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STOCK COMPARISON

Nestle S.A. vs Südwestdeutsche Salzwerke: Fair Value & Quality

Both stocks run through our valuation models. Here is how Nestle S.A. (NESN) and Südwestdeutsche Salzwerke (SSH) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Nestle S.A. as the less overvalued of the two: Nestle S.A. trades at CHF 77.94 versus a fair value of CHF 59.49 (-24%), while Südwestdeutsche Salzwerke trades at €63.00 versus €28.17 (-55%).
Nestle S.A.
NESN.SW · CHF · Consumer Staples
-24%
upside to fair value
overvalued
PriceCHF 77.94
Fair ValueCHF 59.49
Quality69/100
Südwestdeutsche Salzwerke
SSH.F · EUR · Consumer Staples
-55%
upside to fair value
overvalued
Price€63.00
Fair Value€28.17
Quality53/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Nestle S.A.Südwestdeutsche Salzwerke
Valuation
22.0×P/E (TTM)13.9×
24.0×Median P/E at FY-end (10 FY, reported earnings)n/a
2.91×P/S (TTM)1.97×
7.97× · book value is mostly goodwillP/B2.67×
18.1×EV/EBITDA9.5×
2.31×PEGn/a
−23.7%Fair value upside−55.3%
4.0%Dividend yield3.0%
CHF 3.10Dividend per share€1.90
Profitability
15%Operating margin15%
0.91×EBIT margin trend (5Y)1.85×
27%Return on equity17%
7%Return on assets6%
Growth
-2%Revenue growth (YoY)20%
-1.9%Avg. growth/yr (3Y)4.2%
1.1%Avg. growth/yr (5Y)6.4%
+0.0%Value creation/yr+8.5%
Balance & size
8.5×Interest coverage (EBIT/interest)10.3×
1.34×Debt / equityn/a
$262BMarket cap$753M
weakGrowth qualityexpensive
Nestle S.A., median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 24.

Südwestdeutsche Salzwerke leads: 3 to 9 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Nestle S.A.of which business quality 64 · market factors 60 Südwestdeutsche Salzwerkeof which business quality 53 · market factors 46
ProfitabilityMargins and returns on capital today
60
53
Quality GrowthAre margins and returns improving?
43
27
CashflowEarnings quality: real cash, not paper profit
67
40
Fin. StrengthBalance sheet, leverage, solvency risk
42
72
InvestmentDisciplined investing over empire-building
94
39
Low VolatilityCalm price path (market factor)
91
50
MomentumPrice trend over the last 3–12 months (market factor)
45
45
52W MomentumDistance to the 52-week high (market factor)
51
44
Net IssuanceShare count: buybacks or dilution?
94
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyNestle S.A.Price CHF 77.94Südwestdeutsche SalzwerkePrice €63.00
DCF Models-32%below the priceCHF 53.09-87%below the price€7.95
Earnings-Based-57%below the priceCHF 33.53-50%below the price€31.52
Dividend Discount-55%below the priceCHF 34.87n/a
Multiples-14%close to the priceCHF 66.73-10%close to the price€56.65
Asset-Based-89%below the priceCHF 8.55-71%below the price€18.02
Growth DCF-35%below the priceCHF 50.71n/a
Economic Profit-58%below the priceCHF 32.75-65%below the price€22.20
Growth Earnings-28%below the priceCHF 55.79-17%below the price€52.56
Minimum-89%below the priceCHF 8.55-87%below the price€7.95
Maximum-14%close to the priceCHF 66.73-10%close to the price€56.65
Median-45%below the priceCHF 42.79-57%below the price€26.86
Geometric mean-53%below the priceCHF 36.68-59%below the price€25.85

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Nestle S.A.: 23 of 24 models see the stock below the current price.

Südwestdeutsche Salzwerke: 11 of 13 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Nestle S.A.
Price CHF 77.94
Fair Value CHF 59.49
Bear CHF 36.94Bull CHF 88.51
Südwestdeutsche Salzwerke
Price €63.00
Fair Value €28.17
Bear €24.36Bull €51.41

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Nestle S.A. · Consumer Staples

Quality score69 · Top 25%
Fair value upside-24% · below median

Südwestdeutsche Salzwerke · Consumer Staples

Quality score53 · below median
Fair value upside-55% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Nestle S.A. as the less overvalued of the two: Nestle S.A. trades at CHF 77.94 versus a fair value of CHF 59.49 (-24%), while Südwestdeutsche Salzwerke trades at €63.00 versus €28.17 (-55%).

Nestle S.A. has the higher quality score (69/100).

Open Nestle S.A. live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.