PSP Swiss Property AG, together with its subsidiaries, owns and operates real estate properties in Switzerland.
Established dividend payer with acceptable track record.
Share Price & News
How has PSP Swiss Property's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PSPS.F's share price has been volatile over the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: Insufficient data to determine how PSPS.F performed against the US Real Estate industry.
Return vs Market: Insufficient data to determine how PSPS.F performed against the US Market.
Price Volatility Vs. Market
How volatile is PSP Swiss Property's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is PSP Swiss Property undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PSPS.F ($118.75) is trading above our estimate of fair value ($46.27)
Significantly Below Fair Value: PSPS.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PSPS.F is good value based on its PE Ratio (12.4x) compared to the Real Estate industry average (16.1x).
PE vs Market: PSPS.F is good value based on its PE Ratio (12.4x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: PSPS.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PSPS.F is overvalued based on its PB Ratio (1.2x) compared to the US Real Estate industry average (1.1x).
How is PSP Swiss Property forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PSPS.F's earnings are forecast to decline over the next 3 years (-3.6% per year).
Earnings vs Market: PSPS.F's earnings are forecast to decline over the next 3 years (-3.6% per year).
High Growth Earnings: PSPS.F's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PSPS.F's revenue (2% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: PSPS.F's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PSPS.F's Return on Equity is forecast to be low in 3 years time (4.6%).
How has PSP Swiss Property performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSPS.F has a large one-off gain of CHF224.2M impacting its March 31 2020 financial results.
Growing Profit Margin: PSPS.F's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: PSPS.F's earnings have grown significantly by 23.8% per year over the past 5 years.
Accelerating Growth: PSPS.F's earnings growth over the past year (21%) is below its 5-year average (23.8% per year).
Earnings vs Industry: PSPS.F earnings growth over the past year (21%) exceeded the Real Estate industry -6.4%.
Return on Equity
High ROE: PSPS.F's Return on Equity (9.4%) is considered low.
How is PSP Swiss Property's financial position?
Financial Position Analysis
Short Term Liabilities: PSPS.F's short term assets (CHF134.5M) do not cover its short term liabilities (CHF512.9M).
Long Term Liabilities: PSPS.F's short term assets (CHF134.5M) do not cover its long term liabilities (CHF3.1B).
Debt to Equity History and Analysis
Debt Level: PSPS.F's debt to equity ratio (59.4%) is considered high.
Reducing Debt: PSPS.F's debt to equity ratio has increased from 51.7% to 59.4% over the past 5 years.
Debt Coverage: PSPS.F's debt is not well covered by operating cash flow (8%).
Interest Coverage: PSPS.F's interest payments on its debt are well covered by EBIT (14.1x coverage).
What is PSP Swiss Property's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PSPS.F's dividend (3.16%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: PSPS.F's dividend (3.16%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Stability and Growth of Payments
Stable Dividend: PSPS.F's dividends per share have been stable in the past 10 years.
Growing Dividend: PSPS.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.2%), PSPS.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PSPS.F's dividends in 3 years are forecast to be covered by earnings (75.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Giacomo Balzarini (51yo)
Mr. Giacomo Balzarin, lic. oec. publ., MBA is Chief Executive Officer at PSP Swiss Property AG since April 1, 2017 and its Member of Executive Board since April 1, 2007. He serves as Chief Financial Offic ...
CEO Compensation Analysis
Compensation vs Market: Giacomo's total compensation ($USD2.23M) is below average for companies of similar size in the US market ($USD7.17M).
Compensation vs Earnings: Giacomo's compensation has increased by more than 20% in the past year.
|CEO, CFO & Member of the Executive Board||3.17yrs||CHF2.13m||0.11% CHF5.9m|
|COO & Member of the Executive Board||3.17yrs||CHF772.00k||0.0058% CHF314.9k|
|Chief Investment Officer & Member of the Executive Board||0.42yr||no data||no data|
|Chief Communications Officer||no data||no data||no data|
|Secretary of the Board||no data||no data||no data|
Experienced Management: PSPS.F's management team is considered experienced (3.2 years average tenure).
|Non-Executive Director||11.17yrs||CHF111.00k||no data|
|Non-Executive Director||13.17yrs||CHF91.00k||no data|
|Non-Executive Director||10.25yrs||CHF75.00k||0.0044% CHF237.9k|
|Non-Executive Chairman of the Board||3.17yrs||CHF160.00k||0.43% CHF23.6m|
|Non-Executive Director||6.17yrs||CHF78.00k||no data|
|Director||0.17yr||no data||no data|
|Non-Executive Director||11.17yrs||CHF78.00k||0.00037% CHF20.2k|
|Non-Executive Director||4.25yrs||CHF78.00k||0.00055% CHF30.0k|
Experienced Board: PSPS.F's board of directors are considered experienced (8.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PSP Swiss Property AG's company bio, employee growth, exchange listings and data sources
- Name: PSP Swiss Property AG
- Ticker: PSPS.F
- Exchange: OTCPK
- Founded: 1999
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: CHF5.220b
- Listing Market Cap: CHF5.457b
- Shares outstanding: 45.87m
- Website: https://www.psp.info
Number of Employees
- PSP Swiss Property AG
- Kolinplatz 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PSPS.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Mar 2000|
|PSPN||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Mar 2000|
|P7S||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Mar 2000|
|0QO8||LSE (London Stock Exchange)||Yes||Registered Shares||GB||CHF||Mar 2000|
PSP Swiss Property AG, together with its subsidiaries, owns and operates real estate properties in Switzerland. It operates through Real Estate Investments and Property Management segments. The company owns, operates, and leases office, retail and commercial, and storage properties; and parking spaces. As of December 31, 2018, it owned 163 office and commercial properties; and 11 development sites and individual projects primarily in Zurich, Geneva, Basel, Bern, and Lausanne. PSP Swiss Property AG was founded in 1999 and is based in Zug, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 03:09|
|End of Day Share Price||2020/06/04 00:00|
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.