Share Indicators
| Units | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Share capital (registered shares with a par value of CHF 1.00) | CHF | 960 500 | 960 500 | 960 500 | 960 500 | 960 500 |
| Treasury shares | Number | 5 453 | 86 | 189 | 491 | 1 000 |
| Shares entitled to dividend | Number | 955 047 | 960 414 | 960 311 | 960 009 | 959 500 |
| Operating result per share1 | EUR | 65.0 | 55.8 | 46.1 | 23.4 | 24.3 |
| Result of the period per share1 | EUR | 47.6 | 40.6 | 31.6 | 9.2 | 14.5 |
| Equity per share1 | EUR | 298.1 | 272.1 | 249.9 | 196.1 | 226.5 |
| Free cash flow per share1 | EUR | 60.3 | 12.4 | 28.0 | 10.8 | 18.7 |
| Dividend | CHF | 30.00 4 | 16.50 4 | 15.00 | 8.00 | 10.00 |
| Market price High Low Year-end price | CHF CHF CHF | 441 328 434 | 421.50 294 329 | 502 396 405.50 | 494.50 312 464.50 | 519 374 478.50 |
| Market capitalisation | CHF million | 416.9 | 316.0 | 389.5 | 446.2 | 459.6 |
| Dividend yield2 | % | 6.9 4 | 5.0 4 | 3.7 | 1.7 | 2.1 |
| Total shareholder return | % | 36.9 | –15.2 | –11.0 | –0.8 | –1.5 |
| Payout ratio3 | % | 65 4 | 40 4 | 44 | 81 | 62 |
| Price/profit ratio 31 December | 9.4 | 8.1 | 11.9 | 46.9 | 29.7 |
1 Based on shares entitled to dividend as at 31 December.
2 Dividend in relation to year-end price.
3 Dividend (shares entitled to dividend only) in relation to result of the period.
4 Proposal to the Shareholders’ General Meeting of 24 May 2024.
Dividend proposal of CHF 18.00 plus special dividend of CHF 12.00.
Conversion into registered shares
On 17 May 2023, Phoenix Mecano AG's General Meeting of Shareholders decided to convert the company's bearer shares into registered shares. For the exchange, the previous bearer shares (Valor 218781 / ISIN CH0002187810 / Ticker: PM) were delisted and cancelled. Instead, new registered shares (Valor 126133810 / ISIN CH1261338102 / Ticker: PMN) were issued and allocated to the shareholders in a ratio of 1:1. The exchange has been completed as of May 31, 2023 and the new registered shares are tradable on the SIX Swiss Exchange.
Dividend Policy and Proposal
Phoenix Mecano strives to achieve a payout ratio of 40% to 50% of the result of the period, adjusted for special factors. As a growth-oriented enterprise, the company relies upon the steady growth of its capital base. Phoenix Mecano returns capital not required for business development to its shareholders:
- Dividends
- Par value reduction as a tax-free investment payout
- Share buybacks with subsequent share cancellation
Analyst Coverage
Below is an overview of the analysts who regularly monitor our business performance:
| Bank | Contact |
| UBS | Joern Iffert joern.iffert@ubs.com |
| Zürcher Kantonalbank | Michael Inauen michael.inauen@zkb.ch |
| Research Partners | Reto Huber reto.huber@researchpartners.ch |
| Baader Helvea | Michael Roost mroost@helvea.com |
Investor Informations
For any further information please contact:
Investor Relations
Rochus Kobler, CEO
Phone +41-(0)43-255 4 255
info@phoenix-mecano.com
Corporate Communications/Investor Relations
Philipp Eberhard
Phone +41-(0)43-255 4 255
communications@phoenix-mecano.com
Phoenix Mecano Management AG
Lindenstrasse 23
8302 Kloten
Switzerland