Kudelski (KUD) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kudelski CHF 0.92, price CHF 1.25, upside -26.4%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range CHF 1.11 – CHF 4.19 · fair‑value band CHF 0.6900 – CHF 1.37 · the CHF 1.25 price screens above the CHF 0.9200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Kudelski SA, together with its subsidiaries, provides digital access and security solutions for digital television and interactive applications in Switzerland, the United States, France, Germany, Netherlands, and internationally. It operates through three segments: Core Digital Security, Cybersecurity, and Internet of Things (IoT).
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Kudelski SA, together with its subsidiaries, provides digital access and security solutions for digital television and interactive applications in Switzerland, the United States, France, Germany, Netherlands, and internationally. It operates through three segments: Core Digital Security, Cybersecurity, and Internet of Things (IoT). The company offers middleware software solutions for set-top boxes and other consumer devices, as well as engages in intellectual property activities. It also provides cybersecurity solutions, including advisory services, technology and resale services, and managed security solutions. In addition, the company offers watermarking solutions; smartcards and digital TV sales and support services; finance services; research and development; Middleware for set-top-boxes; and digital broadcasting solutions, as well as operates a travel agency. Kudelski SA was founded in 1951 and is headquartered in Cheseaux-sur-Lausanne, Switzerland.
Stock analysis
Kudelski (KUD) currently trades at CHF 1.25, while our model-based Fair Value estimate is CHF 0.9200, implying the stock looks roughly 35.9% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 93/100, which puts the evidence level at low.
Scenario range: CHF 0.6900 (bear) to CHF 1.37 (bull), the price of CHF 1.25 sits inside 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 42/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Kudelski reported revenue of $384M in FY2025 versus $754M in FY2021, a compound −15.5%/yr. Reported net income was −$44.4M in FY2025.
Key figures
Market cap CHF 121M · P/S ratio 0.33 · EPS (TTM) CHF −0.6100 · Net margin −11.6% · Return on equity −12.9% · Return on assets (EBIT) −5.3% · Operating margin −1.6% · Revenue (TTM) $367M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −26%, KUD screens richer than that median.
Fair Value models
Bear CHF 0.6900Fair Value CHF 0.9200Bull CHF 1.37
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.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.6/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.1%
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.
−18.4%
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.
−12.0%
Start year 2020 (pandemic). Over 10 years: −8.5% a year
Revenue growth 21 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.
−1.5%
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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.
2.2% (2020) → −8.7% (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
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Software - Application · 721 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−26% · Below median
Profitability
Return on assets−3% · Below median
Net margin (TTM)−12% · Bottom 25%
Operating margin (TTM)−2% · Below median
Growth and dividend
Revenue growth−2% · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B0.48× · Cheapest 25%
P/S (TTM)0.40× · Cheapest 25%
PEG0.16× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)0· sector 38
PAST (return on equity)0· sector 16
HEALTH (low debt)100· sector 97
DIVIDEND (yield)0· sector 30
VALUE 0: the price sits above our fair-value range.
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). "Kudelski Fair Value". https://www.fairvalue-calculator.com/stock/KUD
Frequently asked questions
Is Kudelski (KUD) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of CHF 0.9200 versus a price of CHF 1.25, about −26% upside (overvalued).
What is the fair value of KUD?
Our model-based fair value for Kudelski is CHF 0.9200 (as of Sep 23, 2026), built from audited fundamentals. The current price: CHF 1.25.
What is the quality score of KUD?
Kudelski has a Quality Score of 42/100. 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 Kudelski (KUD)?
Our model-based price target is the fair value of CHF 0.9200 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario CHF 0.6900, optimistic scenario CHF 1.37. It is a calculation from audited fundamentals, not an analyst target.
What is the Kudelski stock forecast for 2026?
Our models put fair value at CHF 0.9200, about −26% upside versus a price of CHF 1.25 (overvalued). Cautious scenario CHF 0.6900, optimistic scenario CHF 1.37. The calculation is refreshed regularly with new filings.
What is the revenue of Kudelski (KUD)?
Kudelski reported trailing-twelve-month revenue of about $367M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Kudelski (KUD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kudelski it is CHF 0.9200 per share (as of Sep 23, 2026), against a price of CHF 1.25. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Kudelski stock overvalued or undervalued in 2026?
As of Sep 23, 2026, KUD trades above its calculated fair value: price CHF 1.25, fair value CHF 0.9200, a gap of about −26% (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 KUD?
No. The price is what the market pays today (CHF 1.25); the fair value is what the company's own numbers justify (CHF 0.9200). For Kudelski the two are CHF 0.3300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kudelski worth?
The market values Kudelski at about CHF 121M (market capitalisation, as of Sep 23, 2026). Per share that is CHF 1.25; our models calculate a fair value of CHF 0.9200 per share.
What do the bullish and bearish scenarios say about KUD?
Our models span a range for Kudelski: cautious scenario CHF 0.6900, base CHF 0.9200, optimistic CHF 1.37 per share (as of Sep 23, 2026, price CHF 1.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of KUD?
The PEG ratio of Kudelski is 0.16 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Kudelski (KUD)?
Balance-sheet figures for Kudelski (as of Sep 23, 2026): return on equity −12.9%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is KUD from its 52-week high?
Kudelski trades at CHF 1.25, about 9% below its 52-week high of CHF 1.38 and 13% above the low of CHF 1.11 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 0.9200 is for.
Which stocks are comparable to Kudelski?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, 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 Kudelski stock attractive at the current price?
The data as of Sep 23, 2026: price CHF 1.25, calculated fair value CHF 0.9200 (−26%), Quality Score 42/100, from 1 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 KUD calculated?
We run Kudelski through 1 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 CHF 0.9200, 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 14.0 % above its aggregate fair value. Kudelski 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 Kudelski (KUD)?
The closing price on Sep 24, 2026 was CHF 1.25. Our model-based fair value is CHF 0.9200, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kudelski right now?
Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (CHF 0.6900 to CHF 1.37) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Kudelski
How large is the market capitalisation of Kudelski (KUD)?
The market capitalisation of Kudelski is CHF 121M. 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 Kudelski (KUD)?
The price-to-sales ratio of Kudelski is 0.33 (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 Kudelski (KUD)?
Earnings per share at Kudelski are CHF −0.6100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kudelski (KUD)?
The net margin of Kudelski is −11.6% (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 Kudelski (KUD)?
The return on equity (ROE) of Kudelski is −12.9% (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 Kudelski (KUD)?
On an EBIT basis the return on assets of Kudelski is −5.3% (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 Kudelski (KUD)?
The operating margin of Kudelski is −1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kudelski (KUD)?
Revenue at Kudelski is growing −2.3% versus a year earlier (3y avg −18.4%). 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 Kudelski (KUD)?
Earnings per share at Kudelski are growing +348% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kudelski (KUD) generate?
The free cash flow of Kudelski is −$19.5M (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 Kudelski (KUD) carry?
The net debt of Kudelski is $29.6M (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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