OERL Stock Analysis: OC Oerlikon | SW
Specialty Industrial Machinery | SW, Switzerland | Market Cap: 1.423m CHF | 12M Return: 54.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.04M
Warnings
Tailwinds
Seasonality
OC Oerlikon Corporation AG is a Swiss industrial technology company that provides surface engineering, polymer processing, and advanced manufacturing services across Europe, the Americas, and Asia-Pacific. The business is organized into two main operating divisions: the Oerlikon Division and the Barmag Division, with the Barmag division historically associated with manmade fiber and filament spinning systems used in the textile industry.
The company serves a diverse set of end markets, including aerospace (actuation systems, landing gears, engine components, and rocket engine parts), automotive (brake systems, drivetrain, exhaust, interior, and green hydrogen components), and energy (components for gas, steam, hydro, and wind turbines). It also supplies tooling solutions for cutting, die casting, metal forming, and plastic processing, as well as medical applications such as artificial joints, dental implants, and surgical instruments. Surface treatment and coatings represent a core competency, positioning Oerlikon within the specialty industrial coatings segment, which serves anti-wear, thermal protection, and decorative purposes across multiple manufacturing industries.
Its surface solutions are marketed under brands including Oerlikon Balzers, Oerlikon Metco, Oerlikon AM (additive manufacturing), Oerlikon Riri, and Oerlikon Fineparts. In addition, the company supplies friction systems, turbine components, thermoelectrical insulation systems, and coating equipment. The breadth of its portfolio spans consumer-facing sectors such as luxury goods, beauty, and semiconductors alongside heavy industrial applications.
Oerlikon was founded in 1876 and is headquartered in Pfäffikon, Switzerland. It is listed on the SIX Swiss Exchange under the ticker OERL and is classified within the GICS Industrials sector, specifically the Industrial Machinery & Supplies & Components sub-industry.
- Aerospace component demand surges on narrowbody production ramp
- Surface Solutions margin expansion drives group profitability
- Manmade Fibers division pressured by weak Asian textile demand
| Net Income: -19.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.22 > 1.0 |
| NWC/Revenue: 7.27% < 20% (prev 4.55%; Δ 2.72% < -1%) |
| CFO/TA 0.05 > 3% & CFO 178.0m > Net Income -19.0m |
| Net Debt (1.51b) to EBITDA (196.0m): 7.72 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (326.4m) vs 12m ago 0.46% < -2% |
| Gross Margin: 27.93% > 18% (prev 27.28%; Δ 0.66% > 0.5%) |
| Asset Turnover: 40.16% > 50% (prev 59.27%; Δ -19.11% > 0%) |
| Interest Coverage Ratio: 0.72 > 6 (EBIT TTM 42.0m / Interest Expense TTM 58.0m) |
| A: 0.03 (Total Current Assets 1.90b - Total Current Liabilities 1.78b) / Total Assets 3.81b |
| B: 0.18 (Retained Earnings 674.0m / Total Assets 3.81b) |
| C: 0.01 (EBIT TTM 42.0m / Avg Total Assets 3.90b) |
| D: 0.32 (Book Value of Equity 912.0m / Total Liabilities 2.88b) |
| Altman-Z'' = 1.18 = BB |
| DSRI: 1.13 (Receivables 353.0m/472.0m, Revenue 1.57b/2.37b) |
| GMI: 0.98 (GM 27.28% / 27.93%) |
| AQI: 0.73 (AQ_t 0.36 / AQ_t-1 0.49) |
| SGI: 0.66 (Revenue 1.57b / 2.37b) |
| TATA: -0.05 (NI -19.0m - CFO 178.0m) / TA 3.81b) |
| Beneish M = -3.35 (Cap -4..+1) = AA |
As of July 14, 2026, the stock is trading at CHF 4.55 with a total of 489,460 shares traded. Over the past week, the price has changed by +0.00%, over one month by +17.75%, over three months by +31.36% and over the past year by +54.11%.
Current recommended Stop Loss: 4.30 (which is 5.5% or 1.8 ATR below the current price).
OC Oerlikon has no consensus analysts rating.
P/E Forward = 19.6078
P/S = 0.9077
P/B = 1.557
P/EG = 1.2771
Revenue TTM = 1.57b CHF
EBIT TTM = 42.0m CHF
EBITDA TTM = 196.0m CHF
Long Term Debt = 668.0m CHF (from longTermDebt, last quarter)
Short Term Debt = 729.0m CHF (from shortTermDebt, last quarter)
Debt = 1.75b CHF (from shortLongTermDebtTotal, last quarter) + Leases 190.0m
Net Debt = 1.51b CHF (calculated: Debt 1.75b - CCE 233.0m)
Enterprise Value = 2.94b CHF (1.42b + Debt 1.75b - CCE 233.0m)
Interest Coverage Ratio = 0.72 (Ebit TTM 42.0m / Interest Expense TTM 58.0m)
EV/FCF = 24.67x (Enterprise Value 2.94b / FCF TTM 119.0m)
FCF Yield = 4.05% (FCF TTM 119.0m / Enterprise Value 2.94b)
FCF Margin = 7.59% (FCF TTM 119.0m / Revenue TTM 1.57b)
Net Margin = -1.21% (Net Income TTM -19.0m / Revenue TTM 1.57b)
Gross Margin = 27.93% ((Revenue TTM 1.57b - Cost of Revenue TTM 1.13b) / Revenue TTM)
Gross Margin QoQ = 28.26% (prev 27.61%)
Tobins Q-Ratio = 0.77 (Enterprise Value 2.94b / Total Assets 3.81b)
Interest Expense / Debt = 3.32% (Interest Expense 58.0m / Debt 1.75b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 31.5m (EBIT 42.0m * (1 - 25.00%))
Current Ratio = 1.06 (Total Current Assets 1.90b / Total Current Liabilities 1.78b)
Debt / Equity = 1.91 (Debt 1.75b / totalStockholderEquity, last quarter 912.0m)
Debt / EBITDA = 7.72 (Net Debt 1.51b / EBITDA 196.0m)
Debt / FCF = 12.71 (Net Debt 1.51b / FCF TTM 119.0m)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.49% (Net Income -19.0m / Total Assets 3.81b)
RoE = -1.89% (Net Income TTM -19.0m / Total Stockholder Equity 1.00b)
RoCE = 2.51% (EBIT 42.0m / Capital Employed (Equity 1.00b + L.T.Debt 668.0m))
RoIC = 1.18% (NOPAT 31.5m / Invested Capital 2.67b)
WACC = 4.88% (E(1.42b)/V(3.17b) * Re(7.80%) + D(1.75b)/V(3.17b) * Rd(3.32%) * (1-Tc(0.25)))
Discount Rate = 7.80% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 35.96 | Cagr: 0.36%
[DCF] Terminal Value 73.10% ; FCFF base≈141.0m ; Y1≈123.6m ; Y5≈99.9m
[DCF] Fair Price = 0.28 (EV 1.60b - Net Debt 1.51b = Equity 90.6m / Shares 326.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -71.56 | Revenue CAGR: -13.49% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.22 | Chg30d=+22.62% | Revisions=+25% | GrowthEPS=+246.7% | GrowthRev=+2.0%
EPS next Year (2027-12-31): EPS=0.26 | Chg30d=+10.28% | Revisions=+25% | GrowthEPS=+17.8% | GrowthRev=+3.9%
[Analyst] Revisions Ratio: +40% (up=2, down=0)