Chocoladefabriken Lindt & Spruengli AG Part (LISP) fair value: what the stock is really worth
We calculate from audited financials what Chocoladefabriken Lindt & Spruengli AG Part is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 18, 2026.
How to read this chart
60‑month range CHF 8,255 – CHF 13,411 · fair‑value band CHF 2,503 – CHF 7,249 · the CHF 8,570 price screens above the CHF 4,636 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Chocoladefabriken Lindt & Sprüngli AG, together with its subsidiaries, engages in the development, manufacture, and sale of chocolate products worldwide. The company sells its products under the Lindt, Ghirardelli, Russell Stover, Whitman's, Caffarel, Hofbauer and Küfferle, and Pangburn's, Gold Bunny, and Lindor brands.
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Chocoladefabriken Lindt & Sprüngli AG, together with its subsidiaries, engages in the development, manufacture, and sale of chocolate products worldwide. The company sells its products under the Lindt, Ghirardelli, Russell Stover, Whitman's, Caffarel, Hofbauer and Küfferle, and Pangburn's, Gold Bunny, and Lindor brands. It serves customers through a network of distributors, as well as through own stores. The company was founded in 1845 and is headquartered in Kilchberg, Switzerland.
Stock analysis
Chocoladefabriken Lindt & Spruengli AG Part (LISP) currently trades at CHF 8,570, while our model-based Fair Value estimate is CHF 4,636, implying the stock looks roughly 84.9% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of CHF 5,716 per share, and 0 of the 26 models we run sit above the CHF 8,570 price.
Bear case: the Asset-Based group reads lowest at CHF 1,432, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: CHF 2,503 (bear) to CHF 7,249 (bull), the price of CHF 8,570 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 63/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Chocoladefabriken Lindt & Spruengli AG Part reported revenue of CHF 5.9B in FY2025 versus CHF 4.6B in FY2021, a compound +6.6%/yr. Reported net income was CHF 727M in FY2025, compounding +10.3%/yr from FY2021.
Key figures
Market cap CHF 22.2B · P/E ratio 29.7 · P/S ratio 3.65 · EPS (TTM) CHF 313.58 · Dividend yield 2.1% · Net margin 12.3% · Return on equity 14.8% · Return on assets (EBIT) 9.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −41% fair-value upside, at −46%, LISP screens richer than that median.
Fair Value models
Bear CHF 2,503Fair Value CHF 4,636Bull CHF 7,249
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (CHF 97.24 per share) are deliberately not added.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.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+8.2%
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.
+6.0%
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.
+8.1%
Revenue growth 26 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.
+5.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+11.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.2%
Dividend (yield on the price)2.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9% vs 7%, steady
Profit margin 2020 to 2025 ⓘ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.11% → 17%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+30.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.1%
Yearly sales growth analysts expect, extended to five years.
Compare Chocoladefabriken Lindt & Spruengli AG Part with another stock
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.Confectioners · 76 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−45% · Below median
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)12% · Top 25%
Operating margin (TTM)20% · Top 25%
Growth and dividend
Revenue growth8% · Above median
Dividend yield (TTM)2.1% · Below median
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Confectioners median · lower = cheaper
P/E (TTM)29.7× · Pricier than median
P/B5.54× · Priciest 25%
P/S (TTM)4.61× · Priciest 25%
P/FCF111.0× · Priciest 25%
EV/EBITDA24.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 31
FUTURE (revenue growth)38· sector 0
PAST (return on equity)59· sector 20
HEALTH (low debt)88· sector 92
DIVIDEND (yield)42· sector 53
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). "Chocoladefabriken Lindt & Spruengli AG Part Fair Value". https://www.fairvalue-calculator.com/stock/LISP
Frequently asked questions
Is Chocoladefabriken Lindt & Spruengli AG Part (LISP) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of CHF 4,636 versus a price of CHF 8,570, about −46% upside (overvalued).
What is the fair value of LISP?
Our model-based fair value for Chocoladefabriken Lindt & Spruengli AG Part is CHF 4,636 (as of Sep 18, 2026), built from audited fundamentals. The current price: CHF 8,570.
What is the quality score of LISP?
Chocoladefabriken Lindt & Spruengli AG Part has a Quality Score of 63/100. 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 Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
Our model-based price target is the fair value of CHF 4,636 (as of Sep 18, 2026) from 26 valuation models. Cautious scenario CHF 2,503, optimistic scenario CHF 7,249. It is a calculation from audited fundamentals, not an analyst target.
What is the Chocoladefabriken Lindt & Spruengli AG Part stock forecast for 2026?
Our models put fair value at CHF 4,636, about −46% upside versus a price of CHF 8,570 (overvalued). Cautious scenario CHF 2,503, optimistic scenario CHF 7,249. The calculation is refreshed regularly with new filings.
What is the revenue of Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
Chocoladefabriken Lindt & Spruengli AG Part reported trailing-twelve-month revenue of about CHF 6.0B (latest available figure, as of Sep 18, 2026).
Does Chocoladefabriken Lindt & Spruengli AG Part pay a dividend?
Chocoladefabriken Lindt & Spruengli AG Part currently shows a dividend yield of about 2.10% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
For today's price to be fair in a discounted-cash-flow model, Chocoladefabriken Lindt & Spruengli AG Part would have to grow free cash flow by +30.5 % per year for five years (discount rate 7.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.1 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of LISP use?
Our models discount Chocoladefabriken Lindt & Spruengli AG Part at 7.9 %: a base by market capitalisation (large), damped by beta 0.46, country premium for Switzerland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Chocoladefabriken Lindt & Spruengli AG Part that is +30.5 % per year a year over ten years, using the same discount rate (7.9 %) and the same formula as our fair value.
How much growth has Chocoladefabriken Lindt & Spruengli AG Part (LISP) delivered so far?
Over the past 5 years revenue at Chocoladefabriken Lindt & Spruengli AG Part grew +8.1 % a year. The price currently implies +30.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Chocoladefabriken Lindt & Spruengli AG Part (LISP) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Chocoladefabriken Lindt & Spruengli AG Part (+30.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
The free-cash-flow yield on the price is 1.24 %: that much free cash flow Chocoladefabriken Lindt & Spruengli AG Part produces per unit of market value. When it exceeds the discount rate of our models (7.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chocoladefabriken Lindt & Spruengli AG Part it is CHF 4,636 per share (as of Sep 18, 2026), against a price of CHF 8,570. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chocoladefabriken Lindt & Spruengli AG Part stock overvalued or undervalued in 2026?
As of Sep 18, 2026, LISP trades above its calculated fair value: price CHF 8,570, fair value CHF 4,636, a gap of about −46% (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 LISP?
No. The price is what the market pays today (CHF 8,570); the fair value is what the company's own numbers justify (CHF 4,636). For Chocoladefabriken Lindt & Spruengli AG Part the two are CHF 3,934 per share apart. That gap is exactly why we show both numbers side by side.
How much is Chocoladefabriken Lindt & Spruengli AG Part worth?
The market values Chocoladefabriken Lindt & Spruengli AG Part at about CHF 22.2B (market capitalisation, as of Sep 18, 2026). Per share that is CHF 8,570; our models calculate a fair value of CHF 4,636 per share.
What do the bullish and bearish scenarios say about LISP?
Our models span a range for Chocoladefabriken Lindt & Spruengli AG Part: cautious scenario CHF 2,503, base CHF 4,636, optimistic CHF 7,249 per share (as of Sep 18, 2026, price CHF 8,570). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LISP?
Chocoladefabriken Lindt & Spruengli AG Part trades at a price-to-earnings ratio of 29.7 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 4,636 is built from several models across several years. Other multiples: PEG 0.7, P/B 5.5, P/S 4.6, EV/EBITDA 24.1.
What is the PEG ratio of LISP?
The PEG ratio of Chocoladefabriken Lindt & Spruengli AG Part is 0.67 (P/E divided by earnings growth, as of Sep 18, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
Balance-sheet figures for Chocoladefabriken Lindt & Spruengli AG Part (as of Sep 18, 2026): return on equity 14.8%, debt of 0.24 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is LISP from its 52-week high?
Chocoladefabriken Lindt & Spruengli AG Part trades at CHF 8,570, about 37% below its 52-week high of CHF 13,500 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 4,636 is for.
Which stocks are comparable to Chocoladefabriken Lindt & Spruengli AG Part?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Barry Callebaut AG, ORION Corp, 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 Chocoladefabriken Lindt & Spruengli AG Part stock attractive at the current price?
The data as of Sep 18, 2026: price CHF 8,570, calculated fair value CHF 4,636 (−46%), Quality Score 63/100, from 26 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 LISP calculated?
We run Chocoladefabriken Lindt & Spruengli AG Part through 26 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 4,636, 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 16.1 % above its aggregate fair value. Chocoladefabriken Lindt & Spruengli AG Part 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 Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
The closing price on Sep 21, 2026 was CHF 8,570. Our model-based fair value is CHF 4,636, about −46% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chocoladefabriken Lindt & Spruengli AG Part right now?
The price sits above even our optimistic bull case (CHF 7,249). The favourable scenario is already priced in. The model range is unusually wide (CHF 2,503 to CHF 7,249). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Chocoladefabriken Lindt & Spruengli AG Part (LISP) come from?
Earnings per share at Chocoladefabriken Lindt & Spruengli AG Part grew +6.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.7 %, EBIT margin +1.5 %, tax rate +0.9 %, residual (interest, one-offs) −0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Chocoladefabriken Lindt & Spruengli AG Part
How large is the market capitalisation of Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
The market capitalisation of Chocoladefabriken Lindt & Spruengli AG Part is CHF 22.2B. 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 Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
The price-to-sales ratio of Chocoladefabriken Lindt & Spruengli AG Part is 3.65 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
Earnings per share at Chocoladefabriken Lindt & Spruengli AG Part are CHF 313.58 (price ÷ EPS = P/E 29.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
The dividend yield of Chocoladefabriken Lindt & Spruengli AG Part is 2.1% (payout 57.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
The net margin of Chocoladefabriken Lindt & Spruengli AG Part is 12.3% (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 Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
The return on equity (ROE) of Chocoladefabriken Lindt & Spruengli AG Part is 14.8% (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 Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
On an EBIT basis the return on assets of Chocoladefabriken Lindt & Spruengli AG Part is 9.4% (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 Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
The operating margin of Chocoladefabriken Lindt & Spruengli AG Part is 20.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
Revenue at Chocoladefabriken Lindt & Spruengli AG Part is growing +7.5% versus a year earlier (3y avg +6.0%). 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 Chocoladefabriken Lindt & Spruengli AG Part (LISP)?
Earnings per share at Chocoladefabriken Lindt & Spruengli AG Part are growing +19.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chocoladefabriken Lindt & Spruengli AG Part (LISP) carry?
The net debt of Chocoladefabriken Lindt & Spruengli AG Part is CHF 1.1B (fiscal year 2025, ≈ 4.4 yrs of FCF). 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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