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 19,191 - -
Change - -29.47% -16.99% 26.68% 3.84% 9.12% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 22,203 21,722 21,583
Change - -22.82% -14.38% 20.97% 2.78% 10.17% -2.17% -0.64%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 26.1x 23.5x 21.7x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 14.2x 11x 9.02x
PEG - -7.16x -4.88x 8.79x 2.2x 3.47x 2.1x 2.76x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.52x 2.38x 2.25x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.91x 2.7x 2.53x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 13x 12x 11.2x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 18.2x 16.4x 15.2x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 26.3x 22.3x 20.9x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 3.81% 4.48% 4.78%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.188 3.264 3.362
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.28% 3.36% 3.46%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.72 4.141 4.467
Distribution rate 97.8% 102% 107% 104% 92.5% 85.7% 78.8% 75.3%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,618 8,050 8,514
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,702 1,811 1,925
EBIT 1 1,055 1,023 971 1,040 1,108 1,219 1,323 1,424
Net income 1 613 588 553 581 668 732.8 829.1 901.9
Net Debt 1 1,691 2,823 2,839 2,670 2,566 3,013 2,531 2,392
Reference price 2 121.88 86.00 72.54 90.88 90.86 97.12 97.12 97.12
Nbr of stocks (in thousands) 187,376 187,292 184,309 186,371 193,566 197,600 - -
Announcement Date 27/01/22 26/01/23 26/01/24 11/02/25 11/02/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.1x5.68x20.93x0.64% 18.35B
20.39x2.92x12.02x1.3% 3.52B
13.19x - - 2.48% 2.21B
-35.64x1.31x8.43x-.--% 1.74B
21.83x - - 2.34% 1.58B
Average 12.57x 3.31x 13.79x 1.35% 5.48B
Weighted average by Cap. 31.54x 4.95x 18.68x 0.93%

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