Employees: 516
Size Apg Sga (APGN.SW) is a Switzerland Communication Services company (Advertising/Marketing Services) with a market value of $745M, the 128th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 203.00 on 6 Nov 2026.
Performance Over six months the shares gained 13.4%, against -17.1% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 5.5% over the last twelve months (peer median +5.1%); the operating margin is 10.3% (peer median 0.7%).
Valuation It trades at 18.7× forward earnings against a peer median of 16.6× (6th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 89.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 342M | CHF 327M | CHF 327M | CHF 326M | CHF 311M |
| Revenue growth | — | 0% | 0% | +5% | — |
| Gross profit | CHF 66.2M | CHF 63.3M | CHF 63.6M | CHF 60.6M | CHF 56.3M |
| EBITDA | CHF 44.4M | CHF 41.3M | CHF 40.5M | CHF 38.9M | CHF 36.7M |
| Net income | CHF 30.1M | CHF 27.1M | CHF 30.3M | CHF 26.8M | CHF 23.4M |
| Free cash flow | CHF 38.2M | CHF 32.5M | CHF 33.5M | CHF 30.0M | CHF 12.9M |
| Capital expenditure | CHF 8.85M | CHF 9.46M | CHF 7.69M | CHF 5.08M | CHF 5.55M |
| Total debt | n/a | CHF 0 | CHF 0 | CHF 0 | CHF 0 |
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| Measure | APGN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | +0.7% | 10th lowest of 21 |
| 6-month return | +13.4% | -17.1% | 4th highest of 21 |
| Distance from 52-week high | -6.5% | -37.5% | 3rd highest of 21 |
| Revenue growth (TTM) | +5.5% | +5.1% | 11th highest of 21 |
| Operating margin | 10.3% | 0.7% | 5th highest of 19 |
| Forward P/E | 18.7× | 16.6× | 6th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | -2.7% | 7.8% | 6th least demanding of 14 |
| Growth delivered (Del g) | +4.5% | +9.0% | 5th lowest of 14 |
| Hurdle (Req g minus delivered) | -7.2 pp | -2.3 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +89.8 pp | -3.8 pp | highest of 19 |
| EV / EBITDA | 13.2× | 6.8× | 2nd most expensive of 7 |
| Net debt / EBITDA | -0.5× | -0.8× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Apg Sga APGN.SW | Switzerland | $745M | +13% | +5% | 10% | 18.7× | -2.7% | +4.5% |
| Lecron Industrial Development 300343.SZ | China | $738M | -29% | +46% | 1% | n/a | n/a | n/a |
| Criteo CRTO | United States | $756M | -6% | -7% | 8% | 4.1× | -19.8% | -1.3% |
| Hubei Century Network Technology 300494.SZ | China | $766M | -5% | -7% | -6% | n/a | n/a | n/a |
| GMO internet,Inc 4784.T | Japan | $724M | -34% | +81% | 12% | 17.7× | -11.2% | +17.9% |
| Guangdong Yowant Technology 002291.SZ | China | $786M | -15% | -22% | -15% | 40.6× | 36.3% | +9.0% |
| QITIAN Technology 300061.SZ | China | $699M | -21% | -18% | -22% | n/a | 49.7% | -22.3% |
| Guangdong Insight Brand Marketing 300781.SZ | China | $683M | -19% | -29% | n/a | n/a | 31.8% | +14.4% |
| New Huadu Technology Co., Ltd.Class A 002264.SZ | China | $676M | -23% | +8% | 5% | 23.7× | 5.7% | -9.3% |
| Chengdu B-Ray Media 600880.SS | China | $672M | -20% | -33% | -35% | 104.9× | 57.3% | -2.9% |
| Shanxi Kexin Development 600234.SS | China | $649M | -32% | -23% | -11% | n/a | n/a | n/a |
| Inly Media 603598.SS | China | $865M | +4% | +9% | 0% | 79.8× | n/a | n/a |
| oOh media OML.AX | Australia | $611M | +28% | +2% | 15% | 13.5× | 7.8% | +10.1% |
| China Tourism And Culture Investment 600358.SS | China | $911M | -11% | +125% | n/a | n/a | n/a | n/a |
| VECTOR 6058.T | Japan | $605M | +64% | +9% | 16% | 15.4× | -3.9% | +11.3% |
| Septeni 4293.T | Japan | $585M | +7% | +8% | 17% | 15.5× | -2.7% | +11.1% |
| Beijing Yuanlong Yato Culture Dissemination 002878.SZ | China | $557M | -27% | -21% | -2% | 33.2× | -2.9% | +8.6% |
| INNOCEAN Worldwide 214320.KS | South Korea | $518M | -11% | +2% | 8% | 6.0× | n/a | n/a |
| Trump Media & Technology DJT | United States | $1.11B | -55% | +22% | -4,052% | n/a | n/a | n/a |
| QuinStreet QNST | United States | $1.18B | +58% | +18% | 3% | 12.3× | 9.8% | +17.5% |
| Sunwave Communications 002115.SZ | China | $1.21B | -35% | +102% | 1% | n/a | 26.1% | +6.5% |