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 6,683 - -
Change - -4.57% 8.39% 9.61% 11.33% 1.53% - -
Enterprise Value (EV) 1 8,200 8,041 8,718 9,240 9,906 9,905 9,896 9,893
Change - -1.94% 8.42% 5.99% 7.21% -0.02% -0.09% -0.03%
P/E 8.77x 15.1x 26x 15.8x 16.1x 13.6x 18.5x 18.4x
PBR 1.04x 0.96x 1.03x 1.09x 1.17x 1.14x 1.11x 1.08x
PEG - -0.3x -0.7x 0.2x 1.78x 0.7x -0.7x 104.92x
Capitalization / Revenue 16.8x 15.7x 16.3x 16.9x 18.8x 18.8x 18.5x 18.4x
EV / Revenue 26.5x 25.4x 26.3x 26.4x 28.4x 27.9x 27.4x 27.2x
EV / EBITDA 29.4x 27.4x 29.3x 30.3x 32.8x 31.4x 31.1x 31.1x
EV / EBIT 29.6x 27.5x 29.4x 30.4x 32.9x 31.3x 31.5x 31.3x
EV / FCF 42.6x 85.3x -114x 52.9x 53.9x 59.4x 60.2x 54.1x
FCF Yield 2.35% 1.17% -0.88% 1.89% 1.85% 1.68% 1.66% 1.85%
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% 2.75% 2.79% 2.83%
EPS 2 12.97 7.19 4.53 8.17 8.91 10.71 7.892 7.905
Distribution rate 28.9% 52.9% 85% 47.7% 44.3% 37.4% 51.5% 52.1%
Net sales 1 309.6 316.2 331.9 350 349.2 355.1 360.7 363.2
EBITDA 1 278.8 293.8 297.7 304.9 302 315 318.7 318.6
EBIT 1 277.4 292.5 296.6 304 300.9 316.5 314.5 315.9
Net income 1 595 330 207.6 374.9 408.5 353.5 327.9 321.5
Net Debt 1 2,985 3,065 3,324 3,328 3,324 3,222 3,213 3,210
Reference price 2 113.70 108.50 117.60 128.90 143.50 145.70 145.70 145.70
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.($)
14.9x4.77x12.83x3.4% 42.42B
19.17x4.05x16.27x1.31% 28.61B
8.15x1.5x7.87x4.44% 26.77B
14.43x3.1x14.85x2.5% 25.7B
5.32x0.6x1.27x9.4% 25.6B
10.78x2.05x9.56x4.12% 20.41B
7.77x0.86x3.13x2.88% 19.86B
13.22x6.48x17.08x1.62% 19.21B
9.82x1.47x12.25x3.9% 17.96B
Average 11.51x 2.76x 10.57x 3.73% 25.17B
Weighted average by Cap. 11.96x 2.93x 10.77x 3.74%

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. P7S Stock
  5. Valuation PSP Swiss Property AG