LEM Holding
LEHN.SW Small CapTechnology · Electronic Components
Updated: Jul 6, 2026, 22:20 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
LEM Holding SA, together with its subsidiaries, provides measuring electrical parameters solutions in China, Japan, South Korea, India, Southeast Asia, Europe, the Middle East, Africa, NAFTA, and Latin America. The company offers current, voltage, integrated current, and Rogowski coil sensors, as well as energy meters; and provides after-sales and return merchandise authorization services. Its products are used in automotive battery management and motor control, electric vehicle chargers, smart grid, welding, automation, drives, high-precision, power supplies, renewable energies, trackside, and traction applications. The company was founded in 1972 and is headquartered in Meyrin, Switzerland.
LEM Holding Stock at a Glance
LEM Holding (LEHN.SW) is currently trading at CHF 426.50 with a market capitalization of $485.6M. The trailing P/E ratio stands at 49.36x, with a forward P/E of 18.86x. The 52-week range spans from CHF 254.50 to CHF 915.00; the current price is 53.4% below the yearly high. Year-over-year revenue growth stands at -8.9%. The net profit margin stands at 3.43%.
💰 Dividend
LEM Holding currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.
📊 Analyst Rating
5 analysts rate LEM Holding (LEHN.SW) on consensus: None. The average price target is CHF 438.00, implying +2.7% from the current price. Analyst price targets range from CHF 380.00 to CHF 515.00.
LEM Holding: The Investment Case in Detail
LEM Holding (LEHN.SW) operates in the Technology — specifically Electronic Components — and is headquartered in Switzerland. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bear Case
Revenue is contracting at -8.9% year-over-year — until that trend reverses, valuation is exposed to further downgrades. With a net margin of just 3.43%, the business has little room to absorb cost shocks or pricing pressure — a single bad quarter can swing the company to a loss. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.
What to Watch Next
- The forward P/E of 18.86x is meaningfully below the trailing 49.36x — analysts expect earnings to step up; the next earnings release is the test.
Investment Thesis: Strengths & Weaknesses
- Positive free cash flow
- –Revenue shrinking (-8.9% YoY)
- –Low profitability (3.43% margin)
- –Currently flagged as overvalued
Technical Snapshot
Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).
Risk Profile
The data points to relatively defensive market behavior.
Trading Data
Related Stocks in the Same Sector
LEM Holding (LEHN.SW) 2026: 320,50 CHF Swiss Electrical-Current-and-Voltage Measurement Specialist with Renewable-and-EV Industrial Tailwind
The Real Story
LEM Holding SA (Zurich: LEHN) is a Swiss specialist providing solutions for measuring-electrical-parameters (current, voltage, position) in industrial, automotive (EV traction inverters), renewable-energy (solar inverters), traction (rail). Customer base includes Siemens, ABB, Schneider Electric, plus EV-OEMs and solar-inverter-makers.
What Smart Money Thinks
LEM has Swiss institutional and family base. Werner Mehr Foundation approximately 15 percent. Short-interest sits at approximately 3 percent of float as of May 2026.
Explore the BMI Smart-Money Tracker →
📈 The 3 Real Bull Points
Solar and EV-traction demand drives 10-15 percent annual growth.
Re-rating to 22-26x on fiscal-2027 EPS 18 CHF supports 396-468 CHF.
Family-aligned discipline.
📉 The 3 Real Bear Points
European EV demand softness.
Chinese-supplier pressure.
Pricing-power compression.
Valuation in Context
LEM at 320,50 CHF per share with approximately 1,14 million shares outstanding has a market capitalization of approximately 365 million CHF. Forward-P/E 19,2x.
Re-rating to 22-26x on fiscal-2027 EPS 18 CHF supports 396-468 CHF — 23-46 percent upside. Bear-case 220-260 CHF. Bull-case 500-580 CHF.
🗓️ Next 3 Catalyst Dates
-
2026 Q3:
H1 fiscal-2026 earnings (FY end March). Watch-items: EV-traction-inverter volume.
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2027 Q1:
Fiscal-2026 full-year results.
-
2027 H2:
Continued renewable energy growth milestones.
💬 Daniel's Take
LEM Holding is a quality-growth Swiss electrical-current-and-voltage measurement specialist with renewable-and-EV tailwind, Werner Mehr Foundation 15 percent anchor. Position-sizing: 0,3–0,8 percent.
Sources (3)
Disclaimer: This article is not investment advice. Investing in stocks carries risks, including total loss.
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