Tecan Group AG

TECN.SW

Medical - Instruments & Supplies · Healthcare

Also trades as: 0QLN.L

Price

CHF 188.10

+5.60 (+3.07%)

Market Cap

CHF 2.38B

Exchange

SIX Swiss Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 13, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Exceptional

Valuation

Data not available

Dividends

Good

Track this stock — start free trial

Share count rising — dilution

+2.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 12.3M (2021) → 12.7M (2025)

Winston Score History

The full picture

Tecan Group AG is a Swiss company that makes robots and instruments for science labs. These machines automate repetitive tasks like pipetting, mixing, and testing liquid samples, so lab workers don't have to do them by hand. Tecan sells to pharmaceutical companies, biotech firms, hospitals, and university research labs around the world.

Tecan earns money by selling its instruments upfront and then generating recurring revenue from consumables, software, and service contracts that customers need to keep the machines running. The company is headquartered in Männedorf, Switzerland, and operates globally, with strong presence in Europe, North America, and Asia. Its competitive edge comes from deep integration into customer workflows — once a lab is built around Tecan equipment, switching to a competitor is costly and disruptive. The main risk is that its margins remain under pressure, as reflected in a low operating margin, and any slowdown in pharmaceutical or biotech research spending could quickly reduce demand for new instruments.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-5.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-386.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$69M/ year

→ Flat (+0% vs prior year)

7.8% of revenue

Below sector average (18%)

Steady R&D investment year-over-year

Insider Activity

1.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$312M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Tecan Group AG's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

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

Gross Margin

34.2%

Modest — 34.2% gross margin

Operating Margin

4.9%

Thin — 4.9% operating margin

ROCE

1.6%

Weak — 1.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

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

Try free

Growth

Sales YoY

-5.5%

Shrinking sales (-5.5% YoY)

EPS YoY

-264.9%

Earnings shrinking (-264.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

2/8 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

Cash Conversion

N/A

Data not available

FCF Margin

11.6%

Modest free cash flow (11.6%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

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

Try free

Stability

Debt / Equity

0.14

Conservative — low debt load (0.14)

Interest Cover

13.48x

Comfortably covers interest (13.5x)

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

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

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

Try free

Dividends

Dividend Yield

1.59%

Small dividend — 1.59% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth

+26.6%

Dividend growing fast (26.6% YoY)

Full breakdown available with your free trial

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

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial