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 18,983 - -
Change - -29.47% -16.99% 26.68% 3.84% 7.94% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 21,995 21,516 21,159
Change - -22.82% -14.38% 20.97% 2.78% 9.14% -2.18% -1.66%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 25x 23.1x 21.5x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 13.9x 10.7x 8.9x
PEG - -7.16x -4.88x 8.79x 2.2x 2.3x 2.85x 2.85x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.53x 2.38x 2.26x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.93x 2.7x 2.51x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 13x 11.9x 11.1x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 18.1x 16.4x 15x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 24.9x 22.2x 20.7x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 4.02% 4.5% 4.84%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.195 3.26 3.354
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.33% 3.4% 3.49%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.842 4.154 4.468
Distribution rate 97.8% 102% 107% 104% 92.5% 83.2% 78.5% 75.1%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,516 7,972 8,417
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,689 1,803 1,910
EBIT 1 1,055 1,023 971 1,040 1,108 1,213 1,310 1,407
Net income 1 613 588 553 581 668 756.2 826.8 894.6
Net Debt 1 1,691 2,823 2,839 2,670 2,566 3,012 2,532 2,175
Reference price 2 121.88 86.00 72.54 90.88 90.86 95.98 95.98 95.98
Nbr of stocks (in thousands) 187,376 187,292 184,309 186,371 193,566 197,785 - -
Announcement Date 1/27/22 A 1/26/23 A 1/26/24 A 2/11/25 A 2/11/26 A - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.46x2.87x12.79x3.4% 22.89B
19.33x2.78x11.39x1.35% 3.37B
11.82x - - 2.77% 1.98B
-31.82x1.23x7.89x-.--% 1.55B
21.21x - - 2.4% 1.53B
Average 9.00x 2.29x 10.69x 1.98% 6.26B
Weighted average by Cap. 20.16x 2.77x 12.35x 2.92%

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