Market Closed -
Swiss Exchange
16:31:30 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
505
CHF
|
-0.30%
|
|
-2.60%
|
-0.20%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
26,554
|
24,715
|
26,657
|
26,243
|
26,212
|
26,160
|
-
|
-
|
Enterprise Value (EV)
1 |
35,339
|
32,921
|
34,363
|
33,617
|
33,283
|
33,157
|
32,955
|
32,701
|
P/E ratio
|
15.9
x
|
16.2
x
|
14.5
x
|
16.4
x
|
15.3
x
|
15.7
x
|
15.9
x
|
15.8
x
|
Yield
|
4.29%
|
4.61%
|
4.28%
|
4.34%
|
4.35%
|
4.36%
|
4.48%
|
4.6%
|
Capitalization / Revenue
|
2.32
x
|
2.23
x
|
2.38
x
|
2.36
x
|
2.37
x
|
2.37
x
|
2.37
x
|
2.37
x
|
EV / Revenue
|
3.09
x
|
2.97
x
|
3.07
x
|
3.03
x
|
3.01
x
|
3
x
|
2.99
x
|
2.96
x
|
EV / EBITDA
|
8.01
x
|
7.51
x
|
7.66
x
|
7.63
x
|
7.2
x
|
7.35
x
|
7.32
x
|
7.25
x
|
EV / FCF
|
26.3
x
|
17.9
x
|
19.5
x
|
24.9
x
|
22.5
x
|
18.8
x
|
19
x
|
20.2
x
|
FCF Yield
|
3.81%
|
5.59%
|
5.12%
|
4.01%
|
4.45%
|
5.31%
|
5.25%
|
4.95%
|
Price to Book
|
2.99
x
|
2.6
x
|
2.47
x
|
2.35
x
|
2.26
x
|
2.11
x
|
2.05
x
|
1.97
x
|
Nbr of stocks (in thousands)
|
51,802
|
51,802
|
51,802
|
51,802
|
51,802
|
51,802
|
-
|
-
|
Reference price
2 |
512.6
|
477.1
|
514.6
|
506.6
|
506.0
|
505.0
|
505.0
|
505.0
|
Announcement Date
|
06/02/20
|
04/02/21
|
03/02/22
|
08/02/23
|
07/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,453
|
11,100
|
11,183
|
11,112
|
11,072
|
11,037
|
11,022
|
11,052
|
EBITDA
1 |
4,414
|
4,382
|
4,484
|
4,406
|
4,622
|
4,510
|
4,501
|
4,510
|
EBIT
1 |
1,966
|
1,947
|
2,066
|
2,040
|
2,205
|
2,187
|
2,172
|
2,179
|
Operating Margin
|
17.17%
|
17.54%
|
18.47%
|
18.36%
|
19.92%
|
19.82%
|
19.71%
|
19.72%
|
Earnings before Tax (EBT)
1 |
1,724
|
1,799
|
2,152
|
1,963
|
2,075
|
2,067
|
2,066
|
2,054
|
Net income
1 |
1,672
|
1,530
|
1,832
|
1,602
|
1,711
|
1,693
|
1,688
|
1,671
|
Net margin
|
14.6%
|
13.78%
|
16.38%
|
14.42%
|
15.45%
|
15.34%
|
15.32%
|
15.12%
|
EPS
2 |
32.28
|
29.54
|
35.37
|
30.93
|
33.03
|
32.17
|
31.80
|
31.91
|
Free Cash Flow
1 |
1,345
|
1,840
|
1,758
|
1,349
|
1,480
|
1,761
|
1,731
|
1,619
|
FCF margin
|
11.74%
|
16.58%
|
15.72%
|
12.14%
|
13.37%
|
15.95%
|
15.71%
|
14.65%
|
FCF Conversion (EBITDA)
|
30.47%
|
41.99%
|
39.21%
|
30.62%
|
32.02%
|
39.04%
|
38.47%
|
35.9%
|
FCF Conversion (Net income)
|
80.44%
|
120.26%
|
95.96%
|
84.21%
|
86.5%
|
103.98%
|
102.54%
|
96.89%
|
Dividend per Share
2 |
22.00
|
22.00
|
22.00
|
22.00
|
22.00
|
22.00
|
22.65
|
23.21
|
Announcement Date
|
06/02/20
|
04/02/21
|
03/02/22
|
08/02/23
|
07/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
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
|
---|
Net sales
1 |
2,760
|
2,840
|
2,768
|
2,803
|
2,731
|
2,810
|
2,747
|
2,703
|
2,752
|
2,870
|
2,737
|
2,698
|
2,751
|
2,862
|
-
|
EBITDA
1 |
1,178
|
1,027
|
1,137
|
1,136
|
1,150
|
1,065
|
1,164
|
1,142
|
1,174
|
1,145
|
1,129
|
1,120
|
1,170
|
1,170
|
-
|
EBIT
1 |
581
|
426
|
549
|
532
|
558
|
483
|
573
|
545
|
599
|
491
|
539.2
|
558
|
565.7
|
520.3
|
-
|
Operating Margin
|
21.05%
|
15%
|
19.83%
|
18.98%
|
20.43%
|
17.19%
|
20.86%
|
20.16%
|
21.77%
|
17.11%
|
19.7%
|
20.68%
|
20.56%
|
18.18%
|
-
|
Earnings before Tax (EBT)
|
526
|
-
|
550
|
-
|
523
|
-
|
543
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
490
|
297
|
447
|
337
|
429
|
389
|
442
|
406
|
463
|
400
|
407.9
|
379.2
|
430.9
|
380.3
|
414
|
Net margin
|
17.75%
|
10.46%
|
16.15%
|
12.02%
|
15.71%
|
13.84%
|
16.09%
|
15.02%
|
16.82%
|
13.94%
|
14.9%
|
14.05%
|
15.66%
|
13.29%
|
-
|
EPS
2 |
9.460
|
5.740
|
8.630
|
6.510
|
8.280
|
7.510
|
8.530
|
7.840
|
8.940
|
7.720
|
7.987
|
7.800
|
8.160
|
7.441
|
7.992
|
Dividend per Share
2 |
-
|
22.00
|
-
|
-
|
-
|
22.00
|
-
|
-
|
-
|
22.00
|
-
|
-
|
-
|
22.00
|
-
|
Announcement Date
|
28/10/21
|
03/02/22
|
28/04/22
|
04/08/22
|
27/10/22
|
08/02/23
|
04/05/23
|
03/08/23
|
02/11/23
|
07/02/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
8,785
|
8,206
|
7,706
|
7,374
|
7,071
|
6,997
|
6,795
|
6,541
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.99
x
|
1.873
x
|
1.719
x
|
1.674
x
|
1.53
x
|
1.551
x
|
1.51
x
|
1.45
x
|
Free Cash Flow
1 |
1,345
|
1,840
|
1,758
|
1,349
|
1,480
|
1,761
|
1,731
|
1,619
|
ROE (net income / shareholders' equity)
|
19.6%
|
16.7%
|
18%
|
14.6%
|
15%
|
14.2%
|
13.4%
|
13%
|
ROA (Net income/ Total Assets)
|
7.14%
|
6.31%
|
7.47%
|
6.48%
|
6.93%
|
6.75%
|
6.49%
|
6.42%
|
Assets
1 |
23,417
|
24,255
|
24,532
|
24,710
|
24,685
|
25,088
|
26,028
|
26,033
|
Book Value Per Share
2 |
171.0
|
183.0
|
209.0
|
216.0
|
224.0
|
240.0
|
246.0
|
257.0
|
Cash Flow per Share
2 |
76.90
|
78.60
|
78.10
|
74.80
|
77.80
|
78.00
|
84.30
|
79.10
|
Capex
1 |
2,438
|
2,229
|
2,286
|
2,309
|
2,292
|
2,301
|
2,305
|
2,305
|
Capex / Sales
|
21.29%
|
20.08%
|
20.44%
|
20.78%
|
20.7%
|
20.84%
|
20.91%
|
20.85%
|
Announcement Date
|
06/02/20
|
04/02/21
|
03/02/22
|
08/02/23
|
07/02/24
|
-
|
-
|
-
|
Average target price
559
CHF Spread / Average Target +10.69% Consensus |