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 18,452 - -
Change - -29.47% -16.99% 26.68% 3.84% 4.92% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 21,481 21,005 20,878
Change - -22.82% -14.38% 20.97% 2.78% 6.59% -2.22% -0.6%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 24.9x 22.6x 21x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 13.6x 10.6x 8.68x
PEG - -7.16x -4.88x 8.79x 2.2x 2.9x 2.2x 2.81x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.44x 2.31x 2.18x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.84x 2.63x 2.46x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 12.7x 11.6x 10.9x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 17.7x 16x 14.8x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 25.5x 21.7x 20.4x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 3.92% 4.6% 4.91%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.194 3.26 3.355
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.42% 3.49% 3.59%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.757 4.141 4.45
Distribution rate 97.8% 102% 107% 104% 92.5% 85% 78.7% 75.4%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,560 8,000 8,470
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,689 1,805 1,914
EBIT 1 1,055 1,023 971 1,040 1,108 1,212 1,313 1,411
Net income 1 613 588 553 581 668 732.5 822.7 891.1
Net Debt 1 1,691 2,823 2,839 2,670 2,566 3,029 2,553 2,427
Reference price 2 121.88 86.00 72.54 90.88 90.86 93.38 93.38 93.38
Nbr of stocks (in thousands) 187,376 187,292 184,309 186,371 193,566 197,600 - -
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.($)
24.85x2.84x12.72x3.42% 22.59B
40.45x5.33x19.64x0.68% 17.23B
18.97x2.72x11.16x1.37% 3.31B
12.2x - - 2.68% 2.04B
-32.42x1.24x7.97x-.--% 1.58B
20.1x - - 2.54% 1.45B
Average 14.03x 3.03x 12.87x 1.78% 8.03B
Weighted average by Cap. 27.46x 3.74x 15.10x 2.13%

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