Zehnder Group AG

BATS-CHIXE:ZEHNZ Stock Report

Market Cap: CHF 719.5m

Zehnder Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
CHF 64.36
Fair Value
0.5% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: ZEHNZ (CHF64.7) is trading above our estimate of fair value (CHF64.36)

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

Key Valuation Metric

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

Key metric: As ZEHNZ is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ZEHNZ. This is calculated by dividing ZEHNZ's market cap by their current revenue.
What is ZEHNZ's PS Ratio?
PS Ratio1.1x
Sales€708.20m
Market Cap€768.81m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ZEHNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
JHD James Halstead
2.6x3.53%UK£691.9m
GEN Genuit Group
1.8x4.89%UK£1.0b
FAN Volution Group
3.4x11.60%UK£1.2b
NXR Norcros
0.6x0.46%UK£233.5m
ZEHNZ Zehnder Group
1.1x4.56%CHF 719.5m

Price-To-Sales vs Peers: ZEHNZ is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does ZEHNZ's PS Ratio compare vs other companies in the European Building Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
No. of Companies10PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ZEHNZ is expensive based on its Price-To-Sales Ratio (1.1x) compared to the European Building industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is ZEHNZ'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.

ZEHNZ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: ZEHNZ is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).

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 ZEHNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 64.70
CHF 64.53
-0.26%
13.46%CHF 74.68CHF 52.72n/a4
May ’26CHF 54.40
CHF 65.46
+20.33%
13.98%CHF 76.04CHF 52.84n/a4
Apr ’26CHF 51.80
CHF 65.46
+26.37%
13.98%CHF 76.04CHF 52.84n/a4
Mar ’26CHF 53.70
CHF 61.05
+13.69%
15.04%CHF 74.73CHF 48.86n/a4
Feb ’26CHF 50.40
CHF 61.66
+22.34%
15.01%CHF 75.51CHF 49.51n/a4
Jan ’26CHF 45.00
CHF 61.99
+37.76%
12.70%CHF 74.57CHF 52.85n/a4
Dec ’25CHF 45.90
CHF 61.99
+35.06%
12.70%CHF 74.57CHF 52.85n/a4
Nov ’25CHF 49.70
CHF 63.74
+28.25%
12.42%CHF 75.02CHF 53.16n/a4
Oct ’25CHF 54.10
CHF 66.55
+23.01%
12.47%CHF 75.04CHF 53.03n/a4
Sep ’25CHF 53.65
CHF 66.55
+24.04%
12.47%CHF 75.04CHF 53.03n/a4
Aug ’25CHF 55.70
CHF 66.55
+19.48%
12.47%CHF 75.04CHF 53.03n/a4
Jul ’25CHF 52.95
CHF 67.42
+27.33%
12.05%CHF 75.00CHF 54.29n/a4
Jun ’25CHF 59.50
CHF 67.42
+13.31%
12.05%CHF 75.00CHF 54.29n/a4
May ’25CHF 54.30
CHF 67.00
+23.39%
11.80%CHF 75.02CHF 54.08CHF 54.404
Apr ’25CHF 59.40
CHF 67.00
+12.79%
11.80%CHF 75.02CHF 54.08CHF 51.804
Mar ’25CHF 53.60
CHF 66.98
+24.96%
11.89%CHF 75.56CHF 54.15CHF 53.704
Feb ’25CHF 51.20
CHF 68.27
+33.33%
12.69%CHF 76.88CHF 54.67CHF 50.404
Jan ’25CHF 53.40
CHF 72.02
+34.88%
15.88%CHF 84.29CHF 54.25CHF 45.004
Dec ’24CHF 47.73
CHF 76.40
+60.08%
16.37%CHF 85.44CHF 55.00CHF 45.904
Nov ’24CHF 47.30
CHF 78.79
+66.58%
9.82%CHF 85.02CHF 65.80CHF 49.704
Oct ’24CHF 53.80
CHF 78.79
+46.45%
9.82%CHF 85.02CHF 65.80CHF 54.104
Sep ’24CHF 56.90
CHF 78.79
+38.47%
9.82%CHF 85.02CHF 65.80CHF 53.654
Aug ’24CHF 64.50
CHF 86.28
+33.77%
2.54%CHF 89.35CHF 84.39CHF 55.703
Jul ’24CHF 72.20
CHF 86.61
+19.95%
1.81%CHF 88.73CHF 84.98CHF 52.953
Jun ’24CHF 71.60
CHF 85.27
+19.09%
5.43%CHF 89.78CHF 78.91CHF 59.503
May ’24CHF 72.80
CHF 85.27
+17.13%
5.43%CHF 89.78CHF 78.91CHF 54.303
AnalystConsensusTarget
Consensus Narrative from 4 Analysts
CHF 64.63
Fair Value
0.1% overvalued intrinsic discount
4
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 Analysis2025/05/20 04:56
End of Day Share Price 2025/05/20 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Zehnder Group AG is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick AppenzellerBaader Helvea Equity Research
Carla BänzigerBank Vontobel AG
Michael HeiderBerenberg