Sulzer Management
Management criteria checks 3/4
Sulzer's CEO is Suzanne Thoma, appointed in Nov 2022, has a tenure of 3.75 years. total yearly compensation is CHF4.84M, comprised of 21.7% salary and 78.3% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth CHF659.23K. The average tenure of the management team and the board of directors is 3.7 years and 4.3 years respectively.
Key information
Suzanne Thoma
Chief executive officer
CHF 4.8m
Total compensation
| CEO salary percentage | 21.71% |
| CEO tenure | 3.8yrs |
| CEO ownership | 0.01% |
| Management average tenure | 3.7yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
Analysis Article • Jul 31
Here's What Analysts Are Forecasting For Sulzer AG (VTX:SUN) After Its Half-Year Results
It's been a good week for Sulzer AG ( VTX:SUN ) shareholders, because the company has just released its latest...
Narrative Update • Jul 01
SUN: Modest Margin Reset Will Still Support Future Upside
Analysts have adjusted their price target on Sulzer to CHF210 from CHF220, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What’s in the News for Sulzer No recent Sulzer specific news items were identified from the provided sources.
Narrative Update • Jun 16
SUN: Unchanged Outlook And Assumption Tweaks Will Likely Keep Shares Overpriced
The latest Sulzer analyst narrative keeps the fair value estimate steady at CHF 130.00, with analysts citing small adjustments to assumptions for the discount rate, revenue growth, profit margin and future P/E, rather than a change in their overall view on the stock. What’s in the News for Sulzer No recent Sulzer news items were available from the provided primary or secondary sources at the time of writing.Narrative Update • Jun 02
SUN: Stable Assumptions And Margins Will Support Future Upside
Analysts have kept their CHF 220.00 price target for Sulzer unchanged, pointing to relatively stable fair value assumptions along with slight adjustments to the discount rate, revenue growth, profit margin and future P/E inputs. What's in the News No recent company specific news items were provided in the available sources, so there are currently no discrete events to highlight for Sulzer.Narrative Update • May 18
SUN: Dividend Visibility And Firmer Margins Will Support Future Upside
Analysts have kept Sulzer's price target steady at CHF220. They point to only small model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in their overall view on the stock.Narrative Update • May 02
SUN: Higher Margins And Dividend Outlook Will Support Future Upside
Analysts have raised their price target for Sulzer from CHF 200 to CHF 220, citing updated assumptions that combine a lower revenue growth outlook with expectations for higher profit margins and a slightly adjusted P/E multiple. What's in the News Sulzer AG announced an annual dividend of CHF 4.75 per share.
Narrative Update • Apr 18
SUN: Future Upside Will Stem From Dividend Support And Higher Earnings Multiple
Analysts now set their Sulzer price target at CHF 187.40, compared with the prior CHF 171.67. They cite updated assumptions for modestly lower revenue growth, slightly higher profit margins and a higher future P/E multiple.Narrative Update • Apr 04
SUN: Stable Dividend And Unchanged Outlook Will Likely Keep Shares Overpriced
Analysts are keeping Sulzer's price target steady at CHF 130. Only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions do not materially change their overall valuation view.Narrative Update • Mar 21
SUN: Stable Dividend Outlook Will Likely Keep Shares Overpriced
Analysts are maintaining their CHF 130.00 price target for Sulzer, with only marginal adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions supporting this consistent view. What's in the News Sulzer AG declared an annual dividend of CHF 4.75 per share, with payment scheduled for April 21, 2026 (Key Developments).Narrative Update • Mar 07
SUN: Dividend And Weaker Margin Outlook Will Likely Keep Shares Overpriced
Analysts have maintained their CHF 130.00 price target for Sulzer, based on updated views on revenue growth, profit margins, a slightly higher discount rate, and expectations for a higher future P/E multiple. What's in the News Sulzer AG announced an annual dividend of CHF 4.75 per share, with payment scheduled for April 21, 2026 (Key Developments).Narrative Update • Feb 21
SUN: Minor Model Tweaks Will Likely Leave Shares Overpriced
Analysts have kept their CHF 130.00 price target for Sulzer unchanged, pointing to only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any shift in their overall view of the shares. Valuation Changes Fair Value: CHF 130.00 remains unchanged, signalling no revision to the headline valuation level.Narrative Update • Feb 06
SUN: Small Model Adjustments Will Likely Keep Shares Overpriced
Analysts have kept their price target for Sulzer steady at €130.00, citing only modest parameter updates to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any major change in their overall outlook. Valuation Changes Fair Value: The fair value estimate remains unchanged at €130.00 per share, indicating no adjustment to the central valuation level.Analysis Article • Jan 31
Investors Will Want Sulzer's (VTX:SUN) Growth In ROCE To Persist
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...Narrative Update • Jan 23
SUN: Minor Model Tweaks Will Likely Keep Shares Overpriced
Analysts have maintained their price target for Sulzer at €130.00. They cited only minor model adjustments to the discount rate, revenue growth, profit margin and expected future P/E as reasons for reaffirming their view rather than changing it.Analysis Article • Jan 10
Why Sulzer Ltd (VTX:SUN) Could Be Worth Watching
While Sulzer Ltd ( VTX:SUN ) might not have the largest market cap around , it led the SWX gainers with a relatively...Narrative Update • Jan 09
SUN: Higher Margin Assumptions Will Likely Leave Shares Overpriced
Analysts now set their fair value estimate for Sulzer at €130, up from €89, citing updated assumptions on revenue growth, profit margins and future P/E as the key drivers of the higher target. Valuation Changes Fair value estimate raised from €89.0 to €130.0, reflecting a higher assessed worth for Sulzer shares in the updated model.Analysis Article • Dec 26
An Intrinsic Calculation For Sulzer Ltd (VTX:SUN) Suggests It's 47% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Sulzer fair value estimate is CHF276 Sulzer's CHF146 share...Narrative Update • Dec 25
SUN: Long-Term Upside Will Emerge As Tariff Headwinds Ease
Analysts have modestly raised their price target on Sulzer to CHF 171.67 per share, reflecting slightly lower discount rate assumptions and stable expectations for revenue growth, margins, and future valuation multiples. Valuation Changes Fair Value: unchanged at CHF 171.67 per share, indicating no revision to the intrinsic value estimate.Narrative Update • Dec 11
SUN: Long-Term Upside Will Emerge As Tariff Headwinds Ease
Analysts have trimmed their price target on Sulzer to CHF 173 from CHF 189, citing reduced estimates driven by softer demand from industrial and oil and gas customers amid tariff uncertainties and global conflicts. Analyst Commentary Analysts acknowledge that despite the reduced price target, Sulzer maintains a constructive investment case, with valuation and earnings expectations recalibrated to reflect a more challenging demand backdrop.Analysis Article • Dec 10
Earnings Tell The Story For Sulzer Ltd (VTX:SUN)
There wouldn't be many who think Sulzer Ltd's ( VTX:SUN ) price-to-earnings (or "P/E") ratio of 17.5x is worth a...Narrative Update • Nov 27
SUN: Long-Term Value Will Prevail Despite Softer Industrial Demand
Analysts have lowered their price target for Sulzer from CHF 189 to CHF 173, citing softer industrial and oil and gas demand due to ongoing tariff uncertainties and global conflicts. Analyst Commentary Analysts have shared their perspectives on Sulzer in light of the revised price target.Narrative Update • Nov 12
SUN: Diversified Sectors Will Drive Resilience Amid Tariff Uncertainty
Analysts have slightly lowered their price target for Sulzer to CHF 173 from CHF 189. They cite softer demand because of ongoing tariff uncertainties and global conflicts.Analysis Article • Nov 09
Does Sulzer (VTX:SUN) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Narrative Update • Oct 29
Long-Term Recovery Expected If Tariff Pressures And Demand Headwinds Ease
Analysts have slightly reduced their price target for Sulzer from CHF 189 to CHF 173. They cite expectations of softer demand in its key industrial and oil and gas segments due to tariff uncertainties and global conflicts.Narrative Update • Oct 15
Decarbonization And Water Trends Will Shape Environmental Futures
The analyst price target for Sulzer has been adjusted downward by CHF 4.17 to CHF 171.67. This reflects tempered expectations due to softer industrial demand and ongoing global uncertainties according to analysts.Analysis Article • Oct 14
Sulzer (VTX:SUN) Might Have The Makings Of A Multi-Bagger
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Narrative Update • Sep 26
Decarbonization And Water Trends Will Shape Environmental Futures
Sulzer’s analyst price target was revised upward despite a slight dip in consensus revenue growth forecasts, as the stock’s future P/E multiple climbed, indicating increased market confidence and resulting in a new target of CHF175.83. What's in the News Sulzer's Bioflux technology has been selected for a scalable 15KTA Sustainable Aviation Fuel (SAF) pilot plant in Sarawak, targeting regional SAF demand.
New Narrative • Mar 02
Focus On Essential Industries And Operational Efficiencies Will Drive Future Success
Strategic expansion in growing essential industries and innovation hubs boosts order intake and sales growth, enhancing future revenues and earnings.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | CHF 303m |
| Mar 31 2026 | n/a | n/a | CHF 298m |
| Dec 31 2025 | CHF 5m | CHF 1m | CHF 293m |
| Sep 30 2025 | n/a | n/a | CHF 283m |
| Jun 30 2025 | n/a | n/a | CHF 273m |
| Mar 31 2025 | n/a | n/a | CHF 267m |
| Dec 31 2024 | CHF 5m | CHF 1m | CHF 262m |
| Sep 30 2024 | n/a | n/a | CHF 252m |
| Jun 30 2024 | n/a | n/a | CHF 242m |
| Mar 31 2024 | n/a | n/a | CHF 235m |
| Dec 31 2023 | CHF 4m | CHF 950k | CHF 229m |
| Sep 30 2023 | n/a | n/a | CHF 205m |
| Jun 30 2023 | n/a | n/a | CHF 181m |
| Mar 31 2023 | n/a | n/a | CHF 105m |
| Dec 31 2022 | CHF 2m | CHF 158k | CHF 29m |
| Sep 30 2022 | n/a | n/a | CHF 29m |
| Jun 30 2022 | n/a | n/a | CHF 30m |
| Mar 31 2022 | n/a | n/a | CHF 84m |
| Dec 31 2021 | CHF 323k | n/a | CHF 138m |
Compensation vs Market: Suzanne's total compensation ($USD6.04M) is above average for companies of similar size in the Swiss market ($USD1.87M).
Compensation vs Earnings: Suzanne's compensation has been consistent with company performance over the past year.
CEO
Suzanne Thoma (64 yo)
3.8yrs
Tenure
CHF 4,836,000
Compensation
Dr. Suzanne Thoma, Ph.D. Chemical Engineer ETH, has been the Chief Executive Officer of BKW Management AG (formerly known as BKW Energie AG) since 2013, Head of Group Management since 2010 and serves as Me...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chair & CEO | 3.8yrs | CHF 4.84m | 0.013% CHF 659.2k | |
| Group Treasurer & CFO | 11.6yrs | no data | 0.017% CHF 858.7k | |
| Group Chief Information Officer | 3yrs | no data | no data | |
| General Counsel | 3.6yrs | no data | no data | |
| Head of Corporate Communications | 2.6yrs | no data | no data | |
| Chief Human Resources Officer | 3.6yrs | no data | no data | |
| Division President of Chemtech | 4.6yrs | no data | 0.0032% CHF 165.8k | |
| Head of Ventures | 3.8yrs | no data | no data | |
| Global Business Unit Head Polymer & Crystallization | 3.1yrs | no data | no data | |
| Division President of Services | 5.6yrs | no data | no data | |
| Head of Programme Management | 20.8yrs | no data | no data | |
| Head of Corporate Services & Chief Sustainability Officer | 2.8yrs | no data | no data |
3.7yrs
Average Tenure
60yo
Average Age
Experienced Management: SUN's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chair & CEO | 5.3yrs | CHF 4.84m | 0.013% CHF 659.2k | |
| Independent Director | 3.3yrs | CHF 318.00k | 0.0035% CHF 176.5k | |
| Independent Director | 3.3yrs | CHF 296.00k | 0.0041% CHF 207.2k | |
| Director | 5.3yrs | CHF 301.00k | 0.010% CHF 514.3k | |
| Independent Director | 3.3yrs | CHF 335.00k | no data | |
| Director | 6.3yrs | CHF 245.00k | 0.011% CHF 571.5k | |
| Vice-Chair of the Board & Lead Independent Director | 4.3yrs | CHF 385.00k | 0.0052% CHF 262.8k |
4.3yrs
Average Tenure
64yo
Average Age
Experienced Board: SUN's board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/24 11:54 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Sulzer AG is covered by 19 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.
| Analyst | Institution |
|---|---|
| Zana Mamelli | Baader Helvea Equity Research |
| Allan Smylie | Barclays |
| Martin Wuermli | Berenberg |