Implenia AG (IMPN) AI Stock Analysis

7 Followers

Implenia AG

(Six Swiss:IMPN)

Select Model

Rating:64Neutral

Price Target:CHF 76.00▲(1.88% Upside)

Action:reiterated

Date:11/07/26

The score is driven primarily by moderate financial fundamentals (stable profitability but recent revenue/margin pressure, meaningful leverage, and historically volatile cash generation). Technicals are a clear positive with the price above major moving averages and positive MACD, though momentum is nearing overbought levels. Valuation is broadly reasonable (mid-teens P/E and ~2% yield) but not a decisive catalyst given the financial risk profile.

Positive Factors

Sustained ProfitabilityMaintained profitability across five years provides evidence that Implenia’s core operations can generate positive earnings through changing conditions. Although margins are modest, recurring net income supports internal funding, business resilience, and continued participation in complex construction markets.

Negative Factors

Revenue and Margin PressureRecent revenue contraction and thinner 2025 margins indicate that earnings power is not yet showing consistent growth. Continued pressure could reduce operating leverage, limit reinvestment capacity, and make it harder for the company to absorb project execution or cost changes.

Implenia AG (IMPN) vs. iShares MSCI Switzerland ETF (EWL)

Market Cap: CHF 1.38B
Dividend Yield: 1.88%
Average Volume (3M): 40.49K
Price to Earnings (P/E): 16.3
Beta (1Y): 0.55
Revenue Growth: -7.85%
EPS Growth: -15.66%
Country: Switzerland
Employees: 8,531
Sector: Industrials
Sector Strength: 63
Industry: Engineering & Construction

Implenia AG Business Overview & Revenue Model

Company Description

Implenia AG is a prominent provider of construction and real estate services, primarily serving clients across Switzerland, Germany, Austria, Norway, Sweden, and France, with additional international presence. The company's operations are segmented i...

Implenia AG Financial Statement Overview

Summary

Moderate financial quality. Profitability has stabilized with positive net income maintained (2021–2025) and mid-single-digit EBITDA margins, but revenue has turned slightly negative recently and 2025 margins weakened versus 2024. Leverage is still meaningful (debt roughly around/above equity), and cash flow has improved in 2025 yet remains volatile over multiple years.

Income Statement

62Positive

Balance Sheet

54Neutral

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.39B	3.47B	3.56B	3.60B	3.54B	3.76B
Gross Profit	319.92M	321.94M	1.56B	1.47B	356.70M	1.51B
EBITDA	171.27M	270.43M	243.89M	209.30M	202.22M	198.58M
Net Income	84.02M	83.64M	92.36M	140.96M	104.75M	61.16M
Balance Sheet
Total Assets	3.23B	3.33B	3.10B	2.91B	2.75B	2.99B
Cash, Cash Equivalents and Short-Term Investments	376.62M	658.01M	402.00M	478.81M	609.04M	796.89M
Total Debt	788.58M	878.69M	675.15M	635.42M	645.95M	880.25M
Total Liabilities	2.47B	2.57B	2.44B	2.33B	2.27B	2.64B
Stockholders Equity	749.42M	748.68M	652.32M	568.29M	476.20M	333.96M
Cash Flow
Free Cash Flow	131.09M	94.96M	-37.54M	-90.14M	89.41M	-116.34M
Operating Cash Flow	168.00M	137.29M	43.16M	-30.37M	128.13M	-69.25M
Investing Cash Flow	182.34M	-137.70M	-96.71M	17.71M	170.87M	-123.25M
Financing Cash Flow	-243.32M	132.01M	-23.91M	-99.08M	-294.33M	107.42M

Implenia AG Technical Analysis

Technical Analysis SentimentPositive

Last Price74.60

Price Trends

50DMA66.17Positive

100DMA66.38Positive

200DMA66.96Positive

Market Momentum

MACD2.66Negative

RSI74.51Negative

STOCH83.53Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:IMPN, the sentiment is Positive. The current price of 74.60 is above the 20-day moving average (MA) of 68.12, above the 50-day MA of 66.17, and above the 200-day MA of 66.96, indicating a bullish trend. The MACD of 2.66 indicates Negative momentum. The RSI at 74.51 is Negative, neither overbought nor oversold. The STOCH value of 83.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:IMPN.

Implenia AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

CH:IMPN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CH:SCHP	80Outperform	CHF 32.37B	31.96	26.55%	1.95%	-3.06%	4.54%
CH:BEAN	71Outperform	CHF 9.43B	46.23	32.95%	1.30%	19.76%	20.18%
CH:SUN	67Neutral	CHF 6.22B	20.51	23.26%	2.58%	-2.55%	11.09%
CH:IMPN	64Neutral	CHF 1.38B	16.25	11.22%	1.88%	-7.85%	-15.66%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CH:FORN	58Neutral	CHF 1.25B	18.89	10.12%	2.83%	-1.31%	-17.69%
CH:LAND	53Neutral	CHF 1.60B	22.41	8.02%	2.17%	-21.66%	―

* Industrials Sector Average

Performance Comparison

CH:IMPN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
CH:IMPN	Implenia AG	74.60	14.23	23.58%
CH:SCHP	Schindler Holding	307.80	30.18	10.87%
CH:BEAN	BELIMO Holding AG	771.50	0.23	0.03%
CH:FORN	Forbo Holding AG	883.00	206.12	30.45%
CH:LAND	Landis+Gyr Group AG	55.40	4.99	9.90%
CH:SUN	Sulzer AG	184.00	53.78	41.30%

Implenia AG Corporate Events

Implenia Wins Swiss Data Center Services Contract

Nov 4, 2026

Implenia AG is a Swiss construction and real estate services provider offering development, planning, construction and lifecycle management for buildings and infrastructure, with a market focus on Switzerland and Germany. It also provides tunnelling...

Implenia Wins CHF 165 Million Hospital Contract, Deepens Healthcare Focus

Oct 29, 2026

Implenia has secured a total contractor mandate worth around CHF 165 million for the new construction of Spitäler Schaffhausen, further strengthening its position in large, technically demanding healthcare real estate projects. The future-oriented ho...

Implenia lifts profitability and order backlog as growth strategy gains traction

Aug 19, 2026

Implenia reported a 6% rise in first-half EBIT to CHF 60.4 million and a higher EBIT margin of 3.4%, despite slightly lower revenue, as all divisions contributed to profits and demonstrated resilience to macroeconomic uncertainty. The order backlog e...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 07, 2026

Implenia AG AI Stock Analysis