Georg Fischer AG (CH:GF)
:GF
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Georg Fischer AG
(GF)
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Rating:49Neutral
Price Target:
CHF42.00
▼(-0.90% Downside)
Action:ReiteratedDate:02/27/26
The score is held down primarily by financial risk (high leverage/negative equity) and weaker 2025 operating performance (revenue decline and sharply lower free cash flow), reinforced by bearish technicals. These are partially offset by a reasonable valuation and recovery-oriented 2026 guidance tied to cost reductions and improved free cash flow targets.
Positive Factors
Pure‑play Flow Solutions strategy
Refocusing the group into a pure‑play Flow Solutions provider concentrates resources and management attention on core markets (buildings, industry, infrastructure). This enhances cross‑sell, product integration and aftermarket service capture, improving structural revenue predictability and competitive positioning over multiple years.
Negative Factors
Weak balance sheet / high leverage
Elevated absolute debt and a negative equity position materially increase financial risk and reduce strategic flexibility. This constrains the company's ability to fund investments or absorb shocks, raises refinancing and covenant risk, and makes recovery plans more sensitive to cash‑flow execution over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Pure‑play Flow Solutions strategy
Refocusing the group into a pure‑play Flow Solutions provider concentrates resources and management attention on core markets (buildings, industry, infrastructure). This enhances cross‑sell, product integration and aftermarket service capture, improving structural revenue predictability and competitive positioning over multiple years.
Read all positive factors
Georg Fischer AG (GF) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF3.48B
Dividend Yield2.53%
Average Volume (3M)155.19K
Price to Earnings (P/E)42.7
Beta (1Y)0.90
Revenue Growth-24.42%
EPS Growth32.48%
CountryCH
Employees19,023
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.70
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
CHF60.50Price Target Upside42.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)2.38
Revenue Forecast (FY)CHF3.37B
Georg Fischer AG Business Overview & Revenue Model
Company Description
Georg Fischer AG provides piping systems, and casting and machining solutions in Europe, the Americas, Asia, and internationally. The company offers plastic and metal piping systems for the transportation of water, abrasive and aggressive liquids,...
How the Company Makes Money
GF makes money primarily by selling engineered products, systems, and related lifecycle services across its operating divisions. In GF Piping Systems, revenue is generated from the sale of plastic pipes, fittings, valves, jointing technologies, me...
Georg Fischer AG Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: strategic transformation milestones (pure‑play focus, VAG acquisition, Uponor integration), clear sustainability achievements, initial traction in attractive growth areas (data center cooling) and concrete cost/synergy programs are positive. However, 2025 financials were pressured by divestments, a weak semiconductor cycle (‑16%), FX and tariff headwinds, impairments and one‑offs, low free cash flow in 2025 and elevated net debt/elevated tax rate that weigh on near‑term reported results. Management provided a recovery‑oriented 2026 guide (low single‑digit organic growth, higher EBITDA margin and strong free cash flow guidance) but significant near‑term accounting and cash impacts remain.Positive Updates
Industry & Infrastructure Momentum
I&I Flow Solutions delivered 1.9% organic sales growth (H2 organic 2.2% vs H1 1.6%), with strong infrastructure momentum and growth in U.S. gas distribution; Americas grew 3.5% organically and is nearly a CHF 1 billion business.
Negative Updates
Group Sales Decline and Deconsolidation Impact
Group net sales fell to CHF 4.1 billion from CHF 4.8 billion, primarily due to deconsolidation of Machining Solutions; organic group sales down 1.7%.
Read all updates
Q4-2025 Updates
Positive
Negative
Industry & Infrastructure Momentum
I&I Flow Solutions delivered 1.9% organic sales growth (H2 organic 2.2% vs H1 1.6%), with strong infrastructure momentum and growth in U.S. gas distribution; Americas grew 3.5% organically and is nearly a CHF 1 billion business.
Read all positive updates
Company Guidance
Management guided for 2026 to deliver low single‑digit organic sales growth with a comparable EBITDA margin of 14–16% (implying comparable EBIT of 10.5–12.5%) and free cash flow for Flow Solutions of CHF 175–200m; to support this they are implementing the Fit for Growth program to remove CHF 40m of costs in 2026 (majority secured by end‑Q1), impacting ~600 roles and with CHF 5–10m of the savings to be reinvested in sales/customer‑facing resources, plus a net‑working‑capital push targeting ~5% inventory reduction; management expects end‑2026 leverage below 3x net‑debt/EBITDA (versus ~3x at 2025 year‑end) but cautioned 2026 will include a divestment‑related non‑cash charge of ~CHF 180m and a temporarily elevated tax rate (~40%) before normalizing to ~26% in 2027; they reiterated medium‑term objectives of CHF 40–50m run‑rate synergies by 2027 (CHF 29m achieved in 2025), CHF 300m data‑center sales by 2030 (data‑center sales were ~CHF 30m in 2025), and see semiconductor‑related demand rising roughly 15% in 2026.Georg Fischer AG Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
18
Very Negative
Cash Flow
36
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.00B | 3.89B | 4.03B | 4.00B | 3.72B |
| Gross Profit | 874.00M | 1.62B | 899.00M | 899.00M | 748.00M |
| EBITDA | 495.00M | 510.00M | 467.00M | 513.00M | 414.00M |
| Net Income | 103.00M | 214.00M | 235.00M | 276.00M | 214.00M |
Balance Sheet | |||||
| Total Assets | 3.64B | 4.28B | 4.12B | 3.73B | 3.81B |
| Cash, Cash Equivalents and Short-Term Investments | 575.00M | 682.00M | 566.00M | 894.00M | 944.00M |
| Total Debt | 2.26B | 2.57B | 2.44B | 735.00M | 999.00M |
| Total Liabilities | 3.60B | 4.12B | 4.10B | 2.08B | 2.31B |
| Stockholders Equity | -9.00M | 109.00M | -44.00M | 1.60B | 1.47B |
Cash Flow | |||||
| Free Cash Flow | 20.00M | 178.00M | 133.00M | 165.00M | 146.00M |
| Operating Cash Flow | 277.00M | 393.00M | 338.00M | 331.00M | 291.00M |
| Investing Cash Flow | 135.00M | -281.00M | -2.12B | -123.00M | -168.00M |
| Financing Cash Flow | -462.00M | -4.00M | 1.50B | -236.00M | -35.00M |
Georg Fischer AG Technical Analysis
Neutral
42.38
Price Trends
46.94
Negative
49.85
Negative
55.99
Negative
Market Momentum
-1.34
Negative
47.28
Neutral
74.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:GF, the sentiment is Neutral. The current price of 42.38 is above the 20-day moving average (MA) of 41.11, below the 50-day MA of 46.94, and below the 200-day MA of 55.99, indicating a neutral trend. The MACD of -1.34 indicates Negative momentum. The RSI at 47.28 is Neutral, neither overbought nor oversold. The STOCH value of 74.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | CHF1.98B | 54.72 | ― | 2.17% | 11.43% | 6.46% | |
73 Outperform | CHF3.71B | 15.87 | ― | 2.99% | -11.64% | -24.17% | |
71 Outperform | CHF16.49B | 53.97 | 32.09% | 1.63% | 19.22% | 11.62% | |
65 Neutral | CHF5.75B | 16.99 | 24.15% | 2.90% | 5.79% | 13.20% | |
62 Neutral | CHF1.32B | 33.61 | ― | 1.46% | -3.67% | -12.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | CHF3.48B | 42.66 | ― | 2.53% | -24.42% | 32.48% |
* General Sector Average
CH:GF
Georg Fischer AG
42.38
-14.66
-25.70%
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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.