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BV Holding

BRSE:BVHN
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BVHN
BRSE
CHF93M
Market Cap
  1. Home
  2. CH
  3. Diversified Financials
Company description

BV Holding AG is a private equity firm specializing in management buyouts and buyins; succession financing; change in shareholder structure; growth, expansion, and acquisition; innovation; growth financing including early and late stage investments; and restructuring. The last earnings update was 106 days ago. More info.


Add to Portfolio Compare Print
  • BV Holding is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
BVHN Share Price and Events
7 Day Returns
0%
BRSE:BVHN
0.3%
CH Capital Markets
2.1%
CH Market
1 Year Returns
9.9%
BRSE:BVHN
-26.4%
CH Capital Markets
1.3%
CH Market
BVHN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BV Holding (BVHN) 0% -1.1% 4.7% 9.9% 28.1% 32.8%
CH Capital Markets 0.3% -10.1% -0.8% -26.4% -12.4% -37.4%
CH Market 2.1% 0.1% 1.5% 1.3% 12.3% 9.3%
1 Year Return vs Industry and Market
  • BVHN outperformed the Capital Markets industry which returned -26.4% over the past year.
  • BVHN outperformed the Market in Switzerland which returned 1.3% over the past year.
Price Volatility
BVHN
Industry
5yr Volatility vs Market

BVHN Value

 Is BV Holding 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 BV Holding 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 BV Holding.

BRSE:BVHN 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
= CHF8.43 * 15.2%
CHF1.28
Book Value of Equity per Share Median Book Value from the past 5 years. CHF8.43
Discount Rate (Cost of Equity) See below 8.1%
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 BRSE:BVHN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.701 (1 + (1- 18%) (2.26%))
0.808
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (0.808 * 5.96%)
8.09%

Discounted Cash Flow Calculation for BRSE:BVHN using Excess Returns Model Model

The calculations below outline how an intrinsic value for BV Holding 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.

BRSE:BVHN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.2% – 8.09%) * CHF8.43)
CHF0.60
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF0.60 / (8.09% - 3.28%)
CHF12.44
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF8.43 + CHF12.44
CHF20.87
BRSE:BVHN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF20.87
Current discount Discount to share price of CHF8.90
= -1 x (CHF8.90 - CHF20.87) / CHF20.87
57.4%

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

Current Discount
Amount off the current price BV Holding is available for.
Intrinsic value
>50%
Share price is CHF8.9 vs Future cash flow value of CHF20.87
Current Discount Checks
For BV Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BV Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BV Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 BV Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BV Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BRSE:BVHN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF0.56
BRSE:BVHN Share Price ** BRSE (2019-05-22) in CHF CHF8.9
Switzerland Capital Markets Industry PE Ratio Median Figure of 13 Publicly-Listed Capital Markets Companies 14.1x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 17.87x

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

** Primary Listing of BV Holding.

BRSE:BVHN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BRSE:BVHN Share Price ÷ EPS (both in CHF)

= 8.9 ÷ 0.56

15.91x

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

  • BV Holding is overvalued based on earnings compared to the CH Capital Markets industry average.
  • BV Holding is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does BV Holding's expected growth come at a high price?
Raw Data
BRSE:BVHN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Switzerland Capital Markets Industry PEG Ratio Median Figure of 9 Publicly-Listed Capital Markets Companies 1.31x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.24x

*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 BV Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BV Holding's assets?
Raw Data
BRSE:BVHN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF8.97
BRSE:BVHN Share Price * BRSE (2019-05-22) in CHF CHF8.9
Switzerland Capital Markets Industry PB Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 0.99x
Switzerland Market PB Ratio Median Figure of 212 Publicly-Listed Companies 1.62x
BRSE:BVHN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BRSE:BVHN Share Price ÷ Book Value per Share (both in CHF)

= 8.9 ÷ 8.97

0.99x

* Primary Listing of BV Holding.

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

  • BV Holding is overvalued based on assets compared to the CH Capital Markets industry average.
X
Value checks
We assess BV Holding'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. BV Holding 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.

BVHN Future Performance

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

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 BV Holding 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12.7%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BV Holding expected to grow at an attractive rate?
  • Unable to compare BV Holding's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare BV Holding's earnings growth to the Switzerland market average as no estimate data is available.
  • Unable to compare BV Holding's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BRSE:BVHN Future Growth Rates Data Sources
Data Point Source Value (per year)
Switzerland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Switzerland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*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
BRSE:BVHN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
BRSE:BVHN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 7 2 6
2018-09-30 11 2 8
2018-06-30 14 2 9
2018-03-31 17 2 12
2017-12-31 20 1 15
2017-09-30 17 1 13
2017-06-30 15 1 10
2017-03-31 19 1 13
2016-12-31 24 1 16
2016-09-30 23 1 15
2016-06-30 21 1 14
2016-03-31 22 1 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if BV Holding is high growth as no earnings estimate data is available.
  • Unable to determine if BV Holding 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
BRSE:BVHN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from BV Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BRSE:BVHN Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 0.56
2018-09-30 0.73
2018-06-30 0.91
2018-03-31 1.20
2017-12-31 1.48
2017-09-30 1.25
2017-06-30 1.01
2017-03-31 1.29
2016-12-31 1.56
2016-09-30 1.46
2016-06-30 1.36
2016-03-31 1.57

*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 BV Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether BV Holding is trading at BV Holding'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. BV Holding's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. BV Holding's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess BV Holding'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.
BV Holding has a total score of 0/6, 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.

BVHN Past Performance

  How has BV Holding 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 BV Holding's growth in the last year to its industry (Capital Markets).
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.
  • BV Holding's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • BV Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BV Holding's 1-year earnings growth is negative, it can't be compared to the CH Capital Markets industry average.
Earnings and Revenue History
BV Holding'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 BV Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BRSE:BVHN 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 6.83 5.76 0.75
2018-09-30 10.54 7.56 0.79
2018-06-30 14.24 9.35 0.83
2018-03-31 17.09 12.28 0.84
2017-12-31 19.95 15.20 0.86
2017-09-30 17.38 12.78 0.94
2017-06-30 14.81 10.35 1.02
2017-03-31 19.31 13.16 1.12
2016-12-31 23.80 15.97 1.23
2016-09-30 22.58 14.96 1.07
2016-06-30 21.35 13.95 0.90
2016-03-31 22.25 16.20 1.14
2015-12-31 23.16 18.45 1.38
2015-09-30 22.23 18.93 1.46
2015-06-30 21.31 19.41 1.55
2015-03-31 13.48 11.94 1.19
2014-12-31 5.66 4.48 0.84
2014-09-30 5.62 4.67 0.81
2014-06-30 5.58 4.87 0.79
2014-03-31 4.34 3.56 0.77
2013-12-31 3.10 2.24 0.75
2013-09-30 3.51 2.64 0.75
2013-06-30 3.91 3.03 0.76
2013-03-31 4.11 3.28 0.76
2012-12-31 4.31 3.52 0.77
2012-09-30 5.06 4.57 0.77
2012-06-30 5.81 5.61 0.77

*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.
  • BV Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BV Holding used its assets more efficiently than the CH Capital Markets industry average last year based on Return on Assets.
  • BV Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BV Holding'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 Capital Markets 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.
BV Holding has a total score of 2/6, 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.

BVHN Health

 How is BV Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BV Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BV Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • BV Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BV Holding'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
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 BV Holding Company Filings, last reported 4 months ago.

BRSE:BVHN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 93.89 2.10 0.41
2018-09-30 93.89 2.10 0.41
2018-06-30 89.52 3.70 1.87
2018-03-31 89.52 3.70 1.87
2017-12-31 86.57 0.00 10.55
2017-09-30 86.57 0.00 10.55
2017-06-30 79.97 0.00 12.33
2017-03-31 79.97 0.00 12.33
2016-12-31 71.17 0.00 10.87
2016-09-30 71.17 0.00 10.87
2016-06-30 88.90 0.00 4.92
2016-03-31 88.90 0.00 4.92
2015-12-31 76.50 0.00 7.65
2015-09-30 76.50 0.00 7.65
2015-06-30 78.30 0.00 10.39
2015-03-31 78.30 0.00 10.39
2014-12-31 86.81 1.00 0.90
2014-09-30 86.81 1.00 0.90
2014-06-30 86.13 0.00 3.43
2014-03-31 86.13 0.00 3.43
2013-12-31 83.39 0.00 4.58
2013-09-30 83.39 0.00 4.58
2013-06-30 72.17 0.00 4.53
2013-03-31 72.17 0.00 4.53
2012-12-31 72.77 0.00 5.53
2012-09-30 72.77 0.00 5.53
2012-06-30 70.16 0.00 4.46
  • BV Holding's level of debt (2.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 2.2% today).
  • Debt is well covered by operating cash flow (108.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 407.5x coverage).
X
Financial health checks
We assess BV Holding'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. BV Holding has a total score of 4/6, 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.

BVHN Dividends

 What is BV Holding'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
0%
Current annual income from BV Holding dividends.
If you bought CHF2,000 of BV Holding shares you are expected to receive CHF0 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?
  • Unable to evaluate BV Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate BV Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
BRSE:BVHN 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.3%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 166 Stocks 3.1%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2%
Switzerland Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

BRSE:BVHN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2018-07-19 0.000 0.000
2018-02-05 0.000 0.000
2017-02-10 1.900 24.847
2016-02-09 0.200 2.468
2015-02-10 1.300 18.026
2014-02-03 0.100 1.523
2013-07-29 0.200 3.227
2013-02-01 0.200 3.241
2012-07-10 0.250 4.301
2011-08-29 0.100 1.725
2011-03-02 0.100 1.679
2010-03-01 0.100 1.525

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

  • Unable to perform a dividend volatility check as BV Holding has not reported any payouts.
  • Unable to verify if BV Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of BV Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as BV Holding has not reported any payouts.
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 BV Holding'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 BV Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BV Holding has a total score of 0/6, see the detailed checks below.


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

BVHN Management

 What is the CEO of BV Holding'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
Patrick Schär
COMPENSATION CHF297,494
TENURE AS CEO 8.7 years
CEO Bio

Mr. Patrik Sidler is Managing Partner and Chief Financial Officer at M2 Capital Management AG. Until July 2002, he was the Chief Financial Officer at Gnothis. Mr. Sidler has a long track record as a tax and financial advisor, mainly for corporate clients. He previously worked during five years as a Tax Director with Ernst & Young, responsible for Central Switzerland. Prior to that, Mr. Sidler held various positions both in public administration and in industry, related to corporate tax and finance, and worked during three years at Sulzer Management AG. Mr. Sidler is a Lecturer at the Fachhochschule bei Basel and the Schweizerische Akademie für Wirtschaftsprüfung. He is Member of the commission for finances, taxes and expenses of the Chamber of Commerce of Basel, Switzerland. He was a Director of M2 Capital Management AG and Covalys Biosciences AG. Mr. Sidler is a certified Tax Consultant for Switzerland. Mr. Sidler has over 25 years' experience as Advisor and served in operative functions in the domains of finance, taxation, and mergers and acquisitions projects.

CEO Compensation
  • Patrick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Patrick's remuneration is lower than average for companies of similar size in Switzerland.
Management Team

Patrick Schär

TITLE
CEO, CFO & Member of Management Board
COMPENSATION
CHF297K
TENURE
8.7 yrs
Board of Directors Tenure

Average tenure and age of the BV Holding board of directors in years:

14.8
Average Tenure
71.5
Average Age
  • The average tenure for the BV Holding board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ernst Balmer

TITLE
Chairman
COMPENSATION
CHF90K
AGE
70
TENURE
11.3 yrs

Willy Michel

TITLE
Vice Chairman
COMPENSATION
CHF55K
AGE
71
TENURE
18.3 yrs

Rubino Mordasini

TITLE
Director
COMPENSATION
CHF61K
AGE
72
TENURE
17.3 yrs

Thomas Plattner

TITLE
Director
COMPENSATION
CHF61K
AGE
76
TENURE
12.3 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 BV Holding'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. BV Holding 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.

BVHN News

Simply Wall St News

Should You Be Concerned About BV Holding AG's (BRN:BVHN) Investors?

In this analysis, my focus will be on developing a perspective on BV Holding AG’s (BRN:BVHN) latest ownership structure, a less discussed, but important factor. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Check out our latest analysis for BV Holding

Simply Wall St -

What Makes BV Holding AG (BRSE:BVHN) An Attractive Investment?

BV Holding AG (BRSE:BVHN) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … For those interested in digger a bit deeper into my commentary,

Simply Wall St -

Should You Be Concerned About BV Holding AG's (BRN:BVHN) Shareholders?

In this article, I'm going to take a look at BV Holding AG’s (BRSE:BVHN) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Potential investors in BVHN should also look at another important group of investors: private companies, with a stake of 7.30%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

Where BV Holding AG's (BRN:BVHN) Earnings Growth Stands Against Its Industry

For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. … Check out our latest analysis for BV Holding Despite a decline, did BVHN underperform the long-term trend and the industry? … Well, let’s take a look at whether it is solely a result of an industry uplift, or if BV Holding has seen some company-specific growth.

Simply Wall St -

Should You Be Tempted To Buy BV Holding AG (BRN:BVHN) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BVHN Price per share = CHF8.01 Earnings per share = CHF1.481 ∴ Price-Earnings Ratio = CHF8.01 ÷ CHF1.481 = 5.4x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared higher growth firms with BVHN, then BVHN’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with BVHN, BVHN’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

BVHN Company Info

Description

BV Holding AG is a private equity firm specializing in management buyouts and buyins; succession financing; change in shareholder structure; growth, expansion, and acquisition; innovation; growth financing including early and late stage investments; and restructuring. Within growth financing the firm seeks to invest in media technology, life science, Information Technology, telecommunication technology, industry material and process technology. It seeks to invest in companies based in Switzerland. The firm typically invests between CHF 3 million ($3.2 million) and CHF 20 million ($21.3 million) in companies having revenues between CHF 10 million ($10.65 million) and CHF 150 million ($159.78 million). It seeks to be a lead and co-investor in management buyouts and buy-ins and considers both majority and minority investments. The firm makes investments from its balance sheet. It also prefers to have a representation on the board of directors of the portfolio companies. The firm exits its late and early stage investments between three and seven years. BV Holding AG was founded in 1997 and is based in Gümligen, Switzerland.

Details
Name: BV Holding AG
BVHN
Exchange: BRSE
Founded: 1997
CHF93,102,784
10,460,987
Website: http://www.bvgroup.ch/en/
Address: BV Holding AG
Vordere Dorfgasse 12,
Gümligen,
Bern, 3073,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BRSE BVHN Registered Shares Berne Stock Exchange CH CHF 10. Apr 2007
Number of employees
Current staff
Staff numbers
3
BV Holding employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 20:38
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2019/02/05
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.