LEM HOLDING SA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,400 CHF | +2.94% |
|
-5.79% | -32.53% |
| 13/06 | LEM CFO to Step Down in November; Interim Successor Named | MT |
| 30/05 | Kepler Cheuvreux Lowers Price Target on LEM Holding, Maintains Hold Recommendation | MT |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,210 | 2,081 | 2,552 | 2,240 | 1,943 | 1,606 | - | - |
| Enterprise Value (EV) 1 | 1,206 | 2,082 | 2,606 | 2,285 | 1,943 | 1,665 | 1,659 | 1,653 |
| P/E ratio | 19.9 x | 37.4 x | 35.3 x | 29.8 x | 29.8 x | 24.9 x | 19.9 x | 19.6 x |
| Yield | 3.77% | 2.3% | 2.23% | 2.64% | - | 3.52% | 4.07% | 4.21% |
| Capitalization / Revenue | 3.93 x | 6.91 x | 6.84 x | 5.51 x | 4.79 x | 4.02 x | 3.69 x | 3.47 x |
| EV / Revenue | 3.92 x | 6.92 x | 6.98 x | 5.62 x | 4.79 x | 4.16 x | 3.81 x | 3.57 x |
| EV / EBITDA | 16.6 x | 27.9 x | 25.2 x | 21.4 x | 20.1 x | 17.2 x | 14.3 x | 13.8 x |
| EV / FCF | 20.3 x | 55.7 x | 88.6 x | 37.6 x | - | 24.1 x | 23.5 x | 22.2 x |
| FCF Yield | 4.92% | 1.8% | 1.13% | 2.66% | - | 4.16% | 4.26% | 4.5% |
| Price to Book | 10.3 x | 15.8 x | 15.8 x | 12.9 x | - | 8.81 x | 7.6 x | 7.55 x |
| Nbr of stocks (in thousands) | 1,139 | 1,139 | 1,139 | 1,139 | 1,139 | 1,139 | - | - |
| Reference price 2 | 1,062 | 1,826 | 2,240 | 1,966 | 1,706 | 1,400 | 1,400 | 1,400 |
| Announcement Date | 19/05/20 | 19/05/21 | 24/05/22 | 25/05/23 | 28/05/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 307.9 | 301 | 373.4 | 406.4 | 405.8 | 399.7 | 435.8 | 462.7 |
| EBITDA 1 | 72.79 | 74.64 | 103.5 | 106.8 | 96.81 | 96.93 | 116.2 | 119.7 |
| EBIT 1 | 58.33 | 60.9 | 88.4 | 92.2 | 81.1 | 78.97 | 96.18 | 99.33 |
| Operating Margin | 18.94% | 20.23% | 23.67% | 22.69% | 19.99% | 19.76% | 22.07% | 21.47% |
| Earnings before Tax (EBT) 1 | 55.63 | 60.9 | 85.28 | 88.92 | 74.97 | 75.87 | 83.7 | 96.67 |
| Net income 1 | 60.7 | 55.6 | 72.4 | 75.3 | 65.3 | 64.03 | 77.96 | 81.23 |
| Net margin | 19.71% | 18.47% | 19.39% | 18.53% | 16.09% | 16.02% | 17.89% | 17.56% |
| EPS 2 | 53.27 | 48.79 | 63.48 | 66.07 | 57.26 | 56.15 | 70.48 | 71.54 |
| Free Cash Flow 1 | 59.27 | 37.4 | 29.4 | 60.76 | - | 69.18 | 70.61 | 74.4 |
| FCF margin | 19.25% | 12.43% | 7.87% | 14.95% | - | 17.31% | 16.2% | 16.08% |
| FCF Conversion (EBITDA) | 81.43% | 50.11% | 28.4% | 56.91% | - | 71.36% | 60.75% | 62.17% |
| FCF Conversion (Net income) | 97.65% | 67.27% | 40.61% | 80.69% | - | 108.03% | 90.58% | 91.59% |
| Dividend per Share 2 | 40.00 | 42.00 | 50.00 | 52.00 | - | 49.33 | 57.00 | 59.00 |
| Announcement Date | 19/05/20 | 19/05/21 | 24/05/22 | 25/05/23 | 28/05/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 91.8 | 97.9 | 90.72 | 107.3 | 198.1 | 103.5 | 104.8 | 112.3 | 111 | 93.3 | 89.2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 22 | 24.2 | 19.48 | 26.32 | 45.75 | 22.6 | 23.9 | - | 25.5 | 17.6 | 11.8 |
| Operating Margin | 23.97% | 24.72% | 21.48% | 24.53% | 23.1% | 21.84% | 22.81% | - | 22.97% | 18.86% | 13.23% |
| Earnings before Tax (EBT) 1 | 20.17 | 23.37 | 18.2 | 24.54 | 42.74 | 22.6 | 23.53 | - | 24.03 | 14.37 | 12.09 |
| Net income 1 | 18.5 | 18.68 | 14.68 | 20.52 | 35.21 | 20.1 | 20 | 20.54 | 22.85 | 12 | 9.9 |
| Net margin | 20.15% | 19.08% | 16.18% | 19.12% | 17.78% | 19.42% | 19.08% | 18.29% | 20.59% | 12.86% | 11.1% |
| EPS | - | 16.38 | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | 50.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 04/02/22 | 24/05/22 | 28/07/22 | 08/11/22 | 08/11/22 | 06/02/23 | 25/05/23 | 27/07/23 | 10/11/23 | 02/02/24 | 28/05/24 |
1CHF in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1.6 | 53.5 | 45.7 | - | 58.7 | 53.3 | 47.3 |
| Net Cash position 1 | 4.1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.0214 x | 0.5166 x | 0.4278 x | - | 0.6056 x | 0.4582 x | 0.395 x |
| Free Cash Flow 1 | 59.3 | 37.4 | 29.4 | 60.8 | - | 69.2 | 70.6 | 74.4 |
| ROE (net income / shareholders' equity) | 52.7% | 44.6% | 49.4% | 45% | - | 34.2% | 37.4% | 39.2% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 103.0 | 116.0 | 141.0 | 152.0 | - | 159.0 | 184.0 | 185.0 |
| Cash Flow per Share 2 | - | 44.70 | 44.30 | - | - | 58.60 | 58.80 | 55.50 |
| Capex 1 | 14.3 | 13.2 | 20.8 | 26.2 | - | 22.7 | 23.1 | 19 |
| Capex / Sales | 4.66% | 4.38% | 5.56% | 6.45% | - | 5.69% | 5.29% | 4.11% |
| Announcement Date | 19/05/20 | 19/05/21 | 24/05/22 | 25/05/23 | 28/05/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
1,410
CHF
Average target price
1,951
CHF
Spread / Average Target
+38.35%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -32.53% | 177.65Cr | |
| +59.56% | 642.86Cr | |
| +46.95% | 412.78Cr | |
| -0.62% | 358.5Cr | |
| -18.33% | 197.68Cr | |
| -2.97% | 176.65Cr | |
| +19.47% | 119.59Cr | |
| -4.19% | 110.12Cr | |
| -23.66% | 73Cr | |
| -4.51% | 68Cr |
- Stock Market
- Equities
- LEHN Stock
- Financials LEM Holding SA
