CALIDA Holding AG

SWX:CALN Stock Report

Market Cap: CHF 81.9m

CALIDA Holding Valuation

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

Below Fair Value: CALN (CHF11.74) is trading below our estimate of fair value (CHF41.23)

Significantly Below Fair Value: CALN is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As CALN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CALN. This is calculated by dividing CALN's market cap by their current revenue.
What is CALN's PS Ratio?
PS Ratio0.4x
SalesCHF 222.21m
Market CapCHF 81.87m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CALN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
UHR Swatch Group
1.4x4.12%CHF 8.8b
VZUG V-ZUG Holding
0.4x0.042%CHF 257.1m
1425 Justin Allen Holdings
0.7xn/aHK$775.0m
MUL Mulberry Group
0.6xn/aUK£70.2m
CALN CALIDA Holding
0.4x1.21%CHF 81.9m

Price-To-Sales vs Peers: CALN is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does CALN's PS Ratio compare vs other companies in the European Luxury Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
CALN 0.4xIndustry Avg. 0.8xNo. of Companies20PS00.61.21.82.43+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CALN is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Luxury industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is CALN'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.

CALN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: CALN is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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 CALN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 11.74
CHF 17.50
+49.06%
20.00%CHF 21.00CHF 14.00n/a2
Dec ’26CHF 12.28
CHF 17.50
+42.51%
20.00%CHF 21.00CHF 14.00n/a2
Nov ’26CHF 13.60
CHF 17.50
+28.68%
20.00%CHF 21.00CHF 14.00n/a2
Oct ’26CHF 12.50
CHF 17.50
+40.00%
20.00%CHF 21.00CHF 14.00n/a2
Sep ’26CHF 14.40
CHF 17.50
+21.53%
20.00%CHF 21.00CHF 14.00n/a2
Aug ’26CHF 14.36
CHF 20.79
+44.81%
0.99%CHF 21.00CHF 20.59n/a2
Jul ’26CHF 15.36
CHF 20.79
+35.38%
0.99%CHF 21.00CHF 20.59n/a2
Jun ’26CHF 17.04
CHF 20.79
+22.03%
0.99%CHF 21.00CHF 20.59n/a2
May ’26CHF 15.86
CHF 20.79
+31.11%
0.99%CHF 21.00CHF 20.59n/a2
Apr ’26CHF 17.65
CHF 26.96
+52.78%
23.64%CHF 33.33CHF 20.59n/a2
Mar ’26CHF 21.76
CHF 28.92
+32.88%
15.25%CHF 33.33CHF 24.51n/a2
Feb ’26CHF 22.06
CHF 29.90
+35.56%
11.48%CHF 33.33CHF 26.47n/a2
Jan ’26CHF 23.77
CHF 29.90
+25.77%
11.48%CHF 33.33CHF 26.47n/a2
Dec ’25CHF 24.12
CHF 29.90
+23.98%
11.48%CHF 33.33CHF 26.47CHF 12.282
Nov ’25CHF 25.44
CHF 29.90
+17.53%
11.48%CHF 33.33CHF 26.47CHF 13.602
Oct ’25CHF 28.63
CHF 29.90
+4.45%
11.48%CHF 33.33CHF 26.47CHF 12.502
Sep ’25CHF 27.45
CHF 30.39
+10.71%
12.90%CHF 34.31CHF 26.47CHF 14.402
Aug ’25CHF 28.68
CHF 30.39
+5.98%
12.90%CHF 34.31CHF 26.47CHF 14.362
Jul ’25CHF 30.20
CHF 30.88
+2.27%
11.11%CHF 34.31CHF 27.45CHF 15.362
Jun ’25CHF 30.78
CHF 30.88
+0.32%
11.11%CHF 34.31CHF 27.45CHF 17.042
May ’25CHF 28.38
CHF 30.88
+8.81%
11.11%CHF 34.31CHF 27.45CHF 15.862
Apr ’25CHF 28.63
CHF 30.88
+7.88%
11.11%CHF 34.31CHF 27.45CHF 17.652
Mar ’25CHF 27.45
CHF 31.86
+16.07%
13.85%CHF 36.27CHF 27.45CHF 21.762
Feb ’25CHF 26.67
CHF 34.31
+28.68%
20.00%CHF 41.18CHF 27.45CHF 22.062
Jan ’25CHF 28.82
CHF 37.25
+29.25%
10.53%CHF 41.18CHF 33.33CHF 23.772
Dec ’24CHF 27.89
CHF 44.12
+58.17%
6.67%CHF 47.06CHF 41.18CHF 24.122
CHF 17.5
Fair Value
32.9% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/16 09:46
End of Day Share Price 2025/12/16 00:00
Earnings2025/06/30
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

CALIDA Holding AG is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin WuermliBerenberg
Doron LandeResearch Partners AG
Jasmine VogtResearch Partners AG