Swiss Prime Site AG (SPSN.SW) stock analysis

In our weekly check, Swiss Prime Site AG is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 8, red flags: 4.

About Swiss Prime Site AG

Swiss Prime Site AG is a Real Estate company (Real Estate - Services) based in Switzerland, listed on SIX as SPSN.SW.

What our checks show for SPSN.SW

Red flags

• Net debt is 14.2x a year of EBITDA (debt/equity 0.87). That limits room in a downturn and raises refinancing risk.
• Analysts expect the net margin to shrink by 8.4 points from today's 69.1%.
• Revenue fell 5.1% a year over the last 3 years.
• Return on capital (ROCE) is only 3%.

Warning signs

• Operating cash flow is only 0.79x net profit: part of the reported profit does not arrive as cash.
• Analysts expect earnings per share to shrink about 1.8% a year.
• Analysts expect only about 2.2% a year of growth in revenue.
• Earnings per share fell 3.1% a year over the last 3 years.
• Net profit fell 1.8% a year over the last 3 years.
• The stock has fallen as much as 45% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 3 years.
• Thinly traded (about 107 thousand shares a day): buying and selling can move the price.

Strengths

• The net margin rose by 2.6 points over 5 years, to 69.1%.
• The gross margin is 86.6% and has risen by 8.5 points: pricing power is holding.
• The company keeps 69.1% of its revenue as net profit.
• Free cash flow is 54.3% of revenue: cash for dividends, buybacks or growth.
• A large company: market value $12.22 billion.
• The price moves calmly: 14.2% annual volatility.

Similar companies

PSPN.SW · LI.PA · CPT · BXP · AGNCL · EGP

Questions

What grade does Swiss Prime Site AG (SPSN.SW) have?

In our weekly check, Swiss Prime Site AG is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 8, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of SPSN.SW stock?

This week's biggest flags for Swiss Prime Site AG: High debt, Margins expected to shrink, Weak revenue growth. In total 12 of 25 checks show a warning or a red flag.

What does Swiss Prime Site AG do?

Swiss Prime Site AG is a Real Estate company (Real Estate - Services) based in Switzerland, listed on SIX as SPSN.SW.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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