Company Valuation: Ascom Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 423.3 266.8 295.2 149.4 137.2 191.3 - -
Change - -36.96% 10.61% -49.38% -8.17% 39.4% - -
Enterprise Value (EV) 1 393.8 256.4 275.9 135.9 107.6 158.2 149.1 141.1
Change - -34.87% 7.57% -50.73% -20.82% 46.99% -5.75% -5.33%
P/E 31.8x 24.8x 17.1x 41.6x 9.1x 13.6x 12.5x 12x
PBR 5.3x 3.64x 3.75x 2.01x 1.63x 2.27x 2.1x 1.96x
PEG - -1.3x 0.3x -0.5x 0x 7.71x 1.37x 2.86x
Capitalization / Revenue 1.45x 0.9x 0.99x 0.52x 0.47x 0.64x 0.63x 0.61x
EV / Revenue 1.35x 0.86x 0.93x 0.47x 0.37x 0.53x 0.49x 0.45x
EV / EBITDA 13.7x 10.7x 9.17x 6.38x 3.14x 4.77x 4.22x 3.88x
EV / EBIT 24.9x 18.3x 13.7x 17.9x 5.3x 7.71x 6.69x 6.17x
EV / FCF -3,938x -80.1x 16.9x 30.2x 5.01x 14.8x 11.1x 9.6x
FCF Yield -0.03% -1.25% 5.91% 3.31% 20% 6.76% 8.99% 10.4%
Dividend per Share 2 0.2 0.2 0.3 0.1 0.1 0.2 0.2667 0.3
Rate of return 1.7% 2.69% 3.65% 2.4% 2.62% 3.44% 4.59% 5.16%
EPS 2 0.37 0.3 0.48 0.1 0.42 0.4274 0.4664 0.486
Distribution rate 54.1% 66.7% 62.5% 100% 23.8% 46.8% 57.2% 61.7%
Net sales 1 291.5 297.4 297.3 286.7 292.1 298.7 305.2 313.3
EBITDA 1 28.7 23.9 30.1 21.3 34.3 33.18 35.36 36.42
EBIT 1 15.8 14 20.2 7.6 20.3 20.52 22.27 22.87
Net income 1 13.5 11 17.4 3.7 15.1 14.86 16.11 16.7
Net Debt 1 -29.5 -10.4 -19.3 -13.5 -29.6 -33.09 -42.19 -50.13
Reference price 2 11.760 7.430 8.220 4.160 3.820 5.810 5.810 5.810
Nbr of stocks (in thousands) 35,993 35,915 35,909 35,917 35,919 32,920 - -
Announcement Date 09/03/22 08/03/23 05/03/24 12/03/25 09/03/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.59x0.53x4.77x3.44% 23Cr
27.35x6.12x15.86x1.52% 44TCr
54.37x19.43x38.99x-.--% 26TCr
19.23x0.78x14.05x2.36% 17TCr
26.15x8.29x20.02x0.47% 14TCr
50.47x15.1x33.34x-.--% 9.74TCr
32.37x6.32x18.32x1.08% 7.4TCr
43.86x2.38x15.39x1.61% 5.93TCr
67.47x8.72x38.58x-.--% 5.55TCr
28.07x6.34x21.17x1.47% 5.42TCr
Average 36.30x 7.40x 22.05x 1.2% 13.59TCr
Weighted average by Cap. 35.71x 8.84x 23.02x 1.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. ASCN Stock
  4. Valuation Ascom Holding AG