The Discounted Cash Flow (DCF) valuation of Ascom Holding AG (ASCN.SW) is 3.51 CHF. With the latest stock price at 3.90 CHF, the upside of Ascom Holding AG based on DCF is -10%.
Based on the latest price of 3.90 CHF and our DCF valuation, Ascom Holding AG (ASCN.SW) is a sell. Selling ASCN.SW stocks now will result in a potential gain of 10%.
Range | Selected | |
WACC / Discount Rate | 4.0% - 5.5% | 4.8% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 2.42 - 8.36 | 3.51 |
Upside | -37.8% - 114.4% | -10.0% |
(CHF in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 287 | 300 | 307 | 320 | 334 | 347 |
% Growth | 4% | 5% | 2% | 4% | 4% | 4% |
Cost of goods sold | (153) | (161) | (164) | (171) | (179) | (186) |
% of Revenue | 54% | 54% | 54% | 54% | 54% | 54% |
Selling, G&A expenses | (97) | (102) | (104) | (108) | (113) | (117) |
% of Revenue | 34% | 34% | 34% | 34% | 34% | 34% |
Research & Development | (29) | (30) | (31) | (32) | (33) | (35) |
% of Revenue | 10% | 10% | 10% | 10% | 10% | 10% |
Net interest & other expenses | (1) | (1) | (1) | (2) | (2) | (2) |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Tax expense | (3) | (1) | (1) | (2) | (2) | (2) |
Tax rate | 42% | 22% | 22% | 22% | 22% | 22% |
Net profit | 4 | 5 | 5 | 6 | 6 | 6 |
% Margin | 1% | 2% | 2% | 2% | 2% | 2% |