Intershop Holding AG

SWX:ISN Stock Report

Market Cap: CHF 1.1b

Intershop Holding Valuation

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

Below Fair Value: ISN (CHF120) is trading above our estimate of fair value (CHF46.62)

Significantly Below Fair Value: ISN is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ISN. This is calculated by dividing ISN's market cap by their current earnings.
What is ISN's PE Ratio?
PE Ratio13.4x
EarningsCHF 82.44m
Market CapCHF 1.11b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ISN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.2x
EPIC EPIC Suisse
25.9xn/aCHF 758.2m
HIAG HIAG Immobilien Holding
13.3x6.3%CHF 810.2m
WARN Warteck Invest
40.4x15.3%CHF 543.0m
MOBN Mobimo Holding
25.3x11.0%CHF 2.0b
ISN Intershop Holding
13.4x-9.7%CHF 1.1b

Price-To-Earnings vs Peers: ISN is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (26.2x).

Price to Earnings Ratio vs Industry

How does ISN's PE Ratio compare vs other companies in the European Real Estate Industry?

23 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ISN 13.4xIndustry Avg. 18.0xNo. of Companies33PE01224364860+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ISN is good value based on its Price-To-Earnings Ratio (13.4x) compared to the European Real Estate industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is ISN'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.

ISN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.4x
Fair PE Ratio16.8x

Price-To-Earnings vs Fair Ratio: ISN is good value based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (16.8x).

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 ISN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 120.00
CHF 124.50
+3.8%
6.0%CHF 132.00CHF 117.00n/a2
Nov ’25CHF 121.60
CHF 124.50
+2.4%
6.0%CHF 132.00CHF 117.00n/a2
Oct ’25CHF 119.40
CHF 124.50
+4.3%
6.0%CHF 132.00CHF 117.00n/a2
Sep ’25CHF 122.80
CHF 124.50
+1.4%
6.0%CHF 132.00CHF 117.00n/a2
Aug ’25CHF 117.20
CHF 124.50
+6.2%
6.0%CHF 132.00CHF 117.00n/a2
Jul ’25CHF 117.60
CHF 124.50
+5.9%
6.0%CHF 132.00CHF 117.00n/a2
Jun ’25CHF 120.00
CHF 124.50
+3.8%
6.0%CHF 132.00CHF 117.00n/a2
May ’25CHF 123.40
CHF 124.50
+0.9%
6.0%CHF 132.00CHF 117.00n/a2

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

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