SGS Valuation

Q: What is the Fair Price of 0QMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0QMI (CHF87.25) is trading below our estimate of [[fair value]] (CHF119.69)

Is 0QMI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 0QMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QMI (CHF87.25) is trading below our estimate of fair value (CHF119.69)

Significantly Below Fair Value: 0QMI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QMI?

Key metric: As 0QMI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QMI. This is calculated by dividing 0QMI's market cap by their current earnings.
What is 0QMI's PE Ratio?
PE Ratio	29.6x
Earnings	CHF 548.00m
Market Cap	CHF 16.21b

0QMI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.9x
Enterprise Value/EBITDA	17x
PEG Ratio	2.5x

Price to Earnings Ratio vs Peers

How does 0QMI's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	36.6x
ITRK Intertek Group	23.6x	10.2%	UK£7.3b
EXPN Experian	37.3x	12.7%	UK£35.1b
REL RELX	36.3x	8.1%	UK£68.7b
DATA GlobalData	49.1x	27.7%	UK£1.6b
0QMI SGS	29.6x	11.9%	CHF 16.2b

Price-To-Earnings vs Peers: 0QMI is good value based on its Price-To-Earnings Ratio (29.6x) compared to the peer average (36.6x).

Price to Earnings Ratio vs Industry

How does 0QMI's PE Ratio compare vs other companies in the GB Professional Services Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
IBPO iEnergizer	1.7x	n/a	US$140.06m
TEK Tekcapital	1.5x	n/a	US$20.77m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 0QMI is expensive based on its Price-To-Earnings Ratio (29.6x) compared to the UK Professional Services industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is 0QMI'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.

0QMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	29.6x
Fair PE Ratio	32.3x

Price-To-Earnings vs Fair Ratio: 0QMI is good value based on its Price-To-Earnings Ratio (29.6x) compared to the estimated Fair Price-To-Earnings Ratio (32.3x).

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 0QMI forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 87.25	CHF 92.94 +6.5%	8.8%	CHF 109.00	CHF 79.00	n/a	19
Nov ’25	CHF 92.44	CHF 92.99 +0.6%	8.7%	CHF 109.00	CHF 80.00	n/a	19
Oct ’25	CHF 94.62	CHF 92.63 -2.1%	9.0%	CHF 108.00	CHF 78.00	n/a	19
Sep ’25	CHF 94.93	CHF 92.02 -3.1%	9.9%	CHF 106.00	CHF 73.00	n/a	20
Aug ’25	CHF 95.74	CHF 91.70 -4.2%	10.1%	CHF 106.00	CHF 73.00	n/a	20
Jul ’25	CHF 80.13	CHF 87.82 +9.6%	7.8%	CHF 100.00	CHF 73.00	n/a	20
Jun ’25	CHF 83.90	CHF 88.23 +5.2%	8.3%	CHF 100.00	CHF 73.00	n/a	19
May ’25	CHF 81.06	CHF 88.18 +8.8%	8.3%	CHF 100.00	CHF 73.00	n/a	19
Apr ’25	CHF 87.49	CHF 87.39 -0.1%	8.1%	CHF 100.00	CHF 73.00	n/a	19
Mar ’25	CHF 84.74	CHF 86.63 +2.2%	7.6%	CHF 95.00	CHF 73.00	n/a	18
Feb ’25	CHF 80.14	CHF 86.20 +7.6%	9.1%	CHF 101.00	CHF 73.00	n/a	18
Jan ’25	CHF 72.33	CHF 85.81 +18.6%	10.4%	CHF 101.00	CHF 66.00	n/a	18
Dec ’24	CHF 74.66	CHF 85.95 +15.1%	10.4%	CHF 101.00	CHF 66.00	n/a	18
Nov ’24	CHF 73.41	CHF 88.19 +20.1%	7.5%	CHF 101.00	CHF 77.00	CHF 92.44	16
Oct ’24	CHF 77.02	CHF 88.19 +14.5%	7.5%	CHF 101.00	CHF 77.00	CHF 94.62	16
Sep ’24	CHF 80.66	CHF 88.59 +9.8%	7.7%	CHF 101.00	CHF 77.00	CHF 94.93	17
Aug ’24	CHF 84.48	CHF 88.23 +4.4%	8.1%	CHF 103.00	CHF 77.00	CHF 95.74	18
Jul ’24	CHF 84.56	CHF 90.86 +7.4%	8.6%	CHF 104.00	CHF 75.00	CHF 80.13	18
Jun ’24	CHF 81.50	CHF 90.69 +11.3%	9.3%	CHF 104.00	CHF 76.00	CHF 83.90	19
May ’24	CHF 80.57	CHF 90.26 +12.0%	9.1%	CHF 104.00	CHF 76.00	CHF 81.06	18
Apr ’24	CHF 80.62	CHF 92.10 +14.2%	14.6%	CHF 136.00	CHF 76.00	CHF 87.49	17
Mar ’24	CHF 86.92	CHF 92.57 +6.5%	14.2%	CHF 136.00	CHF 76.00	CHF 84.74	17
Feb ’24	CHF 89.80	CHF 93.53 +4.1%	13.7%	CHF 136.00	CHF 77.64	CHF 80.14	16
Jan ’24	CHF 86.65	CHF 96.27 +11.1%	13.6%	CHF 136.00	CHF 77.64	CHF 72.33	17
Dec ’23	CHF 89.68	CHF 96.38 +7.5%	13.5%	CHF 136.00	CHF 77.64	CHF 74.66	17
Nov ’23	CHF 87.60	CHF 96.62 +10.3%	13.4%	CHF 136.00	CHF 77.64	CHF 73.41	18

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