Landis+Gyr Group AG (LAND) AI Stock Analysis

• Market Cap: $1.54B
• Dividend Yield: 2.22%
• Average Volume (3M): 77.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: -32.13%
• EPS Growth: -386.99%
• Country: CH
• Employees: 6,300
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.33
• Shares Outstanding: 28,908,943
• 10 Day Avg. Volume: 56,752
• 30 Day Avg. Volume: 77,793
• PEG Ratio: 0.11
• Price to Book (P/B): 2.27
• Price to Sales (P/S): 1.73
• P/FCF Ratio: 63.62
• Enterprise Value/Market Cap: 1.44
• Enterprise Value/Revenue: 1.65
• Enterprise Value/Gross Profit: 8.79
• Enterprise Value/Ebitda: 18.59
• 1Y Price Target: $67.95
• Price Target Upside: 27.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 2.22
• Revenue Forecast (FY): $1.19B

• Rating: 52 Neutral
• Price Target: CHF55.00 ▲(3.00% Upside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score is primarily held back by weakened financial performance (declining revenue/profitability, leverage concerns, and uneven cash generation). Technicals provide a modest offset with improving short-term trend but still weak longer-term signals. Valuation is mixed, with a dividend yield offering some support but a negative P/E reflecting ongoing losses.

Positive Factors

Market leadership in smart metering

Leading market position in smart meters and utility solutions provides durable competitive advantage: entrenched relationships, scale in production and deployment, and reputation that support repeat business and long sales cycles typical for utilities, aiding steady revenue base.

Diversified, recurring revenue mix

A mixed revenue model combining meter hardware, software platforms and recurring maintenance contracts increases revenue resilience. Recurring service streams and long-term utility contracts improve predictability of cash flow and support higher lifetime value per customer.

Ongoing R&D supporting product innovation

Sustained R&D investment underpins product differentiation in smart grids and IoT meters, enabling feature upgrades, software integration, and new offerings. This supports long-term competitiveness and the ability to win multi-year utility contracts as grids digitize.

Negative Factors

Steep revenue decline

A ~32% revenue contraction is a material structural headwind: it reduces economies of scale, pressures margins, limits reinvestment capacity, and signals weakening demand or contract timing issues that can persist over multiple reporting periods if not reversed.

Inconsistent free cash flow generation

Volatile and slowing free cash flow undermines the firm's ability to fund capex, R&D, and service debt without external financing. Persistent FCF weakness increases refinancing risk and limits strategic flexibility over several quarters to years.

Leverage and declining equity

Elevated debt combined with declining equity increases financial risk: higher interest burdens, reduced covenant headroom, and constrained ability to invest or absorb shocks. Over time leverage can limit strategic options and raise refinancing vulnerability.

Landis+Gyr Group AG Business Overview & Revenue Model

Company Description

Landis+Gyr Group AG, together with its subsidiaries, provides integrated energy management solutions to utility sector in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers prepayment electricity, commercial/industrial and grid, and non-smart and smart gas meters; heat and water meters and solutions; load control devices; and system deployment, managed network, and energy data management solutions. It also provides various advanced metering infrastructure offerings, including software, meter data management, installation, implementation, consulting, maintenance support, and related services; and develops and provides electronic devices for analyzing electricity usage in households. In addition, the company offers EV charging hardware and smart charging software comprising demand response and flexibility management, as well as cybersecurity solutions. The company was formerly known as Landis+Gyr Holding AG. Landis+Gyr Group AG was founded in 1896 and is headquartered in Cham, Switzerland.

How the Company Makes Money

Landis+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 Financial Statement Overview

Summary

Overall financials are pressured by declining revenue and profitability, with negative EBIT and net income (weak income statement). The balance sheet is moderately stable but carries leverage risk due to high total debt and declining equity. Cash generation is inconsistent, with a notable slowdown in free cash flow growth.

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.

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.

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.

Breakdown	TTM	Mar 2026	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.35B	1.73B	1.96B	1.46B	1.36B	1.70B
Gross Profit	252.86M	512.15M	598.81M	470.22M	385.12M	547.56M
EBITDA	119.62M	22.12M	214.15M	163.84M	-278.23M	248.69M
Net Income	-392.64M	-150.46M	109.98M	79.40M	-392.39M	113.75M
Balance Sheet
Total Assets	2.33B	2.41B	2.44B	2.29B	2.16B	2.78B
Cash, Cash Equivalents and Short-Term Investments	221.06M	171.56M	127.84M	84.85M	140.55M	319.38M
Total Debt	466.65M	435.21M	335.40M	332.49M	261.08M	424.87M
Total Liabilities	1.22B	1.09B	892.88M	890.46M	783.67M	986.63M
Stockholders Equity	1.11B	1.31B	1.54B	1.38B	1.37B	1.80B
Cash Flow
Free Cash Flow	9.67M	46.95M	89.57M	88.69M	97.34M	120.41M
Operating Cash Flow	23.64M	78.89M	121.20M	115.78M	123.94M	148.94M
Investing Cash Flow	-13.21M	-36.24M	-102.86M	-184.17M	-38.09M	-28.52M
Financing Cash Flow	33.61M	2.20M	-5.35M	14.22M	-271.41M	129.28M

Landis+Gyr Group AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 53.40
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:LAND, the sentiment is Positive. The current price of 53.4 is below the 20-day moving average (MA) of 53.53, above the 50-day MA of 52.37, and below the 200-day MA of 57.54, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 52.08 is Neutral, neither overbought nor oversold. The STOCH value of 34.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:LAND.

Landis+Gyr Group AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KARN	74 Outperform	CHF2.04B	27.15	―	2.17%	11.43%	6.46%
ABBN	71 Outperform	CHF128.64B	33.45	31.76%	1.52%	1.93%	11.14%
AERO	67 Neutral	CHF1.95B	38.60	―	―	-4.40%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DAE	61 Neutral	CHF2.75B	35.35	8.55%	1.96%	-2.06%	-58.53%
INRN	59 Neutral	CHF1.57B	26.86	―	1.46%	-3.67%	-12.95%
LAND	52 Neutral	$1.54B	-5.23	-9.35%	2.22%	-32.13%	-386.99%

Landis+Gyr Group AG Corporate Events

Landis+Gyr Posts Strong Q3, Confirms Outlook and Advances EMEA Exit and US Listing Plans

Landis+Gyr reported a strong third quarter for its 2025 financial year, with group revenue rising 39% year-on-year to USD 278.7 million and adjusted gross margin improving to 33.2% on the back of favourable product mix and operating leverage, while software accounted for about 27% of nine-month revenue. Order intake softened versus the prior year but the sales pipeline remained robust, and the order backlog surged 26% to USD 3.9 billion, 40% of which is software-related. The Americas segment delivered a 54% jump in quarterly revenue and higher margins, offsetting weaker, timing-driven results and margin compression in Asia Pacific. Management reaffirmed full-year guidance for 5–8% revenue growth and a 13.0–14.5% EBITDA margin, and highlighted progress on refocusing the group on the Americas and Asia Pacific through the divestment of its EMEA business, which has cleared EU regulatory approval and is expected to close in Q2 2026. In parallel, Landis+Gyr is preparing a potential US listing in the second half of 2026 while retaining its SIX Swiss Exchange listing, and has begun executing a share buyback program of up to USD 175 million, underlining its efforts to align capital markets access with its operational footprint and return capital to shareholders.

The most recent analyst rating on (CH:LAND) stock is a Sell with a CHF50.00 price target. To see the full list of analyst forecasts on Landis+Gyr Group AG stock, see the CH:LAND Stock Forecast page.