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Investing.com - William Blair initiated coverage on Siegfried Holding AG (SWX:SFZN) with an Outperform rating on Tuesday.
The research firm highlighted that Siegfried currently trades at 12.8 times its 2026 adjusted EBITDA estimate, representing a significant discount compared to both industry peers and the company’s own historical valuation metrics.
William Blair noted that this valuation sits below both Siegfried’s 5-year and 10-year historical average forward multiples, suggesting potential for share price appreciation.
The firm projected that by the end of 2025, Siegfried’s adjusted EBITDA multiple should align with its historical averages at approximately 15.0 times.
Based on William Blair’s 2026 adjusted EBITDA estimates, this valuation model indicates a target price of about CHF 100 per share by year-end, representing approximately 20% upside potential from current trading levels.
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