Emmi AG

BATS-CHIXE:EMMNZ Stock Report

Market Cap: CHF 4.4b

Emmi Valuation

Is EMMNZ 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-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 EMMNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CHF 1.57k
Fair Value
48.2% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: EMMNZ (CHF814) is trading below our estimate of fair value (CHF1572.37)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EMMNZ. This is calculated by dividing EMMNZ's market cap by their current earnings.
What is EMMNZ's PE Ratio?
PE Ratio19.8x
EarningsCHF 220.29m
Market CapCHF 4.37b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EMMNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.3x
TATE Tate & Lyle
16.6x12.30%UK£2.6b
CWK Cranswick
25x8.80%UK£2.9b
PFD Premier Foods
16.1x6.58%UK£1.8b
BAKK Bakkavor Group
19.4x13.88%UK£1.1b
EMMNZ Emmi
19.8x6.29%CHF 4.4b

Price-To-Earnings vs Peers: EMMNZ is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (19.3x).

Price to Earnings Ratio vs Industry

How does EMMNZ's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies20PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EMMNZ is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the European Food industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is EMMNZ'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.

EMMNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.8x
Fair PE Ratio15.7x

Price-To-Earnings vs Fair Ratio: EMMNZ is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (15.7x).

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 EMMNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 814.00
CHF 919.00
+12.90%
12.60%CHF 1,060.00CHF 715.00n/a5
May ’26CHF 806.00
CHF 919.00
+14.02%
12.60%CHF 1,060.00CHF 715.00n/a5
Apr ’26CHF 812.00
CHF 918.75
+13.15%
14.38%CHF 1,070.00CHF 715.00n/a4
Mar ’26CHF 821.00
CHF 898.25
+9.41%
14.36%CHF 1,068.00CHF 715.00n/a4
Feb ’26CHF 796.00
CHF 888.75
+11.65%
13.93%CHF 1,060.00CHF 715.00n/a4
Jan ’26CHF 733.00
CHF 941.75
+28.48%
15.96%CHF 1,100.00CHF 715.00n/a4
Dec ’25CHF 771.00
CHF 1,000.25
+29.73%
10.33%CHF 1,100.00CHF 855.00n/a4
Nov ’25CHF 829.00
CHF 1,000.25
+20.66%
10.33%CHF 1,100.00CHF 855.00n/a4
Oct ’25CHF 857.00
CHF 1,000.25
+16.72%
10.33%CHF 1,100.00CHF 855.00n/a4
Sep ’25CHF 886.00
CHF 1,000.25
+12.90%
10.33%CHF 1,100.00CHF 855.00n/a4
Aug ’25CHF 921.00
CHF 998.25
+8.39%
10.17%CHF 1,100.00CHF 855.00n/a4
Jul ’25CHF 888.00
CHF 993.60
+11.89%
9.44%CHF 1,100.00CHF 840.00n/a5
Jun ’25CHF 900.00
CHF 990.80
+10.09%
9.23%CHF 1,100.00CHF 840.00n/a5
May ’25CHF 895.00
CHF 990.80
+10.70%
9.23%CHF 1,100.00CHF 840.00CHF 806.005
Apr ’25CHF 899.00
CHF 989.00
+10.01%
9.10%CHF 1,100.00CHF 840.00CHF 812.005
Mar ’25CHF 913.00
CHF 993.00
+8.76%
9.15%CHF 1,100.00CHF 840.00CHF 821.005
Feb ’25CHF 902.00
CHF 998.20
+10.67%
9.69%CHF 1,100.00CHF 815.00CHF 796.005
Jan ’25CHF 909.00
CHF 1,009.40
+11.05%
10.81%CHF 1,150.00CHF 815.00CHF 733.005
Dec ’24CHF 903.00
CHF 1,009.40
+11.78%
10.81%CHF 1,150.00CHF 815.00CHF 771.005
Nov ’24CHF 858.00
CHF 1,009.40
+17.65%
10.81%CHF 1,150.00CHF 815.00CHF 829.005
Oct ’24CHF 867.00
CHF 1,009.40
+16.42%
10.81%CHF 1,150.00CHF 815.00CHF 857.005
Sep ’24CHF 936.50
CHF 982.00
+4.86%
11.91%CHF 1,150.00CHF 815.00CHF 886.006
Aug ’24CHF 853.00
CHF 969.60
+13.67%
7.54%CHF 1,071.00CHF 847.00CHF 921.005
Jul ’24CHF 866.00
CHF 964.60
+11.39%
6.90%CHF 1,046.00CHF 847.00CHF 888.005
Jun ’24CHF 925.00
CHF 964.60
+4.28%
6.90%CHF 1,046.00CHF 847.00CHF 900.005
May ’24CHF 931.00
CHF 964.60
+3.61%
6.90%CHF 1,046.00CHF 847.00CHF 895.005
AnalystConsensusTarget
Consensus Narrative from 5 Analysts
CHF 916.75
Fair Value
11.2% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/12 05:51
End of Day Share Price 2025/05/09 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

Emmi AG is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Volker BosseBaader Helvea Equity Research
Andreas von ArxBaader Helvea Equity Research
Pascal FurgerBank Vontobel AG