Emmi AG

SWX:EMMN Stock Report

Market Cap: CHF 4.7b

Emmi Valuation

Is EMMN 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 Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

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

Below Future Cash Flow Value: EMMN (CHF871) is trading below our estimate of future cash flow value (CHF1741.75)

Significantly Below Future Cash Flow Value: EMMN 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 EMMN?

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

The above table shows the Price to Earnings ratio for EMMN. This is calculated by dividing EMMN's market cap by their current earnings.
What is EMMN's PE Ratio?
PE Ratio20.5x
EarningsCHF 227.06m
Market CapCHF 4.66b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EMMN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.6x
BARN Barry Callebaut
26.1x20.81%CHF 6.3b
ARYN ARYZTA
15x8.70%CHF 1.4b
BELL Bell Food Group
15.6x20.39%CHF 1.1b
LISN Chocoladefabriken Lindt & Sprüngli
29.9x6.89%CHF 21.5b
EMMN Emmi
20.5x6.77%CHF 4.7b

Price-To-Earnings vs Peers: EMMN is good value based on its Price-To-Earnings Ratio (20.5x) compared to the peer average (21.6x).

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 EMMN's PE Ratio compare vs other companies in the European Food Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EMMN 20.5xIndustry Avg. 16.1xNo. of Companies18PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EMMN is expensive based on its Price-To-Earnings Ratio (20.5x) compared to the European Food industry average (15.9x).

Price to Earnings Ratio vs Fair Ratio

What is EMMN'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.

EMMN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.5x
Fair PE Ratio16.8x

Price-To-Earnings vs Fair Ratio: EMMN is expensive based on its Price-To-Earnings Ratio (20.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.8x).

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 EMMN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 871.00
CHF 940.83
+8.02%
6.67%CHF 1,025.00CHF 830.00n/a6
May ’27CHF 817.00
CHF 940.83
+15.16%
6.67%CHF 1,025.00CHF 830.00n/a6
Apr ’27CHF 826.00
CHF 940.83
+13.90%
6.67%CHF 1,025.00CHF 830.00n/a6
Mar ’27CHF 810.00
CHF 942.53
+16.36%
13.56%CHF 1,097.20CHF 700.00n/a6
Feb ’27CHF 782.00
CHF 934.00
+19.44%
14.20%CHF 1,116.00CHF 700.00n/a6
Jan ’27CHF 735.00
CHF 938.40
+27.67%
15.04%CHF 1,097.00CHF 700.00n/a5
Dec ’26CHF 732.00
CHF 941.40
+28.61%
14.46%CHF 1,097.00CHF 715.00n/a5
Nov ’26CHF 715.00
CHF 941.40
+31.66%
14.46%CHF 1,097.00CHF 715.00n/a5
Oct ’26CHF 695.00
CHF 944.25
+35.86%
16.10%CHF 1,097.00CHF 715.00n/a4
Sep ’26CHF 743.00
CHF 928.40
+24.95%
15.04%CHF 1,097.00CHF 715.00n/a5
Aug ’26CHF 741.00
CHF 911.00
+22.94%
12.97%CHF 1,060.00CHF 715.00n/a5
Jul ’26CHF 803.00
CHF 919.00
+14.45%
12.60%CHF 1,060.00CHF 715.00n/a5
Jun ’26CHF 836.00
CHF 919.00
+9.93%
12.60%CHF 1,060.00CHF 715.00CHF 856.005
May ’26CHF 809.00
CHF 919.00
+13.60%
12.60%CHF 1,060.00CHF 715.00CHF 817.005
Apr ’26CHF 810.00
CHF 918.75
+13.43%
14.38%CHF 1,070.00CHF 715.00CHF 826.004
Mar ’26CHF 822.00
CHF 898.25
+9.28%
14.36%CHF 1,068.00CHF 715.00CHF 810.004
Feb ’26CHF 795.00
CHF 888.75
+11.79%
13.93%CHF 1,060.00CHF 715.00CHF 782.004
Jan ’26CHF 736.00
CHF 941.75
+27.96%
15.96%CHF 1,100.00CHF 715.00CHF 735.004
Dec ’25CHF 771.00
CHF 1,000.25
+29.73%
10.33%CHF 1,100.00CHF 855.00CHF 732.004
Nov ’25CHF 828.00
CHF 1,000.25
+20.80%
10.33%CHF 1,100.00CHF 855.00CHF 715.004
Oct ’25CHF 856.00
CHF 1,000.25
+16.85%
10.33%CHF 1,100.00CHF 855.00CHF 695.004
Sep ’25CHF 883.00
CHF 1,000.25
+13.28%
10.33%CHF 1,100.00CHF 855.00CHF 743.004
Aug ’25CHF 923.00
CHF 998.25
+8.15%
10.17%CHF 1,100.00CHF 855.00CHF 741.004
Jul ’25CHF 891.00
CHF 993.60
+11.52%
9.44%CHF 1,100.00CHF 840.00CHF 803.005
Jun ’25CHF 900.00
CHF 990.80
+10.09%
9.23%CHF 1,100.00CHF 840.00CHF 836.005
CHF 940.83
Fair Value
7.4% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/04 09:31
End of Day Share Price 2026/06/04 00:00
Earnings2025/12/31
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 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

Emmi AG is covered by 11 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
Andreas von ArxBaader Helvea Equity Research
Volker BosseBaader Helvea Equity Research
Patrick LaagerBerenberg