Emmi EMMN.SW
SwitzerlandConsumer Defensive · Packaged FoodsSIX Swiss Exchange · CHF
963.67 CHF (+14.7%)
6 analysts
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Emmi is a Swiss dairy food group that produces and markets cheeses, yogurts, milk and other dairy products in Switzerland and international markets, with its own brands and solutions for industrial clients.
Listed on SIX Swiss Exchange · Symbol EMMN.SW · SWX: EMMN · Currency CHF
Key points
from its scores- ✓Favourable backdrop8.4
- ✓Good share-price trend7.0
- !Moderate growth5.0
- !Balance sheet could be stronger5.9
AI analysis
bottom line, main risk, context and newsDefensive quality at a fair price, though without growth catalysts to justify an additional premium.
Emmi presents a solid defensive profile: ROE of 21.93%, gross margin of 39.99% and controlled debt (ND/EBITDA of 1.79), with a reasonable valuation (P/E 19.49) and a sustainable dividend (payout 40.59%). Growth is moderate (revenue +2.20%), consistent with its sector, and positive momentum (15.50%) reflects market confidence.
Limited organic growth (revenue +2.20%) and exposure to international dairy markets, where milk price volatility and competition can compress the operating margin (6.55%).
Context and risks
Emmi is a Swiss food company with a defensive consumer profile. Its business does not depend materially on energy commodities or interest rates, and it has no relevant geopolitical exposure.
Is Emmi stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Consumer Defensive median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.5 | 19.8 | −1% |
| EV / EBITDA | 11.2 | 10.8 | +4% |
| Price / book | 4.1 | 2.7 | +51% |
| Price / sales | 0.9 | 1.2 | −24% |
Sector: median of the 124 Consumer Defensive companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.3 out of 10 (median for Consumer Defensive: 6.3).
Average analyst target: 963.67 CHF, +14.7% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Defensive medianValuation
- P/E
- 19.5
- Forward P/E
- 17.3
- EV / EBITDA
- 11.2
- Price / book
- 4.1
- Price / sales
- 0.9
- PEG
- 7.40
- Market cap
- 4.5B CHF
- Enterprise value
- 5.5B CHF
Profitability
- ROE
- 21.9%
- ROA
- 6.2%
- ROIC (approx.)
- 13.2%
- Gross margin
- 40.0%
- Operating margin
- 6.6%
- Net margin
- 4.8%
- Free cash flow
- 204.3M CHF
- FCF yield
- 4.5%
- Cash conversion
- 41%
Solvency
- Total debt
- 1.3B CHF
- Net debt
- 883.5M CHF
- Cash
- 407.4M CHF
- EBITDA
- 492.7M CHF
- Net debt / EBITDA
- 1.79
- Debt / equity
- 102.99
- Current ratio
- 1.72
- Quick ratio
- 0.97
Growth
- Revenue growth
- +2.2%
- Earnings growth
- +3.7%
- EPS (TTM)
- 43.11 CHF
- EPS (forward)
- 48.45 CHF
Dividend
- Dividend yield
- 2.1%
- Payout
- 40.6%
Risk and market
- Beta
- 0.31
- Analyst consensus
- Strong buy (6)
- Target price
- 963.67 CHF
- 52-week range
- 700.00 – 910.00
Recent news
All EMMN.SW news →Compare it with its sector
All 124 in Consumer Defensive →Frequently asked questions about Emmi
Is Emmi stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Consumer Defensive median (within 15%). Valuation score: 6.3 out of 10 (median for Consumer Defensive: 6.3). Average analyst target: 963.67 CHF, +14.7% versus the price. This is not investment advice.
What score does Emmi get on MeridIAn Screener?
It scores 6.4 out of 10, rank 626 of 2,130 (better than 68% of the companies analysed). Its strongest category is Risk & Context (8.4) and its weakest, Growth (5.0). Analysis of 08/10/2026.
What is Emmi's P/E ratio?
Its P/E is 19.5: the share price equals 19.5 times earnings per share over the last 12 months. The Consumer Defensive median is 19.8. Based on the earnings analysts expect, the forward P/E is 17.3.
How much is Emmi worth on the stock market?
Its market capitalisation is 4.5B CHF and its enterprise value, debt included, is 5.5B CHF.
How much debt does Emmi have?
Its net debt (debt minus cash) is 883.5M CHF. That is 1.79 times its EBITDA; the Consumer Defensive median is 2.38.
Does Emmi pay a dividend?
Yes: its dividend yield is 2.08% and it pays out 41% of its earnings.
How has Emmi stock performed over the last year?
It has risen 16.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 700.00 and 910.00 CHF. Past performance does not guarantee future results.
What do analysts think of Emmi?
6 analysts cover it; their average recommendation is “Strong buy” and their average target is 963.67 CHF (+14.7% versus the price). It is an estimate, not market data.