Schindler Holding AG (CH:SCHP)
:SCHP
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Schindler Holding AG
(SCHP)
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Rating:71Outperform
Price Target:
CHF284.00
▲(3.80% Upside)
Action:UpgradedDate:02/18/26
The score is driven primarily by strong financial fundamentals (low leverage, solid cash generation, improved profitability) and supportive 2026 guidance for continued margin progress. These positives are tempered by weak technical momentum (below key moving averages, negative MACD) and a relatively high P/E, with ongoing macro/FX and China New Installation risks highlighted on the earnings call.
Positive Factors
Conservative balance sheet
Schindler's low leverage and rising equity provide a durable financial cushion against cyclical new-installation downturns. Strong capitalization and declining nominal debt support continued investment in modernization, shareholder distributions, and the ability to absorb restructuring or regional shocks without straining liquidity.
Negative Factors
New Installation exposure to China
Heavy exposure to China new-installation cyclicality materially depresses top-line growth when that market weakens. Persistent weakness in Chinese home starts and NI volumes can constrain backlog, slow equipment sales rollout, and force selective bidding that reduces conversion and near-term revenue visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Schindler's low leverage and rising equity provide a durable financial cushion against cyclical new-installation downturns. Strong capitalization and declining nominal debt support continued investment in modernization, shareholder distributions, and the ability to absorb restructuring or regional shocks without straining liquidity.
Read all positive factors
Schindler Holding AG (SCHP) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF28.19B
Dividend Yield2.01%
Average Volume (3M)94.01K
Price to Earnings (P/E)31.6
Beta (1Y)0.61
Revenue Growth-2.07%
EPS Growth9.68%
CountryCH
Employees70,162
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.44
Shares Outstanding40,017,002
10 Day Avg. Volume81,492
30 Day Avg. Volume94,006
Financial Highlights & Ratios
PEG Ratio4.29
Price to Book (P/B)6.34
Price to Sales (P/S)2.93
P/FCF Ratio23.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF308.78Price Target Upside12.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)10.51
Revenue Forecast (FY)CHF11.17B
Schindler Holding AG Business Overview & Revenue Model
Company Description
Schindler Holding AG engages in the production, installation, maintenance, and modernization of elevators, escalators, and moving walks worldwide. It also offers digital media services for providing information, communication, and entertainment ch...
How the Company Makes Money
Schindler primarily makes money through two major revenue streams: (1) New installations and related project work, and (2) after-sales services. In new installations, Schindler sells and installs new elevators and escalators, typically as project-...
Schindler Holding AG Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call communicated a clear operational recovery milestone with strong profitability improvement (12.6% EBIT margin), robust cash generation (CHF 1.5bn) and concrete product and digital progress (standardized platforms, U.S. ERP, Modernization momentum). At the same time, growth was constrained by a pronounced New Installation decline—primarily in China—material FX headwinds (>CHF 450m), and continued restructuring/tariff/commodity pressures. Management provided constructive 2026 guidance (low‑to‑mid single‑digit revenue growth in LC and 13% EBIT) and a plan to accelerate profitable growth, indicating a transition from recovery to growth execution.Positive Updates
Sustained Margin Recovery
Reported EBIT margin reached 12.6% for FY25 (13.0% in Q4), marking the 12th consecutive quarter of year‑on‑year EBIT margin improvement and exceeding the initial annual expectation (~12%).
Negative Updates
New Installation (NI) Weakness
Global New Installation order volumes declined by over 10% in FY25 and over 15% in Q4, driven primarily by China (NI down mid‑20s for the year and mid‑30s in Q4), which suppressed overall growth.
Read all updates
Q4-2025 Updates
Positive
Negative
Sustained Margin Recovery
Reported EBIT margin reached 12.6% for FY25 (13.0% in Q4), marking the 12th consecutive quarter of year‑on‑year EBIT margin improvement and exceeding the initial annual expectation (~12%).
Read all positive updates
Company Guidance
Schindler guided 2026 to low- to mid-single-digit revenue growth in local currency and a reported EBIT margin of 13%, driven by company-level Modernization growth expected to be up double-digits (market-wide MOD seen as mid‑ to high-single-digit) and a stabilizing New Installation business (even though the global NI market is forecast to decline >5% owing to China’s NI contraction of >10% and Chinese home starts down ~20% y/y); Service markets are expected to continue expanding across all regions (2025 Service was mid-single-digit, with strongest growth in APAC/India and weakest in the Americas). Management quantified an annual gross tariff headwind of ~CHF 18m (versus an earlier CHF 33m estimate) to be largely mitigated by pricing/cost actions, expects up to CHF 60m of restructuring costs in 2026, anticipates the mix benefit from prior years to neutralize or turn slightly negative, and plans to deliver roughly the same overall level of incremental savings in 2026 as in 2025 (shifting more to field efficiencies to offset moderating procurement/SG&A gains); they also highlighted continued cash strength (net liquidity CHF 3.9bn) and proposed 2025 shareholder distributions of CHF 6 ordinary + CHF 0.80 extraordinary (72% payout).Schindler Holding AG Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
83
Very Positive
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.95B | 11.24B | 11.49B | 11.35B | 11.24B |
| Gross Profit | 7.06B | 7.03B | 8.06B | 3.02B | 3.19B |
| EBITDA | 1.73B | 1.65B | 1.56B | 1.23B | 1.49B |
| Net Income | 1.01B | 950.00M | 866.00M | 610.00M | 828.00M |
Balance Sheet | |||||
| Total Assets | 11.72B | 12.00B | 11.31B | 11.81B | 11.97B |
| Cash, Cash Equivalents and Short-Term Investments | 4.27B | 4.07B | 3.57B | 3.44B | 3.82B |
| Total Debt | 678.00M | 812.00M | 699.00M | 1.04B | 1.09B |
| Total Liabilities | 6.58B | 6.95B | 6.60B | 7.36B | 7.54B |
| Stockholders Equity | 5.06B | 4.95B | 4.60B | 4.33B | 4.30B |
Cash Flow | |||||
| Free Cash Flow | 1.38B | 1.49B | 1.17B | 558.00M | 1.18B |
| Operating Cash Flow | 1.49B | 1.59B | 1.27B | 688.00M | 1.31B |
| Investing Cash Flow | -447.00M | -476.00M | 44.00M | -646.00M | -374.00M |
| Financing Cash Flow | -1.22B | -882.00M | -1.05B | -683.00M | -614.00M |
Schindler Holding AG Technical Analysis
Negative
273.60
Price Trends
276.37
Negative
281.59
Negative
285.55
Negative
Market Momentum
-2.41
Negative
57.96
Neutral
91.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:SCHP, the sentiment is Negative. The current price of 273.6 is above the 20-day moving average (MA) of 261.48, below the 50-day MA of 276.37, and below the 200-day MA of 285.55, indicating a neutral trend. The MACD of -2.41 indicates Negative momentum. The RSI at 57.96 is Neutral, neither overbought nor oversold. The STOCH value of 91.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | CHF1.98B | 54.72 | ― | 2.17% | 11.43% | 6.46% | |
73 Outperform | CHF3.71B | 15.87 | ― | 2.99% | -11.64% | -24.17% | |
71 Outperform | CHF28.19B | 31.57 | 21.01% | 2.01% | -2.07% | 9.68% | |
71 Outperform | CHF16.49B | 53.97 | 32.09% | 1.63% | 19.22% | 11.62% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | CHF1.32B | 33.61 | ― | 1.46% | -3.67% | -12.95% | |
49 Neutral | CHF3.48B | 42.66 | ― | 2.53% | -24.42% | 32.48% |
* Industrials Sector Average
CH:SCHP
Schindler Holding AG
273.60
10.59
4.03%
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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.