Company Valuation: Komax Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 677.5 972.5 1,320 1,028 588.5 534.9 - -
Change - 43.55% 35.69% -22.08% -42.77% -9.11% - -
Enterprise Value (EV) 1 769.9 1,071 1,425 1,121 686.1 612.4 603.1 582.1
Change - 39.1% 33.07% -21.32% -38.81% -10.74% -1.53% -3.47%
P/E ratio -519x 32x 21.4x 23.5x -183x 36.3x 14.3x 10.2x
PBR 2.87x 3.67x 3.17x 2.63x 1.65x 1.46x 1.39x 1.33x
PEG - -0x 0.4x -0.8x 2x -0x 0x 0.3x
Capitalization / Revenue 2.07x 2.31x 2.18x 1.35x 0.95x 0.85x 0.78x 0.74x
EV / Revenue 2.35x 2.54x 2.35x 1.47x 1.1x 0.97x 0.88x 0.81x
EV / EBITDA 29.2x 17.7x 16x 12.1x 18.8x 12.1x 8.03x 6.26x
EV / EBIT 68.4x 23.9x 19.9x 15.4x 42.8x 19.7x 10.9x 7.94x
EV / FCF 48.3x -195x 80.9x 21.7x 42.6x 118x 24.3x 448x
FCF Yield 2.07% -0.51% 1.24% 4.61% 2.35% 0.85% 4.11% 0.22%
Dividend per Share 2 - 4.5 5.5 3 - 1.5 3.562 4.333
Rate of return - 1.78% 2.14% 1.5% - 1.44% 3.41% 4.15%
EPS 2 -0.34 7.9 12.06 8.53 -0.63 2.877 7.301 10.19
Distribution rate - 57% 45.6% 35.2% - 52.1% 48.8% 42.5%
Net sales 1 327.6 421.1 606.3 762.9 622 630.7 685.3 720.1
EBITDA 1 26.34 60.34 88.94 92.99 36.5 50.52 75.07 92.92
EBIT 1 11.25 44.79 71.73 72.81 16.04 31.04 55.32 73.33
Net income 1 -1.319 30.38 51.77 43.84 -3.219 14.72 37.42 52.26
Net Debt 1 92.43 98.39 105.5 92.93 97.59 77.51 68.15 47.23
Reference price 2 176.30 253.00 257.50 200.50 115.00 104.40 104.40 104.40
Nbr of stocks (in thousands) 3,843 3,844 5,125 5,129 5,118 5,124 - -
Announcement Date 3/16/21 3/15/22 3/14/23 3/12/24 3/10/25 - - -
1CHF in Million2CHF
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.29x0.97x12.12x1.44% 671M
28.1x5.03x19.36x0.92% 91.27B
35.24x5.09x18.29x0.09% 35.78B
36.97x3.71x17.17x1.21% 32.02B
23.45x3.3x15.12x1.09% 26.12B
22.67x3.49x13.2x2.7% 23.8B
19.32x3.03x10.07x2.05% 21.53B
15.91x1.29x10.23x2.66% 20.28B
20.46x2.59x12.79x2.18% 18.35B
31.32x4.78x16.29x0.6% 18.03B
Average 26.97x 3.33x 14.47x 1.5% 28.79B
Weighted average by Cap. 27.32x 4.01x 16.13x 1.28%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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