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BELIMO Holding (BEAN) Fair Value & Analysis

Industrials · CH · Market cap CHF 10.0B

BH BELIMO Holding BEAN · SW
PriceCHF 859.00
Fair ValueCHF 227.18
Upside-73.6%
Quality66/100
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Healthy Growth
Solidly profitable · 16.2% net margin
Low debt · generates free cash flow
1.22% dividend yield
Mixed vs. peers (8/15)
Wide moat 78/100
Evidence: High Range CHF 134.94 – CHF 359.09 Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 15, 2026, revised from CHF 237.65 to CHF 227.18 (−4.4%) since Jul 14, 2026. Share price +1.5% over the past month.

A solid business, but screening 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 359.09). The favourable scenario is already priced in.
  • The model range is unusually wide (CHF 134.94 to CHF 359.09). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

CHF 965.50 CHF 297.14 Fair Value CHF 227.18 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range CHF 297.14 – CHF 965.50 · fair‑value band CHF 134.94 – CHF 359.09 · the CHF 859.00 price screens above the CHF 227.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

BELIMO Holding (BEAN) currently trades at CHF 859.00, while our model-based Fair Value estimate is CHF 227.18, implying the stock looks roughly 73.6% overvalued today. We read business quality at 66/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, BELIMO Holding generated revenue of CHF 1.1B at a net margin of 16.2%. Revenue grew 18.9% year over year. It earns a return on equity of 30.2%. The balance sheet holds a net cash position of CHF 54.0M. Fundamentals as of Jul 15, 2026

Our scenario range runs from CHF 134.94 (bear case) to CHF 359.09 (bull case); at CHF 859.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at -74%, BEAN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF CHF 100.59 CHF 148.05 CHF 214.90 80
Residual Income CHF 86.72 CHF 107.47 CHF 389.61 76
Rev-Margin DCF CHF 137.41 CHF 230.84 CHF 341.19 74
All 26 models by family
DCF Models
FCF DCF CHF 99.83 CHF 154.98 CHF 238.54 38
Owner Earnings CHF 132.23 CHF 206.22 CHF 318.32 31
5Y Revenue Exit CHF 137.41 CHF 232.57 CHF 357.09 39
5Y EBITDA Exit CHF 161.68 CHF 279.08 CHF 419.48 41
5Y P/E Exit CHF 166.69 CHF 288.70 CHF 420.30 38
10Y Revenue Exit CHF 117.73 CHF 200.60 CHF 317.58 36
10Y EBITDA Exit CHF 137.79 CHF 232.60 CHF 365.21 37
10Y P/E Exit CHF 140.95 CHF 239.21 CHF 365.84 35
Earnings-Based
Graham-Dodd CHF 100.41 CHF 350.85 CHF 471.69 54
Lynch FV CHF 81.66 CHF 116.65 CHF 151.65 50
PEG = 1.0 CHF 81.66 CHF 116.65 CHF 151.65 46
EPV CHF 144.34 CHF 166.35 CHF 185.33 59
Dividend Discount
Gordon GGM CHF 83.43 CHF 166.25 CHF 251.75 70
DDM Multi-Stage CHF 83.43 CHF 143.10 CHF 175.49 61
Multiples
P/E Multiple CHF 221.49 CHF 295.33 CHF 369.16 63
P/S Multiple CHF 170.86 CHF 227.81 CHF 284.76 58
P/B Multiple CHF 113.75 CHF 151.67 CHF 189.58 55
EV/EBIT CHF 257.56 CHF 341.75 CHF 425.93 53
EV/EBITDA CHF 217.81 CHF 288.75 CHF 359.69 54
EV/Revenue CHF 164.45 CHF 232.80 CHF 301.14 43
Asset-Based
NCAV (Graham) CHF 25.28 CHF 33.87 CHF 50.56 50
Growth DCF
Growth DCF CHF 100.59 CHF 148.05 CHF 214.90 80
Rev-Margin DCF CHF 137.41 CHF 230.84 CHF 341.19 74
Economic Profit
Residual Income CHF 86.72 CHF 107.47 CHF 389.61 76
ROIC Compounder CHF 154.32 CHF 190.33 CHF 230.17 72
Growth Earnings
Growth-Adj P/E CHF 192.07 CHF 274.39 CHF 356.70 68

Widest divergence: Growth Earnings (CHF 274.39) versus Asset-Based (CHF 33.87). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 1.1B
Revenue growth (YoY) +18.9%
Net margin 16.2%
Return on equity 30.2%
Free cash flow CHF 105M FY2025
P/E ratio 55.9
More key figures
Operating margin 18.7%
EPS (TTM) CHF 14.80
Dividend yield 1.2%
EPS growth (YoY) +15.6%
Net cash CHF 54.0M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 70 · Market factors (momentum, volatility) 49

Profitability 87
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

BELIMO Holding AG, together with its subsidiaries, engages in the development, production, and sale of damper actuators, control valves, sensors, and meters for heating, ventilation, and air conditioning systems (HVAC) in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Full company description

BELIMO Holding AG, together with its subsidiaries, engages in the development, production, and sale of damper actuators, control valves, sensors, and meters for heating, ventilation, and air conditioning systems (HVAC) in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It offers HVAC damper actuators, including non-fail-safe and fail-safe actuators, fast running and linear actuators, actuators for harsh environmental conditions, linear actuators, fire damper and smoke control actuators, variable air volume, valve actuators, and accessories. The company also provides various control valves, such as energy, pressure independent control, zone, characterized control, ball, butterfly valves, globe valves, valve actuators, and valve accessories. In addition, it offers measurement and monitoring sensors and meters, which include duct and outdoor sensors for air; water pipe sensors; room units; gas monitoring devices; thermal energy meters; and sensors accessories for thermowells, mounting plates, brackets, and clamps and various adapter connectors; and data centre cooling, building internet of things (IoT), and indoor air quality solutions. Further, the company provides systems solutions that includes energy valves, IoT actuators, air flow and pressure control air solutions, ZoneEase variable air volume, and system mechanical accessories, and terminal cover, as well as RetroFIT+, a product replacement tool. BELIMO Holding AG was founded in 1975 and is headquartered in Hinwil, Switzerland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BELIMO Holding reported revenue of CHF 1.1B in FY2025 versus CHF 765M in FY2021, a compound +10.0%/yr. Reported net income was CHF 182M in FY2025, compounding +11.9%/yr from FY2021.

Growth Quality 93/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
CHF 1.1B
Latest YoY
+18.7%
Avg. growth/yr (3Y)
+9.8%
Avg. growth/yr (5Y)
+11.1%
Avg. growth/yr (23Y)
+7.0%
Revenue +10.0%/yr
FY21 CHF 765M
FY22 CHF 847M
FY23 CHF 859M
FY24 CHF 944M
FY25 CHF 1.1B
Net income +11.9%/yr
FY21 CHF 116M
FY22 CHF 123M
FY23 CHF 137M
FY24 CHF 147M
FY25 CHF 182M

BEAN screens 74% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "BELIMO Holding Fair Value". https://www.fairvalue-calculator.com/stock/BEAN

Peer Group

Building Products & Equipment · 245 stocks

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.

Quality Score 66 · Top 25%
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 30% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 19% · Top 25%
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 54.9× · Pricier than 75% of peers
P/B 19.87× · Pricier than 75% of peers
P/S (TTM) 11.03× · Pricier than 75% of peers
P/FCF 117.9× · Pricier than 75% of peers
EV/EBITDA 47.1× · Pricier than 75% of peers
PEG 1.41× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 2
FUTURE 95 · sector 8
PAST 100 · sector 23
HEALTH 97 · sector 94
DIVIDEND 24 · sector 28

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is BELIMO Holding (BEAN) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of CHF 227.18 versus a price of CHF 859.00, about −74% (overvalued).
What is the fair value of BEAN?
Our model-based fair value for BELIMO Holding is CHF 227.18 (as of Jul 15, 2026), built from audited fundamentals. The current price is CHF 859.00.
What is the quality score of BEAN?
BELIMO Holding has a Quality Score of 66/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of BELIMO Holding (BEAN)?
BELIMO Holding reported trailing-twelve-month revenue of about CHF 1.1B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BEAN?
The net profit margin of BELIMO Holding is about 16.2%, meaning it keeps roughly 16.2% of revenue as net income. Based on the latest reported figures.
Does BELIMO Holding pay a dividend?
BELIMO Holding currently shows a dividend yield of about 1.24% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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