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Bank Linth LLB

SWX:LINN
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LINN
SWX
CHF388M
Market Cap
  1. Home
  2. CH
  3. Banks
Company description

Bank Linth LLB AG provides various banking products and services for private and corporate clients in Switzerland. The last earnings update was 28 days ago. More info.


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LINN Share Price and Events
7 Day Returns
0.4%
SWX:LINN
0.7%
CH Banks
1.9%
CH Market
1 Year Returns
-1.2%
SWX:LINN
3.1%
CH Banks
3.7%
CH Market
LINN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank Linth LLB (LINN) 0.4% 4.8% 7.1% -1.2% -14% 4.2%
CH Banks 0.7% 2.1% 7.4% 3.1% 12.6% 26.6%
CH Market 1.9% 3.2% 11.8% 3.7% 16.5% 14.5%
1 Year Return vs Industry and Market
  • LINN underperformed the Banks industry which returned 3.1% over the past year.
  • LINN underperformed the Market in Switzerland which returned 3.7% over the past year.
Price Volatility
LINN
Industry
5yr Volatility vs Market

LINN Value

 Is Bank Linth LLB 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 Bank Linth LLB 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 Bank Linth LLB.

SWX:LINN 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
= CHF586.33 * 4.5%
CHF26.64
Book Value of Equity per Share Median Book Value from the past 5 years. CHF586.33
Discount Rate (Cost of Equity) See below 15.2%
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:LINN
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))
= 0.598 (1 + (1- 18%) (534.86%))
2.486
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (2 * 5.96%)
15.2%

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

The calculations below outline how an intrinsic value for Bank Linth LLB 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:LINN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.5% – 15.2%) * CHF586.33)
CHF-62.45
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF-62.45 / (15.2% - 3.28%)
CHF-523.91
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF586.33 + CHF-523.91
CHF62.42
SWX:LINN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF62.42
Current discount Discount to share price of CHF482.00
= -1 x (CHF482.00 - CHF62.42) / CHF62.42
-672.2%

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

  • The current share price of Bank Linth LLB 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 Bank Linth LLB's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank Linth LLB's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:LINN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF31.13
SWX:LINN Share Price ** SWX (2019-03-20) in CHF CHF482
Switzerland Banks Industry PE Ratio Median Figure of 17 Publicly-Listed Banks Companies 18x
Switzerland Market PE Ratio Median Figure of 176 Publicly-Listed Companies 18.08x

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

** Primary Listing of Bank Linth LLB.

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

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

= 482 ÷ 31.13

15.48x

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

  • Bank Linth LLB is good value based on earnings compared to the CH Banks industry average.
  • Bank Linth LLB is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Bank Linth LLB's expected growth come at a high price?
Raw Data
SWX:LINN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.6%per year
Switzerland Banks Industry PEG Ratio Median Figure of 5 Publicly-Listed Banks Companies 8.79x
Switzerland Market PEG Ratio Median Figure of 123 Publicly-Listed Companies 2.41x

*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 Bank Linth LLB, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank Linth LLB's assets?
Raw Data
SWX:LINN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF614.42
SWX:LINN Share Price * SWX (2019-03-20) in CHF CHF482
Switzerland Banks Industry PB Ratio Median Figure of 17 Publicly-Listed Banks Companies 0.99x
Switzerland Market PB Ratio Median Figure of 209 Publicly-Listed Companies 1.65x
SWX:LINN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 482 ÷ 614.42

0.78x

* Primary Listing of Bank Linth LLB.

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

  • Bank Linth LLB is good value based on assets compared to the CH Banks industry average.
X
Value checks
We assess Bank Linth LLB'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. Bank Linth LLB 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.

LINN Future Performance

 How is Bank Linth LLB expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bank Linth LLB, 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
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank Linth LLB expected to grow at an attractive rate?
  • Bank Linth LLB's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Bank Linth LLB's earnings growth is positive but not above the Switzerland market average.
  • Unable to compare Bank Linth LLB's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SWX:LINN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:LINN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.6%
Switzerland Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.1%
Switzerland Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 8.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*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:LINN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:LINN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 95 -162 25
2018-09-30 94 24
2018-06-30 93 24
2018-03-31 92 23
2017-12-31 91 -274 23
2017-09-30 89 22
2017-06-30 86 21
2017-03-31 85 20
2016-12-31 83 -210 20
2016-09-30 85 20
2016-06-30 87 19
2016-03-31 87 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank Linth LLB's earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Bank Linth LLB 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:LINN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

SWX:LINN Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 31.13
2018-09-30 30.40
2018-06-30
2018-03-31
2017-12-31 28.25
2017-09-30 27.11
2017-06-30
2017-03-31
2016-12-31 25.09
2016-09-30 24.42
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 Bank Linth LLB will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bank Linth LLB'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.
Bank Linth LLB has a total score of 1/6, 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.

LINN Past Performance

  How has Bank Linth LLB 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 Bank Linth LLB'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.
  • Bank Linth LLB's year on year earnings growth rate has been positive over the past 5 years.
  • Bank Linth LLB's 1-year earnings growth exceeds its 5-year average (10.4% vs 5.6%)
  • Bank Linth LLB's earnings growth has exceeded the CH Banks industry average in the past year (10.4% vs 2.3%).
Earnings and Revenue History
Bank Linth LLB'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 Bank Linth LLB Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:LINN 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 95.12 24.97 60.62
2018-09-30 93.92 24.48 60.32
2018-06-30 92.72 23.99 60.03
2018-03-31 91.85 23.30 60.44
2017-12-31 90.98 22.61 60.84
2017-09-30 88.56 21.70 61.21
2017-06-30 86.13 20.79 61.59
2017-03-31 84.58 20.43 60.81
2016-12-31 83.03 20.07 60.04
2016-09-30 85.02 19.55 60.74
2016-06-30 87.01 19.03 61.44
2016-03-31 87.12 19.74 61.54
2015-12-31 87.23 20.46 61.64
2015-09-30 85.08 20.20 60.99
2015-06-30 82.93 19.93 60.34
2015-03-31 85.08 19.93 60.40
2014-12-31 87.24 19.93 60.46
2014-09-30 86.67 19.77 60.47
2014-06-30 86.11 19.60 60.48
2014-03-31 84.17 18.26 61.30
2013-12-31 82.22 16.92 62.13
2013-09-30 82.77 16.68 62.01
2013-06-30 83.33 16.45 61.89
2013-03-31 83.65 15.96 63.51
2012-12-31 83.97 15.47 65.14
2012-09-30 84.38 16.20 64.77
2012-06-30 84.79 16.92 64.40
2012-03-31 84.64 17.53 62.83

*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.
  • Bank Linth LLB has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank Linth LLB used its assets less efficiently than the CH Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank Linth LLB 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 Bank Linth LLB'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.
Bank Linth LLB has a total score of 3/6, 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.

LINN Health

 How is Bank Linth LLB'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 Bank Linth LLB'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 Bank Linth LLB Company Filings, last reported 2 months ago.

SWX:LINN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 494.86 2,076.36 890.35
2018-09-30 494.86 2,076.36 890.35
2018-06-30 477.27 2,098.81 872.90
2018-03-31 477.27 2,098.81 872.90
2017-12-31 469.31 1,846.42 617.91
2017-09-30 469.31 1,846.42 617.91
2017-06-30 457.49 1,789.17 611.53
2017-03-31 457.49 1,789.17 611.53
2016-12-31 453.10 1,710.23 603.29
2016-09-30 453.10 1,710.23 603.29
2016-06-30 443.10 1,691.02 572.75
2016-03-31 443.10 1,691.02 572.75
2015-12-31 438.43 1,709.44 658.84
2015-09-30 438.43 1,709.44 658.84
2015-06-30 428.07 1,721.73 545.40
2015-03-31 428.07 1,721.73 545.40
2014-12-31 423.47 1,582.90 367.78
2014-09-30 423.47 1,582.90 367.78
2014-06-30 413.97 1,328.56 248.48
2014-03-31 413.97 1,328.56 248.48
2013-12-31 405.92 1,447.54 242.71
2013-09-30 405.92 1,447.54 242.71
2013-06-30 396.65 1,340.68 172.97
2013-03-31 396.65 1,340.68 172.97
2012-12-31 393.90 1,422.22 207.84
2012-09-30 393.90 1,422.22 207.84
2012-06-30 383.62 1,368.84 176.57
2012-03-31 383.62 1,368.84 176.57
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.
  • Bank Linth LLB has an acceptable proportion of non-loan assets held.
  • Bank Linth LLB's liabilities are made up of primarily low risk sources of funding.
  • Bank Linth LLB has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Bank Linth LLB's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bank Linth LLB has a low allowance for bad loans.
  • Bank Linth LLB has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Bank Linth LLB'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. Bank Linth LLB has a total score of 3/6, 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.

LINN Dividends

 What is Bank Linth LLB'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
1.87%
Current annual income from Bank Linth LLB dividends.
If you bought CHF2,000 of Bank Linth LLB shares you are expected to receive CHF37 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?
  • Bank Linth LLB's pays a lower dividend yield than the bottom 25% of dividend payers in Switzerland (1.9%).
  • Bank Linth LLB's dividend is below the markets top 25% of dividend payers in Switzerland (3.56%).
Upcoming dividend payment

Purchase Bank Linth LLB on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:LINN 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 3.3%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 165 Stocks 3.1%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.9%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

SWX:LINN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-20 9.000 1.910
2018-02-20 9.000 1.914
2017-02-21 8.000 1.578
2016-02-12 8.000 1.440
2015-02-10 8.000 1.526
2014-02-24 8.000 1.679
2013-03-13 8.000 1.844
2012-03-06 12.000 2.845
2011-02-28 12.000 2.683
2010-01-04 12.000 2.460
2009-03-23 12.000 2.710

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Bank Linth LLB's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x 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 Bank Linth LLB'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 Bank Linth LLB afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank Linth LLB has a total score of 1/6, see the detailed checks below.


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

LINN Management

 What is the CEO of Bank Linth LLB'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
David Sarasin
COMPENSATION CHF845,000
AGE 51
TENURE AS CEO 6.7 years
CEO Bio

Dr. David B. Sarasin serves as Chairman of the Management Board, CEO and Head of Private & Corporate Clients of Bank Linth LLB, AG and also serves as its Head of Private and Commercial Customers. Dr. Sarasin served as Chief Executive Officer at Bank Linth LLB, AG since July 1, 2012. Dr. Sarasin serves as Head of Retail & Corporate Banking, Schweiz at Liechtensteinische Landesbank AG. He serves as Chairman of Bank Linth Llb Ag.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year.
  • David's remuneration is about average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Bank Linth LLB management team in years:

6.4
Average Tenure
50
Average Age
  • The average tenure for the Bank Linth LLB management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Sarasin

TITLE
Chairman of the Management Board
COMPENSATION
CHF845K
AGE
51
TENURE
6.7 yrs

Urs Isenrich

TITLE
Head of Credit
AGE
56

Luc Schuurmans

TITLE
Head of Private Banking & Member of the Executive Board
AGE
50
TENURE
8.2 yrs

Roland Greber

TITLE
Head of Operations & Services and Member of Management Board
AGE
50
TENURE
6.2 yrs

Robert Hangartner

TITLE
Head of Corporate Communication

Marlène Frey

TITLE
Head of corporate communications

Martin Broder

TITLE
Head of Private Customers
TENURE
1.2 yrs

Jürg Hunkeler

TITLE
Head of Corporate Clients
TENURE
1.2 yrs

Roland Matt

TITLE
Group Chief Executive Officer of Liechtensteinische Landesbank AG
COMPENSATION
CHF65K
AGE
48
TENURE
6.7 yrs
Board of Directors Tenure

Average tenure and age of the Bank Linth LLB board of directors in years:

3.4
Average Tenure
52
Average Age
  • The tenure for the Bank Linth LLB board of directors is about average.
Board of Directors

Ralph Siegl

TITLE
President of the Board
COMPENSATION
CHF218K
AGE
52
TENURE
2.9 yrs

Urs Müller

TITLE
Vice President of the Board
COMPENSATION
CHF60K
AGE
56
TENURE
1.9 yrs

Christoph Reich

TITLE
Director
COMPENSATION
CHF45K
AGE
44
TENURE
7 yrs

Gabriel Brenna

TITLE
Director
COMPENSATION
CHF30K
AGE
45
TENURE
3.9 yrs

Karin Lenzlinger Diedenhofen

TITLE
Director
COMPENSATION
CHF57K
AGE
59
TENURE
3.9 yrs

Beatrix Frey-Eigenmann

TITLE
Director
COMPENSATION
CHF55K
AGE
52
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Bank Linth LLB'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. Bank Linth LLB 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.

LINN News

Simply Wall St News

Is Bank Linth LLB AG (VTX:LINN) Over-Exposed To Risk?

As a small bank, Bank Linth LLB’s profits are directly affected by macroeconomic events as the ability for borrowers to repay their debt depends on the stability of their salary and interest rate levels. … Bad debt is directly written off as an expense which impacts Bank Linth LLB’s bottom line and shareholders’ value. … I will take you through some useful measures of bad debt and liabilities in order to properly analyse Bank Linth LLB’s risk level before you invest in the stock.

Simply Wall St -

What You Should Know About Bank Linth LLB AG’s (VTX:LINN) Liquidity

As a small-cap finance stock with a market capitalisation of CHF354m, the risk and profitability of Bank Linth LLB AG (VTX:LINN) are largely tied to the underlying economic growth of the region it operates in CH. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Bank Linth LLB to vulnerabilities. … Today we will be measuring Bank Linth LLB’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

How Does Bank Linth LLB AG (VTX:LINN) Fare As A Dividend Stock?

Historically, Bank Linth LLB AG (VTX:LINN) has been paying a dividend to shareholders. … Let's take a look at Bank Linth LLB in more detail. … Check out our latest analysis for Bank Linth LLB

Simply Wall St -

Is Bank Linth LLB AG (VTX:LINN) Exposed To Too Much Risk?

Credit risk is one of the biggest risk Bank Linth LLB AG (VTX:LINN) faces as a small cap company operating in a heavily regulated financial services sector. … Since bad debt is written off as an expense, it impacts Bank Linth LLB’s bottom line and shareholders’ value. … Today we will analyse Bank Linth LLB’s level of bad debt and liabilities in order to understand the risk involved with investing in Bank Linth LLB

Simply Wall St -

Is Bank Linth LLB AG (VTX:LINN) A Strong Dividend Stock?

In the past 10 years Bank Linth LLB AG (VTX:LINN) has returned an average of 2.00% per year to investors in the form of dividend payouts. … Does Bank Linth LLB tick all the boxes of a great dividend stock? … Check out our latest analysis for Bank Linth LLB

Simply Wall St -

Should You Be Tempted To Sell Bank Linth LLB AG (VTX:LINN) At Its Current PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind.

Simply Wall St -

Will Bank Linth LLB AG (VTX:LINN) Continue To Underperform Its Industry?

and looking to gauge the potential return on investment in Bank Linth LLB AG (VTX:LINN). … Bank Linth LLB AG (VTX:LINN) performed in line with its regional banks industry on the basis of its ROE – producing a return of 4.82% relative to the peer average of 6.98% over the past 12 months. … But what is more interesting is whether LINN can sustain or improve on this level of return

Simply Wall St -

What You Should Know About Bank Linth LLB AG’s (VTX:LINN) Liquidity

We can gauge Bank Linth LLB’s risk-taking behaviour by analysing three metrics for leverage and liquidity which I will take you through now. … Though banks are required to have a certain level of buffer to meet its capital requirements, Bank Linth LLB’s leverage level of less than the suitable maximum level of 20x, at 15x, is considered to be very cautious and prudent. … Relative to the prudent industry loan to deposit level of 90%, Bank Linth LLB’s ratio of over 132.31% is extremely and unsustainably higher, which puts the bank in a risky position due to the high liquidity disparity between loan and deposit levels.

Simply Wall St -

Did Bank Linth LLB AG (VTX:LINN) Create Value For Investors Over The Past Year?

See our latest analysis for Bank Linth LLB Breaking down Return on Equity Return on Equity (ROE) is a measure of Bank Linth LLB’s profit relative to its shareholders’ equity. … Bank Linth LLB’s cost of equity is 11.00%. … This means Bank Linth LLB’s returns actually do not cover its own cost of equity, with a discrepancy of -6.18%.

Simply Wall St -

Does Bank Linth LLB AG's (VTX:LINN) PE Ratio Warrant A Sell?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for LINN Price per share = CHF478 Earnings per share = CHF28.248 ∴ Price-Earnings Ratio = CHF478 ÷ CHF28.248 = 16.9x 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 are inadvertently comparing riskier firms with LINN, then LINN’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price. … If this assumption does not hold true, LINN’s higher P/E ratio may be because firms in our peer group are being undervalued by the market.

Simply Wall St -

LINN Company Info

Description

Bank Linth LLB AG provides various banking products and services for private and corporate clients in Switzerland. It offers payment and savings accounts, mortgages, investment loans, credit products, construction and other loans, real estate financing products, cards, and investment products and services. The company also provides pension products, payment services, locker services, SME banking services, and private and e-banking services. It serves its customers through 19 locations in Switzerland. The company was founded in 1848 and is based in Uznach, Switzerland. Bank Linth LLB AG is a subsidiary of Liechtensteinische Landesbank AG.

Details
Name: Bank Linth LLB AG
LINN
Exchange: SWX
Founded: 1848
CHF388,204,246
805,403
Website: http://www.banklinth.ch
Address: Bank Linth LLB AG
Zürcherstrasse 3,
Uznach,
St. Gallen, 8730,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX LINN Registered Shares SIX Swiss Exchange CH CHF 01. Jan 1992
BST 1Y9 Registered Shares Boerse-Stuttgart DE EUR 01. Jan 1992
LSE 0QMB Registered Shares London Stock Exchange GB CHF 01. Jan 1992
BATS-CHIXE LINNZ Registered Shares BATS 'Chi-X Europe' GB CHF 01. Jan 1992
Number of employees
Current staff
Staff numbers
185
Bank Linth LLB employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 20:42
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/02/20
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.