Phoenix Mecano AG (PMN) Fair Value & Analysis
Industrials · CH · Market cap CHF 397M
Fair value as of: Jul 20, 2026
From 15 valuation models · updated 20 days ago
Fair value updated Jul 20, 2026, revised from CHF 403.12 to CHF 372.08 (−7.7%) since Jun 24, 2026. Share price +5.3% over the past month.
A solid business, but screening 15% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (CHF 424.47). The favourable scenario is already priced in.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
60‑month range CHF 247.46 – CHF 463.20 · fair‑value band CHF 327.38 – CHF 424.47 · the CHF 437.00 price screens above the CHF 372.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.
Analysis
Phoenix Mecano AG (PMN) currently trades at CHF 437.00, while our model-based Fair Value estimate is CHF 372.08, implying the stock looks roughly 14.9% overvalued today. The Quality Score stands at 59/100 (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, Phoenix Mecano AG generated revenue of CHF 749M at a net margin of 4.0%. Revenue declined 4.5% year over year. It earns a return on equity of 11.3%. The stock trades on a trailing P/E of 14.8. Fundamentals as of Jul 20, 2026
Our scenario range runs from CHF 327.38 (bear case) to CHF 424.47 (bull case); at CHF 437.00, 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 2% below its 52-week high and 14% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -15%, PMN 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.
All 15 models by family
Widest divergence: Multiples (CHF 682.88) versus Asset-Based (CHF 189.89). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 58
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
Phoenix Mecano AG, together with its subsidiaries, manufactures and sells components for industrial customers worldwide. It operates through three divisions: Enclosure Systems, DewertOkin Technology Group, and Industrial Components.
Full company description
Phoenix Mecano AG, together with its subsidiaries, manufactures and sells components for industrial customers worldwide. It operates through three divisions: Enclosure Systems, DewertOkin Technology Group, and Industrial Components. The Enclosure Systems division develops, produces, sells, and trades in industrial and electronic enclosures made of aluminum, stainless steel, plastics, and glass-fibre reinforced polyester; human-machine interface solutions, consisting of panel PCs, industrial PCs, and industrial monitors; input units such as membrane keypads, short-stroke keys, and touchscreens; and provides system integration, toolmaking, plastic injection moulding, and aluminum die casting solutions. The DewertOkin Technology Group division manufactures drives, systems, and fittings technology for electrically adjustable comfort and healthcare furniture and ergonomic office workstation design, nursing and hospital bed; individual mechanical components; and customized and coordinated system solutions for use in smart furniture, medical applications, and control systems for height-adjustable desks, as well as smart-health software solutions. The Industrial Components division provides linear units and lifting columns, aluminium profile and tube connection systems, as well as ergonomic workstation systems; terminal blocks, connector systems, test probes, series terminals, inductors, and switches for industrial electronics; and measuring systems, transformers, and instrument transformers, as well as electric cylinders. Phoenix Mecano AG was formerly known as Phoenix Maschinentechnik AG and changed its name to Phoenix Mecano AG in 1986. The company was founded in 1975 and is headquartered in Stein am Rhein, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Phoenix Mecano AG reported revenue of CHF 752M in FY2025 versus CHF 810M in FY2021, a compound −1.8%/yr. Reported net income was CHF 30.5M in FY2025, compounding −0.8%/yr from FY2021.
PMN screens 15% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 809 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.
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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