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Straumann Holding AG (STMN) Fair Value & Analysis

Healthcare · CH · Market cap CHF 16.7B · ISIN CH1175448666

What is Straumann Holding AG really worth?

SH Straumann Holding AG STMN · SW
PriceCHF 93.94
Fair ValueCHF 47.31
Upside−49.6%
Quality66/100

A solid business, but trading 99% above our fair value of CHF 47.31.

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Strengths

Healthy Growth (revenue 5y +12.8 %/yr)
Solidly profitable · 13.7% net margin
Low debt · generates free cash flow
Wide moat 69/100

Risks

!Trails peers (5/15)
!Weak on future: 11 out of 100
!Weak on dividend: 21 out of 100

For context

·1.06% dividend yield
Evidence: High Range CHF 28.62 – CHF 61.74

Fair value as of: Sep 2, 2026

From 26 valuation models · updated 2 days ago

Share price −10.5% 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 61.74). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (CHF 28.62 to CHF 61.74) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

CHF 199.75 CHF 74.97 Fair Value CHF 47.31 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.

How to read this chart

60‑month range CHF 74.97 – CHF 199.75 · fair‑value band CHF 28.62 – CHF 61.74 · the CHF 93.94 price screens above the CHF 47.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 2, 2026.

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Analysis

Straumann Holding AG (STMN) currently trades at CHF 93.94, while our model-based Fair Value estimate is CHF 47.31, implying the stock looks roughly 98.6% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of CHF 47.39 per share, and 0 of the 26 models we run sit above the CHF 93.94 price. Bear case: the Asset-Based group reads lowest at CHF 9.08, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Straumann Holding AG generated revenue of CHF 2.6B at a net margin of 13.7%. Revenue grew 2.2% year over year. It earns a return on equity of 17.0%. Net debt stands at CHF 175M. Fundamentals as of Sep 2, 2026

Our scenario range runs from CHF 28.62 (bear case) to CHF 61.74 (bull case); at CHF 93.94, 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 15% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −45% fair-value upside, at −50%, STMN screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly CHF 0.8357 per share, which is 1.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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 25.71 CHF 40.81 CHF 64.70 79
Growth DCF CHF 25.97 CHF 39.03 CHF 58.23 78
Owner Earnings CHF 26.50 CHF 42.09 CHF 66.76 75
All 26 models by family
DCF Models
FCF DCF CHF 25.71 CHF 40.81 CHF 64.70 79
Owner Earnings CHF 26.50 CHF 42.09 CHF 66.76 75
5Y Revenue Exit CHF 29.58 CHF 49.03 CHF 74.42 72
5Y EBITDA Exit CHF 37.27 CHF 63.82 CHF 95.57 74
5Y P/E Exit CHF 31.64 CHF 52.98 CHF 75.97 70
10Y Revenue Exit CHF 26.99 CHF 44.60 CHF 69.38 66
10Y EBITDA Exit CHF 32.93 CHF 55.02 CHF 85.93 67
10Y P/E Exit CHF 29.30 CHF 47.39 CHF 70.59 63
Earnings-Based
Graham-Dodd CHF 15.27 CHF 53.79 CHF 72.36 64
Lynch FV CHF 12.57 CHF 17.96 CHF 23.35 61
PEG = 1.0 CHF 12.57 CHF 17.96 CHF 23.35 57
EPV CHF 28.41 CHF 32.91 CHF 36.85 74
Dividend Discount
Gordon GGM CHF 8.71 CHF 18.12 CHF 28.75 66
DDM Multi-Stage CHF 8.71 CHF 15.28 CHF 19.02 66
Multiples
P/E Multiple CHF 37.05 CHF 49.39 CHF 61.74 63
P/S Multiple CHF 28.63 CHF 38.17 CHF 47.71 58
P/B Multiple CHF 28.63 CHF 38.17 CHF 47.71 55
EV/EBIT CHF 45.31 CHF 59.95 CHF 74.58 66
EV/EBITDA CHF 47.98 CHF 63.50 CHF 79.02 67
EV/Revenue CHF 32.75 CHF 46.18 CHF 59.60 54
Asset-Based
NCAV (Graham) CHF 6.77 CHF 9.08 CHF 13.55 54
Growth DCF
Growth DCF CHF 25.97 CHF 39.03 CHF 58.23 78
Rev-Margin DCF CHF 29.58 CHF 48.75 CHF 71.50 72
Economic Profit
Residual Income CHF 14.72 CHF 18.93 CHF 51.54 67
ROIC Compounder CHF 30.75 CHF 38.88 CHF 48.45 72
Growth Earnings
Growth-Adj P/E CHF 31.85 CHF 45.50 CHF 59.15 67

Widest divergence: DCF Models (CHF 47.39) versus Asset-Based (CHF 9.08). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 42.1
P/S ratio 5.79 P/E × margin
EPS (TTM) CHF 2.23 price ÷ EPS = P/E 42.1
Dividend yield 1.1% payout 44.8%
Net margin 13.7% FY2025
Return on equity 17.0% TTM
More key figures
Profitability
Return on assets (EBIT) 15.4% avg 5y
Operating margin 23.8% TTM
Growth
Revenue (TTM) CHF 2.6B TTM
Revenue growth (YoY) +2.2% 3y avg +3.9%
EPS growth (YoY) −25.3%
Balance sheet & cash flow
Free cash flow CHF 330M FY2025
Net debt CHF 175M FY2025 · ≈ 0.5 yrs of FCF

Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 66 · Market factors (momentum, volatility) 48

Profitability 63
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 81
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

Straumann Holding AG provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally. It operates through Sales Europe, Middle East and Africa; Sales North America; Sales Asia Pacific; Sales Latin America; and Operations segments.

Full company description

Straumann Holding AG provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally. It operates through Sales Europe, Middle East and Africa; Sales North America; Sales Asia Pacific; Sales Latin America; and Operations segments. The company offers dental implants, instruments, CADCAM prosthetics, orthodontic and clear aligners, biomaterials, and digital equipment and solutions for use in tooth correction, replacement, and restoration, as well as to prevent tooth loss. It also provides implant systems, components, and related instruments, as well as healing components, materials and surfaces, surgical sets and instruments, and guided surgery and navigation products; prosthetics, including angled solutions, connections, components, and molar solutions; intra-oral and lab scanners, milling machines, dynamic navigation systems, and 3D printers; consumables, such as blocks, discs, resins, titanium bases, and abutment blanks, as well as scan bodies, analogs, and sleeves; online education; and dentists and dental labs solutions. In addition, the company offers regenerative solutions for tooth preservation, implant-site management, and implant preservation; scanner hardware, software licenses, sterile-packaged products, customer training, and other products; and logistics and supply chain services. Further, it provides thermoplastics; implant treatment referral; high-tech materials; artificial intelligence solutions for dental applications; and 3D orthodontic treatment animations. The company sells its products under the Straumann, Neodent, Medentika, Anthogyr, ClearCorrect, NUVO, and other brands through a network of distribution subsidiaries and partners, and third-party distributors, as well as through its e-shop. It serves clinicals needs, patient segments, and healthcare systems. Straumann Holding AG was founded in 1954 and is headquartered in Basel, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Straumann Holding AG reported revenue of CHF 2.6B in FY2025 versus CHF 2.0B in FY2021, a compound +6.5%/yr. Reported net income was CHF 358M in FY2025, compounding −2.5%/yr from FY2021.

Growth Quality 98/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
CHF 2.6B
Latest YoY
+4.0%
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.
+3.9%
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.
+12.8%
Avg. revenue growth/yr (23Y) 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.
+10.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+4.2% (3.1 + 1.1)
Revenue +6.5%/yr
FY21 CHF 2.0B
FY22 CHF 2.3B
FY23 CHF 2.4B
FY24 CHF 2.5B
FY25 CHF 2.6B
Net income −2.5%/yr
FY21 CHF 396M
FY22 CHF 435M
FY23 CHF 246M
FY24 CHF 388M
FY25 CHF 358M
Character of growth · EPS growth decomposed (2014-2025) +8.8 % p.a.
Revenue per share +13.2 %

of which total revenue +13.4 % · buybacks/dilution −0.1 %

EBIT margin −1.2 %
Tax rate −2.4 %
Residual (interest, one-offs) −0.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

STMN screens 99% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Straumann Holding AG Fair Value". https://www.fairvalue-calculator.com/stock/STMN

Peer Group

Medical Instruments & Supplies · 194 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 66 · Above median
Fair Value upside −50% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 14% · Above median
Operating margin (TTM) 24% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 42.1× · Pricier than median
P/B 9.53× · Pricier than 75% of peers
P/S (TTM) 7.90× · Pricier than 75% of peers
P/FCF 62.4× · Pricier than 75% of peers
EV/EBITDA 27.1× · Pricier than 75% of peers
PEG 1.57× · Pricier than median

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 0
FUTURE11 · sector 29
PAST68 · sector 26
HEALTH94 · sector 96
DIVIDEND21 · sector 30

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $367.07 $150.04 −59%
EssilorLuxottica Société anonyme EL €160.35 €94.93 −41%
Medline Inc MDLN $36.59 $30.15 −18%
Becton, Dickinson and Company BDX $187.12 $100.46 −46%
Alcon Inc ALC $72.23 $39.78 −45%
ResMed Inc RMD A$33.19 A$26.23 −21%
West Pharmaceutical Services, Inc WST $337.47 $141.58 −58%
Sartorius Stedim Biotech S.A DIM €197.70 €48.88 −75%
Sartorius Aktiengesellschaft SRT3 €253.50 €63.30 −75%
Coloplast A/S COLOB kr 435.80 kr 382.22 −12%

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Frequently asked questions

Is Straumann Holding AG (STMN) overvalued or undervalued?
As of Sep 2, 2026, our model estimates a fair value of CHF 47.31 versus a price of CHF 93.94, about −50% upside (overvalued).
What is the fair value of STMN?
Our model-based fair value for Straumann Holding AG is CHF 47.31 (as of Sep 2, 2026), built from audited fundamentals. The current price: CHF 93.94.
What is the quality score of STMN?
Straumann Holding AG has a Quality Score of 66/100. 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 Straumann Holding AG (STMN)?
Straumann Holding AG reported trailing-twelve-month revenue of about CHF 2.6B (latest available figure, as of Sep 2, 2026).
What is the net profit margin of STMN?
The net profit margin of Straumann Holding AG is about 13.7%, meaning it keeps roughly 13.7% of revenue as net income. Based on the latest reported figures.
Does Straumann Holding AG pay a dividend?
Straumann Holding AG currently shows a dividend yield of about 1.06% relative to its recent price (as of Sep 2, 2026).
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