Emmi AG banner

EV/EBITDA

10.1
Current
18%
Cheaper
vs 3-y average of 12.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.1
=
Enterprise Value
CHf5B
/
EBITDA
CHf491.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.1
=
Enterprise Value
CHf5B
/
EBITDA
CHf491.6m

Valuation Scenarios

Emmi AG is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (12.4), the stock would be worth CHf991.64 (22% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+25%
Average Upside
24%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 10.1 CHf811
0%
3-Year Average 12.4 CHf991.64
+22%
5-Year Average 12.7 CHf1 017.52
+25%
Industry Average 12.5 CHf996.98
+23%
Country Average 12.7 CHf1 015.02
+25%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
CHf5B
/
Jan 2026
CHf491.6m
=
10.1
Current
CHf5B
/
Dec 2026
CHf516.7m
=
9.7
Forward
CHf5B
/
Dec 2027
CHf539.3m
=
9.3
Forward
CHf5B
/
Dec 2028
CHf565.7m
=
8.9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CH
Emmi AG
SIX:EMMN
4.3B CHF 10.1 18.9
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 186 542.5 540 752.8
CH
Nestle SA
SIX:NESN
193.8B CHF 13.3 21.5
US
Mondelez International Inc
NASDAQ:MDLZ
71.9B USD 17.9 29.3
FR
Danone SA
PAR:BN
42.5B EUR 9.9 24.1
ZA
Tiger Brands Ltd
JSE:TBS
49.6B ZAR 9.6 13
US
Hershey Co
NYSE:HSY
38.3B USD 21.1 43.3
CN
Muyuan Foods Co Ltd
SZSE:002714
248.4B CNY 15.7 15.8
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
237.4B CNY 25.5 33.7
ZA
Avi Ltd
JSE:AVI
33.8B ZAR 8.9 13.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.6B CHF 19.1 32.3

Market Distribution

In line with most companies in Switzerland
Percentile
36th
Based on 1 007 companies
36th percentile
10.1
Low
0 — 9.2
Typical Range
9.2 — 20.5
High
20.5 —
Distribution Statistics
Switzerland
Min 0
30th Percentile 9.2
Median 12.7
70th Percentile 20.5
Max 1 129.6

Emmi AG
Glance View

Market Cap
4.3B CHF
Industry
Food Products

Emmi AG, a cornerstone of the Swiss dairy industry, embarked on its journey in the early 20th century, rooted in the small town of Emmen, near Lucerne. Its evolution from a local co-operative to Switzerland's largest milk processor is marked by strategic foresight and dedication to quality. The company's foundations lie in relationships with local farmers, ensuring a supply of fresh milk that's crucial for its diverse range of dairy products. This approach not only supports local agriculture but also ensures Emmi retains control over the quality of its raw materials. With a product line that spans traditional items like cheese and yogurt, Emmi continuously innovates, delving into specialty products such as lactose-free and organic offerings, widening their appeal to international markets. Emmi's business model thrives on its ability to balance its deep-rooted Swiss traditions with innovative approaches to dairy product development and branding. By investing in advanced technology and sustainable practices, the company not only enhances operational efficiency but also meets the growing consumer demand for ethically produced food. Emmi generates revenue through its extensive distribution network, leveraging both retail and foodservice channels to reach consumers globally. Its strategic acquisitions in Europe and the Americas further enhance its portfolio and geographic footprint, pushing Emmi into the ranks of a global dairy powerhouse while maintaining its commitment to quality and sustainability.

EMMN Intrinsic Value
812.76 CHF
Fairly Valued
Intrinsic Value
Price CHf811
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