Emmi AG (EMMN) AI Stock Analysis

• Market Cap: $3.88B
• Dividend Yield: 2.28%
• Average Volume (3M): 5.77K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 0.53
• 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: 6,157
• 30 Day Avg. Volume: 5,770
• 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: 1.39
• Enterprise Value/Revenue: 1.17
• Enterprise Value/Gross Profit: 3.88
• Enterprise Value/Ebitda: 11.87
• 1Y Price Target: $861.25
• Price Target Upside: 18.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 70 Outperform
• Price Target: CHF869.00 ▲(20.03% Upside)

Emmi AG's overall stock score is driven by its strong financial performance and fair valuation. The company's consistent revenue growth and robust cash flow generation are significant strengths. Technical indicators suggest a neutral to slightly bearish trend, which tempers the overall score. The absence of earnings call data and corporate events means these factors do not influence the score.

Emmi AG Business Overview & Revenue Model

Company Description

Emmi AG (EMMN) is a Swiss dairy company that operates primarily in the production and distribution of dairy products, including cheeses, yogurts, and milk-based beverages. Founded in 1907, Emmi has established itself as a leading player in the dairy sector, focusing on high-quality, innovative products across both traditional and modern markets. The company is active in various segments, including fresh dairy products, cheese, and specialty products, and has a strong international presence, exporting to numerous countries worldwide.

How the Company Makes Money

Emmi AG generates revenue through several key streams, primarily by selling a diverse range of dairy products to both retail and food service sectors. The company's revenue model is based on the production and sale of high-quality cheese, yogurts, and other dairy items, which are marketed under its own brand as well as private labels. Significant partnerships with retailers and distributors enhance its market reach, while its focus on innovation and premium products allows for higher pricing strategies. Additionally, Emmi benefits from exporting its products to international markets, contributing to its overall revenue growth. The company also invests in sustainability and efficiency, which helps reduce costs and improve profit margins.

Emmi AG Financial Statement Overview

Summary

Emmi AG exhibits a strong financial position with consistent revenue growth and robust cash flow generation. However, increased leverage and a drop in EBIT in the latest year pose potential risks. Despite these challenges, the company maintained profitability and cash flow efficiency.

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: Neutral
• Last Price: 724.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:EMMN, the sentiment is Neutral. The current price of 724 is above the 20-day moving average (MA) of 703.95, below the 50-day MA of 724.40, and below the 200-day MA of 768.01, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 56.02 is Neutral, neither overbought nor oversold. The STOCH value of 63.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CH:EMMN.

Emmi AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EMMN	70 Outperform	$3.88B	18.20	18.34%	2.28%	10.78%	10.53%
ARYN	69 Neutral	CHF1.26B	12.73	24.18%	―	0.90%	30.62%
BELL	64 Neutral	CHF1.52B	12.26	7.93%	2.92%	4.59%	-3.22%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ORON	42 Neutral	CHF89.30M	5.66	―	18.84%	-0.16%	-241.84%

Emmi AG Corporate Events

MIBA Cooperative Increases Emmi AG’s Free Float with Share Placement

MIBA Cooperative has successfully placed 110,000 registered shares of Emmi AG on the market, increasing the free float of Emmi’s capital from 39.5% to 41.6%. This strategic move was primarily targeted at institutional investors through Accelerated Bookbuilding, while MIBA has committed to a 12-month lock-up period, maintaining its position as a stable, long-term shareholder.

The most recent analyst rating on (CH:EMMN) stock is a Buy with a CHF1050.00 price target. To see the full list of analyst forecasts on Emmi AG stock, see the CH:EMMN Stock Forecast page.

MIBA Cooperative to Increase Emmi AG’s Free Float with Share Sale

The MIBA Cooperative plans to sell 110,000 registered shares of Emmi AG, increasing the company’s free float from 39.5% to 41.6%. This private placement to institutional investors in Switzerland and the UK is part of MIBA’s strategy to diversify its assets while maintaining a long-term stake in Emmi AG. The transaction is managed by Zürcher Kantonalbank, with completion expected by June 19, 2025.

The most recent analyst rating on (CH:EMMN) stock is a Buy with a CHF1050.00 price target. To see the full list of analyst forecasts on Emmi AG stock, see the CH:EMMN Stock Forecast page.