Comet COTN.SW
SwitzerlandTechnology · Scientific & Technical InstrumentsSIX Swiss Exchange · CHF
517.80 CHF (+43.5%)
10 analysts
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Comet AG is a Swiss provider of X-ray inspection systems, radio frequency components, and quality control solutions for the semiconductor, electronics, and security industries.
Listed on SIX Swiss Exchange · Symbol COTN.SW · SWX: COTN · Currency CHF
Key points
from its scores- ✓Good share-price trend9.5
- ✓Strong growth7.1
- ✓Very solid balance sheet7.0
- ✕Unfavourable risk and backdrop3.0
- ✕Demanding valuation3.2
AI analysis
bottom line, main risk, context and newsStrong momentum and earnings growth are attractive, but the demanding valuation and weak cash generation limit upside potential in the short term.
Comet shows solid financial health (Net Debt/EBITDA of 0.41) and strong momentum (71.03), but its current valuation is demanding (P/E of 157.55) and its quality is mediocre (ROE of 4.96%, negative free cash flow conversion), suggesting the market is already pricing in future growth that is not yet reflected in the fundamentals.
The extremely demanding valuation (P/E of 157.55) leaves little room for error: any disappointment in earnings growth (33.10%) or cash conversion could trigger a sharp correction, especially in a cyclical sector like semiconductors.
Context and risks
No relevant recent news. The macro context of interest rates and commodities does not materially affect Comet: its X-ray inspection and quality control equipment business for semiconductors and electronics does not depend on energy or shipping routes, and its balance sheet is healthy (Net Debt/EBITDA of 0.41), so the rise in long-term rates has a negligible effect.
Is Comet stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 298% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 157.6 | 31.3 | +403% |
| EV / EBITDA | 59.7 | 20.4 | +192% |
| Price / book | 8.8 | 6.3 | +39% |
| Price / sales | 6.0 | 5.3 | +13% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.2 out of 10 (median for Technology: 5.3).
Average analyst target: 517.80 CHF, +43.5% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.7 (sector 6.4), Growth 7.1 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 157.6
- Forward P/E
- 24.1
- EV / EBITDA
- 59.7
- Price / book
- 8.8
- Price / sales
- 6.0
- PEG
- 1.45
- Market cap
- 2.8B CHF
- Enterprise value
- 2.8B CHF
Profitability
- ROE
- 5.0%
- ROA
- 4.0%
- ROIC (approx.)
- 9.8%
- Gross margin
- 39.0%
- Operating margin
- 8.5%
- Net margin
- 3.3%
- Free cash flow
- −17.0M CHF
- FCF yield
- −0.6%
- Cash conversion
- −36%
Solvency
- Total debt
- 89.1M CHF
- Net debt
- 19.3M CHF
- Cash
- 69.8M CHF
- EBITDA
- 47.4M CHF
- Net debt / EBITDA
- 0.41
- Debt / equity
- 27.82
- Current ratio
- 2.52
- Quick ratio
- 1.46
Growth
- Revenue growth
- +5.6%
- Earnings growth
- +33.1%
- EPS (TTM)
- 2.29 CHF
- EPS (forward)
- 15.00 CHF
Dividend
- Dividend yield
- 0.1%
- Payout
- 25.0%
Risk and market
- Beta
- 1.72
- Analyst consensus
- Strong buy (10)
- Target price
- 517.80 CHF
- 52-week range
- 174.30 – 452.20
Recent news
All COTN.SW news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Comet
Is Comet stock cheap or expensive?
On P/E and EV / EBITDA, it trades 298% above the Technology median on average. Valuation score: 3.2 out of 10 (median for Technology: 5.3). Average analyst target: 517.80 CHF, +43.5% versus the price. This is not investment advice.
What score does Comet get on MeridIAn Screener?
It scores 5.0 out of 10, rank 1,691 of 2,130 (better than 19% of the companies analysed). Its strongest category is Momentum (9.5) and its weakest, Risk & Context (3.0). Analysis of 08/10/2026.
What is Comet's P/E ratio?
Its P/E is 157.6: the share price equals 157.6 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 24.1.
How much is Comet worth on the stock market?
Its market capitalisation is 2.8B CHF and its enterprise value, debt included, is 2.8B CHF.
How much debt does Comet have?
Its net debt (debt minus cash) is 19.3M CHF. That is 0.41 times its EBITDA; the Technology median is 0.20.
Does Comet pay a dividend?
Yes: its dividend yield is 0.14% and it pays out 25% of its earnings.
How has Comet stock performed over the last year?
It has risen 79.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 174.30 and 452.20 CHF. Past performance does not guarantee future results.
What do analysts think of Comet?
10 analysts cover it; their average recommendation is “Strong buy” and their average target is 517.80 CHF (+43.5% versus the price). It is an estimate, not market data.