SIG Group AG (SCBGF)

SIG Group AG (SCBGF) — VMCI valuation read

Headline read on SCBGF: VMCI of 45/100 versus a Consumer Cyclical sector median of 50. The 5-point below-median position is what makes SIG Group AG a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on SCBGF: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on SCBGF: value (SCBGF trades at 21.0x earnings, 17% above the Consumer Cyclical median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Consumer Cyclical median (10.0%)), and risk (net debt to EBITDA of -0.9x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Cyclical 12.0x baseline.

SCBGF fell 1.8% over the trailing 7 days, with a +3.6% read on a 30-day basis.