Reported Earnings • Jul 28
First half 2026 earnings released: EPS: CHF0.13 (vs CHF0.014 in 1H 2025) First half 2026 results: EPS: CHF0.13 (up from CHF0.014 in 1H 2025). Revenue: CHF26.1m (up 3.9% from 1H 2025). Net income: CHF1.77m (up CHF1.58m from 1H 2025). Profit margin: 6.8% (up from 0.7% in 1H 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Barbara Pavik was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Mar 26
Bellevue Group Ag Approves an Ordinary Dividend, Payable on March 30, 2026 At the Annual General Meeting on March 24, 2026, the shareholders of Bellevue Group AG approved An ordinary dividend of CHF 0.15 per share will be paid. Bellevue Group shares will trade ex-dividend on March 26, 2026. The payment is made on March 30, 2026, including the deduction of 35% withholding tax. Upcoming Dividend • Mar 20
Upcoming dividend of CHF0.15 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 30 March 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (3.6%). Lower than average of industry peers (3.5%). Declared Dividend • Mar 06
Dividend of CHF0.15 announced Shareholders will receive a dividend of CHF0.15. Ex-date: 26th March 2026 Payment date: 30th March 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is well covered by cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. However, EPS has declined by 39% over the last 5 years so the company would need to reverse this trend. Annonce • Mar 05
Bellevue Group AG, Annual General Meeting, Mar 24, 2026 Bellevue Group AG, Annual General Meeting, Mar 24, 2026, at 16:00 W. Europe Standard Time. New Risk • Mar 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swiss stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (486% payout ratio). Profit margins are more than 30% lower than last year (3.6% net profit margin). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CHF9.08, the stock trades at a trailing P/E ratio of 63x. Average trailing P/E is 17x in the Capital Markets industry in Switzerland. Total loss to shareholders of 72% over the past three years. Annonce • Feb 25
Bellevue Group AG to Report First Half, 2026 Results on Jul 23, 2026 Bellevue Group AG announced that they will report first half, 2026 results on Jul 23, 2026 New Risk • Feb 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (486% payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Annonce • Dec 22
Bellevue Group AG to Report Fiscal Year 2025 Results on Feb 24, 2026 Bellevue Group AG announced that they will report fiscal year 2025 results at 7:00 AM, Central European Standard Time on Feb 24, 2026 Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CHF10.25, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 17x in the Capital Markets industry in Switzerland. Total loss to shareholders of 67% over the past three years. Annonce • Oct 11
The management of adbodmer ag acquired adbodmer ag from Bellevue Group AG (SWX:BBN) in a management buyout transaction. The management of adbodmer ag acquired adbodmer ag from Bellevue Group AG (SWX:BBN) in a management buyout transaction on October 9, 2025. Bellevue will continue to benefit from adbodmer's expertise.
The management of adbodmer ag completed the acquisition of adbodmer ag from Bellevue Group AG (SWX:BBN) in a management buyout transaction on October 9, 2025. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CHF8.40, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 17x in the Capital Markets industry in Switzerland. Total loss to shareholders of 68% over the past three years. Reported Earnings • Jul 28
First half 2025 earnings released: EPS: CHF0.014 (vs CHF0.56 in 1H 2024) First half 2025 results: EPS: CHF0.014 (down from CHF0.56 in 1H 2024). Revenue: CHF25.2m (down 32% from 1H 2024). Net income: CHF185.0k (down 98% from 1H 2024). Profit margin: 0.7% (down from 20% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. New Risk • Jul 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swiss stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 179% Earnings have declined by 11% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CHF8.04, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 15x in the Capital Markets industry in Switzerland. Total loss to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CHF10.00, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 15x in the Capital Markets industry in Switzerland. Total loss to shareholders of 69% over the past three years. Upcoming Dividend • Mar 14
Upcoming dividend of CHF0.70 per share Eligible shareholders must have bought the stock before 20 March 2025. Payment date: 24 March 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.8%. Within top quartile of Swiss dividend payers (4.1%). Higher than average of industry peers (3.1%). New Risk • Mar 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 179% Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Declared Dividend • Feb 28
Dividend reduced to CHF0.70 Dividend of CHF0.70 is 39% lower than last year. Ex-date: 20th March 2025 Payment date: 24th March 2025 Dividend yield will be 5.1%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (295% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. However, EPS has declined by 14% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: CHF0.69 (vs CHF1.15 in FY 2023) Full year 2024 results: EPS: CHF0.69 (down from CHF1.15 in FY 2023). Revenue: CHF70.2m (down 14% from FY 2023). Net income: CHF9.16m (down 40% from FY 2023). Profit margin: 13% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Annonce • Feb 25
Bellevue Group AG to Report First Half, 2025 Results on Jul 24, 2025 Bellevue Group AG announced that they will report first half, 2025 results on Jul 24, 2025 New Risk • Feb 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by earnings (104% payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 3.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (104% payout ratio). Share price has been volatile over the past 3 months (3.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CHF13.90, the stock trades at a trailing P/E ratio of 12.5x. Average forward P/E is 15x in the Capital Markets industry in Switzerland. Total loss to shareholders of 62% over the past three years. Annonce • Dec 03
Bellevue Group AG to Report Fiscal Year 2024 Results on Feb 25, 2025 Bellevue Group AG announced that they will report fiscal year 2024 results on Feb 25, 2025 New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings have declined by 4.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 172% Earnings have declined by 4.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (4.8% average weekly change). Upcoming Dividend • Mar 15
Upcoming dividend of CHF1.15 per share Eligible shareholders must have bought the stock before 22 March 2024. Payment date: 26 March 2024. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 5.2%. Within top quartile of Swiss dividend payers (4.1%). Higher than average of industry peers (2.7%). Declared Dividend • Feb 29
Dividend of CHF1.15 announced Shareholders will receive a dividend of CHF1.15. Ex-date: 22nd March 2024 Payment date: 26th March 2024 Dividend yield will be 5.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio) nor is it covered by cash flows (192% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control. However, EPS has declined by 3.6% over the last 5 years so the company would need to reverse this trend. New Risk • Feb 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Cash payout ratio: 192% Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Annonce • Aug 30
Bellevue Group AG Announces CEO Changes Bellevue Group AG has hired Gebhard Giselbrecht as new CEO as of January 1, 2024. He succeeds André Rüegg, who will leave the Group by mutual agreement after 15 years, eight of which as CEO. The Board of Directors and CEO André Rüegg have jointly come to the conclusion that new impulses and ideas will be beneficial for the further sustainable development of Bellevue Group. André Rüegg will ensure a professional handover to Gebhard Giselbrecht. Gebhard Giselbrecht has extensive experience in Swiss and international asset management in the areas of strategy, sales, management/COO and the development of new business areas. During his long career in asset management at Credit Suisse, he successfully held various key positions, including Head of Client Coverage Switzerland/EMEA, COO and Head Strategy Switzerland/EMEA, Head Asset Management in Singapore, COO Asset Management Asia Pacific as well as Business Development and M&A. Prior to his career at Credit Suisse, he worked for McKinsey & Company in Munich and Zurich in the financial sector. Gebhard Giselbrecht holds a degree from the University of St. Gallen and an MBA/MBI from the Rotterdam School of Management. New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 31% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 97% Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin). Annonce • Jul 25
Bellevue Group AG, Annual General Meeting, Mar 20, 2024 Bellevue Group AG, Annual General Meeting, Mar 20, 2024, at 16:00 Central European Standard Time. Buying Opportunity • Jul 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be CHF31.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 21%. Price Target Changed • Jul 02
Price target decreased by 30% to CHF29.00 Down from CHF41.50, the current price target is provided by 1 analyst. New target price is 9.2% above last closing price of CHF26.55. Stock is down 18% over the past year. The company posted earnings per share of CHF1.90 last year. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CHF32.25, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 12x in the Capital Markets industry in Switzerland. Total returns to shareholders of 77% over the past three years. Upcoming Dividend • Mar 16
Upcoming dividend of CHF2.00 per share at 5.6% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 27 March 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.6%. Within top quartile of Swiss dividend payers (4.3%). Higher than average of industry peers (3.6%). Buying Opportunity • Dec 06
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be CHF46.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. Buying Opportunity • Nov 16
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be CHF45.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. Price Target Changed • Nov 16
Price target decreased to CHF35.00 Down from CHF42.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CHF36.75. Stock is down 14% over the past year. The company posted earnings per share of CHF3.24 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Katrin Wehr-Seiter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 01
First half 2022 earnings released: EPS: CHF1.07 (vs CHF1.69 in 1H 2021) First half 2022 results: EPS: CHF1.07 (down from CHF1.69 in 1H 2021). Revenue: CHF46.3m (down 37% from 1H 2021). Net income: CHF14.3m (down 36% from 1H 2021). Profit margin: 31% (in line with 1H 2021). Over the next year, revenue is expected to shrink by 4.8% compared to a 7.6% decline forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annonce • Jul 30
Bellevue Group AG, Annual General Meeting, Mar 21, 2023 Bellevue Group AG, Annual General Meeting, Mar 21, 2023, at 16:00 Central European Standard Time. Annonce • Jun 15
Bellevue Group Provides Earnings Guidance for the First Half of 2022 Based on the currently available internal May figures, Bellevue Group expected a significantly lower business result for the first half of 2022 compared to the previous year. The slowdown in business development is in particular due to the market turbulence resulting from the departure from the expansive monetary policy, rising inflation fears and acute geopolitical uncertainties in the first half of the year. In addition, the reduced demand for small and medium-sized companies with great innovative strength in the healthcare sector - Bellevue's recognized investment expertise - that was already noticeable in the fourth quarter of 2021 continued in the first half of 2022. The reduced customer assets due to the very challenging market environment will lead to an approximately 15-20% lower operating result in the first half of 2022. In addition, the half-year result will be reduced by approximately 20% year-on-year due to non-recurring, unrealized losses on investments in proprietary products and financial investments for participation programs. This loss is due to the ongoing market dislocations in the healthcare sector, after gains were made on these investments in the previous year. These developments add up to an expected lower half-year result for Bellevue in 2022 of around 35% to 40%. Bellevue's customer base remained very stable even in this exceptional environment. In view of the persistently uncertain geopolitical situation and the continuing very high market volatility, Bellevue expects business to remain subdued for the rest of the year. The very stable and broad-based customer base forms a solid foundation for long-term business development. The medium to long-term growth prospects based on clear positioning remain intact. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Katrin Wehr-Seiter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Katrin Wehr-Seiter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 17
Upcoming dividend of CHF2.70 per share Eligible shareholders must have bought the stock before 24 March 2022. Payment date: 28 March 2022. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Swiss dividend payers (3.7%). Higher than average of industry peers (2.5%). Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CHF3.24 (up from CHF1.72 in FY 2020). Revenue: CHF140.3m (up 27% from FY 2020). Net income: CHF43.1m (up 87% from FY 2020). Profit margin: 31% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Funds under management (FUM) Beginning of period: CHF12.0b End of period: CHF12.8b Net inflows/outflows: CHF67.0m inflow Revenue missed analyst estimates by 3.8%. Over the next year, revenue is expected to shrink by 2.1% compared to a 7.0% growth forecast for the funds industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. Buying Opportunity • Mar 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.5%. The fair value is estimated to be CHF45.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% per annum over the last 3 years. Earnings per share has grown by 8.9% per annum over the last 3 years. Annonce • Mar 03
Bellevue Group AG Announces That the Board of Directors Will Propose Dividend At the Annual General Meeting on March 22, 2022 Bellevue Group AG announced that the Board of Directors will propose a dividend of CHF 2.70 per share at the Annual General Meeting on March 22, 2022, which corresponds to an increase of 80% from the prior-year dividend of CHF 1.50. The proposed dividend yields 6.6%. Price Target Changed • Oct 04
Price target increased to CHF43.00 Up from CHF40.00, the current price target is provided by 1 analyst. New target price is 12% above last closing price of CHF38.50. Stock is up 65% over the past year. Reported Earnings • Aug 03
First half 2021 earnings released: EPS CHF1.69 (vs CHF0.46 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CHF73.6m (up 51% from 1H 2020). Net income: CHF22.5m (up 262% from 1H 2020). Profit margin: 31% (up from 13% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 19
Bellevue Group AG Announces Earnings Guidance for the First Half of 2021 Bellevue Group AG announced earnings guidance for the first half of 2021. For the period, the company expects to report a significant increase in its profits for the first half of 2021. Consolidated net profit for the first half will tentatively exceed the CHF 20 million mark. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CHF35.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Capital Markets industry in Switzerland. Total returns to shareholders of 110% over the past three years. Annonce • Mar 25
Bellevue Group AG Approves Special Dividend, Payable on March 29, 2021 At the Annual General Meeting on March 23, 2021, the shareholders of Bellevue Group AG approved a special dividend of CHF 2.50 per share will be paid. Bellevue Group shares will trade ex-dividend on March 25, 2021. The payment is made on March 29, 2021, including the deduction of 35% withholding tax. Upcoming Dividend • Mar 18
Upcoming Dividend of CHF4.00 Per Share Will be paid on the 29th of March to those who are registered shareholders by the 25th of March. The trailing yield of 9.7% is in the top quartile of Swiss dividend payers (3.6%), and it is higher than industry peers (2.5%). Reported Earnings • Mar 05
Full year 2020 earnings released: EPS CHF1.72 (vs CHF1.26 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CHF109.9m (up 5.2% from FY 2019). Net income: CHF23.0m (up 37% from FY 2019). Profit margin: 21% (up from 16% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 7.5% while theCapital Markets industry in Switzerland is not expected to grow. Is New 90 Day High Low • Feb 24
New 90-day high: CHF39.00 The company is up 34% from its price of CHF29.10 on 26 November 2020. The Swiss market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 15% share price gain to CHF35.90, the stock is trading at a trailing P/E ratio of 35.7x, up from the previous P/E ratio of 30.9x. This compares to an average P/E of 19x in the Capital Markets industry in Switzerland. Total returns to shareholders over the past three years are 81%. Is New 90 Day High Low • Jan 30
New 90-day high: CHF34.90 The company is up 45% from its price of CHF24.10 on 30 October 2020. The Swiss market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 29% over the same period. Annonce • Jan 29
Bellevue Group AG to Report First Half, 2021 Results on Jul 29, 2021 Bellevue Group AG announced that they will report first half, 2021 results on Jul 29, 2021 Is New 90 Day High Low • Jan 04
New 90-day high: CHF31.30 The company is up 33% from its price of CHF23.60 on 06 October 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: CHF30.10 The company is up 27% from its price of CHF23.70 on 17 September 2020. The Swiss market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 16% share price gain to CHF29.70, the stock is trading at a trailing P/E ratio of 29.5x, up from the previous P/E ratio of 25.3x. This compares to an average P/E of 16x in the Capital Markets industry in Switzerland. Total returns to shareholders over the past three years are 61%. Is New 90 Day High Low • Nov 11
New 90-day high: CHF26.20 The company is up 16% from its price of CHF22.50 on 12 August 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day high: CHF24.50 The company is up 1.0% from its price of CHF24.20 on 24 July 2020. The Swiss market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 2.0% over the same period. Annonce • Sep 06
Bellevue Group AG to Report Fiscal Year 2020 Results on Mar 03, 2021 Bellevue Group AG announced that they will report fiscal year 2020 results on Mar 03, 2021 Annonce • Jul 31
Quintet Private Bank (Europe) S.A. completed the acquisition of Bank am Bellevue AG from Bellevue Group AG (SWX:BBN). KBL European Private Bankers S.A. agreed to acquire Bank am Bellevue AG from Bellevue Group AG (SWX:BBN) on August 20, 2019. KBL European Private Bankers S.A. will take over the Bank with its current staff of 22 and assets under management of CHF 1.7 billion. This transaction will not affect the asset management and private market business of Bellevue Group AG, which will be continued without any change. As on September 1, 2019, Dagmar Kamber Borens will serve as Chief Executive Officer of Swiss business of KBL European Private Bankers S.A. The deal is subject to regulatory approval. The closing of the transaction is expected by the first quarter of 2020. The proceeds from this transaction will accelerate the further development of Bellevue Group AG. Daniel Hasler and Benjamin Leisinger of Homburger AG acted as legal advisor to KBL European Private Bankers S.A. Markus Pfenninger, Mark A. Reutter. Ueli Sommer and Daniel Zimmerli of Walder Wyss Ltd. acted as legal advisor to Bellevue Group.
Quintet Private Bank (Europe) S.A. completed the acquisition of Bank am Bellevue AG from Bellevue Group AG (SWX:BBN) on April 30, 2020. The workforce and its client relationships of Bank am Bellevue AG along with underlying assets of CHF 1.6 billion have been transferred to Quinte as a part of the transaction. The transaction received regulatory approval.