals industry average last year based on Return on Assets.
  • Gurit Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gurit Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals 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.
Gurit Holding has a total score of 5/6, 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 Gurit Holding's financial health and their level of debt?

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

The boxes below represent the relative size of what makes up Gurit Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gurit Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gurit Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gurit Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x 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 Gurit Holding Company Filings, last reported 3 months ago.

SWX:GUR Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 145.97 97.01 44.94
2019-09-30 145.97 97.01 44.94
2019-06-30 133.71 110.36 39.07
2019-03-31 133.71 110.36 39.07
2018-12-31 125.07 127.02 48.23
2018-06-30 206.12 24.75 46.56
2018-03-31 206.12 24.75 46.56
2017-12-31 206.14 11.88 44.60
2017-09-30 206.14 11.88 44.60
2017-06-30 193.16 0.27 32.91
2017-03-31 193.16 0.27 32.91
2016-12-31 190.80 1.45 38.65
2016-09-30 190.80 1.45 38.65
2016-06-30 180.30 4.18 21.14
2016-03-31 180.30 4.18 21.14
2015-12-31 179.48 9.46 29.83
2015-09-30 179.48 9.46 29.83
2015-06-30 166.60 15.40 15.72
2015-03-31 166.60 15.40 15.72
2014-12-31 173.36 24.77 29.01
2014-09-30 173.36 24.77 29.01
2014-06-30 161.69 22.56 21.71
2014-03-31 161.69 22.56 21.71
2013-12-31 157.27 16.70 23.10
2013-09-30 157.27 16.70 23.10
2013-06-30 155.88 21.98 20.18
  • Gurit Holding's level of debt (66.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.2% vs 66.5% today).
  • Debt is well covered by operating cash flow (67.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.2x coverage).
X
Financial health checks
We assess Gurit Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gurit Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Gurit Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.17%
Current annual income from Gurit Holding dividends. Estimated to be 2.51% next year.
If you bought CHF2,000 of Gurit Holding 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?
  • Gurit Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (2.11%).
  • Gurit Holding's dividend is below the markets top 25% of dividend payers in Switzerland (4.26%).
Upcoming dividend payment

Purchase Gurit Holding before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:GUR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Switzerland Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.2%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 159 Stocks 3.3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2.1%
Switzerland Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:GUR Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 31.67 3.00
2021-12-31 28.96 4.00
2020-12-31 26.66 4.00
2020-03-31
SWX:GUR Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2020-02-27 25.000 2.104
2019-02-28 20.000 1.696
2018-03-13 20.000 2.302
2017-03-08 20.000 1.967
2016-03-15 15.000 2.074
2015-03-18 8.500 1.678
2014-03-17 7.500 1.795
2014-03-14 7.500 1.567
2013-03-13 15.000 3.558
2013-03-12 15.000 3.606
2012-03-16 15.000 3.466
2012-03-08 15.000 2.858
2011-03-28 15.000 3.091
2011-03-21 15.000 2.465
2010-01-04 15.000 2.761

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Gurit Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Gurit Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Gurit Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gurit Holding has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Gurit Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rudolf Hadorn
COMPENSATION CHF1,540,000
AGE 56
TENURE AS CEO 12.3 years
CEO Bio

Mr. Rudolf Hadorn, lic. oec. HSG, has been the Chief Executive Officer at Gurit Holding AG since November 1, 2007. Mr. Hadorn served as an Interim of General Manager for Gurit Composite Components at Gurit Holding AG from January 19, 2017 to 2018. Mr. Hadorn served as a General Manager of Gurit Composite Systems and Engineering at Gurit Holding AG since February 1, 2013 until January 19, 2017. He served as the Chief Executive Officer, Chief Financial Officer and Head of Security Solutions at Ascom Holding AG from June 2004 to February 2007 and served as a Director since November 1, 2002. He served as the Head of Financial Accounting and Analysis and Director at Auditing from 1991 to 1996 at GM Hungary, Austria and GM/Opel AG Germany. Mr. Hadorn worked for General Motors Europe, Zurich's Financial and operational analysis in 1989. Mr. Hadorn served as a General Manager of Opel Hungary and South Eastern Europe, Director of Finance and Chief Executive Officer from 1999. He served as the General Manager, Director of Finance and lastly Chief Executive Officer of Opel Austria from 1999. He was a Management Spokesman, Chief Financial Officer and Chief Executive Officer of Krone Group since 2000. He served as Non Executive Director of Looser Holding AG since 2009 until December 15, 2016. He was an Advisory Board Member at Cross Equity Partners AG. Mr. Hadorn received a Degree in Business Administration from the University of St. Gallen Switzerland in 1988.

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

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

3.3
Average Tenure
56.5
Average Age
  • The tenure for the Gurit Holding management team is about average.
Management Team

Rudolf Hadorn

TITLE
Chief Executive Officer
COMPENSATION
CHF2M
AGE
56
TENURE
12.3 yrs

Philippe Wirth

TITLE
Chief Financial Officer
AGE
47
TENURE
0.4 yrs

Emiliano Frulloni

TITLE
Group Chief Technology Officer
AGE
45
TENURE
1.3 yrs

Tanja Moehler

TITLE
Head of Marketing & Corporate Communications

Hannes Haueis

TITLE
Head of Group Human Resources
AGE
57
TENURE
5.4 yrs

Paul Hälg

TITLE
Chief Executive Officer of An Operating Unit
COMPENSATION
CHF97K
AGE
65

Bing Chen

TITLE
GM & Head of Business Unit Tooling
AGE
58
TENURE
8.7 yrs

Michael Muser

TITLE
GM & Business Unit Head for Aero
TENURE
1.2 yrs
Board of Directors Tenure

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

6.8
Average Tenure
57.5
Average Age
  • The tenure for the Gurit Holding board of directors is about average.
Board of Directors

Peter Leupp

TITLE
Chairman
COMPENSATION
CHF330K
AGE
68
TENURE
7.8 yrs

Urs Kaufmann

TITLE
Non-Executive Director
COMPENSATION
CHF134K
AGE
57
TENURE
13.8 yrs

Stefan Breitenstein

TITLE
Non-Executive Director
COMPENSATION
CHF120K
AGE
62
TENURE
5.8 yrs

Nick Huber

TITLE
Non-Executive Director
COMPENSATION
CHF134K
AGE
55
TENURE
24.7 yrs

Philippe Royer

TITLE
Director
COMPENSATION
CHF134K
AGE
58
TENURE
0.8 yrs

Bettina Gerharz-Kalte

TITLE
Director
COMPENSATION
CHF134K
AGE
55
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 Gurit Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gurit Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Gurit Holding AG (VTX:GUR): The Return Story

and want to better understand how you can grow your money by investing in Gurit Holding AG (VTX:GUR). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Gurit Holding, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Will Gurit Holding AG (VTX:GUR) Continue To Underperform Its Industry?

Gurit Holding has a ROE of 10%, based on the last twelve months. … One way to conceptualize this, is that for each CHF1 of shareholders' equity it has, the company made CHF0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Are Gurit Holding AG's (VTX:GUR) Interest Costs Too High?

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Who Owns Most Of Gurit Holding AG (VTX:GUR)?

In this analysis, my focus will be on developing a perspective on Gurit Holding AG’s (VTX:GUR) latest ownership structure, a less discussed, but important factor. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … See our latest analysis for Gurit Holding

Simply Wall St -

Gurit Holding AG (VTX:GUR): Assessing Capital Returns

and want to begin learning the link between Gurit Holding AG (VTX:GUR)’s return fundamentals and stock market performance. … Therefore, looking at how efficiently Gurit Holding is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

What You Must Know About Gurit Holding AG's (VTX:GUR) 12.08% ROE

and want a simplistic look at the return on Gurit Holding AG (VTX:GUR) stock. … Gurit Holding AG (VTX:GUR) delivered an ROE of 12.08% over the past 12 months, which is relatively in-line with its industry average of 13.93% during the same period. … But what is more interesting is whether GUR can sustain or improve on this level of return

Simply Wall St -

Is Gurit Holding AG (VTX:GUR) Undervalued?

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price? … A question to answer is whether Gurit Holding's current trading price of CHF814 reflective of the actual value of the? … Let’s take a look at Gurit Holding’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is Gurit Holding AG's (SWX:GUR) PE Ratio A Signal To Buy For Investors?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Gurit Holding AG (SWX:GUR)’s fundamentals and stock market performance. … While GUR might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

Is Gurit Holding AG's (VTX:GUR) PE Ratio A Signal To Buy For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GUR Price per share = CHF879 Earnings per share = CHF53.321 ∴ Price-Earnings Ratio = CHF879 ÷ CHF53.321 = 16.5x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … At 16.5x, GUR’s P/E is lower than its industry peers (28.5x). … For example, if you are inadvertently comparing lower risk firms with GUR, then GUR’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

What You Must Know About Gurit Holding AG's (VTX:GUR) Financial Strength

With this increase in debt, the current cash and short-term investment levels stands at CHF44.60M for investing into the business. … Additionally, GUR has generated CHF30.59M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 257.37%, indicating that GUR’s current level of operating cash is high enough to cover debt. … In GUR's, case, the ratio of 119x suggests that interest is comfortably covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: GUR has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level.

Simply Wall St -

Company Info

Description

Gurit Holding AG, together with its subsidiaries, develops, manufactures, and sells advanced composite materials, related technologies, and finished parts and components to small family enterprises and large multinational corporations in Switzerland and internationally. The company operates through four segments: Tooling, Kitting, Composite Materials, and Aerospace. It offers fiber-reinforced pre-impregnated materials, structural core products, gel coats, adhesives, resins, and consumables; flame retardant materials; liquid and filled systems, such as laminating and infusion systems, filling and fairing products, multi-purpose systems, tooling products, and coatings; reinforcements; ancillaries and consumables; and other products comprising B³ SmartPac, a construction solution that helps builders to manufacture composite components, as well as Hi-Panels, which are epoxy infused composite panels. The company also provides wind turbine blade kits; and tooling products consisting of wind blade master plugs, wind blade moulds, mould heating systems, wind blade hinge systems, and composite mineral castings, as well as mould alignment and clamping products. In addition, it offers composite engineering services to yachts, power boats, military and commercial vehicles, and civil structures and bridges, as well as architectural, vehicles and transportation, industrial, and renewable applications. The company was founded in 1835 and is based in Wattwil, Switzerland.

Details
Name: Gurit Holding AG
GUR
Exchange: SWX
Founded: 1835
CHF520,149,120
467,760
Website: http://www.gurit.com
Address: Gurit Holding AG
Ebnaterstrasse 79,
Wattwil,
9630,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX GUR Bearer Shares SIX Swiss Exchange CH CHF 02. Jan 1992
DB GVM Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0QQR Bearer Shares London Stock Exchange GB CHF 02. Jan 1992
Number of employees
Current staff
Staff numbers
2,990
Gurit Holding employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 20:36
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/16
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.