Siltronic AG

SWX:WAF Stock Report

Market Cap: CHF 2.3b

Siltronic Valuation

Is WAF 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of WAF 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: WAF (CHF81.5) is trading below our estimate of future cash flow value (CHF88.22)

Significantly Below Future Cash Flow Value: WAF is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As WAF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for WAF. This is calculated by dividing WAF's market cap by their current revenue.
What is WAF's PS Ratio?
PS Ratio2x
Sales€1.31b
Market Cap€2.54b

Price to Sales Ratio vs Peers

How does WAF's PS Ratio compare to its peers?

The above table shows the PS ratio for WAF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
AMS ams-OSRAM
0.5x5.63%CHF 1.6b
UBXN u-blox Holding
3.6x13.29%CHF 1.0b
3532 Formosa Sumco Technology
8.3xn/aNT$104.7b
6865 Flat Glass Group
1x10.88%HK$27.4b
WAF Siltronic
2x8.19%CHF 2.5b

Price-To-Sales vs Peers: WAF is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (3.3x).

Historical Price to Sales Ratio

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

Fetching historical data

Price to Sales Ratio vs Industry

How does WAF's PS Ratio compare vs other companies in the European Semiconductor Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
WAF 2.0xIndustry Avg. 4.7xNo. of Companies12PS02.85.68.411.214+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WAF is good value based on its Price-To-Sales Ratio (2x) compared to the European Semiconductor industry average (4.8x).

Price to Sales Ratio vs Fair Ratio

What is WAF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WAF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate WAF's Price-To-Sales Fair Ratio for valuation analysis.

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 WAF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 81.50
CHF 66.76
-18.08%
27.56%CHF 96.03CHF 30.18n/a10
Jun ’27CHF 88.15
CHF 66.76
-24.26%
27.56%CHF 96.03CHF 30.18n/a10
May ’27CHF 70.45
CHF 60.00
-14.83%
23.09%CHF 76.03CHF 30.23n/a10
Apr ’27CHF 49.50
CHF 50.72
+2.46%
19.09%CHF 64.43CHF 32.22n/a10
Mar ’27CHF 51.25
CHF 47.95
-6.45%
18.30%CHF 60.16CHF 31.90n/a10
Feb ’27CHF 48.66
CHF 50.04
+2.84%
19.39%CHF 64.69CHF 36.04n/a10
Jan ’27CHF 41.60
CHF 50.82
+22.16%
18.98%CHF 65.14CHF 37.22n/a9
Dec ’26n/a
CHF 50.93
0%
18.98%CHF 65.28CHF 37.30n/a9
Nov ’26n/a
CHF 49.11
0%
22.39%CHF 64.93CHF 35.25n/a9
Oct ’26n/a
CHF 42.88
0%
18.44%CHF 59.81CHF 33.03n/a10
Sep ’26n/a
CHF 43.02
0%
18.44%CHF 60.00CHF 33.14n/a10
Aug ’26n/a
CHF 42.56
0%
18.44%CHF 59.36CHF 32.79n/a10
Jul ’26n/a
CHF 46.44
0%
26.64%CHF 74.73CHF 33.02n/a11
Jun ’26n/a
CHF 46.92
0%
26.83%CHF 75.16CHF 33.21CHF 88.1511
May ’26n/a
CHF 47.97
0%
25.33%CHF 74.93CHF 33.11CHF 70.4511
Apr ’26n/a
CHF 54.88
0%
20.37%CHF 76.29CHF 41.00CHF 49.5011
Mar ’26n/a
CHF 58.82
0%
27.60%CHF 84.39CHF 34.69CHF 51.2511
Feb ’26n/a
CHF 74.04
0%
23.74%CHF 98.38CHF 40.67CHF 48.6611
Jan ’26n/a
CHF 75.47
0%
22.33%CHF 96.90CHF 42.86CHF 41.6011
Dec ’25n/a
CHF 79.15
0%
18.81%CHF 98.10CHF 55.65n/a11
Nov ’25n/a
CHF 78.72
0%
18.81%CHF 97.56CHF 55.35n/a11
Oct ’25n/a
CHF 84.98
0%
15.99%CHF 103.97CHF 63.33n/a11
Sep ’25CHF 100.40
CHF 85.10
-15.24%
16.07%CHF 103.70CHF 63.16n/a11
Aug ’25CHF 100.40
CHF 85.10
-15.24%
16.07%CHF 103.70CHF 63.16n/a11
Jul ’25CHF 100.40
CHF 85.84
-14.50%
17.28%CHF 105.45CHF 60.39n/a11
Jun ’25CHF 100.40
CHF 88.55
-11.80%
17.28%CHF 108.78CHF 62.30n/a11
CHF 69.58
Fair Value
17.1% overvalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 02:28
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
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 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

Siltronic AG is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Guenther HollfelderBaader Helvea Equity Research
Bruno BulicBaader Helvea Equity Research
Gustav FrobergBerenberg