BKW AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 135.2 CHF | -0.88% |
|
-4.38% | -9.57% |
| Apr. 19 | Datapulse Technology Changes Registered Office | MT |
| Mar. 20 | Brickworks H1 EPS Falls 114.6% to Loss of AU$0.38, Interim Dividend Up 4.3% to AU$0.24 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,765 | 5,236 | 6,257 | 6,676 | 7,891 | 7,136 | - | - |
| Enterprise Value (EV) 1 | 4,391 | 5,738 | 7,405 | 7,950 | 7,891 | 8,040 | 7,818 | 7,570 |
| P/E ratio | 9.62 x | 14.5 x | 20.6 x | 12.1 x | 16.5 x | 14.4 x | 13.1 x | 11.9 x |
| Yield | 3.08% | 2.42% | 2.19% | 2.21% | - | 2.69% | 2.96% | 3.16% |
| Capitalization / Revenue | 1.31 x | 1.67 x | 1.76 x | 1.28 x | 1.72 x | 1.58 x | 1.49 x | 1.42 x |
| EV / Revenue | 1.53 x | 1.83 x | 2.08 x | 1.53 x | 1.72 x | 1.78 x | 1.63 x | 1.51 x |
| EV / EBITDA | 6.47 x | 8.45 x | 12.6 x | 6.38 x | 8.28 x | 8.44 x | 7.6 x | 6.9 x |
| EV / FCF | 17.8 x | 17.6 x | -34.3 x | 16.4 x | - | 20.7 x | 17.7 x | 18.1 x |
| FCF Yield | 5.61% | 5.68% | -2.91% | 6.1% | - | 4.83% | 5.65% | 5.52% |
| Price to Book | 1.09 x | 1.42 x | 1.6 x | 1.64 x | - | 1.39 x | 1.31 x | 1.22 x |
| Nbr of stocks (in thousands) | 52,730 | 52,779 | 52,761 | 52,772 | 52,783 | 52,781 | - | - |
| Reference price 2 | 71.40 | 99.20 | 118.6 | 126.5 | 149.5 | 135.2 | 135.2 | 135.2 |
| Announcement Date | 3/18/20 | 3/17/21 | 3/15/22 | 3/14/23 | 3/12/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,867 | 3,129 | 3,554 | 5,199 | 4,598 | 4,529 | 4,790 | 5,017 |
| EBITDA 1 | 678.4 | 679 | 585.8 | 1,247 | 952.8 | 952.2 | 1,028 | 1,097 |
| EBIT 1 | 433 | 475 | 394.9 | 1,038 | 620.3 | 695.3 | 768.9 | 833.4 |
| Operating Margin | 15.1% | 15.18% | 11.11% | 19.98% | 13.49% | 15.35% | 16.05% | 16.61% |
| Earnings before Tax (EBT) 1 | 477.5 | 442.7 | 420.1 | 783.6 | 592.5 | 648.6 | 696.5 | 768 |
| Net income 1 | 391.2 | 361.7 | 304.6 | 550.2 | 478 | 496.6 | 548.4 | 602.4 |
| Net margin | 13.64% | 11.56% | 8.57% | 10.58% | 10.4% | 10.97% | 11.45% | 12.01% |
| EPS 2 | 7.420 | 6.860 | 5.770 | 10.43 | 9.060 | 9.372 | 10.35 | 11.37 |
| Free Cash Flow 1 | 246.2 | 325.9 | -215.8 | 485 | - | 388 | 441.5 | 417.5 |
| FCF margin | 8.59% | 10.42% | -6.07% | 9.33% | - | 8.57% | 9.22% | 8.32% |
| FCF Conversion (EBITDA) | 36.29% | 48% | - | 38.9% | - | 40.75% | 42.93% | 38.04% |
| FCF Conversion (Net income) | 62.93% | 90.1% | - | 88.15% | - | 78.13% | 80.51% | 69.3% |
| Dividend per Share 2 | 2.200 | 2.400 | 2.600 | 2.800 | - | 3.643 | 4.006 | 4.278 |
| Announcement Date | 3/18/20 | 3/17/21 | 3/15/22 | 3/14/23 | 3/12/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,530 | 1,655 | 1,899 | 2,263 | 2,936 | 2,397 | 2,201 |
| EBITDA | 318.7 | 321.3 | - | 438.4 | - | 538.1 | - |
| EBIT 1 | 218.6 | 198.8 | 169.6 | 329.6 | 708.9 | 424.5 | 195.8 |
| Operating Margin | 14.29% | 12.01% | 8.93% | 14.56% | 24.15% | 17.71% | 8.9% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | 103.1 | 196.8 | 107.8 | 58.7 | 491.5 | - | - |
| Net margin | 6.74% | 11.89% | 5.68% | 2.59% | 16.74% | - | - |
| EPS | 1.960 | 3.730 | - | 1.110 | - | 6.190 | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 9/1/20 | 9/8/21 | 3/15/22 | 9/7/22 | 3/14/23 | 9/5/23 | 3/12/24 |
1CHF in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 626 | 502 | 1,147 | 1,274 | - | 904 | 682 | 434 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.9222 x | 0.7395 x | 1.958 x | 1.022 x | - | 0.9497 x | 0.6632 x | 0.395 x |
| Free Cash Flow 1 | 246 | 326 | -216 | 485 | - | 388 | 442 | 418 |
| ROE (net income / shareholders' equity) | 11.7% | 10.1% | 8% | 13.8% | - | 9.95% | 10.5% | 10.7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 65.60 | 70.10 | 74.20 | 77.10 | - | 97.10 | 103.0 | 110.0 |
| Cash Flow per Share 2 | 8.890 | 10.00 | 0.2700 | 13.80 | - | 18.10 | 20.20 | 21.70 |
| Capex 1 | 223 | 204 | 230 | 245 | - | 349 | 359 | 370 |
| Capex / Sales | 7.77% | 6.51% | 6.47% | 4.71% | - | 7.7% | 7.51% | 7.37% |
| Announcement Date | 3/18/20 | 3/17/21 | 3/15/22 | 3/14/23 | 3/12/24 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
135.2
CHF
Average target price
159.4
CHF
Spread / Average Target
+17.90%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.57% | 7.8B | |
| +8.64% | 136B | |
| +4.41% | 80.06B | |
| -2.19% | 77.98B | |
| +0.69% | 75.38B | |
| -8.92% | 66.47B | |
| +61.15% | 59.36B | |
| +4.97% | 44.9B | |
| +7.34% | 42.26B | |
| 0.00% | 41.94B |
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- Financials BKW AG
