Swiss Prime Site AG

SWX:SPSN Stock Report

Market Cap: CHF 8.8b

Swiss Prime Site Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Discounted Cash Flow
Simply Wall St
CHF 54.21
Fair Value
103.5% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: SPSN (CHF110.3) is trading above our estimate of fair value (CHF54.21)

Significantly Below Fair Value: SPSN is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SPSN. This is calculated by dividing SPSN's market cap by their current earnings.
What is SPSN's PE Ratio?
PE Ratio24.6x
EarningsCHF 360.25m
Market CapCHF 8.85b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SPSN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
PSPN PSP Swiss Property
17x-6.8%CHF 6.4b
MOBN Mobimo Holding
17.5x-4.3%CHF 2.2b
ISN Intershop Holding
10.2x-20.3%CHF 1.2b
ZUGN Zug Estates Holding
18.2x-4.0%CHF 1.1b
SPSN Swiss Prime Site
24.6x2.8%CHF 8.8b

Price-To-Earnings vs Peers: SPSN is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

How does SPSN's PE Ratio compare vs other companies in the European Real Estate Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SPSN 24.6xIndustry Avg. 16.9xNo. of Companies34PE01224364860+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SPSN is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the European Real Estate industry average (16.9x).

Price to Earnings Ratio vs Fair Ratio

What is SPSN'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.

SPSN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.6x
Fair PE Ratio24.3x

Price-To-Earnings vs Fair Ratio: SPSN is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).

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 SPSN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 110.30
CHF 109.92
-0.3%
5.6%CHF 120.00CHF 102.00n/a6
Apr ’26CHF 109.60
CHF 109.08
-0.5%
6.8%CHF 120.00CHF 97.00n/a6
Mar ’26CHF 104.10
CHF 107.42
+3.2%
5.3%CHF 115.00CHF 97.00n/a6
Feb ’26CHF 104.10
CHF 102.50
-1.5%
5.2%CHF 110.00CHF 97.00n/a6
Jan ’26CHF 98.80
CHF 101.33
+2.6%
3.8%CHF 108.00CHF 97.00n/a6
Dec ’25CHF 97.35
CHF 100.50
+3.2%
5.0%CHF 108.00CHF 92.00n/a6
Nov ’25CHF 94.35
CHF 99.86
+5.8%
4.9%CHF 108.00CHF 92.00n/a7
Oct ’25CHF 95.55
CHF 98.50
+3.1%
4.0%CHF 105.00CHF 92.00n/a6
Sep ’25CHF 95.60
CHF 94.00
-1.7%
8.4%CHF 105.00CHF 80.00n/a6
Aug ’25CHF 88.05
CHF 93.17
+5.8%
8.1%CHF 105.00CHF 80.00n/a6
Jul ’25CHF 85.00
CHF 93.17
+9.6%
8.1%CHF 105.00CHF 80.00n/a6
Jun ’25CHF 83.30
CHF 93.17
+11.8%
8.1%CHF 105.00CHF 80.00n/a6
May ’25CHF 85.10
CHF 93.17
+9.5%
8.1%CHF 105.00CHF 80.00n/a6
Apr ’25CHF 85.05
CHF 92.50
+8.8%
8.3%CHF 105.00CHF 80.00CHF 109.606
Mar ’25CHF 85.30
CHF 91.83
+7.7%
8.7%CHF 105.00CHF 80.00CHF 104.106
Feb ’25CHF 87.10
CHF 91.50
+5.1%
9.8%CHF 105.00CHF 80.00CHF 104.106
Jan ’25CHF 89.85
CHF 90.67
+0.9%
9.9%CHF 105.00CHF 80.00CHF 98.806
Dec ’24CHF 88.00
CHF 87.80
-0.2%
7.9%CHF 96.00CHF 80.00CHF 97.355
Nov ’24CHF 83.85
CHF 87.80
+4.7%
7.9%CHF 96.00CHF 80.00CHF 94.355
Oct ’24CHF 83.95
CHF 87.20
+3.9%
8.1%CHF 96.00CHF 80.00CHF 95.555
Sep ’24CHF 83.60
CHF 88.67
+6.1%
8.1%CHF 96.00CHF 80.00CHF 95.606
Aug ’24CHF 84.40
CHF 87.40
+3.6%
8.3%CHF 96.00CHF 80.00CHF 88.055
Jul ’24CHF 77.65
CHF 87.40
+12.6%
8.3%CHF 96.00CHF 80.00CHF 85.005
Jun ’24CHF 76.65
CHF 87.40
+14.0%
8.3%CHF 96.00CHF 80.00CHF 83.305
May ’24CHF 80.85
CHF 89.50
+10.7%
7.1%CHF 96.00CHF 80.00CHF 85.106
Apr ’24CHF 76.05
CHF 90.83
+19.4%
9.0%CHF 104.00CHF 80.00CHF 85.056
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
CHF 109.92
Fair Value
0.3% overvalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/14 05:49
End of Day Share Price 2025/04/11 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Swiss Prime Site AG is covered by 13 analysts. 5 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
Eleanor FrewBarclays