Why Investors Shouldn't Be Surprised By Swiss Life Holding AG's (VTX:SLHN) Low P/E
Dec 21
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Swiss (SMI) Financials Sector Analysis
UpdatedDec 26, 2024
DataAggregated Company Financials
Companies44
- 7D0.5%
- 3M3.3%
- 1Y13.8%
- YTD15.2%
Over the last 7 days, the Financials industry has dropped 2.3%, driven by UBS Group declining 4.5%. On the other hand EFG International is actually up 6.1%. In the past year, the industry has gained 13%. Earnings are forecast to grow by 16% annually.
Sector Valuation and Performance
Has the Swiss Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Dec 2024 | CHF 341.9b | CHF 240.3b | CHF 58.0b | 14.8x | 5.9x | 1.4x |
| Sat, 23 Nov 2024 | CHF 349.0b | CHF 239.3b | CHF 58.0b | 14.5x | 6x | 1.5x |
| Mon, 21 Oct 2024 | CHF 343.8b | CHF 238.3b | CHF 56.3b | 14.5x | 6.1x | 1.4x |
| Wed, 18 Sep 2024 | CHF 324.9b | CHF 235.3b | CHF 56.1b | 14.5x | 5.8x | 1.4x |
| Fri, 16 Aug 2024 | CHF 319.7b | CHF 236.9b | CHF 56.5b | 14.6x | 5.7x | 1.3x |
| Sun, 14 Jul 2024 | CHF 329.1b | CHF 224.9b | CHF 68.4b | 14.2x | 4.8x | 1.5x |
| Tue, 11 Jun 2024 | CHF 327.0b | CHF 225.3b | CHF 68.5b | 13.6x | 4.8x | 1.5x |
| Thu, 09 May 2024 | CHF 315.4b | CHF 228.0b | CHF 68.5b | 14.1x | 4.6x | 1.4x |
| Sat, 06 Apr 2024 | CHF 324.8b | CHF 193.4b | CHF 39.3b | 13.9x | 8.3x | 1.7x |
| Mon, 04 Mar 2024 | CHF 315.3b | CHF 213.1b | CHF 51.8b | 13.7x | 6.1x | 1.5x |
| Wed, 31 Jan 2024 | CHF 311.3b | CHF 212.8b | CHF 58.8b | 13.5x | 5.3x | 1.5x |
| Fri, 29 Dec 2023 | CHF 306.7b | CHF 209.9b | CHF 57.9b | 13x | 5.3x | 1.5x |
| Sun, 26 Nov 2023 | CHF 297.4b | CHF 215.5b | CHF 59.6b | 13.3x | 5x | 1.4x |
| Tue, 24 Oct 2023 | CHF 280.4b | CHF 200.8b | CHF 49.2b | 13.5x | 5.7x | 1.4x |
| Thu, 21 Sep 2023 | CHF 296.3b | CHF 200.8b | CHF 49.3b | 14.1x | 6x | 1.5x |
| Sat, 19 Aug 2023 | CHF 269.1b | CHF 198.0b | CHF 25.0b | 14.2x | 10.8x | 1.4x |
| Mon, 17 Jul 2023 | CHF 264.2b | CHF 191.3b | CHF 23.8b | 13.9x | 11.1x | 1.4x |
| Wed, 14 Jun 2023 | CHF 266.1b | CHF 196.6b | CHF 24.4b | 15x | 10.9x | 1.4x |
| Fri, 12 May 2023 | CHF 261.8b | CHF 195.4b | CHF 24.3b | 14.5x | 10.8x | 1.3x |
| Sun, 09 Apr 2023 | CHF 276.8b | CHF 182.4b | CHF 11.9b | 15.2x | 23.2x | 1.5x |
| Tue, 07 Mar 2023 | CHF 294.3b | CHF 188.6b | CHF 12.2b | 15.3x | 24.1x | 1.6x |
| Thu, 02 Feb 2023 | CHF 287.8b | CHF 193.1b | CHF 11.4b | 14.5x | 25.2x | 1.5x |
| Sat, 31 Dec 2022 | CHF 272.7b | CHF 195.0b | CHF 11.3b | 13.8x | 24.2x | 1.4x |
| Mon, 28 Nov 2022 | CHF 274.0b | CHF 197.8b | CHF 11.6b | 13.8x | 23.7x | 1.4x |
| Wed, 26 Oct 2022 | CHF 262.4b | CHF 207.1b | CHF 17.8b | 12.6x | 14.7x | 1.3x |
| Fri, 23 Sep 2022 | CHF 256.9b | CHF 205.5b | CHF 17.7b | 12.6x | 14.5x | 1.3x |
| Sun, 21 Aug 2022 | CHF 267.1b | CHF 207.3b | CHF 17.6b | 12.8x | 15.2x | 1.3x |
| Tue, 19 Jul 2022 | CHF 256.9b | CHF 233.7b | CHF 20.3b | 12.3x | 12.7x | 1.1x |
| Thu, 16 Jun 2022 | CHF 269.6b | CHF 237.1b | CHF 20.6b | 12.5x | 13.1x | 1.1x |
| Sat, 14 May 2022 | CHF 286.3b | CHF 237.5b | CHF 21.2b | 13x | 13.5x | 1.2x |
| Mon, 11 Apr 2022 | CHF 299.0b | CHF 252.1b | CHF 46.2b | 13.1x | 6.5x | 1.2x |
| Wed, 09 Mar 2022 | CHF 264.3b | CHF 271.6b | CHF 66.8b | 12.7x | 4x | 1x |
| Fri, 04 Feb 2022 | CHF 312.8b | CHF 270.7b | CHF 67.5b | 14.7x | 4.6x | 1.2x |
| Sun, 02 Jan 2022 | CHF 299.8b | CHF 269.0b | CHF 67.4b | 14.2x | 4.4x | 1.1x |
Price to Earnings Ratio
4.4x
Current Industry PE
- Investors are pessimistic on the Swiss Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.9x which is lower than its 3-year average PE of 10.5x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Financials industry have declined 4.9% per year over the last three years,
- Revenues have also declined 3.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Swiss Financials sector?
| CH Market | 0.60% | |
| Financials | 0.51% | |
| Diversified Financial | 1.26% | |
| Consumer Finance | 0.62% | |
| Insurance | 0.59% | |
| Capital Markets | 0.56% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Banks | -0.0074% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.2x.
- Analysts are expecting annual earnings growth of 21.0%, which is higher than its past year's earnings decline of 3.3% per year.
- Investors are most pessimistic about the Diversified Financial industry, which is trading close to its 3-year average of 0.0087x.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 3.3% per year.
- In contrast, the Banks industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UBSG UBS Group | CHF 27.07 | 0.7% +CHF 573.4m | 4.4% | PE21.2x | |
| SREN Swiss Re | CHF 130.35 | 1.0% +CHF 363.0m | 38.4% | PE14.3x | |
| SLHN Swiss Life Holding | CHF 696.60 | 1.0% +CHF 201.8m | 20.6% | PE18x | |
| HELN Helvetia Holding | CHF 147.90 | 1.6% +CHF 121.5m | 28.9% | PE28.7x | |
| ZURN Zurich Insurance Group | CHF 539.00 | 0.1% +CHF 115.2m | 23.7% | PE17.6x |
