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 18,740 - -
Change - -29.47% -16.99% 26.68% 3.84% 6.56% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 21,787 21,289 21,169
Change - -22.82% -14.38% 20.97% 2.78% 8.11% -2.29% -0.57%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 25.5x 23x 21.4x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 13.8x 10.8x 8.81x
PEG - -7.16x -4.88x 8.79x 2.2x 3.47x 2.1x 2.83x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.46x 2.33x 2.21x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.87x 2.65x 2.49x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 12.8x 11.8x 11x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 17.9x 16.1x 14.9x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 26x 22x 20.6x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 3.85% 4.55% 4.84%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.188 3.272 3.37
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.36% 3.45% 3.55%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.715 4.127 4.439
Distribution rate 97.8% 102% 107% 104% 92.5% 85.8% 79.3% 75.9%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,604 8,035 8,493
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,701 1,809 1,922
EBIT 1 1,055 1,023 971 1,040 1,108 1,216 1,319 1,419
Net income 1 613 588 553 581 668 724.9 824.6 895.2
Net Debt 1 1,691 2,823 2,839 2,670 2,566 3,047 2,549 2,428
Reference price 2 121.88 86.00 72.54 90.88 90.86 94.84 94.84 94.84
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.($)
25.4x2.87x12.82x3.36% 22.9B
19.11x2.74x11.25x1.36% 3.33B
12.58x - - 2.6% 2.1B
-33.05x1.26x8.06x-.--% 1.61B
20.63x - - 2.47% 1.49B
Average 8.93x 2.29x 10.71x 1.96% 6.29B
Weighted average by Cap. 20.65x 2.77x 12.36x 2.88%

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