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Landis+Gyr Group AG
(LAND)
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Rating:49Neutral
Price Target:
CHF51.00
▲(9.80% Upside)
Action:Reiterated
Date:08/20/26
The score is primarily held back by weak and volatile profitability and declining revenue, despite a still-manageable balance sheet and a rebound to positive free cash flow in 2026. Technicals are broadly neutral with only modest momentum improvement, while valuation remains pressured due to losses, partially offset by a moderate dividend yield.
Positive Factors
Recurring utility infrastructure model
The combination of utility hardware, software, deployment support and lifecycle services gives Landis+Gyr multiple revenue streams around each installed system. Recurring software and service activity can deepen customer relationships and provide a durable base beyond individual meter deliveries.
Negative Factors
Sharp revenue decline
Two consecutive years of revenue pressure weaken the near-term foundation for sustainable earnings growth and may reduce operating leverage across the business. A steep 2026 decline is especially concerning because it can make fixed costs harder to absorb and delay a durable recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring utility infrastructure model
The combination of utility hardware, software, deployment support and lifecycle services gives Landis+Gyr multiple revenue streams around each installed system. Recurring software and service activity can deepen customer relationships and provide a durable base beyond individual meter deliveries.
Read all positive factors
Landis+Gyr Group AG (LAND) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF1.51B
Dividend Yield2.29%
Average Volume (3M)94.56K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth-39.02%
EPS Growth-40.84%
CountryCH
Employees6,053
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-5.86
Shares Outstanding28,908,943
10 Day Avg. Volume83,357
30 Day Avg. Volume94,565
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)1.65
Price to Sales (P/S)1.56
P/FCF Ratio30.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF54.75Price Target Upside17.87% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)3.17
Revenue Forecast (FY)CHF1.15B
Landis+Gyr Group AG Business Overview & Revenue Model
Company Description
Landis+Gyr Group AG, a Swiss firm founded in Cham in 1896, provides comprehensive energy management solutions to utility companies across the Americas, Europe, the Middle East, Africa, and Asia Pacific regions. Its product and service portfolio is...
How the Company Makes Money
Landis+Gyr makes money primarily by selling and supporting utility-scale smart metering and grid-edge solutions. Its revenue model is centered on (1) product sales to utilities—most notably electricity smart meters and associated communications ha...
Landis+Gyr Group AG Earnings Call Summary
Earnings Call Date:Oct 29, 2026
(Q2-2026)
| Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call was predominantly positive, supported by a record $4 billion backlog, strong order intake, higher adjusted EBITDA margin guidance, the completed EMEA divestment, a planned $175 million buyback, and improving sequential performance. These positives were partially offset by year-over-year revenue declines in both the Americas and APAC, lower year-over-year gross margin and EBITDA, project timing issues, temporary tariff costs, and planned fiscal 2025 dis-synergies.Positive Updates
Strong Order Intake and Record Backlog
First-half order intake was $595 million, producing a 1.1 book-to-bill ratio, driven by key grid edge technology wins in the Americas. The order backlog reached a new company record of close to $4 billion, increased 30% over the past 12 months, and represents more than 3 years of revenue for the continuing business.
Negative Updates
First-Half Revenue Decline
First-half net revenue was $535.9 million and declined year over year. Management attributed the decline to early milestone completions in the Americas and the wrap-up of a major APAC project in the prior-year period.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Order Intake and Record Backlog
First-half order intake was $595 million, producing a 1.1 book-to-bill ratio, driven by key grid edge technology wins in the Americas. The order backlog reached a new company record of close to $4 billion, increased 30% over the past 12 months, and represents more than 3 years of revenue for the continuing business.
Read all positive updates
Company Guidance
For fiscal year 2025, Landis+Gyr confirmed net revenue growth guidance of 5% to 8% for the continuing Landis+Gyr business and raised adjusted EBITDA margin guidance from initially 10.5% to 12% to now 13% to 14.5% of revenue; it expects a strong top line performance in the second half, will carry $10 million to $15 million of dis-synergies, mainly corporate costs that will go with EMEA after closing, and said this will elevate profitability further in 2026 and beyond. The difference between 5% and 8% depends on execution until the last day of March of the fiscal year, while tariffs are expected to have a minimal impact on financial performance throughout the fiscal year, with a net impact of about $5 million incurred in the first 2 to 3 months and expected to be in the rear mirror.Landis+Gyr Group AG Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.17B | 1.73B | 1.96B | 1.68B | 1.46B |
| Gross Profit | 386.14M | 512.15M | 598.81M | 477.45M | 470.22M |
| EBITDA | 148.47M | 22.12M | 214.15M | 143.87M | 163.84M |
| Net Income | -168.90M | -150.46M | 109.98M | 207.93M | 79.40M |
Balance Sheet | |||||
| Total Assets | 2.31B | 2.41B | 2.44B | 2.42B | 2.29B |
| Cash, Cash Equivalents and Short-Term Investments | 232.91M | 171.56M | 127.84M | 117.37M | 84.85M |
| Total Debt | 470.56M | 435.21M | 335.40M | 276.25M | 332.49M |
| Total Liabilities | 1.20B | 1.09B | 892.88M | 895.03M | 890.46M |
| Stockholders Equity | 1.11B | 1.31B | 1.54B | 1.52B | 1.38B |
Cash Flow | |||||
| Free Cash Flow | 59.77M | 46.95M | 89.57M | -74.07M | 88.69M |
| Operating Cash Flow | 98.28M | 78.89M | 121.20M | -45.77M | 115.78M |
| Investing Cash Flow | -38.67M | -36.24M | -102.86M | 205.78M | -184.17M |
| Financing Cash Flow | 2.99M | 2.20M | -5.35M | -118.87M | 14.22M |
Landis+Gyr Group AG Technical Analysis
Positive
46.45
Price Trends
48.51
Positive
46.85
Positive
48.61
Positive
Market Momentum
0.90
Positive
57.77
Neutral
36.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:LAND, the sentiment is Positive. The current price of 46.45 is below the 20-day moving average (MA) of 50.76, below the 50-day MA of 48.51, and below the 200-day MA of 48.61, indicating a bullish trend. The MACD of 0.90 indicates Positive momentum. The RSI at 57.77 is Neutral, neither overbought nor oversold. The STOCH value of 36.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:LAND.
Landis+Gyr Group AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | CHF9.51B | 46.32 | 32.95% | 1.29% | 19.76% | 20.18% | |
71 Outperform | CHF6.03B | 27.67 | 58.46% | 2.33% | 13.24% | 25.17% | |
70 Outperform | CHF125.23B | 30.51 | 31.59% | 1.35% | 0.79% | 6.54% | |
67 Neutral | CHF5.88B | 19.41 | 23.26% | 2.73% | -2.55% | 11.09% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | CHF1.51B | -10.79 | -15.26% | 2.29% | -39.02% | -40.84% | |
16 Underperform | CHF135.10M | -0.86 | 132.25% | ― | ― | ― |
* Industrials Sector Average
CH:LAND
Landis+Gyr Group AG
52.30
-7.65
-12.76%
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32.90%
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CH:ACLN
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-0.87%
Landis+Gyr Group AG Corporate Events
Landis+Gyr Wins Major U.S. Smart Meter Contract
Oct 26, 2026
Landis+Gyr has secured a major contract from a leading investor-owned utility in the U.S., covering the deployment of more than 3 million advanced metering endpoints. The deal includes Revelo smart meters, communications network and head-end syste...
Landis+Gyr Launches New Share Buyback to Complete EMEA Proceeds Return
Aug 20, 2026
Landis+Gyr Group AG has launched a new share buyback program of up to USD 37 million, or a maximum of 2.09% of its issued registered shares, to complete the planned return of net proceeds from the sale of its EMEA business to shareholders. The sha...
Landis+Gyr Completes CHF 50 Million Share Repurchase and Plans Further Buybacks
Aug 19, 2026
Landis+Gyr has completed a public fixed-price share repurchase offer of up to CHF 50 million, in which shareholders tendered 4,106,869 registered shares against a maximum of 1,000,000 shares at CHF 50.00 per share. Due to oversubscription, the com...
Landis+Gyr Launches CHF 50 Million Fixed-Price Share Buyback
Aug 3, 2026
Landis+Gyr Group AG has launched a fixed-price share buyback offer of up to 1,000,000 registered shares at CHF 50.00 per share, for a total value of up to CHF 50 million, representing a 9.5% premium to the last closing price before the announcemen...
Landis+Gyr boosts profitability, accelerates buyback after EMEA deal
Jul 28, 2026
Landis+Gyr reported a seasonally weak first quarter of financial year 2026 with net revenue down 6.8% to USD 232.3 million, largely due to project timing, while adjusted gross profit rose 1.0% and margin improved to 37.4% on efficiency gains and h...
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.