Obermatt

Swiss Prime Site

SWX:SPSN · CH0008038389
Real Estate Management & DevelopmentLarge

360

15
EV / EBIT9
Price / Owner Earnings9
Owner Earnings Yield27
Dividend Yield41
Price/Sales1
EV / Gross Profit4
Price/Book8
Return on Capital29
Cash Return on Capital34
Return on Equity26
EBIT Margin83
Gross Profitability19
Cash Conversion67
Accruals39
Owner Earnings Margin72
Sales growth49
Profit Growth86
Long-Term EPS Growth71
Owner Earnings Growth59
Reinvestment5
Price momentum88
Debt load50
Refinancing53
Debt Payback23
Liquidity88
Analyst ratings19
Opinion Changes50
Price Target Upside12
Market mood69
Value Creation6/20not creating 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

Swiss Prime Site doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountrySwitzerland
IndustryReal Estate Management & Development
SizeLarge
TypePublic Company
ExchangeSWX
Founded2010
Employees113
Websitesps.swiss
ISINCH0008038389
Last UpdateApr 2, 2026
Themes
Real Estate TechnologyReal Estate

Description

Swiss Prime Site AG operates as a real estate company that focuses on the acquisition, development, and management of office spaces, retail properties, and residential units. Business Strategy The company is a leading real estate company in Switzer…

Analysis

Hope premium

Swiss Prime Site AG is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 26.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 10% a year, against analyst forecasts of 3%. The gap between price and consensus is worth watching: demanding expectations.

Growth is solid; the safety picture is stretched. The company scores 6/20 on our value-creation score: not creating value.

Flags to be aware of: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
64
2023202420252026

All-time high

64

Jun 2026

All-time low

42

Jan 2023

Average rank

51

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
1
12
25
75
Price/Earnings
1
29
24
36
Price/Book
8
10
31
67
Dividend Yield
41
64
78
63
Value (overall)
6
16
34
43

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

Similar Stocks

The companies this stock is ranked against.

Compare Swiss Prime Site with its peers
Zueblin Immobilien
SWX:ZUBN
46
CountrySwitzerland
IndustryReal Estate Management & Development
SizeSmall
Full Stock Analysis →
SF Urban Properties
SWX:SFPN
21
CountrySwitzerland
IndustryReal Estate Management & Development
SizeSmall
Full Stock Analysis →
Helical Bar
LSE:HLCL
20
CountryUK
IndustryReal Estate Management & Development
SizeSmall
Full Stock Analysis →
Aeroports De Paris
PAR:ADP
33
CountryFrance
IndustryTransportation Infrastructure
SizeX-Large
Full Stock Analysis →
MAS
JNB:MSP
56
CountryMalta
IndustryReal Estate Management & Development
SizeSmall
Full Stock Analysis →
Shurgard Self Storage
BRU:SHUR
94
CountryGuernsey
IndustryReal Estate Management & Development
SizeMedium
Full Stock Analysis →

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 →