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 18,794 - -
Change - -29.47% -16.99% 26.68% 3.84% 6.86% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 21,807 21,330 20,975
Change - -22.82% -14.38% 20.97% 2.78% 8.2% -2.19% -1.66%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 24.7x 22.9x 21.3x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 13.8x 10.6x 8.84x
PEG - -7.16x -4.88x 8.79x 2.2x 2.2x 2.89x 2.98x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.5x 2.36x 2.23x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.9x 2.68x 2.49x
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 18x 16.3x 14.9x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 24.7x 22x 20.5x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 4.05% 4.54% 4.88%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.194 3.258 3.352
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.36% 3.43% 3.53%
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% 82.9% 78.4% 75.3%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,517 7,969 8,413
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 1,309 1,406
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 2,536 2,182
Reference price 2 121.88 86.00 72.54 90.88 90.86 95.02 95.02 95.02
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.($)
24.67x2.9x12.92x3.36% 23.3B
42.29x5.56x20.49x0.63% 17.99B
20.23x2.92x11.97x1.29% 3.52B
11.1x - - 2.95% 1.85B
-39.43x1.35x8.65x-.--% 1.82B
23.61x - - 2.16% 1.7B
Average 13.75x 3.18x 13.51x 1.73% 8.36B
Weighted average by Cap. 27.82x 3.87x 15.61x 2.06%

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