Upcoming Dividend • Apr 28
Upcoming dividend of CHF4.40 per share Eligible shareholders must have bought the stock before 05 May 2026. Payment date: 07 May 2026. Payout ratio is on the higher end at 88% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Swiss dividend payers (3.6%). Higher than average of industry peers (2.9%). Reported Earnings • Apr 02
Full year 2025 earnings released Full year 2025 results: Revenue: CHF1.15b (flat on FY 2024). Net income: CHF429.7m (down 2.5% from FY 2024). Profit margin: 37% (in line with FY 2024). Net interest margin (NIM): 0.83% (down from 0.91% in FY 2024). Cost-to-income ratio: 55.6% (up from 55.2% in FY 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Switzerland. Announcement • Feb 17
Banque Cantonale Vaudoise, Annual General Meeting, Apr 30, 2026 Banque Cantonale Vaudoise, Annual General Meeting, Apr 30, 2026, at 16:00 W. Europe Standard Time. Declared Dividend • Feb 15
Dividend of CHF4.40 announced Dividend of CHF4.40 is the same as last year. Ex-date: 5th May 2026 Payment date: 7th May 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but is not expected to be adequately covered in 3 years' time (91% forecast payout ratio). The dividend has increased by an average of 3.2% 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 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 13
Banque Cantonale Vaudoise announces Annual dividend, payable on May 07, 2026 Banque Cantonale Vaudoise announced Annual dividend of CHF 4.4000 per share payable on May 07, 2026, ex-date on May 05, 2026 and record date on May 06, 2026. Reported Earnings • Aug 22
First half 2025 earnings released First half 2025 results: Revenue: CHF579.3m (flat on 1H 2024). Net income: CHF214.5m (down 3.0% from 1H 2024). Profit margin: 37% (down from 38% in 1H 2024). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Banks industry in Switzerland. New Risk • Aug 08
New minor risk - Dividend sustainability The dividend is not forecast to be well covered by earnings in 3 years. Payout ratio in 3 years: 91% Current dividend yield: 4.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • May 05
Upcoming dividend of CHF4.40 per share Eligible shareholders must have bought the stock before 12 May 2025. Payment date: 14 May 2025. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Swiss dividend payers (4.0%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 09
Full year 2024 earnings released: EPS: CHF5.13 (vs CHF5.47 in FY 2023) Full year 2024 results: EPS: CHF5.13 (down from CHF5.47 in FY 2023). Revenue: CHF1.16b (flat on FY 2023). Net income: CHF440.6m (down 6.1% from FY 2023). Profit margin: 38% (down from 40% in FY 2023). Net interest margin (NIM): 0.91% (down from 1.01% in FY 2023). Cost-to-income ratio: 55.2% (up from 53.2% in FY 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Buy Or Sell Opportunity • Mar 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to CHF97.40. The fair value is estimated to be CHF80.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 0.9% per annum over the same time period. Buy Or Sell Opportunity • Mar 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to CHF97.65. The fair value is estimated to be CHF80.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 0.9% per annum over the same time period. New Risk • Feb 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Dividend not forecast to be well covered by earnings in 3 years (92% payout ratio in 3 years). Reported Earnings • Feb 15
Full year 2024 earnings released Full year 2024 results: Revenue: CHF1.16b (flat on FY 2023). Net income: CHF440.6m (down 6.1% from FY 2023). Profit margin: 38% (down from 40% in FY 2023). Net interest margin (NIM): 0.91% (down from 1.01% in FY 2023). Cost-to-income ratio: 55.2% (up from 53.2% in FY 2023). Revenue is forecast to stay flat during the next 2 years compared to a 2.2% growth forecast for the Banks industry in Switzerland. New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risk Dividend not forecast to be well covered by earnings in 3 years (93% payout ratio in 3 years). Board Change • Feb 01
Insufficient new directors There 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. 2 highly experienced directors. Director Stefan Fuchs 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. New Risk • Jan 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Dividend not forecast to be well covered by earnings in 3 years (91% payout ratio in 3 years). Buy Or Sell Opportunity • Jan 16
Now 21% overvalued Over the last 90 days, the stock has fallen 2.1% to CHF88.90. The fair value is estimated to be CHF73.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Nov 25
Now 21% overvalued Over the last 90 days, the stock has fallen 1.0% to CHF90.10. The fair value is estimated to be CHF74.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 3.0% in 2 years. Earnings are forecast to grow by 1.5% in the next 2 years. Reported Earnings • Aug 25
First half 2024 earnings released First half 2024 results: Revenue: CHF580.9m (flat on 1H 2023). Net income: CHF221.1m (down 7.9% from 1H 2023). Profit margin: 38% (down from 41% in 1H 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Banks industry in Switzerland. Announcement • Jul 04
Banque Cantonale Vaudoise to Report First Half, 2024 Results on Aug 22, 2024 Banque Cantonale Vaudoise announced that they will report first half, 2024 results on Aug 22, 2024 Upcoming Dividend • Apr 22
Upcoming dividend of CHF4.30 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 4.3%. Within top quartile of Swiss dividend payers (4.0%). Higher than average of industry peers (3.7%). Reported Earnings • Mar 27
Full year 2023 earnings released Full year 2023 results: Revenue: CHF1.16b (up 12% from FY 2022). Net income: CHF469.2m (up 21% from FY 2022). Profit margin: 40% (up from 37% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 1.01% (up from 0.79% in FY 2022). Cost-to-income ratio: 53.2% (down from 56.6% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Banks industry in Switzerland. Reported Earnings • Feb 11
Full year 2023 earnings released Full year 2023 results: Revenue: CHF1.16b (up 12% from FY 2022). Net income: CHF469.2m (up 21% from FY 2022). Profit margin: 40% (up from 37% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 1.01% (up from 0.79% in FY 2022). Cost-to-income ratio: 53.2% (down from 56.6% in FY 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Switzerland. New Risk • Aug 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 21
First half 2023 earnings released First half 2023 results: Revenue: CHF581.8m (up 11% from 1H 2022). Net income: CHF240.0m (up 22% from 1H 2022). Profit margin: 41% (up from 38% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Switzerland. Upcoming Dividend • May 01
Upcoming dividend of CHF3.80 per share at 4.0% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio and cash payout ratio are on the higher end at 84% and 75% respectively. Trailing yield: 4.0%. Lower than top quartile of Swiss dividend payers (4.2%). Higher than average of industry peers (3.5%). Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Pierre-Alain Urech was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: CHF1.04b (up 3.4% from FY 2021). Net income: CHF388.3m (up 2.5% from FY 2021). Profit margin: 37% (in line with FY 2021). Net interest margin (NIM): 0.79% (down from 0.86% in FY 2021). Cost-to-income ratio: 56.6% (down from 56.7% in FY 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Switzerland. Reported Earnings • Aug 20
First half 2022 earnings released: EPS: CHF0 (vs CHF0 in 1H 2021) First half 2022 results: EPS: CHF0 (vs CHF0 in 1H 2021). Revenue: CHF524.4m (up 6.3% from 1H 2021). Net income: CHF196.8m (up 14% from 1H 2021). Profit margin: 38% (up from 35% in 1H 2021). The increase in margin was driven by higher revenue. Announcement • Jul 23
BCV Appoints Christian Steinmann as Head of Private Banking, Effective November 1 BCV has announced that it has appointed a head of private banking. Christian Steinmann has been appointed by the bank to its board. Steinmann is currently regional head of French-speaking Switzerland and regional head of wealth management at Credit Suisse. He is to assume the new role from November 1. Announcement • May 10
Banque Cantonale Vaudoise, Annual General Meeting, May 04, 2023 Banque Cantonale Vaudoise, Annual General Meeting, May 04, 2023, at 16:00 Central European Standard Time. Upcoming Dividend • May 02
Upcoming dividend of CHF3.70 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Swiss dividend payers (3.8%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 07
Full year 2021 earnings released: EPS: CHF4.41 (vs CHF3.85 in FY 2020) Full year 2021 results: EPS: CHF4.41 (up from CHF3.85 in FY 2020). Revenue: CHF1.01b (up 6.4% from FY 2020). Net income: CHF378.7m (up 14% from FY 2020). Profit margin: 38% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 0.86% (down from 0.94% in FY 2020). Cost-to-income ratio: 56.7% (down from 58.7% in FY 2020). Over the next year, revenue is forecast to stay flat compared to a 2.6% growth forecast for the banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: CHF1.01b (up 6.4% from FY 2020). Net income: CHF352.7m (up 6.6% from FY 2020). Profit margin: 35% (in line with FY 2020). Revenue exceeded analyst estimates by 2.3%. Over the next year, revenue is forecast to stay flat compared to a 3.3% growth forecast for the banks industry in Switzerland. Reported Earnings • Aug 23
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CHF493.2m (up 3.4% from 1H 2020). Net income: CHF173.3m (up 9.8% from 1H 2020). Profit margin: 35% (up from 33% in 1H 2020). Upcoming Dividend • Apr 26
Upcoming dividend of CHF3.60 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 3.8%. Within top quartile of Swiss dividend payers (3.5%). In line with average of industry peers (3.5%). Reported Earnings • Feb 20
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CHF945.2m (down 5.7% from FY 2019). Net income: CHF330.8m (down 8.8% from FY 2019). Profit margin: 35% (down from 36% in FY 2019). The decrease in margin was driven by lower revenue. Cost-to-income ratio: 58.7% (up from 57.7% in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 20
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.5%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 3.1%, compared to a 3.8% growth forecast for the Banks industry in Switzerland. Price Target Changed • Feb 19
Price target raised to CHF74.00 Up from CHF66.50, the current price target is an average from 2 analysts. The new target price is 25% below the current share price of CHF99.30. As of last close, the stock is up 19% over the past year. Announcement • Feb 16
Banque Cantonale Vaudoise to Report Fiscal Year 2020 Results on Feb 18, 2021 Banque Cantonale Vaudoise announced that they will report fiscal year 2020 results at 6:00 AM, Central European Standard Time on Feb 18, 2021 Is New 90 Day High Low • Feb 04
New 90-day high: CHF98.60 The company is up 5.0% from its price of CHF93.50 on 06 November 2020. The Swiss market is also up 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Banks industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF62.37 per share.