Sonova Holding AG

SWX:SOONE Stock Report

Market Cap: CHF 18.6b

Sonova Holding Valuation

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

Below Fair Value: SOONE (CHF228.6) is trading below our estimate of fair value (CHF341.67)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SOONE. This is calculated by dividing SOONE's market cap by their current earnings.
What is SOONE's PE Ratio?
PE Ratio32.9x
EarningsCHF 564.70m
Market CapCHF 18.60b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SOONE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average70.6x
STMN Straumann Holding
61.8x20.9%CHF 17.8b
MOVE Medacta Group
42.2x18.4%CHF 2.2b
MED Medartis Holding
171.3x53.9%CHF 690.7m
METN Metall Zug
7.3x-29.6%CHF 499.5m
SOONE Sonova Holding
32.9x11.2%CHF 18.6b

Price-To-Earnings vs Peers: SOONE is good value based on its Price-To-Earnings Ratio (32.9x) compared to the peer average (70.6x).

Price to Earnings Ratio vs Industry

How does SOONE's PE Ratio compare vs other companies in the European Medical Equipment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SOONE 32.9xIndustry Avg. 29.5xNo. of Companies7PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SOONE is expensive based on its Price-To-Earnings Ratio (32.9x) compared to the European Medical Equipment industry average (29.5x).

Price to Earnings Ratio vs Fair Ratio

What is SOONE'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.

SOONE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.9x
Fair PE Ratio29.4x

Price-To-Earnings vs Fair Ratio: SOONE is expensive based on its Price-To-Earnings Ratio (32.9x) compared to the estimated Fair Price-To-Earnings Ratio (29.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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