BUCHER INDUSTRIES AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 360.5 CHF | +1.12% |
|
-4.25% | +2.07% |
| Apr. 25 | Swiss Engineering Group Bucher Industries' Q1 Net Sales Fall | MT |
| Mar. 01 | Transcript : Bucher Industries AG, 2023 Earnings Call, Mar 01, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,470 | 4,148 | 4,611 | 3,956 | 3,616 | 3,691 | - | - |
| Enterprise Value (EV) 1 | 3,255 | 3,744 | 4,060 | 3,499 | 3,616 | 3,171 | 3,041 | 2,939 |
| P/E ratio | 15.5 x | 27.6 x | 17.4 x | 12 x | 10.3 x | 13.7 x | 13.7 x | 12.8 x |
| Yield | 2.35% | 1.6% | 2.11% | 3.36% | - | 3.43% | 3.54% | 3.77% |
| Capitalization / Revenue | 1.12 x | 1.51 x | 1.45 x | 1.1 x | 1.01 x | 1.13 x | 1.12 x | 1.07 x |
| EV / Revenue | 1.05 x | 1.37 x | 1.28 x | 0.97 x | 1.01 x | 0.97 x | 0.92 x | 0.85 x |
| EV / EBITDA | 8.85 x | 13 x | 9.3 x | 6.85 x | 7.08 x | 7.44 x | 6.98 x | 6.34 x |
| EV / FCF | 19.1 x | 12.1 x | 15 x | 50.7 x | - | 11 x | 10.2 x | 11.5 x |
| FCF Yield | 5.25% | 8.3% | 6.67% | 1.97% | - | 9.1% | 9.81% | 8.66% |
| Price to Book | 2.53 x | 3.02 x | 3.05 x | - | - | 1.91 x | 1.78 x | 1.65 x |
| Nbr of stocks (in thousands) | 10,212 | 10,226 | 10,225 | 10,228 | 10,238 | 10,239 | - | - |
| Reference price 2 | 339.8 | 405.6 | 451.0 | 386.8 | 353.2 | 360.5 | 360.5 | 360.5 |
| Announcement Date | 1/30/20 | 3/3/21 | 3/4/22 | 2/21/23 | 2/26/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,106 | 2,741 | 3,176 | 3,597 | 3,575 | 3,278 | 3,298 | 3,438 |
| EBITDA 1 | 368 | 287 | 436.6 | 511 | 510.4 | 426.2 | 435.9 | 463.2 |
| EBIT 1 | 285 | 204 | 351.9 | 425 | 424.4 | 339.5 | 343.2 | 366.3 |
| Operating Margin | 9.18% | 7.44% | 11.08% | 11.82% | 11.87% | 10.36% | 10.41% | 10.65% |
| Earnings before Tax (EBT) 1 | 281.5 | 200.2 | 351.8 | 422.8 | 436.5 | 349.7 | 346 | 374.6 |
| Net income 1 | 228 | 152 | 269.2 | 335 | 352.1 | 276.3 | 272.2 | 289.4 |
| Net margin | 7.34% | 5.55% | 8.48% | 9.31% | 9.85% | 8.43% | 8.25% | 8.42% |
| EPS 2 | 21.92 | 14.71 | 25.96 | 32.36 | 34.38 | 26.23 | 26.29 | 28.25 |
| Free Cash Flow 1 | 170.8 | 310.7 | 270.7 | 69 | - | 288.5 | 298.2 | 254.5 |
| FCF margin | 5.5% | 11.34% | 8.52% | 1.92% | - | 8.8% | 9.04% | 7.4% |
| FCF Conversion (EBITDA) | 46.41% | 108.26% | 62% | 13.5% | - | 67.7% | 68.42% | 54.95% |
| FCF Conversion (Net income) | 74.91% | 204.41% | 100.56% | 20.6% | - | 104.43% | 109.57% | 87.95% |
| Dividend per Share 2 | 8.000 | 6.500 | 9.500 | 13.00 | - | 12.36 | 12.76 | 13.58 |
| Announcement Date | 1/30/20 | 3/3/21 | 3/4/22 | 2/21/23 | 2/26/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,445 | 1,357 | - | 1,608 | 756.2 | - | - | - | 1,778 | 846.3 | 973 | 1,819 | 1,939 | 793.2 | 851 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | 94.4 | - | 179.3 | - | - | - | - | 203 | - | - | 222 | 246.4 | - | - | - | - | - | - |
| Operating Margin | - | 6.96% | - | 11.15% | - | - | - | - | 11.42% | - | - | 12.2% | 12.71% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | 91.9 | - | - | - | - | - | - | 199.7 | - | - | 223.1 | - | - | - | - | - | - | - |
| Net income | - | 68.5 | 81.9 | 137 | - | 131.2 | 132.2 | 76.55 | 153.1 | - | - | 181.9 | 198.1 | - | - | - | - | 204.4 | - |
| Net margin | - | 5.05% | - | 8.52% | - | - | - | - | 8.61% | - | - | 10% | 10.22% | - | - | - | - | - | - |
| EPS | - | 6.710 | 8.000 | 13.40 | - | 6.280 | 12.56 | 7.490 | 14.97 | - | - | 17.39 | - | - | - | 8.777 | - | 19.93 | - |
| Dividend per Share 2 | - | - | - | 6.661 | - | - | - | - | - | - | - | - | - | - | - | 13.50 | - | - | - |
| Announcement Date | 1/30/20 | 7/30/20 | 3/3/21 | 7/29/21 | 10/26/21 | 3/4/22 | 3/4/22 | 7/28/22 | 7/28/22 | 10/27/22 | 2/21/23 | 2/21/23 | 7/27/23 | 10/26/23 | - | - | - | - | - |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 215 | 404 | 551 | 457 | - | 520 | 651 | 753 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 171 | 311 | 271 | 69 | - | 289 | 298 | 255 |
| ROE (net income / shareholders' equity) | 17% | 10.9% | 18.4% | - | - | 14.7% | 13.4% | 12.9% |
| ROA (Net income/ Total Assets) | 8.96% | 6.05% | - | - | - | - | - | - |
| Assets 1 | 2,544 | 2,514 | - | - | - | - | - | - |
| Book Value Per Share 2 | 134.0 | 134.0 | 148.0 | - | - | 188.0 | 202.0 | 218.0 |
| Cash Flow per Share 2 | 27.80 | 37.10 | 33.50 | - | - | 48.20 | 35.80 | 35.90 |
| Capex 1 | 114 | 69 | 73.5 | 97 | - | 140 | 124 | 123 |
| Capex / Sales | 3.67% | 2.52% | 2.31% | 2.7% | - | 4.26% | 3.75% | 3.58% |
| Announcement Date | 1/30/20 | 3/3/21 | 3/4/22 | 2/21/23 | 2/26/24 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
360.5
CHF
Average target price
411.9
CHF
Spread / Average Target
+14.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.07% | 4.04B | |
| -1.64% | 109B | |
| -8.84% | 9.14B | |
| +10.34% | 4.35B | |
| +27.11% | 2.79B | |
| +64.52% | 2.27B | |
| -10.00% | 1.28B | |
| +18.94% | 834M | |
| +102.98% | 603M | |
| +39.37% | 546M |
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- Financials Bucher Industries AG
