Emmi AG (EMMN) AI Stock Analysis

• Market Cap: $3.84B
• Dividend Yield: 2.29%
• Average Volume (3M): 5.39K
• Price to Earnings (P/E): 18.0
• Beta (1Y): 0.51
• Revenue Growth: 10.78%
• EPS Growth: 10.53%
• Country: CH
• Employees: 8,821
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 18.18
• Shares Outstanding: 5,349,810
• 10 Day Avg. Volume: 4,891
• 30 Day Avg. Volume: 5,387
• PEG Ratio: 0.98
• Price to Book (P/B): 3.96
• Price to Sales (P/S): 0.91
• P/FCF Ratio: 13.91
• Enterprise Value/Market Cap: 1.40
• Enterprise Value/Revenue: 1.17
• Enterprise Value/Gross Profit: 3.88
• Enterprise Value/Ebitda: 11.87
• 1Y Price Target: $862.93
• Price Target Upside: 19.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: CHF800.00 ▲(10.80% Upside)

Emmi AG's overall stock score is driven primarily by its strong financial performance and robust cash flow generation, despite increased leverage. The technical analysis suggests a neutral market sentiment, while the valuation indicates the stock is fairly valued with a moderate dividend yield. The absence of earnings call and corporate events data did not impact the score.

Emmi AG Business Overview & Revenue Model

Company Description

Emmi AG, together with its subsidiaries, develops, produces, and markets a range of dairy and fresh products primarily in Switzerland, North and South America, Africa, Asia/Pacific, and the rest of Europe. The company operates through Dairy Products, Cheese, Fresh Products, Fresh Cheese, Powder/Concentrates, and Other Products/Services segments. It offers goat milk, cream, butter, cheese, desserts, ice cream, yogurt. The company also exports its products to approximately 60 countries. The company was founded in 1993 and is headquartered in Lucerne, Switzerland. Emmi AG is a subsidiary of ZMP Invest AG.

How the Company Makes Money

Emmi AG generates revenue through several key streams, primarily by selling a diverse range of dairy products to both retail and food service sectors. The company's revenue model is based on the production and sale of high-quality cheese, yogurts, and other dairy items, which are marketed under its own brand as well as private labels. Significant partnerships with retailers and distributors enhance its market reach, while its focus on innovation and premium products allows for higher pricing strategies. Additionally, Emmi benefits from exporting its products to international markets, contributing to its overall revenue growth. The company also invests in sustainability and efficiency, which helps reduce costs and improve profit margins.

Emmi AG Financial Statement Overview

Summary

Emmi AG exhibits a strong financial position with consistent revenue growth and robust cash flow generation. Despite challenges with EBIT in the latest year, the company maintained profitability and cash flow efficiency, demonstrating resilience and operational efficiency in the packaged foods industry. However, increased leverage poses potential risks.

Income Statement

Emmi AG demonstrates a stable revenue growth trend with revenue increasing from CHF 3.70 billion in 2020 to CHF 4.35 billion in 2024. The gross profit margin remained robust at around 38.3% in 2024. However, there was a drop in EBIT from CHF 260 million in 2023 to zero in 2024, impacting the EBIT margin negatively. The EBITDA margin slightly improved, showcasing efficient operations despite EBIT issues. Net profit margin improved over the years, indicating controlled costs and better net income management.

Balance Sheet

The company's debt-to-equity ratio increased significantly from 0.59 in 2019 to 1.34 in 2024, indicating higher leverage. However, Emmi AG maintained a healthy equity ratio of 29.6% in 2024, showing a strong equity position relative to its total assets. Return on equity showed improvement, pointing to efficient use of equity financing to generate profits.

Cash Flow

Emmi AG experienced positive free cash flow growth, with free cash flow increasing from CHF 199 million in 2019 to CHF 283 million in 2024. The operating cash flow to net income ratio was strong, indicating efficient conversion of net income into cash. The free cash flow to net income ratio also showed a healthy trend, suggesting strong cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.60B	4.35B	4.24B	4.23B	3.91B	3.71B
Gross Profit	1.39B	1.66B	1.56B	815.38M	786.31M	747.02M
EBITDA	454.49M	428.44M	371.78M	358.51M	390.72M	363.06M
Net Income	213.15M	220.29M	186.27M	182.55M	216.74M	188.39M
Balance Sheet
Total Assets	3.32B	3.36B	2.71B	2.64B	2.47B	2.34B
Cash, Cash Equivalents and Short-Term Investments	294.41M	306.75M	371.32M	204.12M	256.57M	296.03M
Total Debt	1.32B	1.33B	682.30M	693.91M	658.44M	471.35M
Total Liabilities	2.23B	2.23B	1.30B	1.35B	1.29B	1.10B
Stockholders Equity	959.33M	994.05M	1.29B	1.17B	1.08B	1.13B
Cash Flow
Free Cash Flow	264.18M	283.00M	222.62M	6.71M	103.85M	218.32M
Operating Cash Flow	398.60M	406.88M	370.14M	211.28M	261.26M	344.48M
Investing Cash Flow	-1.00B	-962.93M	-135.83M	-231.10M	-430.01M	-328.69M
Financing Cash Flow	500.03M	507.95M	-81.08M	-23.09M	121.29M	-91.91M

Emmi AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 722.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:EMMN, the sentiment is Negative. The current price of 722 is below the 20-day moving average (MA) of 731.45, above the 50-day MA of 720.48, and below the 200-day MA of 768.90, indicating a neutral trend. The MACD of -0.81 indicates Positive momentum. The RSI at 47.57 is Neutral, neither overbought nor oversold. The STOCH value of 34.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:EMMN.

Emmi AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EMMN	71 Outperform	$3.84B	18.02	18.34%	2.29%	10.78%	10.53%
ARYN	69 Neutral	CHF1.20B	12.17	24.18%	―	0.90%	30.62%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
BELL	60 Neutral	CHF1.41B	11.40	7.93%	3.13%	4.59%	-3.22%
ORON	39 Underperform	CHF80.43M	―	―	―	-0.16%	-241.84%

Emmi AG Corporate Events

Emmi AG Reports Strong Sales Growth Amid Challenges

Emmi AG, a leading Swiss dairy company, specializes in producing high-quality dairy products and has a strong focus on innovation and sustainability. In its latest earnings report for the first half of 2025, Emmi AG reported a 12.7% increase in net sales, reaching CHF 2,272 million, driven by acquisitions and organic growth, despite facing negative currency effects. The company’s EBITDA rose to CHF 223.1 million, maintaining a margin of 9.8%, while net profit slightly decreased to CHF 97.2 million, impacted by higher financial expenses and currency losses. Emmi’s strategic focus on growth markets in the Americas and Europe, along with innovative product launches, contributed to its robust performance. Looking ahead, Emmi AG remains optimistic about achieving sustainable growth, despite economic challenges, by leveraging its strong brand portfolio and efficiency measures.

Emmi AG Reports Strong Growth in H1 2025 Amid Challenging Market Conditions

Emmi AG reported strong growth dynamics in the first half of 2025, with a 12.7% increase in group sales to CHF 2,272.4 million, driven by organic growth and acquisitions, despite negative currency effects. The company’s strategic focus on consumer trends and innovation has allowed it to differentiate itself in a challenging market, with significant contributions from the Mademoiselle Desserts Group acquisition and growth in strategic niches and markets.

The most recent analyst rating on (CH:EMMN) stock is a Sell with a CHF715.00 price target. To see the full list of analyst forecasts on Emmi AG stock, see the CH:EMMN Stock Forecast page.