COMET Holding AG (COTN) AI Stock Analysis

• Market Cap: CHF2.09B
• Dividend Yield: 0.56%
• Average Volume (3M): 29.64K
• Price to Earnings (P/E): 59.5
• Beta (1Y): 1.31
• Revenue Growth: 12.05%
• EPS Growth: 128.29%
• Country: CH
• Employees: 1,810
• Sector: Industrials
• Sector Strength: 93
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 3.99
• Shares Outstanding: 7,773,966
• 10 Day Avg. Volume: 28,832
• 30 Day Avg. Volume: 29,635
• PEG Ratio: 0.60
• Price to Book (P/B): 6.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 52.92
• 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: CHF327.50
• Price Target Upside: 21.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 64 Neutral
• Price Target: CHF312.00 ▲(15.81%Upside)

COMET Holding AG's overall score reflects strong financial performance with significant improvements in profitability and cash flow. The stock exhibits strong momentum, though it is potentially overbought. High valuation suggests caution. The lack of earnings call and corporate events data means these areas do not influence the score.

Positive Factors

Growth Opportunities

Comet’s entrance into advanced packaging markets with its new 3D inspection tool opens up a new growth opportunity, potentially changing profit and loss dynamics.

Market Demand

Growing confidence that sales growth will accelerate into the second half of 2025 and 2026 due to technology-focused upgrades and demand recovery.

Market Sentiment

Memory spot markets are showing signs of bottoming out, indicating that the worst might be over for the COTN share price.

Negative Factors

Financial Performance

Post a weak margin guide for 2025, the EPS forecast for 2025 is reduced by 26%.

Guidance

COTN is expected to provide cautious guidance for 2025 due to difficult memory markets and macro uncertainties.

Order Volume

Q1 orders were CHF 119m vs. CHF 124m in Q4 last year which is a moderate decrease of 4% Q/Q.

COMET Holding AG Business Overview & Revenue Model

Company Description

COMET Holding AG is a leading global technology company headquartered in Switzerland. It operates primarily in the fields of radio frequency (RF) power, x-ray, and ebeam technology. The company serves various industries including automotive, aerospace, electronics, and security. COMET's core products and services include high-performance components and systems used in non-destructive testing, semiconductor manufacturing, and surface sterilization.

How the Company Makes Money

COMET Holding AG generates revenue through the sale of its advanced technological products and services across three main business segments: Plasma Control Technologies (PCT), X-Ray Systems (IXS), and Industrial X-Ray Modules (IXM). The PCT segment focuses on RF power products for the semiconductor industry, which is a key driver of revenue due to ongoing demand for electronics and advanced manufacturing processes. The IXS segment provides x-ray inspection systems, primarily for quality assurance and non-destructive testing in industrial applications, contributing significantly to the company's income. The IXM segment supplies x-ray modules used in various applications, including security and medical imaging, further diversifying its revenue streams. COMET's earnings are bolstered by strategic partnerships with major industry players and continuous investment in research and development to maintain technological leadership.

COMET Holding AG Financial Statement Overview

Summary

COMET Holding AG shows strong financial performance with significant improvements in profitability and cash flow. The income statement highlights robust revenue growth and improved profit margins. The balance sheet reflects a healthy equity ratio and manageable debt, although there are concerns about asset reductions. Cash flow improvements are notable, though past volatility requires attention for sustained growth.

Income Statement

COMET Holding AG demonstrated strong revenue growth over the past year with a 12.04% increase from 2023 to 2024. Gross profit margins improved to 43.34%, indicating efficient cost management. The net profit margin significantly improved to 7.89% in 2024, showcasing enhanced profitability. EBIT and EBITDA margins also showed robust performance at 8.58% and 14.47% respectively, reflecting solid operational performance. However, compared to 2022, there has been a decline in revenue and margins, signaling potential volatility in the market.

Balance Sheet

The company's financial leverage is moderate with a debt-to-equity ratio of 0.30, reflecting a manageable level of debt. Return on equity increased to 10.79%, indicating improved profitability relative to shareholder equity. The equity ratio stands at 61.27%, showing a strong equity position. While these figures demonstrate good financial health, the reduction in total assets and stockholders' equity from 2022 to 2024 highlights potential instability in asset management.

Cash Flow

COMET Holding AG saw a notable turnaround in free cash flow, growing significantly from negative in 2023 to a positive $37.18M in 2024. The operating cash flow to net income ratio of 1.42 indicates strong cash generation relative to net income. However, fluctuations in cash flows and capital expenditures in prior years suggest some volatility in cash management and investment activities.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	445.36M	397.45M	586.39M	513.72M	395.82M
Gross Profit	193.10M	162.93M	261.63M	222.80M	157.57M
EBITDA	64.42M	41.41M	113.55M	99.07M	54.69M
Net Income	35.12M	15.39M	78.11M	67.44M	27.66M
Balance Sheet
Total Assets	531.17M	473.58M	569.94M	491.89M	441.15M
Cash, Cash Equivalents and Short-Term Investments	113.74M	86.71M	125.94M	115.53M	74.68M
Total Debt	97.61M	95.51M	97.87M	79.41M	81.82M
Total Liabilities	205.73M	177.49M	238.41M	216.91M	226.20M
Stockholders Equity	325.44M	296.09M	331.53M	274.98M	214.96M
Cash Flow
Free Cash Flow	37.18M	-4.16M	40.00M	55.82M	41.71M
Operating Cash Flow	49.96M	22.26M	63.23M	69.01M	55.27M
Investing Cash Flow	-8.55M	-22.84M	-22.67M	-12.94M	-15.47M
Financing Cash Flow	-16.79M	-33.85M	-28.00M	-15.52M	-24.48M

COMET Holding AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 269.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 269.4 is below the 20-day moving average (MA) of 271.22, above the 50-day MA of 248.37, and above the 200-day MA of 253.24, indicating a neutral trend. The MACD of 8.13 indicates Positive momentum. The RSI at 53.41 is Neutral, neither overbought nor oversold. The STOCH value of 15.81 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	71 Outperform	¥268.02B	13.94	8.47%	2.88%	6.35%	13.11%
KARN	70 Outperform	CHF2.37B	30.93		<0.01%	10.38%	18.74%
IFCN	68 Neutral	CHF2.64B	26.54		0.02%	-2.41%	4.65%
INRN	68 Neutral	CHF2.00B	32.03		1.32%	-5.25%	-6.32%
COTN	64 Neutral	CHF2.09B	59.49		0.56%	12.05%	128.29%
BOSN	64 Neutral	CHF1.37B	20.02	18.65%	2.20%	2.35%	1.92%
DAE	58 Neutral	CHF2.50B	82.09	8.55%	2.17%	-2.06%	-58.53%

COMET Holding AG Corporate Events

Comet Holding AG Approves All Agenda Items at 76th General Meeting

At its 76th Ordinary General Meeting, Comet Holding AG successfully passed all proposed agenda items, including the approval of the 2024 financial statements and a dividend of CHF 1.50 per share. The meeting also saw the re-election of Board members, the appointment of Benjamin Loh as the new Chairman, and the approval of compensation plans for the Board and Executive Board. These decisions reflect a stable governance structure and strategic continuity, potentially reinforcing investor confidence and supporting the company’s market positioning.

Comet Holding AG Reports Strong Q1 2025 Performance Driven by Semiconductor Demand

Comet Holding AG reported a robust first quarter in 2025, with net sales rising by 37.5% to CHF 111.2 million and order intake increasing by 30.2% to CHF 118.5 million compared to the previous year. The growth was primarily driven by the semiconductor industry’s demand, particularly in AI applications and data centers, despite challenges in consumer electronics. Comet’s strategic focus on the semiconductor sector and the launch of new products like the Synertia range and CA20 system are expected to bolster its market position and drive future growth.