Company Valuation: Implenia AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 383.1 701.5 562.5 564.8 1,410 1,150 - -
Change - 83.13% -19.81% 0.4% 149.58% -18.4% - -
Enterprise Value (EV) 1 474.2 748.1 794.6 849.4 1,634 1,382 1,449 1,206
Change - 57.75% 6.21% 6.89% 92.33% -15.42% 4.89% -16.79%
P/E 6.83x 6.81x 4.03x 6.14x 16.9x 13.8x 11.1x 9.92x
PBR 1.11x 1.46x 0.98x 0.86x 1.88x 1.43x 1.31x 1.21x
PEG - 0.1x 0.1x -0.2x -1.8x -24.07x 0.4x 0.9x
Capitalization / Revenue 0.1x 0.2x 0.16x 0.16x 0.41x 0.33x 0.31x 0.29x
EV / Revenue 0.13x 0.21x 0.22x 0.24x 0.47x 0.4x 0.39x 0.31x
EV / EBITDA 2.11x 3.21x 3.51x 3.43x 6x 5.24x 5.03x 3.98x
EV / EBIT 4.13x 5.39x 6.48x 6.51x 11.6x 9.9x 9.34x 7.11x
EV / FCF -1.98x 2.63x -10.9x 35.9x 13x 11.5x 14x 11.9x
FCF Yield -50.5% 38% -9.2% 2.79% 7.67% 8.72% 7.16% 8.39%
Dividend per Share 2 - 0.4 0.6 0.9 1.4 1.492 1.725 1.958
Rate of return - 1.05% 1.97% 2.93% 1.83% 2.39% 2.77% 3.14%
EPS 2 3.04 5.59 7.57 5 4.53 4.504 5.626 6.278
Distribution rate - 7.16% 7.93% 18% 30.9% 33.1% 30.7% 31.2%
Net sales 1 3,765 3,563 3,596 3,559 3,475 3,476 3,710 3,911
EBITDA 1 224.8 233.1 226.4 247.9 272.3 263.6 288.4 303.1
EBIT 1 114.8 138.9 122.6 130.5 140.5 139.6 155.1 169.6
Net income 1 61.16 104.8 141 92.36 83.64 83.57 104.5 116.5
Net Debt 1 91.19 46.67 232.1 284.6 224.1 231.4 298.9 55.61
Reference price 2 20.76 38.05 30.50 30.70 76.50 62.30 62.30 62.30
Nbr of stocks (in thousands) 18,452 18,436 18,444 18,398 18,427 18,464 - -
Announcement Date 3/8/22 3/1/23 2/28/24 2/26/25 3/4/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
58.83x2.66x25.41x0.07% 100B
13.95x1.16x6.37x4.19% 80.84B
35.36x4.45x24.18x0.19% 60.21B
26.86x2.08x20.38x1.13% 58.49B
54.21x4.64x29.12x1.53% 47.45B
31.88x0.78x12.95x1.94% 39.64B
24.68x1.69x15.57x0.19% 35.66B
25.67x0.52x8.25x2.3% 34.9B
4.48x0.29x5.49x6.24% 27.97B
Average 30.66x 2.03x 16.41x 1.98% 53.95B
Weighted average by Cap. 33.92x 2.24x 17.72x 1.72%

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