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Bergbahnen Engelberg-Trübsee-Titlis AG (TIBN) Fair Value & Analysis

Consumer Cyclical · CH · Market cap CHF 162M

BE Bergbahnen Engelberg-Trübsee-Titlis AG TIBN · SW
PriceCHF 51.20
Fair ValueCHF 43.62
Upside-14.8%
Quality41/100
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Expensive Growth
Thin margins · 9.9% net margin
Low debt · negative free cash flow
1.61% dividend yield
Trails peers (3/13)
Moderate moat 46/100
Evidence: High Range CHF 30.55 – CHF 48.75 Share as image

Fair value as of: Jul 12, 2026

From 13 valuation models · updated 29 days ago

Share price +6.2% over the past month.

Below-average quality, and screening another 15% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 48.75). The favourable scenario is already priced in.
  • Our model range runs from CHF 30.55 (bear) to CHF 48.75 (bull), base CHF 43.62. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

CHF 60.49 CHF 35.77 Fair Value CHF 43.62 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range CHF 35.77 – CHF 60.49 · fair‑value band CHF 30.55 – CHF 48.75 · the CHF 51.20 price screens above the CHF 43.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Bergbahnen Engelberg-Trübsee-Titlis AG (TIBN) currently trades at CHF 51.20, while our model-based Fair Value estimate is CHF 43.62, implying the stock looks roughly 14.8% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Consumer Cyclical 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, Bergbahnen Engelberg-Trübsee-Titlis AG generated revenue of CHF 77.3M at a net margin of 9.9%. Revenue declined 0.1% year over year. It earns a return on equity of 4.7%. Net debt stands at CHF 44.6M. Fundamentals as of Jul 12, 2026

Our scenario range runs from CHF 30.55 (bear case) to CHF 48.75 (bull case); at CHF 51.20, 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 16% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at -15%, TIBN screens richer 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 34.05 CHF 32.85 CHF 26.87 76
Gordon GGM CHF 5.59 CHF 9.36 CHF 12.15 70
Growth-Adj P/E CHF 30.53 CHF 43.62 CHF 56.70 68
All 13 models by family
Earnings-Based
Graham-Dodd CHF 15.60 CHF 45.72 CHF 60.43 54
Lynch FV CHF 9.54 CHF 13.63 CHF 17.72 50
PEG = 1.0 CHF 9.54 CHF 13.63 CHF 17.72 46
Dividend Discount
Gordon GGM CHF 5.59 CHF 9.36 CHF 12.15 70
DDM Multi-Stage CHF 5.59 CHF 8.19 CHF 10.07 61
Multiples
P/E Multiple CHF 37.86 CHF 50.48 CHF 63.09 63
P/S Multiple CHF 19.65 CHF 26.19 CHF 32.74 58
P/B Multiple CHF 29.25 CHF 39.00 CHF 48.75 55
EV/EBIT CHF 0.4200 53
EV/EBITDA CHF 30.55 CHF 45.17 CHF 59.79 54
Asset-Based
NCAV (Graham) CHF 24.98 CHF 33.48 CHF 49.97 50
Economic Profit
Residual Income CHF 34.05 CHF 32.85 CHF 26.87 76
Growth Earnings
Growth-Adj P/E CHF 30.53 CHF 43.62 CHF 56.70 68

Widest divergence: Growth Earnings (CHF 43.62) versus Dividend Discount (CHF 8.19). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) CHF 77.3M
Revenue growth (YoY) -0.1%
Net margin 9.9%
Return on equity 4.7%
Free cash flow −CHF 34.2M FY2025
P/E ratio 21.9
More key figures
Operating margin 16.8%
EPS (TTM) CHF 2.29
Dividend yield 1.6%
EPS growth (YoY) -14.6%
Net debt CHF 44.6M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 42 · Market factors (momentum, volatility) 59

Profitability 27
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 83
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

Bergbahnen Engelberg-Trübsee-Titlis AG operates as a cableway company in Switzerland. It operates excursions, summer and winter adventures, hotels, restaurants and accommodation, and shops. The company also offers adventures, such as skiing, cliff walk, ice flyer, and glacier caves.

Full company description

Bergbahnen Engelberg-Trübsee-Titlis AG operates as a cableway company in Switzerland. It operates excursions, summer and winter adventures, hotels, restaurants and accommodation, and shops. The company also offers adventures, such as skiing, cliff walk, ice flyer, and glacier caves. Bergbahnen Engelberg-Trübsee-Titlis AG was founded in 1913 and is based in Engelberg, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bergbahnen Engelberg-Trübsee-Titlis AG reported revenue of CHF 73.1M in FY2025 versus CHF 24.0M in FY2021, a compound +32.1%/yr. Reported net income was CHF 7.7M in FY2025.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
CHF 73.1M
Latest YoY
+3.9%
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.
+15.1%
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.
+17.1%
Avg. growth/yr (23Y) 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.
+5.5%
Revenue +32.1%/yr
FY21 CHF 24.0M
FY22 CHF 47.9M
FY23 CHF 68.4M
FY24 CHF 70.4M
FY25 CHF 73.1M
Net income
FY21 −CHF 5.0M
FY22 CHF 3.3M
FY23 CHF 10.3M
FY24 CHF 15.0M
FY25 CHF 7.7M
Character of growth · EPS growth decomposed (2014-2025) −7.4 % p.a.
Revenue per share +0.9 pp

of which total revenue +0.8 pp · buybacks/dilution +0.0 pp

EBIT margin −9.6 pp
Tax rate +1.3 pp
Residual (interest, one-offs) +0.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

TIBN screens 15% overvalued. Compare with ANTA Sports Products Limited →

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Cite: Fair Value Calculator (2026). "Bergbahnen Engelberg-Trübsee-Titlis AG Fair Value". https://www.fairvalue-calculator.com/stock/TIBN

Peer Group

Leisure · 190 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 41 · Bottom 25%
Fair Value upside −15% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 17% · Top 25%
Revenue growth -0% · Below median
Dividend yield (TTM) 1.6% · Below median
Debt / equity 0.42× · Higher than 75% of peers

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 29.2× · Pricier than median
P/B 1.20× · Cheaper than median
P/S (TTM) 2.59× · Pricier than 75% of peers
EV/EBITDA 11.7× · 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 14 · sector 14
FUTURE 0 · sector 18
PAST 19 · sector 19
HEALTH 79 · sector 94
DIVIDEND 32 · sector 51

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 Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

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Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is Bergbahnen Engelberg-Trübsee-Titlis AG (TIBN) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of CHF 43.62 versus a price of CHF 51.20, about −15% (overvalued).
What is the fair value of TIBN?
Our model-based fair value for Bergbahnen Engelberg-Trübsee-Titlis AG is CHF 43.62 (as of Jul 12, 2026), built from audited fundamentals. The current price is CHF 51.20.
What is the quality score of TIBN?
Bergbahnen Engelberg-Trübsee-Titlis AG has a Quality Score of 41/100. 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 Bergbahnen Engelberg-Trübsee-Titlis AG (TIBN)?
Bergbahnen Engelberg-Trübsee-Titlis AG reported trailing-twelve-month revenue of about CHF 77.3M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of TIBN?
The net profit margin of Bergbahnen Engelberg-Trübsee-Titlis AG is about 9.9%, meaning it keeps roughly 9.9% of revenue as net income. Based on the latest reported figures.
Does Bergbahnen Engelberg-Trübsee-Titlis AG pay a dividend?
Bergbahnen Engelberg-Trübsee-Titlis AG currently shows a dividend yield of about 1.56% relative to its recent price (as of Jul 12, 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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