Emmi AG (EMMN) AI Stock Analysis

• Market Cap: CHF3.95B
• Dividend Yield: 2.24%
• Average Volume (3M): 4.15K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 0.48
• Revenue Growth: 10.78%
• EPS Growth: 10.53%
• Country: CH
• Employees: 8,821
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 18.18
• Shares Outstanding: 5,349,810
• 10 Day Avg. Volume: 4,487
• 30 Day Avg. Volume: 4,150
• PEG Ratio: 0.98
• Price to Book (P/B): 3.96
• Price to Sales (P/S): 0.91
• P/FCF Ratio: 13.91
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF924.83
• Price Target Upside: 28.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: CHF800.00 ▲(11.27% Upside)

Emmi AG's overall stock score is driven primarily by its strong financial performance and robust cash flow generation, despite increased leverage. The technical analysis suggests a neutral market sentiment, while the valuation indicates the stock is fairly valued with a moderate dividend yield. The absence of earnings call and corporate events data did not impact the score.

Emmi AG Business Overview & Revenue Model

Company Description

Emmi AG (EMMN) is a leading Swiss dairy company engaged in the production and marketing of a wide range of dairy products. The company operates primarily in the sectors of cheese, yogurt, fresh dairy products, and milk-based beverages. Emmi is known for its high-quality products, innovation in dairy processing, and strong commitment to sustainability. Its portfolio includes both traditional Swiss dairy products and specialty items tailored for international markets, serving consumers and food service sectors alike.

How the Company Makes Money

Emmi AG generates revenue primarily through the sale of its diverse range of dairy products, which include cheese, yogurt, and fresh dairy items. The company operates through various segments, with key revenue streams coming from retail sales, food service channels, and exports. Emmi's strong brand portfolio and commitment to quality allow it to command premium prices for its products. Additionally, the company has established significant partnerships with retailers and distributors, enhancing its market reach. Strategic investments in innovation and sustainability further contribute to its competitive advantage and revenue growth.

Emmi AG Financial Statement Overview

Summary

Emmi AG exhibits a strong financial position with consistent revenue growth and robust cash flow generation. Despite challenges with EBIT in the latest year, the company maintained profitability and cash flow efficiency, demonstrating resilience and operational efficiency in the packaged foods industry. However, increased leverage poses potential risks.

Income Statement

Emmi AG demonstrates a stable revenue growth trend with revenue increasing from CHF 3.70 billion in 2020 to CHF 4.35 billion in 2024. The gross profit margin remained robust at around 38.3% in 2024. However, there was a drop in EBIT from CHF 260 million in 2023 to zero in 2024, impacting the EBIT margin negatively. The EBITDA margin slightly improved, showcasing efficient operations despite EBIT issues. Net profit margin improved over the years, indicating controlled costs and better net income management.

Balance Sheet

The company's debt-to-equity ratio increased significantly from 0.59 in 2019 to 1.34 in 2024, indicating higher leverage. However, Emmi AG maintained a healthy equity ratio of 29.6% in 2024, showing a strong equity position relative to its total assets. Return on equity showed improvement, pointing to efficient use of equity financing to generate profits.

Cash Flow

Emmi AG experienced positive free cash flow growth, with free cash flow increasing from CHF 199 million in 2019 to CHF 283 million in 2024. The operating cash flow to net income ratio was strong, indicating efficient conversion of net income into cash. The free cash flow to net income ratio also showed a healthy trend, suggesting strong cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.60B	4.35B	4.24B	4.23B	3.91B	3.71B
Gross Profit	1.39B	1.66B	1.56B	815.38M	786.31M	747.02M
EBITDA	454.49M	428.44M	371.78M	358.51M	390.72M	363.06M
Net Income	213.15M	220.29M	186.27M	182.55M	216.74M	188.39M
Balance Sheet
Total Assets	3.32B	3.36B	2.71B	2.64B	2.47B	2.34B
Cash, Cash Equivalents and Short-Term Investments	294.41M	306.75M	371.32M	204.12M	256.57M	296.03M
Total Debt	1.32B	1.33B	682.30M	693.91M	658.44M	471.35M
Total Liabilities	2.23B	2.23B	1.30B	1.35B	1.29B	1.10B
Stockholders Equity	959.33M	994.05M	1.29B	1.17B	1.08B	1.13B
Cash Flow
Free Cash Flow	264.18M	283.00M	222.62M	6.71M	103.85M	218.32M
Operating Cash Flow	398.60M	406.88M	370.14M	211.28M	261.26M	344.48M
Investing Cash Flow	-1.00B	-962.93M	-135.83M	-231.10M	-430.01M	-328.69M
Financing Cash Flow	500.03M	507.95M	-81.08M	-23.09M	121.29M	-91.91M

Emmi AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 719.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:EMMN, the sentiment is Positive. The current price of 719 is below the 20-day moving average (MA) of 724.35, below the 50-day MA of 726.04, and below the 200-day MA of 758.39, indicating a neutral trend. The MACD of 2.49 indicates Negative momentum. The RSI at 58.03 is Neutral, neither overbought nor oversold. The STOCH value of 91.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:EMMN.

Emmi AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EMMN	71 Outperform	CHF3.95B	18.52	18.34%	2.24%	10.78%	10.53%
ARYN	69 Neutral	CHF1.28B	12.94	24.18%	―	0.90%	30.62%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
BELL	60 Neutral	CHF1.38B	11.12	7.93%	3.18%	4.59%	-3.22%
ORON	39 Underperform	CHF84.08M	-1.95	―	―	-1.86%	-303.03%

Emmi AG Corporate Events

Emmi AG Increases Free Float with Shareholder Group Dissolution

Emmi AG announced the dissolution of a shareholder group, which increases the company’s free float from 41.59% to 46.65%, enhancing its visibility in the capital market. Despite the dissolution, ZMP Invest AG’s participation in Emmi remains at 53.35%, maintaining its significant stake in the company.