Alpine Select AG (ALPN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Alpine Select AG stock CHF 9.63, price CHF 8.85, upside +8.8%, quality 78 out of 100. Rating: fairly valued. Calculated from audited financials with 6 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 8, 2026.
How to read this chart
60‑month range CHF 6.16 – CHF 9.45 · fair‑value band CHF 8.22 – CHF 13.26 · the CHF 8.85 price screens below the CHF 9.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Alpine Select AG is a publicly owned hedge fund manager. It provides its services to institutional and individual investors. It invests in the public equity markets across the globe. It invests in diversified alternative investment portfolios.
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The firm employs discount-, risk- arbitrage, tactical exploitation strategies. Alpine Select AG was founded in September 1997 and is based in Zug, Switzerland.
Stock analysis
Alpine Select AG (ALPN) currently trades at CHF 8.85, while our model-based Fair Value estimate is CHF 9.63, so the stock looks roughly fairly valued today (gap 8.1%).
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Valuation
Bull case: the Earnings-Based group reads highest at a median of CHF 50.50 per share, and 5 of the 6 models we run sit above the CHF 8.85 price.
Bear case: the Asset-Based group reads lowest at CHF 6.09, and 1 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: CHF 8.22 (bear) to CHF 13.26 (bull), the price of CHF 8.85 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 78/100 (high quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Alpine Select AG reported revenue of CHF 12.6M in FY2025 versus CHF 28.2M in FY2021, a compound −18.2%/yr. Reported net income was CHF 10.3M in FY2025, compounding −18.3%/yr from FY2021.
Key figures
Market cap CHF 74.5M Micro · P/E ratio 5.4 · P/S ratio 4.40 · EPS (TTM) CHF 1.63 · Dividend yield 6.8% · Net margin 81.7% · Return on equity 19.2% · Return on assets (EBIT) 0.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 9% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 9%, ALPN screens cheaper than that median.
Fair Value models
BearCHF 8.22Fair Value CHF 9.63BullCHF 13.26
Price CHF 8.85 · Upside +8.8%
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 0.8833 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.43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+392.9%
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.
+7.1%
Start year 2020 (pandemic)
Revenue growth 23 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.
−1.9%
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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.
+4.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.1%
Dividend (yield on the price)6.8%
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.−2.1% vs 0.7%, steady
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.76% → 87%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 15.8%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Asset Management · 587 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+8.8% · Below median
Profitability
Return on equity (12 months)19.2% · Above median
Return on assets13.0% · Top 25%
Net margin (12 months)81.7% · Top 25%
Operating margin (12 months)85.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)216.7% · Top 25%
Dividend yield (12 months)6.8% · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Alpine Select AG Fair Value". https://www.fairvalue-calculator.com/stock/ALPN
Frequently asked questions
Is Alpine Select AG (ALPN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of CHF 9.63 versus a price of CHF 8.85, about +9% upside (fairly valued).
What is the fair value of ALPN?
Our model-based fair value for Alpine Select AG is CHF 9.63 (as of Nov 8, 2026), built from audited fundamentals. The current price: CHF 8.85.
What is the quality score of ALPN?
Alpine Select AG has a Quality Score of 78/100. 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 Alpine Select AG (ALPN)?
Our model-based price target is the fair value of CHF 9.63 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario CHF 8.22, optimistic scenario CHF 13.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Alpine Select AG stock forecast for 2026?
Our models put fair value at CHF 9.63, about +9% upside versus a price of CHF 8.85 (fairly valued). Cautious scenario CHF 8.22, optimistic scenario CHF 13.26. The calculation is refreshed regularly with new filings.
What is the revenue of Alpine Select AG (ALPN)?
Alpine Select AG reported trailing-twelve-month revenue of about CHF 16.9M (latest available figure, as of Nov 8, 2026).
Does Alpine Select AG pay a dividend?
Alpine Select AG currently shows a dividend yield of 6.78% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Alpine Select AG (ALPN) and when is the ex-dividend date?
Alpine Select AG pays a dividend of CHF 0.6 per share a year, a dividend yield of 6.8%. The last ex-dividend date was Jun 2, 2026. The payout ratio is 36.8% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Alpine Select AG (ALPN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alpine Select AG it is CHF 9.63 per share (as of Nov 8, 2026), against a price of CHF 8.85. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Alpine Select AG stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ALPN trades below its calculated fair value: price CHF 8.85, fair value CHF 9.63, a gap of about +9% (fairly valued). 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 ALPN?
No. The price is what the market pays today (CHF 8.85); the fair value is what the company's own numbers justify (CHF 9.63). For Alpine Select AG the two are CHF 0.7800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Alpine Select AG worth?
The market values Alpine Select AG at about CHF 74.5M (market capitalisation, as of Nov 8, 2026). Per share that is CHF 8.85; our models calculate a fair value of CHF 9.63 per share.
What do the bullish and bearish scenarios say about ALPN?
Our models span a range for Alpine Select AG: cautious scenario CHF 8.22, base CHF 9.63, optimistic CHF 13.26 per share (as of Nov 8, 2026, price CHF 8.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALPN?
Alpine Select AG trades at a price-to-earnings ratio of 5.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 9.63 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 10.6. Other multiples: P/B 1.0, P/S 4.4, EV/EBITDA 6.8.
How solid is the balance sheet of Alpine Select AG (ALPN)?
Balance-sheet figures for Alpine Select AG (as of Nov 8, 2026): return on equity 19.2%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is ALPN from its 52-week high?
Alpine Select AG trades at CHF 8.85, about 6% below its 52-week high of CHF 9.45 and 9% above the low of CHF 8.11 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 9.63 is for.
Which stocks are comparable to Alpine Select AG?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, 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 Alpine Select AG stock attractive at the current price?
The data as of Nov 8, 2026: price CHF 8.85, calculated fair value CHF 9.63 (+9%), Quality Score 78/100, from 6 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 ALPN calculated?
We run Alpine Select AG through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of CHF 9.63 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 13.3% above its aggregate fair value. Alpine Select AG currently trades 8% below its own fair value, and the market average says nothing about that. 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 Alpine Select AG (ALPN)?
The closing price on Nov 6, 2026 was CHF 8.85. Our model-based fair value is CHF 9.63, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alpine Select AG right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Alpine Select AG (ALPN) come from?
Earnings per share at Alpine Select AG grew −5.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share −3.8 %, EBIT margin −1.5 %, tax rate +0.0 %, residual (interest, one-offs) +0.0 %. 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 Alpine Select AG
How large is the market capitalisation of Alpine Select AG (ALPN)?
The market capitalisation of Alpine Select AG is CHF 74.5M. 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 Alpine Select AG (ALPN)?
The price-to-sales ratio of Alpine Select AG is 4.40 (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 Alpine Select AG (ALPN)?
Earnings per share at Alpine Select AG are CHF 1.63 (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alpine Select AG (ALPN)?
The dividend yield of Alpine Select AG is 6.8% (payout 36.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Alpine Select AG (ALPN)?
The net margin of Alpine Select AG is 81.7% (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 Alpine Select AG (ALPN)?
The return on equity (ROE) of Alpine Select AG is 19.2% (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 Alpine Select AG (ALPN)?
On an EBIT basis the return on assets of Alpine Select AG is 0.5% (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 Alpine Select AG (ALPN)?
The operating margin of Alpine Select AG is 85.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alpine Select AG (ALPN)?
Revenue at Alpine Select AG is growing +217% versus a year earlier. 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 Alpine Select AG (ALPN)?
Earnings per share at Alpine Select AG are growing +294% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Alpine Select AG (ALPN) generate?
The free cash flow of Alpine Select AG is −CHF 1.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Alpine Select AG (ALPN) carry?
The net debt of Alpine Select AG is CHF 2.0M (fiscal year 2025). 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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Nov 8, 2026