Company Valuation: Ascom Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 423.3 266.8 295.2 149.4 137.2 175.5 - -
Change - -36.96% 10.61% -49.38% -8.17% 27.88% - -
Enterprise Value (EV) 1 393.8 256.4 275.9 135.9 107.6 142.4 133.3 125.3
Change - -34.87% 7.57% -50.73% -20.82% 32.31% -6.39% -5.96%
P/E 31.8x 24.8x 17.1x 41.6x 9.1x 12.4x 11.4x 11x
PBR 5.3x 3.64x 3.75x 2.01x 1.63x 2.08x 1.93x 1.8x
PEG - -1.3x 0.3x -0.5x 0x 6.08x 1.3x 2.57x
Capitalization / Revenue 1.45x 0.9x 0.99x 0.52x 0.47x 0.59x 0.57x 0.56x
EV / Revenue 1.35x 0.86x 0.93x 0.47x 0.37x 0.48x 0.44x 0.4x
EV / EBITDA 13.7x 10.7x 9.17x 6.38x 3.14x 4.29x 3.77x 3.44x
EV / EBIT 24.9x 18.3x 13.7x 17.9x 5.3x 6.94x 5.99x 5.48x
EV / FCF -3,938x -80.1x 16.9x 30.2x 5.01x 13.3x 9.95x 8.53x
FCF Yield -0.03% -1.25% 5.91% 3.31% 20% 7.52% 10.1% 11.7%
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% 3.75% 5% 5.63%
EPS 2 0.37 0.3 0.48 0.1 0.42 0.4286 0.466 0.486
Distribution rate 54.1% 66.7% 62.5% 100% 23.8% 46.7% 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 5.330 5.330 5.330
Nbr of stocks (in thousands) 35,993 35,915 35,909 35,917 35,919 32,920 - -
Announcement Date 3/9/22 A 3/8/23 A 3/5/24 A 3/12/25 A 3/9/26 A - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.44x0.48x4.29x3.75% 217M
26.82x5.96x15.44x1.56% 431B
51.1x18.08x36.28x-.--% 244B
21.47x0.86x15.4x2.16% 188B
26.28x8.56x20.69x0.49% 142B
33.96x6.59x18.81x0.99% 77.46B
41.57x12.31x27.92x-.--% 79.05B
41.38x2.18x14.21x1.74% 56.32B
27.66x6.24x20.84x1.49% 53.43B
17.75x2.76x11.86x4.14% 47.6B
Average 30.04x 6.40x 18.57x 1.63% 131.95B
Weighted average by Cap. 32.13x 7.91x 20.84x 1.21%

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