Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Comet Holding AG is a Switzerland-based manufacturer of systems and components specializing in non-destructive testing, security applications, and plasma excitation technologies. The company operates through three primary divisions: Plasma Control Technologies (PCT), which focuses on plasma excitation; X-Ray Systems (IXS), serving security and industrial inspection needs; and Industrial X-Ray Modules (IXM), providing components for non-destructive testing. These divisions deliver high-precision solutions for industries including semiconductors, automotive, aerospace, and medical technology, enabling quality control, material analysis, and advanced manufacturing processes. Headquartered in Flamatt, Switzerland, Comet Holding AG structures its operations via wholly owned subsidiaries, maintaining full control over its global group of companies. Its sales span key regions such as China, North America, Europe, and Asia, reflecting a diverse geographical footprint that supports international clients in high-tech sectors. Listed on the SIX Swiss Exchange since 2002, Comet Holding AG plays a vital role in the electronic equipment and parts industry, contributing to innovations in inspection and plasma technologies essential for modern industrial applications.
Operating margin is thin at 5.37%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.6%, essentially flat. Margins also contracted 2.7pp. This is a business that needs a catalyst.
Free cash flow declined 85% versus the prior year, cash generation momentum has weakened. ROIC dropped from 7.64% to 3.59%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
CHF 457M
▲ +2.6% YoY
Net Income (TTM)
CHF 12M
▼ -62.8% YoY
Op. Margin
5.37%
▼ -2.7pp YoY
ROIC
3.59%
▼ -4.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
CHF 6M
▼ -84.7% YoY
Op. Cash Flow (TTM)
CHF 30M
▼ -35.1% YoY
Net Debt
-CHF 6M
Net Cash Position
Cash & Equiv.
CHF 97M
3Y CAGR: -8.0%
3Y CAGR: -48.5%
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