Added to YB: 2025-10-20
Pitch date: 2025-10-16
VACN.SW [bullish]
VAT Group AG
+15.45%
current return
Author Info
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Company Info
VAT Group AG, together with its subsidiaries, develops, manufactures, and sells vacuum and gas inlet valves, multi-valve modules, motion components, and edge-welded metal bellows.
Market Cap
CHF 10.1B
Pitch Price
CHF 338.60
Price Target
N/A
Dividend
1.85%
EV/EBITDA
32.78
P/E
45.44
EV/Sales
9.90
Sector
Machinery
Category
turnaround
VAT Group (VACN Switzerland): Short-term softness, long-term thesis intact
VACN.SW (quick overview): Q3 orders/sales below expectations as chipmakers remain cautious on capex. Book-to-bill under parity but management maintains full-year targets. Well-positioned for structural shift to advanced nodes & gate-all-around architectures increasing content per tool. Service biz (21%+ sales) provides stability. High op leverage should drive earnings recovery when industry orders resume 2026.
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