COLTENE Holding AG — Cyborg Score 6/10

Solid
Dental Supplies & Equipment Manufacturing

Strategic Profile

COLTENE competes in the specialized dental supplies market with a focus on mechanical instruments and filling materials. The company maintains profitability with EBIT margins around 11% and targets growth exceeding market rates (3-5% vs. market 1-3%), supported by production facilities across Switzerland, the US, Germany, and Hungary.

Cyborg Score Rationale

COLTENE demonstrates solid fundamentals with $277M TTM revenue, $422M market cap, and profitable operations. The company achieves above-market growth targets and maintains reasonable margins, though it operates in a modest-scale, competitive medical supplies segment with limited growth catalysts.

Top Insights

  • Global diversification across six geographic regions reduces regional dependency and captures international dental market growth
  • Product portfolio spans full dental workflow from treatment to lab work, providing customer stickiness through bundled offerings
  • Targeting 3-5% growth outpacing market at 1-3%, with margin expansion plans to 13-15% EBIT medium-term
  • Recently proposed 2.50 CHF dividend maintaining 70% payout ratio, signaling confidence in cash generation

Named Competitors

  • Dental Supplies Division — Large integrated dental equipment and supplies manufacturer
  • Dental Consumables — Dental supply distribution and equipment
  • Dental Instruments — Dental equipment and instruments manufacturer

Recent Developments

  • (Feb 2026) Stock price at 70.64 USD with market cap of 422M USD as of February 11, 2026
  • (2024) Achieved profitable growth improving both top and bottom lines; proposed 2.50 CHF dividend
  • (2025 Outlook) Targeting 3-5% local currency growth with EBIT margin improving to ~11%

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