Montana Aerospace AG

SWX:AERO Stock Report

Market Cap: CHF 1.5b

Montana Aerospace Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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 AERO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: AERO (CHF24) is trading below our estimate of future cash flow value (CHF50.42)

Significantly Below Future Cash Flow Value: AERO is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

Key metric: As AERO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AERO. This is calculated by dividing AERO's market cap by their current earnings.
What is AERO's PE Ratio?
PE Ratio36.9x
Earnings€43.28m
Market Cap€1.60b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AERO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
FORN Forbo Holding
21x16.98%CHF 1.4b
INRN Interroll Holding
23.8x11.40%CHF 1.3b
IMPN Implenia
14.6x14.59%CHF 1.2b
BOSN Bossard Holding
20.7x6.26%CHF 1.8b
AERO Montana Aerospace
36.9x38.20%CHF 1.5b

Price-To-Earnings vs Peers: AERO is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the peer average (20x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does AERO's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AERO 36.9xIndustry Avg. 32.7xNo. of Companies9PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AERO is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the European Aerospace & Defense industry average (33.8x).

Price to Earnings Ratio vs Fair Ratio

What is AERO'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.

AERO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.9x
Fair PE Ratio45.8x

Price-To-Earnings vs Fair Ratio: AERO is good value based on its Price-To-Earnings Ratio (36.9x) compared to the estimated Fair Price-To-Earnings Ratio (45.8x).

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 AERO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 24.00
CHF 34.36
+43.15%
26.47%CHF 53.54CHF 25.47n/a6
Sep ’27CHF 24.20
CHF 34.28
+41.67%
26.46%CHF 53.42CHF 25.41n/a6
Aug ’27CHF 24.20
CHF 32.72
+35.22%
31.47%CHF 53.02CHF 24.90n/a5
Jul ’27CHF 21.70
CHF 32.56
+50.04%
31.86%CHF 53.01CHF 24.71n/a5
Jun ’27CHF 22.10
CHF 32.56
+47.32%
31.86%CHF 53.01CHF 24.71n/a5
May ’27CHF 20.50
CHF 34.46
+68.08%
29.10%CHF 53.42CHF 24.73n/a5
Apr ’27CHF 27.25
CHF 36.80
+35.06%
24.00%CHF 52.48CHF 28.72n/a5
Mar ’27CHF 31.20
CHF 36.93
+18.37%
23.98%CHF 52.78CHF 28.88n/a5
Feb ’27CHF 33.35
CHF 33.62
+0.82%
32.10%CHF 52.91CHF 17.83n/a6
Jan ’27CHF 28.30
CHF 33.78
+19.35%
35.59%CHF 53.08CHF 17.89n/a5
Dec ’26CHF 24.95
CHF 34.75
+39.28%
33.91%CHF 53.06CHF 17.88n/a5
Nov ’26CHF 31.85
CHF 30.56
-4.05%
26.47%CHF 40.05CHF 17.75n/a4
Oct ’26CHF 27.40
CHF 27.35
-0.19%
24.88%CHF 33.50CHF 17.86n/a3
Sep ’26CHF 26.00
CHF 27.56
+6.00%
24.66%CHF 33.59CHF 18.06CHF 24.203
Aug ’26CHF 28.40
CHF 25.76
-9.31%
24.81%CHF 33.49CHF 17.84CHF 24.203
Jul ’26CHF 24.35
CHF 22.09
-9.28%
13.01%CHF 26.01CHF 17.90CHF 21.704
Jun ’26CHF 18.36
CHF 22.09
+20.32%
13.01%CHF 26.01CHF 17.90CHF 22.104
May ’26CHF 16.50
CHF 22.83
+38.37%
14.61%CHF 27.41CHF 18.02CHF 20.504
Apr ’26CHF 17.02
CHF 22.82
+34.05%
13.84%CHF 27.99CHF 18.31CHF 27.255
Mar ’26CHF 17.50
CHF 21.68
+23.86%
16.21%CHF 27.94CHF 17.98CHF 31.205
Feb ’26CHF 16.26
CHF 21.68
+33.30%
16.21%CHF 27.94CHF 17.98CHF 33.355
Jan ’26CHF 14.32
CHF 21.52
+50.26%
16.29%CHF 27.85CHF 17.90CHF 28.305
Dec ’25CHF 15.36
CHF 21.52
+40.08%
16.29%CHF 27.85CHF 17.90CHF 24.955
Nov ’25CHF 15.02
CHF 23.34
+55.37%
20.30%CHF 31.78CHF 18.46CHF 31.855
Oct ’25CHF 20.10
CHF 24.28
+20.78%
20.75%CHF 31.80CHF 18.19CHF 27.405
Sep ’25CHF 19.30
CHF 24.37
+26.26%
20.81%CHF 32.01CHF 18.31CHF 26.005
CHF 34.36
Fair Value
30.1% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 09:46
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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 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

Montana Aerospace AG is covered by 5 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
George McwhirterBerenberg
Carlos Iranzo PerisBofA Global Research
Joshua SullivanJonesTrading Institutional Services, LLC