Company Valuation: PSP Swiss Property AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,215 4,977 5,394 5,912 6,582 6,582 - -
Change - -4.57% 8.39% 9.61% 11.33% 0% - -
Enterprise Value (EV) 1 8,200 8,041 8,718 9,240 9,906 9,831 9,825 9,837
Change - -1.94% 8.42% 5.99% 7.21% -0.76% -0.06% 0.12%
P/E 8.77x 15.1x 26x 15.8x 16.1x 18.9x 19.8x 20.2x
PBR 1.04x 0.96x 1.03x 1.09x 1.17x 1.1x 1.07x 1.05x
PEG - -0.3x -0.7x 0.2x 1.78x -1.3x -4.06x -12.65x
Capitalization / Revenue 16.8x 15.7x 16.3x 16.9x 18.8x 18.2x 18.1x 18.1x
EV / Revenue 26.5x 25.4x 26.3x 26.4x 28.4x 27.2x 27x 27x
EV / EBITDA 29.4x 27.4x 29.3x 30.3x 32.8x 30.1x 30.6x 30.8x
EV / EBIT 29.6x 27.5x 29.4x 30.4x 32.9x 30.3x 30.8x 31x
EV / FCF 42.6x 85.3x -114x 52.9x 53.9x 88.7x 59.8x 53.8x
FCF Yield 2.35% 1.17% -0.88% 1.89% 1.85% 1.13% 1.67% 1.86%
Dividend per Share 2 3.75 3.8 3.85 3.9 3.95 4.008 4.065 4.119
Rate of return 3.3% 3.5% 3.27% 3.03% 2.75% 2.79% 2.83% 2.87%
EPS 2 12.97 7.19 4.53 8.17 8.91 7.604 7.233 7.117
Distribution rate 28.9% 52.9% 85% 47.7% 44.3% 52.7% 56.2% 57.9%
Net sales 1 309.6 316.2 331.9 350 349.2 361.4 363.5 363.8
EBITDA 1 278.8 293.8 297.7 304.9 302 326.4 321 319.2
EBIT 1 277.4 292.5 296.6 304 300.9 324.3 319.1 317.2
Net income 1 595 330 207.6 374.9 408.5 329.7 318.6 312.8
Net Debt 1 2,985 3,065 3,324 3,328 3,324 3,249 3,243 3,255
Reference price 2 113.70 108.50 117.60 128.90 143.50 143.50 143.50 143.50
Nbr of stocks (in thousands) 45,868 45,868 45,868 45,868 45,868 45,868 - -
Announcement Date 2/22/22 2/21/23 2/27/24 2/25/25 2/24/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.87x27.2x30.12x2.79% 8.19B
14.88x4.71x12.81x3.38% 42.6B
21.11x4.3x17.63x1.19% 31.49B
6.05x0.73x1.51x8.25% 29.17B
7.86x1.41x7.04x4.53% 28.29B
14.24x3.1x14.86x2.47% 25.7B
16.12x1.03x6.79x2.31% 22.38B
15.47x6.9x18.52x1.38% 22.03B
9.05x2.2x7.56x4.11% 19.76B
Average 13.74x 5.73x 12.98x 3.38% 25.51B
Weighted average by Cap. 13.50x 4.00x 11.68x 3.48%

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

  1. Stock Market
  2. Stocks
  3. PSPN Stock
  4. Valuation PSP Swiss Property AG