Swiss Prime Site AG (SPSN) AI Stock Analysis

• Market Cap: $9.01B
• Dividend Yield: 3.07%
• Average Volume (3M): 122.44K
• Price to Earnings (P/E): 24.4
• Beta (1Y): 0.17
• Revenue Growth: -6.88%
• EPS Growth: 90.76%
• Country: CH
• Employees: 512
• Sector: Real Estate
• Sector Strength: 50
• Industry: Real Estate - Services
• EPS (TTM): 1.98
• Shares Outstanding: 80,234,375
• 10 Day Avg. Volume: 119,825
• 30 Day Avg. Volume: 122,439
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.67
• Enterprise Value/Revenue: 22.64
• Enterprise Value/Gross Profit: 28.83
• Enterprise Value/Ebitda: 36.30
• 1Y Price Target: $105.17
• Price Target Upside: -6.34% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: CHF119.00 ▲(5.97% Upside)

Swiss Prime Site AG's overall score is driven by its strong financial performance, characterized by solid profitability and effective cash flow management. However, technical analysis indicates weak market momentum, and the valuation suggests the stock may be overvalued. These factors contribute to a moderate overall stock score.

Swiss Prime Site AG Business Overview & Revenue Model

Company Description

Swiss Prime Site AG, a real estate company, engages in buying and selling, managing, and developing investment properties in Switzerland. The company operates in two segments, Real Estate and Services. The Real Estate segment purchases, sells, leases, and develops properties. The Services segment engages in the real estate related service and retail and asset management business. Swiss Prime Site AG was founded in 1999 and is headquartered in Olten, Switzerland.

How the Company Makes Money

Swiss Prime Site AG generates revenue primarily through rental income from its extensive portfolio of commercial and residential properties. The company leases out office spaces, retail units, and residential apartments, which provides a steady stream of income. Additionally, SPSN engages in property development projects, which can lead to significant capital gains upon completion and sale. The company also benefits from strategic partnerships with various stakeholders in the real estate industry, including construction firms and property management companies, which enhance its operational efficiency and market reach. The focus on sustainable development and energy-efficient properties may also attract premium tenants, further boosting rental yields.

Swiss Prime Site AG Financial Statement Overview

Summary

Swiss Prime Site AG demonstrates solid financial health with strong profitability metrics and effective cash flow management. Despite moderate revenue growth, the company shows significant improvements in profit margins and maintains a stable balance sheet with manageable leverage. These strengths position the company well within the Real Estate - Services industry, though continued focus on revenue growth could further enhance its financial standing.

Income Statement

Swiss Prime Site AG shows moderate revenue stability with a slight growth in total revenue from 2023 to 2024. The gross profit margin improved to 79.63% in 2024, indicating strong profitability in operations. However, the net profit margin increased significantly from 36.09% in 2023 to 54.60% in 2024, driven by strong net income gains. The EBIT margin shows remarkable improvement, reflecting enhanced operational efficiency, though the overall revenue growth is relatively modest.

Balance Sheet

The company maintains a sound balance sheet with a debt-to-equity ratio of 0.83 in 2024, indicating a balanced leverage position. The return on equity (ROE) improved to 5.39%, reflecting effective utilization of equity. The equity ratio remains stable at 48.24%, showcasing a robust equity base against total assets, which supports financial stability.

Cash Flow

Swiss Prime Site AG exhibits strong cash flow management with a slight decrease in operating cash flow in 2024. The free cash flow to net income ratio is at 1.09, indicating efficient conversion of income into free cash flow. The operating cash flow to net income ratio is robust at 1.12, reflecting a strong cash generation ability relative to net income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	659.81M	653.98M	646.58M	749.50M	792.92M
Gross Profit	525.48M	499.89M	442.36M	584.84M	601.76M
EBITDA	521.83M	147.52M	368.12M	387.24M	349.05M
Net Income	360.25M	236.02M	404.43M	498.89M	610.51M
Balance Sheet
Total Assets	13.84B	13.78B	13.77B	13.50B	12.73B
Cash, Cash Equivalents and Short-Term Investments	24.33M	22.52M	22.33M	116.01M	143.35M
Total Debt	5.54B	5.68B	5.51B	5.43B	5.16B
Total Liabilities	7.16B	7.24B	7.20B	7.09B	6.64B
Stockholders Equity	6.68B	6.54B	6.57B	6.41B	6.09B
Cash Flow
Free Cash Flow	393.48M	421.94M	312.25M	345.23M	213.12M
Operating Cash Flow	403.79M	430.58M	323.71M	366.07M	234.72M
Investing Cash Flow	82.88M	-292.68M	-216.32M	-110.66M	233.82M
Financing Cash Flow	-484.77M	-137.04M	-200.85M	-283.51M	-498.85M

Swiss Prime Site AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 112.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:SPSN, the sentiment is Negative. The current price of 112.3 is below the 20-day moving average (MA) of 113.42, below the 50-day MA of 115.58, and above the 200-day MA of 106.36, indicating a neutral trend. The MACD of -0.52 indicates Negative momentum. The RSI at 42.98 is Neutral, neither overbought nor oversold. The STOCH value of 44.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:SPSN.

Swiss Prime Site AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSPN	64 Neutral	CHF6.12B	14.82		2.92%	-4.76%	43.88%
Sector *	63 Neutral	$7.06B	13.64	-0.57%	7.01%	3.62%	-22.63%
SPSN	62 Neutral	$9.01B	24.42	5.24%	3.07%	-6.88%	90.76%
ALRHF	―	$3.72B	15.54	8.11%	―	―	―
0R8X	―	CHF819.72M	16.21	6.96%	2.27%	―	―
5K4	―	€648.29M	23.86	4.84%	―	―	―
FREN	―	CHF541.13M	17.75		3.32%	―	―

Swiss Prime Site AG Corporate Events

Swiss Prime Site Acquires Iconic Geneva Property, Expands Portfolio

Swiss Prime Site AG has acquired a historic office property at ‘Place des Alpes’ in Geneva, previously owned by SGS, as part of a strategic move involving SGS’s relocation to Baar. The acquisition is part of Swiss Prime Site’s plan to expand its portfolio, with expectations of generating CHF 3.5 million in annual rental income after repositioning the property for multiple tenants. This move underscores Swiss Prime Site’s commitment to sustainability and modern, centrally located properties, enhancing its market positioning and appeal to high-profile tenants.