Market Closed -
Swiss Exchange
11:31:30 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
360.5
CHF
|
+1.12%
|
|
-4.25%
|
+2.07%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
3,470
|
4,148
|
4,611
|
3,956
|
3,616
|
3,691
|
-
|
-
|
Enterprise Value (EV)
1 |
3,255
|
3,744
|
4,060
|
3,499
|
3,616
|
3,171
|
3,041
|
2,939
|
P/E ratio
|
15.5
x
|
27.6
x
|
17.4
x
|
12
x
|
10.3
x
|
13.7
x
|
13.7
x
|
12.8
x
|
Yield
|
2.35%
|
1.6%
|
2.11%
|
3.36%
|
-
|
3.43%
|
3.54%
|
3.77%
|
Capitalization / Revenue
|
1.12
x
|
1.51
x
|
1.45
x
|
1.1
x
|
1.01
x
|
1.13
x
|
1.12
x
|
1.07
x
|
EV / Revenue
|
1.05
x
|
1.37
x
|
1.28
x
|
0.97
x
|
1.01
x
|
0.97
x
|
0.92
x
|
0.85
x
|
EV / EBITDA
|
8.85
x
|
13
x
|
9.3
x
|
6.85
x
|
7.08
x
|
7.44
x
|
6.98
x
|
6.34
x
|
EV / FCF
|
19.1
x
|
12.1
x
|
15
x
|
50.7
x
|
-
|
11
x
|
10.2
x
|
11.5
x
|
FCF Yield
|
5.25%
|
8.3%
|
6.67%
|
1.97%
|
-
|
9.1%
|
9.81%
|
8.66%
|
Price to Book
|
2.53
x
|
3.02
x
|
3.05
x
|
-
|
-
|
1.91
x
|
1.78
x
|
1.65
x
|
Nbr of stocks (in thousands)
|
10,212
|
10,226
|
10,225
|
10,228
|
10,238
|
10,239
|
-
|
-
|
Reference price
2 |
339.8
|
405.6
|
451.0
|
386.8
|
353.2
|
360.5
|
360.5
|
360.5
|
Announcement Date
|
1/30/20
|
3/3/21
|
3/4/22
|
2/21/23
|
2/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,106
|
2,741
|
3,176
|
3,597
|
3,575
|
3,278
|
3,298
|
3,438
|
EBITDA
1 |
368
|
287
|
436.6
|
511
|
510.4
|
426.2
|
435.9
|
463.2
|
EBIT
1 |
285
|
204
|
351.9
|
425
|
424.4
|
339.5
|
343.2
|
366.3
|
Operating Margin
|
9.18%
|
7.44%
|
11.08%
|
11.82%
|
11.87%
|
10.36%
|
10.41%
|
10.65%
|
Earnings before Tax (EBT)
1 |
281.5
|
200.2
|
351.8
|
422.8
|
436.5
|
349.7
|
346
|
374.6
|
Net income
1 |
228
|
152
|
269.2
|
335
|
352.1
|
276.3
|
272.2
|
289.4
|
Net margin
|
7.34%
|
5.55%
|
8.48%
|
9.31%
|
9.85%
|
8.43%
|
8.25%
|
8.42%
|
EPS
2 |
21.92
|
14.71
|
25.96
|
32.36
|
34.38
|
26.23
|
26.29
|
28.25
|
Free Cash Flow
1 |
170.8
|
310.7
|
270.7
|
69
|
-
|
288.5
|
298.2
|
254.5
|
FCF margin
|
5.5%
|
11.34%
|
8.52%
|
1.92%
|
-
|
8.8%
|
9.04%
|
7.4%
|
FCF Conversion (EBITDA)
|
46.41%
|
108.26%
|
62%
|
13.5%
|
-
|
67.7%
|
68.42%
|
54.95%
|
FCF Conversion (Net income)
|
74.91%
|
204.41%
|
100.56%
|
20.6%
|
-
|
104.43%
|
109.57%
|
87.95%
|
Dividend per Share
2 |
8.000
|
6.500
|
9.500
|
13.00
|
-
|
12.36
|
12.76
|
13.58
|
Announcement Date
|
1/30/20
|
3/3/21
|
3/4/22
|
2/21/23
|
2/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 S1
|
2023 Q3
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
---|
Net sales
1 |
1,445
|
1,357
|
-
|
1,608
|
756.2
|
-
|
-
|
-
|
1,778
|
846.3
|
973
|
1,819
|
1,939
|
793.2
|
851
|
-
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
-
|
94.4
|
-
|
179.3
|
-
|
-
|
-
|
-
|
203
|
-
|
-
|
222
|
246.4
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
6.96%
|
-
|
11.15%
|
-
|
-
|
-
|
-
|
11.42%
|
-
|
-
|
12.2%
|
12.71%
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
91.9
|
-
|
-
|
-
|
-
|
-
|
-
|
199.7
|
-
|
-
|
223.1
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
68.5
|
81.9
|
137
|
-
|
131.2
|
132.2
|
76.55
|
153.1
|
-
|
-
|
181.9
|
198.1
|
-
|
-
|
-
|
-
|
204.4
|
-
|
Net margin
|
-
|
5.05%
|
-
|
8.52%
|
-
|
-
|
-
|
-
|
8.61%
|
-
|
-
|
10%
|
10.22%
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
6.710
|
8.000
|
13.40
|
-
|
6.280
|
12.56
|
7.490
|
14.97
|
-
|
-
|
17.39
|
-
|
-
|
-
|
8.777
|
-
|
19.93
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
6.661
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
13.50
|
-
|
-
|
-
|
Announcement Date
|
1/30/20
|
7/30/20
|
3/3/21
|
7/29/21
|
10/26/21
|
3/4/22
|
3/4/22
|
7/28/22
|
7/28/22
|
10/27/22
|
2/21/23
|
2/21/23
|
7/27/23
|
10/26/23
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
215
|
404
|
551
|
457
|
-
|
520
|
651
|
753
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
171
|
311
|
271
|
69
|
-
|
289
|
298
|
255
|
ROE (net income / shareholders' equity)
|
17%
|
10.9%
|
18.4%
|
-
|
-
|
14.7%
|
13.4%
|
12.9%
|
ROA (Net income/ Total Assets)
|
8.96%
|
6.05%
|
-
|
-
|
-
|
-
|
-
|
-
|
Assets
1 |
2,544
|
2,514
|
-
|
-
|
-
|
-
|
-
|
-
|
Book Value Per Share
2 |
134.0
|
134.0
|
148.0
|
-
|
-
|
188.0
|
202.0
|
218.0
|
Cash Flow per Share
2 |
27.80
|
37.10
|
33.50
|
-
|
-
|
48.20
|
35.80
|
35.90
|
Capex
1 |
114
|
69
|
73.5
|
97
|
-
|
140
|
124
|
123
|
Capex / Sales
|
3.67%
|
2.52%
|
2.31%
|
2.7%
|
-
|
4.26%
|
3.75%
|
3.58%
|
Announcement Date
|
1/30/20
|
3/3/21
|
3/4/22
|
2/21/23
|
2/26/24
|
-
|
-
|
-
|
Last Close Price
360.5
CHF Average target price
411.9
CHF Spread / Average Target +14.25% Consensus |
1st Jan change
|
Capi.
|
---|
| +2.07% | 4.04B | | -1.64% | 109B | | -8.84% | 9.14B | | +10.34% | 4.35B | | +27.11% | 2.79B | | +64.52% | 2.27B | | -10.00% | 1.28B | | +18.94% | 834M | | +102.98% | 603M | | +39.37% | 546M |
Agricultural Machinery
|