Market Closed -
Swiss Exchange
11:30:44 2024-05-03 am EDT
|
5-day change
|
1st Jan Change
|
508
CHF
|
+3.19%
|
|
+2.11%
|
-5.65%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
19,576
|
19,817
|
26,410
|
15,038
|
18,075
|
16,856
|
-
|
-
|
Enterprise Value (EV)
1 |
19,985
|
20,127
|
26,683
|
15,862
|
19,039
|
17,816
|
17,766
|
17,663
|
P/E ratio
|
30.3
x
|
30.9
x
|
34.9
x
|
21.3
x
|
29.4
x
|
30.1
x
|
27.5
x
|
26.1
x
|
Yield
|
2.08%
|
2.06%
|
1.68%
|
2.89%
|
2.36%
|
2.46%
|
2.56%
|
2.65%
|
Capitalization / Revenue
|
6.35
x
|
6.64
x
|
7.63
x
|
4.43
x
|
5.86
x
|
5.66
x
|
5.38
x
|
5.13
x
|
EV / Revenue
|
6.48
x
|
6.74
x
|
7.71
x
|
4.68
x
|
6.17
x
|
5.98
x
|
5.67
x
|
5.37
x
|
EV / EBITDA
|
22.1
x
|
21.8
x
|
25
x
|
17.5
x
|
20.7
x
|
20.7
x
|
19.2
x
|
18.2
x
|
EV / FCF
|
29.8
x
|
26.7
x
|
33
x
|
28.2
x
|
30.4
x
|
30.3
x
|
28.9
x
|
25.9
x
|
FCF Yield
|
3.35%
|
3.74%
|
3.03%
|
3.54%
|
3.28%
|
3.3%
|
3.46%
|
3.86%
|
Price to Book
|
10.3
x
|
10.3
x
|
13.2
x
|
10
x
|
13.7
x
|
12.1
x
|
11.2
x
|
10.3
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
|
506.2
|
506.2
|
506.2
|
Announcement Date
|
3/10/20
|
3/10/21
|
3/9/22
|
3/8/23
|
3/13/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,083
|
2,986
|
3,460
|
3,392
|
3,084
|
2,978
|
3,136
|
3,289
|
EBITDA
1 |
903.9
|
925.3
|
1,069
|
908.6
|
920.9
|
861.3
|
923.5
|
970.5
|
EBIT
1 |
757
|
772
|
901.6
|
755
|
768.5
|
711.7
|
768.6
|
816.1
|
Operating Margin
|
24.55%
|
25.85%
|
26.05%
|
22.26%
|
24.92%
|
23.89%
|
24.51%
|
24.82%
|
Earnings before Tax (EBT)
1 |
742.8
|
754.3
|
888.3
|
740.9
|
741.8
|
687.6
|
731.3
|
785.5
|
Net income
1 |
646.9
|
642
|
755.7
|
706.3
|
617
|
566.4
|
623.5
|
663.7
|
Net margin
|
20.98%
|
21.5%
|
21.84%
|
20.82%
|
20.01%
|
19.02%
|
19.88%
|
20.18%
|
EPS
2 |
17.93
|
17.95
|
21.34
|
20.48
|
18.35
|
16.80
|
18.41
|
19.43
|
Free Cash Flow
1 |
670.4
|
753.2
|
808.9
|
561.6
|
625.3
|
588.4
|
614.7
|
682.7
|
FCF margin
|
21.75%
|
25.22%
|
23.38%
|
16.56%
|
20.28%
|
19.76%
|
19.6%
|
20.76%
|
FCF Conversion (EBITDA)
|
74.17%
|
81.4%
|
75.65%
|
61.81%
|
67.9%
|
68.31%
|
66.57%
|
70.34%
|
FCF Conversion (Net income)
|
103.63%
|
117.32%
|
107.04%
|
79.51%
|
101.35%
|
103.88%
|
98.59%
|
102.85%
|
Dividend per Share
2 |
11.30
|
11.40
|
12.50
|
12.60
|
12.70
|
12.46
|
12.98
|
13.41
|
Announcement Date
|
3/10/20
|
3/10/21
|
3/9/22
|
3/8/23
|
3/13/24
|
-
|
-
|
-
|
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
|
842.4
|
743.1
|
-
|
713.6
|
684.3
|
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
|
267.9
|
217
|
466
|
225
|
171.8
|
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
|
225.8
|
182.2
|
391.5
|
184.8
|
119.2
|
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%
|
26.8%
|
24.51%
|
-
|
25.9%
|
17.42%
|
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
|
172.8
|
377.8
|
180.8
|
128
|
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
|
-
|
184.6
|
137.8
|
302.8
|
145.8
|
100.7
|
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%
|
-
|
21.91%
|
18.54%
|
-
|
20.43%
|
14.72%
|
EPS
2 |
-
|
-
|
-
|
-
|
5.430
|
2.930
|
-
|
6.250
|
5.240
|
11.52
|
4.040
|
4.860
|
-
|
6.340
|
4.550
|
-
|
4.420
|
3.040
|
5.230
|
4.350
|
-
|
4.500
|
2.530
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/10/20
|
8/18/20
|
3/10/21
|
8/19/21
|
11/3/21
|
3/9/22
|
3/9/22
|
5/4/22
|
8/18/22
|
8/18/22
|
11/3/22
|
3/8/23
|
3/8/23
|
5/2/23
|
8/17/23
|
8/17/23
|
11/2/23
|
3/13/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
409
|
310
|
273
|
824
|
965
|
960
|
910
|
807
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.4523
x
|
0.3352
x
|
0.2552
x
|
0.9068
x
|
1.047
x
|
1.115
x
|
0.9849
x
|
0.8315
x
|
Free Cash Flow
1 |
670
|
753
|
809
|
562
|
625
|
588
|
615
|
683
|
ROE (net income / shareholders' equity)
|
35.5%
|
33.6%
|
38.7%
|
40.5%
|
43.8%
|
43%
|
43.4%
|
42%
|
ROA (Net income/ Total Assets)
|
17.9%
|
17.2%
|
20.1%
|
19.6%
|
17.7%
|
15.7%
|
17.9%
|
18%
|
Assets
1 |
3,614
|
3,736
|
3,762
|
3,601
|
3,493
|
3,617
|
3,483
|
3,679
|
Book Value Per Share
2 |
52.70
|
53.70
|
56.50
|
43.40
|
39.30
|
41.80
|
45.20
|
49.00
|
Cash Flow per Share
2 |
23.10
|
25.00
|
28.00
|
21.30
|
25.60
|
24.30
|
24.30
|
25.70
|
Capex
1 |
164
|
147
|
169
|
155
|
197
|
191
|
174
|
179
|
Capex / Sales
|
5.31%
|
4.92%
|
4.9%
|
4.57%
|
6.39%
|
6.41%
|
5.54%
|
5.43%
|
Announcement Date
|
3/10/20
|
3/10/21
|
3/9/22
|
3/8/23
|
3/13/24
|
-
|
-
|
-
|
Mean consensus UNDERPERFORM Last Close Price
506.2
CHF Average target price
454.2
CHF Spread / Average Target -10.28% Consensus |
1st Jan change
|
Capi.
|
---|
| +17.24% | 12.8B | | +8.49% | 6.67B | | +21.35% | 3.81B | | +21.43% | 2.86B | | +13.09% | 2.6B | | +28.32% | 2.01B | | -10.29% | 1.45B | | -9.25% | 850M | | -1.70% | 841M |
Plumbing Fixtures & Fittings
|