VAT Group AG/€VACN
1D1W1MYTD1Y5YMAX
Capital at risk
About VAT Group AG
VAT Group AG is a Swiss company that operates in the vacuum valve industry, providing essential components for a range of applications including semiconductors, displays, solar panels, and scientific instruments. The company specializes in the design, manufacture, and sale of vacuum valves, bellows, and related services, which are critical for maintaining controlled environments in high-tech manufacturing processes. Founded in 1965, VAT Group AG is headquartered in Haag, Switzerland. Its strategic position is bolstered by a strong focus on innovation and a comprehensive product portfolio that addresses multiple sectors, enhancing its resilience to market fluctuations. The company's global footprint includes production sites and sales offices across Europe, Asia, and the Americas.
- Ticker
- €VACN
- Sector
- Industrials
- Primary listing
- XGAT
- Employees
- 3,959
- Headquarters
- Solothurn, Switzerland
- Website
- www.vatgroup.com
VAT Group AG Metrics
BasicAdvanced
€19B
88.84
€7.30
1.57
€7.64
1.18%
Price and volume
Market cap
€19B
Beta
1.57
52-week high
€786.80
52-week low
€316.30
Average daily volume
53K
Dividend rate
€7.64
Financial strength
Current ratio
2.378
Quick ratio
1.209
Long term debt to equity
0.574
Total debt to equity
0.579
Dividend payout ratio (TTM)
101.11%
Profitability
EBITDA (TTM)
285.301
Gross margin (TTM)
61.39%
Net profit margin (TTM)
20.20%
Operating margin (TTM)
21.81%
Effective tax rate (TTM)
15.98%
Revenue per employee (TTM)
€274,700
Management effectiveness
Return on assets (TTM)
10.27%
Return on equity (TTM)
30.09%
Valuation
Price to earnings (TTM)
88.84
Price to revenue (TTM)
17.892
Price to book
26.85
Price to tangible book (TTM)
73.1
Price to free cash flow (TTM)
82.044
Free cash flow yield (TTM)
1.22%
Free cash flow per share (TTM)
7.906
Dividend yield (TTM)
1.18%
Forward dividend yield
1.18%
Growth
Revenue change (TTM)
-2.20%
Earnings per share change (TTM)
-7.16%
3-year revenue growth (CAGR)
-0.73%
10-year revenue growth (CAGR)
8.76%
3-year earnings per share growth (CAGR)
-5.21%
10-year earnings per share growth (CAGR)
18.74%
3-year dividend per share growth (CAGR)
3.85%
Bulls say / Bears say
- Q2 2026 order intake reached a record CHF 500 million, up 102% year over year, and backlog rose 121% to CHF 648 million, providing strong forward revenue visibility from semiconductor and AI-data-center investment. (Reuters)
- VAT confirmed that 2026 orders, sales, EBITDA, EBITDA margin, net income, and free cash flow should all exceed 2025 levels; it also targets quarterly factory output above a CHF 450 million run rate by year-end, implying significant operating leverage if the ramp executes. (Financial Times)
- The planned CHF 110 million acquisition of Atonarp expands VAT beyond valves into real-time molecular monitoring and process control, potentially increasing its share of customer spending as semiconductor manufacturing moves toward sub-2nm nodes. (VAT Group)
- H1 2026 net income fell 6% year over year to CHF 98.8 million, while free cash flow declined 18% to CHF 42 million, showing that strong orders have not yet translated into equivalent bottom-line or cash-flow growth. (Reuters)
- Capacity expansion is weighing on profitability: VAT reported a 29.0% H1 EBITDA margin, slightly below the prior year, as ramp costs and more than 700 additional employees increased the cost base before expected operating leverage fully arrives. (Reuters)
- Execution and timing remain risks: supply-chain disruption and customer-specification changes delayed revenue recognition in Q1, while VAT’s 2027 sales outlook remains under review despite strong expected wafer-fab-equipment growth. (VAT Group)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.
Upcoming events
No upcoming events
Funds containing VAT Group AG
AllEURGBPUSD
Fund name | Fund size | €VACN weighting |
|---|---|---|
SPDR MSCI World Industrials€WIND | €217M | 0.20% |
Vanguard FTSE Developed Europe ex UK€VERX | €3.4B | 0.18% |
Vanguard FTSE Developed Europe ex UK£VERX | £2.9B | 0.18% |
Xtrackers MSCI Europe£XMEU | £6.7B | 0.14% |
Vanguard FTSE Developed Europe€VWCG | €3.1B | 0.13% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.