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Swiss maker of precision-formed fasteners, mechanical components and assembly systems for construction, auto and electronics.
Swiss maker of precision-formed fasteners, mechanical components and assembly systems for construction, auto and electronics.
Sells parts that are designed into a customer's product, often in large volumes, so a supplier change means requalifying the part. Three businesses serve different buyers: small precision components for cars, electronics and medical devices, fastening systems for building, and a distribution arm.
In one line: A smaller, more precision-focused Illinois Tool Works.
Moat: narrow (process know-how, switching costs, customer qualification). Parts are engineered into customer products, so qualification and tooling create switching costs once designed in.
Headquarters: Heerbrugg, Switzerland · Founded: 1928 · Employees: 13,646
Size SFS (SFSN.SW) is a Switzerland Industrials company (Metal Fabrication) with a market value of $6.68B, the 46th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 140.40 on 6 Nov 2026.
Performance Over six months the shares gained 15.1%, against -15.9% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 1.5% over the last twelve months (peer median +19.2%); the operating margin is 12.2% (peer median 10.7%).
Valuation It trades at 19.8× forward earnings against a peer median of 31.0× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 26 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 3.07B | CHF 3.05B | CHF 3.03B | CHF 3.07B | CHF 2.74B |
| Revenue growth | — | 0% | -1% | +12% | — |
| Gross profit | CHF 789M | CHF 747M | CHF 780M | CHF 794M | CHF 733M |
| EBITDA | CHF 513M | CHF 432M | CHF 455M | CHF 460M | CHF 425M |
| Net income | CHF 256M | CHF 219M | CHF 241M | CHF 266M | CHF 267M |
| Free cash flow | CHF 278M | CHF 279M | CHF 236M | CHF 153M | CHF 140M |
| Capital expenditure | CHF 86.0M | CHF 104M | CHF 149M | CHF 174M | CHF 171M |
| Total debt | n/a | CHF 375M | CHF 560M | CHF 673M | CHF 699M |
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 |
|---|---|---|---|---|---|---|
| SFS SFSN.SW | $6.68B | +15% | +2% | 12% | 19.8× | -2.1% |
| Illinois Tool Works ITW | $79.8B | +11% | +5% | 27% | 23.4× | 9.7% |
| Stanley Black & Decker SWK | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% |
| Bossard BOSN.SW | $2.42B | +55% | +7% | 11% | 20.1× | 5.9% |
| Nifco 7988.T | $2.62B | +6% | +4% | 14% | 11.7× | -3.5% |
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 | SFSN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.5% | -6.4% | 6th highest of 21 |
| 6-month return | +15.1% | -15.9% | 4th highest of 21 |
| Distance from 52-week high | -4.1% | -30.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +1.5% | +19.2% | 4th lowest of 21 |
| Operating margin | 12.2% | 10.7% | 8th highest of 21 |
| Forward P/E | 19.8× | 31.0× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.1% | 16.7% | least demanding of 12 |
| Growth delivered (Del g) | +12.3% | +15.9% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | -14.4 pp | +3.5 pp | least demanding of 12 |
| ROIC minus cost of capital | +10.6 pp | +0.1 pp | 2nd highest of 21 |
| EV / EBITDA | 11.3× | 13.7× | 5th cheapest of 12 |
| Net debt / EBITDA | 0.6× | 0.3× | 5th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SFS SFSN.SW | Switzerland | $6.68B | +15% | +2% | 12% | 19.8× | -2.1% | +12.3% |
| Himile Mechanical Science & Technology (Shandong) 002595.SZ | China | $7.40B | -29% | +17% | 20% | 19.8× | 8.4% | +15.9% |
| Schaeffler India SCHAEFFLER.NS | India | $5.83B | -17% | +23% | 15% | 40.4× | 29.7% | +20.8% |
| Valmont Industries VMI | United States | $7.74B | -21% | +5% | 14% | 15.9× | 10.7% | +7.2% |
| Anhui Tongguan Copper Foil 301217.SZ | China | $8.60B | -12% | +36% | 5% | 105.6× | n/a | n/a |
| Jiujiang Defu Technology 301511.SZ | China | $5.09B | -28% | +69% | 6% | 44.4× | n/a | n/a |
| Bharat Forge BHARATFORG.NS | India | $9.01B | -13% | +18% | 11% | 51.4× | 46.3% | +21.6% |
| SSAB SSAB-A.ST | Sweden | $9.31B | +10% | +3% | 8% | 12.2× | n/a | n/a |
| Bluescope Steel BSL.AX | Australia | $9.53B | +4% | +2% | 6% | 10.3× | 16.7% | +5.3% |
| JL MAG Rare-Earth 6680.HK | Hong Kong | $4.59B | -27% | +46% | 11% | 17.3× | 14.3% | +25.2% |
| POCO 300811.SZ | China | $4.24B | -15% | +48% | 24% | 38.4× | n/a | n/a |
| Hengdian Group DMEGC Magnetics 002056.SZ | China | $4.16B | -9% | +3% | 7% | 14.5× | n/a | n/a |
| PTC Industries PTCIL.NS | India | $4.09B | +45% | +95% | 19% | 174.5× | n/a | n/a |
| Mueller Industries MLI | United States | $11.5B | -25% | +21% | 20% | 12.0× | 0.0% | +11.7% |
| Shyam Metalics & Energy SHYAMMETL.NS | India | $3.84B | +47% | +26% | 9% | 19.3× | n/a | n/a |
| Endurance Technologies ENDURANCE.NS | India | $3.71B | -1% | +32% | 8% | 32.3× | 29.9% | +17.6% |
| SKF SKF-A.ST | Sweden | $12.7B | +18% | -10% | 12% | 16.4× | 5.8% | +4.1% |
| Sinomach Precision Industry 002046.SZ | China | $3.47B | -17% | -1% | 4% | 75.7× | n/a | n/a |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |
| Zhejiang XCC 603667.SS | China | $2.99B | -20% | -15% | 2% | 91.0× | 47.9% | +13.9% |
| RBC Bearings RBC | United States | $15.0B | -22% | +17% | 26% | 29.6× | 26.0% | +25.2% |