Elma Electronic AG (CH:ELMN)
:ELMN
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Elma Electronic AG
(ELMN)
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Rating:64Neutral
Price Target:
CHF1,402.00
▲(10.39% Upside)
Action:Downgraded
Date:05/10/26
The score is held back primarily by weakening financial performance—especially the sharp drop in operating cash flow and deeply negative free cash flow in 2025 alongside margin compression. Offsetting this, technicals show an established uptrend (despite overbought RSI), and valuation appears attractive with a moderate P/E and very high dividend yield.
Positive Factors
Specialized electronic packaging and services
A focused product set (enclosures, subracks, backplanes, interconnects) plus engineering and integration services creates a durable B2B business model. Standardized hardware and customization offerings foster repeat orders, higher-margin system work and long sales cycles that support predictable revenue streams.
Negative Factors
Sharp operating and free cash flow deterioration
A sudden collapse in operating cash conversion and deeply negative free cash flow undermines the company’s ability to self-fund capex, pay dividends or invest in higher-margin customization work. Over the medium term this raises refinancing risk and pressure on liquidity and strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized electronic packaging and services
A focused product set (enclosures, subracks, backplanes, interconnects) plus engineering and integration services creates a durable B2B business model. Standardized hardware and customization offerings foster repeat orders, higher-margin system work and long sales cycles that support predictable revenue streams.
Read all positive factors
Elma Electronic AG (ELMN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF297.04M
Dividend Yield0.16%
Average Volume (3M)8.00
Price to Earnings (P/E)70.6
Beta (1Y)0.05
Revenue Growth-1.00%
EPS Growth-51.23%
CountryCH
Employees828
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)18.14
Shares Outstanding228,492
10 Day Avg. Volume5
30 Day Avg. Volume8
Financial Highlights & Ratios
PEG Ratio-1.38
Price to Book (P/B)4.64
Price to Sales (P/S)1.66
P/FCF Ratio-17.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Elma Electronic AG Business Overview & Revenue Model
Company Description
Elma Electronic AG is a leading global provider of modular electronic packaging solutions and systems for various industries, including telecommunications, military, aerospace, and industrial automation. Established in Switzerland, the company spe...
How the Company Makes Money
Elma Electronic AG primarily makes money by selling electronic packaging hardware and related system components to equipment manufacturers and integrators. Key revenue streams typically include: (1) product sales of enclosures/chassis, subracks, c...
Elma Electronic AG Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 176.00M | 177.77M | 167.14M | 154.66M | 149.28M |
| Gross Profit | 57.13M | 58.48M | 50.33M | 40.98M | 43.08M |
| EBITDA | 11.05M | 15.09M | 10.24M | 8.68M | 12.48M |
| Net Income | 4.14M | 8.50M | 5.01M | 4.16M | 7.54M |
Balance Sheet | |||||
| Total Assets | 132.25M | 123.86M | 110.87M | 104.20M | 97.58M |
| Cash, Cash Equivalents and Short-Term Investments | 16.20M | 22.21M | 8.95M | 8.94M | 6.50M |
| Total Debt | 36.09M | 23.30M | 22.95M | 19.50M | 20.79M |
| Total Liabilities | 69.18M | 58.47M | 56.96M | 50.33M | 47.00M |
| Stockholders Equity | 63.07M | 65.40M | 53.91M | 53.87M | 50.58M |
Cash Flow | |||||
| Free Cash Flow | -17.06M | 12.77M | -2.60M | 4.27M | 2.50M |
| Operating Cash Flow | 2.58M | 18.99M | 176.00K | 6.91M | 5.74M |
| Investing Cash Flow | -19.80M | -5.96M | -2.77M | -2.65M | -3.09M |
| Financing Cash Flow | 12.31M | -198.00K | 3.00M | -1.74M | -6.69M |
Elma Electronic AG Technical Analysis
Positive
1270.00
Price Trends
1282.61
Positive
1278.72
Positive
1253.76
Positive
Market Momentum
5.09
Negative
60.71
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:ELMN, the sentiment is Positive. The current price of 1270 is below the 20-day moving average (MA) of 1293.50, below the 50-day MA of 1282.61, and above the 200-day MA of 1253.76, indicating a bullish trend. The MACD of 5.09 indicates Negative momentum. The RSI at 60.71 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:ELMN.
Elma Electronic AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | CHF265.27M | 6.02 | 13.91% | 2.43% | 2.10% | 16.14% | |
64 Neutral | CHF297.04M | 70.56 | ― | 0.16% | -1.00% | -51.23% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | CHF170.69M | 30.31 | ― | 3.45% | -10.52% | -54.90% |
* Technology Sector Average
CH:ELMN
Elma Electronic AG
1,300.00
181.74
16.25%
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CH:MIKN
Mikron Holding AG
16.20
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CH:ADVN
Adval Tech Holding AG
40.80
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CH:STGN
StarragTornos Group AG
31.40
-3.35
-9.64%
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.