Market Closed -
Swiss Exchange
16:30:02 17/05/2024 BST
|
5-day change
|
1st Jan Change
|
562.2
CHF
|
-0.95%
|
|
+1.37%
|
+4.42%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
19,576
|
19,817
|
26,410
|
15,038
|
18,075
|
18,694
|
-
|
-
|
Enterprise Value (EV)
1 |
19,985
|
20,127
|
26,683
|
15,862
|
19,039
|
19,623
|
19,546
|
19,415
|
P/E ratio
|
30.3
x
|
30.9
x
|
34.9
x
|
21.3
x
|
29.4
x
|
32.1
x
|
30.2
x
|
28.4
x
|
Yield
|
2.08%
|
2.06%
|
1.68%
|
2.89%
|
2.36%
|
2.23%
|
2.31%
|
2.39%
|
Capitalization / Revenue
|
6.35
x
|
6.64
x
|
7.63
x
|
4.43
x
|
5.86
x
|
6.13
x
|
5.91
x
|
5.67
x
|
EV / Revenue
|
6.48
x
|
6.74
x
|
7.71
x
|
4.68
x
|
6.17
x
|
6.43
x
|
6.17
x
|
5.89
x
|
EV / EBITDA
|
22.1
x
|
21.8
x
|
25
x
|
17.5
x
|
20.7
x
|
22
x
|
21
x
|
19.8
x
|
EV / FCF
|
29.8
x
|
26.7
x
|
33
x
|
28.2
x
|
30.4
x
|
31.4
x
|
31.7
x
|
28.7
x
|
FCF Yield
|
3.35%
|
3.74%
|
3.03%
|
3.54%
|
3.28%
|
3.18%
|
3.15%
|
3.49%
|
Price to Book
|
10.3
x
|
10.3
x
|
13.2
x
|
10
x
|
13.7
x
|
13.4
x
|
12
x
|
11
x
|
Nbr of stocks (in thousands)
|
36,039
|
35,757
|
35,440
|
34,531
|
33,534
|
33,299
|
-
|
-
|
Reference price
2 |
543.2
|
554.2
|
745.2
|
435.5
|
539.0
|
561.4
|
561.4
|
561.4
|
Announcement Date
|
10/03/20
|
10/03/21
|
09/03/22
|
08/03/23
|
13/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,083
|
2,986
|
3,460
|
3,392
|
3,084
|
3,051
|
3,166
|
3,297
|
EBITDA
1 |
903.9
|
925.3
|
1,069
|
908.6
|
920.9
|
892.8
|
932.1
|
979.9
|
EBIT
1 |
757
|
772
|
901.6
|
755
|
768.5
|
744.8
|
777.7
|
822.1
|
Operating Margin
|
24.55%
|
25.85%
|
26.05%
|
22.26%
|
24.92%
|
24.41%
|
24.57%
|
24.93%
|
Earnings before Tax (EBT)
1 |
742.8
|
754.3
|
888.3
|
740.9
|
741.8
|
708.5
|
749.7
|
790.9
|
Net income
1 |
646.9
|
642
|
755.7
|
706.3
|
617
|
590.3
|
624.3
|
661.9
|
Net margin
|
20.98%
|
21.5%
|
21.84%
|
20.82%
|
20.01%
|
19.35%
|
19.72%
|
20.07%
|
EPS
2 |
17.93
|
17.95
|
21.34
|
20.48
|
18.35
|
17.52
|
18.61
|
19.77
|
Free Cash Flow
1 |
670.4
|
753.2
|
808.9
|
561.6
|
625.3
|
624.3
|
616.6
|
677
|
FCF margin
|
21.75%
|
25.22%
|
23.38%
|
16.56%
|
20.28%
|
20.47%
|
19.48%
|
20.53%
|
FCF Conversion (EBITDA)
|
74.17%
|
81.4%
|
75.65%
|
61.81%
|
67.9%
|
69.93%
|
66.15%
|
69.09%
|
FCF Conversion (Net income)
|
103.63%
|
117.32%
|
107.04%
|
79.51%
|
101.35%
|
105.77%
|
98.77%
|
102.28%
|
Dividend per Share
2 |
11.30
|
11.40
|
12.50
|
12.60
|
12.70
|
12.54
|
12.95
|
13.42
|
Announcement Date
|
10/03/20
|
10/03/21
|
09/03/22
|
08/03/23
|
13/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
1,456
|
1,468
|
1,359
|
1,833
|
854.8
|
772.4
|
1,627
|
980.3
|
953.8
|
1,934
|
790.7
|
667.1
|
1,458
|
892.7
|
769.1
|
1,662
|
727.9
|
694.2
|
837
|
814.8
|
1,652
|
747
|
679.1
|
EBITDA
1 |
-
|
462
|
-
|
626
|
267.9
|
175.3
|
443.3
|
303.3
|
257.5
|
560.8
|
206
|
141.8
|
347.8
|
295.6
|
230.5
|
526
|
222.6
|
172.2
|
275
|
248.1
|
523
|
231
|
175.6
|
EBIT
1 |
-
|
386
|
-
|
546
|
230.7
|
124.5
|
355.2
|
262.7
|
220.2
|
482.9
|
169.8
|
102.3
|
272.1
|
258.9
|
193.7
|
452.6
|
181.4
|
134.5
|
239
|
211.6
|
451
|
193
|
136.9
|
Operating Margin
|
-
|
26.29%
|
-
|
29.79%
|
26.99%
|
16.12%
|
21.83%
|
26.8%
|
23.09%
|
24.97%
|
21.47%
|
15.34%
|
18.67%
|
29%
|
25.19%
|
27.24%
|
24.92%
|
19.37%
|
28.55%
|
25.97%
|
27.3%
|
25.84%
|
20.16%
|
Earnings before Tax (EBT)
1 |
-
|
375.3
|
379
|
542.4
|
228
|
117.9
|
345.9
|
261
|
216.2
|
477.2
|
165.3
|
98.4
|
263.7
|
253.8
|
185.3
|
439.1
|
-
|
-
|
205
|
206.5
|
441.5
|
187.5
|
129.4
|
Net income
1 |
-
|
315
|
-
|
460
|
193.7
|
102.4
|
296.1
|
220.1
|
182
|
402.1
|
139.2
|
165
|
304.2
|
215
|
153.5
|
368.5
|
147.8
|
-
|
190
|
167.1
|
357.5
|
150.5
|
106.3
|
Net margin
|
-
|
21.46%
|
-
|
25.1%
|
22.66%
|
13.26%
|
18.2%
|
22.45%
|
19.08%
|
20.79%
|
17.6%
|
24.73%
|
20.87%
|
24.08%
|
19.96%
|
22.17%
|
20.3%
|
-
|
22.7%
|
20.51%
|
21.64%
|
20.15%
|
15.65%
|
EPS
2 |
-
|
-
|
-
|
-
|
5.430
|
2.930
|
-
|
6.250
|
5.240
|
11.52
|
4.040
|
4.860
|
-
|
6.340
|
4.550
|
-
|
4.420
|
3.040
|
5.730
|
4.350
|
-
|
4.500
|
2.530
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
10/03/20
|
18/08/20
|
10/03/21
|
19/08/21
|
03/11/21
|
09/03/22
|
09/03/22
|
04/05/22
|
18/08/22
|
18/08/22
|
03/11/22
|
08/03/23
|
08/03/23
|
02/05/23
|
17/08/23
|
17/08/23
|
02/11/23
|
13/03/24
|
07/05/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
409
|
310
|
273
|
824
|
965
|
929
|
852
|
721
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.4523
x
|
0.3352
x
|
0.2552
x
|
0.9068
x
|
1.047
x
|
1.04
x
|
0.9141
x
|
0.7356
x
|
Free Cash Flow
1 |
670
|
753
|
809
|
562
|
625
|
624
|
617
|
677
|
ROE (net income / shareholders' equity)
|
35.5%
|
33.6%
|
38.7%
|
40.5%
|
43.8%
|
44.7%
|
43.2%
|
41%
|
ROA (Net income/ Total Assets)
|
17.9%
|
17.2%
|
20.1%
|
19.6%
|
17.7%
|
17.8%
|
16.9%
|
16.6%
|
Assets
1 |
3,614
|
3,736
|
3,762
|
3,601
|
3,493
|
3,316
|
3,694
|
3,989
|
Book Value Per Share
2 |
52.70
|
53.70
|
56.50
|
43.40
|
39.30
|
41.80
|
46.70
|
51.10
|
Cash Flow per Share
2 |
23.10
|
25.00
|
28.00
|
21.30
|
25.60
|
22.90
|
24.20
|
25.60
|
Capex
1 |
164
|
147
|
169
|
155
|
197
|
181
|
176
|
179
|
Capex / Sales
|
5.31%
|
4.92%
|
4.9%
|
4.57%
|
6.39%
|
5.92%
|
5.56%
|
5.43%
|
Announcement Date
|
10/03/20
|
10/03/21
|
09/03/22
|
08/03/23
|
13/03/24
|
-
|
-
|
-
|
Mean consensus UNDERPERFORM Last Close Price
561.4
CHF Average target price
467.3
CHF Spread / Average Target -16.77% Consensus |
1st Jan change
|
Capi.
|
---|
| +23.81% | 13.38B | | +20.73% | 7.31B | | +30.06% | 4B | | +25.00% | 2.97B | | +13.09% | 2.69B | | +40.05% | 2.19B | | +5.39% | 1.64B | | -9.98% | 874M | | -9.25% | 838M |
Plumbing Fixtures & Fittings
|