Mikron Holding AG (MIKN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Mikron Holding AG CHF 23.60, price CHF 16.10, upside +46.6%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 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 24, 2026.
How to read this chart
60‑month range CHF 5.67 – CHF 21.23 · fair‑value band CHF 13.46 – CHF 37.44 · the CHF 16.10 price screens below the CHF 23.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Mikron Holding AG develops, produces, and markets automation solutions, machining systems, and cutting tools in the Switzerland, Europe, North America, the Asia Pacific, and internationally. It operates in two segments, Mikron Automation and Mikron Machining Solutions.
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Mikron Holding AG develops, produces, and markets automation solutions, machining systems, and cutting tools in the Switzerland, Europe, North America, the Asia Pacific, and internationally. It operates in two segments, Mikron Automation and Mikron Machining Solutions. The company offers scalable and customized assembly systems, as well as solutions that include automation assembly and testing systems. It also supplies machining systems for the manufacture of high-precision components made of metal, such as turbocharger housings, injection nozzles, and ballpoint pen tips. The company serves pharmaceutical, automotive, electronics and telecommunications, medtech, consumer goods, construction/building, and pneumatics and hydraulics industries. Mikron Holding AG was founded in 1908 and is based in Agno, Switzerland.
Stock analysis
Mikron Holding AG (MIKN) currently trades at CHF 16.10, while our model-based Fair Value estimate is CHF 23.60, implying the stock looks roughly 31.8% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of CHF 33.11 per share, and 11 of the 16 models we run sit above the CHF 16.10 price.
Bear case: the Dividend Discount group reads lowest at CHF 5.36, and 5 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: CHF 13.46 (bear) to CHF 37.44 (bull), the price of CHF 16.10 sits inside 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 57/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Mikron Holding AG reported revenue of CHF 382M in FY2025 versus CHF 289M in FY2021, a compound +7.2%/yr. Reported net income was CHF 32.5M in FY2025, compounding +17.6%/yr from FY2021.
Key figures
Market cap CHF 269M · P/E ratio 8.3 · P/S ratio 0.71 · EPS (TTM) CHF 1.94 · Dividend yield 1.9% · Net margin 8.5% · Return on equity 14.3% · Return on assets (EBIT) 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at 47%, MIKN screens cheaper than that median.
Fair Value models
Bear CHF 13.46Fair Value CHF 23.60Bull CHF 37.44
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 1.21 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.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.1%
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.
+7.3%
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.
+8.2%
Start year 2020 (pandemic). Over 10 years: +5.3% a year
Revenue growth 23 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.
−0.4%
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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.
+21.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.8%
Dividend (yield on the price)1.9%
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.20% vs 31%, slowing
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.−8% → 10%
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.Specialty Industrial Machinery · 827 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+47% · Top 25%
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)9% · Above median
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth4% · Below median
Dividend yield (TTM)1.9% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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). "Mikron Holding AG Fair Value". https://www.fairvalue-calculator.com/stock/MIKN
Frequently asked questions
Is Mikron Holding AG (MIKN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of CHF 23.60 versus a price of CHF 16.10, about +47% upside (undervalued).
What is the fair value of MIKN?
Our model-based fair value for Mikron Holding AG is CHF 23.60 (as of Sep 24, 2026), built from audited fundamentals. The current price: CHF 16.10.
What is the quality score of MIKN?
Mikron Holding AG has a Quality Score of 57/100. 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 Mikron Holding AG (MIKN)?
Our model-based price target is the fair value of CHF 23.60 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario CHF 13.46, optimistic scenario CHF 37.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Mikron Holding AG stock forecast for 2026?
Our models put fair value at CHF 23.60, about +47% upside versus a price of CHF 16.10 (undervalued). Cautious scenario CHF 13.46, optimistic scenario CHF 37.44. The calculation is refreshed regularly with new filings.
What is the revenue of Mikron Holding AG (MIKN)?
Mikron Holding AG reported trailing-twelve-month revenue of about CHF 382M (latest available figure, as of Sep 24, 2026).
Does Mikron Holding AG pay a dividend?
Mikron Holding AG currently shows a dividend yield of about 1.86% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Mikron Holding AG (MIKN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mikron Holding AG it is CHF 23.60 per share (as of Sep 24, 2026), against a price of CHF 16.10. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Mikron Holding AG stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MIKN trades below its calculated fair value: price CHF 16.10, fair value CHF 23.60, a gap of about +47% (undervalued). 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 MIKN?
No. The price is what the market pays today (CHF 16.10); the fair value is what the company's own numbers justify (CHF 23.60). For Mikron Holding AG the two are CHF 7.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mikron Holding AG worth?
The market values Mikron Holding AG at about CHF 269M (market capitalisation, as of Sep 24, 2026). Per share that is CHF 16.10; our models calculate a fair value of CHF 23.60 per share.
What do the bullish and bearish scenarios say about MIKN?
Our models span a range for Mikron Holding AG: cautious scenario CHF 13.46, base CHF 23.60, optimistic CHF 37.44 per share (as of Sep 24, 2026, price CHF 16.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MIKN?
Mikron Holding AG trades at a price-to-earnings ratio of 8.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 23.60 is built from several models across several years. Other multiples: PEG 1.3, P/B 1.4, P/S 0.9, EV/EBITDA 5.3.
What is the PEG ratio of MIKN?
The PEG ratio of Mikron Holding AG is 1.31 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Mikron Holding AG (MIKN)?
Balance-sheet figures for Mikron Holding AG (as of Sep 24, 2026): return on equity 14.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is MIKN from its 52-week high?
Mikron Holding AG trades at CHF 16.10, about 24% below its 52-week high of CHF 21.23 and 5% above the low of CHF 15.37 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 23.60 is for.
Which stocks are comparable to Mikron Holding AG?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Mikron Holding AG stock attractive at the current price?
The data as of Sep 24, 2026: price CHF 16.10, calculated fair value CHF 23.60 (+47%), Quality Score 57/100, from 16 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 MIKN calculated?
We run Mikron Holding AG through 16 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 23.60, 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 14.0 % above its aggregate fair value. Mikron Holding AG currently trades 47 % below its own fair value, and the market average says nothing about that. 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 Mikron Holding AG (MIKN)?
The closing price on Sep 24, 2026 was CHF 16.10. Our model-based fair value is CHF 23.60, about +47% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mikron Holding AG right now?
The model range is unusually wide (CHF 13.46 to CHF 37.44). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Mikron Holding AG (MIKN) come from?
Earnings per share at Mikron Holding AG grew +36.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.9 %, EBIT margin +30.0 %, tax rate +1.9 %, residual (interest, one-offs) −1.9 %. 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 Mikron Holding AG
How large is the market capitalisation of Mikron Holding AG (MIKN)?
The market capitalisation of Mikron Holding AG is CHF 269M. 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 Mikron Holding AG (MIKN)?
The price-to-sales ratio of Mikron Holding AG is 0.71 (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 Mikron Holding AG (MIKN)?
Earnings per share at Mikron Holding AG are CHF 1.94 (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mikron Holding AG (MIKN)?
The dividend yield of Mikron Holding AG is 1.9% (payout 15.5%). 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 Mikron Holding AG (MIKN)?
The net margin of Mikron Holding AG is 8.5% (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 Mikron Holding AG (MIKN)?
The return on equity (ROE) of Mikron Holding AG is 14.3% (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 Mikron Holding AG (MIKN)?
On an EBIT basis the return on assets of Mikron Holding AG is 8.0% (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 Mikron Holding AG (MIKN)?
The operating margin of Mikron Holding AG is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mikron Holding AG (MIKN)?
Revenue at Mikron Holding AG is growing +3.7% versus a year earlier (3y avg +7.3%). 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 Mikron Holding AG (MIKN)?
Earnings per share at Mikron Holding AG are growing +5.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mikron Holding AG (MIKN) generate?
The free cash flow of Mikron Holding AG is −CHF 12.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Mikron Holding AG (MIKN) hold?
Mikron Holding AG holds more cash than debt, CHF 63.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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