EN DE

Vetropack Holding (VETN) Fair Value & Analysis

Consumer Cyclical · CH · Market cap CHF 370M

VH Vetropack Holding VETN · SW
PriceCHF 18.34
Fair ValueCHF 11.91
Upside-35.1%
Quality50/100
Watch Vetropack Holding for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 0.5% net margin
Low debt · generates free cash flow
2.72% dividend yield
Trails peers (4/15)
Narrow moat 27/100
Evidence: High Range CHF 6.32 – CHF 18.95 Share as image

Fair value as of: Jul 14, 2026

From 21 valuation models · updated 26 days ago

Fair value updated Jul 14, 2026, revised from CHF 11.89 to CHF 11.91 (+0.2%) since Jun 24, 2026. Share price −0.3% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • The model range is unusually wide (CHF 6.32 to CHF 18.95). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

CHF 55.30 CHF 18.00 Fair Value CHF 11.91 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 18.00 – CHF 55.30 · fair‑value band CHF 6.32 – CHF 18.95 · the CHF 18.34 price screens above the CHF 11.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Vetropack Holding (VETN) currently trades at CHF 18.34, while our model-based Fair Value estimate is CHF 11.91, implying the stock looks roughly 35.1% overvalued today. The Quality Score stands at 50/100 (solid 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, Vetropack Holding generated revenue of CHF 784M at a net margin of 0.5%. Revenue declined 8.1% year over year. It earns a return on equity of 0.5%. Net debt stands at CHF 148M. Fundamentals as of Jul 14, 2026

Our scenario range runs from CHF 6.32 (bear case) to CHF 18.95 (bull case); at CHF 18.34, the current price sits within 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 48% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -35%, VETN 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 BearBaseBull Evidence
Highest evidence
Growth DCF CHF 7.10 CHF 11.10 CHF 16.80 80
Residual Income CHF 33.89 CHF 31.05 CHF 19.66 76
Rev-Margin DCF CHF 5.61 CHF 11.55 CHF 18.54 74
All 21 models by family
DCF Models
FCF DCF CHF 6.75 CHF 10.99 CHF 17.45 38
5Y Revenue Exit CHF 5.61 CHF 11.26 CHF 18.94 39
5Y EBITDA Exit CHF 26.68 CHF 47.46 CHF 73.16 41
5Y P/E Exit CHF 0.0400 CHF 1.70 CHF 3.54 38
10Y Revenue Exit CHF 5.66 CHF 10.40 CHF 15.83 36
10Y EBITDA Exit CHF 17.87 CHF 32.36 CHF 49.46 37
10Y P/E Exit CHF 2.84 CHF 4.59 CHF 6.28 35
Earnings-Based
Graham-Dodd CHF 1.88 CHF 3.47 CHF 4.31 54
Dividend Discount
Gordon GGM CHF 11.17 CHF 14.25 CHF 17.09 70
DDM Multi-Stage CHF 11.17 CHF 14.55 CHF 18.10 61
Multiples
P/E Multiple CHF 3.52 CHF 4.69 CHF 5.86 63
P/S Multiple CHF 3.52 CHF 4.69 CHF 5.86 58
P/B Multiple CHF 3.52 CHF 4.69 CHF 5.86 55
EV/EBIT CHF 7.88 CHF 13.17 CHF 18.46 53
EV/EBITDA CHF 49.15 CHF 68.19 CHF 87.23 54
EV/Revenue CHF 5.77 CHF 11.66 CHF 17.55 43
Asset-Based
NCAV (Graham) CHF 26.58 CHF 35.62 CHF 53.17 50
Growth DCF
Growth DCF CHF 7.10 CHF 11.10 CHF 16.80 80
Rev-Margin DCF CHF 5.61 CHF 11.55 CHF 18.54 74
Economic Profit
Residual Income CHF 33.89 CHF 31.05 CHF 19.66 76
Growth Earnings
Growth-Adj P/E CHF 2.53 CHF 3.61 CHF 4.69 68

Widest divergence: Asset-Based (CHF 35.62) versus Earnings-Based (CHF 3.47). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 784M
Revenue growth (YoY) -8.1%
Net margin 0.5%
Return on equity 0.5%
Free cash flow CHF 23.8M FY2025
P/E ratio 98.3
More key figures
Operating margin 4.0%
EPS (TTM) CHF 0.1900
Dividend yield 2.7%
EPS growth (YoY) +4.3%
Net debt CHF 148M FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 30

Profitability 26
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 3
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

Vetropack Holding AG, together with its subsidiaries, manufactures glass packaging products for the food and beverage industry in Switzerland, Austria, the Czech Republic, Croatia, Slovakia, Ukraine, Italy, the Republic of Moldova, and Romania. The company offers jars, bottles, and containers, as well as Rezon, a thermally strengthened glass bottle.

Full company description

Vetropack Holding AG, together with its subsidiaries, manufactures glass packaging products for the food and beverage industry in Switzerland, Austria, the Czech Republic, Croatia, Slovakia, Ukraine, Italy, the Republic of Moldova, and Romania. The company offers jars, bottles, and containers, as well as Rezon, a thermally strengthened glass bottle. It also provides consulting and support services in various areas, such as packaging analysis, filling/bottling and closure technology, glass finishing, and labelling, as well as technical customer service. The company operates was founded in 1911 and is headquartered in Bülach, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vetropack Holding reported revenue of CHF 779M in FY2025 versus CHF 817M in FY2021, a compound −1.2%/yr. Reported net income was CHF 3.8M in FY2025, compounding −50.6%/yr from FY2021.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 779M
Latest YoY
−7.5%
Avg. growth/yr (3Y)
−4.7%
Avg. growth/yr (5Y)
+3.3%
Avg. growth/yr (21Y)
+2.7%
Revenue −1.2%/yr
FY21 CHF 817M
FY22 CHF 899M
FY23 CHF 899M
FY24 CHF 842M
FY25 CHF 779M
Net income −50.6%/yr
FY21 CHF 63.8M
FY22 CHF 40.7M
FY23 CHF 63.3M
FY24 CHF 13.7M
FY25 CHF 3.8M

VETN screens 35% overvalued. Compare with Stora Enso Oyj →

Share or link this analysis
For bloggers & editors: embed code + live data

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.

Cite: Fair Value Calculator (2026). "Vetropack Holding Fair Value". https://www.fairvalue-calculator.com/stock/VETN

Peer Group

Packaging & Containers · 273 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 50 · Below median
Fair Value upside −35% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -8% · Below median
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 98.3× · Pricier than 75% of peers
P/B 0.63× · Cheaper than median
P/S (TTM) 0.58× · Cheaper than median
P/FCF 19.2× · Pricier than 75% of peers
EV/EBITDA 4.8× · Cheaper than median
PEG 1.96× · 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 9
FUTURE 0 · sector 1
PAST 2 · sector 21
HEALTH 86 · sector 92
DIVIDEND 54 · sector 42

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

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

Compare Vetropack Holding with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Vetropack Holding (VETN) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of CHF 11.91 versus a price of CHF 18.34, about −35% (overvalued).
What is the fair value of VETN?
Our model-based fair value for Vetropack Holding is CHF 11.91 (as of Jul 14, 2026), built from audited fundamentals. The current price is CHF 18.34.
What is the quality score of VETN?
Vetropack Holding has a Quality Score of 50/100. 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 Vetropack Holding (VETN)?
Vetropack Holding reported trailing-twelve-month revenue of about CHF 784M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of VETN?
The net profit margin of Vetropack Holding is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. Based on the latest reported figures.
Does Vetropack Holding pay a dividend?
Vetropack Holding currently shows a dividend yield of about 2.55% 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.

14 days Pro free · no card

Track Vetropack Holding and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.