LEM Holding SA (CH:LEHN)
:LEHN
Want to see CH:LEHN full AI Analyst Report?
Top Page
LEM Holding SA
(LEHN)
Select Model
Select Model
Rating:56Neutral
Price Target:
CHF494.00
▲(47.90% Upside)
Action:Reiterated
Date:05/31/26
The score is held back primarily by materially weaker profitability and revenue versus 2022–2024 and an elevated valuation (P/E ~55.5). Technicals show strong momentum, but overbought signals (RSI/Stoch) add near-term risk; positive free cash flow provides a partial offset.
Positive Factors
Diversified end markets / structural demand
LEM serves multiple, structurally growing markets (renewables, electrified transport, energy distribution, industrial automation). This diversification reduces single-market cyclicality and ties revenue to multi-year electrification and power‑electronics trends that support sustained demand over a 2–6 month horizon and beyond.
Negative Factors
Revenue decline trend
Consecutive revenue declines in 2025 and 2026 erode top‑line scale and reduce operating leverage. If this trend persists it limits the company’s ability to regain prior margins, constrains reinvestment capacity, and undermines multi‑year sales visibility from existing product portfolios.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end markets / structural demand
LEM serves multiple, structurally growing markets (renewables, electrified transport, energy distribution, industrial automation). This diversification reduces single-market cyclicality and ties revenue to multi-year electrification and power‑electronics trends that support sustained demand over a 2–6 month horizon and beyond.
Read all positive factors
LEM Holding SA (LEHN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF528.69M
Dividend YieldN/A
Average Volume (3M)3.27K
Price to Earnings (P/E)53.7
Beta (1Y)1.10
Revenue Growth-6.27%
EPS Growth17.49%
CountryCH
Employees1,800
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)8.66
Shares Outstanding1,140,000
10 Day Avg. Volume3,552
30 Day Avg. Volume3,265
Financial Highlights & Ratios
PEG Ratio1.90
Price to Book (P/B)2.44
Price to Sales (P/S)1.14
P/FCF Ratio10.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF357.50Price Target Upside7.04% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)16.66
Revenue Forecast (FY)CHF293.63M
LEM Holding SA Business Overview & Revenue Model
Company Description
LEM Holding SA, together with its subsidiaries, provides solutions for measuring electrical parameters in China, the United States, Germany, Japan, Italy, Switzerland, and internationally. It operates in two segments, Industry and Automotive. The ...
How the Company Makes Money
LEM makes money by selling electrical measurement components—primarily current and voltage sensors/transducers—both as standard catalog products and as application-specific solutions integrated into customers’ equipment. Revenue is generated mainl...
LEM Holding SA Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with notable achievements in cost management and strategic expansion, but significant challenges remain in terms of margin pressures and regional performance, particularly in the Renewable Energy and EMEA segments.Positive Updates
Positive Momentum in Key Segments
The Automation, Automotive, and Track segments showed growth, with Automotive growing by 9% in constant currencies and the Track business growing by 15%.
Negative Updates
Decline in Gross Margin
Gross margin dropped by almost 15% in the first half due to Forex, price, and mix impacts, with only a slight recovery in Q2.
Read all updates
Q2-2026 Updates
Positive
Negative
Positive Momentum in Key Segments
The Automation, Automotive, and Track segments showed growth, with Automotive growing by 9% in constant currencies and the Track business growing by 15%.
Read all positive updates
Company Guidance
In the call, LEM Holding S.A. provided guidance for the fiscal year 2025-26, indicating a sales range of CHF 265 million to CHF 290 million and aiming for a high single-digit EBIT margin due to their Fit for Growth program. The company reported a 5% decline in sales in the first half of the year, primarily due to FX losses, but achieved a positive growth of 0.5% in constant currencies. The gross margin dropped by nearly 15% to CHF 59 million, but showed signs of recovery in Q2. LEM's net profit margin landed at 6.8% of sales for the first half. The company aims to maintain strict cost discipline and focus on financial resilience, with a long-term annual growth target of 4% to 7% in constant currencies and an EBIT margin corridor of 10% to 15%.LEM Holding SA Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
68
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 287.68M | 306.92M | 405.78M | 406.35M | 373.39M |
| Gross Profit | 115.12M | 132.59M | 189.16M | 192.19M | 177.28M |
| EBITDA | 25.94M | 34.16M | 93.64M | 106.98M | 103.35M |
| Net Income | 9.86M | 8.39M | 65.33M | 75.34M | 72.37M |
Balance Sheet | |||||
| Total Assets | 318.49M | 345.60M | 344.32M | 332.48M | 306.14M |
| Cash, Cash Equivalents and Short-Term Investments | 35.41M | 18.70M | 23.71M | 21.77M | 17.20M |
| Total Debt | 125.45M | 142.91M | 95.66M | 73.62M | 70.67M |
| Total Liabilities | 183.69M | 219.83M | 167.65M | 158.85M | 144.94M |
| Stockholders Equity | 134.79M | 125.77M | 176.68M | 173.63M | 161.20M |
Cash Flow | |||||
| Free Cash Flow | 31.79M | 14.61M | 45.27M | 60.61M | 28.91M |
| Operating Cash Flow | 39.92M | 30.18M | 74.42M | 87.00M | 50.43M |
| Investing Cash Flow | -8.19M | -16.20M | -31.56M | -26.45M | -21.00M |
| Financing Cash Flow | -14.25M | -18.68M | -39.80M | -54.93M | -34.64M |
LEM Holding SA Technical Analysis
Positive
334.00
Price Trends
337.90
Positive
317.04
Positive
369.46
Positive
Market Momentum
44.56
Negative
70.72
Negative
82.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:LEHN, the sentiment is Positive. The current price of 334 is below the 20-day moving average (MA) of 386.07, below the 50-day MA of 337.90, and below the 200-day MA of 369.46, indicating a bullish trend. The MACD of 44.56 indicates Negative momentum. The RSI at 70.72 is Negative, neither overbought nor oversold. The STOCH value of 82.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:LEHN.
LEM Holding SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | CHF4.80B | 64.57 | 11.33% | 1.32% | -3.33% | 4.16% | |
74 Outperform | CHF3.98B | 77.27 | ― | 2.14% | -5.34% | -28.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | CHF528.69M | 53.66 | 5.15% | ― | -6.27% | 17.49% | |
52 Neutral | CHF1.70B | -9.26 | -12.96% | ― | -5.27% | -24.26% | |
48 Neutral | CHF1.45B | -10.80 | -32.43% | 2.22% | -39.02% | -40.84% |
* Technology Sector Average
CH:LEHN
LEM Holding SA
464.00
-357.00
-43.48%
CH:IFCN
INFICON Holding AG
162.60
63.35
63.84%
CH:AMS
ams-OSRAM
17.23
8.50
97.25%
CH:HUBN
HUBER+SUHNER AG
260.00
176.52
211.43%
CH:LAND
Landis+Gyr Group AG
50.40
-1.03
-2.01%
LEM Holding SA Corporate Events
LEM lifts profitability on data center demand and launches strategic review
May 26, 2026
LEM Holding reported broadly stable sales at constant currencies for 2025/26, as revenue slipped 6.3% to CHF 287.7 million on currency headwinds, but Automation grew strongly and bookings rebounded, driving a Q4 book‑to‑bill of 1.16 an...
LEM Holding to Present 2025/26 Annual Results in Zurich and Online
May 5, 2026
LEM Holding SA has invited investors, analysts and media to its annual results conference for the 2025/26 financial year, to be held on 26 May 2026 in Zurich and accessible via conference call and audio webcast. The event, featuring presentations ...
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.