APG|SGA is an outdoor advertising company, selling billboard and transit media space across Switzerland, Italy and other European markets, and it is listed on the SIX Swiss Exchange under APGN.SW. The structural case rests on owning scarce, long-dated media sites in dense urban corridors, which are hard to replicate and let the company price advertising at a premium while sustaining a return on equity of 54.5%. Revenue growth of 10.3% and a forward P/E of 18.0 against a trailing 20.3 suggest earnings are expected to keep compounding without a rerating. The margin profile is the open question: a 22.5% gross margin and 10.6% operating margin leave limited room for error if ad spending softens, so the deeper work should focus on site concentration, lease renewal terms and how much of the recent growth came from pricing versus volume. At roughly 612M CHF of market capitalisation with no index membership, the name is small enough to be overlooked by larger allocators, which is worth examining in its own right.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | CHF 204 | first publication | CHF 204 |
| 22 Oct 2026, 13:04 CEST | Rating | Overvalued | first publication | CHF 206 |
| 22 Oct 2026, 13:04 CEST | Fair value | CHF 121 | first publication | CHF 206 |
Answered from APG|SGA SA fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| APGN.SW APG|SGA SA | CHF 203.00 | CHF 121 | 67% above | 20.2x | 54.5% | 74 | 67 |
| CRTO Criteo S.A. American Depositary Shares | $14.88 | $32 | 54% below | 7.6x | 9.3% | 60 | 46 |
| EVC Entravision Communications Corporation Common Stock | $6.23 | $6 | 5% above | 311.5x | 5.7% | 38 | 58 |
| QNST QuinStreet Inc. Common Stock | $16.52 | $26 | 37% below | 11.7x | 28.6% | 66 | 85 |
| NEXN Nexxen International Ltd. Ordinary Shares | $8.88 | $15 | 41% below | 41.1x | 2.7% | 59 | 66 |
| CCO Clear Channel Outdoor Holdings Inc. Common Stock | $2.42 | - | - | - | 0.0% | 41 | 49 |
| ADV Advantage Solutions Inc. Class A Common Stock | $30.28 | $52 | 42% below | - | -50.8% | 31 | 33 |
Where APGN.SW ranks against its sector peers on each metric.