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Employees: 1,626
Size LEM (LEHN.SW) is a Switzerland Information Technology company (Electronic Components) with a market value of $768M, the 126th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 550.00 on 6 Nov 2026.
Performance Over six months the shares gained 73.5%, against -17.0% for the median peer and +11.6% for the Switzerland market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 6.3% over the last twelve months (peer median +14.3%); the operating margin is 9.0% (peer median 6.1%).
Valuation It trades at 20.0× forward earnings against a peer median of 17.9× (6th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +7 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 4.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 288M | CHF 288M | CHF 307M | CHF 406M | CHF 406M |
| Revenue growth | — | -6% | -24% | 0% | — |
| Gross profit | CHF 115M | CHF 115M | CHF 133M | CHF 189M | CHF 192M |
| EBITDA | n/a | CHF 47.4M | CHF 45.6M | CHF 95.9M | CHF 107M |
| Net income | CHF 9.86M | CHF 9.86M | CHF 8.39M | CHF 65.3M | CHF 75.3M |
| Free cash flow | CHF 32.3M | CHF 32.3M | CHF 15.9M | CHF 47.7M | CHF 60.8M |
| Capital expenditure | CHF 10.8M | CHF 10.8M | CHF 16.9M | CHF 31.7M | CHF 26.4M |
| Total debt | n/a | CHF 125M | CHF 143M | CHF 95.7M | CHF 73.6M |
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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 | LEHN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.3% | -19.6% | 11th highest of 21 |
| 6-month return | +73.5% | -17.0% | highest of 21 |
| Distance from 52-week high | -23.1% | -45.8% | highest of 21 |
| Revenue growth (TTM) | -6.3% | +14.3% | 2nd lowest of 21 |
| Operating margin | 9.0% | 6.1% | 8th highest of 21 |
| Forward P/E | 20.0× | 17.9× | 6th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 6.4% | 21.8% | 2nd least demanding of 11 |
| Growth delivered (Del g) | -0.9% | +12.1% | lowest of 11 |
| Hurdle (Req g minus delivered) | +7.3 pp | +7.2 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | +4.3 pp | -0.4 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LEM LEHN.SW | Switzerland | $768M | +74% | -6% | 9% | 20.0× | 6.4% | -0.9% |
| Megachips 6875.T | Japan | $772M | -17% | +2% | 1% | 3.4× | n/a | n/a |
| Nichicon 6996.T | Japan | $758M | -27% | 0% | 5% | 13.0× | 15.3% | +7.9% |
| Cicor Technologies CICN.SW | Switzerland | $758M | -6% | +26% | 4% | 18.2× | 5.8% | +23.5% |
| Ji'an Mankun Technology 301132.SZ | China | $751M | +38% | +32% | 9% | n/a | n/a | n/a |
| Lelon Electronics 2472.TW | Taiwan | $750M | -20% | +10% | 20% | 10.9× | 8.2% | +7.6% |
| ASRock 3515.TW | Taiwan | $747M | -16% | +29% | 7% | 8.9× | n/a | n/a |
| Qingdao Eastsoft Communication Technology 300183.SZ | China | $745M | -23% | +4% | -6% | n/a | n/a | n/a |
| Zbit Semiconductor 688416.SS | China | $798M | -34% | +122% | 19% | 27.3× | 30.7% | +13.5% |
| Jutze Intelligent Technology 300802.SZ | China | $801M | -6% | +18% | 12% | 39.4× | 32.6% | +10.0% |
| Shenzhen Xunjiexing Technology 688655.SS | China | $810M | -13% | +70% | 0% | n/a | n/a | n/a |
| Jiangsu Allfavor Intelligent Circuits Technology 300964.SZ | China | $821M | +1% | +78% | 8% | n/a | n/a | n/a |
| Hexatronic HTRO.ST | Sweden | $821M | -17% | +7% | 6% | 15.0× | 12.9% | +28.3% |
| Basler BSL.DE | Germany | $823M | -7% | +31% | 15% | 19.1× | 23.8% | +5.7% |
| Anhui Tongfeng Electronics 600237.SS | China | $714M | -15% | -6% | 10% | 32.8× | 19.8% | +10.7% |
| Isvision (Hangzhou) Technology 688816.SS | China | $713M | -23% | +14% | 11% | n/a | 27.0% | +26.3% |
| Zhejiang Yonggui Electric Equipment 300351.SZ | China | $703M | -47% | +15% | -1% | 30.9× | n/a | n/a |
| Shenzhen Jingquanhua Electronics 002885.SZ | China | $840M | -34% | +9% | 4% | n/a | 27.6% | +20.6% |
| Unitech Printed Circuit Board 2367.TW | Taiwan | $701M | -46% | -13% | -5% | 45.8× | n/a | n/a |
| Dynamic 3715.TW | Taiwan | $846M | -50% | +43% | 5% | 16.3× | n/a | n/a |
| ACES Electronics 3605.TW | Taiwan | $689M | +43% | +9% | 6% | 17.7× | n/a | n/a |