Arbonia AG (ARBN) AI Stock Analysis

• Market Cap: CHF291.01M
• Dividend Yield: 82.95%
• Average Volume (3M): 120.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CH
• Employees: 2,763
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): -0.31
• Shares Outstanding: 69,473,240
• 10 Day Avg. Volume: 113,069
• 30 Day Avg. Volume: 120,697
• PEG Ratio: <0.01
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 0.58
• P/FCF Ratio: -11.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF6.10
• Price Target Upside: 16.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.15
• Revenue Forecast (FY): CHF652.68M

• Rating: 42 Neutral
• Price Target: CHF4.00 ▼(-23.37% Downside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is held down primarily by deteriorating 2025 profitability and weakening cash generation (including negative free cash flow), despite a still-manageable leverage profile. Technical signals are broadly bearish with price below major moving averages and negative MACD. Valuation is difficult to support due to the negative P/E, and the very high dividend yield is less reassuring given recent losses and cash flow pressure.

Positive Factors

Manageable leverage

Consistently low debt relative to equity provides structural financial flexibility. With leverage at historically modest levels the company can better withstand cyclical downturns, access financing if needed, and support restructuring or investment without immediate solvency pressure.

Revenue rebound

A return to positive top-line growth after prior weakness indicates underlying demand resilience for core products. Durable revenue momentum supports capacity utilization, restores pricing leverage over time, and is a prerequisite for rebuilding margins and cash generation.

Focused building-components model

A concentrated product set and established distribution into professional construction channels create predictable revenue drivers. Specialization in doors and components yields operating know-how, recurring project demand, and opportunities for cross-selling accessories and system services over time.

Negative Factors

Weak cash generation

Sustained negative free cash flow across consecutive years erodes liquidity and increases funding risk. Reduced internal cash restricts capital expenditure, working-capital flexibility, and dividend sustainability, forcing reliance on external financing during cycles.

Profitability deterioration

A sharp swing to operating losses signals structural margin pressure from cost, mix, or pricing dynamics. Persistent negative operating profit undermines ability to fund operations internally and threatens long-term return prospects unless margins are restored.

Weaker asset base & returns

Declining assets and negative shareholder returns reflect erosion of the capital base, reducing the cushion for shocks and the capacity to invest. This structural weakening raises execution risk and limits strategic optionality during recovery phases.

Arbonia AG Business Overview & Revenue Model

Company Description

Arbonia AG is a Swiss-based company that operates in the construction and building materials sector, focusing on providing innovative solutions for the heating, ventilation, and air conditioning (HVAC) industries. The company is organized into several segments, including Heating Technology, Sanitary Equipment, and Windows & Doors, offering a diverse range of products such as radiators, bathroom fixtures, and energy-efficient windows. Arbonia is dedicated to sustainability and energy efficiency, catering to both residential and commercial markets across Europe.

How the Company Makes Money

Arbonia makes money primarily by manufacturing and selling building-component products, with its core revenue stream coming from interior doors and associated door systems/components supplied to the construction and renovation markets. Revenue is generated through product sales to professional customers (e.g., builders, contractors, wholesalers/distributors, and project/channel partners) as well as, in some cases, direct supply into larger building projects. Earnings are driven by unit volumes of doors and components sold, product mix (standard vs. higher-specification doors and systems), and pricing negotiated through distribution and project channels. Additional revenue can come from complementary offerings tied to door solutions (e.g., accessories, fittings, and system components) and services associated with supplying, customizing, or fulfilling project requirements where applicable. Specific details on major partnerships, customer concentration, or segment-level revenue breakdowns are null.

Arbonia AG Financial Statement Overview

Summary

Balance sheet leverage appears manageable (debt well below equity historically), but 2025 fundamentals deteriorated: a move to a large net loss with negative operating profit and meaningfully weaker cash generation, including negative free cash flow for a second year.

Income Statement

Revenue rebounded in 2025 (+6.7% annual), but profitability deteriorated sharply: the company moved from a small profit in 2024 to a large net loss in 2025, with negative operating profit and a deeply negative net margin. Margins were meaningfully stronger in 2020–2021, suggesting the current earnings profile is not yet stable and has recently weakened.

Balance Sheet

Leverage looks manageable overall, with debt sitting well below equity across the period (debt-to-equity generally ~0.15–0.40) and a solid equity base. However, returns to shareholders turned negative in 2025 alongside the net loss, and total assets/equity declined versus prior years, indicating some balance sheet weakening despite still-moderate leverage.

Cash Flow

Cash generation weakened materially in 2025, with operating cash flow close to breakeven and free cash flow solidly negative, following already-negative free cash flow in 2024. While 2023 showed strong operating cash flow and positive free cash flow (and 2020 was also healthy), the last two years point to higher cash burn and reduced cash flow reliability, which increases funding and execution risk.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	624.52M	556.31M	504.61M	555.91M	1.19B
Gross Profit	101.69M	344.92M	305.89M	328.37M	655.45M
EBITDA	47.01M	70.17M	62.22M	44.91M	123.03M
Net Income	-91.85M	8.28M	-17.21M	19.13M	27.54M
Balance Sheet
Total Assets	1.11B	1.70B	1.48B	1.52B	1.62B
Cash, Cash Equivalents and Short-Term Investments	26.84M	23.64M	17.16M	29.20M	253.87M
Total Debt	179.56M	374.49M	217.58M	213.56M	160.65M
Total Liabilities	372.13M	753.76M	561.61M	531.97M	578.95M
Stockholders Equity	734.11M	946.42M	920.97M	987.54M	1.04B
Cash Flow
Free Cash Flow	-31.09M	-33.03M	9.10M	-196.94M	-56.34M
Operating Cash Flow	1.66M	41.34M	100.99M	-25.76M	92.78M
Investing Cash Flow	603.39M	-162.69M	-98.62M	-219.79M	159.89M
Financing Cash Flow	-614.04M	129.94M	1.41M	21.46M	-57.52M

Arbonia AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:ARBN, the sentiment is Negative. The current price of 5.22 is above the 20-day moving average (MA) of 4.49, above the 50-day MA of 4.82, and above the 200-day MA of 5.20, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 37.52 is Neutral, neither overbought nor oversold. The STOCH value of 27.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:ARBN.

Arbonia AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEAN	69 Neutral	CHF8.09B	52.88	31.53%	1.22%	16.73%	14.51%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SWTQ	60 Neutral	CHF390.88M	-39.36	-2.37%	6.02%	-5.85%	-83.70%
OERL	54 Neutral	CHF1.21B	-55.43	―	6.26%	-17.75%	83.94%
BYS	48 Neutral	CHF399.14M	-19.34	-9.18%	1.50%	-21.53%	-4693.32%
METN	44 Neutral	CHF319.17M	-12.05	-3.15%	2.47%	-56.09%	-118.83%
ARBN	42 Neutral	CHF291.01M	-3.97	―	82.95%	―	―

Arbonia AG Corporate Events

Arbonia Lifts 2025 Revenue, Strengthens Balance Sheet and Taps New Chairman

Arbonia AG reported 2025 revenue up 12.3% to CHF 624.5 million, with 3.7% organic growth and a 15% rise in adjusted EBITDA to CHF 57.3 million, driven by price measures, modest volume gains, and efficiency improvements despite currency and cost headwinds. The group sharply improved free cash flow to CHF 605 million and cut net debt to CHF 149 million largely via the sale of its Climate Division, while pushing ahead with further divestments such as Russian radiator activities and Polish roof-window unit Skyfens to sharpen its doors-focused strategy.

At governance level, the board will propose former Sika executive Christoph Ganz as new chairman, succeeding Alexander von Witzleben after Arbonia’s multi-year transformation. Looking ahead, the company expects a still challenging but improving construction market, targets 3–5% revenue growth and 15–20% adjusted EBITDA growth in 2026, and reaffirms its 2029 mid-term goals, including a stronger EBITDA margin, higher free cash flow, and further deleveraging, underscoring a commitment to profitable, cash-generative growth in its core European doors business.

The most recent analyst rating on (CH:ARBN) stock is a Buy with a CHF7.00 price target. To see the full list of analyst forecasts on Arbonia AG stock, see the CH:ARBN Stock Forecast page.