EPIC Suisse Ltd. (EPIC) AI Stock Analysis

• Market Cap: CHF986.05M
• Dividend Yield: N/A
• Average Volume (3M): 666.00
• Price to Earnings (P/E): 13.8
• Beta (1Y): 0.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CH
• Employees: 18
• Sector: Financial
• Sector Strength: 70
• Industry: Real Estate - Services
• EPS (TTM): 3.40
• Shares Outstanding: 11,205,076
• 10 Day Avg. Volume: 445
• 30 Day Avg. Volume: 666
• PEG Ratio: 0.19
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 12.95
• P/FCF Ratio: 18.95
• 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): 3.8
• Revenue Forecast (FY): CHF73.10M

• Rating: 73 Outperform
• Price Target: CHF101.00 ▲(19.39% Upside)
• Action: Upgraded Date: 03/15/26
• Date: Action: Upgraded 03/15/26

The score is driven primarily by solid fundamentals (strong profitability and improving leverage) and an attractive valuation (low P/E and healthy dividend). Technical signals are supportive but not strongly bullish, and cash-flow conversion inconsistency remains the key risk factor.

Positive Factors

High Profitability and Margins

Consistently strong gross and net margins indicate durable earnings power and pricing advantage in its services. High margins support internal investment, dividend capacity and buffer against cost inflation, strengthening cash generation and resilience over the next several quarters.

Improving Leverage / Balance Sheet

A decline in debt-to-equity to 0.68x reflects material de-risking of the capital structure. Lower leverage reduces interest and refinancing pressure, increasing financial flexibility to fund maintenance, distributions or selective growth without materially raising default risk in the medium term.

Revenue Acceleration and Strong FCF

Top-line acceleration to ~9.4% in 2025 alongside free cash flow that nearly matched net income shows improving business momentum and cash convertibility. That mix supports sustained ability to service debt, reinvest in the business and maintain shareholder returns over coming quarters.

Negative Factors

Large Absolute Debt Load

Even with improved ratios, a nominal debt stock near €795M is sizable for a small employee base and can restrict strategic flexibility. In downturns or if revenue weakens, the absolute debt level raises refinancing and interest coverage risk, pressuring liquidity choices.

Uneven Cash Conversion

Repeated periods where operating cash flow lags reported net income indicate inconsistent cash realization. That pattern reduces confidence that accounting profits will translate into durable cash available for debt service, capex or dividends across cycles.

Profitability Volatility

Material year-to-year swings in earnings, including a notable 2023 dip and very high recent margins, impair predictability. If margins revert or a future dip occurs, earnings, cash flow and shareholder distributions could be pressured, complicating medium-term planning.

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.

EPIC Suisse Ltd. Financial Statement Overview

Summary

Strong reported profitability and improving leverage (debt-to-equity down to 0.68x in 2025) support the score, alongside accelerating revenue growth in 2025. The main offset is uneven earnings/cash quality and year-to-year volatility, with operating cash flow often trailing net income despite solid free cash flow.

Income Statement

Revenue shows a generally positive trajectory, with growth accelerating in 2025 (annual revenue growth of 9.36% vs. ~1.28% in 2024). Profitability metrics are exceptionally high across the period (very strong gross and net margins), and net income rebounded sharply in 2024–2025 after a weak 2023. The main weakness is volatility in profitability year-to-year (notably the 2023 dip and unusually high margin levels that may be less repeatable), which reduces confidence in earnings stability.

Balance Sheet

The company operates with meaningful leverage, but balance sheet risk has improved: debt-to-equity declined from 1.50x (2020) and 1.36x (2021) to 0.68x in 2025, alongside higher equity and a larger asset base. Returns to shareholders are positive but moderate in recent years (return on equity of ~7.13% in 2025 vs. ~5.77% in 2024), with earlier strength in 2021. Key weakness remains the absolute debt load (2025 total debt ~795M), which can constrain flexibility if operating conditions soften.

Cash Flow

Free cash flow is solid and nearly matches reported profits in the latest period (free cash flow to net income ~1.00x in 2025), and free cash flow growth was strong in 2025 (+20.52%) after a decline in 2024. However, cash conversion into operating cash flow has often lagged earnings (operating cash flow to net income below 1.0x in 2020, 2021, 2022, 2024, and 2025), indicating uneven cash realization despite strong accounting profitability. The 2023 spike in cash coverage looks more like an outlier than a stable pattern.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	88.08M	66.17M	65.33M	61.48M	58.62M
Gross Profit	78.22M	59.67M	58.67M	55.12M	53.14M
EBITDA	115.21M	71.27M	33.46M	71.11M	100.61M
Net Income	82.74M	47.28M	17.63M	56.37M	77.49M
Balance Sheet
Total Assets	2.17B	1.64B	1.58B	1.56B	1.50B
Cash, Cash Equivalents and Short-Term Investments	23.54M	6.47M	12.36M	20.34M	19.95M
Total Debt	795.25M	674.89M	623.75M	609.76M	786.39M
Total Liabilities	1.01B	821.70M	773.49M	744.79M	920.62M
Stockholders Equity	1.16B	819.98M	804.94M	818.41M	577.87M
Cash Flow
Free Cash Flow	60.19M	43.96M	49.06M	34.55M	43.58M
Operating Cash Flow	60.32M	43.96M	49.11M	34.55M	43.66M
Investing Cash Flow	-46.70M	-57.51M	-37.51M	-35.95M	-89.71M
Financing Cash Flow	1.76M	3.15M	-19.58M	-404.00K	41.06M

EPIC Suisse Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPIC	73 Outperform	CHF986.05M	13.79	―	―	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CHAM	56 Neutral	CHF1.23B	1.52	―	0.86%	―	―

EPIC Suisse Ltd. Corporate Events

EPIC Suisse boosts earnings, portfolio value and dividend on record rental income

EPIC Suisse AG, a Swiss commercial real estate specialist listed on SIX, manages a CHF 1.7 billion portfolio concentrated in the Lake Geneva and Zurich economic regions and is active along the full value chain from acquisition to (re)development and asset management. The group is also expanding through a development pipeline, including assets like PULSE and Campus Leman, designed with energy-efficient features such as geothermal and photovoltaic systems.

For 2025, EPIC Suisse posted record rental income of CHF 68.2 million, up 3.0% year on year, while cutting its vacancy rate to 3.4% and lifting portfolio value 4.4% to CHF 1.684 billion on the back of investments and a CHF 33.0 million unrealised revaluation gain. Profit including revaluations jumped to CHF 65.6 million, a successful CHF 70 million capital increase strengthened the equity ratio to 53.5%, and the board will propose a higher dividend of CHF 3.20 per share, as the company readies further rental income growth from new developments and maintains guidance for 2–3% net rental income growth in 2026 amid a volatile macro backdrop.

The most recent analyst rating on (CH:EPIC) stock is a Hold with a CHF91.00 price target. To see the full list of analyst forecasts on EPIC Suisse Ltd. stock, see the CH:EPIC Stock Forecast page.

EPIC Suisse Schedules March Call to Present 2025 Annual Results

EPIC Suisse AG has invited investors, analysts, and media to a conference call on 12 March 2026 to discuss its 2025 annual results, with Chairman Roni Greenbaum, CEO Arik Parizer, and CFO Valérie Scholtes presenting and related materials to be released the same morning, underscoring the firm’s effort to keep stakeholders informed as it publishes financial disclosures.

The most recent analyst rating on (CH:EPIC) stock is a Hold with a CHF94.00 price target. To see the full list of analyst forecasts on EPIC Suisse Ltd. stock, see the CH:EPIC Stock Forecast page.