| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 1556.80 | -16 |
| Intrinsic value (DCF) | 954.04 | -49 |
| Graham-Dodd Method | 423.00 | -77 |
| Graham Formula | 225.20 | -88 |
Interroll Holding AG (LSE: 0QN2) is a Swiss-based leader in internal logistics solutions, providing high-performance products such as rollers, drives, conveyors, sorters, and pallet handling systems. Founded in 1959 and headquartered in Sant'Antonino, Switzerland, the company serves a diverse range of industries, including courier, express, and parcel (CEP), e-commerce, automotive, fashion, food and beverage, and warehousing. Interroll's innovative solutions—such as smart pallet movers and automated conveyor modules—enhance efficiency in material handling and warehouse automation. With a global footprint, the company caters to OEMs, system integrators, and end-users, positioning itself as a key enabler of Industry 4.0 logistics. Its strong R&D focus and Swiss engineering excellence make it a trusted partner in optimizing supply chain operations worldwide.
Interroll Holding AG presents a compelling investment case due to its strong market position in the growing automation and logistics sector. With a market cap of CHF 1.58 billion, the company demonstrates solid financials, including CHF 527 million in revenue and a net income of CHF 62.5 million (FY 2024). Its robust operating cash flow (CHF 92 million) and minimal debt (CHF 9.3 million) reflect financial stability. However, its beta of 1.094 suggests moderate volatility relative to the market. The dividend yield (CHF 32 per share) adds appeal for income-focused investors. Risks include exposure to cyclical industrial demand and competition from larger automation players. Long-term growth is supported by e-commerce expansion and warehouse automation trends.
Interroll Holding AG holds a competitive edge through its specialized, high-quality logistics components and modular systems, which are critical for automated warehouses and distribution centers. Unlike broad industrial conglomerates, Interroll focuses solely on internal logistics, allowing deep expertise and innovation in rollers, conveyors, and sorters. Its Swiss engineering reputation ensures reliability, a key factor for OEMs and integrators. However, the company faces competition from larger automation firms offering end-to-end solutions (e.g., Honeywell, Daifuku). Interroll’s asset-light model—focusing on components rather than full systems—limits its exposure to large project risks but may restrict margins compared to integrated competitors. Its global distribution network and strong aftermarket services further differentiate it. The rise of e-commerce and smart warehouses presents growth opportunities, but Interroll must continue investing in R&D to maintain its technological lead against low-cost Asian manufacturers.