View ValuationImplenia 향후 성장Future 기준 점검 3/6Implenia (는) 각각 연간 12.3% 및 5.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 12% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.5% 로 예상됩니다.핵심 정보12.3%이익 성장률12.01%EPS 성장률Construction 이익 성장7.8%매출 성장률5.9%향후 자기자본이익률12.53%애널리스트 커버리지Good마지막 업데이트05 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 21Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Marie-Noelle Venturi-Zen-Ruffinen was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 08Implenia AG to Report Fiscal Year 2026 Final Results on Mar 03, 2027Implenia AG announced that they will report fiscal year 2026 final results on Mar 03, 2027공시 • Mar 10Implenia AG, Annual General Meeting, Mar 31, 2026Implenia AG, Annual General Meeting, Mar 31, 2026, at 10:30 W. Europe Standard Time.공시 • Mar 05Implenia AG to Report First Half, 2026 Results on Aug 19, 2026Implenia AG announced that they will report first half, 2026 results on Aug 19, 2026공시 • Apr 01Implenia AG to Report Fiscal Year 2025 Results on Mar 04, 2026Implenia AG announced that they will report fiscal year 2025 results on Mar 04, 2026공시 • Mar 27Implenia Ag Appoints Marie-Noëlle Zen-Ruffinen as Board Member and Member of the Nomination and Compensation CommitteeImplenia AG at its AGM held on 25 March 2025, approved election of Marie-Noëlle Zen-Ruffinen as a new Board Member and as member of the Nomination and Compensation Committee. Marie-Noëlle Zen-Ruffinen is a lawyer and titular professor at the University of Geneva’s School of Economics and Management. Since 2016, she has held various board positions, including with the Baloise Group and Banco Santander International SA. She has a master’s degree and a PhD in law, as well as a master’s degree in philosophy from the University of Fribourg.공시 • Jan 16Implenia AG Announces Not Standing for Re-Election of Martin Fischer as Member of the Board of DirectorsImplenia AG announced Martin Fischer, member of the board of directors, will not be standing for re-election at the Annual General Meeting on 25 March 2025. He has been a Member of the Board of Directors and of its Nomination and Compensation Committee since 2018.공시 • Dec 18Implenia AG to Report First Half, 2025 Results on Aug 20, 2025Implenia AG announced that they will report first half, 2025 results on Aug 20, 2025공시 • Aug 21+ 1 more updateImplenia AG Announces CEO ChangesImplenia AG announced that it will see a change in leadership in spring 2025. André Wyss, CEO of Implenia since October 2018, will resign at the end of March 2025. The Board of Directors has appointed Jens Vollmar, the current Head Division Buildings, to succeed André Wyss as CEO on 1 April 2025. Jens Vollmar has been at Implenia since 2013. He headed the then Business Unit Buildings from 2015 and Division Buildings from 2019 as a member of the Implenia Executive Committee. He also leads the Country Executive Committee Switzerland as Country President. Before joining Implenia, and after completing his education with a doctorate at the University of St. Gallen (HSG), Jens Vollmar worked there as a Senior Consultant. He still lectures in corporate transactions as well as construction and real estate management at the HSG, is a member of the board of directors of Bauenschweiz and vice president of the board of the association Entwicklung Schweiz.공시 • Apr 05BURU Holding AG acquired 13.7% stake in Implenia AG (SWX:IMPN) from Max Roessler.BURU Holding AG acquired 13.7% stake in Implenia AG (SWX:IMPN) from Max Roessler on April 5, 2024. BURU Holding AG completed the acquisition of 13.7% stake in Implenia AG (SWX:IMPN) from Max Roessler on April 5, 2024.공시 • Apr 03Implenia AG, Annual General Meeting, Mar 25, 2025Implenia AG, Annual General Meeting, Mar 25, 2025.공시 • Mar 27Implenia AG to Report Fiscal Year 2024 Results on Feb 26, 2025Implenia AG announced that they will report fiscal year 2024 results on Feb 26, 2025Upcoming Dividend • Mar 21Upcoming dividend of CHF0.60 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 April 2024. Payout ratio is a comfortable 7.8% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (3.5%).New Risk • Mar 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). Earnings are forecast to decline by an average of 16% per year for the foreseeable future.New Risk • Feb 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 29Full year 2023 earnings releasedFull year 2023 results: Revenue: CHF3.60b (flat on FY 2022). Net income: CHF141.8m (up 35% from FY 2022). Profit margin: 3.9% (up from 2.9% in FY 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in the United Kingdom.공시 • Feb 28Implenia AG to Report First Half, 2024 Results on Aug 21, 2024Implenia AG announced that they will report first half, 2024 results on Aug 21, 2024Reported Earnings • Aug 18First half 2023 earnings released: EPS: CHF1.75 (vs CHF3.42 in 1H 2022)First half 2023 results: EPS: CHF1.75 (down from CHF3.42 in 1H 2022). Revenue: CHF1.73b (down 2.1% from 1H 2022). Net income: CHF32.2m (down 49% from 1H 2022). Profit margin: 1.9% (down from 3.6% in 1H 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Construction industry in the United Kingdom.New Risk • Aug 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). High level of non-cash earnings (44% accrual ratio).Buying Opportunity • Aug 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.5%. The fair value is estimated to be CHF51.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is forecast to decline by 2.4% per annum over the same time period.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CHF46.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Construction industry in the United Kingdom. Total returns to shareholders of 122% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CHF52.91 per share.Buying Opportunity • May 11Now 23% undervaluedOver the last 90 days, the stock is up 2.9%. The fair value is estimated to be CHF52.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is forecast to decline by 3.4% per annum over the same time period.공시 • May 06Implenia AG (SWX:IMPN) acquired Wincasa AG from Swiss Prime Site AG (SWX:SPSN).Implenia AG (SWX:IMPN) signed an agreement to acquire Wincasa AG from Swiss Prime Site AG (SWX:SPSN) on March 29, 2023. Implenia will acquire Wincasa for an enterprise value of CHF 235 million. The purchase price of CHF 171.6 million is being paid out of Implenia’s own liquidity from profitable business activities. Wincasa AG generated CHF 159 million revenue for the year ended 2022. The transaction is subjected to regulatory approval. The transaction is expected to close during the second quarter of 2023. Wincasa will be managed as an independent business unit within Division Buildings, and its brand will be retained. Wincasa’s operations will continue to be run within Implenia by the existing management team. Marcel Dietrich and Daniel Häusermann Homburger AG acted as legal advisor to Implenia AG. Stephan Erni of Lenz & Staehelin acted as legal advisor to Swiss Prime Site AG. Morgan Stanley & Co. LLC acted as financial advisor to Swiss Prime Site AG. As of May 5, 2023, regulatory approval was received without any conditions and Oliver Hofmann, CEO Wincasa, has left the Executive Board of Swiss Prime Site. Implenia AG (SWX:IMPN) acquired Wincasa AG from Swiss Prime Site AG (SWX:SPSN) on May 5, 2023.Upcoming Dividend • Mar 23Upcoming dividend of CHF0.40 per share at 1.1% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 03 April 2023. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (3.8%).Reported Earnings • Mar 02Full year 2022 earnings released: EPS: CHF5.68 (vs CHF3.31 in FY 2021)Full year 2022 results: EPS: CHF5.68 (up from CHF3.31 in FY 2021). Revenue: CHF3.56b (down 5.3% from FY 2021). Net income: CHF104.8m (up 71% from FY 2021). Profit margin: 2.9% (up from 1.6% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Construction industry in the United Kingdom.공시 • Jan 14Peri Vertrieb Deutschland Verwaltungs Gmbh acquired Implenia Schalungsbau Gmbh from Implenia AG (SWX:IMPN).Peri Vertrieb Deutschland Verwaltungs Gmbh acquired Implenia Schalungsbau Gmbh from Implenia AG (SWX:IMPN) on January 1, 2023. Peri Vertrieb Deutschland Verwaltungs Gmbh completed the acquisition of Implenia Schalungsbau Gmbh from Implenia AG (SWX:IMPN) on January 1, 2023.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non executive Director Judy Bischoff was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non executive Director Judy Bischoff was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측BATS-CHIXE:IMPNZ - 애널리스트 향후 추정치 및 과거 재무 데이터 (CHF Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20283,910117101133612/31/20273,709104104138612/31/20263,47884121129612/31/20253,4758482137N/A9/30/20253,5749139107N/A6/30/20253,67499-377N/A3/31/20253,61696-2060N/A12/31/20243,55992-3843N/A9/30/20243,5881141895N/A6/30/20243,61613574147N/A3/31/20243,606138-858N/A12/31/20233,596141-90-30N/A9/30/20233,544107-167-115N/A6/30/20233,49274-243-200N/A3/31/20233,51589-77-36N/A12/31/20223,53810589128N/A9/30/20223,593104161203N/A6/30/20223,648103232278N/A3/31/20223,7068258104N/A12/31/20213,76561-116-69N/A9/30/20213,856-54-243-196N/A6/30/20213,946-170-370-323N/A3/31/20213,968-152-296-242N/A12/31/20203,989-135-222-162N/A9/30/20204,081-24-112-44N/A6/30/20204,17387-273N/A3/31/20204,3025932108N/A12/31/20194,4313065144N/A9/30/20194,4288N/A70N/A6/30/20194,425-13N/A-4N/A3/31/20194,395-9N/A6N/A12/31/20184,364-5N/A16N/A9/30/20184,32825N/A67N/A6/30/20184,29156N/A118N/A3/31/20184,07546N/A158N/A12/31/20173,85936N/A197N/A9/30/20173,62738N/A174N/A6/30/20173,39440N/A151N/A3/31/20173,33150N/A107N/A12/31/20163,26760N/A62N/A9/30/20163,30354N/A86N/A6/30/20163,33849N/A110N/A3/31/20163,31348N/A128N/A12/31/20153,28848N/A145N/A9/30/20153,15555N/A106N/A6/30/20153,02161N/A66N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: IMPNZ 의 연간 예상 수익 증가율(12.3%)이 saving rate(3.4%)보다 높습니다.수익 vs 시장: IMPNZ 의 연간 수익(12.3%)이 UK 시장(11.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: IMPNZ 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: IMPNZ 의 수익(연간 5.9%)이 UK 시장(연간 4.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: IMPNZ 의 수익(연간 5.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: IMPNZ의 자본 수익률은 3년 후 12.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/09 04:44종가2026/06/09 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Implenia AG는 8명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Patrick AppenzellerBaader Helvea Equity ResearchPatrick LaagerBerenbergChristian KorthHSBC5명의 분석가 더 보기
Board Change • May 21Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Marie-Noelle Venturi-Zen-Ruffinen was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 08Implenia AG to Report Fiscal Year 2026 Final Results on Mar 03, 2027Implenia AG announced that they will report fiscal year 2026 final results on Mar 03, 2027
공시 • Mar 10Implenia AG, Annual General Meeting, Mar 31, 2026Implenia AG, Annual General Meeting, Mar 31, 2026, at 10:30 W. Europe Standard Time.
공시 • Mar 05Implenia AG to Report First Half, 2026 Results on Aug 19, 2026Implenia AG announced that they will report first half, 2026 results on Aug 19, 2026
공시 • Apr 01Implenia AG to Report Fiscal Year 2025 Results on Mar 04, 2026Implenia AG announced that they will report fiscal year 2025 results on Mar 04, 2026
공시 • Mar 27Implenia Ag Appoints Marie-Noëlle Zen-Ruffinen as Board Member and Member of the Nomination and Compensation CommitteeImplenia AG at its AGM held on 25 March 2025, approved election of Marie-Noëlle Zen-Ruffinen as a new Board Member and as member of the Nomination and Compensation Committee. Marie-Noëlle Zen-Ruffinen is a lawyer and titular professor at the University of Geneva’s School of Economics and Management. Since 2016, she has held various board positions, including with the Baloise Group and Banco Santander International SA. She has a master’s degree and a PhD in law, as well as a master’s degree in philosophy from the University of Fribourg.
공시 • Jan 16Implenia AG Announces Not Standing for Re-Election of Martin Fischer as Member of the Board of DirectorsImplenia AG announced Martin Fischer, member of the board of directors, will not be standing for re-election at the Annual General Meeting on 25 March 2025. He has been a Member of the Board of Directors and of its Nomination and Compensation Committee since 2018.
공시 • Dec 18Implenia AG to Report First Half, 2025 Results on Aug 20, 2025Implenia AG announced that they will report first half, 2025 results on Aug 20, 2025
공시 • Aug 21+ 1 more updateImplenia AG Announces CEO ChangesImplenia AG announced that it will see a change in leadership in spring 2025. André Wyss, CEO of Implenia since October 2018, will resign at the end of March 2025. The Board of Directors has appointed Jens Vollmar, the current Head Division Buildings, to succeed André Wyss as CEO on 1 April 2025. Jens Vollmar has been at Implenia since 2013. He headed the then Business Unit Buildings from 2015 and Division Buildings from 2019 as a member of the Implenia Executive Committee. He also leads the Country Executive Committee Switzerland as Country President. Before joining Implenia, and after completing his education with a doctorate at the University of St. Gallen (HSG), Jens Vollmar worked there as a Senior Consultant. He still lectures in corporate transactions as well as construction and real estate management at the HSG, is a member of the board of directors of Bauenschweiz and vice president of the board of the association Entwicklung Schweiz.
공시 • Apr 05BURU Holding AG acquired 13.7% stake in Implenia AG (SWX:IMPN) from Max Roessler.BURU Holding AG acquired 13.7% stake in Implenia AG (SWX:IMPN) from Max Roessler on April 5, 2024. BURU Holding AG completed the acquisition of 13.7% stake in Implenia AG (SWX:IMPN) from Max Roessler on April 5, 2024.
공시 • Apr 03Implenia AG, Annual General Meeting, Mar 25, 2025Implenia AG, Annual General Meeting, Mar 25, 2025.
공시 • Mar 27Implenia AG to Report Fiscal Year 2024 Results on Feb 26, 2025Implenia AG announced that they will report fiscal year 2024 results on Feb 26, 2025
Upcoming Dividend • Mar 21Upcoming dividend of CHF0.60 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 April 2024. Payout ratio is a comfortable 7.8% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (3.5%).
New Risk • Mar 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). Earnings are forecast to decline by an average of 16% per year for the foreseeable future.
New Risk • Feb 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 29Full year 2023 earnings releasedFull year 2023 results: Revenue: CHF3.60b (flat on FY 2022). Net income: CHF141.8m (up 35% from FY 2022). Profit margin: 3.9% (up from 2.9% in FY 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in the United Kingdom.
공시 • Feb 28Implenia AG to Report First Half, 2024 Results on Aug 21, 2024Implenia AG announced that they will report first half, 2024 results on Aug 21, 2024
Reported Earnings • Aug 18First half 2023 earnings released: EPS: CHF1.75 (vs CHF3.42 in 1H 2022)First half 2023 results: EPS: CHF1.75 (down from CHF3.42 in 1H 2022). Revenue: CHF1.73b (down 2.1% from 1H 2022). Net income: CHF32.2m (down 49% from 1H 2022). Profit margin: 1.9% (down from 3.6% in 1H 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Construction industry in the United Kingdom.
New Risk • Aug 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). High level of non-cash earnings (44% accrual ratio).
Buying Opportunity • Aug 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.5%. The fair value is estimated to be CHF51.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is forecast to decline by 2.4% per annum over the same time period.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CHF46.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Construction industry in the United Kingdom. Total returns to shareholders of 122% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CHF52.91 per share.
Buying Opportunity • May 11Now 23% undervaluedOver the last 90 days, the stock is up 2.9%. The fair value is estimated to be CHF52.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is forecast to decline by 3.4% per annum over the same time period.
공시 • May 06Implenia AG (SWX:IMPN) acquired Wincasa AG from Swiss Prime Site AG (SWX:SPSN).Implenia AG (SWX:IMPN) signed an agreement to acquire Wincasa AG from Swiss Prime Site AG (SWX:SPSN) on March 29, 2023. Implenia will acquire Wincasa for an enterprise value of CHF 235 million. The purchase price of CHF 171.6 million is being paid out of Implenia’s own liquidity from profitable business activities. Wincasa AG generated CHF 159 million revenue for the year ended 2022. The transaction is subjected to regulatory approval. The transaction is expected to close during the second quarter of 2023. Wincasa will be managed as an independent business unit within Division Buildings, and its brand will be retained. Wincasa’s operations will continue to be run within Implenia by the existing management team. Marcel Dietrich and Daniel Häusermann Homburger AG acted as legal advisor to Implenia AG. Stephan Erni of Lenz & Staehelin acted as legal advisor to Swiss Prime Site AG. Morgan Stanley & Co. LLC acted as financial advisor to Swiss Prime Site AG. As of May 5, 2023, regulatory approval was received without any conditions and Oliver Hofmann, CEO Wincasa, has left the Executive Board of Swiss Prime Site. Implenia AG (SWX:IMPN) acquired Wincasa AG from Swiss Prime Site AG (SWX:SPSN) on May 5, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of CHF0.40 per share at 1.1% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 03 April 2023. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (3.8%).
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: CHF5.68 (vs CHF3.31 in FY 2021)Full year 2022 results: EPS: CHF5.68 (up from CHF3.31 in FY 2021). Revenue: CHF3.56b (down 5.3% from FY 2021). Net income: CHF104.8m (up 71% from FY 2021). Profit margin: 2.9% (up from 1.6% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Construction industry in the United Kingdom.
공시 • Jan 14Peri Vertrieb Deutschland Verwaltungs Gmbh acquired Implenia Schalungsbau Gmbh from Implenia AG (SWX:IMPN).Peri Vertrieb Deutschland Verwaltungs Gmbh acquired Implenia Schalungsbau Gmbh from Implenia AG (SWX:IMPN) on January 1, 2023. Peri Vertrieb Deutschland Verwaltungs Gmbh completed the acquisition of Implenia Schalungsbau Gmbh from Implenia AG (SWX:IMPN) on January 1, 2023.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non executive Director Judy Bischoff was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non executive Director Judy Bischoff was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.