How does PSPS.Y's PE Ratio compare to its peers?

PSPS.Y is good value based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (31.6x).

How does PSPS.Y's PE Ratio compare vs other companies in the US Real Estate Industry?

PSPS.Y is good value based on its Price-To-Earnings Ratio (23.2x) compared to the US Real Estate industry average (28.1x).

What is PSPS.Y'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.

Insufficient data to calculate PSPS.Y's Price-To-Earnings Fair Ratio for valuation analysis.

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

PSPS.Y ($24.9) is trading above our estimate of [[fair value]] ($13.87)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

PSPS.Y Stock Overview

Owns and manages real estate properties in Switzerland. More details

PSPS.Y fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	0/6
Financial Health	2/6
Dividends	5/6

Rewards

Price-To-Earnings ratio (23.2x) is below the Real Estate industry average (28.1x)

Earnings are forecast to grow 8.4% per year

Pays a reliable dividend of 3.29%

Risk Analysis

Shares are highly illiquid

Debt is not well covered by operating cash flow

Profit margins (61.2%) are lower than last year (88.2%)

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

PSP Swiss Property AG Competitors

LandBridge

NYSE:LB

US$4.5b

Copper Property CTL Pass Through Trust

OTCPK:CPPT.L

US$916.5m

FRP Holdings

NasdaqGS:FRPH

US$574.5m

New England Realty Associates Limited Partnership

NYSEAM:NEN

US$282.2m

Price History & Performance

Summary of share price highs, lows and changes for PSP Swiss Property
Historical stock prices
Current Share Price	CHF 24.90
52 Week High	CHF 28.00
52 Week Low	CHF 24.50
Beta	0.39
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	5.86%

Recent updates

Shareholder Returns

	PSPS.Y	US Real Estate	US Market
7D	0%	3.1%	2.8%
1Y	n/a	6.6%	24.5%

Return vs Industry: Insufficient data to determine how PSPS.Y performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how PSPS.Y performed against the US Market.

Price Volatility

Is PSPS.Y's price volatile compared to industry and market?
PSPS.Y volatility
PSPS.Y Average Weekly Movement	n/a
Real Estate Industry Average Movement	7.7%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.1%
10% least volatile stocks in US Market	3.1%

Stable Share Price: PSPS.Y has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine PSPS.Y's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1999	87	Giacomo Balzarini	www.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?
PSPS.Y fundamental statistics
Market cap	US$6.00b
Earnings (TTM)	US$258.52m
Revenue (TTM)	US$422.50m

23.2x

P/E Ratio

14.2x

P/S Ratio

Is PSPS.Y overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PSPS.Y income statement (TTM)
Revenue	CHF 378.45m
Cost of Revenue	CHF 46.08m
Gross Profit	CHF 332.37m
Other Expenses	CHF 100.81m
Earnings	CHF 231.56m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 20, 2024

Earnings per share (EPS)	5.05
Gross Margin	87.83%
Net Profit Margin	61.19%
Debt/Equity Ratio	62.4%

How did PSPS.Y perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

76%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/07/07 06:31
End of Day Share Price	2024/04/09 00:00
Earnings	2024/03/31
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Ruud Van Maanen	ABN AMRO Bank N.V.
Andreas von Arx	Baader Helvea Equity Research
Gerhard Schwarz	Baader Helvea Equity Research