Company Valuation: Alpine Select AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 126.8 137.1 107.2 68.37 67.07 76.27
Change - 8.08% -21.79% -36.23% -1.91% 13.72%
Enterprise Value (EV) 1 120.4 143.6 94.78 63.34 66.57 78.57
Change - 19.23% -33.98% -33.17% 5.1% 18.02%
P/E 20.5x 5.93x -3.71x -163x 55x 7.39x
PBR 0.98x 0.96x 1.03x 1.02x 0.98x 0.99x
PEG - 0x 0x 1.7x -0x 0x
Capitalization / Revenue 13.8x 4.28x 66.3x 12x 23.3x 6.07x
EV / Revenue 13.1x 4.48x 58.6x 11.1x 23.1x 6.25x
EV / EBITDA - - - - - -
EV / EBIT 18.2x 4.85x -153x 17.5x 64.8x 7.2x
EV / FCF 18.7x 8.47x 63.5x 34.5x 35.5x 11.8x
FCF Yield 5.34% 11.8% 1.58% 2.9% 2.82% 8.45%
Dividend per Share 2 1 1 1 - - 0.6
Rate of return 7.3% 6.49% 8.26% - - 6.7%
EPS 2 0.6671 2.596 -3.262 -0.0483 0.1401 1.211
Distribution rate 150% 38.5% -30.7% - - 49.5%
Net sales 1 9.201 32.04 1.617 5.717 2.878 12.57
EBITDA - - - - - -
EBIT 1 6.609 29.62 -0.62 3.614 1.028 10.91
Net income 1 6.128 23.12 -28.86 -0.422 1.216 10.32
Net Debt 1 -6.425 6.48 -12.44 -5.032 -0.494 2.298
Reference price 2 13.700 15.400 12.100 7.850 7.700 8.950
Nbr of stocks (in thousands) 9,258 8,901 8,861 8,710 8,710 8,522
Announcement Date 4/17/21 A 4/6/22 A 4/7/23 A 4/4/24 A 4/11/25 A 4/16/26 A
1CHF in Million2CHF
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 94.15M
21.92x7.65x14.67x3.89% 106B
27.81x12.17x16.89x0.77% 91.25B
21.63x - - 4.24% 28.81B
17.12x1.81x6.81x3.96% 17.26B
14.77x4.71x13.02x3.04% 16.66B
12.13x9.3x - 10.16% 13.56B
33.76x18.44x26.76x2.36% 11.41B
91.52x6.2x19.73x1.37% 8.98B
Average 30.08x 8.61x 16.31x 3.72% 32.68B
Weighted average by Cap. 25.17x 9.14x 15.56x 3.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Alpine Select AG