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 18,718 - -
Change - -29.47% -16.99% 26.68% 3.84% 6.43% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 21,731 21,253 20,898
Change - -22.82% -14.38% 20.97% 2.78% 7.83% -2.2% -1.67%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 24.7x 22.8x 21.2x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 13.7x 10.5x 8.8x
PEG - -7.16x -4.88x 8.79x 2.2x 2.3x 2.82x 2.82x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.49x 2.35x 2.22x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.89x 2.67x 2.48x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 12.9x 11.8x 11x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 17.9x 16.2x 14.8x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 24.6x 22x 20.4x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 4.07% 4.55% 4.9%
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% 3.38% 3.44% 3.54%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.837 4.146 4.458
Distribution rate 97.8% 102% 107% 104% 92.5% 83.3% 78.6% 75.3%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,520 7,975 8,420
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,688 1,801 1,908
EBIT 1 1,055 1,023 971 1,040 1,108 1,213 1,310 1,407
Net income 1 613 588 553 581 668 755 825.2 892.7
Net Debt 1 1,691 2,823 2,839 2,670 2,566 3,013 2,535 2,180
Reference price 2 121.88 86.00 72.54 90.88 90.86 94.64 94.64 94.64
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.($)
24.86x2.91x12.96x3.35% 23.39B
41.51x5.47x20.16x0.66% 17.69B
18.79x2.69x11.04x1.39% 3.27B
11.19x - - 2.92% 1.87B
-31.14x1.21x7.79x-.--% 1.52B
20.68x - - 2.47% 1.49B
Average 14.31x 3.07x 12.99x 1.8% 8.21B
Weighted average by Cap. 28.06x 3.83x 15.43x 2.11%

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