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 29,681 - -
Change - -37.11% 28.85% -21.15% -24.65% 13.77% - -
Enterprise Value (EV) 1 56,720 36,128 49,125 39,661 30,823 34,005 33,404 32,748
Change - -36.3% 35.97% -19.27% -22.28% 10.32% -1.77% -1.96%
P/E 57.6x 30.4x 41.2x 27.8x 25x 25.1x 22.1x 19.9x
PBR 12.4x 6.86x 7.2x 4.92x 3.92x 4.01x 3.65x 3.34x
PEG - 2.9x -4.69x 1.7x -1.6x 1.9x 1.6x 1.8x
Capitalization / Revenue 5.86x 3.25x 3.91x 2.94x 2.33x 2.6x 2.46x 2.33x
EV / Revenue 6.13x 3.44x 4.37x 3.37x 2.75x 2.98x 2.77x 2.57x
EV / EBITDA 32.3x 18.4x 24x 17.5x 14.9x 15.5x 13.8x 12.5x
EV / EBIT 40.8x 22.9x 31.7x 23.1x 20.6x 20.5x 18.1x 16.1x
EV / FCF 62.4x 38.8x 35.8x 28.3x 22.7x 25.6x 23x 20.8x
FCF Yield 1.6% 2.58% 2.79% 3.54% 4.4% 3.9% 4.35% 4.82%
Dividend per Share 2 2.9 3.2 3.3 3.6 3.7 3.843 4.137 4.462
Rate of return 0.76% 1.44% 1.21% 1.67% 2.28% 2.08% 2.24% 2.41%
EPS 2 6.6 7.29 6.65 7.76 6.51 7.38 8.374 9.304
Distribution rate 43.9% 43.9% 49.6% 46.4% 56.8% 52.1% 49.4% 48%
Net sales 1 9,252 10,492 11,240 11,763 11,201 11,413 12,066 12,719
EBITDA 1 1,758 1,964 2,045 2,270 2,065 2,201 2,415 2,618
EBIT 1 1,391 1,580 1,549 1,714 1,493 1,656 1,845 2,036
Net income 1 1,048 1,162 1,062 1,248 1,045 1,181 1,334 1,485
Net Debt 1 2,539 2,052 5,220 5,040 4,734 4,323 3,723 3,067
Reference price 2 380.20 221.70 273.70 215.80 162.60 185.00 185.00 185.00
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.($)
36.39x4.98x20.19x1.06% 77.42B
25.07x2.98x15.45x2.08% 36.38B
28.47x4.3x18.58x2.34% 35.8B
13.65x1.33x8.16x2.32% 25.11B
37.04x9.09x26.96x2.32% 22.82B
9.61x2.64x5.21x2.84% 19.96B
23.84x2.58x10.5x1.9% 17.15B
11.78x2.38x5.37x1.38% 13.87B
14.66x1.6x6.3x2.05% 13.86B
Average 22.28x 3.54x 12.97x 2.03% 29.15B
Weighted average by Cap. 26.32x 3.97x 15.46x 1.87%

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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