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Schweizer Electronic AG (SCE) Fair Value & Analysis

Technology · DE · Market cap €23.9M

SE Schweizer Electronic AG SCE · XETRA
Price€5.62
Fair Value€16.86
Upside+200.0%
Quality56/100
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Expensive Growth
Thin margins · 3.4% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 38/100
Evidence: Medium Range €12.65 – €21.08 Share as image

Fair value as of: Jul 19, 2026

From 12 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from €22.36 to €16.86 (−24.6%) since Jun 25, 2026. Share price −23.4% over the past month.

A solid business, screening 200% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€12.65). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€16.90 €2.38 Fair Value €16.86 Apr 2020 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 €2.38 – €16.90 · fair‑value band €12.65 – €21.08 · the €5.62 price screens below the €16.86 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

Schweizer Electronic AG (SCE) currently trades at €5.62, while our model-based Fair Value estimate is €16.86, implying the stock looks roughly 200.0% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Schweizer Electronic AG generated revenue of €181M at a net margin of 3.4%. Revenue grew 20.2% year over year. It earns a return on equity of 29.3%. The balance sheet holds a net cash position of €1.7M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €12.65 (bear case) to €21.08 (bull case); at €5.62, the current price sits below 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 37% below its 52-week high and 134% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 200%, SCE 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
Residual Income €6.95 €9.07 €22.97 76
Gordon GGM €2.09 €3.50 €4.54 70
Growth-Adj P/E €15.58 €22.25 €28.93 68
All 12 models by family
DCF Models
Owner Earnings €23.62 €30.98 €39.77 31
Earnings-Based
Graham-Dodd €8.94 €23.87 €31.22 54
Lynch FV €4.63 €6.62 €8.60 50
PEG = 1.0 €4.63 €6.62 €8.60 46
Dividend Discount
Gordon GGM €2.09 €3.50 €4.54 70
DDM Multi-Stage €2.09 €2.95 €3.69 61
Multiples
P/E Multiple €19.73 €26.31 €32.89 63
P/S Multiple €16.77 €22.36 €27.95 58
P/B Multiple €15.96 €21.28 €26.60 55
Asset-Based
NCAV (Graham) €3.55 €4.75 €7.09 50
Economic Profit
Residual Income €6.95 €9.07 €22.97 76
Growth Earnings
Growth-Adj P/E €15.58 €22.25 €28.93 68

Widest divergence: DCF Models (€30.98) versus Dividend Discount (€2.95). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €181M
Revenue growth (YoY) +20.2%
Net margin 3.4%
Return on equity 29.3%
Free cash flow −€243K FY2025
P/E ratio 4.7
More key figures
Operating margin -3.7%
EPS (TTM) €1.63
EPS growth (YoY) +1,371%
Net cash €1.7M FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 51 · Market factors (momentum, volatility) 47

Profitability 48
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 12
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 79
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

Schweizer Electronic AG, together with its subsidiaries, engages in the development, manufacture, and marketing of printed circuit boards worldwide.

Full company description

Schweizer Electronic AG, together with its subsidiaries, engages in the development, manufacture, and marketing of printed circuit boards worldwide. The company offers multilayer, HDI, and impedance PCBs, as well as inlay boards, CU-IMS, bond PCBs, RF 6-24 GHz, RF 77 GHz, embedded antennas, heavy copper, p² pack 48 V; and surface finishes, solder mask, and materials. It serves automotive, aviation, industrial, medical, communication, and computing sectors. The company was founded in 1849 and is headquartered in Schramberg, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Schweizer Electronic AG reported revenue of €173M in FY2025 versus €123M in FY2021, a compound +9.0%/yr. Reported net income was €5.0M in FY2025.

Growth Quality 59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€173M
Latest YoY
+19.8%
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.
+9.7%
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.
+12.0%
Avg. growth/yr (18Y) 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.
+4.5%
Revenue +9.0%/yr
FY21 €123M
FY22 €131M
FY23 €139M
FY24 €145M
FY25 €173M
Net income
FY21 −€26.2M
FY22 −€33.5M
FY23 €32.9M
FY24 −€9.0M
FY25 €5.0M

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Cite: Fair Value Calculator (2026). "Schweizer Electronic AG Fair Value". https://www.fairvalue-calculator.com/stock/SCE

Peer Group

Electronic Components · 625 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 56 · Above median
Fair Value upside +200% · Top 25%
Return on equity (TTM) 29% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) -4% · Bottom 25%
Revenue growth 20% · Top 25%
Debt / equity 0.63× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 3.9× · Cheaper than 75% of peers
P/B 1.03× · Cheaper than median
P/S (TTM) 0.15× · Cheaper than 75% of peers
EV/EBITDA 35.9× · Pricier 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 100 · sector 0
FUTURE 100 · sector 32
PAST 100 · sector 24
HEALTH 69 · sector 95
DIVIDEND 0 · sector 25

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

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Schweizer Electronic AG (SCE) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €16.86 versus a price of €5.62, about +200% (undervalued).
What is the fair value of SCE?
Our model-based fair value for Schweizer Electronic AG is €16.86 (as of Jul 19, 2026), built from audited fundamentals. The current price is €5.62.
What is the quality score of SCE?
Schweizer Electronic AG has a Quality Score of 56/100. 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 Schweizer Electronic AG (SCE)?
Schweizer Electronic AG reported trailing-twelve-month revenue of about €181M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of SCE?
The net profit margin of Schweizer Electronic AG is about 3.4%, meaning it keeps roughly 3.4% 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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