OC Oerlikon Corporation AG
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Penke I guess you are interested in OC Oerlikon Corporation AG. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of OC Oerlikon Corporation AG. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Oerlikon (30 sec.)

What can you expect buying and holding a share of Oerlikon? (30 sec.)

How much money do you get?

CHF0.72

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

CHF3.55

Expected worth in 1 year

CHF3.06

How sure are you?

81.8%

+ What do you gain per year?

Total Gains per Share

CHF0.17

Return On Investment

4.3%

For what price can you sell your share?

Current Price per Share

CHF4.01

Expected price per share

CHF3.517 - CHF4.2696

How sure are you?

50%

1. Valuation of Oerlikon (5 min.)

Live pricePrice per Share (EOD)

CHF4.01

Book Value per Share

CHF3.55

2. Growth of Oerlikon (5 min.)

Is Oerlikon growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.3b	$1.5b	-$129.4m	-9.4%

How much money is Oerlikon making?

	Current year	Previous year	Grow	Grow %
Making money	$21.2m	$23.3m	-$2.1m	-10.3%
Net Profit Margin	2.7%	0.0%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Oerlikon (5 min.)

What can you expect buying and holding a share of Oerlikon? (5 min.)

Welcome investor! Oerlikon's management wants to use your money to grow the business. In return you get a share of Oerlikon.

What can you expect buying and holding a share of Oerlikon?

First you should know what it really means to hold a share of Oerlikon. And how you can make/lose money.

Speculation

The Price per Share of Oerlikon is CHF4.014. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Oerlikon.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Oerlikon, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is CHF3.55. Based on the TTM, the Book Value Change Per Share is CHF-0.12 per quarter. Based on the YOY, the Book Value Change Per Share is CHF0.00 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is CHF0.16 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Oerlikon.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	CHF	% of Price per Share	CHF	% of Price per Share	CHF	% of Price per Share	CHF	% of Price per Share	CHF	% of Price per Share
Usd Eps	0.12	3.0%	0.06	1.5%	0.14	3.4%	0.10	2.5%	0.10	2.5%
Usd Book Value Change Per Share	0.00	0.0%	-0.13	-3.3%	0.00	0.0%	0.35	8.7%	0.35	8.7%
Usd Dividend Per Share	0.18	4.5%	0.18	4.5%	0.18	4.5%	0.18	4.5%	0.18	4.5%
Usd Total Gains Per Share	0.18	4.5%	0.05	1.2%	0.18	4.5%	0.53	13.2%	0.53	13.2%
Usd Price Per Share	4.85	-	6.00	-	9.09	-	8.49	-	8.49	-
Price to Earnings Ratio	10.21	-	183.78	-	16.70	-	79.81	-	79.81	-
Price-to-Total Gains Ratio	27.11	-	-32.80	-	50.39	-	15.29	-	15.29	-
Price to Book Ratio	1.26	-	1.49	-	2.07	-	2.00	-	2.00	-
Price-to-Total Gains Ratio	27.11	-	-32.80	-	50.39	-	15.29	-	15.29	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	4.3656264
Number of shares	229

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.18	0.18
Usd Book Value Change Per Share	-0.13	0.35
Usd Total Gains Per Share	0.05	0.53
Gains per Quarter (229 shares)	10.69	121.53
Gains per Year (229 shares)	42.75	486.10

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	164	-121	33	165	321	476
2	327	-242	76	329	643	962
3	491	-363	119	494	964	1448
4	655	-484	162	659	1286	1934
5	819	-605	205	823	1607	2420
6	982	-726	248	988	1929	2906
7	1146	-847	291	1153	2250	3392
8	1310	-968	334	1317	2571	3878
9	1474	-1089	377	1482	2893	4364
10	1637	-1210	420	1647	3214	4850

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	11.0	0.0	0.0	100.0%	11.0	0.0	0.0	100.0%	11.0	0.0	0.0	100.0%	11.0	0.0	0.0	100.0%
Book Value Change Per Share	0.0	2.0	2.0	0.0%	2.0	2.0	7.0	18.2%	2.0	2.0	7.0	18.2%	2.0	2.0	7.0	18.2%	2.0	2.0	7.0	18.2%
Dividend per Share	4.0	0.0	0.0	100.0%	11.0	0.0	0.0	100.0%	11.0	0.0	0.0	100.0%	11.0	0.0	0.0	100.0%	11.0	0.0	0.0	100.0%
Total Gains per Share	2.0	2.0	0.0	50.0%	9.0	2.0	0.0	81.8%	9.0	2.0	0.0	81.8%	9.0	2.0	0.0	81.8%	9.0	2.0	0.0	81.8%

Fundamentals of Oerlikon

About OC Oerlikon Corporation AG

https://www.oerlikon.com
12620
Churerstrasse 120, Pfäffikon, Switzerland, 8808
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OC Oerlikon Corporation AG provides surface engineering, polymer processing, and additive manufacturing services in Switzerland, Americas, the Asia-Pacific, and Europe. The company operates through two segments, Surface Solutions and Polymer Processing. It offers engine fan compressors, engine hot section, landing gears, actuation systems, aircraft interior, and hydraulic systems for aerospace; engine and brake systems, transmission, drive train, steering and suspension, exhaust systems, piping and tubing systems, exterior, lighting, green hydrogen, interior, heat exchanger and EGR coolers, peripherals and design parts, and thermal insulation systems for automotive; and oil and gas, and boilers, as well as hydro, gas, steam, and wind turbines for energy industry. In addition, the company offers cutting, metal forming, plastic processing, and die casting for tooling industry; additives, coatings, conductive filler materials, control units, thermal spray systems and components, face to face systems, valve fate systems, hot valves, hot runner systems, single nozzles, stack molds, surface solutions, and valve gates group single nozzles; AM metal powder for additive manufacturing; polymer processing for textile and apparel, functional wear, transportation, packaging, flooring and textile, medical and fiber, and infrastructure; and spine implants, medical, artificial joints, dental and veterinary implants, and surgical and minimally invasive surgical instruments for medical industry. It serves surface solutions under Oerlikon Balzers, Oerlikon Metco, and Oerlikon AM ; and polymer processing solutions under Oerlikon Barmag, Oerlikon Neumag, Oerlikon Nonwoven, and Oerlikon HRSFlow name. OC Oerlikon Corporation AG was founded in 1907 and is headquartered in Pfäffikon, Switzerland.

Fundamental data was last updated by Penke on 2024-04-17 23:17:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of OC Oerlikon Corporation AG.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Oerlikon earns for each CHF1 of revenue.

Above 10% is considered healthy but always compare Oerlikon to the industry mean.
A Net Profit Margin of 5.2% means that CHF0.05 for each CHF1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of OC Oerlikon Corporation AG:

The MRQ is 5.2%. The company is making a profit. +1
The TTM is 2.7%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	5.2%	TTM	2.7%	+2.5%
TTM	2.7%	YOY	-	+2.7%
TTM	2.7%	5Y	2.0%	+0.7%
5Y	2.0%	10Y	2.0%	0.0%

Measures how much net profit Oerlikon earns for each CHF1 of revenue.

Revenue is the amount of profit Oerlikon generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you CHF3. The company does not earn CHF3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is CHF1.5.

The CHF3 you pay for a cup of coffee is called revenue.
The CHF1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Oerlikon earns for each CHF1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Oerlikon to the industry mean.
Can be used to compare companies within the industry.

You typically want a high profit margin. This means that for each CHF1 in sales, Oerlikon makes more profit. This shows the investor how efficiently Oerlikon is operating in general and compared to other companies in the same industry. Oerlikon operates in the industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Oerlikon. If profit margins remain low (compared to the industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Oerlikon is 0.05. This means that Oerlikon earned CHF0.05 for each CHF1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the industry is .
What is the trend?
The trend is important because it shows you how Oerlikon is performing over time. The most recent quarter might be important if Oerlikon released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Oerlikon up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Oerlikon with other companies in the same industry ().
Net profit margin should rise over the years.
Can be influenced when Oerlikon sells assets (profit will increase while costs remain the same).
It won’t show what part of Oerlikon is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Oerlikon

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Oerlikon = 37,500
Total revenue MRQ Oerlikon = 718,500
CHF37,500 / CHF718,500 = 0.05 or 5.2%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Oerlikon is using its assets to generate profit.

Above 5% is considered healthy but always compare Oerlikon to the industry mean.
0.8% Return on Assets means that Oerlikon generated CHF0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of OC Oerlikon Corporation AG:

The MRQ is 0.8%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.8%	TTM	0.4%	+0.4%
TTM	0.4%	YOY	0.5%	-0.1%
TTM	0.4%	5Y	0.8%	-0.3%
5Y	0.8%	10Y	0.8%	0.0%

Shows how efficient Oerlikon is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Oerlikon to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Oerlikon is using its resources to generate profit. If the return on assets (0.8%) from Oerlikon are higher than the mean () that means Oerlikon is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Oerlikon is 0.8%. This means the company generated CHF0.01 for each CHF1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the industry is .
What is the trend?
The trend is important because it shows you how Oerlikon is performing over time. The most recent quarter might be important if Oerlikon released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Oerlikon up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Oerlikon

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Oerlikon = 37,500
Total assets MRQ (balance sheet) from Oerlikon = 4,551,000
37,500 / 4,551,000 = 0.01 or 0.8%

ROA is an important ratio as it will tell you how effectively Oerlikon is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Oerlikon is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Oerlikon to the industry mean.
3.2% Return on Equity means Oerlikon generated CHF0.03 for each CHF1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of OC Oerlikon Corporation AG:

The MRQ is 3.2%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.7%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.2%	TTM	1.7%	+1.5%
TTM	1.7%	YOY	1.6%	+0.1%
TTM	1.7%	5Y	2.3%	-0.7%
5Y	2.3%	10Y	2.3%	0.0%

Shows how efficient Oerlikon is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Oerlikon to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Oerlikon is 3.2%. This means Oerlikon generated CHF0.03 for each CHF1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the industry is .
What is the trend?
The trend is important because it shows you how Oerlikon is performing over time. The most recent quarter might be important if Oerlikon released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Oerlikon up to 10 years back (depending if Oerlikon existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Oerlikon

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Oerlikon = 37,500
Shareholders equity (balance sheet) MRQ Oerlikon = 1,178,000
37,500 / 1,178,000 = 0.03 or 3.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of OC Oerlikon Corporation AG.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Oerlikon is operating .

Measures how much profit Oerlikon makes for each CHF1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Oerlikon to the industry mean.
An Operating Margin of 6.8% means the company generated CHF0.07 for each CHF1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of OC Oerlikon Corporation AG:

The MRQ is 6.8%. The company is operating less efficient.
The TTM is 4.6%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	6.8%	TTM	4.6%	+2.2%
TTM	4.6%	YOY	-	+4.6%
TTM	4.6%	5Y	2.3%	+2.3%
5Y	2.3%	10Y	2.3%	0.0%

Measures how efficient Oerlikon is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Oerlikon to the industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Oerlikon is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Oerlikon is 6.8%. This means that Oerlikon earned CHF0.07 for each CHF1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the industry is .
What is the trend?
The trend is important because it shows you how Oerlikon is performing over time. The most recent quarter might be important if Oerlikon released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Oerlikon up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Oerlikon

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Oerlikon = 49,000
Total revenue MRQ Oerlikon = 718,500
CHF49,000 / CHF718,500 = 0.07 or 6.8%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Oerlikon is keeping operating costs low.

Below 1 is considered healthy (always compare to industry mean).
An Operation Ratio of 0.92 means that the operating costs are CHF0.92 for each CHF1 in net sales.

Let's take a look of the Operating Ratio trends of OC Oerlikon Corporation AG:

The MRQ is 0.921. The company is less efficient in keeping operating costs low.
The TTM is 0.945. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.921	TTM	0.945	-0.025
TTM	0.945	YOY	-	+0.945
TTM	0.945	5Y	0.475	+0.471
5Y	0.475	10Y	0.475	0.000

Measures how efficient Oerlikon is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Oerlikon to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Oerlikon is 92.1%. This means that Oerlikon earned CHF0.92 for each CHF1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Oerlikon is performing over time. The most recent quarter might be important if Oerlikon released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Oerlikon up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Oerlikon

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(534,000 +127,500) \ 718,500 = 0.92

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of OC Oerlikon Corporation AG.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Oerlikon is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to industry mean).
A Current Ratio of 1.23 means the company has CHF1.23 in assets for each CHF1 in short-term debts.

Let's take a look of the Current Ratio trends of OC Oerlikon Corporation AG:

The MRQ is 1.234. The company is just able to pay all its short-term debts.
The TTM is 1.163. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.234	TTM	1.163	+0.071
TTM	1.163	YOY	1.134	+0.029
TTM	1.163	5Y	1.160	+0.003
5Y	1.160	10Y	1.160	0.000

Measures if Oerlikon is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Oerlikon if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Oerlikon is 1.23. This means Oerlikon has CHF1.23 in assets for each CHF1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Oerlikon is performing over time. The most recent quarter might be important if Oerlikon released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Oerlikon up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Oerlikon

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,746,000 \ 1,415,000) = 1.23

The current ratio measures if Oerlikon is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Oerlikon is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Oerlikon does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Oerlikon is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Oerlikon is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Oerlikon to the industry mean.
A Quick Ratio of 0.75 means the company can pay off CHF0.75 for each CHF1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of OC Oerlikon Corporation AG:

The MRQ is 0.753. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.705. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.753	TTM	0.705	+0.048
TTM	0.705	YOY	0.443	+0.262
TTM	0.705	5Y	0.622	+0.083
5Y	0.622	10Y	0.622	0.000

1.4. Solvency of OC Oerlikon Corporation AG.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Oerlikon assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Oerlikon to industry mean.
A Debt to Asset Ratio of 0.73 means that Oerlikon assets are financed with 73.2% credit (debt) and the remaining percentage (100% - 73.2%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of OC Oerlikon Corporation AG:

The MRQ is 0.732. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.699. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.732	TTM	0.699	+0.033
TTM	0.699	YOY	0.676	+0.022
TTM	0.699	5Y	0.671	+0.028
5Y	0.671	10Y	0.671	0.000

Measures how much % of Oerlikon assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Oerlikon than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Oerlikon to industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Oerlikon is 0.73. This means means that Oerlikon is financed with 73.2% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Oerlikon is performing over time. The most recent quarter might be important if Oerlikon released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Oerlikon up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Oerlikon has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Oerlikon

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
3,331,000 \ 4,551,000 = 73.2% or 0.73.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Oerlikon is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Oerlikon to the industry mean.
A Debt to Equity ratio of 282.8% means that company has CHF2.83 debt for each CHF1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of OC Oerlikon Corporation AG:

The MRQ is 2.828. The company is unable to pay all its debts with equity. -1
The TTM is 2.442. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	2.828	TTM	2.442	+0.385
TTM	2.442	YOY	2.090	+0.352
TTM	2.442	5Y	2.115	+0.327
5Y	2.115	10Y	2.115	0.000

Measures if Oerlikon is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Oerlikon is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Oerlikon is 2.83. This means that Oerlikon can pay off CHF2.83 for each CHF1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Oerlikon is performing over time. The most recent quarter might be important if Oerlikon released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Oerlikon up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Oerlikon

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
3,331,000 \ 1,178,000 = 2.83 or 282.8%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of OC Oerlikon Corporation AG

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every CHF1 in earnings Oerlikon generates.

Above 15 is considered overpriced but always compare Oerlikon to the industry mean.
A PE ratio of 10.21 means the investor is paying CHF10.21 for every CHF1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of OC Oerlikon Corporation AG:

The EOD is 9.199. Based on the earnings, the company is underpriced. +1
The MRQ is 10.213. Based on the earnings, the company is underpriced. +1
The TTM is 183.783. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	9.199	MRQ	10.213	-1.014
MRQ	10.213	TTM	183.783	-173.570
TTM	183.783	YOY	16.700	+167.083
TTM	183.783	5Y	79.805	+103.977
5Y	79.805	10Y	79.805	0.000

Measures how much money you pay for each share for every CHF1 in earnings Oerlikon generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Oerlikon to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Oerlikon is 10.21. This means the investor is paying CHF10.21 for every CHF1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Oerlikon is performing over time. The most recent quarter might be important if Oerlikon released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Oerlikon up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Oerlikon

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
37,500 \ 326,087 = EPS
PE ratio MRQ = 10.21

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of OC Oerlikon Corporation AG:

The EOD is -6.272. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -6.963. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -0.282. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-6.272	MRQ	-6.963	+0.691
MRQ	-6.963	TTM	-0.282	-6.682
TTM	-0.282	YOY	-	-0.282
TTM	-0.282	5Y	-0.102	-0.179
5Y	-0.102	10Y	-0.102	0.000

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Oerlikon is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to industry mean).
A PB ratio of 1.26 means the investor is paying CHF1.26 for each CHF1 in book value.

Let's take a look of the Price to Book Ratio trends of OC Oerlikon Corporation AG:

The EOD is 1.131. Based on the equity, the company is underpriced. +1
The MRQ is 1.256. Based on the equity, the company is underpriced. +1
The TTM is 1.490. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.131	MRQ	1.256	-0.125
MRQ	1.256	TTM	1.490	-0.234
TTM	1.490	YOY	2.071	-0.581
TTM	1.490	5Y	2.000	-0.510
5Y	2.000	10Y	2.000	0.000

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of OC Oerlikon Corporation AG compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-	-0.121	0%	-	0%	0.323	-100%	0.323	-100%
Book Value Per Share	-	-	3.549	3.689	-4%	4.035	-12%	3.876	-8%	3.876	-8%
Current Ratio	-	-	1.234	1.163	+6%	1.134	+9%	1.160	+6%	1.160	+6%
Debt To Asset Ratio	-	-	0.732	0.699	+5%	0.676	+8%	0.671	+9%	0.671	+9%
Debt To Equity Ratio	-	-	2.828	2.442	+16%	2.090	+35%	2.115	+34%	2.115	+34%
Dividend Per Share	-	-	0.164	0.164	0%	0.166	-1%	0.165	-1%	0.165	-1%
Eps	-	-	0.109	0.057	+92%	0.125	-13%	0.093	+17%	0.093	+17%
Free Cash Flow Per Share	-	-	-0.160	0.032	-600%	-	-	0.032	-600%	0.032	-600%
Free Cash Flow To Equity Per Share	-	-	0.633	0.352	+80%	-	-	0.352	+80%	0.352	+80%
Gross Profit Margin	-	-	-0.373	-16.353	+4280%	0.500	-175%	-5.492	+1371%	-5.492	+1371%
Market Cap	1379812564.224	-11%	1531921946.304	1895661025.734	-19%	2872349352.445	-47%	2682181374.843	-43%	2682181374.843	-43%
Net Profit Margin	-	-	0.052	0.027	+93%	-	+100%	0.020	+157%	0.020	+157%
Operating Margin	-	-	0.068	0.046	+48%	-	+100%	0.023	+203%	0.023	+203%
Operating Ratio	-	-	0.921	0.945	-3%	-	+100%	0.475	+94%	0.475	+94%
Pb Ratio	1.131	-11%	1.256	1.490	-16%	2.071	-39%	2.000	-37%	2.000	-37%
Pe Ratio	9.199	-11%	10.213	183.783	-94%	16.700	-39%	79.805	-87%	79.805	-87%
Price Per Share	4.014	-11%	4.457	5.515	-19%	8.356	-47%	7.803	-43%	7.803	-43%
Price To Free Cash Flow Ratio	-6.272	+10%	-6.963	-0.282	-96%	-	-100%	-0.102	-99%	-0.102	-99%
Price To Total Gains Ratio	24.421	-11%	27.114	-32.803	+221%	50.392	-46%	15.287	+77%	15.287	+77%
Quick Ratio	-	-	0.753	0.705	+7%	0.443	+70%	0.622	+21%	0.622	+21%
Return On Assets	-	-	0.008	0.004	+91%	0.005	+64%	0.008	+7%	0.008	+7%
Return On Equity	-	-	0.032	0.017	+93%	0.016	+105%	0.023	+36%	0.023	+36%
Total Gains Per Share	-	-	0.164	0.043	+283%	0.166	-1%	0.488	-66%	0.488	-66%
Usd Book Value	-	-	1326872000.000	1379076800.000	-4%	1508501200.000	-12%	1448979818.182	-8%	1448979818.182	-8%
Usd Book Value Change Per Share	-	-	-	-0.132	0%	-	0%	0.351	-100%	0.351	-100%
Usd Book Value Per Share	-	-	3.860	4.012	-4%	4.388	-12%	4.215	-8%	4.215	-8%
Usd Dividend Per Share	-	-	0.179	0.179	0%	0.180	-1%	0.180	-1%	0.180	-1%
Usd Eps	-	-	0.119	0.062	+92%	0.136	-13%	0.102	+17%	0.102	+17%
Usd Free Cash Flow	-	-	-59818000.000	11963600.000	-600%	-	-100%	4350400.000	-1475%	4350400.000	-1475%
Usd Free Cash Flow Per Share	-	-	-0.174	0.035	-600%	-	-	0.035	-600%	0.035	-600%
Usd Free Cash Flow To Equity Per Share	-	-	0.688	0.383	+80%	-	-	0.383	+80%	0.383	+80%
Usd Market Cap	1500684144.850	-11%	1666118308.800	2061720931.589	-19%	3123967155.719	-47%	2917140463.280	-43%	2917140463.280	-43%
Usd Price Per Share	4.366	-11%	4.847	5.998	-19%	9.088	-47%	8.486	-43%	8.486	-43%
Usd Profit	-	-	40785000.000	21208200.000	+92%	23383400.000	+74%	33369545.455	+22%	33369545.455	+22%
Usd Revenue	-	-	781440600.000	792316600.000	-1%	-	+100%	526892763.636	+48%	526892763.636	+48%
Usd Total Gains Per Share	-	-	0.179	0.047	+283%	0.180	-1%	0.531	-66%	0.531	-66%
	EOD	+3 -5	MRQ	TTM	+20 -12	YOY	+12 -18	5Y	+18 -18	10Y	+18 -18

3.2. Fundamental Score

Let's check the fundamental score of OC Oerlikon Corporation AG based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	9.199
Price to Book Ratio (EOD)	Between	0-1	1.131
Net Profit Margin (MRQ)	Greater than	0	0.052
Operating Margin (MRQ)	Greater than	0	0.068
Quick Ratio (MRQ)	Greater than	1	0.753
Current Ratio (MRQ)	Greater than	1	1.234
Debt to Asset Ratio (MRQ)	Less than	1	0.732
Debt to Equity Ratio (MRQ)	Less than	1	2.828
Return on Equity (MRQ)	Greater than	0.15	0.032
Return on Assets (MRQ)	Greater than	0.05	0.008
Total			5/10 (50.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of OC Oerlikon Corporation AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	53.205
Ma 20	Greater than	Ma 50	3.961
Ma 50	Greater than	Ma 100	4.092
Ma 100	Greater than	Ma 200	3.886
Open	Greater than	Close	4.014
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in CHF. All numbers in thousands.

Summary

Total Assets	4,551,000
Total Liabilities	3,331,000
Total Stockholder Equity	1,178,000

	As reported
Total Liabilities	3,331,000
Total Stockholder Equity	+ 1,178,000
Total Assets	= 4,551,000

Assets

Total Assets	4,551,000
Total Current Assets	1,746,000
Long-term Assets	2,633,000

Total Current Assets

Total Current Assets (as reported)	1,746,000
Cash And Cash Equivalents	492,000
Short-term Investments	18,000
Net Receivables	537,000
Inventory	534,000
Other Current Assets	165,000
Total Current Assets (calculated)	1,746,000
+/-	0

Long-term Assets

Long-term Assets (as reported)	2,633,000
Property Plant Equipment	735,000
Intangible Assets	1,856,000
Other Assets	172,000
Long-term Assets (calculated)	2,763,000
+/-	130,000

Liabilities & Shareholders' Equity

Total Current Liabilities	1,415,000
Long-term Liabilities	1,264,000
Total Stockholder Equity	1,178,000

Total Current Liabilities

Total Current Liabilities (as reported)	1,415,000
Accounts payable	355,000
Other Current Liabilities	1,060,000
Total Current Liabilities (calculated)	1,415,000
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	1,264,000
Other Liabilities	467,000
Long-term Liabilities (calculated)	467,000
+/-	797,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,178,000
Common Stock	340,000
Retained Earnings	772,000
Other Stockholders Equity	66,000
Total Stockholder Equity (calculated)	1,178,000
+/-	0

Other

Cash and Short Term Investments	510,000
Common Stock Shares Outstanding	326,087
Net Debt	-492,000
Net Tangible Assets	-678,000

Balance Sheet

Currency in CHF. All numbers in thousands.

Trend

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

> Total Assets

0
3,340,000
0
4,286,000
0
0
0
0
3,937,000
3,937,000
4,551,000
4,551,000

4,551,000

3,937,000

4,286,000

3,340,000

> Total Current Assets

1,233,000
1,233,000
1,617,000
1,617,000
1,734,000
1,734,000
1,783,000
1,783,000
1,597,000
1,597,000
1,746,000
1,746,000

1,746,000

1,597,000

1,783,000

1,734,000

1,617,000

1,233,000

Cash And Cash Equivalents

0
414,000
0
502,000
0
0
0
0
463,000
463,000
492,000
492,000

492,000

463,000

502,000

414,000

Short-term Investments

0
19,000
0
25,000
0
0
0
0
13,000
13,000
18,000
18,000

18,000

13,000

25,000

19,000

Net Receivables

465,000
465,000
662,000
662,000
673,000
673,000
700,000
700,000
472,000
472,000
537,000
537,000

537,000

472,000

700,000

673,000

662,000

465,000

Inventory

310,000
310,000
390,000
390,000
407,000
407,000
522,000
522,000
504,000
504,000
534,000
534,000

534,000

504,000

522,000

407,000

390,000

310,000

Other Current Assets

4,000
4,000
1,000
1,000
9,000
9,000
7,000
7,000
145,000
145,000
165,000
165,000

165,000

145,000

7,000

9,000

1,000

4,000

> Long-term Assets

0
0
0
0
0
0
0
0
2,100,000
2,100,000
2,633,000
2,633,000

2,633,000

2,100,000

Property Plant Equipment

771,000
771,000
810,000
810,000
792,000
792,000
741,000
741,000
705,000
705,000
735,000
735,000

735,000

705,000

741,000

792,000

810,000

771,000

Goodwill

0
0
0
0
0
0
0
0
785,000
785,000
0
0

785,000

Intangible Assets

0
1,135,000
0
1,608,000
0
0
0
0
568,000
568,000
1,856,000
1,856,000

1,856,000

568,000

1,608,000

1,135,000

> Total Liabilities

0
2,016,000
0
2,899,000
0
0
0
0
2,621,000
2,621,000
3,331,000
3,331,000

3,331,000

2,621,000

2,899,000

2,016,000

> Total Current Liabilities

1,122,000
1,122,000
1,306,000
1,306,000
1,522,000
1,522,000
1,580,000
1,580,000
1,462,000
1,462,000
1,415,000
1,415,000

1,415,000

1,462,000

1,580,000

1,522,000

1,306,000

1,122,000

Accounts payable

284,000
284,000
287,000
287,000
355,000
355,000
339,000
339,000
400,000
400,000
355,000
355,000

355,000

400,000

339,000

355,000

287,000

284,000

Other Current Liabilities

598,000
598,000
777,000
777,000
764,000
764,000
723,000
723,000
1,062,000
1,062,000
1,060,000
1,060,000

1,060,000

1,062,000

723,000

764,000

777,000

598,000

> Long-term Liabilities

0
0
0
0
0
0
0
0
604,000
604,000
1,264,000
1,264,000

1,264,000

604,000

Deferred Long Term Liability

105,000
105,000
0
0
100,000
100,000
0
0
92,000
92,000
0
0

92,000

100,000

105,000

> Total Stockholder Equity

0
1,324,000
0
1,387,000
0
0
0
0
1,274,000
1,274,000
1,178,000
1,178,000

1,178,000

1,274,000

1,387,000

1,324,000

Common Stock

340,000
340,000
340,000
340,000
340,000
340,000
340,000
340,000
340,000
340,000
340,000
340,000

340,000

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

Capital Surplus

0
558,000
0
558,000
0
0
0
0
0
0
0
0

558,000

Treasury Stock

-93,000

-123,000

Other Stockholders Equity

-163,000
-163,000
-132,000
-132,000
-192,000
-192,000
-236,000
-236,000
122,000
122,000
66,000
66,000

66,000

122,000

-236,000

-192,000

-132,000

-163,000

Balance Sheet

Currency in CHF. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Accounts Payable	400,000	355,000	284,000	264,000	277,000	366,000	-
Capital Surpluse	-	-	228,000	228,000	227,000	226,000	226,000
Cash	463,000	601,000	414,000	658,000	436,000	354,000	530,000
Cash And Short Term Investments	476,000	619,000	429,000	696,000	894,000	965,000	869,000
Common Stock	340,000	340,000	340,000	340,000	340,000	340,000	340,000
Common Stock Shares Outstanding	325,226	326,871	329,080	338,495	-	-	-
Deferred Long Term Liab	92,000	100,000	105,000	102,000	89,000	75,000	-
Good Will	785,000	815,000	562,000	543,000	542,000	537,000	495,000
Intangible Assets	568,000	623,000	468,000	472,000	597,000	692,000	659,000
Inventory	504,000	407,000	310,000	338,000	343,000	461,000	353,000
Long Term Debt	-	-	157,000	154,000	155,000	455,000	459,000
Net Debt	-463,000	-601,000	-414,000	-658,000	-	-	-
Net Receivables	472,000	525,000	341,000	321,000	445,000	628,000	369,000
Net Tangible Assets	-79,000	-14,000	294,000	741,000	951,000	817,000	-
Non Current Assets Total	2,100,000	2,271,000	1,831,000	1,889,000	-	-	-
Non Current Liabilities Total	604,000	611,000	157,000	154,000	-	-	-
Non Currrent Assets Other	-2,100,000	-2,271,000	-1,831,000	-1,889,000	-	-	-
Other Assets	240,000	336,000	276,000	268,000	229,000	270,000	162,000
Other Current Assets	145,000	183,000	153,000	135,000	869,000	7,000	3,000
Other Current Liab	1,062,000	1,167,000	838,000	733,000	985,000	575,000	-
Other Liab	392,000	558,000	534,000	549,000	549,000	747,000	-
Other Stockholder Equity	122,000	247,000	272,000	408,000	-339,000	-263,000	-432,000
Property Plant And Equipment Net	705,000	792,000	771,000	845,000	-	-	-
Property Plant Equipment	705,000	792,000	771,000	845,000	667,000	845,000	745,000
Retained Earnings	812,000	837,000	712,000	1,008,000	1,118,000	885,000	1,697,000
Short Long Term Debt Total	-	-	332,000	332,000	194,000	463,000	466,000
Short Term Investments	13,000	18,000	15,000	38,000	130,000	94,000	118,000
Total Assets	3,937,000	4,341,000	3,340,000	3,647,000	4,545,000	4,363,000	3,825,000
Total Current Assets	1,597,000	1,734,000	1,233,000	1,490,000	2,570,000	2,076,000	1,736,000
Total Current Liabilities	1,462,000	1,522,000	1,122,000	997,000	1,780,000	1,164,000	783,000
Total Liab	2,621,000	2,872,000	1,988,000	1,878,000	2,545,000	2,392,000	1,999,000
Total Stockholder Equity	1,274,000	1,424,000	1,324,000	1,756,000	2,000,000	1,971,000	1,826,000
Treasury Stock	-	-	-123,000	-63,000	-13,000	-4,000	-5,000

	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30
Accounts Payable	355,000	355,000	400,000	400,000	339,000	339,000	355,000	355,000	287,000	287,000	284,000	284,000
Capital Surpluse	-	-	-	-	-	-	-	-	558,000	-	558,000	-
Cash	492,000	492,000	463,000	463,000	-	-	-	-	502,000	-	414,000	-
Cash And Short Term Investments	510,000	510,000	476,000	476,000	-	-	-	-	527,000	-	433,000	-
Common Stock	340,000	340,000	340,000	340,000	340,000	340,000	340,000	340,000	340,000	340,000	340,000	340,000
Common Stock Shares Outstanding	326,087	326,087	319,683	319,683	-	-	-	-	-	-	-	-
Deferred Long Term Liab	-	-	92,000	92,000	-	-	100,000	100,000	-	-	105,000	105,000
Good Will	-	-	785,000	785,000	-	-	-	-	-	-	-	-
Intangible Assets	1,856,000	1,856,000	568,000	568,000	-	-	-	-	1,608,000	-	1,135,000	-
Inventory	534,000	534,000	504,000	504,000	522,000	522,000	407,000	407,000	390,000	390,000	310,000	310,000
Long Term Debt	-	-	-	-	-	-	-	-	739,000	-	157,000	-
Net Debt	-492,000	-492,000	-463,000	-463,000	-	-	-	-	-	-	-	-
Net Receivables	537,000	537,000	472,000	472,000	700,000	700,000	673,000	673,000	662,000	662,000	465,000	465,000
Net Tangible Assets	-678,000	-678,000	-79,000	-79,000	-139,000	-139,000	-14,000	-14,000	-221,000	-221,000	294,000	294,000
Non Current Assets Total	2,633,000	2,633,000	2,100,000	2,100,000	-	-	-	-	-	-	-	-
Non Current Liabilities Total	1,264,000	1,264,000	604,000	604,000	-	-	-	-	-	-	-	-
Non Currrent Assets Other	-2,633,000	-2,633,000	-2,100,000	-2,100,000	-	-	-	-	-	-	-	-
Other Assets	172,000	172,000	240,000	240,000	157,000	157,000	336,000	336,000	221,000	221,000	276,000	276,000
Other Current Assets	165,000	165,000	145,000	145,000	7,000	7,000	9,000	9,000	1,000	1,000	4,000	4,000
Other Current Liab	1,060,000	1,060,000	1,062,000	1,062,000	723,000	723,000	764,000	764,000	777,000	777,000	598,000	598,000
Other Liab	467,000	467,000	392,000	392,000	455,000	455,000	558,000	558,000	621,000	621,000	534,000	534,000
Other Stockholder Equity	66,000	66,000	122,000	122,000	-236,000	-236,000	-192,000	-192,000	-132,000	-132,000	-163,000	-163,000
Property Plant And Equipment Net	735,000	735,000	705,000	705,000	-	-	-	-	-	-	-	-
Property Plant Equipment	735,000	735,000	705,000	705,000	741,000	741,000	792,000	792,000	810,000	810,000	771,000	771,000
Retained Earnings	772,000	772,000	812,000	812,000	826,000	826,000	838,000	838,000	714,000	714,000	712,000	712,000
Short Long Term Debt Total	-	-	-	-	-	-	-	-	926,000	-	332,000	-
Short Term Investments	18,000	18,000	13,000	13,000	-	-	-	-	25,000	-	19,000	-
Total Assets	4,551,000	4,551,000	3,937,000	3,937,000	-	-	-	-	4,286,000	-	3,340,000	-
Total Current Assets	1,746,000	1,746,000	1,597,000	1,597,000	1,783,000	1,783,000	1,734,000	1,734,000	1,617,000	1,617,000	1,233,000	1,233,000
Total Current Liabilities	1,415,000	1,415,000	1,462,000	1,462,000	1,580,000	1,580,000	1,522,000	1,522,000	1,306,000	1,306,000	1,122,000	1,122,000
Total Liab	3,331,000	3,331,000	2,621,000	2,621,000	-	-	-	-	2,899,000	-	2,016,000	-
Total Stockholder Equity	1,178,000	1,178,000	1,274,000	1,274,000	-	-	-	-	1,387,000	-	1,324,000	-
Treasury Stock	-	-	-	-	-	-	-	-	-93,000	-	-123,000	-

Cash Flow

Currency in CHF. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Begin Period Cash Flow	463,000	601,000	414,000	658,000	858,000	-	-	-
Capital Expenditures	0	80,000	83,000	64,000	140,000	232,000	202,000	152,000
Change In Cash	-	-138,000	187,000	-244,000	-200,000	-12,000	120,000	-100,000
Change In Working Capital	-	-81,000	-213,000	-6,000	-5,000	-6,000	32,000	-45,000
Change To Account Receivables	-	37,000	-133,000	-27,000	-3,000	-6,000	-120,000	-
Change To Inventory	-	-118,000	-80,000	21,000	-2,000	-83,000	-88,000	-
Change To Liabilities	-	-52,000	156,000	115,000	-165,000	157,000	282,000	-
Change To Netincome	-	54,000	54,000	-36,000	189,000	5,000	65,000	-
Change To Operating Activities	-	2,000	1,000	-1,000	1,000	1,000	1,000	-
Depreciation	-	196,000	193,000	183,000	185,000	171,000	178,000	120,000
Dividends Paid	-	114,000	114,000	115,000	123,000	118,000	102,000	104,000
End Period Cash Flow	-	463,000	601,000	414,000	658,000	858,000	-	-
Free Cash Flow	-	150,000	241,000	246,000	12,000	-	-	-
Investments	-	-5,000	1,000	16,000	86,000	-54,000	15,000	-
Net Borrowings	-	-27,000	428,000	-23,000	-336,000	-2,000	-6,000	-
Net Income	33,000	89,000	164,000	35,000	-70,000	240,000	148,000	388,000
Other Cashflows From Financing Activities	-	122,000	557,000	235,000	-237,000	-15,000	-24,000	-43,000
Other Cashflows From Investing Activities	-	8,000	6,000	5,000	8,000	9,000	6,000	209,000
Other Non Cash Items	-	19,900	176,000	93,000	32,500	-	-	-
Sale Purchase Of Stock	-	-20,000	-32,000	-65,000	-64,000	-14,000	-	-
Stock Based Compensation	-	6,100	4,000	5,000	9,500	-	-	-
Total Cash From Financing Activities	-	-182,000	266,000	-432,000	-760,000	-149,000	-132,000	-448,000
Total Cash From Operating Activities	-	230,000	324,000	310,000	152,000	498,000	478,000	293,000
Total Cashflows From Investing Activities	-	-155,000	-413,000	-108,000	416,000	-342,000	-237,000	57,000

	2023-12-31	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30
Begin Period Cash Flow	14,500	14,500	-	483,000	502,000	-	-	-	-	-	-	-	-
Capital Expenditures	0	15,500	15,500	27,000	27,000	13,000	13,000	13,000	13,000	12,500	12,500	20,000	20,000
Change In Cash	-	14,500	14,500	-19,000	-19,000	-49,500	-49,500	-49,500	-49,500	44,000	44,000	-93,500	-93,500
Change In Working Capital	-	-24,000	-24,000	53,000	53,000	-	-	-	-	-180,000	-	45,000	-
Change To Account Receivables	-	-23,000	-23,000	50,500	50,500	-32,000	-32,000	-32,000	-32,000	-51,500	-51,500	2,500	2,500
Change To Inventory	-	-1,000	-1,000	2,500	2,500	-61,500	-61,500	-61,500	-61,500	-22,500	-22,500	23,500	23,500
Change To Liabilities	-	-99,000	-99,000	-24,500	-24,500	-1,500	-1,500	0	0	2,500	2,500	59,500	59,500
Change To Netincome	-	-4,500	-4,500	26,000	26,000	1,000	1,000	1,000	1,000	6,000	6,000	-13,000	-13,000
Change To Operating Activities	-	-4,500	-4,500	-5,500	-5,500	6,500	6,500	6,500	6,500	-2,500	-2,500	500	500
Depreciation	-	55,000	55,000	42,500	42,500	55,500	55,500	55,500	55,500	51,500	51,500	40,500	40,500
Dividends Paid	-	56,500	56,500	56,500	56,500	57,000	57,000	57,000	57,000	57,000	57,000	57,000	57,000
End Period Cash Flow	-	14,500	14,500	-19,000	483,000	502,000	-	-	-	-	-	-	-
Free Cash Flow	-	-55,000	-55,000	77,000	77,000	-	-	-	-	-	-	-	-
Investments	-	-500	-500	-3,500	-3,500	1,000	1,000	1,000	1,000	-500	-500	6,500	6,500
Net Borrowings	-	338,500	338,500	-47,500	-47,500	34,000	34,000	34,000	34,000	242,500	242,500	-211,000	-211,000
Net Income	-21,000	37,500	37,500	1,500	1,500	43,000	43,000	0	0	34,500	34,500	34,000	34,000
Other Cashflows From Financing Activities	-	329,000	329,000	-52,500	-52,500	-5,500	-5,500	-5,500	-5,500	-4,500	-4,500	105,075	105,075
Other Cashflows From Investing Activities	-	2,500	2,500	2,500	2,500	1,500	1,500	1,500	1,500	500	500	1,500	1,500
Other Non Cash Items	-	-109,000	-109,000	60,000	60,000	-	-	-	-	-	-	-	-
Sale Purchase Of Stock	-	-	-	-	-	-	-	-	-	-5,000	-	-65,000	-
Stock Based Compensation	-	1,000	1,000	1,550	1,550	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-	272,500	272,500	-52,500	-52,500	-38,500	-38,500	-38,500	-38,500	178,500	178,500	-223,000	-223,000
Total Cash From Operating Activities	-	-39,500	-39,500	104,000	104,000	11,000	11,000	11,000	11,000	18,000	18,000	157,500	157,500
Total Cashflows From Investing Activities	-	-208,000	-208,000	-57,000	-57,000	-20,500	-20,500	-20,500	-20,500	-160,000	-160,000	-25,500	-25,500

Income Statement

Currency in CHF. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Cost Of Revenue	2,178,000	1,903,000	1,700,000	1,867,000	1,817,000	1,405,000	1,699,000
Depreciation And Amortization	159,000	156,000	147,000	149,000	-	-	-
Discontinued Operations	-	6,000	6,000	-176,000	73,000	56,000	-
Ebit	143,000	197,000	18,000	114,000	199,000	134,000	-
Ebitda	302,000	353,000	165,000	263,000	-	-	-
Extraordinary Items	-	-	-	-176,000	73,000	56,000	306,000
Gross Profit	731,000	746,000	558,000	726,000	792,000	663,000	632,000
Income Before Tax	161,000	217,000	60,000	148,000	240,000	159,000	135,000
Income Tax Expense	68,000	55,000	22,000	39,000	68,000	64,000	-
Interest Expense	-	0	0	0	0	0	0
Interest Income	-	-	11,000	9,000	6,000	1,000	10,000
Minority Interest	-	-	28,000	13,000	21,000	18,000	-
Net Income	89,000	158,000	35,000	106,000	240,000	148,000	387,000
Net Income Applicable To Common Shares	89,000	164,000	35,000	-70,000	240,000	148,000	387,000
Operating Income	143,000	197,000	18,000	114,000	243,000	168,000	158,000
Other Operating Expenses	2,739,000	2,423,000	2,189,000	2,437,000	27,000	31,000	-
Research Development	169,000	164,000	138,000	144,000	-	-	-
Selling And Marketing Expenses	201,000	174,000	164,000	182,000	-	-	-
Selling General Administrative	217,000	216,000	229,000	276,000	407,000	361,000	356,000
Tax Provision	-	-	22,000	39,000	68,000	64,000	53,000
Total Operating Expenses	561,000	520,000	489,000	570,000	-	-	-
Total Other Income Expense Net	18,000	20,000	42,000	34,000	-	-	-
Total Revenue	2,909,000	2,649,000	2,258,000	2,593,000	2,609,000	2,068,000	2,331,000

	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30
Cost Of Revenue	534,000	534,000	571,500	571,500	-	-	-	-	847,000	-	893,000	-
Depreciation And Amortization	45,000	45,000	33,500	33,500	-	-	-	-	-	-	-	-
Ebit	49,000	49,000	17,500	17,500	54,000	54,000	-	-	44,000	44,000	33,000	33,000
Ebitda	94,000	94,000	51,000	51,000	-	-	-	-	-	-	-	-
Gross Profit	184,500	184,500	167,000	167,000	-	-	-	-	349,000	-	326,000	-
Income Before Tax	51,500	51,500	20,000	20,000	-	-	-	-	96,000	-	84,000	-
Income Tax Expense	14,000	14,000	18,000	18,000	16,000	16,000	-	-	12,000	12,000	6,500	6,500
Interest Income	-	-	-	-	-	-	-	-	1,000	-	6,000	-
Minority Interest	-	-	-	-	-	-	-	-	46,000	46,000	28,000	28,000
Net Income	37,500	37,500	1,500	1,500	-	-	-	-	70,000	-	69,000	-
Net Income Applicable To Common Shares	37,500	37,500	1,500	1,500	43,000	43,000	43,000	43,000	34,500	34,500	34,000	34,000
Operating Income	49,000	49,000	17,500	17,500	-	-	-	-	95,000	-	89,000	-
Other Operating Expenses	661,500	661,500	716,500	716,500	8,000	8,000	8,000	8,000	4,500	4,500	5,000	5,000
Research Development	31,500	31,500	51,500	51,500	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	51,500	51,500	50,000	50,000	-	-	-	-	-	-	-	-
Selling General Administrative	48,500	48,500	55,500	55,500	-	-	-	-	188,000	-	191,000	-
Tax Provision	-	-	-	-	-	-	-	-	24,000	-	13,000	-
Total Operating Expenses	127,500	127,500	145,000	145,000	-	-	-	-	-	-	-	-
Total Other Income Expense Net	2,500	2,500	2,500	2,500	-	-	-	-	-	-	-	-
Total Revenue	718,500	718,500	738,500	738,500	-	-	-	-	1,196,000	-	1,219,000	-

Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue	2,909,000
Cost of Revenue	-2,178,000
Gross Profit	731,000	731,000

Operating Income (+$)
Gross Profit	731,000
Operating Expense	-561,000
Operating Income	143,000	170,000

Operating Expense (+$)
Research Development	169,000
Selling General Administrative	217,000
Selling And Marketing Expenses	201,000
Operating Expense	561,000	587,000

Net Interest Income (+$)
Interest Income	-
Interest Expense	--
Other Finance Cost	-0
Net Interest Income	-

Pretax Income (+$)
Operating Income	143,000
Net Interest Income	-
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	161,000	125,000 EBIT - interestExpense = 143,000 157,000 89,000
Interest Expense	-
Earnings Before Interest and Taxes (EBIT)	143,000	161,000
Earnings Before Interest and Taxes (EBITDA)	302,000

After tax Income (+$)
Income Before Tax	161,000
Tax Provision	--
Net Income From Continuing Ops	-	161,000
Net Income	89,000
Net Income Applicable To Common Shares	89,000

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	2,739,000
Total Other Income/Expenses Net	18,000	0

Technical Analysis of Oerlikon
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Oerlikon. The general trend of Oerlikon is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Oerlikon's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (28.6%)		Bearish trend (-28.6%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of OC Oerlikon Corporation AG.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 4.1629 < 4.2 < 4.2696.

The bearish price targets are: 3.828 > 3.816 > 3.517.

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OC Oerlikon Corporation AG Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of OC Oerlikon Corporation AG. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close > MA 20: The price is above the MA 20. +1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending up: The MA 50 is trending up. +1
Close < MA 50: The price is below the MA 50. -1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
MA 200 trending down: The MA 200 is trending down. -1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

OC Oerlikon Corporation AG Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of OC Oerlikon Corporation AG. The current macd is -0.02408803.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Oerlikon price going up in the near term. +2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Oerlikon. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Oerlikon price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

OC Oerlikon Corporation AG Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of OC Oerlikon Corporation AG. The current adx is 13.43.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Oerlikon shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1

OC Oerlikon Corporation AG Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of OC Oerlikon Corporation AG. The current sar is 3.82706.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

OC Oerlikon Corporation AG Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of OC Oerlikon Corporation AG. The current rsi is 53.21. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 3/(-13 +13).

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

OC Oerlikon Corporation AG Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of OC Oerlikon Corporation AG. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Oerlikon price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

OC Oerlikon Corporation AG Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of OC Oerlikon Corporation AG. The current cci is 138.58.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

OC Oerlikon Corporation AG Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of OC Oerlikon Corporation AG. The current cmo is 17.40.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

OC Oerlikon Corporation AG Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of OC Oerlikon Corporation AG. The current willr is -64.19529837.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Oerlikon is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

OC Oerlikon Corporation AG Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of OC Oerlikon Corporation AG.

OC Oerlikon Corporation AG Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of OC Oerlikon Corporation AG. The current atr is 0.13767648.

OC Oerlikon Corporation AG Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of OC Oerlikon Corporation AG. The current obv is 412,645.

OC Oerlikon Corporation AG Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of OC Oerlikon Corporation AG. The current mfi is 79.00.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

OC Oerlikon Corporation AG Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for OC Oerlikon Corporation AG.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-12	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-14	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-28	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-02	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-04	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-09	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-12	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-01-16	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-19	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-24	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-29	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-31	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-02-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-09	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-02-15	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-16	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-02-20	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-02-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-02-26	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-03-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-11	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-13	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-25	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-02	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-05	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-08	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-04-10	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-11	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-12	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-15	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-04-16	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-29	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-30	STOCH	LONG EXIT		The %K line crosses below the %D line.

6.3. Candlestick Patterns

OC Oerlikon Corporation AG Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of OC Oerlikon Corporation AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	53.205
Ma 20	Greater than	Ma 50	3.961
Ma 50	Greater than	Ma 100	4.092
Ma 100	Greater than	Ma 200	3.886
Open	Greater than	Close	4.014
Total			2/5 (40.0%)

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OC Oerlikon Corporation AG Buy, Hold or Sell?

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Quick analysis of Oerlikon (30 sec.)

What can you expect buying and holding a share of Oerlikon? (30 sec.)

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1. Valuation of Oerlikon (5 min.)

CHF4.01

CHF3.55

2. Growth of Oerlikon (5 min.)

Is Oerlikon growing?

How much money is Oerlikon making?

How much money comes from the company's main activities?

3. Financial Health of Oerlikon (5 min.)

What can you expect buying and holding a share of Oerlikon? (5 min.)

What can you expect buying and holding a share of Oerlikon?

Speculation

Investing

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Linear %

Fundamentals of Oerlikon

About OC Oerlikon Corporation AG

Financial Health

Valuation

1.1. Profitability of OC Oerlikon Corporation AG.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of OC Oerlikon Corporation AG.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of OC Oerlikon Corporation AG.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of OC Oerlikon Corporation AG.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of OC Oerlikon Corporation AG

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

OC Oerlikon Corporation AG
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