OC Oerlikon OERL.SW
SwitzerlandIndustrials · Specialty Industrial MachinerySIX Swiss Exchange · CHF
5.69 CHF (−0.9%)
5 analysts
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OC Oerlikon is a Swiss industrial group that designs and manufactures surface systems, coating solutions, and textile machinery, selling to sectors such as automotive, aerospace, tools, and energy.
Listed on SIX Swiss Exchange · Symbol OERL.SW · SWX: OERL · Currency CHF
Key points
from its scores- ✓Good share-price trend9.8
- ✕Little or no dividend2.8
- ✕Weak growth3.8
- ✕Fragile balance sheet4.7
AI analysis
bottom line, main risk, context and newsThe valuation is not attractive given the leverage and weak earnings generation; wait for confirmation of improved growth and debt reduction before taking a position.
OC Oerlikon shows fragile financial health (Net Debt/EBITDA of 3.67) and average quality (ROE of 3.29%), with stagnant revenue growth (0.50%). The forward P/E of 18.99 suggests recovery expectations, but the payout ratio of 222.22% is unsustainable and the rising rate environment adds pressure on its debt.
The main risk is the high leverage (Net Debt/EBITDA of 3.67) in a rising interest rate environment, which makes refinancing more expensive and limits financial flexibility, especially if the cyclical business does not recover.
Context and risks
OC Oerlikon operates in Switzerland, a country with solid institutions and minority shareholder protection, but its industrial business is exposed to global cyclical demand and interest rate developments. The rise in long-term rates and a stronger dollar pressure machinery manufacturers with high debt, such as Oerlikon, which has a Net Debt/EBITDA of 3.67. Exposure to emerging markets and the global supply chain adds moderate geopolitical risk, although no material specific regulatory or legal risk is identified.
Is OC Oerlikon stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 70% above the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 63.8 | 25.4 | +151% |
| EV / EBITDA | 13.0 | 14.5 | −11% |
| Price / book | 1.6 | 4.1 | −61% |
| Price / sales | 1.2 | 2.1 | −42% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.7 out of 10 (median for Industrials: 5.0).
Average analyst target: 5.69 CHF, −0.9% 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 5.8), Growth 3.8 (sector 6.6).
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 Industrials medianValuation
- P/E
- 63.8
- Forward P/E
- 19.0
- EV / EBITDA
- 13.0
- Price / book
- 1.6
- Price / sales
- 1.2
- PEG
- 0.41
- Market cap
- 1.9B CHF
- Enterprise value
- 2.6B CHF
Profitability
- ROE
- 3.3%
- ROA
- 1.8%
- ROIC (approx.)
- 6.4%
- Gross margin
- 30.9%
- Operating margin
- 9.1%
- Net margin
- 21.4%
- Free cash flow
- 375.8M CHF
- FCF yield
- 20.1%
- Cash conversion
- 184%
Solvency
- Total debt
- 1.1B CHF
- Net debt
- 748.0M CHF
- Cash
- 306.0M CHF
- EBITDA
- 204.0M CHF
- Net debt / EBITDA
- 3.67
- Debt / equity
- 87.32
- Current ratio
- 2.23
- Quick ratio
- 1.45
Growth
- Revenue growth
- +0.5%
- EPS (TTM)
- 0.09 CHF
- EPS (forward)
- 0.30 CHF
Dividend
- Dividend yield
- 3.5%
- Payout
- 222.2%
Risk and market
- Beta
- 0.99
- Analyst consensus
- Buy (5)
- Target price
- 5.69 CHF
- 52-week range
- 2.67 – 5.99
Recent news
All OERL.SW news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about OC Oerlikon
Is OC Oerlikon stock cheap or expensive?
On P/E and EV / EBITDA, it trades 70% above the Industrials median on average. Valuation score: 4.7 out of 10 (median for Industrials: 5.0). Average analyst target: 5.69 CHF, −0.9% versus the price. This is not investment advice.
What score does OC Oerlikon get on MeridIAn Screener?
It scores 5.0 out of 10, rank 1,706 of 2,130 (better than 19% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (2.8). Analysis of 08/10/2026.
What is OC Oerlikon's P/E ratio?
Its P/E is 63.8: the share price equals 63.8 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 19.0.
How much is OC Oerlikon worth on the stock market?
Its market capitalisation is 1.9B CHF and its enterprise value, debt included, is 2.6B CHF.
How much debt does OC Oerlikon have?
Its net debt (debt minus cash) is 748.0M CHF. That is 3.67 times its EBITDA; the Industrials median is 1.58.
Does OC Oerlikon pay a dividend?
Yes: its dividend yield is 3.48% and it pays out 222% of its earnings.
How has OC Oerlikon stock performed over the last year?
It has risen 177.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 2.67 and 5.99 CHF. Past performance does not guarantee future results.
What do analysts think of OC Oerlikon?
5 analysts cover it; their average recommendation is “Buy” and their average target is 5.69 CHF (−0.9% versus the price). It is an estimate, not market data.