Upcoming Dividend • Apr 20
Upcoming dividend of CHF12.00 per share Eligible shareholders must have bought the stock before 27 April 2026. Payment date: 29 April 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.1%. Within top quartile of Swiss dividend payers (3.4%). Higher than average of industry peers (5.1%). Declared Dividend • Mar 15
Dividend of CHF12.00 announced Dividend of CHF12.00 is the same as last year. Ex-date: 27th April 2026 Payment date: 29th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio) nor is it covered by cash flows (112% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 48% to bring the payout ratio under control, which is more than the 15% EPS growth achieved over the last 5 years. Buy Or Sell Opportunity • Mar 06
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at CHF209. The fair value is estimated to be CHF174, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has grown by 12%. New Risk • Feb 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 138% Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Cash payout ratio: 108% Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Upcoming Dividend • Apr 21
Upcoming dividend of CHF12.00 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 30 April 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.2%. Within top quartile of Swiss dividend payers (4.2%). Higher than average of industry peers (4.5%). Announcement • Mar 17
APG|SGA SA, Annual General Meeting, Apr 24, 2025 APG|SGA SA, Annual General Meeting, Apr 24, 2025, at 16:30 W. Europe Standard Time. Price Target Changed • Mar 16
Price target increased by 12% to CHF259 Up from CHF231, the current price target is provided by 1 analyst. New target price is 15% above last closing price of CHF226. Stock is up 2.7% over the past year. The company posted earnings per share of CHF10.10 last year. Declared Dividend • Mar 16
Dividend increased to CHF12.00 Dividend of CHF12.00 is 9.1% higher than last year. Ex-date: 28th April 2025 Payment date: 30th April 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control. However, EPS has declined by 6.2% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: CHF10.10 (vs CHF8.95 in FY 2023) Full year 2024 results: EPS: CHF10.10 (up from CHF8.95 in FY 2023). Revenue: CHF332.8m (up 1.6% from FY 2023). Net income: CHF30.3m (up 13% from FY 2023). Profit margin: 9.1% (up from 8.2% in FY 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Mar 14
APG|SGA SA announces Annual dividend, payable on April 30, 2025 APG|SGA SA announced Annual dividend of CHF 12.0000 per share payable on April 30, 2025, ex-date on April 28, 2025 and record date on April 29, 2025. New Risk • Feb 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 92% Earnings have declined by 6.4% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 110% Earnings have declined by 16% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Upcoming Dividend • Apr 23
Upcoming dividend of CHF11.00 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 03 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.0%. Within top quartile of Swiss dividend payers (4.0%). Higher than average of industry peers (3.9%). Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: CHF8.95 (vs CHF7.81 in FY 2022) Full year 2023 results: EPS: CHF8.95 (up from CHF7.81 in FY 2022). Revenue: CHF328.8m (up 5.2% from FY 2022). Net income: CHF26.8m (up 15% from FY 2022). Profit margin: 8.2% (up from 7.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Feb 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Cash payout ratio: 194% Earnings have declined by 23% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Jan 31
APG|SGA SA to Report Fiscal Year 2023 Results on Feb 27, 2024 APG|SGA SA announced that they will report fiscal year 2023 results on Feb 27, 2024 New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 26% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jul 25
APG|SGA SA to Report First Half, 2023 Results on Jul 28, 2023 APG|SGA SA announced that they will report first half, 2023 results on Jul 28, 2023 Upcoming Dividend • Apr 25
Upcoming dividend of CHF11.00 per share at 5.7% yield Eligible shareholders must have bought the stock before 02 May 2023. Payment date: 04 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.7%. Within top quartile of Swiss dividend payers (4.3%). Higher than average of industry peers (4.4%). Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: CHF7.81 (vs CHF4.23 in FY 2021) Full year 2022 results: EPS: CHF7.81 (up from CHF4.23 in FY 2021). Revenue: CHF314.1m (up 17% from FY 2021). Net income: CHF23.4m (up 85% from FY 2021). Profit margin: 7.4% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Buying Opportunity • Mar 01
Now 21% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be CHF219, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 38%. Buying Opportunity • Feb 12
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be CHF220, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 38%. Buying Opportunity • Jan 18
Now 20% undervalued Over the last 90 days, the stock is up 8.4%. The fair value is estimated to be CHF218, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 38%. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Maya Bundt was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 27
Upcoming dividend of CHF11.00 per share Eligible shareholders must have bought the stock before 03 May 2022. Payment date: 05 May 2022. Trailing yield: 5.6%. Within top quartile of Swiss dividend payers (3.9%). Higher than average of industry peers (3.8%). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Maya Bundt was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 02
First half 2021 earnings released: EPS CHF0.34 (vs CHF1.69 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CHF106.8m (down 1.7% from 1H 2020). Net income: CHF1.03m (up CHF6.10m from 1H 2020). Profit margin: 1.0% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 23
Price target increased to CHF190 Up from CHF170, the current price target is an average from 2 analysts. New target price is 13% below last closing price of CHF219. Stock is up 24% over the past year. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS CHF4.42 (vs CHF13.95 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CHF263.6m (down 18% from FY 2019). Net income: CHF13.2m (down 68% from FY 2019). Profit margin: 5.0% (down from 13% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 02
New 90-day low: CHF183 The company is down 9.0% from its price of CHF201 on 02 December 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF174 per share. Is New 90 Day High Low • Nov 25
New 90-day high: CHF200 The company is up 10.0% from its price of CHF181 on 26 August 2020. The Swiss market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF132 per share. Is New 90 Day High Low • Oct 10
New 90-day high: CHF192 The company is up 11% from its price of CHF173 on 10 July 2020. The Swiss market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF135 per share.