Summary of the article:
- Current share price record: The R&S Group share is currently at CHF 39.95 - and thus at an all-time high. However, the share has already tested 40.
- Massive performance since 2024: Anyone who invested at the beginning of 2024 has seen a share price gain of around 276 % so far. This makes R&S one of the strongest performers on the Swiss stock market (Kuros: +650 %, Cicor: +290 %).
- Significantly improved profitability: EBIT margin increased from 4.1 % (2020) to 23.7 % (2024) due to cost focus, portfolio optimization and price increases in the industry.
- Optimistic outlook from UBS: UBS analyst Sebastian Vogel estimates an EBIT margin of 21.7% for 2025, 23.3% for 2026 and 24.4% for 2027. He has also raised the earnings per share (EPS) forecasts - resulting in a new price target of CHF 45 (previously: CHF 36), i.e. around +14% potential from the current price.
- Sector trends support the development: Rising energy consumption and the shift in the energy mix (e.g. towards electrification and decarbonization) are likely to fuel investment in grid infrastructure - and thus demand for R&S transformers.
- New CEO with relevant experience: Eduardo Terzi has been CEO since June - he previously headed up the transformer business at Siemens Energy. Chairman of the Board of Directors Heinz Kundert expects this change to further strengthen R&S's growth targets and market position.
- Octavian's outlook more cautious: The analysts at Octavian have downgraded their rating to "Hold" (previously "Buy") and raised their price target to CHF 35.50 - but this is below the current share price. This makes them much more cautious.
Rekordstand und Luft nach oben: Aktie aus dem Baselbiet steht unter Strom | cash
