Alcon AG
SIX:ALC

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Alcon AG
SIX:ALC
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Price: 69.5 CHF -0.8% Market Closed
Market Cap: 34.7B CHF

Relative Value

The Relative Value of one ALC stock under the Base Case scenario is 93.96 CHF. Compared to the current market price of 69.5 CHF, Alcon AG is Undervalued by 26%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ALC Relative Value
Base Case
93.96 CHF
Undervaluation 26%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
60
vs Industry
27
Median 3Y
4.3
Median 5Y
4.5
Industry
2.2
Forward
4
vs History
73
vs Industry
11
Median 3Y
50.5
Median 5Y
44.7
Industry
21.9
Forward
25.5
vs History
98
vs Industry
16
Median 3Y
26.9
Median 5Y
28.2
Industry
14
vs History
80
vs Industry
9
Median 3Y
52
Median 5Y
51
Industry
19.7
vs History
46
vs Industry
39
Median 3Y
2
Median 5Y
1.9
Industry
2.1
vs History
60
vs Industry
24
Median 3Y
4.7
Median 5Y
4.8
Industry
2.3
Forward
4.3
vs History
66
vs Industry
24
Median 3Y
8.6
Median 5Y
8.9
Industry
4.8
vs History
85
vs Industry
18
Median 3Y
18.8
Median 5Y
19.1
Industry
11.5
Forward
16.2
vs History
80
vs Industry
12
Median 3Y
38.2
Median 5Y
39.3
Industry
15.7
Forward
21.6
vs History
96
vs Industry
16
Median 3Y
29.6
Median 5Y
30.8
Industry
14
vs History
76
vs Industry
12
Median 3Y
40.1
Median 5Y
77.2
Industry
17.4
vs History
39
vs Industry
41
Median 3Y
1.6
Median 5Y
1.5
Industry
1.8

Multiples Across Competitors

ALC Competitors Multiples
Alcon AG Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CH
Alcon AG
SIX:ALC
34.4B CHF 4.2 37.5 17.3 32.7
JP
Hoya Corp
TSE:7741
5.9T JPY 6.8 29.1 17.9 21.3
DK
Coloplast A/S
CSE:COLO B
135.8B DKK 4.9 29.9 17.3 20.4
US
Align Technology Inc
NASDAQ:ALGN
13.2B USD 3.3 32.1 15.3 18.8
UK
ConvaTec Group PLC
LSE:CTEC
5.8B GBP 3.4 40.7 209.9 343.3
CH
Ypsomed Holding AG
SIX:YPSN
5.5B CHF 7.3 62.6 30.1 51.5
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
45.9B CNY 13 32.9 28.4 28.4
US
Merit Medical Systems Inc
NASDAQ:MMSI
5.5B USD 4 44.9 20.7 36.2
US
Lantheus Holdings Inc
NASDAQ:LNTH
5.5B USD 3.6 21.5 9.9 11.3
KR
HLB Inc
KOSDAQ:028300
6.6T KRW 88.4 -35 -62.1 -58.7
JP
Asahi Intecc Co Ltd
TSE:7747
613.9B JPY 5.2 58.3 14.8 20.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CH
Alcon AG
SIX:ALC
Average EV/EBITDA: 38.2
17.3
10%
1.7
JP
Hoya Corp
TSE:7741
17.9
9%
2
DK
Coloplast A/S
CSE:COLO B
17.3
9%
1.9
US
Align Technology Inc
NASDAQ:ALGN
15.3
15%
1
UK
ConvaTec Group PLC
LSE:CTEC
209.9
11%
19.1
CH
Ypsomed Holding AG
SIX:YPSN
30.1
31%
1
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
28.4
18%
1.6
US
Merit Medical Systems Inc
NASDAQ:MMSI
20.7
12%
1.7
US
Lantheus Holdings Inc
NASDAQ:LNTH
9.9
21%
0.5
KR
H
HLB Inc
KOSDAQ:028300
Negative Multiple: -62.1 N/A N/A
JP
A
Asahi Intecc Co Ltd
TSE:7747
14.8
11%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CH
Alcon AG
SIX:ALC
Average EV/EBIT: 58.4
32.7
25%
1.3
JP
Hoya Corp
TSE:7741
21.3
N/A N/A
DK
Coloplast A/S
CSE:COLO B
20.4
9%
2.3
US
Align Technology Inc
NASDAQ:ALGN
18.8
17%
1.1
UK
ConvaTec Group PLC
LSE:CTEC
343.3
22%
15.6
CH
Ypsomed Holding AG
SIX:YPSN
51.5
40%
1.3
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
28.4
16%
1.8
US
Merit Medical Systems Inc
NASDAQ:MMSI
36.2
28%
1.3
US
Lantheus Holdings Inc
NASDAQ:LNTH
11.3
22%
0.5
KR
H
HLB Inc
KOSDAQ:028300
Negative Multiple: -58.7 N/A N/A
JP
A
Asahi Intecc Co Ltd
TSE:7747
20.2
N/A N/A