Company Valuation: Implenia AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 383.1 701.5 562.5 564.8 1,410 1,126 - -
Change - 83.13% -19.81% 0.4% 149.58% -20.1% - -
Enterprise Value (EV) 1 474.2 748.1 794.6 849.4 1,634 1,358 1,425 1,182
Change - 57.75% 6.21% 6.89% 92.33% -16.89% 4.97% -17.07%
P/E 6.83x 6.81x 4.03x 6.14x 16.9x 13.5x 10.8x 9.72x
PBR 1.11x 1.46x 0.98x 0.86x 1.88x 1.4x 1.29x 1.18x
PEG - 0.1x 0.1x -0.2x -1.8x -23.55x 0.4x 0.8x
Capitalization / Revenue 0.1x 0.2x 0.16x 0.16x 0.41x 0.32x 0.3x 0.29x
EV / Revenue 0.13x 0.21x 0.22x 0.24x 0.47x 0.39x 0.38x 0.3x
EV / EBITDA 2.11x 3.21x 3.51x 3.43x 6x 5.15x 4.94x 3.9x
EV / EBIT 4.13x 5.39x 6.48x 6.51x 11.6x 9.73x 9.19x 6.97x
EV / FCF -1.98x 2.63x -10.9x 35.9x 13x 11.3x 13.7x 11.7x
FCF Yield -50.5% 38% -9.2% 2.79% 7.67% 8.87% 7.28% 8.56%
Dividend per Share 2 - 0.4 0.6 0.9 1.4 1.492 1.725 1.958
Rate of return - 1.05% 1.97% 2.93% 1.83% 2.45% 2.83% 3.21%
EPS 2 3.04 5.59 7.57 5 4.53 4.504 5.626 6.278
Distribution rate - 7.16% 7.93% 18% 30.9% 33.1% 30.7% 31.2%
Net sales 1 3,765 3,563 3,596 3,559 3,475 3,476 3,710 3,911
EBITDA 1 224.8 233.1 226.4 247.9 272.3 263.6 288.4 303.1
EBIT 1 114.8 138.9 122.6 130.5 140.5 139.6 155.1 169.6
Net income 1 61.16 104.8 141 92.36 83.64 83.57 104.5 116.5
Net Debt 1 91.19 46.67 232.1 284.6 224.1 231.4 298.9 55.61
Reference price 2 20.76 38.05 30.50 30.70 76.50 61.00 61.00 61.00
Nbr of stocks (in thousands) 18,452 18,436 18,444 18,398 18,427 18,464 - -
Announcement Date 08/03/22 01/03/23 28/02/24 26/02/25 04/03/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
57.68x2.63x25.16x0.07% 99.36B
13.7x1.15x6.29x4.27% 79.69B
34.56x4.35x23.61x0.2% 58.85B
26.98x2.08x20.46x1.11% 58.68B
57.18x4.64x29.34x1.54% 47.33B
31.24x0.76x12.69x1.98% 38.94B
24.71x1.69x15.59x0.19% 35.7B
25.62x0.52x8.24x2.31% 34.92B
4.45x0.29x5.48x6.28% 27.8B
Average 30.68x 2.01x 16.32x 1.99% 53.48B
Weighted average by Cap. 33.79x 2.22x 17.60x 1.74%

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