Want to see CH:GF full AI Analyst Report?
Top Page
Georg Fischer AG
(GF)
Select Model
Select Model
Rating:52Neutral
Price Target:
CHF53.00
▲(1.24% Upside)
Action:Reiterated
Date:07/18/26
The score is held down primarily by financial risk—high leverage with a weak/negative equity base and materially weaker free cash flow—despite ongoing profitability. Earnings call updates add moderate support via raised sales outlook and strong order momentum, but are tempered by one-offs, FX and leverage/cash pressures. Technically the trend is positive, yet overbought signals and a high P/E limit upside confidence.
Positive Factors
Order Book / End‑market Demand
A markedly stronger, multi‑segment order book gives multi‑quarter revenue visibility. Doubling semiconductor orders and +15% organic intake imply secured project pipelines and exposure to structural upcycles (semis, data centres), supporting sustainable top‑line recovery and capacity utilization.
Negative Factors
High Leverage / Weak Equity Base
A large debt load combined with a negative equity base materially raises refinance and solvency risk. High leverage limits strategic optionality, increases interest sensitivity, and makes the firm vulnerable to macro shocks unless deleveraging executes as planned, constraining long‑term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Order Book / End‑market Demand
A markedly stronger, multi‑segment order book gives multi‑quarter revenue visibility. Doubling semiconductor orders and +15% organic intake imply secured project pipelines and exposure to structural upcycles (semis, data centres), supporting sustainable top‑line recovery and capacity utilization.
Read all positive factors
Georg Fischer AG (GF) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF4.24B
Dividend Yield2.61%
Average Volume (3M)155.19K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue Growth-20.47%
EPS Growth-148.37%
CountryCH
Employees16,332
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-1.64
Shares Outstanding82,017,960
10 Day Avg. Volume175,746
30 Day Avg. Volume155,190
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)-488.25
Price to Sales (P/S)1.47
P/FCF Ratio219.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF61.25Price Target Upside17.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)2.72
Revenue Forecast (FY)CHF3.30B
Georg Fischer AG Business Overview & Revenue Model
Company Description
Founded in 1802 and headquartered in Schaffhausen, Switzerland, Georg Fischer AG operates globally, offering a diverse portfolio spanning piping systems and advanced manufacturing solutions. The company's piping division provides plastic and metal...
How the Company Makes Money
GF makes money primarily by selling products and solutions used in fluid handling and piping infrastructure. Its main revenue stream is the sale of piping system components (e.g., pipes, fittings, valves) and integrated system solutions to custome...
Georg Fischer AG Earnings Call Summary
Earnings Call Date:Jul 17, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 03, 2027
Earnings Call Sentiment Neutral
Balanced: the company reported strong operational momentum—record semiconductor orders, raised sales outlook, improving industrial margins, and tangible Fit for Growth progress—while facing material near-term financial headwinds from a large divestment-related loss, significant FX impacts, elevated mid-year leverage (~4x net debt/EBITDA) and China/infrastructure softness. Management expects debt reduction (Precicast), higher H2 profitability and continued synergy delivery, leaving outlook constructive but contingent on execution and macro stability.Positive Updates
Strong Order Intake and Industrial Momentum
Group order intake rose 15.1% organically in H1 2026, with industry order intake up ~20% organically and semiconductors order intake doubling year-over-year; management highlighted a record level of committed semiconductor orders covering more than 50 projects globally.
Negative Updates
Large Divestment-Related One-Off Losses
A CHF 172 million deconsolidation loss related to the Casting Solutions divestment heavily impacted reported results in H1; total items affecting comparability at the EBIT level amounted to CHF 197 million, dragging reported group EBITDA to CHF 29 million.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Order Intake and Industrial Momentum
Group order intake rose 15.1% organically in H1 2026, with industry order intake up ~20% organically and semiconductors order intake doubling year-over-year; management highlighted a record level of committed semiconductor orders covering more than 50 projects globally.
Read all positive updates
Company Guidance
GF raised its full‑year sales outlook to mid‑single‑digit organic growth (up from low‑single‑digit) while keeping comparable EBITDA guidance unchanged at 14%–16%. In H1 Flow Solutions sales were close to CHF 1.6bn with organic growth of 5.7%, order intake up 15.1% organically, a comparable EBITDA margin of 13.4% and comparable EBIT margin of 10% (industry EBITDA 18.8%, buildings 12.6%, infrastructure 9%); semiconductors saw record order intake (order intake doubled year‑on‑year) and data center sales were nearly CHF 20m. Transformation and cost programs remain central: Fit for Growth savings target was raised to CHF 60m (from CHF 40m), synergies run‑rate is CHF 35m with CHF 40–50m targeted by 2027, and realized pricing was ~1.5% in H1 (expected 2–2.5% by year‑end). First‑half results were affected by FX and one‑offs: FX reduced group sales by ~CHF 91m and EBITDA by ~CHF 20m, a CHF 172m deconsolidation loss hit reported P&L (normalized net profit CHF 117m), net debt was ~CHF 1.6bn (~4x net debt/EBITDA) with expected year‑end leverage of 2.4x–2.8x after Precicast (potential book gain CHF 30–40m); Flow Solutions CapEx is guided at CHF 100–110m and free cash flow before M&A in H1 was CHF 35m.Georg Fischer AG Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
18
Very Negative
Cash Flow
36
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.69B | 3.00B | 3.89B | 4.03B | 4.00B | 3.72B |
| Gross Profit | 803.00M | 874.00M | 1.62B | 899.00M | 899.00M | 748.00M |
| EBITDA | 160.00M | 495.00M | 510.00M | 467.00M | 513.00M | 414.00M |
| Net Income | -134.00M | 103.00M | 214.00M | 235.00M | 276.00M | 214.00M |
Balance Sheet | ||||||
| Total Assets | 3.26B | 3.64B | 4.28B | 4.12B | 3.73B | 3.81B |
| Cash, Cash Equivalents and Short-Term Investments | 451.00M | 575.00M | 682.00M | 566.00M | 894.00M | 944.00M |
| Total Debt | 2.07B | 2.26B | 2.57B | 2.44B | 735.00M | 999.00M |
| Total Liabilities | 3.24B | 3.60B | 4.12B | 4.10B | 2.08B | 2.31B |
| Stockholders Equity | -23.00M | -9.00M | 109.00M | -44.00M | 1.60B | 1.47B |
Cash Flow | ||||||
| Free Cash Flow | 53.00M | 20.00M | 190.00M | 133.00M | 165.00M | 146.00M |
| Operating Cash Flow | 258.00M | 277.00M | 405.00M | 338.00M | 331.00M | 291.00M |
| Investing Cash Flow | -199.00M | 135.00M | -293.00M | -2.12B | -123.00M | -168.00M |
| Financing Cash Flow | -85.00M | -462.00M | -4.00M | 1.50B | -236.00M | -35.00M |
Georg Fischer AG Technical Analysis
Positive
52.35
Price Trends
45.58
Positive
43.56
Positive
47.61
Positive
Market Momentum
2.27
Negative
67.87
Neutral
48.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:GF, the sentiment is Positive. The current price of 52.35 is above the 20-day moving average (MA) of 49.06, above the 50-day MA of 45.58, and above the 200-day MA of 47.61, indicating a bullish trend. The MACD of 2.27 indicates Negative momentum. The RSI at 67.87 is Neutral, neither overbought nor oversold. The STOCH value of 48.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:GF.
Georg Fischer AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | CHF18.05B | 86.87 | 28.08% | 1.08% | -2.20% | -7.05% | |
70 Outperform | CHF3.10B | 17.42 | ― | 2.04% | -4.06% | -17.81% | |
67 Neutral | CHF1.84B | 70.39 | ― | 2.54% | 2.60% | -65.24% | |
67 Neutral | CHF4.95B | 16.32 | 24.15% | 3.36% | -2.55% | 11.09% | |
62 Neutral | CHF1.12B | 21.40 | ― | 2.46% | 1.72% | -9.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | CHF4.24B | -31.55 | ― | 2.58% | -20.47% | -148.37% |
* General Sector Average
CH:GF
Georg Fischer AG
52.85
-7.95
-13.07%
CH:KARN
Kardex AG
244.50
-50.03
-16.99%
CH:INRN
Interroll Holding AG
1,348.00
-840.65
-38.41%
CH:BUCN
Bucher Industries AG
308.00
-63.55
-17.10%
CH:SUN
Sulzer AG
151.30
-0.11
-0.07%
CH:VACN
VAT Group AG
607.40
324.46
114.68%
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.