Vetropack Holding Valuation

Q: What is the Fair Price of VETN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

VETN (CHF32.7) is trading below our estimate of [[fair value]] (CHF54.95)

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

Discounted Cash Flow

Simply Wall St

CHF 54.95

Fair Value

40.5% undervalued

Number of Analysts

Below Fair Value: VETN (CHF32.7) is trading below our estimate of fair value (CHF54.95)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VETN. This is calculated by dividing VETN's market cap by their current earnings.
What is VETN's PE Ratio?
PE Ratio	47.3x
Earnings	CHF 13.70m
Market Cap	CHF 648.24m

VETN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	5.9x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VETN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	48.7x
AFP Aluflexpack	56.8x	n/a	CHF 271.6m
CPHN CPH Group	89.8x	39.99%	CHF 417.2m
601968 Shanghai Baosteel Packaging	35.5x	7.44%	CN¥6.2b
CLN Clariant	12.6x	14.46%	CHF 3.1b
VETN Vetropack Holding	47.3x	42.82%	CHF 648.2m

Price-To-Earnings vs Peers: VETN is good value based on its Price-To-Earnings Ratio (47.3x) compared to the peer average (48.7x).

Price to Earnings Ratio vs Industry

How does VETN's PE Ratio compare vs other companies in the European Packaging Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: VETN is expensive based on its Price-To-Earnings Ratio (47.3x) compared to the European Packaging industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is VETN'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.

VETN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	47.3x
Fair PE Ratio	40.5x

Price-To-Earnings vs Fair Ratio: VETN is expensive based on its Price-To-Earnings Ratio (47.3x) compared to the estimated Fair Price-To-Earnings Ratio (40.5x).

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 VETN forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 32.70	CHF 45.00 +37.61%	11.11%	CHF 50.00	CHF 40.00	n/a	2
May ’26	CHF 28.50	CHF 45.00 +57.89%	11.11%	CHF 50.00	CHF 40.00	n/a	2
Apr ’26	CHF 28.30	CHF 45.00 +59.01%	11.11%	CHF 50.00	CHF 40.00	n/a	2
Mar ’26	CHF 27.85	CHF 45.00 +61.58%	11.11%	CHF 50.00	CHF 40.00	n/a	2
Feb ’26	CHF 25.40	CHF 43.00 +69.29%	16.28%	CHF 50.00	CHF 36.00	n/a	2
Jan ’26	CHF 25.50	CHF 43.00 +68.63%	16.28%	CHF 50.00	CHF 36.00	n/a	2
Dec ’25	CHF 26.35	CHF 43.67 +65.72%	13.27%	CHF 50.00	CHF 36.00	n/a	3
Nov ’25	CHF 28.70	CHF 43.67 +52.15%	13.27%	CHF 50.00	CHF 36.00	n/a	3
Oct ’25	CHF 31.50	CHF 43.67 +38.62%	13.27%	CHF 50.00	CHF 36.00	n/a	3
Sep ’25	CHF 31.90	CHF 43.67 +36.89%	13.27%	CHF 50.00	CHF 36.00	n/a	3
Aug ’25	CHF 33.35	CHF 45.33 +35.93%	9.07%	CHF 50.00	CHF 40.00	n/a	3
Jul ’25	CHF 32.80	CHF 45.33 +38.21%	9.07%	CHF 50.00	CHF 40.00	n/a	3
Jun ’25	CHF 31.50	CHF 45.33 +43.92%	9.07%	CHF 50.00	CHF 40.00	n/a	3
May ’25	CHF 31.10	CHF 45.33 +45.77%	9.07%	CHF 50.00	CHF 40.00	CHF 28.50	3
Apr ’25	CHF 32.55	CHF 45.33 +39.27%	9.07%	CHF 50.00	CHF 40.00	CHF 28.30	3
Mar ’25	CHF 36.20	CHF 52.00 +43.65%	9.81%	CHF 60.00	CHF 46.00	CHF 27.85	4
Feb ’25	CHF 36.60	CHF 54.75 +49.59%	7.23%	CHF 60.00	CHF 50.00	CHF 25.40	4
Jan ’25	CHF 39.10	CHF 54.75 +40.03%	7.23%	CHF 60.00	CHF 50.00	CHF 25.50	4
Dec ’24	CHF 36.00	CHF 54.75 +52.08%	7.23%	CHF 60.00	CHF 50.00	CHF 26.35	4
Nov ’24	CHF 36.00	CHF 54.75 +52.08%	7.23%	CHF 60.00	CHF 50.00	CHF 28.70	4
Oct ’24	CHF 40.45	CHF 54.75 +35.35%	7.23%	CHF 60.00	CHF 50.00	CHF 31.50	4
Sep ’24	CHF 47.00	CHF 54.75 +16.49%	7.23%	CHF 60.00	CHF 50.00	CHF 31.90	4
Aug ’24	CHF 43.85	CHF 54.75 +24.86%	7.23%	CHF 60.00	CHF 50.00	CHF 33.35	4
Jul ’24	CHF 41.50	CHF 54.75 +31.93%	7.23%	CHF 60.00	CHF 50.00	CHF 32.80	4
Jun ’24	CHF 41.45	CHF 54.50 +31.48%	7.05%	CHF 60.00	CHF 50.00	CHF 31.50	4
May ’24	CHF 46.30	CHF 54.50 +17.71%	7.05%	CHF 60.00	CHF 50.00	CHF 31.10	4

AnalystConsensusTarget

Consensus Narrative from 2 Analysts

CHF 45.00

Fair Value

27.3% undervalued

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

Data	Last Updated (UTC time)
Company Analysis	2025/05/27 12:15
End of Day Share Price	2025/05/27 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Vetropack Holding AG is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alejandro Conde Fraisoli	Banco Santander
Johannes Borner	Bank am Bellevue
Christian Arnold	Bank Vontobel AG