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Stadler Rail AG (SRAIL) Fair Value & Analysis

Industrials · CH · Market cap CHF 2.3B

SR Stadler Rail AG SRAIL · SW
PriceCHF 24.28
Fair ValueCHF 15.35
Upside-36.8%
Quality43/100
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Expensive Growth
Thin margins · 2.4% net margin
Moderate debt · negative free cash flow
2.10% dividend yield
Trails peers (4/13)
Narrow moat 38/100
Evidence: High Range CHF 10.75 – CHF 19.96 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated yesterday

Share price +3.1% over the past month.

Below-average quality, and screening another 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 19.96). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (CHF 10.75 to CHF 19.96) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 39.71 CHF 17.55 Fair Value CHF 15.35 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 17.55 – CHF 39.71 · fair‑value band CHF 10.75 – CHF 19.96 · the CHF 24.28 price screens above the CHF 15.35 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

Stadler Rail AG (SRAIL) currently trades at CHF 24.28, while our model-based Fair Value estimate is CHF 15.35, implying the stock looks roughly 36.8% overvalued today. The Quality Score stands at 43/100 (below-average 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, Stadler Rail AG generated revenue of CHF 3.7B at a net margin of 2.4%. Revenue grew 16.0% year over year. It earns a return on equity of 12.4%. Net debt stands at CHF 275M. Fundamentals as of Aug 13, 2026

Our scenario range runs from CHF 10.75 (bear case) to CHF 19.96 (bull case); at CHF 24.28, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades near its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -47% fair-value upside, at -37%, SRAIL 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 CHF 7.18 CHF 8.06 CHF 13.62 76
ROIC Compounder CHF 12.37 CHF 14.81 CHF 17.50 72
Gordon GGM CHF 1.75 CHF 3.27 CHF 5.29 70
All 15 models by family
Earnings-Based
Graham-Dodd CHF 5.99 CHF 15.25 CHF 19.84 54
PEG = 1.0 CHF 2.84 CHF 4.06 CHF 5.28 46
EPV CHF 11.91 CHF 13.54 CHF 14.94 59
Dividend Discount
Gordon GGM CHF 1.75 CHF 3.27 CHF 5.29 70
DDM Multi-Stage CHF 1.75 CHF 2.63 CHF 3.54 61
Multiples
P/E Multiple CHF 13.86 CHF 18.49 CHF 23.11 63
P/S Multiple CHF 11.22 CHF 14.96 CHF 18.71 58
P/B Multiple CHF 11.22 CHF 14.96 CHF 18.71 55
EV/EBIT CHF 22.38 CHF 29.31 CHF 36.23 53
EV/EBITDA CHF 28.99 CHF 38.12 CHF 47.24 54
EV/Revenue CHF 16.44 CHF 22.79 CHF 29.15 43
Asset-Based
NCAV (Graham) CHF 4.06 CHF 5.44 CHF 8.12 50
Economic Profit
Residual Income CHF 7.18 CHF 8.06 CHF 13.62 76
ROIC Compounder CHF 12.37 CHF 14.81 CHF 17.50 72
Growth Earnings
Growth-Adj P/E CHF 10.75 CHF 15.35 CHF 19.96 68

Widest divergence: Multiples (CHF 18.49) versus Dividend Discount (CHF 2.63). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) CHF 3.7B
Revenue growth (YoY) +16.0%
Net margin 2.4%
Return on equity 12.4%
Free cash flow −CHF 560M FY2025
P/E ratio 27.6
More key figures
Operating margin 5.4%
EPS (TTM) CHF 0.8800
Dividend yield 2.3%
EPS growth (YoY) +394%
Net debt CHF 275M FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 38 · Market factors (momentum, volatility) 63

Profitability 29
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 82
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

Stadler Rail AG, through its subsidiaries, engages in the manufacture and sale of trains in Switzerland, Germany, Austria, Western and Eastern Europe, the Americas, the CIS countries, and internationally. The company operates through three segments: Rolling Stock; Service & Components; and Signalling.

Full company description

Stadler Rail AG, through its subsidiaries, engages in the manufacture and sale of trains in Switzerland, Germany, Austria, Western and Eastern Europe, the Americas, the CIS countries, and internationally. The company operates through three segments: Rolling Stock; Service & Components; and Signalling. The Rolling Stock segment manufactures various rail vehicles comprising high-speed, intercity, regional trains, city transport, locomotives, and tailor made, as well as passenger coaches, light rails, and trams. The Service & Component segment provides revision, spare parts, vehicle repair, modernization and overhauling, and maintenance services; and supplies vehicle components, such as car bodies or bogies. The Signalling segment develops and distributes various signalling solutions for vehicles and infrastructures. This segment offers various solutions in the areas of train protection, communication-based train control for driverless operation, automatic train operation, driving assistance systems, interlocking technologies, and other trackside components for automatic train protection system, as well as services for the planning and implementation of security systems. The company was founded in 1942 and is headquartered in Bussnang, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Stadler Rail AG reported revenue of CHF 3.7B in FY2025 versus CHF 3.6B in FY2021, a compound +0.3%/yr. Reported net income was CHF 88.0M in FY2025, compounding −9.9%/yr from FY2021.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
CHF 3.7B
Latest YoY
+13.0%
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.
−0.6%
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.
+3.6%
Avg. growth/yr (9Y) 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.
+6.6%
Revenue +0.3%/yr
FY21 CHF 3.6B
FY22 CHF 3.8B
FY23 CHF 3.6B
FY24 CHF 3.3B
FY25 CHF 3.7B
Net income −9.9%/yr
FY21 CHF 134M
FY22 CHF 72.9M
FY23 CHF 124M
FY24 CHF 38.4M
FY25 CHF 88.0M

SRAIL screens 37% overvalued. Compare with Union Pacific Corporation →

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Cite: Fair Value Calculator (2026). "Stadler Rail AG Fair Value". https://www.fairvalue-calculator.com/stock/SRAIL

Peer Group

Railroads · 114 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 43 · Bottom 25%
Fair Value upside −37% · Below median
Return on equity (TTM) 12% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 2% · Bottom 25%
Operating margin (TTM) 5% · Below median
Revenue growth 16% · Top 25%
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.62× · Higher than median

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 27.6× · Pricier than median
P/B 3.53× · Pricier than 75% of peers
P/S (TTM) 0.78× · Cheaper than median
EV/EBITDA 11.0× · Pricier than median

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 25
FUTURE 80 · sector 19
PAST 49 · sector 30
HEALTH 69 · sector 89
DIVIDEND 42 · sector 41

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

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $293.73 $141.29 -52%
CSX Corporation CSX $50.08 $12.62 -75%
Canadian Pacific Kansas City Limited CP $92.69 $34.23 -63%
Canadian National Railway Company CNR C$176.01 C$92.68 -47%
Norfolk Southern Corporation NSC $335.41 $114.55 -66%
Westinghouse Air Brake Technologies Corporation WAB $295.54 $144.80 -51%
Beijing-Shanghai High-Speed Railway Co 601816 ¥5.04 ¥5.65 +12%
MTR Corporation 0066 HK$32.30 HK$17.85 -45%
CRRC Corporation 601766 ¥5.98 ¥9.53 +59%
Daqin Railway Co 601006 ¥4.72 ¥6.22 +32%

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Frequently asked questions

Is Stadler Rail AG (SRAIL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of CHF 15.35 versus a price of CHF 24.28, about −37% (overvalued).
What is the fair value of SRAIL?
Our model-based fair value for Stadler Rail AG is CHF 15.35 (as of Aug 13, 2026), built from audited fundamentals. The current price is CHF 24.28.
What is the quality score of SRAIL?
Stadler Rail AG has a Quality Score of 43/100. 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 Stadler Rail AG (SRAIL)?
Stadler Rail AG reported trailing-twelve-month revenue of about CHF 3.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SRAIL?
The net profit margin of Stadler Rail AG is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does Stadler Rail AG pay a dividend?
Stadler Rail AG currently shows a dividend yield of about 2.25% relative to its recent price (as of Aug 13, 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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