Stock Analysis Report

Executive Summary

Bank Linth LLB AG provides various banking products and services for private and corporate clients in Switzerland.


PE ratio (16.2x) is below the Swiss market (21.1x)

Earnings grew by 7.3% over the past year

Risk Analysis

Unstable dividend track record

Latest financial reports are more than 6 months old

Snowflake Analysis

Solid track record and fair value.

Similar Companies

Share Price & News

How has Bank Linth LLB's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: LINN has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




CH Banks


CH Market

1 Year Return




CH Banks


CH Market

Return vs Industry: LINN exceeded the Swiss Banks industry which returned 2.3% over the past year.

Return vs Market: LINN underperformed the Swiss Market which returned 17.9% over the past year.

Shareholder returns

7 Day1.8%0.2%1.0%
30 Day4.3%3.0%2.2%
90 Day6.1%6.0%7.3%
1 Year11.9%9.8%5.8%2.3%23.6%17.9%
3 Year-1.0%-6.0%28.0%15.6%41.3%24.0%
5 Year4.4%-3.8%52.4%27.7%47.5%24.0%

Price Volatility Vs. Market

How volatile is Bank Linth LLB's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Bank Linth LLB undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: LINN (CHF505) is trading above our estimate of fair value (CHF289.23)

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

Price To Earnings Ratio

PE vs Industry: LINN is good value based on its PE Ratio (16.2x) compared to the Banks industry average (17x).

PE vs Market: LINN is good value based on its PE Ratio (16.2x) compared to the Swiss market (21.1x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: LINN is good value based on its PB Ratio (0.8x) compared to the CH Banks industry average (1x).

Next Steps

Future Growth

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


Forecasted Banks industry annual growth in earnings

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

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

Next Steps

Past Performance

How has Bank Linth LLB performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LINN has high quality earnings.

Growing Profit Margin: LINN's current net profit margins (26.5%) are higher than last year (25.9%).

Past Earnings Growth Analysis

Earnings Trend: LINN's earnings have grown by 5.9% per year over the past 5 years.

Accelerating Growth: LINN's earnings growth over the past year (7.3%) exceeds its 5-year average (5.9% per year).

Earnings vs Industry: LINN earnings growth over the past year (7.3%) exceeded the Banks industry 2.5%.

Return on Equity

High ROE: LINN's Return on Equity (5.1%) is considered low.

Return on Assets

Return on Capital Employed

Next Steps

Financial Health

How is Bank Linth LLB's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: LINN has a low level of unsold assets or inventory.

Debt Coverage by Assets: LINN's debt is not covered by short term assets (assets are 0.5x debt).

Financial Institutions Analysis

Asset Level: LINN's level of assets compared to its equity is moderate.

Allowance for Bad Loans: LINN has a low allowance for bad loans.

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

Loan Level: LINN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: LINN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: LINN has a high level of bad loans (2.18%)

Next Steps


What is Bank Linth LLB's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Notable Dividend: LINN's dividend (1.78%) is higher than the bottom 25% of dividend payers in the Swiss market (1.71%).

High Dividend: LINN's dividend (1.78%) is low compared to the top 25% of dividend payers in the Swiss market (3.34%).

Stability and Growth of Payments

Stable Dividend: LINN's dividend payments have been volatile in the past 10 years.

Growing Dividend: LINN's dividend payments have fallen over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.9%), LINN's dividend payments are well covered by earnings.

Future Payout to Shareholders

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

Next Steps


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


Average management tenure


David Sarasin (52yo)





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. Saras ...

CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD860.81K) is about average for companies of similar size in the Swiss market ($USD997.48K).

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

Leadership Team

David Sarasin
Chairman of the Management Board7.6yrsCHF845.00k0.029% CHF116.2k
Urs Isenrich
Head of Credit0yrsno data0.0012% CHF5.0k
Luc Schuurmans
Head of Private Banking & Member of the Executive Board9.1yrsno data0.0062% CHF25.3k
Roland Greber
Head of Operations & Services and Member of Management Board7.1yrsno data0.0012% CHF5.0k
Robert Hangartner
Head of Corporate Communication0yrsno datano data
Marlène Frey
Head of corporate communications0yrsno datano data
Jürg Hunkeler
Head of Corporate Clients2.1yrsno datano data
Silvio Lorenzi
Head of Private Customers0.5yrsno datano data
Christoph Wyler
Head Private Banking0.4yrsno datano data
Roland Matt
Group Chief Executive Officer of Liechtensteinische Landesbank AG7.6yrsCHF65.00kno data


Average Tenure


Average Age

Experienced Management: LINN's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Urs Müller
Vice President of the Board2.8yrsCHF60.00kno data
Karin Lenzlinger Diedenhofen
Director4.8yrsCHF57.00k0.0012% CHF5.0k
Christoph Reich
Director7.9yrsCHF45.00kno data
Ralph Siegl
President of the Board3.8yrsCHF218.00k0.0012% CHF5.0k
Patrick Fürer
Director0.8yrsno datano data
Gabriel Brenna
Director4.8yrsCHF30.00kno data
Beatrix Frey-Eigenmann
Director3.8yrsCHF55.00k0.0031% CHF12.6k
Alfred Schubiger
Honorary President0yrsno datano data


Average Tenure


Average Age

Experienced Board: LINN's board of directors are considered experienced (3.8 years average tenure).


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

Insider Trading Volume

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

Ownership Breakdown

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

Top Shareholders

Company Information

Bank Linth LLB AG's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Bank Linth LLB AG
  • Ticker: LINN
  • Exchange: SWX
  • Founded: 1848
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: CHF406.729m
  • Shares outstanding: 805.40k
  • Website: https://www.banklinth.ch

Number of Employees


  • Bank Linth LLB AG
  • Zürcherstrasse 3
  • Uznach
  • St. Gallen
  • 8730
  • Switzerland


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LINNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJan 1992
0QMBLSE (London Stock Exchange)YesRegistered SharesGBCHFJan 1992
1Y9BST (Boerse-Stuttgart)YesRegistered SharesDEEURJan 1992


Bank Linth LLB AG provides various banking products and services for private and corporate clients in Switzerland. It offers private, shareholder, foreign currency, association, property, youth, student, and savings accounts; mortgages and construction loans; credit products; pension products; and cards. The company also provides investment advice, asset management, consulting and investment, payment, locker, 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 operates as a subsidiary of Liechtensteinische Landesbank Aktiengesellschaft 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 20:49
End of Day Share Price2020/02/14 00:00
Annual Earnings2018/12/31

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