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Basellandschaftliche Kantonalbank

SWX:BLKB
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BLKB
SWX
CHF2B
Market Cap
  1. Home
  2. CH
  3. Banks
Company description

Basellandschaftliche Kantonalbank provides retail and commercial banking services to the private sector, institutional or corporate customers, and the public sector in Switzerland. The last earnings update was 139 days ago. More info.


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BLKB Share Price and Events
7 Day Returns
0.7%
SWX:BLKB
-1.2%
CH Banks
-2%
CH Market
1 Year Returns
-0.4%
SWX:BLKB
-1.1%
CH Banks
3.7%
CH Market
BLKB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Basellandschaftliche Kantonalbank (BLKB) 0.7% 0.4% 0% -0.4% -0.5% -0.3%
CH Banks -1.2% -0.8% -5.8% -1.1% 9.5% 24.3%
CH Market -2% -0.6% 1.9% 3.7% 13.9% 12.9%
1 Year Return vs Industry and Market
  • BLKB matched the Banks industry (-1.1%) over the past year.
  • BLKB underperformed the Market in Switzerland which returned 3.7% over the past year.
Price Volatility
BLKB
Industry
5yr Volatility vs Market

Value

 Is Basellandschaftliche Kantonalbank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Basellandschaftliche Kantonalbank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Basellandschaftliche Kantonalbank.

SWX:BLKB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CHF1,038.33 * 6%
CHF62.72
Book Value of Equity per Share Median Book Value from the past 5 years. CHF1,038.33
Discount Rate (Cost of Equity) See below 13.6%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:BLKB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 18%) (307.44%))
1.738
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.74
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.738 * 5.96%)
13.63%

Discounted Cash Flow Calculation for SWX:BLKB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Basellandschaftliche Kantonalbank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SWX:BLKB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6% – 13.63%) * CHF1,038.33)
CHF-78.82
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF-78.82 / (13.63% - 3.28%)
CHF-761.11
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF1,038.33 + CHF-761.11
CHF277.22
SWX:BLKB Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF277.22
Current discount Discount to share price of CHF912.00
= -1 x (CHF912.00 - CHF277.22) / CHF277.22
-229%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Basellandschaftliche Kantonalbank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Basellandschaftliche Kantonalbank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Basellandschaftliche Kantonalbank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:BLKB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF61.96
SWX:BLKB Share Price ** SWX (2019-07-15) in CHF CHF912
Switzerland Banks Industry PE Ratio Median Figure of 17 Publicly-Listed Banks Companies 16x
Switzerland Market PE Ratio Median Figure of 174 Publicly-Listed Companies 17.97x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Basellandschaftliche Kantonalbank.

SWX:BLKB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:BLKB Share Price ÷ EPS (both in CHF)

= 912 ÷ 61.96

14.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Basellandschaftliche Kantonalbank is good value based on earnings compared to the CH Banks industry average.
  • Basellandschaftliche Kantonalbank is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Basellandschaftliche Kantonalbank's expected growth come at a high price?
Raw Data
SWX:BLKB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
1.6%per year
Switzerland Banks Industry PEG Ratio Median Figure of 6 Publicly-Listed Banks Companies 7.17x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.21x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Basellandschaftliche Kantonalbank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Basellandschaftliche Kantonalbank's assets?
Raw Data
SWX:BLKB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF1,113.48
SWX:BLKB Share Price * SWX (2019-07-15) in CHF CHF912
Switzerland Banks Industry PB Ratio Median Figure of 17 Publicly-Listed Banks Companies 0.91x
Switzerland Market PB Ratio Median Figure of 215 Publicly-Listed Companies 1.64x
SWX:BLKB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:BLKB Share Price ÷ Book Value per Share (both in CHF)

= 912 ÷ 1,113.48

0.82x

* Primary Listing of Basellandschaftliche Kantonalbank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Basellandschaftliche Kantonalbank is good value based on assets compared to the CH Banks industry average.
X
Value checks
We assess Basellandschaftliche Kantonalbank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Basellandschaftliche Kantonalbank has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Basellandschaftliche Kantonalbank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Basellandschaftliche Kantonalbank expected to grow at an attractive rate?
  • Basellandschaftliche Kantonalbank's earnings growth is positive but not above the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Basellandschaftliche Kantonalbank's earnings growth is positive but not above the Switzerland market average.
  • Unable to compare Basellandschaftliche Kantonalbank's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SWX:BLKB Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:BLKB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 1.6%
Switzerland Banks Industry Earnings Growth Rate Market Cap Weighted Average 3%
Switzerland Banks Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:BLKB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:BLKB Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 359 167 134
2017-12-31 367 -700 133
2017-09-30 346 133
2017-06-30 344 133
2017-03-31 345 133
2016-12-31 346 -231 134
2016-09-30 349 133
2016-06-30 353 132
2016-03-31 352 131

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Basellandschaftliche Kantonalbank's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Basellandschaftliche Kantonalbank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:BLKB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Basellandschaftliche Kantonalbank Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BLKB Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 61.96
2017-12-31 61.45
2017-09-30 61.40
2017-06-30
2017-03-31
2016-12-31 61.57
2016-09-30 61.11
2016-06-30
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Basellandschaftliche Kantonalbank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Basellandschaftliche Kantonalbank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Basellandschaftliche Kantonalbank has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Basellandschaftliche Kantonalbank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Basellandschaftliche Kantonalbank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Basellandschaftliche Kantonalbank's year on year earnings growth rate has been positive over the past 5 years.
  • Basellandschaftliche Kantonalbank's 1-year earnings growth is less than its 5-year average (0.8% vs 4.6%)
  • Basellandschaftliche Kantonalbank's earnings growth has not exceeded the CH Banks industry average in the past year (0.8% vs 3.1%).
Earnings and Revenue History
Basellandschaftliche Kantonalbank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Basellandschaftliche Kantonalbank Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BLKB Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 358.51 134.45 136.58
2017-12-31 366.89 133.35 136.58
2017-09-30 346.32 133.25 115.49
2017-06-30 343.63 133.15 167.69
2017-03-31 344.77 133.37 164.96
2016-12-31 345.90 133.60 106.84
2016-09-30 349.30 132.62 133.09
2016-06-30 352.70 131.63 159.35
2016-03-31 351.67 131.04 158.43
2015-12-31 350.64 130.45 157.51
2015-09-30 339.85 124.35 125.79
2015-06-30 329.05 118.26 94.07
2015-03-31 330.67 117.03 100.11
2014-12-31 332.28 115.80 106.15
2014-09-30 341.54 114.91 116.17
2014-06-30 350.81 114.02 126.19
2014-03-31 349.24 113.16 125.84
2013-12-31 347.67 112.30 125.48
2013-09-30 349.66 111.56 126.75
2013-06-30 351.65 110.83 128.02
2013-03-31 355.17 111.35 130.35
2012-12-31 358.70 111.86 132.68
2012-09-30 359.45 110.94 142.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Basellandschaftliche Kantonalbank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Basellandschaftliche Kantonalbank used its assets more efficiently than the CH Banks industry average last year based on Return on Assets.
  • Unable to establish if Basellandschaftliche Kantonalbank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Basellandschaftliche Kantonalbank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Basellandschaftliche Kantonalbank has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Basellandschaftliche Kantonalbank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Basellandschaftliche Kantonalbank Company Filings, last reported 6 months ago.

SWX:BLKB Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,416.30 6,084.48 30.27
2017-12-31 2,311.63 5,075.14 20.36
2017-09-30 2,311.63 5,075.14 20.36
2017-06-30 2,215.01 5,383.78 2,772.65
2017-03-31 2,215.01 5,383.78 2,772.65
2016-12-31 2,194.76 5,623.07 11.49
2016-09-30 2,194.76 5,623.07 11.49
2016-06-30 2,098.79 5,671.44 2,784.95
2016-03-31 2,098.79 5,671.44 2,784.95
2015-12-31 2,076.02 5,513.81 2,647.37
2015-09-30 2,076.02 5,513.81 2,647.37
2015-06-30 1,973.49 5,487.68 2,665.49
2015-03-31 1,973.49 5,487.68 2,665.49
2014-12-31 1,934.55 4,100.77 13.09
2014-09-30 1,934.55 4,100.77 13.09
2014-06-30 1,848.54 4,224.33 658.49
2014-03-31 1,848.54 4,224.33 658.49
2013-12-31 1,840.17 4,146.57 63.09
2013-09-30 1,840.17 4,146.57 63.09
2013-06-30 1,741.66 4,143.24 984.08
2013-03-31 1,741.66 4,143.24 984.08
2012-12-31 1,735.02 3,767.95 45.33
2012-09-30 1,735.02 3,767.95 45.33
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Basellandschaftliche Kantonalbank has an acceptable proportion of non-loan assets held.
  • Basellandschaftliche Kantonalbank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Basellandschaftliche Kantonalbank are broadly funded by customer deposits.
  • Basellandschaftliche Kantonalbank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Basellandschaftliche Kantonalbank has a sufficient allowance for bad loans.
  • Basellandschaftliche Kantonalbank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Basellandschaftliche Kantonalbank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Basellandschaftliche Kantonalbank has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Basellandschaftliche Kantonalbank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.84%
Current annual income from Basellandschaftliche Kantonalbank dividends.
If you bought CHF2,000 of Basellandschaftliche Kantonalbank shares you are expected to receive CHF77 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Basellandschaftliche Kantonalbank's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.96%).
  • Basellandschaftliche Kantonalbank's dividend is above the markets top 25% of dividend payers in Switzerland (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:BLKB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Switzerland Banks Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.6%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 167 Stocks 3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2%
Switzerland Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:BLKB Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-27 35.000 3.835
2019-02-26 35.000 3.776
2018-03-23 35.000 3.815
2018-02-08 35.000 3.827
2017-03-17 35.000 3.861
2017-02-24 35.000 3.852
2016-04-01 35.000 3.840
2015-04-13 34.000 3.793
2014-04-10 33.000 3.618
2014-02-28 33.000 3.534
2013-04-02 33.000 3.347
2013-03-01 33.000 3.039
2012-03-23 33.000 2.729
2011-02-22 33.000 2.554
2010-03-01 33.000 2.680
2009-01-05 30.000 3.047

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Basellandschaftliche Kantonalbank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Basellandschaftliche Kantonalbank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Basellandschaftliche Kantonalbank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Basellandschaftliche Kantonalbank has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Basellandschaftliche Kantonalbank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Häfelfinger
COMPENSATION CHF1,052,479
AGE 48
TENURE AS CEO 2.5 years
CEO Bio

Mr. John Häfelfinger has been Chairman of the Executive Board and Chief Executive Officer of Basellandschaftliche Kantonalbank since January 1, 2017 and served as its Head of corporate and specialty lending.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is about average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Basellandschaftliche Kantonalbank management team in years:

5.8
Average Tenure
48
Average Age
  • The average tenure for the Basellandschaftliche Kantonalbank management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Häfelfinger

TITLE
Chairman of the Executive Board & Chief Executive Officer
COMPENSATION
CHF1M
AGE
48
TENURE
2.5 yrs

Herbert Kumbartzki

TITLE
CFO & Member of Executive Board
AGE
57
TENURE
8.8 yrs

Kaspar Schweizer

TITLE
Head of Business Unit Private Clients & Direct Banking and Member of Executive Board
AGE
55
TENURE
18.5 yrs

Jean-Daniel Neuenschwander

TITLE
Head of Private Banking & Investment Services and Member of the Executive Board
AGE
57
TENURE
12.5 yrs

Simon Leumann

TITLE
Head of IT & Services Division and Member of Executive Board
AGE
43
TENURE
5.8 yrs

Manuel Kunzelmann

TITLE
Head of Business Strategy & Market Service and Member of Executive Board
AGE
45
TENURE
2 yrs

Beat Röthlisberger

TITLE
Head of Business Area of Enterprise Customers & Member of Executive Board
AGE
48
TENURE
2 yrs

Christoph Schar

TITLE
Chief Digital Officer
AGE
43

Remo Ponti

TITLE
Head of Investor Relations

Alexandra Lau

TITLE
Head of Legal & Compliance
Board of Directors Tenure

Average tenure and age of the Basellandschaftliche Kantonalbank board of directors in years:

4
Average Tenure
55.5
Average Age
  • The tenure for the Basellandschaftliche Kantonalbank board of directors is about average.
Board of Directors

Thomas Schneider

TITLE
President
COMPENSATION
CHF107K
AGE
55
TENURE
0.9 yrs

Anton Lauber

TITLE
Vice Chairman of the Board
COMPENSATION
CHF57K
AGE
58
TENURE
6.5 yrs

Marco Primavesi

TITLE
Director
COMPENSATION
CHF116K
AGE
60
TENURE
4 yrs

Stephan Eugster

TITLE
Director
AGE
56
TENURE
0.5 yrs

Nadine Jermann

TITLE
Director
COMPENSATION
CHF84K
AGE
47
TENURE
4.1 yrs

Stephan Naef

TITLE
Director
COMPENSATION
CHF82K
AGE
57
TENURE
4 yrs

Erica Spiegler

TITLE
Director
COMPENSATION
CHF84K
AGE
50
TENURE
4 yrs

Nadia Schmidt

TITLE
Director
AGE
46
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Basellandschaftliche Kantonalbank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Basellandschaftliche Kantonalbank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should Basellandschaftliche Kantonalbank (VTX:BLKB) Be Part Of Your Dividend Portfolio?

Today we'll take a closer look at Basellandschaftliche Kantonalbank (VTX:BLKB) from a dividend investor's perspective. … Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth. … With Basellandschaftliche Kantonalbank yielding 3.8% and having paid a dividend for over 10 years, many investors likely find the company quite interesting.

Simply Wall St -

Income Investors Should Know The Basellandschaftliche Kantonalbank (VTX:BLKB) Ex-Dividend Date

Basellandschaftliche Kantonalbank (VTX:BLKB) will be distributing its dividend of CHF35.00 per share on the 07 March 2019, and will start trading ex-dividend in 2 days time on the 05 March 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Basellandschaftliche Kantonalbank's latest financial data to analyse its dividend attributes. … Will the company be able to keep paying dividend based on the future earnings growth

Simply Wall St -

What Makes Basellandschaftliche Kantonalbank (VTX:BLKB) A Hard Investment?

As a small-cap finance stock with a market capitalisation of CHF2.0b, the risk and profitability of Basellandschaftliche Kantonalbank (VTX:BLKB) are largely tied to the underlying economic growth of the region it operates in CH. … A bank’s cash flow is directly impacted by economic growth as it is the main driver of deposit levels and demand for loans which it profits from. … Post-GFC recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry.

Simply Wall St -

What To Know Before Buying Basellandschaftliche Kantonalbank (VTX:BLKB) For Its Dividend

Historically, Basellandschaftliche Kantonalbank (VTX:BLKB) has been paying a dividend to shareholders. … Does Basellandschaftliche Kantonalbank tick all the boxes of a great dividend stock? … See our latest analysis for Basellandschaftliche Kantonalbank

Simply Wall St -

Financial Metrics For Basellandschaftliche Kantonalbank (VTX:BLKB)

As a small-cap finance stock with a market capitalisation of CHF2.0b, the risk and profitability of Basellandschaftliche Kantonalbank (VTX:BLKB) are largely tied to the underlying economic growth of the region it operates in CH. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Basellandschaftliche Kantonalbank to vulnerabilities. … View our latest analysis for Basellandschaftliche Kantonalbank

Simply Wall St -

Can These Factors Give You An Edge In Basellandschaftliche Kantonalbank (VTX:BLKB)?

As a small-cap bank stock with a market capitalisation of CHF1.99b, Basellandschaftliche Kantonalbank’s (VTX:BLKB) risk and profitability are largely determined by the underlying economic growth of the CH regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Basellandschaftliche Kantonalbank to vulnerabilities. … High liquidity and low leverage could position Basellandschaftliche Kantonalbank favourably at the face of macro headwinds.

Simply Wall St -

Why Basellandschaftliche Kantonalbank's (SWX:BLKB) ROE Of 5.77% Does Not Tell The Whole Story

and want to begin learning the link between Basellandschaftliche Kantonalbank (SWX:BLKB)’s return fundamentals and stock market performance. … Basellandschaftliche Kantonalbank (SWX:BLKB) performed in line with its regional banks industry on the basis of its ROE – producing a return of 5.77% relative to the peer average of 6.98% over the past 12 months. … View out our latest analysis for Basellandschaftliche Kantonalbank

Simply Wall St -

Understated Factors To Consider Before Investing In Basellandschaftliche Kantonalbank (VTX:BLKB)

High liquidity and low leverage could position Basellandschaftliche Kantonalbank favourably at the face of macro headwinds. … See our latest analysis for Basellandschaftliche Kantonalbank SWX:BLKB Historical Debt Jun 7th 18 Is BLKB's Leverage Level Appropriate? … Relative to the prudent industry loan to deposit level of 90%, Basellandschaftliche Kantonalbank’s ratio of over 116.85% is higher, which puts the bank in a risky position due to the negative liquidity disparity between loan and deposit levels.

Simply Wall St -

Should Basellandschaftliche Kantonalbank's (VTX:BLKB) Recent Earnings Worry You?

For the most up-to-date info, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Since these figures are relatively nearsighted, I have created an annualized five-year value for Basellandschaftliche Kantonalbank's earnings, which stands at CHF119.51M This shows that, on average, Basellandschaftliche Kantonalbank has been able to improve its earnings over the past few years. … You should continue to research Basellandschaftliche Kantonalbank to get a more holistic view of the stock by looking at: Financial Health: Is BLKB’s operations financially sustainable?

Simply Wall St -

Should You Be Tempted To Buy Basellandschaftliche Kantonalbank (VTX:BLKB) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BLKB Price per share = CHF918 Earnings per share = CHF62.069 ∴ Price-Earnings Ratio = CHF918 ÷ CHF62.069 = 14.8x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared lower risk firms with BLKB, then investors would naturally value BLKB at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with BLKB, investors would also value BLKB at a lower price since it is a lower growth investment.

Simply Wall St -

Company Info

Description

Basellandschaftliche Kantonalbank provides retail and commercial banking services to the private sector, institutional or corporate customers, and the public sector in Switzerland. It offers savings and deposit, cash bonds, mortgage-backed bonds, and mortgage loans. The company also engages in securities-backed loan business, as well as trades in foreign exchange, precious metals, and securities. It operates through 20 branches in the Canton of Basel-Landschaft, 1 branch in Breitenbach, and 1 for private banking in Basel. The company was founded in 1864 and is headquartered in Liestal, Switzerland.

Details
Name: Basellandschaftliche Kantonalbank
BLKB
Exchange: SWX
Founded: 1864
CHF1,979,080,128
2,170,044
Website: http://www.blkb.ch
Address: Basellandschaftliche Kantonalbank
Rheinstrasse 7,
Liestal,
Basel-Landschaft, 4410,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX BLKB Bearer Certificates SIX Swiss Exchange CH CHF 02. Jan 1992
BST 294 Bearer Certificates Boerse-Stuttgart DE EUR 02. Jan 1992
LSE 0QQ4 Bearer Certificates London Stock Exchange GB CHF 02. Jan 1992
Number of employees
Current staff
Staff numbers
685
Basellandschaftliche Kantonalbank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 20:44
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.