Sonova Holding AG

BATS-CHIXE:SOONZ Stock Report

Market Cap: CHF 16.0b

Sonova Holding Valuation

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

Below Fair Value: SOONZ (CHF268.3) is trading below our estimate of fair value (CHF431.44)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SOONZ. This is calculated by dividing SOONZ's market cap by their current earnings.
What is SOONZ's PE Ratio?
PE Ratio26.6x
EarningsCHF 600.50m
Market CapCHF 15.98b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SOONZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.2x
SN. Smith & Nephew
35.4x22.7%UK£8.6b
NIOX NIOX Group
22.9x15.8%UK£251.5m
CTEC ConvaTec Group
37.1x20.2%UK£4.5b
EKF EKF Diagnostics Holdings
25.7xn/aUK£122.5m
SOONz Sonova Holding
31.2x11.4%CHF 17.6b

Price-To-Earnings vs Peers: SOONZ is good value based on its Price-To-Earnings Ratio (26.6x) compared to the peer average (55.1x).

Price to Earnings Ratio vs Industry

How does SOONZ's PE Ratio compare vs other companies in the European Medical Equipment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies10PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SOONZ is good value based on its Price-To-Earnings Ratio (26.6x) compared to the European Medical Equipment industry average (33.2x).

Price to Earnings Ratio vs Fair Ratio

What is SOONZ'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.

SOONZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.6x
Fair PE Ratio40.2x

Price-To-Earnings vs Fair Ratio: SOONZ is good value based on its Price-To-Earnings Ratio (26.6x) compared to the estimated Fair Price-To-Earnings Ratio (40.2x).

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 SOONZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 272.65
0%
12.7%CHF 325.00CHF 200.00n/a17
Dec ’25n/a
CHF 272.65
0%
12.7%CHF 325.00CHF 200.00n/a17
Nov ’25n/a
CHF 272.65
0%
12.7%CHF 325.00CHF 200.00n/a17
Oct ’25n/a
CHF 272.65
0%
12.7%CHF 325.00CHF 200.00n/a17
Sep ’25n/a
CHF 272.65
0%
12.7%CHF 325.00CHF 200.00n/a17
Aug ’25n/a
CHF 272.65
0%
12.7%CHF 325.00CHF 200.00n/a17
Jul ’25n/a
CHF 272.65
0%
12.7%CHF 325.00CHF 200.00n/a17
Jun ’25n/a
CHF 272.65
0%
12.7%CHF 325.00CHF 200.00n/a17
May ’25CHF 256.10
CHF 272.65
+6.5%
12.7%CHF 325.00CHF 200.00n/a17
Apr ’25CHF 260.90
CHF 272.65
+4.5%
12.7%CHF 325.00CHF 200.00n/a17
Mar ’25CHF 272.00
CHF 270.59
-0.5%
13.4%CHF 325.00CHF 200.00n/a17
Feb ’25n/a
CHF 267.06
0%
14.7%CHF 325.00CHF 200.00n/a16
Jan ’25n/a
CHF 257.07
0%
12.7%CHF 320.00CHF 200.00n/a15
Dec ’24n/a
CHF 259.75
0%
13.4%CHF 340.00CHF 200.00n/a16
Nov ’24n/a
CHF 249.50
0%
15.8%CHF 340.00CHF 195.00n/a16
Oct ’24n/a
CHF 252.81
0%
16.3%CHF 340.00CHF 195.00n/a16
Sep ’24n/a
CHF 253.59
0%
15.4%CHF 331.00CHF 195.00n/a17
Aug ’24n/a
CHF 253.59
0%
15.4%CHF 331.00CHF 195.00n/a17
Jul ’24n/a
CHF 254.76
0%
14.8%CHF 331.00CHF 195.00n/a17
Jun ’24n/a
CHF 248.91
0%
14.6%CHF 320.00CHF 180.30n/a18
May ’24n/a
CHF 257.58
0%
15.1%CHF 330.00CHF 180.30CHF 256.1016
Apr ’24n/a
CHF 257.33
0%
15.2%CHF 330.00CHF 180.30CHF 260.9016
Mar ’24n/a
CHF 258.71
0%
15.4%CHF 330.00CHF 180.30CHF 272.0016
Feb ’24n/a
CHF 258.71
0%
15.4%CHF 330.00CHF 180.30n/a16
Jan ’24n/a
CHF 286.21
0%
20.7%CHF 450.00CHF 180.30n/a16
Dec ’23n/a
CHF 291.29
0%
20.0%CHF 450.00CHF 180.30n/a15

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 Analysis2024/03/20 08:54
End of Day Share Price 2024/03/20 00:00
Earnings2023/09/30
Annual Earnings2023/03/31

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 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

Sonova Holding AG is covered by 46 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.

AnalystInstitution
Fabrice FarigouleAlphaValue
Alexander KlebanBarclays
Hassan Al-WakeelBarclays