Company Valuation: SGS SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,837 16,107 13,370 16,937 17,587 19,037 - -
Change - -29.47% -16.99% 26.68% 3.84% 8.24% - -
Enterprise Value (EV) 1 24,528 18,930 16,209 19,607 20,153 22,050 21,551 21,417
Change - -22.82% -14.38% 20.97% 2.78% 9.41% -2.26% -0.62%
P/E 37.3x 27.3x 24.3x 29.4x 26.3x 26.1x 23.4x 21.7x
PBR 20.4x 23.5x 29.1x 21.4x 19.5x 14.1x 10.9x 8.95x
PEG - -7.16x -4.88x 8.79x 2.2x 3.96x 2x 2.85x
Capitalization / Revenue 3.57x 2.43x 2.02x 2.49x 2.53x 2.5x 2.36x 2.24x
EV / Revenue 3.83x 2.85x 2.45x 2.89x 2.9x 2.89x 2.68x 2.52x
EV / EBITDA 16.2x 12.7x 11.4x 13.3x 13.1x 13x 11.9x 11.1x
EV / EBIT 23.2x 18.5x 16.7x 18.9x 18.2x 18.1x 16.3x 15x
EV / FCF 38.6x 37.3x 25.5x 26.2x 24x 26.1x 22.2x 20.8x
FCF Yield 2.59% 2.68% 3.92% 3.81% 4.17% 3.83% 4.51% 4.81%
Dividend per Share 2 3.2 3.2 3.2 3.2 3.2 3.188 3.264 3.362
Rate of return 2.63% 3.72% 4.41% 3.52% 3.52% 3.31% 3.39% 3.49%
EPS 2 3.272 3.147 2.99 3.09 3.46 3.688 4.125 4.44
Distribution rate 97.8% 102% 107% 104% 92.5% 86.4% 79.1% 75.7%
Net sales 1 6,405 6,642 6,622 6,794 6,945 7,618 8,050 8,514
EBITDA 1 1,515 1,489 1,424 1,478 1,539 1,702 1,811 1,925
EBIT 1 1,055 1,023 971 1,040 1,108 1,219 1,323 1,424
Net income 1 613 588 553 581 668 724.8 826.9 898.9
Net Debt 1 1,691 2,823 2,839 2,670 2,566 3,013 2,514 2,381
Reference price 2 121.88 86.00 72.54 90.88 90.86 96.34 96.34 96.34
Nbr of stocks (in thousands) 187,376 187,292 184,309 186,371 193,566 197,600 - -
Announcement Date 27/01/22 26/01/23 26/01/24 11/02/25 11/02/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.12x2.89x12.96x3.31% 23.29B
19x2.73x11.18x1.37% 3.31B
12.56x - - 2.61% 2.1B
-32.92x1.25x8.04x-.--% 1.61B
20.44x - - 2.5% 1.47B
Average 9.04x 2.29x 10.73x 1.96% 6.36B
Weighted average by Cap. 21.23x 2.78x 12.47x 2.86%

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