Komax Holding (KMAAF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Komax Holding $41.68, price $85.12, upside -51.0%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $69.79 – $303.49 · fair‑value band $24.61 – $58.74 · the $85.12 price screens above the $41.68 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Komax Holding AG, together with its subsidiaries, provides automated wire processing solutions in the North and South America, Europe, the Asia/Pacific, and Africa.
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Komax Holding AG, together with its subsidiaries, provides automated wire processing solutions in the North and South America, Europe, the Asia/Pacific, and Africa. The company offers higher automation platform products, such as harness manufacturing, automatic crimping, wire twisting, process modules, high voltage platforms, and data wire platforms; and semi-automation machines for stripping, crimping, cutting, and custom automation for various wire types and sizes. It also provides peripherals, wire handling, and wire and marking identification; software and networking solutions; taping and tubing solutions, including harness taping, spot taping, tape dispensing, and heat shrinking; cable and harness testing and quality tools; CARE Maintain service for customized maintenance schedule; CARE Warranty service for warranty coverage; CARE Calibrate service for inspection and calibration; CARE Upskill service for on-site evaluation of staff educational status; and CARE Inspect for on-site inspection of technology assets. In addition, the company offers on-demand services comprising feasibility, installation, acceptance, repair, training, calibration, maintenance, inspection, emergency, consultation, relocation, and ramp-up; original parts services; and financial services consisting of leasing and credit. It provides its products under the Komax, Schleuniger, adaptronic, Cirris, DiIT, Hosver, Lintech, and WUSTEC brands. The company serves automotive, aerospace, railway, industrial, and infrastructure markets. Komax Holding AG was founded in 1975 and is headquartered in Dierikon, Switzerland.
Stock analysis
Komax Holding (KMAAF) currently trades at $85.12, while our model-based Fair Value estimate is $41.68, 51.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $52.73 per share, and 0 of the 4 models we run sit above the $85.12 price.
Bear case: the Dividend Discount group reads lowest at $42.24, and 4 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: $24.61 (bear) to $58.74 (bull), the price of $85.12 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Komax Holding reported revenue of CHF 574M in FY2025 versus CHF 418M in FY2021, a compound +8.2%/yr. Reported net income was −CHF 9.1M in FY2025.
Key figures
Market cap $436M · P/S ratio 0.67 · EPS (TTM) $−2.23 · Net margin −1.6% · Return on equity −2.3% · Return on assets (EBIT) 6.2% · Operating margin 0.1% · Revenue (TTM) CHF 576M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −51%, KMAAF screens richer than that median.
Fair Value models
Bear $24.61Fair Value $41.68Bull $58.74
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−8.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
Start year 2020 (pandemic). Over 10 years: +4.6% a year
Revenue growth 23 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
3.5% (2020) → 0.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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Cite: Fair Value Calculator (2026). "Komax Holding Fair Value". https://www.fairvalue-calculator.com/stock/KMAAF
Frequently asked questions
Is Komax Holding (KMAAF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $41.68 versus the last price from Sep 25, 2026 of $85.12, about −51% upside (overvalued).
What is the fair value of KMAAF?
Our model-based fair value for Komax Holding is $41.68 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $85.12.
What is the quality score of KMAAF?
Komax Holding has a Quality Score of 38/100. 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 price target for Komax Holding (KMAAF)?
Our model-based price target is the fair value of $41.68 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario $24.61, optimistic scenario $58.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Komax Holding stock forecast for 2026?
Our models put fair value at $41.68, about −51% upside versus the last price from Sep 25, 2026 of $85.12 (overvalued). Cautious scenario $24.61, optimistic scenario $58.74. The calculation is refreshed regularly with new filings.
What is the revenue of Komax Holding (KMAAF)?
Komax Holding reported trailing-twelve-month revenue of about CHF 576M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Komax Holding (KMAAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Komax Holding it is $41.68 per share (as of Sep 24, 2026), against a price of $85.12. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Komax Holding stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KMAAF trades above its calculated fair value: price $85.12, fair value $41.68, a gap of about −51% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KMAAF?
No. The price is what the market pays today ($85.12); the fair value is what the company's own numbers justify ($41.68). For Komax Holding the two are $43.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Komax Holding worth?
The market values Komax Holding at about $436M (market capitalisation, as of Sep 24, 2026). Per share that is $85.12; our models calculate a fair value of $41.68 per share.
What do the bullish and bearish scenarios say about KMAAF?
Our models span a range for Komax Holding: cautious scenario $24.61, base $41.68, optimistic $58.74 per share (as of Sep 24, 2026, price $85.12). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is KMAAF from its 52-week high?
Komax Holding trades at $85.12, about 30% below its 52-week high of $122.20 and 22% above the low of $69.79 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $41.68 is for.
Which stocks are comparable to Komax Holding?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Komax Holding stock attractive at the current price?
The data as of Sep 24, 2026: price $85.12, calculated fair value $41.68 (−51%), Quality Score 38/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KMAAF calculated?
We run Komax Holding through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $41.68, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Komax Holding itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Komax Holding (KMAAF)?
The latest price we hold is from Sep 25, 2026 and stands at $85.12. Our model-based fair value is $41.68, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Komax Holding right now?
The price sits above even our optimistic bull case ($58.74). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($24.61 to $58.74) leaves room in how you read the outcome.
Key figures of Komax Holding
How large is the market capitalisation of Komax Holding (KMAAF)?
The market capitalisation of Komax Holding is $436M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Komax Holding (KMAAF)?
The price-to-sales ratio of Komax Holding is 0.67 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Komax Holding (KMAAF)?
Earnings per share at Komax Holding are $−2.23. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Komax Holding (KMAAF)?
The net margin of Komax Holding is −1.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Komax Holding (KMAAF)?
The return on equity (ROE) of Komax Holding is −2.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Komax Holding (KMAAF)?
On an EBIT basis the return on assets of Komax Holding is 6.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Komax Holding (KMAAF)?
The operating margin of Komax Holding is 0.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Komax Holding (KMAAF)?
Revenue at Komax Holding is growing −2.3% versus a year earlier (3y avg −1.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Komax Holding (KMAAF)?
Earnings per share at Komax Holding are growing −93.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Komax Holding (KMAAF) generate?
The free cash flow of Komax Holding is −CHF 6.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Komax Holding (KMAAF) carry?
The net debt of Komax Holding is CHF 112M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 24, 2026