COMET Holding AG (CH:COTN)
:COTN
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COMET Holding AG
(COTN)
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Rating:61Neutral
Price Target:
CHF359.00
▲(14.11% Upside)
Action:Reiterated
Date:04/15/26
The score is anchored by moderate financial performance: a solid, conservatively leveraged balance sheet is offset by weaker 2025 profitability and volatile/free-cash-flow compression. Technicals are supportive with a strong uptrend and positive MACD, but momentum looks stretched. Valuation meaningfully detracts due to the very high P/E and low dividend yield.
Positive Factors
Controlled leverage / strong balance sheet
Moderate, stable leverage and a sizable equity base (~309m) provide financial resilience through semiconductor cycles. This reduces refinancing risk, preserves capacity for R&D and targeted capex, and supports the company’s ability to weather demand troughs without forcing distressed asset sales or heavy external funding.
Negative Factors
Margin compression
Sharp margin deterioration materially reduces earnings power and the ability to fund R&D or return capital. If cost pressures or weaker pricing persist, lower operating leverage will limit long-term profitability, heighten sensitivity to revenue swings, and constrain the company’s capacity to rebuild margins in coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Controlled leverage / strong balance sheet
Moderate, stable leverage and a sizable equity base (~309m) provide financial resilience through semiconductor cycles. This reduces refinancing risk, preserves capacity for R&D and targeted capex, and supports the company’s ability to weather demand troughs without forcing distressed asset sales or heavy external funding.
Read all positive factors
COMET Holding AG (COTN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF2.65B
Dividend Yield0.68%
Average Volume (3M)37.62K
Price to Earnings (P/E)100.5
Beta (1Y)1.29
Revenue Growth2.62%
EPS Growth-65.24%
CountryCH
Employees1,810
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.57
Shares Outstanding7,773,966
10 Day Avg. Volume36,426
30 Day Avg. Volume37,619
Financial Highlights & Ratios
PEG Ratio-2.19
Price to Book (P/B)5.66
Price to Sales (P/S)3.82
P/FCF Ratio257.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF326.33Price Target Upside3.73% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)6.1
Revenue Forecast (FY)CHF541.14M
COMET Holding AG Business Overview & Revenue Model
Company Description
Comet Holding AG, together with its subsidiaries, provides X-ray and radio frequency (RF) power technology solutions in Switzerland, Germany, the rest of Europe, North America, China, Japan, the rest of Asia, and internationally. It operates throu...
How the Company Makes Money
COMET makes money mainly by designing, manufacturing, and selling high-value components and subsystems used in customers’ equipment and production lines. A core revenue stream comes from its semiconductor-focused plasma-control offering: RF power ...
COMET Holding AG Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
49
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 457.04M | 445.36M | 397.45M | 586.39M | 513.72M |
| Gross Profit | 173.68M | 193.10M | 162.93M | 261.63M | 222.80M |
| EBITDA | 39.49M | 64.42M | 41.41M | 118.45M | 102.75M |
| Net Income | 12.21M | 35.12M | 15.39M | 78.11M | 67.44M |
Balance Sheet | |||||
| Total Assets | 508.00M | 531.17M | 473.58M | 569.94M | 491.89M |
| Cash, Cash Equivalents and Short-Term Investments | 96.59M | 113.74M | 86.71M | 125.94M | 115.53M |
| Total Debt | 91.30M | 97.61M | 95.51M | 97.87M | 79.41M |
| Total Liabilities | 199.23M | 205.73M | 177.49M | 238.41M | 216.91M |
| Stockholders Equity | 308.77M | 325.44M | 296.09M | 331.53M | 274.98M |
Cash Flow | |||||
| Free Cash Flow | 6.78M | 37.18M | -4.16M | 40.00M | 55.82M |
| Operating Cash Flow | 48.26M | 49.96M | 22.26M | 63.23M | 69.01M |
| Investing Cash Flow | -42.04M | -8.55M | -22.84M | -22.67M | -12.94M |
| Financing Cash Flow | -17.85M | -16.79M | -33.85M | -28.00M | -15.52M |
COMET Holding AG Technical Analysis
Positive
314.60
Price Trends
284.89
Positive
277.89
Positive
236.43
Positive
Market Momentum
14.48
Positive
58.50
Neutral
59.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:COTN, the sentiment is Positive. The current price of 314.6 is below the 20-day moving average (MA) of 320.27, above the 50-day MA of 284.89, and above the 200-day MA of 236.43, indicating a bullish trend. The MACD of 14.48 indicates Positive momentum. The RSI at 58.50 is Neutral, neither overbought nor oversold. The STOCH value of 59.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:COTN.
COMET Holding AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | CHF1.23B | 24.74 | 6.04% | ― | 23.82% | ― | |
74 Outperform | CHF3.77B | 17.74 | ― | 2.14% | -5.34% | -28.13% | |
61 Neutral | CHF2.65B | 100.47 | ― | 0.68% | 2.62% | -65.24% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | CHF1.04B | 11.79 | ― | 0.77% | -7.74% | -58.06% |
* General Sector Average
CH:COTN
COMET Holding AG
330.60
99.38
42.98%
CH:IFCN
INFICON Holding AG
153.80
55.44
56.36%
CH:SENS
Sensirion Holding AG
76.60
6.00
8.50%
CH:SKAN
SKAN Group AG
45.85
-26.12
-36.29%
COMET Holding AG Corporate Events
Comet Shareholders Back All Proposals, Extend Capital Flexibility to 2031
Apr 14, 2026
Shareholders of Comet Holding AG approved all proposals from the Board of Directors at the company’s 77th ordinary general meeting in Bern, with 59.32% of voting rights represented. They validated the 2025 management report and consolidated ...
Comet Signals Semiconductor Upswing as Orders Surge Despite Softer Q1 Sales
Apr 14, 2026
Comet Holding AG, a Swiss-based leader in plasma control and X-ray technologies for the semiconductor, electronics, automotive and aerospace sectors, operates globally with more than 1,800 employees and a broad manufacturing footprint in Europe, A...
Comet’s Strong Order Intake Signals Semiconductor Upswing Despite Lower Q1 Sales
Apr 14, 2026
Comet Holding AG, a Swiss specialist in plasma control and X-ray technologies for the semiconductor, electronics, automotive and aerospace sectors, reported a slight year-on-year decline in first-quarter 2026 sales to CHF 106.3 million. The group,...
Comet Holding refreshes board with governance and finance experts
Mar 24, 2026
Comet Holding AG plans to strengthen its board by nominating legal and finance experts Anna Peter and Mads Joergensen for election at its 77th Annual General Meeting on April 14, 2026. They are slated to replace long-serving directors Mariel Hoch ...
Comet lifts sales on AI chip demand but margins shrink as it gears up for 2026 upswing
Mar 6, 2026
Comet Holding AG reported 2025 net sales up 2.6% to CHF 457 million, or 7.3% in constant currencies, driven by early momentum in AI-related semiconductor demand, while the EBITDA margin fell to 10.1% amid currency headwinds and unfavorable product...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.