Market Closed -
Swiss Exchange
11:31:38 2024-12-04 am EST
|
5-day change
|
1st Jan Change
|
253.70 CHF
|
-0.31%
|
|
+0.48%
|
+3.76%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
61,466
|
58,323
|
62,801
|
63,281
|
58,716
|
60,761
|
64,131
|
66,542
|
Change
|
-
|
-5.11%
|
7.68%
|
0.76%
|
-7.21%
|
3.48%
|
5.55%
|
3.76%
|
EBITDA
1 |
25,419
|
24,281
|
24,692
|
25,015
|
21,976
|
23,270
|
25,152
|
26,254
|
Change
|
-
|
-4.48%
|
1.69%
|
1.31%
|
-12.15%
|
5.89%
|
8.09%
|
4.38%
|
EBIT
1 |
22,479
|
21,536
|
21,897
|
22,173
|
19,240
|
20,838
|
22,520
|
23,892
|
Change
|
-
|
-4.2%
|
1.68%
|
1.26%
|
-13.23%
|
8.3%
|
8.07%
|
6.1%
|
Interest Paid
1 |
-934
|
-578
|
-757
|
-1,214
|
-1,300
|
-1,380
|
-1,419
|
-1,227
|
Earnings before Tax (EBT)
1 |
16,614
|
17,965
|
17,398
|
16,327
|
14,079
|
16,819
|
19,283
|
20,196
|
Change
|
-
|
8.13%
|
-3.16%
|
-6.16%
|
-13.77%
|
19.46%
|
14.65%
|
4.74%
|
Net income
1 |
13,497
|
14,295
|
13,930
|
12,421
|
11,498
|
12,778
|
14,805
|
15,726
|
Change
|
-
|
5.91%
|
-2.55%
|
-10.83%
|
-7.43%
|
11.13%
|
15.86%
|
6.22%
|
Announcement Date
|
1/30/20
|
2/4/21
|
2/3/22
|
2/2/23
|
2/1/24
|
-
|
-
|
-
|
Fiscal Period: Dicembre |
2019 Q3
|
2019 Q4
|
2020 Q1
|
2020 Q2
|
2020 Q3
|
2020 Q4
|
2021 Q1
|
2021 Q2
|
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
15,597
|
15,400
|
15,143
|
14,138
|
14,698
|
14,344
|
14,930
|
15,783
|
15,971
|
16,117
|
16,445
|
15,850
|
14,742
|
16,244
|
15,322
|
14,457
|
14,274
|
14,663
|
14,399
|
15,449
|
15,136
|
15,410
|
15,060
|
15,645
|
15,855
|
16,475
|
Change
|
-
|
-1.26%
|
-1.67%
|
-6.64%
|
3.96%
|
-2.41%
|
4.09%
|
5.71%
|
1.19%
|
0.91%
|
2.04%
|
-3.62%
|
-6.99%
|
10.19%
|
-5.68%
|
-5.65%
|
-1.27%
|
2.73%
|
-1.8%
|
7.29%
|
-2.03%
|
1.81%
|
-2.27%
|
3.88%
|
1.34%
|
3.91%
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Change
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Change
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Charge d'intérêts
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Change
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Change
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
10/16/19
|
1/30/20
|
4/22/20
|
7/23/20
|
10/15/20
|
2/4/21
|
4/21/21
|
7/22/21
|
10/20/21
|
2/3/22
|
4/25/22
|
7/21/22
|
10/18/22
|
2/2/23
|
4/27/23
|
7/27/23
|
11/1/23
|
2/1/24
|
4/25/24
|
7/25/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: Dicembre |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
29,281
|
29,042
|
30,713
|
32,088
|
32,295
|
30,986
|
29,779
|
28,937
|
29,848
|
30,857
|
30,705
|
32,330
|
Change
|
-
|
-0.82%
|
5.75%
|
4.48%
|
0.65%
|
-4.05%
|
-3.9%
|
-2.83%
|
3.15%
|
3.38%
|
-0.49%
|
5.29%
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Change
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
11,766
|
9,770
|
11,652
|
10,245
|
12,668
|
9,505
|
10,911
|
8,329
|
11,293
|
9,772
|
-
|
-
|
Change
|
-
|
-16.96%
|
19.26%
|
-12.08%
|
23.65%
|
-24.97%
|
14.79%
|
-23.66%
|
35.59%
|
-13.47%
|
-100%
|
-
|
Charge d'intérêts
|
-457
|
-121
|
-190
|
-567
|
-304
|
-656
|
-490
|
-710
|
-708
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
10,181
|
7,784
|
9,887
|
7,511
|
10,985
|
5,342
|
9,174
|
4,905
|
8,223
|
-
|
-
|
-
|
Change
|
-
|
-23.54%
|
27.02%
|
-24.03%
|
46.25%
|
-51.37%
|
71.73%
|
-46.53%
|
67.65%
|
-100%
|
-
|
-
|
Net income
|
8,079
|
6,216
|
7,803
|
6,127
|
8,530
|
3,891
|
7,137
|
4,361
|
6,258
|
-
|
-
|
-
|
Change
|
-
|
-23.06%
|
25.53%
|
-21.48%
|
39.22%
|
-54.38%
|
83.42%
|
-38.9%
|
43.5%
|
-100%
|
-
|
-
|
Announcement Date
|
7/23/20
|
2/4/21
|
7/22/21
|
2/3/22
|
7/21/22
|
2/2/23
|
7/27/23
|
2/1/24
|
7/25/24
|
-
|
-
|
-
|
Fiscal Period: Dicembre |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,505
|
1,882
|
18,167
|
15,584
|
18,699
|
15,669
|
9,516
|
2,618
|
Change
|
-
|
-24.87%
|
865.3%
|
-14.22%
|
19.99%
|
-16.2%
|
-39.27%
|
-72.49%
|
Announcement Date
|
1/30/20
|
2/4/21
|
2/3/22
|
2/2/23
|
2/1/24
|
-
|
-
|
-
|
Fiscal Period: Diciembre |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
CAPEX
1 |
3,503
|
3,528
|
3,693
|
3,449
|
3,742
|
3,727
|
3,971
|
4,129
|
Change
|
-
|
0.71%
|
4.68%
|
-6.61%
|
8.5%
|
-0.4%
|
6.54%
|
3.98%
|
Free Cash Flow (FCF)
1 |
16,764
|
10,943
|
15,691
|
13,041
|
11,288
|
14,255
|
15,229
|
16,157
|
Change
|
-
|
-34.72%
|
43.39%
|
-16.89%
|
-13.44%
|
26.28%
|
6.83%
|
6.09%
|
Announcement Date
|
1/30/20
|
2/4/21
|
2/3/22
|
2/2/23
|
2/1/24
|
-
|
-
|
-
|
Fiscal Period: Diciembre |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Profitability
| | | | | | | | |
---|
EBITDA Margin (%)
|
41.35%
|
41.63%
|
39.32%
|
39.53%
|
37.43%
|
38.3%
|
39.22%
|
39.46%
|
EBIT Margin (%)
|
36.57%
|
36.93%
|
34.87%
|
35.04%
|
32.77%
|
34.29%
|
35.12%
|
35.91%
|
EBT Margin (%)
|
27.03%
|
30.8%
|
27.7%
|
25.8%
|
23.98%
|
27.68%
|
30.07%
|
30.35%
|
Net margin (%)
|
21.96%
|
24.51%
|
22.18%
|
19.63%
|
19.58%
|
21.03%
|
23.09%
|
23.63%
|
FCF margin (%)
|
27.27%
|
18.76%
|
24.99%
|
20.61%
|
19.22%
|
23.46%
|
23.75%
|
24.28%
|
FCF / Net Income (%)
|
124.21%
|
76.55%
|
112.64%
|
104.99%
|
98.17%
|
111.56%
|
102.87%
|
102.74%
|
Profitability
| | | | | | | | |
---|
ROA
|
21.55%
|
19.59%
|
19.09%
|
18.18%
|
16.71%
|
14.4%
|
15.38%
|
15.22%
|
ROE
|
57.7%
|
47.99%
|
56.02%
|
62.5%
|
45.73%
|
44.28%
|
41.29%
|
36.97%
|
Financial Health
| | | | | | | | |
---|
Leverage (Debt/EBITDA)
|
0.1x
|
0.08x
|
0.74x
|
0.62x
|
0.85x
|
0.67x
|
0.38x
|
0.1x
|
Debt / Free cash flow
|
0.15x
|
0.17x
|
1.16x
|
1.2x
|
1.66x
|
1.1x
|
0.62x
|
0.16x
|
Capital Intensity
| | | | | | | | |
---|
CAPEX / Current Assets (%)
|
5.7%
|
6.05%
|
5.88%
|
5.45%
|
6.37%
|
6.13%
|
6.19%
|
6.2%
|
CAPEX / EBITDA (%)
|
13.78%
|
14.53%
|
14.96%
|
13.79%
|
17.03%
|
16.02%
|
15.79%
|
15.73%
|
CAPEX / FCF (%)
|
20.9%
|
32.24%
|
23.54%
|
26.45%
|
33.15%
|
26.15%
|
26.07%
|
25.56%
|
Items per share
| | | | | | | | |
---|
Cash flow per share
1 |
25.91
|
21.46
|
24.39
|
22.79
|
20.02
|
20.45
|
22.35
|
24.1
|
Change
|
-
|
-17.16%
|
13.64%
|
-6.56%
|
-12.16%
|
2.15%
|
9.3%
|
7.85%
|
Dividend per Share
1 |
9
|
9.1
|
9.3
|
9.5
|
9.6
|
9.846
|
10.12
|
10.38
|
Change
|
-
|
1.11%
|
2.2%
|
2.15%
|
1.05%
|
2.56%
|
2.74%
|
2.57%
|
Book Value Per Share
1 |
37.9
|
42.5
|
28.81
|
35.03
|
41.37
|
45.2
|
52.8
|
62.84
|
Change
|
-
|
12.14%
|
-32.22%
|
21.58%
|
18.12%
|
9.24%
|
16.83%
|
19.01%
|
EPS
1 |
15.62
|
16.52
|
16.2
|
15.37
|
14.31
|
16.58
|
19.15
|
20.42
|
Change
|
-
|
5.76%
|
-1.94%
|
-5.12%
|
-6.9%
|
15.83%
|
15.52%
|
6.62%
|
Nbr of stocks (in thousands)
|
856,061
|
854,642
|
800,952
|
854,579
|
798,652
|
796,789
|
796,789
|
796,789
|
Announcement Date
|
1/30/20
|
2/4/21
|
2/3/22
|
2/2/23
|
2/1/24
|
-
|
-
|
-
|
| 2024 * | 2025 * |
---|
P/E ratio |
15.4x |
13.3x |
---|
PBR |
5.63x |
4.82x |
---|
EV / Sales |
3.62x |
3.33x |
---|
Yield |
3.87% |
3.97% |
---|
Last Close Price 254.50CHF Average target price 303.36CHF Spread / Average Target +19.20% Consensus |