Vontobel Holding AG

SWX:VONN Stock Report

Market Cap: CHF 4.1b

Vontobel Holding Valuation

Is VONN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of VONN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: VONN (CHF73.5) is trading below our estimate of future cash flow value (CHF103.09)

Significantly Below Future Cash Flow Value: VONN is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VONN?

Key metric: As VONN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VONN. This is calculated by dividing VONN's market cap by their current earnings.
What is VONN's PE Ratio?
PE Ratio14.6x
EarningsCHF 280.10m
Market CapCHF 4.09b

Price to Earnings Ratio vs Peers

How does VONN's PE Ratio compare to its peers?

The above table shows the PE ratio for VONN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.3x
EFGN EFG International
15.7x15.55%CHF 4.8b
VZN VZ Holding
25.3x8.06%CHF 6.0b
BAER Julius Bär Gruppe
18.7x13.42%CHF 14.3b
PGHN Partners Group Holding
13.5x8.26%CHF 17.1b
VONN Vontobel Holding
14.6x8.21%CHF 4.1b

Price-To-Earnings vs Peers: VONN is good value based on its Price-To-Earnings Ratio (14.6x) compared to the peer average (18.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does VONN's PE Ratio compare vs other companies in the European Capital Markets Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VONN 14.6xIndustry Avg. 13.7xNo. of Companies41PE01224364860+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VONN is expensive based on its Price-To-Earnings Ratio (14.6x) compared to the European Capital Markets industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is VONN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VONN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.6x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: VONN is good value based on its Price-To-Earnings Ratio (14.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VONN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 73.50
CHF 69.00
-6.12%
2.71%CHF 71.00CHF 66.00n/a4
Jun ’27CHF 69.90
CHF 68.75
-1.65%
2.79%CHF 71.00CHF 66.00n/a4
May ’27CHF 66.20
CHF 68.75
+3.85%
2.79%CHF 71.00CHF 66.00n/a4
Apr ’27CHF 69.60
CHF 69.13
-0.68%
3.08%CHF 71.00CHF 65.50n/a4
Mar ’27CHF 70.20
CHF 69.13
-1.53%
3.08%CHF 71.00CHF 65.50n/a4
Feb ’27CHF 66.60
CHF 66.00
-0.90%
4.58%CHF 70.00CHF 61.50n/a4
Jan ’27CHF 64.30
CHF 64.00
-0.47%
2.92%CHF 66.00CHF 61.50n/a3
Dec ’26CHF 60.90
CHF 62.67
+2.90%
2.09%CHF 64.50CHF 61.50n/a3
Nov ’26CHF 61.00
CHF 61.50
+0.82%
4.35%CHF 64.50CHF 58.00n/a3
Oct ’26CHF 59.80
CHF 61.10
+2.17%
3.69%CHF 63.30CHF 58.00n/a3
Sep ’26CHF 61.00
CHF 63.33
+3.81%
6.82%CHF 70.00CHF 58.00n/a4
Aug ’26CHF 59.40
CHF 63.33
+6.61%
6.82%CHF 70.00CHF 58.00n/a4
Jul ’26CHF 64.00
CHF 61.00
-4.69%
11.93%CHF 70.00CHF 52.00CHF 73.504
Jun ’26CHF 61.80
CHF 61.00
-1.29%
11.93%CHF 70.00CHF 52.00CHF 69.904
May ’26CHF 59.50
CHF 61.00
+2.52%
11.93%CHF 70.00CHF 52.00CHF 66.204
Apr ’26CHF 64.20
CHF 62.33
-2.92%
9.41%CHF 70.00CHF 56.00CHF 69.604
Mar ’26CHF 66.30
CHF 62.33
-6.00%
9.41%CHF 70.00CHF 56.00CHF 70.204
Feb ’26CHF 67.40
CHF 57.57
-14.59%
9.63%CHF 65.00CHF 51.70CHF 66.603
Jan ’26CHF 63.60
CHF 57.00
-10.38%
10.81%CHF 65.00CHF 50.00CHF 64.303
Dec ’25CHF 58.10
CHF 57.00
-1.89%
10.81%CHF 65.00CHF 50.00CHF 60.903
Nov ’25CHF 56.20
CHF 57.33
+2.02%
10.10%CHF 65.00CHF 51.00CHF 61.003
Oct ’25CHF 54.90
CHF 52.75
-3.92%
4.27%CHF 55.00CHF 50.50CHF 59.802
Sep ’25CHF 55.80
CHF 52.75
-5.47%
4.27%CHF 55.00CHF 50.50CHF 61.002
Aug ’25CHF 57.60
CHF 53.15
-7.73%
3.48%CHF 55.00CHF 51.30CHF 59.402
Jul ’25CHF 54.10
CHF 51.40
-4.99%
2.72%CHF 52.80CHF 50.00CHF 64.002
CHF 69
Fair Value
6.5% overvalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/01 17:41
End of Day Share Price 2026/07/01 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vontobel Holding AG is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tomasz GrzelakBaader Helvea Equity Research
Eleni PapoulaBerenberg
Nicholas HermanCitigroup Inc