(VACN) VAT - SW
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: SW (Switzerland) | Market Cap: 19.880m CHF | Total Return: 97.8% in 12m
Avg Turnover: 41.0M
Warnings
P/E ratio 92.7
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Tailwind, Confidence
VAT Group AG is a Switzerland-based manufacturer specializing in high-end vacuum valves and motion components. The company operates through two primary segments: Valves, which develops hardware for high-precision manufacturing environments, and Global Service, which manages aftermarket support, repairs, and spare parts. Its product portfolio includes isolation, transfer, and control valves essential for maintaining ultra-high vacuum conditions.
The business model relies heavily on the semiconductor industry, where vacuum valves are critical components in wafer fabrication processes such as etching and thin-film deposition. As chip architectures become more complex, the demand for precise pressure control and contamination-free environments increases the technical requirements for these components. VAT Group maintains an extensive global footprint with manufacturing and service hubs across Asia, Europe, and the United States to support major semiconductor equipment manufacturers.
For a more detailed look at the company’s historical performance and valuation metrics, consider reviewing the data on ValueRay.
- Semiconductor capital equipment spending cycles drive core Valves segment revenue
- High-margin Global Service segment growth stabilizes earnings during market downturns
- Dominant market share in high-vacuum valves ensures pricing power and margins
- Expansion of manufacturing capacity in Malaysia reduces operational costs and lead times
| Net Income: 214.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 3.94 > 1.0 |
| NWC/Revenue: 10.59% < 20% (prev 35.11%; Δ -24.51% < -1%) |
| CFO/TA 0.23 > 3% & CFO 294.9m > Net Income 214.3m |
| Net Debt (107.3m) to EBITDA (313.6m): 0.34 < 3 |
| Current Ratio: 1.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.0m) vs 12m ago -0.22% < -2% |
| Gross Margin: 35.46% > 18% (prev 35.82%; Δ -0.36% > 0.5%) |
| Asset Turnover: 83.60% > 50% (prev 72.77%; Δ 10.83% > 0%) |
| Interest Coverage Ratio: 12.63 > 6 (EBIT TTM 264.8m / Interest Expense TTM 21.0m) |
| A: 0.09 (Total Current Assets 475.7m - Total Current Liabilities 362.0m) / Total Assets 1.27b |
| B: 0.64 (Retained Earnings 813.8m / Total Assets 1.27b) |
| C: 0.21 (EBIT TTM 264.8m / Avg Total Assets 1.28b) |
| D: 1.65 (Book Value of Equity 793.2m / Total Liabilities 480.2m) |
| Altman-Z'' = 5.79 = AAA |
| DSRI: 0.86 (Receivables 128.6m/131.5m, Revenue 1.07b/942.2m) |
| GMI: 1.01 (GM 35.82% / 35.46%) |
| AQI: 1.01 (AQ_t 0.36 / AQ_t-1 0.36) |
| SGI: 1.14 (Revenue 1.07b / 942.2m) |
| TATA: -0.06 (NI 214.3m - CFO 294.9m) / TA 1.27b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of June 15, 2026, the stock is trading at CHF 663.40 with a total of 77,044 shares traded.
Over the past week, the price has changed by +9.91%,
over one month by +10.83%,
over three months by +33.03% and
over the past year by +97.80%.
VAT has no consensus analysts rating.
P/E Trailing = 92.6536
P/E Forward = 66.6667
P/S = 18.5186
P/B = 25.0641
P/EG = 3.4279
Revenue TTM = 1.07b CHF
EBIT TTM = 264.8m CHF
EBITDA TTM = 313.6m CHF
Long Term Debt = 44.7m CHF (from longTermDebt, last quarter)
Short Term Debt = 203.6m CHF (from shortTermDebt, last quarter)
Debt = 248.3m CHF (from shortLongTermDebtTotal, last quarter)
Net Debt = 107.3m CHF (calculated: Debt 248.3m - CCE 140.9m)
Enterprise Value = 20.0b CHF (19.9b + Debt 248.3m - CCE 140.9m)
Interest Coverage Ratio = 12.63 (Ebit TTM 264.8m / Interest Expense TTM 21.0m)
EV/FCF = 83.73x (Enterprise Value 20.0b / FCF TTM 238.7m)
FCF Yield = 1.19% (FCF TTM 238.7m / Enterprise Value 20.0b)
FCF Margin = 22.24% (FCF TTM 238.7m / Revenue TTM 1.07b)
Net Margin = 19.96% (Net Income TTM 214.3m / Revenue TTM 1.07b)
Gross Margin = 35.46% ((Revenue TTM 1.07b - Cost of Revenue TTM 692.8m) / Revenue TTM)
Gross Margin QoQ = 3.00% (prev 65.45%)
Tobins Q-Ratio = 15.70 (Enterprise Value 20.0b / Total Assets 1.27b)
Interest Expense / Debt = 8.45% (Interest Expense 21.0m / Debt 248.3m)
Taxrate = 16.72% (43.0m / 257.3m)
NOPAT = 220.5m (EBIT 264.8m * (1 - 16.72%))
Current Ratio = 1.31 (Total Current Assets 475.7m / Total Current Liabilities 362.0m)
Debt / Equity = 0.31 (Debt 248.3m / totalStockholderEquity, last quarter 793.2m)
Debt / EBITDA = 0.34 (Net Debt 107.3m / EBITDA 313.6m)
Debt / FCF = 0.45 (Net Debt 107.3m / FCF TTM 238.7m)
Total Stockholder Equity = 725.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 16.69% (Net Income 214.3m / Total Assets 1.27b)
RoE = 29.56% (Net Income TTM 214.3m / Total Stockholder Equity 725.0m)
RoCE = 34.40% (EBIT 264.8m / Capital Employed (Equity 725.0m + L.T.Debt 44.7m))
RoIC = 20.78% (NOPAT 220.5m / Invested Capital 1.06b)
WACC = 10.26% (E(19.9b)/V(20.1b) * Re(10.30%) + D(248.3m)/V(20.1b) * Rd(8.45%) * (1-Tc(0.17)))
Discount Rate = 10.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -13.48 | Cagr: -0.05%
[DCF] Terminal Value 72.05% ; FCFF base≈219.9m ; Y1≈252.1m ; Y5≈371.1m
[DCF] Fair Price = 135.7 (EV 4.17b - Net Debt 107.3m = Equity 4.07b / Shares 30.0m; r=10.26% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 67.58 | EPS CAGR: 48.63% | SUE: 0.0 | # QB: 0
Revenue Correlation: 95.81 | Revenue CAGR: 14.96% | SUE: 0.00 | # QB: 0
EPS current Year (2026-12-31): EPS=10.18 | Chg30d=-0.15% | Revisions=+50% | GrowthEPS=+42.5% | GrowthRev=+19.5%
EPS next Year (2027-12-31): EPS=14.22 | Chg30d=+0.58% | Revisions=+50% | GrowthEPS=+39.8% | GrowthRev=+26.7%
[Analyst] Revisions Ratio: +50%