SGS SA

Fr 101.95As of Sun 8 Nov 2026, 12:00 UTC

SWX:SGSNIndustrials

Country Switzerland

PE (Fwd) •••

TSR 10Y CAGR 5.99%

Div yield 3.14%

ROE 76.31%

Consulting Services

Beta (5Y) 0.56

PE TTM 30.01

TSR TTM 16.86%

Mkt cap Fr 20.15B

ROIC 15.14%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

Fr 106

3.69%

(22.94%)

Hold 9|2|7|4|0

TTM

FYE 31 Dec CHF

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

6.118

RevenueFr B

3.182

3.449

3.764

4.055

4.335

4.622

5.003

5.240

5.692

5.993

6.746

6.69%

7.16%

5.86

Revenue growth%

22.60

22.22

20.61

23.05

23.41

24.77

26.03

27.18

29.59

28.66

27.30

27.18

24.09

7.17

Gross margin%

23.90

22.79

20.15

18.05

15.60

18.50

19.88

22.28

21.36

20.67

16.71

20.67

20.41

19.12

Operating margin%

17.98

19.07

16.63

15.08

14.55

16.57

15.77

13.06

13.76

15.63

16.22

15.63

15.70

13.94

Net margin%

23.15

24.00

25.35

27.99

30.36

27.96

29.23

32.15

29.55

27.43

19.36

29.23

27.97

11.82

P/E ratio (avg)x

55.65

62.29

69.89

68.01

68.90

79.05

83.44

96.38

96.54

98.08

22.83

96.38

74.47

21.22

EV/EBITx

39.94

43.38

45.68

45.75

44.47

47.23

47.77

55.18

64.98

69.55

13.04

55.18

46.49

3.54

FCF yield (avg)%

17.19

18.31

16.28

19.03

21.78

23.28

21.81

22.13

24.79

25.90

25.10

23.28

21.80

9.18

FCF margin%

26.73

29.17

26.73

26.43

28.71

28.98

29.75

32.27

32.99

30.01

19.91

30.01

29.08

1.399

FCF / Net incomex

1.003

1.141

1.220

1.204

1.240

1.333

1.534

1.809

2.071

2.089

0.327

1.809

1.286

28.10

ROIC%

8.13

6.70

7.57

5.12

6.55

9.02

7.26

9.56

11.07

11.49

24.43

9.56

7.85

2.68

Return on equity%

31.55

29.20

31.65

29.55

31.90

30.41

28.81

28.05

30.61

31.09

4.80

30.41

30.51

5.47

Return on assets%

31.44

31.14

31.55

28.83

28.41

29.95

32.28

31.19

31.12

28.84

8.75

31.12

31.13

7.23

EPSFr

3.63

3.48

4.02

3.75

3.91

4.00

4.38

4.28

4.29

4.58

7.94

3.20%

3.54%

—

3.81

EPS growth%

16.33

17.02

16.41

14.47

15.40

16.75

15.79

14.81

16.29

18.87

16.55

16.29

16.31

1.68

Bookvalue per shFr

9.99

10.98

9.98

9.87

9.24

8.98

9.60

9.61

9.67

9.98

5.47

1.53%

(0.18%)

—

5.94

FCF per shareFr

3.45

3.49

3.32

3.15

3.40

3.07

2.81

2.71

2.67

2.87

9.06

(3.36%)

(1.67%)

—

8.93

Dividend per shFr

6.03

5.90

5.46

4.99

5.16

4.69

3.99

3.85

3.77

3.47

8.40

(7.62%)

(5.42%)

—

22.97

Div yield (avg)%

20.99

21.72

20.57

20.23

18.33

15.68

18.16

16.95

16.03

16.59

11.07

16.59

18.25

3.63

Payout ratio%

20.17

22.58

21.79

23.18

24.68

27.49

29.65

30.74

30.84

32.19

11.19

30.74

26.09

198.3

Shares (diluted)M

263.9

269.9

279.8

308.5

292.2

298.8

303.1

338.6

354.9

398.3

193.6

6.39%

4.11%

11.89

Buyback yield%

3.42

4.67

5.32

3.03

2.38

0.40

2.81

0.43

0.40

21.80

0.40

2.59

1.543

D/E ratiox

1.326

1.242

1.347

1.332

1.414

1.626

1.556

1.772

1.858

1.766

1.055

1.766

1.485

3.637

Enterprise valueFr B

3.283

2.952

3.293

3.678

3.699

3.717

3.781

3.782

3.610

3.838

1.592

0.74%

2.57%

3.582

LT debtFr B

2.136

1.953

2.040

2.111

1.972

2.073

2.179

2.307

2.044

1.996

1.114

0.24%

0.08%

Peers (US$24.71B)

Cap (US$)

Kuehne + Nagel…

34.30B

28.71x

Geberit AG

23.02B

30.10x

VAT Group AG

18.99B

74.76x

AerCap Holdings N.V.

25.29B

8.743x

Capital

TTM

10Y

Leveragex

1.603

0.130

0.118

EBIT/Intx

1.026

0.530

0.403

Own earn%

8.33

(19.14)

(15.68)

Sh yield%

34.86

16.99

20.24

Owners

Insiders/Inst%

0.47

37.73

Short interest%

2.06

SBC / revenue%

4.41

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

13–19

$1 testx

—

Incr. ROIC%

SGS SA operates as a testing, inspection, and certification company in the Asia Pacific, Europe, North America, Eastern Europe, the Middle East and Africa, and America. It operates in two segments, Testing & Inspection and Certification.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

Fr 5.993B

7.16%

1.00×

Cost of revenue

Fr 3.229B

7.26%

1.01×

Operating expenses

Fr 1.066B

6.77%

0.96×