Valiant Holding AG

SWX:VATN Stock Report

Market Cap: CHF 1.6b

Valiant Holding Valuation

Is VATN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VATN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VATN (CHF103.4) is trading below our estimate of fair value (CHF195.08)

Significantly Below Fair Value: VATN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VATN?

Key metric: As VATN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VATN. This is calculated by dividing VATN's market cap by their current earnings.
What is VATN's PE Ratio?
PE Ratio10.9x
EarningsCHF 149.58m
Market CapCHF 1.63b

Price to Earnings Ratio vs Peers

How does VATN's PE Ratio compare to its peers?

The above table shows the PE ratio for VATN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.1x
WKBN Walliser Kantonalbank
12.7xn/aCHF 1.8b
BCGE Banque Cantonale de Genève
7.6xn/aCHF 1.7b
BLKB Basellandschaftliche Kantonalbank
11.7xn/aCHF 1.8b
BEKN Berner Kantonalbank
12.4xn/aCHF 2.2b
VATN Valiant Holding
10.9x3.2%CHF 1.6b

Price-To-Earnings vs Peers: VATN is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (11.1x).

Price to Earnings Ratio vs Industry

How does VATN's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VATN 10.9xIndustry Avg. 7.4xNo. of Companies45PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VATN is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is VATN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VATN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ratio14.6x

Price-To-Earnings vs Fair Ratio: VATN is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VATN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 103.40
CHF 115.00
+11.2%
9.4%CHF 125.00CHF 100.00n/a3
Nov ’25CHF 100.40
CHF 115.00
+14.5%
9.4%CHF 125.00CHF 100.00n/a3
Oct ’25CHF 98.00
CHF 117.50
+19.9%
8.8%CHF 125.00CHF 100.00n/a4
Sep ’25CHF 98.70
CHF 117.50
+19.0%
8.8%CHF 125.00CHF 100.00n/a4
Aug ’25CHF 99.70
CHF 117.50
+17.9%
8.8%CHF 125.00CHF 100.00n/a4
Jul ’25CHF 101.40
CHF 119.75
+18.1%
5.0%CHF 125.00CHF 110.00n/a4
Jun ’25CHF 103.00
CHF 119.75
+16.3%
5.0%CHF 125.00CHF 110.00n/a4
May ’25CHF 107.40
CHF 119.67
+11.4%
5.7%CHF 125.00CHF 110.00n/a3
Apr ’25CHF 105.80
CHF 119.00
+12.5%
5.4%CHF 125.00CHF 110.00n/a3
Mar ’25CHF 102.60
CHF 119.00
+16.0%
5.4%CHF 125.00CHF 110.00n/a3
Feb ’25CHF 104.80
CHF 118.00
+12.6%
6.7%CHF 125.00CHF 107.00n/a3
Jan ’25CHF 95.40
CHF 117.67
+23.3%
6.6%CHF 125.00CHF 107.00n/a3
Dec ’24CHF 94.80
CHF 117.67
+24.1%
6.6%CHF 125.00CHF 107.00n/a3
Nov ’24CHF 99.20
CHF 121.67
+22.6%
2.1%CHF 125.00CHF 119.00CHF 100.403
Oct ’24CHF 94.90
CHF 121.67
+28.2%
2.1%CHF 125.00CHF 119.00CHF 98.003
Sep ’24CHF 94.10
CHF 121.67
+29.3%
2.1%CHF 125.00CHF 119.00CHF 98.703
Aug ’24CHF 95.80
CHF 121.67
+27.0%
2.1%CHF 125.00CHF 119.00CHF 99.703
Jul ’24CHF 93.20
CHF 121.67
+30.5%
2.1%CHF 125.00CHF 119.00CHF 101.403
Jun ’24CHF 95.40
CHF 121.67
+27.5%
2.1%CHF 125.00CHF 119.00CHF 103.003
May ’24CHF 103.60
CHF 121.67
+17.4%
2.1%CHF 125.00CHF 119.00CHF 107.403
Apr ’24CHF 98.20
CHF 121.67
+23.9%
2.1%CHF 125.00CHF 119.00CHF 105.803
Mar ’24CHF 104.40
CHF 121.67
+16.5%
2.1%CHF 125.00CHF 119.00CHF 102.603
Feb ’24CHF 103.20
CHF 118.00
+14.3%
4.8%CHF 123.00CHF 110.00CHF 104.803
Jan ’24CHF 100.00
CHF 107.00
+7.0%
2.8%CHF 110.00CHF 104.00CHF 95.402
Dec ’23CHF 99.60
CHF 107.00
+7.4%
2.8%CHF 110.00CHF 104.00CHF 94.802
Nov ’23CHF 97.00
CHF 107.00
+10.3%
2.8%CHF 110.00CHF 104.00CHF 99.202

Analyst Forecast: Target price is less than 20% higher than the current share price.

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