BELIMO HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 425.4 CHF | +1.38% |
|
+1.72% | -8.28% |
| Mar. 04 | Switzerland's Belimo Posts Higher FY23 Attributable Net Income, Sales | MT |
| Mar. 01 | BELIMO Holding AG Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,483 | 4,723 | 7,134 | 5,412 | 5,232 | - | - |
| Enterprise Value (EV) 1 | 4,324 | 4,572 | 7,035 | 5,336 | 5,140 | 5,125 | 5,107 |
| P/E ratio | 37 x | 54.5 x | 61.6 x | 44 x | 40.4 x | 35.5 x | 32.1 x |
| Yield | 2.06% | 1.95% | 1.47% | 1.93% | 2.09% | 2.27% | 2.37% |
| Capitalization / Revenue | 6.47 x | 7.14 x | 9.32 x | 6.39 x | 5.78 x | 5.31 x | 4.89 x |
| EV / Revenue | 6.24 x | 6.91 x | 9.19 x | 6.3 x | 5.68 x | 5.2 x | 4.77 x |
| EV / EBITDA | 28 x | 32.8 x | 39.4 x | 28.2 x | 26.1 x | 23.3 x | 21.2 x |
| EV / FCF | 51 x | 47.3 x | 66.2 x | 58.5 x | 44.4 x | 39 x | 35 x |
| FCF Yield | 1.96% | 2.12% | 1.51% | 1.71% | 2.25% | 2.57% | 2.86% |
| Price to Book | 8.84 x | 9.65 x | 14 x | 10.4 x | 9.35 x | 8.72 x | 8.06 x |
| Nbr of stocks (in thousands) | 12,299 | 12,299 | 12,299 | 12,299 | 12,299 | - | - |
| Reference price 2 | 364.5 | 384.0 | 580.0 | 440.0 | 425.4 | 425.4 | 425.4 |
| Announcement Date | 3/9/20 | 3/8/21 | 3/7/22 | 3/3/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 692.7 | 661.2 | 765.3 | 846.9 | 905.5 | 986.1 | 1,071 |
| EBITDA 1 | 154.2 | 139.3 | 178.4 | 189 | 197.1 | 219.9 | 240.7 |
| EBIT 1 | 123.9 | 108.1 | 145.4 | 152.4 | 159.5 | 179.5 | 198.4 |
| Operating Margin | 17.88% | 16.34% | 18.99% | 18% | 17.61% | 18.21% | 18.53% |
| Earnings before Tax (EBT) 1 | 119.8 | 100.8 | 143.4 | 147.5 | 160.2 | 180.2 | 200.7 |
| Net income 1 | 121.1 | 86.72 | 115.7 | 122.7 | 132 | 149.1 | 167 |
| Net margin | 17.48% | 13.11% | 15.11% | 14.49% | 14.58% | 15.12% | 15.59% |
| EPS 2 | 9.850 | 7.051 | 9.410 | 9.990 | 10.53 | 11.97 | 13.24 |
| Free Cash Flow 1 | 84.75 | 96.7 | 106.3 | 91.2 | 115.9 | 131.6 | 146 |
| FCF margin | 12.23% | 14.62% | 13.89% | 10.77% | 12.8% | 13.34% | 13.64% |
| FCF Conversion (EBITDA) | 54.95% | 69.4% | 59.6% | 48.25% | 58.78% | 59.84% | 60.66% |
| FCF Conversion (Net income) | 69.98% | 111.52% | 91.92% | 74.33% | 87.76% | 88.25% | 87.46% |
| Dividend per Share 2 | 7.500 | 7.500 | 8.500 | 8.500 | 8.883 | 9.674 | 10.10 |
| Announcement Date | 3/9/20 | 3/8/21 | 3/7/22 | 3/3/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 337.5 | 335.5 | 325.7 | 384.7 | 380.6 | 416.4 | 430.5 | 448.4 |
| EBITDA 1 | - | 71 | 68.34 | 91.84 | - | 95.63 | - | 102.2 |
| EBIT 1 | 56.75 | 55.42 | 52.65 | 75.62 | 69.75 | 76.69 | - | 84.74 |
| Operating Margin | 16.82% | 16.52% | 16.16% | 19.65% | 18.33% | 18.42% | - | 18.9% |
| Earnings before Tax (EBT) | - | - | 50.6 | 77 | - | - | - | - |
| Net income 1 | 67.7 | 41.27 | 45.45 | 63.76 | 51.91 | 61.26 | - | 64.98 |
| Net margin | 20.06% | 12.3% | 13.95% | 16.57% | 13.64% | 14.71% | - | 14.49% |
| EPS 2 | - | 3.356 | - | 5.180 | - | 4.990 | - | 5.290 |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/9/20 | 7/31/20 | 3/8/21 | 7/22/21 | 3/7/22 | 7/22/22 | 3/3/23 | 7/25/23 |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 159 | 151 | 98.6 | 75.3 | 92.4 | 107 | 125 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 84.7 | 96.7 | 106 | 91.2 | 116 | 132 | 146 |
| ROE (net income / shareholders' equity) | 25.6% | 17.4% | 23.1% | 23.8% | 23.7% | 25.5% | 26.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 41.30 | 39.80 | 41.60 | 42.40 | 45.50 | 48.80 | 52.80 |
| Cash Flow per Share 2 | 10.20 | 10.20 | 12.40 | 9.180 | 13.90 | 15.30 | 16.70 |
| Capex 1 | 40.7 | 29 | 46.7 | 54.7 | 50.3 | 53.9 | 56.6 |
| Capex / Sales | 5.87% | 4.38% | 6.11% | 6.46% | 5.56% | 5.46% | 5.28% |
| Announcement Date | 3/9/20 | 3/8/21 | 3/7/22 | 3/3/23 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
425.4
CHF
Average target price
461
CHF
Spread / Average Target
+8.37%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.28% | 5.72B | |
| -3.77% | 3.32B | |
| -5.24% | 381M | |
| +17.67% | 201M | |
| -34.45% | 171M | |
| -6.53% | 138M | |
| +1.45% | 52.13M |
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- Financials BELIMO Holding AG
