PSP Swiss Property AG

BATS-CHIXE:PSPNz Stock Report

Market Cap: CHF 6.5b

PSP Swiss Property Valuation

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

Discounted Cash Flow
Simply Wall St
CHF 56.56
Fair Value
152.5% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: PSPNz (CHF142.8) is trading above our estimate of fair value (CHF56.56)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PSPNz. This is calculated by dividing PSPNz's market cap by their current earnings.
What is PSPNz's PE Ratio?
PE Ratio17.5x
EarningsCHF 374.95m
Market CapCHF 6.55b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PSPNz vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average69.3x
GRI Grainger
51.5x33.0%UK£1.6b
IWG International Workplace Group
121.9x45.4%UK£1.8b
SRE Sirius Real Estate
12.5x7.6%UK£1.4b
ASLI abrdn European Logistics Income
91.3xn/aUK£236.2m
PSPNz PSP Swiss Property
17.5x-5.6%CHF 6.5b

Price-To-Earnings vs Peers: PSPNz is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (69.3x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RAV Raven Property Group
0.3x-76.0%US$23.74m
CRC Circle Property
0.4xn/aUS$1.28m
No more companies available in this PE range
No. of Companies6PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PSPNz is good value based on its Price-To-Earnings Ratio (17.5x) compared to the European Real Estate industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is PSPNz'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.

PSPNz PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.5x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: PSPNz is good value based on its Price-To-Earnings Ratio (17.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

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 PSPNz forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 142.80
CHF 139.60
-2.2%
6.8%CHF 155.00CHF 125.00n/a10
Apr ’26CHF 139.30
CHF 136.30
-2.2%
6.2%CHF 155.00CHF 125.00n/a10
Mar ’26CHF 132.75
CHF 132.90
+0.1%
6.3%CHF 155.00CHF 125.00n/a10
Feb ’26CHF 134.70
CHF 132.90
-1.3%
6.3%CHF 155.00CHF 125.00n/a10
Jan ’26CHF 128.80
CHF 131.70
+2.3%
4.9%CHF 148.00CHF 125.00n/a10
Dec ’25CHF 128.30
CHF 131.70
+2.7%
4.9%CHF 148.00CHF 125.00n/a10
Nov ’25CHF 123.50
CHF 130.30
+5.5%
5.9%CHF 148.00CHF 117.00n/a10
Oct ’25CHF 124.85
CHF 128.20
+2.7%
3.8%CHF 135.00CHF 117.00n/a10
Sep ’25CHF 123.50
CHF 125.56
+1.7%
4.5%CHF 133.00CHF 115.00n/a9
Aug ’25CHF 117.80
CHF 123.44
+4.8%
4.2%CHF 130.00CHF 115.00n/a9
Jul ’25CHF 115.20
CHF 123.44
+7.2%
4.2%CHF 130.00CHF 115.00n/a9
Jun ’25CHF 113.00
CHF 124.25
+10.0%
4.0%CHF 130.00CHF 115.00n/a8
May ’25CHF 114.00
CHF 123.63
+8.4%
3.9%CHF 130.00CHF 115.00n/a8
Apr ’25CHF 118.65
CHF 122.38
+3.1%
3.4%CHF 128.00CHF 115.00CHF 139.308
Mar ’25CHF 113.15
CHF 121.25
+7.2%
5.9%CHF 130.00CHF 105.00CHF 132.758
Feb ’25CHF 115.10
CHF 120.63
+4.8%
7.1%CHF 130.00CHF 100.00CHF 134.708
Jan ’25CHF 117.45
CHF 119.25
+1.5%
7.1%CHF 130.00CHF 100.00CHF 128.808
Dec ’24CHF 114.80
CHF 116.57
+1.5%
6.7%CHF 128.00CHF 100.00CHF 128.307
Nov ’24CHF 110.25
CHF 115.71
+5.0%
7.1%CHF 128.00CHF 100.00CHF 123.507
Oct ’24CHF 108.30
CHF 115.71
+6.8%
7.1%CHF 128.00CHF 100.00CHF 124.857
Sep ’24CHF 106.90
CHF 113.75
+6.4%
7.5%CHF 128.00CHF 100.00CHF 123.508
Aug ’24CHF 102.90
CHF 114.33
+11.1%
7.0%CHF 128.00CHF 100.00CHF 117.809
Jul ’24CHF 99.75
CHF 114.33
+14.6%
7.0%CHF 128.00CHF 100.00CHF 115.209
Jun ’24CHF 97.50
CHF 114.89
+17.8%
7.4%CHF 128.00CHF 100.00CHF 113.009
May ’24CHF 104.90
CHF 118.00
+12.5%
7.8%CHF 128.00CHF 100.00CHF 114.009
Apr ’24CHF 103.70
CHF 119.22
+15.0%
6.7%CHF 128.00CHF 100.00CHF 118.659
AnalystConsensusTarget
Consensus Narrative from 10 Analysts
CHF 139.60
Fair Value
2.3% overvalued intrinsic discount
10
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/27 09:10
End of Day Share Price 2025/04/25 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

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
Eleanor FrewBarclays