INFICON IFCN.SW
SwitzerlandTechnology · Scientific & Technical InstrumentsSIX Swiss Exchange · CHF
199.14 CHF (+3.8%)
9 analysts
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INFICON is a Swiss provider of precision instruments, sensors, and software for the semiconductor, vacuum, and gas analysis industries, with a business model based on proprietary technology and high recurring service revenue.
Listed on SIX Swiss Exchange · Symbol IFCN.SW · SWX: IFCN · Currency CHF
Key points
from its scores- ✓Good share-price trend9.5
- ✓High-quality business8.0
- ✓Strong growth8.0
- ✕Demanding valuation2.1
- ✕Unfavourable risk and backdrop3.5
AI analysis
bottom line, main risk, context and newsQuality and growth are outstanding, but the current valuation does not offer an attractive entry point; wait for a correction or an improvement in the forward P/E (33.46) before considering entry.
INFICON shows impeccable financial health (negative net debt, 18.91% operating margin) and exceptional quality (24.53% ROE, 25.87% ROIC), but its valuation is very demanding (60.31 P/E, 37.67 EV/EBITDA) and growth is already priced in (8.15 PEG). Momentum is very strong (9.49), but the margin of safety is limited.
The main risk is the extreme valuation (60.31 P/E, 37.67 EV/EBITDA) that leaves little room for any disappointment in growth or the semiconductor cycle, despite the strong competitive position.
Context and risks
INFICON operates in Switzerland, a jurisdiction with solid governance, but the assigned country risk profile (moderate) reflects some exposure to regulatory and market risks. Its precision instruments business for the semiconductor and vacuum industry is exposed to the cyclical demand of these sectors, although its balance sheet is very solid (negative net debt) and its 18.91% operating margin is healthy.
Is INFICON stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 89% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 60.3 | 31.3 | +93% |
| EV / EBITDA | 37.7 | 20.4 | +85% |
| Price / book | 13.2 | 6.3 | +110% |
| Price / sales | 7.7 | 5.3 | +47% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 2.1 out of 10 (median for Technology: 5.3).
Average analyst target: 199.14 CHF, +3.8% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 8.0 (sector 6.4), Growth 8.0 (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
- 60.3
- Forward P/E
- 33.5
- EV / EBITDA
- 37.7
- Price / book
- 13.2
- Price / sales
- 7.7
- PEG
- 8.15
- Market cap
- 4.7B CHF
- Enterprise value
- 5.6B USD
Profitability
- ROE
- 24.5%
- ROA
- 12.8%
- ROIC (approx.)
- 25.9%
- Gross margin
- 45.0%
- Operating margin
- 18.9%
- Net margin
- 13.5%
- Free cash flow
- 84.1M USD
- FCF yield
- 1.5%
- Cash conversion
- 57%
Solvency
- Total debt
- 105.1M USD
- Net debt
- −75.8M USD
- Cash
- 180.9M USD
- EBITDA
- 147.4M USD
- Net debt / EBITDA
- −0.51
- Debt / equity
- 25.37
- Current ratio
- 2.15
- Quick ratio
- 1.33
Growth
- Revenue growth
- +16.4%
- Earnings growth
- +28.1%
- EPS (TTM)
- 3.18 CHF
- EPS (forward)
- 5.73 CHF
Dividend
- Dividend yield
- 1.0%
- Payout
- 62.4%
Risk and market
- Beta
- 1.47
- Analyst consensus
- Buy (9)
- Target price
- 199.14 CHF
- 52-week range
- 91.20 – 204.50
Recent news
All IFCN.SW news →Compare it with its sector
All 283 in Technology →Frequently asked questions about INFICON
Is INFICON stock cheap or expensive?
On P/E and EV / EBITDA, it trades 89% above the Technology median on average. Valuation score: 2.1 out of 10 (median for Technology: 5.3). Average analyst target: 199.14 CHF, +3.8% versus the price. This is not investment advice.
What score does INFICON get on MeridIAn Screener?
It scores 6.0 out of 10, rank 991 of 2,130 (better than 51% of the companies analysed). Its strongest category is Momentum (9.5) and its weakest, Valuation (2.1). Analysis of 08/10/2026.
What is INFICON's P/E ratio?
Its P/E is 60.3: the share price equals 60.3 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 33.5.
How much is INFICON worth on the stock market?
Its market capitalisation is 4.7B CHF and its enterprise value, debt included, is 5.6B CHF.
How much debt does INFICON have?
It has more cash than debt: net cash of 75.8M USD.
Does INFICON pay a dividend?
Yes: its dividend yield is 1.04% and it pays out 62% of its earnings.
How has INFICON stock performed over the last year?
It has risen 94.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 91.20 and 204.50 CHF. Past performance does not guarantee future results.
What do analysts think of INFICON?
9 analysts cover it; their average recommendation is “Buy” and their average target is 199.14 CHF (+3.8% versus the price). It is an estimate, not market data.