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Groupe Minoteries SA (GMI) Fair Value & Analysis

Consumer Defensive · CH · Market cap CHF 79.2M

GM Groupe Minoteries SA GMI · SW
PriceCHF 232.00
Fair ValueCHF 262.01
Upside+12.9%
Quality54/100
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Weak Growth
Thin margins · 3.6% net margin
Low debt · negative free cash flow
4.55% dividend yield
Mixed vs. peers (6/13)
Narrow moat 33/100
Evidence: Medium Range CHF 210.26 – CHF 340.61 Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 23 days ago

Share price −5.7% over the past month.

A solid business, screening 13% undervalued on our models.

What matters now

  • Our model range runs from CHF 210.26 (bear) to CHF 340.61 (bull), base CHF 262.01. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 54/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

CHF 363.37 CHF 196.89 Fair Value CHF 262.01 Jan 2020 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 196.89 – CHF 363.37 · fair‑value band CHF 210.26 – CHF 340.61 · the CHF 232.00 price screens below the CHF 262.01 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

Groupe Minoteries SA (GMI) currently trades at CHF 232.00, while our model-based Fair Value estimate is CHF 262.01, implying the stock looks roughly 12.9% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Defensive 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: medium), always confirm before acting.

Over the trailing twelve months, Groupe Minoteries SA generated revenue of CHF 152M at a net margin of 3.6%. Revenue grew 12.3% year over year. It earns a return on equity of 4.6%. Net debt stands at CHF 10.3M. Fundamentals as of Jul 18, 2026

Our scenario range runs from CHF 210.26 (bear case) to CHF 340.61 (bull case); at CHF 232.00, 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 5% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at 13%, GMI 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.

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
Residual Income CHF 247.10 CHF 242.44 CHF 203.25 76
ROIC Compounder CHF 74.59 CHF 86.94 CHF 96.96 72
Gordon GGM CHF 76.62 CHF 81.89 CHF 89.65 70
All 15 models by family
DCF Models
Owner Earnings CHF 26.68 CHF 40.30 CHF 63.05 31
Earnings-Based
Graham-Dodd CHF 112.14 CHF 151.57 CHF 175.41 54
EPV CHF 74.59 CHF 86.94 CHF 96.96 59
Dividend Discount
Gordon GGM CHF 76.62 CHF 81.89 CHF 89.65 70
DDM Multi-Stage CHF 76.62 CHF 90.31 CHF 106.29 61
Multiples
P/E Multiple CHF 259.73 CHF 346.31 CHF 432.89 63
P/S Multiple CHF 210.26 CHF 280.35 CHF 350.43 58
P/B Multiple CHF 210.26 CHF 280.35 CHF 350.43 55
EV/EBIT CHF 194.90 CHF 269.30 CHF 343.70 53
EV/EBITDA CHF 305.97 CHF 417.40 CHF 528.82 54
EV/Revenue CHF 131.00 CHF 199.27 CHF 267.55 43
Asset-Based
NCAV (Graham) CHF 179.40 CHF 240.39 CHF 358.79 50
Economic Profit
Residual Income CHF 247.10 CHF 242.44 CHF 203.25 76
ROIC Compounder CHF 74.59 CHF 86.94 CHF 96.96 72
Growth Earnings
Growth-Adj P/E CHF 183.41 CHF 262.01 CHF 340.61 68

Widest divergence: Multiples (CHF 280.35) versus DCF Models (CHF 40.30). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) CHF 152M
Revenue growth (YoY) +12.3%
Net margin 3.6%
Return on equity 4.6%
Free cash flow −CHF 1.5M FY2025
P/E ratio 14.6
More key figures
Operating margin 3.6%
EPS (TTM) CHF 16.48
Dividend yield 4.6%
EPS growth (YoY) +4.1%
Net debt CHF 10.3M FY2025

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 59

Profitability 35
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 51
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

Groupe Minoteries SA engages in processing and marketing of food grains, plants, and raw materials in Switzerland. The company offers organic products, such as flours, organic mueslis, croissants, panettones, pizza, cereals, coatings, seeds, durum wheat, flakes, and extruded products, as well as breadcrumbs and panades; and tailor-made products.

Full company description

Groupe Minoteries SA engages in processing and marketing of food grains, plants, and raw materials in Switzerland. The company offers organic products, such as flours, organic mueslis, croissants, panettones, pizza, cereals, coatings, seeds, durum wheat, flakes, and extruded products, as well as breadcrumbs and panades; and tailor-made products. It also provides services for the industrial, retail, and wholesaler. The company was founded in 1885 and is headquartered in Granges-près-Marnand, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Groupe Minoteries SA reported revenue of CHF 152M in FY2025 versus CHF 142M in FY2021, a compound +1.7%/yr. Reported net income was CHF 5.4M in FY2025, compounding −6.9%/yr from FY2021.

Growth Quality 27/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
CHF 152M
Latest YoY
+4.7%
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.
+1.6%
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.
+1.1%
Avg. growth/yr (19Y) 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.
+1.1%
Revenue +1.7%/yr
FY21 CHF 142M
FY22 CHF 145M
FY23 CHF 148M
FY24 CHF 145M
FY25 CHF 152M
Net income −6.9%/yr
FY21 CHF 7.2M
FY22 CHF 7.3M
FY23 CHF 6.4M
FY24 CHF 5.4M
FY25 CHF 5.4M
Character of growth · EPS growth decomposed (2014-2025) +1.3 % p.a.
Revenue per share +0.0 pp

of which total revenue +0.0 pp · buybacks/dilution +0.0 pp

EBIT margin −0.2 pp
Tax rate +0.6 pp
Residual (interest, one-offs) +0.9 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).

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Cite: Fair Value Calculator (2026). "Groupe Minoteries SA Fair Value". https://www.fairvalue-calculator.com/stock/GMI

Peer Group

Farm Products · 288 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 54 · Above median
Fair Value upside +13% · Above median
Return on equity (TTM) 5% · Above median
Return on assets 2% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 14.6× · Pricier than median
P/B 0.83× · Pricier than median
P/S (TTM) 0.65× · Pricier than median
EV/EBITDA 9.5× · Pricier 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 51 · sector 25
FUTURE 62 · sector 20
PAST 19 · sector 17
HEALTH 93 · sector 94
DIVIDEND 91 · sector 38

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

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PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is Groupe Minoteries SA (GMI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of CHF 262.01 versus a price of CHF 232.00, about +13% (undervalued).
What is the fair value of GMI?
Our model-based fair value for Groupe Minoteries SA is CHF 262.01 (as of Jul 18, 2026), built from audited fundamentals. The current price is CHF 232.00.
What is the quality score of GMI?
Groupe Minoteries SA has a Quality Score of 54/100. 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 Groupe Minoteries SA (GMI)?
Groupe Minoteries SA reported trailing-twelve-month revenue of about CHF 152M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of GMI?
The net profit margin of Groupe Minoteries SA is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does Groupe Minoteries SA pay a dividend?
Groupe Minoteries SA currently shows a dividend yield of about 4.58% 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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