Company Valuation: Ascom Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 423.3 266.8 295.2 149.4 137.2 187.2 - -
Change - -36.96% 10.61% -49.38% -8.17% 36.44% - -
Enterprise Value (EV) 1 393.8 256.4 275.9 135.9 107.6 153.1 143.7 134.2
Change - -34.87% 7.57% -50.73% -20.82% 42.23% -6.1% -6.59%
P/E 31.8x 24.8x 17.1x 41.6x 9.1x 13.9x 12.2x 11.5x
PBR 5.3x 3.64x 3.75x 2.01x 1.63x 2.25x 2.03x 1.88x
PEG - -1.3x 0.3x -0.5x 0x -2.25x 0.9x 1.91x
Capitalization / Revenue 1.45x 0.9x 0.99x 0.52x 0.47x 0.63x 0.62x 0.6x
EV / Revenue 1.35x 0.86x 0.93x 0.47x 0.37x 0.52x 0.47x 0.43x
EV / EBITDA 13.7x 10.7x 9.17x 6.38x 3.14x 4.6x 4.11x 3.7x
EV / EBIT 24.9x 18.3x 13.7x 17.9x 5.3x 7.53x 6.64x 5.92x
EV / FCF -3,938x -80.1x 16.9x 30.2x 5.01x 13.3x 10.9x 8.66x
FCF Yield -0.03% -1.25% 5.91% 3.31% 20% 7.51% 9.18% 11.5%
Dividend per Share 2 0.2 0.2 0.3 0.1 0.1 0.1833 0.2167 0.3
Rate of return 1.7% 2.69% 3.65% 2.4% 2.62% 3.35% 3.95% 5.47%
EPS 2 0.37 0.3 0.48 0.1 0.42 0.3941 0.4498 0.4768
Distribution rate 54.1% 66.7% 62.5% 100% 23.8% 46.5% 48.2% 62.9%
Net sales 1 291.5 297.4 297.3 286.7 292.1 296.5 303.8 310.7
EBITDA 1 28.7 23.9 30.1 21.3 34.3 33.24 34.94 36.33
EBIT 1 15.8 14 20.2 7.6 20.3 20.32 21.65 22.69
Net income 1 13.5 11 17.4 3.7 15.1 13.88 15.79 16.75
Net Debt 1 -29.5 -10.4 -19.3 -13.5 -29.6 -34.15 -43.49 -52.96
Reference price 2 11.760 7.430 8.220 4.160 3.820 5.480 5.480 5.480
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.($)
14.23x0.54x4.82x3.19% 244M
34.43x7.21x18.62x1.48% 441B
49.99x16.96x35.41x-.--% 212B
18.77x0.78x13.6x2.39% 169B
34.62x10.54x26.2x0.3% 161B
31.16x5.94x17.38x1.15% 68.61B
148.36x19.1x56.01x-.--% 57.01B
35.2x2.23x14.46x1.7% 56.83B
71.93x8.38x38.68x-.--% 53B
26.32x5.7x19.72x1.65% 48.13B
Average 46.50x 7.74x 24.49x 1.19% 126.71B
Weighted average by Cap. 41.22x 8.64x 24.04x 1.07%

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