View ValuationCham Swiss Properties 향후 성장Future 기준 점검 2/6Cham Swiss Properties 의 수익은 연간 22% 감소할 것으로 예상되는 반면, 연간 수익은 43.2% 로 증가할 것으로 예상됩니다. EPS는 연간 31.2% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 0.8% 로 예상됩니다.핵심 정보-22.0%이익 성장률-31.17%EPS 성장률Real Estate 이익 성장-6.7%매출 성장률43.2%향후 자기자본이익률0.80%애널리스트 커버리지Low마지막 업데이트14 Jul 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • Apr 10New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (103% net profit margin).공고 • Apr 01Cham Swiss Properties AG, Annual General Meeting, May 04, 2026Cham Swiss Properties AG, Annual General Meeting, May 04, 2026, at 16:30 W. Europe Standard Time.Reported Earnings • Mar 25Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: CHF3.35 (down from CHF228 in FY 2024). Revenue: CHF140.6m (up CHF132.5m from FY 2024). Net income: CHF144.3m (down 14% from FY 2024). Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is expected to fall by 16% p.a. on average during the next 2 years compared to a 2.3% decline forecast for the Real Estate industry in Switzerland.New Risk • Mar 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 64% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results.New Risk • Nov 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 64% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 64% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.공고 • Oct 20Cham Swiss Properties AG Announces Rocket & Tigerli Construction Project: Plans More ApartmentsCham Swiss Properties AG revised the ‘Rocket & Tigerli’ construction project in close coordination with the City of Winterthur. Instead of a hotel, additional apartments will now be created, 30% of which will be in the affordable segment. Cham Swiss Properties expects the building permit to become legally effective in the course of 2026. The ‘Rocket & Tigerli’ ensemble is significant for the City of Winterthur: with around 300 rental apartments – 30% of which are affordable – it will help alleviate the housing shortage. ‘Rocket’ will dominate the Winterthur skyline as a 100-metre-high skyscraper. At the beginning of April 2025, the city of Winterthur granted the building permit for the construction project, subject to some important conditions. These primarily concerned access to the ground-floor spaces and the public use of the top floor. Cham Swiss Properties took the conditions imposed by the authorities as an opportunity to further improve the project. During this interim phase – between the completion of detailed planning and the start of construction – the company has been in constructive dialogue with the relevant authorities of the City of Winterthur. The most significant change to the project is the decision to abandon the planned hotel use in the high-rise building in favour of around 5,000 m² of additional living space – 30% of which will be in the affordable segment. The affordable apartments are designed to be suitable for young people in education or for shared apartments. The decision to forego hotel use also allows Cham Swiss Properties to significantly enhance the ground floor: instead of an almost fully automated hotel check-in, the company now plans publicly accessible retail and gastronomy spaces. The top floor will likewise be upgraded with a panoramic viewing area and an event and hospitality space. As part of the project improvement, Cham Swiss Properties also reviewed the use of materials: ‘Rocket’ was originally planned as a timber hybrid construction, similar to a building that Cham Swiss Properties completed at the beginning of 2025 on its Papieri site in Cham in the canton of Zug. For risk and economic reasons, the company opted for a different construction method, which is just as innovative and sustainable thanks to rapid advances in construction and materials technology. Today, there are CO2 equivalent alternatives to timber hybrid construction available that offer clear advantages in terms of cost-effectiveness, predictability and material availability, especially for high-rise buildings. The sustainability standards for ‘Rocket’ remain unchanged: thanks to optimised statics, efficient use of materials and CO2-reduced concrete, the building will have a particularly low ecological footprint. Certification according to the recognised SNBS Gold standard is still planned. Once the city’s conditions have been fulfilled, Cham Swiss Properties will withdraw the appeal it filed for formal reasons. The real estate company expects the building permit to become legally binding in the course of 2026, with construction scheduled to start in mid-2027. The completion of ‘Rocket & Tigerli’ is planned for 2030.공고 • Oct 11Cham Swiss Properties AG to Report Fiscal Year 2025 Results on Mar 20, 2026Cham Swiss Properties AG announced that they will report fiscal year 2025 results on Mar 20, 2026Board Change • Sep 19No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (5 non-independent directors). Director Chris Caviezel was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.이익 및 매출 성장 예측SWX:CHAM - 애널리스트 향후 추정치 및 과거 재무 데이터 (CHF Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202812782N/AN/A112/31/202710779-16041212/31/20267847-1342212/31/2025221444648N/A9/30/2025181853639N/A6/30/2025132262530N/A3/31/202511197-6-1N/A12/31/20248168-37-32N/A12/31/20237164045N/A12/31/20222744751N/A12/31/2021116-49-38N/A12/31/20201401318N/A12/31/201922700N/A9/30/2019217N/A0N/A6/30/201937N/A0N/A3/31/2019244N/A-1N/A12/31/2018280N/A-2N/A9/30/2018286N/A8N/A6/30/2018292N/A19N/A3/31/2018254N/A24N/A12/31/2017116N/A29N/A9/30/20174814N/A25N/A6/30/20179513N/A21N/A3/31/201714711N/A20N/A12/31/20161989N/A18N/A9/30/20161986N/A13N/A6/30/20161974N/A8N/A3/31/20161962N/A6N/A12/31/20151940N/A4N/A9/30/2015197-1N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: CHAM 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -22%).수익 vs 시장: CHAM 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -22%).고성장 수익: CHAM 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: CHAM 의 수익(연간 43.2%)이 Swiss 시장(연간 5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: CHAM 의 수익(연간 43.2%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: CHAM의 자본 수익률은 3년 후 0.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate-management-and-development 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/19 21:45종가2026/07/17 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Cham Swiss Properties AG는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Gerhard SchwarzBaader Helvea Equity ResearchPhilippe ZügerZürcher Kantonalbank
New Risk • Apr 10New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (103% net profit margin).
공고 • Apr 01Cham Swiss Properties AG, Annual General Meeting, May 04, 2026Cham Swiss Properties AG, Annual General Meeting, May 04, 2026, at 16:30 W. Europe Standard Time.
Reported Earnings • Mar 25Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: CHF3.35 (down from CHF228 in FY 2024). Revenue: CHF140.6m (up CHF132.5m from FY 2024). Net income: CHF144.3m (down 14% from FY 2024). Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is expected to fall by 16% p.a. on average during the next 2 years compared to a 2.3% decline forecast for the Real Estate industry in Switzerland.
New Risk • Mar 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 64% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results.
New Risk • Nov 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 64% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 64% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
공고 • Oct 20Cham Swiss Properties AG Announces Rocket & Tigerli Construction Project: Plans More ApartmentsCham Swiss Properties AG revised the ‘Rocket & Tigerli’ construction project in close coordination with the City of Winterthur. Instead of a hotel, additional apartments will now be created, 30% of which will be in the affordable segment. Cham Swiss Properties expects the building permit to become legally effective in the course of 2026. The ‘Rocket & Tigerli’ ensemble is significant for the City of Winterthur: with around 300 rental apartments – 30% of which are affordable – it will help alleviate the housing shortage. ‘Rocket’ will dominate the Winterthur skyline as a 100-metre-high skyscraper. At the beginning of April 2025, the city of Winterthur granted the building permit for the construction project, subject to some important conditions. These primarily concerned access to the ground-floor spaces and the public use of the top floor. Cham Swiss Properties took the conditions imposed by the authorities as an opportunity to further improve the project. During this interim phase – between the completion of detailed planning and the start of construction – the company has been in constructive dialogue with the relevant authorities of the City of Winterthur. The most significant change to the project is the decision to abandon the planned hotel use in the high-rise building in favour of around 5,000 m² of additional living space – 30% of which will be in the affordable segment. The affordable apartments are designed to be suitable for young people in education or for shared apartments. The decision to forego hotel use also allows Cham Swiss Properties to significantly enhance the ground floor: instead of an almost fully automated hotel check-in, the company now plans publicly accessible retail and gastronomy spaces. The top floor will likewise be upgraded with a panoramic viewing area and an event and hospitality space. As part of the project improvement, Cham Swiss Properties also reviewed the use of materials: ‘Rocket’ was originally planned as a timber hybrid construction, similar to a building that Cham Swiss Properties completed at the beginning of 2025 on its Papieri site in Cham in the canton of Zug. For risk and economic reasons, the company opted for a different construction method, which is just as innovative and sustainable thanks to rapid advances in construction and materials technology. Today, there are CO2 equivalent alternatives to timber hybrid construction available that offer clear advantages in terms of cost-effectiveness, predictability and material availability, especially for high-rise buildings. The sustainability standards for ‘Rocket’ remain unchanged: thanks to optimised statics, efficient use of materials and CO2-reduced concrete, the building will have a particularly low ecological footprint. Certification according to the recognised SNBS Gold standard is still planned. Once the city’s conditions have been fulfilled, Cham Swiss Properties will withdraw the appeal it filed for formal reasons. The real estate company expects the building permit to become legally binding in the course of 2026, with construction scheduled to start in mid-2027. The completion of ‘Rocket & Tigerli’ is planned for 2030.
공고 • Oct 11Cham Swiss Properties AG to Report Fiscal Year 2025 Results on Mar 20, 2026Cham Swiss Properties AG announced that they will report fiscal year 2025 results on Mar 20, 2026
Board Change • Sep 19No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (5 non-independent directors). Director Chris Caviezel was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.