OC Oerlikon Corporation AG

LSE:0QO3 Stock Report

Market Cap: CHF 1.2b

OC Oerlikon Valuation

Is 0QO3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 0QO3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QO3 (CHF3.73) is trading below our estimate of fair value (CHF8.04)

Significantly Below Fair Value: 0QO3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QO3?

Key metric: As 0QO3 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0QO3. This is calculated by dividing 0QO3's market cap by their current revenue.
What is 0QO3's PS Ratio?
PS Ratio0.5x
SalesCHF 2.42b
Market CapCHF 1.21b

Price to Sales Ratio vs Peers

How does 0QO3's PS Ratio compare to its peers?

The above table shows the PS ratio for 0QO3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.7x
VSVS Vesuvius
0.6x1.8%UK£1.1b
BOY Bodycote
1.4x2.6%UK£1.1b
MGAM Morgan Advanced Materials
0.7x2.7%UK£748.3m
JDG Judges Scientific
4.1x7.1%UK£558.0m
0QO3 OC Oerlikon
0.5x3.7%CHF 1.2b

Price-To-Sales vs Peers: 0QO3 is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.7x).

Price to Sales Ratio vs Industry

How does 0QO3's PS Ratio compare vs other companies in the GB Machinery Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
HMSG HMS Hydraulic Machines & Systems Group
0.08x4.0%US$81.11m
HARL Harland & Wolff Group Holdings
0.2xn/aUS$19.39m
SIXH 600 Group
0.1xn/aUS$4.32m
No more companies available in this PS range
0QO3 0.5xIndustry Avg. 1.7xNo. of Companies5PS012345+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0QO3 is good value based on its Price-To-Sales Ratio (0.5x) compared to the UK Machinery industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is 0QO3'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.

0QO3 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: 0QO3 is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 0QO3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 3.73
CHF 4.49
+20.4%
13.0%CHF 5.24CHF 3.70n/a8
Nov ’25CHF 4.00
CHF 4.85
+21.5%
6.5%CHF 5.24CHF 4.50n/a8
Oct ’25CHF 4.53
CHF 4.83
+6.5%
5.8%CHF 5.24CHF 4.50n/a7
Sep ’25CHF 4.81
CHF 4.83
+0.4%
5.8%CHF 5.24CHF 4.50n/a7
Aug ’25CHF 4.95
CHF 4.69
-5.3%
5.1%CHF 5.20CHF 4.50n/a7
Jul ’25CHF 4.89
CHF 4.60
-5.8%
2.7%CHF 4.80CHF 4.50n/a6
Jun ’25CHF 5.01
CHF 4.54
-9.4%
4.1%CHF 4.80CHF 4.18n/a7
May ’25CHF 3.99
CHF 4.25
+6.4%
6.2%CHF 4.75CHF 3.90n/a7
Apr ’25CHF 3.90
CHF 4.25
+8.9%
6.2%CHF 4.75CHF 3.90n/a7
Mar ’25CHF 4.30
CHF 4.25
-1.3%
6.2%CHF 4.75CHF 3.90n/a7
Feb ’25CHF 3.75
CHF 4.20
+12.1%
7.3%CHF 4.75CHF 3.80n/a7
Jan ’25CHF 3.78
CHF 4.28
+13.3%
6.0%CHF 4.75CHF 3.90n/a7
Dec ’24CHF 3.68
CHF 4.31
+17.2%
5.2%CHF 4.75CHF 4.10n/a7
Nov ’24CHF 3.55
CHF 4.42
+24.5%
4.6%CHF 4.75CHF 4.10CHF 4.006
Oct ’24CHF 3.89
CHF 5.54
+42.3%
26.9%CHF 8.00CHF 4.10CHF 4.535
Sep ’24CHF 4.37
CHF 5.83
+33.5%
20.6%CHF 8.00CHF 4.35CHF 4.816
Aug ’24CHF 4.73
CHF 6.15
+29.9%
16.0%CHF 8.00CHF 4.80CHF 4.956
Jul ’24CHF 4.46
CHF 6.25
+40.2%
16.1%CHF 8.00CHF 4.80CHF 4.896
Jun ’24CHF 4.47
CHF 6.25
+39.7%
16.1%CHF 8.00CHF 4.80CHF 5.016
May ’24CHF 4.95
CHF 7.02
+41.9%
9.8%CHF 8.00CHF 6.00CHF 3.996
Apr ’24CHF 5.16
CHF 7.07
+37.1%
10.1%CHF 8.00CHF 6.00CHF 3.906
Mar ’24CHF 5.80
CHF 7.04
+21.4%
11.6%CHF 8.00CHF 6.00CHF 4.305
Feb ’24CHF 6.36
CHF 8.10
+27.5%
9.1%CHF 9.40CHF 7.00CHF 3.756
Jan ’24CHF 6.10
CHF 8.50
+39.4%
11.4%CHF 10.20CHF 7.00CHF 3.786
Dec ’23CHF 6.34
CHF 8.50
+34.0%
11.4%CHF 10.20CHF 7.00CHF 3.686
Nov ’23CHF 6.56
CHF 9.38
+43.0%
10.6%CHF 11.30CHF 8.50CHF 3.556

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

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