INFICON Holding AG (IFCN) AI Stock Analysis

• Market Cap: CHF2.98B
• Dividend Yield: 2.14%
• Average Volume (3M): 39.25K
• Price to Earnings (P/E): 33.1
• Beta (1Y): 1.13
• Revenue Growth: -0.84%
• EPS Growth: -8.41%
• Country: CH
• Employees: 1,685
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.79
• Shares Outstanding: 24,451,610
• 10 Day Avg. Volume: 24,104
• 30 Day Avg. Volume: 39,247
• PEG Ratio: -0.28
• Price to Book (P/B): 7.29
• Price to Sales (P/S): 4.15
• P/FCF Ratio: 31.59
• 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: CHF125.50
• Price Target Upside: 2.87% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: CHF145.00 ▲(18.85% Upside)

The score is driven primarily by strong financial performance (healthy margins, low leverage, and strong ROE), supported by a clear upward price trend. Offsetting factors include overbought technical signals and a relatively high P/E with only a modest dividend yield.

Positive Factors

High gross and improving net margins

Sustained gross margins above 45% and a net margin of 16.8% indicate durable pricing power and efficient cost control. These margins support long-term profitability, allowing reinvestment in R&D, product development, and cushioning versus cyclical demand downturns.

Low leverage and strong capital structure

A debt/equity of 0.12 and a 72.4% equity ratio provide substantial financial flexibility. This low leverage reduces refinancing risk, supports capex or M&A funding from internal sources, and increases resilience to industry cyclicality over a multi-quarter horizon.

Consistent free cash flow generation

Persistent free cash flow generation, even with a modest year-over-year decline, underpins the firm's ability to fund R&D, maintenance capex, and shareholder returns without depending on external financing, strengthening long-term operational independence.

Negative Factors

Slight revenue contraction

A small year-over-year revenue decline signals soft demand or pricing pressure in core markets. If the trend persists it could constrain scalable investment and margin leverage, limiting structural growth unless new end-market penetration or product wins offset it.

Negative recent EPS growth

An ~8.4% decline in EPS reflects earnings compression that may erode internal capital accumulation. Sustained negative EPS trends would reduce capacity to fund innovation, dividends, or strategic initiatives, and could signal margin or demand weaknesses.

Exposure to cyclical end markets

Concentration in semiconductors and HVAC ties revenue to capital spending and construction cycles. Structural volatility in these end markets can cause multi-quarter demand swings, complicating long-term forecasting and potentially pressuring utilization and margins.

INFICON Holding AG Business Overview & Revenue Model

Company Description

INFICON Holding AG develops instruments for gas analysis, measurement, and control in the Asia-Pacific, Europe, North America, and internationally. It offers leak detectors, service tools for HVAC/R and automotive, chemical detection and monitoring products, quartz crystals, thin film depositions, and residual gas analyzers and mass spectrometers. The company also provides RF sensing technology solutions, manufacturing software, vacuum feedthroughs and components, vacuum gauge controllers and accessories, vacuum gauges, high precision vacuum gauges, and drop-in replacement products for vacuum gauges and controllers. In addition, it provides toxic chemical analysis products for emergency response, security, and environmental monitoring, as well as instruments for energy and petrochemical applications. The company's analysis, measurement, and control products are used for gas leak detection in air conditioning, refrigeration, and automotive manufacturing; and for use in the fabrication of semiconductors and thin film coatings for optics, flat panel displays, solar cells, LED lighting, and industrial vacuum coating applications. Its products are also used in the life sciences, research, aerospace, food and general packaging, heat treatment, laser cutting, oil and gas transportation and processing, alternative energy, utilities, and other industrial processes. INFICON Holding AG was founded in 2000 and is headquartered in Bad Ragaz, Switzerland.

How the Company Makes Money

INFICON generates revenue primarily through the sale of its specialized instruments and systems, which are utilized in various industrial applications. Key revenue streams include the sale of equipment for leak detection and monitoring, process control systems, and analytical instruments. Additionally, the company earns income from maintenance services, spare parts, and software solutions related to their products. INFICON has established significant partnerships with major players in the semiconductor and HVAC industries, enhancing its market reach and enabling it to provide tailored solutions that meet the specific needs of its clients. The company's focus on innovation and quality also contributes to customer loyalty and repeat business, further bolstering its financial performance.

INFICON Holding AG Financial Statement Overview

Summary

Strong profitability (gross margin consistently >45% and net margin improving to 16.8% in 2024), low leverage (debt-to-equity 0.12) and high equity ratio (72.4%) support stability. Slight revenue contraction (-0.41% YoY) and a modest free cash flow decline temper the score.

Income Statement

INFICON Holding AG demonstrates strong profitability and stability. The gross profit margin is robust, consistently above 45% in recent years, indicating efficient cost management and pricing power. The net profit margin has also been solid, with slight improvements, reaching 16.8% in 2024 from 15.7% in 2023. Revenue growth has been moderate, with a slight decline of 0.41% between 2023 and 2024, suggesting a stable revenue base. EBIT and EBITDA margins are healthy, supporting strong operational performance.

Balance Sheet

The company's balance sheet reflects a solid financial position with a reasonable debt-to-equity ratio of 0.12 as of 2024, indicating low leverage and financial stability. The return on equity (ROE) has improved to 29.5% in 2024, showcasing efficient use of equity to generate profits. The equity ratio of 72.4% also underscores a strong capital structure, with a high proportion of assets funded by equity, reducing financial risk.

Cash Flow

INFICON Holding AG's cash flow performance is commendable, with a consistent generation of free cash flow. The free cash flow increased from CHF 94.82 million in 2023 to CHF 88.12 million in 2024, reflecting a slight decrease, but overall, the cash flow remains strong. The operating cash flow to net income ratio is slightly below 1, indicating most profits are converted into cash. The company remains cash generative, supporting potential reinvestment and shareholder returns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	512.63M	670.95M	673.71M	581.30M	515.78M	397.80M
Gross Profit	239.08M	316.27M	309.62M	266.68M	246.99M	188.01M
EBITDA	116.72M	157.63M	150.60M	126.13M	112.85M	74.50M
Net Income	82.25M	112.75M	105.68M	88.53M	80.31M	49.30M
Balance Sheet
Total Assets	588.75M	527.99M	519.49M	429.41M	365.15M	305.18M
Cash, Cash Equivalents and Short-Term Investments	141.66M	119.23M	101.62M	45.90M	65.63M	60.10M
Total Debt	103.17M	44.28M	57.22M	43.37M	9.63M	19.20M
Total Liabilities	204.28M	145.97M	179.50M	151.96M	112.57M	82.30M
Stockholders Equity	384.47M	382.01M	339.99M	277.45M	252.59M	222.89M
Cash Flow
Free Cash Flow	76.21M	88.11M	94.82M	10.93M	61.40M	34.89M
Operating Cash Flow	93.37M	116.48M	118.25M	46.23M	85.07M	50.49M
Investing Cash Flow	-11.08M	-30.53M	-22.95M	-40.56M	-28.96M	-15.57M
Financing Cash Flow	-25.87M	-64.45M	-41.54M	-23.06M	-48.28M	-32.53M

INFICON Holding AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 122.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:IFCN, the sentiment is Positive. The current price of 122 is above the 20-day moving average (MA) of 115.50, above the 50-day MA of 105.74, and above the 200-day MA of 99.73, indicating a bullish trend. The MACD of 6.38 indicates Negative momentum. The RSI at 61.52 is Neutral, neither overbought nor oversold. The STOCH value of 54.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:IFCN.

INFICON Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IFCN	75 Outperform	CHF2.98B	33.08	―	2.14%	-0.84%	-8.41%
HUBN	67 Neutral	CHF2.88B	39.39	11.64%	1.32%	13.03%	20.38%
COTN	64 Neutral	CHF2.33B	59.76	―	0.68%	27.24%	122.39%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SENS	61 Neutral	CHF890.43M	50.83	6.04%	―	40.00%	―
UBXN	58 Neutral	CHF1.02B	-8.98	-20.37%	―	-27.51%	-36.15%
LEHN	45 Neutral	CHF320.75M	48.52	5.19%	―	-11.90%	-78.34%

INFICON Holding AG Corporate Events

INFICON Signals Flat 2025 Sales but Lower Operating Profit Ahead of March Results

INFICON expects to report virtually flat sales of around USD 673.7 million for 2025, only slightly above the prior year’s USD 671.0 million, while operating income is projected to decline to roughly USD 112.3 million from USD 136.0 million, indicating margin pressure despite stable top-line development. The company will publish its detailed 2025 year-end results and annual report on 24 March 2026, with an analyst and media conference the same day, and has outlined its 2026 financial communication calendar, including an annual general meeting on 22 April and first-quarter results on 24 April, giving investors and other stakeholders clear visibility on upcoming disclosures.

The most recent analyst rating on (CH:IFCN) stock is a Buy with a CHF130.00 price target. To see the full list of analyst forecasts on INFICON Holding AG stock, see the CH:IFCN Stock Forecast page.

INFICON Announces CFO Transition with Internal Appointment

INFICON Holding AG announced the appointment of Dimitrij Lisak as the new Chief Financial Officer, effective July 1, 2026, succeeding Matthias Tröndle who will retire after 18 years with the company. This transition is part of INFICON’s long-term succession planning, ensuring a smooth handover and continuity in financial leadership, which is expected to maintain the company’s stable financial position and positively impact its operations and stakeholder relations.

The most recent analyst rating on (CH:IFCN) stock is a Buy with a CHF116.00 price target. To see the full list of analyst forecasts on INFICON Holding AG stock, see the CH:IFCN Stock Forecast page.