Montana Aerospace AG

SWX:AERO Stock Report

Market Cap: CHF 891.6m

Montana Aerospace Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
CHF 44.83
Fair Value
68.5% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: AERO (CHF14.12) is trading below our estimate of fair value (CHF44.83)

Significantly Below Fair Value: AERO is trading below fair 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 Ratio35.6x
Earnings€26.47m
Market Cap€960.03m

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 Average15.3x
KARN Kardex Holding
20.1x4.3%CHF 1.6b
IMPN Implenia
8.7x4.2%CHF 809.0m
BRKN Burkhalter Holding
21.2x5.6%CHF 1.2b
FORN Forbo Holding
11x8.7%CHF 1.0b
AERO Montana Aerospace
35.6x42.8%CHF 891.6m

Price-To-Earnings vs Peers: AERO is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the peer average (15.3x).

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 35.6xIndustry Avg. 26.4xNo. of Companies7PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AERO is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the European Aerospace & Defense industry average (26.4x).

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 Ratio35.6x
Fair PE Ratio41.9x

Price-To-Earnings vs Fair Ratio: AERO is good value based on its Price-To-Earnings Ratio (35.6x) compared to the estimated Fair Price-To-Earnings Ratio (41.9x).

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 14.12
CHF 22.11
+56.6%
14.0%CHF 27.02CHF 17.60n/a5
Apr ’26CHF 17.02
CHF 22.82
+34.1%
13.8%CHF 27.97CHF 18.31n/a5
Mar ’26CHF 17.50
CHF 21.68
+23.9%
16.2%CHF 27.94CHF 17.98n/a5
Feb ’26CHF 16.26
CHF 21.68
+33.4%
16.2%CHF 27.94CHF 17.98n/a5
Jan ’26CHF 14.32
CHF 21.53
+50.3%
16.3%CHF 27.85CHF 17.90n/a5
Dec ’25CHF 15.36
CHF 21.53
+40.1%
16.3%CHF 27.85CHF 17.90n/a5
Nov ’25CHF 15.02
CHF 23.35
+55.5%
20.3%CHF 31.78CHF 18.46n/a5
Oct ’25CHF 20.10
CHF 24.28
+20.8%
20.8%CHF 31.80CHF 18.19n/a5
Sep ’25CHF 19.30
CHF 24.37
+26.3%
20.8%CHF 32.01CHF 18.31n/a5
Aug ’25CHF 18.70
CHF 24.15
+29.2%
20.4%CHF 32.03CHF 17.79n/a5
Jul ’25CHF 19.14
CHF 23.66
+23.6%
20.7%CHF 31.54CHF 17.36n/a5
Jun ’25CHF 19.60
CHF 23.22
+18.5%
22.1%CHF 32.04CHF 17.83n/a5
May ’25CHF 17.76
CHF 21.92
+23.4%
23.5%CHF 32.05CHF 17.79n/a5
Apr ’25CHF 16.90
CHF 22.33
+32.1%
26.9%CHF 32.07CHF 15.22CHF 17.025
Mar ’25CHF 15.48
CHF 22.33
+44.3%
26.9%CHF 32.07CHF 15.22CHF 17.505
Feb ’25CHF 16.46
CHF 22.42
+36.2%
27.1%CHF 31.99CHF 15.18CHF 16.265
Jan ’25CHF 17.66
CHF 22.59
+27.9%
28.8%CHF 33.02CHF 14.96CHF 14.325
Dec ’24CHF 15.70
CHF 22.05
+40.5%
27.2%CHF 33.01CHF 15.32CHF 15.365
Nov ’24CHF 11.50
CHF 21.85
+90.0%
27.5%CHF 31.64CHF 15.32CHF 15.024
Oct ’24CHF 11.26
CHF 22.25
+97.6%
28.0%CHF 32.34CHF 15.30CHF 20.104
Sep ’24CHF 13.60
CHF 24.76
+82.1%
19.2%CHF 31.88CHF 19.92CHF 19.304
Aug ’24CHF 13.70
CHF 24.97
+82.3%
18.7%CHF 31.74CHF 19.49CHF 18.704
Jul ’24CHF 14.44
CHF 24.97
+72.9%
18.7%CHF 31.74CHF 19.49CHF 19.144
Jun ’24CHF 14.06
CHF 26.16
+86.0%
19.3%CHF 31.97CHF 19.63CHF 19.603
May ’24CHF 16.16
CHF 26.40
+63.4%
18.7%CHF 31.93CHF 19.96CHF 17.763
Apr ’24CHF 14.94
CHF 26.48
+77.2%
18.8%CHF 32.12CHF 20.01CHF 16.903
AnalystConsensusTarget
Consensus Narrative from 5 Analysts
CHF 22.11
Fair Value
36.1% undervalued intrinsic discount
5
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/17 18:41
End of Day Share Price 2025/04/17 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Montana Aerospace AG is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew GollanBerenberg
Philip BullerBerenberg
Ross LawBerenberg