COMET Holding AG (COTN) AI Stock Analysis

• Market Cap: CHF1.48B
• Dividend Yield: 0.79%
• Average Volume (3M): 40.74K
• Price to Earnings (P/E): 38.1
• Beta (1Y): 1.40
• Revenue Growth: 27.24%
• EPS Growth: 122.39%
• Country: CH
• Employees: 1,810
• Sector: Services
• Sector Strength: N/A
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.01
• Shares Outstanding: 7,773,966
• 10 Day Avg. Volume: 65,836
• 30 Day Avg. Volume: 40,742
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: CHF280.00
• Price Target Upside: 45.15% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 58 Neutral
• Price Target: CHF198.00 ▲(2.64% Upside)

The overall stock score reflects a mixed outlook. Strong financial performance and improved profitability are offset by bearish technical indicators and a high valuation, suggesting potential risks. The lack of earnings call data and corporate events contributes to uncertainty.

Positive Factors

Market Demand

Growth is coming from rising demand for AI applications and data center expansions.

Market Recovery

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

Technology and Innovation

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.

Negative Factors

Earnings Forecast

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

Financial Performance

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

Guidance and Forecasts

The company will continue to assess any potential impact of the current economic environment on its business.

COMET Holding AG Business Overview & Revenue Model

Company Description

COMET Holding AG (COTN) is a Swiss-based technology company specializing in the development and production of high-performance components and systems for various industries, including electronics, healthcare, and aerospace. The company operates through three main segments: X-Ray Systems, Plasma Control Technologies, and Industrial X-Ray and Testing. COMET is known for its innovative solutions that enhance efficiency and precision in manufacturing and quality control processes.

How the Company Makes Money

COMET Holding AG generates revenue primarily through the sale of its core products and services across its three business segments. The X-Ray Systems segment produces advanced X-ray equipment used in non-destructive testing and inspection, which is essential for quality assurance in manufacturing. The Plasma Control Technologies segment offers solutions for semiconductor manufacturing that improve process efficiency and yield, capitalizing on the growing demand for semiconductors. The Industrial X-Ray and Testing segment provides tailored solutions for industrial applications, contributing to revenue through equipment sales and service contracts. Significant partnerships with key players in the electronics and aerospace industries enhance COMET's market reach and revenue potential. Additionally, recurring revenue streams are generated from maintenance contracts and after-sales services, which provide ongoing support to customers and contribute to stable cash flows.

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: Negative
• Last Price: 192.90
• 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:COTN, the sentiment is Negative. The current price of 192.9 is below the 20-day moving average (MA) of 229.49, below the 50-day MA of 243.48, and below the 200-day MA of 247.43, indicating a bearish trend. The MACD of -20.01 indicates Positive momentum. The RSI at 22.48 is Positive, neither overbought nor oversold. The STOCH value of 19.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:COTN.

COMET Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IFCN	75 Outperform	CHF2.30B	25.49		2.23%	-0.84%	-8.41%
KARN	70 Outperform	CHF2.51B	33.86		1.84%	11.43%	6.46%
INRN	68 Neutral	CHF1.93B	32.50		1.37%	-3.67%	-12.95%
Sector *	66 Neutral	€7.28B	13.20	35.20%	3.67%	2.14%	-121.84%
BOSN	64 Neutral	CHF1.26B	18.47	18.65%	2.26%	2.35%	1.92%
COTN	58 Neutral	CHF1.48B	38.11		0.79%	27.24%	122.39%
DAE	58 Neutral	CHF2.29B	75.38	8.55%	2.37%	-2.06%	-58.53%

COMET Holding AG Corporate Events

Comet Holding AG Reports Strong H1 2025 Sales Growth Amid Market Uncertainties

Comet Holding AG reported a 20% increase in net sales for the first half of 2025, driven by strong demand in the PCT division, particularly for AI applications. Despite the sales growth, profitability was impacted by currency effects and product mix. The company revised its full-year forecast due to macroeconomic and geopolitical uncertainties affecting the semiconductor industry, projecting net sales between CHF 460 million and CHF 500 million. Comet continues to invest in R&D and expansion to meet future demand, while making strategic adjustments to align with market conditions.

The most recent analyst rating on (CH:COTN) stock is a Buy with a CHF274.00 price target. To see the full list of analyst forecasts on COMET Holding AG stock, see the CH:COTN Stock Forecast page.