LEM Holding SA

SWX:LEHN Stock Report

Market Cap: CHF 927.1m

LEM Holding Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: LEHN (CHF814) is trading below our estimate of fair value (CHF1832.78)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LEHN. This is calculated by dividing LEHN's market cap by their current earnings.
What is LEHN's PE Ratio?
PE Ratio30.4x
EarningsCHF 30.51m
Market CapCHF 927.10m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LEHN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average49x
LAND Landis+Gyr Group
18.3x16.8%CHF 1.9b
COTN Comet Holding
125.6x48.6%CHF 2.2b
IFCN INFICON Holding
25.4x9.5%CHF 2.5b
ELMN Elma Electronic
26.8xn/aCHF 239.9m
LEHN LEM Holding
30.4x36.9%CHF 927.1m

Price-To-Earnings vs Peers: LEHN is good value based on its Price-To-Earnings Ratio (30.4x) compared to the peer average (49x).

Price to Earnings Ratio vs Industry

How does LEHN's PE Ratio compare vs other companies in the European Electronic Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LEHN 30.4xIndustry Avg. 17.8xNo. of Companies15PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LEHN is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the European Electronic industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is LEHN'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.

LEHN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.4x
Fair PE Ratio34.1x

Price-To-Earnings vs Fair Ratio: LEHN is good value based on its Price-To-Earnings Ratio (30.4x) compared to the estimated Fair Price-To-Earnings Ratio (34.1x).

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 LEHN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 814.00
CHF 1,323.00
+62.5%
13.6%CHF 1,625.00CHF 1,100.00n/a5
Nov ’25CHF 1,168.00
CHF 1,607.60
+37.6%
7.4%CHF 1,818.00CHF 1,470.00n/a5
Oct ’25CHF 1,342.00
CHF 1,610.50
+20.0%
6.7%CHF 1,818.00CHF 1,470.00n/a6
Sep ’25CHF 1,250.00
CHF 1,609.50
+28.8%
8.2%CHF 1,818.00CHF 1,470.00n/a4
Aug ’25CHF 1,284.00
CHF 1,793.25
+39.7%
15.9%CHF 2,228.00CHF 1,470.00n/a4
Jul ’25CHF 1,410.00
CHF 1,950.75
+38.4%
11.9%CHF 2,228.00CHF 1,625.00n/a4
Jun ’25CHF 1,522.00
CHF 2,032.00
+33.5%
11.8%CHF 2,228.00CHF 1,625.00n/a4
May ’25CHF 1,566.00
CHF 2,113.25
+34.9%
5.0%CHF 2,228.00CHF 1,950.00n/a4
Apr ’25CHF 1,706.00
CHF 2,113.25
+23.9%
5.0%CHF 2,228.00CHF 1,950.00n/a4
Mar ’25CHF 1,694.00
CHF 2,113.25
+24.7%
5.0%CHF 2,228.00CHF 1,950.00n/a4
Feb ’25CHF 1,980.00
CHF 2,182.50
+10.2%
7.7%CHF 2,380.00CHF 1,950.00n/a4
Jan ’25CHF 2,075.00
CHF 2,182.50
+5.2%
7.7%CHF 2,380.00CHF 1,950.00n/a4
Dec ’24CHF 1,904.00
CHF 2,182.50
+14.6%
7.7%CHF 2,380.00CHF 1,950.00n/a4
Nov ’24CHF 1,854.00
CHF 2,085.00
+12.5%
0.7%CHF 2,100.00CHF 2,070.00CHF 1,168.002
Oct ’24CHF 2,045.00
CHF 2,135.00
+4.4%
3.0%CHF 2,200.00CHF 2,070.00CHF 1,342.002
Sep ’24CHF 1,998.00
CHF 2,090.00
+4.6%
4.0%CHF 2,200.00CHF 2,000.00CHF 1,250.003
Aug ’24CHF 2,100.00
CHF 2,036.67
-3.0%
1.3%CHF 2,060.00CHF 2,000.00CHF 1,284.003
Jul ’24CHF 2,240.00
CHF 2,036.67
-9.1%
1.3%CHF 2,060.00CHF 2,000.00CHF 1,410.003
Jun ’24CHF 2,040.00
CHF 2,020.00
-1.0%
2.5%CHF 2,060.00CHF 1,950.00CHF 1,522.003
May ’24CHF 1,972.00
CHF 2,000.00
+1.4%
2.0%CHF 2,050.00CHF 1,950.00CHF 1,566.003
Apr ’24CHF 1,966.00
CHF 1,990.00
+1.2%
2.2%CHF 2,050.00CHF 1,950.00CHF 1,706.003
Mar ’24CHF 1,960.00
CHF 1,990.00
+1.5%
2.2%CHF 2,050.00CHF 1,950.00CHF 1,694.003
Feb ’24CHF 2,100.00
CHF 2,030.00
-3.3%
2.6%CHF 2,100.00CHF 1,970.00CHF 1,980.003
Jan ’24CHF 1,794.00
CHF 2,030.00
+13.2%
2.6%CHF 2,100.00CHF 1,970.00CHF 2,075.003
Dec ’23CHF 1,944.00
CHF 1,916.67
-1.4%
10.7%CHF 2,100.00CHF 1,630.00CHF 1,904.003
Nov ’23CHF 1,678.00
CHF 1,826.67
+8.9%
9.4%CHF 2,050.00CHF 1,630.00CHF 1,854.003

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Landis+Gyr Group

CHF 1.9b

Provides integrated energy management solutions to utility sector in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

LAND

CHF 65.30

7D

0%

1Y

-10.4%

Jenoptik

€1.2b

Provides advanced photonic solutions and smart mobility solutions in Germany and internationally.

JEN

€37.10

7D

0%

1Y

0%

ALSO Holding

CHF 2.8b

Operates as a technology services provider for the ICT industry in Switzerland, Germany, the Netherlands, Poland, and internationally.

ALSN

CHF 232.00

7D

-1.9%

1Y

-3.7%