Sonova Holding AG (XSWX:SOON) Intrinsic Value: Projected FCF: CHF159.83 (As of Sep. 02, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:SOON Sonova Holding AG XSWX:SOON
89 GF Score
Price CHF234.00
GF Value CHF252.72
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Sonova Holding AG Intrinsic Value: Projected FCF?

Sonova Holding AG XSWX:SOON +0.78% 89 Intrinsic Value: Projected FCF is CHF159.83 as of Sep. 02, 2026. GuruFocus rates XSWX:SOON with a GF Score™ of 89/100 and a GF Value™ of CHF252.72 (Fairly Valued). The stock has 6 warning signs investors should review. Among 415 Medical Devices & Instruments companies, Sonova Holding AG ranks better than 51.33% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-02), Sonova Holding AG's Intrinsic Value: Projected FCF is CHF159.83. The stock price of Sonova Holding AG is CHF234.00. Therefore, Sonova Holding AG's Price-to-Intrinsic-Value-Projected-FCF of today is 1.5.

The historical rank and industry rank for Sonova Holding AG's Intrinsic Value: Projected FCF or its related term are showing as below:

XSWX:SOON' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.12   Med: 1.65   Max: 2.72
Current: 1.46

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Sonova Holding AG was 2.72. The lowest was 1.12. And the median was 1.65.

XSWX:SOON's Price-to-Projected-FCF is ranked better than
51.33% of 415 companies
in the Medical Devices & Instruments industry
Industry Median: 1.51 vs XSWX:SOON: 1.46

Sonova Holding AG  (XSWX:SOON) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Sonova Holding AG's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=234.00/159.82576788415
=1.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sonova Holding AG Intrinsic Value: Projected FCF Related Terms


Sonova Holding AG Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Sonova Holding AG's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sonova Holding AG Intrinsic Value: Projected FCF Chart

Sonova Holding AG Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 142.46 155.51 164.12 166.40 159.83

Sonova Holding AG Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 164.12 0.00 166.40 0.00 159.83

XSWX:SOON vs ABT, SYK, MDT: Intrinsic Value: Projected FCF Comparison

For the Medical Devices subindustry, Sonova Holding AG's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sonova Holding AG Price-to-Projected-FCF vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Sonova Holding AG's Price-to-Projected-FCF falls into.


XSWX:SOON
89GF Score
Sonova Holding AG XSWX:SOON
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sonova Holding AG Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Sonova Holding AG's Free Cash Flow(6 year avg) = CHF681.27.

Sonova Holding AG's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar26)*0.8)/Shares Outstanding (Diluted Average)
=(10.918777632373*681.27142857143+2613.9*0.8)/59.626
=159.83

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of CHF159.83 mean?
Sonova Holding AG (XSWX:SOON) has a Intrinsic Value: Projected FCF of CHF159.83 as of Sep. 02, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Sonova Holding AG and its competitors. According to the industry distribution chart, Sonova Holding AG ranks #202 out of 415 companies in the Medical Devices & Instruments industry, placing it in the top 48.7%.
Is Sonova Holding AG's Intrinsic Value: Projected FCF too high?
Sonova Holding AG's current Intrinsic Value: Projected FCF is CHF159.83. Based on the distribution chart, Sonova Holding AG ranks #202 out of 415 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Sonova Holding AG has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sonova Holding AG's Intrinsic Value: Projected FCF compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Sonova Holding AG ranks #202 out of 415 companies for Intrinsic Value: Projected FCF. This puts Sonova Holding AG in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 1.51. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Medical Devices & Instruments company?
The median Intrinsic Value: Projected FCF among Medical Devices & Instruments companies is 1.51, based on 415 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Sonova Holding AG and its competitors. For the Medical Devices & Instruments industry, the median Intrinsic Value: Projected FCF is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sonova Holding AG's current Intrinsic Value: Projected FCF is CHF159.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonova Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Sonova Holding AG (XSWX:SOON) is currently considered Fairly Valued. The stock's GF Value™ is CHF252.72, compared to a current price of CHF234.00 — trading 7.4% below its estimated fair value. The current Intrinsic Value: Projected FCF is CHF159.83. Sonova Holding AG's overall GF Score™ is 89/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Sonova Holding AG (XSWX:SOON), the current Intrinsic Value: Projected FCF is CHF159.83 as of Sep. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sonova Holding AG (XSWX:SOON) Overvalued in 2026?

Based on GuruFocus' analysis, Sonova Holding AG stock appears to be undervalued. The current stock price of CHF234.00 is trading 7.4% below its estimated GF Value™ of CHF252.72. GuruFocus considers Sonova Holding AG to be Fairly Valued.

Key valuation signals for XSWX:SOON:

  • Intrinsic Value: Projected FCF: CHF159.83
  • GF Value™: CHF252.72 vs. price of CHF234.00 (7.4% below fair value)
  • GF Score™: 89/100 with 6 warning signs

No single metric tells the full story. See the XSWX:SOON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sonova Holding AG Business Description

Address Laubisrutistrasse 28, Stafa, CHE, CH-8712
Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants and audio technologies.
89GF Score

Get the complete analysis for XSWX:SOON

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF234.00
Price
CHF252.72
GF Value