EN DE
Watch Leclanche SA for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Leclanche SA (LECN) fair value: what the stock is really worth

As of Oct 28, 2026: fair value (intrinsic value) of Leclanche SA stock CHF 0.07, price CHF 0.08, that is 22.6% below the price, quality 9 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Industrials CH · ISIN CH0110303119

LS Leclanche SA logo Thin data Nov 10, 2026

Leclanche SA

LECN · SW
Expensive, weak quality

Our calculation puts a fair price 23% below what the stock costs today.

Revenue last quarter +39% vs. a year ago.
Negative equity (buybacks among others)
Mixed vs. peers (2/5)
Fair value CHF 0.0653 · Overvalued
Quality 9/100
Weak Growth (revenue 5y +1.6 %/yr in CHF)
Negative free cash flow
Narrow moat 36/100 · thin data
Thin data
Estimate⚠ Thinly traded
Watch Leclanche SA for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

CHF 0.9400 CHF 0.0400 Fair Value CHF 0.0653 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range CHF 0.0400 – CHF 0.9400 · fair‑value band CHF 0.0523 – CHF 0.0784 · the CHF 0.0844 price screens above the CHF 0.0653 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

Follow Leclanche in your weekly email

Every Wednesday you see whether Leclanche is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

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

Company profile

Leclanché SA, together with its subsidiaries, designs, develops, and manufactures customized turnkey energy storage solutions for electricity generation and transmission, mass transportation, heavy industrial machines, and special low voltage battery systems.

Show moreShow less

It operates through three segments: Stationary Business Unit, E-Mobility Business Unit, and Specialty Battery Business Unit.

The Stationary Business Unit segment sells customized systems to support customers in electricity generation markets, such as renewable energy integration, micro-grid, or distributed power; and in transmission and distribution markets.

The E-Mobility Business Unit segment sells customized systems to support customers in the mass marine, and road and rail transportation.

The Specialty Battery Business Unit segment develops and delivers turn-key customized solutions and off-the-shelf solutions incorporating battery storage and/or charging solutions use in-house and third-party technologies for civil, military, medical, and industrial machineries markets.

The company operates in Switzerland, the Netherlands, Canada, Norway, Italy, France, the United States, Slovakia, Denmark, Croatia, Spain, Germany, and internationally. Leclanché SA was incorporated in 1909 and is headquartered in Yverdon-les-Bains, Switzerland.

Stock analysis

Leclanche SA (LECN) currently trades at CHF 0.0844, while our estimate is CHF 0.0653, 23% below the price, so the stock looks overvalued today.

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: CHF 0.0523 (bear) to CHF 0.0784 (bull), the price of CHF 0.0844 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 9/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Leclanche SA reported revenue of CHF 17.4M in FY2024 versus CHF 21.6M in FY2020, a compound −5.4%/yr. Reported net income was −CHF 67.7M in FY2024.

Key figures

Market cap CHF 135M Micro · P/S ratio 6.95 · EPS (TTM) CHF −0.0900 · Return on assets (EBIT) −67.2% (5-year average) · Operating margin −383% · Revenue (TTM) CHF 19.4M · Revenue growth (YoY) +39.3% · Free cash flow −CHF 48.5M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).

What moves the price

The share trades about 51% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at −23%, LECN screens richer than that median.

Fair Value

Bear CHF 0.0523 Fair Value CHF 0.0653 Bull CHF 0.0784
Price CHF 0.0844 · Downside -22.6%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 9/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 27
Are margins and returns getting better?
Cashflow 2
Do the profits arrive as real cash?
Financial strength 5
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 26
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 1/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.9%
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.
−2.8%
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.
+1.6%
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.
−3.6%
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.
−400.1% (2019) → −303.7% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed

LECN screens overvalued: fair value 23% below the price. Compare with Contemporary Amperex Technology Co →

Compare Leclanche SA with another stock

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

Free, no sign-up

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.Electrical Equipment & Parts · 590 stocks

Beats the industry median on 2/5 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 9 · Bottom 25%
Fair Value upside −22.6% · Above median
Profitability
Return on equity (12 months) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −62.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 39.3% · Top 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months) 6.95× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)3 · sector 0
FUTURE (revenue growth)100 · sector 66
PAST (return on equity)0 · sector 25
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 23

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Context: sector, industry, market

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Contemporary Amperex Technology Co 300750 ¥249.95 ¥648.35 +159% vs LECN
Sungrow Power Supply Co 300274 ¥79.60 ¥182.32 +129% vs LECN
NARI Technology Co 600406 ¥23.40 ¥29.39 +26% vs LECN
Vertiv Holdings VRT $194.22 $178.64 −8% vs LECN
Samsung SDI Co 006400 456,000 KRW 395,019 KRW −13% vs LECN
Legrand SA LR €135.60 €82.49 −39% vs LECN
Prysmian S.p.A PRY €107.20 €64.29 −40% vs LECN
ABB Ltd ABBN CHF 68.98 CHF 29.62 −57% vs LECN
Delta Electronics (Thailand) Public Company DELTA 193.00 THB 39.14 THB −80% vs LECN
LG Energy Solution, Ltd 373220 330,500 KRW 53,325 KRW −84% vs LECN

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low StocksStocks for 2027: Large Companies Below Fair Value

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
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.

Leclanche SA: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Leclanche SA Fair Value". https://www.fairvalue-calculator.com/stock/LECN

Frequently asked questions

Is Leclanche SA (LECN) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is CHF 0.0653 versus the last price from Oct 28, 2026 of CHF 0.0844, about 23% lower (overvalued).
What is the fair value of LECN?
Our estimate for Leclanche SA is CHF 0.0653 (as of Nov 10, 2026), built from audited fundamentals. Last price (from Oct 28, 2026): CHF 0.0844.
What is the quality score of LECN?
Leclanche SA has a Quality Score of 9/100. 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 Leclanche SA (LECN)?
Our calculated price target is the estimate of CHF 0.0653 (as of Nov 10, 2026). Cautious scenario CHF 0.0523, optimistic scenario CHF 0.0784. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Leclanche SA stock forecast for 2026?
Our estimate puts fair value at CHF 0.0653, about 23% lower versus the last price from Oct 28, 2026 of CHF 0.0844 (overvalued). Cautious scenario CHF 0.0523, optimistic scenario CHF 0.0784. The calculation is refreshed regularly with new filings.
What is the revenue of Leclanche SA (LECN)?
Leclanche SA reported trailing-twelve-month revenue of about CHF 19.4M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Leclanche SA (LECN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Leclanche SA it is CHF 0.0653 per share (as of Nov 10, 2026), against a price of CHF 0.0844.
Is Leclanche SA stock overvalued or undervalued in 2026?
As of Nov 10, 2026, LECN trades above its calculated fair value: price CHF 0.0844, fair value CHF 0.0653, a gap of about −23% (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 LECN?
No. The price is what the market pays today (CHF 0.0844); the fair value is what the company's own numbers justify (CHF 0.0653). For Leclanche SA the two are CHF 0.0191 per share apart. That gap is exactly why we show both numbers side by side.
How much is Leclanche SA worth?
The market values Leclanche SA at about CHF 135M (market capitalisation, as of Nov 10, 2026). Per share that is CHF 0.0844; our models calculate a fair value of CHF 0.0653 per share.
What do the bullish and bearish scenarios say about LECN?
Our models span a range for Leclanche SA: cautious scenario CHF 0.0523, base CHF 0.0653, optimistic CHF 0.0784 per share (as of Nov 10, 2026, price CHF 0.0844). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Leclanche SA (LECN)?
Balance-sheet figures for Leclanche SA (as of Nov 10, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 9/100, which measures business quality independently of the share price.
How far is LECN from its 52-week high?
Leclanche SA trades at CHF 0.0844, about 51% below its 52-week high of CHF 0.1715 and 1% above the low of CHF 0.0832 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 0.0653 is for.
Which stocks are comparable to Leclanche SA?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 Leclanche SA stock attractive at the current price?
The data as of Nov 10, 2026: price CHF 0.0844, calculated fair value CHF 0.0653 (−23%), Quality Score 9/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Leclanche SA 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 Leclanche SA (LECN)?
The latest price we hold is from Oct 28, 2026 and stands at CHF 0.0844. Our estimate is CHF 0.0653, about 23% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Leclanche SA right now?
The price sits above even our optimistic bull case (CHF 0.0784). The favourable scenario is already priced in. Weak quality (9/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Leclanche SA

How large is the market capitalisation of Leclanche SA (LECN)?
The market capitalisation of Leclanche SA is CHF 135M. 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 Leclanche SA (LECN)?
The price-to-sales ratio of Leclanche SA is 6.95 (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 Leclanche SA (LECN)?
Earnings per share at Leclanche SA are CHF −0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the EBIT return on assets of Leclanche SA (LECN)?
On an EBIT basis the return on assets of Leclanche SA is −67.2% (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 Leclanche SA (LECN)?
The operating margin of Leclanche SA is −383% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Leclanche SA (LECN)?
Revenue at Leclanche SA is growing +39.3% versus a year earlier (3y avg −2.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Leclanche SA (LECN) generate?
The free cash flow of Leclanche SA is −CHF 48.5M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Leclanche SA (LECN) carry?
The net debt of Leclanche SA is CHF 45.0M (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Leclanche SA in the live analysis

One click puts Leclanche SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.