Company Valuation: LEM Holding SA

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,552 2,240 1,943 807.7 328.5 628.5 - -
Change - -12.25% -13.25% -58.43% -59.33% 91.34% - -
Enterprise Value (EV) 1 2,606 2,285 2,015 931.9 418.5 684.6 656.3 651
Change - -12.3% -11.83% -53.75% -55.09% 63.59% -4.15% -0.8%
P/E 35.3x 29.8x 29.8x 96.5x 33.4x 21.6x 20.2x 17.2x
PBR 15.8x 12.9x 11x 6.44x 2.44x 3.9x 3.51x 3.15x
PEG - 7.3x -2.2x -1.1x 1.9x 0x 2.9x 1x
Capitalization / Revenue 6.84x 5.51x 4.79x 2.63x 1.14x 1.94x 1.88x 1.75x
EV / Revenue 6.98x 5.62x 4.97x 3.04x 1.45x 2.11x 1.97x 1.81x
EV / EBITDA 25.2x 21.4x 20.8x 24.6x 9.12x 10.9x 10.1x 9.59x
EV / EBIT 29.5x 24.8x 24.8x 34.8x 17.2x 16x 14.6x 13.3x
EV / FCF 88.6x 37.6x 42.2x 58.6x 12.9x 20.5x 14.7x 16.1x
FCF Yield 1.13% 2.66% 2.37% 1.71% 7.73% 4.88% 6.82% 6.22%
Dividend per Share 2 50 52 50 - - 11 15.1 17.51
Rate of return 2.23% 2.64% 2.93% - - 1.99% 2.74% 3.17%
EPS 2 63.48 66.07 57.26 7.35 8.63 25.53 27.31 32.06
Distribution rate 78.8% 78.7% 87.3% - - 43.1% 55.3% 54.6%
Net sales 1 373.4 406.4 405.8 306.9 287.7 323.8 333.9 359
EBITDA 1 103.5 106.8 96.81 37.91 45.87 62.66 64.88 67.86
EBIT 1 88.4 92.2 81.1 26.76 24.37 42.81 45.02 48.97
Net income 1 72.4 75.3 65.3 8.391 9.857 29.05 33.34 36.61
Net Debt 1 53.47 45.67 71.95 124.2 90.04 56.17 27.79 22.51
Reference price 2 2,240.00 1,966.00 1,706.00 709.00 288.50 552.00 552.00 552.00
Nbr of stocks (in thousands) 1,139 1,139 1,139 1,139 1,139 1,139 - -
Announcement Date 5/24/22 5/25/23 5/28/24 5/26/25 5/26/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.62x2.11x10.93x1.99% 776M
266.49x - - - 37.7B
45.15x15.59x37.57x1.15% 27.18B
42.48x - - - 25.19B
7.91x0.89x4.81x6.89% 2.79B
10.39x0.92x4.93x4.5% 1.98B
14.46x - - 5.23% 1.78B
36.81x - - - 1.27B
53.53x - - 2.49% 1.23B
Average 55.43x 4.88x 14.56x 3.71% 11.1B
Weighted average by Cap. 125.53x 13.13x 32.17x 2.05%

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

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  3. LEHN Stock
  4. Valuation LEM Holding SA