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Metall Zug AG (METN) Fair Value & Analysis

Healthcare · CH · Market cap CHF 326M

MZ Metall Zug AG METN · SW
PriceCHF 829.00
Fair ValueCHF 572.27
Upside-31.0%
Quality32/100
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Mixed Growth
Loss-making · -7.8% net margin
Low debt · negative free cash flow
Trails peers (3/11)
Narrow moat 16/100
Evidence: Low Range CHF 427.07 – CHF 854.13 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from CHF 575.01 to CHF 572.27 (−0.5%) since Jul 16, 2026. Share price +13.9% over the past month.

Below-average quality, and screening another 31% overvalued on our models.

What matters now

  • Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (CHF 427.07 to CHF 854.13) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 2,079 CHF 697.00 Fair Value CHF 572.27 May 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

60‑month range CHF 697.00 – CHF 2,079 · fair‑value band CHF 427.07 – CHF 854.13 · the CHF 829.00 price screens above the CHF 572.27 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

Metall Zug AG (METN) currently trades at CHF 829.00, while our model-based Fair Value estimate is CHF 572.27, implying the stock looks roughly 31.0% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Healthcare 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: low).

Over the trailing twelve months, Metall Zug AG generated revenue of CHF 195M at a net margin of -7.8%. Revenue declined 1.8% year over year. It earns a return on equity of -3.6%. Net debt stands at CHF 137M. Fundamentals as of Aug 13, 2026

Our scenario range runs from CHF 427.07 (bear case) to CHF 854.13 (bull case); at CHF 829.00, the current price sits within 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 23% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -33% fair-value upside, at -31%, METN screens cheaper 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
Gordon GGM CHF 155.21 CHF 167.32 CHF 185.33 70
DDM Multi-Stage CHF 155.21 CHF 184.77 CHF 222.90 61
NCAV (Graham) CHF 429.11 CHF 575.01 CHF 858.22 50
All 3 models by family
Dividend Discount
Gordon GGM CHF 155.21 CHF 167.32 CHF 185.33 70
DDM Multi-Stage CHF 155.21 CHF 184.77 CHF 222.90 61
Asset-Based
NCAV (Graham) CHF 429.11 CHF 575.01 CHF 858.22 50

Widest divergence: Asset-Based (CHF 575.01) versus Dividend Discount (CHF 167.32). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) CHF 195M
Revenue growth (YoY) -1.8%
Net margin -7.8%
Return on equity -3.6%
Free cash flow −CHF 48.2M FY2025
Operating margin -7.1%
More key figures
EPS (TTM) CHF -33.96
EPS growth (YoY) -89.4%
Net debt CHF 137M FY2025

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

Quality Score breakdown

Overall quality 32/100

Of which business quality 32 · Market factors (momentum, volatility) 50

Profitability 9
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 84
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

Metall Zug AG, through its subsidiaries, engages in the medical devices, infection control, technology cluster and infrastructure, and other businesses in Switzerland, Europe, North America, South America, the Asia Pacific, and internationally.

Full company description

Metall Zug AG, through its subsidiaries, engages in the medical devices, infection control, technology cluster and infrastructure, and other businesses in Switzerland, Europe, North America, South America, the Asia Pacific, and internationally. The company develops, manufactures, and distributes devices and solutions for medical diagnosis, microsurgery, and eye training. It also offers diagnostics equipment, such as slit lamps, tonometry devices, and perimetry and biometry equipment for cataract diagnosis and treatment; equipment for ophthalmologists, including tables, chairs, and industrial high-precision surgical microscopes; accessories, including measuring instruments for precision optics, lenses, software solutions, and comprehensive services; and augmented and virtual reality technology and digital imaging for the training and further education of eye care specialists. In addition, the company supplies dishwashers, thermal appliances, and cleaning agents for catering and hotel sectors. Further, it engages in the management and development of real estate. The company was formerly known as Metallwaren-Holding AG and changed its name to Metall Zug AG in September 2002. Metall Zug AG was founded in 1887 and is headquartered in Zug, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Metall Zug AG reported revenue of CHF 195M in FY2025 versus CHF 662M in FY2021, a compound −26.4%/yr. Reported net income was −CHF 15.2M in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 195M
Latest YoY
−31.3%
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.
−33.0%
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.
−25.1%
Avg. growth/yr (20Y) 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.
−4.9%
Revenue −26.4%/yr
FY21 CHF 662M
FY22 CHF 646M
FY23 CHF 495M
FY24 CHF 283M
FY25 CHF 195M
Net income
FY21 CHF 48.8M
FY22 CHF 130M
FY23 CHF 22.2M
FY24 CHF 52.6M
FY25 −CHF 15.2M
Character of growth · EPS growth decomposed (2014-2025) −8.0 % p.a.
Revenue per share −9.7 pp

of which total revenue −9.7 pp · buybacks/dilution +0.0 pp

EBIT margin +0.5 pp
Tax rate +0.9 pp
Residual (interest, one-offs) +0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

METN screens 31% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Metall Zug AG Fair Value". https://www.fairvalue-calculator.com/stock/METN

Peer Group

Medical Devices · 346 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 32 · Bottom 25%
Fair Value upside −31% · Above median
Return on assets -1% · Below median
Net margin (TTM) -8% · Below median
Operating margin (TTM) -7% · Below median
Revenue growth -2% · Below median
Debt / equity 0.39× · Higher than 75% of peers

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 1.04× · Cheaper than median
P/S (TTM) 2.06× · Pricier than median
PEG 0.85× · 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 31
PAST 0 · sector 8
HEALTH 81 · sector 97
DIVIDEND 0 · sector 39

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $110.91 $74.79 -33%
Stryker Corporation SYK $347.21 $186.28 -46%
Medtronic plc MDT $90.76 $65.57 -28%
Boston Scientific Corporation BSX $51.42 $38.44 -25%
Edwards Lifesciences Corporation EW $93.05 $41.02 -56%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥153.60 ¥147.63 -4%
Shanghai United Imaging Healthcare Co 688271 ¥110.50 ¥43.60 -61%
Demant A/S DEMANT kr 289.60 kr 161.17 -44%
Getinge AB GETIB kr 239.30 kr 192.14 -20%
Sectra AB SECTB kr 280.00 kr 66.81 -76%

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Frequently asked questions

Is Metall Zug AG (METN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of CHF 572.27 versus a price of CHF 829.00, about −31% (overvalued).
What is the fair value of METN?
Our model-based fair value for Metall Zug AG is CHF 572.27 (as of Aug 13, 2026), built from audited fundamentals. The current price is CHF 829.00.
What is the quality score of METN?
Metall Zug AG has a Quality Score of 32/100. 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 Metall Zug AG (METN)?
Metall Zug AG reported trailing-twelve-month revenue of about CHF 195M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of METN?
The net profit margin of Metall Zug AG is about -7.8%, meaning it is currently running at a net loss. 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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