APG|SGA SA

SWX:APGN Stock Report

Market Cap: CHF 611.0m

APG|SGA Valuation

Is APGN 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 APGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: APGN (CHF204) is trading below our estimate of fair value (CHF319.16)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for APGN. This is calculated by dividing APGN's market cap by their current earnings.
What is APGN's PE Ratio?
PE Ratio21.7x
EarningsCHF 28.15m
Market CapCHF 611.00m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for APGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.7x
TXGN TX Group
51.8x32.1%CHF 1.8b
4293 Septeni Holdings
36.4x16.1%JP¥93.8b
M8G Verve Group
31.8x44.3%€617.4m
PUBM PubMatic
43x4.6%US$777.2m
APGN APG|SGA
21.7xn/aCHF 611.0m

Price-To-Earnings vs Peers: APGN is good value based on its Price-To-Earnings Ratio (21.7x) compared to the peer average (41.4x).

Price to Earnings Ratio vs Industry

How does APGN's PE Ratio compare vs other companies in the European Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
APGN 21.7xIndustry Avg. 12.8xNo. of Companies18PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: APGN is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the European Media industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is APGN'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.

APGN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate APGN's Price-To-Earnings Fair Ratio for valuation analysis.

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 APGN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 204.00
CHF 235.50
+15.4%
1.9%CHF 240.00CHF 231.00n/a2
Dec ’25CHF 197.00
CHF 235.50
+19.5%
1.9%CHF 240.00CHF 231.00n/a2
Nov ’25CHF 196.00
CHF 235.50
+20.2%
1.9%CHF 240.00CHF 231.00n/a2
Oct ’25CHF 198.00
CHF 235.50
+18.9%
1.9%CHF 240.00CHF 231.00n/a2
Sep ’25CHF 196.00
CHF 235.50
+20.2%
1.9%CHF 240.00CHF 231.00n/a2
Aug ’25CHF 198.00
CHF 235.50
+18.9%
1.9%CHF 240.00CHF 231.00n/a2
Jul ’25CHF 195.50
CHF 248.50
+27.1%
3.4%CHF 257.00CHF 240.00n/a2
Jun ’25CHF 209.00
CHF 248.50
+18.9%
3.4%CHF 257.00CHF 240.00n/a2
May ’25CHF 208.00
CHF 248.50
+19.5%
3.4%CHF 257.00CHF 240.00n/a2
Apr ’25CHF 221.00
CHF 248.50
+12.4%
3.4%CHF 257.00CHF 240.00n/a2
Feb ’25CHF 188.50
CHF 216.00
+14.6%
1.9%CHF 220.00CHF 212.00n/a2
Jan ’25CHF 183.00
CHF 216.00
+18.0%
1.9%CHF 220.00CHF 212.00n/a2
Dec ’24CHF 173.00
CHF 216.00
+24.9%
1.9%CHF 220.00CHF 212.00CHF 197.002
Nov ’24CHF 167.50
CHF 216.00
+29.0%
1.9%CHF 220.00CHF 212.00CHF 196.002
Oct ’24CHF 180.00
CHF 216.00
+20.0%
1.9%CHF 220.00CHF 212.00CHF 198.002
Sep ’24CHF 181.00
CHF 216.00
+19.3%
1.9%CHF 220.00CHF 212.00CHF 196.002
Aug ’24CHF 181.00
CHF 216.00
+19.3%
1.9%CHF 220.00CHF 212.00CHF 198.002
Jul ’24CHF 187.00
CHF 210.50
+12.6%
4.5%CHF 220.00CHF 201.00CHF 195.502
Jun ’24CHF 183.50
CHF 210.50
+14.7%
4.5%CHF 220.00CHF 201.00CHF 209.002
May ’24CHF 197.00
CHF 210.50
+6.9%
4.5%CHF 220.00CHF 201.00CHF 208.002
Apr ’24CHF 177.50
CHF 210.50
+18.6%
4.5%CHF 220.00CHF 201.00CHF 221.002
Mar ’24CHF 173.50
CHF 210.50
+21.3%
4.5%CHF 220.00CHF 201.00CHF 214.002
Feb ’24CHF 178.50
CHF 210.50
+17.9%
4.5%CHF 220.00CHF 201.00CHF 188.502
Jan ’24CHF 160.50
CHF 210.00
+30.8%
4.8%CHF 220.00CHF 200.00CHF 183.002
Dec ’23CHF 150.50
CHF 205.50
+36.5%
7.1%CHF 220.00CHF 191.00CHF 173.002

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 13:57
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

APG|SGA SA is covered by 4 analysts. 2 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 FoethBank Vontobel AG
Ronald WildmannResearch Partners AG
Eugen PergerResearch Partners AG