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SIG Group AG
(SIGN)
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Rating:61Neutral
Price Target:
CHF15.00
▲(6.53% Upside)
Action:Reiterated
Date:07/28/26
The score is primarily supported by steady operating/cash generation characteristics and a constructive technical uptrend (price above major moving averages). These positives are tempered by the recent net loss/earnings volatility (and associated negative P/E) and an earnings outlook that, while reaffirmed, remains exposed to geopolitical-driven input and freight cost uncertainty plus regional/segment softness.
Positive Factors
Integrated recurring consumables business model
SIG’s integrated model ties consumable carton-pack sales to installed filling equipment and recurring service revenue, creating high customer switching costs and predictable repeat demand. This structural lock-in supports stable top-line visibility and long-term cash generation independent of short-term cycles.
Negative Factors
Elevated financial leverage versus equity
Meaningful leverage reduces resilience to profit shocks and increases refinancing and covenant risk. Even with recent net‑debt declines, material debt relative to equity means weaker earnings or prolonged margin pressure could quickly constrain investment freedom and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated recurring consumables business model
SIG’s integrated model ties consumable carton-pack sales to installed filling equipment and recurring service revenue, creating high customer switching costs and predictable repeat demand. This structural lock-in supports stable top-line visibility and long-term cash generation independent of short-term cycles.
Read all positive factors
SIG Group AG (SIGN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF5.62B
Dividend YieldN/A
Average Volume (3M)2.64M
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue Growth-4.89%
EPS Growth-122.68%
CountryCH
Employees8,471
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)-0.11
Shares Outstanding382,270,870
10 Day Avg. Volume1,792,484
30 Day Avg. Volume2,636,554
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)1.75
Price to Sales (P/S)1.42
P/FCF Ratio19.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF15.80Price Target Upside12.22% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)0.76
Revenue Forecast (FY)CHF3.28B
SIG Group AG Business Overview & Revenue Model
Company Description
SIG Group AG provides aseptic carton packaging systems and solutions for beverage and food products primarily in Europe, India, the Middle East, Africa, the Asia Pacific, and the Americas. The company provides carton, bag-in-box, and spouted pouch...
How the Company Makes Money
SIG primarily makes money through an integrated packaging-system model: (1) recurring sales of aseptic carton packs (the consumable packaging used by customers) that are purchased continuously as customers run production; (2) sales of filling mach...
SIG Group AG Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 02, 2027
Earnings Call Sentiment Positive
The call conveyed resilient operational execution: revenue modestly grew at constant currency, adjusted EBIT and margins improved, free cash flow strengthened materially and leverage improved under covenant metrics. Growth was led by the Americas and aseptic carton, while product innovation (SIG Terra) and strategic investments (Mexico, India fillers) were notable positives. Offsetting these are persistent headwinds from geopolitical-driven raw material and freight inflation, regional softness (notably Europe, chilled carton, bag‑in‑box and spouted pouch), price pressure in China, and some one-off/timing items (tax, hedge effects, inventory build). Management confirmed full‑year guidance but emphasized ongoing uncertainty tied to the Middle East and procurement exposure.Positive Updates
Revenue Growth at Constant Currency
Reported first half revenue EUR 1.56 billion; revenue increased 0.8% at constant currency (and +0.4% excluding resin pass-through in bag-in-box). Aseptic carton grew 1.6% and Q2 revenue grew 1.5% at constant currency.
Negative Updates
Geopolitical-Driven Cost Pressure
Conflict in the Middle East created volatility with higher raw material (resin, LPG) and freight costs; the unhedged portion of higher raw material costs turned sourcing negative in Q2 and inventories purchased at lower costs were consumed, increasing near‑term cost pressure.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth at Constant Currency
Reported first half revenue EUR 1.56 billion; revenue increased 0.8% at constant currency (and +0.4% excluding resin pass-through in bag-in-box). Aseptic carton grew 1.6% and Q2 revenue grew 1.5% at constant currency.
Read all positive updates
Company Guidance
SIG confirmed its 2026 guidance: revenue growth of 0–2%, adjusted EBIT margin of 15.7–16.2%, net CapEx (including leases) of 6–8% of revenue, and an adjusted effective tax rate of 26–28%; filler placements are expected in the lower half of the normal 60–80 corridor. Management noted the H1 results that underpin the guidance (H1 revenue €1.56bn, adjusted EBIT €244m and a 15.6% margin, adjusted net income €133m, ROCE 25%, H1 free cash flow –€32m with Q2 free cash flow +€32m) and highlighted improved leverage under the group covenant to 2.8x (reported 3.0x) and a ~€290m decline in net debt year‑on‑year, while warning that freight and raw‑material volatility from the Middle East could continue to affect the outlook.SIG Group AG Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
60
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.23B | 3.27B | 3.33B | 3.23B | 2.78B | 2.06B |
| Gross Profit | 556.27M | 770.70M | 771.20M | 761.40M | 575.20M | 484.60M |
| EBITDA | 449.42M | 764.96M | 824.10M | 851.20M | 502.20M | 565.50M |
| Net Income | -44.41M | -87.57M | 194.50M | 243.20M | 37.80M | 172.10M |
Balance Sheet | ||||||
| Total Assets | 7.26B | 7.07B | 7.69B | 7.53B | 7.80B | 5.49B |
| Cash, Cash Equivalents and Short-Term Investments | 289.00M | 354.02M | 287.80M | 280.90M | 490.00M | 300.20M |
| Total Debt | 2.45B | 2.49B | 2.47B | 2.45B | 2.67B | 1.72B |
| Total Liabilities | 4.35B | 4.41B | 4.56B | 4.44B | 4.74B | 3.17B |
| Stockholders Equity | 2.92B | 2.66B | 3.13B | 3.10B | 3.06B | 2.33B |
Cash Flow | ||||||
| Free Cash Flow | 337.51M | 235.43M | 339.20M | 264.40M | 278.50M | 285.00M |
| Operating Cash Flow | 613.12M | 522.59M | 649.20M | 663.30M | 578.20M | 530.90M |
| Investing Cash Flow | -255.09M | -270.35M | -307.80M | -395.90M | -917.90M | -303.80M |
| Financing Cash Flow | -317.82M | -184.30M | -320.20M | -476.50M | 538.80M | -293.60M |
SIG Group AG Technical Analysis
Positive
14.08
Price Trends
13.43
Positive
12.65
Positive
11.64
Positive
Market Momentum
0.61
Negative
68.76
Neutral
83.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:SIGN, the sentiment is Positive. The current price of 14.08 is below the 20-day moving average (MA) of 14.41, above the 50-day MA of 13.43, and above the 200-day MA of 11.64, indicating a bullish trend. The MACD of 0.61 indicates Negative momentum. The RSI at 68.76 is Neutral, neither overbought nor oversold. The STOCH value of 83.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:SIGN.
SIG Group AG Peers Comparison
UnderperformOutperform
Sector (55)
CH:SIGN
SIG Group AG
15.56
2.33
17.61%
CH:VETN
Vetropack Holding AG Class A
18.34
-11.64
-38.82%
SIG Group AG Corporate Events
SIG Group lifts margins and holds guidance despite mixed H1 revenue
Jul 28, 2026
SIG Group AG reported solid first-half 2026 results despite challenging market conditions and disruptions to global trade from the Middle East conflict, with revenue up 0.8% at constant currencies but down 1.2% on a reported basis. Growth in asept...
SIG Group Holds Q1 Sales Steady as Profitability Improves and Outlook Confirmed
Apr 28, 2026
SIG Group reported a solid start to 2026, with first-quarter sales essentially flat at constant currencies and constant polymer prices, but down 4.2% on a reported basis. Aseptic carton pack sales grew modestly, driven by strong demand in APAC and...
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.