(SIKA) Sika - SW
Sector: Basic Materials | Industry: Specialty Chemicals | Exchange: SW (Switzerland) | Market Cap: 26.553m CHF | Total Return: -22.2% in 12m
Avg Turnover: 86.1M
Qual. Beats: 0
Rev. Trend: 82.6%
Qual. Beats: 0
Warnings
Overextended 1w Choppy
Tailwinds
No distinct edge detected
Sika AG is a Switzerland-based specialty chemicals company specializing in products for bonding, sealing, damping, reinforcing, and protecting structures within the construction and automotive industries. Its portfolio includes concrete admixtures, waterproofing membranes, industrial flooring, and roofing systems under brands such as SikaProof and Sika Sarnafil. Beyond construction, the firm supplies high-performance adhesives and resins to the renewable energy, home appliance, and vehicle assembly sectors.
The specialty chemicals sector is characterized by high research and development requirements and deep integration into customer supply chains, which often creates high switching costs. Sika utilizes a decentralized business model, allowing local subsidiaries to adapt chemical formulations to specific regional climate conditions and regulatory standards. For a deeper look into the companys financial health and valuation metrics, consider exploring the data on ValueRay.
Founded in 1910, Sika operates as a global leader in the Materials sector with a focus on infrastructure and industrial maintenance. The companys expansion strategy frequently involves bolt-on acquisitions to consolidate market share in the fragmented construction chemicals industry.
- Infrastructure stimulus and urban renovation projects drive construction chemicals demand
- Integration of MBCC acquisition generates cost synergies and margin expansion
- Automotive lightweighting trends accelerate demand for structural adhesives and sealants
- Decarbonization regulations increase adoption of sustainable building and roofing solutions
| Net Income: 2.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.56 > 1.0 |
| NWC/Revenue: 4.41% < 20% (prev 11.04%; Δ -6.63% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.59b > Net Income 2.03b |
| Net Debt (5.15b) to EBITDA (3.39b): 1.52 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (160.5m) vs 12m ago 0.13% < -2% |
| Gross Margin: 47.96% > 18% (prev 39.44%; Δ 8.52% > 0.5%) |
| Asset Turnover: 127.8% > 50% (prev 112.1%; Δ 15.72% > 0%) |
| Interest Coverage Ratio: 18.04 > 6 (EBIT TTM 2.85b / Interest Expense TTM 157.9m) |
| A: 0.06 (Total Current Assets 4.41b - Total Current Liabilities 3.53b) / Total Assets 15.4b |
| B: 0.44 (Retained Earnings 6.74b / Total Assets 15.4b) |
| C: 0.18 (EBIT TTM 2.85b / Avg Total Assets 15.7b) |
| D: 0.77 (Book Value of Equity 6.66b / Total Liabilities 8.70b) |
| Altman-Z'' = 3.83 = AA |
| DSRI: 0.80 (Receivables 2.20b/2.47b, Revenue 20.0b/17.9b) |
| GMI: 0.82 (GM 39.44% / 47.96%) |
| AQI: 0.99 (AQ_t 0.55 / AQ_t-1 0.56) |
| SGI: 1.12 (Revenue 20.0b / 17.9b) |
| TATA: 0.03 (NI 2.03b - CFO 1.59b) / TA 15.4b) |
| Beneish M = -3.27 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at CHF 165.00 with a total of 910,880 shares traded.
Over the past week, the price has changed by +12.97%,
over one month by +18.64%,
over three months by +24.09% and
over the past year by -22.23%.
Sika has no consensus analysts rating.
P/E Trailing = 25.4224
P/E Forward = 20.4082
P/S = 2.3032
P/B = 3.8758
P/EG = 3.4202
Revenue TTM = 20.0b CHF
EBIT TTM = 2.85b CHF
EBITDA TTM = 3.39b CHF
Long Term Debt = 3.80b CHF (from longTermDebt, last quarter)
Short Term Debt = 1.39b CHF (from shortTermDebt, last quarter)
Debt = 5.96b CHF (from shortLongTermDebtTotal, last quarter) + Leases 438.2m
Net Debt = 5.15b CHF (calculated: Debt 5.96b - CCE 801.8m)
Enterprise Value = 31.7b CHF (26.6b + Debt 5.96b - CCE 801.8m)
Interest Coverage Ratio = 18.04 (Ebit TTM 2.85b / Interest Expense TTM 157.9m)
EV/FCF = 25.47x (Enterprise Value 31.7b / FCF TTM 1.25b)
FCF Yield = 3.93% (FCF TTM 1.25b / Enterprise Value 31.7b)
FCF Margin = 6.22% (FCF TTM 1.25b / Revenue TTM 20.0b)
Net Margin = 10.14% (Net Income TTM 2.03b / Revenue TTM 20.0b)
Gross Margin = 47.96% ((Revenue TTM 20.0b - Cost of Revenue TTM 10.4b) / Revenue TTM)
Gross Margin QoQ = 54.74% (prev 54.64%)
Tobins Q-Ratio = 2.06 (Enterprise Value 31.7b / Total Assets 15.4b)
Interest Expense / Debt = 2.65% (Interest Expense 157.9m / Debt 5.96b)
Taxrate = 21.21% (546.1m / 2.57b)
NOPAT = 2.24b (EBIT 2.85b * (1 - 21.21%))
Current Ratio = 1.25 (Total Current Assets 4.41b / Total Current Liabilities 3.53b)
Debt / Equity = 0.89 (Debt 5.96b / totalStockholderEquity, last quarter 6.66b)
Debt / EBITDA = 1.52 (Net Debt 5.15b / EBITDA 3.39b)
Debt / FCF = 4.14 (Net Debt 5.15b / FCF TTM 1.25b)
Total Stockholder Equity = 6.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.96% (Net Income 2.03b / Total Assets 15.4b)
RoE = 30.91% (Net Income TTM 2.03b / Total Stockholder Equity 6.57b)
RoCE = 27.45% (EBIT 2.85b / Capital Employed (Equity 6.57b + L.T.Debt 3.80b))
RoIC = 18.06% (NOPAT 2.24b / Invested Capital 12.4b)
WACC = 7.42% (E(26.6b)/V(32.5b) * Re(8.61%) + D(5.96b)/V(32.5b) * Rd(2.65%) * (1-Tc(0.21)))
Discount Rate = 8.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 40.45 | Cagr: 0.35%
[DCF] Terminal Value 73.96% ; FCFF base≈1.30b ; Y1≈1.20b ; Y5≈1.06b
[DCF] Fair Price = 72.93 (EV 16.9b - Net Debt 5.15b = Equity 11.7b / Shares 160.4m; r=8.35% [WACC [floored]]; 5y FCF grow -10.02% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 82.56 | Revenue CAGR: 11.25% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=7.36 | Chg30d=-0.20% | Revisions=-14% | GrowthEPS=+10.7% | GrowthRev=+0.1%
EPS next Year (2027-12-31): EPS=8.06 | Chg30d=-0.11% | Revisions=-33% | GrowthEPS=+12.5% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: -33%