VAT Group AG (VACN) fair value: what the stock is really worth
We calculate from audited financials what VAT Group AG is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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A strong business, but trading 366% above our fair value of CHF 132.45.
As of Sep 10, 2026, the fair value of VAT Group AG is CHF 132.45 per share against a price of CHF 617.60, so the fair value sits 79% below the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y +9.2 %/yr)
✓Solidly profitable · 20.0% net margin
✓Low debt · generates free cash flow
·1.13% dividend yield
!Mixed vs. peers (7/15)
✓Wide moat 79/100
!Weak on future: 24 out of 100
!Weak on dividend: 23 out of 100
Evidence: HighRange CHF 90.90 to CHF 166.45
Fair value as of: Sep 10, 2026
From 26 valuation models · updated today
Share price −1.3% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
The price sits above even our optimistic bull case (CHF 166.45). The favourable scenario is already priced in.
A fairly wide model range (CHF 90.90 to CHF 166.45) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 10, 2026.
How to read this chart
60‑month range CHF 186.17 – CHF 709.40 · fair‑value band CHF 90.90 – CHF 166.45 · the CHF 617.60 price screens above the CHF 132.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 10, 2026.
VAT Group AG (VACN) currently trades at CHF 617.60, while our model-based Fair Value estimate is CHF 132.45, implying the stock looks roughly 366.2% overvalued today. The Quality Score stands at 80/100 (high quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of CHF 159.76 per share, and 0 of the 26 models we run sit above the CHF 617.60 price. Bear case: the Asset-Based group reads lowest at CHF 17.73, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, VAT Group AG generated revenue of CHF 1.1B at a net margin of 20.0%. Revenue grew 4.7% year over year. It earns a return on equity of 27.7%. Net debt stands at CHF 107M. Fundamentals as of Sep 10, 2026
Scenario range: CHF 90.90 (bear) to CHF 166.45 (bull), the price of CHF 617.60 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 2% below its 52-week high and 143% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −79%, VACN screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (CHF 0.1040 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (CHF 17.73 to CHF 204.32). Read the values as a conservative anchor, not as a price target.
ModelBear ⓘ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
FCF DCF best evidenceCHF 101.40CHF 173.46CHF 294.2978
Growth DCFCHF 101.37CHF 169.34CHF 281.3976
Owner EarningsCHF 88.20CHF 150.57CHF 255.1674
All 26 models by family
DCF Models
FCF DCF best evidenceCHF 101.40CHF 173.46CHF 294.2978
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Key figures & financial health
P/E ratio86.4
P/S ratio17.2P/E × margin
EPS (TTM)CHF 7.15price ÷ EPS = P/E 86.4
Dividend yield1.1%payout 97.9%
Net margin20.0%FY2025
Return on equity27.7%TTM
More key figures
Profitability
Return on assets (EBIT)22.5%avg 5y
Operating margin22.2%TTM
Growth
Revenue (TTM)CHF 1.1BTTM
Revenue growth (YoY)+4.7%3y avg −2.1%
EPS growth (YoY)−7.7%
Balance sheet & cash flow
Free cash flowCHF 237MFY2025
Net debtCHF 107MFY2025 · ≈ 0.5 yrs of FCF
Figures from reported company fundamentals · as of Sep 10, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality80/100
Of which business quality 77
· Market factors (momentum, volatility) 61
Profitability77
Margins and returns on capital today
Quality Growth48
Are margins and returns improving?
Cashflow79
Earnings quality: real cash, not paper profit
Fin. Strength85
Balance sheet, leverage, solvency risk
Investment93
Disciplined investing over empire-building
Low Volatility26
Calm price path (market factor)
Momentum68
Price trend over the last 3–12 months (market factor)
52W Momentum88
Distance to the 52-week high (market factor)
Net Issuance82
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
VAT Group AG, together with its subsidiaries, engages in the development, manufacture, and sale of vacuum and gas inlet valves, multi-valve modules, motion components, and edge-welded metal bellows. It operates in two segments, Valves and Global Service.
Full company description
VAT Group AG, together with its subsidiaries, engages in the development, manufacture, and sale of vacuum and gas inlet valves, multi-valve modules, motion components, and edge-welded metal bellows. It operates in two segments, Valves and Global Service. The Valves segment offers vacuum valves for the semiconductor, displays, photovoltaics, and vacuum coating industries, as well as for the industrial and research sectors. The Global Service segment provides spare parts, repairs, and upgrades, as well as support services. The company offers vacuum isolation, gate, angle, inline, check, cylinder, and all-metal valves; vacuum pendulum and butterfly valves; 3 position, multi-value, and vacuum control valves; vacuum transfer valves and doors; pressure relief/venting, gas dosing, and fast closing/beam stopper valves; and flange connections, bellows, and vacuum modules. It has operations in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. VAT Group AG was founded in 1965 and is headquartered in Solothurn, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
VAT Group AG reported revenue of CHF 1.1B in FY2025 versus CHF 901M in FY2021, a compound +4.5%/yr. Reported net income was CHF 214M in FY2025, compounding −0.4%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
CHF 1.1B
Latest YoY
+13.9%
Avg. revenue 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.
−2.1%
Avg. revenue 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.
+9.2%
Avg. revenue growth/yr (10Y) ⓘ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.
+10.1%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+12.0%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+10.9%
Dividend yield1.1%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 10.9% vs 10Y 17.9%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24.5% (2020) → 24.7% (2025) · steady
Worst earnings drop45% (2019) · in CHF
Revenue+4.5%/yr
FY21CHF 901M
FY22CHF 1.1B
FY23CHF 885M
FY24CHF 942M
FY25CHF 1.1B
Net income−0.4%/yr
FY21CHF 217M
FY22CHF 307M
FY23CHF 190M
FY24CHF 212M
FY25CHF 214M
Character of growth · EPS growth decomposed (2015-2025)+19.3 % p.a.
Revenue per share+6.5 %
of which total revenue +9.2 % · buybacks/dilution −2.4 %
EBIT margin+1.0 %
Tax rate+2.7 %
Residual (interest, one-offs)+8.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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
Quality Score80 · Top 25%
Fair Value upside−78% · Bottom 25%
Profitability
Return on equity (TTM)28% · Top 25%
Return on assets12% · Top 25%
Net margin (TTM)20% · Top 25%
Operating margin (TTM)22% · Top 25%
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)1.1% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)86.4× · Priciest 25%
P/B31.08× · Priciest 25%
P/S (TTM)22.96× · Priciest 25%
P/FCF104.2× · Priciest 25%
EV/EBITDA83.2× · Priciest 25%
PEG3.44× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must VAT Group AG deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+27.7 % per year
Achieved revenue growth, 5 years+9.2 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price1.28 %
Discount rate (WACC) in the models10.3 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 0
FUTURE24· sector 21
PAST100· sector 28
HEALTH97· sector 96
DIVIDEND23· sector 27
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
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Sep 10, 2026).
As of Sep 10, 2026, our model estimates a fair value of CHF 132.45 versus a price of CHF 617.60, about −79% upside (overvalued).
What is the fair value of VACN?
Our model-based fair value for VAT Group AG is CHF 132.45 (as of Sep 10, 2026), built from audited fundamentals. The current price: CHF 617.60.
What is the quality score of VACN?
VAT Group AG has a Quality Score of 80/100. 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 price target for VAT Group AG (VACN)?
Our model-based price target is the fair value of CHF 132.45 (as of Sep 10, 2026) from 26 valuation models. Cautious scenario CHF 90.90, optimistic scenario CHF 166.45. It is a calculation from audited fundamentals, not an analyst target.
What is the VAT Group AG stock forecast for 2026?
Our models put fair value at CHF 132.45, about −79% upside versus a price of CHF 617.60 (overvalued). Cautious scenario CHF 90.90, optimistic scenario CHF 166.45. The calculation is refreshed regularly with new filings.
What is the revenue of VAT Group AG (VACN)?
VAT Group AG reported trailing-twelve-month revenue of about CHF 1.1B (latest available figure, as of Sep 10, 2026).
What is the net profit margin of VACN?
The net profit margin of VAT Group AG is about 20.0%, meaning it keeps roughly 20.0% of revenue as net income. Based on the latest reported figures.
Does VAT Group AG pay a dividend?
VAT Group AG currently shows a dividend yield of about 1.13% relative to its recent price (as of Sep 10, 2026).
What growth is priced into VAT Group AG (VACN)?
For today's price to be fair in a discounted-cash-flow model, VAT Group AG would have to grow free cash flow by +27.7 % per year for ten years (discount rate 10.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew +9.2 % per year. As of Sep 10, 2026.
What discount rate (WACC) does the fair value of VACN use?
Our models discount VAT Group AG at 10.3 %: a base by market capitalisation (large), damped by beta 1.56, country premium for Switzerland. The same rate applies in all 26 models.
What is the intrinsic value of VAT Group AG (VACN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VAT Group AG it is CHF 132.45 per share (as of Sep 10, 2026), against a price of CHF 617.60. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is VAT Group AG stock overvalued or undervalued in 2026?
As of Sep 10, 2026, VACN trades above its calculated fair value: price CHF 617.60, fair value CHF 132.45, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VACN?
No. The price is what the market pays today (CHF 617.60); the fair value is what the company's own numbers justify (CHF 132.45). For VAT Group AG the two are CHF 485.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is VAT Group AG worth?
The market values VAT Group AG at about CHF 18.5B (market capitalisation, as of Sep 10, 2026). Per share that is CHF 617.60; our models calculate a fair value of CHF 132.45 per share.
What do the bullish and bearish scenarios say about VACN?
Our models span a range for VAT Group AG: cautious scenario CHF 90.90, base CHF 132.45, optimistic CHF 166.45 per share (as of Sep 10, 2026, price CHF 617.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VACN?
VAT Group AG trades at a price-to-earnings ratio of 86.4 (as of Sep 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 132.45 is built from several models across several years. Other multiples: PEG 3.4, P/B 31.1, P/S 23.0, EV/EBITDA 83.2.
What is the PEG ratio of VACN?
The PEG ratio of VAT Group AG is 3.44 (P/E divided by earnings growth, as of Sep 10, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of VAT Group AG (VACN)?
Balance-sheet figures for VAT Group AG (as of Sep 10, 2026): return on equity 27.7%, debt of 0.06 per unit of equity. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is VACN from its 52-week high?
VAT Group AG trades at CHF 617.60, about 2% below its 52-week high of CHF 629.60 and 143% above the low of CHF 254.39 (as of Sep 10, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 132.45 is for.
Which stocks are comparable to VAT Group AG?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is VAT Group AG stock attractive at the current price?
The data as of Sep 10, 2026: price CHF 617.60, calculated fair value CHF 132.45 (−79%), Quality Score 80/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VACN calculated?
We run VAT Group AG through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of CHF 132.45, with the spread shown as a cautious and an optimistic scenario.
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