Landis+Gyr Group AG

LAND.SW · Industrials · Electrical Equipment & Parts · Valued as of 2026-11-03 · Statements 2026-03-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

214.62M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

612.49M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

663.02M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

496.71M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.64B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.30×

the ratio the screener ranks by

Margin of Safety

-230.7%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 214.62M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)455.93M USD
−②Net Debt Today241.31M USD
+③Growth Value0 USD
=Value214.62M USD

EPV of the Operations (NOPAT over WACC)

455.93M USD

Net debt today

-241.31M USD

Growth Value

0 USD

Value

214.62M USD

①EPV (Earnings Power Value)

455.93M USD

②Net Debt Today

241.31M USD

③Growth Value

0 USD

Market value

Market Cap1.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-665.4%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 612.49M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE293.92M USD
+②Equity at Year 15, Today318.57M USD
=Value612.49M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

293.92M USD

②Equity at Year 15, Today

318.57M USD

Market value

Market Cap1.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-168.2%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 663.02M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF437.33M USD
+②Invested Capital at Year 15, Today466.99M USD
−③Net Debt Today241.31M USD
=Value663.02M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment rising to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

437.33M USD

②Invested Capital at Year 15, Today

466.99M USD

③Net Debt Today

241.31M USD

Market value

Market Cap1.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-147.8%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 7.84%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.77×Market Risk Premium 6.00%= 9.12%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 26.25M USDPretax Income 67.45M USD= 38.92%

The tax the interest saves.

Interest Expense =EBIT 93.80M USD−Pretax Income 67.45M USD= 26.34M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 26.34M USDTotal Debt 474.44M USD×(1 − Tax Rate for WACC 38.92%)= 3.39%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 474.44M USDMarket Cap + Total Debt 1.64B USD + 474.44M USD= 22.41%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 77.59%×Cost of Equity 9.12%+Debt Weight 22.41%×Cost of Debt 3.39%= 7.84%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-03-31.

Total Assets 2.31B USD − Total Liabilities 1.20B USD = Book Value Today 1.11B USD

Total Debt 474.44M USD − Cash and Short-Term Investments 233.14M USD = Net Debt Today 241.31M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-1.5%at most 5%passes28,431,550 / 28,854,488
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets11.6%at least -10.0%passes(98.38M USD − -169.06M USD) ÷ 2.31B USD
Price to bookMarket Cap ÷ Book Value Today1.48×at most 3×passes1.64B USD ÷ 1.11B USD
Operating marginOperating Income ÷ Revenue7.6%above 10.0%does not pass88.41M USD ÷ 1.17B USD
Revenue growthRevenue ÷ Revenue a Year Before − 14.2%above 10.0%does not pass1.17B USD / 1.12B USD
Net cash(Cash − Total Debt) ÷ Market Cap-14.7%above -30%passes(233.14M USD − 474.44M USD) ÷ 1.64B USD
Operating efficiencyOperating Income ÷ Gross Profit22.9%above 25.0%does not pass88.41M USD ÷ 386.53M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

50.85 CHF

Enterprise value

1.70B CHF

the provider's own figure

EV / EBITDA

10.39×

Price / book

1.58×

the provider's book

Price / earnings

44.17×

Return on equity

3.4%

the provider's figure, not this page's

Profit margin

-14.5%

Revenue growth

31.2%

Analyst target, mean

59.36 CHF

Analysts

4

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2023202420252026

Revenue

1.68B1.95B1.12B1.17B

Gross profit

475.69M595.85M365.36M386.53M

Operating income

51.09M152.98M83.40M88.41M

EBITDA

operating income before depreciation and amortisation

150.89M223.04M121.07M148.61M

Pretax income

58.34M131.12M46.82M67.45M

Net income

208.14M110.09M-150.61M-169.06M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

-23.00M112.45M55.31M38.89M

R&D

175.92M174.55M109.63M92.90M
Balance sheet, year end (USD)2023202420252026

Total assets

2.43B2.45B2.41B2.31B

Total liabilities

895.92M893.77M1.09B1.20B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

1.52B1.55B1.32B1.11B

Total debt

276.53M339.80M394.94M474.44M

Cash and equivalents

117.49M127.96M171.74M233.14M

Net PP&E

fixed assets after depreciation

206.12M191.97M103.26M109.40M

Working capital

current assets less current liabilities

164.67M387.66M340.37M385.06M
Cash flow (USD)2023202420252026

Operating cash flow

-45.82M121.32M78.97M98.38M

Capital expenditure

paid out, so below zero

-29.30M-31.66M-31.98M-38.55M

Depreciation and amortisation

82.26M72.75M52.60M54.82M

Free cash flow

operating cash flow plus capital expenditure

-75.12M89.66M46.99M59.83M