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PSP Swiss Property SWX:PSPN Stock Report

Last Price

CHF 127.00

Market Cap

CHF 5.8b

7D

0%

1Y

7.5%

Updated

22 Dec, 2024

Data

Company Financials +

PSP Swiss Property AG

SWX:PSPN Stock Report

Market Cap: CHF 5.8b

PSPN Stock Overview

Owns and manages real estate properties in Switzerland. More details

PSPN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends5/6

Rewards

Price-To-Earnings ratio (20.9x) is below the Real Estate industry average (27.2x)

Earnings grew by 38.2% over the past year

Pays a reliable dividend of 3.03%

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 2% per year for the next 3 years


My Notes

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WA
Analyst Price Target
Consensus Narrative from 10 Analysts

Low-Yield Investments In Zurich And Geneva Will Increase Costs And Pressure Net Margins

Key Takeaways Low-yield investments in CBDs may increase acquisition costs, pressuring net margins amid worsening economic conditions. Pipeline projects may boost long-term growth, but entail upfront costs and risks, impacting short-term earnings.
View narrative
CHF 131.70
FV
3.6% undervalued intrinsic discount
1.44%
Revenue growth p.a.
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1users have followed this narrative
3 days ago author updated this narrative

PSP Swiss Property AG Competitors

Swiss Prime Site

SWX:SPSN

CHF 7.5b

Mobimo Holding

SWX:MOBN

CHF 2.1b

Intershop Holding

SWX:ISN

CHF 1.2b

EPIC Suisse

SWX:EPIC

CHF 805.7m

Price History & Performance

Summary of share price highs, lows and changes for PSP Swiss Property
Historical stock prices
Current Share PriceCHF 127.00
52 Week HighCHF 129.20
52 Week LowCHF 110.90
Beta0.41
1 Month Change1.68%
3 Month Change2.01%
1 Year Change7.54%
3 Year Change14.72%
5 Year Change-6.20%
Change since IPO236.42%

Recent News & Updates

PSP Swiss Property AG's (VTX:PSPN) Business Is Yet to Catch Up With Its Share Price

Dec 12
PSP Swiss Property AG's (VTX:PSPN) Business Is Yet to Catch Up With Its Share Price

Solid Earnings May Not Tell The Whole Story For PSP Swiss Property (VTX:PSPN)

Nov 20
Solid Earnings May Not Tell The Whole Story For PSP Swiss Property (VTX:PSPN)

Recent updates

PSP Swiss Property AG's (VTX:PSPN) Business Is Yet to Catch Up With Its Share Price

Dec 12
PSP Swiss Property AG's (VTX:PSPN) Business Is Yet to Catch Up With Its Share Price

Solid Earnings May Not Tell The Whole Story For PSP Swiss Property (VTX:PSPN)

Nov 20
Solid Earnings May Not Tell The Whole Story For PSP Swiss Property (VTX:PSPN)

PSP Swiss Property (VTX:PSPN) Has A Pretty Healthy Balance Sheet

Nov 13
PSP Swiss Property (VTX:PSPN) Has A Pretty Healthy Balance Sheet

Is PSP Swiss Property (VTX:PSPN) A Risky Investment?

Aug 09
Is PSP Swiss Property (VTX:PSPN) A Risky Investment?

PSP Swiss Property AG's (VTX:PSPN) Business Is Yet to Catch Up With Its Share Price

Jun 04
PSP Swiss Property AG's (VTX:PSPN) Business Is Yet to Catch Up With Its Share Price

PSP Swiss Property AG's (VTX:PSPN) CEO Compensation Is Looking A Bit Stretched At The Moment

Mar 29
PSP Swiss Property AG's (VTX:PSPN) CEO Compensation Is Looking A Bit Stretched At The Moment

PSP Swiss Property (VTX:PSPN) Is Increasing Its Dividend To CHF3.85

Mar 14
PSP Swiss Property (VTX:PSPN) Is Increasing Its Dividend To CHF3.85

Does PSP Swiss Property (VTX:PSPN) Have A Healthy Balance Sheet?

Jan 30
Does PSP Swiss Property (VTX:PSPN) Have A Healthy Balance Sheet?

Shareholder Returns

PSPNCH Real EstateCH Market
7D0%0.4%-2.3%
1Y7.5%7.2%0.7%

Return vs Industry: PSPN matched the Swiss Real Estate industry which returned 7.2% over the past year.

Return vs Market: PSPN exceeded the Swiss Market which returned 0.7% over the past year.

Price Volatility

Is PSPN's price volatile compared to industry and market?
PSPN volatility
PSPN Average Weekly Movement1.7%
Real Estate Industry Average Movement1.6%
Market Average Movement3.2%
10% most volatile stocks in CH Market7.4%
10% least volatile stocks in CH Market1.6%

Stable Share Price: PSPN has not had significant price volatility in the past 3 months compared to the Swiss market.

Volatility Over Time: PSPN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199986Giacomo Balzariniwww.psp.info

PSP Swiss Property AG, together with its subsidiaries, owns and manages real estate properties in Switzerland. The company owns office and commercial properties. PSP Swiss Property AG was incorporated in 1999 and is based in Zug, Switzerland.

PSP Swiss Property AG Fundamentals Summary

How do PSP Swiss Property's earnings and revenue compare to its market cap?
PSPN fundamental statistics
Market capCHF 5.83b
Earnings (TTM)CHF 278.19m
Revenue (TTM)CHF 355.95m

20.9x

P/E Ratio

16.4x

P/S Ratio

Is PSPN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PSPN income statement (TTM)
RevenueCHF 355.95m
Cost of RevenueCHF 30.89m
Gross ProfitCHF 325.06m
Other ExpensesCHF 46.87m
EarningsCHF 278.19m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 25, 2025

Earnings per share (EPS)6.07
Gross Margin91.32%
Net Profit Margin78.16%
Debt/Equity Ratio64.8%

How did PSPN perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

63%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:20
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
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

PSP Swiss Property AG is covered by 22 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ruud Van MaanenABN AMRO Bank N.V.
Andreas von ArxBaader Helvea Equity Research
Gerhard SchwarzBaader Helvea Equity Research