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Swiss industrial group making agricultural machinery (Kuhn), municipal vehicles, hydraulics and glass-forming equipment.
Swiss industrial group making agricultural machinery (Kuhn), municipal vehicles, hydraulics and glass-forming equipment.
Sells machinery through dealer networks and directly, with farm equipment from Kuhn, a French maker of tillage, mowing and spreading machines, the largest division and buyers cycling their purchases around farm income. Glass-forming machinery, municipal vehicles and hydraulics have their own cycles, so group results blend several unrelated markets.
In one line: A diversified Swiss industrial conglomerate.
Moat: narrow (brand, distribution, installed base). Strong Kuhn dealer network plus niche leadership in glass-forming machinery.
Headquarters: Niederweningen, Switzerland · Founded: 1807 · Employees: 14,198
Size Bucher Industries (BUCN.SW) is a Switzerland Industrials company (Trucks/Construction/Farm Machinery) with a market value of $3.93B, the 66th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 327.00 on 6 Nov 2026.
Performance Over six months the shares gained 4.1%, against -16.2% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 4.1% over the last twelve months (peer median +11.1%); the operating margin is 7.3% (peer median 7.3%).
Valuation It trades at 19.1× forward earnings against a peer median of 13.5× (8th 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 +1%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.1 points above its cost of capital (5.3% WACC).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 2.85B | CHF 2.91B | CHF 3.16B | CHF 3.57B | CHF 3.60B |
| Revenue growth | — | -8% | -12% | -1% | — |
| Gross profit | CHF 531M | CHF 557M | CHF 637M | CHF 829M | CHF 819M |
| EBITDA | CHF 300M | CHF 296M | CHF 348M | CHF 476M | CHF 488M |
| Net income | CHF 180M | CHF 235M | CHF 227M | CHF 352M | CHF 331M |
| Free cash flow | CHF 200M | CHF 311M | CHF 201M | CHF 115M | CHF 70.0M |
| Capital expenditure | CHF 108M | CHF 110M | CHF 152M | CHF 142M | CHF 97.0M |
| Total debt | n/a | CHF 23.3M | CHF 30.6M | CHF 134M | CHF 122M |
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 |
|---|---|---|---|---|---|---|
| Bucher Industries BUCN.SW | $3.93B | +4% | -4% | 7% | 19.1× | -2.9% |
| Deere & DE | $181B | +17% | +8% | 20% | 32.0× | 16.2% |
| CNH Industrial CNH | $14.3B | +5% | +1% | 13% | 21.1× | 7.4% |
| Kubota 6326.T | $18.2B | 0% | +13% | 11% | 10.0× | 7.5% |
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 | BUCN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.2% | -3.5% | 7th highest of 21 |
| 6-month return | +4.1% | -16.2% | 6th highest of 21 |
| Distance from 52-week high | -16.5% | -29.9% | 6th highest of 21 |
| Revenue growth (TTM) | -4.1% | +11.1% | 2nd lowest of 21 |
| Operating margin | 7.3% | 7.3% | 11th highest of 21 |
| Forward P/E | 19.1× | 13.5× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -2.9% | 1.3% | 5th least demanding of 17 |
| Growth delivered (Del g) | +1.2% | +10.8% | 2nd lowest of 17 |
| Hurdle (Req g minus delivered) | -4.2 pp | -12.0 pp | 5th most demanding of 17 |
| ROIC minus cost of capital | +6.1 pp | -0.4 pp | 7th highest of 19 |
| EV / EBITDA | 9.8× | 10.8× | 6th cheapest of 12 |
| Net debt / EBITDA | -0.9× | 0.9× | 4th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bucher Industries BUCN.SW | Switzerland | $3.93B | +4% | -4% | 7% | 19.1× | -2.9% | +1.2% |
| Stadler Rail SRAIL.SW | Switzerland | $3.84B | +38% | +26% | 5% | 19.8× | 0.2% | +3.6% |
| CSSC Offshore & Marine Engineering (Group) 0317.HK | Hong Kong | $4.04B | -22% | +10% | 1% | 9.6× | 1.5% | +11.3% |
| Doosan Bobcat 241560.KS | South Korea | $3.64B | -28% | +11% | 9% | 9.0× | -13.3% | +15.5% |
| Hiab HIAB.HE | Finland | $3.52B | -5% | +6% | 12% | 16.9× | 15.5% | -13.7% |
| Cochin Shipyard COCHINSHIP.NS | India | $3.40B | -33% | -1% | 13% | 34.3× | n/a | n/a |
| Zhejiang Dingli Machinery 603338.SS | China | $4.57B | +9% | +29% | 22% | 14.8× | 1.6% | +23.7% |
| Tiandi Science & Technology 600582.SS | China | $3.30B | -6% | -6% | 4% | 10.4× | n/a | n/a |
| China Railway Construction Heavy Industry 688425.SS | China | $3.29B | -13% | -1% | 12% | 12.4× | 1.9% | +5.7% |
| Seatrium 5E2.SI | Singapore | $4.77B | -19% | +11% | 4% | 13.0× | 4.0% | +50.0% |
| CITIC Heavy Industries 601608.SS | China | $3.15B | -24% | +5% | 4% | 45.9× | 14.5% | +5.1% |
| Fincantieri FCT.MI | Italy | $4.98B | +3% | -1% | 0% | 21.5× | 1.2% | +9.1% |
| Modec 6269.T | Japan | $3.03B | -46% | +17% | 9% | 7.7× | -21.3% | +18.6% |
| Construcciones y Auxiliar de Ferrocarriles CAF.MC | Spain | $2.92B | +21% | +12% | 6% | 13.5× | 1.0% | +10.2% |
| Craftsman Automation CRAFTSMAN.NS | India | $2.90B | +21% | +36% | 10% | 44.5× | n/a | n/a |
| Kongsberg Maritime KMAR.OL | Norway | $5.43B | -1% | +6% | 13% | 21.8× | 0.9% | +6.3% |
| Sany Heavy Equipment International 0631.HK | Hong Kong | $2.82B | -46% | +19% | 6% | 8.9× | 1.4% | +26.1% |
| Hd Ce 267270.KS | South Korea | $2.80B | -56% | +115% | 8% | 8.6× | -9.6% | +9.6% |
| Alstom ALO.PA | France | $5.56B | -40% | +4% | 4% | n/a | 2.7% | +16.9% |
| TKMS AG & Co. KGaA TKMS.DE | Germany | $5.57B | +8% | +15% | 5% | 39.8× | n/a | n/a |
| Hyundai Rotem 064350.KS | South Korea | $5.75B | -73% | +12% | 15% | 9.7× | -4.0% | +16.0% |