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Landis+Gyr Group AG (CH:LAND)
:LAND
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Landis+Gyr Group AG
(OTC:LAND)
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Rating:47Neutral
Price Target:
CHF52.00
▲(1.76% Upside)
The overall stock score is primarily impacted by weak financial performance and valuation concerns. The company's negative earnings and high leverage pose significant risks. Technical analysis indicates bearish momentum, further contributing to a lower score. The absence of earnings call data and corporate events limits additional insights.
Landis+Gyr Group AG (LAND) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF1.49B
Dividend Yield2.22%
Average Volume (3M)89.80K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue Growth-32.13%
EPS Growth-386.99%
CountryCH
Employees6,300
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.33
Shares Outstanding28,908,943
10 Day Avg. Volume76,050
30 Day Avg. Volume89,800
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)2.27
Price to Sales (P/S)1.73
P/FCF Ratio63.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF67.64Price Target Upside32.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.42
Revenue Forecast (FY)CHF950.00M
Landis+Gyr Group AG Business Overview & Revenue Model
Company DescriptionLandis+Gyr Group AG (LAND) is a global leader in smart metering solutions for electricity, gas, and water utilities. The company specializes in providing advanced metering infrastructure, software solutions, and services that enable utilities to optimize their operations and enhance customer engagement. With a focus on sustainability and digital transformation, Landis+Gyr delivers innovative technologies that support the transition to a more energy-efficient and resource-conscious world.
How the Company Makes MoneyLandis+Gyr generates revenue primarily through the sale of smart metering devices and related software solutions. The company's revenue model is based on three key streams: the sale of hardware, which includes smart meters and communication modules; software and services, which encompass data analytics, network management, and customer engagement platforms; and recurring revenues from maintenance and support contracts. Significant partnerships with utility companies around the globe provide Landis+Gyr with a steady customer base, while ongoing investments in research and development enable the company to innovate and expand its product offerings, further driving revenue growth.
Landis+Gyr Group AG Earnings Call Summary
Earnings Call Date:May 02, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The earnings call reflected strong strategic progress and sustainability achievements, along with significant growth in order intake and backlog. However, this was offset by a decline in revenue, inventory write-downs, and tariff-related challenges, leading to a balanced sentiment.Q4-2024 Updates
Positive Updates
Record Order Intake and Backlog
Landis+Gyr reported a strong order intake of $2.6 billion, resulting in a book-to-bill ratio of 1.5, and a record backlog of $4.6 billion, representing a 22.9% year-over-year increase.
Sustainability Achievements
Landis+Gyr reached 96% renewable electricity use across the Group, reduced Scope 1 and 2 emissions by over 60% since 2021, and achieved a 12% reduction in Scope 3 emissions per $100 of revenue.
Strategic Focus on the Americas
The Americas region accounted for 56% of revenue and the majority of profitability, with efforts to strengthen the region highlighted by the leadership changes and the upcoming U.S. listing.
Software and Services Growth
Approximately 35% of the backlog is software-related, with the Americas region having close to 50% software content.
Negative Updates
Revenue Decline
Net revenue declined by 10.5% in constant currency, mainly due to the non-reoccurrence of pent-up demand realization in FY '23 and tariff-related shipment delays.
Inventory Obsolescence
A $20 million inventory obsolescence expense was recorded due to the fast adoption of the Revelo platform, leading to a write-down of components.
Tariff-Related Challenges
Tariff-related shipment delays in March resulted in approximately $30 million of revenue shifting into FY '25, reflecting ongoing challenges posed by trade tariffs.
EMEA Performance Issues
Revenue in the EMEA region declined by 6.5% in constant currency due to project delays and softer performance in the UK and Turkey.
Company Guidance
During the Analyst and Investors Call for the full year 2024, Landis+Gyr outlined its financial and strategic performance, emphasizing strong order intake of $2.6 billion, which led to a book-to-bill ratio of 1.5. The company reported a record high backlog of $4.6 billion, reflecting a 22.9% year-over-year increase. Despite a revenue decline due to pent-up demand from FY 2023 and shipment delays, the adjusted EBITDA margin was 9.9%, aligning with updated guidance. Excluding one-off items, the margin was slightly higher at 10.4%. The Americas region, which is the most profitable segment with a 40% return on capital, accounted for 56% of the business. The company also achieved substantial sustainability milestones, including 96% renewable electricity usage and a 60% reduction in Scope 1 and 2 emissions since 2021. Looking forward, Landis+Gyr expects net revenue growth between 5% and 8% in FY 2025, with an adjusted EBITDA margin of 10.5% to 12%. The strategic focus remains on enhancing grid edge intelligence and expanding software and services, which now comprise 35% of the backlog.Landis+Gyr Group AG Financial Statement Overview
Summary
Landis+Gyr Group AG faces challenges in revenue growth and profitability, impacting its income and cash flow statements negatively. While the balance sheet shows some stability, high leverage and declining equity are concerns. The company must address its operational inefficiencies and improve cash flow management to strengthen its financial position.Income Statement
The income statement shows a decline in financial performance over the past year with negative EBIT and net income. The gross profit margin is relatively stable, but there is a significant drop in revenue and profitability, indicating potential operational challenges.45
Neutral
Balance Sheet
The balance sheet indicates moderate financial stability with a reasonable debt-to-equity ratio. However, the decline in stockholders' equity and high total debt raise concerns about leverage and financial risk.60
Neutral
Cash Flow
The cash flow statement reveals fluctuating free cash flow and operating cash flow, with a significant drop in free cash flow growth. The company needs to improve cash generation to support its operations and reduce financial risks.50
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2023 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.73B | 1.73B | 1.68B | 1.96B | 1.46B | 1.36B |
| Gross Profit | 512.15M | 512.15M | 477.45M | 598.81M | 470.22M | 385.12M |
| EBITDA | 175.80M | 22.12M | 143.87M | 214.15M | 163.84M | -278.23M |
| Net Income | -150.46M | -150.46M | 207.93M | 109.98M | 79.40M | -392.39M |
Balance Sheet | ||||||
| Total Assets | 2.41B | 2.41B | 2.42B | 2.44B | 2.29B | 2.16B |
| Cash, Cash Equivalents and Short-Term Investments | 171.56M | 171.56M | 117.37M | 127.84M | 84.85M | 140.55M |
| Total Debt | 435.21M | 435.21M | 276.25M | 335.40M | 332.49M | 261.08M |
| Total Liabilities | 1.09B | 1.09B | 895.03M | 892.88M | 890.46M | 783.67M |
| Stockholders Equity | 1.31B | 1.31B | 1.52B | 1.54B | 1.38B | 1.37B |
Cash Flow | ||||||
| Free Cash Flow | -17.15M | 46.95M | -74.07M | 89.57M | 88.69M | 97.34M |
| Operating Cash Flow | -5.46M | 78.89M | -45.77M | 121.20M | 115.78M | 123.94M |
| Investing Cash Flow | -8.01M | -36.24M | 205.78M | -102.86M | -184.17M | -38.09M |
| Financing Cash Flow | -5.60M | 2.20M | -118.87M | -5.35M | 14.22M | -271.41M |
Landis+Gyr Group AG Technical Analysis
Negative
51.10
Price Trends
56.48
Negative
60.98
Negative
56.98
Negative
Market Momentum
-1.19
Negative
41.22
Neutral
35.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:LAND, the sentiment is Negative. The current price of 51.1 is below the 20-day moving average (MA) of 51.66, below the 50-day MA of 56.48, and below the 200-day MA of 56.98, indicating a neutral trend. The MACD of -1.19 indicates Negative momentum. The RSI at 41.22 is Neutral, neither overbought nor oversold. The STOCH value of 35.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:LAND.
Landis+Gyr Group AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | CHF105.88B | 28.28 | 31.76% | 1.54% | 1.93% | 11.14% | |
70 Outperform | CHF2.21B | 29.80 | ― | 2.16% | 11.43% | 6.46% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | CHF2.41B | 79.30 | 8.55% | 2.01% | -2.06% | -58.53% | |
60 Neutral | CHF2.00B | 35.57 | ― | ― | -4.40% | ― | |
59 Neutral | CHF1.98B | 33.34 | ― | 1.43% | -3.67% | -12.95% | |
47 Neutral | CHF1.49B | ― | -9.35% | 2.22% | -32.13% | -386.99% |
* Industrials Sector Average
CH:LAND
Landis+Gyr Group AG
51.70
-3.16
-5.76%
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Landis+Gyr Group AG Corporate Events
Landis+Gyr Reports Strong Order Backlog and Strategic Transformation
Oct 28, 2025
Landis+Gyr reported a strong order backlog of USD 4 billion and a high order intake, reflecting customer trust and global energy demand. Despite a 16.4% decrease in net sales, the company improved its EBITDA margin and plans a USD 175 million share buyback following the EMEA divestment, aiming for disciplined value creation.
Landis+Gyr Sells EMEA Business to AURELIUS for Strategic Realignment
Sep 29, 2025
Landis+Gyr Group AG has announced the sale of its EMEA business to AURELIUS for USD 215 million, marking a strategic shift to focus on the Americas and Asia-Pacific regions. This transaction, which includes a significant portion of its metering portfolio and affects 2,700 employees, is expected to streamline operations and enhance Landis+Gyr’s market position in its target regions. AURELIUS plans to continue the EMEA business, leveraging positive market trends and ensuring continuity for customers. The sale is anticipated to result in a non-cash impairment of approximately USD 190 million, impacting the company’s financial results for the first half of fiscal year 2025.
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.