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Schaffner Holding

SWX:SAHN
Snowflake Description

Very undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SAHN
SWX
CHF85M
Market Cap
  1. Home
  2. CH
  3. Tech
Company description

Schaffner Holding AG, together with its subsidiaries, develops, manufactures, and sells solutions for power electronic systems worldwide. The last earnings update was 120 days ago. More info.


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  • Schaffner Holding has significant price volatility in the past 3 months.
SAHN Share Price and Events
7 Day Returns
4.7%
SWX:SAHN
2.9%
CH Electronic
1.4%
CH Market
1 Year Returns
-43.5%
SWX:SAHN
-5.2%
CH Electronic
-5.2%
CH Market
SAHN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Schaffner Holding (SAHN) 4.7% -28.3% -39.1% -43.5% -51.1% -46.2%
CH Electronic 2.9% -15.9% -23.6% -5.2% -5.5% 36.8%
CH Market 1.4% -9% -13.7% -5.2% 3.7% -2.6%
1 Year Return vs Industry and Market
  • SAHN underperformed the Electronic industry which returned -5.2% over the past year.
  • SAHN underperformed the Market in Switzerland which returned -5.2% over the past year.
Price Volatility
SAHN
Industry
5yr Volatility vs Market

SAHN Value

 Is Schaffner 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 Schaffner 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 Schaffner Holding.

SWX:SAHN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
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:SAHN
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))
= 1.089 (1 + (1- 18%) (39.8%))
1.297
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.55% + (1.297 * 5.44%)
6.51%

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

The calculations below outline how an intrinsic value for Schaffner 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:SAHN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 6.51%)
2020 10.04 Est @ 52.86% 9.42
2021 13.73 Est @ 36.84% 12.11
2022 17.25 Est @ 25.62% 14.28
2023 20.32 Est @ 17.77% 15.79
2024 22.81 Est @ 12.27% 16.64
2025 24.73 Est @ 8.43% 16.94
2026 26.15 Est @ 5.73% 16.82
2027 27.15 Est @ 3.85% 16.40
2028 27.84 Est @ 2.53% 15.79
2029 28.29 Est @ 1.61% 15.06
Present value of next 10 years cash flows CHF149.00
SWX:SAHN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF28.29 × (1 + -0.55%) ÷ (6.51% – -0.55%)
CHF398.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF398.59 ÷ (1 + 6.51%)10
CHF212.18
SWX:SAHN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF149.00 + CHF212.18
CHF361.18
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF361.18 / 0.63
CHF570.98
SWX:SAHN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF570.98
Current discount Discount to share price of CHF134.00
= -1 x (CHF134.00 - CHF570.98) / CHF570.98
76.5%

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

Current Discount
Amount off the current price Schaffner Holding is available for.
Intrinsic value
>50%
Share price is CHF134 vs Future cash flow value of CHF570.98
Current Discount Checks
For Schaffner Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Schaffner Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Schaffner 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 Schaffner Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Schaffner Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:SAHN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CHF CHF11.36
SWX:SAHN Share Price ** SWX (2020-04-03) in CHF CHF134
Switzerland Electronic Industry PE Ratio Median Figure of 10 Publicly-Listed Electronic Companies 18.74x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 16.43x

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

** Primary Listing of Schaffner Holding.

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

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

= 134 ÷ 11.36

11.79x

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

  • Schaffner Holding is good value based on earnings compared to the CH Electronic industry average.
  • Schaffner Holding is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Schaffner Holding's expected growth come at a high price?
Raw Data
SWX:SAHN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
27.1%per year
Switzerland Electronic Industry PEG Ratio Median Figure of 9 Publicly-Listed Electronic Companies 1.1x
Switzerland Market PEG Ratio Median Figure of 125 Publicly-Listed Companies 1.81x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.79x ÷ 27.1%

0.43x

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

  • Schaffner Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Schaffner Holding's assets?
Raw Data
SWX:SAHN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CHF CHF99.95
SWX:SAHN Share Price * SWX (2020-04-03) in CHF CHF134
Switzerland Electronic Industry PB Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.29x
Switzerland Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.33x
SWX:SAHN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 134 ÷ 99.95

1.34x

* Primary Listing of Schaffner Holding.

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

  • Schaffner Holding is good value based on assets compared to the CH Electronic industry average.
X
Value checks
We assess Schaffner 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 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. Schaffner Holding has a total score of 6/6, 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.

SAHN Future Performance

 How is Schaffner Holding expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
27.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Schaffner Holding expected to grow at an attractive rate?
  • Schaffner Holding's earnings growth is expected to exceed the low risk savings rate of -0.6%.
Growth vs Market Checks
  • Schaffner Holding's earnings growth is expected to exceed the Switzerland market average.
  • Schaffner Holding's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:SAHN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:SAHN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 27.1%
SWX:SAHN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.6%
Switzerland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18%
Switzerland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 8.3%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 2.2%

*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:SAHN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:SAHN Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 212 13 1
2020-09-30 204 12 1
SWX:SAHN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-09-30 197 15 7
2019-06-30 206 13 8
2019-03-31 215 12 9
2018-12-31 218 12 9
2018-09-30 222 12 9
2018-06-30 215 12 9
2018-03-31 209 13 9
2017-12-31 203 11 9
2017-09-30 196 10 9
2017-06-30 192 9 6
2017-03-31 188 9 4
2016-12-31 187 8 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Schaffner Holding's earnings are expected to grow significantly at over 20% yearly.
  • Schaffner Holding's revenue is expected to grow by 3.6% 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:SAHN 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 1 Analyst Estimates (S&P Global) See Below

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

SWX:SAHN Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 20.45 20.45 20.45 1.00
2020-09-30 18.42 18.42 18.42 1.00
SWX:SAHN Past Financials Data
Date (Data in CHF Millions) EPS *
2019-09-30 11.36
2019-06-30 12.72
2019-03-31 14.09
2018-12-31 14.45
2018-09-30 14.81
2018-06-30 14.12
2018-03-31 13.44
2017-12-31 13.60
2017-09-30 13.77
2017-06-30 9.95
2017-03-31 6.14
2016-12-31 3.22

*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.
  • Schaffner Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Schaffner 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.
Schaffner Holding has a total score of 4/6, 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.

SAHN Past Performance

  How has Schaffner 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 Schaffner Holding'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.
  • Schaffner Holding's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Schaffner Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Schaffner Holding's 1-year earnings growth is negative, it can't be compared to the CH Electronic industry average.
Earnings and Revenue History
Schaffner 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 Schaffner Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:SAHN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 197.39 7.21 29.17 16.14
2019-06-30 206.03 8.07 30.03 16.20
2019-03-31 214.68 8.94 30.89 16.25
2018-12-31 218.10 9.16 31.12 16.57
2018-09-30 221.52 9.39 31.36 16.90
2018-06-30 215.47 8.96 30.49 16.86
2018-03-31 209.41 8.54 29.62 16.82
2017-12-31 202.56 8.64 28.52 16.75
2017-09-30 195.71 8.75 27.43 16.69
2017-06-30 191.64 6.33 27.74 16.74
2017-03-31 187.57 3.91 28.06 16.80
2016-12-31 186.57 2.05 28.71 16.74
2016-09-30 185.56 0.18 29.36 16.68
2016-06-30 188.73 3.21 29.35 16.15
2016-03-31 191.89 6.23 29.33 15.61
2015-12-31 196.84 6.97 30.02 15.66
2015-09-30 201.78 7.70 30.72 15.70
2015-06-30 208.10 9.51 31.49 15.89
2015-03-31 214.43 11.33 32.27 16.08
2014-12-31 214.50 11.98 32.36 15.69
2014-09-30 214.57 12.63 32.45 15.31
2014-06-30 211.24 10.87 31.41 15.47
2014-03-31 207.90 9.11 30.37 15.63
2013-12-31 201.39 7.61 28.82 15.61
2013-09-30 194.89 6.11 27.26 15.59
2013-06-30 190.23 5.03 26.99 14.87

*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.
  • Schaffner Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Schaffner Holding used its assets more efficiently than the CH Electronic industry average last year based on Return on Assets.
  • Schaffner Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Schaffner 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 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.
Schaffner Holding has a total score of 2/6, see the detailed checks below.

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

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

SAHN Health

 How is Schaffner 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 Schaffner Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Schaffner Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Schaffner Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Schaffner 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 2.9x 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 Schaffner Holding Company Filings, last reported 6 months ago.

SWX:SAHN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 63.23 33.74 19.48
2019-06-30 63.23 33.74 19.48
2019-03-31 60.87 39.60 18.40
2018-12-31 60.87 39.60 18.40
2018-09-30 59.02 38.19 22.05
2018-06-30 59.02 38.19 22.05
2018-03-31 55.79 44.12 27.56
2017-12-31 55.79 44.12 27.56
2017-09-30 54.40 29.06 18.39
2017-06-30 54.40 29.06 18.39
2017-03-31 50.30 36.80 19.51
2016-12-31 50.30 36.80 19.51
2016-09-30 46.19 29.81 15.81
2016-06-30 46.19 29.81 15.81
2016-03-31 55.10 35.86 14.60
2015-12-31 55.10 35.86 14.60
2015-09-30 50.40 37.80 26.42
2015-06-30 50.40 37.80 26.42
2015-03-31 59.24 41.75 23.62
2014-12-31 59.24 41.75 23.62
2014-09-30 66.65 35.27 23.55
2014-06-30 66.65 35.27 23.55
2014-03-31 57.12 47.49 24.66
2013-12-31 57.12 47.49 24.66
2013-09-30 58.08 30.36 21.09
2013-06-30 62.51 30.36 21.09
  • Schaffner Holding's level of debt (53.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (53.1% vs 53.4% today).
  • Debt is well covered by operating cash flow (43.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.6x coverage).
X
Financial health checks
We assess Schaffner 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. Schaffner 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.

SAHN Dividends

 What is Schaffner 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
3.73%
Current annual income from Schaffner Holding dividends. Estimated to be 5.41% next year.
If you bought CHF2,000 of Schaffner Holding shares you are expected to receive CHF75 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?
  • Schaffner Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (2.08%).
  • Schaffner Holding's dividend is below the markets top 25% of dividend payers in Switzerland (4.36%).
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:SAHN 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 1 Analyst Estimates (S&P Global) See Below
Switzerland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.2%
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 4.4%

Industry and Market average data is calculated daily.

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

SWX:SAHN Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 7.50 1.00
2020-09-30 7.00 1.00
SWX:SAHN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-12-05 5.000 2.748
2018-12-06 6.500 2.857
2017-11-29 6.500 2.129
2017-05-11 0.000 0.000
2016-12-07 0.000 0.000
2016-01-12 6.500 2.905
2014-12-09 6.500 2.727
2013-12-10 4.500 1.594
2012-12-06 3.500 1.570
2011-12-06 4.500 1.918
2010-12-06 4.500 1.551
2010-03-31 0.000 0.000
2009-11-30 0.000 0.000

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

  • Schaffner Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Schaffner Holding only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Schaffner Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Schaffner 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 Schaffner Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Schaffner Holding has a total score of 2/6, see the detailed checks below.


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

SAHN Management

 What is the CEO of Schaffner 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
Marc Aeschlimann
COMPENSATION CHF723,000
AGE 51
TENURE AS CEO 2.6 years
CEO Bio

Mr. Marc Aeschlimann has been the Chief Executive Officer of Schaffner Holding AG since September 1, 2017. Mr. Aeschlimann served as Chief Executive Officer of Franke Kaffeemaschinen AG (alternate name, Franke Coffee Systems AG). He served as Consultant at Helbling Management Consulting. Following the re-organisation of the Franke Group, Mr. Aeschlimann served as member of the Group Management of the Franke Commercial Systems Group. Mr. Aeschlimann joined the Franke Group back in 2002, initially as head of the Logistics Unit at Franke Foodservice Systems Europe in Bad Säckingen, Germany. A year later he served as head of Franke Foodservice Systems Asia based in China and successfully ran the Business Unit right through to 2009. He served as Chief Executive Officer of the R&S Group and Pfiffner Messwandler. He also holds an MBA from the University of Southern California. He is a member of the Board of Wartmann Technologie AG, Oberbipp. Mr. Aeschlimann holds Master of Science in electrical engineering from the Swiss Federal Institute of Technology Zurich (ETH Zurich).

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

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

2.3
Average Tenure
50.5
Average Age
  • The tenure for the Schaffner Holding management team is about average.
Management Team

Marc Aeschlimann

TITLE
Chief Executive Officer
COMPENSATION
CHF723K
AGE
51
TENURE
2.6 yrs

Christian Herren

TITLE
Chief Financial Officer
AGE
43
TENURE
1 yrs

Susanne Bolliger

TITLE
Head of Corporate Human Resources
TENURE
11.5 yrs

Martin Köppel

TITLE
Head of Global Quality
AGE
59
TENURE
2.3 yrs

Guido Schlegelmilch

TITLE
Head of the EMC Division & Executive VP
AGE
55
TENURE
8.5 yrs

Martin Lütenegger

TITLE
Head of Automotive Division & Executive VP
AGE
50
TENURE
1.4 yrs

Daniel Zeidler

TITLE
Executive VP & Head of Power Magnetics Division
AGE
47
TENURE
1.4 yrs
Board of Directors Tenure

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

5.3
Average Tenure
58.5
Average Age
  • The tenure for the Schaffner Holding board of directors is about average.
Board of Directors

Urs Kaufmann

TITLE
Chairman of the Board
COMPENSATION
CHF264K
AGE
57
TENURE
3.3 yrs

Philipp Buhofer

TITLE
Vice Chairman
COMPENSATION
CHF90K
AGE
60
TENURE
3.3 yrs

Georg Wechsler

TITLE
Director
COMPENSATION
CHF92K
AGE
63
TENURE
8.3 yrs

Gerhard Pegam

TITLE
Director
COMPENSATION
CHF90K
AGE
57
TENURE
7.3 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 Schaffner 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. Schaffner 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.

SAHN News

Simply Wall St News

Does Schaffner Holding AG (VTX:SAHN) Create Value For Shareholders?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each CHF1 of shareholders' equity it has, the company made CHF0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Has Schaffner Holding AG (VTX:SAHN) Improved Earnings Growth In Recent Times?

Today I will assess SAHN's recent performance announced on 30 September 2018 and compare these figures to its long-term trend and industry movements. … Did SAHN's recent earnings growth beat the long-term trend and the industry. … SAHN's trailing twelve-month earnings (from 30 September 2018) of CHF9.4m has.

Simply Wall St -

What Schaffner Holding AG's (VTX:SAHN) ROE Tells Us

To keep the lesson grounded in practicality, we'll use ROE to better understand Schaffner Holding AG (VTX:SAHN). … Schaffner Holding has a ROE of 15%, based on the last twelve months. … Another way to think of that is that for every CHF1 worth of equity in the company, it was able to earn CHF0.15.

Simply Wall St -

Should You Be Concerned About Schaffner Holding AG's (VTX:SAHN) Investors?

In this article, I'm going to take a look at Schaffner Holding AG’s (VTX:SAHN) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Schaffner Holding AG (VTX:SAHN) And The Tech Sector Outlook 2018

tech hardware … Whether it’s the next big thing in tech such as artificial intelligence and robotics, or an alliance with a partner in another industry, for example healthcare or manufacturing, tech companies have plenty of opportunities for their companies to thrive … Tech analysts are forecasting for the entire hardware tech industry,

Simply Wall St -

How Financially Strong Is Schaffner Holding AG (VTX:SAHN)?

Investors are always looking for growth in small-cap stocks like Schaffner Holding AG (VTX:SAHN), with a market cap of CHF203.81m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Should Schaffner Holding AG (VTX:SAHN) Be Part Of Your Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Schaffner Holding AG (VTX:SAHN) has returned to shareholders over the past 10 years, an average dividend yield of 1.00% annually. … Let's dig deeper into whether Schaffner Holding should have a place in your portfolio.

Simply Wall St -

Should You Sell Schaffner Holding AG (VTX:SAHN) At This PE Ratio?

This article is intended for those of you who are at the beginning of your investing journey. … and want to better understand how you can grow your money by investing in Schaffner Holding AG (VTX:SAHN). … Schaffner Holding AG (VTX:SAHN) is currently trading at a trailing P/E of 24.4x, which is higher than the industry average of 24.3x.

Simply Wall St -

A Look At Schaffner Holding AG's (VTX:SAHN) Exceptional Fundamentals

Schaffner Holding AG (VTX:SAHN) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of SAHN, it

Simply Wall St -

Is Now The Right Time To Buy Schaffner Holding AG (SWX:SAHN)?

Schaffner Holding AG (SWX:SAHN) is considered a high-growth stock, but its last closing price of CHF348 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Schaffner Holding's extremely high growth potential in the near future is attracting investors

Simply Wall St -

SAHN Company Info

Description

Schaffner Holding AG, together with its subsidiaries, develops, manufactures, and sells solutions for power electronic systems worldwide. The company operates through three segments: Electromagnetic Compatibility (EMC), Power Magnetics, and Automotive. It offers EMC/EMI filters and chokes, including IEC inlet filters and power entry modules, single-phase filters, DC filters, 3-phase filters, 3-phase + neutral line filters, LCL filters, open frame filters, feedthrough components, PCB filters, and pulse transformers; power solutions comprising line and load reactors, Ecosine passive harmonic filters, Ecosine active harmonic filters, and output filters; and power magnetics, which include inductors, filters, and transformers. The company also provides automotive components, such as EMC/EMI filters, common mode chokes, inductors, and antennas. It primarily serves motor drives, machinery, building technology, factory automation, mobility, renewables, power supply, and automotive markets. The company was founded in 1962 and is headquartered in Luterbach, Switzerland.

Details
Name: Schaffner Holding AG
SAHN
Exchange: SWX
Founded: 1962
CHF84,762,638
632,557
Website: http://www.schaffner.com
Address: Schaffner Holding AG
Nordstrasse 11e,
Luterbach,
Solothurn, 4542,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX SAHN Registered Shares SIX Swiss Exchange CH CHF 17. Jun 1998
DB SFRN Registered Shares Deutsche Boerse AG DE EUR 17. Jun 1998
LSE 0QJY Registered Shares London Stock Exchange GB CHF 17. Jun 1998
Number of employees
Current staff
Staff numbers
2,422
Schaffner Holding employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 21:38
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2019/12/05
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


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.