Upcoming Dividend • May 11
Upcoming dividend of CHF6.00 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Swiss dividend payers (3.7%). Higher than average of industry peers (3.0%). Live News • May 10
Valiant Holding Shares Slide 9.1% as Weak Earnings and High Debt Raise Concerns Valiant Holding stock dropped 9.1% in pre-market trading on 8 May after a weak earnings release.
The company reported declining revenue alongside a high debt-to-equity ratio of 4.38, pointing to balance sheet pressure.
Market sentiment toward the stock turned negative, with some indicators pointing to potential downside risk.
For you as an investor, the key issue here is the combination of soft earnings and a leveraged capital structure. A debt-to-equity ratio of 4.38 means the bank is relying heavily on borrowed funds relative to shareholder capital, which can limit its room to maneuver if conditions stay difficult or if funding costs stay elevated. When that sits alongside weaker revenue, the market often questions how easily the company can support its obligations while also investing for growth or defending profitability.
The sharp pre-market move reflects that concern being priced in quickly. If you follow the stock, it may be useful to focus less on the one-day price reaction and more on how management addresses revenue trends and capital strength in upcoming updates. Pay close attention to any comments on asset quality, funding costs and capital buffers, as those pieces tend to matter most for a regional bank with a relatively high leverage profile. Price Target Changed • Apr 21
Price target increased by 13% to CHF156 Up from CHF138, the current price target is an average from 4 analysts. New target price is 15% below last closing price of CHF183. Stock is up 52% over the past year. The company is forecast to post earnings per share of CHF10.58 for next year compared to CHF9.80 last year. Announcement • Apr 19
Valiant Holding AG, Annual General Meeting, May 13, 2026 Valiant Holding AG, Annual General Meeting, May 13, 2026, at 15:00 W. Europe Standard Time. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: CHF9.80 (vs CHF9.52 in FY 2024) Full year 2025 results: EPS: CHF9.80 (up from CHF9.52 in FY 2024). Revenue: CHF549.5m (flat on FY 2024). Net income: CHF154.7m (up 2.9% from FY 2024). Profit margin: 28% (in line with FY 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 18
Price target increased by 9.7% to CHF142 Up from CHF129, the current price target is an average from 4 analysts. New target price is 15% below last closing price of CHF167. Stock is up 48% over the past year. Declared Dividend • Feb 09
Dividend increased to CHF6.00 Dividend of CHF6.00 is 3.4% higher than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 3.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (61% payout ratio) and is expected to be covered in 3 years' time (69% forecast payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Announcement • Feb 06
Valiant Holding AG announces Annual dividend, payable on May 20, 2026 Valiant Holding AG announced Annual dividend of CHF 6.0000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026. Price Target Changed • Nov 07
Price target increased by 12% to CHF141 Up from CHF127, the current price target is an average from 3 analysts. New target price is 5.9% above last closing price of CHF133. Stock is up 31% over the past year. The company is forecast to post earnings per share of CHF10.00 for next year compared to CHF9.52 last year. Price Target Changed • Aug 06
Price target increased by 7.5% to CHF129 Up from CHF120, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CHF132. Stock is up 34% over the past year. The company is forecast to post earnings per share of CHF10.00 for next year compared to CHF9.52 last year. Price Target Changed • Jul 30
Price target increased by 10% to CHF127 Up from CHF115, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CHF126. Stock is up 27% over the past year. The company is forecast to post earnings per share of CHF9.87 for next year compared to CHF9.52 last year. Reported Earnings • Jul 27
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CHF140.6m (flat on 2Q 2024). Net income: CHF40.6m (up 2.8% from 2Q 2024). Profit margin: 29% (in line with 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Banks industry in Switzerland. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Roland Herrmann was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • May 21
Price target increased by 7.5% to CHF120 Up from CHF112, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CHF120. Stock is up 9.1% over the past year. The company is forecast to post earnings per share of CHF9.95 for next year compared to CHF9.52 last year. Reported Earnings • May 09
Full year 2024 earnings released: EPS: CHF9.52 (vs CHF9.13 in FY 2023) Full year 2024 results: EPS: CHF9.52 (up from CHF9.13 in FY 2023). Revenue: CHF551.7m (up 1.1% from FY 2023). Net income: CHF150.4m (up 4.2% from FY 2023). Profit margin: 27% (in line with FY 2023). Net interest margin (NIM): 1.12% (down from 1.19% in FY 2023). Cost-to-income ratio: 53.1% (up from 51.3% in FY 2023). Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Banks industry in Switzerland are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Upcoming Dividend • May 09
Upcoming dividend of CHF5.80 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 4.7%. Within top quartile of Swiss dividend payers (4.0%). Higher than average of industry peers (3.7%). Price Target Changed • Feb 07
Price target decreased by 7.1% to CHF112 Down from CHF120, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CHF112. Stock is up 10% over the past year. Upcoming Dividend • May 17
Upcoming dividend of CHF5.50 per share Eligible shareholders must have bought the stock before 24 May 2024. Payment date: 28 May 2024. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Swiss dividend payers (4.1%). Higher than average of industry peers (3.7%). Reported Earnings • Feb 02
Full year 2023 earnings released Full year 2023 results: Revenue: CHF545.8m (up 22% from FY 2022). Net income: CHF144.3m (up 11% from FY 2022). Profit margin: 26% (down from 29% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Banks industry in Switzerland. Reported Earnings • Aug 02
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CHF144.4m (up 26% from 2Q 2022). Net income: CHF37.5m (up 8.9% from 2Q 2022). Profit margin: 26% (down from 30% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in Switzerland. Upcoming Dividend • May 15
Upcoming dividend of CHF5.00 per share at 4.8% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of Swiss dividend payers (4.3%). Higher than average of industry peers (3.6%). Reported Earnings • May 09
First quarter 2023 earnings released First quarter 2023 results: EPS: CHF1.88. Revenue: CHF121.6m (up 13% from 1Q 2022). Net income: CHF29.7m (up 7.8% from 1Q 2022). Profit margin: 24% (down from 26% in 1Q 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Switzerland. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: CHF8.20 (vs CHF7.80 in FY 2021) Full year 2022 results: EPS: CHF8.20 (up from CHF7.80 in FY 2021). Revenue: CHF448.4m (up 4.1% from FY 2021). Net income: CHF129.5m (up 5.2% from FY 2021). Profit margin: 29% (in line with FY 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Buying Opportunity • Feb 02
Now 20% undervalued Over the last 90 days, the stock is up 2.2%. The fair value is estimated to be CHF127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 7.1% in 2 years. Earnings is forecast to grow by 12% in the next 2 years. Price Target Changed • Jan 11
Price target increased to CHF116 Up from CHF103, the current price target is an average from 2 analysts. New target price is 14% above last closing price of CHF101. Stock is up 7.2% over the past year. The company is forecast to post earnings per share of CHF8.14 for next year compared to CHF7.80 last year. Reported Earnings • May 21
First quarter 2022 earnings: Revenues exceed analyst expectations First quarter 2022 results: Revenue: CHF107.7m (up 6.0% from 1Q 2021). Net income: CHF27.5m (up 3.8% from 1Q 2021). Profit margin: 26% (in line with 1Q 2021). Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.6% while the industry in Switzerland is not expected to grow. Upcoming Dividend • May 13
Upcoming dividend of CHF5.00 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of Swiss dividend payers (3.9%). Higher than average of industry peers (3.8%). Price Target Changed • Apr 27
Price target increased to CHF103 Up from CHF92.50, the current price target is an average from 3 analysts. New target price is 6.9% above last closing price of CHF95.90. Stock is down 6.5% over the past year. The company is forecast to post earnings per share of CHF7.94 for next year compared to CHF7.80 last year. Reported Earnings • Apr 03
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: CHF430.6m (up 4.2% from FY 2020). Net income: CHF123.1m (up 1.0% from FY 2020). Profit margin: 29% (in line with FY 2020). Net interest margin (NIM): 0.99% (down from 1.05% in FY 2020). Cost-to-income ratio: 57.2% (up from 56.5% in FY 2020). Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 3.8%, compared to a 2.5% growth forecast for the banks industry in Switzerland. Announcement • Mar 29
Valiant Holding AG to Report Nine Months, 2022 Results on Nov 08, 2022 Valiant Holding AG announced that they will report nine months, 2022 results on Nov 08, 2022 Price Target Changed • Feb 22
Price target increased to CHF103 Up from CHF92.50, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CHF97.80. Stock is up 6.1% over the past year. Reported Earnings • Feb 20
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: CHF430.6m (up 4.2% from FY 2020). Net income: CHF123.1m (up 1.0% from FY 2020). Profit margin: 29% (in line with FY 2020). Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 4.8%, compared to a 4.2% growth forecast for the banks industry in Switzerland. Reported Earnings • Nov 09
Third quarter 2021 earnings released The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: CHF116.4m (up 5.1% from 3Q 2020). Net income: CHF27.4m (flat on 3Q 2020). Profit margin: 24% (down from 25% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 06
Second quarter 2021 earnings released The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CHF99.0m (down 3.4% from 2Q 2020). Net income: CHF34.7m (up 2.1% from 2Q 2020). Profit margin: 35% (up from 33% in 2Q 2020). The increase in margin was driven by lower expenses. Price Target Changed • Jun 11
Price target increased to CHF97.00 Up from CHF88.50, the current price target is an average from 4 analysts. New target price is 5.8% above last closing price of CHF91.70. Stock is up 9.4% over the past year. Executive Departure • May 27
Independent Director has left the company On the 19th of May, Franziska von Weissenfluh's tenure as Independent Director ended after 10.0 years in the role. As of March 2021, Franziska personally held 3.55k shares (CHF275k worth at the time). Franziska is the only executive to leave the company over the last 12 months. Upcoming Dividend • May 14
Upcoming dividend of CHF5.00 per share Eligible shareholders must have bought the stock before 21 May 2021. Payment date: 25 May 2021. Trailing yield: 5.0%. Within top quartile of Swiss dividend payers (3.6%). Higher than average of industry peers (3.6%). Reported Earnings • May 09
First quarter 2021 earnings released The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CHF101.6m (up 12% from 1Q 2020). Net income: CHF26.5m (up 1.5% from 1Q 2020). Profit margin: 26% (down from 29% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CHF7.72 (vs CHF7.67 in FY 2019) The company reported a solid full year result with improved revenues, although earnings and profit margins were flat. Full year 2020 results: Revenue: CHF413.1m (up 1.9% from FY 2019). Net income: CHF121.9m (flat on FY 2019). Profit margin: 30% (in line with FY 2019). Net interest margin (NIM): 1.05% (down from 1.10% in FY 2019). Cost-to-income ratio: 56.5% (down from 57.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Is New 90 Day High Low • Mar 02
New 90-day high: CHF93.40 The company is up 8.0% from its price of CHF86.70 on 02 December 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF83.61 per share. Is New 90 Day High Low • Feb 08
New 90-day high: CHF90.20 The company is up 6.0% from its price of CHF84.80 on 10 November 2020. The Swiss market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF82.92 per share. Is New 90 Day High Low • Jan 07
New 90-day high: CHF89.60 The company is up 15% from its price of CHF77.60 on 09 October 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF82.92 per share. Is New 90 Day High Low • Nov 16
New 90-day high: CHF87.80 The company is up 2.0% from its price of CHF86.10 on 18 August 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF70.90 per share. Is New 90 Day High Low • Oct 21
New 90-day low: CHF75.00 The company is down 16% from its price of CHF89.50 on 22 July 2020. The Swiss market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF70.88 per share. Is New 90 Day High Low • Oct 01
New 90-day low: CHF76.70 The company is down 13% from its price of CHF87.70 on 03 July 2020. The Swiss market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF70.88 per share.