VACN Stock Analysis: VAT | SW
Specialty Industrial Machinery | SW, Switzerland | Market Cap: 20.701m CHF | 12M Return: 89.3% | CH0311864901 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 41.7M
Warnings
Tailwinds
Seasonality 10.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
VAT Group AG, headquartered in Solothurn, Switzerland and founded in 1965, operates as a large-cap industrial machinery company specializing in vacuum and gas-handling components. The company is organized into two business segments: Valves, which supplies vacuum valves and modules to the semiconductor, display, photovoltaic, and vacuum coating industries as well as industrial and research customers, and Global Service, which delivers spare parts, repairs, upgrades, and support. Its product portfolio spans vacuum isolation, gate, angle, inline, check, pendulum, butterfly, transfer, pressure-relief, gas-dosing, and fast-closing valves, alongside bellows, flanges, and integrated multi-valve modules. VAT Group serves customers globally, with operations spanning Switzerland, the rest of Europe, the United States, Japan, Korea, Singapore, China, the rest of Asia, and other international markets.
The companys revenue is heavily tied to the semiconductor equipment supply chain, as vacuum valves are critical subcomponents in wafer fabrication tools such as deposition, etch, and implant systems used by major chipmakers. The growing share of vacuum-coating applications in advanced display and solar cell production provides an additional end-market driver, while the Global Service segment generates recurring aftermarket income from installed-base maintenance and upgrades.
- Semiconductor wafer fab equipment spending drives valve orders
- Global Service segment delivers high-margin recurring revenue
- China semiconductor capex exposure remains key growth swing factor
| Net Income: 207.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA 1.09 > 1.0 |
| NWC/Revenue: 32.67% < 20% (prev 18.29%; Δ 14.38% < -1%) |
| CFO/TA 0.19 > 3% & CFO 266.1m > Net Income 207.5m |
| Net Debt (281.6m) to EBITDA (300.8m): 0.94 < 3 |
| Current Ratio: 2.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (29.9m) vs 12m ago -0.31% < -2% |
| Gross Margin: 18.57% > 18% (prev 52.15%; Δ -33.58% > 0.5%) |
| Asset Turnover: 75.30% > 50% (prev 77.39%; Δ -2.09% > 0%) |
| Interest Coverage Ratio: 22.03 > 6 (EBIT TTM 248.9m / Interest Expense TTM 11.3m) |
| A: 0.24 (Total Current Assets 579.4m - Total Current Liabilities 243.7m) / Total Assets 1.37b |
| B: 0.52 (Retained Earnings 713.7m / Total Assets 1.37b) |
| C: 0.18 (EBIT TTM 248.9m / Avg Total Assets 1.36b) |
| D: 1.00 (Book Value of Equity 685.0m / Total Liabilities 686.5m) |
| Altman-Z'' = 5.58 = AAA |
| DSRI: 1.08 (Receivables 178.0m/168.3m, Revenue 1.03b/1.05b) |
| GMI: 2.81 (GM 52.15% / 18.57%) |
| AQI: 0.98 (AQ_t 0.33 / AQ_t-1 0.34) |
| SGI: 0.98 (Revenue 1.03b / 1.05b) |
| TATA: -0.04 (NI 207.5m - CFO 266.1m) / TA 1.37b) |
| Beneish M = -1.35 (Cap -4..+1) = D |
As of October 09, 2026, the stock is trading at CHF 674.00 with a total of 45,109 shares traded. Over the past week, the price has changed by -0.94%, over one month by +6.95%, over three months by +3.63% and over the past year by +89.30%.
Current recommended Stop Loss: 649.50 (which is 3.6% or 1.2 ATR below the current price).
VAT has no consensus analysts rating.
P/E Trailing = 100.5531
P/E Forward = 39.3701
P/S = 20.1482
P/B = 28.9625
P/EG = 1.2344
Revenue TTM = 1.03b CHF
EBIT TTM = 248.9m CHF
EBITDA TTM = 300.8m CHF
Long Term Debt = 44.7m CHF (from longTermDebt, last fiscal year)
Short Term Debt = 3.85m CHF (from shortTermDebt, last quarter)
Debt = 396.9m CHF (from shortLongTermDebtTotal, last quarter)
Net Debt = 281.6m CHF (calculated: Debt 396.9m - CCE 115.3m)
Enterprise Value = 21.0b CHF (20.7b + Debt 396.9m - CCE 115.3m)
Interest Coverage Ratio = 22.03 (Ebit TTM 248.9m / Interest Expense TTM 11.3m)
EV/FCF = 89.72x (Enterprise Value 21.0b / FCF TTM 233.9m)
FCF Yield = 1.11% (FCF TTM 233.9m / Enterprise Value 21.0b)
FCF Margin = 22.76% (FCF TTM 233.9m / Revenue TTM 1.03b)
Net Margin = 20.20% (Net Income TTM 207.5m / Revenue TTM 1.03b)
Gross Margin = 18.57% ((Revenue TTM 1.03b - Cost of Revenue TTM 836.7m) / Revenue TTM)
Gross Margin QoQ = 34.24% (prev 3.00%)
Tobins Q-Ratio = 15.30 (Enterprise Value 21.0b / Total Assets 1.37b)
Interest Expense / Debt = 2.85% (Interest Expense 11.3m / Debt 396.9m)
Taxrate = 15.98% (39.5m / 247.0m)
NOPAT = 209.1m (EBIT 248.9m * (1 - 15.98%))
Current Ratio = 2.38 (Total Current Assets 579.4m / Total Current Liabilities 243.7m)
Debt / Equity = 0.58 (Debt 396.9m / totalStockholderEquity, last quarter 685.0m)
Debt / EBITDA = 0.94 (Net Debt 281.6m / EBITDA 300.8m)
Debt / FCF = 1.20 (Net Debt 281.6m / FCF TTM 233.9m)
Total Stockholder Equity = 731.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.21% (Net Income 207.5m / Total Assets 1.37b)
RoE = 28.37% (Net Income TTM 207.5m / Total Stockholder Equity 731.6m)
RoCE = 32.07% (EBIT 248.9m / Capital Employed (Equity 731.6m + L.T.Debt 44.7m))
RoIC = 19.36% (NOPAT 209.1m / Invested Capital 1.08b)
WACC = 10.94% (E(20.7b)/V(21.1b) * Re(11.10%) + D(396.9m)/V(21.1b) * Rd(2.85%) * (1-Tc(0.16)))
Discount Rate = 11.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -69.04 | Cagr: -0.11%
[DCF] Terminal Value 68.15% ; FCFF base≈227.0m ; Y1≈242.9m ; Y5≈292.1m
[DCF] Fair Price = 94.02 (EV 3.10b - Net Debt 281.6m = Equity 2.82b / Shares 30.0m; r=10.94% [WACC]; 5y FCF grow 7.91% → 2.50% )
EPS Correlation: 67.58 | EPS CAGR: 48.63% | SUE: 0.0 | # QB: 0
Revenue Correlation: 88.30 | Revenue CAGR: 8.61% | SUE: 1.85 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=10.58 | Chg30d=+0.30% | Revisions=+39% | GrowthEPS=+48.2% | GrowthRev=+23.6%
EPS next Year (2027-12-31): EPS=16.93 | Chg30d=+1.59% | Revisions=+17% | GrowthEPS=+60.0% | GrowthRev=+41.3%
[Analyst] Revisions Ratio: +38% (up=13, down=5)