FORBO HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,064 CHF | +1.33% |
|
+1.53% | +0.95% |
| Mar. 05 | Swiss Market Index Closes in Red; Lindt FY23 Results Beat | MT |
| Mar. 05 | Forbo Posts Higher FY23 Attributable Profit; Net Sales Down | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,640 | 2,431 | 2,953 | 1,616 | 1,489 | 1,497 | - | - |
| Enterprise Value (EV) 1 | 2,422 | 2,220 | 2,942 | 1,635 | 1,489 | 1,395 | 1,318 | 1,260 |
| P/E ratio | 19.1 x | 22.8 x | 20.4 x | 15.2 x | 14.5 x | 13.8 x | 12.4 x | 11.1 x |
| Yield | 1.4% | 1.32% | 1.34% | 2.11% | 2.37% | 2.41% | 2.52% | 2.69% |
| Capitalization / Revenue | 2.06 x | 2.17 x | 2.35 x | 1.25 x | 1.27 x | 1.28 x | 1.24 x | 1.19 x |
| EV / Revenue | 1.89 x | 1.99 x | 2.35 x | 1.26 x | 1.27 x | 1.19 x | 1.09 x | 1 x |
| EV / EBITDA | 10.4 x | 11.6 x | 12.5 x | 8.45 x | 8.28 x | 7.29 x | 6.35 x | 5.71 x |
| EV / FCF | 16.1 x | 16.8 x | 23 x | 32.4 x | 12.8 x | 12.5 x | 13.1 x | 10.8 x |
| FCF Yield | 6.22% | 5.97% | 4.35% | 3.09% | 7.78% | 8.03% | 7.65% | 9.26% |
| Price to Book | 3.9 x | 3.54 x | 5.52 x | 2.8 x | 2.68 x | 2.35 x | 2.09 x | 1.9 x |
| Nbr of stocks (in thousands) | 1,602 | 1,601 | 1,579 | 1,485 | 1,413 | 1,407 | - | - |
| Reference price 2 | 1,648 | 1,518 | 1,870 | 1,088 | 1,054 | 1,064 | 1,064 | 1,064 |
| Announcement Date | 2/26/20 | 3/4/21 | 3/3/22 | 3/2/23 | 3/5/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,282 | 1,118 | 1,254 | 1,293 | 1,175 | 1,174 | 1,212 | 1,254 |
| EBITDA 1 | 233.7 | 192 | 235.6 | 193.4 | 179.9 | 191.2 | 207.5 | 220.5 |
| EBIT 1 | 176.3 | 137 | 179 | 132.6 | 129.9 | 138.9 | 152.9 | 165.2 |
| Operating Margin | 13.75% | 12.26% | 14.27% | 10.25% | 11.05% | 11.83% | 12.61% | 13.18% |
| Earnings before Tax (EBT) 1 | 175.3 | 136.1 | 181.2 | 131 | 131.8 | 138.5 | 153.7 | 167.4 |
| Net income 1 | 138.3 | 106.2 | 141.2 | 101.4 | 102.3 | 107.7 | 119.5 | 129.9 |
| Net margin | 10.79% | 9.5% | 11.26% | 7.84% | 8.7% | 9.17% | 9.86% | 10.36% |
| EPS 2 | 86.33 | 66.60 | 91.62 | 71.76 | 72.55 | 76.98 | 85.74 | 95.93 |
| Free Cash Flow 1 | 150.6 | 132.5 | 128.1 | 50.5 | 115.9 | 112 | 100.8 | 116.7 |
| FCF margin | 11.75% | 11.85% | 10.22% | 3.91% | 9.86% | 9.54% | 8.31% | 9.31% |
| FCF Conversion (EBITDA) | 64.44% | 69.01% | 54.37% | 26.11% | 64.42% | 58.56% | 48.57% | 52.92% |
| FCF Conversion (Net income) | 108.89% | 124.76% | 90.72% | 49.8% | 113.29% | 103.98% | 84.36% | 89.81% |
| Dividend per Share 2 | 23.00 | 20.00 | 25.00 | 23.00 | 25.00 | 25.61 | 26.79 | 28.62 |
| Announcement Date | 2/26/20 | 3/4/21 | 3/3/22 | 3/2/23 | 3/5/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|
| Net sales 1 | 542.3 | 623.1 | 630.9 | 667.3 | 625.9 | 615.2 |
| EBITDA 1 | - | 109.9 | - | 106.3 | 87.1 | 102.8 |
| EBIT 1 | 41.1 | 82.1 | 96.9 | 78.6 | 54 | 75.2 |
| Operating Margin | 7.58% | 13.18% | 15.36% | 11.78% | 8.63% | 12.22% |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | - | 63.5 | 77.7 | 60.3 | 41.1 | 57.4 |
| Net margin | - | 10.19% | 12.32% | 9.04% | 6.57% | 9.33% |
| EPS 2 | - | 40.52 | - | 42.60 | - | 40.54 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 7/28/20 | 7/30/21 | 3/3/22 | 7/29/22 | 3/2/23 | 7/28/23 |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 18.9 | - | - | - | - |
| Net Cash position 1 | 218 | 211 | 10.9 | - | - | 103 | 180 | 237 |
| Leverage (Debt/EBITDA) | - | - | - | 0.0977 x | - | - | - | - |
| Free Cash Flow 1 | 151 | 133 | 128 | 50.5 | 116 | 112 | 101 | 117 |
| ROE (net income / shareholders' equity) | 21.8% | 15.6% | 23.4% | 18.9% | 18.5% | 18.6% | 18.9% | 18% |
| ROA (Net income/ Total Assets) | - | 9.62% | - | - | - | - | - | - |
| Assets 1 | - | 1,104 | - | - | - | - | - | - |
| Book Value Per Share 2 | 422.0 | 429.0 | 339.0 | 389.0 | 393.0 | 452.0 | 510.0 | 561.0 |
| Cash Flow per Share 2 | 116.0 | 107.0 | 108.0 | 57.00 | 113.0 | 130.0 | 147.0 | 148.0 |
| Capex 1 | 36.1 | 39.7 | 38.8 | 30.9 | 44.1 | 43.4 | 43.2 | 42.7 |
| Capex / Sales | 2.82% | 3.55% | 3.09% | 2.39% | 3.75% | 3.7% | 3.57% | 3.4% |
| Announcement Date | 2/26/20 | 3/4/21 | 3/3/22 | 3/2/23 | 3/5/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
1,064
CHF
Average target price
1,154
CHF
Spread / Average Target
+8.48%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.95% | 1.64B | |
| +10.01% | 16.86B | |
| -7.61% | 3.01B | |
| -5.68% | 920M | |
| -1.54% | 789M | |
| -3.00% | 632M | |
| -26.07% | 565M | |
| +3.29% | 474M | |
| -13.14% | 471M | |
| -20.05% | 439M |
- Stock Market
- Equities
- FORN Stock
- Financials Forbo Holding AG
