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Valartis Group (VLRT) Fair Value & Analysis

Financial Services · CH · Market cap CHF 34.6M

VG Valartis Group VLRT · SW
PriceCHF 10.90
Fair ValueCHF 23.80
Upside+118.4%
Quality53/100
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Weak Growth
Highly profitable · 47.6% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Wide moat 67/100
Evidence: High Range CHF 17.85 – CHF 29.75 Share as image

Fair value as of: Jul 16, 2026

From 2 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from CHF 21.20 to CHF 23.80 (+12.3%) since Jun 26, 2026. Share price −4.4% over the past month.

A solid business, screening 118% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (CHF 17.85). The market is more pessimistic than our downside scenario.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

CHF 17.70 CHF 7.13 Fair Value CHF 23.80 Mar 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range CHF 7.13 – CHF 17.70 · fair‑value band CHF 17.85 – CHF 29.75 · the CHF 10.90 price screens below the CHF 23.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Valartis Group (VLRT) currently trades at CHF 10.90, while our model-based Fair Value estimate is CHF 23.80, implying the stock looks roughly 118.4% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Valartis Group generated revenue of CHF 15.6M at a net margin of 47.6%. Revenue declined 26.3% year over year. It earns a return on equity of 7.8%. Net debt stands at CHF 18.0M. Fundamentals as of Jul 16, 2026

Our scenario range runs from CHF 17.85 (bear case) to CHF 29.75 (bull case); at CHF 10.90, the current price sits below 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 27% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at 118%, VLRT 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
P/B Multiple CHF 22.23 CHF 29.64 CHF 37.05 55
NCAV (Graham) CHF 17.43 CHF 23.36 CHF 34.87 50
All 2 models by family
Multiples
P/B Multiple CHF 22.23 CHF 29.64 CHF 37.05 55
Asset-Based
NCAV (Graham) CHF 17.43 CHF 23.36 CHF 34.87 50

Widest divergence: Multiples (CHF 29.64) versus Asset-Based (CHF 23.36). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Revenue (TTM) CHF 15.6M
Revenue growth (YoY) -26.3%
Net margin 47.6%
Return on equity 7.8%
Free cash flow −CHF 12.0M FY2025
P/E ratio 4.1
More key figures
Operating margin 47.6%
EPS (TTM) CHF 2.61
EPS growth (YoY) +17.0%
Net debt CHF 18.0M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 46 · Market factors (momentum, volatility) 30

Profitability 38
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 78
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

Valartis Group AG provides financial services in Switzerland, Germany, Austria, Luxembourg, Central and Eastern Europe, and internationally. The company offers corporate finance advisory, and mergers and acquisitions services for listed and unlisted medium-sized companies; management of niche and healthcare funds; and equity investments.

Full company description

Valartis Group AG provides financial services in Switzerland, Germany, Austria, Luxembourg, Central and Eastern Europe, and internationally. The company offers corporate finance advisory, and mergers and acquisitions services for listed and unlisted medium-sized companies; management of niche and healthcare funds; and equity investments. It also engages in the management of commercial and residential properties, as well as investment in development projects. The company was founded in 1988 and is headquartered in Fribourg, Switzerland. Valartis Group AG operates as a subsidiary of MCG Holding SA.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Valartis Group reported revenue of CHF 5.6M in FY2025 versus CHF 9.6M in FY2021, a compound −12.6%/yr. Reported net income was CHF 7.4M in FY2025, compounding +9.3%/yr from FY2021.

Growth Quality 16/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
CHF 5.6M
Latest YoY
+32.7%
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.
−8.2%
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.
−7.9%
Avg. growth/yr (22Y) 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.
−8.6%
Revenue −12.6%/yr
FY21 CHF 9.6M
FY22 CHF 7.2M
FY23 CHF 7.2M
FY24 CHF 4.2M
FY25 CHF 5.6M
Net income +9.3%/yr
FY21 CHF 5.2M
FY22 CHF 7.2M
FY23 −CHF 3.6M
FY24 CHF 7.0M
FY25 CHF 7.4M

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Cite: Fair Value Calculator (2026). "Valartis Group Fair Value". https://www.fairvalue-calculator.com/stock/VLRT

Peer Group

Capital Markets · 424 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 53 · Below median
Fair Value upside +118% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 48% · Top 25%
Operating margin (TTM) 48% · Top 25%
Revenue growth -26% · Bottom 25%
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 4.6× · Cheaper than 75% of peers
P/B 0.42× · Cheaper than 75% of peers
P/S (TTM) 2.75× · Pricier than median
EV/EBITDA 7.8× · Cheaper 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 100 · sector 9
FUTURE 0 · sector 94
PAST 31 · sector 31
HEALTH 93 · sector 93
DIVIDEND 0 · sector 36

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 Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $0.2700 $0.0400 -85%
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is Valartis Group (VLRT) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of CHF 23.80 versus a price of CHF 10.90, about +118% (undervalued).
What is the fair value of VLRT?
Our model-based fair value for Valartis Group is CHF 23.80 (as of Jul 16, 2026), built from audited fundamentals. The current price is CHF 10.90.
What is the quality score of VLRT?
Valartis Group has a Quality Score of 53/100. 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 Valartis Group (VLRT)?
Valartis Group reported trailing-twelve-month revenue of about CHF 15.6M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of VLRT?
The net profit margin of Valartis Group is about 47.6%, meaning it keeps roughly 47.6% of revenue as net income. Based on the latest reported figures.

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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