View ValuationLuzerner Kantonalbank 향후 성장Future 기준 점검 1/6Luzerner Kantonalbank의 수익이 증가할 것으로 예상됨입니다. 주당 순이익은 증가 연간 6%할 것으로 예상됩니다.핵심 정보n/a이익 성장률5.98%EPS 성장률Banks 이익 성장8.9%매출 성장률5.6%향후 자기자본이익률7.11%애널리스트 커버리지Low마지막 업데이트21 Aug 2026최근 향후 성장 업데이트Price Target Changed • Apr 04Price target decreased by 7.4% to CHF87.00Down from CHF94.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CHF70.30. Stock is down 14% over the past year. The company posted earnings per share of CHF5.38 last year.모든 업데이트 보기Recent updatesBoard Change • May 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director Bernadette Koch was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 12First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: CHF174.5m (up 4.9% from 1Q 2025). Net income: CHF80.1m (up 4.5% from 1Q 2025). Profit margin: 46% (in line with 1Q 2025). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Switzerland.Upcoming Dividend • Apr 09Upcoming dividend of CHF2.70 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 20 April 2026. Trailing yield: 2.5%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (2.8%).공고 • Mar 23Luzerner Kantonalbank AG, Annual General Meeting, Apr 13, 2026Luzerner Kantonalbank AG, Annual General Meeting, Apr 13, 2026, at 18:00 W. Europe Standard Time.Reported Earnings • Feb 11Full year 2025 earnings released: EPS: CHF5.97 (vs CHF5.81 in FY 2024)Full year 2025 results: EPS: CHF5.97 (up from CHF5.81 in FY 2024). Revenue: CHF660.6m (up 1.6% from FY 2024). Net income: CHF295.5m (up 3.1% from FY 2024). Profit margin: 45% (in line with FY 2024). Cost-to-income ratio: 46.1% (down from 50.4% in FY 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.Declared Dividend • Feb 07Dividend increased to CHF2.70Dividend of CHF2.70 is 3.8% higher than last year. Ex-date: 16th April 2026 Payment date: 20th April 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be well covered in 3 years' time (45% forecast payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.공고 • Feb 06Luzerner Kantonalbank AG announces Annual dividend, payable on April 20, 2026Luzerner Kantonalbank AG announced Annual dividend of CHF 1.3500 per share payable on April 20, 2026, ex-date on April 16, 2026 and record date on April 17, 2026.Buy Or Sell Opportunity • Jan 07Now 20% undervaluedOver the last 90 days, the stock has risen 16% to CHF93.50. The fair value is estimated to be CHF117, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Reported Earnings • Oct 26Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: CHF161.3m (up 3.0% from 3Q 2024). Net income: CHF72.6m (up 1.9% from 3Q 2024). Profit margin: 45% (in line with 3Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Switzerland.Reported Earnings • Aug 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: CHF166.1m (up 6.8% from 2Q 2024). Net income: CHF74.1m (up 6.0% from 2Q 2024). Profit margin: 45% (in line with 2Q 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Banks industry in Switzerland.Reported Earnings • Apr 14First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: CHF1.55. Revenue: CHF166.4m (up 11% from 1Q 2024). Net income: CHF76.6m (up 2.4% from 1Q 2024). Profit margin: 46% (down from 50% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Banks industry in Switzerland.Upcoming Dividend • Apr 10Upcoming dividend of CHF2.60 per shareEligible shareholders must have bought the stock before 17 April 2025. Payment date: 23 April 2025. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Swiss dividend payers (4.3%). In line with average of industry peers (3.8%).Declared Dividend • Mar 17Dividend of CHF2.60 announcedShareholders will receive a dividend of CHF2.60. Ex-date: 17th April 2025 Payment date: 23rd April 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be well covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공고 • Mar 17Luzerner Kantonalbank AG, Annual General Meeting, Apr 14, 2025Luzerner Kantonalbank AG, Annual General Meeting, Apr 14, 2025, at 18:00 W. Europe Standard Time.공고 • Mar 16Luzerner Kantonalbank AG announces Annual dividend, payable on April 23, 2025Luzerner Kantonalbank AG announced Annual dividend of CHF 1.3000 per share payable on April 23, 2025, ex-date on April 17, 2025 and record date on April 22, 2025.공고 • Apr 17Swiss Prime Site Solutions AG completed the acquisition of Fundamenta Group (Schweiz) AG and Fundamenta Group Deutschland AG from Garcia and Marxer families, Luzerner Kantonalbank AG (SWX:LUKN) and the management.Swiss Prime Site Solutions AG agreed to acquire Fundamenta Group (Schweiz) AG and Fundamenta Group Deutschland AG from Garcia and Marxer families, Luzerner Kantonalbank AG (SWX:LUKN) and the management on March 14, 2024. The acquisition is being financed with shares from the authorized capital of Swiss Prime Site 25% and cash from available liquidity 75%. Swiss Prime Site will acquire all naming rights for Fundamenta. Belvédère Asset Management will remain in the ownership of the existing shareholders together with the associated brand and will continue to operate unchanged. The transaction is expected to be completed in the second quarter of 2024; no further approvals are necessary. Daniel Hasler, Stefan Blunschi, Jürg Frick, Dieter Grünblatt and Richard Stäuber of Homburger AG acted as legal advisor to Swiss Prime Site Solutions. Swiss Prime Site Solutions AG completed the acquisition of Fundamenta Group (Schweiz) AG and Fundamenta Group Deutschland AG from Garcia and Marxer families, Luzerner Kantonalbank AG (SWX:LUKN) and the management on April 15, 2024.Upcoming Dividend • Apr 11Upcoming dividend of CHF2.50 per shareEligible shareholders must have bought the stock before 18 April 2024. Payment date: 22 April 2024. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Swiss dividend payers (4.0%). In line with average of industry peers (3.7%).Price Target Changed • Apr 04Price target decreased by 7.4% to CHF87.00Down from CHF94.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CHF70.30. Stock is down 14% over the past year. The company posted earnings per share of CHF5.38 last year.Reported Earnings • Mar 20Full year 2023 earnings released: EPS: CHF5.38 (vs CHF5.34 in FY 2022)Full year 2023 results: EPS: CHF5.38 (up from CHF5.34 in FY 2022). Revenue: CHF614.9m (up 5.0% from FY 2022). Net income: CHF265.4m (up 17% from FY 2022). Profit margin: 43% (up from 39% in FY 2022). The increase in margin was primarily driven by higher revenue. Cost-to-income ratio: 45.6% (up from 44.7% in FY 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 01Full year 2023 earnings releasedFull year 2023 results: Revenue: CHF614.9m (up 5.0% from FY 2022). Net income: CHF265.4m (up 17% from FY 2022). Profit margin: 43% (up from 39% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Switzerland.Reported Earnings • Oct 31Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: CHF124.2m (up 7.9% from 3Q 2022). Net income: CHF70.1m (up 23% from 3Q 2022). Profit margin: 56% (up from 50% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Switzerland.Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 80%After last week's 80% share price decline to CHF81.40, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 16x in the Banks industry in Switzerland. Total loss to shareholders of 76% over the past three years.Buying Opportunity • Apr 25Now 64% undervalued after recent price dropOver the last 90 days, the stock is down 81%. The fair value is estimated to be CHF229, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Upcoming Dividend • Apr 13Upcoming dividend of CHF12.50 per share at 3.1% yieldEligible shareholders must have bought the stock before 20 April 2023. Payment date: 24 April 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (3.6%).Reported Earnings • Mar 22Full year 2022 earnings released: EPS: CHF26.71 (vs CHF26.09 in FY 2021)Full year 2022 results: EPS: CHF26.71 (up from CHF26.09 in FY 2021). Revenue: CHF585.7m (flat on FY 2021). Net income: CHF226.6m (up 2.4% from FY 2021). Profit margin: 39% (in line with FY 2021). Cost-to-income ratio: 44.7% (up from 42.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.Reported Earnings • Feb 09Full year 2022 earnings releasedFull year 2022 results: Revenue: CHF585.7m (flat on FY 2021). Net income: CHF226.6m (up 2.4% from FY 2021). Profit margin: 39% (in line with FY 2021).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Vice Chairman of the Board Martha Scheiber was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: CHF140.7m (down 14% from 3Q 2021). Net income: CHF57.1m (flat on 3Q 2021). Profit margin: 41% (up from 34% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Banks industry in Switzerland.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Roger Studer was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 07Upcoming dividend of CHF12.50 per shareEligible shareholders must have bought the stock before 14 April 2022. Payment date: 20 April 2022. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Swiss dividend payers (3.8%). Lower than average of industry peers (3.7%).Reported Earnings • Feb 05Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: CHF581.3m (up 9.4% from FY 2020). Net income: CHF221.4m (up 5.0% from FY 2020). Profit margin: 38% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 2.0% growth forecast for the banks industry in Switzerland.Reported Earnings • Nov 03Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CHF138.7m (up 9.7% from 3Q 2020). Net income: CHF56.6m (up 2.7% from 3Q 2020). Profit margin: 41% (down from 44% in 3Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Apr 17First quarter 2021 earnings released: EPS CHF6.47The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CHF138.1m (up 13% from 1Q 2020). Net income: CHF54.9m (up 6.0% from 1Q 2020). Profit margin: 40% (down from 42% in 1Q 2020). The decrease in margin was driven by higher expenses.Upcoming Dividend • Apr 15Upcoming dividend of CHF12.50 per shareEligible shareholders must have bought the stock before 22 April 2021. Payment date: 26 April 2021. Trailing yield: 2.9%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (3.5%).Reported Earnings • Mar 20Full year 2020 earnings released: EPS CHF24.88 (vs CHF24.17 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CHF531.1m (up 5.3% from FY 2019). Net income: CHF210.9m (up 2.9% from FY 2019). Profit margin: 40% (in line with FY 2019). Cost-to-income ratio: 45.7% (down from 47.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 24New 90-day high: CHF418The company is up 5.0% from its price of CHF400 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 Banks industry, which is flat over the same period.Is New 90 Day High Low • Feb 03New 90-day high: CHF409The company is up 2.0% from its price of CHF402 on 05 November 2020. The Swiss market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is up 1.0% over the same period.Is New 90 Day High Low • Nov 05New 90-day high: CHF408The company is up 8.0% from its price of CHF376 on 06 August 2020. The Swiss market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 2.0% over the same period.이익 및 매출 성장 예측SWX:LUKN - 애널리스트 향후 추정치 및 과거 재무 데이터 (CHF Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028789N/AN/AN/A212/31/2027755N/AN/AN/A212/31/2026729N/AN/AN/A23/31/2026669299N/AN/AN/A12/31/2025661295N/AN/AN/A9/30/2025682294N/AN/AN/A6/30/2025678293N/AN/AN/A3/31/2025667288N/AN/AN/A12/31/2024651287-565-561N/A9/30/2024644283N/AN/AN/A6/30/2024630282N/AN/AN/A3/31/2024623279N/AN/AN/A12/31/2023615265-4,397-4,379N/A9/30/2023614257N/AN/AN/A6/30/2023587244N/AN/AN/A3/31/2023589232N/AN/AN/A12/31/20225862271,4871,537N/A9/30/2022580222N/AN/AN/A6/30/2022586221N/AN/AN/A3/31/2022581222N/AN/AN/A12/31/2021581221-3,231-3,166N/A9/30/2021575220N/AN/AN/A6/30/2021571218N/AN/AN/A3/31/2021558219N/AN/AN/A12/31/2020531211-1,235-1,147N/A9/30/2020515212N/AN/AN/A6/30/2020512208N/AN/AN/A3/31/2020492201N/AN/AN/A12/31/2019504205N/A-687N/A9/30/2019499205N/AN/AN/A6/30/2019487201N/AN/AN/A3/31/2019484201N/AN/AN/A12/31/2018482200N/A1,706N/A9/30/2018475197N/AN/AN/A6/30/2018481202N/AN/AN/A3/31/2018481202N/AN/AN/A12/31/2017475198N/A-212N/A9/30/2017477199N/AN/AN/A6/30/2017459194N/AN/AN/A3/31/2017455191N/AN/AN/A12/31/2016447187N/A669N/A9/30/2016438183N/AN/AN/A6/30/2016436178N/AN/AN/A3/31/2016426177N/AN/AN/A12/31/2015429180N/A1,436N/A9/30/2015421177N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: LUKN 의 예상 수익 증가율이 절약률(0.6%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: LUKN 의 수익이 Swiss 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: LUKN 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: LUKN 의 수익(연간 5.6%)이 Swiss 시장(연간 5.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: LUKN 의 수익(연간 5.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: LUKN의 자본 수익률은 3년 후 7.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/21 16:50종가2026/08/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Luzerner Kantonalbank AG는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Walter Bamert-Alarcón LangenbachZürcher KantonalbankAusano Cajrati Crivelli Mesmer NobiliZürcher Kantonalbank
Price Target Changed • Apr 04Price target decreased by 7.4% to CHF87.00Down from CHF94.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CHF70.30. Stock is down 14% over the past year. The company posted earnings per share of CHF5.38 last year.
Board Change • May 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director Bernadette Koch was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 12First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: CHF174.5m (up 4.9% from 1Q 2025). Net income: CHF80.1m (up 4.5% from 1Q 2025). Profit margin: 46% (in line with 1Q 2025). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Switzerland.
Upcoming Dividend • Apr 09Upcoming dividend of CHF2.70 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 20 April 2026. Trailing yield: 2.5%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (2.8%).
공고 • Mar 23Luzerner Kantonalbank AG, Annual General Meeting, Apr 13, 2026Luzerner Kantonalbank AG, Annual General Meeting, Apr 13, 2026, at 18:00 W. Europe Standard Time.
Reported Earnings • Feb 11Full year 2025 earnings released: EPS: CHF5.97 (vs CHF5.81 in FY 2024)Full year 2025 results: EPS: CHF5.97 (up from CHF5.81 in FY 2024). Revenue: CHF660.6m (up 1.6% from FY 2024). Net income: CHF295.5m (up 3.1% from FY 2024). Profit margin: 45% (in line with FY 2024). Cost-to-income ratio: 46.1% (down from 50.4% in FY 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.
Declared Dividend • Feb 07Dividend increased to CHF2.70Dividend of CHF2.70 is 3.8% higher than last year. Ex-date: 16th April 2026 Payment date: 20th April 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be well covered in 3 years' time (45% forecast payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
공고 • Feb 06Luzerner Kantonalbank AG announces Annual dividend, payable on April 20, 2026Luzerner Kantonalbank AG announced Annual dividend of CHF 1.3500 per share payable on April 20, 2026, ex-date on April 16, 2026 and record date on April 17, 2026.
Buy Or Sell Opportunity • Jan 07Now 20% undervaluedOver the last 90 days, the stock has risen 16% to CHF93.50. The fair value is estimated to be CHF117, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Reported Earnings • Oct 26Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: CHF161.3m (up 3.0% from 3Q 2024). Net income: CHF72.6m (up 1.9% from 3Q 2024). Profit margin: 45% (in line with 3Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Switzerland.
Reported Earnings • Aug 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: CHF166.1m (up 6.8% from 2Q 2024). Net income: CHF74.1m (up 6.0% from 2Q 2024). Profit margin: 45% (in line with 2Q 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Banks industry in Switzerland.
Reported Earnings • Apr 14First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: CHF1.55. Revenue: CHF166.4m (up 11% from 1Q 2024). Net income: CHF76.6m (up 2.4% from 1Q 2024). Profit margin: 46% (down from 50% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Banks industry in Switzerland.
Upcoming Dividend • Apr 10Upcoming dividend of CHF2.60 per shareEligible shareholders must have bought the stock before 17 April 2025. Payment date: 23 April 2025. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Swiss dividend payers (4.3%). In line with average of industry peers (3.8%).
Declared Dividend • Mar 17Dividend of CHF2.60 announcedShareholders will receive a dividend of CHF2.60. Ex-date: 17th April 2025 Payment date: 23rd April 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be well covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공고 • Mar 17Luzerner Kantonalbank AG, Annual General Meeting, Apr 14, 2025Luzerner Kantonalbank AG, Annual General Meeting, Apr 14, 2025, at 18:00 W. Europe Standard Time.
공고 • Mar 16Luzerner Kantonalbank AG announces Annual dividend, payable on April 23, 2025Luzerner Kantonalbank AG announced Annual dividend of CHF 1.3000 per share payable on April 23, 2025, ex-date on April 17, 2025 and record date on April 22, 2025.
공고 • Apr 17Swiss Prime Site Solutions AG completed the acquisition of Fundamenta Group (Schweiz) AG and Fundamenta Group Deutschland AG from Garcia and Marxer families, Luzerner Kantonalbank AG (SWX:LUKN) and the management.Swiss Prime Site Solutions AG agreed to acquire Fundamenta Group (Schweiz) AG and Fundamenta Group Deutschland AG from Garcia and Marxer families, Luzerner Kantonalbank AG (SWX:LUKN) and the management on March 14, 2024. The acquisition is being financed with shares from the authorized capital of Swiss Prime Site 25% and cash from available liquidity 75%. Swiss Prime Site will acquire all naming rights for Fundamenta. Belvédère Asset Management will remain in the ownership of the existing shareholders together with the associated brand and will continue to operate unchanged. The transaction is expected to be completed in the second quarter of 2024; no further approvals are necessary. Daniel Hasler, Stefan Blunschi, Jürg Frick, Dieter Grünblatt and Richard Stäuber of Homburger AG acted as legal advisor to Swiss Prime Site Solutions. Swiss Prime Site Solutions AG completed the acquisition of Fundamenta Group (Schweiz) AG and Fundamenta Group Deutschland AG from Garcia and Marxer families, Luzerner Kantonalbank AG (SWX:LUKN) and the management on April 15, 2024.
Upcoming Dividend • Apr 11Upcoming dividend of CHF2.50 per shareEligible shareholders must have bought the stock before 18 April 2024. Payment date: 22 April 2024. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Swiss dividend payers (4.0%). In line with average of industry peers (3.7%).
Price Target Changed • Apr 04Price target decreased by 7.4% to CHF87.00Down from CHF94.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CHF70.30. Stock is down 14% over the past year. The company posted earnings per share of CHF5.38 last year.
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: CHF5.38 (vs CHF5.34 in FY 2022)Full year 2023 results: EPS: CHF5.38 (up from CHF5.34 in FY 2022). Revenue: CHF614.9m (up 5.0% from FY 2022). Net income: CHF265.4m (up 17% from FY 2022). Profit margin: 43% (up from 39% in FY 2022). The increase in margin was primarily driven by higher revenue. Cost-to-income ratio: 45.6% (up from 44.7% in FY 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 01Full year 2023 earnings releasedFull year 2023 results: Revenue: CHF614.9m (up 5.0% from FY 2022). Net income: CHF265.4m (up 17% from FY 2022). Profit margin: 43% (up from 39% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Switzerland.
Reported Earnings • Oct 31Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: CHF124.2m (up 7.9% from 3Q 2022). Net income: CHF70.1m (up 23% from 3Q 2022). Profit margin: 56% (up from 50% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Switzerland.
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 80%After last week's 80% share price decline to CHF81.40, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 16x in the Banks industry in Switzerland. Total loss to shareholders of 76% over the past three years.
Buying Opportunity • Apr 25Now 64% undervalued after recent price dropOver the last 90 days, the stock is down 81%. The fair value is estimated to be CHF229, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Upcoming Dividend • Apr 13Upcoming dividend of CHF12.50 per share at 3.1% yieldEligible shareholders must have bought the stock before 20 April 2023. Payment date: 24 April 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (3.6%).
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: CHF26.71 (vs CHF26.09 in FY 2021)Full year 2022 results: EPS: CHF26.71 (up from CHF26.09 in FY 2021). Revenue: CHF585.7m (flat on FY 2021). Net income: CHF226.6m (up 2.4% from FY 2021). Profit margin: 39% (in line with FY 2021). Cost-to-income ratio: 44.7% (up from 42.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.
Reported Earnings • Feb 09Full year 2022 earnings releasedFull year 2022 results: Revenue: CHF585.7m (flat on FY 2021). Net income: CHF226.6m (up 2.4% from FY 2021). Profit margin: 39% (in line with FY 2021).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Vice Chairman of the Board Martha Scheiber was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: CHF140.7m (down 14% from 3Q 2021). Net income: CHF57.1m (flat on 3Q 2021). Profit margin: 41% (up from 34% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Banks industry in Switzerland.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Roger Studer was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 07Upcoming dividend of CHF12.50 per shareEligible shareholders must have bought the stock before 14 April 2022. Payment date: 20 April 2022. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Swiss dividend payers (3.8%). Lower than average of industry peers (3.7%).
Reported Earnings • Feb 05Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: CHF581.3m (up 9.4% from FY 2020). Net income: CHF221.4m (up 5.0% from FY 2020). Profit margin: 38% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 2.0% growth forecast for the banks industry in Switzerland.
Reported Earnings • Nov 03Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CHF138.7m (up 9.7% from 3Q 2020). Net income: CHF56.6m (up 2.7% from 3Q 2020). Profit margin: 41% (down from 44% in 3Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Apr 17First quarter 2021 earnings released: EPS CHF6.47The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CHF138.1m (up 13% from 1Q 2020). Net income: CHF54.9m (up 6.0% from 1Q 2020). Profit margin: 40% (down from 42% in 1Q 2020). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Apr 15Upcoming dividend of CHF12.50 per shareEligible shareholders must have bought the stock before 22 April 2021. Payment date: 26 April 2021. Trailing yield: 2.9%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (3.5%).
Reported Earnings • Mar 20Full year 2020 earnings released: EPS CHF24.88 (vs CHF24.17 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CHF531.1m (up 5.3% from FY 2019). Net income: CHF210.9m (up 2.9% from FY 2019). Profit margin: 40% (in line with FY 2019). Cost-to-income ratio: 45.7% (down from 47.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 24New 90-day high: CHF418The company is up 5.0% from its price of CHF400 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 Banks industry, which is flat over the same period.
Is New 90 Day High Low • Feb 03New 90-day high: CHF409The company is up 2.0% from its price of CHF402 on 05 November 2020. The Swiss market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Nov 05New 90-day high: CHF408The company is up 8.0% from its price of CHF376 on 06 August 2020. The Swiss market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 2.0% over the same period.