Financials Georg Fischer AG

Equities

FI-N

CH1169151003

Industrial Machinery & Equipment

Market Closed - Swiss Exchange 11:31:54 2024-06-17 EDT 5-day change 1st Jan Change
62.6 CHF +0.32% Intraday chart for Georg Fischer AG -3.32% +2.45%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,024 4,667 5,669 4,632 5,003 5,111 - -
Enterprise Value (EV) 1 4,256 4,784 5,723 4,473 6,882 6,896 6,709 6,450
P/E ratio 23.4 x 40.7 x 26.6 x 16.8 x 21.3 x 17 x 14.5 x 13 x
Yield 2.54% 1.32% 1.44% 2.3% 2.13% 2.24% 2.4% 2.59%
Capitalization / Revenue 1.08 x 1.47 x 1.52 x 1.16 x 1.24 x 1.01 x 0.97 x 0.93 x
EV / Revenue 1.14 x 1.5 x 1.54 x 1.12 x 1.71 x 1.36 x 1.27 x 1.18 x
EV / EBITDA 11.4 x 16 x 13.9 x 8.82 x 13.5 x 10.5 x 9.49 x 8.49 x
EV / FCF 30.4 x 24.3 x 37.4 x 27.8 x 51.7 x 24.2 x 20.7 x 16.8 x
FCF Yield 3.29% 4.12% 2.67% 3.6% 1.93% 4.14% 4.83% 5.95%
Price to Book 2.88 x 3.45 x 3.85 x 2.89 x -114 x 2.89 x 2.49 x 2.21 x
Nbr of stocks (in thousands) 81,866 81,875 81,864 81,832 81,886 81,905 - -
Reference price 2 49.15 57.00 69.25 56.60 61.10 62.40 62.40 62.40
Announcement Date 20-02-26 21-03-03 22-03-02 23-03-01 24-03-19 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,720 3,184 3,722 3,998 4,026 5,075 5,272 5,471
EBITDA 1 374 299 412 507 511 658.6 707.3 759.4
EBIT 1 281 185 278 391 365 496.3 543.3 592.3
Operating Margin 7.55% 5.81% 7.47% 9.78% 9.07% 9.78% 10.3% 10.83%
Earnings before Tax (EBT) 1 203 143 253 354 313 416.9 471.3 521.8
Net income 1 173 116 214 276 235 301.4 351.8 393.5
Net margin 4.65% 3.64% 5.75% 6.9% 5.84% 5.94% 6.67% 7.19%
EPS 2 2.100 1.400 2.600 3.370 2.870 3.674 4.307 4.802
Free Cash Flow 1 140 197 153 161 133 285.5 324 383.7
FCF margin 3.76% 6.19% 4.11% 4.03% 3.3% 5.63% 6.15% 7.01%
FCF Conversion (EBITDA) 37.43% 65.89% 37.14% 31.76% 26.03% 43.35% 45.81% 50.52%
FCF Conversion (Net income) 80.92% 169.83% 71.5% 58.33% 56.6% 94.73% 92.1% 97.5%
Dividend per Share 2 1.250 0.7500 1.000 1.300 1.300 1.400 1.500 1.617
Announcement Date 20-02-26 21-03-03 22-03-02 23-03-01 24-03-19 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2
Net sales 1 1,528 1,656 1,835 1,887 1,971 2,027 1,961 2,065
EBITDA 118 - 209 - 240 - 239 -
EBIT 1 57 121 141 137 179 - 184 181
Operating Margin 3.73% 7.31% 7.68% 7.26% 9.08% - 9.38% 8.77%
Earnings before Tax (EBT) 1 - - - - - - - 150
Net income 1 34 - 108 - 125 - 123 112
Net margin 2.23% - 5.89% - 6.34% - 6.27% 5.42%
EPS - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 20-07-21 21-03-03 21-07-21 22-03-02 22-07-20 23-03-01 23-07-20 24-03-19
1CHF in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 232 117 54 - 1,879 1,785 1,598 1,340
Net Cash position 1 - - - 159 - - - -
Leverage (Debt/EBITDA) 0.6203 x 0.3913 x 0.1311 x - 3.677 x 2.711 x 2.26 x 1.764 x
Free Cash Flow 1 140 197 153 161 133 286 324 384
ROE (net income / shareholders' equity) 12% 8% 13.8% 17.8% 30.2% 18.9% 17.7% 17.6%
ROA (Net income/ Total Assets) - 3.42% 5.93% - - - - -
Assets 1 - 3,394 3,606 - - - - -
Book Value Per Share 2 17.10 16.50 18.00 19.60 -0.5400 21.60 25.10 28.20
Cash Flow per Share 2 3.880 4.130 3.520 3.980 4.120 3.840 5.830 6.230
Capex 1 178 145 135 165 205 200 190 198
Capex / Sales 4.78% 4.55% 3.63% 4.13% 5.09% 3.94% 3.61% 3.63%
Announcement Date 20-02-26 21-03-03 22-03-02 23-03-01 24-03-19 - - -
1CHF in Million2CHF
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
62.4 CHF
Average target price
75.14 CHF
Spread / Average Target
+20.42%
Consensus

Quarterly revenue - Rate of surprise

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