PSP Swiss Property AG (PSPN) AI Stock Analysis

• Market Cap: CHF6.08B
• Dividend Yield: 2.89%
• Average Volume (3M): 77.63K
• Price to Earnings (P/E): 14.8
• Beta (1Y): 0.17
• Revenue Growth: -4.76%
• EPS Growth: 43.88%
• Country: CH
• Employees: 77
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 1.24
• Shares Outstanding: 45,867,893
• 10 Day Avg. Volume: 75,373
• 30 Day Avg. Volume: 77,627
• PEG Ratio: 0.20
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 16.06
• P/FCF Ratio: 48.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF145.25
• Price Target Upside: 9.54% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 65 Neutral
• Price Target: CHF145.00 ▲(9.35% Upside)

The overall stock score is primarily driven by strong financial performance, despite concerns over revenue growth and cash flow fluctuations. Technical indicators suggest bearish momentum, while valuation metrics are balanced, supporting a moderate investment outlook.

PSP Swiss Property AG Business Overview & Revenue Model

Company Description

PSP Swiss Property AG, together with its subsidiaries, owns and operates real estate properties in Switzerland. It operates through Real Estate Investments and Property Management segments. The company owns, operates, and leases office, retail, gastronomy, and parking spaces. It owns 158 office and commercial properties, and 18 development sites and individual projects in Zurich, Geneva, Basel, Bern, and Lausanne. The company was founded in 1999 and is based in Zug, Switzerland.

How the Company Makes Money

PSP Swiss Property AG generates revenue primarily through rental income from its diversified portfolio of properties, which includes office buildings, retail spaces, and residential units. The company benefits from long-term lease agreements with reputable tenants, providing a stable stream of cash flow. Additionally, PSPN engages in property development and redevelopment projects, which can lead to significant capital appreciation and increased rental income upon completion. The company may also realize profits through the sale of non-core or underperforming assets. Strategic partnerships with local businesses and municipalities further enhance its ability to identify lucrative investment opportunities, thus contributing to its overall earnings.

PSP Swiss Property AG Financial Statement Overview

Summary

PSP Swiss Property AG demonstrates strong profitability with high margins and a stable financial position. However, declining revenue growth and fluctuating cash flow metrics suggest potential areas for improvement.

Income Statement

PSP Swiss Property AG shows strong profitability with high gross and net profit margins, particularly in the TTM period. However, the company has experienced a decline in revenue growth over the past periods, which could be a concern for future revenue stability. The EBIT and EBITDA margins are robust, indicating efficient operational management.

Balance Sheet

The company's balance sheet reflects a stable financial position with a moderate debt-to-equity ratio, which has improved in the TTM period. Return on equity is satisfactory, showing the company's ability to generate profits from shareholders' equity. The equity ratio indicates a solid capital structure, although there is room for improvement in leveraging equity more effectively.

Cash Flow

Cash flow analysis reveals a positive trend in free cash flow growth in the TTM period, although historical fluctuations are evident. The operating cash flow to net income ratio suggests that the company is generating adequate cash from operations relative to its net income. However, the free cash flow to net income ratio indicates that a significant portion of net income is not translating into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	351.06M	368.14M	372.81M	409.69M	384.77M	342.94M
Gross Profit	329.90M	343.29M	326.97M	316.69M	312.94M	292.58M
EBITDA	543.40M	488.97M	298.59M	292.19M	287.17M	271.05M
Net Income	412.96M	374.95M	207.59M	329.96M	595.02M	292.09M
Balance Sheet
Total Assets	10.12B	9.92B	9.79B	9.48B	9.18B	8.67B
Cash, Cash Equivalents and Short-Term Investments	105.08M	56.97M	141.68M	20.74M	20.38M	32.34M
Total Debt	2.26B	3.38B	3.47B	1.95B	1.94B	2.04B
Total Liabilities	4.69B	4.51B	4.57B	4.29B	4.16B	4.09B
Stockholders Equity	5.43B	5.41B	5.22B	5.20B	5.02B	4.58B
Cash Flow
Free Cash Flow	124.94M	121.39M	276.71M	166.46M	139.33M	75.99M
Operating Cash Flow	226.57M	212.96M	276.90M	316.44M	297.50M	209.77M
Investing Cash Flow	-69.97M	-38.14M	-353.61M	-222.14M	-105.04M	-490.96M
Financing Cash Flow	-75.66M	-259.53M	197.65M	-93.94M	-204.41M	293.86M

PSP Swiss Property AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 132.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:PSPN, the sentiment is Negative. The current price of 132.6 is below the 20-day moving average (MA) of 134.32, below the 50-day MA of 136.90, and below the 200-day MA of 135.42, indicating a bearish trend. The MACD of -0.76 indicates Negative momentum. The RSI at 38.62 is Neutral, neither overbought nor oversold. The STOCH value of 22.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:PSPN.

PSP Swiss Property AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALLN	73 Outperform	3.00B	11.57	8.00%	3.83%	6.79%	196.21%
PLAN	71 Outperform	832.14M	14.99	6.80%	2.22%	27.85%	89.97%
PSPN	65 Neutral	CHF6.08B	14.84		2.89%	-4.76%	43.88%
SPSN	65 Neutral	8.75B	23.79	5.39%	3.16%	-6.88%	90.76%
NREN	58 Neutral	388.53M	12.88	4.52%	3.66%	45.30%	823.48%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

PSP Swiss Property AG Corporate Events

PSP Swiss Property Reports Solid H1 2025 Results with Strong Portfolio Revaluation

PSP Swiss Property AG reported a solid operational result for the first half of 2025, with a real estate portfolio valued at CHF 10.0 billion and a vacancy rate of 4.0%. The company saw a portfolio revaluation appreciation of CHF 113.4 million, mainly due to positive developments in Zurich. Despite a decrease in property income, net profit increased by 24.3% to CHF 194.3 million, driven by the portfolio revaluation. The company remains committed to sustainability, updating its Green Bond Framework to support environmentally friendly real estate projects. Moving forward, PSP Swiss Property expects stable rental demand and a slight increase in transaction market activity.

The most recent analyst rating on (CH:PSPN) stock is a Buy with a CHF132.00 price target. To see the full list of analyst forecasts on PSP Swiss Property AG stock, see the CH:PSPN Stock Forecast page.