Company Valuation: PSP Swiss Property AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,215 4,977 5,394 5,912 6,582 6,564 - -
Change - -4.57% 8.39% 9.61% 11.33% -0.28% - -
Enterprise Value (EV) 1 8,200 8,041 8,718 9,240 9,906 9,807 9,798 9,809
Change - -1.94% 8.42% 5.99% 7.21% -1% -0.09% 0.11%
P/E 8.77x 15.1x 26x 15.8x 16.1x 18.2x 19x 19.2x
PBR 1.04x 0.96x 1.03x 1.09x 1.17x 1.12x 1.09x 1.07x
PEG - -0.3x -0.7x 0.2x 1.78x -1.6x -4.49x -20.62x
Capitalization / Revenue 16.8x 15.7x 16.3x 16.9x 18.8x 18.2x 18.1x 18x
EV / Revenue 26.5x 25.4x 26.3x 26.4x 28.4x 27.1x 27x 27x
EV / EBITDA 29.4x 27.4x 29.3x 30.3x 32.8x 29.7x 30.5x 30.7x
EV / EBIT 29.6x 27.5x 29.4x 30.4x 32.9x 30.2x 30.7x 30.9x
EV / FCF 42.6x 85.3x -114x 52.9x 53.9x 58.8x 59.6x 53.6x
FCF Yield 2.35% 1.17% -0.88% 1.89% 1.85% 1.7% 1.68% 1.86%
Dividend per Share 2 3.75 3.8 3.85 3.9 3.95 4.008 4.065 4.119
Rate of return 3.3% 3.5% 3.27% 3.03% 2.75% 2.8% 2.84% 2.88%
EPS 2 12.97 7.19 4.53 8.17 8.91 7.872 7.539 7.469
Distribution rate 28.9% 52.9% 85% 47.7% 44.3% 50.9% 53.9% 55.1%
Net sales 1 309.6 316.2 331.9 350 349.2 361.4 363.5 363.8
EBITDA 1 278.8 293.8 297.7 304.9 302 330 321 319.2
EBIT 1 277.4 292.5 296.6 304 300.9 324.3 319.1 317.2
Net income 1 595 330 207.6 374.9 408.5 334.6 321.1 314.8
Net Debt 1 2,985 3,065 3,324 3,328 3,324 3,243 3,234 3,245
Reference price 2 113.70 108.50 117.60 128.90 143.50 143.10 143.10 143.10
Nbr of stocks (in thousands) 45,868 45,868 45,868 45,868 45,868 45,868 - -
Announcement Date 2/22/22 A 2/21/23 A 2/27/24 A 2/25/25 A 2/24/26 A - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.18x27.14x29.72x2.8% 8.11B
15.16x4.81x12.94x3.34% 43.1B
8.65x1.5x7.83x4.11% 29.9B
18.41x4.03x16.47x1.34% 28.14B
6.36x0.35x0.73x8.93% 26.95B
13.66x3.05x14.7x2.59% 24.8B
8.29x0.92x3.34x2.7% 21.2B
8.92x2.3x7.07x3.91% 21.01B
13.7x6.59x17.66x1.55% 19.85B
10.1x1.64x14.18x3.74% 18.4B
Average 12.14x 5.23x 12.46x 3.5% 24.15B
Weighted average by Cap. 12.05x 3.72x 11.23x 3.61%

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. PSPN Stock
  4. Valuation PSP Swiss Property AG