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INFICON Holding (IFCN) Fair Value & Analysis

Technology · CH · Market cap CHF 4.1B

IH INFICON Holding IFCN · SW
PriceCHF 174.40
Fair ValueCHF 64.24
Upside-63.2%
Quality59/100
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Healthy Growth
Solidly profitable · 12.7% net margin
Low debt · generates free cash flow
1.49% dividend yield
Mixed vs. peers (7/15)
Wide moat 67/100
Evidence: High Range CHF 41.46 – CHF 91.93 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 24 days ago

Fair value updated Jul 16, 2026, revised from CHF 64.36 to CHF 64.24 (−0.2%) since Jun 24, 2026. Share price +9.4% over the past month.

A solid business, but screening 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 91.93). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (CHF 41.46 to CHF 91.93) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 187.80 CHF 59.41 Fair Value CHF 64.24 May 2021 Aug 2026

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 59.41 – CHF 187.80 · fair‑value band CHF 41.46 – CHF 91.93 · the CHF 174.40 price screens above the CHF 64.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

INFICON Holding (IFCN) currently trades at CHF 174.40, while our model-based Fair Value estimate is CHF 64.24, implying the stock looks roughly 63.2% overvalued today. The Quality Score stands at 59/100 (solid 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, INFICON Holding generated revenue of CHF 674M at a net margin of 12.7%. Revenue declined 0.5% year over year. It earns a return on equity of 21.2%. The balance sheet holds a net cash position of CHF 81.2M. Fundamentals as of Jul 16, 2026

Our scenario range runs from CHF 41.46 (bear case) to CHF 91.93 (bull case); at CHF 174.40, 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 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 near its 52-week high and 94% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -63%, IFCN 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 BearBaseBull Evidence
Highest evidence
Growth DCF CHF 38.44 CHF 54.82 CHF 77.87 80
Residual Income CHF 22.10 CHF 27.20 CHF 70.00 76
Rev-Margin DCF CHF 44.13 CHF 70.19 CHF 101.00 74
All 26 models by family
DCF Models
FCF DCF CHF 38.17 CHF 57.20 CHF 85.99 38
Owner Earnings CHF 46.23 CHF 69.93 CHF 105.80 31
5Y Revenue Exit CHF 44.13 CHF 70.53 CHF 104.91 39
5Y EBITDA Exit CHF 49.13 CHF 80.11 CHF 117.00 41
5Y P/E Exit CHF 48.90 CHF 79.67 CHF 112.73 38
10Y Revenue Exit CHF 40.27 CHF 63.69 CHF 96.46 36
10Y EBITDA Exit CHF 44.73 CHF 70.28 CHF 105.68 37
10Y P/E Exit CHF 44.59 CHF 69.98 CHF 102.43 35
Earnings-Based
Graham-Dodd CHF 25.01 CHF 87.16 CHF 117.15 54
Lynch FV CHF 20.26 CHF 28.94 CHF 37.62 50
PEG = 1.0 CHF 20.26 CHF 28.94 CHF 37.62 46
EPV CHF 40.90 CHF 46.50 CHF 51.34 59
Dividend Discount
Gordon GGM CHF 21.89 CHF 43.62 CHF 66.06 70
DDM Multi-Stage CHF 21.89 CHF 37.50 CHF 46.05 61
Multiples
P/E Multiple CHF 55.16 CHF 73.54 CHF 91.93 63
P/S Multiple CHF 46.88 CHF 62.51 CHF 78.14 58
P/B Multiple CHF 39.22 CHF 52.29 CHF 65.37 55
EV/EBIT CHF 70.33 CHF 91.98 CHF 113.63 53
EV/EBITDA CHF 60.94 CHF 79.46 CHF 97.98 54
EV/Revenue CHF 49.17 CHF 67.93 CHF 86.69 43
Asset-Based
NCAV (Graham) CHF 8.72 CHF 11.68 CHF 17.43 50
Growth DCF
Growth DCF CHF 38.44 CHF 54.82 CHF 77.87 80
Rev-Margin DCF CHF 44.13 CHF 70.19 CHF 101.00 74
Economic Profit
Residual Income CHF 22.10 CHF 27.20 CHF 70.00 76
ROIC Compounder CHF 43.48 CHF 52.72 CHF 62.99 72
Growth Earnings
Growth-Adj P/E CHF 47.79 CHF 68.27 CHF 88.75 68

Widest divergence: DCF Models (CHF 69.98) versus Asset-Based (CHF 11.68). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 674M
Revenue growth (YoY) -0.5%
Net margin 12.7%
Return on equity 21.2%
Free cash flow CHF 72.0M FY2025
P/E ratio 58.8
More key figures
Operating margin 15.8%
EPS (TTM) CHF 2.77
Dividend yield 1.6%
EPS growth (YoY) -29.8%
Net cash CHF 81.2M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 61 · Market factors (momentum, volatility) 73

Profitability 83
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 90
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 39
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

INFICON Holding AG develops instruments for gas analysis, measurement, and control in Switzerland and internationally. The company offers industrial gas analyzers, mass spectrometers, and process control sensors; vacuum gauges, controllers, components, and feedthroughs; leak detectors; thin film controllers; application-based software solutions; quartz …

Full company description

INFICON Holding AG develops instruments for gas analysis, measurement, and control in Switzerland and internationally. The company offers industrial gas analyzers, mass spectrometers, and process control sensors; vacuum gauges, controllers, components, and feedthroughs; leak detectors; thin film controllers; application-based software solutions; quartz crystal, RF sensing, and xParts coating technologies; chemical detectors and monitors; micro gas chromatography; and service tools. It also provides toxic chemical analysis products for emergency response, security, and environmental monitoring, as well as instruments for energy and petrochemical applications. The company's analysis, measurement, and control products are used for gas leak detection in air conditioning, refrigeration, and automotive manufacturing; and for equipment manufacturers and end-users in the fabrication of semiconductors and thin film coatings for optics, flat panel displays, solar cells, LED lighting, and industrial vacuum coating applications. Its products are also used in the life sciences, research, aerospace, packaging, heat treatment, laser cutting, and other industrial sectors. The company was founded in 2000 and is based in Bad Ragaz, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

INFICON Holding reported revenue of CHF 706M in FY2025 versus CHF 516M in FY2021, a compound +8.2%/yr. Reported net income was CHF 89.9M in FY2025, compounding +2.9%/yr from FY2021.

Growth Quality 96/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
CHF 706M
Latest YoY
+5.2%
Avg. growth/yr (3Y)
+6.7%
Avg. growth/yr (5Y)
+12.1%
Avg. growth/yr (26Y)
+6.7%
Revenue +8.2%/yr
FY21 CHF 516M
FY22 CHF 581M
FY23 CHF 674M
FY24 CHF 671M
FY25 CHF 706M
Net income +2.9%/yr
FY21 CHF 80.3M
FY22 CHF 88.5M
FY23 CHF 106M
FY24 CHF 113M
FY25 CHF 89.9M

IFCN screens 63% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "INFICON Holding Fair Value". https://www.fairvalue-calculator.com/stock/IFCN

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Scientific & Technical Instruments · 161 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 59 · Above median
Fair Value upside −63% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 13% · Above median
Operating margin (TTM) 16% · Above median
Revenue growth -1% · Below median
Dividend yield (TTM) 1.5% · Above median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 58.9× · Pricier than median
P/B 11.86× · Pricier than 75% of peers
P/S (TTM) 7.51× · Pricier than 75% of peers
P/FCF 70.2× · Pricier than 75% of peers
EV/EBITDA 37.4× · Pricier than 75% of peers
PEG 8.15× · 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 0 · sector 0
FUTURE 0 · sector 34
PAST 85 · sector 25
HEALTH 100 · sector 98
DIVIDEND 30 · sector 24

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.

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is INFICON Holding (IFCN) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of CHF 64.24 versus a price of CHF 174.40, about −63% (overvalued).
What is the fair value of IFCN?
Our model-based fair value for INFICON Holding is CHF 64.24 (as of Jul 16, 2026), built from audited fundamentals. The current price is CHF 174.40.
What is the quality score of IFCN?
INFICON Holding has a Quality Score of 59/100. 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 INFICON Holding (IFCN)?
INFICON Holding reported trailing-twelve-month revenue of about CHF 674M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of IFCN?
The net profit margin of INFICON Holding is about 12.7%, meaning it keeps roughly 12.7% of revenue as net income. Based on the latest reported figures.
Does INFICON Holding pay a dividend?
INFICON Holding currently shows a dividend yield of about 1.57% relative to its recent price (as of Jul 16, 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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