ALSO Holding AG

LSE:0QLW Stock Report

Market Cap: CHF 2.6b

ALSO Holding Valuation

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

Below Fair Value: 0QLW (CHF216.59) is trading below our estimate of fair value (CHF333.79)

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

Key Valuation Metric

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

Key metric: As 0QLW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QLW. This is calculated by dividing 0QLW's market cap by their current earnings.
What is 0QLW's PE Ratio?
PE Ratio24.3x
Earnings€116.36m
Market Cap€2.83b

Price to Earnings Ratio vs Peers

How does 0QLW's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QLW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43x
MIDW Midwich Group
27.9x10.54%UK£192.7m
RSW Renishaw
30.2x16.05%UK£2.5b
OXIG Oxford Instruments
75.1x40.23%UK£1.2b
HLMA Halma
39x8.81%UK£13.5b
0QLW ALSO Holding
24.3x23.68%CHF 2.6b

Price-To-Earnings vs Peers: 0QLW is good value based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (43x).

Price to Earnings Ratio vs Industry

How does 0QLW's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0QLW 24.3xIndustry Avg. 22.8xNo. of Companies15PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QLW is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the European Electronic industry average (22.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0QLW'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.

0QLW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ratio37.6x

Price-To-Earnings vs Fair Ratio: 0QLW is good value based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (37.6x).

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 0QLW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 216.59
CHF 315.29
+45.57%
9.13%CHF 368.23CHF 271.87n/a6
Dec ’26CHF 220.50
CHF 321.12
+45.63%
7.20%CHF 369.63CHF 301.09n/a6
Nov ’26CHF 230.81
CHF 321.12
+39.13%
7.20%CHF 369.63CHF 301.09n/a6
Oct ’26CHF 240.59
CHF 322.03
+33.85%
7.20%CHF 370.68CHF 301.95n/a6
Sep ’26CHF 255.96
CHF 322.03
+25.81%
7.20%CHF 370.68CHF 301.95n/a6
Aug ’26CHF 246.50
CHF 307.88
+24.90%
2.76%CHF 319.66CHF 299.76n/a4
Jul ’26CHF 264.93
CHF 301.49
+13.80%
11.37%CHF 338.00CHF 238.04n/a5
Jun ’26CHF 260.24
CHF 308.58
+18.57%
11.30%CHF 346.50CHF 244.03n/a5
May ’26CHF 251.50
CHF 308.58
+22.70%
11.30%CHF 346.50CHF 244.03n/a5
Apr ’26CHF 255.00
CHF 307.24
+20.49%
11.30%CHF 345.02CHF 242.99n/a5
Mar ’26CHF 278.51
CHF 299.29
+7.46%
12.55%CHF 339.57CHF 239.15n/a4
Feb ’26CHF 254.00
CHF 285.93
+12.57%
13.88%CHF 341.60CHF 245.19n/a4
Jan ’26CHF 224.00
CHF 281.72
+25.77%
14.46%CHF 336.52CHF 240.17n/a4
Dec ’25CHF 235.00
CHF 281.72
+19.88%
14.46%CHF 336.52CHF 240.17CHF 220.504
Nov ’25CHF 228.50
CHF 281.88
+23.36%
6.46%CHF 305.17CHF 260.74CHF 230.813
Oct ’25CHF 269.50
CHF 275.17
+2.10%
3.36%CHF 282.25CHF 262.09CHF 240.593
Sep ’25CHF 254.50
CHF 276.32
+8.57%
2.72%CHF 285.02CHF 264.67CHF 255.964
Aug ’25CHF 266.50
CHF 276.32
+3.69%
2.72%CHF 285.02CHF 264.67CHF 246.504
Jul ’25CHF 276.50
CHF 291.65
+5.48%
5.43%CHF 313.22CHF 269.90CHF 264.934
Jun ’25CHF 262.00
CHF 291.65
+11.32%
5.43%CHF 313.22CHF 269.90CHF 260.244
May ’25CHF 227.00
CHF 282.73
+24.55%
4.18%CHF 300.71CHF 270.02CHF 251.504
Apr ’25CHF 234.34
CHF 282.73
+20.65%
4.18%CHF 300.71CHF 270.02CHF 255.004
Mar ’25CHF 232.49
CHF 282.73
+21.61%
4.18%CHF 300.71CHF 270.02CHF 278.514
Feb ’25CHF 256.53
CHF 284.54
+10.92%
3.71%CHF 296.89CHF 269.73CHF 254.004
Jan ’25CHF 252.50
CHF 277.00
+9.71%
4.60%CHF 297.38CHF 258.62CHF 224.005
Dec ’24CHF 241.50
CHF 267.24
+10.66%
8.09%CHF 297.20CHF 232.18CHF 235.005
CHF 317.63
Fair Value
31.8% undervalued intrinsic discount
6
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/19 04:08
End of Day Share Price 2025/12/19 00:00
Earnings2025/06/30
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

ALSO Holding AG is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerhard SchwarzBaader Helvea Equity Research
Knut WollerBaader Helvea Equity Research
Nicole WinklerBerenberg