EN DE

COLTENE Holding (CLTN) Fair Value & Analysis

Healthcare · CH · Market cap CHF 316M

CH COLTENE Holding CLTN · SW
PriceCHF 47.75
Fair ValueCHF 38.12
Upside-20.2%
Quality62/100
Watch COLTENE Holding for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 6.2% net margin
Low debt · generates free cash flow
3.85% dividend yield
Ranks above peers (9/15)
Moderate moat 51/100
Evidence: High Range CHF 25.89 – CHF 53.43 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Share price −8.0% over the past month.

A solid business, but screening 20% overvalued on our models.

What matters now

  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (CHF 25.89 to CHF 53.43) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

CHF 113.66 CHF 42.77 Fair Value CHF 38.12 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range CHF 42.77 – CHF 113.66 · fair‑value band CHF 25.89 – CHF 53.43 · the CHF 47.75 price screens above the CHF 38.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

COLTENE Holding (CLTN) currently trades at CHF 47.75, while our model-based Fair Value estimate is CHF 38.12, implying the stock looks roughly 20.2% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Healthcare 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, COLTENE Holding generated revenue of CHF 240M at a net margin of 6.2%. Revenue declined 0.5% year over year. It earns a return on equity of 14.3%. Net debt stands at CHF 26.3M. Fundamentals as of Aug 13, 2026

Our scenario range runs from CHF 25.89 (bear case) to CHF 53.43 (bull case); at CHF 47.75, 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 about 33% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -46% fair-value upside, at -20%, CLTN 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 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
Highest evidence
Growth DCF CHF 16.76 CHF 20.17 CHF 25.46 80
Residual Income CHF 15.85 CHF 18.60 CHF 29.50 76
Rev-Margin DCF CHF 25.53 CHF 37.72 CHF 52.40 74
All 24 models by family
DCF Models
FCF DCF CHF 16.43 CHF 20.03 CHF 26.05 38
Owner Earnings CHF 28.29 CHF 35.17 CHF 46.70 31
5Y Revenue Exit CHF 25.53 CHF 37.54 CHF 54.70 39
5Y EBITDA Exit CHF 33.07 CHF 50.41 CHF 72.86 41
5Y P/E Exit CHF 29.41 CHF 44.15 CHF 61.27 38
10Y Revenue Exit CHF 20.73 CHF 29.97 CHF 40.78 36
10Y EBITDA Exit CHF 25.69 CHF 37.75 CHF 51.79 37
10Y P/E Exit CHF 23.63 CHF 33.96 CHF 44.76 35
Earnings-Based
Graham-Dodd CHF 17.01 CHF 29.78 CHF 36.54 54
EPV CHF 26.19 CHF 29.29 CHF 31.88 59
Dividend Discount
Gordon GGM CHF 19.41 CHF 23.87 CHF 28.09 70
DDM Multi-Stage CHF 19.41 CHF 24.92 CHF 30.85 61
Multiples
P/E Multiple CHF 41.26 CHF 55.02 CHF 68.77 63
P/S Multiple CHF 31.88 CHF 42.51 CHF 53.14 58
P/B Multiple CHF 31.88 CHF 42.51 CHF 53.14 55
EV/EBIT CHF 47.17 CHF 61.74 CHF 76.31 53
EV/EBITDA CHF 52.14 CHF 68.37 CHF 84.59 54
EV/Revenue CHF 34.66 CHF 48.03 CHF 61.40 43
Asset-Based
NCAV (Graham) CHF 8.41 CHF 11.27 CHF 16.82 50
Growth DCF
Growth DCF CHF 16.76 CHF 20.17 CHF 25.46 80
Rev-Margin DCF CHF 25.53 CHF 37.72 CHF 52.40 74
Economic Profit
Residual Income CHF 15.85 CHF 18.60 CHF 29.50 76
ROIC Compounder CHF 26.55 CHF 30.20 CHF 33.77 72
Growth Earnings
Growth-Adj P/E CHF 29.09 CHF 41.55 CHF 54.02 68

Widest divergence: Multiples (CHF 48.03) versus Asset-Based (CHF 11.27). Highest evidence: Growth DCF (80).

Notify me when CLTN reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) CHF 240M
Revenue growth (YoY) -0.5%
Net margin 6.2%
Return on equity 14.3%
Free cash flow CHF 9.2M FY2025
P/E ratio 19.1
More key figures
Operating margin 11.1%
EPS (TTM) CHF 2.50
Dividend yield 3.9%
EPS growth (YoY) +6.6%
Net debt CHF 26.3M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 44

Profitability 61
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 27
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

COLTENE Holding AG develops, manufactures, and sells disposables, tools, and equipment for dentists and dental laboratories in Europe, the Middle East, Africa, North America, Latin America, and Asia/Oceania.

Full company description

COLTENE Holding AG develops, manufactures, and sells disposables, tools, and equipment for dentists and dental laboratories in Europe, the Middle East, Africa, North America, Latin America, and Asia/Oceania. The company offers restoration products, including conventional composites, bulk-fill composites, CAD/CAM solutions, core build-ups, bondings, etching gels, temporary materials, luting, curing lights, characterizations, and parapulpal pins; and endodontics products, such as cold sprays, hand files, shaping and retreatment files, endo motors, rinsing and disinfection system, drying, temporary fillings, sealers, guttapercha points, and posts and drills. It also provides prosthetics comprising bite registration, retractions, A-silicones, C-silicones, and accessories; and treatment auxiliaries consist of dental rolls and dispensers, cotton pellets and dispensers, aspirator tips, dental dams, dental dam clamps and accessories, dental scalers, electrosurgery, and occlusion verification products. In addition, the company offers infection control products, which include ultrasonic cleaning solutions, patient bibs, instrument reprocessing, and surface disinfectants; rotary instruments that comprise diamond and carbide burs, polishers, kits, and accessories; and laboratory products, including gingiva masks, lab putty products, model making products, waxes, occlusion control products, and accessories. Further, it provides adhesives, root canal instruments, irrigation solutions, and materials for root canal obturation and sealing; impression materials, wound care and cotton wool products, suction cannulas, rotary instruments, and rubber dams for isolating the treatment area; and thermal disinfectors, washers, cleaning and disinfecting wipes, and autoclaves. The company was formerly known as Medisize Holding AG and changed its name to COLTENE Holding AG in April 2008. COLTENE Holding AG was incorporated in 2005 and is headquartered in Altstätten, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

COLTENE Holding reported revenue of CHF 240M in FY2025 versus CHF 279M in FY2021, a compound −3.7%/yr. Reported net income was CHF 14.9M in FY2025, compounding −17.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
CHF 240M
Latest YoY
−4.0%
Avg. growth/yr (3Y) 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.
−3.5%
Avg. growth/yr (5Y) 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.
−0.7%
Avg. growth/yr (21Y) 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.
+0.4%
Revenue −3.7%/yr
FY21 CHF 279M
FY22 CHF 267M
FY23 CHF 243M
FY24 CHF 250M
FY25 CHF 240M
Net income −17.1%/yr
FY21 CHF 31.7M
FY22 CHF 26.0M
FY23 CHF 11.9M
FY24 CHF 20.5M
FY25 CHF 14.9M
Character of growth · EPS growth decomposed (2014-2025) −3.5 % p.a.
Revenue per share +0.9 pp

of which total revenue +4.9 pp · buybacks/dilution −4.0 pp

EBIT margin −4.5 pp
Tax rate +0.5 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

CLTN screens 20% overvalued. Compare with Intuitive Surgical, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "COLTENE Holding Fair Value". https://www.fairvalue-calculator.com/stock/CLTN

Peer Group

Medical Instruments & Supplies · 201 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 62 · Above median
Fair Value upside −20% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Below median
Operating margin (TTM) 11% · Above median
Revenue growth -1% · Below median
Dividend yield (TTM) 3.9% · Top 25%

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 19.1× · Cheaper than median
P/B 3.87× · Pricier than 75% of peers
P/S (TTM) 1.62× · Cheaper than median
P/FCF 42.4× · Pricier than 75% of peers
EV/EBITDA 13.9× · Pricier than median
PEG 4.34× · Pricier than 75% of peers

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 6 · sector 0
FUTURE 0 · sector 26
PAST 57 · sector 26
HEALTH 100 · sector 96
DIVIDEND 77 · sector 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $401.27 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €164.40 €68.55 -58%
Medline Inc MDLN $35.50 $30.15 -15%
Becton, Dickinson and Company BDX $181.41 $100.46 -45%
Alcon Inc ALC $73.58 $39.78 -46%
ResMed Inc RMD $226.00 $187.89 -17%
West Pharmaceutical Services, Inc WST $352.29 $141.58 -60%
Sartorius Stedim Biotech S.A DIM €180.30 €48.88 -73%
Coloplast A/S COLOB kr 429.70 kr 382.22 -11%
Gan & Lee Pharmaceuticals., a biopharmaceutical company, 603087 ¥77.48 ¥27.22 -65%

Compare COLTENE Holding with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is COLTENE Holding (CLTN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of CHF 38.12 versus a price of CHF 47.75, about −20% (overvalued).
What is the fair value of CLTN?
Our model-based fair value for COLTENE Holding is CHF 38.12 (as of Aug 13, 2026), built from audited fundamentals. The current price is CHF 47.75.
What is the quality score of CLTN?
COLTENE Holding has a Quality Score of 62/100. 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 COLTENE Holding (CLTN)?
COLTENE Holding reported trailing-twelve-month revenue of about CHF 240M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CLTN?
The net profit margin of COLTENE Holding is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does COLTENE Holding pay a dividend?
COLTENE Holding currently shows a dividend yield of about 3.94% relative to its recent price (as of Aug 13, 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.

14 days Pro free · no card

Track COLTENE Holding and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.