SONOVA HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 257 CHF | +2.11% |
|
+3.63% | -6.34% |
| Feb. 28 | Equita SIM Initiates Coverage on Sonova with Hold Recommendation | MT |
| Jan. 08 | Indices: Wishing you a Happy New Year and, above all, good health! |  |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,863 | 11,231 | 15,781 | 24,153 | 16,147 | 15,324 | - | - |
| Enterprise Value (EV) 1 | 13,116 | 11,894 | 15,864 | 25,161 | 17,643 | 16,584 | 16,536 | 16,441 |
| P/E ratio | 28.2 x | 23 x | 27.2 x | 37.4 x | 25.1 x | 26.9 x | 23.5 x | 20.6 x |
| Yield | 1.47% | 1.66% | 1.28% | 1.14% | 1.71% | 1.74% | 1.83% | 2.05% |
| Capitalization / Revenue | 4.65 x | 3.85 x | 6.07 x | 7.18 x | 4.32 x | 4.17 x | 3.91 x | 3.64 x |
| EV / Revenue | 4.75 x | 4.08 x | 6.1 x | 7.48 x | 4.72 x | 4.51 x | 4.22 x | 3.91 x |
| EV / EBITDA | 19.8 x | 16.7 x | 18.8 x | 25.9 x | 17.9 x | 17.4 x | 15.5 x | 13.9 x |
| EV / FCF | 31.6 x | 21.1 x | 23.5 x | 30.2 x | 28 x | 27.5 x | 22.6 x | 19.9 x |
| FCF Yield | 3.17% | 4.74% | 4.26% | 3.32% | 3.57% | 3.64% | 4.43% | 5.02% |
| Price to Book | 5.19 x | 5.41 x | 5.74 x | 9.82 x | 7.34 x | 6.26 x | 5.87 x | 5.28 x |
| Nbr of stocks (in thousands) | 65,292 | 64,398 | 63,024 | 62,313 | 60,116 | 59,626 | - | - |
| Reference price 2 | 197.0 | 174.4 | 250.4 | 387.6 | 268.6 | 257.0 | 257.0 | 257.0 |
| Announcement Date | 5/21/19 | 5/19/20 | 5/18/21 | 5/17/22 | 5/16/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,763 | 2,917 | 2,602 | 3,364 | 3,738 | 3,674 | 3,922 | 4,207 |
| EBITDA 1 | 663.8 | 710.1 | 842.2 | 971.1 | 986.4 | 953.5 | 1,064 | 1,179 |
| EBIT 1 | 536.2 | 510 | 619.5 | 760 | 746.7 | 715.6 | 815.9 | 905.1 |
| Operating Margin | 19.41% | 17.48% | 23.81% | 22.59% | 19.97% | 19.48% | 20.8% | 21.51% |
| Earnings before Tax (EBT) 1 | 529.6 | 502.4 | 600.4 | 728.2 | 715.6 | 704.6 | 806.4 | 922.3 |
| Net income 1 | 454.1 | 483.2 | 581 | 649 | 647.5 | 567.9 | 648.4 | 733.7 |
| Net margin | 16.43% | 16.56% | 22.33% | 19.29% | 17.32% | 15.46% | 16.53% | 17.44% |
| EPS 2 | 6.980 | 7.570 | 9.190 | 10.35 | 10.72 | 9.550 | 10.92 | 12.49 |
| Free Cash Flow 1 | 415.3 | 563.7 | 675.2 | 834.5 | 629.6 | 603.1 | 733.3 | 825.1 |
| FCF margin | 15.03% | 19.32% | 25.95% | 24.81% | 16.84% | 16.41% | 18.7% | 19.61% |
| FCF Conversion (EBITDA) | 62.56% | 79.38% | 80.17% | 85.93% | 63.83% | 63.24% | 68.93% | 69.96% |
| FCF Conversion (Net income) | 91.46% | 116.66% | 116.21% | 128.58% | 97.24% | 106.19% | 113.09% | 112.45% |
| Dividend per Share 2 | 2.900 | 2.900 | 3.200 | 4.400 | 4.600 | 4.460 | 4.700 | 5.260 |
| Announcement Date | 5/21/19 | 5/19/20 | 5/18/21 | 5/17/22 | 5/16/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Maart | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,426 | 1,491 | 1,070 | 1,532 | 1,604 | 1,760 | 1,847 | 1,892 | 1,753 | 2,926 |
| EBITDA | - | 368.7 | 327.7 | 514.5 | 477 | 494.1 | 482.8 | - | - | - |
| EBIT 1 | 241.2 | 268.8 | 230 | 389.5 | 372.2 | 387.8 | 363.8 | 382.9 | 350 | 892 |
| Operating Margin | 16.91% | 18.03% | 21.5% | 25.42% | 23.21% | 22.03% | 19.7% | 20.24% | 19.97% | 30.49% |
| Earnings before Tax (EBT) 1 | 236 | 266.4 | 219.8 | - | 353 | - | 350.5 | 365.1 | 293.7 | 883 |
| Net income 1 | 355.4 | 127.8 | 204.1 | 376.9 | 294.8 | 354.2 | 291.9 | 355.6 | 249.6 | 771 |
| Net margin | 24.92% | 8.57% | 19.08% | 24.6% | 18.38% | 20.12% | 15.81% | 18.8% | 14.24% | 26.35% |
| EPS 2 | 5.520 | 2.050 | 3.230 | 5.960 | 4.660 | 5.690 | - | 5.940 | 4.110 | 4.900 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/19/19 | 5/19/20 | 11/16/20 | 5/18/21 | 11/15/21 | 5/17/22 | 11/14/22 | 5/16/23 | 11/21/23 | - |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 254 | 663 | 83.3 | 1,008 | 1,496 | 1,260 | 1,212 | 1,117 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3825 x | 0.9337 x | 0.0989 x | 1.038 x | 1.517 x | 1.321 x | 1.14 x | 0.9474 x |
| Free Cash Flow 1 | 415 | 564 | 675 | 835 | 630 | 603 | 733 | 825 |
| ROE (net income / shareholders' equity) | 18.4% | 22.1% | 24.4% | 25.2% | 29.1% | 25.3% | 26.1% | 26.9% |
| ROA (Net income/ Total Assets) | 10.6% | 11% | 11.2% | 11.3% | 12.1% | 11.2% | 12% | 13.2% |
| Assets 1 | 4,297 | 4,389 | 5,206 | 5,757 | 5,357 | 5,084 | 5,390 | 5,572 |
| Book Value Per Share 2 | 38.00 | 32.20 | 43.60 | 39.50 | 36.60 | 41.10 | 43.80 | 48.70 |
| Cash Flow per Share 2 | 8.160 | 13.20 | 12.10 | 15.00 | 13.00 | 13.80 | 15.20 | 17.30 |
| Capex 1 | 118 | 129 | 89.2 | 107 | 154 | 138 | 147 | 155 |
| Capex / Sales | 4.27% | 4.42% | 3.43% | 3.17% | 4.13% | 3.75% | 3.75% | 3.68% |
| Announcement Date | 5/21/19 | 5/19/20 | 5/18/21 | 5/17/22 | 5/16/23 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
257
CHF
Average target price
270.9
CHF
Spread / Average Target
+5.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.34% | 16.75B | |
| +1.84% | 24.07B | |
| +10.34% | 10.18B | |
| -17.75% | 2.06B | |
| +6.38% | 1.79B | |
| +41.47% | 1.73B | |
| +13.26% | 589M | |
| 0.00% | 400M | |
| +27.40% | 135M | |
| +21.80% | 93.49M |
- Stock Market
- Equities
- SOON Stock
- Financials Sonova Holding AG
