Emmi AG (EMMN.XSWX) DCF Valuation
Every assumption below is yours to change. The defaults are derived from this company's own filing history, not from a house view.
Conservative
CHF 611.71
33% overvaluedvs CHF 907.00
Base
CHF 1,351.63
49% undervaluedvs CHF 907.00
Optimistic
CHF 2,529.90
179% undervaluedvs CHF 907.00
Where today's price sits
Today's price falls inside the modelled range.
Verdict
Today's price sits inside the range, 49% below the base case. Whether that is a discount depends entirely on the base case growth holding.
Base free cash flow
CHF 234M
Trailing twelve months
Historical FCF CAGR
+18.0%
Across 6 reported periods
Market implies
7.8%
Growth needed at 8% WACC
Terminal value share
68%
Of the base case valuation
Growth needed to justify today's price
At a 8.0% discount rate, today's price already assumes 7.8% annual free cash flow growth for ten years. Your base case assumes 18.0%, so you are forecasting more growth than the price requires.
Curve holds terminal growth at 2.5%, years 6 to 10 at half the first-stage rate, and applies no safety margin.
Free cash flow history
The most recent period is the base every projection starts from. Compounded, that history is +18.0% a year.
Emmi (EMMN.XSWX) DCF: intrinsic value and margin of safety
Intrinsiqq's two-stage DCF values Emmi (EMMN.XSWX) at about CHF 1,802.17 per share, or CHF 1,351.63 with a 25% margin of safety. At CHF 907.00 the stock looks undervalued. Every assumption is adjustable below; this is analysis, not investment advice.
Frequently asked
What is Emmi's (EMMN.XSWX) fair value?+
Intrinsiqq's two-stage discounted cash flow (DCF) model estimates an intrinsic value of about CHF 1,802.17 per share for EMMN.XSWX. It projects recent free cash flow forward at a growth rate that fades toward a long-run rate, then discounts those cash flows back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around CHF 1,351.63. The output moves with the growth and discount-rate inputs, so it is best read as a range, not a single number. You can change every assumption with the sliders on this tab.
Is Emmi overvalued based on a DCF?+
At CHF 907.00, EMMN.XSWX trades below the base-case intrinsic value of about CHF 1,802.17, a 98.7% discount to that estimate, so on this model it looks undervalued. A DCF is only one lens: a premium can be justified if the business grows faster or is higher quality than the base case assumes, which is exactly what the sliders let you test.
What growth is priced into Emmi?+
The base case grows EMMN.XSWX's free cash flow at about 18.0% a year before fading, against roughly 18.0% historical free-cash-flow growth. If the price implies growth well above what the company has actually delivered, the market is paying for optimism; if below, expectations are modest. Adjust the growth assumption on this tab to see what the current price is really betting on.
What is a good margin of safety for Emmi?+
A margin of safety is the discount to intrinsic value you demand before buying, to protect against being wrong on the inputs. Intrinsiqq applies 25% by default, which turns EMMN.XSWX's CHF 1,802.17 intrinsic estimate into a CHF 1,351.63 entry. Wider margins suit less predictable businesses; you can set your own on this tab. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.