Burkhalter Holding AG (BRKN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Burkhalter Holding AG CHF 97.81, price CHF 125, upside -21.5%, quality 72 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 24, 2026.
How to read this chart
60‑month range CHF 50.35 – CHF 187.38 · fair‑value band CHF 73.36 – CHF 139.10 · the CHF 124.60 price screens above the CHF 97.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Burkhalter Holding AG, through its subsidiaries, provides electrical engineering services to the construction sector primarily in Switzerland.
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Burkhalter Holding AG, through its subsidiaries, provides electrical engineering services to the construction sector primarily in Switzerland. The company offers installations services for single-family homes and residential developments, industrial and commercial enterprises, public buildings, hotels and infrastructure facilities, etc.; automation solutions to control technical equipment, such as lighting, blinds, heating, ventilation, and multimedia and security technology; and switchboards. It also provides radiators, heated towel rails, convectors, underfloor heating, air heaters, and water heating systems; ventilation and air-conditioning systems; water and wastewater, gas installations, compressed air equipment, and pre-wall installations; and roofing services. In addition, the company offers cladding, roof edges, edging, gutters, and drain pipes; and plant engineering solution for biopharmaceutical, chemical and production plants, as well as construction of power plant, as well as sludge removal and flushing of heating systems; repairs and upkeep of heating systems, pumps, and valves; burner service; and service subscriptions and maintenance. Further, it is involved in providing energy advice and concepts; planning of building technology systems; planning of electrical systems and building automation; advice, planning, and installation of district heating networks for sites, districts and communities; water supply and disposal; and gas supply. The company was formerly known as Ernst Burkhalter Ing. Burkhalter Holding AG was founded in 1959 and is based in Zurich, Switzerland.
Stock analysis
Burkhalter Holding AG (BRKN) currently trades at CHF 124.60, while our model-based Fair Value estimate is CHF 97.81, implying the stock looks roughly 27.4% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of CHF 112.63 per share, and 4 of the 26 models we run sit above the CHF 124.60 price.
Bear case: the Economic Profit group reads lowest at CHF 34.42, and 22 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: CHF 73.36 (bear) to CHF 139.10 (bull), the price of CHF 124.60 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 72/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Burkhalter Holding AG reported revenue of CHF 1.2B in FY2025 versus CHF 549M in FY2021, a compound +21.7%/yr. Reported net income was CHF 61.3M in FY2025, compounding +26.6%/yr from FY2021.
Key figures
Market cap CHF 1.5B · P/E ratio 21.6 · P/S ratio 1.10 · EPS (TTM) CHF 5.78 · Dividend yield 2.1% · Net margin 5.1% · Return on equity 44.7% · Return on assets (EBIT) 13.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −22%, BRKN screens cheaper than that median.
Fair Value models
Bear CHF 73.36Fair Value CHF 97.81Bull CHF 139.10
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (CHF 2.33 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.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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.9%
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.
+16.6%
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.
+19.0%
Start year 2020 (pandemic). Over 10 years: +8.9% a year
Revenue growth 18 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.
+6.3%
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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.
+11.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.2%
Dividend (yield on the price)2.1%
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.9% vs 0%, picking up
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% → 6%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what 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).
+1.0%
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.
+3.3%
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 +0.4% a year for the price and +2.7% 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.Engineering & Construction · 836 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−22% · Below median
Profitability
Return on equity (TTM)45% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)5% · Above median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)2.1% · Above median
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Burkhalter Holding AG Fair Value". https://www.fairvalue-calculator.com/stock/BRKN
Frequently asked questions
Is Burkhalter Holding AG (BRKN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of CHF 97.81 versus a price of CHF 124.60, about −22% upside (overvalued).
What is the fair value of BRKN?
Our model-based fair value for Burkhalter Holding AG is CHF 97.81 (as of Sep 24, 2026), built from audited fundamentals. The current price: CHF 124.60.
What is the quality score of BRKN?
Burkhalter Holding AG has a Quality Score of 72/100. 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 Burkhalter Holding AG (BRKN)?
Our model-based price target is the fair value of CHF 97.81 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario CHF 73.36, optimistic scenario CHF 139.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Burkhalter Holding AG stock forecast for 2026?
Our models put fair value at CHF 97.81, about −22% upside versus a price of CHF 124.60 (overvalued). Cautious scenario CHF 73.36, optimistic scenario CHF 139.10. The calculation is refreshed regularly with new filings.
What is the revenue of Burkhalter Holding AG (BRKN)?
Burkhalter Holding AG reported trailing-twelve-month revenue of about CHF 1.2B (latest available figure, as of Sep 24, 2026).
Does Burkhalter Holding AG pay a dividend?
Burkhalter Holding AG currently shows a dividend yield of about 2.09% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Burkhalter Holding AG (BRKN)?
For today's price to be fair in a discounted-cash-flow model, Burkhalter Holding AG would have to grow free cash flow by +1.0 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BRKN use?
Our models discount Burkhalter Holding AG at 9.6 %: a base by market capitalisation (small), damped by beta 0.49, 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 Burkhalter Holding AG that is +1.0 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Burkhalter Holding AG (BRKN) delivered so far?
Over the past 5 years revenue at Burkhalter Holding AG grew +19.0 % a year. The price currently implies +1.0 % 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 Burkhalter Holding AG (BRKN) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Burkhalter Holding AG (+1.0 % 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 Burkhalter Holding AG (BRKN)?
The free-cash-flow yield on the price is 7.59 %: that much free cash flow Burkhalter Holding AG produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Burkhalter Holding AG (BRKN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Burkhalter Holding AG it is CHF 97.81 per share (as of Sep 24, 2026), against a price of CHF 124.60. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Burkhalter Holding AG stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BRKN trades above its calculated fair value: price CHF 124.60, fair value CHF 97.81, a gap of about −22% (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 BRKN?
No. The price is what the market pays today (CHF 124.60); the fair value is what the company's own numbers justify (CHF 97.81). For Burkhalter Holding AG the two are CHF 26.79 per share apart. That gap is exactly why we show both numbers side by side.
How much is Burkhalter Holding AG worth?
The market values Burkhalter Holding AG at about CHF 1.5B (market capitalisation, as of Sep 24, 2026). Per share that is CHF 124.60; our models calculate a fair value of CHF 97.81 per share.
What do the bullish and bearish scenarios say about BRKN?
Our models span a range for Burkhalter Holding AG: cautious scenario CHF 73.36, base CHF 97.81, optimistic CHF 139.10 per share (as of Sep 24, 2026, price CHF 124.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BRKN?
Burkhalter Holding AG trades at a price-to-earnings ratio of 21.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 97.81 is built from several models across several years. Other multiples: P/B 13.3, P/S 1.5, EV/EBITDA 22.6.
How solid is the balance sheet of Burkhalter Holding AG (BRKN)?
Balance-sheet figures for Burkhalter Holding AG (as of Sep 24, 2026): return on equity 44.7%, debt of 0.14 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is BRKN from its 52-week high?
Burkhalter Holding AG trades at CHF 124.60, about 34% below its 52-week high of CHF 187.38 and 6% above the low of CHF 118.00 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 97.81 is for.
Which stocks are comparable to Burkhalter Holding AG?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Burkhalter Holding AG stock attractive at the current price?
The data as of Sep 24, 2026: price CHF 124.60, calculated fair value CHF 97.81 (−22%), Quality Score 72/100, from 26 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 BRKN calculated?
We run Burkhalter Holding AG through 26 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 97.81, 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 14.1 % above its aggregate fair value. Burkhalter Holding AG 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 Burkhalter Holding AG (BRKN)?
The closing price on Sep 23, 2026 was CHF 124.60. Our model-based fair value is CHF 97.81, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Burkhalter Holding AG right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. A fairly wide model range (CHF 73.36 to CHF 139.10) leaves room in how you read the outcome.
Where does the earnings growth of Burkhalter Holding AG (BRKN) come from?
Earnings per share at Burkhalter Holding AG grew −0.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.0 %, EBIT margin −2.4 %, tax rate +0.1 %, residual (interest, one-offs) −1.3 %. 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 Burkhalter Holding AG
How large is the market capitalisation of Burkhalter Holding AG (BRKN)?
The market capitalisation of Burkhalter Holding AG is CHF 1.5B. 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 Burkhalter Holding AG (BRKN)?
The price-to-sales ratio of Burkhalter Holding AG is 1.10 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Burkhalter Holding AG (BRKN)?
Earnings per share at Burkhalter Holding AG are CHF 5.78 (price ÷ EPS = P/E 21.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Burkhalter Holding AG (BRKN)?
The dividend yield of Burkhalter Holding AG is 2.1% (payout 45.0%). 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 Burkhalter Holding AG (BRKN)?
The net margin of Burkhalter Holding AG is 5.1% (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 Burkhalter Holding AG (BRKN)?
The return on equity (ROE) of Burkhalter Holding AG is 44.7% (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 Burkhalter Holding AG (BRKN)?
On an EBIT basis the return on assets of Burkhalter Holding AG is 13.1% (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 Burkhalter Holding AG (BRKN)?
The operating margin of Burkhalter Holding AG is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Burkhalter Holding AG (BRKN)?
Revenue at Burkhalter Holding AG is growing +2.0% versus a year earlier (3y avg +16.6%). 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 Burkhalter Holding AG (BRKN)?
Earnings per share at Burkhalter Holding AG are growing +9.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Burkhalter Holding AG (BRKN) hold?
Burkhalter Holding AG holds more cash than debt, CHF 51.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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