SGS SA

SWX:SGSN Stock Report

Market Cap: CHF 16.1b

SGS Valuation

Is SGSN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SGSN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SGSN (CHF86.36) is trading below our estimate of fair value (CHF129.34)

Significantly Below Fair Value: SGSN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SGSN?

Key metric: As SGSN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SGSN. This is calculated by dividing SGSN's market cap by their current earnings.
What is SGSN's PE Ratio?
PE Ratio29.4x
EarningsCHF 548.00m
Market CapCHF 16.09b

Price to Earnings Ratio vs Peers

How does SGSN's PE Ratio compare to its peers?

The above table shows the PE ratio for SGSN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.6x
ADEN Adecco Group
14.4x17.4%CHF 4.0b
J Jacobs Solutions
27.1x11.9%US$17.4b
TRU TransUnion
83.2x33.8%US$18.6b
LDOS Leidos Holdings
17.9x5.1%US$21.4b
SGSN SGS
29.4x11.9%CHF 16.1b

Price-To-Earnings vs Peers: SGSN is good value based on its Price-To-Earnings Ratio (29.4x) compared to the peer average (35.6x).

Price to Earnings Ratio vs Industry

How does SGSN's PE Ratio compare vs other companies in the European Professional Services Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SGSN 29.4xIndustry Avg. 18.4xNo. of Companies14PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SGSN is expensive based on its Price-To-Earnings Ratio (29.4x) compared to the European Professional Services industry average (18.4x).

Price to Earnings Ratio vs Fair Ratio

What is SGSN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SGSN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.4x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: SGSN is expensive based on its Price-To-Earnings Ratio (29.4x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SGSN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 86.36
CHF 92.99
+7.7%
8.7%CHF 109.00CHF 80.00n/a19
Nov ’25CHF 92.44
CHF 92.99
+0.6%
8.7%CHF 109.00CHF 80.00n/a19
Oct ’25CHF 94.04
CHF 92.63
-1.5%
9.0%CHF 108.00CHF 78.00n/a19
Sep ’25CHF 94.64
CHF 92.02
-2.8%
9.9%CHF 106.00CHF 73.00n/a20
Aug ’25CHF 96.10
CHF 91.70
-4.6%
10.1%CHF 106.00CHF 73.00n/a20
Jul ’25CHF 80.10
CHF 87.82
+9.6%
7.8%CHF 100.00CHF 73.00n/a20
Jun ’25CHF 84.00
CHF 88.23
+5.0%
8.3%CHF 100.00CHF 73.00n/a19
May ’25CHF 81.06
CHF 88.18
+8.8%
8.3%CHF 100.00CHF 73.00n/a19
Apr ’25CHF 87.50
CHF 87.39
-0.1%
8.1%CHF 100.00CHF 73.00n/a19
Mar ’25CHF 84.74
CHF 86.63
+2.2%
7.6%CHF 95.00CHF 73.00n/a18
Feb ’25CHF 80.18
CHF 86.20
+7.5%
9.1%CHF 101.00CHF 73.00n/a18
Jan ’25CHF 72.54
CHF 85.81
+18.3%
10.4%CHF 101.00CHF 66.00n/a18
Dec ’24CHF 74.50
CHF 85.95
+15.4%
10.4%CHF 101.00CHF 66.00n/a18
Nov ’24CHF 73.42
CHF 88.19
+20.1%
7.5%CHF 101.00CHF 77.00CHF 92.4416
Oct ’24CHF 77.02
CHF 88.19
+14.5%
7.5%CHF 101.00CHF 77.00CHF 94.0416
Sep ’24CHF 80.66
CHF 88.59
+9.8%
7.7%CHF 101.00CHF 77.00CHF 94.6417
Aug ’24CHF 84.44
CHF 88.23
+4.5%
8.1%CHF 103.00CHF 77.00CHF 96.1018
Jul ’24CHF 84.56
CHF 90.86
+7.4%
8.6%CHF 104.00CHF 75.00CHF 80.1018
Jun ’24CHF 81.62
CHF 90.69
+11.1%
9.3%CHF 104.00CHF 76.00CHF 84.0019
May ’24CHF 80.56
CHF 90.26
+12.0%
9.1%CHF 104.00CHF 76.00CHF 81.0618
Apr ’24CHF 80.44
CHF 92.10
+14.5%
14.6%CHF 136.00CHF 76.00CHF 87.5017
Mar ’24CHF 86.12
CHF 92.57
+7.5%
14.2%CHF 136.00CHF 76.00CHF 84.7417
Feb ’24CHF 89.80
CHF 93.53
+4.1%
13.7%CHF 136.00CHF 77.64CHF 80.1816
Jan ’24CHF 86.00
CHF 96.27
+11.9%
13.6%CHF 136.00CHF 77.64CHF 72.5417
Dec ’23CHF 89.68
CHF 96.38
+7.5%
13.5%CHF 136.00CHF 77.64CHF 74.5017
Nov ’23CHF 87.60
CHF 96.62
+10.3%
13.4%CHF 136.00CHF 77.64CHF 73.4218

Analyst Forecast: Target price is less than 20% higher than the current share price.

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