SWISS PRIME SITE AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 85 CHF | +0.29% |
|
+0.12% | -5.40% |
| Apr. 16 | Swiss Prime Site Closes Fundamenta Group Purchase | MT |
| Mar. 20 | Swiss Prime Site AG Appoints Detlef Trefzger as Non-Executive Director | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,498 | 6,602 | 6,811 | 6,147 | 6,893 | 6,571 | - | - |
| Enterprise Value (EV) 1 | 13,706 | 11,623 | 11,844 | 11,632 | 6,893 | 12,044 | 11,303 | 11,447 |
| P/E ratio | 14 x | 11.5 x | 14.3 x | 16.1 x | 30.5 x | 26 x | 19.3 x | 19.3 x |
| Yield | 3.4% | 3.86% | 3.74% | 4.24% | - | 4.11% | 4.15% | 4.12% |
| Capitalization / Revenue | 6.75 x | 8.33 x | 9.14 x | 7.94 x | 10.5 x | 9.58 x | 11.4 x | 11.4 x |
| EV / Revenue | 10.9 x | 14.7 x | 15.9 x | 15 x | 10.5 x | 17.6 x | 19.7 x | 19.9 x |
| EV / EBITDA | 21 x | 14.9 x | 16.2 x | 18.8 x | 12.3 x | 29.1 x | 27.4 x | 27.8 x |
| EV / FCF | 215 x | 21.7 x | 77.4 x | 77.3 x | - | 23.6 x | 18.5 x | 187 x |
| FCF Yield | 0.46% | 4.6% | 1.29% | 1.29% | - | 4.23% | 5.4% | 0.53% |
| Price to Book | 1.56 x | 1.08 x | 1.07 x | 0.94 x | - | 0.96 x | 0.96 x | 0.94 x |
| Nbr of stocks (in thousands) | 75,945 | 75,969 | 75,969 | 76,699 | 76,719 | 77,307 | - | - |
| Reference price 2 | 111.9 | 86.90 | 89.65 | 80.15 | 89.85 | 85.00 | 85.00 | 85.00 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/17/22 | 2/9/23 | 2/8/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,259 | 792.9 | 744.9 | 774.4 | 658.6 | 686.1 | 573.9 | 576.2 |
| EBITDA 1 | 653.4 | 779.9 | 731.8 | 618.4 | 562.2 | 414.1 | 411.8 | 411.5 |
| EBIT 1 | 628.3 | 762.3 | 715.4 | 559.4 | 403 | 339 | 455.4 | 458.8 |
| Operating Margin | 49.91% | 96.14% | 96.04% | 72.23% | 61.19% | 49.4% | 79.36% | 79.62% |
| Earnings before Tax (EBT) 1 | 559.5 | 703.5 | 646.4 | 514.6 | 76.16 | 222.5 | 320.9 | 376.8 |
| Net income 1 | 607.6 | 610.5 | 507.4 | 404.4 | 236 | 251.4 | 327.5 | 328.1 |
| Net margin | 48.27% | 77% | 68.11% | 52.22% | 35.84% | 36.64% | 57.07% | 56.95% |
| EPS 2 | 8.000 | 7.550 | 6.280 | 4.970 | 2.950 | 3.266 | 4.399 | 4.409 |
| Free Cash Flow 1 | 63.7 | 534.5 | 153 | 150.6 | - | 509.3 | 610.1 | 61.2 |
| FCF margin | 5.06% | 67.41% | 20.54% | 19.44% | - | 74.23% | 106.3% | 10.62% |
| FCF Conversion (EBITDA) | 9.75% | 68.54% | 20.91% | 24.35% | - | 123% | 148.17% | 14.87% |
| FCF Conversion (Net income) | 10.48% | 87.55% | 30.16% | 37.23% | - | 202.6% | 186.27% | 18.65% |
| Dividend per Share 2 | 3.800 | 3.350 | 3.350 | 3.400 | - | 3.492 | 3.530 | 3.500 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/17/22 | 2/9/23 | 2/8/24 | - | - | - |
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 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 651.1 | 425.2 | 367.7 | 362.8 | - | 378.9 | 395.6 | 307.6 | - |
| EBITDA | - | - | - | - | - | 377.4 | 241 | - | - |
| EBIT 1 | 342.2 | 313.6 | 448.7 | 355.6 | 359.9 | 365.4 | 194 | 246.3 | 156.7 |
| Operating Margin | 52.55% | 73.75% | 122.03% | 98.02% | - | 96.44% | 49.04% | 80.06% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 343.8 | 170.8 | - | - |
| Net income 1 | 251.1 | 269.7 | 340.7 | 257.1 | 250.3 | 267.4 | 137 | 215.5 | 20.55 |
| Net margin | 38.56% | 63.43% | 92.66% | 70.87% | - | 70.58% | 34.64% | 70.04% | - |
| EPS | - | 3.340 | - | 3.380 | - | 3.280 | - | 2.640 | - |
| Dividend per Share | - | - | - | 3.350 | - | 3.350 | - | 3.400 | - |
| Announcement Date | 2/27/20 | 8/25/20 | 2/25/21 | 8/26/21 | 2/17/22 | 8/25/22 | 2/9/23 | 8/24/23 | 2/8/24 |
1CHF in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,208 | 5,022 | 5,033 | 5,484 | - | 5,472 | 4,732 | 4,876 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.97 x | 6.439 x | 6.878 x | 8.869 x | - | 13.22 x | 11.49 x | 11.85 x |
| Free Cash Flow 1 | 63.7 | 535 | 153 | 151 | - | 509 | 610 | 61.2 |
| ROE (net income / shareholders' equity) | 11.5% | 10.6% | 8.2% | 4.7% | - | 3.16% | 4.83% | 4.43% |
| ROA (Net income/ Total Assets) | 5.06% | 4.88% | - | - | - | -0.7% | 3.3% | - |
| Assets 1 | 12,005 | 12,514 | - | - | - | -35,911 | 9,925 | - |
| Book Value Per Share 2 | 71.90 | 80.10 | 83.40 | 85.60 | - | 88.60 | 88.10 | 90.60 |
| Cash Flow per Share 2 | 4.340 | 3.670 | 5.280 | 4.450 | - | 2.780 | 4.490 | 2.840 |
| Capex 1 | 431 | 410 | 277 | 379 | - | 205 | 262 | 308 |
| Capex / Sales | 34.22% | 51.71% | 37.14% | 48.91% | - | 29.86% | 45.61% | 53.45% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/17/22 | 2/9/23 | 2/8/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
7
Last Close Price
85
CHF
Average target price
93.17
CHF
Spread / Average Target
+9.61%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.40% | 7.18B | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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- Financials Swiss Prime Site AG
