Added to YB: 2025-10-23
Pitch date: 2025-10-21
VACN.SW [bullish]
VAT Group AG
+17.16%
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 335.00
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 AG (VACN Switzerland): Waiting for the next semiconductor upcycle to open the valves
VACN.SW (quick overview): Semiconductor equipment play facing Q3/Q4 order softness but positioned for 2026 upcycle. 2nm transition boosts valve intensity, memory AI demand creates supply imbalance driving capex. 90% advanced logic utilization vs <70% mature nodes. China mid-single digit growth. Thesis unchanged: endure lull, capture next wave of semicon capital intensity by late Q1/Q2 2026.
Read full article (2 min)