Company Valuation: Firstcaution SA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 79.23 80.8 94.87 117.5 129.1 156.9
Change - 1.98% 17.42% 23.85% 9.85% 21.59%
Enterprise Value (EV) 1 68.08 67.33 79.56 96.05 106.1 132.5
Change - -1.1% 18.15% 20.73% 10.44% 24.93%
P/E 49.7x - -225x 4,848x 99.4x 68.4x
PBR 7.87x - 12.2x 15.1x 14.2x 14.5x
PEG - - - -46x 0x 0.9x
Capitalization / Revenue 5.08x 4.62x 4.86x 5.08x 4.79x 5.23x
EV / Revenue 4.37x 3.85x 4.08x 4.15x 3.94x 4.42x
EV / EBITDA 33.7x -59.6x -6,795x 97.6x 41.2x 35.7x
EV / EBIT 38.4x -44.4x -215x 297x 57x 46.5x
EV / FCF 51.3x 200x 88x 49.5x 22.2x 35.2x
FCF Yield 1.95% 0.5% 1.14% 2.02% 4.51% 2.84%
Dividend per Share 2 0.4004 - - - 0.1595 -
Rate of return 1.91% - - - 0.47% -
EPS 2 0.4214 - -0.1116 0.006413 0.3436 0.6071
Distribution rate 95% - - - 46.4% -
Net sales 1 15.58 17.48 19.52 23.15 26.92 30
EBITDA 1 2.022 -1.13 -0.0117 0.9836 2.573 3.711
EBIT 1 1.772 -1.516 -0.3707 0.3236 1.861 2.848
Net income 1 1.593 -0.3695 -0.4217 0.0242 1.298 2.295
Net Debt 1 -11.14 -13.46 -15.31 -21.45 -22.99 -24.42
Reference price 2 20.96 21.38 25.10 31.09 34.15 41.52
Nbr of stocks (in thousands) 3,780 3,780 3,780 3,780 3,780 3,780
Announcement Date 4/27/21 4/25/23 4/25/23 6/25/24 4/29/25 4/29/26
1CHF in Million2CHF
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 136M
15.33x2.05x - 2.93% 94.84B
11.4x - - 1.24% 81.14B
9.66x - - 1.57% 70.63B
10.49x1.13x - 3.4% 44.61B
11.37x - - 2.44% 42.52B
8.4x - - 0.9% 39.15B
12.32x0.94x - 2.31% 40.01B
17.38x2.17x - 2.06% 35.64B
9.98x2.49x - 0.19% 35.5B
Average 11.82x 1.75x 1.89% 48.42B
Weighted average by Cap. 12.00x 1.79x 1.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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