Sulzer Ltd

SWX:SUN Stock Report

Market Cap: CHF 5.5b

Sulzer Valuation

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

Discounted Cash Flow
Simply Wall St
CHF 190.52
Fair Value
13.8% undervalued intrinsic discount
7
Number of Analysts

Below Fair Value: SUN (CHF164.2) is trading below our estimate of fair value (CHF190.52)

Significantly Below Fair Value: SUN is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SUN. This is calculated by dividing SUN's market cap by their current earnings.
What is SUN's PE Ratio?
PE Ratio21.2x
EarningsCHF 261.90m
Market CapCHF 5.54b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SUN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.8x
GF Georg Fischer
32.5x19.6%CHF 5.8b
SFSN SFS Group
19.1x8.2%CHF 4.6b
VACN VAT Group
47.8x19.9%CHF 10.1b
DAE Dätwyler Holding
68x35.0%CHF 2.1b
SUN Sulzer
21.2x11.7%CHF 5.5b

Price-To-Earnings vs Peers: SUN is good value based on its Price-To-Earnings Ratio (21.2x) compared to the peer average (41.8x).

Price to Earnings Ratio vs Industry

How does SUN's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SUN 21.2xIndustry Avg. 19.1xNo. of Companies28PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SUN is expensive based on its Price-To-Earnings Ratio (21.2x) compared to the European Machinery industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is SUN'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.

SUN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.2x
Fair PE Ratio24.4x

Price-To-Earnings vs Fair Ratio: SUN is good value based on its Price-To-Earnings Ratio (21.2x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).

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 SUN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 164.20
CHF 161.86
-1.4%
22.4%CHF 200.00CHF 89.00n/a7
Mar ’26CHF 156.00
CHF 157.57
+1.0%
21.0%CHF 189.00CHF 89.00n/a7
Feb ’26CHF 148.80
CHF 151.43
+1.8%
19.8%CHF 185.00CHF 89.00n/a7
Jan ’26CHF 131.00
CHF 151.43
+15.6%
19.8%CHF 185.00CHF 89.00n/a7
Dec ’25CHF 132.80
CHF 154.14
+16.1%
20.1%CHF 185.00CHF 89.00n/a7
Nov ’25CHF 133.80
CHF 154.14
+15.2%
20.1%CHF 185.00CHF 89.00n/a7
Oct ’25CHF 137.20
CHF 149.80
+9.2%
23.8%CHF 185.00CHF 89.00n/a5
Sep ’25CHF 130.80
CHF 149.80
+14.5%
23.8%CHF 185.00CHF 89.00n/a5
Aug ’25CHF 130.80
CHF 149.80
+14.5%
23.8%CHF 185.00CHF 89.00n/a5
Jul ’25CHF 125.60
CHF 124.40
-1.0%
18.0%CHF 150.00CHF 89.00n/a5
Jun ’25CHF 122.80
CHF 123.80
+0.8%
17.7%CHF 150.00CHF 89.00n/a5
May ’25CHF 111.60
CHF 123.80
+10.9%
17.7%CHF 150.00CHF 89.00n/a5
Apr ’25CHF 109.70
CHF 111.60
+1.7%
21.2%CHF 140.00CHF 79.00n/a5
Mar ’25CHF 104.40
CHF 111.60
+6.9%
21.2%CHF 140.00CHF 79.00CHF 156.005
Feb ’25CHF 85.95
CHF 104.00
+21.0%
17.6%CHF 125.00CHF 79.00CHF 148.805
Jan ’25CHF 85.90
CHF 104.00
+21.1%
17.6%CHF 125.00CHF 79.00CHF 131.005
Dec ’24CHF 86.00
CHF 104.00
+20.9%
17.6%CHF 125.00CHF 79.00CHF 132.805
Nov ’24CHF 74.90
CHF 104.00
+38.9%
17.6%CHF 125.00CHF 79.00CHF 133.805
Oct ’24CHF 87.65
CHF 104.00
+18.7%
17.6%CHF 125.00CHF 79.00CHF 137.205
Sep ’24CHF 89.00
CHF 105.00
+18.0%
16.1%CHF 125.00CHF 79.00CHF 130.806
Aug ’24CHF 85.50
CHF 102.67
+20.1%
16.2%CHF 125.00CHF 79.00CHF 130.806
Jul ’24CHF 76.90
CHF 100.33
+30.5%
17.3%CHF 120.00CHF 76.00CHF 125.606
Jun ’24CHF 71.95
CHF 100.33
+39.4%
17.3%CHF 120.00CHF 76.00CHF 122.806
May ’24CHF 74.50
CHF 100.33
+34.7%
17.3%CHF 120.00CHF 76.00CHF 111.606
Apr ’24CHF 77.45
CHF 99.50
+28.5%
17.6%CHF 120.00CHF 76.00CHF 109.706
Mar ’24CHF 82.85
CHF 95.17
+14.9%
17.3%CHF 120.00CHF 70.00CHF 104.406
Analyst Price Target
Consensus Narrative from 7 Analysts
CHF 161.86
Fair Value
1.4% overvalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/16 01:32
End of Day Share Price 2025/03/14 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

Sulzer Ltd is covered by 22 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zana MamelliBaader Helvea Equity Research
Allan SmylieBarclays
Martin WuermliBerenberg