Elma Electronic AG (ELMN) Fair Value & Analysis
Technology · CH · Market cap CHF 299M
Fair value as of: Jul 16, 2026
From 15 valuation models · updated 25 days ago
Share price −0.8% over the past month.
Below-average quality, and screening another 78% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (CHF 371.74). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (CHF 200.17 to CHF 371.74) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range CHF 322.79 – CHF 1,320 · fair‑value band CHF 200.17 – CHF 371.74 · the CHF 1,310 price screens above the CHF 285.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Elma Electronic AG (ELMN) currently trades at CHF 1,310, while our model-based Fair Value estimate is CHF 285.96, implying the stock looks roughly 78.2% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology 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, Elma Electronic AG generated revenue of CHF 176M at a net margin of 2.4%. Revenue declined 2.7% year over year. It earns a return on equity of 6.5%. Net debt stands at CHF 19.9M. Fundamentals as of Jul 16, 2026
Our scenario range runs from CHF 200.17 (bear case) to CHF 371.74 (bull case); at CHF 1,310, 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 near its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -78%, ELMN 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.
All 15 models by family
Widest divergence: Multiples (CHF 362.81) versus Dividend Discount (CHF 18.21). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 79
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
Elma Electronic AG manufactures and sells electronic packaging products for the embedded systems market worldwide. It offers backplanes, cabinets, chassis platforms, embedded boards, embedded computing systems, enclosures and components, power solutions, and rotary switches.
Full company description
Elma Electronic AG manufactures and sells electronic packaging products for the embedded systems market worldwide. It offers backplanes, cabinets, chassis platforms, embedded boards, embedded computing systems, enclosures and components, power solutions, and rotary switches. The company also provides conformal coating, front panels, and online configurator services. It serves aerospace, defense, artificial intelligence, industrial automation, medical, science and research, test and measurement, and transportation industries. Elma Electronic AG was founded in 1960 and is headquartered in Wetzikon, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Elma Electronic AG reported revenue of CHF 176M in FY2025 versus CHF 149M in FY2021, a compound +4.2%/yr. Reported net income was CHF 4.1M in FY2025, compounding −13.9%/yr from FY2021.
of which total revenue +4.0 pp · buybacks/dilution +0.0 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).
ELMN screens 78% overvalued. Compare with Compal Electronics, Inc →
Peer Group
Computer Hardware · 215 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.
Valuation Multiples vs Computer Hardware median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Compal Electronics, Inc CEIR | $0.0310 | $0.0276 | -11% |
| Dell Technologies Inc DELL | $434.97 | $163.87 | -62% |
| Arista Networks, Inc ANET | $168.56 | $43.74 | -74% |
| Western Digital Corporation WDC | $513.84 | $74.05 | -86% |
| Wiwynn Corporation 6669 | 4,685 TWD | 1,559 TWD | -67% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥34.12 | ¥30.11 | -12% |
| Quanta Computer Inc 2382 | 373.50 TWD | 297.22 TWD | -20% |
| Shenzhen Longsys Electronics Co 301308 | ¥587.60 | ¥60.86 | -90% |
| Lenovo Group 0992 | HK$23.16 | HK$3.07 | -87% |
| Dawning Information Industry Co 603019 | ¥106.13 | ¥28.88 | -73% |
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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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