WinstonWınston
Back
MCH Group AG logo

MCH Group AG

MCHN.SW
56
Advertising Agencies · Communication Services
Also trades as: 0QPF.L
Exchange
SIX Swiss Exchange
Winston Score
56
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Good
Growth
Mixed
Cash Flow
Strong
Stability
Good
Valuation
Good

Winston Score History

The full picture

MCH Group AG is a Swiss company that organizes large trade fairs and live events. Its main business is running major exhibition venues and managing events where businesses come to show their products to buyers, industry professionals, and the public. MCH is best known for hosting Art Basel, one of the world's most prestigious art fairs, held in Basel, Miami Beach, and Hong Kong.

The company earns money by charging exhibitors for booth space, selling tickets to visitors, and providing services like booth construction and event logistics. MCH operates primarily in Switzerland and internationally through its Art Basel brand, with a market cap of around $100 million, making it a small player in the broader events industry. Its main competitive advantage is the strong reputation of its flagship events, but the business is vulnerable to economic downturns and disruptions like pandemics that can force event cancellations and sharply reduce revenue.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
93.0%
Premium pricing power — 93.0% gross margin
Profit after running costs
Operating Margin
8.6%
Modest — 8.6% operating margin
Return on the money invested
ROCE
11.6%
Below par — 11.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-2.7%
Shrinking sales (-2.7% YoY)
Profit growth
EPS YoY
+536.3%
Earnings growing fast (+536.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
200%
Turns 200% of profit into real cash
Spare cash per sale
FCF Margin
7.2%
Modest free cash flow (7.2%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
1.14
Elevated debt (1.14)
Covers its interest
Interest Cover
14.17x
Comfortably covers interest (14.2x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
10.2x
no trend
Attractive valuation — P/E 10.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-0.7
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial