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Clariant AG (CLN) Fair Value & Analysis

Basic Materials · CH · Market cap CHF 2.5B

CA Clariant AG CLN · SW
PriceCHF 10.10
Fair ValueCHF 16.16
Upside+60.0%
Quality53/100
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Weak Growth
Loss-making · -1.9% net margin
Moderate debt · generates free cash flow
5.42% dividend yield
Mixed vs. peers (8/14)
Narrow moat 37/100
Evidence: High Range CHF 9.87 – CHF 23.29 Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 22 days ago

Fair value updated Jul 18, 2026, revised from CHF 10.20 to CHF 16.16 (+58.4%) since Jul 15, 2026. Share price +39.5% over the past month.

A solid business, screening 60% undervalued on our models.

What matters now

  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (CHF 9.87 to CHF 23.29) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 16.93 CHF 6.31 Fair Value CHF 16.16 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range CHF 6.31 – CHF 16.93 · fair‑value band CHF 9.87 – CHF 23.29 · the CHF 10.10 price screens below the CHF 16.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Clariant AG (CLN) currently trades at CHF 10.10, while our model-based Fair Value estimate is CHF 16.16, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Clariant AG generated revenue of CHF 3.9B at a net margin of -1.9%. Revenue declined 7.1% year over year. It earns a return on equity of -1.8%. Net debt stands at CHF 1.8B. Fundamentals as of Jul 18, 2026

Our scenario range runs from CHF 9.87 (bear case) to CHF 23.29 (bull case); at CHF 10.10, the current price sits within 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 near its 52-week high and 54% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 60%, CLN screens cheaper 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 3.47 CHF 5.79 CHF 9.63 80
Rev-Margin DCF CHF 5.30 CHF 10.07 CHF 15.86 74
ROIC Compounder CHF 5.19 CHF 6.61 CHF 8.17 72
All 15 models by family
DCF Models
FCF DCF CHF 3.19 CHF 5.60 CHF 9.92 38
5Y Revenue Exit CHF 5.30 CHF 9.91 CHF 16.63 39
5Y EBITDA Exit CHF 6.85 CHF 12.60 CHF 20.22 41
10Y Revenue Exit CHF 4.11 CHF 7.41 CHF 11.01 36
10Y EBITDA Exit CHF 5.31 CHF 9.04 CHF 13.07 37
Earnings-Based
EPV CHF 5.19 CHF 6.55 CHF 7.72 59
Dividend Discount
Gordon GGM CHF 3.69 CHF 4.02 CHF 4.52 70
DDM Multi-Stage CHF 3.69 CHF 4.55 CHF 5.74 61
Multiples
EV/EBIT CHF 9.30 CHF 13.54 CHF 17.78 53
EV/EBITDA CHF 11.42 CHF 16.36 CHF 21.30 54
EV/Revenue CHF 7.61 CHF 12.33 CHF 17.05 43
Asset-Based
NCAV (Graham) CHF 3.08 CHF 4.12 CHF 6.15 50
Growth DCF
Growth DCF CHF 3.47 CHF 5.79 CHF 9.63 80
Rev-Margin DCF CHF 5.30 CHF 10.07 CHF 15.86 74
Economic Profit
ROIC Compounder CHF 5.19 CHF 6.61 CHF 8.17 72

Widest divergence: Multiples (CHF 13.54) versus Dividend Discount (CHF 4.02). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 3.9B
Revenue growth (YoY) -7.1%
Net margin -1.9%
Return on equity -1.8%
Free cash flow CHF 234M FY2025
Operating margin 18.8%
More key figures
EPS (TTM) CHF -0.2300
Dividend yield 5.2%
EPS growth (YoY) -83.4%
Net debt CHF 1.8B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 49 · Market factors (momentum, volatility) 74

Profitability 21
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 91
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

Clariant AG develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific. It operates through Care Chemicals, Catalysts, and Adsorbents & Additives segments.

Full company description

Clariant AG develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific. It operates through Care Chemicals, Catalysts, and Adsorbents & Additives segments. The Care Chemicals segment offers personal and home care, crop solutions, industrial applications, base chemicals, oil services, and mining solutions for various applications in home and personal care, coatings, adhesives, and agriculture, and food. The Catalysis segment provides business services for propylene and ethylene, syngas and fuels, and specialties. The Adsorbents & Additives segment provides coatings, adhesives and polymer solutions for home care, personal care, coatings, adhesives, agriculture, food, electrics, electronics, automotive, oil, building, construction, aviation, and mining. The company was founded in 1886 and is headquartered in Muttenz, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Clariant AG reported revenue of CHF 3.9B in FY2025 versus CHF 4.4B in FY2021, a compound −2.7%/yr. Reported net income was −CHF 75.0M in FY2025.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
CHF 3.9B
Latest YoY
−5.7%
Avg. growth/yr (3Y)
−9.0%
Avg. growth/yr (5Y)
+0.3%
Avg. growth/yr (23Y)
−3.7%
Revenue −2.7%/yr
FY21 CHF 4.4B
FY22 CHF 5.2B
FY23 CHF 4.4B
FY24 CHF 4.2B
FY25 CHF 3.9B
Net income
FY21 CHF 344M
FY22 −CHF 101M
FY23 CHF 134M
FY24 CHF 244M
FY25 −CHF 75.0M

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Cite: Fair Value Calculator (2026). "Clariant AG Fair Value". https://www.fairvalue-calculator.com/stock/CLN

Peer Group

Specialty Chemicals · 676 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 53 · Below median
Fair Value upside +60% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 5.4% · Top 25%
Debt / equity 0.76× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/B 1.55× · Cheaper than median
P/S (TTM) 0.80× · Cheaper than median
P/FCF 13.4× · Pricier than 75% of peers
EV/EBITDA 7.2× · Cheaper than median
PEG 0.90× · 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 100 · sector 0
FUTURE 0 · sector 19
PAST 0 · sector 23
HEALTH 62 · sector 95
DIVIDEND 100 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Clariant AG (CLN) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of CHF 16.16 versus a price of CHF 10.10, about +60% (undervalued).
What is the fair value of CLN?
Our model-based fair value for Clariant AG is CHF 16.16 (as of Jul 18, 2026), built from audited fundamentals. The current price is CHF 10.10.
What is the quality score of CLN?
Clariant AG has a Quality Score of 53/100. 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 revenue of Clariant AG (CLN)?
Clariant AG reported trailing-twelve-month revenue of about CHF 3.9B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of CLN?
The net profit margin of Clariant AG is about -1.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Clariant AG pay a dividend?
Clariant AG currently shows a dividend yield of about 5.18% relative to its recent price (as of Jul 18, 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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