Company Valuation: LEM Holding SA

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,552 2,240 1,943 807.7 328.5 662.6 - -
Change - -12.25% -13.25% -58.43% -59.33% 101.74% - -
Enterprise Value (EV) 1 2,606 2,285 2,015 931.9 418.5 718.8 690.4 685.1
Change - -12.3% -11.83% -53.75% -55.09% 71.76% -3.95% -0.76%
P/E 35.3x 29.8x 29.8x 96.5x 33.4x 22.8x 21.3x 18.2x
PBR 15.8x 12.9x 11x 6.44x 2.44x 4.11x 3.7x 3.32x
PEG - 7.3x -2.2x -1.1x 1.9x 0x 3.06x 1x
Capitalization / Revenue 6.84x 5.51x 4.79x 2.63x 1.14x 2.05x 1.98x 1.85x
EV / Revenue 6.98x 5.62x 4.97x 3.04x 1.45x 2.22x 2.07x 1.91x
EV / EBITDA 25.2x 21.4x 20.8x 24.6x 9.12x 11.5x 10.6x 10.1x
EV / EBIT 29.5x 24.8x 24.8x 34.8x 17.2x 16.8x 15.3x 14x
EV / FCF 88.6x 37.6x 42.2x 58.6x 12.9x 21.5x 15.4x 16.9x
FCF Yield 1.13% 2.66% 2.37% 1.71% 7.73% 4.65% 6.48% 5.91%
Dividend per Share 2 50 52 50 - - 11 15.1 17.51
Rate of return 2.23% 2.64% 2.93% - - 1.89% 2.59% 3.01%
EPS 2 63.48 66.07 57.26 7.35 8.63 25.53 27.31 32.06
Distribution rate 78.8% 78.7% 87.3% - - 43.1% 55.3% 54.6%
Net sales 1 373.4 406.4 405.8 306.9 287.7 323.8 333.9 359
EBITDA 1 103.5 106.8 96.81 37.91 45.87 62.66 64.88 67.86
EBIT 1 88.4 92.2 81.1 26.76 24.37 42.81 45.02 48.97
Net income 1 72.4 75.3 65.3 8.391 9.857 29.05 33.34 36.61
Net Debt 1 53.47 45.67 71.95 124.2 90.04 56.17 27.79 22.51
Reference price 2 2,240.00 1,966.00 1,706.00 709.00 288.50 582.00 582.00 582.00
Nbr of stocks (in thousands) 1,139 1,139 1,139 1,139 1,139 1,139 - -
Announcement Date 24/05/22 25/05/23 28/05/24 26/05/25 26/05/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.8x2.22x11.47x1.89% 815M
51.16x17.69x42.62x1.02% 30.33B
38.58x - - - 22.77B
9.26x1.08x5.79x5.88% 3.25B
12.09x1.26x6.23x3.96% 2.56B
13.63x - - 5.37% 1.67B
57.68x - - 2.31% 1.32B
32.8x - - - 1.13B
Average 29.75x 5.56x 16.53x 3.4% 7.98B
Weighted average by Cap. 41.43x 14.75x 36.17x 1.84%

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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