Obermatt

Implenia

SWX:IMPN · CH0023868554
Construction & EngineeringLarge

360

47
EV / EBIT61
Price / Owner Earnings71
Owner Earnings Yield84
Dividend Yield46
Price/Sales73
EV / Gross Profit91
Price/Book68
Return on Capital22
Cash Return on Capital68
Return on Equity56
EBIT Margin12
Gross Profitability82
Cash Conversion47
Accruals31
Owner Earnings Margin55
Sales growth15
Profit Growth35
Long-Term EPS Growth4
Owner Earnings Growth46
Reinvestment65
Price momentum54
Debt load33
Refinancing45
Debt Payback45
Liquidity35
Analyst ratings43
Opinion Changes50
Price Target Upside76
Market mood82
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Implenia clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySwitzerland
IndustryConstruction & Engineering
SizeLarge
TypePublic Company
ExchangeSWX
Employees2,443
ISINCH0023868554
Last UpdateApr 2, 2026
Themes
Real Estate TechnologyCivil EngineeringConstructionReal Estate

Description

Implenia AG is a Swiss construction and real estate service provider that primarily engaged in civil engineering, buildings, and the specialties sector. Business Segments The company is structured into several key business segments including Civil…

Analysis

Bargain bin

Implenia AG falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause.

The price is attractive. You pay 10.2× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is tepid and the balance sheet is adequate. The company scores 12/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
31
2023202420252026

All-time high

34

Mar 2026

All-time low

4

Jan 2024

Average rank

19

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
73
91
85
97
Price/Earnings
39
83
89
93
Price/Book
68
75
56
67
Dividend Yield
46
22
22
11
Value (overall)
58
78
67
51

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →