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Landis+Gyr Group

SWX:LAND
Snowflake Description

Excellent balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LAND
SWX
CHF2B
Market Cap
  1. Home
  2. CH
  3. Tech
Company description

Landis+Gyr Group AG provides metering solutions for electricity, heat/cold, and gas utilities worldwide. The last earnings update was 156 days ago. More info.


Add to Portfolio Compare Print
  • Landis+Gyr Group has significant price volatility in the past 3 months.
LAND Share Price and Events
7 Day Returns
-2.4%
SWX:LAND
6.5%
CH Electronic
2.7%
CH Market
1 Year Returns
-2.2%
SWX:LAND
-2.6%
CH Electronic
-5.4%
CH Market
LAND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Landis+Gyr Group (LAND) -2.4% -20.4% -37% -2.2% - -
CH Electronic 6.5% -13.8% -23% -2.6% -2.7% 41.4%
CH Market 2.7% -7.9% -13.3% -5.4% 3.3% -1.7%
1 Year Return vs Industry and Market
  • LAND matched the Electronic industry (-2.6%) over the past year.
  • LAND outperformed the Market in Switzerland which returned -5.4% over the past year.
Price Volatility
LAND
Industry
5yr Volatility vs Market

Value

 Is Landis+Gyr 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 Landis+Gyr 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 Landis+Gyr Group.

SWX:LAND Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
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:LAND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate -0.6%
Equity Risk Premium S&P Global 5.4%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.093 (1 + (1- 18%) (9.42%))
1.119
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.55% + (1.119 * 5.44%)
5.54%

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

The calculations below outline how an intrinsic value for Landis+Gyr 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:LAND DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.54%)
2020 122.64 Analyst x5 116.21
2021 145.18 Analyst x5 130.35
2022 137.90 Analyst x4 117.31
2023 152.30 Analyst x1 122.77
2024 154.67 Est @ 1.55% 118.13
2025 156.09 Est @ 0.92% 112.97
2026 156.84 Est @ 0.48% 107.56
2027 157.11 Est @ 0.17% 102.09
2028 157.04 Est @ -0.04% 96.69
2029 156.73 Est @ -0.2% 91.44
Present value of next 10 years cash flows $1,115.00
SWX:LAND DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $156.73 × (1 + -0.55%) ÷ (5.54% – -0.55%)
$2,560.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,560.73 ÷ (1 + 5.54%)10
$1,493.89
SWX:LAND Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,115.00 + $1,493.89
$2,608.89
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,608.89 / 29.04
$89.85
SWX:LAND Discount to Share Price
Calculation Result
Exchange Rate USD/CHF
(Reporting currency to currency of SWX:LAND)
0.972
Value per Share
(CHF)
= Value per Share in USD x Exchange Rate (USD/CHF)
= $89.85 x 0.972
CHF87.3
Value per share (CHF) From above. CHF87.30
Current discount Discount to share price of CHF64.65
= -1 x (CHF64.65 - CHF87.30) / CHF87.30
25.9%

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

Current Discount
Amount off the current price Landis+Gyr Group is available for.
Intrinsic value
26%
Share price is CHF64.65 vs Future cash flow value of CHF87.3
Current Discount Checks
For Landis+Gyr Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Landis+Gyr Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Landis+Gyr 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 Landis+Gyr Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Landis+Gyr Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:LAND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $4.59
SWX:LAND Share Price ** SWX (2020-04-02) in CHF CHF64.65
SWX:LAND Share Price converted to USD reporting currency Exchange rate (CHF/ USD) 1.029 $66.53
Switzerland Electronic Industry PE Ratio Median Figure of 10 Publicly-Listed Electronic Companies 18.73x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 16.6x

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

** Primary Listing of Landis+Gyr Group.

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

= SWX:LAND Share Price ÷ EPS (both in USD)

= 66.53 ÷ 4.59

14.5x

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

  • Landis+Gyr Group is good value based on earnings compared to the CH Electronic industry average.
  • Landis+Gyr Group is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Landis+Gyr Group's expected growth come at a high price?
Raw Data
SWX:LAND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
2.6%per year
Switzerland Electronic Industry PEG Ratio Median Figure of 9 Publicly-Listed Electronic Companies 1.1x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 1.83x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.5x ÷ 2.6%

5.64x

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

  • Landis+Gyr Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Landis+Gyr Group's assets?
Raw Data
SWX:LAND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $60.64
SWX:LAND Share Price * SWX (2020-04-02) in CHF CHF64.65
SWX:LAND Share Price converted to USD reporting currency Exchange rate (CHF/ USD) 1.029 $66.53
Switzerland Electronic Industry PB Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.27x
Switzerland Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.34x
SWX:LAND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:LAND Share Price ÷ Book Value per Share (both in USD)

= 66.53 ÷ 60.64

1.1x

* Primary Listing of Landis+Gyr Group.

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

  • Landis+Gyr Group is good value based on assets compared to the CH Electronic industry average.
X
Value checks
We assess Landis+Gyr 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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Landis+Gyr Group 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 Landis+Gyr Group expected to perform in the next 1 to 3 years based on estimates from 8 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
2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Landis+Gyr Group expected to grow at an attractive rate?
  • Landis+Gyr Group's earnings growth is expected to exceed the low risk savings rate of -0.6%.
Growth vs Market Checks
  • Landis+Gyr Group's earnings growth is positive but not above the Switzerland market average.
  • Landis+Gyr Group's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:LAND Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:LAND Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 2.6%
SWX:LAND Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.2%
Switzerland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.7%
Switzerland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 8.4%
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:LAND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:LAND Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,884 212 131 2
2022-03-31 1,803 198 126 7
2021-03-31 1,676 190 87 8
2020-04-03
2020-03-31 1,734 163 123 8
SWX:LAND Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,775 178 135
2019-06-30 1,770 170 129
2019-03-31 1,765 163 122
2018-12-31 1,745 140 111
2018-09-30 1,725 116 101
2018-06-30 1,731 121 73
2018-03-31 1,738 125 46
2017-12-31 1,738 131 1
2017-09-30 1,737 137 -45
2017-06-30 1,698 116 -54
2017-03-31 1,659 95 -63

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Landis+Gyr Group's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
  • Landis+Gyr Group's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:LAND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Landis+Gyr Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:LAND Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 4.57 4.67 4.47 2.00
2022-03-31 4.18 4.43 3.89 6.00
2021-03-31 2.81 3.84 1.67 6.00
2020-04-03
2020-03-31 3.95 4.07 3.80 5.00
SWX:LAND Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 4.59
2019-06-30 4.37
2019-03-31 4.15
2018-12-31 3.78
2018-09-30 3.41
2018-06-30 2.49
2018-03-31 1.57
2017-12-31 0.03
2017-09-30 -1.51
2017-06-30 -1.81
2017-03-31 -2.12

*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.
  • Landis+Gyr Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Landis+Gyr 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.
Landis+Gyr 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 Landis+Gyr 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 Landis+Gyr Group's growth in the last year to its industry (Electronic).
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.
  • Landis+Gyr Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Landis+Gyr Group's 1-year earnings growth is less than its 5-year average (34.2% vs 61%)
  • Landis+Gyr Group's earnings growth has exceeded the CH Electronic industry average in the past year (34.2% vs -5.8%).
Earnings and Revenue History
Landis+Gyr 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 Landis+Gyr Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:LAND Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,775.00 134.84 211.57 154.36
2019-06-30 1,770.08 128.54 215.36 155.15
2019-03-31 1,765.16 122.25 219.14 155.94
2018-12-31 1,745.12 111.38 221.19 157.08
2018-09-30 1,725.09 100.51 223.24 158.22
2018-06-30 1,731.45 73.44 239.91 160.31
2018-03-31 1,737.81 46.37 256.57 162.40
2017-12-31 1,737.61 0.93 265.38 163.13
2017-09-30 1,737.41 -44.51 274.19 163.87
2017-06-30 1,698.32 -53.54 270.23 163.18
2017-03-31 1,659.24 -62.57 266.26 162.48
2016-03-31 1,573.48 -13.68 241.99 148.15
2015-03-31 1,529.05 10.29 261.21 151.47

*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.
  • Landis+Gyr Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Landis+Gyr Group used its assets more efficiently than the CH Electronic industry average last year based on Return on Assets.
  • Landis+Gyr Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Landis+Gyr 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 Electronic 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.
Landis+Gyr Group has a total score of 4/6, 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 Landis+Gyr 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 Landis+Gyr Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Landis+Gyr Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Landis+Gyr Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Landis+Gyr 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Landis+Gyr Group Company Filings, last reported 6 months ago.

SWX:LAND Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,762.97 135.44 35.92
2019-06-30 1,762.97 135.44 35.92
2019-03-31 1,833.38 90.66 73.38
2018-12-31 1,833.38 90.66 73.38
2018-09-30 1,791.00 156.37 45.89
2018-06-30 1,791.00 156.37 45.89
2018-03-31 1,808.02 142.33 101.76
2017-12-31 1,808.02 142.33 101.76
2017-09-30 1,754.38 227.76 120.37
2017-06-30 1,754.38 227.76 120.37
2017-03-31 1,732.64 227.89 101.03
2016-03-31 1,729.84 328.80 22.09
2015-03-31 1,755.21 392.41 18.47
  • Landis+Gyr Group's level of debt (7.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Landis+Gyr Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (131.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 81.7x coverage).
X
Financial health checks
We assess Landis+Gyr 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. Landis+Gyr Group has a total score of 5/6, 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 Landis+Gyr 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
4.74%
Current annual income from Landis+Gyr Group dividends. Estimated to be 5.52% next year.
If you bought CHF2,000 of Landis+Gyr Group shares you are expected to receive CHF95 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?
  • Landis+Gyr Group's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (2.11%).
  • Landis+Gyr Group's dividend is above the markets top 25% of dividend payers in Switzerland (4.29%).
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:LAND 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 8 Analyst Estimates (S&P Global) See Below
Switzerland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.1%
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:LAND Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 4.10 1.00
2022-03-31 3.81 6.00
2021-03-31 3.49 7.00
2020-04-03
2020-03-31 3.20 7.00
SWX:LAND Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-30 3.151 3.608
2019-05-06 3.081 3.844
2018-06-28 2.250 3.682

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

  • Whilst dividend payments have been stable, Landis+Gyr Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Landis+Gyr Group only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Landis+Gyr Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Landis+Gyr Group'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 Landis+Gyr Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Landis+Gyr Group 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 Landis+Gyr 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.
  • Landis+Gyr Group has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Landis+Gyr Group management team in years:

9.6
Average Tenure
  • The average tenure for the Landis+Gyr Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andreas Umbach

TITLE
Executive Chairman
AGE
56

Jonathan Elmer

TITLE
CFO & Executive VP
TENURE
7.7 yrs

Jyoti Thombre

TITLE
Executive VP & CTO

Christian Waelti

TITLE
Head of Investor Relations

Charlie Pelissier

TITLE
Group General Counsel

Stan March

TITLE
Senior Vice President of Corporate Communications
AGE
60
TENURE
11.6 yrs

Adriana Paun

TITLE
Senior Vice President of Global Human Resource

Dieter Hecht

TITLE
Chief Procurement Officer & Executive VP
TENURE
16.8 yrs

John Harris

TITLE
Head of Governmental Affairs & Public Relations and Vice President

Prasanna Venkatesan

TITLE
Executive VP & Head of Americas
TENURE
6.4 yrs
Board of Directors Tenure

Average tenure and age of the Landis+Gyr Group board of directors in years:

2.8
Average Tenure
56.5
Average Age
  • The average tenure for the Landis+Gyr Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Andreas Umbach

TITLE
Executive Chairman
AGE
56
TENURE
3 yrs

Andreas Spreiter

TITLE
Independent Director
AGE
51
TENURE
2.8 yrs

Eric Elzvik

TITLE
Lead Independent Director
AGE
59
TENURE
2.8 yrs

Pierre-Alain Graf

TITLE
Independent Director
AGE
57
TENURE
2.8 yrs

Christina Stercken

TITLE
Independent Director
AGE
61
TENURE
2.8 yrs

Dave Geary

TITLE
Independent Director
AGE
64
TENURE
2.8 yrs

Peter Mainz

TITLE
Independent Director
AGE
55
TENURE
1.8 yrs

Søren Sørensen

TITLE
Representative Director
AGE
54
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Landis+Gyr 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. Landis+Gyr 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

With A 5.6% Return On Equity, Is Landis+Gyr Group AG (VTX:LAND) A Quality Stock?

To keep the lesson grounded in practicality, we'll use ROE to better understand Landis+Gyr Group AG (VTX:LAND). … Another way to think of that is that for every CHF1 worth of equity in the company, it was able to earn CHF0.056. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Understanding Your Return On Investment In Landis+Gyr Group AG (VTX:LAND)

and want a simplistic look at the return on Landis+Gyr Group AG (VTX:LAND) stock. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Landis+Gyr Group is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Is Landis+Gyr Group AG (VTX:LAND) Attractive At Its Current PE Ratio?

Landis+Gyr Group AG (VTX:LAND) is currently trading at a trailing P/E of 43.5x, which is higher than the industry average of 23.2x. … While LAND might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will explain what the P/E ratio is as well as what you should look out for when using it

Simply Wall St -

Why Landis+Gyr Group AG (VTX:LAND) May Not Be As Efficient As Its Industry

Landis+Gyr Group AG (VTX:LAND) delivered a less impressive 2.59% ROE over the past year, compared to the 14.06% return generated by its industry. … Knowing these components can change your views on LAND's below-average returns. … Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of LAND's returns.

Simply Wall St -

Should You Be Tempted To Sell Landis+Gyr Group AG (VTX:LAND) At Its Current PE Ratio?

considerably outstripping the 24.71x average multiple of the Electronic? … This is because multiples like PE tend to overlook key company-specific factors such as future growth and capital structure … To resolve this problem, I’ll identify some important factors to consider when judging the relative valuation of

Simply Wall St -

What You Must Know About Landis+Gyr Group AG's (VTX:LAND) Financial Strength

Over the past year, LAND has reduced its debt from US$328.80M to US$227.89M – this includes both the current and long-term debt. … With this reduction in debt, LAND currently has US$101.03M remaining in cash and short-term investments , ready to deploy into the business. … Moreover, LAND has generated US$95.09M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 41.73%, indicating that LAND’s debt is appropriately covered by operating cash.

Simply Wall St -

Landis+Gyr Group AG (VTX:LAND): What’s In It For The Shareholders?

Landis+Gyr Group’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt Although, Landis+Gyr Group generate sufficient cash from its operational activities, its FCF yield of 8.24% is roughly in-line with the broader market’s high single-digit yield. … Below is a table of Landis+Gyr Group’s operating cash flow in the past year, as well as the anticipated level going forward.

Simply Wall St -

Who Are The Largest Shareholders In Landis+Gyr Group AG (VTX:LAND)?

Although LAND has a high institutional ownership, such stock moves, in the short-term, are more commonly linked to a particular type of active institutional investors – hedge funds. … Private Company Ownership Potential investors in LAND should also look at another important group of investors: private companies, with a stake of 0.002%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Landis+Gyr Group AG (VTX:LAND): Financial Strength Analysis

Moreover, LAND has generated US$95.09M in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 41.73%, meaning that LAND’s debt is appropriately covered by operating cash. … Next Steps: LAND has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level. … But, as shareholders, you should try and determine whether this level of debt is justified for LAND, especially when liquidity may also be an issue.

Simply Wall St -

Landis+Gyr Group AG's (VTX:LAND) Earnings Dropped -16.55%, How Did It Fare Against The Industry?

After looking at Landis+Gyr Group AG's (SWX:LAND) latest earnings announcement (30 September 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … View our latest analysis for Landis+Gyr Group Commentary On LAND's Past Performance I look at the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … SWX:LAND Income Statement Mar 22nd 18 We can further evaluate Landis+Gyr Group's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

Company Info

Description

Landis+Gyr Group AG provides metering solutions for electricity, heat/cold, and gas utilities worldwide. The company offers digital and prepayment electricity, commercial/industrial and grid, smart gas, heat and water, and stand-alone gas meters; load control devices; system deployment services and managed network services; meter data management software; and advanced grid analytics tools. It also provides other advanced metering infrastructure offerings, such as software, installation, implementation, consulting, maintenance support, and related services. The company was formerly known as Landis+Gyr Holding AG. Landis+Gyr Group AG was founded in 1896 and is headquartered in Zug, Switzerland.

Details
Name: Landis+Gyr Group AG
LAND
Exchange: SWX
Founded: 1896
CHF1,877,283,943
29,037,648
Website: http://www.landisgyr.eu
Address: Landis+Gyr Group AG
Theilerstrasse 1,
PO Box 260,
Zug,
Zug, 6302,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX LAND Registered Ordinary Shares SIX Swiss Exchange CH CHF 20. Jul 2017
OTCPK LGYR.F Registered Ordinary Shares Pink Sheets LLC US USD 20. Jul 2017
DB 4LG Registered Ordinary Shares Deutsche Boerse AG DE EUR 20. Jul 2017
LSE 0RTL Registered Ordinary Shares London Stock Exchange GB CHF 20. Jul 2017
OTCPK LDGY.Y UNSPONSRED ADS Pink Sheets LLC US USD 17. Apr 2018
Number of employees
Current staff
Staff numbers
5,611
Landis+Gyr Group employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 02:24
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.