CPH CHEMIE + PAPIER HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 87.4 CHF | -0.46% |
|
+1.63% | +2.82% |
| Mar. 20 | CPH Chemie + Papier to Separate Paper Business from Chemistry, Packaging Operations | MT |
| Mar. 20 | CPH Chemie + Papier Holding AG agreed to Spin-Off Paper business. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 475.1 | 435.6 | 366 | 468 | 510 | 524 | - | - |
| Enterprise Value (EV) 1 | 504.6 | 437.1 | 380.6 | 423 | 403 | 424.5 | 405.8 | 398.8 |
| P/E ratio | 9.83 x | 9.28 x | -2.41 x | 4.63 x | 6.46 x | 21 x | 11 x | 8.99 x |
| Yield | 2.27% | 2.48% | 2.13% | 5.77% | 4.71% | 2.15% | 3.72% | 5.43% |
| Capitalization / Revenue | 0.91 x | 0.98 x | 0.74 x | 0.65 x | 0.82 x | 0.91 x | 0.84 x | 0.82 x |
| EV / Revenue | 0.96 x | 0.98 x | 0.77 x | 0.58 x | 0.65 x | 0.74 x | 0.65 x | 0.63 x |
| EV / EBITDA | 5.73 x | 7.92 x | 14.8 x | 3.23 x | 3.95 x | 8.84 x | 5.26 x | 4.45 x |
| EV / FCF | 12.9 x | 11 x | -113 x | 6.22 x | 4.39 x | 17.1 x | 14.1 x | 9.44 x |
| FCF Yield | 7.73% | 9.08% | -0.89% | 16.1% | 22.8% | 5.84% | 7.08% | 10.6% |
| Price to Book | 1.08 x | 0.93 x | 1.18 x | 1.18 x | 1.17 x | 1.2 x | 1.12 x | 1.04 x |
| Nbr of stocks (in thousands) | 5,999 | 5,999 | 6,000 | 6,000 | 6,000 | 5,995 | - | - |
| Reference price 2 | 79.20 | 72.60 | 61.00 | 78.00 | 85.00 | 87.40 | 87.40 | 87.40 |
| Announcement Date | 2/25/20 | 2/23/21 | 2/23/22 | 2/21/23 | 2/11/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 524.7 | 445.2 | 496.7 | 725.4 | 624 | 573.5 | 624.2 | 636.9 |
| EBITDA 1 | 87.99 | 55.2 | 25.72 | 131.1 | 102 | 48.04 | 77.13 | 89.72 |
| EBIT 1 | 56.6 | 24.7 | -2.667 | 112.5 | 82.8 | 31.2 | 56.68 | 69.26 |
| Operating Margin | 10.79% | 5.55% | -0.54% | 15.5% | 13.27% | 5.44% | 9.08% | 10.88% |
| Earnings before Tax (EBT) 1 | - | 38.9 | -6.526 | 108.2 | 79.98 | 29.15 | 52.3 | 57.5 |
| Net income 1 | 48.34 | 47 | -151.6 | 101 | 78.88 | 25.23 | 48.02 | 58.63 |
| Net margin | 9.21% | 10.56% | -30.51% | 13.92% | 12.64% | 4.4% | 7.69% | 9.21% |
| EPS 2 | 8.060 | 7.820 | -25.26 | 16.83 | 13.15 | 4.158 | 7.968 | 9.724 |
| Free Cash Flow 1 | 38.98 | 39.7 | -3.38 | 68.01 | 91.86 | 24.8 | 28.73 | 42.24 |
| FCF margin | 7.43% | 8.92% | -0.68% | 9.38% | 14.72% | 4.32% | 4.6% | 6.63% |
| FCF Conversion (EBITDA) | 44.3% | 71.92% | - | 51.88% | 90.06% | 51.63% | 37.24% | 47.09% |
| FCF Conversion (Net income) | 80.64% | 84.47% | - | 67.37% | 116.45% | 98.3% | 59.82% | 72.05% |
| Dividend per Share 2 | 1.800 | 1.800 | 1.300 | 4.500 | 4.000 | 1.875 | 3.250 | 4.750 |
| Announcement Date | 2/25/20 | 2/23/21 | 2/23/22 | 2/21/23 | 2/11/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 257.2 | 231.8 | 213.4 | 243.7 | 359.9 | 365.5 | 331.8 | 292.2 | 281 | 301.5 |
| EBITDA 1 | - | 33.52 | - | 19.98 | 61.69 | - | 61.98 | 40.03 | 24.9 | 21.1 |
| EBIT 1 | 24.6 | 17.8 | 6.9 | 5.736 | 51.88 | 60.58 | 52.96 | 29.84 | 21.6 | 4.7 |
| Operating Margin | 9.57% | 7.68% | 3.23% | 2.35% | 14.42% | 16.58% | 15.96% | 10.21% | 7.69% | 1.56% |
| Earnings before Tax (EBT) | - | - | - | - | 48.82 | 59.36 | 69.1 | 10.88 | - | - |
| Net income | - | 27.36 | 19.64 | 5.831 | 47.41 | 53.55 | 60.58 | 18.3 | - | - |
| Net margin | - | 11.81% | 9.2% | 2.39% | 13.17% | 14.65% | 18.26% | 6.26% | - | - |
| EPS | - | 4.560 | 3.260 | - | 7.900 | 8.930 | 10.10 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/25/20 | 7/21/20 | 2/23/21 | 7/23/21 | 7/22/22 | 2/21/23 | 7/20/23 | 2/11/24 | - | - |
1CHF in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 29.5 | 1.5 | 14.6 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 45 | 107 | 99.5 | 118 | 125 |
| Leverage (Debt/EBITDA) | 0.3353 x | 0.0272 x | 0.5689 x | - | - | - | - | - |
| Free Cash Flow 1 | 39 | 39.7 | -3.38 | 68 | 91.9 | 24.8 | 28.7 | 42.2 |
| ROE (net income / shareholders' equity) | 11.4% | 7.67% | -38.7% | 28.5% | 18.9% | 5.81% | 9.98% | 11.3% |
| ROA (Net income/ Total Assets) | - | 6.68% | - | 16.5% | 12.5% | 4% | 7% | - |
| Assets 1 | - | 703.4 | - | 613.3 | 632.2 | 630.7 | 686 | - |
| Book Value Per Share 2 | 73.60 | 78.50 | 51.50 | 66.40 | 72.70 | 72.80 | 78.40 | 84.10 |
| Cash Flow per Share 2 | - | - | - | - | 18.30 | 14.50 | 15.00 | - |
| Capex 1 | 22.9 | 17.5 | 23 | 32.9 | 33.8 | 26.2 | 30.7 | 25 |
| Capex / Sales | 4.36% | 3.93% | 4.62% | 4.53% | 5.41% | 4.57% | 4.92% | 3.93% |
| Announcement Date | 2/25/20 | 2/23/21 | 2/23/22 | 2/21/23 | 2/11/24 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
87.4
CHF
Average target price
96.65
CHF
Spread / Average Target
+10.58%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.82% | 573M | |
| -5.32% | 110M | |
| -2.11% | 56.83M |
- Stock Market
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- Financials CPH Chemie + Papier Holding AG
