Article by Yippee-Ki-Yay

R&S Group Holding AG: Detailed Opinion on this Swiss Share

Buy signal | Free publication | 9 Dec 2025

R&S Group Holding AG: The Swiss Gem That Everyone Is Talking About 🇨🇭

Hello, investors! Today, we're going to take a closer look at R&S Group Holding AG, a Swiss publicly traded company that has made a huge leap forward in recent years. Spoiler alert: it's worth checking out!

Who are these guys?

R&S Group Holding AG is a bit like the quiet guy who's quietly succeeding. This Swiss company operates in a cash-generating sector, and frankly, their figures speak for themselves. In 2024, they broke their record with CHF 282.62 million in revenue, compared to CHF 216.9 million the year before. That's a jump of +30%, folks! Not bad for a company that came out of nowhere in 2021-2022.

Their business model? They managed to go from a net result of almost zero in 2022 to a net profit of CHF 41.2 million in 2024. Now that's what we call a great transformation!

The Killer Analysis: My Rating out of 5 🎯

1. Turnover: 4.5/5 💰

Frankly, hats off! From CHF 0 in 2021-2022 to CHF 282.62 million in 2024, that's insane growth. The company has generated rapid expansion, and forecasts predict CHF 418.58 million for 2025 and CHF 455.40 million for 2026. That's solid, even if we remain cautious about the ability to maintain this breakneck pace.

One small caveat: it's still a relatively young company in its growth phase, so we need to remain vigilant.

2. Net profit: 4/5 📈

Net profit rose from CHF 11.63 million in 2023 to CHF 41.2 million in 2024. This represents a 3.5-fold increase in one year! Forecasts predict CHF 56.28 million in 2025 and CHF 63.05 million in 2026. Profitability is clearly improving, with a net margin climbing to around 14-15%.

Point to note: it remains to be seen whether this growth is organic or boosted by acquisitions.

3. Debt: 3/5 ⚠️

Now, this is less appealing. Net debt has risen from virtually zero in 2022 to CHF 91.26 million today. Forecasts show an improvement to CHF 83.68 million in 2025 and CHF 61.29 million in 2026, which is rather reassuring. The company generates enough operating cash flow (CHF 48.65 million in 2024) to manage this, but it needs to be monitored closely.

The debt/EBITDA ratio remains manageable, but it's not exactly great either.

4. Return on equity (ROE): 2.5/5 😬

Ouch, this is THE big sticking point. With negative equity of CHF -5.3 million, ROE is well into the red at -305.65% (technically absurd). The company has made massive share buybacks (85.38 million in 2024) and distributed dividends (-6.98 million), which has weighed heavily on equity.

Forecasts show an improvement with ROE expected to normalise around 69-115% by 2026-2027, but this is still high. Equity needs to be seriously replenished.

5. Market Performance: 3.5/5 📊

With a PE of 10.51 and a price/sales ratio of 2.26, the valuation remains reasonable for a growing company. The analyst consensus is fairly positive, with a forward PE of 11.16 and expected EPS of CHF 1.54 for 2025.

The current share price of CHF 17.36 seems fair, although not particularly cheap.

🎬 Overall Average: 3.5/5

My (Almost) Unbiased Conclusion 🤔

R&S Group is clearly a success story in the making. Its growth is impressive, it is generating cash, and its trajectory is positive. BUT (yes, there is always a but), this financial structure with negative equity really bothers me.

It is an aggressive company in its capital strategy: it prefers to buy back its shares and distribute cash rather than strengthen its balance sheet. This may pay off if growth continues, but it is risky if it ever slows down.

Forecasts that inspire dreams 🔮

Estimated share value

For 2026, with an expected EPS of CHF 1.68 and applying a PE of 11-12x (conservative), we arrive at a valuation between CHF 18.50 and CHF 20.15. Moderate upside potential.

For 2027, with projected EPS of around CHF 1.98, we could be looking at CHF 21.50 to CHF 23.75, representing potential upside of +25-37% over three years.

Not spectacular, but respectable!

My bonus tip: keep an eye on how debt and equity evolve over the coming quarters. If things normalise, you can strengthen your position. If things get worse, get out immediately!

There you have it, now you know everything! R&S Group is risky, but it's a calculated risk. It's up to you to decide if you're ready to play the game! 🎲

  • Signal : Buy
  • Budget/Investment : Medium
  • Reinforcement required : Yes, if under CHF 14
  • Exposure : Medium/High
  • Horizon : 1 to 2 years
  • Potential profitability : +25% to +37%
  • Ref. ISIN code : CH1107979838
  • Article updated on 27/02/2026: R&S Group Holding shares were sold in February 2026 with a return on investment of 38% in three months. 🤑