CALIDA Holding AG

SWX:CALN Stock Report

Market Cap: CHF 178.4m

CALIDA Holding Valuation

Is CALN 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-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 (CHF23.65) is trading below our estimate of fair value (CHF57.04)

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 Ratio0.6x
SalesCHF 292.77m
Market CapCHF 178.41m

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 Average0.9x
UHR Swatch Group
1.1x2.8%CHF 8.3b
VZUG V-ZUG Holding
0.6x3.8%CHF 320.1m
543953 Khazanchi Jewellers
1.3xn/a₹15.6b
3548 Baroque Japan
0.5xn/aJP¥28.3b
CALN CALIDA Holding
0.6x-0.009%CHF 178.4m

Price-To-Sales vs Peers: CALN is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

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

13 CompaniesPrice / SalesEstimated GrowthMarket Cap
CALN 0.6xIndustry Avg. 0.7xNo. of Companies18PS00.61.21.82.43+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CALN is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Luxury industry average (0.7x).

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 Ratio0.6x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: CALN is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 23.65
CHF 30.50
+29.0%
11.5%CHF 34.00CHF 27.00n/a2
Dec ’25CHF 24.60
CHF 30.50
+24.0%
11.5%CHF 34.00CHF 27.00n/a2
Nov ’25CHF 25.95
CHF 30.50
+17.5%
11.5%CHF 34.00CHF 27.00n/a2
Oct ’25CHF 29.20
CHF 30.50
+4.5%
11.5%CHF 34.00CHF 27.00n/a2
Sep ’25CHF 28.00
CHF 31.00
+10.7%
12.9%CHF 35.00CHF 27.00n/a2
Aug ’25CHF 29.25
CHF 31.00
+6.0%
12.9%CHF 35.00CHF 27.00n/a2
Jul ’25CHF 30.80
CHF 31.50
+2.3%
11.1%CHF 35.00CHF 28.00n/a2
Jun ’25CHF 31.40
CHF 31.50
+0.3%
11.1%CHF 35.00CHF 28.00n/a2
May ’25CHF 28.95
CHF 31.50
+8.8%
11.1%CHF 35.00CHF 28.00n/a2
Apr ’25CHF 29.20
CHF 31.50
+7.9%
11.1%CHF 35.00CHF 28.00n/a2
Mar ’25CHF 28.00
CHF 32.50
+16.1%
13.8%CHF 37.00CHF 28.00n/a2
Feb ’25CHF 27.20
CHF 35.00
+28.7%
20.0%CHF 42.00CHF 28.00n/a2
Jan ’25CHF 29.40
CHF 38.00
+29.3%
10.5%CHF 42.00CHF 34.00n/a2
Dec ’24CHF 28.45
CHF 45.00
+58.2%
6.7%CHF 48.00CHF 42.00CHF 24.602
Nov ’24CHF 25.25
CHF 45.00
+78.2%
6.7%CHF 48.00CHF 42.00CHF 25.952
Oct ’24CHF 30.25
CHF 45.00
+48.8%
6.7%CHF 48.00CHF 42.00CHF 29.202
Sep ’24CHF 31.55
CHF 45.00
+42.6%
6.7%CHF 48.00CHF 42.00CHF 28.002
Aug ’24CHF 36.00
CHF 46.00
+27.8%
4.3%CHF 48.00CHF 44.00CHF 29.252
Jul ’24CHF 34.10
CHF 47.00
+37.8%
6.4%CHF 50.00CHF 44.00CHF 30.802
Jun ’24CHF 40.00
CHF 57.50
+43.8%
4.3%CHF 60.00CHF 55.00CHF 31.402
May ’24CHF 41.45
CHF 57.50
+38.7%
4.3%CHF 60.00CHF 55.00CHF 28.952
Apr ’24CHF 42.00
CHF 57.50
+36.9%
4.3%CHF 60.00CHF 55.00CHF 29.202
Mar ’24CHF 44.80
CHF 56.00
+25.0%
7.1%CHF 60.00CHF 52.00CHF 28.002
Feb ’24CHF 45.40
CHF 58.50
+28.9%
2.6%CHF 60.00CHF 57.00CHF 27.202
Jan ’24CHF 47.25
CHF 58.50
+23.8%
2.6%CHF 60.00CHF 57.00CHF 29.402
Dec ’23CHF 47.75
CHF 58.50
+22.5%
2.6%CHF 60.00CHF 57.00CHF 28.452

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 Analysis2024/12/23 03:25
End of Day Share Price 2024/12/23 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

CALIDA Holding AG is covered by 7 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
Jean-Philippe BertschyBank Vontobel AG
Martin WuermliBerenberg
Michael HeiderHelvea SA