SONOVA HOLDING AG-REG (PHBN.DE) Fundamental Analysis & Valuation

FRA:PHBN • CH0012549785

Current stock price

237.4 EUR
-1.6 (-0.67%)
Last:

This PHBN.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. PHBN.DE Profitability Analysis

1.1 Basic Checks

  • In the past year PHBN was profitable.
  • In the past year PHBN had a positive cash flow from operations.
  • In the past 5 years PHBN has always been profitable.
  • Each year in the past 5 years PHBN had a positive operating cash flow.
PHBN.DE Yearly Net Income VS EBIT VS OCF VS FCFPHBN.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 9.45%, PHBN belongs to the top of the industry, outperforming 85.94% of the companies in the same industry.
  • With an excellent Return On Equity value of 21.44%, PHBN belongs to the best of the industry, outperforming 89.06% of the companies in the same industry.
  • PHBN has a Return On Invested Capital of 12.52%. This is amongst the best in the industry. PHBN outperforms 87.50% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PHBN is in line with the industry average of 9.72%.
  • The last Return On Invested Capital (12.52%) for PHBN is above the 3 year average (11.68%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 9.45%
ROE 21.44%
ROIC 12.52%
ROA(3y)10.39%
ROA(5y)10.52%
ROE(3y)24.63%
ROE(5y)24.39%
ROIC(3y)11.68%
ROIC(5y)11.31%
PHBN.DE Yearly ROA, ROE, ROICPHBN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • With a decent Profit Margin value of 13.53%, PHBN is doing good in the industry, outperforming 79.69% of the companies in the same industry.
  • In the last couple of years the Profit Margin of PHBN has declined.
  • Looking at the Operating Margin, with a value of 19.28%, PHBN is in the better half of the industry, outperforming 79.69% of the companies in the same industry.
  • In the last couple of years the Operating Margin of PHBN has grown nicely.
  • With an excellent Gross Margin value of 71.66%, PHBN belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
  • PHBN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 19.28%
PM (TTM) 13.53%
GM 71.66%
OM growth 3Y-5.82%
OM growth 5Y2.12%
PM growth 3Y-10.17%
PM growth 5Y-3.33%
GM growth 3Y-0.36%
GM growth 5Y0.28%
PHBN.DE Yearly Profit, Operating, Gross MarginsPHBN.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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5

2. PHBN.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so PHBN is creating value.
  • The number of shares outstanding for PHBN remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, PHBN has less shares outstanding
  • Compared to 1 year ago, PHBN has an improved debt to assets ratio.
PHBN.DE Yearly Shares OutstandingPHBN.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
PHBN.DE Yearly Total Debt VS Total AssetsPHBN.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 4.57 indicates that PHBN is not in any danger for bankruptcy at the moment.
  • PHBN's Altman-Z score of 4.57 is fine compared to the rest of the industry. PHBN outperforms 78.13% of its industry peers.
  • PHBN has a debt to FCF ratio of 2.11. This is a good value and a sign of high solvency as PHBN would need 2.11 years to pay back of all of its debts.
  • PHBN's Debt to FCF ratio of 2.11 is fine compared to the rest of the industry. PHBN outperforms 79.69% of its industry peers.
  • A Debt/Equity ratio of 0.58 indicates that PHBN is somewhat dependend on debt financing.
  • PHBN has a worse Debt to Equity ratio (0.58) than 62.50% of its industry peers.
  • Although PHBN's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 2.11
Altman-Z 4.57
ROIC/WACC2.77
WACC4.52%
PHBN.DE Yearly LT Debt VS Equity VS FCFPHBN.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • PHBN has a Current Ratio of 1.24. This is a normal value and indicates that PHBN is financially healthy and should not expect problems in meeting its short term obligations.
  • PHBN has a worse Current ratio (1.24) than 64.06% of its industry peers.
  • PHBN has a Quick Ratio of 1.24. This is a bad value and indicates that PHBN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • PHBN has a worse Quick ratio (0.91) than 60.94% of its industry peers.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 0.91
PHBN.DE Yearly Current Assets VS Current LiabilitesPHBN.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. PHBN.DE Growth Analysis

3.1 Past

  • The earnings per share for PHBN have decreased by -7.93% in the last year.
  • The Earnings Per Share has been growing slightly by 3.64% on average over the past years.
  • PHBN shows a small growth in Revenue. In the last year, the Revenue has grown by 3.79%.
  • Measured over the past years, PHBN shows a small growth in Revenue. The Revenue has been growing by 5.79% on average per year.
EPS 1Y (TTM)-7.93%
EPS 3Y-4.38%
EPS 5Y3.64%
EPS Q2Q%-9.71%
Revenue 1Y (TTM)3.79%
Revenue growth 3Y4.74%
Revenue growth 5Y5.79%
Sales Q2Q%-0.97%

3.2 Future

  • PHBN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.43% yearly.
  • The Revenue is expected to grow by 4.95% on average over the next years.
EPS Next Y8.59%
EPS Next 2Y11.27%
EPS Next 3Y11.23%
EPS Next 5Y12.43%
Revenue Next Year1.7%
Revenue Next 2Y3.41%
Revenue Next 3Y4.16%
Revenue Next 5Y4.95%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
PHBN.DE Yearly Revenue VS EstimatesPHBN.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B 4B 5B
PHBN.DE Yearly EPS VS EstimatesPHBN.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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5

4. PHBN.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • PHBN is valuated rather expensively with a Price/Earnings ratio of 24.96.
  • PHBN's Price/Earnings ratio is a bit cheaper when compared to the industry. PHBN is cheaper than 68.75% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, PHBN is valued at the same level.
  • PHBN is valuated rather expensively with a Price/Forward Earnings ratio of 19.40.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of PHBN indicates a somewhat cheap valuation: PHBN is cheaper than 64.06% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.28, PHBN is valued at the same level.
Industry RankSector Rank
PE 24.96
Fwd PE 19.4
PHBN.DE Price Earnings VS Forward Price EarningsPHBN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PHBN is valued a bit cheaper than the industry average as 64.06% of the companies are valued more expensively.
  • PHBN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PHBN is cheaper than 84.38% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.43
EV/EBITDA 14.11
PHBN.DE Per share dataPHBN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of PHBN may justify a higher PE ratio.
PEG (NY)2.91
PEG (5Y)6.87
EPS Next 2Y11.27%
EPS Next 3Y11.23%

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6

5. PHBN.DE Dividend Analysis

5.1 Amount

  • PHBN has a Yearly Dividend Yield of 2.09%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.12, PHBN pays a better dividend. On top of this PHBN pays more dividend than 81.25% of the companies listed in the same industry.
  • PHBN's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.09%

5.2 History

  • The dividend of PHBN is nicely growing with an annual growth rate of 7.88%!
Dividend Growth(5Y)7.88%
Div Incr Years0
Div Non Decr Years0
PHBN.DE Yearly Dividends per sharePHBN.DE Yearly Dividends per shareYearly Dividends per share 2025 1 2 3 4

5.3 Sustainability

  • PHBN pays out 50.40% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of PHBN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.4%
EPS Next 2Y11.27%
EPS Next 3Y11.23%
PHBN.DE Yearly Income VS Free CF VS DividendPHBN.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
PHBN.DE Dividend Payout.PHBN.DE Dividend Payout, showing the Payout Ratio.PHBN.DE Dividend Payout.PayoutRetained Earnings

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PHBN.DE Fundamentals: All Metrics, Ratios and Statistics

SONOVA HOLDING AG-REG

FRA:PHBN (1/23/2026, 7:00:00 PM)

237.4

-1.6 (-0.67%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)11-14
Earnings (Next)05-07
Inst Owners43%
Inst Owner ChangeN/A
Ins Owners11.45%
Ins Owner ChangeN/A
Market Cap14.16B
Revenue(TTM)3.85B
Net Income(TTM)520.40M
Analysts53.33
Price Target278.88 (17.47%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.09%
Yearly Dividend4.69
Dividend Growth(5Y)7.88%
DP50.4%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-0.85%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.61%
EPS NY rev (3m)-8.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.48%
Valuation
Industry RankSector Rank
PE 24.96
Fwd PE 19.4
P/S 3.37
P/FCF 18.43
P/OCF 15.81
P/B 5.34
P/tB N/A
EV/EBITDA 14.11
EPS(TTM)9.51
EY4.01%
EPS(NY)12.24
Fwd EY5.15%
FCF(TTM)12.88
FCFY5.43%
OCF(TTM)15.01
OCFY6.32%
SpS70.46
BVpS44.45
TBVpS-7.29
PEG (NY)2.91
PEG (5Y)6.87
Graham Number97.53
Profitability
Industry RankSector Rank
ROA 9.45%
ROE 21.44%
ROCE 17.78%
ROIC 12.52%
ROICexc 14.26%
ROICexgc 62.47%
OM 19.28%
PM (TTM) 13.53%
GM 71.66%
FCFM 18.28%
ROA(3y)10.39%
ROA(5y)10.52%
ROE(3y)24.63%
ROE(5y)24.39%
ROIC(3y)11.68%
ROIC(5y)11.31%
ROICexc(3y)13.28%
ROICexc(5y)13.73%
ROICexgc(3y)57.29%
ROICexgc(5y)71.13%
ROCE(3y)16.59%
ROCE(5y)16.07%
ROICexgc growth 3Y-12.61%
ROICexgc growth 5Y7.75%
ROICexc growth 3Y-3.74%
ROICexc growth 5Y4.49%
OM growth 3Y-5.82%
OM growth 5Y2.12%
PM growth 3Y-10.17%
PM growth 5Y-3.33%
GM growth 3Y-0.36%
GM growth 5Y0.28%
F-Score7
Asset Turnover0.7
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 2.11
Debt/EBITDA 1.43
Cap/Depr 47.53%
Cap/Sales 3.02%
Interest Coverage 29.44
Cash Conversion 83.08%
Profit Quality 135.17%
Current Ratio 1.24
Quick Ratio 0.91
Altman-Z 4.57
F-Score7
WACC4.52%
ROIC/WACC2.77
Cap/Depr(3y)57.33%
Cap/Depr(5y)52.51%
Cap/Sales(3y)3.74%
Cap/Sales(5y)3.57%
Profit Quality(3y)107.52%
Profit Quality(5y)113.47%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.93%
EPS 3Y-4.38%
EPS 5Y3.64%
EPS Q2Q%-9.71%
EPS Next Y8.59%
EPS Next 2Y11.27%
EPS Next 3Y11.23%
EPS Next 5Y12.43%
Revenue 1Y (TTM)3.79%
Revenue growth 3Y4.74%
Revenue growth 5Y5.79%
Sales Q2Q%-0.97%
Revenue Next Year1.7%
Revenue Next 2Y3.41%
Revenue Next 3Y4.16%
Revenue Next 5Y4.95%
EBIT growth 1Y8.89%
EBIT growth 3Y-1.35%
EBIT growth 5Y8.03%
EBIT Next Year32.18%
EBIT Next 3Y15.32%
EBIT Next 5Y11.37%
FCF growth 1Y18.2%
FCF growth 3Y-7.7%
FCF growth 5Y-1.69%
OCF growth 1Y11.71%
OCF growth 3Y-5.52%
OCF growth 5Y-1.21%

SONOVA HOLDING AG-REG / PHBN.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for SONOVA HOLDING AG-REG?

ChartMill assigns a fundamental rating of 6 / 10 to PHBN.DE.


Can you provide the valuation status for SONOVA HOLDING AG-REG?

ChartMill assigns a valuation rating of 5 / 10 to SONOVA HOLDING AG-REG (PHBN.DE). This can be considered as Fairly Valued.


What is the profitability of PHBN stock?

SONOVA HOLDING AG-REG (PHBN.DE) has a profitability rating of 8 / 10.


What is the valuation of SONOVA HOLDING AG-REG based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SONOVA HOLDING AG-REG (PHBN.DE) is 24.96 and the Price/Book (PB) ratio is 5.34.


What is the earnings growth outlook for SONOVA HOLDING AG-REG?

The Earnings per Share (EPS) of SONOVA HOLDING AG-REG (PHBN.DE) is expected to grow by 8.59% in the next year.