Cicor Technologies Ltd.

BATS-CHIXE:CICNZ Stock Report

Market Cap: CHF 183.5m

Cicor Technologies Valuation

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

Below Fair Value: CICNZ (CHF56.8) is trading below our estimate of fair value (CHF135.82)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CICNZ. This is calculated by dividing CICNZ's market cap by their current earnings.
What is CICNZ's PE Ratio?
PE Ratio17.9x
EarningsCHF 10.25m
Market CapCHF 183.47m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CICNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39x
GHH Gooch & Housego
100.1x72.8%UK£128.7m
SPSY Spectra Systems
22.6x2.6%UK£118.2m
KETL Strix Group
20.3x43.2%UK£145.5m
MIDW Midwich Group
13.1x-5.6%UK£293.9m
CICNZ Cicor Technologies
17.9x28.3%CHF 183.5m

Price-To-Earnings vs Peers: CICNZ is good value based on its Price-To-Earnings Ratio (17.9x) compared to the peer average (39x).

Price to Earnings Ratio vs Industry

How does CICNZ's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies17PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CICNZ is good value based on its Price-To-Earnings Ratio (17.9x) compared to the European Electronic industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is CICNZ'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.

CICNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.9x
Fair PE Ratio26.7x

Price-To-Earnings vs Fair Ratio: CICNZ is good value based on its Price-To-Earnings Ratio (17.9x) compared to the estimated Fair Price-To-Earnings Ratio (26.7x).

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 CICNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 56.80
CHF 77.98
+37.3%
8.5%CHF 85.90CHF 70.00n/a4
Nov ’25CHF 52.00
CHF 78.23
+50.4%
7.9%CHF 85.90CHF 70.00n/a4
Oct ’25CHF 52.60
CHF 78.23
+48.7%
7.9%CHF 85.90CHF 70.00n/a4
Sep ’25CHF 51.00
CHF 78.23
+53.4%
7.9%CHF 85.90CHF 70.00n/a4
Aug ’25CHF 52.80
CHF 71.15
+34.8%
12.5%CHF 82.00CHF 57.60n/a4
Jul ’25CHF 52.20
CHF 69.40
+33.0%
11.4%CHF 80.00CHF 57.60n/a4
Jun ’25CHF 50.60
CHF 69.40
+37.2%
11.4%CHF 80.00CHF 57.60n/a4
May ’25CHF 50.20
CHF 69.63
+38.7%
10.9%CHF 80.00CHF 58.50n/a4
Apr ’25CHF 50.80
CHF 69.63
+37.1%
10.9%CHF 80.00CHF 58.50n/a4
Mar ’25CHF 51.40
CHF 67.63
+31.6%
10.2%CHF 78.00CHF 58.50n/a4
Feb ’25CHF 50.40
CHF 67.63
+34.2%
10.2%CHF 78.00CHF 58.50n/a4
Jan ’25CHF 49.90
CHF 67.63
+35.5%
10.2%CHF 78.00CHF 58.50n/a4
Dec ’24CHF 46.90
CHF 63.63
+35.7%
7.8%CHF 70.00CHF 58.50n/a4
Nov ’24CHF 43.80
CHF 63.63
+45.3%
7.8%CHF 70.00CHF 58.50CHF 52.004
Oct ’24CHF 44.70
CHF 62.00
+38.7%
12.1%CHF 70.00CHF 52.00CHF 52.603
Sep ’24n/a
CHF 62.00
0%
12.1%CHF 70.00CHF 52.00CHF 51.003
Aug ’24CHF 44.60
CHF 62.00
+39.0%
12.1%CHF 70.00CHF 52.00CHF 52.803
Jul ’24CHF 43.20
CHF 62.33
+44.3%
12.2%CHF 70.00CHF 52.00CHF 52.203
Jun ’24CHF 43.20
CHF 62.33
+44.3%
12.2%CHF 70.00CHF 52.00CHF 50.603
May ’24CHF 44.60
CHF 62.33
+39.8%
12.2%CHF 70.00CHF 52.00CHF 50.203
Apr ’24CHF 45.60
CHF 62.33
+36.7%
12.2%CHF 70.00CHF 52.00CHF 50.803
Mar ’24CHF 45.00
CHF 60.67
+34.8%
12.1%CHF 70.00CHF 52.00CHF 51.403
Feb ’24CHF 48.00
CHF 65.00
+35.4%
7.7%CHF 70.00CHF 60.00CHF 50.402
Jan ’24n/a
CHF 65.00
0%
7.7%CHF 70.00CHF 60.00CHF 49.902
Dec ’23n/a
CHF 65.00
0%
7.7%CHF 70.00CHF 60.00CHF 46.902

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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