Autoneum Holding AG (VTX:AUTN) Just Released Its Interim Results And Analysts Are Updating Their Estimates
It's been a pretty great week for Autoneum Holding AG (VTX:AUTN) shareholders, with its shares surging 20% to CHF131 in the week since its latest half-year results. It was a workmanlike result, with revenues of CHF1.2b coming in 2.0% ahead of expectations, and statutory earnings per share of CHF10.32, in line with analyst appraisals. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, Autoneum Holding's five analysts currently expect revenues in 2026 to be CHF2.30b, approximately in line with the last 12 months. Statutory earnings per share are predicted to accumulate 4.0% to CHF11.01. In the lead-up to this report, the analysts had been modelling revenues of CHF2.29b and earnings per share (EPS) of CHF11.96 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.
See our latest analysis for Autoneum Holding
It might be a surprise to learn that the consensus price target was broadly unchanged at CHF133, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Autoneum Holding, with the most bullish analyst valuing it at CHF158 and the most bearish at CHF120 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Autoneum Holding's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 2.1% growth on an annualised basis. This is compared to a historical growth rate of 6.9% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.3% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Autoneum Holding.
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Autoneum Holding analysts - going out to 2028, and you can see them free on our platform here.
Before you take the next step you should know about the 3 warning signs for Autoneum Holding that we have uncovered.
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