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SIG Combibloc Group AG (SIGN) Fair Value & Analysis

Consumer Cyclical · CH · Market cap CHF 5.3B · ISIN CH0435377954

What is SIG Combibloc Group AG really worth?

SC SIG Combibloc Group AG SIGN · SW
PriceCHF 13.62
Fair ValueCHF 8.32
Upside−38.9%
Quality41/100

Below-average quality, and trading another 64% above our fair value of CHF 8.32.

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Strengths

Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +12.5 %/yr)
!Loss-making · -2.7% net margin
!Trails peers (3/13)
!Narrow moat 29/100
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range CHF 4.66 – CHF 12.52

Fair value as of: Aug 25, 2026

From 15 valuation models · updated 11 days ago

Share price −12.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (CHF 12.52). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (CHF 4.66 to CHF 12.52). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (5 years)

CHF 25.69 CHF 7.83 Fair Value CHF 8.32 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.

How to read this chart

60‑month range CHF 7.83 – CHF 25.69 · fair‑value band CHF 4.66 – CHF 12.52 · the CHF 13.62 price screens above the CHF 8.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 25, 2026.

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Analysis

SIG Combibloc Group AG (SIGN) currently trades at CHF 13.62, while our model-based Fair Value estimate is CHF 8.32, implying the stock looks roughly 63.7% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of CHF 10.98 per share, and 2 of the 15 models we run sit above the CHF 13.62 price. Bear case: the Asset-Based group reads lowest at CHF 4.66, and 13 of the 15 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, SIG Combibloc Group AG generated revenue of CHF 3.2B at a net margin of −2.7%. Revenue declined 4.8% year over year. It earns a return on equity of −3.0%. Net debt stands at CHF 2.1B. Fundamentals as of Aug 25, 2026

Our scenario range runs from CHF 4.66 (bear case) to CHF 12.52 (bull case); at CHF 13.62, the current price sits above 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 19% below its 52-week high and 77% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −35% fair-value upside, at −39%, SIGN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF CHF 2.17 CHF 5.65 CHF 10.75 75
EPV CHF 4.56 CHF 5.98 CHF 7.22 74
Growth DCF CHF 2.26 CHF 5.32 CHF 9.53 74
All 15 models by family
DCF Models
FCF DCF CHF 2.17 CHF 5.65 CHF 10.75 75
5Y Revenue Exit CHF 3.38 CHF 8.42 CHF 14.87 69
5Y EBITDA Exit CHF 6.44 CHF 14.13 CHF 23.15 72
10Y Revenue Exit CHF 2.60 CHF 7.02 CHF 12.98 63
10Y EBITDA Exit CHF 4.76 CHF 10.89 CHF 19.15 65
Earnings-Based
EPV CHF 4.56 CHF 5.98 CHF 7.22 74
Dividend Discount
Gordon GGM CHF 4.69 CHF 9.34 CHF 14.15 67
DDM Multi-Stage CHF 4.69 CHF 7.62 CHF 9.86 66
Multiples
EV/EBIT CHF 7.12 CHF 10.98 CHF 14.85 65
EV/EBITDA CHF 10.53 CHF 15.54 CHF 20.54 66
EV/Revenue CHF 4.50 CHF 8.35 CHF 12.21 52
Asset-Based
NCAV (Graham) CHF 3.47 CHF 4.66 CHF 6.95 54
Growth DCF
Growth DCF CHF 2.26 CHF 5.32 CHF 9.53 74
Rev-Margin DCF CHF 3.38 CHF 8.39 CHF 14.13 69
Economic Profit
ROIC Compounder CHF 4.56 CHF 5.98 CHF 7.50 72

Widest divergence: Multiples (CHF 10.98) versus Asset-Based (CHF 4.66). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/S ratio 1.64 TTM
EPS (TTM) CHF −0.2100
Dividend yield 4.4%
Net margin −2.7% FY2025
Return on equity −3.0% TTM
Return on assets (EBIT) 4.8% avg 5y
More key figures
Profitability
Operating margin 10.3% TTM
Growth
Revenue (TTM) CHF 3.2B TTM
Revenue growth (YoY) −4.8% 3y avg +5.6%
EPS growth (YoY) +8.2%
Balance sheet & cash flow
Free cash flow CHF 235M FY2025
Net debt CHF 2.1B FY2025 · ≈ 9.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 39 · Market factors (momentum, volatility) 57

Profitability 14
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 49
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

SIG Group AG provides aseptic carton packaging systems and solutions for beverage and food products primarily in Europe, India, the Middle East, Africa, the Asia Pacific, and the Americas.

Full company description

SIG Group AG provides aseptic carton packaging systems and solutions for beverage and food products primarily in Europe, India, the Middle East, Africa, the Asia Pacific, and the Americas. The company provides carton, bag-in-box, and spouted pouch packaging solutions; filling lines and other related equipment, packaging material, and after-sales services; carton sleeves, closures, and barrier film and fitments; and commodity hedging products. It operates in China, the United States, Germany, India, Brazil, the Netherlands, Australia, Austria, Mexico, Russia, Saudi Arabia, South Korea, Switzerland, Taiwan, Thailand, Spain, and the United Arab Emirates. The company was formerly known as SIG Combibloc Group AG and changed its name to SIG Group AG in April 2022. SIG Group AG was founded in 1853 and is headquartered in Neuhausen am Rheinfall, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SIG Combibloc Group AG reported revenue of €3.3B in FY2025 versus €2.1B in FY2021, a compound +12.2%/yr. Reported net income was −€87.6M in FY2025.

Growth Quality 45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 3.3B
Latest YoY
−1.8%
Avg. revenue 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.
+5.6%
Avg. revenue 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.
+12.5%
Avg. revenue 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.
+4.5%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +12.2%/yr
FY21 €2.1B
FY22 €2.8B
FY23 €3.2B
FY24 €3.3B
FY25 €3.3B
Net income
FY21 €172M
FY22 €37.8M
FY23 €243M
FY24 €195M
FY25 −€87.6M

SIGN screens 64% overvalued. Compare with Smurfit Westrock Plc, →

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Cite: Fair Value Calculator (2026). "SIG Combibloc Group AG Fair Value". https://www.fairvalue-calculator.com/stock/SIGN

Peer Group

Packaging & Containers · 270 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 41 · Bottom 25%
Fair Value upside −39% · Below median
Return on assets 3% · Above median
Net margin (TTM) −3% · Bottom 25%
Operating margin (TTM) 10% · Top 25%
Revenue growth −5% · Below median
Dividend yield (TTM) 4.4% · Top 25%
Debt / equity 0.78× · Higher than 75% of peers

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/B 2.48× · Pricier than 75% of peers
P/S (TTM) 2.03× · Pricier than 75% of peers
P/FCF 27.9× · Pricier than 75% of peers
EV/EBITDA 12.8× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 13
FUTURE0 · sector 2
PAST0 · sector 21
HEALTH61 · sector 93
DIVIDEND88 · sector 44

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

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).

Stock Price Fair Value vs Fair Value
Smurfit Westrock Plc, SW $49.25 $22.66 −54%
Packaging Corporation PKG $233.94 $122.63 −48%
International Paper Company IP $36.46 $21.44 −41%
Amcor plc AMCR $46.52 $18.79 −60%
Ball Corporation BALL $61.67 $36.57 −41%
Crown Holdings CCK $119.08 $118.59 +0%
Avery Dennison Corporation AVY $173.07 $113.05 −35%
CCL Industries Inc CCLA C$93.99 C$77.64 −17%
Stora Enso Oyj STEAV €9.74 €11.42 +17%
Sonoco Products Company SON $56.47 $54.67 −3%

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Frequently asked questions

Is SIG Combibloc Group AG (SIGN) overvalued or undervalued?
As of Aug 25, 2026, our model estimates a fair value of CHF 8.32 versus a price of CHF 13.62, about −39% upside (overvalued).
What is the fair value of SIGN?
Our model-based fair value for SIG Combibloc Group AG is CHF 8.32 (as of Aug 25, 2026), built from audited fundamentals. The current price: CHF 13.62.
What is the quality score of SIGN?
SIG Combibloc Group AG has a Quality Score of 41/100. 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 SIG Combibloc Group AG (SIGN)?
SIG Combibloc Group AG reported trailing-twelve-month revenue of about CHF 3.2B (latest available figure, as of Aug 25, 2026).
What is the net profit margin of SIGN?
The net profit margin of SIG Combibloc Group AG is about −2.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does SIG Combibloc Group AG pay a dividend?
SIG Combibloc Group AG currently shows a dividend yield of about 4.42% relative to its recent price (as of Aug 25, 2026).
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