VAT Group AG (VACN) AI Stock Analysis

• Market Cap: $8.72B
• Dividend Yield: 2.16%
• Average Volume (3M): 86.73K
• Price to Earnings (P/E): 39.0
• Beta (1Y): 1.25
• Revenue Growth: 19.22%
• EPS Growth: 11.62%
• Country: CH
• Employees: 3,202
• Sector: Industrials
• Sector Strength: 93
• Industry: Industrial - Machinery
• EPS (TTM): 3.52
• Shares Outstanding: 30,000,000
• 10 Day Avg. Volume: 118,627
• 30 Day Avg. Volume: 86,733
• PEG Ratio: 8.29
• Price to Book (P/B): 13.59
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 53.43
• 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: $323.14
• Price Target Upside: 11.74% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

• Rating: 67 Neutral
• Price Target: CHF324.00 ▲(12.03%Upside)

VAT Group AG's overall stock score of 67 is primarily driven by its strong financial performance and positive earnings call outlook, highlighting significant growth and strategic achievements. However, bearish technical indicators and a high P/E ratio pose potential risks.

Positive Factors

Future Growth Expectations

VAT expects 2025 to be a 'solid' growth year driven by 2nm, GAA, ALD and persisting strength in China.

Market Growth

China remains an important end market that should continue to see growth for VAT.

Sales Guidance

VAT is guiding for sales of CHF275-295m in Q1-25, up 10% Q/Q on an adjusted basis.

Negative Factors

EBITDA Margin Risk

The widening of the EBITDA margin range introduces some risk to Street views, potentially putting downward pressure on consensus.

Market Uncertainty

China overhang remains, as VAT did not improve understanding on its ability to maintain share in the BoM of its Chinese customers.

Revenue Impact

Lower China revenue for the non-Chinese OEMs is seen as a material headwind to the overall market, impacting the growth of VAT's main US customers.

VAT Group AG Business Overview & Revenue Model

Company Description

VAT Group AG, together with its subsidiaries, develops, manufactures, and supplies vacuum valves in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. The company operates through two segments, Valves and Global Service. The Valves segment offers vacuum valves for the semiconductor, displays, photovoltaics, and vacuum coating industries, as well as for the industrial and research sectors. The Global Service segment provides spare parts, repairs, and upgrades, as well as support services. It also offers gas inlet valves, multi valve modules, vacuum chambers with integrated valves, motion and mechanical components, and edge-welded metal bellows. VAT Group AG was founded in 1965 is headquartered in Sennwald, Switzerland.

How the Company Makes Money

VAT Group AG generates revenue through the design, production, and sale of vacuum valves, which are essential components in the creation and maintenance of controlled vacuum environments. The company's key revenue streams include sales from its Semiconductor, Display and Solar, and Industrial segments. VAT Group AG benefits from long-term relationships with major manufacturers in the semiconductor industry, where its products are integral to the production of semiconductor devices. Additionally, the company offers service and spare parts, ensuring ongoing customer support and creating recurring revenue opportunities. Strategic partnerships with industry leaders and continuous investment in research and development further bolster the company's competitiveness and revenue generation capabilities.

VAT Group AG Financial Statement Overview

Summary

VAT Group AG exhibits strong financial health with consistent revenue growth and a solid balance sheet. Despite a temporary dip in EBIT, the company's low leverage and positive cash flow position it well for future growth. Continuous monitoring of operational efficiency and cash conversion metrics is recommended.

Income Statement

VAT Group AG has shown steady revenue growth over the years, with significant improvements in income metrics. The Gross Profit Margin has been strong, indicating efficient cost management. However, EBIT Margin dropped to zero in the most recent period, raising concerns about operational efficiency.

Balance Sheet

The company presents a solid balance sheet with zero total debt in the latest period, indicating financial stability. The Equity Ratio is healthy, and Return on Equity is strong, reflecting effective use of shareholder funds. Overall, the balance sheet shows low leverage and high equity, minimizing financial risks.

Cash Flow

The cash flow statement reveals robust operating cash flow, with positive Free Cash Flow in recent years. However, there is a decline in Free Cash Flow growth rate, and the operating cash flow to net income ratio has decreased, highlighting potential cash conversion issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	942.20M	885.32M	1.15B	901.16M	692.43M
Gross Profit	634.15M	299.64M	469.65M	336.00M	224.26M
EBITDA	303.15M	255.99M	402.28M	306.86M	200.98M
Net Income	211.80M	190.31M	306.78M	217.44M	127.94M
Balance Sheet
Total Assets	1.29B	1.17B	1.28B	1.07B	993.96M
Cash, Cash Equivalents and Short-Term Investments	158.15M	144.15M	174.40M	127.19M	137.90M
Total Debt	241.79M	207.31M	211.18M	206.94M	266.34M
Total Liabilities	540.87M	411.30M	496.58M	435.13M	449.39M
Stockholders Equity	753.88M	757.16M	780.32M	634.37M	544.57M
Cash Flow
Free Cash Flow	184.97M	187.17M	223.50M	192.00M	141.79M
Operating Cash Flow	240.64M	256.41M	289.74M	234.97M	161.08M
Investing Cash Flow	-57.39M	-67.65M	-66.22M	-44.23M	-19.22M
Financing Cash Flow	-172.50M	-205.58M	-172.58M	-201.76M	-111.75M

VAT Group AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 289.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:VACN, the sentiment is Negative. The current price of 289.2 is below the 20-day moving average (MA) of 329.61, below the 50-day MA of 327.12, and below the 200-day MA of 330.97, indicating a bearish trend. The MACD of -6.51 indicates Positive momentum. The RSI at 30.68 is Neutral, neither overbought nor oversold. The STOCH value of 4.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:VACN.

VAT Group AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BUCN	75 Outperform	CHF4.15B	18.30		2.73%	-11.73%	-35.55%
Sector *	71 Outperform	¥269.20B	13.89	8.47%	2.88%	6.35%	13.11%
KARN	70 Outperform	CHF2.37B	30.63		<0.01%	10.38%	18.74%
INRN	68 Neutral	CHF1.91B	30.58		1.39%	-5.25%	-6.32%
VACN	67 Neutral	$8.72B	39.02	32.09%	2.16%	19.22%	11.62%
GF	52 Neutral	CHF5.14B	18.55		2.15%	-24.42%	32.48%
SULZF	―	$6.78B	21.64	23.37%	0.02%	―	―

VAT Group AG Corporate Events

VAT Group AG Reports Strong First Half 2025 Results Amid Global Challenges

VAT Group AG reported strong sales growth in the first half of 2025, with a 24% increase in net sales compared to the previous year, despite global uncertainties. The company’s EBITDA rose by 22%, reflecting robust operational performance, particularly in the semiconductor and global service segments. VAT anticipates continued growth throughout 2025, driven by investments in semiconductor technologies and strong demand from Chinese OEMs, although challenges remain in the advanced industrials segment.

The most recent analyst rating on (CH:VACN) stock is a Buy with a CHF457.00 price target. To see the full list of analyst forecasts on VAT Group AG stock, see the CH:VACN Stock Forecast page.

VAT Group AG Announces Half-Year 2025 Results Conference

VAT Group AG will host a media and analysts conference call and webcast to discuss its half-year report for 2025. The event, led by CEO Urs Gantner and CFO Fabian Chiozza, will present detailed results for the first six months of 2025 and provide an outlook for the remainder of the year. This announcement is significant for stakeholders as it provides insights into the company’s performance and future prospects, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (CH:VACN) stock is a Buy with a CHF457.00 price target. To see the full list of analyst forecasts on VAT Group AG stock, see the CH:VACN Stock Forecast page.

VAT Group AG Updates Strategic Priorities and Financial Targets for 2025-2029

VAT Group AG has updated its strategic priorities and financial targets for 2025 to 2029, aiming for sustainable and profitable growth driven by digitalization trends and the demand for advanced semiconductors. The company expects sales growth in the low to mid-teens, with an EBITDA margin between 30% and 37%, and aims to expand its market share through technological advancements and a strong focus on customer relationships. Despite short-term market challenges, VAT remains well-positioned to benefit from the growing semiconductor market, with a revised sales target of CHF 1.5 to 1.7 billion for 2027.

The most recent analyst rating on (CH:VACN) stock is a Buy with a CHF457.00 price target. To see the full list of analyst forecasts on VAT Group AG stock, see the CH:VACN Stock Forecast page.

VAT Group AG Shareholders Approve Board Proposals and Dividend at 2025 General Meeting

At the 2025 General Meeting, VAT Group AG’s shareholders approved all proposals from the Board of Directors, including an unchanged dividend of CHF 6.25 per share. The meeting saw the re-election of Dr. Martin Komischke as Chairman and the election of new board members Clara-Ann Gordon and Mike Allison, while Karl Schlegel stepped down. The shareholders also approved various compensation reports and plans for the Executive Board and Board of Directors, reflecting confidence in the company’s governance and strategic direction.