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Alcon AG
SIX:ALC

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Alcon AG
SIX:ALC
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Price: 62.86 CHF -0.1% Market Closed
Market Cap: CHf31.4B

EV/EBIT

29.3
Current
19%
Cheaper
vs 3-y median of 35.9

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
29.3
=
Enterprise Value
CHf31.8B
/
EBIT
$1.4B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
29.3
=
Enterprise Value
CHf31.8B
/
EBIT
$1.4B

Valuation Scenarios

Alcon AG is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (35.9), the stock would be worth CHf77.17 (23% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-33%
Maximum Upside
+31%
Average Upside
1%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 29.3 CHf62.86
0%
3-Year Average 35.9 CHf77.17
+23%
5-Year Average 38.3 CHf82.36
+31%
Industry Average 24.1 CHf51.72
-18%
Country Average 19.5 CHf41.96
-33%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
CHf31.8B
/
Jan 2026
$1.4B
=
29.3
Current
CHf31.8B
/
Dec 2026
$2.2B
=
14.4
Forward
CHf31.8B
/
Dec 2027
$2.5B
=
12.7
Forward
CHf31.8B
/
Dec 2028
$2.8B
=
11.3
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CH
Alcon AG
SIX:ALC
30.7B CHF 29.3 39.2
JP
Hoya Corp
TSE:7741
9.8T JPY 34.1 39.1
US
Medline Inc
NASDAQ:MDLN
62.6B USD 0 0
DK
Coloplast A/S
CSE:COLO B
97.7B DKK 15.8 25.3
US
Align Technology Inc
NASDAQ:ALGN
13.6B USD 19.8 33.1
UK
ConvaTec Group PLC
LSE:CTEC
4.7B GBP 19.2 35.6
CA
Bausch + Lomb Corp
NYSE:BLCO
6B USD 56.3 -16.5
JP
Asahi Intecc Co Ltd
TSE:7747
927.6B JPY 33.8 52.4
KR
HLB Inc
KOSDAQ:028300
8.3T KRW -79.9 -37.7
US
Lantheus Holdings Inc
NASDAQ:LNTH
5.4B USD 18.2 23.2
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
35.7B CNY 19.3 21.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CH
Alcon AG
SIX:ALC
Average EV/EBIT: 27.3
29.3
26%
1.1
JP
Hoya Corp
TSE:7741
34.1
N/A N/A
US
M
Medline Inc
NASDAQ:MDLN
Not Available
18%
N/A
DK
Coloplast A/S
CSE:COLO B
15.8
7%
2.3
US
Align Technology Inc
NASDAQ:ALGN
19.8
21%
0.9
UK
ConvaTec Group PLC
LSE:CTEC
19.2
21%
0.9
CA
Bausch + Lomb Corp
NYSE:BLCO
56.3
72%
0.8
JP
A
Asahi Intecc Co Ltd
TSE:7747
33.8
N/A N/A
KR
H
HLB Inc
KOSDAQ:028300
Negative Multiple: -79.9 N/A N/A
US
Lantheus Holdings Inc
NASDAQ:LNTH
18.2
30%
0.6
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
19.3
10%
1.9
P/E Multiple
Earnings Growth PEG
CH
Alcon AG
SIX:ALC
Average P/E: 33.7
39.2
32%
1.2
JP
Hoya Corp
TSE:7741
39.1
15%
2.6
US
M
Medline Inc
NASDAQ:MDLN
Not Available
30%
N/A
DK
Coloplast A/S
CSE:COLO B
25.3
21%
1.2
US
Align Technology Inc
NASDAQ:ALGN
33.1
34%
1
UK
ConvaTec Group PLC
LSE:CTEC
35.6
41%
0.9
CA
Bausch + Lomb Corp
NYSE:BLCO
Negative Multiple: -16.5 N/A N/A
JP
A
Asahi Intecc Co Ltd
TSE:7747
52.4
40%
1.3
KR
H
HLB Inc
KOSDAQ:028300
Negative Multiple: -37.7 N/A N/A
US
Lantheus Holdings Inc
NASDAQ:LNTH
23.2
30%
0.8
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
21.6
9%
2.4

Market Distribution

Higher than 77% of companies in Switzerland
Percentile
77th
Based on 894 companies
77th percentile
29.3
Low
0 — 13.5
Typical Range
13.5 — 25.3
High
25.3 —
Distribution Statistics
Switzerland
Min 0
30th Percentile 13.5
Median 19.5
70th Percentile 25.3
Max 855.5

Alcon AG
Glance View

Alcon AG, headquartered in Geneva, Switzerland, emerges as a global leader in eye care, having spun off from Novartis in 2019 to operate independently. The company traces its roots back to a small pharmacy established in Fort Worth, Texas, in 1945, gradually expanding under the strategic vision of its founders. Today, Alcon stands at the intersection of innovation and necessity, catering to a world increasingly aware of eye health. The firm specializes in two main sectors: Surgical and Vision Care. In the Surgical division, Alcon offers advanced technologies and devices for ophthalmic surgery, encompassing cataract, retinal, and refractive procedures. Through these innovations, Alcon not only enhances patient outcomes but also streamlines operations for eye care professionals, carving out a significant market share in surgical solutions. Meanwhile, the Vision Care segment thrives by addressing the burgeoning demand for contact lenses and ocular health products. Alcon’s portfolio features daily disposable and reusable lenses, supported by innovative technologies that prioritize comfort and clarity of vision. Additionally, the company provides comprehensive eye care products, including lens care solutions, which enhance user satisfaction and ensure sustained demand. Alcon’s revenue model hinges on its ability to deliver cutting-edge products that meet the evolving needs of consumers and professionals alike. Through strategic investments in research and development and a strong distribution network, Alcon perpetually reinforces its market presence, securing its position as a formidable player in the eye care industry.

ALC Intrinsic Value
59.96 CHF
Overvaluation 5%
Intrinsic Value
Price CHf62.86
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