Company Valuation: SGS SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,837 16,107 13,370 16,937 17,587 18,464 - -
Change - -29.47% -16.99% 26.68% 3.84% 4.98% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 21,460 20,982 20,838
Change - -22.82% -14.38% 20.97% 2.78% 6.48% -2.23% -0.69%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 25.2x 22.5x 21x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 13.6x 10.6x 8.67x
PEG - -7.16x -4.88x 8.79x 2.2x 3.46x 1.9x 2.82x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.43x 2.29x 2.16x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.83x 2.6x 2.44x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 12.7x 11.6x 10.8x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 17.6x 15.8x 14.6x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 25.4x 21.8x 20.1x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 3.94% 4.58% 4.98%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.187 3.264 3.369
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.41% 3.49% 3.61%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.712 4.149 4.458
Distribution rate 97.8% 102% 107% 104% 92.5% 85.9% 78.7% 75.6%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,585 8,064 8,530
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,688 1,810 1,925
EBIT 1 1,055 1,023 971 1,040 1,108 1,221 1,326 1,427
Net income 1 613 588 553 581 668 728.9 830 902.7
Net Debt 1 1,691 2,823 2,839 2,670 2,566 2,997 2,518 2,374
Reference price 2 121.88 86.00 72.54 90.88 90.86 93.44 93.44 93.44
Nbr of stocks (in thousands) 1,87,376 1,87,292 1,84,309 1,86,371 1,93,566 1,97,600 - -
Announcement Date 27/01/22 26/01/23 26/01/24 11/02/25 11/02/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.93x2.81x12.61x3.44% 2.28TCr
27x4.69x17.21x0.77% 1.52TCr
21.09x3.11x13.01x1.36% 378.75Cr
12.42x - - 2.64% 209.49Cr
-34.18x1.49x9.66x-.--% 208.48Cr
21.7x - - 2.35% 157.48Cr
40.58x - - - 140.22Cr
Average 16.22x 3.03x 13.12x 1.76% 698.76Cr
Weighted average by Cap. 22.56x 3.42x 14.09x 2.2%

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