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Swiss maker of turbochargers and digital services for large marine and power-generation engines, spun off from ABB in 2022.
Swiss maker of turbochargers and digital services for large marine and power-generation engines, spun off from ABB in 2022.
Sells new turbochargers to engine makers, then earns repeatedly from service, spare parts and digital monitoring over the long life of the engines, so the installed base matters more than new-build orders. ABB separated it in 2022 through a distribution of shares to ABB shareholders.
In one line: A niche industrial spin-off, like a focused Cummins turbo unit.
Moat: narrow (installed base, switching costs, customer qualification). A large installed base of turbochargers locks in high-margin aftermarket service and spare-parts revenue.
Headquarters: Baden, Switzerland · Founded: 2022 · Employees: 3,219
Size Accelleron Industries (ACLN.SW) is a Switzerland Industrials company (Trucks/Construction/Farm Machinery) with a market value of $7.29B, the 44th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 63.45 on 6 Nov 2026.
Performance Over six months the shares fell 24.9%, against -8.8% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 13.2% over the last twelve months (peer median +8.6%); the operating margin is 24.7% (peer median 12.0%).
Valuation It trades at 25.1× forward earnings against a peer median of 16.1× (3rd most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 28.7 points above its cost of capital (5.0% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 1.10B | CHF 1.05B | CHF 901M | CHF 822M | CHF 745M |
| Revenue growth | — | +16% | +10% | +10% | — |
| Gross profit | CHF 487M | CHF 459M | CHF 415M | CHF 347M | CHF 337M |
| EBITDA | CHF 303M | CHF 282M | CHF 239M | CHF 149M | CHF 167M |
| Net income | CHF 212M | CHF 193M | CHF 150M | CHF 90.9M | CHF 117M |
| Free cash flow | CHF 168M | CHF 178M | CHF 156M | CHF 97.9M | CHF 94.5M |
| Capital expenditure | CHF 52.5M | CHF 48.8M | CHF 33.9M | CHF 32.5M | CHF 32.9M |
| Total debt | n/a | CHF 467M | CHF 472M | CHF 436M | CHF 325M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Accelleron Industries ACLN.SW | $7.29B | -25% | +13% | 25% | 25.1× | 3.5% |
| Mitsubishi Heavy Industries 7011.T | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% |
| Cummins CMI | $62.0B | -34% | +3% | 11% | 13.8× | 11.6% |
| Ihi 7013.T | $15.4B | -20% | +8% | 10% | 12.7× | 16.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ACLN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | -6.6% | 9th lowest of 21 |
| 6-month return | -24.9% | -8.8% | 7th lowest of 21 |
| Distance from 52-week high | -29.9% | -30.1% | 11th highest of 21 |
| Revenue growth (TTM) | +13.2% | +8.6% | 7th highest of 21 |
| Operating margin | 24.7% | 12.0% | 3rd highest of 21 |
| Forward P/E | 25.1× | 16.1× | 3rd most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 3.5% | 3.9% | 9th least demanding of 18 |
| Growth delivered (Del g) | +12.1% | +11.6% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | -8.6 pp | -7.6 pp | 8th least demanding of 18 |
| ROIC minus cost of capital | +28.7 pp | +10.2 pp | 6th highest of 19 |
| EV / EBITDA | 20.5× | 11.8× | 2nd most expensive of 16 |
| Net debt / EBITDA | 0.9× | 1.3× | 7th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Accelleron Industries ACLN.SW | Switzerland | $7.29B | -25% | +13% | 25% | 25.1× | 3.5% | +12.1% |
| Konecranes KCR.HE | Finland | $7.47B | +5% | -1% | 13% | 15.9× | 9.1% | +5.7% |
| Doosan 000150.KS | South Korea | $7.10B | -60% | +11% | 6% | 16.1× | 15.0% | +11.6% |
| Gaztransport & Technigaz GTT.PA | France | $7.50B | -13% | +9% | 64% | 16.1× | -3.1% | +15.2% |
| AGCO AGCO | United States | $7.61B | -6% | +1% | 6% | 17.1× | 10.5% | +2.0% |
| Mazagon Dock Shipbuilders MAZDOCK.NS | India | $7.87B | -31% | +8% | 15% | 30.5× | n/a | n/a |
| Babcock International BAB.L | United Kingdom | $6.60B | 0% | +7% | 6% | 15.4× | 13.2% | +5.5% |
| Weir WEIR.L | United Kingdom | $8.18B | -3% | +6% | 18% | 18.1× | 19.3% | +5.5% |
| Hitachi Construction Machinery 6305.T | Japan | $6.36B | -12% | +7% | 10% | 11.2× | 3.9% | +11.6% |
| Terex TEX | United States | $6.18B | -14% | +40% | 7% | 9.9× | 12.1% | +12.0% |
| Hyundai Rotem 064350.KS | South Korea | $5.75B | -73% | +12% | 15% | 9.7× | -4.0% | +16.0% |
| TKMS AG & Co. KGaA TKMS.DE | Germany | $5.57B | +8% | +15% | 5% | 39.8× | n/a | n/a |
| Alstom ALO.PA | France | $5.56B | -40% | +4% | 4% | n/a | 2.7% | +16.9% |
| Kongsberg Maritime KMAR.OL | Norway | $5.43B | -1% | +6% | 13% | 21.8× | 0.9% | +6.3% |
| Toro TTC | United States | $9.92B | +10% | +5% | 11% | 21.2× | 5.6% | +6.0% |
| SamsungHvyInd 010140.KS | South Korea | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% | +11.4% |
| Fincantieri FCT.MI | Italy | $4.98B | +3% | -1% | 0% | 21.5× | 1.2% | +9.1% |
| Hanwha Ocean 042660.KS | South Korea | $10.7B | -64% | +18% | 13% | 8.7× | -12.4% | +13.2% |
| Ashok Leyland ASHOKLEY.NS | India | $10.7B | +1% | +16% | 17% | 24.8× | n/a | n/a |
| Seatrium 5E2.SI | Singapore | $4.77B | -19% | +11% | 4% | 13.0× | 4.0% | +50.0% |
| Zhejiang Dingli Machinery 603338.SS | China | $4.57B | +9% | +29% | 22% | 14.8× | 1.6% | +23.7% |