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Forbo Holding AG (CH:FORN)
:FORN

Forbo Holding AG (FORN) AI Stock Analysis

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Forbo Holding AG

(OTC:FORN)

Rating:73Outperform
Price Target:
Forbo Holding AG scores well due to its strong balance sheet and attractive valuation. The zero debt and high equity ratio contribute positively to its financial stability. However, declining revenues and moderate profitability margins present challenges that need addressing. The stock shows positive technical trends, indicating potential for upward momentum. The attractive P/E ratio and dividend yield further support a favorable valuation.

Forbo Holding AG (FORN) vs. iShares MSCI Switzerland ETF (EWL)

Forbo Holding AG Business Overview & Revenue Model

Company DescriptionForbo Holding AG (FORN) is a leading global manufacturer specializing in flooring systems, bonding systems, and movement systems. The company's flooring segment offers a wide range of linoleum, vinyl, and textile floor coverings. Its bonding systems segment provides a variety of adhesives for industrial, commercial, and residential applications. Additionally, the movement systems segment focuses on power transmission and conveyor belt solutions for industries such as logistics, food, and textiles. Headquartered in Switzerland, Forbo serves customers worldwide with innovative and sustainable solutions.
How the Company Makes MoneyForbo Holding AG generates revenue primarily through the sale of its flooring systems, bonding systems, and movement systems. The flooring systems segment is a significant contributor, with products sold to commercial, institutional, and residential markets. The bonding systems provide revenue through adhesives used in various industries, including automotive and construction. The movement systems segment adds to the revenue by supplying conveyor and power transmission belts to different sectors. Forbo's diverse product offerings and its focus on sustainable and innovative solutions help maintain strong market positions, supported by strategic partnerships and a global distribution network.

Forbo Holding AG Financial Statement Overview

Summary
Forbo Holding AG presents a mixed financial picture. The company shows strong balance sheet stability with zero debt and a high equity ratio. However, its income statement reflects declining revenues and moderate profitability margins. The cash flow position is strong, with increasing free cash flow, but there is a slight decline in operating cash flow, which needs monitoring. Overall, the company maintains a solid financial foundation with room for improvement in revenue growth.
Income Statement
60
Neutral
Forbo Holding AG has experienced a declining revenue trend over the years, with a Revenue Growth Rate of -4.52% from 2023 to 2024. The Gross Profit Margin for 2024 is 34.30%, and the Net Profit Margin is 8.48%, indicating moderate profitability. The EBIT Margin stands at 10.75%, and the EBITDA Margin is 15.07%, reflecting stable operational efficiency despite the revenue decline.
Balance Sheet
75
Positive
The company has a robust Balance Sheet with zero debt as of 2024, leading to a Debt-to-Equity Ratio of 0, showcasing excellent leverage management. The Equity Ratio is 64.15%, indicating a strong equity position relative to total assets. Return on Equity (ROE) is 15.19%, demonstrating effective utilization of shareholder funds.
Cash Flow
70
Positive
Free Cash Flow has increased by 16.98% from 2023 to 2024, highlighting improved cash generation. The Operating Cash Flow to Net Income Ratio is 1.43, and the Free Cash Flow to Net Income Ratio is 1.43, indicating efficient conversion of income into cash flows. However, the decline in operating cash flow from 2023 might be a concern for future cash sufficiency.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.12B1.18B1.29B1.25B1.12B
Gross Profit384.90M401.70M440.80M451.00M410.20M
EBITDA169.10M185.70M194.30M223.70M192.30M
Net Income95.10M102.30M101.40M141.20M106.20M
Balance Sheet
Total Assets975.80M901.40M972.50M994.10M1.12B
Cash, Cash Equivalents and Short-Term Investments109.10M69.10M46.70M93.30M255.90M
Total Debt0.000.0065.60M82.40M45.20M
Total Liabilities349.80M347.70M422.40M472.30M438.90M
Stockholders Equity626.00M553.70M550.10M521.80M683.50M
Cash Flow
Free Cash Flow135.60M115.90M50.50M128.10M132.40M
Operating Cash Flow135.60M160.00M81.40M166.90M172.10M
Investing Cash Flow-43.80M-44.10M-30.90M-38.80M-39.60M
Financing Cash Flow-51.10M-87.90M-93.90M-290.20M-89.60M

Forbo Holding AG Technical Analysis

Technical Analysis Sentiment
Positive
Last Price841.00
Price Trends
50DMA
824.20
Positive
100DMA
820.19
Positive
200DMA
805.65
Positive
Market Momentum
MACD
3.20
Positive
RSI
52.93
Neutral
STOCH
51.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:FORN, the sentiment is Positive. The current price of 841 is above the 20-day moving average (MA) of 834.60, above the 50-day MA of 824.20, and above the 200-day MA of 805.65, indicating a bullish trend. The MACD of 3.20 indicates Positive momentum. The RSI at 52.93 is Neutral, neither overbought nor oversold. The STOCH value of 51.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:FORN.

Forbo Holding AG Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$1.19B12.4716.01%2.97%-4.53%-6.83%
72
Outperform
CHF811.77M15.5810.83%2.00%1.58%-9.05%
70
Outperform
CHF2.16B28.17
2.14%10.38%18.74%
64
Neutral
CHF628.42M91.75
2.58%-6.31%-78.36%
64
Neutral
kr64.02B12.601.54%8.99%0.04%-3.90%
59
Neutral
CHF363.59M44.13
82.32%
57
Neutral
CHF500.95M99.21
2.84%-16.31%-107.34%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CH:FORN
Forbo Holding AG
841.00
-175.36
-17.25%
CH:KARN
Kardex AG
280.50
56.75
25.36%
CH:KOMN
Komax Holding AG
97.70
-36.90
-27.41%
CH:AUTN
Autoneum Holding AG
139.80
9.01
6.89%
CH:ARBN
Arbonia AG
5.26
-1.04
-16.51%
CH:VETN
Vetropack Holding AG Class A
31.70
0.40
1.28%

Forbo Holding AG Corporate Events

Forbo Holding AG CEO Jens Fankhänel Steps Down Permanently
Apr 24, 2025

Forbo Holding AG announced that Jens Fankhänel, who had temporarily stepped down as CEO for health reasons, will not be returning to his position and will leave the company on April 30, 2025. Andreas Jaeger, the current interim CEO, will continue in his role while the company searches for a permanent successor, working closely with the Chairman of the Board of Directors.

Forbo Holding AG CEO Jens Fankhänel Steps Down
Apr 24, 2025

Forbo Holding AG announced that its CEO, Jens Fankhänel, will not return to his position due to health reasons, and will officially leave the company at the end of April 2025. Andreas Jaeger, the current interim CEO, will continue in this role while the company searches for a permanent successor, working closely with the Chairman of the Board, Bernhard Merki.

Forbo Shareholders Approve Board Proposals and Leadership Changes
Apr 4, 2025

At its 97th Ordinary General Meeting, Forbo Holding AG’s shareholders approved all proposals by the Board of Directors, including the election of Bernhard Merki as the new Chairman and a dividend of CHF 25 per share. The meeting saw the re-election of existing board members and the approval of various remuneration packages, reflecting strong shareholder confidence in the company’s leadership and strategic direction. This transition in leadership, with the departure of long-serving Chairman This E. Schneider, marks a significant moment for Forbo as it continues to focus on sustainable growth and innovation in its industry.

Forbo Holding AG Announces New Chairman and Dividend at General Meeting
Apr 4, 2025

At the 97th ordinary General Meeting of Forbo Holding AG, shareholders approved all board proposals, including the election of Bernhard Merki as the new Chairman and a dividend payment of CHF 25 per share. The meeting also saw the approval of compensation packages for the Board and Executive Board, the re-election of board members, and the extension of KPMG AG’s auditor mandate. The departure of long-serving board member This E. Schneider was acknowledged, highlighting his significant contributions to the company’s strategic direction.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 03, 2025