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medmix AG (MEDX) Fair Value & Analysis

Industrials · CH · Market cap CHF 337M

MA medmix AG MEDX · SW
PriceCHF 9.17
Fair ValueCHF 3.30
Upside-64.0%
Quality54/100
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Mixed Growth
Thin margins · 1.4% net margin
Moderate debt · generates free cash flow
1.19% dividend yield
Trails peers (4/14)
Narrow moat 31/100
Evidence: High Range CHF 2.01 – CHF 4.13 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Share price +10.1% over the past month.

A solid business, but screening 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 4.13). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (CHF 2.01 to CHF 4.13) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 42.05 CHF 7.79 Fair Value CHF 3.30 Sep 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

58‑month range CHF 7.79 – CHF 42.05 · fair‑value band CHF 2.01 – CHF 4.13 · the CHF 9.17 price screens above the CHF 3.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

medmix AG (MEDX) currently trades at CHF 9.17, while our model-based Fair Value estimate is CHF 3.30, implying the stock looks roughly 64.0% overvalued today. The Quality Score stands at 54/100 (solid 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: high).

Over the trailing twelve months, medmix AG generated revenue of CHF 448M at a net margin of 1.4%. Revenue declined 8.3% year over year. It earns a return on equity of 1.6%. Net debt stands at CHF 286M. Fundamentals as of Aug 13, 2026

Our scenario range runs from CHF 2.01 (bear case) to CHF 4.13 (bull case); at CHF 9.17, 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 29% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -64%, MEDX 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 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
Growth DCF CHF 3.35 CHF 5.24 CHF 8.20 80
Residual Income CHF 6.88 CHF 6.45 CHF 4.54 76
Rev-Margin DCF CHF 2.55 CHF 5.22 CHF 8.52 74
All 24 models by family
DCF Models
FCF DCF CHF 3.13 CHF 5.13 CHF 8.52 38
Owner Earnings CHF 1.31 CHF 2.76 CHF 5.22 31
5Y Revenue Exit CHF 2.55 CHF 5.04 CHF 8.67 39
5Y EBITDA Exit CHF 8.60 CHF 15.47 CHF 24.60 41
5Y P/E Exit CHF 0.5800 CHF 1.64 CHF 2.94 38
10Y Revenue Exit CHF 2.63 CHF 4.41 CHF 6.30 36
10Y EBITDA Exit CHF 6.13 CHF 10.34 CHF 14.91 37
10Y P/E Exit CHF 1.67 CHF 2.48 CHF 3.20 35
Earnings-Based
Graham-Dodd CHF 1.07 CHF 1.35 CHF 1.53 54
EPV CHF 1.32 CHF 1.98 CHF 2.53 59
Dividend Discount
Gordon GGM CHF 2.87 CHF 3.09 CHF 3.42 70
DDM Multi-Stage CHF 2.87 CHF 3.43 CHF 4.15 61
Multiples
P/E Multiple CHF 2.48 CHF 3.30 CHF 4.13 63
P/S Multiple CHF 2.01 CHF 2.67 CHF 3.34 58
P/B Multiple CHF 2.01 CHF 2.67 CHF 3.34 55
EV/EBIT CHF 5.06 CHF 7.92 CHF 10.78 53
EV/EBITDA CHF 15.57 CHF 21.94 CHF 28.31 54
EV/Revenue CHF 2.60 CHF 5.23 CHF 7.85 43
Asset-Based
NCAV (Graham) CHF 5.23 CHF 7.01 CHF 10.47 50
Growth DCF
Growth DCF CHF 3.35 CHF 5.24 CHF 8.20 80
Rev-Margin DCF CHF 2.55 CHF 5.22 CHF 8.52 74
Economic Profit
Residual Income CHF 6.88 CHF 6.45 CHF 4.54 76
ROIC Compounder CHF 1.32 CHF 1.98 CHF 2.53 72
Growth Earnings
Growth-Adj P/E CHF 1.75 CHF 2.50 CHF 3.25 68

Widest divergence: Asset-Based (CHF 7.01) versus Earnings-Based (CHF 1.35). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) CHF 448M
Revenue growth (YoY) -8.3%
Net margin 1.4%
Return on equity 1.6%
Free cash flow CHF 33.3M FY2025
P/E ratio 61.1
More key figures
Operating margin 5.5%
EPS (TTM) CHF 0.1500
Dividend yield 1.2%
EPS growth (YoY) +33.3%
Net debt CHF 286M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 52 · Market factors (momentum, volatility) 38

Profitability 23
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 71
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

medmix AG designs, produces, and sells high-precision devices and services in Switzerland and internationally. It operates through the Healthcare, and Consumer and Industrial segments.

Full company description

medmix AG designs, produces, and sells high-precision devices and services in Switzerland and internationally. It operates through the Healthcare, and Consumer and Industrial segments. The company offers dispensers, cartridges, mixers, tips, syringes, pen, and auto injectors for delivery of dental materials; delivery devices and mixing for bone repair and tissue treatment, which are used for prosthetics, restoratives, anesthetics, and aesthetics; the pen and auto injectors, which are used in fertility and growth hormone treatments, treatment of diabetes, osteoporosis, and other diseases; and the delivery and mixing devices, which are used by tissue banks and medical device OEMs. It also produces and markets dispensers, cartridges, and mixers for two-component adhesives and sealants for use in construction, transportation, electronics, infrastructure, and general industrial sectors; and micro-brushes and applicators for eyes, eyelashes, lips, and facial make-up. The company offers its products under the Mixpac, Transcodent, Qiaoyi, Cox, MK, Medmix, Haselmeier, and Geka brands. medmix AG was founded in 1922 and is based in Baar, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

medmix AG reported revenue of CHF 448M in FY2025 versus CHF 457M in FY2021, a compound −0.5%/yr. Reported net income was CHF 6.4M in FY2025, compounding −38.2%/yr from FY2021.

Growth Quality 58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 448M
Latest YoY
−7.4%
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.
−2.1%
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.
+5.0%
Avg. growth/yr (7Y) 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.
−0.2%
Revenue −0.5%/yr
FY21 CHF 457M
FY22 CHF 477M
FY23 CHF 487M
FY24 CHF 484M
FY25 CHF 448M
Net income −38.2%/yr
FY21 CHF 44.0M
FY22 CHF 11.6M
FY23 CHF 300K
FY24 −CHF 7.4M
FY25 CHF 6.4M

MEDX screens 64% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "medmix AG Fair Value". https://www.fairvalue-calculator.com/stock/MEDX

Peer Group

Specialty Industrial Machinery · 807 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 54 · Below median
Fair Value upside −64% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 1.2% · Above median
Debt / equity 0.59× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 61.1× · Pricier than 75% of peers
P/B 0.98× · Cheaper than 75% of peers
P/S (TTM) 0.93× · Cheaper than median
P/FCF 12.5× · Pricier than median
EV/EBITDA 7.7× · Cheaper than 75% of peers

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 22
PAST 6 · sector 28
HEALTH 71 · sector 96
DIVIDEND 24 · 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 Aug 13, 2026).

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Zhejiang Sanhua Intelligent Controls Co 002050 ¥39.17 ¥22.68 -42%
NARI Technology Co 600406 ¥24.06 ¥18.71 -22%
ABB India Limited ABB ₹7,700 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹420.00 ₹96.51 -77%

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Frequently asked questions

Is medmix AG (MEDX) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of CHF 3.30 versus a price of CHF 9.17, about −64% (overvalued).
What is the fair value of MEDX?
Our model-based fair value for medmix AG is CHF 3.30 (as of Aug 13, 2026), built from audited fundamentals. The current price is CHF 9.17.
What is the quality score of MEDX?
medmix AG has a Quality Score of 54/100. 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 medmix AG (MEDX)?
medmix AG reported trailing-twelve-month revenue of about CHF 448M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MEDX?
The net profit margin of medmix AG is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does medmix AG pay a dividend?
medmix AG currently shows a dividend yield of about 1.10% relative to its recent price (as of Aug 13, 2026).

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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