Cicor Technologies Ltd (CICN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Cicor Technologies Ltd CHF 109, price CHF 140, upside -22.5%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Cicor Technologies Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range CHF 40.60 – CHF 221.00 · fair‑value band CHF 81.39 – CHF 135.65 · the CHF 140.00 price screens above the CHF 108.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow Cicor Technologies in your weekly email
Every Wednesday you see whether Cicor Technologies is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Cicor Technologies Ltd., together with its subsidiaries, develops, and manufactures electronic components, devices, and systems internationally. The company operates in two segments: Electronic Manufacturing Services (EMS) and Advanced Substrates (AS).
Show more
Cicor Technologies Ltd., together with its subsidiaries, develops, and manufactures electronic components, devices, and systems internationally. The company operates in two segments: Electronic Manufacturing Services (EMS) and Advanced Substrates (AS). It offers engineering services, such as test engineering, product, test development, and process engineering services; electronic manufacturing services, including printed circuit board (PCB) assembly, cable assembly, box building, and microelectronic assembly; precision plastics, such as tool design and fabrication, plastic injection molding, and 3D-MID technology; hybrid circuits that include thin-film and thick-film substrates; PCBs comprises flexible, rigid-flexible, rigid, and DenciTec PCBs; AC/DC and DC/DC power solutions; and printed electronics. The company also provides porototyping shops; and outsourcing solutions for the development and manufacture of electronic assemblies, as well as complete devices and systems. It serves industrial, health care, aerospace and defense, wearables, and building technologies markets. The company was formerly known as Cicorel Holding SA and changed its name to Cicor Technologies Ltd. in 2005. Cicor Technologies Ltd. was founded in 1966 and is based in Bronschhofen, Switzerland.
Stock analysis
Cicor Technologies Ltd (CICN) currently trades at CHF 140.00, while our model-based Fair Value estimate is CHF 108.52, implying the stock looks roughly 29.0% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of CHF 151.21 per share, and 9 of the 24 models we run sit above the CHF 140.00 price.
Bear case: the Asset-Based group reads lowest at CHF 23.13, and 15 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: CHF 81.39 (bear) to CHF 135.65 (bull), the price of CHF 140.00 sits above 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 44/100 (below-average quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Cicor Technologies Ltd reported revenue of CHF 616M in FY2025 versus CHF 239M in FY2021, a compound +26.7%/yr. Reported net income was CHF 16.9M in FY2025, compounding +22.6%/yr from FY2021.
Key figures
Market cap CHF 635M · P/E ratio 37.6 · P/S ratio 1.03 · EPS (TTM) CHF 3.72 · Net margin 2.7% · Return on equity 11.8% · Return on assets (EBIT) 5.6% · Operating margin 4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 37% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −22%, CICN screens cheaper than that median.
Fair Value models
Bear CHF 81.39Fair Value CHF 108.52Bull CHF 135.65
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 2.72 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+28.2%
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.
+25.3%
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.
+23.5%
Start year 2020 (pandemic). Over 10 years: +13.1% a year
Revenue growth 22 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.
+16.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis.
≈ +10.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.8%
Dividend (yield on the price)0.0%
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.8% vs 13%, slowing
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% → 5%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 174% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than 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).
+4.0%
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.
+9.6%
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 +3.4% a year for the price and +8.9% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Electronic Components · 654 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−23% · Above median
Profitability
Return on equity (TTM)12% · Top 25%
Return on assets4% · Above median
Net margin (TTM)3% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth35% · Top 25%
Balance sheet
Debt / equity0.86× · Highest 25%
Valuation Multiplesvs Electronic Components 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.
Is Cicor Technologies Ltd (CICN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of CHF 108.52 versus a price of CHF 140.00, about −22% upside (overvalued).
What is the fair value of CICN?
Our model-based fair value for Cicor Technologies Ltd is CHF 108.52 (as of Sep 23, 2026), built from audited fundamentals. The current price: CHF 140.00.
What is the quality score of CICN?
Cicor Technologies Ltd has a Quality Score of 44/100. 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 Cicor Technologies Ltd (CICN)?
Our model-based price target is the fair value of CHF 108.52 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario CHF 81.39, optimistic scenario CHF 135.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Cicor Technologies Ltd stock forecast for 2026?
Our models put fair value at CHF 108.52, about −22% upside versus a price of CHF 140.00 (overvalued). Cautious scenario CHF 81.39, optimistic scenario CHF 135.65. The calculation is refreshed regularly with new filings.
What is the revenue of Cicor Technologies Ltd (CICN)?
Cicor Technologies Ltd reported trailing-twelve-month revenue of about CHF 616M (latest available figure, as of Sep 23, 2026).
What growth is priced into Cicor Technologies Ltd (CICN)?
For today's price to be fair in a discounted-cash-flow model, Cicor Technologies Ltd would have to grow free cash flow by +4.0 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of CICN use?
Our models discount Cicor Technologies Ltd at 10.2 %: a base by market capitalisation (small), damped by beta 0.71, 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 Cicor Technologies Ltd that is +4.0 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Cicor Technologies Ltd (CICN) delivered so far?
Over the past 5 years revenue at Cicor Technologies Ltd grew +23.5 % a year. The price currently implies +4.0 % 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 Cicor Technologies Ltd (CICN) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Cicor Technologies Ltd (+4.0 % 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 Cicor Technologies Ltd (CICN)?
The free-cash-flow yield on the price is 7.85 %: that much free cash flow Cicor Technologies Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cicor Technologies Ltd (CICN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cicor Technologies Ltd it is CHF 108.52 per share (as of Sep 23, 2026), against a price of CHF 140.00. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Cicor Technologies Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, CICN trades above its calculated fair value: price CHF 140.00, fair value CHF 108.52, 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 CICN?
No. The price is what the market pays today (CHF 140.00); the fair value is what the company's own numbers justify (CHF 108.52). For Cicor Technologies Ltd the two are CHF 31.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cicor Technologies Ltd worth?
The market values Cicor Technologies Ltd at about CHF 635M (market capitalisation, as of Sep 23, 2026). Per share that is CHF 140.00; our models calculate a fair value of CHF 108.52 per share.
What do the bullish and bearish scenarios say about CICN?
Our models span a range for Cicor Technologies Ltd: cautious scenario CHF 81.39, base CHF 108.52, optimistic CHF 135.65 per share (as of Sep 23, 2026, price CHF 140.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CICN?
Cicor Technologies Ltd trades at a price-to-earnings ratio of 37.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 108.52 is built from several models across several years. Other multiples: P/B 5.1, P/S 1.3, EV/EBITDA 14.2.
How solid is the balance sheet of Cicor Technologies Ltd (CICN)?
Balance-sheet figures for Cicor Technologies Ltd (as of Sep 23, 2026): return on equity 11.8%, debt of 0.86 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is CICN from its 52-week high?
Cicor Technologies Ltd trades at CHF 140.00, about 37% below its 52-week high of CHF 221.00 and 26% above the low of CHF 111.00 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 108.52 is for.
Which stocks are comparable to Cicor Technologies Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Cicor Technologies Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price CHF 140.00, calculated fair value CHF 108.52 (−22%), Quality Score 44/100, from 24 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 CICN calculated?
We run Cicor Technologies Ltd through 24 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 108.52, 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. Cicor Technologies Ltd 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 Cicor Technologies Ltd (CICN)?
The closing price on Sep 23, 2026 was CHF 140.00. Our model-based fair value is CHF 108.52, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cicor Technologies Ltd right now?
The price sits above even our optimistic bull case (CHF 135.65). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Cicor Technologies Ltd (CICN) come from?
Earnings per share at Cicor Technologies Ltd grew +14.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.6 %, EBIT margin +5.9 %, tax rate −0.1 %, residual (interest, one-offs) +2.5 %. 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 Cicor Technologies Ltd
How large is the market capitalisation of Cicor Technologies Ltd (CICN)?
The market capitalisation of Cicor Technologies Ltd is CHF 635M. 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 Cicor Technologies Ltd (CICN)?
The price-to-sales ratio of Cicor Technologies Ltd is 1.03 (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 Cicor Technologies Ltd (CICN)?
Earnings per share at Cicor Technologies Ltd are CHF 3.72 (price ÷ EPS = P/E 37.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cicor Technologies Ltd (CICN)?
The net margin of Cicor Technologies Ltd is 2.7% (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 Cicor Technologies Ltd (CICN)?
The return on equity (ROE) of Cicor Technologies Ltd is 11.8% (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 Cicor Technologies Ltd (CICN)?
On an EBIT basis the return on assets of Cicor Technologies Ltd is 5.6% (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 Cicor Technologies Ltd (CICN)?
The operating margin of Cicor Technologies Ltd is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cicor Technologies Ltd (CICN)?
Revenue at Cicor Technologies Ltd is growing +34.6% versus a year earlier (3y avg +25.3%). 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 Cicor Technologies Ltd (CICN)?
Earnings per share at Cicor Technologies Ltd are growing −45.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cicor Technologies Ltd (CICN) carry?
The net debt of Cicor Technologies Ltd is CHF 70.5M (fiscal year 2025, ≈ 1.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Cicor Technologies Ltd in the live analysis
One click puts Cicor Technologies Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
