Financials Roche Holding AG

Equities

Market Closed - Swiss Exchange Other stock markets 16:31:16 15/07/2025 BST			5-day change	1st Jan Change
255.00 ^CHF	-1.05%		-0.82%	-0.20%

07-14	OraSure Technologies received takeover bid from industry entrepreneur, sources say	RE
07-14	ROCHE HOLDINGS AG : JP Morgan remains a Sell rating	ZD

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	58,323	62,801	63,281	58,716	60,495	62,632	65,049	67,064
Change	-	7.68%	0.76%	-7.21%	3.03%	3.53%	3.86%	3.1%
EBITDA ¹	24,281	24,692	25,015	21,976	23,538	25,491	26,356	27,469
Change	-	1.69%	1.31%	-12.15%	7.11%	8.3%	3.39%	4.22%
EBIT ¹	21,536	21,897	22,173	19,240	20,823	22,228	23,081	24,238
Change	-	1.68%	1.26%	-13.23%	8.23%	6.75%	3.84%	5.01%
Interest Paid ¹	-578	-757	-1,214	-1,300	-1,610	-1,260	-1,212	-1,146
Earnings before Tax (EBT) ¹	17,965	17,398	16,327	14,079	11,793	19,176	20,671	22,152
Change	-	-3.16%	-6.16%	-13.77%	-16.24%	62.6%	7.8%	7.16%
Net income ¹	14,295	13,930	12,421	11,498	8,277	13,614	14,691	15,870
Change	-	-2.55%	-10.83%	-7.43%	-28.01%	64.47%	7.91%	8.03%
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	30/01/25	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	15,143	14,138	14,698	14,344	14,930	15,783	15,971	16,117	16,445	15,850	14,742	16,244	15,322	14,457	14,274	14,663	14,399	15,449	15,136	15,511	15,440	15,010	15,325	15,675	15,205	15,685	15,890	16,070
Change	-	-6.64%	3.96%	-2.41%	4.09%	5.71%	1.19%	0.91%	2.04%	-3.62%	-6.99%	10.19%	-5.68%	-5.65%	-1.27%	2.73%	-1.8%	7.29%	-2.03%	2.48%	-0.46%	-2.78%	2.1%	2.28%	-3%	3.16%	1.31%	1.13%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	22/04/20	23/07/20	15/10/20	04/02/21	21/04/21	22/07/21	20/10/21	03/02/22	25/04/22	21/07/22	18/10/22	02/02/23	27/04/23	27/07/23	01/11/23	01/02/24	25/04/24	25/07/24	30/10/24	30/01/25	24/04/25	-	-	-	-	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	29,042	30,713	32,088	32,295	30,986	29,779	28,937	29,848	30,647	30,657	31,032	30,890	31,960
Change	-	5.75%	4.48%	0.65%	-4.05%	-3.9%	-2.83%	3.15%	2.68%	0.03%	1.22%	-0.46%	3.46%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	9,770	11,652	10,245	12,668	9,505	10,911	8,329	11,293	9,530	11,699	9,829	-	-
Change	-	19.26%	-12.08%	23.65%	-24.97%	14.79%	-23.66%	35.59%	-15.61%	22.76%	-15.99%	-	-
Charge d'intérêts	-121	-190	-567	-304	-656	-490	-710	-708	-	-	-	-	-
Earnings before Tax (EBT)	7,784	9,887	7,511	10,985	5,342	9,174	4,905	8,223	3,570	-	-	-	-
Change	-	27.02%	-24.03%	46.25%	-51.37%	71.73%	-46.53%	67.65%	-56.59%	-	-	-	-
Net income	6,216	7,803	6,127	8,530	3,891	7,137	4,361	6,258	2,019	-	-	-	-
Change	-	25.53%	-21.48%	39.22%	-54.38%	83.42%	-38.9%	43.5%	-67.74%	-	-	-	-
Announcement Date	04/02/21	22/07/21	03/02/22	21/07/22	02/02/23	27/07/23	01/02/24	25/07/24	30/01/25	-	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,882	18,167	15,584	18,699	17,337	12,186	6,986	1,085
Change	-	865.3%	-14.22%	19.99%	-7.28%	-29.71%	-42.67%	-84.47%
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	30/01/25	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	3,528	3,693	3,449	3,742	3,529	3,932	4,074	4,195
Change	-	4.68%	-6.61%	8.5%	-5.69%	11.41%	3.63%	2.97%
Free Cash Flow (FCF) ¹	10,943	15,691	13,041	11,288	15,336	15,006	16,172	16,852
Change	-	43.39%	-16.89%	-13.44%	35.86%	-2.15%	7.77%	4.2%
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	30/01/25	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	41.63%	39.32%	39.53%	37.43%	38.91%	40.7%	40.52%	40.96%
EBIT Margin (%)	36.93%	34.87%	35.04%	32.77%	34.42%	35.49%	35.48%	36.14%
EBT Margin (%)	30.8%	27.7%	25.8%	23.98%	19.49%	30.62%	31.78%	33.03%
Net margin (%)	24.51%	22.18%	19.63%	19.58%	13.68%	21.74%	22.58%	23.66%
FCF margin (%)	18.76%	24.99%	20.61%	19.22%	25.35%	23.96%	24.86%	25.13%
FCF / Net Income (%)	76.55%	112.64%	104.99%	98.17%	185.28%	110.23%	110.08%	106.18%
Profitability
ROA	19.59%	19.09%	18.18%	16.71%	15.69%	13.61%	13.71%	13.49%
ROE	47.99%	56.02%	62.5%	45.73%	43.45%	43.89%	39.02%	35.57%
Financial Health
Leverage (Debt/EBITDA)	0.08x	0.74x	0.62x	0.85x	0.74x	0.48x	0.27x	0.04x
Debt / Free cash flow	0.17x	1.16x	1.2x	1.66x	1.13x	0.81x	0.43x	0.06x
Capital Intensity
CAPEX / Current Assets (%)	6.05%	5.88%	5.45%	6.37%	5.83%	6.28%	6.26%	6.26%
CAPEX / EBITDA (%)	14.53%	14.96%	13.79%	17.03%	14.99%	15.42%	15.46%	15.27%
CAPEX / FCF (%)	32.24%	23.54%	26.45%	33.15%	23.01%	26.2%	25.19%	24.9%
Items per share
Cash flow per share ¹	21.46	24.39	22.79	20.02	25.05	24.03	25.79	26.73
Change	-	13.64%	-6.56%	-12.16%	25.16%	-4.08%	7.29%	3.67%
Dividend per Share ¹	9.1	9.3	9.5	9.6	9.7	9.867	10.11	10.39
Change	-	2.2%	2.15%	1.05%	1.04%	1.72%	2.45%	2.82%
Book Value Per Share ¹	42.5	28.81	35.03	41.37	45.09	47.65	56.56	65.59
Change	-	-32.22%	21.58%	18.12%	8.98%	5.68%	18.7%	15.96%
EPS ¹	16.52	16.2	15.37	14.31	10.31	18.14	19.61	21.08
Change	-	-1.94%	-5.12%	-6.9%	-27.95%	75.98%	8.11%	7.5%
Nbr of stocks (in thousands)	854,642	800,952	800,579	798,652	796,789	795,401	795,401	795,401
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	30/01/25	-	-	-