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Chocoladefabriken Lindt & Sprüngli AG (LISP) Fair Value & Analysis

Consumer Defensive · CH · Market cap CHF 22.2B

CL Chocoladefabriken Lindt & Sprüngli AG LISP · SW
PriceCHF 9,415
Fair ValueCHF 4,636
Upside-50.8%
Quality57/100
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Mixed Growth
Solidly profitable · 12.2% net margin
Low debt · generates free cash flow
18.67% dividend yield
Mixed vs. peers (8/15)
Moderate moat 63/100
Evidence: High Range CHF 2,503 – CHF 7,431 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 19 days ago

Fair value updated Jul 19, 2026, revised from CHF 4,824 to CHF 4,636 (−3.9%) since Jul 5, 2026. Share price −3.1% over the past month.

A solid business, but screening 51% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 7,431). The favourable scenario is already priced in.
  • The model range is unusually wide (CHF 2,503 to CHF 7,431). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

CHF 13,411 CHF 7,724 Fair Value CHF 4,636 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range CHF 7,724 – CHF 13,411 · fair‑value band CHF 2,503 – CHF 7,431 · the CHF 9,415 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 Jul 19, 2026.

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Analysis

Chocoladefabriken Lindt & Sprüngli AG (LISP) currently trades at CHF 9,415, while our model-based Fair Value estimate is CHF 4,636, implying the stock looks roughly 50.8% overvalued today. We read business quality at 57/100 (solid quality), in the Consumer Defensive 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: high).

Over the trailing twelve months, Chocoladefabriken Lindt & Sprüngli AG generated revenue of CHF 6.0B at a net margin of 12.2%. Revenue grew 7.5% year over year. It earns a return on equity of 14.8%. Net debt stands at CHF 1.1B. Fundamentals as of Jul 19, 2026

Our scenario range runs from CHF 2,503 (bear case) to CHF 7,431 (bull case); at CHF 9,415, 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 30% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -35% fair-value upside, at -51%, LISP screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF CHF 998.21 CHF 1,563 CHF 2,363 80
Residual Income CHF 2,121 CHF 2,685 CHF 6,127 76
Rev-Margin DCF CHF 2,572 CHF 4,591 CHF 6,851 74
All 26 models by family
DCF Models
FCF DCF CHF 974.19 CHF 1,605 CHF 2,552 38
Owner Earnings CHF 3,369 CHF 5,267 CHF 8,117 31
5Y Revenue Exit CHF 2,572 CHF 4,630 CHF 7,276 39
5Y EBITDA Exit CHF 3,272 CHF 5,924 CHF 9,018 41
5Y P/E Exit CHF 2,905 CHF 5,245 CHF 7,689 38
10Y Revenue Exit CHF 1,861 CHF 3,601 CHF 5,960 36
10Y EBITDA Exit CHF 2,421 CHF 4,493 CHF 7,275 37
10Y P/E Exit CHF 2,188 CHF 4,025 CHF 6,271 35
Earnings-Based
Graham-Dodd CHF 2,133 CHF 6,245 CHF 8,253 54
Lynch FV CHF 1,302 CHF 1,860 CHF 2,418 50
PEG = 1.0 CHF 1,302 CHF 1,860 CHF 2,418 46
EPV CHF 3,003 CHF 3,540 CHF 4,010 59
Dividend Discount
Gordon GGM CHF 1,366 CHF 2,839 CHF 4,504 70
DDM Multi-Stage CHF 1,366 CHF 2,199 CHF 2,980 61
Multiples
P/E Multiple CHF 4,705 CHF 6,274 CHF 7,842 63
P/S Multiple CHF 3,999 CHF 5,333 CHF 6,666 58
P/B Multiple CHF 3,999 CHF 5,333 CHF 6,666 55
EV/EBIT CHF 5,495 CHF 7,399 CHF 9,303 53
EV/EBITDA CHF 5,126 CHF 6,908 CHF 8,690 54
EV/Revenue CHF 3,633 CHF 5,283 CHF 6,933 43
Asset-Based
NCAV (Graham) CHF 1,069 CHF 1,432 CHF 2,138 50
Growth DCF
Growth DCF CHF 998.21 CHF 1,563 CHF 2,363 80
Rev-Margin DCF CHF 2,572 CHF 4,591 CHF 6,851 74
Economic Profit
Residual Income CHF 2,121 CHF 2,685 CHF 6,127 76
ROIC Compounder CHF 3,168 CHF 4,062 CHF 5,135 72
Growth Earnings
Growth-Adj P/E CHF 3,829 CHF 5,470 CHF 7,112 68

Widest divergence: Growth Earnings (CHF 5,470) versus Asset-Based (CHF 1,432). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 6.0B
Revenue growth (YoY) +7.5%
Net margin 12.2%
Return on equity 14.8%
Free cash flow CHF 247M FY2025
P/E ratio 29.7
More key figures
Operating margin 20.1%
EPS (TTM) CHF 313.58
EPS growth (YoY) +19.4%
Net debt CHF 1.1B FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 59 · Market factors (momentum, volatility) 42

Profitability 51
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 87
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chocoladefabriken Lindt & Sprüngli AG 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.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 5.9B
Latest YoY
+8.2%
Avg. growth/yr (3Y)
+6.0%
Avg. growth/yr (5Y)
+8.1%
Avg. growth/yr (26Y)
+5.6%
Revenue +6.6%/yr
FY21 CHF 4.6B
FY22 CHF 5.0B
FY23 CHF 5.2B
FY24 CHF 5.5B
FY25 CHF 5.9B
Net income +10.3%/yr
FY21 CHF 491M
FY22 CHF 570M
FY23 CHF 671M
FY24 CHF 672M
FY25 CHF 727M

LISP screens 51% overvalued. Compare with Mondelez International, Inc →

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Cite: Fair Value Calculator (2026). "Chocoladefabriken Lindt & Sprüngli AG Fair Value". https://www.fairvalue-calculator.com/stock/LISP

Peer Group

Confectioners · 76 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 57 · Above median
Fair Value upside −51% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 18.7% · Top 25%
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Confectioners median · lower = cheaper

P/E (TTM) 30.7× · Pricier than 75% of peers
P/B 5.55× · Pricier than 75% of peers
P/S (TTM) 4.62× · Pricier than 75% of peers
P/FCF 111.2× · Pricier than 75% of peers
EV/EBITDA 24.1× · Pricier than 75% of peers
PEG 0.67× · 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 25
FUTURE 38 · sector 0
PAST 59 · sector 25
HEALTH 88 · sector 91
DIVIDEND 100 · sector 56

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 Confectioners stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Mondelez International, Inc MDLZ $61.00 $27.68 -55%
The Hershey Company HSY $170.27 $91.25 -46%
Barry Callebaut AG BARN CHF 1,100 CHF 711.91 -35%
ORION Corp 271560 127,100 KRW 203,315 KRW +60%
Tootsie Roll Industries, Inc TROLB $39.50 $21.81 -45%
Guangxi Yuegui Guangye Holdings 000833 ¥18.81 ¥9.83 -48%
Cloetta AB CLAB kr 48.88 kr 59.12 +21%
Balrampur Chini Mills Limited BALRAMCHIN ₹586.20 ₹304.54 -48%
PT Yupi Indo Jelly Gum Tbk YUPI 1,320 IDR 1,286 IDR -3%
ORION Holdings 001800 25,150 KRW 42,237 KRW +68%

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Frequently asked questions

Is Chocoladefabriken Lindt & Sprüngli AG (LISP) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of CHF 4,636 versus a price of CHF 9,415, about −51% (overvalued).
What is the fair value of LISP?
Our model-based fair value for Chocoladefabriken Lindt & Sprüngli AG is CHF 4,636 (as of Jul 19, 2026), built from audited fundamentals. The current price is CHF 9,415.
What is the quality score of LISP?
Chocoladefabriken Lindt & Sprüngli AG has a Quality Score of 57/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Chocoladefabriken Lindt & Sprüngli AG (LISP)?
Chocoladefabriken Lindt & Sprüngli AG reported trailing-twelve-month revenue of about CHF 6.0B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of LISP?
The net profit margin of Chocoladefabriken Lindt & Sprüngli AG is about 12.2%, meaning it keeps roughly 12.2% of revenue as net income. 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.

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