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COMET Holding AG (CH:COTN)
:COTN

COMET Holding AG (COTN) AI Stock Analysis

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COMET Holding AG

(COTN)

Rating:69Neutral
Price Target:
CHF285.00
â–²(14.92%Upside)
COMET Holding AG's stock score is primarily driven by its strong financial performance and positive technical indicators. The company's profitability and cash flow improvements are significant, while technical analysis suggests positive momentum despite potential overbought signals. However, the high P/E ratio reflects expensive valuation, tempering the overall 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 Indicators
Memory spot markets are showing signs of bottoming out, indicating that the worst might be over for the COTN share price.
Negative Factors
Earnings Forecast
Post a weak margin guide for 2025, the EPS forecast for 2025 is reduced by 26%.
Guidance Outlook
COTN is expected to provide cautious guidance for 2025 due to difficult memory markets and macro uncertainties.
Valuation Concerns
Valuation of the shares at a P/E 2026E of 22x is well below the historic average.

COMET Holding AG (COTN) vs. iShares MSCI Switzerland ETF (EWL)

COMET Holding AG Business Overview & Revenue Model

Company DescriptionComet 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 through Plasma Control Technologies, X-Ray Systems, and Industrial X-Ray Modules divisions. The Plasma Control Technologies division develops, manufactures, and markets vacuum capacitors, RF generators, and RF impedance matching networks for the high-precision control of plasma processes required in the production of memory chips and flat panel displays. The X-Ray Systems division develops, manufactures, and markets X-ray systems and related services for non-destructive examination using X-ray and microfocus technology, and computed tomography. The Industrial X-Ray Modules division develops, manufactures, and markets compact X-ray sources and portable X-ray modules for non-destructive examination, steel metrology, and security inspection. The company offers its products under the Comet and Yxlon brand names. It serves electronics, automotive, aerospace, energy, semiconductor, and security sectors. Comet Holding AG was founded in 1948 and is headquartered in Flamatt, Switzerland.
How the Company Makes MoneyCOMET Holding AG generates revenue through the sale of its advanced technological products and solutions across its three core segments. The X-Ray Systems segment provides non-destructive testing equipment and services, catering to industries that require high precision and reliability. The Plasma Control Technologies segment supplies radio frequency power solutions, which are critical for semiconductor manufacturing processes. The Industrial X-Ray Modules segment offers high-resolution X-ray sources and detectors for inspection and quality control applications. Additionally, the company engages in strategic partnerships and collaborations with leading firms in the technology sector to enhance its product offerings and expand its market reach. These diverse revenue streams are supported by COMET's emphasis on innovation, quality, and customer service, which help maintain its competitive position in the market.

COMET Holding AG Financial Statement Overview

Summary
COMET Holding AG has demonstrated strong financial performance with improvements in profitability and cash flow. While the company maintains a solid balance sheet with a healthy equity ratio and manageable debt levels, past volatility and asset reductions indicate a need for consistent growth and stability.
Income Statement
75
Positive
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
70
Positive
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
68
Positive
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue445.36M397.45M586.39M513.72M395.82M
Gross Profit193.10M162.93M261.63M222.80M157.57M
EBITDA64.42M41.41M113.55M99.07M54.69M
Net Income35.12M15.39M78.11M67.44M27.66M
Balance Sheet
Total Assets531.17M473.58M569.94M491.89M441.15M
Cash, Cash Equivalents and Short-Term Investments113.74M86.71M125.94M115.53M74.68M
Total Debt97.61M95.51M97.87M79.41M81.82M
Total Liabilities205.73M177.49M238.41M216.91M226.20M
Stockholders Equity325.44M296.09M331.53M274.98M214.96M
Cash Flow
Free Cash Flow37.18M-4.16M40.00M55.82M41.71M
Operating Cash Flow49.96M22.26M63.23M69.01M55.27M
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 Price248.00
Price Trends
50DMA
230.37
Positive
100DMA
234.46
Positive
200DMA
256.51
Positive
Market Momentum
MACD
7.10
Negative
RSI
69.33
Neutral
STOCH
75.73
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 248 is above the 20-day moving average (MA) of 241.62, above the 50-day MA of 230.37, and below the 200-day MA of 256.51, indicating a bullish trend. The MACD of 7.10 indicates Negative momentum. The RSI at 69.33 is Neutral, neither overbought nor oversold. The STOCH value of 75.73 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
CHF2.56B25.80
20.04%-2.41%4.65%
71
Outperform
CHF1.66B26.61
1.59%-5.25%-6.32%
70
Outperform
CHF2.16B28.12
2.14%10.38%18.74%
69
Neutral
CHF2.02B57.41
0.58%12.05%128.29%
69
Neutral
CHF1.35B18.7019.35%2.22%-7.72%-2.58%
68
Neutral
$2.52B13.387.40%4.65%-0.87%8.24%
CHDAE
63
Neutral
CHF2.03B65.168.24%2.68%-3.80%-53.44%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CH:COTN
COMET Holding AG
261.40
-111.86
-29.97%
CH:KARN
Kardex AG
280.50
56.75
25.36%
CH:INRN
Interroll Holding AG
2,035.00
-626.41
-23.54%
CH:IFCN
INFICON Holding AG
101.80
-32.88
-24.41%
CH:BOSN
Bossard Holding AG
174.20
-43.41
-19.95%
CH:DAE
Daetwyler Holding
118.40
-49.72
-29.58%

COMET Holding AG Corporate Events

Comet Holding AG Approves All Agenda Items at 76th General Meeting
Apr 10, 2025

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
Apr 10, 2025

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.

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.Date of analysis: Jul 04, 2025