Obermatt

LEM

SWX:LEHN · CH0022427626
Electronic Equipment, Instruments & ComponentsSmall

360

31
EV / EBIT27
Price / Owner Earnings39
Owner Earnings Yield67
Dividend Yield67
Price/Sales50
EV / Gross Profit58
Price/Book41
Return on Capital68
Cash Return on Capital66
Return on Equity55
EBIT Margin60
Gross Profitability75
Cash Conversion94
Owner Earnings Margin67
Sales growth27
Profit Growth29
Long-Term EPS Growth39
Reinvestment67
Price momentum3
Debt load28
Refinancing59
Debt Payback13
Liquidity59
Analyst ratings13
Opinion Changes85
Price Target Upside18
Market mood63
Value Creation7/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

LEM clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountrySwitzerland
IndustryElectronic Equipment, Instruments & Components
SizeSmall
TypePublic Company
ExchangeSWX
Founded1995
Employees617
Websitelem.com/en
ISINCH0022427626
Last UpdateApr 2, 2026
Themes
Smart EnergyIndustrial AutomationSensorsSmart MetersEnergy ManagementEnergy StorageDetectors, Sensors and Mems

Description

LEM HOLDING SA is specializing in the design and manufacture of electrical measurement solutions. The company focuses on addressing the growing demands for high-precision measurement techniques to ensure the safety, efficiency, and sustainability of…

Analysis

Quality compounder

LEM Holding SA is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is fair. You pay 23.9× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone.

The trajectory is moderate and the balance sheet is stretched. The company scores 7/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
12
2023202420252026

All-time high

57

Sep 2023

All-time low

4

Jan 2026

Average rank

20

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
50
31
11
11
Price/Earnings
37
32
24
18
Price/Book
41
6
1
5
Dividend Yield
67
96
92
78
Value (overall)
54
56
31
21

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →