SWX:WKBN

Stock Analysis Report

Walliser Kantonalbank

Executive Summary

Walliser Kantonalbank provides various banking products and services in Switzerland.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Walliser Kantonalbank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

WKBN

1.0%

CH Banks

1.7%

CH Market


1 Year Return

8.5%

WKBN

0.9%

CH Banks

11.8%

CH Market

Return vs Industry: WKBN exceeded the Swiss Banks industry which returned 0.9% over the past year.

Return vs Market: WKBN underperformed the Swiss Market which returned 11.8% over the past year.


Share holder returns

WKBNIndustryMarket
7 Day0%1.0%1.7%
30 Day1.3%0.6%-0.3%
90 Day-0.9%-0.4%2.8%
1 Year11.4%8.5%4.4%0.9%17.8%11.8%
3 Year65.4%51.4%23.7%11.5%34.1%20.7%
5 Yearn/a49.1%24.7%43.5%21.0%

Price Volatility Vs. Market

How volatile is Walliser Kantonalbank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Walliser Kantonalbank undervalued based on future cash flows and its price relative to the stock market?

17.73x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: WKBN (CHF114) is trading above our estimate of fair value (CHF19.38)

Significantly Undervalued: WKBN is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: WKBN is poor value based on its PE Ratio (17.6x) compared to the Banks industry average (15.6x).

PE vs Market: WKBN is good value based on its PE Ratio (17.6x) compared to the Swiss market (18.7x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: WKBN is overvalued based on its PB Ratio (1.3x) compared to the CH Banks industry average (0.9x).


Next Steps

Future Growth

How is Walliser Kantonalbank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: WKBN's earnings are forecast to decline over the next 3 years (-1.8% per year).

Earnings vs Market: WKBN's earnings are forecast to decline over the next 3 years (-1.8% per year).

High Growth Earnings: WKBN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if WKBN's revenue is forecast to grow faster than the Swiss market.

High Growth Revenue: Insufficient data to determine if WKBN's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if WKBN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Walliser Kantonalbank performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WKBN's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: WKBN's earnings growth over the past year (2.5%) is below its 5-year average (12.9% per year).

Earnings vs Industry: WKBN earnings growth over the past year (2.5%) exceeded the Banks industry 2.4%.


Return on Equity

High ROE: WKBN's Return on Equity (5%) is considered low.


Return on Assets

ROA vs Industry: WKBN has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate WKBN's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Walliser Kantonalbank'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: WKBN has a low level of unsold assets or inventory.

Debt Coverage by Assets: WKBN's debt is not covered by short term assets (assets are 0.7x debt).


Financial Institutions Analysis

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

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

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

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

Low Risk Deposits: WKBN's loans are broadly funded by customer deposits.

Level of Bad Loans: WKBN has a high level of bad loans (2.67%)


Next Steps

Dividend

What is Walliser Kantonalbank's current dividend yield, its reliability and sustainability?

2.91%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.9%markettop25%3.7%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: WKBN's dividend (2.94%) is higher than the bottom 25% of dividend payers in the Swiss market (1.93%).

High Dividend: WKBN's dividend (2.94%) is low compared to the top 25% of dividend payers in the Swiss market (3.69%).

Stable Dividend: Whilst dividend payments have been stable, WKBN has been paying a dividend for less than 10 years.

Growing Dividend: WKBN's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.6%), WKBN's dividend payments are 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

Management

What is the CEO of Walliser Kantonalbank's salary, the management and board of directors tenure and is there insider trading?

5.4yrs

Average board tenure


CEO

Pascal Perruchoud (61yo)

7.8yrs

Tenure

CHF1,043,000

Compensation

Mr. Pascal Perruchoud serves as Chairman of Senior Management at Banque Cantonale du Valais and served as its Chairman of The General Management since May 23, 2012. Mr. Perruchoud served as Head of Valoris ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Pascal's total compensation is reasonable compared to companies of similar size in the Swiss market.

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


Board Age and Tenure

5.4yrs

Average Tenure

57yo

Average Age

Experienced Board: WKBN's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Pascal Perruchoud (61yo)

    Chairman of Senior Management

    • Tenure: 7.8yrs
    • Compensation: CHF1.04m
  • Eliane Gaspoz

    Head of Human Resources Department & Deputy Director

    • Tenure: 0yrs
  • Jean-Yves Pannatier

    Director of the Retail

    • Tenure: 0yrs
  • Claude-Alain Karlen

    Head of Risk Management & Deputy Director

    • Tenure: 0yrs
  • Grégoire Luyet

    Head of Finance & Credit Projects and Vice Director

    • Tenure: 0yrs
  • Philippe Métrailler

    Deputy Director & Head of Services

    • Tenure: 0yrs
  • Daniel Rossi (65yo)

    Director General of the Services Division

    • Tenure: 0yrs
  • Gabriel Décaillet (57yo)

    Secretary & Director

    • Tenure: 6.8yrs
    • Compensation: CHF105.00k
  • Raphaël Balet

    Head of Department Legal Affairs & Compliance and Deputy Director

    • Tenure: 0yrs
  • Christian Donzé (56yo)

    General Director and Head of Finance & Loan

    • Tenure: 0yrs

Board Members

  • Chantal Emery (67yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: CHF94.00k
  • Fernand Mariétan (67yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: CHF93.00k
  • Stephan Imboden (63yo)

    Vice Chairman of the Board

    • Tenure: 2.5yrs
    • Compensation: CHF131.00k
  • Ivan Rouvinet (69yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: CHF93.00k
  • Gabriel Décaillet (57yo)

    Secretary & Director

    • Tenure: 6.8yrs
    • Compensation: CHF105.00k
  • Pascal Indermitte (45yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: CHF95.00k
  • Jean-Albert Ferrez (48yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: CHF87.00k
  • Pierre-Alain Grichting (52yo)

    Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: CHF182.00k
  • Sandra Lathion (43yo)

    Director

    • Tenure: 1.1yrs
    • Compensation: CHF30.00k

Company Information

Walliser Kantonalbank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Walliser Kantonalbank
  • Ticker: WKBN
  • Exchange: SWX
  • Founded: 1917
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: CHF1.809b
  • Shares outstanding: 15.73m
  • Website: https://www.bcvs.ch

Number of Employees


Location

  • Walliser Kantonalbank
  • Place des Cèdres 8
  • Sion
  • Valais
  • 1951
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WKBNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJan 2016
0RE6LSE (London Stock Exchange)YesRegistered SharesGBCHFJan 2016

Biography

Walliser Kantonalbank provides various banking products and services in Switzerland. It offers Euro and savings plus accounts; investment products; wealth management services; and e-trade, and e-banking an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 21:32
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.

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