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Implenia AGSWX:IMPN Stock Report

Market Cap CHF 1.4b
Share Price
CHF 73.80
n/a
1Y95.5%
7D-1.2%
Portfolio Value
​
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Implenia AG

SWX:IMPN Stock Report

Market Cap: CHF 1.4b

Implenia (IMPN) Stock Overview

Provides construction and real estate services in Switzerland, Germany, Austria, Norway, Sweden, France, and internationally. More details

IMPN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends2/6

Rewards

Trading at 9.1% below our estimate of its fair value

Earnings are forecast to grow 11.72% per year

Trading at good value compared to peers and industry

Risk Analysis

Volatile share price over the past 3 months compared to the Swiss market


IMPN Community Fair Values

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See what 10 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Implenia

Digitalization And Green Construction Will Redefine European Infrastructure

Key Takeaways Shift toward higher-margin, specialized segments and service-based revenue streams is driving structural margin improvement and better earnings stability. Leadership in sustainable construction and digitalization positions Implenia to benefit from green mandates and efficiency gains, supporting long-term growth and premium pricing.
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CHF 84.4
FV
12.6% undervalued intrinsic discount
3.95%
Revenue growth p.a.
34
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6users have followed this narrative
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Implenia

Urbanization And Green Mandates Will Drive European Infrastructure Modernization

Key Takeaways Unique positioning in major European infrastructure and expertise in sustainable construction set the stage for strong, resilient long-term revenue and margin growth. Strategic division integration and digitalization boost efficiency, create strong client synergies, and open pathways for superior, sustained earnings expansion.
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CHF 100
FV
26.2% undervalued intrinsic discount
4.12%
Revenue growth p.a.
5
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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Implenia

Increasing European Costs And Digital Lags Will Erode Value

Key Takeaways Rising compliance costs, demographic headwinds, and inconsistent project margins threaten long-term revenue growth, margin improvement, and earnings stability. Slow digital adoption and heavy exposure to complex projects increase risks of market share loss, cash flow instability, and financial underperformance.
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CHF 52
FV
41.9% overvalued intrinsic discount
2.08%
Revenue growth p.a.
12
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0users have liked this narrative
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Implenia AG Competitors

Price History & Performance

Summary of share price highs, lows and changes for Implenia
Historical stock prices
Current Share PriceCHF 73.80
52 Week HighCHF 83.30
52 Week LowCHF 35.00
Beta0.34
1 Month Change-4.16%
3 Month Change4.83%
1 Year Change95.50%
3 Year Change100.27%
5 Year Change166.81%
Change since IPO180.61%

Recent News & Updates

Recent updates

Implenia AG (VTX:IMPN) Surges 25% Yet Its Low P/E Is No Reason For Excitement

Dec 24
Implenia AG (VTX:IMPN) Surges 25% Yet Its Low P/E Is No Reason For Excitement

We Think Implenia (VTX:IMPN) Is Taking Some Risk With Its Debt

Nov 26
We Think Implenia (VTX:IMPN) Is Taking Some Risk With Its Debt

Earnings Working Against Implenia AG's (VTX:IMPN) Share Price

Oct 28
Earnings Working Against Implenia AG's (VTX:IMPN) Share Price

Implenia (VTX:IMPN) Shareholders Will Want The ROCE Trajectory To Continue

Sep 10
Implenia (VTX:IMPN) Shareholders Will Want The ROCE Trajectory To Continue

Implenia AG Just Beat Revenue By 5.0%: Here's What Analysts Think Will Happen Next

Aug 23
Implenia AG Just Beat Revenue By 5.0%: Here's What Analysts Think Will Happen Next

Implenia AG's (VTX:IMPN) Intrinsic Value Is Potentially 75% Above Its Share Price

Aug 22
Implenia AG's (VTX:IMPN) Intrinsic Value Is Potentially 75% Above Its Share Price

Implenia AG's (VTX:IMPN) Earnings Are Not Doing Enough For Some Investors

May 21
Implenia AG's (VTX:IMPN) Earnings Are Not Doing Enough For Some Investors

A Look At The Fair Value Of Implenia AG (VTX:IMPN)

May 03
A Look At The Fair Value Of Implenia AG (VTX:IMPN)

Should You Investigate Implenia AG (VTX:IMPN) At CHF40.60?

Mar 18
Should You Investigate Implenia AG (VTX:IMPN) At CHF40.60?

Implenia AG (VTX:IMPN) Shares Fly 27% But Investors Aren't Buying For Growth

Feb 14
Implenia AG (VTX:IMPN) Shares Fly 27% But Investors Aren't Buying For Growth
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Integration Of Wincasa Will Continue To Strain Cash Flows

Declining order backlog and challenging construction markets threaten sales revenue, especially with low demand in Germany.

Here's Why Implenia (VTX:IMPN) Has Caught The Eye Of Investors

Aug 29
Here's Why Implenia (VTX:IMPN) Has Caught The Eye Of Investors

Implenia AG's (VTX:IMPN) CEO Compensation Is Looking A Bit Stretched At The Moment

Mar 20
Implenia AG's (VTX:IMPN) CEO Compensation Is Looking A Bit Stretched At The Moment

Is There An Opportunity With Implenia AG's (VTX:IMPN) 38% Undervaluation?

Dec 21
Is There An Opportunity With Implenia AG's (VTX:IMPN) 38% Undervaluation?

Is Implenia AG (VTX:IMPN) Trading At A 37% Discount?

Aug 17
Is Implenia AG (VTX:IMPN) Trading At A 37% Discount?

Should You Investigate Implenia AG (VTX:IMPN) At CHF19.00?

Jun 17
Should You Investigate Implenia AG (VTX:IMPN) At CHF19.00?

Should You Investigate Implenia AG (VTX:IMPN) At CHF23.00?

Jan 18
Should You Investigate Implenia AG (VTX:IMPN) At CHF23.00?

Is Implenia (VTX:IMPN) Using Too Much Debt?

Mar 25
Is Implenia (VTX:IMPN) Using Too Much Debt?

Shareholder Returns

IMPNCH ConstructionCH Market
7D-1.2%-1.6%-3.0%
1Y95.5%35.1%1.0%

Return vs Industry: IMPN exceeded the Swiss Construction industry which returned 36.9% over the past year.

Return vs Market: IMPN exceeded the Swiss Market which returned 1.2% over the past year.

Price Volatility

Is IMPN's price volatile compared to industry and market?
IMPN volatility
IMPN Average Weekly Movement6.1%
Construction Industry Average Movement5.1%
Market Average Movement4.2%
10% most volatile stocks in CH Market8.0%
10% least volatile stocks in CH Market2.2%

Stable Share Price: IMPN's share price has been volatile over the past 3 months compared to the Swiss market.

Volatility Over Time: IMPN's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Swiss stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a8,531Jens Vollmarwww.implenia.com

Implenia AG provides construction and real estate services in Switzerland, Germany, Austria, Norway, Sweden, France, and internationally. It operates through Buildings; Civil Engineering; and Service Solutions segments. The company engages in tunnel construction; civil engineering; structural engineering; foundation engineering; structural design; building preservation; and depots.

Implenia AG Fundamentals Summary

How do Implenia's earnings and revenue compare to its market cap?
IMPN fundamental statistics
Market capCHF 1.36b
Earnings (TTM)CHF 83.64m
Revenue (TTM)CHF 3.47b
16.3x
P/E Ratio
0.4x
P/S Ratio

Is IMPN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IMPN income statement (TTM)
RevenueCHF 3.47b
Cost of RevenueCHF 1.92b
Gross ProfitCHF 1.56b
Other ExpensesCHF 1.47b
EarningsCHF 83.64m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 19, 2026

Earnings per share (EPS)4.53
Gross Margin44.80%
Net Profit Margin2.41%
Debt/Equity Ratio96.6%

How did IMPN perform over the long term?

See historical performance and comparison

Dividends

1.9%
Current Dividend Yield
31%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/12 04:09
End of Day Share Price 2026/03/12 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Implenia AG is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick AppenzellerBaader Helvea Equity Research
Patrick LaagerBerenberg
Christian KorthHSBC