ZEHNDER GROUP AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 61.3 CHF | +3.72% |
|
+3.72% | +14.58% |
| May. 16 | Switzerland's Zehnder Forecasts Lower H1 Sales | MT |
| May. 16 | Zehnder Group to Sell Climate Ceiling Solutions Unit in Germany, France | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 487.5 | 635.3 | 1,047 | 649.2 | 651.4 | 665.6 | - | - |
| Enterprise Value (EV) 1 | 462 | 538.9 | 923.8 | 603.8 | 580.6 | 569.7 | 546 | 521.7 |
| P/E ratio | 13.2 x | 13.6 x | 17.6 x | 11.7 x | - | 20.7 x | 14.7 x | 12.5 x |
| Yield | 2.24% | 2.08% | 1.93% | 3.19% | 2.37% | 1.99% | 2.4% | 2.73% |
| Capitalization / Revenue | 0.76 x | 1.03 x | 1.5 x | 0.8 x | 0.85 x | 0.94 x | 0.91 x | 0.87 x |
| EV / Revenue | 0.72 x | 0.87 x | 1.33 x | 0.74 x | 0.76 x | 0.81 x | 0.75 x | 0.68 x |
| EV / EBITDA | 7.12 x | 7.21 x | 10 x | 6.34 x | - | 8.41 x | 6.41 x | 5.45 x |
| EV / FCF | 27 x | 6.86 x | 15.9 x | 18.8 x | 8.97 x | 13.3 x | 14.6 x | 13.5 x |
| FCF Yield | 3.7% | 14.6% | 6.29% | 5.33% | 11.1% | 7.54% | 6.86% | 7.39% |
| Price to Book | 1.69 x | 2.03 x | 3.04 x | 2 x | - | 1.83 x | 1.69 x | 1.55 x |
| Nbr of stocks (in thousands) | 11,608 | 11,664 | 11,644 | 11,520 | 11,317 | 11,153 | - | - |
| Reference price 2 | 42.00 | 54.47 | 89.92 | 56.35 | 57.56 | 59.68 | 59.68 | 59.68 |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 3/1/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 644.4 | 617.7 | 697.1 | 812.5 | 762.1 | 705 | 728 | 765.9 |
| EBITDA 1 | 64.9 | 74.8 | 92.1 | 95.3 | - | 67.72 | 85.13 | 95.69 |
| EBIT 1 | 42.1 | 50.5 | 69.1 | 71.4 | 60.2 | 43.38 | 59.7 | 69.77 |
| Operating Margin | 6.53% | 8.18% | 9.91% | 8.79% | 7.9% | 6.15% | 8.2% | 9.11% |
| Earnings before Tax (EBT) 1 | 40.9 | 47.2 | 68.4 | - | - | 41.6 | 53.05 | 60.2 |
| Net income 1 | 30.6 | 38.9 | 59.7 | 55.4 | 44.6 | 32.49 | 45.51 | 53.45 |
| Net margin | 4.75% | 6.3% | 8.56% | 6.82% | 5.85% | 4.61% | 6.25% | 6.98% |
| EPS 2 | 3.170 | 4.010 | 5.120 | 4.830 | - | 2.883 | 4.069 | 4.787 |
| Free Cash Flow 1 | 17.1 | 78.6 | 58.1 | 32.2 | 64.7 | 42.97 | 37.43 | 38.53 |
| FCF margin | 2.65% | 12.72% | 8.33% | 3.96% | 8.49% | 6.09% | 5.14% | 5.03% |
| FCF Conversion (EBITDA) | 26.35% | 105.08% | 63.08% | 33.79% | - | 63.44% | 43.97% | 40.27% |
| FCF Conversion (Net income) | 55.88% | 202.06% | 97.32% | 58.12% | 145.07% | 132.25% | 82.25% | 72.09% |
| Dividend per Share 2 | 0.9413 | 1.134 | 1.734 | 1.797 | 1.364 | 1.186 | 1.432 | 1.628 |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 3/1/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 283.9 | 333.8 | 348.8 | 399.6 | 412.9 | - | 355.1 | 345 |
| EBITDA 1 | 28.5 | - | - | 48.3 | - | - | - | 22.3 |
| EBIT 1 | 17.5 | 33 | - | 36.9 | 34.5 | 37.5 | - | 10.3 |
| Operating Margin | 6.16% | 9.89% | - | 9.23% | 8.36% | - | - | 2.99% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 12.3 | - | 32.2 | 28.4 | 27 | 27 | - | 6.2 |
| Net margin | 4.33% | - | 9.23% | 7.11% | 6.54% | - | - | 1.8% |
| EPS 2 | 1.060 | - | 2.760 | 2.450 | - | 2.380 | - | 0.5570 |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 2/24/21 | 7/28/21 | 7/27/22 | 3/1/23 | 7/28/23 | 2/28/24 | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 25.5 | 96.4 | 123 | 45.4 | 70.8 | 95.9 | 120 | 144 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 17.1 | 78.6 | 58.1 | 32.2 | 64.7 | 43 | 37.4 | 38.5 |
| ROE (net income / shareholders' equity) | 11% | 13% | - | 16.6% | - | 11% | 11.3% | 12% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 24.80 | 26.80 | 29.60 | 28.20 | - | 32.60 | 35.20 | 38.50 |
| Cash Flow per Share 2 | 4.460 | 9.820 | 6.860 | 5.170 | - | 5.680 | 7.930 | 9.060 |
| Capex 1 | 26 | 16.7 | 21.8 | 27.1 | 23.1 | 25.7 | 31.1 | 33.7 |
| Capex / Sales | 4.03% | 2.7% | 3.13% | 3.34% | 3.03% | 3.64% | 4.27% | 4.4% |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 3/1/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
59.68
EUR
Average target price
68.23
EUR
Spread / Average Target
+14.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.58% | 721M | |
| +37.58% | 75.5B | |
| +13.39% | 58.88B | |
| +27.32% | 49.31B | |
| +5.37% | 44.82B | |
| +12.12% | 17.94B | |
| +10.63% | 17.76B | |
| +2.26% | 12.48B | |
| -23.45% | 10.29B | |
| +2.86% | 6.26B |
- Stock Market
- Equities
- ZEHN Stock
- Financials Zehnder Group AG
