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Schindler Holding AG (CH:SCHP)
:SCHP
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Schindler Holding AG
(SCHP)
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Rating:71Outperform
Price Target:
CHF331.00
▲(9.68% Upside)
Schindler Holding AG's overall score reflects its strong financial performance and operational improvements, particularly in the Modernization segment. However, valuation concerns and challenges in the Chinese market weigh on the score. The neutral technical indicators suggest a balanced outlook.
Schindler Holding AG (SCHP) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF31.55B
Dividend Yield1.96%
Average Volume (3M)106.84K
Price to Earnings (P/E)33.3
Beta (1Y)0.65
Revenue Growth-2.07%
EPS Growth9.68%
CountryCH
Employees70,162
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.36
Shares Outstanding40,716,830
10 Day Avg. Volume89,132
30 Day Avg. Volume106,836
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF302.00Price Target Upside0.07% Upside
Rating ConsensusHold
Number of Analyst Covering5
Schindler Holding AG Business Overview & Revenue Model
Company DescriptionSchindler Holding AG is a global leader in the elevator and escalator industry, headquartered in Switzerland. The company operates through two main sectors: new installations and maintenance & modernization. Schindler designs, manufactures, installs, and services a wide range of passenger and freight elevators, escalators, and moving walkways. With a strong commitment to innovation and sustainability, Schindler provides solutions that enhance mobility in urban environments, catering to both residential and commercial buildings worldwide.
How the Company Makes MoneySchindler generates revenue primarily through the sale of new elevator and escalator installations, which include both products and installation services. A significant portion of its earnings also comes from ongoing maintenance and modernization contracts, which provide recurring income as customers require regular servicing and upgrades to existing systems. The company benefits from long-term partnerships with construction firms, real estate developers, and property managers, ensuring a steady flow of projects. Additionally, Schindler's focus on innovative technologies, such as smart building solutions and energy-efficient products, positions it favorably in a competitive market, contributing to its overall financial performance.
Schindler Holding AG Earnings Call Summary
Earnings Call Date:Oct 24, 2025
(Q3-2025)
| Next Earnings Date:Feb 11, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with strong performance in modernization and operational efficiency, but significant challenges in the Chinese market and external headwinds such as tariffs and FX impacts. While there are positive signs in the U.S. market and sustainability initiatives, the revenue and order declines in China weigh heavily on overall performance.Q3-2025 Updates
Positive Updates
Strong Modernization Growth
Modernization orders were up over 16% in the quarter, continuing the strong momentum from the previous year. Notably, in China, modernization orders grew by over 50% in Q3 and are close to 40% year-to-date.
Operating Margin Improvement
The operating margin in Q3 was 13%, up 130 basis points from the previous year. The full-year margin guidance has been revised to around 12.5%, up from 12% previously, due to successful efficiency initiatives.
Successful U.S. Mid-Rise Product Launch
The rollout of the new U.S. mid-rise product has exceeded order intake expectations, leveraging a standardized modular platform to gain market share in the U.S. mid-rise market.
Innovation in Sustainability
Schindler is installing the industry's first low-carbon emission steel elevator, reducing carbon emissions by up to 75%, marking progress towards the 2040 net zero target.
Recognition as a Top Employer
Schindler has been recognized by Forbes as one of the world's best employers, ranking third globally in the engineering and manufacturing sector.
Negative Updates
Significant Revenue Decline in China
Revenue decline in China intensified, with new installation orders down over 30% in value in Q3, driving group new installation orders down mid-single digits.
Overall Revenue Slowdown
Revenue slowed in the quarter, down 0.5%, and year-to-date revenue is only up 0.8%. The full-year revenue growth is expected to be low single-digit, similar to the previous year.
FX Headwinds
The company faced over CHF 100 million hit to both order intake and revenue due to foreign exchange headwinds.
Tariff Challenges
U.S. tariffs on Swiss imports have increased, potentially leading to a CHF 72 million gross tariff impact if further escalations occur.
Company Guidance
During the Schindler Q3 2025 earnings call, the company provided several key metrics and guidance for the fiscal year. The company faced growth headwinds in major new installation markets, particularly in China, with new installation orders in China declining by over 30% in value for Q3. However, modernization orders were up over 16% in the quarter, contributing positively to the overall order growth. Schindler's revenue for the quarter slowed by 0.5%, while year-to-date revenue increased by 0.8%. Despite these challenges, Schindler achieved a strong operating margin of 13% for Q3, up 130 basis points from the previous year, and revised its full-year 2025 margin guidance to 12.5% from the previous 12%. The backlog grew by 1.5% year-on-year in local currency, driven by the modernization business. For the full year, Schindler expects a very low single-digit revenue growth, replicating the growth pattern from 2024. The company also highlighted progress in sustainability initiatives and was recognized by Forbes as one of the world's best employers.Schindler Holding AG Financial Statement Overview
Summary
Schindler Holding AG exhibits a well-rounded financial profile with strong profitability, effective cost management, and solid cash flow generation. The company's low leverage and high returns on equity enhance its financial robustness, positioning it well for future growth in the industrial machinery sector. However, a slight dip in revenue growth is a potential area for improvement.Income Statement
Schindler Holding AG demonstrates solid profitability with a gross profit margin of 62.53% and a net profit margin of 8.45% for 2024. Despite a minor revenue decline of 2.24% year-over-year, the company maintains strong EBIT (11.26%) and EBITDA (14.65%) margins. These figures highlight good cost management and operational efficiency, although the slight revenue drop indicates a potential area for improvement.75
Positive
Balance Sheet
The company maintains a robust financial position with a low debt-to-equity ratio of 0.16, indicating conservative leverage. The return on equity (ROE) is healthy at 19.17%, showcasing efficient use of equity to generate profits. An equity ratio of 41.28% further underscores strong asset backing by equity, enhancing financial stability.80
Positive
Cash Flow
Schindler's cash flow is strong, with a substantial free cash flow growth rate of 27.11% year-over-year. The operating cash flow to net income ratio of 1.68 and a free cash flow to net income ratio of 1.56 indicate excellent cash conversion efficiency, suggesting robust liquidity and operational performance.82
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.61B | 11.24B | 11.49B | 11.35B | 11.24B | 10.64B |
| Gross Profit | 4.57B | 7.03B | 8.06B | 3.02B | 3.19B | 2.96B |
| EBITDA | 667.00M | 1.65B | 1.58B | 1.27B | 1.49B | 1.39B |
| Net Income | 507.00M | 950.00M | 866.00M | 610.00M | 828.00M | 722.00M |
Balance Sheet | ||||||
| Total Assets | 11.34B | 12.00B | 11.31B | 11.81B | 11.97B | 10.88B |
| Cash, Cash Equivalents and Short-Term Investments | 3.59B | 4.07B | 3.57B | 3.44B | 3.82B | 3.39B |
| Total Debt | 680.00M | 812.00M | 699.00M | 1.04B | 1.09B | 939.00M |
| Total Liabilities | 6.64B | 6.95B | 6.60B | 7.36B | 7.54B | 6.87B |
| Stockholders Equity | 4.61B | 4.95B | 4.60B | 4.33B | 4.30B | 3.89B |
Cash Flow | ||||||
| Free Cash Flow | 1.52B | 1.49B | 1.17B | 558.00M | 1.18B | 1.44B |
| Operating Cash Flow | 1.62B | 1.59B | 1.27B | 688.00M | 1.31B | 1.58B |
| Investing Cash Flow | -831.00M | -476.00M | 44.00M | -646.00M | -374.00M | -671.00M |
| Financing Cash Flow | -999.00M | -882.00M | -1.05B | -683.00M | -614.00M | -804.00M |
Schindler Holding AG Technical Analysis
Positive
301.80
Price Trends
301.30
Positive
298.14
Positive
285.73
Positive
Market Momentum
-0.48
Negative
55.64
Neutral
83.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:SCHP, the sentiment is Positive. The current price of 301.8 is above the 20-day moving average (MA) of 298.68, above the 50-day MA of 301.30, and above the 200-day MA of 285.73, indicating a bullish trend. The MACD of -0.48 indicates Negative momentum. The RSI at 55.64 is Neutral, neither overbought nor oversold. The STOCH value of 83.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:SCHP.
Schindler Holding AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | CHF31.55B | 33.28 | 20.88% | 1.96% | -2.07% | 9.68% | |
70 Outperform | CHF2.26B | 31.21 | ― | 2.00% | 11.43% | 6.46% | |
69 Neutral | CHF1.96B | 33.47 | ― | 1.33% | -3.67% | -12.95% | |
68 Neutral | $10.14B | 45.37 | 32.09% | 1.92% | 19.22% | 11.62% | |
67 Neutral | CHF3.80B | 17.08 | ― | 2.92% | -11.64% | -24.17% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | CHF4.76B | 17.16 | ― | 2.33% | -24.42% | 32.48% |
* Industrials Sector Average
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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.