tiprankstipranks
Trending News
More News >
VAT Group AG (CH:VACN)
:VACN
Advertisement

VAT Group AG (VACN) AI Stock Analysis

Compare
2 Followers

Top Page

CH:VACN

VAT Group AG

(OTC:VACN)

Rating:67Neutral
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 (VACN) vs. iShares MSCI Switzerland ETF (EWL)

VAT Group AG Business Overview & Revenue Model

Company DescriptionVAT 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 MoneyVAT 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 Earnings Call Summary

Earnings Call Date:Jul 23, 2025
(Q4-2024)
|
% Change Since: -12.42%|
Next Earnings Date:Mar 03, 2026
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment overall, with significant growth and strategic achievements in the semiconductor market, strong financial metrics, and an increased market share. These highlights outweigh the challenges faced in the non-semi segment, geopolitical risks, and ERP implementation hurdles. The company's readiness for future growth and its record spec wins further bolster the positive outlook.
Q4-2024 Updates
Positive Updates
Return to Growth in 2024
VAT experienced a growth year in the semiconductor market, with orders up 84% and sales up 22%. This growth was achieved despite an unfavorable shift in wafer fab equipment spend.
Strong Financial Performance
VAT delivered a gross profit margin of over 66% and an EBITDA margin of 31.2%, even with continued investments in infrastructure and record levels of R&D.
Record Spec Wins
In 2024, VAT achieved 132 spec wins, a new record, demonstrating customer centricity and innovation. These wins will turn into sales over the next three to five years.
Market Share Increase
VAT increased its market share in the semiconductor segment by 2 percentage points, reaching 77%.
Expansion and Readiness for Growth
VAT's 1B plant in Malaysia is operational with a run rate near CHF 500 million, and a new facility in Romania is underway, indicating readiness for additional growth.
Negative Updates
Challenges in the Non-Semiconductor Segment
Advanced Industrial (ADV) segment experienced slowed performance, especially in the solar market, which was close to zero last year.
Geopolitical and Market Volatility
The market and political environment remains uncertain, requiring VAT to stay flexible in servicing customers amid geopolitical tensions and market volatility.
ERP Implementation Challenges
The ERP implementation in Switzerland required significant effort and led to a temporary production stoppage, although it has now been successfully completed.
Company Guidance
During the call, VAT Group provided guidance for fiscal year 2025, emphasizing significant revenue growth driven by a 22% increase in semiconductor sales and an 84% rise in orders. The company achieved a gross profit margin of over 66% and an EBITDA margin of 31.2%, despite record R&D investments. VAT Group highlighted a return to growth in 2024 and expects continued expansion, supported by a strong market position and strategic investments in infrastructure, including a new facility in Romania and an innovation center set to open in May. The company anticipates a robust 2025, with sales expected between CHF 275 million and CHF 295 million for the first quarter. VAT Group remains optimistic about long-term growth, projecting the semiconductor market to reach USD 1 trillion by 2030, with wafer fab equipment growing to USD 150 billion.

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
75
Positive
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
80
Positive
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
70
Positive
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue942.20M885.32M1.15B901.16M692.43M
Gross Profit634.15M299.64M469.65M336.00M224.26M
EBITDA303.15M255.99M402.28M306.86M200.98M
Net Income211.80M190.31M306.78M217.44M127.94M
Balance Sheet
Total Assets1.29B1.17B1.28B1.07B993.96M
Cash, Cash Equivalents and Short-Term Investments158.15M144.15M174.40M127.19M137.90M
Total Debt241.79M207.31M211.18M206.94M266.34M
Total Liabilities540.87M411.30M496.58M435.13M449.39M
Stockholders Equity753.88M757.16M780.32M634.37M544.57M
Cash Flow
Free Cash Flow184.97M187.17M223.50M192.00M141.79M
Operating Cash Flow240.64M256.41M289.74M234.97M161.08M
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 Price289.20
Price Trends
50DMA
327.12
Negative
100DMA
316.79
Negative
200DMA
330.97
Negative
Market Momentum
MACD
-6.51
Positive
RSI
30.68
Neutral
STOCH
4.44
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

Overall Rating
UnderperformOutperform
Sector (71)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
CHF4.15B18.30
2.73%-11.73%-35.55%
71
Outperform
¥269.20B13.898.47%2.88%6.35%13.11%
70
Outperform
CHF2.37B30.63
<0.01%10.38%18.74%
68
Neutral
CHF1.91B30.58
1.39%-5.25%-6.32%
67
Neutral
$8.72B39.0232.09%2.16%19.22%11.62%
52
Neutral
CHF5.14B18.55
2.15%-24.42%32.48%
$6.78B21.6423.37%0.02%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CH:VACN
VAT Group AG
289.20
-127.17
-30.54%
CH:KARN
Kardex AG
308.00
77.94
33.88%
CH:INRN
Interroll Holding AG
2,420.00
-285.69
-10.56%
CH:BUCN
Bucher Industries AG
403.50
62.82
18.44%
CH:GF
Georg Fischer AG
62.80
0.83
1.34%
SULZF
Sulzer AG
196.42
53.15
37.10%

VAT Group AG Corporate Events

VAT Group AG Reports Strong First Half 2025 Results Amid Global Challenges
Jul 23, 2025

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
Jul 16, 2025

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
May 20, 2025

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
Apr 29, 2025

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.

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.Date of analysis: Jul 24, 2025