Cicor Technologies Ltd (CICN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cicor Technologies Ltd stock CHF 109, price CHF 132, that is 18.0% below the price, quality 50 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range CHF 40.60 – CHF 221.00 · fair‑value band CHF 81.39 – CHF 135.65 · the CHF 132.40 price screens above the CHF 108.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Cicor Technologies Ltd., together with its subsidiaries, develops, and manufactures electronic components, devices, and systems internationally.
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The company operates in two segments: Electronic Manufacturing Services (EMS) and Advanced Substrates (AS). It offers engineering services, such as test engineering, product, test development, and process engineering services; electronic manufacturing services, including printed circuit board (PCB) assembly, cable assembly, box building, and microelectronic assembly; precision plastics, such as tool design and fabrication, plastic injection molding, and 3D-MID technology; hybrid circuits that include thin-film and thick-film substrates; PCBs comprises flexible, rigid-flexible, rigid, and DenciTec PCBs; AC/DC and DC/DC power solutions; and printed electronics.
The company also provides porototyping shops; and outsourcing solutions for the development and manufacture of electronic assemblies, as well as complete devices and systems. It serves industrial, health care, aerospace and defense, wearables, and building technologies markets.
The company was formerly known as Cicorel Holding SA and changed its name to Cicor Technologies Ltd. in 2005. Cicor Technologies Ltd. was founded in 1966 and is based in Bronschhofen, Switzerland.
Stock analysis
Cicor Technologies Ltd (CICN) currently trades at CHF 132.40, while our model-based Fair Value estimate is CHF 108.52, 18% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of CHF 209.29 per share, and 12 of the 24 models we run sit above the CHF 132.40 price.
Bear case: the Asset-Based group reads lowest at CHF 15.03, and 12 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: CHF 81.39 (bear) to CHF 135.65 (bull), the price of CHF 132.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Cicor Technologies Ltd reported revenue of CHF 616M in FY2025 versus CHF 239M in FY2021, a compound +26.7%/yr. Reported net income was CHF 16.9M in FY2025, compounding +22.6%/yr from FY2021.
Key figures
Market cap CHF 602M Small · P/E ratio 40.4 · P/S ratio 0.90 · EPS (TTM) CHF 3.28 · Net margin 2.2% · Return on equity 9.6% · Return on assets (EBIT) 5.6% (5-year average) · Operating margin 3.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 30% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −18%, CICN screens richer than that median.
Fair Value models
BearCHF 81.39Fair Value CHF 108.52BullCHF 135.65
Price CHF 132.40 · Downside -18.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (CHF 2.80 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+28.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.5%
Start year 2020 (pandemic). Over 10 years: +13.1% a year
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +10.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.8%
Dividend (yield on the price)0.0%
Per share before 2009divided by the spin-off factor 1.1008
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.8% vs 13.0%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 174% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Switzerland: IMF forecast 0.6% a year to 2030, 0.8% from 2016 to 2025) that is about +2.2% a year for the price and +9.7% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Components · 649 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−18.0% · Above median
Profitability
Return on equity (12 months)9.6% · Above median
Return on assets3.0% · Below median
Net margin (12 months)2.2% · Below median
Operating margin (12 months)3.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)19.0% · Above median
Balance sheet
Debt / equity0.86× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is Cicor Technologies Ltd (CICN) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of CHF 108.52 versus a price of CHF 132.40, about 18% lower (overvalued).
What is the fair value of CICN?
Our model-based fair value for Cicor Technologies Ltd is CHF 108.52 (as of Nov 7, 2026), built from audited fundamentals. The current price: CHF 132.40.
What is the quality score of CICN?
Cicor Technologies Ltd has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cicor Technologies Ltd (CICN)?
Our model-based price target is the fair value of CHF 108.52 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario CHF 81.39, optimistic scenario CHF 135.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Cicor Technologies Ltd stock forecast for 2026?
Our models put fair value at CHF 108.52, about 18% lower versus a price of CHF 132.40 (overvalued). Cautious scenario CHF 81.39, optimistic scenario CHF 135.65. The calculation is refreshed regularly with new filings.
What is the revenue of Cicor Technologies Ltd (CICN)?
Cicor Technologies Ltd reported trailing-twelve-month revenue of about CHF 670M (latest available figure, as of Nov 7, 2026).
What growth is priced into Cicor Technologies Ltd (CICN)?
For today's price to be fair in a discounted-cash-flow model, Cicor Technologies Ltd would have to grow free cash flow by +2.8 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CICN use?
Our models discount Cicor Technologies Ltd at 10.1 %: a base by market capitalisation (small), damped by beta 0.67, country premium for Switzerland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cicor Technologies Ltd that is +2.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Cicor Technologies Ltd (CICN) delivered so far?
Over the past 5 years revenue at Cicor Technologies Ltd grew +23.5 % a year. The price currently implies free-cash-flow growth of +2.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cicor Technologies Ltd (CICN) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Cicor Technologies Ltd (+2.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cicor Technologies Ltd (CICN)?
The free-cash-flow yield on the price is 8.29 %: that much free cash flow Cicor Technologies Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cicor Technologies Ltd (CICN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cicor Technologies Ltd it is CHF 108.52 per share (as of Nov 7, 2026), against a price of CHF 132.40. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Cicor Technologies Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CICN trades above its calculated fair value: price CHF 132.40, fair value CHF 108.52, a gap of about −18% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CICN?
No. The price is what the market pays today (CHF 132.40); the fair value is what the company's own numbers justify (CHF 108.52). For Cicor Technologies Ltd the two are CHF 23.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cicor Technologies Ltd worth?
The market values Cicor Technologies Ltd at about CHF 602M (market capitalisation, as of Nov 7, 2026). Per share that is CHF 132.40; our models calculate a fair value of CHF 108.52 per share.
What do the bullish and bearish scenarios say about CICN?
Our models span a range for Cicor Technologies Ltd: cautious scenario CHF 81.39, base CHF 108.52, optimistic CHF 135.65 per share (as of Nov 7, 2026, price CHF 132.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CICN?
Cicor Technologies Ltd trades at a price-to-earnings ratio of 40.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 108.52 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 29.3. Other multiples: P/B 4.0, P/S 0.9, EV/EBITDA 11.6.
How solid is the balance sheet of Cicor Technologies Ltd (CICN)?
Balance-sheet figures for Cicor Technologies Ltd (as of Nov 7, 2026): return on equity 9.6%, debt of 0.86 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is CICN from its 52-week high?
Cicor Technologies Ltd trades at CHF 132.40, about 30% below its 52-week high of CHF 188.50 and 19% above the low of CHF 111.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 108.52 is for.
Which stocks are comparable to Cicor Technologies Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cicor Technologies Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price CHF 132.40, calculated fair value CHF 108.52 (−18%), Quality Score 50/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CICN calculated?
We run Cicor Technologies Ltd through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of CHF 108.52 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Cicor Technologies Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cicor Technologies Ltd (CICN)?
The closing price on Nov 6, 2026 was CHF 132.40. Our model-based fair value is CHF 108.52, about 18% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cicor Technologies Ltd right now?
Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Cicor Technologies Ltd (CICN) come from?
Earnings per share at Cicor Technologies Ltd grew +14.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.6 %, EBIT margin +5.9 %, tax rate −0.1 %, residual (interest, one-offs) +2.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Cicor Technologies Ltd
How large is the market capitalisation of Cicor Technologies Ltd (CICN)?
The market capitalisation of Cicor Technologies Ltd is CHF 602M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cicor Technologies Ltd (CICN)?
The price-to-sales ratio of Cicor Technologies Ltd is 0.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cicor Technologies Ltd (CICN)?
Earnings per share at Cicor Technologies Ltd are CHF 3.28 (price ÷ EPS = P/E 40.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cicor Technologies Ltd (CICN)?
The net margin of Cicor Technologies Ltd is 2.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cicor Technologies Ltd (CICN)?
The return on equity (ROE) of Cicor Technologies Ltd is 9.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cicor Technologies Ltd (CICN)?
On an EBIT basis the return on assets of Cicor Technologies Ltd is 5.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cicor Technologies Ltd (CICN)?
The operating margin of Cicor Technologies Ltd is 3.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cicor Technologies Ltd (CICN)?
Revenue at Cicor Technologies Ltd is growing +19.0% versus a year earlier (3y avg +25.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cicor Technologies Ltd (CICN)?
Earnings per share at Cicor Technologies Ltd are growing −23.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cicor Technologies Ltd (CICN) carry?
The net debt of Cicor Technologies Ltd is CHF 70.5M (fiscal year 2025, ≈ 1.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 7, 2026