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Sonova Holding AGSWX:SOON Stock Report

Market Cap CHF 12.2b
Share Price
CHF 203.20
CHF 155
31.1% overvalued intrinsic discount
1Y-21.5%
7D-0.3%
1D
Portfolio Value
View

Sonova Holding AG

SWX:SOON Stock Report

Market Cap: CHF 12.2b

Sonova Holding (SOON) Stock Overview

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. More details

SOON fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends4/6

SOON Community Fair Values

Create Narrative

See what 44 others think this stock is worth. Follow their fair value or set your own to get alerts.

Sonova Holding AG Competitors

Price History & Performance

Summary of share price highs, lows and changes for Sonova Holding
Historical stock prices
Current Share PriceCHF 203.20
52 Week HighCHF 259.50
52 Week LowCHF 163.00
Beta1.07
1 Month Change15.45%
3 Month Change4.88%
1 Year Change-21.48%
3 Year Change-14.48%
5 Year Change-38.14%
Change since IPO3,719.56%

Recent News & Updates

Narrative Update Jun 05

SOON: Portfolio Shift And Mixed Ratings May Steady P E Over Time

Sonova Holding's updated analyst price target edges higher to CHF 216.51 from CHF 216.15. This reflects analysts' mixed revisions in recent research that factor in adjusted growth, margin and P/E assumptions across the stock.

Recent updates

Narrative Update Jun 05

SOON: Portfolio Shift And Mixed Ratings May Steady P E Over Time

Sonova Holding's updated analyst price target edges higher to CHF 216.51 from CHF 216.15. This reflects analysts' mixed revisions in recent research that factor in adjusted growth, margin and P/E assumptions across the stock.
Narrative Update May 18

SOON: Lower Expected P/E Will Pressure Shares As Rating Cuts Deepen

Narrative Update The analyst price target for Sonova Holding is now set at CHF 155, down from CHF 170, as analysts adjust their assumptions on revenue growth, profit margins, discount rate, and future P/E in light of recent mixed rating changes and several reduced Street price targets in CHF. Analyst Commentary Recent Street research around Sonova Holding shows a mixed but increasingly cautious tone, with several Bearish analysts trimming price targets and flagging risks around execution and valuation, even as a few banks take a more constructive stance.
Narrative Update May 03

SOON: Portfolio Shift And Retail Expansion May Support Higher P E Over Time

Analysts have trimmed the blended fair value estimate for Sonova to about CHF 216 from roughly CHF 227. This reflects lower price targets from several banks alongside updated assumptions for slightly slower revenue growth, a marginally higher discount rate and a modest tweak to future P/E and margin expectations.
Narrative Update Apr 18

SOON: Portfolio Shift And Execution Improvements Will Support Medium Term Upside

Analysts have trimmed their average price target on Sonova Holding by CHF 6, reflecting slightly adjusted fair value assumptions and a lower future P/E multiple, following a mix of recent target cuts and rating changes across the Street. Analyst Commentary Recent research shows a split tape, with several target cuts balanced by fresh upgrades that highlight where bullish analysts see room for upside if execution stays on track.
Narrative Update Apr 04

SOON: Execution Improvements And Portfolio Shift Will Drive Medium Term Upside

Narrative Update: Sonova Holding The updated analyst price target for Sonova Holding has shifted to CHF 298.92 from CHF 292.06. This reflects analysts' revised assumptions around a higher future P/E of 25.06, along with modestly adjusted revenue growth, profit margin, and discount rate inputs following recent rating changes and target resets from major banks.
Narrative Update Mar 21

SOON: Higher P E Assumptions May Drive Shares Higher Over Time

Analysts have adjusted the Sonova Holding price target slightly higher from CHF 226.50 to about CHF 227.30, reflecting mixed recent research in which some see improved upside potential, while others are growing more cautious on assumptions such as discount rate, growth, margins and future P/E. Analyst Commentary Recent research on Sonova highlights a split view on the shares, with some analysts pointing to improved upside and others turning more cautious on the assumptions that underpin current valuation.
Narrative Update Mar 07

SOON: Slightly Higher Discount Rate Will Eventually Pressure Earnings Multiple

Analysts kept their CHF 170.00 price target for Sonova Holding unchanged, citing only modest tweaks to their long term assumptions on discount rate, revenue growth, profit margin and future P/E that did not materially affect their overall valuation view. Valuation Changes Fair Value: CHF 170.00 remains unchanged, with no adjustment to the overall valuation level.
Narrative Update Feb 21

SOON: Higher Discount Rate Will Pressure Margins And Challenge Current Share Price

Analysts are maintaining their CHF 170.00 price target for Sonova Holding, noting that small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions are viewed as offsetting each other in their updated models. Valuation Changes Fair Value: CHF 170.00 remains unchanged in the updated model.
Analysis Article Feb 15

What You Can Learn From Sonova Holding AG's (VTX:SOON) P/E

There wouldn't be many who think Sonova Holding AG's ( VTX:SOON ) price-to-earnings (or "P/E") ratio of 22.7x is worth...
Narrative Update Feb 06

SOON: Execution Risks And Margin Pressure Will Challenge Current Share Price

Analysts have reduced their fair value estimate for Sonova Holding to CHF 170 from CHF 189, citing updated assumptions for growth, margins, discount rate and future P/E, while weighing a mix of recent positive and cautious Street views on the stock. Analyst Commentary Recent Street views on Sonova are mixed, with some highlighting long term opportunities tied to its market position and technology, while others are flagging valuation and execution risks at current levels.
Narrative Update Jan 23

SOON: Market Leadership And Technology Edge Will Drive Medium Term Upside

Our Analyst Price Target for Sonova Holding is now CHF 250. This reflects slightly updated assumptions on discount rate, revenue growth and profit margin, with analysts pointing to the company’s market leadership and technological differentiation as key drivers.
Narrative Update Jan 09

SOON: Market Leadership And AI Chip Could Drive Stronger Medium Term Upside

Analysts have trimmed their price target on Sonova Holding as updated assumptions for fair value move from CHF 337.70 to CHF 292.06. This reflects a mix of more cautious margin and P/E expectations, alongside ongoing debate around market leadership, competition and end market strength highlighted in recent research.
Narrative Update Dec 14

SOON: Market Leadership And Technology Will Drive Shares Higher Over The Medium Term

The analyst price target for Sonova Holding has been trimmed by approximately CHF 7 to reflect slightly lower fair value and growth assumptions, as analysts balance expectations of market share gains from strong technology against ongoing concerns about softer end markets and rising competition. Analyst Commentary Analyst opinion on Sonova Holding remains divided, with recent research reflecting both confidence in the companys strategic positioning and caution around the operating backdrop.
Narrative Update Nov 29

SOON: Market Leadership And Technology Will Drive Shares Higher Despite Competition

Analysts have revised Sonova Holding's fair value estimate downward from CHF 241.78 to CHF 233.26. They cite mixed outlooks, including cautious sentiment about market headwinds, even though there are expectations for ongoing organic growth and profitability improvements.
Analysis Article Nov 17

Investors Interested In Sonova Holding AG's (VTX:SOON) Earnings

Sonova Holding AG's ( VTX:SOON ) price-to-earnings (or "P/E") ratio of 23.2x might make it look like a sell right now...
Narrative Update Nov 15

SOON: Shares Will Reflect Increased Confidence Amid Competitive Market Pressures

Analysts have modestly reduced their fair value estimate for Sonova Holding from CHF 242.47 to CHF 241.78. This change reflects recent price target adjustments and ongoing concerns over market competition and growth prospects.
Narrative Update Nov 01

SOON: Market Resilience Will Be Tested By Rising Competition And End Market Weakness

Analysts have lowered their average price target for Sonova Holding from CHF 246.65 to CHF 242.47. This reflects a more cautious outlook amid concerns over softer end markets and increased competition.
Narrative Update Oct 18

Launch Of Infinio And Sphere Hearing Aids Will Drive Future Performance

Analysts have slightly lowered their fair value estimate for Sonova Holding to CHF 246.65 from CHF 256.35. They cite modestly reduced revenue growth projections and a minor uptick in the discount rate, while also noting small improvements in profit margin expectations.
Analysis Article Oct 04

Sonova Holding (VTX:SOON) Has Some Way To Go To Become A Multi-Bagger

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Narrative Update Oct 03

Launch Of Infinio And Sphere Hearing Aids Will Drive Future Performance

Analysts have modestly revised Sonova Holding's fair value estimate down from CHF 259.88 to CHF 256.35. This change is due to slight adjustments to growth and profitability assumptions, even though recent price target increases reflect improved sentiment.
Analysis Article Aug 20

Should You Investigate Sonova Holding AG (VTX:SOON) At CHF231?

SWX:SOON 1 Year Share Price vs Fair Value Explore Sonova Holding's Fair Values from the Community and select yours...
Analysis Article Jul 24

Are Investors Undervaluing Sonova Holding AG (VTX:SOON) By 46%?

Key Insights Sonova Holding's estimated fair value is CHF429 based on 2 Stage Free Cash Flow to Equity Sonova Holding...
Analysis Article Jul 09

Sonova Holding AG (VTX:SOON) Not Lagging Market On Growth Or Pricing

With a price-to-earnings (or "P/E") ratio of 25.6x Sonova Holding AG ( VTX:SOON ) may be sending bearish signals at the...
Analysis Article Jun 25

Sonova Holding (VTX:SOON) Could Easily Take On More Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jun 12

Sonova Holding (VTX:SOON) Has Announced That It Will Be Increasing Its Dividend To CHF4.40

Sonova Holding AG ( VTX:SOON ) will increase its dividend from last year's comparable payment on the 17th of June to...
User avatar
New Narrative Nov 24

Innovative Hearing Solutions Propel Company Toward Stronger Revenues Amid Market Challenges

Successful product launches and innovative features in hearing aids and cochlear implants boost future sales potential and revenue growth.

Shareholder Returns

SOONCH Medical EquipmentCH Market
7D-0.3%2.8%-0.06%
1Y-21.5%-20.5%6.2%

Return vs Industry: SOON matched the Swiss Medical Equipment industry which returned -20.5% over the past year.

Return vs Market: SOON underperformed the Swiss Market which returned 6.2% over the past year.

Price Volatility

Is SOON's price volatile compared to industry and market?
SOON volatility
SOON Average Weekly Movement4.8%
Medical Equipment Industry Average Movement4.4%
Market Average Movement4.5%
10% most volatile stocks in CH Market7.9%
10% least volatile stocks in CH Market2.4%

Stable Share Price: SOON has not had significant price volatility in the past 3 months compared to the Swiss market.

Volatility Over Time: SOON's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194718,580Eric Bernardwww.sonova.com

Sonova Holding AG manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Hearing Instruments, Cochlear Implants, and Lifestyle-Aligned segments. The Hearing Instruments segment engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.

Sonova Holding AG Fundamentals Summary

How do Sonova Holding's earnings and revenue compare to its market cap?
SOON fundamental statistics
Market capCHF 12.20b
Earnings (TTM)CHF 537.10m
Revenue (TTM)CHF 3.61b
22.5x
P/E Ratio
3.3x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SOON income statement (TTM)
RevenueCHF 3.61b
Cost of RevenueCHF 947.60m
Gross ProfitCHF 2.66b
Other ExpensesCHF 2.12b
EarningsCHF 537.10m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Nov 12, 2026

Earnings per share (EPS)9.04
Gross Margin73.72%
Net Profit Margin14.90%
Debt/Equity Ratio55.8%

How did SOON perform over the long term?

See historical performance and comparison

Dividends

2.3%
Current Dividend Yield
52%
Payout Ratio

Does SOON pay a reliable dividends?

See SOON dividend history and benchmarks
When do you need to buy SOON by to receive an upcoming dividend?
Sonova Holding dividend dates
Ex Dividend DateJun 19 2026
Dividend Pay DateJun 23 2026
Days until Ex dividend8 days
Days until Dividend pay date12 days

Does SOON pay a reliable dividends?

See SOON dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 17:55
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sonova Holding AG is covered by 35 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander KlebanBarclays
Hassan Al-WakeelBarclays
Thomas JonesBerenberg