Company Valuation: Ascom Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 423.3 266.8 295.2 149.4 137.2 206 - -
Change - -36.96% 10.61% -49.38% -8.17% 50.13% - -
Enterprise Value (EV) 1 393.8 256.4 275.9 135.9 107.6 172.4 162.6 153.6
Change - -34.87% 7.57% -50.73% -20.82% 60.19% -5.69% -5.5%
P/E 31.8x 24.8x 17.1x 41.6x 9.1x 14.9x 13x 12.2x
PBR 5.3x 3.64x 3.75x 2.01x 1.63x 2.48x 2.23x 2.07x
PEG - -1.3x 0.3x -0.5x 0x -3.93x 0.9x 1.86x
Capitalization / Revenue 1.45x 0.9x 0.99x 0.52x 0.47x 0.69x 0.67x 0.66x
EV / Revenue 1.35x 0.86x 0.93x 0.47x 0.37x 0.58x 0.53x 0.49x
EV / EBITDA 13.7x 10.7x 9.17x 6.38x 3.14x 5.1x 4.57x 4.15x
EV / EBIT 24.9x 18.3x 13.7x 17.9x 5.3x 8.29x 7.29x 6.58x
EV / FCF -3,938x -80.1x 16.9x 30.2x 5.01x 12.9x 10.1x 8.3x
FCF Yield -0.03% -1.25% 5.91% 3.31% 20% 7.77% 9.9% 12%
Dividend per Share 2 0.2 0.2 0.3 0.1 0.1 0.1833 0.25 0.3
Rate of return 1.7% 2.69% 3.65% 2.4% 2.62% 3.04% 4.15% 4.98%
EPS 2 0.37 0.3 0.48 0.1 0.42 0.4041 0.4631 0.4935
Distribution rate 54.1% 66.7% 62.5% 100% 23.8% 45.4% 54% 60.8%
Net sales 1 291.5 297.4 297.3 286.7 292.1 298.8 306.5 313.6
EBITDA 1 28.7 23.9 30.1 21.3 34.3 33.81 35.61 37.06
EBIT 1 15.8 14 20.2 7.6 20.3 20.78 22.29 23.36
Net income 1 13.5 11 17.4 3.7 15.1 14.24 16.26 17.28
Net Debt 1 -29.5 -10.4 -19.3 -13.5 -29.6 -33.61 -43.42 -52.36
Reference price 2 11.760 7.430 8.220 4.160 3.820 6.030 6.030 6.030
Nbr of stocks (in thousands) 35,993 35,915 35,909 35,917 35,919 34,161 - -
Announcement Date 09/03/22 08/03/23 05/03/24 12/03/25 09/03/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.92x0.58x5.1x3.04% 255M
34.37x7.2x18.59x1.48% 441B
50.97x17.34x36.3x-.--% 216B
42.37x13.02x32.75x0.25% 193B
20.74x0.86x15.05x2.17% 186B
30.7x5.83x17.07x1.17% 67.59B
38.89x2.48x16.08x1.54% 62.77B
152.25x19.6x57.55x-.--% 58.51B
80.4x9.36x43.23x-.--% 59.23B
25.5x5.51x19.07x1.71% 46.62B
Average 49.11x 8.18x 26.08x 1.14% 133.11B
Weighted average by Cap. 43.26x 9.09x 25.65x 1.02%

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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