Delayed
Berne S.E.
|
5-day change
|
1st Jan Change
|
- CHF
|
-.--%
|
|
-.--%
|
-.--%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,59,729
|
1,36,433
|
1,22,332
|
1,19,403
|
1,28,108
|
1,19,061
|
-
|
-
|
Enterprise Value (EV)
1 |
2,55,441
|
2,19,349
|
1,98,494
|
1,89,116
|
1,95,681
|
1,81,307
|
1,75,240
|
1,68,557
|
P/E ratio
|
17.6
x
|
99.5
x
|
26.5
x
|
20.7
x
|
24.3
x
|
18
x
|
15.4
x
|
13.6
x
|
Yield
|
1.79%
|
0.88%
|
0.92%
|
1.32%
|
1.37%
|
1.93%
|
2.33%
|
2.58%
|
Capitalization / Revenue
|
3.05
x
|
2.91
x
|
2.25
x
|
2.07
x
|
2.16
x
|
1.93
x
|
1.85
x
|
1.77
x
|
EV / Revenue
|
4.88
x
|
4.68
x
|
3.66
x
|
3.27
x
|
3.3
x
|
2.93
x
|
2.72
x
|
2.51
x
|
EV / EBITDA
|
12.1
x
|
12.7
x
|
10.3
x
|
9.53
x
|
9.8
x
|
8.46
x
|
7.73
x
|
7.01
x
|
EV / FCF
|
31.1
x
|
30.9
x
|
21.7
x
|
23.2
x
|
22.7
x
|
19.1
x
|
16.5
x
|
14.7
x
|
FCF Yield
|
3.22%
|
3.24%
|
4.61%
|
4.3%
|
4.41%
|
5.24%
|
6.07%
|
6.82%
|
Price to Book
|
2.14
x
|
2.05
x
|
1.77
x
|
1.65
x
|
1.59
x
|
1.37
x
|
1.3
x
|
1.23
x
|
Nbr of stocks (in thousands)
|
19,59,379
|
19,59,378
|
20,23,621
|
19,82,782
|
19,86,774
|
20,31,018
|
-
|
-
|
Reference price
2 |
81.52
|
69.63
|
60.45
|
60.22
|
64.48
|
58.62
|
58.62
|
58.62
|
Announcement Date
|
27/02/20
|
25/02/21
|
24/02/22
|
02/03/23
|
29/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
52,329
|
46,881
|
54,304
|
57,786
|
59,380
|
61,821
|
64,368
|
67,273
|
EBITDA
1 |
21,078
|
17,321
|
19,209
|
19,843
|
19,976
|
21,440
|
22,670
|
24,058
|
EBIT
1 |
16,421
|
12,723
|
14,438
|
14,768
|
14,590
|
15,891
|
17,046
|
18,259
|
Operating Margin
|
31.38%
|
27.14%
|
26.59%
|
25.56%
|
24.57%
|
25.71%
|
26.48%
|
27.14%
|
Earnings before Tax (EBT)
1 |
12,776
|
2,079
|
8,463
|
9,525
|
9,125
|
11,301
|
12,991
|
14,654
|
Net income
1 |
9,171
|
1,405
|
4,670
|
5,969
|
5,341
|
6,634
|
7,693
|
8,703
|
Net margin
|
17.53%
|
3%
|
8.6%
|
10.33%
|
8.99%
|
10.73%
|
11.95%
|
12.94%
|
EPS
2 |
4.620
|
0.7000
|
2.280
|
2.910
|
2.650
|
3.259
|
3.808
|
4.309
|
Free Cash Flow
1 |
8,222
|
7,110
|
9,159
|
8,138
|
8,627
|
9,507
|
10,645
|
11,498
|
FCF margin
|
15.71%
|
15.17%
|
16.87%
|
14.08%
|
14.53%
|
15.38%
|
16.54%
|
17.09%
|
FCF Conversion (EBITDA)
|
39.01%
|
41.05%
|
47.68%
|
41.01%
|
43.19%
|
44.34%
|
46.95%
|
47.79%
|
FCF Conversion (Net income)
|
89.65%
|
506.05%
|
196.12%
|
136.34%
|
161.52%
|
143.31%
|
138.36%
|
132.12%
|
Dividend per Share
2 |
1.460
|
0.6112
|
0.5570
|
0.7950
|
0.8864
|
1.131
|
1.363
|
1.510
|
Announcement Date
|
27/02/20
|
25/02/21
|
24/02/22
|
02/03/23
|
29/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
25,777
|
21,298
|
25,583
|
25,832
|
14,274
|
14,198
|
28,472
|
13,235
|
14,793
|
28,027
|
15,091
|
14,668
|
29,759
|
14,213
|
15,120
|
29,333
|
15,574
|
14,473
|
30,047
|
14,547
|
15,293
|
29,964
|
15,821
|
14,972
|
31,324
|
14,841
|
32,024
|
33,546
|
EBITDA
1 |
10,229
|
7,363
|
9,958
|
9,114
|
5,214
|
4,881
|
10,095
|
4,486
|
5,096
|
9,583
|
5,313
|
4,947
|
10,260
|
4,759
|
4,909
|
9,668
|
5,431
|
4,877
|
10,308
|
4,987
|
5,285
|
10,114
|
5,828
|
5,314
|
11,361
|
5,157
|
-
|
-
|
EBIT
1 |
7,872
|
5,102
|
7,621
|
6,768
|
4,020
|
3,650
|
7,670
|
3,294
|
3,811
|
7,105
|
4,055
|
3,608
|
7,663
|
3,503
|
3,569
|
7,072
|
4,027
|
3,491
|
11,099
|
3,642
|
4,270
|
7,531
|
4,688
|
4,237
|
8,187
|
3,791
|
-
|
-
|
Operating Margin
|
30.54%
|
23.96%
|
29.79%
|
26.2%
|
28.16%
|
25.71%
|
26.94%
|
24.89%
|
25.76%
|
25.35%
|
26.87%
|
24.6%
|
25.75%
|
24.65%
|
23.6%
|
24.11%
|
25.86%
|
24.12%
|
36.94%
|
25.04%
|
27.92%
|
25.13%
|
29.63%
|
28.3%
|
26.14%
|
25.54%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
4,468
|
-3,252
|
5,331
|
4,305
|
1,374
|
2,784
|
4,158
|
1,023
|
2,696
|
3,718
|
2,513
|
3,294
|
5,807
|
-
|
1,202
|
3,847
|
2,632
|
2,646
|
5,278
|
2,279
|
2,706
|
4,821
|
3,152
|
2,737
|
5,889
|
-
|
6,385
|
8,093
|
Net income
1 |
3,116
|
-1,900
|
3,305
|
2,458
|
250
|
1,962
|
2,212
|
95
|
1,597
|
1,692
|
1,433
|
2,844
|
4,277
|
1,639
|
339
|
1,977
|
1,472
|
1,891
|
3,364
|
1,091
|
1,562
|
2,817
|
1,898
|
1,830
|
3,650
|
-
|
-
|
-
|
Net margin
|
12.09%
|
-8.92%
|
12.92%
|
9.52%
|
1.75%
|
13.82%
|
7.77%
|
0.72%
|
10.8%
|
6.04%
|
9.5%
|
19.39%
|
14.37%
|
11.53%
|
2.24%
|
6.74%
|
9.45%
|
13.07%
|
11.2%
|
7.5%
|
10.21%
|
9.4%
|
11.99%
|
12.22%
|
11.65%
|
-
|
-
|
-
|
EPS
2 |
1.560
|
-0.9500
|
1.650
|
1.200
|
0.1200
|
0.9600
|
1.080
|
0.0500
|
0.7900
|
0.8400
|
0.7100
|
1.360
|
-
|
0.8100
|
0.1700
|
0.9800
|
0.7300
|
0.9400
|
1.670
|
0.5400
|
0.7721
|
1.400
|
0.9370
|
0.9050
|
1.820
|
-
|
1.830
|
2.360
|
Dividend per Share
2 |
0.5616
|
-
|
-
|
-
|
-
|
0.5570
|
0.5570
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.7500
|
0.2200
|
-
|
-
|
-
|
-
|
-
|
0.4524
|
0.5656
|
-
|
-
|
-
|
-
|
Announcement Date
|
27/02/20
|
30/07/20
|
25/02/21
|
29/07/21
|
28/10/21
|
24/02/22
|
24/02/22
|
05/05/22
|
28/07/22
|
28/07/22
|
27/10/22
|
02/03/23
|
02/03/23
|
04/05/23
|
03/08/23
|
03/08/23
|
31/10/23
|
29/02/24
|
29/02/24
|
08/05/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
95,712
|
82,916
|
76,162
|
69,713
|
67,573
|
62,245
|
56,179
|
49,496
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
4.541
x
|
4.787
x
|
3.965
x
|
3.513
x
|
3.383
x
|
2.903
x
|
2.478
x
|
2.057
x
|
Free Cash Flow
1 |
8,222
|
7,110
|
9,159
|
8,138
|
8,627
|
9,507
|
10,645
|
11,499
|
ROE (net income / shareholders' equity)
|
13.1%
|
5.3%
|
8.37%
|
8.4%
|
6.88%
|
8.13%
|
9.05%
|
9.55%
|
ROA (Net income/ Total Assets)
|
3.9%
|
0.61%
|
2.58%
|
2.77%
|
2.47%
|
3.17%
|
3.97%
|
4.32%
|
Assets
1 |
2,35,274
|
2,31,531
|
1,81,169
|
2,15,285
|
2,16,147
|
2,09,067
|
1,94,017
|
2,01,682
|
Book Value Per Share
2 |
38.20
|
34.00
|
34.20
|
36.50
|
40.60
|
42.70
|
45.00
|
47.70
|
Cash Flow per Share
2 |
6.610
|
5.450
|
7.370
|
6.610
|
6.580
|
6.070
|
7.080
|
8.000
|
Capex
1 |
5,174
|
3,781
|
5,640
|
5,160
|
4,638
|
4,498
|
4,981
|
5,163
|
Capex / Sales
|
9.89%
|
8.07%
|
10.39%
|
8.93%
|
7.81%
|
7.28%
|
7.74%
|
7.67%
|
Announcement Date
|
27/02/20
|
25/02/21
|
24/02/22
|
02/03/23
|
29/02/24
|
-
|
-
|
-
|
Last Close Price
58.62
USD Average target price
72.16
USD Spread / Average Target +23.09% Consensus |
1st Jan change
|
Capi.
|
---|
| -1.83% | 54.46B | | +7.11% | 47.22B | | -15.80% | 31.77B | | -3.33% | 22.46B | | +7.00% | 17.54B | | +0.66% | 16.96B | | -34.34% | 15.89B | | -6.11% | 11.13B | | -21.93% | 10.9B |
Other Brewers
|