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Swiss maker of piping systems, precision casting components and machine tools for industrial and construction customers.
Swiss maker of piping systems, precision casting components and machine tools for industrial and construction customers.
Piping is the core, sold through installers and distributors to utilities, buildings and industrial plants. The 2023 purchase of Finland's Uponor widened it into building plumbing and heating pipes. Precision castings and machine tools sell to manufacturers on cycles tied to car and industrial investment.
In one line: A Swiss Mueller Water Products/Hexagon hybrid.
Moat: narrow (brand, process know-how). Long-standing engineering brand in piping and precision casting, in fragmented, competitive industrial markets.
Headquarters: Schaffhausen, Switzerland · Founded: 1802 · Employees: 16,332
Size Georg Fischer (GF.SW) is a Switzerland Industrials company (Industrial Machinery) with a market value of $5.65B, the 54th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 56.20 on 6 Nov 2026.
Performance Over six months the shares gained 32.2%, against -5.3% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 3rd highest of 19 in its peer set.
Growth Revenue fell 20.5% over the last twelve months (peer median +16.5%); the operating margin is 2.6% (peer median 14.3%).
Valuation It trades at 19.9× forward earnings against a peer median of 23.2× (10th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +30 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 1.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 2.69B | CHF 3.00B | CHF 3.05B | CHF 3.14B | CHF 4.00B |
| Revenue growth | — | -2% | -3% | -21% | — |
| Gross profit | CHF 803M | CHF 874M | CHF 892M | CHF 849M | CHF 899M |
| EBITDA | CHF 160M | CHF 495M | CHF 411M | CHF 412M | CHF 486M |
| Net income | -CHF 134M | CHF 103M | CHF 214M | CHF 235M | CHF 276M |
| Free cash flow | CHF 53.0M | CHF 20.0M | CHF 190M | CHF 150M | CHF 170M |
| Capital expenditure | CHF 211M | CHF 270M | CHF 235M | CHF 208M | CHF 166M |
| Total debt | n/a | CHF 2.26B | CHF 2.57B | CHF 2.44B | CHF 735M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Georg Fischer GF.SW | $5.65B | +32% | -20% | 3% | 19.9× | 29.2% |
| Mueller Water Products MWA | $3.75B | -9% | +6% | 21% | 15.3× | 2.4% |
| Melrose Industries MRO.L | $7.80B | -4% | +9% | 11% | 13.4× | 15.3% |
| Aalberts AALB.AS | $4.87B | +6% | 0% | 10% | 14.6× | 12.9% |
| Geberit GEBN.SW | $22.1B | +14% | +3% | 29% | 29.8× | 6.6% |
| Watts Water Technologies WTS | $11.6B | +17% | +17% | 19% | 24.6× | 15.8% |
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.
| Measure | GF.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.0% | -10.7% | 10th highest of 21 |
| 6-month return | +32.2% | -5.3% | 3rd highest of 19 |
| Distance from 52-week high | -5.9% | -24.3% | 3rd highest of 21 |
| Revenue growth (TTM) | -20.5% | +16.5% | lowest of 21 |
| Operating margin | 2.6% | 14.3% | 3rd lowest of 21 |
| Forward P/E | 19.9× | 23.2× | 10th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 29.2% | 11.9% | 3rd most demanding of 17 |
| Growth delivered (Del g) | -1.2% | +12.3% | lowest of 17 |
| Hurdle (Req g minus delivered) | +30.4 pp | +0.5 pp | 2nd most demanding of 17 |
| ROIC minus cost of capital | -1.7 pp | +3.8 pp | 7th lowest of 21 |
| EV / EBITDA | 39.2× | 12.3× | 2nd most expensive of 15 |
| Net debt / EBITDA | 10.1× | -0.1× | most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Georg Fischer GF.SW | Switzerland | $5.65B | +32% | -20% | 3% | 19.9× | 29.2% | -1.2% |
| Mycronic MYCR.ST | Sweden | $5.57B | -4% | +17% | 29% | 24.9× | 10.1% | +15.6% |
| Enpro NPO | United States | $5.47B | -16% | +16% | 16% | 23.2× | 26.1% | +1.3% |
| Zhejiang Shuanghuan Driveline 002472.SZ | China | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% | +20.0% |
| Rotork ROR.L | United Kingdom | $5.40B | +65% | +2% | 24% | 27.9× | 27.6% | +5.2% |
| LandMark Optoelectronics 3081.TWO | Taiwan | $5.38B | -32% | +105% | 38% | 54.3× | n/a | n/a |
| Valmet VALMT.HE | Finland | $5.97B | +30% | +3% | 10% | 13.8× | 2.1% | +6.8% |
| Airtac International 1590.TW | Taiwan | $6.11B | -30% | +23% | 33% | 15.8× | 5.0% | +12.4% |
| Welspun WELCORP.NS | India | $6.13B | +70% | +14% | 12% | 25.5× | 24.9% | +19.0% |
| Shanghai BOCHU Electronic Technology 688188.SS | China | $6.16B | 0% | +20% | 44% | 29.6× | 18.0% | +30.9% |
| Middleby MIDD | United States | $6.17B | +3% | -7% | 17% | 18.5× | 6.9% | +5.0% |
| ESAB ESAB | United States | $5.15B | -18% | +11% | 13% | 14.0× | 12.7% | +7.8% |
| MISUMI 9962.T | Japan | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% | +7.3% |
| Kion KGX.DE | Germany | $5.05B | -25% | +3% | 6% | 10.4× | n/a | n/a |
| INDO-MIM INDOMIM.NS | India | $6.39B | n/a | +26% | 20% | 60.8× | 30.3% | +15.8% |
| HOSHIZAKI 6465.T | Japan | $4.93B | +5% | +12% | 10% | 17.8× | -4.5% | +15.3% |
| KINGSEMI 688037.SS | China | $6.56B | -7% | +41% | -5% | 264.1× | n/a | n/a |
| Horiba 6856.T | Japan | $4.79B | -17% | +12% | 17% | 14.4× | 11.2% | +12.2% |
| JBT Marel JBTM | United States | $6.66B | -8% | +20% | 10% | 14.2× | 12.7% | +17.0% |
| UBTECH ROBOTICS 9880.HK | Hong Kong | $4.73B | -41% | +90% | -21% | n/a | n/a | n/a |
| Robotechnik Intelligent Technology 3757.HK | Hong Kong | $6.76B | n/a | +217% | 9% | 140.6× | 53.9% | +11.6% |