Delayed
Berne S.E.
|
5-day change
|
1st Jan Change
|
- CHF
|
-.--%
|
|
-.--%
|
-.--%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
50,619
|
60,349
|
72,446
|
59,965
|
53,361
|
48,501
|
-
|
-
|
Enterprise Value (EV)
1 |
62,235
|
71,915
|
85,447
|
74,591
|
68,972
|
65,563
|
65,641
|
65,349
|
P/E ratio
|
18.9
x
|
30.3
x
|
24.6
x
|
17.8
x
|
29.5
x
|
22.2
x
|
15.4
x
|
13.8
x
|
Yield
|
1.85%
|
1.58%
|
1.4%
|
2.01%
|
-
|
2.54%
|
2.72%
|
3.03%
|
Capitalization / Revenue
|
4.48
x
|
6.17
x
|
6.5
x
|
4.7
x
|
4.39
x
|
3.91
x
|
3.72
x
|
3.56
x
|
EV / Revenue
|
5.51
x
|
7.35
x
|
7.67
x
|
5.85
x
|
5.67
x
|
5.29
x
|
5.04
x
|
4.79
x
|
EV / EBITDA
|
12.1
x
|
15.5
x
|
15.2
x
|
12.4
x
|
13.1
x
|
11.8
x
|
10.7
x
|
9.87
x
|
EV / FCF
|
33.2
x
|
33.6
x
|
30.7
x
|
32.8
x
|
83.1
x
|
44.3
x
|
26.9
x
|
23.6
x
|
FCF Yield
|
3.01%
|
2.98%
|
3.26%
|
3.05%
|
1.2%
|
2.26%
|
3.72%
|
4.23%
|
Price to Book
|
3.3
x
|
4.12
x
|
5.24
x
|
4.41
x
|
4.21
x
|
3.54
x
|
3.37
x
|
3.28
x
|
Nbr of stocks (in thousands)
|
260,747
|
253,985
|
243,345
|
243,345
|
225,742
|
225,914
|
-
|
-
|
Reference price
2 |
194.1
|
237.6
|
297.7
|
246.4
|
236.4
|
214.7
|
214.7
|
214.7
|
Announcement Date
|
29/01/20
|
27/01/21
|
26/01/22
|
25/01/23
|
26/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,296
|
9,789
|
11,142
|
12,745
|
12,156
|
12,405
|
13,030
|
13,630
|
EBITDA
1 |
5,159
|
4,640
|
5,628
|
6,030
|
5,265
|
5,540
|
6,127
|
6,624
|
EBIT
1 |
4,021
|
3,486
|
4,447
|
4,809
|
3,967
|
4,162
|
4,719
|
5,179
|
Operating Margin
|
35.6%
|
35.61%
|
39.91%
|
37.73%
|
32.63%
|
33.55%
|
36.22%
|
38%
|
Earnings before Tax (EBT)
1 |
3,491
|
2,530
|
3,878
|
4,130
|
2,320
|
2,783
|
3,982
|
4,372
|
Net income
1 |
2,722
|
2,013
|
3,005
|
3,270
|
1,827
|
2,209
|
3,080
|
3,421
|
Net margin
|
24.1%
|
20.56%
|
26.97%
|
25.66%
|
15.03%
|
17.81%
|
23.63%
|
25.1%
|
EPS
2 |
10.25
|
7.840
|
12.11
|
13.88
|
8.020
|
9.653
|
13.92
|
15.61
|
Free Cash Flow
1 |
1,873
|
2,143
|
2,785
|
2,274
|
830
|
1,480
|
2,439
|
2,764
|
FCF margin
|
16.58%
|
21.89%
|
25%
|
17.84%
|
6.83%
|
11.93%
|
18.72%
|
20.28%
|
FCF Conversion (EBITDA)
|
36.31%
|
46.19%
|
49.48%
|
37.71%
|
15.76%
|
26.71%
|
39.82%
|
41.74%
|
FCF Conversion (Net income)
|
68.81%
|
106.46%
|
92.68%
|
69.54%
|
45.43%
|
66.99%
|
79.21%
|
80.81%
|
Dividend per Share
2 |
3.600
|
3.760
|
4.160
|
4.960
|
-
|
5.446
|
5.832
|
6.504
|
Announcement Date
|
29/01/20
|
27/01/21
|
26/01/22
|
25/01/23
|
26/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
2,852
|
2,900
|
3,250
|
3,343
|
3,237
|
3,132
|
2,980
|
2,971
|
3,073
|
3,004
|
3,061
|
3,126
|
3,198
|
3,157
|
3,215
|
EBITDA
1 |
1,427
|
1,387
|
1,575
|
1,578
|
1,490
|
1,419
|
1,313
|
1,245
|
1,288
|
1,241
|
1,375
|
1,441
|
1,477
|
1,425
|
1,536
|
EBIT
1 |
1,129
|
1,100
|
1,271
|
1,272
|
1,181
|
1,098
|
992
|
919
|
958
|
904
|
1,025
|
1,090
|
1,126
|
1,070
|
1,164
|
Operating Margin
|
39.59%
|
37.93%
|
39.11%
|
38.05%
|
36.48%
|
35.06%
|
33.29%
|
30.93%
|
31.17%
|
30.09%
|
33.49%
|
34.87%
|
35.22%
|
33.89%
|
36.21%
|
Earnings before Tax (EBT)
1 |
985
|
912
|
1,087
|
1,093
|
1,038
|
592
|
463
|
614
|
651
|
-
|
859.9
|
929.3
|
945.6
|
891.1
|
978.9
|
Net income
1 |
760
|
703
|
819
|
958
|
790
|
466
|
356
|
478
|
527
|
53
|
660
|
710.3
|
727.9
|
690.1
|
762.6
|
Net margin
|
26.65%
|
24.24%
|
25.2%
|
28.66%
|
24.41%
|
14.88%
|
11.95%
|
16.09%
|
17.15%
|
1.76%
|
21.56%
|
22.73%
|
22.76%
|
21.86%
|
23.72%
|
EPS
2 |
3.120
|
2.930
|
3.450
|
4.100
|
3.420
|
2.040
|
1.560
|
2.100
|
2.320
|
0.2300
|
2.920
|
3.156
|
3.276
|
3.055
|
3.407
|
Dividend per Share
2 |
1.090
|
1.240
|
1.240
|
1.240
|
1.240
|
1.350
|
1.350
|
-
|
-
|
1.350
|
1.353
|
1.385
|
1.385
|
1.645
|
1.645
|
Announcement Date
|
26/01/22
|
27/04/22
|
27/07/22
|
26/10/22
|
25/01/23
|
26/04/23
|
27/07/23
|
25/10/23
|
26/01/24
|
24/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
11,616
|
11,566
|
13,001
|
14,626
|
15,611
|
17,062
|
17,139
|
16,848
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.252
x
|
2.493
x
|
2.31
x
|
2.426
x
|
2.965
x
|
3.079
x
|
2.797
x
|
2.543
x
|
Free Cash Flow
1 |
1,873
|
2,143
|
2,785
|
2,274
|
830
|
1,480
|
2,439
|
2,764
|
ROE (net income / shareholders' equity)
|
17.8%
|
15.8%
|
21.1%
|
24.8%
|
20.9%
|
19.9%
|
22.6%
|
25.7%
|
ROA (Net income/ Total Assets)
|
7.34%
|
6.26%
|
7.86%
|
8.45%
|
6.63%
|
5.89%
|
7.04%
|
7.6%
|
Assets
1 |
37,079
|
32,159
|
38,228
|
38,689
|
27,558
|
37,527
|
43,729
|
45,012
|
Book Value Per Share
2 |
58.90
|
57.60
|
56.80
|
55.80
|
56.20
|
60.70
|
63.60
|
65.50
|
Cash Flow per Share
2 |
14.70
|
14.20
|
17.20
|
17.90
|
14.00
|
17.80
|
19.30
|
22.70
|
Capex
1 |
2,019
|
1,494
|
1,470
|
1,948
|
2,349
|
3,380
|
2,180
|
2,207
|
Capex / Sales
|
17.87%
|
15.26%
|
13.19%
|
15.28%
|
19.32%
|
27.24%
|
16.73%
|
16.19%
|
Announcement Date
|
29/01/20
|
27/01/21
|
26/01/22
|
25/01/23
|
26/01/24
|
-
|
-
|
-
|
Last Close Price
214.7
USD Average target price
270
USD Spread / Average Target +25.78% Consensus |
1st Jan change
|
Capi.
|
---|
| -7.88% | 138B | | -3.52% | 65.39B | | -0.69% | 17.31B | | -4.03% | 8.77B | | +20.33% | 7.62B | | -10.86% | 1.98B | | +26.22% | 1.85B | | -1.32% | 1.07B | | +121.85% | 878M |
Railway Freight Operators
|