Company Valuation: Sika AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 54,181 34,076 43,906 34,621 26,088 28,077 - -
Change - -37.11% 28.85% -21.15% -24.65% 7.62% - -
Enterprise Value (EV) 1 56,720 36,128 49,125 39,661 30,823 32,394 31,794 31,133
Change - -36.3% 35.97% -19.27% -22.28% 5.1% -1.85% -2.08%
P/E 57.6x 30.4x 41.2x 27.8x 25x 23.7x 20.9x 18.7x
PBR 12.4x 6.86x 7.2x 4.92x 3.92x 3.81x 3.46x 3.16x
PEG - 2.9x -4.69x 1.7x -1.6x 1.8x 1.6x 1.5x
Capitalization / Revenue 5.86x 3.25x 3.91x 2.94x 2.33x 2.45x 2.32x 2.2x
EV / Revenue 6.13x 3.44x 4.37x 3.37x 2.75x 2.83x 2.63x 2.44x
EV / EBITDA 32.3x 18.4x 24x 17.5x 14.9x 14.7x 13.2x 11.9x
EV / EBIT 40.8x 22.9x 31.7x 23.1x 20.6x 19.5x 17.2x 15.2x
EV / FCF 62.4x 38.8x 35.8x 28.3x 22.7x 24.6x 22x 19.6x
FCF Yield 1.6% 2.58% 2.79% 3.54% 4.4% 4.06% 4.54% 5.09%
Dividend per Share 2 2.9 3.2 3.3 3.6 3.7 3.845 4.142 4.473
Rate of return 0.76% 1.44% 1.21% 1.67% 2.28% 2.2% 2.37% 2.56%
EPS 2 6.6 7.29 6.65 7.76 6.51 7.388 8.354 9.362
Distribution rate 43.9% 43.9% 49.6% 46.4% 56.8% 52% 49.6% 47.8%
Net sales 1 9,252 10,492 11,240 11,763 11,201 11,439 12,095 12,751
EBITDA 1 1,758 1,964 2,045 2,270 2,065 2,200 2,414 2,627
EBIT 1 1,391 1,580 1,549 1,714 1,493 1,658 1,844 2,045
Net income 1 1,048 1,162 1,062 1,248 1,045 1,182 1,331 1,491
Net Debt 1 2,539 2,052 5,220 5,040 4,734 4,317 3,717 3,056
Reference price 2 380.20 221.70 273.70 215.80 162.60 175.00 175.00 175.00
Nbr of stocks (in thousands) 142,508 153,704 160,415 160,431 160,445 160,439 - -
Announcement Date 2/18/22 2/14/23 2/16/24 2/21/25 2/20/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.06x4.94x20.04x1.07% 76.73B
30.22x4.52x19.49x2.2% 37.4B
24.88x2.96x15.34x2.09% 35.56B
14.15x1.48x8.24x2.95% 31.26B
35.17x6.42x17.02x1.75% 29.2B
14.02x1.36x8.35x2.26% 25.12B
38.36x9.44x28.29x2.26% 23.49B
8.78x2.51x5x2.97% 18.43B
24.4x2.64x10.73x1.85% 17.55B
Average 25.12x 4.03x 14.72x 2.16% 32.75B
Weighted average by Cap. 27.46x 4.19x 16.02x 1.97%

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