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⚠️ Not investment advice. Past performance does not guarantee future results.
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Sonova SOON.SW

Switzerland Healthcare
6.1/10
AI Analyst score
247.20 CHF
Last price at analysis date · analyst target 234.89 (-5.0%)
🛒 Where to buy SOON.SWPartner brokers · Switzerland · sample 200.00 € orderSwitzerland
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🟡 HOLD — Hold; quality is high but valuation already discounts good expectations, and free cash flow conversion deserves monitoring.

Sonova is a Swiss leader in hearing solutions, designing, developing, and marketing hearing aids, cochlear implants, and related accessories through brands such as Phonak and Unitron. Sonova shows solid financial health (ND/EBITDA 1.18) and a robust competitive moat (ROE 20.52%, gross margin 73.72%), although its valuation is demanding (P/E 27.44) and free cash flow conversion is weak (41.12%). Momentum is positive (99th percentile in 52-week range).

Financial health
7.3
Quality / Moat
7.3
Valuation
4.5
Dividend
6.3
Momentum
6.2
Risk & Context
5.2

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E27.44
Fwd P/E20.68
EV/EBITDA18.21
P/B5.62
P/S4.07
PEG1.38
Market cap14.68 B CHF
Enterprise value15.33 B CHF
🏰 Quality and moat
ROIC (approx.)16.3%
Gross margin73.72%
FCF conversion41%
Operating margin19.55%
📈 Profitability and margins
ROE20.52%
ROA7.63%
Net margin11.94%
FCF346.1 M CHF
FCF yield2.36%
🏦 Solvency and liquidity
Total debt1.71 B CHF
Net debt989.7 M CHF
Cash722.0 M CHF
EBITDA841.5 M CHF
Net debt / EBITDA1.18
D/E64.94
Current ratio1.75
Quick ratio1.16
🚀 Growth
Revenue growthN/D
Earnings growthN/D
EPS (TTM)9.01 CHF
EPS (Fwd)11.96 CHF
💰 Dividend and risk
Dividend yield1.90%
Payout48.8%
Beta1.11
Analyst consensusHold (19)
Target price234.89 CHF
52-week range163.00 CHF – 248.00 CHF
⚠️ Main risk: Free cash flow conversion of 41.12% is low for the sector, which could limit reinvestment capacity or dividend sustainability if growth decelerates.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Sonova is a Swiss leader in hearing solutions, designing, developing, and marketing hearing aids, cochlear implants, and related accessories through brands such as Phonak and Unitron. Sonova shows solid financial health (ND/EBITDA 1.18) and a robust competitive moat (ROE 20.52%, gross margin 73.72%), although its valuation is demanding (P/E 27.44) and free cash flow conversion is weak (41.12%). Momentum is positive (99th percentile in 52-week range).

Score by category

CategoryScore
Financial health7.3
Quality / Moat7.3
Valuation4.5
Dividend6.3
Momentum6.2
Risk & Context5.2

OVERALL SCORE: 6.1/10

Context and risks

Moderate governance/regulatory risk in Switzerland. No material exposure to rates, oil, or geopolitics; the hearing aid business is defensive and does not depend on shipping routes or commodities.

News considered in the analysis

  • Bernstein unveils top European medtech stock picks to buy for H2 — Recomendación de analista de primer nivel; puede atraer flujo de compra, pero no cambia los fundamentales.
  • IART vs. SONVY: Which Stock Is the Better Value Option? — Comparativa genérica de valor entre dos valores, sin información nueva sobre Sonova.
  • IART or SONVY: Which Is the Better Value Stock Right Now? — Listículo de comparación de valor, sin información nueva.
  • Sonova Holding AG (SONVF) Full Year 2026 Earnings Call Highlights: Strong Growth Amidst Market ... — Resultados anuales con crecimiento sólido; refuerza la tesis de calidad, aunque el mercado ya lo ha descontado parcialmente.
  • GMED vs. SONVY: Which Stock Is the Better Value Option? — Comparativa genérica de valor, sin información nueva.

Verdict: Hold; quality is high but valuation already discounts good expectations, and free cash flow conversion deserves monitoring.

Main risk: Free cash flow conversion of 41.12% is low for the sector, which could limit reinvestment capacity or dividend sustainability if growth decelerates.

Other Healthcare companies

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.