Update shared on08 Oct 2025
Fair value Increased 1.99%Analysts have slightly raised their fair value estimate for VAT Group from CHF 327.36 to CHF 333.87. This revision is due to a modest improvement in profit outlook and expectations for group EBITDA that surpass consensus forecasts.
Analyst Commentary
Recent Street research reveals a divide among analysts evaluating VAT Group's potential, with both positive and cautious views reflected in recent updates to recommendations and price targets.
Bullish Takeaways- Bullish analysts have recently upgraded recommendations, citing improved profitability and resilience despite softness in semiconductor capital expenditure.
- The share price is described as having already priced in a period of industry weakness. This makes further downside less likely and presents a more attractive risk-reward profile.
- Forecasts for group EBITDA in upcoming years are viewed by bullish analysts as ahead of consensus estimates, which supports upward revisions to fair value and ratings.
- Some price targets have been raised, highlighting confidence in VAT Group's ability to outperform muted expectations through operational execution and cost controls.
- Bearish analysts remain cautious, with multiple downward revisions to price targets. This reflects concerns over industry headwinds and limited near-term growth catalysts.
- Skepticism remains regarding the pace of recovery in the semiconductor capital equipment market, which could weigh on earnings momentum.
- Maintaining neutral or hold ratings, some analysts are wary that potential upside may already be captured. This could leave limited margin for error if execution falters.
- The trimmed targets also underscore worries about possible declines in forward EBIT, indicating room for volatility if growth projections disappoint.
What's in the News
- VAT Group AG issued earnings guidance for the third quarter, projecting sales between CHF 255 million and CHF 285 million (Key Developments).
- The company expects higher sales and net income for the full year 2025 (Key Developments).
Valuation Changes
- The Fair Value Estimate has risen slightly, increasing from CHF 327.36 to CHF 333.87.
- The Discount Rate has inched up modestly from 4.96% to 5.04%.
- The Revenue Growth projection has increased marginally, moving from 12.34% to 12.40%.
- The Net Profit Margin expectation is largely unchanged, moving up just slightly from 24.14% to 24.16%.
- The Future P/E ratio has edged higher from 31.59x to 32.20x.
Disclaimer
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