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Alcon AG
SIX:ALC

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Alcon AG
SIX:ALC
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Price: 58.38 CHF -1.85% Market Closed
Market Cap: CHf29.2B

P/E

36.4
Current
12%
Cheaper
vs 3-y average of 41.2

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
36.4
=
Market Cap
CHf29.4B
/
Net Income
$980m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
36.4
=
Market Cap
CHf29.4B
/
Net Income
$980m

Valuation Scenarios

Alcon AG is trading below its 3-year average

If P/E returns to its 3-Year Average (41.2), the stock would be worth CHf66.08 (13% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-41%
Maximum Upside
+23%
Average Downside
1%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 36.4 CHf58.38
0%
3-Year Average 41.2 CHf66.08
+13%
5-Year Average 44.7 CHf71.65
+23%
Industry Average 37.1 CHf59.59
+2%
Country Average 21.4 CHf34.38
-41%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
CHf29.4B
/
Jan 2026
$980m
=
36.4
Current
CHf29.4B
/
Dec 2026
$1.7B
=
17.2
Forward
CHf29.4B
/
Dec 2027
$2B
=
14.9
Forward
CHf29.4B
/
Dec 2028
$2.2B
=
13.1
Forward
CHf29.4B
/
Dec 2029
$2.6B
=
11.5
Forward
CHf29.4B
/
Dec 2030
$2.8B
=
10.4
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

Higher than 79% of companies in Switzerland
Percentile
79th
Based on 909 companies
79th percentile
36.4
Low
0.2 — 16.5
Typical Range
16.5 — 29.9
High
29.9 —
Distribution Statistics
Switzerland
Min 0.2
30th Percentile 16.5
Median 21.4
70th Percentile 29.9
Max 546

Alcon AG
Glance View

Alcon AG, headquartered in Geneva, Switzerland, emerges as a global leader in eye care, having spun off from Novartis in 2019 to operate independently. The company traces its roots back to a small pharmacy established in Fort Worth, Texas, in 1945, gradually expanding under the strategic vision of its founders. Today, Alcon stands at the intersection of innovation and necessity, catering to a world increasingly aware of eye health. The firm specializes in two main sectors: Surgical and Vision Care. In the Surgical division, Alcon offers advanced technologies and devices for ophthalmic surgery, encompassing cataract, retinal, and refractive procedures. Through these innovations, Alcon not only enhances patient outcomes but also streamlines operations for eye care professionals, carving out a significant market share in surgical solutions. Meanwhile, the Vision Care segment thrives by addressing the burgeoning demand for contact lenses and ocular health products. Alcon’s portfolio features daily disposable and reusable lenses, supported by innovative technologies that prioritize comfort and clarity of vision. Additionally, the company provides comprehensive eye care products, including lens care solutions, which enhance user satisfaction and ensure sustained demand. Alcon’s revenue model hinges on its ability to deliver cutting-edge products that meet the evolving needs of consumers and professionals alike. Through strategic investments in research and development and a strong distribution network, Alcon perpetually reinforces its market presence, securing its position as a formidable player in the eye care industry.

ALC Intrinsic Value
59.96 CHF
Undervaluation 3%
Intrinsic Value
Price CHf58.38
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