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Hypothekarbank Lenzburg

SWX:HBLN
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HBLN
SWX
CHF323M
Market Cap
  1. Home
  2. CH
  3. Banks
Company description

Hypothekarbank Lenzburg AG provides various banking services and products to private, corporate, and investor customers in Switzerland. The last earnings update was 6 days ago. More info.


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HBLN Share Price and Events
7 Day Returns
0%
SWX:HBLN
-0.5%
Europe Mortgage
-1.6%
CH Market
1 Year Returns
-0.4%
SWX:HBLN
-18%
Europe Mortgage
4.3%
CH Market
HBLN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hypothekarbank Lenzburg (HBLN) 0% 0% -0.4% -0.4% 7.4% 9.9%
Europe Mortgage -0.5% -2.2% -10.6% -18% 24.4% 14.5%
CH Market -1.6% -0.2% 1.8% 4.3% 14.3% 13.4%
1 Year Return vs Industry and Market
  • HBLN outperformed the Mortgage industry which returned -18% over the past year.
  • HBLN underperformed the Market in Switzerland which returned 4.3% over the past year.
Price Volatility
HBLN
Industry
5yr Volatility vs Market

Value

 Is Hypothekarbank Lenzburg 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 Hypothekarbank Lenzburg 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 Hypothekarbank Lenzburg.

SWX:HBLN 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
= CHF6,456.29 * 4.6%
CHF298.41
Book Value of Equity per Share Median Book Value from the past 5 years. CHF6,456.29
Discount Rate (Cost of Equity) See below 9.9%
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:HBLN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.865 (1 + (1- 18%) (287.41%))
1.107
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.107 * 5.96%)
9.87%

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

The calculations below outline how an intrinsic value for Hypothekarbank Lenzburg 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:HBLN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.6% – 9.87%) * CHF6,456.29)
CHF-339.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF-339.07 / (9.87% - 3.28%)
CHF-5,138.38
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF6,456.29 + CHF-5,138.38
CHF1317.91
SWX:HBLN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF1,317.91
Current discount Discount to share price of CHF4,500.00
= -1 x (CHF4,500.00 - CHF1,317.91) / CHF1,317.91
-241.5%

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

  • The current share price of Hypothekarbank Lenzburg 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 Hypothekarbank Lenzburg's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hypothekarbank Lenzburg's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:HBLN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF289.36
SWX:HBLN Share Price ** SWX (2019-07-16) in CHF CHF4500
Europe Mortgage Industry PE Ratio Median Figure of 16 Publicly-Listed Mortgage Companies 8.67x
Switzerland Market PE Ratio Median Figure of 174 Publicly-Listed Companies 18.02x

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

** Primary Listing of Hypothekarbank Lenzburg.

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

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

= 4500 ÷ 289.36

15.55x

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

  • Hypothekarbank Lenzburg is overvalued based on earnings compared to the Europe Mortgage industry average.
  • Hypothekarbank Lenzburg is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Hypothekarbank Lenzburg's expected growth come at a high price?
Raw Data
SWX:HBLN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.6%per year
Europe Mortgage Industry PEG Ratio Median Figure of 7 Publicly-Listed Mortgage Companies 0.98x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.22x

*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 Hypothekarbank Lenzburg, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hypothekarbank Lenzburg's assets?
Raw Data
SWX:HBLN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF6,607.87
SWX:HBLN Share Price * SWX (2019-07-16) in CHF CHF4500
Europe Mortgage Industry PB Ratio Median Figure of 18 Publicly-Listed Mortgage Companies 0.67x
Switzerland Market PB Ratio Median Figure of 215 Publicly-Listed Companies 1.66x
SWX:HBLN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4500 ÷ 6,607.87

0.68x

* Primary Listing of Hypothekarbank Lenzburg.

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

  • Hypothekarbank Lenzburg is overvalued based on assets compared to the Europe Mortgage industry average.
X
Value checks
We assess Hypothekarbank Lenzburg'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 Mortgage 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 Mortgage industry average (and greater than 0)? (1 check)
  5. Hypothekarbank Lenzburg has a total score of 1/6, 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 Hypothekarbank Lenzburg expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Hypothekarbank Lenzburg, 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
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hypothekarbank Lenzburg expected to grow at an attractive rate?
  • Hypothekarbank Lenzburg's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Hypothekarbank Lenzburg's earnings growth is expected to exceed the Switzerland market average.
  • Unable to compare Hypothekarbank Lenzburg's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SWX:HBLN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:HBLN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.6%
Europe Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
Europe Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
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:HBLN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks 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:HBLN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 81 21
2019-03-31 81 21
2018-12-31 80 21
2018-09-30 79 21
2018-06-30 78 22
2018-03-31 78 22
2017-12-31 77 22
2017-09-30 76 21
2017-06-30 75 21
2017-03-31 75 21
2016-12-31 74 22
2016-09-30 73 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hypothekarbank Lenzburg's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Hypothekarbank Lenzburg 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:HBLN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hypothekarbank Lenzburg Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:HBLN Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30
2019-03-31
2018-12-31 289.36
2018-09-30 294.54
2018-06-30
2018-03-31
2017-12-31 306.64
2017-09-30 298.47
2017-06-30
2017-03-31
2016-12-31 300.38
2016-09-30 304.50

*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 Hypothekarbank Lenzburg will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hypothekarbank Lenzburg'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Hypothekarbank Lenzburg has a total score of 2/6, 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 Hypothekarbank Lenzburg 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 Hypothekarbank Lenzburg's growth in the last year to its industry (Mortgage).
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.
  • Hypothekarbank Lenzburg's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Hypothekarbank Lenzburg's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hypothekarbank Lenzburg's 1-year earnings growth is negative, it can't be compared to the Europe Mortgage industry average.
Earnings and Revenue History
Hypothekarbank Lenzburg'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 Hypothekarbank Lenzburg Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:HBLN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 81.00 21.23 56.10
2019-03-31 80.61 21.03 55.76
2018-12-31 80.21 20.83 55.43
2018-09-30 79.14 21.14 53.53
2018-06-30 77.91 21.75 50.72
2018-03-31 77.62 21.91 50.10
2017-12-31 77.33 22.08 49.48
2017-09-30 76.30 21.46 48.89
2017-06-30 75.26 20.85 48.30
2017-03-31 74.56 21.24 47.39
2016-12-31 73.85 21.63 46.49
2016-09-30 73.10 21.92 45.96
2016-06-30 72.36 22.21 45.43
2016-03-31 71.44 21.73 45.11
2015-12-31 70.52 21.26 44.78
2015-09-30 63.98 20.67 39.85
2015-06-30 57.43 20.08 34.93
2015-03-31 59.04 20.64 35.32
2014-12-31 60.64 21.20 35.71
2014-09-30 62.89 21.15 37.12
2014-06-30 65.15 21.11 38.53
2014-03-31 66.01 21.25 40.00
2013-12-31 66.86 21.40 41.46
2013-09-30 68.97 21.79 42.23
2013-06-30 71.08 22.18 43.00
2013-03-31 70.36 21.73 41.71
2012-12-31 69.64 21.27 40.43
2012-09-30 69.83 21.72 39.60

*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.
  • Hypothekarbank Lenzburg has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hypothekarbank Lenzburg used its assets less efficiently than the Europe Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Hypothekarbank Lenzburg 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 Hypothekarbank Lenzburg'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 Mortgage 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.
Hypothekarbank Lenzburg has a total score of 1/6, 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 Hypothekarbank Lenzburg'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 Hypothekarbank Lenzburg'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 Hypothekarbank Lenzburg Company Filings, last reported 2 weeks ago.

SWX:HBLN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 506.32 928.20 464.87
2019-03-31 506.32 928.20 464.87
2018-12-31 474.23 948.89 477.69
2018-09-30 474.23 948.89 477.69
2018-06-30 463.19 1,031.85 483.34
2018-03-31 463.19 1,031.85 483.34
2017-12-31 464.27 950.17 466.05
2017-09-30 464.27 950.17 466.05
2017-06-30 482.45 966.70 428.74
2017-03-31 482.45 966.70 428.74
2016-12-31 449.89 875.19 483.48
2016-09-30 449.89 875.19 483.48
2016-06-30 437.80 819.72 378.22
2016-03-31 437.80 819.72 378.22
2015-12-31 435.61 768.92 386.18
2015-09-30 435.61 768.92 386.18
2015-06-30 425.24 791.21 358.74
2015-03-31 425.24 791.21 358.74
2014-12-31 421.89 780.38 283.63
2014-09-30 421.89 780.38 283.63
2014-06-30 410.74 834.87 233.19
2014-03-31 410.74 834.87 233.19
2013-12-31 407.11 730.42 143.63
2013-09-30 407.11 730.42 143.63
2013-06-30 396.81 773.07 134.27
2013-03-31 396.81 773.07 134.27
2012-12-31 392.13 786.75 136.42
2012-09-30 392.13 786.75 136.42
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.
  • Hypothekarbank Lenzburg has an acceptable proportion of non-loan assets held.
  • Hypothekarbank Lenzburg's liabilities are made up of primarily low risk sources of funding.
  • Loans at Hypothekarbank Lenzburg are broadly funded by customer deposits.
  • Hypothekarbank Lenzburg's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Hypothekarbank Lenzburg has a low allowance for bad loans.
  • Hypothekarbank Lenzburg has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Hypothekarbank Lenzburg'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. Hypothekarbank Lenzburg has a total score of 5/6, 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 Hypothekarbank Lenzburg'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
2.44%
Current annual income from Hypothekarbank Lenzburg dividends.
If you bought CHF2,000 of Hypothekarbank Lenzburg shares you are expected to receive CHF49 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?
  • Hypothekarbank Lenzburg's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.96%).
  • Hypothekarbank Lenzburg's dividend is below 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:HBLN 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
Europe Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.2%
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:HBLN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-13 110.000 2.431
2019-01-18 110.000 2.478
2018-02-14 110.000 2.443
2018-01-12 110.000 2.434
2017-02-15 110.000 2.445
2017-01-13 110.000 2.501
2016-02-18 110.000 2.614
2016-01-15 110.000 2.685
2015-02-19 110.000 2.631
2015-02-16 110.000 2.593
2014-02-13 110.000 2.655
2013-02-15 110.000 2.716
2012-02-16 110.000 2.589
2011-01-14 110.000 2.538
2010-02-23 110.000 2.474
2009-02-20 110.000 2.440

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.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Hypothekarbank Lenzburg's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x 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 Hypothekarbank Lenzburg'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 Hypothekarbank Lenzburg afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hypothekarbank Lenzburg has a total score of 3/6, 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 Hypothekarbank Lenzburg'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
Marianne Wildi
COMPENSATION CHF0
AGE 54
TENURE AS CEO 9.5 years
CEO Bio

Ms. Marianne Wildi serves as Chairwoman of the Management Board at Hypothekarbank Lenzburg AG. Ms. Wildi serves as Director of Leadership & Computer Science and Chief Executive Officer at Hypothekarbank Lenzburg AG and served as its Director of Services, Informatics & Logistics and Head of The Corporate Services, IT and Logistics Departments. She served as Chief Executive Officer at Hypothekarbank Lenzburg AG since January 20, 2010 and served as its Head of Services Informatics. She has been a Member of the Management Board at Hypothekarbank Lenzburg AG since 2010.

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

Average tenure and age of the Hypothekarbank Lenzburg management team in years:

3.5
Average Tenure
54
Average Age
  • The tenure for the Hypothekarbank Lenzburg management team is about average.
Management Team

Marianne Wildi

TITLE
Chairwoman of the Executive Board
AGE
54
TENURE
9.5 yrs

Rolf Bohnenblust

TITLE
Director of Finance & Risk Management and Member of the Executive Board
AGE
58
TENURE
6.5 yrs

Roger Brechbühler

TITLE
Director of Private & Corporate Clients and Member of the Executive Board
AGE
48
TENURE
8.5 yrs

Reto Huenerwadel

TITLE
Member of the Executive Board & Director of Market Services
TENURE
0.3 yrs

Karsten Kunert

TITLE
Director of Operations & Member of the Executive Board
TENURE
0.5 yrs

A ndré Renfer

TITLE
Director of Services & Member of the Executive Board
TENURE
0.5 yrs

Stefan Ryser

TITLE
Head of the Accounting Department & Authorised Officer

René Zimmerli

TITLE
Technical Head of the Loans & Syndicated Financing Department and Vice Director

Bundi David

TITLE
Head of Compliance & Deputy Director

Peter Schöpp

TITLE
Head of the Marketing & Communication Department and Authorised Officer
Board of Directors Tenure

Average tenure and age of the Hypothekarbank Lenzburg board of directors in years:

6.3
Average Tenure
55
Average Age
  • The tenure for the Hypothekarbank Lenzburg board of directors is about average.
Board of Directors

Gerhard Hanhart

TITLE
President of the Board
COMPENSATION
CHF111K
AGE
63
TENURE
4.3 yrs

Thomas Wietlisbach

TITLE
Vice President of the Board
COMPENSATION
CHF55K
AGE
57

René Brülhart

TITLE
Director
COMPENSATION
CHF48K
AGE
47
TENURE
3.3 yrs

Therese Suter

TITLE
Director
COMPENSATION
CHF24K
AGE
54
TENURE
12.5 yrs

Ursula McCreight-Ernst

TITLE
Director
COMPENSATION
CHF31K
AGE
60
TENURE
21.5 yrs

Kaspar Hemmeler

TITLE
Director
COMPENSATION
CHF30K
AGE
49
TENURE
9.3 yrs

Marco Killer

TITLE
Director
COMPENSATION
CHF43K
AGE
41
TENURE
6.3 yrs

Christoph Schwarz

TITLE
Director
COMPENSATION
CHF29K
AGE
56
TENURE
6.3 yrs

Josef Lingg

TITLE
Director
COMPENSATION
CHF22K
AGE
60
TENURE
4.3 yrs

Doris Agotai Schmid

TITLE
Director
COMPENSATION
CHF15K
AGE
47
TENURE
1.3 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 Hypothekarbank Lenzburg'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. Hypothekarbank Lenzburg 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

Here's What Hypothekarbank Lenzburg AG's (VTX:HBLN) P/E Is Telling Us

See our latest analysis for Hypothekarbank Lenzburg How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Hypothekarbank Lenzburg: P/E of 15.55 = CHF4500 ÷ CHF289.36 (Based on the year to December 2018.) Is A High P/E Ratio Good? … How Does Hypothekarbank Lenzburg's Debt Impact Its P/E Ratio?

Simply Wall St -

What Does Hypothekarbank Lenzburg AG's (VTX:HBLN) P/E Ratio Tell You?

We'll show how you can use Hypothekarbank Lenzburg AG's (VTX:HBLN) P/E ratio to inform your assessment of the investment opportunity. … Hypothekarbank Lenzburg has a P/E ratio of 14.48, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Hypothekarbank Lenzburg AG (VTX:HBLN) A Great Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Hypothekarbank Lenzburg AG (VTX:HBLN) has paid dividends to shareholders, and these days it yields 2.6%. … Let's take a look at Hypothekarbank Lenzburg in more detail.

Simply Wall St -

How Does Hypothekarbank Lenzburg AG (VTX:HBLN) Fare As A Dividend Stock?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, Hypothekarbank Lenzburg AG (VTX:HBLN) has been paying a dividend to shareholders. … Let's take a look at Hypothekarbank Lenzburg in more detail.

Simply Wall St -

Should Hypothekarbank Lenzburg AG's (VTX:HBLN) Recent Earnings Worry You?

For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. … Did HBLN's recent earnings growth beat the long-term trend and the industry. … HBLN's trailing twelve-month earnings (from 31 December 2017) of CHF22.08m has

Simply Wall St -

Why Hypothekarbank Lenzburg AG (VTX:HBLN) May Not Be As Efficient As Its Industry

and want to begin learning the link between Hypothekarbank Lenzburg AG (VTX:HBLN)’s return fundamentals and stock market performance. … With an ROE of 4.76%, Hypothekarbank Lenzburg AG (VTX:HBLN) returned in-line to its own industry which delivered 6.95% over the past year. … But what is more interesting is whether HBLN can sustain or improve on this level of return

Simply Wall St -

Hypothekarbank Lenzburg AG (SWX:HBLN): What You Have To Know Before Buying For The Upcoming Dividend

To qualify for the dividend check of CHF40 per share, investors must have owned the shares prior to 11 June 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … 5 checks you should use to assess a dividend stock? … If you are a dividend investor, you should always assess these five key metrics:

Simply Wall St -

How Hypothekarbank Lenzburg AG (VTX:HBLN) Can Impact Your Portfolio Volatility

HBLN’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … How HBLN's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … Thus, we can expect HBLN to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.

Simply Wall St -

Does Hypothekarbank Lenzburg AG's (VTX:HBLN) Past Performance Indicate A Stronger Future?

Check out our latest analysis for Hypothekarbank Lenzburg Did HBLN's recent earnings growth beat the long-term trend and the industry? … For Hypothekarbank Lenzburg, its latest earnings (trailing twelve month) is CHF22.08M, which, in comparison to last year’s level, has grown by a somewhat unexciting 2.09%. … Given that these values are somewhat nearsighted, I have calculated an annualized five-year figure for HBLN's earnings, which stands at CHF21.61M This means that, generally, Hypothekarbank Lenzburg has been able to steadily grow its profits over the last few years as well.

Simply Wall St -

Is Hypothekarbank Lenzburg AG (VTX:HBLN) A Buy At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for HBLN Price per share = CHF4500 Earnings per share = CHF306.639 ∴ Price-Earnings Ratio = CHF4500 ÷ CHF306.639 = 14.7x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with HBLN, then HBLN’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with HBLN, HBLN’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

Company Info

Description

Hypothekarbank Lenzburg AG provides various banking services and products to private, corporate, and investor customers in Switzerland. It offers accounts, real estate and mortgage loans, credit and debit cards, pension/financial planning services, and securities solutions; and foreign exchange, direct debit, safe box, and e-banking and mobile banking services. The company operates through its headquarters and has 12 branches, as well as operates 23 ATMs. Hypothekarbank Lenzburg AG was founded in 1868 and is headquartered in Lenzburg, Switzerland.

Details
Name: Hypothekarbank Lenzburg AG
HBLN
Exchange: SWX
Founded: 1868
CHF322,951,500
71,767
Website: http://www.hbl.ch
Address: Hypothekarbank Lenzburg AG
Bahnhofstrasse 2,
Lenzburg,
Aargau, Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX HBLN Register Shares SIX Swiss Exchange CH CHF 10. Nov 1993
BST 1Y2 Register Shares Boerse-Stuttgart DE EUR 10. Nov 1993
Number of employees
Current staff
Staff numbers
276
Hypothekarbank Lenzburg employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:40
End of day share price update: 2019/07/16 00:00
Last earnings filing: 2019/07/10
Last earnings reported: 2019/06/30
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.