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← CockpitCompetitor Analysis › KOMN.SW Komax Holding AGOpen in the cockpit ↗

Komax Holding AGKOMN.SWCompetitor analysis, valuation and peers

Switzerland · CHF·Industrials›Industrial Machinery
Momentum leader 87
Mkt cap
$462M
US dollars, full cap
Free float
74%
of shares outstanding
$/day
$824,585
20-day average traded
Fwd P/E
33.0×
forward earnings
ROIC−WACC
-4.6 pp
WACC 5.0%
Hurdle
+35 pp
Req g minus delivered
Next earnings
130 days
16 Mar 2027
Close · CHFCHF 73.60
1D+4.5%
1W+1.7%
1M-7.7%
3M+25.4%
6M+31.2%
YTD+14.8%
1Y+17.6%
ATR %4.2%
52w lowhigh15.2% off high

What Komax does

Employees: 3,167

Komax at a glance

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).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 2026KOMN.SW 133Peer median 69
Six months, rebased to 100: Komax against the median of its 20 peers (local-currency closes).

Komax financials

Reported figures in CHF; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCHF 566MCHF 574MCHF 622MCHF 743MCHF 599M
Revenue growth—-8%-16%+24%—
Gross profitCHF 75.7MCHF 150MCHF 166MCHF 227MCHF 192M
EBITDACHF 21.9MCHF 22.1MCHF 29.5MCHF 75.4MCHF 84.9M
Net income-CHF 9.37M-CHF 9.07M-CHF 3.22MCHF 43.8MCHF 51.8M
Free cash flowCHF 2.68M-CHF 6.35MCHF 44.8MCHF 41.2MCHF 30.2M
Capital expenditureCHF 18.6MCHF 18.3MCHF 21.0MCHF 28.5MCHF 13.1M
Total debtn/aCHF 172MCHF 178MCHF 169MCHF 188M

Quarterly statements and history in the cockpit →

Komax competitor charts

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.

Performance: 6-month against 1-month return

-50%-25%0%+25%-40%-20%0%601956002849301043603095002686301266SHAKTIPUMP300664603090IONEXCHANG0834501021388720WSU6033243013KOMN.SW6-month return →1-month return →
Up and to the right = strong over both horizons. Komax is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×60×002849301266SHAKTIPUMP083450WSU603324SAATVIKGL3013KOMN.SWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Komax is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%601956002849301043603095002686300664083450575AWSU300370KOMN.SWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Komax is the large dot.

Komax competitors and peer comparison

How Komax compares with its peers

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.

Komax against its 20 peers (data as of 6 Nov 2026)
MeasureKOMN.SWPeer medianRank 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 margin0.4%1.9%10th lowest of 21
Forward P/E33.0×16.2×3rd 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 pp3rd most demanding of 12
ROIC minus cost of capital-4.6 pp-5.0 pp11th highest of 21
Net debt / EBITDA4.8×0.9×2nd most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Komax KOMN.SWSwitzerland$462M+31%-3%0%33.0×46.9%+12.3%
Hubei Donper Electromechanical Grou 601956.SSChina$462M-16%-2%-2%n/a32.7%+3.4%
Zhejiang Weixing Intelligent Meter Stock 002849.SZChina$463M-18%+3%-2%40.4×10.3%+6.6%
Guangdong Nedfon Air System 301043.SZChina$462M-29%-3%11%n/a19.6%+6.2%
Zhejiang Yuejian Intelligent Equipment 603095.SSChina$461M-53%-25%1%n/a29.6%+7.6%
Zhejiang Yilida Ventilator 002686.SZChina$459M-26%-16%-2%n/a40.1%+2.0%
Suzhou YourBest New-type Materials 301266.SZChina$467M-32%+10%3%21.3×n/an/a
Shakti Pumps (India) SHAKTIPUMP.NSIndia$456M-41%+16%9%17.8×n/an/a
Pengyao Environmental Protection 300664.SZChina$469M-23%-3%17%n/a1.2%-4.6%
Wuxi Hongsheng Heat Exchanger Manufacturing 603090.SSChina$454M-53%+13%10%n/an/an/a
Ion Exchange (India) IONEXCHANG.NSIndia$471M-29%+5%-2%n/an/an/a
Shanghai Guao Electronic Technology 300551.SZChina$473M-35%-47%-111%n/an/an/a
Global Standard Technology 083450.KSSouth Korea$448M-30%+10%17%10.4×-2.6%+15.8%
Guangdong Huayan Robotics 1021.HKHong Kong$447M-65%+25%-12%n/an/an/a
Yuilrobotics 388720.KSSouth Korea$480M-47%-5%-42%n/an/an/a
MAEZAWA 575A.TJapan$445Mn/a+4%9%n/a25.4%+3.7%
WashTec WSU.DEGermany$480M-19%+3%8%14.7×-5.2%+5.7%
Sichuan Etrol Technologies 300370.SZChina$445M-26%-6%-23%n/a54.4%-8.2%
Shanghai Shengjian Technology 603324.SSChina$445M-23%-26%-19%64.4×n/an/a
Saatvik Green Energy SAATVIKGL.NSIndia$481M-25%+111%8%13.5×n/an/a
Chenming Electronic Technology 3013.TWTaiwan$445M-38%+13%13%11.2×-2.3%+11.5%

Questions

Which companies are Komax's closest peers?
The cockpit's peer set: Hubei Donper Electromechanical Grou (601956.SS), Zhejiang Weixing Intelligent Meter Stock (002849.SZ), Guangdong Nedfon Air System (301043.SZ), Zhejiang Yuejian Intelligent Equipment (603095.SS), Zhejiang Yilida Ventilator (002686.SZ), Suzhou YourBest New-type Materials (301266.SZ), Shakti Pumps (India) (SHAKTIPUMP.NS), Pengyao Environmental Protection (300664.SZ).
Is Komax expensive compared with its peers?
On forward p/e it trades at 33.0× against a peer median of 16.2×, 3rd most expensive of 9 in its peer set. 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.
How has Komax stock performed?
Over six months to 6 Nov 2026 the shares returned +31.2% against -29.1% for the median peer; over one year +17.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.