LEM Holding SA (CH:LEHN)
:LEHN
Top Page
LEM Holding SA
(LEHN)
Select Model
Select Model
Rating:50Neutral
Price Target:
CHF281.00
▼(-2.77% Downside)
Action:ReiteratedDate:03/21/26
The score is primarily constrained by weakening financial performance (sharp revenue decline, compressed margins, and reduced free cash flow) and bearish technical signals (price below major moving averages and negative MACD). Valuation is middling (P/E ~20), offering only limited support.
Positive Factors
Diversified end-markets / Secular demand
LEM’s sensor portfolio addresses multiple structural growth markets (EVs, renewables, automation, energy distribution). The design-in nature of sensors creates recurring multi-year revenues per OEM platform, providing durable demand exposure to long-term electrification and decarbonization trends.
Negative Factors
Sharply declining revenue
Reported revenue has fallen sharply (-24.34%), signaling meaningful loss of volume or weaker end-market demand. Sustained top-line contraction reduces scale, pressures fixed-cost absorption, and can prolong margin recovery and limit reinvestment until sales stabilize or new design-ins materialize.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end-markets / Secular demand
LEM’s sensor portfolio addresses multiple structural growth markets (EVs, renewables, automation, energy distribution). The design-in nature of sensors creates recurring multi-year revenues per OEM platform, providing durable demand exposure to long-term electrification and decarbonization trends.
Read all positive factors
LEM Holding SA (LEHN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF329.29M
Dividend YieldN/A
Average Volume (3M)3.27K
Price to Earnings (P/E)20.1
Beta (1Y)1.01
Revenue Growth-11.90%
EPS Growth-78.34%
CountryCH
Employees1,800
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)4.06
Shares Outstanding1,140,000
10 Day Avg. Volume3,552
30 Day Avg. Volume3,265
Financial Highlights & Ratios
PEG Ratio-1.10
Price to Book (P/B)6.42
Price to Sales (P/S)2.63
P/FCF Ratio55.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF366.60Price Target Upside26.85% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)18.13
Revenue Forecast (FY)CHF296.06M
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:May 26, 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
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 298.63M | 306.92M | 405.78M | 406.35M | 373.39M | 300.97M |
| Gross Profit | 122.31M | 132.59M | 189.16M | 192.19M | 177.28M | 140.60M |
| EBITDA | 13.91M | 34.16M | 93.64M | 106.98M | 103.35M | 73.45M |
| Net Income | 6.61M | 8.39M | 65.33M | 75.34M | 72.37M | 55.60M |
Balance Sheet | ||||||
| Total Assets | 325.41M | 345.60M | 344.32M | 332.48M | 306.14M | 266.42M |
| Cash, Cash Equivalents and Short-Term Investments | 20.43M | 18.70M | 23.71M | 21.77M | 17.20M | 22.42M |
| Total Debt | 134.18M | 142.91M | 95.66M | 73.62M | 70.67M | 31.36M |
| Total Liabilities | 194.44M | 219.83M | 167.65M | 158.85M | 144.94M | 134.52M |
| Stockholders Equity | 130.96M | 125.77M | 176.68M | 173.63M | 161.20M | 131.90M |
Cash Flow | ||||||
| Free Cash Flow | 34.78M | 14.61M | 45.27M | 60.61M | 28.91M | 36.98M |
| Operating Cash Flow | 42.51M | 30.18M | 74.42M | 87.00M | 50.43M | 50.88M |
| Investing Cash Flow | -11.35M | -16.20M | -31.56M | -26.45M | -21.00M | -13.46M |
| Financing Cash Flow | -28.34M | -18.68M | -39.80M | -54.93M | -34.64M | -35.05M |
LEM Holding SA Technical Analysis
Positive
289.00
Price Trends
296.22
Negative
301.97
Negative
457.56
Negative
Market Momentum
-2.42
Negative
50.57
Neutral
65.99
Neutral
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 289 is above the 20-day moving average (MA) of 280.15, below the 50-day MA of 296.22, and below the 200-day MA of 457.56, indicating a neutral trend. The MACD of -2.42 indicates Negative momentum. The RSI at 50.57 is Neutral, neither overbought nor oversold. The STOCH value of 65.99 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | CHF2.58B | 33.89 | ― | 2.14% | -0.84% | -8.41% | |
70 Outperform | CHF3.41B | 35.95 | 11.33% | 1.32% | 13.03% | 20.38% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | CHF1.47B | -2.99 | -32.43% | 2.22% | -32.13% | -386.99% | |
52 Neutral | CHF1.03B | -4.01 | -20.37% | ― | -27.51% | -36.15% | |
50 Neutral | CHF329.29M | 20.05 | 5.15% | ― | -11.90% | -78.34% | |
45 Neutral | CHF843.83M | -10.54 | -12.96% | ― | -5.48% | 79.75% |
* Technology Sector Average
CH:LEHN
LEM Holding SA
289.00
-313.00
-51.99%
CH:IFCN
INFICON Holding AG
105.40
28.82
37.63%
CH:AMS
ams-OSRAM
8.53
3.03
55.23%
CH:HUBN
HUBER+SUHNER AG
184.60
122.30
196.31%
CH:LAND
Landis+Gyr Group AG
51.00
6.67
15.05%
CH:UBXN
u-blox Holding AG
137.00
71.20
108.21%
LEM Holding SA Corporate Events
LEM Holds Margins and Lifts Guidance as Market Stabilizes Despite Currency Drag
Feb 6, 2026
LEM reported essentially flat sales at constant currencies for the first nine months of 2025/26, as growth in Automation and Automotive was offset by weakness in Renewable Energy and Energy Distribution High Precision, while a strong Swiss franc ...
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.