Report published September 2, 2026
Accelleron Industries Ltd. (ACLN.S): Goldman Sachs Post-1H26 Valuation & Research Report
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- September 2, 2026
- Analysis as of
- September 1, 2026
Authors / editors: Daniela Costa (Lead Analyst), Aurelien Joubert (Analyst)
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Goldman Sachs reiterates its Neutral rating on Accelleron Industries Ltd. while slightly increasing its 12-month price target to SFr78.00 from SFr77.00. The analysts raise FY26/27E adjusted EBITA estimates by 10%/9% on strong 1H26 operational execution and datacenter tailwinds, but lower the valuation multiple due to industry oversupply risks.
Key Takeaways
- 1.Goldman Sachs raised FY26E and FY27E adjusted EBITA estimates by 10% and 9% respectively following strong 1H26 results across all business segments and increased organic sales growth guidance.
- 2.Reiterates Neutral rating with a 12-month price target increased to SFr78 (from SFr77), as higher operational estimates and model roll-forward are offset by lowering the valuation target multiplier from 2.5x to 2x to account for potential medium-term industry oversupply.
- 3.Multiple structural tailwinds support growth, including expanding datacenter power exposure (expected to reach 10% of sales by year-end), robust marine backlogs (>4-year orderbook), service penetration, and upcoming tariff refunds.
Table of Contents
- Key Data
- GS Forecast
- GS Factor Profile
- Ratios & Valuation
- Growth & Margins (%)
- Price Performance
- Income Statement ($ mn)
- Balance Sheet ($ mn)
- Cash Flow ($ mn)
- Company profile
- Exhibit 1: Accelleron company profile
- Post 2Q26 estimate increases
- Accelleron vs. European Multi-Industry
- Valuation and risks
- Disclosure Appendix
Report data
Exhibit 10: Our 12-month price target of CHF78 is based on our EV/IC ROIC/WACC valuation — as of September 1, 2026.
| Metric | Estimate | Context |
|---|---|---|
| 12m Price Target | 78.00 CHF | Raised from SFr77.00 based on EV/IC vs. ROIC/WACC methodology. |
| FY26E Organic Sales Growth (OSG) | 21.2% | Raised from 13.8% previously, tracking ahead of new management guidance of 14-17% and 3.4pp above consensus. |
| FY26E Revenue | 1525.8 USD mn | Increased from $1,437.9mn previously. |
| FY26E EPS | 3.28 USD | Increased by 10.9% from $2.96 previously. |
| Datacenter revenue share | 9% | Up from 5-6% in 2025 and expected to reach 10% by year-end 2026. |
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Authors / Editors
Reported Data Context
- 12m Price Target: 78.00 CHF (12-month forward) · Source: Goldman Sachs Global Investment Research
- FY26E Organic Sales Growth (OSG): 21.2 % (2026E) · Source: Goldman Sachs Global Investment Research
- FY26E Revenue: 1525.8 USD mn (2026E) · Source: Goldman Sachs Global Investment Research
- FY26E EPS: 3.28 USD (2026E) · Source: Goldman Sachs Global Investment Research
- Datacenter revenue share: 9 % (1H26) · Source: Company data, Goldman Sachs Global Investment Research
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