Dottikon ES DESN.SW
SwitzerlandBasic Materials · ChemicalsSIX Swiss Exchange · CHF
356.50 CHF (+34.8%)
2 analysts
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Dottikon ES is a Swiss manufacturer of fine and specialty chemicals, focused on custom chemical synthesis for the pharmaceutical and agrochemical industries.
Listed on SIX Swiss Exchange · Symbol DESN.SW · SWX: DESN · Currency CHF
Key points
from its scores- ✓Very solid balance sheet8.7
- ✕Little or no dividend1.5
- ✕Poor share-price trend1.6
- ✕Demanding valuation2.6
AI analysis
bottom line, main risk, context and newsThe solid balance sheet position does not compensate for the demanding valuation and recent earnings deterioration.
Dottikon ES has a solid financial health with net cash (ND/EBITDA of -0.46) and an operating margin of 27%, but its valuation is demanding (P/E 35.31) and earnings growth is negative (-23.70%), which weighs on its attractiveness.
Negative free cash flow conversion (-19.88%) and negative earnings growth (-23.70%) suggest the business is under pressure, which may not justify the high valuation multiple.
Context and risks
Domiciled in Switzerland with moderate governance risk. The company has no material exposure to current macro factors (rates, energy, tariffs) given its net cash balance sheet and specialized chemical business.
Is Dottikon ES stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 111% above the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 35.3 | 19.2 | +84% |
| EV / EBITDA | 23.7 | 10.0 | +138% |
| Price / book | 3.3 | 2.3 | +47% |
| Price / sales | 8.3 | 2.2 | +278% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 2.6 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 356.50 CHF, +34.8% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 4.7 (sector 5.1), Growth 3.3 (sector 6.8).
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 Basic Materials medianValuation
- P/E
- 35.3
- Forward P/E
- 28.3
- EV / EBITDA
- 23.7
- Price / book
- 3.3
- Price / sales
- 8.3
- Market cap
- 3.7B CHF
- Enterprise value
- 3.6B CHF
Profitability
- ROE
- 9.9%
- ROA
- 5.5%
- ROIC (approx.)
- 9.7%
- Gross margin
- 61.2%
- Operating margin
- 27.0%
- Net margin
- 23.5%
- Free cash flow
- −30.0M CHF
- FCF yield
- −0.8%
- Cash conversion
- −20%
Solvency
- Total debt
- 130.0M CHF
- Net debt
- −70.0M CHF
- Cash
- 200.0M CHF
- EBITDA
- 151.1M CHF
- Net debt / EBITDA
- −0.46
- Debt / equity
- 11.85
- Current ratio
- 3.56
- Quick ratio
- 2.10
Growth
- Revenue growth
- +3.0%
- Earnings growth
- −23.7%
- EPS (TTM)
- 7.49 CHF
- EPS (forward)
- 9.33 CHF
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.01
- Analyst consensus
- Buy (2)
- Target price
- 356.50 CHF
- 52-week range
- 253.50 – 396.00
Recent news
All DESN.SW news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Dottikon ES
Is Dottikon ES stock cheap or expensive?
On P/E and EV / EBITDA, it trades 111% above the Basic Materials median on average. Valuation score: 2.6 out of 10 (median for Basic Materials: 5.8). Average analyst target: 356.50 CHF, +34.8% versus the price. This is not investment advice.
What score does Dottikon ES get on MeridIAn Screener?
It scores 4.3 out of 10, rank 1,916 of 2,130 (better than 9% of the companies analysed). Its strongest category is Financial health (8.7) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Dottikon ES's P/E ratio?
Its P/E is 35.3: the share price equals 35.3 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 28.3.
How much is Dottikon ES worth on the stock market?
Its market capitalisation is 3.7B CHF and its enterprise value, debt included, is 3.6B CHF.
How much debt does Dottikon ES have?
It has more cash than debt: net cash of 70.0M CHF.
Does Dottikon ES pay a dividend?
It pays no dividend, or almost none.
How has Dottikon ES stock performed over the last year?
It has fallen 14.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 253.50 and 396.00 CHF. Past performance does not guarantee future results.
What do analysts think of Dottikon ES?
2 analysts cover it; their average recommendation is “Buy” and their average target is 356.50 CHF (+34.8% versus the price). It is an estimate, not market data.