Schindler Holding AG (CH:SCHP)
:SCHP
Want to see CH:SCHP full AI Analyst Report?
Top Page
Schindler Holding AG
(SCHP)
Select Model
Select Model
Rating:71Outperform
Price Target:
CHF297.00
▲(7.38% Upside)
Action:ReiteratedDate:04/23/26
The score is driven primarily by strong financial quality (low leverage and consistently strong cash generation) and a supportive earnings outlook with confirmed 2026 guidance and margin/cash-flow strength. Offsetting factors are a relatively expensive valuation (P/E 31.6) and a mixed technical picture with the stock below key longer-term moving averages.
Positive Factors
Conservative balance sheet and low leverage
Very low leverage and rising equity provide durable financial flexibility. A conservative balance sheet reduces refinancing and liquidity risk through downturns, enables funding of modernization projects and productivity initiatives, and supports capital returns without stressing operations over the next several years.
Negative Factors
Limited top-line growth and recent revenue stagnation
A persistent lack of meaningful revenue growth constrains the company's ability to leverage fixed costs for sustained margin expansion. With topline broadly flat, future profit gains depend heavily on efficiency programs and service mix improvements rather than organic scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and low leverage
Very low leverage and rising equity provide durable financial flexibility. A conservative balance sheet reduces refinancing and liquidity risk through downturns, enables funding of modernization projects and productivity initiatives, and supports capital returns without stressing operations over the next several years.
Read all positive factors
Schindler Holding AG (SCHP) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF28.45B
Dividend Yield2.01%
Average Volume (3M)94.01K
Price to Earnings (P/E)31.6
Beta (1Y)0.61
Revenue Growth-2.57%
EPS Growth7.28%
CountryCH
Employees70,162
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)9.48
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
CHF310.38Price Target Upside12.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)10.37
Revenue Forecast (FY)CHF11.08B
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:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 17, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive operational story: strong margin expansion, robust cash flow, healthy modernization momentum, product rollouts and confirmed full-year guidance. However, the company is managing notable headwinds—significant FX impacts, China weakness in new installations, Middle East-related logistics and additional cost inflation and tariff uncertainty. Management highlighted active mitigation (pricing, surcharges, procurement and field efficiencies) and reiterated productivity targets, balancing near-term pressures with solid execution. Overall the positives around margins, cash generation and modernization execution modestly outweigh the macro and regional challenges.Positive Updates
Order Intake Growth Resilient
Order intake grew close to 3% in Q1 (reported ~2.8%). Excluding China, order intake growth was stronger at ~4.3%, demonstrating broad-based demand outside the China headwind.
Negative Updates
Soft Group Revenue Start
Total group revenue growth was modest at 1.7% in Q1, reflecting a softer start to 2026 and mixed segment performance.
Read all updates
Q1-2026 Updates
Positive
Negative
Order Intake Growth Resilient
Order intake grew close to 3% in Q1 (reported ~2.8%). Excluding China, order intake growth was stronger at ~4.3%, demonstrating broad-based demand outside the China headwind.
Read all positive updates
Company Guidance
Schindler confirmed unchanged 2026 guidance: revenue growth of low to mid‑single digits in local currency and an annual operating margin target of 13%, supported by a ~CHF200m efficiency program; Q1 metrics that underpin the outlook included order intake ~3% (2.8% reported; 4.3% ex‑China), group revenue +1.7% in Q1, modernization order intake +15% with modernization revenue up double‑digits and backlog +2.5% y/y (3% sequentially), new installations revenue down high‑single digits (China NI down >20%), operating margin up 100 bps to 13% in Q1, net profit margin now in double digits, operating cash flow CHF532m (over CHF500m) and the company expects cash conversion >100% again in 2026; headwinds noted include an FX hit of ~CHF180–200m (~7%) to revenue/order intake and an expected up to CHF50m p.a. of additional cost inflation (plus ~CHF15m tariffs), which management intends to offset through pricing and the stated efficiency levers.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
Neutral
276.60
Price Trends
274.20
Positive
281.48
Negative
285.31
Negative
Market Momentum
0.95
Negative
64.65
Neutral
84.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:SCHP, the sentiment is Neutral. The current price of 276.6 is above the 20-day moving average (MA) of 263.77, above the 50-day MA of 274.20, and below the 200-day MA of 285.31, indicating a neutral trend. The MACD of 0.95 indicates Negative momentum. The RSI at 64.65 is Neutral, neither overbought nor oversold. The STOCH value of 84.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | CHF2.16B | 105.88 | ― | 2.17% | 5.79% | -49.07% | |
73 Outperform | CHF3.27B | 9.97 | ― | 2.99% | -7.64% | 4.78% | |
71 Outperform | CHF28.45B | 31.57 | 21.01% | 2.01% | -2.57% | 7.28% | |
71 Outperform | CHF18.11B | 26.58 | 32.09% | 1.63% | 13.94% | 1.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | CHF1.37B | 13.75 | ― | 1.46% | -2.46% | -11.13% | |
49 Neutral | CHF3.68B | -19.27 | ― | 2.53% | -22.94% | -51.88% |
* Industrials Sector Average
CH:SCHP
Schindler Holding AG
275.20
-12.36
-4.30%
CH:KARN
Kardex AG
280.00
55.93
24.96%
CH:INRN
Interroll Holding AG
1,654.00
-215.39
-11.52%
CH:BUCN
Bucher Industries AG
319.50
-51.08
-13.78%
CH:GF
Georg Fischer AG
44.88
-15.87
-26.12%
CH:VACN
VAT Group AG
604.00
306.14
102.78%
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.