EN DE

Komax Holding (KOMN) Fair Value & Analysis

Industrials · CH · Market cap CHF 229M

KH Komax Holding KOMN · SW
PriceCHF 57.90
Fair ValueCHF 34.22
Upside-40.9%
Quality39/100
Watch Komax Holding for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Loss-making · -1.6% net margin
Low debt · negative free cash flow
Trails peers (3/12)
Narrow moat 22/100
Evidence: Low Range CHF 20.21 – CHF 48.23 Share as image

Fair value as of: Jul 12, 2026

From 2 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from CHF 293.28 to CHF 34.22 (−88.3%) since Jun 24, 2026. Share price +29.8% over the past month.

Below-average quality, and screening another 41% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 48.23). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (CHF 20.21 to CHF 48.23) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

CHF 299.17 CHF 41.25 Fair Value CHF 34.22 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range CHF 41.25 – CHF 299.17 · fair‑value band CHF 20.21 – CHF 48.23 · the CHF 57.90 price screens above the CHF 34.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Komax Holding (KOMN) currently trades at CHF 57.90, while our model-based Fair Value estimate is CHF 34.22, implying the stock looks roughly 40.9% overvalued today. The Quality Score stands at 39/100 (below-average 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: low).

Over the trailing twelve months, Komax Holding generated revenue of CHF 576M at a net margin of -1.6%. Revenue declined 2.3% year over year. It earns a return on equity of -2.3%. Net debt stands at CHF 112M. Fundamentals as of Jul 12, 2026

Our scenario range runs from CHF 20.21 (bear case) to CHF 48.23 (bull case); at CHF 57.90, 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 about 51% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -41%, KOMN 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
EV/EBITDA CHF 22.77 CHF 36.78 CHF 50.79 54
NCAV (Graham) CHF 32.59 CHF 43.67 CHF 65.17 50
All 2 models by family
Multiples
EV/EBITDA CHF 22.77 CHF 36.78 CHF 50.79 54
Asset-Based
NCAV (Graham) CHF 32.59 CHF 43.67 CHF 65.17 50

Widest divergence: Asset-Based (CHF 43.67) versus Multiples (CHF 36.78). Highest evidence: EV/EBITDA (54).

Notify me when KOMN reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) CHF 576M
Revenue growth (YoY) -2.3%
Net margin -1.6%
Return on equity -2.3%
Free cash flow −CHF 6.3M FY2025
Operating margin 0.1%
More key figures
EPS (TTM) CHF -1.77
EPS growth (YoY) -93.8%
Net debt CHF 112M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 38 · Market factors (momentum, volatility) 28

Profitability 27
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 49
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

Komax Holding AG, together with its subsidiaries, provides automated wire processing solutions in the North and South America, Europe, the Asia/Pacific, and Africa.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Komax Holding reported revenue of CHF 574M in FY2025 versus CHF 416M in FY2021, a compound +8.4%/yr. Reported net income was −CHF 9.1M in FY2025.

Growth Quality 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
CHF 574M
Latest YoY
−8.5%
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.
−1.4%
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.
+12.3%
Avg. growth/yr (23Y) 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.
+4.9%
Revenue +8.4%/yr
FY21 CHF 416M
FY22 CHF 599M
FY23 CHF 745M
FY24 CHF 628M
FY25 CHF 574M
Net income
FY21 CHF 30.4M
FY22 CHF 51.8M
FY23 CHF 43.8M
FY24 −CHF 3.2M
FY25 −CHF 9.1M

KOMN screens 41% overvalued. Compare with GE Vernova Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

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

Peer Group

Specialty Industrial Machinery · 808 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 39 · Bottom 25%
Fair Value upside −41% · Below median
Return on assets 1% · Below median
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -2% · Below median
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/B 0.85× · Cheaper than 75% of peers
P/S (TTM) 0.49× · Cheaper than 75% of peers
EV/EBITDA 18.4× · Pricier than median
PEG 1.13× · Cheaper 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 0 · sector 0
FUTURE 0 · sector 23
PAST 0 · sector 28
HEALTH 76 · sector 96
DIVIDEND 0 · 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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
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%

Compare Komax Holding with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Komax Holding (KOMN) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of CHF 34.22 versus a price of CHF 57.90, about −41% (overvalued).
What is the fair value of KOMN?
Our model-based fair value for Komax Holding is CHF 34.22 (as of Jul 12, 2026), built from audited fundamentals. The current price is CHF 57.90.
What is the quality score of KOMN?
Komax Holding has a Quality Score of 39/100. 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 Komax Holding (KOMN)?
Komax Holding reported trailing-twelve-month revenue of about CHF 576M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of KOMN?
The net profit margin of Komax Holding is about -1.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Komax Holding and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.