PSPN Stock Analysis: PSP Swiss Property | SW
Real Estate Services | SW, Switzerland | Market Cap: 6.545m CHF | 12M Return: 8.1% | CH0018294154 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.41M
EPS Trend: -57.6%
Qual. Beats: 1
Rev. Trend: 35.2%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 is a Swiss real estate company that owns and manages a portfolio of office and commercial properties in Switzerland. Incorporated in 1999 and headquartered in Zug, the company operates through two segments: Real Estate Investments, which covers investment properties, properties for sale, own-used properties, and development projects, and Property Management, which handles services related to its own real estate portfolio. The company is listed on the SIX Swiss Exchange under the ticker PSPN and is classified within the Real Estate sector as a Real Estate Operating Company, with a mid-cap market capitalization of approximately $7.8 billion USD.
- SNB rate cuts compress property valuations and cap rates
- Office demand softens as hybrid work reduces tenant footprint
- Rental income growth underpins stable dividend payouts
| 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: 0.31 (Receivables 8.11m/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 = -3.01 (Cap -4..+1) = AA |
As of October 17, 2026, the stock is trading at CHF 145.10 with a total of 50,027 shares traded. Over the past week, the price has changed by +1.68%, over one month by -1.49%, over three months by +0.55% and over the past year by +8.07%.
Current recommended Stop Loss: 142.40 (which is 1.9% or 1.4 ATR below the current price).
PSP Swiss Property has no consensus analysts rating.
P/E Trailing = 14.5168
P/E Forward = 24.9377
P/S = 13.0622
P/B = 1.1864
P/EG = 6.1908
Revenue TTM = 507.3m CHF
EBIT TTM = 576.8m CHF
EBITDA TTM = 577.9m CHF
Long Term Debt = 2.69b CHF (from longTermDebt, last quarter)
Short Term Debt = 685.3m CHF (from shortTermDebt, last quarter)
Debt = 3.39b CHF (from shortLongTermDebtTotal, last quarter) + Leases 6.40m
Net Debt = 3.35b CHF (calculated: Debt 3.39b - CCE 39.4m)
Enterprise Value = 9.90b CHF (6.55b + Debt 3.39b - CCE 39.4m)
Interest Coverage Ratio = 16.23 (Ebit TTM 576.8m / Interest Expense TTM 35.5m)
EV/FCF = 28.71x (Enterprise Value 9.90b / FCF TTM 344.7m)
FCF Yield = 3.48% (FCF TTM 344.7m / Enterprise Value 9.90b)
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 = 0.96 (Enterprise Value 9.90b / 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 = 6.92% (EBIT 576.8m / Capital Employed (Equity 5.64b + L.T.Debt 2.69b))
RoIC = 4.68% (NOPAT 480.3m / Invested Capital 10.3b)
WACC = 3.77% (E(6.55b)/V(9.94b) * Re(5.27%) + D(3.39b)/V(9.94b) * Rd(1.05%) * (1-Tc(0.17)))
Discount Rate = 5.27% (= 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=5.28 | Chg30d=+0.05% | Revisions=+17% | GrowthEPS=+7.5% | GrowthRev=+1.3%
EPS next Year (2027-12-31): EPS=5.32 | Chg30d=-0.68% | Revisions=+17% | GrowthEPS=+0.8% | GrowthRev=+1.5%
[Analyst] Revisions Ratio: +10% (up=4, down=3)