| Valuation method | Value, CHF | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 56.97 | 237275 |
| Intrinsic value (DCF) | 0.19 | 692 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 4.84 | 20050 |
Airesis SA (AIRE.SW) is a Switzerland-based private equity and venture capital firm specializing in investments across early, mid, and late-stage ventures, growth capital, buyouts, and pre-IPO transactions. Focused primarily on the sports brands sector, Airesis also diversifies into real estate and brand investments. The firm typically invests between $3 million in small to mid-sized companies, often taking majority stakes and board seats, with investment horizons ranging from three to seven years. Founded in 2004 and headquartered in Clarens, Switzerland, Airesis operates under a balance sheet investment model, emphasizing long-term value creation. With a market capitalization of approximately CHF 4.96 million, Airesis plays a niche role in the consumer cyclical sector, particularly in leisure and branded goods. Despite recent financial challenges, including a net loss of CHF 29.3 million in FY 2023, the firm maintains a strategic focus on high-growth potential sectors.
Airesis SA presents a high-risk, high-reward investment profile. The firm’s concentrated focus on sports brands and real estate offers exposure to niche growth markets, but its FY 2023 net loss of CHF 29.3 million and negative EPS (-CHF 0.47) raise concerns about near-term profitability. With a modest market cap of CHF 4.96 million and high total debt (CHF 107.9 million), liquidity risks are evident. However, its low beta (0.708) suggests relative resilience to market volatility. Investors may find value in Airesis’s long-term investment approach and sector specialization, but caution is warranted given its leveraged balance sheet and inconsistent cash flow generation (operating cash flow: CHF 3.26 million; capex: -CHF 4.66 million).
Airesis SA competes in a crowded private equity landscape dominated by larger firms with deeper capital reserves and broader sector diversification. Its competitive edge lies in its specialized focus on sports brands and hands-on governance (e.g., board seats in portfolio companies). However, its small scale limits its ability to compete for high-value deals against global peers. The firm’s strategy of majority stakes and balance sheet investments differentiates it from passive funds but exposes it to concentrated risks. While its Swiss base provides access to European markets, Airesis lacks the geographic reach of multinational competitors. Its recent financial underperformance (negative net income, high debt) further weakens its positioning. To thrive, Airesis must leverage its sector expertise to identify undervalued assets while improving capital efficiency.