Tecan Group AG

SWX:TECN Stock Report

Market Cap: CHF 2.5b

Tecan Group Valuation

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

Below Fair Value: TECN (CHF197.5) is trading below our estimate of fair value (CHF230.19)

Significantly Below Fair Value: TECN is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TECN. This is calculated by dividing TECN's market cap by their current earnings.
What is TECN's PE Ratio?
PE Ratio25x
EarningsCHF 101.34m
Market CapCHF 2.53b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TECN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.4x
BANB Bachem Holding
37.7x17.9%CHF 4.3b
SFZN Siegfried Holding
32.7x13.7%CHF 4.2b
SKAN SKAN Group
52.4x18.7%CHF 1.7b
LONN Lonza Group
66.9x23.4%CHF 38.4b
TECN Tecan Group
25x14.8%CHF 2.5b

Price-To-Earnings vs Peers: TECN is good value based on its Price-To-Earnings Ratio (25x) compared to the peer average (47.4x).

Price to Earnings Ratio vs Industry

How does TECN's PE Ratio compare vs other companies in the European Life Sciences Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TECN 25.0xIndustry Avg. 37.4xNo. of Companies4PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TECN is good value based on its Price-To-Earnings Ratio (25x) compared to the European Life Sciences industry average (37.4x).

Price to Earnings Ratio vs Fair Ratio

What is TECN'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.

TECN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: TECN is expensive based on its Price-To-Earnings Ratio (25x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

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 TECN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 197.50
CHF 284.86
+44.2%
15.6%CHF 384.00CHF 241.00n/a7
Dec ’25CHF 210.20
CHF 286.14
+36.1%
15.6%CHF 384.00CHF 241.00n/a7
Nov ’25CHF 220.20
CHF 295.29
+34.1%
15.5%CHF 384.00CHF 241.00n/a7
Oct ’25CHF 276.00
CHF 348.75
+26.4%
11.0%CHF 415.00CHF 300.00n/a8
Sep ’25CHF 285.00
CHF 351.71
+23.4%
11.4%CHF 415.00CHF 300.00n/a7
Aug ’25CHF 327.20
CHF 385.71
+17.9%
8.2%CHF 415.00CHF 330.00n/a7
Jul ’25CHF 302.20
CHF 396.57
+31.2%
5.8%CHF 418.00CHF 347.00n/a7
Jun ’25CHF 319.40
CHF 397.71
+24.5%
6.0%CHF 420.00CHF 347.00n/a7
May ’25CHF 327.00
CHF 395.57
+21.0%
7.2%CHF 420.00CHF 332.00n/a7
Apr ’25CHF 373.80
CHF 397.14
+6.2%
7.1%CHF 420.00CHF 332.00n/a7
Mar ’25CHF 350.00
CHF 390.86
+11.7%
10.5%CHF 450.00CHF 311.00n/a7
Feb ’25CHF 330.80
CHF 392.29
+18.6%
10.6%CHF 450.00CHF 311.00n/a7
Jan ’25CHF 343.40
CHF 412.50
+20.1%
14.8%CHF 480.00CHF 300.00n/a6
Dec ’24CHF 311.00
CHF 435.00
+39.9%
8.7%CHF 480.00CHF 372.00CHF 210.205
Nov ’24CHF 265.80
CHF 447.40
+68.3%
4.9%CHF 480.00CHF 417.00CHF 220.205
Oct ’24CHF 309.20
CHF 447.83
+44.8%
4.4%CHF 480.00CHF 417.00CHF 276.006
Sep ’24CHF 352.80
CHF 448.86
+27.2%
4.1%CHF 480.00CHF 417.00CHF 285.007
Aug ’24CHF 346.40
CHF 466.86
+34.8%
2.8%CHF 485.00CHF 450.00CHF 327.207
Jul ’24CHF 343.20
CHF 463.83
+35.1%
2.6%CHF 480.00CHF 450.00CHF 302.206
Jun ’24CHF 350.20
CHF 464.83
+32.7%
2.4%CHF 480.00CHF 450.00CHF 319.406
May ’24CHF 387.80
CHF 461.80
+19.1%
2.2%CHF 480.00CHF 450.00CHF 327.005
Apr ’24CHF 399.20
CHF 460.33
+15.3%
4.3%CHF 485.00CHF 425.00CHF 373.806
Mar ’24CHF 378.20
CHF 459.00
+21.4%
5.0%CHF 483.00CHF 425.00CHF 350.005
Feb ’24CHF 382.60
CHF 470.00
+22.8%
4.2%CHF 493.00CHF 440.00CHF 330.804
Jan ’24CHF 412.40
CHF 470.00
+14.0%
4.2%CHF 493.00CHF 440.00CHF 343.404
Dec ’23CHF 399.60
CHF 467.50
+17.0%
3.6%CHF 483.00CHF 440.00CHF 311.004

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 04:28
End of Day Share Price 2024/12/20 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

Tecan Group AG is covered by 21 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Markus MayerBaader Helvea Equity Research
Volker BosseBaader Helvea Equity Research
Scott BardoBerenberg