Bucher Industries AG (BCHHF)
UnterbewertetFundamental
65
Kurs
$478.00
Marktkapitalisierung
$1.59B
Teil 1 · Was das Unternehmen wert ist
Übersicht
Bucher Industries is a Swiss group of five largely independent divisions making specialized machinery: Kuhn builds farm equipment such as tillage tools, seeders and manure spreaders; Bucher Municipal makes street sweepers and winter maintenance vehicles; Bucher Hydraulics supplies hydraulic components; Bucher Emhart Glass builds equipment for glass container factories; and Bucher Specials makes beverage-processing and automation equipment. Each division sells to a different customer base — farmers, municipalities, industrial equipment makers, glassmakers and beverage producers.
Wie das Geld verdient wird
Each division manufactures and sells its own machinery directly to end customers or through dealer networks, so Bucher earns revenue from selling physical equipment rather than from services or recurring fees. Kuhn, the agricultural machinery business, is the largest piece at about 35% of group sales in 2025, and its order intake — tied to farmers' willingness to invest — swings the whole group's results more than any other division, since demand for farm equipment, municipal vehicles and industrial hydraulics does not move in sync.
Umsatz nach Segment
Agricultural machinery for tillage, seeding, hay-making, and manure and fertilizer spreading, sold to farmers worldwide.
Hydraulic components and electrohydraulic systems used inside other manufacturers' machinery, from construction equipment to industrial applications.
Street sweepers, sewer-cleaning vehicles and winter maintenance equipment sold mainly to municipalities and public works contractors.
Equipment and services for manufacturing glass containers, sold to glass-bottle and jar producers.
Equipment for processing beverages plus automation and robotics solutions for industrial customers.
Was die Nachfrage antreibt
ZyklischKuhn's farm-equipment sales rise and fall with farmers' income and confidence, which in turn depend on crop prices, weather and government support — order intake jumped 16% in 2025 as sentiment improved after a weaker prior period. The other divisions are steadier, tied to municipal budgets and industrial capital spending, but Kuhn's size means its cycle dominates the group's results.
Die Argumente dafür
Buyers argue that Kuhn's 16% jump in order intake in 2025 signals the start of a farm-equipment recovery after a weak prior period, and that Bucher's five diversified, non-synchronized divisions smooth out the group's earnings compared with a pure-play agricultural machinery maker.
Die Argumente dagegen
Sellers fear that Kuhn's size within the group means a stalled recovery in farmer investment, driven by crop prices or trade policy outside the company's control, would drag down consolidated results even if the other four divisions perform well.
Written by the editors, published on 18. August 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18. September 2026 with claude-haiku-4-5 — shared with all users
John Deere is the largest maker of hay and forage equipment worldwide and sells balers, mowers and crop-protection machines against Kuhn Group's core lines in both Europe and North America.
Parker Hannifin supplies the valves, pumps and electrohydraulic drive systems that Bucher Hydraulics sells to machinery OEMs in construction, agriculture and lifting equipment.
Through Fendt, Massey Ferguson and Fella, AGCO sells the same hay and forage, tillage and seeding implements that Kuhn Group sells, to the same farmers and contractors through overlapping dealer networks.
CNH's New Holland and Case IH ranges cover balers, mowers, seed drills and sprayers, competing directly with Kuhn Group for the implement budget of the same arable and livestock farms.
The other Swiss-rooted specialist in municipal vehicles, Aebi Schmidt bids for the same city and airport contracts as Bucher Municipal with sweepers, winter-maintenance equipment and agricultural implements.
Alamo's Elgin, Schwarze and Bush Hog brands sell street sweepers, snow-removal equipment and roadside mowers to the same municipalities and highway agencies served by Bucher Municipal.
Bilanz & Liquidität
Umsatz
$977M
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Nettogewinn
$61M
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Freier Cashflow
$127M
Gesamtes Eigenkapital
$361M
Gesamtverbindlichkeiten
$152M
Current Ratio
1.55
Zinsdeckungsgrad
-
Schulden/EBITDA
0.90
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$689.38
Aktueller Kurs
$478.00
Sicherheitsmarge
+30.7%
Innerer-Wert-Spanne
$448.10 - $930.67
Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
26.42
ROE
31.4%
P/B-Verhältnis
2.62
P/FCF
12.59
Bruttomarge
51.1%
ROIC
24.4%
Rentabilitäts-Radar
Wertschöpfung (Wettbewerbsvorteil)
ROIC
24.4%
WACC
7.6%
ROIC − WACC
+16.8 pp
Der ROIC übersteigt die Kapitalkosten: Das Unternehmen schafft Wert für die Aktionäre.
Fundamentalanalyse-Kriterien
Bestanden (15)
- Price CAGR 5.31%
- ROIC 24.4%
- Gross Margin 51.1%
- P/FCF 12.59
- P/B Ratio 2.62
- Debt/Equity ratio
- Operating Margin 7.3%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Debt/EBITDA
- ROE 10.2%
- PEG Ratio 1.91
- Earnings Quality (OCF/NI) 1.36
- Net Margin Trend 10.4% vs 9.6%
Nicht bestanden (6)
- Price below Graham Number
- DCF valuation (Fairly valued)
- Revenue Growth 5Y 1.2%
- Analyst Consensus 43% Buy
- Earnings Surprise avg 0.7%
- Piotroski F-Score 2/9
Nicht verfügbar (6)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Share Dilution (missing shares data)
Piotroski F-Score
Ernsthafte finanzielle Bedenken
Gewinnqualität
Hohe Qualität: Gewinne durch Cashflow gedeckt
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Institutionelle Beteiligungen
Für dieses Unternehmen liegen keine institutionellen Meldungen vor.
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. Fabrice Billard | CEO & Member of Executive Board | 55 |
| Mr. Rolf Brändli | CFO, VP of Finance & Administration, Secretary and Member of Executive Board | 57 |
| Ms. Vanessa Valentin | CHRO & Member of Executive Board | 46 |
| Mr. Andreas Brautsch | President Systems Division & Member of Executive Board | 51 |
| Mr. Alvaro Grande | Head of Services of US | - |
| Mr. Martin Zingg | President of Services Division | - |
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Latest News
Recent headlines for BCHHF, sourced from Markets Gazette.