| Valuation method | Value, CHF | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 82.77 | -37 |
| Intrinsic value (DCF) | 62.84 | -52 |
| Graham-Dodd Method | 55.22 | -58 |
| Graham Formula | 41.55 | -68 |
Swiss Prime Site AG (SPSN.SW) is a leading Swiss real estate company specializing in investment properties, property management, and development. Headquartered in Olten, Switzerland, the company operates through two core segments: Real Estate and Services. The Real Estate segment focuses on acquiring, selling, leasing, and developing high-quality commercial and residential properties, while the Services segment provides real estate-related services, retail, and asset management solutions. With a market capitalization of approximately CHF 9.44 billion, Swiss Prime Site AG is a key player in Switzerland's real estate sector, known for its strong portfolio of prime locations and sustainable development practices. The company's diversified revenue streams and strategic focus on long-term value creation make it a prominent name in Swiss real estate investment. Its commitment to innovation and tenant-centric services further strengthens its market position.
Swiss Prime Site AG presents a stable investment opportunity with its strong real estate portfolio and consistent financial performance. The company's low beta (0.49) indicates lower volatility compared to the broader market, making it attractive for risk-averse investors. With a solid revenue of CHF 659.8 million and net income of CHF 360.3 million, the company demonstrates profitability and operational efficiency. Its dividend yield, supported by a CHF 3.45 per share payout, adds to its appeal for income-focused investors. However, the high total debt of CHF 5.54 billion could pose refinancing risks in a rising interest rate environment. The company's focus on prime Swiss real estate provides resilience, but investors should monitor macroeconomic factors affecting the Swiss property market.
Swiss Prime Site AG holds a competitive edge in Switzerland's real estate market due to its prime property portfolio and integrated service offerings. The company's dual-segment approach (Real Estate and Services) allows it to capture value across the property lifecycle, from development to management. Its focus on sustainability and tenant satisfaction enhances long-term occupancy rates and rental income stability. Compared to peers, Swiss Prime Site benefits from Switzerland's robust real estate demand, driven by limited supply and high-quality infrastructure. However, its high leverage (debt-to-equity ratio) could be a disadvantage in a tightening credit market. The company's scale and reputation in Switzerland provide a moat against smaller regional players, but it faces stiff competition from larger European real estate firms with diversified international portfolios. Its ability to maintain high occupancy rates and premium rental pricing will be crucial in sustaining its competitive position.