PSPN Stock Analysis: PSP Swiss Property | SW
Real Estate Services | SW, Switzerland | Market Cap: 6.683m CHF | 12M Return: 12.9% | CH0018294154 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.94M
EPS Trend: -57.6%
Qual. Beats: 1
Rev. Trend: 35.2%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
PSP Swiss Property AG (PSPN) is a Swiss real estate company that owns and manages a portfolio of office and commercial properties throughout Switzerland. The company operates through two segments: Real Estate Investments, which covers the acquisition, rental, development, and sale of investment properties (including properties for sale, own-used assets, and development projects), and Property Management, which handles the management of its own real estate portfolio. Headquartered in Zug and founded in 1999, PSP Swiss Property is listed as a Mid Cap stock on the Swiss exchange.
The company operates within the Real Estate Operating Companies sub-industry, where firms typically generate recurring income through long-term lease agreements with commercial tenants while also pursuing value creation through property development and selective asset disposals. Switzerlands commercial property market is characterized by limited supply in core urban centers such as Zurich, Geneva, and Zug, supporting stable occupancy and rental rates for established operators.
- Swiss office vacancy rates rise amid hybrid work trend
- SNB rate cuts lift Swiss commercial property valuations
- Rental income grows on indexation and high-quality Zurich portfolio
| Net Income: 450.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 2.12 > 1.0 |
| NWC/Revenue: -125.4% < 20% (prev -106.4%; Δ -18.96% < -1%) |
| CFO/TA 0.04 > 3% & CFO 387.9m > Net Income 450.7m |
| Net Debt (3.35b) to EBITDA (577.9m): 5.80 < 3 |
| Current Ratio: 0.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (45.9m) vs 12m ago 0.0% < -2% |
| Gross Margin: 73.69% > 18% (prev 93.97%; Δ -20.28% > 0.5%) |
| Asset Turnover: 4.97% > 50% (prev 3.47%; Δ 1.50% > 0%) |
| Interest Coverage Ratio: 16.23 > 6 (EBIT TTM 576.8m / Interest Expense TTM 35.5m) |
| A: -0.06 (Total Current Assets 49.1m - Total Current Liabilities 685.2m) / Total Assets 10.3b |
| B: 0.50 (Retained Earnings 5.18b / Total Assets 10.3b) |
| C: 0.06 (EBIT TTM 576.8m / Avg Total Assets 10.2b) |
| D: 1.24 (Book Value of Equity 5.70b / Total Liabilities 4.58b) |
| Altman-Z'' = 2.92 = A |
| DSRI: 0.37 (Receivables 9.76m/18.2m, Revenue 507.3m/351.1m) |
| GMI: 1.28 (GM 93.97% / 73.69%) |
| AQI: 1.02 (AQ_t 1.00 / AQ_t-1 0.97) |
| SGI: 1.45 (Revenue 507.3m / 351.1m) |
| TATA: 0.01 (NI 450.7m - CFO 387.9m) / TA 10.3b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of August 30, 2026, the stock is trading at CHF 146.20 with a total of 67,804 shares traded. Over the past week, the price has changed by +0.48%, over one month by +0.00%, over three months by -0.75% and over the past year by +12.91%.
Current recommended Stop Loss: 143.60 (which is 1.8% or 1.4 ATR below the current price).
PSP Swiss Property has no consensus analysts rating.
P/E Trailing = 14.822
P/E Forward = 24.9377
P/S = 13.3369
P/B = 1.1759
P/EG = 6.1908
Revenue TTM = 507.3m CHF
EBIT TTM = 576.8m CHF
EBITDA TTM = 577.9m CHF
Long Term Debt = 2.81b CHF (from longTermDebt, last fiscal year)
Short Term Debt = 685.2m CHF (from shortTermDebt, last quarter)
Debt = 3.39b CHF (from shortLongTermDebtTotal, last quarter) + Leases 6.45m
Net Debt = 3.35b CHF (calculated: Debt 3.39b - CCE 39.4m)
Enterprise Value = 10.0b CHF (6.68b + Debt 3.39b - CCE 39.4m)
Interest Coverage Ratio = 16.23 (Ebit TTM 576.8m / Interest Expense TTM 35.5m)
EV/FCF = 29.11x (Enterprise Value 10.0b / FCF TTM 344.7m)
FCF Yield = 3.43% (FCF TTM 344.7m / Enterprise Value 10.0b)
FCF Margin = 67.96% (FCF TTM 344.7m / Revenue TTM 507.3m)
Net Margin = 88.84% (Net Income TTM 450.7m / Revenue TTM 507.3m)
Gross Margin = 73.69% ((Revenue TTM 507.3m - Cost of Revenue TTM 133.5m) / Revenue TTM)
Gross Margin QoQ = 50.95% (prev 93.18%)
Tobins Q-Ratio = 0.98 (Enterprise Value 10.0b / Total Assets 10.3b)
Interest Expense / Debt = 1.05% (Interest Expense 35.5m / Debt 3.39b)
Taxrate = 16.75% (90.6m / 541.3m)
NOPAT = 480.3m (EBIT 576.8m * (1 - 16.75%))
Current Ratio = 0.07 (Total Current Assets 49.1m / Total Current Liabilities 685.2m)
Debt / Equity = 0.59 (Debt 3.39b / totalStockholderEquity, last quarter 5.70b)
Debt / EBITDA = 5.80 (Net Debt 3.35b / EBITDA 577.9m)
Debt / FCF = 9.73 (Net Debt 3.35b / FCF TTM 344.7m)
Total Stockholder Equity = 5.64b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.42% (Net Income 450.7m / Total Assets 10.3b)
RoE = 7.99% (Net Income TTM 450.7m / Total Stockholder Equity 5.64b)
RoCE = 6.83% (EBIT 576.8m / Capital Employed (Equity 5.64b + L.T.Debt 2.81b))
RoIC = 4.68% (NOPAT 480.3m / Invested Capital 10.3b)
WACC = 3.78% (E(6.68b)/V(10.1b) * Re(5.26%) + D(3.39b)/V(10.1b) * Rd(1.05%) * (1-Tc(0.17)))
Discount Rate = 5.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈256.8m ; Y1≈294.4m ; Y5≈433.3m
[DCF] Fair Price = 69.04 (EV 6.52b - Net Debt 3.35b = Equity 3.17b / Shares 45.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -57.58 | EPS CAGR: -9.81% | SUE: 2.03 | # QB: 1
Revenue Correlation: 35.21 | Revenue CAGR: 3.89% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.27 | Chg30d=+0.00% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=5.44 | Chg30d=+4.27% | Revisions=-40% | GrowthEPS=+10.8% | GrowthRev=+1.7%
EPS next Year (2027-12-31): EPS=5.41 | Chg30d=+1.98% | Revisions=+0% | GrowthEPS=-0.5% | GrowthRev=+1.6%
[Analyst] Revisions Ratio: -30% (up=2, down=5)