Asmallworld AG (ASWN) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Asmallworld AG CHF 1.43, price CHF 0.71, upside +101.4%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range CHF 0.5450 – CHF 4.10 · fair‑value band CHF 0.9000 – CHF 2.35 · the CHF 0.7100 price screens below the CHF 1.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Asmallworld AG operates a digital travel and lifestyle ecosystem worldwide. It operates through two segments, Subscriptions and Services.
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Asmallworld AG operates a digital travel and lifestyle ecosystem worldwide. It operates through two segments, Subscriptions and Services. The company offers ASMALLWORLD Collection, an online hotel booking engine focused on hotels, as well as offers ASMALLWORLD VIP Rate that allows travel benefits; ASMALLWORLD Bespoke Travel, a travel agency offering personalized travel curation services; ASW Hospitality, which provides hotel management and consulting services; First Class & More, a subscription-based luxury travel service; The World's Finest Clubs, a nightlife concierge that provides its members VIP access to nightlife venues; ASMALLWORLD DISCOVERY, which provides hotels with the opportunity to join the GHA DISCOVERY loyalty network; Jetbeds, a booking tool for first- and business-class flights; ASMALLWORLD EVENTS, which organizes, manages, and executes events; and ASW Travel, a travel agency with online booking portal. The company was founded in 2004 and is headquartered in Zurich, Switzerland. Asmallworld AG operates as a subsidiary of Pellegrino Capital AG.
Stock analysis
Asmallworld AG (ASWN) currently trades at CHF 0.7100, while our model-based Fair Value estimate is CHF 1.43, implying the stock looks roughly 50.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of CHF 2.05 per share, and 12 of the 13 models we run sit above the CHF 0.7100 price.
Bear case: the Asset-Based group reads lowest at CHF 0.1800, and 1 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: CHF 0.9000 (bear) to CHF 2.35 (bull), the price of CHF 0.7100 sits below 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 48/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Asmallworld AG reported revenue of CHF 19.1M in FY2025 versus CHF 15.6M in FY2021, a compound +5.1%/yr. Reported net income was −CHF 222K in FY2025.
Key figures
Market cap CHF 10.3M · P/S ratio 0.44 · EPS (TTM) CHF −0.0200 · Net margin −1.2% · Return on equity −5.7% · Return on assets (EBIT) 15.7% · Operating margin 1.6% · Revenue (TTM) CHF 19.1M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 101%, ASWN screens cheaper than that median.
Fair Value models
Bear CHF 0.9000Fair Value CHF 1.43Bull CHF 2.35
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.46/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.6%
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.
+1.1%
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.
+9.7%
Start year 2020 (pandemic). Over 10 years: +16.8% a year
Revenue growth 10 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.
+16.8%
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Profit margin (trend) ⓘ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.
6.8% (2019) → 3.4% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+2.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Switzerland: IMF forecast 0.6% a year to 2030, 0.8% from 2016 to 2025) that is about +2.0% a year for the price.
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.Travel Services · 88 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+101.4% · Top 25%
Profitability
Return on assets1.1% · Bottom 25%
Net margin (TTM)−1.2% · Bottom 25%
Operating margin (TTM)1.6% · Below median
Growth and dividend
Revenue growth12.7% · Above median
Balance sheet
Debt / equity0.63× · Highest 25%
Valuation Multiplesvs Travel Services 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). "Asmallworld AG Fair Value". https://www.fairvalue-calculator.com/stock/ASWN
Frequently asked questions
Is Asmallworld AG (ASWN) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of CHF 1.43 versus a price of CHF 0.7100, about +101% upside (undervalued).
What is the fair value of ASWN?
Our model-based fair value for Asmallworld AG is CHF 1.43 (as of Sep 27, 2026), built from audited fundamentals. The current price: CHF 0.7100.
What is the quality score of ASWN?
Asmallworld AG has a Quality Score of 48/100. 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 Asmallworld AG (ASWN)?
Our model-based price target is the fair value of CHF 1.43 (as of Sep 27, 2026) from 13 valuation models. Cautious scenario CHF 0.9000, optimistic scenario CHF 2.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Asmallworld AG stock forecast for 2026?
Our models put fair value at CHF 1.43, about +101% upside versus a price of CHF 0.7100 (undervalued). Cautious scenario CHF 0.9000, optimistic scenario CHF 2.35. The calculation is refreshed regularly with new filings.
What is the revenue of Asmallworld AG (ASWN)?
Asmallworld AG reported trailing-twelve-month revenue of about CHF 19.1M (latest available figure, as of Sep 27, 2026).
What growth is priced into Asmallworld AG (ASWN)?
For today's price to be fair in a discounted-cash-flow model, Asmallworld AG would have to grow free cash flow by +2.6 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.7 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of ASWN use?
Our models discount Asmallworld AG at 9.4 %: a base by market capitalisation (nano), damped by beta 0.95, 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 Asmallworld AG that is +2.6 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Asmallworld AG (ASWN) delivered so far?
Over the past 5 years revenue at Asmallworld AG grew +9.7 % a year. The price currently implies +2.6 % per year free-cash-flow growth a 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 Asmallworld AG (ASWN) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Asmallworld AG (+2.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Asmallworld AG (ASWN)?
The free-cash-flow yield on the price is 7.78 %: that much free cash flow Asmallworld AG produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Asmallworld AG (ASWN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asmallworld AG it is CHF 1.43 per share (as of Sep 27, 2026), against a price of CHF 0.7100. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Asmallworld AG stock overvalued or undervalued in 2026?
As of Sep 27, 2026, ASWN trades below its calculated fair value: price CHF 0.7100, fair value CHF 1.43, a gap of about +101% (undervalued). 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 ASWN?
No. The price is what the market pays today (CHF 0.7100); the fair value is what the company's own numbers justify (CHF 1.43). For Asmallworld AG the two are CHF 0.7200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Asmallworld AG worth?
The market values Asmallworld AG at about CHF 10.3M (market capitalisation, as of Sep 27, 2026). Per share that is CHF 0.7100; our models calculate a fair value of CHF 1.43 per share.
What do the bullish and bearish scenarios say about ASWN?
Our models span a range for Asmallworld AG: cautious scenario CHF 0.9000, base CHF 1.43, optimistic CHF 2.35 per share (as of Sep 27, 2026, price CHF 0.7100). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Asmallworld AG (ASWN)?
Balance-sheet figures for Asmallworld AG (as of Sep 27, 2026): return on equity −5.7%, debt of 0.63 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is ASWN from its 52-week high?
Asmallworld AG trades at CHF 0.7100, about 21% below its 52-week high of CHF 0.9000 and 30% above the low of CHF 0.5450 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 1.43 is for.
Which stocks are comparable to Asmallworld AG?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, 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 Asmallworld AG stock attractive at the current price?
The data as of Sep 27, 2026: price CHF 0.7100, calculated fair value CHF 1.43 (+101%), Quality Score 48/100, from 13 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 ASWN calculated?
We run Asmallworld AG through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of CHF 1.43, 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 13.9 % above its aggregate fair value. Asmallworld AG currently trades 101 % 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 Asmallworld AG (ASWN)?
The closing price on Sep 25, 2026 was CHF 0.7100. Our model-based fair value is CHF 1.43, about +101% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asmallworld AG right now?
The price is below even our cautious bear case (CHF 0.9000). The market is more pessimistic than our downside scenario. The model range is unusually wide (CHF 0.9000 to CHF 2.35). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Asmallworld AG
How large is the market capitalisation of Asmallworld AG (ASWN)?
The market capitalisation of Asmallworld AG is CHF 10.3M. 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 Asmallworld AG (ASWN)?
The price-to-sales ratio of Asmallworld AG is 0.44 (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 Asmallworld AG (ASWN)?
Earnings per share at Asmallworld AG are CHF −0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Asmallworld AG (ASWN)?
The net margin of Asmallworld AG is −1.2% (fiscal year 2025). 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 Asmallworld AG (ASWN)?
The return on equity (ROE) of Asmallworld AG is −5.7% (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 Asmallworld AG (ASWN)?
On an EBIT basis the return on assets of Asmallworld AG is 15.7% (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 Asmallworld AG (ASWN)?
The operating margin of Asmallworld AG is 1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asmallworld AG (ASWN)?
Revenue at Asmallworld AG is growing +12.7% versus a year earlier (3y avg +1.1%). 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 Asmallworld AG (ASWN)?
Earnings per share at Asmallworld AG are growing −95.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Asmallworld AG (ASWN) carry?
The net debt of Asmallworld AG is CHF 1.5M (fiscal year 2025, ≈ 1.9 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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