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Landis+Gyr Group AG
(LAND)
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Rating:49Neutral
Price Target:
CHF46.00
▲(6.11% Upside)
Action:Reiterated
Date:08/20/26
The score is primarily held back by weak and volatile profitability and declining revenue, despite a still-manageable balance sheet and a rebound to positive free cash flow in 2026. Technicals are broadly neutral with only modest momentum improvement, while valuation remains pressured due to losses, partially offset by a moderate dividend yield.
Positive Factors
Utility infrastructure position
Landis+Gyr operates in essential utility infrastructure, supporting metering, data management and grid modernization. Regulatory adoption and multi-year utility programs can create durable demand, while its installed base supports software and service revenue.
Negative Factors
Sharp revenue decline
A steep revenue contraction weakens operating leverage, reduces scale across hardware and service activities, and raises execution concerns around utility project timing or customer demand. Recovery is needed for growth investments and margins to become durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Utility infrastructure position
Landis+Gyr operates in essential utility infrastructure, supporting metering, data management and grid modernization. Regulatory adoption and multi-year utility programs can create durable demand, while its installed base supports software and service revenue.
Read all positive factors
Landis+Gyr Group AG (LAND) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF1.38B
Dividend Yield2.5%
Average Volume (3M)77.79K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue Growth-39.02%
EPS Growth-40.84%
CountryCH
Employees6,053
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-5.86
Shares Outstanding28,908,943
10 Day Avg. Volume56,752
30 Day Avg. Volume77,793
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)1.65
Price to Sales (P/S)1.56
P/FCF Ratio30.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF61.50Price Target Upside41.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.85
Revenue Forecast (FY)CHF1.13B
Landis+Gyr Group AG Business Overview & Revenue Model
Company Description
Landis+Gyr Group AG, a Swiss firm founded in Cham in 1896, provides comprehensive energy management solutions to utility companies across the Americas, Europe, the Middle East, Africa, and Asia Pacific regions. Its product and service portfolio is...
How the Company Makes Money
Landis+Gyr primarily makes money by selling smart metering and grid-edge solutions to utility customers through a mix of product, software, and services revenues. Key revenue streams include: (1) Hardware sales—electricity, gas, and water meters (...
Landis+Gyr Group AG Earnings Call Summary
Earnings Call Date:May 02, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Nov 03, 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.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.
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.
Read all updates
Q4-2024 Updates
Positive
Negative
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.
Read all positive updates
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
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.17B | 1.73B | 1.96B | 1.68B | 1.46B |
| Gross Profit | 386.14M | 512.15M | 598.81M | 477.45M | 470.22M |
| EBITDA | 148.47M | 22.12M | 214.15M | 143.87M | 163.84M |
| Net Income | -168.90M | -150.46M | 109.98M | 207.93M | 79.40M |
Balance Sheet | |||||
| Total Assets | 2.31B | 2.41B | 2.44B | 2.42B | 2.29B |
| Cash, Cash Equivalents and Short-Term Investments | 232.91M | 171.56M | 127.84M | 117.37M | 84.85M |
| Total Debt | 470.56M | 435.21M | 335.40M | 276.25M | 332.49M |
| Total Liabilities | 1.20B | 1.09B | 892.88M | 895.03M | 890.46M |
| Stockholders Equity | 1.11B | 1.31B | 1.54B | 1.52B | 1.38B |
Cash Flow | |||||
| Free Cash Flow | 59.77M | 46.95M | 89.57M | -74.07M | 88.69M |
| Operating Cash Flow | 98.28M | 78.89M | 121.20M | -45.77M | 115.78M |
| Investing Cash Flow | -38.67M | -36.24M | -102.86M | 205.78M | -184.17M |
| Financing Cash Flow | 2.99M | 2.20M | -5.35M | -118.87M | 14.22M |
Landis+Gyr Group AG Technical Analysis
Positive
43.35
Price Trends
45.22
Positive
47.62
Positive
49.16
Negative
Market Momentum
0.83
Positive
56.68
Neutral
27.70
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 43.35 is below the 20-day moving average (MA) of 47.47, below the 50-day MA of 45.22, and below the 200-day MA of 49.16, indicating a neutral trend. The MACD of 0.83 indicates Positive momentum. The RSI at 56.68 is Neutral, neither overbought nor oversold. The STOCH value of 27.70 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | CHF7.05B | 37.69 | 57.76% | 1.95% | 16.39% | 28.78% | |
72 Outperform | CHF144.13B | 36.14 | 32.62% | 1.18% | -0.68% | 11.21% | |
67 Neutral | CHF5.09B | 16.80 | 24.15% | 3.36% | -2.55% | 11.09% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | CHF10.28B | 50.06 | 32.95% | 1.19% | 19.76% | 20.18% | |
49 Neutral | CHF1.38B | -10.22 | -15.26% | 2.77% | -39.02% | -40.84% | |
16 Underperform | CHF135.10M | -0.86 | ― | ― | ― | ― |
* Industrials Sector Average
CH:LAND
Landis+Gyr Group AG
48.00
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CH:ACLN
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Landis+Gyr Group AG Corporate Events
Landis+Gyr Launches New Share Buyback to Complete EMEA Proceeds Return
Aug 20, 2026
Landis+Gyr Group AG has launched a new share buyback program of up to USD 37 million, or a maximum of 2.09% of its issued registered shares, to complete the planned return of net proceeds from the sale of its EMEA business to shareholders. The sha...
Landis+Gyr Completes CHF 50 Million Share Repurchase and Plans Further Buybacks
Aug 19, 2026
Landis+Gyr has completed a public fixed-price share repurchase offer of up to CHF 50 million, in which shareholders tendered 4,106,869 registered shares against a maximum of 1,000,000 shares at CHF 50.00 per share. Due to oversubscription, the com...
Landis+Gyr Launches CHF 50 Million Fixed-Price Share Buyback
Aug 3, 2026
Landis+Gyr Group AG has launched a fixed-price share buyback offer of up to 1,000,000 registered shares at CHF 50.00 per share, for a total value of up to CHF 50 million, representing a 9.5% premium to the last closing price before the announcemen...
Landis+Gyr boosts profitability, accelerates buyback after EMEA deal
Jul 28, 2026
Landis+Gyr reported a seasonally weak first quarter of financial year 2026 with net revenue down 6.8% to USD 232.3 million, largely due to project timing, while adjusted gross profit rose 1.0% and margin improved to 37.4% on efficiency gains and h...
Landis+Gyr Shareholders Back All AGM Proposals, Approve CHF 1.20 Distribution
Jun 26, 2026
Landis+Gyr shareholders approved all Board of Directors proposals at the company’s ordinary Annual General Meeting in Cham, Switzerland, with 57.42% of the issued share capital represented. All seven incumbent board members, including Chair ...
Landis+Gyr Reshapes Portfolio and Confirms 2028 Targets on Back of Record Order Backlog
Jun 1, 2026
Landis+Gyr used its Capital Markets Day in New York to outline its strategy as a focused multinational energy technology provider built around two new segments, Connected Platforms and Grid Intelligence. The reorganization follows the divestment o...
Landis+Gyr Releases 2025 Annual Report and Reshapes Board Ahead of 2026 AGM
May 29, 2026
Landis+Gyr Group AG has published its Annual Report 2025, detailing financial and operational performance, governance, compensation, and sustainability for the fiscal year ended March 31, 2026, alongside the invitation to its June 26, 2026 General...
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.