Some Shareholders Feeling Restless Over VZ Holding AG's (VTX:VZN) P/E Ratio
Aug 14
Swiss (SMI) Capital Markets Industry Analysis
UpdatedAug 17, 2024
DataAggregated Company Financials
Companies22
- 7D6.2%
- 3M-3.5%
- 1Y23.4%
- YTD7.0%
In the last week, the Capital Markets industry is up 6.2%, with UBS Group up 6.5%. In the same time, GAM Holding was down 29%. This means that the industry has gained 23% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Swiss Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 17 Aug 2024 | CHF 145.0b | CHF 51.0b | CHF 4.5b | 17.7x | 32.2x | 2.8x |
| Mon, 15 Jul 2024 | CHF 151.9b | CHF 49.7b | CHF 28.0b | 16x | 5.4x | 3.1x |
| Wed, 12 Jun 2024 | CHF 148.4b | CHF 49.9b | CHF 28.1b | 15x | 5.3x | 3x |
| Fri, 10 May 2024 | CHF 145.3b | CHF 50.4b | CHF 28.4b | 16.3x | 5.1x | 2.9x |
| Sun, 07 Apr 2024 | CHF 151.4b | CHF 46.5b | CHF 27.6b | 16.8x | 5.5x | 3.3x |
| Tue, 05 Mar 2024 | CHF 142.3b | CHF 46.0b | CHF 28.1b | 16.4x | 5.1x | 3.1x |
| Thu, 01 Feb 2024 | CHF 144.2b | CHF 71.6b | CHF 35.0b | 14.8x | 4.1x | 2x |
| Sat, 30 Dec 2023 | CHF 144.9b | CHF 70.7b | CHF 34.3b | 14.4x | 4.2x | 2x |
| Mon, 27 Nov 2023 | CHF 133.0b | CHF 72.3b | CHF 35.6b | 13.3x | 3.7x | 1.8x |
| Wed, 25 Oct 2023 | CHF 122.3b | CHF 69.7b | CHF 38.1b | 13x | 3.2x | 1.8x |
| Fri, 22 Sep 2023 | CHF 132.1b | CHF 70.1b | CHF 38.5b | 13.9x | 3.4x | 1.9x |
| Sun, 20 Aug 2023 | CHF 115.7b | CHF 69.3b | CHF 14.0b | 13.8x | 8.2x | 1.7x |
| Tue, 18 Jul 2023 | CHF 108.1b | CHF 68.2b | CHF 13.5b | 13.4x | 8x | 1.6x |
| Thu, 15 Jun 2023 | CHF 108.2b | CHF 69.4b | CHF 13.8b | 14.2x | 7.8x | 1.6x |
| Sat, 13 May 2023 | CHF 104.2b | CHF 69.4b | CHF 13.8b | 14.4x | 7.6x | 1.5x |
| Mon, 10 Apr 2023 | CHF 110.5b | CHF 56.5b | CHF 2.1b | 15.1x | 51.4x | 2x |
| Wed, 08 Mar 2023 | CHF 124.5b | CHF 58.7b | CHF 2.7b | 15x | 45.6x | 2.1x |
| Fri, 03 Feb 2023 | CHF 127.1b | CHF 58.8b | CHF 1.9b | 14.4x | 66.3x | 2.2x |
| Sun, 01 Jan 2023 | CHF 113.3b | CHF 59.9b | CHF 1.7b | 12.8x | 65.4x | 1.9x |
| Tue, 29 Nov 2022 | CHF 113.2b | CHF 60.7b | CHF 1.9b | 12.8x | 59.7x | 1.9x |
| Thu, 27 Oct 2022 | CHF 110.5b | CHF 64.0b | CHF 6.7b | 10.4x | 16.6x | 1.7x |
| Sat, 24 Sep 2022 | CHF 100.8b | CHF 64.7b | CHF 7.2b | 9.9x | 14.1x | 1.6x |
| Mon, 22 Aug 2022 | CHF 113.4b | CHF 64.1b | CHF 7.2b | 11.3x | 15.8x | 1.8x |
| Wed, 20 Jul 2022 | CHF 108.8b | CHF 66.7b | CHF 9.6b | 9.4x | 11.3x | 1.6x |
| Fri, 17 Jun 2022 | CHF 110.3b | CHF 66.3b | CHF 9.5b | 9.7x | 11.6x | 1.7x |
| Sun, 15 May 2022 | CHF 125.2b | CHF 67.5b | CHF 9.8b | 10.1x | 12.8x | 1.9x |
| Tue, 12 Apr 2022 | CHF 133.3b | CHF 63.2b | CHF 9.0b | 11.1x | 14.9x | 2.1x |
| Thu, 10 Mar 2022 | CHF 125.5b | CHF 62.2b | CHF 8.6b | 10.2x | 14.6x | 2x |
| Sat, 05 Feb 2022 | CHF 145.4b | CHF 61.8b | CHF 10.4b | 12.9x | 13.9x | 2.4x |
| Mon, 03 Jan 2022 | CHF 147.0b | CHF 61.2b | CHF 10.1b | 13.8x | 14.6x | 2.4x |
| Wed, 01 Dec 2021 | CHF 147.5b | CHF 61.6b | CHF 10.2b | 13.6x | 14.5x | 2.4x |
| Fri, 29 Oct 2021 | CHF 153.6b | CHF 60.8b | CHF 10.2b | 14.5x | 15x | 2.5x |
| Sun, 26 Sep 2021 | CHF 144.6b | CHF 61.0b | CHF 10.1b | 14.1x | 14.3x | 2.4x |
| Tue, 24 Aug 2021 | CHF 148.5b | CHF 61.0b | CHF 10.1b | 15.4x | 14.7x | 2.4x |
Price to Earnings Ratio
14.7x
Current Industry PE
- Investors are optimistic on the Swiss Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.2x which is higher than its 3-year average PE of 17.5x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 24% per year over the last three years,
- Revenues have also declined 5.8% 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 industry?
| CH Market | 2.52% | |
| Financials | 4.53% | |
| Capital Markets | 6.16% | |
| Investment Banking and Brokerage | 7.85% | |
| Diversified Capital Markets | 6.51% | |
| Asset Management | 5.44% | |
| Financial Exchanges and Data | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 33.3%, which is higher than its past year's earnings decline of 92.5% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 93% per year.
- In contrast, the Asset Management industry is expected to see its earnings grow by 14% per year 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 26.35 | 6.5% +CHF 5.0b | 27.6% | PE40.9x | |
| PGHN Partners Group Holding | CHF 1.19k | 5.8% +CHF 1.7b | 28.8% | PE30.8x | |
| BAER Julius Bär Gruppe | CHF 50.74 | 7.3% +CHF 710.7m | -13.8% | PE27.8x | |
| SQN Swissquote Group Holding | CHF 304.40 | 9.3% +CHF 383.3m | 68.5% | PE17.7x | |
| VZN VZ Holding | CHF 124.20 | 4.5% +CHF 212.6m | 49.8% | PE26.2x |
