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 18,726 - -
Change - -29.47% -16.99% 26.68% 3.84% 6.48% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 21,739 21,261 20,906
Change - -22.82% -14.38% 20.97% 2.78% 7.87% -2.2% -1.67%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 24.6x 22.8x 21.3x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 13.7x 10.5x 8.8x
PEG - -7.16x -4.88x 8.79x 2.2x 2.2x 2.88x 2.98x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.49x 2.35x 2.22x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.89x 2.67x 2.48x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 12.9x 11.8x 11x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 17.9x 16.2x 14.9x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 24.6x 22x 20.4x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 4.06% 4.55% 4.9%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.195 3.26 3.354
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.37% 3.44% 3.54%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.852 4.157 4.453
Distribution rate 97.8% 102% 107% 104% 92.5% 83% 78.4% 75.3%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,520 7,975 8,420
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,688 1,801 1,908
EBIT 1 1,055 1,023 971 1,040 1,108 1,213 1,310 1,407
Net income 1 613 588 553 581 668 755 825.2 892.7
Net Debt 1 1,691 2,823 2,839 2,670 2,566 3,013 2,535 2,180
Reference price 2 121.88 86.00 72.54 90.88 90.86 94.68 94.68 94.68
Nbr of stocks (in thousands) 187,376 187,292 184,309 186,371 193,566 197,785 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.58x2.89x12.88x3.37% 23.21B
41.34x5.43x20.03x0.65% 17.59B
19.17x2.75x11.29x1.36% 3.34B
11.34x - - 2.89% 1.9B
23.26x - - 2.19% 1.67B
-36.3x1.28x8.23x-.--% 1.67B
Average 13.90x 3.09x 13.11x 1.74% 8.23B
Weighted average by Cap. 27.57x 3.80x 15.34x 2.09%

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