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← CockpitCompetitor Analysis › EPIC.SW EPIC Suisse Ltd.Open in the cockpit ↗

EPIC Suisse Ltd.EPIC.SWCompetitor analysis, valuation and peers

Switzerland · CHF·Industrials›Engineering & Construction

Swiss real estate company that buys, develops and leases office, logistics and shopping-centre properties, mainly in Geneva and Zurich.

≈ A Swiss diversified commercial-property REITMomentum neutral 42
Mkt cap
$1.17B
US dollars, full cap
Free float
32%
of shares outstanding
$/day
$149,463
20-day average traded
Fwd P/E
20.8×
forward earnings
ROIC−WACC
-2.0 pp
WACC 5.0%
Hurdle
+3 pp
Req g minus delivered
Close · CHFCHF 85.20
1D0.0%
1W+1.7%
1M+1.4%
3M+0.2%
6M+2.2%
YTD-2.1%
1Y+1.4%
ATR %0.9%
52w lowhigh7.6% off high

What EPIC Suisse does

Swiss real estate company that buys, develops and leases office, logistics and shopping-centre properties, mainly in Geneva and Zurich.

Rent from corporate tenants on fixed leases forms the base, while reported profit also moves with gains or losses when the properties are revalued each reporting period. Development projects add rentable space over time.

In one line: A Swiss diversified commercial-property REIT.

Products and services

  • Office property leasing
  • Logistics property leasing
  • Shopping centre leasing

Customers

  • Corporate office tenants
  • Logistics/retail tenants

Where it sits in the supply chain

  • Real Estate
  • Diversified real estate
  • Office, logistics and retail property…

What could go right

  • Geneva/Zurich commercial property demand
  • Portfolio development pipeline

What could go wrong

  • Interest-rate sensitivity of property valuations
  • Remote-work pressure on office demand

Moat: narrow (installed base, scale). Concentrated, well-located portfolio in Switzerland's two strongest commercial-property markets (Geneva, Zurich).

Headquarters: Zurich, Switzerland · Founded: 2004 · Employees: 20

Named competitors

EPIC Suisse at a glance

Size EPIC Suisse (EPIC.SW) is a Switzerland Industrials company (Engineering & Construction) with a market value of $1.17B, the 117th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 85.20 on 6 Nov 2026.

Performance Over six months the shares gained 2.2%, against -16.9% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 4.4% over the last twelve months (peer median +7.9%); the operating margin is 78.2% (peer median 5.9%).

Valuation It trades at 20.8× forward earnings against a peer median of 15.7× (4th most expensive of 16).

Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 2.0 points below its cost of capital (5.0% WACC).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026EPIC.SW 103Peer median 81
Six months, rebased to 100: EPIC Suisse against the median of its 20 peers (local-currency closes).

EPIC Suisse financials

Reported figures in CHF; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCHF 71.5MCHF 69.8MCHF 67.7MCHF 67.4MCHF 62.8M
Revenue growth—+3%0%+7%—
Gross profitCHF 63.5MCHF 62.2MCHF 61.0MCHF 60.5MCHF 56.2M
EBITDACHF 56.1MCHF 54.8MCHF 53.2MCHF 52.4MCHF 49.0M
Net incomeCHF 75.3MCHF 65.6MCHF 47.3MCHF 17.6MCHF 56.4M
Free cash flowCHF 48.3MCHF 47.7MCHF 39.9MCHF 41.4MCHF 32.0M
Capital expenditureCHF 432,000CHF 103,000CHF 0CHF 46,000CHF 0
Total debtn/aCHF 630MCHF 675MCHF 624MCHF 610M

Quarterly statements and history in the cockpit →

EPIC Suisse competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%-10%0%+10%603220GNP002822RNWHAMRCINSTALTECHNOENORCO600874301179605287294870002941LLCNORBT601929NCH2IRCON6366600502EPIC.SW6-month return →1-month return →
Up and to the right = strong over both horizons. EPIC Suisse is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%0×50×100×150×603220GNPRNWHTECHNOENORCO600874301179294870LLCNORBTIRCON6366600502EPIC.SWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. EPIC Suisse is the large dot.

Capital: growth delivered against growth the price implies

0%+20%0%20%GNPRNWHINSTALNORCO600874301179605287NORBTEPIC.SWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. EPIC Suisse is the large dot.

EPIC Suisse competitors and peer comparison

Head to head with its named competitors (EPIC.SW vs PSPN.SW vs SPSN.SW vs ALLN.SW)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
EPIC Suisse EPIC.SW$1.17B+2%+4%78%20.8×7.1%
PSP Swiss Property PSPN.SW$8.73B+5%+44%68%27.9×n/a
Swiss Prime Site SPSN.SW$13.0B+1%-12%76%31.7×n/a
Allreal ALLN.SW$3.89B-8%+3%41%24.0×n/a

How EPIC Suisse compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

EPIC Suisse against its 20 peers (data as of 6 Nov 2026)
MeasureEPIC.SWPeer medianRank in peer set
1-month return+1.4%+1.7%11th highest of 21
6-month return+2.2%-16.9%4th highest of 21
Distance from 52-week high-7.6%-33.5%2nd highest of 21
Revenue growth (TTM)+4.4%+7.9%10th lowest of 21
Operating margin78.2%5.9%highest of 21
Forward P/E20.8×15.7×4th most expensive of 16
Growth the price implies (Req g, 7 yrs)7.1%7.0%5th least demanding of 9
Growth delivered (Del g)+4.3%+12.8%2nd lowest of 9
Hurdle (Req g minus delivered)+2.7 pp-10.3 pp3rd most demanding of 9
ROIC minus cost of capital-2.0 pp-1.8 pp9th lowest of 19
EV / EBITDA27.7×12.3×most expensive of 9
Net debt / EBITDA10.7×0.7×2nd most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
EPIC Suisse EPIC.SWSwitzerland$1.17B+2%+4%78%20.8×7.1%+4.3%
China Bester Group Telecom 603220.SSChina$1.17B-48%+3%6%20.0×n/an/a
GenusPlus GNP.AXAustralia$1.18B-12%+71%6%18.1×6.2%+32.1%
Shenzhen Zhongzhuang Construction 002822.SZChina$1.15B-15%-56%-96%n/an/an/a
Renew RNWH.LUnited Kingdom$1.15B+19%+8%6%15.3×7.7%+11.7%
Ameresco AMRCUnited States$1.15B-28%+9%7%15.6×n/an/a
Instalco INSTAL.STSweden$1.15B+9%+9%5%18.4×10.9%+13.8%
Techno Electric & Engineering TECHNOE.NSIndia$1.14B-28%+39%13%18.8×n/an/a
Norconsult NORCO.OLNorway$1.14B+2%+13%7%15.7×-5.9%+10.6%
Tianjin Capital Environmental Protection 600874.SSChina$1.21B-9%-3%29%9.6×-15.4%+7.3%
Jiangsu Zeyu Intelligent Electric Power 301179.SZChina$1.13B-20%+8%8%32.1×24.8%+15.4%
Decai Decoration 605287.SSChina$1.12B-3%+17%5%n/a25.3%-5.4%
IPARK Hyundai Development 294870.KSSouth Korea$1.12B+4%-13%11%4.2×n/an/a
Xinjiang Communications Construction 002941.SZChina$1.22B-20%+23%5%n/an/an/a
Lendlease LLC.AXAustralia$1.23B-16%-30%0%147.4×n/an/a
Norbit NORBT.OLNorway$1.12B-28%+34%22%21.1×-5.3%+32.2%
JiShi Media 601929.SSChina$1.25B-18%-2%-24%n/an/an/a
thyssenkrupp nucera AG & Co. KGaA NCH2.DEGermany$1.09B-13%-42%-13%n/an/an/a
IRCON International IRCON.NSIndia$1.08B-33%-3%7%15.4×n/an/a
Chiyoda 6366.TJapan$1.07B-35%+16%17%6.7×n/an/a
Anhui Construction Engineering 600502.SSChina$1.07B-23%-4%6%4.6×n/an/a

Questions

Who are EPIC Suisse's main competitors?
Named competitors: PSP Swiss Property (PSPN.SW), Swiss Prime Site (SPSN.SW), Allreal Holding (ALLN.SW). The cockpit's measured peer set (industry) also includes China Bester Group Telecom (603220.SS), GenusPlus (GNP.AX), Shenzhen Zhongzhuang Construction (002822.SZ), Renew (RNWH.L), Ameresco (AMRC), Instalco (INSTAL.ST).
Is EPIC Suisse expensive compared with its peers?
On forward p/e it trades at 20.8× against a peer median of 15.7×, 4th most expensive of 16 in its peer set. For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has EPIC Suisse stock performed?
Over six months to 6 Nov 2026 the shares returned +2.2% against -16.9% for the median peer; over one year +1.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.