Employees: 3,167
Size Komax (KOMN.SW) is a Switzerland Industrials company (Industrial Machinery) with a market value of $462M, the 140th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 73.60 on 6 Nov 2026.
Performance Over six months the shares gained 31.2%, against -29.1% for the median peer and +11.6% for the Switzerland market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue fell 2.7% over the last twelve months (peer median +2.9%); the operating margin is 0.4% (peer median 1.9%).
Valuation It trades at 33.0× forward earnings against a peer median of 16.2× (3rd most expensive of 9).
Price implies For today's price to make sense, revenue must grow about 47% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +35 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.6 points below its cost of capital (5.0% WACC).
Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 566M | CHF 574M | CHF 622M | CHF 743M | CHF 599M |
| Revenue growth | — | -8% | -16% | +24% | — |
| Gross profit | CHF 75.7M | CHF 150M | CHF 166M | CHF 227M | CHF 192M |
| EBITDA | CHF 21.9M | CHF 22.1M | CHF 29.5M | CHF 75.4M | CHF 84.9M |
| Net income | -CHF 9.37M | -CHF 9.07M | -CHF 3.22M | CHF 43.8M | CHF 51.8M |
| Free cash flow | CHF 2.68M | -CHF 6.35M | CHF 44.8M | CHF 41.2M | CHF 30.2M |
| Capital expenditure | CHF 18.6M | CHF 18.3M | CHF 21.0M | CHF 28.5M | CHF 13.1M |
| Total debt | n/a | CHF 172M | CHF 178M | CHF 169M | CHF 188M |
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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 | KOMN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.7% | -14.5% | 4th highest of 21 |
| 6-month return | +31.2% | -29.1% | highest of 20 |
| Distance from 52-week high | -15.2% | -50.2% | 2nd highest of 21 |
| Revenue growth (TTM) | -2.7% | +2.9% | 9th lowest of 21 |
| Operating margin | 0.4% | 1.9% | 10th lowest of 21 |
| Forward P/E | 33.0× | 16.2× | 3rd most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | 46.9% | 19.6% | 2nd most demanding of 12 |
| Growth delivered (Del g) | +12.3% | +5.7% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | +34.6 pp | +13.4 pp | 3rd most demanding of 12 |
| ROIC minus cost of capital | -4.6 pp | -5.0 pp | 11th highest of 21 |
| Net debt / EBITDA | 4.8× | 0.9× | 2nd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Komax KOMN.SW | Switzerland | $462M | +31% | -3% | 0% | 33.0× | 46.9% | +12.3% |
| Hubei Donper Electromechanical Grou 601956.SS | China | $462M | -16% | -2% | -2% | n/a | 32.7% | +3.4% |
| Zhejiang Weixing Intelligent Meter Stock 002849.SZ | China | $463M | -18% | +3% | -2% | 40.4× | 10.3% | +6.6% |
| Guangdong Nedfon Air System 301043.SZ | China | $462M | -29% | -3% | 11% | n/a | 19.6% | +6.2% |
| Zhejiang Yuejian Intelligent Equipment 603095.SS | China | $461M | -53% | -25% | 1% | n/a | 29.6% | +7.6% |
| Zhejiang Yilida Ventilator 002686.SZ | China | $459M | -26% | -16% | -2% | n/a | 40.1% | +2.0% |
| Suzhou YourBest New-type Materials 301266.SZ | China | $467M | -32% | +10% | 3% | 21.3× | n/a | n/a |
| Shakti Pumps (India) SHAKTIPUMP.NS | India | $456M | -41% | +16% | 9% | 17.8× | n/a | n/a |
| Pengyao Environmental Protection 300664.SZ | China | $469M | -23% | -3% | 17% | n/a | 1.2% | -4.6% |
| Wuxi Hongsheng Heat Exchanger Manufacturing 603090.SS | China | $454M | -53% | +13% | 10% | n/a | n/a | n/a |
| Ion Exchange (India) IONEXCHANG.NS | India | $471M | -29% | +5% | -2% | n/a | n/a | n/a |
| Shanghai Guao Electronic Technology 300551.SZ | China | $473M | -35% | -47% | -111% | n/a | n/a | n/a |
| Global Standard Technology 083450.KS | South Korea | $448M | -30% | +10% | 17% | 10.4× | -2.6% | +15.8% |
| Guangdong Huayan Robotics 1021.HK | Hong Kong | $447M | -65% | +25% | -12% | n/a | n/a | n/a |
| Yuilrobotics 388720.KS | South Korea | $480M | -47% | -5% | -42% | n/a | n/a | n/a |
| MAEZAWA 575A.T | Japan | $445M | n/a | +4% | 9% | n/a | 25.4% | +3.7% |
| WashTec WSU.DE | Germany | $480M | -19% | +3% | 8% | 14.7× | -5.2% | +5.7% |
| Sichuan Etrol Technologies 300370.SZ | China | $445M | -26% | -6% | -23% | n/a | 54.4% | -8.2% |
| Shanghai Shengjian Technology 603324.SS | China | $445M | -23% | -26% | -19% | 64.4× | n/a | n/a |
| Saatvik Green Energy SAATVIKGL.NS | India | $481M | -25% | +111% | 8% | 13.5× | n/a | n/a |
| Chenming Electronic Technology 3013.TW | Taiwan | $445M | -38% | +13% | 13% | 11.2× | -2.3% | +11.5% |