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BEKN

Berner Kantonalbank SWX:BEKN Stock Report

Last Price

CHF213.00

Market Cap

CHF2.0b

7D

1.4%

1Y

3.4%

Updated

24 Jun, 2022

Data

Company Financials
BEKN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends5/6

BEKN Stock Overview

Berner Kantonalbank AG, a cantonal bank, offers various banking products and financial services to private individuals and corporate customers in Switzerland.

Berner Kantonalbank Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Berner Kantonalbank
Historical stock prices
Current Share PriceCHF213.00
52 Week HighCHF227.00
52 Week LowCHF198.00
Beta0.45
1 Month Change1.43%
3 Month Change-4.27%
1 Year Change3.40%
3 Year Change-8.39%
5 Year Change16.14%
Change since IPO58.96%

Recent News & Updates

Mar 15
Here's Why We Think Berner Kantonalbank (VTX:BEKN) Is Well Worth Watching

Here's Why We Think Berner Kantonalbank (VTX:BEKN) Is Well Worth Watching

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

BEKNCH BanksCH Market
7D1.4%-0.006%3.4%
1Y3.4%-0.8%-12.4%

Return vs Industry: BEKN exceeded the Swiss Banks industry which returned -0.1% over the past year.

Return vs Market: BEKN exceeded the Swiss Market which returned -15% over the past year.

Price Volatility

Is BEKN's price volatile compared to industry and market?
BEKN volatility
BEKN Average Weekly Movement2.1%
Banks Industry Average Movement2.5%
Market Average Movement4.5%
10% most volatile stocks in CH Market7.6%
10% least volatile stocks in CH Market2.4%

Stable Share Price: BEKN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BEKN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18341,014Armin Brunhttps://www.bekb.ch

Berner Kantonalbank AG, a cantonal bank, offers various banking products and financial services to private individuals and corporate customers in Switzerland. It offers investment, shareholder, youth, education, and SME savings accounts; deposit, current, rental, payment, pension, and client funds accounts; investment products; bank cards and credit cards; and pension products. The company also provides mortgages and financing products; business, investment, and real estate financing services; safeguards and guarantees; and asset management services, including strategy consulting, portfolio optimization and simulation, investment advisory, investment funds, and securities accounting services, as well as trades in stocks, bonds, derivatives, currencies, and money market instruments.

Berner Kantonalbank Fundamentals Summary

How do Berner Kantonalbank's earnings and revenue compare to its market cap?
BEKN fundamental statistics
Market CapCHF1.97b
Earnings (TTM)CHF154.94m
Revenue (TTM)CHF463.51m

12.7x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BEKN income statement (TTM)
RevenueCHF463.51m
Cost of RevenueCHF0
Gross ProfitCHF463.51m
Other ExpensesCHF308.57m
EarningsCHF154.94m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)16.77
Gross Margin100.00%
Net Profit Margin33.43%
Debt/Equity Ratio355.1%

How did BEKN perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

55%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BEKN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BEKN?

Other financial metrics that can be useful for relative valuation.

BEKN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BEKN's PE Ratio compare to its peers?

BEKN PE Ratio vs Peers
The above table shows the PE ratio for BEKN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.4x

Price-To-Earnings vs Peers: BEKN is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (19.4x).


Price to Earnings Ratio vs Industry

How does BEKN's PE Ratio compare vs other companies in the Banks Industry?

Price-To-Earnings vs Industry: BEKN is good value based on its Price-To-Earnings Ratio (12.7x) compared to the Swiss Banks industry average (15.6x)


Price to Earnings Ratio vs Fair Ratio

What is BEKN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BEKN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BEKN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BEKN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BEKN (CHF213) is trading above our estimate of fair value (CHF194.15)

Significantly Below Fair Value: BEKN is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BEKN's PEG Ratio to determine if it is good value.


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Future Growth

How is Berner Kantonalbank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.6%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Berner Kantonalbank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Berner Kantonalbank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Berner Kantonalbank competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Berner Kantonalbank performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BEKN has high quality earnings.

Growing Profit Margin: BEKN's current net profit margins (33.4%) are lower than last year (35.9%).


Past Earnings Growth Analysis

Earnings Trend: BEKN's earnings have grown by 3.3% per year over the past 5 years.

Accelerating Growth: BEKN's earnings growth over the past year (4.4%) exceeds its 5-year average (3.3% per year).

Earnings vs Industry: BEKN earnings growth over the past year (4.4%) underperformed the Banks industry 7.2%.


Return on Equity

High ROE: BEKN's Return on Equity (5.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Berner Kantonalbank's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BEKN's Assets to Equity ratio (14.4x) is moderate.

Allowance for Bad Loans: BEKN has a sufficient allowance for bad loans (3053%).

Low Risk Liabilities: 72% of BEKN's liabilities are made up of primarily low risk sources of funding.

Loan Level: BEKN has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: BEKN's Loans to Deposits ratio (100%) is appropriate.

Level of Bad Loans: BEKN has an appropriate level of bad loans (0%).


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Dividend

What is Berner Kantonalbank current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.32%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BEKN's dividend (4.32%) is higher than the bottom 25% of dividend payers in the Swiss market (2.06%).

High Dividend: BEKN's dividend (4.32%) is in the top 25% of dividend payers in the Swiss market (4.14%)


Stability and Growth of Payments

Stable Dividend: BEKN's dividends per share have been stable in the past 10 years.

Growing Dividend: BEKN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.8%), BEKN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Armin Brun (56 yo)

5.42yrs

Tenure

CHF898,000

Compensation

Mr. Armin Brun serves as Chief Executive Officer, Head of Department Investment Clients and Corporate Clients and Member of Management Board at Berner Kantonalbank AG since July 1, 2019. He served as Head...


CEO Compensation Analysis

Compensation vs Market: Armin's total compensation ($USD940.64K) is below average for companies of similar size in the Swiss market ($USD1.35M).

Compensation vs Earnings: Armin's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BEKN's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: BEKN's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Berner Kantonalbank AG's employee growth, exchange listings and data sources


Key Information

  • Name: Berner Kantonalbank AG
  • Ticker: BEKN
  • Exchange: SWX
  • Founded: 1834
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: CHF1.967b
  • Shares outstanding: 9.24m
  • Website: https://www.bekb.ch

Number of Employees


Location

  • Berner Kantonalbank AG
  • Bundesplatz 8
  • Bern
  • Bern
  • 3011
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.