Company Valuation: SGS SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,837 16,107 13,370 16,937 17,587 18,926 - -
Change - -29.47% -16.99% 26.68% 3.84% 7.61% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 21,939 21,457 21,318
Change - -22.82% -14.38% 20.97% 2.78% 8.86% -2.19% -0.65%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 25.7x 23.1x 21.4x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 14x 10.9x 8.9x
PEG - -7.16x -4.88x 8.79x 2.2x 3.42x 2x 2.72x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.48x 2.35x 2.22x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.88x 2.67x 2.5x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 12.9x 11.8x 11.1x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 18x 16.2x 15x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 26x 22.1x 20.6x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 3.85% 4.53% 4.84%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.188 3.264 3.362
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.33% 3.41% 3.51%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.72 4.141 4.467
Distribution rate 97.8% 102% 107% 104% 92.5% 85.7% 78.8% 75.3%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,618 8,050 8,514
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,702 1,811 1,925
EBIT 1 1,055 1,023 971 1,040 1,108 1,219 1,323 1,424
Net income 1 613 588 553 581 668 732.8 829.1 901.9
Net Debt 1 1,691 2,823 2,839 2,670 2,566 3,013 2,531 2,392
Reference price 2 121.88 86.00 72.54 90.88 90.86 95.78 95.78 95.78
Nbr of stocks (in thousands) 187,376 187,292 184,309 186,371 193,566 197,600 - -
Announcement Date 1/27/22 1/26/23 1/26/24 2/11/25 2/11/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.38x5.72x21.07x0.63% 18.47B
20.33x2.94x11.97x1.32% 3.56B
13.01x - - 2.52% 2.18B
-33.23x1.26x8.09x-.--% 1.62B
21.4x - - 2.38% 1.55B
Average 12.98x 3.31x 13.71x 1.37% 5.48B
Weighted average by Cap. 32.18x 4.99x 18.81x 0.93%

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