How does 19V0's PE Ratio compare to its peers?

19V0 is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the peer average (24.5x).

How does 19V0's PE Ratio compare vs other companies in the DE Machinery Industry?

19V0 is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the German Machinery industry average (15.3x).

What is 19V0'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.

19V0 is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the estimated Fair Price-To-Earnings Ratio (24.5x).

What is the Fair Price of 19V0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

19V0 (€36) is trading below our estimate of [[fair value]] (€51.05)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

19V0 Stock Overview

Develops, manufactures, and supplies vacuum valves, multi-valve units, vacuum modules, and edge-welded metal bellows in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. More details

19V0 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	3/6
Financial Health	6/6
Dividends	1/6

Rewards

Trading at 29.5% below our estimate of its fair value

Earnings are forecast to grow 21.72% per year

Risk Analysis

Dividend of 1.75% is not well covered by earnings or free cash flows

My Notes

Capture your thoughts, links and company narrative

VAT Group AG Competitors

GEA Group

XTRA:G1A

€8.1b

RATIONAL

XTRA:RAA

€9.6b

DMG MORI

XTRA:GIL

€3.6b

Krones

XTRA:KRN

€3.8b

Price History & Performance

Summary of share price highs, lows and changes for VAT Group
Historical stock prices
Current Share Price	CHF 36.00
52 Week High	CHF 56.50
52 Week Low	CHF 34.00
Beta	1.18
1 Month Change	4.65%
3 Month Change	-14.29%
1 Year Change	-13.88%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	7.78%

Recent updates

Shareholder Returns

	19V0	DE Machinery	DE Market
7D	0.6%	-2.6%	-1.4%
1Y	-13.9%	9.0%	8.0%

Return vs Industry: 19V0 underperformed the German Machinery industry which returned 10% over the past year.

Return vs Market: 19V0 underperformed the German Market which returned 8.1% over the past year.

Price Volatility

Is 19V0's price volatile compared to industry and market?
19V0 volatility
19V0 Average Weekly Movement	5.0%
Machinery Industry Average Movement	4.1%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.9%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: 19V0 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 19V0's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1965	2,983	Urs Gantner	www.vatvalve.com

VAT Group AG, together with its subsidiaries, develops, manufactures, and supplies vacuum valves, multi-valve units, vacuum modules, and edge-welded metal bellows in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. It operates through two segments, Valves and Global Service. The Valves segment offers vacuum valves for the semiconductor, displays, photovoltaics, and vacuum coating industries, as well as for the industrial and research sector.

VAT Group AG Fundamentals Summary

How do VAT Group's earnings and revenue compare to its market cap?
19V0 fundamental statistics
Market cap	€11.50b
Earnings (TTM)	€214.40m
Revenue (TTM)	€944.12m

53.6x

P/E Ratio

12.2x

P/S Ratio

Is 19V0 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
19V0 income statement (TTM)
Revenue	CHF 881.17m
Cost of Revenue	CHF 337.07m
Gross Profit	CHF 544.10m
Other Expenses	CHF 344.00m
Earnings	CHF 200.11m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Jan 09, 2025

Earnings per share (EPS)	6.67
Gross Margin	61.75%
Net Profit Margin	22.71%
Debt/Equity Ratio	0.3%

How did 19V0 perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

94%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 09:33
End of Day Share Price	2024/12/18 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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 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

VAT Group AG is covered by 30 analysts. 17 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
Zana Mamelli	Baader Helvea Equity Research
Volker Bosse	Baader Helvea Equity Research
Emrah Basic	Baader Helvea Equity Research