PSP Swiss Property AG (PSPN) AI Stock Analysis

• Market Cap: CHF6.20B
• Dividend Yield: 2.92%
• Average Volume (3M): 71.80K
• Price to Earnings (P/E): 15.0
• Beta (1Y): 0.15
• 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: 81,009
• 30 Day Avg. Volume: 71,797
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: CHF146.67
• Price Target Upside: 9.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 64 Neutral
• Price Target: CHF149.00 ▲(11.69% Upside)

PSP Swiss Property AG exhibits strong financial performance with excellent profitability margins and a solid balance sheet. However, technical analysis indicates weak momentum, which could suggest potential short-term risks. The valuation is moderate, with a reasonable P/E ratio and attractive dividend yield. Key areas to watch include revenue growth and cash flow trends.

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 solid financial performance with strong profitability metrics such as a high net profit margin of 101.81% and EBIT margin of 132.43%. The balance sheet is stable with a low debt-to-equity ratio of 0.63, indicating moderate leverage. However, there are concerns about declining revenue and cash flow generation, which need to be addressed for sustained financial health.

Income Statement

PSP Swiss Property AG has shown a consistent ability to generate revenue with a modest revenue growth rate of -1.25% in the most recent year. The company maintains strong profitability with a high gross profit margin of 93.25% and an impressive net profit margin of 101.81%. The EBIT margin is exceptionally robust at 132.43%, indicating efficient operational management. However, the slight decline in total revenue year-over-year may indicate market challenges.

Balance Sheet

The balance sheet reflects a solid financial structure with a debt-to-equity ratio of 0.63, suggesting moderate leverage. The return on equity (ROE) is strong at 6.93%, indicating effective use of equity to generate profit. PSP Swiss Property maintains a stable equity ratio of 54.51%, highlighting a healthy balance between equity and total assets. Overall, the company demonstrates financial stability and prudent capital management.

Cash Flow

The cash flow statement shows a decline in free cash flow by 56.15% year-over-year, reflecting potential short-term cash constraints. The operating cash flow to net income ratio is 0.57, suggesting a need for improvement in converting income to cash. Nonetheless, the free cash flow to net income ratio of 0.32, while lower, indicates the company's ability to generate cash relative to net income, though there is room for enhancement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	362.38M	368.14M	372.81M	409.69M	384.77M	342.94M
Gross Profit	341.59M	343.29M	326.97M	316.69M	312.94M	292.58M
EBITDA	455.57M	488.97M	298.59M	292.19M	287.17M	271.05M
Net Income	354.53M	374.95M	207.59M	329.96M	595.02M	292.09M
Balance Sheet
Total Assets	9.94B	9.92B	9.79B	9.48B	9.18B	8.67B
Cash, Cash Equivalents and Short-Term Investments	34.30M	56.97M	141.68M	20.74M	20.38M	32.34M
Total Debt	3.34B	3.38B	3.47B	1.95B	1.94B	2.04B
Total Liabilities	4.46B	4.51B	4.57B	4.29B	4.16B	4.09B
Stockholders Equity	5.47B	5.41B	5.22B	5.20B	5.02B	4.58B
Cash Flow
Free Cash Flow	120.68M	121.39M	276.71M	166.46M	139.33M	75.99M
Operating Cash Flow	201.55M	212.96M	276.90M	316.44M	297.50M	209.77M
Investing Cash Flow	-41.05M	-38.14M	-353.61M	-222.14M	-105.04M	-490.96M
Financing Cash Flow	-153.42M	-259.53M	197.65M	-93.94M	-204.41M	293.86M

PSP Swiss Property AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 133.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• 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 133.4 is below the 20-day moving average (MA) of 137.24, below the 50-day MA of 141.12, and below the 200-day MA of 134.12, indicating a neutral trend. The MACD of -1.60 indicates Positive momentum. The RSI at 40.40 is Neutral, neither overbought nor oversold. The STOCH value of 31.61 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
PSPN	64 Neutral	CHF6.20B	15.01		2.92%	-4.76%	43.88%
Sector *	60 Neutral	€2.88B	7.94	0.78%	4.84%	-0.25%	11.22%
ALRHF	―	$3.71B	15.68	8.11%	―	―	―
0R8X	―	CHF819.72M	16.21	6.96%	2.27%	―	―
SWPRF	―	$11.17B	26.32	5.41%	3.30%	―	―
NREN	73 Outperform	CHF401.75M	18.72		3.54%	45.30%	823.48%
FREN	―	CHF541.13M	17.75		3.32%	―	―

PSP Swiss Property AG Corporate Events

PSP Swiss Property Reports Solid Q1 2025 Results Amid Strategic Developments

PSP Swiss Property AG reported a solid operational result for Q1 2025, with a real estate portfolio valued at CHF 9.9 billion and a vacancy rate of 3.5%. Despite a decrease in net profit due to lower portfolio revaluation, the company remains optimistic about the Swiss real estate market, expecting robust rental demand and a slight revival in the transaction market. The company is undertaking significant development projects in Geneva and Zurich, and its capital structure remains strong with a high equity ratio and low financing costs.

The most recent analyst rating on (CH:PSPN) stock is a Buy with a CHF130.00 price target. To see the full list of analyst forecasts on PSP Swiss Property AG stock, see the CH:PSPN Stock Forecast page.