SFS GROUP AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 110.2 CHF | +1.57% |
|
-0.18% | +5.76% |
| 15/03 | SFS Aligns Climate Goals to Science Based Targets Initiative | MT |
| 07/03 | SFS Group's FY23 Net Income Edges Down; Revenue Grows | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,491 | 3,938 | 4,732 | 3,399 | 4,053 | 4,285 | - | - |
| Enterprise Value (EV) 1 | 3,423 | 3,793 | 4,453 | 3,876 | 4,053 | 4,618 | 4,455 | 4,348 |
| P/E ratio | 17 x | 21.4 x | 19.4 x | 12.6 x | 15.2 x | 15.4 x | 14 x | 13.3 x |
| Yield | 2.26% | 1.71% | 1.74% | 2.86% | - | 2.39% | 2.89% | 3.11% |
| Capitalization / Revenue | 1.96 x | 2.31 x | 2.49 x | 1.24 x | 1.32 x | 1.38 x | 1.33 x | 1.29 x |
| EV / Revenue | 1.92 x | 2.22 x | 2.35 x | 1.42 x | 1.32 x | 1.49 x | 1.39 x | 1.3 x |
| EV / EBITDA | 10.3 x | 11.6 x | 10.9 x | 8.65 x | 8.34 x | 9.26 x | 8.33 x | 7.91 x |
| EV / FCF | 21 x | 19.2 x | 21.9 x | 33.2 x | - | 23.2 x | 21.2 x | 15.7 x |
| FCF Yield | 4.77% | 5.22% | 4.56% | 3.02% | - | 4.31% | 4.72% | 6.37% |
| Price to Book | 2.86 x | 3.12 x | 3.3 x | 2.65 x | - | 2.69 x | 2.41 x | 2.3 x |
| Nbr of stocks (in thousands) | 37,500 | 37,500 | 37,500 | 38,842 | 38,900 | 38,887 | - | - |
| Reference price 2 | 93.10 | 105.0 | 126.2 | 87.50 | 104.2 | 110.2 | 110.2 | 110.2 |
| Announcement Date | 06/03/20 | 05/03/21 | 04/03/22 | 03/03/23 | 07/03/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,782 | 1,707 | 1,897 | 2,739 | 3,073 | 3,099 | 3,216 | 3,334 |
| EBITDA 1 | 331.7 | 327.6 | 407.1 | 448.1 | 486 | 498.7 | 535 | 549.4 |
| EBIT 1 | 236.3 | 227.4 | 301.7 | 330.3 | 358.6 | 366.5 | 396.6 | 414 |
| Operating Margin | 13.26% | 13.32% | 15.9% | 12.06% | 11.67% | 11.83% | 12.33% | 12.42% |
| Earnings before Tax (EBT) 1 | 229.7 | 220.3 | 301.7 | 337.8 | 352.2 | 362.8 | 395.9 | 413 |
| Net income 1 | 205.3 | 183.9 | 243.8 | 266.7 | 266 | 278.5 | 306.4 | 322.5 |
| Net margin | 11.52% | 10.77% | 12.85% | 9.74% | 8.66% | 8.99% | 9.53% | 9.67% |
| EPS 2 | 5.470 | 4.900 | 6.510 | 6.950 | 6.840 | 7.156 | 7.878 | 8.290 |
| Free Cash Flow 1 | 163.1 | 198 | 203.1 | 116.9 | - | 199 | 210.3 | 277 |
| FCF margin | 9.15% | 11.6% | 10.7% | 4.27% | - | 6.42% | 6.54% | 8.31% |
| FCF Conversion (EBITDA) | 49.17% | 60.44% | 49.89% | 26.09% | - | 39.91% | 39.3% | 50.41% |
| FCF Conversion (Net income) | 79.44% | 107.67% | 83.31% | 43.83% | - | 71.47% | 68.64% | 85.88% |
| Dividend per Share 2 | 2.100 | 1.800 | 2.200 | 2.500 | - | 2.630 | 3.183 | 3.425 |
| Announcement Date | 06/03/20 | 05/03/21 | 04/03/22 | 03/03/23 | 07/03/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|
| Net sales 1 | 914.3 | 960.3 | 1,224 | 1,515 | 1,574 | 1,499 |
| EBITDA | - | - | - | - | 253.1 | - |
| EBIT 1 | - | 164.1 | 162.9 | 167.4 | 189.9 | 168.7 |
| Operating Margin | - | 17.09% | 13.31% | 11.05% | 12.07% | 11.25% |
| Earnings before Tax (EBT) 1 | - | - | - | - | 181.5 | 170.7 |
| Net income | - | - | - | - | 131 | - |
| Net margin | - | - | - | - | 8.32% | - |
| EPS | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 06/03/20 | 20/07/21 | 26/08/22 | 03/03/23 | 18/07/23 | 07/03/24 |
1CHF in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 478 | - | 333 | 170 | 63 |
| Net Cash position 1 | 68.7 | 144 | 279 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 1.066 x | - | 0.6679 x | 0.3176 x | 0.1147 x |
| Free Cash Flow 1 | 163 | 198 | 203 | 117 | - | 199 | 210 | 277 |
| ROE (net income / shareholders' equity) | 17.1% | 14.8% | 18.1% | 19.6% | - | 17.9% | 17.5% | 16.3% |
| ROA (Net income/ Total Assets) | 12.6% | 11.1% | - | - | - | - | - | - |
| Assets 1 | 1,629 | 1,661 | - | - | - | - | - | - |
| Book Value Per Share 2 | 32.60 | 33.60 | 38.20 | 33.00 | - | 41.00 | 45.70 | 48.00 |
| Cash Flow per Share 2 | 7.400 | 7.900 | 8.660 | 7.500 | - | 13.40 | 13.80 | - |
| Capex 1 | 115 | 98.4 | 121 | 149 | - | 174 | 177 | 170 |
| Capex / Sales | 6.43% | 5.76% | 6.4% | 5.45% | - | 5.61% | 5.5% | 5.1% |
| Announcement Date | 06/03/20 | 05/03/21 | 04/03/22 | 03/03/23 | 07/03/24 | - | - | - |
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
6
Last Close Price
110.2
CHF
Average target price
118.6
CHF
Spread / Average Target
+7.62%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.76% | 4.68B | |
| +15.05% | 8.49B | |
| +21.59% | 6.51B | |
| +0.75% | 4.31B | |
| -14.26% | 3.27B | |
| -22.11% | 2.78B | |
| -0.43% | 2.54B | |
| -4.09% | 2.41B | |
| +15.79% | 2.2B | |
| -4.81% | 1.96B |
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- Financials SFS Group AG
