Sika AG

SWX:SIKA Stock Report

Market Cap: CHF 29.3b

Sika Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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 SIKA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SIKA (CHF182.45) is trading below our estimate of future cash flow value (CHF308.17)

Significantly Below Future Cash Flow Value: SIKA is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SIKA. This is calculated by dividing SIKA's market cap by their current earnings.
What is SIKA's PE Ratio?
PE Ratio28.1x
EarningsCHF 1.04b
Market CapCHF 29.27b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SIKA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.7x
GIVN Givaudan
31.4x9.12%CHF 30.0b
EMSN EMS-CHEMIE HOLDING
39.4x6.41%CHF 18.7b
AMRZ Amrize
16.7x12.05%CHF 17.0b
GURN Gurit Holding
15.2x12.94%CHF 256.9m
SIKA Sika
28.1x11.22%CHF 29.3b

Price-To-Earnings vs Peers: SIKA is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the peer average (25.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does SIKA's PE Ratio compare vs other companies in the European Chemicals Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SIKA 28.1xIndustry Avg. 17.6xNo. of Companies12PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SIKA is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the European Chemicals industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is SIKA'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.

SIKA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.1x
Fair PE Ratio30.8x

Price-To-Earnings vs Fair Ratio: SIKA is good value based on its Price-To-Earnings Ratio (28.1x) compared to the estimated Fair Price-To-Earnings Ratio (30.8x).

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 SIKA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 182.45
CHF 200.05
+9.65%
11.21%CHF 233.00CHF 150.00n/a21
Sep ’27CHF 189.55
CHF 198.10
+4.51%
11.07%CHF 233.00CHF 150.00n/a21
Aug ’27CHF 181.85
CHF 196.45
+8.03%
12.67%CHF 250.00CHF 150.00n/a22
Jul ’27CHF 168.75
CHF 186.91
+10.76%
12.92%CHF 250.00CHF 150.00n/a22
Jun ’27CHF 149.00
CHF 179.55
+20.50%
16.26%CHF 250.00CHF 122.00n/a22
May ’27CHF 143.70
CHF 180.00
+25.26%
15.93%CHF 250.00CHF 125.00n/a22
Apr ’27CHF 132.20
CHF 188.59
+42.66%
17.81%CHF 255.00CHF 140.00n/a22
Mar ’27CHF 159.50
CHF 194.24
+21.78%
18.57%CHF 255.00CHF 140.00n/a21
Feb ’27CHF 148.30
CHF 194.81
+31.36%
18.32%CHF 255.00CHF 143.00n/a21
Jan ’27CHF 162.60
CHF 202.00
+24.23%
16.81%CHF 300.00CHF 160.00n/a19
Dec ’26CHF 157.15
CHF 208.89
+32.93%
16.25%CHF 300.00CHF 160.00n/a19
Nov ’26CHF 157.20
CHF 216.32
+37.61%
17.09%CHF 300.00CHF 160.00n/a19
Oct ’26CHF 178.15
CHF 247.28
+38.80%
16.89%CHF 350.00CHF 185.00n/a18
Sep ’26CHF 185.25
CHF 253.00
+36.57%
16.57%CHF 350.00CHF 185.00CHF 189.5519
Aug ’26CHF 192.60
CHF 254.58
+32.18%
16.70%CHF 350.00CHF 185.00CHF 181.8519
Jul ’26CHF 214.10
CHF 261.48
+22.13%
15.99%CHF 350.00CHF 195.00CHF 168.7521
Jun ’26CHF 219.70
CHF 263.81
+20.08%
16.75%CHF 350.00CHF 195.00CHF 149.0021
May ’26CHF 205.80
CHF 262.05
+27.33%
17.59%CHF 350.00CHF 195.00CHF 143.7019
Apr ’26CHF 213.70
CHF 272.89
+27.70%
15.59%CHF 350.00CHF 210.00CHF 132.2019
Mar ’26CHF 228.70
CHF 273.45
+19.57%
15.24%CHF 350.00CHF 209.00CHF 159.5020
Feb ’26CHF 233.30
CHF 274.88
+17.82%
15.54%CHF 350.00CHF 200.00CHF 148.3021
Jan ’26CHF 215.80
CHF 281.40
+30.40%
14.48%CHF 350.00CHF 209.00CHF 162.6021
Dec ’25CHF 228.10
CHF 288.81
+26.62%
11.91%CHF 350.00CHF 220.00CHF 157.1521
Nov ’25CHF 242.90
CHF 291.76
+20.12%
13.01%CHF 370.00CHF 220.00CHF 157.2021
Oct ’25CHF 277.80
CHF 298.48
+7.44%
12.41%CHF 370.00CHF 230.00CHF 178.1521
Sep ’25CHF 272.00
CHF 296.00
+8.82%
12.83%CHF 380.00CHF 230.00CHF 185.2522
CHF 200.05
Fair Value
8.8% undervalued intrinsic discount
21
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 23:38
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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 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

Sika AG is covered by 32 analysts. 20 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
Volker BosseBaader Helvea Equity Research
Pierre Sylvain RousseauBarclays