Phoenix Mecano AG

SWX:PMN Stock Report

Market Cap: CHF 364.9m

Phoenix Mecano Past Earnings Performance

Past criteria checks 2/6

Phoenix Mecano has been growing earnings at an average annual rate of 8.7%, while the Electrical industry saw earnings growing at 10.6% annually. Revenues have been declining at an average rate of 0.3% per year. Phoenix Mecano's return on equity is 11.6%, and it has net margins of 4%.

Key information

8.72%

Earnings growth rate

9.26%

EPS growth rate

Electrical Industry Growth20.31%
Revenue growth rate-0.27%
Return on equity11.61%
Net Margin4.04%
Next Earnings Update18 Aug 2026

Recent past performance updates

Analysis Article May 01

There May Be Reason For Hope In Phoenix Mecano's (VTX:PMN) Disappointing Earnings

Shareholders appeared unconcerned with Phoenix Mecano AG's ( VTX:PMN ) lackluster earnings report last week. We did...

Recent updates

Narrative Update Jun 16

PMN: Dividend Commitment And Refined Assumptions Will Shape Future Returns

Analysts have reaffirmed their CHF 440.92 price target for Phoenix Mecano, citing slightly adjusted assumptions for the discount rate, revenue growth, and profit margin as the main drivers of the updated valuation framework. What's in the News Phoenix Mecano announced an annual dividend of CHF 19.50 per share, according to a key developments update.
Narrative Update Jun 02

PMN: Dividend Commitment And Adjusted Assumptions Will Support A Balanced Outlook

Analysts have nudged their Phoenix Mecano fair value estimate slightly higher to about CHF 436.54 from roughly CHF 436.36, reflecting updated assumptions on discount rates and revenue growth. What's in the News Phoenix Mecano AG announced an annual dividend of CHF 19.50 per share.
Narrative Update May 14

PMN: Dividend Commitment And Higher Risk Assumptions Will Shape Future Returns

Analysts have revised their price target on Phoenix Mecano to CHF 440.92 from CHF 532.97, reflecting updated assumptions for slightly lower revenue growth, a modestly softer profit margin outlook, and a higher discount rate in their valuation models. What's in the News Phoenix Mecano AG announced an annual dividend of CHF 19.50 per share, with payment scheduled for May 28, 2026.
Narrative Update Apr 24

PMN: Higher Discount Rate And Dividend Commitment Will Shape Balanced Outlook

Phoenix Mecano's analyst price target has shifted from CHF 514.48 to CHF 436.36 as analysts factor in updated assumptions for revenue growth, profit margins and the discount rate applied to future cash flows. What's in the News Phoenix Mecano AG declared an annual dividend of CHF 19.50 per share, with payment scheduled for May 28, 2026 (Key Developments).
Narrative Update Apr 10

PMN: Lower Discount Rate Will Underpin Further Upside Potential

Analysts have revised their price target for Phoenix Mecano to CHF 532.97. This reflects updated assumptions on the discount rate, revenue growth and profit margin that support a steady view of the group’s fair value.
Narrative Update Mar 26

PMN: Slightly Lower Discount Rate Will Support Further Upside Potential

Narrative Update Opening The updated analyst price target for Phoenix Mecano is now CHF 532.97, with analysts citing slightly adjusted assumptions for the discount rate, revenue growth and profit margin to support the new figure. Valuation Changes Fair Value: CHF 532.97 remains unchanged compared with the prior estimate.
Narrative Update Mar 11

PMN: Slightly Higher Discount Rate Will Still Support Further Upside Potential

Analysts have made a marginal downward revision to their Phoenix Mecano price target to CHF 532.97 from CHF 533.19, citing slightly higher assumed discount rates, along with modestly adjusted long term revenue growth and profit margin inputs in their models. Valuation Changes Fair Value: CHF 533.19 has shifted slightly to CHF 532.97, reflecting a marginal adjustment in the model output.
Narrative Update Feb 25

PMN: Updated Margins And Discount Rate Will Support Further Upside Potential

Analysts have nudged their price target for Phoenix Mecano higher to CHF533.19 from CHF526.72, reflecting updated assumptions for slightly stronger revenue growth, profit margins, and a modestly higher discount rate. Valuation Changes Fair Value: CHF526.72 to CHF533.19, risen slightly based on the updated model.
Narrative Update Feb 08

PMN: Refreshed Discount And Margin Assumptions Will Support Future Upside Potential

Analysts have nudged their price target on Phoenix Mecano slightly higher to reflect updated assumptions for discount rate, revenue growth of about 5.3% and profit margin of about 5.2%. This results in a fair value estimate of €526.72 per share that is broadly unchanged in headline terms but better supported by their refreshed model inputs.
Narrative Update Jan 24

PMN: Recalibrated Assumptions Will Support Future Upside Potential

Analysts have trimmed their price target on Phoenix Mecano to about CHF 526.72 from roughly CHF 580.06 as they factor in updated assumptions for fair value, discount rate, revenue growth and profit margin that align the stock more closely with recent research approaches seen across the market. Analyst Commentary Even with the trimmed price target, bullish analysts still frame Phoenix Mecano as a name where updated assumptions bring the stock closer to what they view as a reasonable fair value.
New Narrative Aug 31

Digitalization And Southeast Asia Expansion Will Secure Efficient Operations

Key Takeaways Focused investment in automation, digitalization, and high-value product innovation is set to enhance operational efficiency, margins, and long-term revenue quality. Targeting niche growth markets and expanding Southeast Asian manufacturing reduces global risks and positions the company for accelerated growth as end-markets rebound.
Analysis Article May 16

Here's Why Shareholders May Want To Be Cautious With Increasing Phoenix Mecano AG's (VTX:PMN) CEO Pay Packet

Key Insights Phoenix Mecano will host its Annual General Meeting on 22nd of May CEO Rochus Kobler's total compensation...
Analysis Article May 01

There May Be Reason For Hope In Phoenix Mecano's (VTX:PMN) Disappointing Earnings

Shareholders appeared unconcerned with Phoenix Mecano AG's ( VTX:PMN ) lackluster earnings report last week. We did...
Analysis Article Aug 24

Phoenix Mecano (VTX:PMN) Strong Profits May Be Masking Some Underlying Issues

Phoenix Mecano AG's ( VTX:PMN ) healthy profit numbers didn't contain any surprises for investors. We think this is due...
Analysis Article Aug 18

The Phoenix Mecano AG (VTX:PMN) Interim Results Are Out And Analysts Have Published New Forecasts

Phoenix Mecano AG ( VTX:PMN ) came out with its half-year results last week, and we wanted to see how the business is...
Analysis Article Nov 24

Investors Shouldn't Overlook Phoenix Mecano's (VTX:PMN) Impressive Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Analysis Article Mar 04

Phoenix Mecano (VTX:PM) Ticks All The Boxes When It Comes To Earnings Growth

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Mar 18

Is Phoenix Mecano AG (VTX:PM) An Attractive Dividend Stock?

Dividend paying stocks like Phoenix Mecano AG ( VTX:PM ) tend to be popular with investors, and for good reason - some...
Analysis Article Feb 20

Does Phoenix Mecano's (VTX:PM) Statutory Profit Adequately Reflect Its Underlying Profit?

Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
Analysis Article Jan 30

These Metrics Don't Make Phoenix Mecano (VTX:PM) Look Too Strong

What underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...
Analysis Article Jan 12

What Kind Of Shareholders Own Phoenix Mecano AG (VTX:PM)?

The big shareholder groups in Phoenix Mecano AG ( VTX:PM ) have power over the company. Generally speaking, as a...
Analysis Article Dec 22

What Type Of Returns Would Phoenix Mecano's(VTX:PM) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

It is doubtless a positive to see that the Phoenix Mecano AG ( VTX:PM ) share price has gained some 33% in the last...
Analysis Article Dec 09

Zooming in on VTX:PM's 2.2% Dividend Yield

Dividend paying stocks like Phoenix Mecano AG ( VTX:PM ) tend to be popular with investors, and for good reason - some...
Analysis Article Nov 25

We Think Phoenix Mecano (VTX:PM) Is Taking Some Risk With Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Revenue & Expenses Breakdown

How Phoenix Mecano makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SWX:PMN Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 25749302400
30 Sep 25758312400
30 Jun 25767312410
31 Mar 25769332390
31 Dec 24772352360
30 Sep 24764392360
30 Jun 24756422360
31 Mar 24767442390
31 Dec 23778452410
30 Sep 23783442420
30 Jun 23787422430
31 Mar 23788412430
31 Dec 22789402430
30 Sep 22804362410
30 Jun 22819322380
31 Mar 22816322340
31 Dec 21813312300
30 Sep 21799282270
30 Jun 21786242240
31 Mar 21735172190
31 Dec 2068392140
30 Sep 2066762170
30 Jun 2065142190
31 Mar 2066392210
31 Dec 19676142230
30 Sep 19655212160
30 Jun 19635282090
31 Mar 19641322070
31 Dec 18648362050
30 Sep 18645322050
30 Jun 18642282060
31 Mar 18633252050
31 Dec 17624222040
30 Sep 17617232010
30 Jun 17609231980
31 Mar 17594231950
31 Dec 16579231910
30 Sep 16573171900
30 Jun 16567101900
31 Mar 1656281880
31 Dec 1555671860
30 Sep 15542131810

Quality Earnings: PMN has high quality earnings.

Growing Profit Margin: PMN's current net profit margins (4%) are lower than last year (4.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: PMN's earnings have grown by 8.7% per year over the past 5 years.

Accelerating Growth: PMN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PMN had negative earnings growth (-12.4%) over the past year, making it difficult to compare to the Electrical industry average (15.4%).


Return on Equity

High ROE: PMN's Return on Equity (11.6%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/12 13:25
End of Day Share Price 2026/07/10 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

Phoenix Mecano AG is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael RoostBaader Helvea Equity Research
Reto HuberResearch Partners AG
Jörn IffertUBS Investment Bank