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Schindler Holding AG (CH:SCHP)
:SCHP
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Schindler Holding AG
(OTC:SCHP)
Rating:73Outperform
Price Target:
CHF330.00
▲(8.13% Upside)
Schindler Holding AG (SCHP) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
$32.03B
Dividend Yield1.95%
Average Volume (3M)72.05K
Price to Earnings (P/E)33.1
Beta (1Y)0.71
Revenue Growth-2.07%
EPS Growth9.68%
CountryCH
Employees70,162
SectorIndustrials
Sector Strength78
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.42
Shares Outstanding40,716,830
10 Day Avg. Volume60,042
30 Day Avg. Volume72,052
Financial Highlights & Ratios
PEG Ratio2.93
Price to Book (P/B)5.44
Price to Sales (P/S)2.40
P/FCF Ratio18.12
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue5.43
Enterprise Value/Gross Profit6.67
Enterprise Value/Ebitda45.71
Forecast
1Y Price Target
$297.62Price Target Upside-2.48% Downside
Rating ConsensusHold
Number of Analyst Covering10
Schindler Holding AG Business Overview & Revenue Model
Company DescriptionSchindler 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 channels, such as Schindler Ahead DoorShow, which displays information, advertising, and announcements on the elevator landing doors; Schindler Ahead SmartMirror, a mirror and a screen for entertainment or information; Schindler Ahead AdScreen that delivers messages on screen inside the elevator; and Schindler Ahead MediaScreen, an in-car media solution for elevators. In addition, the company provides digital services, including Schindler Ahead ActionBoard that collates all the important statistics, activities, and performance data of elevators; and Schindler Ahead RemoteMonitoring which provides information about equipment's health. Further, it also offers s digital solutions for transit and building management. The company provides its products and services to residential buildings, office buildings, hotels, healthcare facilities, malls and retail facilities, public transport locations, mixed-use buildings, institutional buildings, and marines, as well as stadiums, arenas, and convention centers. Schindler Holding AG was founded in 1874 and is based in Hergiswil, Switzerland.
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:Jul 18, 2025
(Q2-2025)
| % Change Since: 1.94%|
Next Earnings Date:Oct 24, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with strong operational improvements and growth in specific segments like Modernization and SG&A efficiencies, but faced significant challenges in the Chinese market and with currency and tariff headwinds. While operational margins improved and new products were well-received, the decline in Chinese new installations and increased restructuring costs posed notable challenges.Q2-2025 Updates
Positive Updates
Order Growth and Modernization Surge
The company reported over 5% order growth in local currencies, with the Modernization business growing 22% in the first half of the year. The Modernization segment saw accelerated double-digit growth in all regions.
Strong Operating Margin
Operating margin reached 12.3% for the first half of the year, with SG&A efficiency initiatives and procurement and supply chain operations supporting the margins.
Positive Response to U.S. Mid-Rise Product
The new U.S. mid-rise product launch received overwhelmingly positive customer feedback, with successful initial installations setting up for a complete rollout in the coming quarters.
Efficiency Gains in SG&A
Significant operational improvements were noted, with SG&A cost reductions and solid procurement savings contributing to a standout EBIT margin performance of 13.5% adjusted in Q2, up 190 basis points year-on-year.
Negative Updates
Decline in China New Installations
Revenue in China new installations declined by almost 30%, heavily impacting overall revenue growth. The prolonged weakness of the Chinese market was a significant headwind.
Currency and Tariff Headwinds
Severe currency headwinds affected order intake growth, with CHF 196 million shaved off due to FX. Tariffs also posed a risk, with an estimated gross impact of CHF 20 million.
Reduced China Service Market Growth Outlook
The company reduced its China Service market growth outlook due to fewer units being converted to the installed base, a result of the prolonged NI market contraction.
Increased Restructuring Costs
Restructuring costs were raised to CHF 70 million for the year, up from a prior view of CHF 50 million, primarily due to efficiency opportunities identified in the China organization.
Company Guidance
During the Schindler Half Year Results 2025 Conference Call, the company reported a return to organic growth with a 5% increase in orders in local currencies and a significant 22% growth in its Modernization business. While revenue growth was modest, the backlog increased by 4%, supporting the forecast of low single-digit revenue growth for the full year 2025. Schindler achieved a strong operating margin of 12.3% in the first half, with operating cash flow reaching CHF 703 million. Despite challenges such as tariffs and currency headwinds, the company remains focused on efficiency initiatives to sustain margins. The market outlook for 2025 anticipates mid-single digit growth in global service markets, with modernization markets projected to grow mid- to high single-digits worldwide. However, the new installations market is expected to decline by high single-digits, driven by a contraction in China. Schindler's guidance remains unchanged, expecting low single-digit revenue growth and a reported EBIT margin of 12% for the full year.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. Key metrics like a low debt-to-equity ratio, high ROE, and significant free cash flow growth highlight financial robustness. However, a slight dip in revenue growth is a minor concern.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
305.20
Price Trends
295.77
Positive
290.79
Positive
274.13
Positive
Market Momentum
2.55
Negative
64.56
Neutral
70.82
Neutral
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 305.2 is above the 20-day moving average (MA) of 298.71, above the 50-day MA of 295.77, and above the 200-day MA of 274.13, indicating a bullish trend. The MACD of 2.55 indicates Negative momentum. The RSI at 64.56 is Neutral, neither overbought nor oversold. The STOCH value of 70.82 is Neutral, 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
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | CHF4.08B | 18.10 | 2.78% | -11.64% | -24.17% | ||
73 Outperform | $32.03B | 33.13 | 20.88% | 1.95% | -2.07% | 9.68% | |
70 Outperform | CHF2.54B | 34.23 | 1.84% | 11.43% | 6.46% | ||
68 Neutral | CHF1.94B | 32.64 | 1.38% | -3.67% | -12.95% | ||
65 Neutral | £2.65B | 12.66 | 3.41% | 3.25% | 2.42% | -22.46% | |
64 Neutral | CHF5.42B | 19.54 | 2.06% | -24.42% | 32.48% | ||
| ― | $10.22B | 39.87 | 32.09% | 2.73% | ― | ― |
* Industrials Sector Average
Performance Comparison
CH:SCHP
Schindler Holding AG
305.20
74.31
32.18%
CH:KARN
Kardex AG
326.50
77.99
31.38%
CH:INRN
Interroll Holding AG
2,315.00
-169.32
-6.82%
CH:BUCN
Bucher Industries AG
393.50
48.47
14.05%
CH:GF
Georg Fischer AG
64.70
1.07
1.68%
VTTGF
VAT Group AG
336.42
-172.53
-33.90%
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.