EPIC Suisse Ltd. (EPIC) AI Stock Analysis

• Market Cap: CHF1.01B
• Dividend Yield: N/A
• Average Volume (3M): 666.00
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.15
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CH
• Employees: 18
• Sector: Financial
• Sector Strength: 70
• Industry: Real Estate - Services
• EPS (TTM): N/A
• Shares Outstanding: 11,205,076
• 10 Day Avg. Volume: 445
• 30 Day Avg. Volume: 666
• PEG Ratio: 0.11
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 12.65
• P/FCF Ratio: 19.04
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 3.79
• Revenue Forecast (FY): CHF73.10M

• Rating: 69 Neutral
• Price Target: CHF94.00 ▲(11.11% Upside)
• Action: N/A Date: 01/24/26
• Date: Action: N/A 01/24/26

The score is driven primarily by solid financial performance with notable risks from declining 2024 revenue, volatile earnings/margins, and meaningful leverage. Technicals are supportive with price above key moving averages and positive MACD, while valuation is reasonable with a moderate P/E and an attractive dividend yield.

Positive Factors

Cash generation

Consistent operating and free cash flow indicates the business generates internal funding for operations, capex, and distributions. Durable cash generation supports reinvestment and debt servicing, providing financial flexibility even if revenue growth stalls.

Historic profitability

Sustained high margins suggest structural advantages in pricing, cost base or service mix that have produced outsized net income historically. This margin strength underpins cash flow and resilience, enabling ongoing investment and potential returns to shareholders.

Large asset base & stable equity

A sizable asset base and stable equity provide scale and collateral, important in real-estate services for credibility with clients and lenders. This structural capital position supports long-term operations, financing access, and the ability to deploy assets strategically.

Negative Factors

Meaningful leverage

A debt-to-equity ratio near 0.82 indicates meaningful leverage that reduces financial flexibility. In cyclical or slower-growth periods, higher debt amplifies refinancing and interest risk, constraining capital allocation and elevating vulnerability to cash-flow shocks.

Revenue decline

A material revenue drop weakens the top-line foundation needed to sustain margins and cover fixed costs. Structural or recurring revenue declines over multiple periods can limit reinvestment capacity, challenge customer retention, and hamper long-term growth prospects.

Earnings quality / cash conversion

Cash conversion materially below one suggests net income is not fully translating into cash, due to working capital or non-cash items. Persistently weak conversion raises concerns about earnings quality and limits free cash available for debt reduction or strategic investment.

EPIC Suisse Ltd. Business Overview & Revenue Model

Company Description

EPIC Suisse AG operates as a real estate company in Switzerland. The company operates through Investment Properties in Operation; and Investment Properties under Development/Construction segments. The company invests in and manages properties. Its property portfolio includes office buildings, logistical/industrial sites, and shopping centres. EPIC Suisse AG was founded in 2004 and is headquartered in Zurich, Switzerland.

How the Company Makes Money

EPIC Suisse Ltd. Financial Statement Overview

Summary

Strong reported profitability and solid operating/free cash flow, but 2024 revenue declined (~13.5% YoY), margins appear volatile across years, cash conversion lagged net income in 2024 (~0.73x), and leverage is meaningful (debt-to-equity ~0.82), reducing flexibility.

Income Statement

Profitability appears very strong, with consistently high gross profit and outsized net income margins across most years (notably 2021–2022), and solid earnings in 2024. However, revenue has been relatively flat over the period and declined in 2024 (down ~13.5% year-over-year), and the large swings in profit margins year-to-year suggest earnings may be volatile or influenced by non-recurring items.

Balance Sheet

The company carries meaningful leverage: 2024 total debt is ~675m versus ~820m of equity (debt-to-equity ~0.82), which is manageable but reduces flexibility in a weaker operating environment. Asset base is sizable (~1.64bn) and equity has remained relatively stable, but the elevated debt load remains a key balance sheet risk.

Cash Flow

Cash generation is solid, with 2024 operating cash flow of ~44m and free cash flow roughly matching operating cash flow, indicating limited drag from capital spending. That said, free cash flow was slightly down year-over-year in 2024 and operating cash flow covers net income at ~0.73x in 2024, implying reported profits are running ahead of cash conversion in the most recent period.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	80.54M	66.17M	65.33M	61.48M	58.62M	56.50M
Gross Profit	0.00	59.67M	58.67M	55.12M	53.14M	49.16M
EBITDA	63.39M	71.27M	33.46M	71.11M	100.61M	40.87M
Net Income	64.41M	47.28M	17.63M	56.37M	77.49M	34.38M
Balance Sheet
Total Assets	1.69B	1.64B	1.58B	1.56B	1.50B	1.55B
Cash, Cash Equivalents and Short-Term Investments	11.24M	6.47M	12.36M	20.34M	19.95M	26.26M
Total Debt	695.50M	674.89M	623.75M	609.76M	786.39M	856.02M
Total Liabilities	870.23M	821.70M	773.49M	744.79M	920.62M	977.62M
Stockholders Equity	817.30M	819.98M	804.94M	818.41M	577.87M	569.17M
Cash Flow
Free Cash Flow	49.94M	43.96M	49.06M	34.55M	43.58M	22.17M
Operating Cash Flow	49.94M	43.96M	49.11M	34.55M	43.66M	22.17M
Investing Cash Flow	-53.74M	-57.51M	-37.51M	-35.95M	-89.71M	-41.17M
Financing Cash Flow	10.63M	3.15M	-19.58M	-404.00K	41.06M	29.35M

EPIC Suisse Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPIC	69 Neutral	CHF1.01B	17.17	―	―	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CHAM	56 Neutral	CHF1.26B	9.81	―	0.86%	―	―

EPIC Suisse Ltd. Corporate Events

EPIC Suisse Raises CHF 70 Million to Expand Property Portfolio

EPIC Suisse AG has successfully raised CHF 70 million through an upsized share offering to expand its property portfolio. The funds will be used to finance real estate development and acquisitions, strengthen the balance sheet, and support general corporate purposes. This move enhances the company’s financial flexibility and supports its strategic growth in the Swiss real estate market.

EPIC Suisse AG Launches CHF 60 Million Share Offering to Boost Growth

EPIC Suisse AG has announced an accelerated bookbuild offering of approximately CHF 60 million in newly issued registered shares. This move aims to strengthen the company’s financial flexibility, supporting its growth objectives and development pipeline. The offering represents about 7% of EPIC Suisse’s current share capital and will be used to finance real estate development and acquisitions, reinforce the balance sheet, and serve general corporate purposes. The shares are expected to be listed on the SIX Swiss Exchange, with a 90-day lock-up period agreed by major shareholders.

EPIC Suisse AG Reports Stable Q3 2025 Financial Performance

EPIC Suisse AG has released its Q3 2025 financial results, reporting a total portfolio fair value of CHF 1,659 million, with investment properties in operation valued at CHF 1,483 million and those under development at CHF 176 million. The company’s total income for the period reached CHF 52.0 million, reflecting an increase due to recently completed developments. The company also reported a total bank debt of CHF 678 million and an IFRS NAV of CHF 827 million. Notably, EPIC has signed additional rental contracts for its PULSE site, increasing the occupancy rate to 37% of the annual target rent, indicating ongoing growth and development in its property management operations.