Company Valuation: Ascom Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 423.3 266.8 295.2 149.4 137.2 204.3 - -
Change - -36.96% 10.61% -49.38% -8.17% 48.88% - -
Enterprise Value (EV) 1 393.8 256.4 275.9 135.9 107.6 170.7 160.9 151.9
Change - -34.87% 7.57% -50.73% -20.82% 58.6% -5.75% -5.55%
P/E 31.8x 24.8x 17.1x 41.6x 9.1x 14.9x 12.9x 12.1x
PBR 5.3x 3.64x 3.75x 2.01x 1.63x 2.46x 2.21x 2.05x
PEG - -1.3x 0.3x -0.5x 0x -3.61x 0.9x 1.79x
Capitalization / Revenue 1.45x 0.9x 0.99x 0.52x 0.47x 0.68x 0.67x 0.65x
EV / Revenue 1.35x 0.86x 0.93x 0.47x 0.37x 0.57x 0.52x 0.48x
EV / EBITDA 13.7x 10.7x 9.17x 6.38x 3.14x 5.05x 4.52x 4.1x
EV / EBIT 24.9x 18.3x 13.7x 17.9x 5.3x 8.21x 7.22x 6.5x
EV / FCF -3,938x -80.1x 16.9x 30.2x 5.01x 12.7x 9.99x 8.21x
FCF Yield -0.03% -1.25% 5.91% 3.31% 20% 7.85% 10% 12.2%
Dividend per Share 2 0.2 0.2 0.3 0.1 0.1 0.1833 0.25 0.3
Rate of return 1.7% 2.69% 3.65% 2.4% 2.62% 3.07% 4.18% 5.02%
EPS 2 0.37 0.3 0.48 0.1 0.42 0.4026 0.4623 0.4935
Distribution rate 54.1% 66.7% 62.5% 100% 23.8% 45.5% 54.1% 60.8%
Net sales 1 291.5 297.4 297.3 286.7 292.1 298.8 306.5 313.6
EBITDA 1 28.7 23.9 30.1 21.3 34.3 33.81 35.61 37.06
EBIT 1 15.8 14 20.2 7.6 20.3 20.78 22.29 23.36
Net income 1 13.5 11 17.4 3.7 15.1 14.24 16.26 17.28
Net Debt 1 -29.5 -10.4 -19.3 -13.5 -29.6 -33.61 -43.42 -52.36
Reference price 2 11.760 7.430 8.220 4.160 3.820 5.980 5.980 5.980
Nbr of stocks (in thousands) 35,993 35,915 35,909 35,917 35,919 34,161 - -
Announcement Date 09/03/22 08/03/23 05/03/24 12/03/25 09/03/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.85x0.57x5.05x3.07% 254M
34.8x7.26x18.74x1.47% 444B
47.5x16.07x33.65x-.--% 201B
21.13x0.88x15.35x2.1% 189B
41.03x12.78x32.07x0.27% 183B
44.43x2.85x18.53x1.34% 71.67B
31.86x6.03x17.66x1.12% 70.16B
81.16x9.45x43.64x-.--% 59.8B
147.45x18.99x55.75x-.--% 56.66B
25.32x5.47x18.92x1.72% 46.29B
Average 48.95x 8.03x 25.94x 1.11% 132.3B
Weighted average by Cap. 42.59x 8.69x 25.02x 1.02%

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

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  3. ASCN Stock
  4. Valuation Ascom Holding AG