VAT Group AG (VACN) Fair Value & Analysis
Industrials · CH · Market cap CHF 20.0B · ISIN CH0311864901
What is VAT Group AG really worth?
A strong business, but trading 363% above our fair value of CHF 132.45.
Strengths
Risks
For context
Fair value as of: Sep 2, 2026
From 26 valuation models · updated 2 days ago
Share price −2.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (CHF 166.45). The favourable scenario is already priced in.
- A fairly wide model range (CHF 90.90 to CHF 166.45) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 186.17 – CHF 709.40 · fair‑value band CHF 90.90 – CHF 166.45 · the CHF 612.60 price screens above the CHF 132.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 2, 2026.
Analysis
VAT Group AG (VACN) currently trades at CHF 612.60, while our model-based Fair Value estimate is CHF 132.45, implying the stock looks roughly 362.5% overvalued today. The Quality Score stands at 80/100 (high quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of CHF 159.76 per share, and 0 of the 26 models we run sit above the CHF 612.60 price. Bear case: the Asset-Based group reads lowest at CHF 17.73, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, VAT Group AG generated revenue of CHF 1.1B at a net margin of 20.0%. Revenue grew 4.7% year over year. It earns a return on equity of 27.7%. Net debt stands at CHF 107M. Fundamentals as of Sep 2, 2026
Our scenario range runs from CHF 90.90 (bear case) to CHF 166.45 (bull case); at CHF 612.60, 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 3% below its 52-week high and 141% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −78%, VACN 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 0.1015 per share, which is 0.1 % 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.
All 26 models by family
Widest divergence: DCF Models (CHF 159.76) versus Asset-Based (CHF 17.73). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 77 · Market factors (momentum, volatility) 62
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
VAT Group AG, together with its subsidiaries, engages in the development, manufacture, and sale of vacuum and gas inlet valves, multi-valve modules, motion components, and edge-welded metal bellows. It operates in two segments, Valves and Global Service.
Full company description
VAT Group AG, together with its subsidiaries, engages in the development, manufacture, and sale of vacuum and gas inlet valves, multi-valve modules, motion components, and edge-welded metal bellows. It operates in two segments, Valves and Global Service. The Valves segment offers vacuum valves for the semiconductor, displays, photovoltaics, and vacuum coating industries, as well as for the industrial and research sectors. The Global Service segment provides spare parts, repairs, and upgrades, as well as support services. The company offers vacuum isolation, gate, angle, inline, check, cylinder, and all-metal valves; vacuum pendulum and butterfly valves; 3 position, multi-value, and vacuum control valves; vacuum transfer valves and doors; pressure relief/venting, gas dosing, and fast closing/beam stopper valves; and flange connections, bellows, and vacuum modules. It has operations in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. VAT Group AG was founded in 1965 and is headquartered in Solothurn, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
VAT Group AG reported revenue of CHF 1.1B in FY2025 versus CHF 901M in FY2021, a compound +4.5%/yr. Reported net income was CHF 214M in FY2025, compounding −0.4%/yr from FY2021.
of which total revenue +9.2 % · buybacks/dilution −2.4 %
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).
VACN screens 363% overvalued. Compare with GE Vernova Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- VAT Group AG (VACNY) (H1 2026) Earnings Call Highlights: Record Order Intake and Strategic Expansion
- VAT Group AG (VTX:VACN) Will Pay A CHF07.00 Dividend In Three Days
- VAT Group AG (VACNY) Full Year 2025 Earnings Call Highlights: Record Cash Flow and Robust ...
- Should You Think About Buying VAT Group AG (VTX:VACN) Now?
Peer Group
Specialty Industrial Machinery · 792 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.
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
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.
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.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $941.84 | $131.95 | −86% |
| SIE SIE | €289.85 | €139.77 | −52% |
| Eaton Corporation ETN | $402.78 | $168.65 | −58% |
| Parker-Hannifin Corporation PH | $995.02 | $398.69 | −60% |
| Atlas Copco AB ATCOA | kr 206.60 | kr 112.59 | −46% |
| Cummins Inc CMI | $564.40 | $348.94 | −38% |
| Illinois Tool Works Inc ITW | $281.67 | $145.84 | −48% |
| Emerson Electric Co EMR | $155.18 | $58.44 | −62% |
| AMETEK, Inc AME | $236.25 | $125.80 | −47% |
| Rockwell Automation, Inc ROK | $417.53 | $125.76 | −70% |
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