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Klingelnberg AG (KLIN) Fair Value & Analysis

Industrials · CH · Market cap CHF 90.2M

KA Klingelnberg AG KLIN · SW
PriceCHF 11.70
Fair ValueCHF 10.01
Upside-14.4%
Quality55/100
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Expensive Growth
Thin margins · 2.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 38/100
Evidence: High Range CHF 7.01 – CHF 13.37 Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from CHF 21.60 to CHF 10.01 (−53.7%) since Jul 17, 2026. Share price +11.4% over the past month.

A solid business, but screening 14% overvalued on our models.

What matters now

  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (CHF 7.01 to CHF 13.37) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 24.27 CHF 9.81 Fair Value CHF 10.01 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range CHF 9.81 – CHF 24.27 · fair‑value band CHF 7.01 – CHF 13.37 · the CHF 11.70 price screens above the CHF 10.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

Klingelnberg AG (KLIN) currently trades at CHF 11.70, while our model-based Fair Value estimate is CHF 10.01, implying the stock looks roughly 14.4% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Industrials 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, Klingelnberg AG generated revenue of CHF 286M at a net margin of -1.0%. Revenue declined 18.4% year over year. It earns a return on equity of -2.3%. Net debt stands at CHF 28.8M. Fundamentals as of Jul 20, 2026

Our scenario range runs from CHF 7.01 (bear case) to CHF 13.37 (bull case); at CHF 11.70, 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 12% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -14%, KLIN 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 2.60 CHF 2.87 CHF 3.17 80
Residual Income CHF 10.91 CHF 10.67 CHF 8.74 76
ROIC Compounder CHF 6.85 CHF 7.49 CHF 8.01 72
All 24 models by family
DCF Models
FCF DCF CHF 2.59 CHF 2.88 CHF 3.22 38
Owner Earnings CHF 4.17 CHF 4.90 CHF 5.72 31
5Y Revenue Exit CHF 6.98 CHF 10.74 CHF 15.41 39
5Y EBITDA Exit CHF 10.01 CHF 16.05 CHF 22.76 41
5Y P/E Exit CHF 6.87 CHF 10.54 CHF 14.17 38
10Y Revenue Exit CHF 4.71 CHF 7.33 CHF 10.59 36
10Y EBITDA Exit CHF 6.53 CHF 10.36 CHF 15.10 37
10Y P/E Exit CHF 4.85 CHF 7.21 CHF 9.83 35
Earnings-Based
Graham-Dodd CHF 4.46 CHF 9.44 CHF 11.97 54
PEG = 1.0 CHF 1.43 CHF 2.04 CHF 2.66 46
EPV CHF 6.85 CHF 7.49 CHF 8.01 59
Dividend Discount
Gordon GGM CHF 3.73 CHF 5.07 CHF 6.23 70
DDM Multi-Stage CHF 3.73 CHF 4.89 CHF 5.96 61
Multiples
P/E Multiple CHF 10.32 CHF 13.76 CHF 17.20 63
P/S Multiple CHF 8.36 CHF 11.14 CHF 13.93 58
P/B Multiple CHF 8.36 CHF 11.14 CHF 13.93 55
EV/EBIT CHF 15.32 CHF 19.93 CHF 24.53 53
EV/EBITDA CHF 18.50 CHF 24.17 CHF 29.83 54
EV/Revenue CHF 11.37 CHF 15.59 CHF 19.82 43
Asset-Based
NCAV (Graham) CHF 8.01 CHF 10.73 CHF 16.01 50
Growth DCF
Growth DCF CHF 2.60 CHF 2.87 CHF 3.17 80
Economic Profit
Residual Income CHF 10.91 CHF 10.67 CHF 8.74 76
ROIC Compounder CHF 6.85 CHF 7.49 CHF 8.01 72
Growth Earnings
Growth-Adj P/E CHF 7.59 CHF 10.85 CHF 14.10 68

Widest divergence: Multiples (CHF 13.76) versus Growth DCF (CHF 2.87). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) CHF 286M
Revenue growth (YoY) -18.4%
Net margin -1.0%
Return on equity -2.3%
Free cash flow CHF 1.2M FY2026
P/E ratio 16.7
More key figures
Operating margin -13.0%
EPS (TTM) CHF -0.3000
Dividend yield 5.0%
EPS growth (YoY) -26.2%
Net debt CHF 28.8M FY2026

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 47

Profitability 49
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 88
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

Klingelnberg AG develops, manufactures, and sells machines for bevel and cylindrical gear machining, and measuring centers for axially symmetrical objects and gears in Germany, Switzerland, Japan, the United States, and internationally. It operates through Bevel Gear, Cylindrical Gear, Measuring Centers, Drive Technology, and Other segments.

Full company description

Klingelnberg AG develops, manufactures, and sells machines for bevel and cylindrical gear machining, and measuring centers for axially symmetrical objects and gears in Germany, Switzerland, Japan, the United States, and internationally. It operates through Bevel Gear, Cylindrical Gear, Measuring Centers, Drive Technology, and Other segments. The company offers tool management, bevel gear cutting, bevel gear grinding, bevel gear lapping, and bevel gear testing machines, as well as related software, tools and fixtures, after sales services, and tool management products. It also provides cylindrical gear grinding and roll testing machines, machine operating software, and after sales service; and precision measuring centers, application products, and accessories, as well as gear, general coordinate, form and position, roughness, contour, and optical measurement products. In addition, the company offers customized bevel gears; range of engineering services, including bearing-pattern optimization, calculations, design and simulation of gear components, and determination of static and dynamic factors of the complete system; and digital solutions, which include smart tooling and process control, machine status analyzer, OPC UA UMATI, machine gate, and smart factory. It serves automotive, maritime propulsion, rail, mining/materials handling, oil and gas, agriculture, racing transmission, robot, aviation, electromobility, and wind power industries, as well as crusher gearboxes, commercial vehicles, industrial gear units, and contract manufacturers. The company was formerly known as Oerlikon Geartec AG Klingelnberg AG and changed its name to Klingelnberg AG in March 2004. Klingelnberg AG was founded in 1863 and is headquartered in Zurich, Switzerland.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Klingelnberg AG reported revenue of CHF 285M in FY2026 versus CHF 159M in FY2022, a compound +15.8%/yr. Reported net income was CHF 5.8M in FY2026.

Growth Quality 61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
CHF 285M
Latest YoY
−7.7%
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.
−2.8%
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.
+12.5%
Avg. growth/yr (9Y) 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.
+2.4%
Revenue +15.8%/yr
FY22 CHF 159M
FY23 CHF 310M
FY24 CHF 303M
FY25 CHF 309M
FY26 CHF 285M
Net income
FY22 −CHF 21.7M
FY23 CHF 20.8M
FY24 CHF 17.2M
FY25 CHF 10.0M
FY26 CHF 5.8M

KLIN screens 14% overvalued. Compare with GE Vernova Inc →

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

Peer Group

Specialty Industrial Machinery · 805 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 55 · Above median
Fair Value upside −14% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 13% · Above median
Revenue growth -0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 16.7× · Cheaper than 75% of peers
P/B 0.79× · Cheaper than 75% of peers
P/S (TTM) 0.39× · Cheaper than 75% of peers
P/FCF 90.2× · Pricier than 75% of peers
EV/EBITDA 6.5× · Cheaper 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 14 · sector 0
FUTURE 0 · sector 23
PAST 16 · sector 28
HEALTH 96 · sector 96
DIVIDEND 0 · sector 24

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 Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

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GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
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Eaton Corporation ETN $407.28 $171.92 -58%
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Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Klingelnberg AG (KLIN) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of CHF 10.01 versus a price of CHF 11.70, about −14% (overvalued).
What is the fair value of KLIN?
Our model-based fair value for Klingelnberg AG is CHF 10.01 (as of Jul 20, 2026), built from audited fundamentals. The current price is CHF 11.70.
What is the quality score of KLIN?
Klingelnberg AG has a Quality Score of 55/100. 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 Klingelnberg AG (KLIN)?
Klingelnberg AG reported trailing-twelve-month revenue of about CHF 286M (latest available figure, as of Jul 20, 2026).
What is the net profit margin of KLIN?
The net profit margin of Klingelnberg AG is about -1.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Klingelnberg AG pay a dividend?
Klingelnberg AG currently shows a dividend yield of about 4.96% relative to its recent price (as of Jul 20, 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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