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 17,698 - -
Change - -29.47% -16.99% 26.68% 3.84% 0.63% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 20,707 20,230 19,782
Change - -22.82% -14.38% 20.97% 2.78% 2.75% -2.3% -2.21%
P/E Ratio 37.3x 27.3x 24.3x 29.4x 26.3x 23.2x 21.5x 20.1x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 13x 9.98x 8.18x
PEG - -7.16x -4.88x 8.79x 2.2x 2x 2.78x 2.85x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.35x 2.22x 2.1x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.75x 2.54x 2.35x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 12.3x 11.2x 10.4x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 17.1x 15.5x 14.1x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 23.4x 20.9x 19.4x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 4.28% 4.78% 5.15%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.194 3.258 3.352
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.57% 3.64% 3.75%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.855 4.153 4.446
Distribution rate 97.8% 102% 107% 104% 92.5% 82.8% 78.4% 75.4%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,522 7,966 8,413
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,688 1,800 1,905
EBIT 1 1,055 1,023 971 1,040 1,108 1,213 1,307 1,403
Net income 1 613 588 553 581 668 755.7 824.4 892.3
Net Debt 1 1,691 2,823 2,839 2,670 2,566 3,009 2,532 2,085
Reference price 2 121.88 86.00 72.54 90.88 90.86 89.48 89.48 89.48
Nbr of stocks (in thousands) 187,376 187,292 184,309 186,371 193,566 197,785 - -
Announcement Date 1/27/22 1/26/23 1/26/24 2/11/25 2/11/26 - - -
1CHF in Million2CHF
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.21x2.75x12.27x3.57% 22.24B
45.92x6.04x22.24x0.58% 19.54B
19.71x2.84x11.63x1.32% 3.44B
12.45x - - 2.63% 2.09B
-40.78x1.38x8.84x-.--% 1.88B
21.96x - - 2.32% 1.58B
Average 13.75x 3.25x 13.74x 1.74% 8.46B
Weighted average by Cap. 28.86x 4.07x 16.22x 2.06%

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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