Comet Holding Valuation

Q: What is the Fair Price of COTN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

COTN (CHF281) is trading below our estimate of [[fair value]] (CHF525.11)

Is COTN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of COTN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: COTN (CHF281) is trading below our estimate of fair value (CHF525.11)

Significantly Below Fair Value: COTN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for COTN?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for COTN. This is calculated by dividing COTN's market cap by their current preferred multiple.
What is COTN's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CHF 2.18b

COTN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	5.8x
Enterprise Value/EBITDA	59.9x
PEG Ratio	2.6x

Price to Earnings Ratio vs Peers

How does COTN's PE Ratio compare to its peers?

The above table shows the PE ratio for COTN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	26.5x
LAND Landis+Gyr Group	22.6x	16.2%	CHF 2.1b
IFCN INFICON Holding	28.5x	10.3%	CHF 2.7b
LEHN LEM Holding	28.5x	20.5%	CHF 1.4b
ELMN Elma Electronic	26.5x	n/a	CHF 237.6m
COTN Comet Holding	124.7x	47.8%	CHF 2.2b

Price-To-Earnings vs Peers: COTN is expensive based on its Price-To-Earnings Ratio (124.7x) compared to the peer average (26.5x).

Price to Earnings Ratio vs Industry

How does COTN's PE Ratio compare vs other companies in the European Electronic Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	34.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	34.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: COTN is expensive based on its Price-To-Earnings Ratio (124.7x) compared to the European Electronic industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is COTN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

COTN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	124.7x
Fair PE Ratio	49.2x

Price-To-Earnings vs Fair Ratio: COTN is expensive based on its Price-To-Earnings Ratio (124.7x) compared to the estimated Fair Price-To-Earnings Ratio (49.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst COTN forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 281.00	CHF 380.50 +35.4%	13.5%	CHF 448.00	CHF 300.00	n/a	6
Oct ’25	CHF 322.00	CHF 380.50 +18.2%	13.5%	CHF 448.00	CHF 300.00	n/a	6
Sep ’25	CHF 346.50	CHF 391.33 +12.9%	14.5%	CHF 450.00	CHF 300.00	n/a	6
Aug ’25	CHF 352.50	CHF 388.00 +10.1%	14.0%	CHF 450.00	CHF 300.00	n/a	6
Jul ’25	CHF 358.50	CHF 381.50 +6.4%	12.8%	CHF 450.00	CHF 300.00	n/a	6
Jun ’25	CHF 333.50	CHF 367.80 +10.3%	11.3%	CHF 409.00	CHF 300.00	n/a	5
May ’25	CHF 293.00	CHF 328.20 +12.0%	17.8%	CHF 409.00	CHF 235.00	n/a	5
Apr ’25	CHF 314.20	CHF 329.40 +4.8%	17.9%	CHF 409.00	CHF 235.00	n/a	5
Mar ’25	CHF 315.00	CHF 312.20 -0.9%	16.6%	CHF 378.00	CHF 235.00	n/a	5
Feb ’25	CHF 293.40	CHF 272.40 -7.2%	15.5%	CHF 320.00	CHF 215.00	n/a	5
Jan ’25	CHF 265.20	CHF 268.40 +1.2%	14.3%	CHF 317.00	CHF 215.00	n/a	5
Dec ’24	CHF 237.40	CHF 235.80 -0.7%	14.0%	CHF 275.00	CHF 186.00	n/a	5
Nov ’24	CHF 177.50	CHF 205.20 +15.6%	15.6%	CHF 250.00	CHF 165.00	n/a	5
Oct ’24	CHF 204.40	CHF 246.60 +20.6%	15.2%	CHF 295.00	CHF 202.00	CHF 322.00	5
Sep ’24	CHF 227.20	CHF 251.33 +10.6%	14.3%	CHF 295.00	CHF 202.00	CHF 346.50	6
Aug ’24	CHF 229.00	CHF 251.33 +9.8%	14.3%	CHF 295.00	CHF 202.00	CHF 352.50	6
Jul ’24	CHF 228.40	CHF 262.33 +14.9%	12.1%	CHF 305.00	CHF 208.00	CHF 358.50	6
Jun ’24	CHF 241.60	CHF 281.33 +16.4%	15.0%	CHF 349.00	CHF 208.00	CHF 333.50	6
May ’24	CHF 215.00	CHF 259.83 +20.9%	13.9%	CHF 305.00	CHF 193.00	CHF 293.00	6
Apr ’24	CHF 253.00	CHF 266.33 +5.3%	17.7%	CHF 330.00	CHF 199.00	CHF 314.20	6
Mar ’24	CHF 208.50	CHF 262.60 +25.9%	12.1%	CHF 300.00	CHF 210.00	CHF 315.00	5
Feb ’24	CHF 212.50	CHF 257.80 +21.3%	13.9%	CHF 300.00	CHF 199.00	CHF 293.40	5
Jan ’24	CHF 195.80	CHF 242.80 +24.0%	14.3%	CHF 300.00	CHF 199.00	CHF 265.20	5
Dec ’23	CHF 198.60	CHF 242.80 +22.3%	14.3%	CHF 300.00	CHF 199.00	CHF 237.40	5
Nov ’23	CHF 159.20	CHF 232.20 +45.9%	11.7%	CHF 280.00	CHF 200.00	CHF 177.50	5
Oct ’23	CHF 144.80	CHF 247.20 +70.7%	10.0%	CHF 290.00	CHF 215.00	CHF 204.40	5

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.