Montana Aerospace AG

SWX:AERO Stock Report

Market Cap: CHF 962.3m

Montana Aerospace Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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.

Below Fair Value: AERO (CHF15.52) is trading below our estimate of fair value (CHF51.59)

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 unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AERO. This is calculated by dividing AERO's market cap by their current revenue.
What is AERO's PS Ratio?
PS Ratio0.6x
Sales€1.61b
Market Cap€1.03b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for AERO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
BRKN Burkhalter Holding
0.8x2.4%CHF 965.9m
KOMN Komax Holding
0.9x5.1%CHF 574.2m
FORN Forbo Holding
1x3.6%CHF 1.1b
OERL OC Oerlikon
0.5x3.7%CHF 1.2b
AERO Montana Aerospace
0.6x5.7%CHF 962.3m

Price-To-Sales vs Peers: AERO is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

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

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
AERO 0.6xIndustry Avg. 1.6xNo. of Companies11PS01.22.43.64.86+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: AERO is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Aerospace & Defense industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

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

AERO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: AERO is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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 15.52
CHF 22.32
+43.8%
16.3%CHF 27.90CHF 17.94n/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 15.22n/a5
Mar ’25CHF 15.48
CHF 22.33
+44.3%
26.9%CHF 32.07CHF 15.22n/a5
Feb ’25CHF 16.46
CHF 22.42
+36.2%
27.1%CHF 31.99CHF 15.18n/a5
Jan ’25CHF 17.66
CHF 22.59
+27.9%
28.8%CHF 33.02CHF 14.96n/a5
Dec ’24CHF 15.70
CHF 22.05
+40.5%
27.2%CHF 33.01CHF 15.32n/a5
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
Mar ’24CHF 17.46
CHF 26.38
+51.1%
18.7%CHF 31.97CHF 19.98CHF 15.483
Feb ’24CHF 16.94
CHF 26.25
+55.0%
23.8%CHF 32.51CHF 20.00CHF 16.462
Jan ’24CHF 14.34
CHF 28.77
+100.6%
24.4%CHF 35.22CHF 19.03CHF 17.663
Dec ’23CHF 13.38
CHF 28.77
+115.0%
24.4%CHF 35.22CHF 19.03CHF 15.703
Nov ’23CHF 11.56
CHF 30.45
+163.4%
26.7%CHF 37.09CHF 19.02CHF 11.503

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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