Added to YB: 2026-05-29
Pitch date: 2026-05-27
FTON.SW [neutral]
Feintool International Holding AG
Author Info
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Company Info
Feintool International Holding AG, together with its subsidiaries, provides fineblanked, formed steel components, and stamped electro sheet metal products in Switzerland, rest of Europe, the Americas, and Asia.
Market Cap
CHF 147.2M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.79
P/E
-18.36
EV/Sales
0.31
Sector
Automobile Components
Category
turnaround
Feintool International Holding - P/TB 0.44x and a Couple of Years into a Turnaround Amid Weak Demand, Indicated Capex Holiday and Positioned in Growth Verticals
FTON.SW: Swiss precision parts maker at 0.44x P/TB, trades 6% of days at this level since 2012. Restructuring complete, shifted production to low-cost regions (CZ, HU). 2025 EBIT 4.7M CHF vs -49.3M in 2024. Mid-term EBIT margin target >6% vs 0.7% now. Net gearing 11%, 180M CHF NOLs. Growth in e-lamination (60% orders), data center cooling, EV motors. New India plant opening. Consensus 2028: 691M CHF sales, 11% EBITDA margin implies 20.61 CHF/share (+119%, 30% CAGR). Risks: weak EU EV demand, industrial softness. Michael Pieper owns 50%+.
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