Bucher Industries AG (BUCN) AI Stock Analysis

• Market Cap: CHF3.45B
• Dividend Yield: 2.99%
• Average Volume (3M): 10.97K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.87
• Revenue Growth: -11.64%
• EPS Growth: -24.17%
• Country: CH
• Employees: 12,830
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 11.25
• Shares Outstanding: 10,250,000
• 10 Day Avg. Volume: 10,846
• 30 Day Avg. Volume: 10,973
• PEG Ratio: 3.25
• Price to Book (P/B): 2.08
• Price to Sales (P/S): 1.28
• P/FCF Ratio: 12.00
• 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: CHF398.00
• Price Target Upside: 17.93% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 19.37
• Revenue Forecast (FY): CHF2.94B

• Rating: 73 Outperform
• Price Target: CHF413.00 ▲(22.37% Upside)
• Action: Upgraded Date: 03/07/26
• Date: Action: Upgraded 03/07/26

The score is driven primarily by strong financial quality (notably the very strong balance sheet and solid cash generation). This is moderated by cautious 2026 guidance—especially much lower expected operating free cash flow—and a mixed technical picture with limited momentum. Valuation is reasonable with a mid-teens P/E and ~3% yield, providing some support.

Positive Factors

Very strong balance sheet

Extremely low leverage and a large net cash buffer provide durable financial flexibility. This supports steady dividends, completed buybacks, selective M&A and resilience through industry cycles, reducing refinancing risk and enabling investment in capex and R&D over the next several quarters.

Robust cash generation

Record operating free cash flow and improving free cash flow convert earnings into liquidity reliably. That consistent cash generation funds capex, R&D and shareholder returns while cushioning cyclical revenue swings, preserving strategic optionality across 2–6 months and beyond.

Diversified market leadership & innovation

Market-leading positions in glass forming and product wins across divisions, plus active development of electric/autonomous municipal equipment, reflect durable competitive advantages. Combined with sustained R&D spend, this diversification supports stable revenue sources and long-term product relevance.

Negative Factors

Sharp 2026 cash-flow guidance cut

Management's large guided drop in operating free cash flow meaningfully reduces near-term internal funding capacity. Lower free cash flow constrains the firm's ability to finance buybacks, aggressive M&A or higher dividends and increases sensitivity to working-capital swings and cyclical downturns.

Material weakness at Emhart Glass

Emhart is a key, high-margin business; its sharp order and sales declines signal cyclical demand and structural headwinds (energy costs, lower glass consumption). Prolonged weakness there would depress group profitability and raise earnings volatility over coming quarters.

Volatile revenue and inconsistent margins

Choppy top-line performance and swinging margins show end-market sensitivity and uneven operational leverage. Persistent volatility complicates planning, may depress ROIC durability, and increases dependency on cyclical recoveries to sustain margins and long-term earnings quality.

Bucher Industries AG Business Overview & Revenue Model

Company Description

Bucher Industries AG develops, manufactures, and sells machinery, vehicles, hydraulic components, and manufacturing equipment for use in harvesting, food producing and packaging, and roads and public spaces cleaning in Asia, the Americas, Europe, and internationally. The company operates through five divisions: Kuhn Group, Bucher Municipal, Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials. The Kuhn Group division manufactures and sells specialized agricultural machinery for tillage, planting and seeding, nutrient management and crop protection, hay and forage harvesting, and livestock bedding and feeding, as well as landscape maintenance. The Bucher Municipal division provides municipal vehicles, such as sweepers and sewer cleaning, winter maintenance, and refuse collection vehicles and equipment, as well as digital services. The Bucher Hydraulics division offers electronic and hydraulic components, such as pumps, motors, valves, cylinders, power units, power electronics, and system and manifold block solutions. The Bucher Emhart Glass division supplies manufacturing and inspection technologies for the glass container industry, as well as advice and support services. The Bucher Specials division offers equipment for wine, fruit juice, beer and instant products; and distributes tractors and specialized agricultural machineries, as well as provides automation solutions. The company is based in Niederweningen, Switzerland.

How the Company Makes Money

Bucher Industries generates revenue through multiple key streams, primarily by selling specialized machinery and equipment across its various divisions. The agricultural division, which includes products like tractors and harvesting equipment, is a significant contributor to the company’s earnings, driven by global demand for advanced farming solutions. The food processing division also plays a crucial role, offering equipment that meets the stringent requirements of food safety and efficiency. Additionally, the municipal services division, which provides waste management and recycling solutions, capitalizes on growing environmental concerns and regulatory requirements. The company benefits from long-term partnerships with distributors and local governments, which enhance its market reach and stability. Furthermore, Bucher Industries invests in research and development to continuously innovate and adapt its offerings, ensuring sustained growth and profitability in a competitive landscape.

Bucher Industries AG Financial Statement Overview

Summary

Strong overall fundamentals led by an exceptionally conservative balance sheet (very low leverage, net cash) and solid profitability. Cash generation has been strong with improving free cash flow, but results show choppy growth and margin consistency across years, which tempers the score.

Income Statement

Profitability is solid for an industrial machinery business, with net margins generally in the mid-to-high single digits (TTM (Trailing-Twelve-Months) ~8.1%; 2023 ~9.8%) and healthy operating profitability. Revenue growth has been volatile, including declines in 2023–2024, followed by a strong rebound in 2025 (+32.4%). A key watch item is margin inconsistency—gross margin swings materially across years (notably very high in 2024 vs. other periods), which creates uncertainty around the underlying earnings quality and comparability.

Balance Sheet

The balance sheet is a major strength: leverage is extremely low, with debt-to-equity near zero in 2024–2025 (2025 ~0.01) and meaningfully reduced versus 2020–2023. Equity base is large and stable, and returns on equity remain healthy (roughly low-teens in 2024–2025, near ~20% in 2022–2023). The main weakness is that returns have cooled from the 2022–2023 peak, suggesting profitability normalization even as financial risk stays minimal.

Cash Flow

Cash generation is strong, with operating cash flow improving and free cash flow rising in 2024–2025 (2025 free cash flow ~311m; +16.0% growth). Cash conversion is generally good—free cash flow covers a meaningful portion of earnings (2025 ~0.76; 2021–2022 ~0.41–0.79). The weakness is variability in cash-flow-to-earnings support across the period, including a relatively low operating cash flow coverage level versus earnings in earlier years, indicating periodic working-capital or timing headwinds.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.91B	3.16B	3.57B	3.60B	3.18B
Gross Profit	557.10M	1.57B	828.80M	819.30M	681.30M
EBITDA	295.70M	385.50M	522.80M	503.50M	437.70M
Net Income	235.00M	226.80M	352.10M	331.20M	265.50M
Balance Sheet
Total Assets	2.72B	2.79B	2.96B	2.98B	2.77B
Cash, Cash Equivalents and Short-Term Investments	521.50M	432.70M	529.30M	579.30M	705.60M
Total Debt	23.30M	30.60M	133.70M	122.10M	154.70M
Total Liabilities	919.40M	902.70M	1.14B	1.28B	1.24B
Stockholders Equity	1.79B	1.88B	1.80B	1.68B	1.51B
Cash Flow
Free Cash Flow	310.90M	192.30M	108.80M	67.20M	269.20M
Operating Cash Flow	407.30M	344.50M	250.40M	164.20M	342.70M
Investing Cash Flow	-76.30M	-199.60M	-139.10M	-146.60M	-115.10M
Financing Cash Flow	-241.90M	-252.10M	-136.10M	-132.80M	-61.20M

Bucher Industries AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 337.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:BUCN, the sentiment is Negative. The current price of 337.5 is below the 20-day moving average (MA) of 366.32, below the 50-day MA of 366.53, and below the 200-day MA of 375.92, indicating a bearish trend. The MACD of -7.76 indicates Positive momentum. The RSI at 25.69 is Positive, neither overbought nor oversold. The STOCH value of 7.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:BUCN.

Bucher Industries AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BUCN	73 Outperform	CHF3.45B	15.87	―	2.99%	-11.64%	-24.17%
KARN	73 Outperform	CHF1.96B	54.72	―	2.17%	11.43%	6.46%
SUN	65 Neutral	$5.33B	16.99	24.15%	2.90%	5.79%	13.20%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
INRN	62 Neutral	CHF1.23B	33.61	―	1.46%	-3.67%	-12.95%
GF	49 Neutral	CHF3.30B	42.66	―	2.53%	-24.42%	32.48%
KOMN	44 Neutral	CHF239.96M	-36.22	―	―	-13.64%	-281.19%

Bucher Industries AG Corporate Events

Bucher Industries Delivers Strong Cash Flow and Solid Margins Despite Lower 2025 Sales

Bucher Industries navigated a challenging economic and political backdrop in 2025 with stabilising demand, particularly in Europe, and higher order intake led by Kuhn Group and Bucher Hydraulics, even as group sales fell 7.6% due to a low starting order backlog. Profitability held up, with the operating margin improving to 9.7% aided by a CHF 43 million property sale, group profit edging up to CHF 235 million, and a solid balance sheet underpinned by strong free cash flow of CHF 365 million and net cash of CHF 498 million, supporting continued investment and a proposed dividend alongside an ongoing share buyback and a planned change in the chair of the board.

Division performance was mixed, as Kuhn Group saw a 16% surge in order intake on recovering farmer demand but a 9% drop in sales and a lower margin due to weaker U.S. volumes, higher tariffs and capacity underutilisation, while Bucher Municipal maintained sales at prior-year levels and lifted its operating margin to 9.4% on stable markets and strong demand for compact sweepers and sewer cleaning vehicles. The group’s robust cash generation, high equity ratio and improved returns on operating assets strengthen its financial flexibility and position it to pursue growth, even as selective segments such as glass forming machines remain under pressure and order backlogs moderate in some business lines.

The most recent analyst rating on (CH:BUCN) stock is a Buy with a CHF400.00 price target. To see the full list of analyst forecasts on Bucher Industries AG stock, see the CH:BUCN Stock Forecast page.

Bucher Industries Grows Orders but Sees 2025 Sales Decline Amid Uneven Market Recovery

Bucher Industries reported a 4.6% increase in group order intake to CHF 2.88 billion in 2025 as market conditions stabilised, particularly in Europe, despite continued economic policy and trade-tariff uncertainties; however, net sales fell 7.6% to CHF 2.91 billion, reflecting a low starting order book and weaker demand in certain segments, notably glass-forming machinery. The company expanded cost-saving measures and reduced headcount, especially in the US, while benefiting from a CHF 43 million gain on the sale of a non-operational property and targeting an underlying operating margin of around 8% for 2025 and 2026; divisions showed mixed performance, with Kuhn Group and Bucher Hydraulics driving order growth, Bucher Municipal holding sales at high levels with margin improvement, Emhart Glass facing significantly lower orders and profitability, and a share buyback programme progressing toward its 4% capital target, underscoring management’s focus on cash generation and shareholder returns amid a subdued but improving demand environment.

The most recent analyst rating on (CH:BUCN) stock is a Hold with a CHF380.00 price target. To see the full list of analyst forecasts on Bucher Industries AG stock, see the CH:BUCN Stock Forecast page.