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Sika AG (SIKA) Fair Value & Analysis

Basic Materials · CH · Market cap CHF 25.6B

SA Sika AG SIKA · SW
PriceCHF 191.30
Fair ValueCHF 103.69
Upside-45.8%
Quality59/100
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Mixed Growth
Thin margins · 9.3% net margin
Moderate debt · generates free cash flow
2.27% dividend yield
Mixed vs. peers (7/15)
Moderate moat 63/100
Evidence: High Range CHF 60.61 – CHF 131.47 Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 24 days ago

Fair value updated Jul 14, 2026, revised from CHF 103.76 to CHF 103.69 (−0.1%) since Jun 24, 2026. Share price +11.9% over the past month.

A solid business, but screening 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 131.47). 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.
  • A fairly wide model range (CHF 60.61 to CHF 131.47) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 361.41 CHF 124.60 Fair Value CHF 103.69 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range CHF 124.60 – CHF 361.41 · fair‑value band CHF 60.61 – CHF 131.47 · the CHF 191.30 price screens above the CHF 103.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Sika AG (SIKA) currently trades at CHF 191.30, while our model-based Fair Value estimate is CHF 103.69, implying the stock looks roughly 45.8% overvalued today. We read business quality at 59/100 (solid quality), in the Basic Materials 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, Sika AG generated revenue of CHF 11.2B at a net margin of 9.3%. Revenue declined 7.9% year over year. It earns a return on equity of 15.3%. Net debt stands at CHF 5.0B. Fundamentals as of Jul 14, 2026

Our scenario range runs from CHF 60.61 (bear case) to CHF 131.47 (bull case); at CHF 191.30, 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 13% below its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -46%, SIKA 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 BearBaseBull Evidence
Highest evidence
Growth DCF CHF 70.93 CHF 114.41 CHF 176.75 80
Residual Income CHF 43.18 CHF 56.81 CHF 163.82 76
Rev-Margin DCF CHF 64.61 CHF 114.26 CHF 171.34 74
All 26 models by family
DCF Models
FCF DCF CHF 69.41 CHF 118.54 CHF 193.54 38
Owner Earnings CHF 68.97 CHF 117.86 CHF 192.48 31
5Y Revenue Exit CHF 64.61 CHF 114.13 CHF 177.12 39
5Y EBITDA Exit CHF 83.71 CHF 149.86 CHF 226.92 41
5Y P/E Exit CHF 68.67 CHF 121.71 CHF 177.13 38
10Y Revenue Exit CHF 62.94 CHF 108.58 CHF 169.52 36
10Y EBITDA Exit CHF 77.70 CHF 133.39 CHF 207.54 37
10Y P/E Exit CHF 68.11 CHF 113.84 CHF 169.53 35
Earnings-Based
Graham-Dodd CHF 44.30 CHF 137.98 CHF 183.53 54
Lynch FV CHF 30.01 CHF 42.87 CHF 55.73 50
PEG = 1.0 CHF 30.01 CHF 42.87 CHF 55.73 46
EPV CHF 51.50 CHF 63.20 CHF 73.44 59
Dividend Discount
Gordon GGM CHF 16.53 CHF 34.36 CHF 54.52 70
DDM Multi-Stage CHF 16.53 CHF 27.34 CHF 36.07 61
Multiples
P/E Multiple CHF 97.73 CHF 130.30 CHF 162.88 63
P/S Multiple CHF 83.07 CHF 110.76 CHF 138.45 58
P/B Multiple CHF 83.07 CHF 110.76 CHF 138.45 55
EV/EBIT CHF 106.93 CHF 148.81 CHF 190.69 53
EV/EBITDA CHF 104.95 CHF 146.17 CHF 187.39 54
EV/Revenue CHF 65.98 CHF 102.27 CHF 138.57 43
Asset-Based
NCAV (Graham) CHF 20.74 CHF 27.80 CHF 41.49 50
Growth DCF
Growth DCF CHF 70.93 CHF 114.41 CHF 176.75 80
Rev-Margin DCF CHF 64.61 CHF 114.26 CHF 171.34 74
Economic Profit
Residual Income CHF 43.18 CHF 56.81 CHF 163.82 76
ROIC Compounder CHF 53.97 CHF 73.70 CHF 98.41 72
Growth Earnings
Growth-Adj P/E CHF 81.25 CHF 116.08 CHF 150.90 68

Widest divergence: DCF Models (CHF 117.86) versus Dividend Discount (CHF 27.34). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 11.2B
Revenue growth (YoY) -7.9%
Net margin 9.3%
Return on equity 15.3%
Free cash flow CHF 1.2B FY2025
P/E ratio 23.6
More key figures
Operating margin 10.7%
EPS (TTM) CHF 6.50
Dividend yield 2.4%
EPS growth (YoY) -46.5%
Net debt CHF 5.0B FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 59

Profitability 56
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 81
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

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide.

Full company description

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. It offers admixtures and additives for concrete, cement, and mortar production;waterproofing solutions, such as flexible membrane systems, liquid-applied membranes, joint waterproofing systems, waterproofing mortars, and injection resins under the SikaProof brand for commercial and residential basements, tunnels, bridges, and water retaining structures; and flat roofing systems, including both flexible sheet and liquid-applied membranes under the Sika Sarnafil brand, as well as vapor control layers, adhesives, insulation, fixation, roof drainage, and accessories. The company also provides adhesives and grouts, systems for under-tile waterproofing, sound reduction, decorative finishes, and exterior insulation finishing systems; flooring solutions, such as synthetic resin and cementitious systems for industrial and commercial settings; and sealants, adhesives, spray foams, and tapes for commercial, industrial, residential, and infrastructure construction projects. It serves automobile and commercial vehicle assembly, industrial lamination, renewable energy, home appliances, and advanced resins industries. The company was founded in 1910 and is headquartered in Baar, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sika AG reported revenue of CHF 11.2B in FY2025 versus CHF 9.3B in FY2021, a compound +4.9%/yr. Reported net income was CHF 1.0B in FY2025, compounding −0.1%/yr from FY2021.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 11.2B
Latest YoY
−4.8%
Avg. growth/yr (3Y)
+2.2%
Avg. growth/yr (5Y)
+7.3%
Avg. growth/yr (23Y)
+7.5%
Revenue +4.9%/yr
FY21 CHF 9.3B
FY22 CHF 10.5B
FY23 CHF 11.2B
FY24 CHF 11.8B
FY25 CHF 11.2B
Net income −0.1%/yr
FY21 CHF 1.0B
FY22 CHF 1.2B
FY23 CHF 1.1B
FY24 CHF 1.2B
FY25 CHF 1.0B

SIKA screens 46% overvalued. Compare with Linde plc →

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

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Chemicals · 680 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 59 · Above median
Fair Value upside −46% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 2.3% · Above median
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 25.0× · Cheaper than median
P/B 4.76× · Pricier than 75% of peers
P/S (TTM) 2.83× · Pricier than median
P/FCF 25.4× · Pricier than 75% of peers
EV/EBITDA 17.8× · Pricier than median
PEG 2.54× · 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 0 · sector 0
FUTURE 0 · sector 19
PAST 61 · sector 23
HEALTH 71 · sector 95
DIVIDEND 45 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $520.74 $226.27 -57%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Sika AG (SIKA) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of CHF 103.69 versus a price of CHF 191.30, about −46% (overvalued).
What is the fair value of SIKA?
Our model-based fair value for Sika AG is CHF 103.69 (as of Jul 14, 2026), built from audited fundamentals. The current price is CHF 191.30.
What is the quality score of SIKA?
Sika AG has a Quality Score of 59/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Sika AG (SIKA)?
Sika AG reported trailing-twelve-month revenue of about CHF 11.2B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of SIKA?
The net profit margin of Sika AG is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.
Does Sika AG pay a dividend?
Sika AG currently shows a dividend yield of about 2.43% relative to its recent price (as of Jul 14, 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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