Company Valuation: Emmi AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,756 4,189 4,874 3,937 3,932 4,874 - -
Change - -27.23% 16.35% -19.21% -0.14% 23.95% - -
Enterprise Value (EV) 1 6,158 4,679 7,975 4,961 4,684 5,645 5,467 5,302
Change - -24.03% 70.45% -37.79% -5.59% 20.52% -3.15% -3.02%
P/E 26.6x 22.9x 26.2x 17.9x 17.3x 20.7x 18.8x 17.4x
PBR 5.32x 3.58x 3.77x 3.96x 3.64x 3.79x 3.34x 2.95x
PEG - -1.5x 12.77x 1x 5.65x 5.58x 1.9x 2.15x
Capitalization / Revenue 1.47x 0.99x 1.15x 0.91x 0.83x 1.01x 0.98x 0.95x
EV / Revenue 1.57x 1.11x 1.88x 1.14x 0.99x 1.17x 1.1x 1.04x
EV / EBITDA 15.6x 12.3x 21.2x 11.5x 9.52x 11.2x 10.3x 9.49x
EV / EBIT 21.7x 18.5x 30.9x 16.4x 14x 16.4x 14.8x 13.5x
EV / FCF 60.1x 579x 35.7x 17.5x 20x 24.2x 21.1x 19.2x
FCF Yield 1.66% 0.17% 2.8% 5.7% 5.01% 4.14% 4.74% 5.21%
Dividend per Share 2 14 14.5 15.5 16.5 17.5 18.14 19.5 20.64
Rate of return 1.3% 1.85% 1.7% 2.24% 2.38% 1.99% 2.14% 2.27%
EPS 2 40.51 34.12 34.82 41.18 42.44 44.01 48.45 52.38
Distribution rate 34.6% 42.5% 44.5% 40.1% 41.2% 41.2% 40.2% 39.4%
Net sales 1 3,912 4,230 4,242 4,349 4,746 4,837 4,980 5,111
EBITDA 1 394.7 379.3 375.8 430.6 492.3 505 530.9 558.6
EBIT 1 284.1 253 258.2 302.7 334.6 345.2 368.7 393.6
Net income 1 216.7 182.5 186.3 220.3 227.1 235.6 259.2 280.9
Net Debt 1 401.9 489.8 3,101 1,024 751.7 771.2 593.3 428
Reference price 2 1,076.00 783.00 911.00 736.00 735.00 911.00 911.00 911.00
Nbr of stocks (in thousands) 5,350 5,350 5,350 5,350 5,350 5,350 - -
Announcement Date 3/4/22 3/1/23 2/29/24 2/26/25 2/27/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.72x1.17x11.19x1.99% 5.91B
21.7x2.92x14.58x3.8% 257B
19.71x2.52x15.01x3.25% 80.84B
16.4x1.69x9.63x3.86% 43.73B
14.89x0.53x9.54x2.59% 38.8B
20.21x3.09x12.55x3.46% 33.55B
36.03x3.11x18.13x1.03% 31.71B
25.82x5.36x17.08x3.25% 29.35B
-8.17x1.81x9.01x6.92% 27.48B
17.3x1.66x11.76x4.93% 26.26B
Average 18.46x 2.39x 12.85x 3.51% 57.48B
Weighted average by Cap. 19.83x 2.63x 13.70x 3.63%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Emmi AG

Historical PBR trend

Valuation ratios - PBR - Emmi AG

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Emmi AG

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Emmi AG


Year-on-year evolution of the Yield

Valuation ratios - Yield - Emmi AG