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BAER

Julius Bär Gruppe SWX:BAER Stock Report

Last Price

CHF47.35

Market Cap

CHF9.9b

7D

-3.3%

1Y

-21.8%

Updated

24 May, 2022

Data

Company Financials +
BAER fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends6/6

BAER Stock Overview

Julius Bär Gruppe AG provides wealth management solutions in Switzerland, Europe, Americas, Asia, and internationally.

Julius Bär Gruppe Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Julius Bär Gruppe
Historical stock prices
Current Share PriceCHF47.35
52 Week HighCHF67.50
52 Week LowCHF43.14
Beta1.62
1 Month Change0.063%
3 Month Change-14.69%
1 Year Change-21.84%
3 Year Change16.17%
5 Year Change-6.33%
Change since IPO23.63%

Recent News & Updates

May 19
Should You Be Adding Julius Bär Gruppe (VTX:BAER) To Your Watchlist Today?

Should You Be Adding Julius Bär Gruppe (VTX:BAER) To Your Watchlist Today?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Apr 14
Julius Bär Gruppe (VTX:BAER) Is Paying Out A Larger Dividend Than Last Year

Julius Bär Gruppe (VTX:BAER) Is Paying Out A Larger Dividend Than Last Year

The board of Julius Bär Gruppe AG ( VTX:BAER ) has announced that it will be increasing its dividend on the 20th of...

Shareholder Returns

BAERCH Capital MarketsCH Market
7D-3.3%-0.06%-2.5%
1Y-21.8%-6.5%-2.1%

Return vs Industry: BAER underperformed the Swiss Capital Markets industry which returned -5.9% over the past year.

Return vs Market: BAER underperformed the Swiss Market which returned -1.9% over the past year.

Price Volatility

Is BAER's price volatile compared to industry and market?
BAER volatility
BAER Average Weekly Movement6.0%
Capital Markets Industry Average Movement5.5%
Market Average Movement4.9%
10% most volatile stocks in CH Market8.5%
10% least volatile stocks in CH Market2.5%

Stable Share Price: BAER is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BAER's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18906,727Philipp Rickenbacherhttps://www.juliusbaer.com

Julius Bär Gruppe AG provides wealth management solutions in Switzerland, Europe, Americas, Asia, and internationally. Its solutions include discretionary mandates, investment advisory mandates, securities execution and advisory, foreign exchange and precious metals, family office services, Lombard lending, structured products, global custody, real estate advisory and financing, and wealth planning. It also operates an open product and service platform.

Julius Bär Gruppe Fundamentals Summary

How do Julius Bär Gruppe's earnings and revenue compare to its market cap?
BAER fundamental statistics
Market CapCHF9.91b
Earnings (TTM)CHF1.08b
Revenue (TTM)CHF3.86b

9.2x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BAER income statement (TTM)
RevenueCHF3.86b
Cost of RevenueCHF0
Gross ProfitCHF3.86b
Other ExpensesCHF2.78b
EarningsCHF1.08b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jul 25, 2022

Earnings per share (EPS)5.17
Gross Margin100.00%
Net Profit Margin28.05%
Debt/Equity Ratio353.9%

How did BAER perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

51%

Payout Ratio

Valuation

Is Julius Bär Gruppe undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


30.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BAER (CHF47.35) is trading below our estimate of fair value (CHF68.47)

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


Price To Earnings Ratio

PE vs Industry: BAER is good value based on its Price-To-Earnings Ratio (9.2x) compared to the Swiss Capital Markets industry average (10x).

PE vs Market: BAER is good value based on its Price-To-Earnings Ratio (9.2x) compared to the Swiss market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: BAER is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: BAER is overvalued based on its Price-To-Book Ratio (1.5x) compared to the CH Capital Markets industry average (1x).


Future Growth

How is Julius Bär Gruppe forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAER's forecast earnings growth (4.1% per year) is above the savings rate (-0.3%).

Earnings vs Market: BAER's earnings (4.1% per year) are forecast to grow slower than the Swiss market (5.9% per year).

High Growth Earnings: BAER's earnings are forecast to grow, but not significantly.

Revenue vs Market: BAER's revenue (3.4% per year) is forecast to grow slower than the Swiss market (4.3% per year).

High Growth Revenue: BAER's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BAER's Return on Equity is forecast to be low in 3 years time (17.3%).


Past Performance

How has Julius Bär Gruppe performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BAER has high quality earnings.

Growing Profit Margin: BAER's current net profit margins (28%) are higher than last year (19.5%).


Past Earnings Growth Analysis

Earnings Trend: BAER's earnings have grown by 5.4% per year over the past 5 years.

Accelerating Growth: BAER's earnings growth over the past year (55%) exceeds its 5-year average (5.4% per year).

Earnings vs Industry: BAER earnings growth over the past year (55%) underperformed the Capital Markets industry 58.5%.


Return on Equity

High ROE: BAER's Return on Equity (16.1%) is considered low.


Financial Health

How is Julius Bär Gruppe's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

5/6

Financial Health Score 5/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BAER's Assets to Equity ratio (17.2x) is moderate.

Allowance for Bad Loans: BAER has a low allowance for bad loans (47%).

Low Risk Liabilities: 76% of BAER's liabilities are made up of primarily low risk sources of funding.

Loan Level: BAER has an appropriate level of Loans to Assets ratio (43%).

Low Risk Deposits: BAER's Loans to Deposits ratio (61%) is appropriate.

Level of Bad Loans: BAER has an appropriate level of bad loans (0.4%).


Dividend

What is Julius Bär Gruppe current dividend yield, its reliability and sustainability?

Dividend Score

6/6

Dividend Score 6/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.49%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BAER's dividend (5.49%) is higher than the bottom 25% of dividend payers in the Swiss market (1.91%).

High Dividend: BAER's dividend (5.49%) is in the top 25% of dividend payers in the Swiss market (3.88%)


Stability and Growth of Payments

Stable Dividend: BAER's dividends per share have been stable in the past 10 years.

Growing Dividend: BAER's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51.4%), BAER's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BAER's dividends in 3 years are forecast to be well covered by earnings (49.6% payout ratio).


Discover strong dividend paying companies

Management

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

4.2yrs

Average management tenure


CEO

Philipp Rickenbacher (50 yo)

2.67yrs

Tenure

CHF5,890,000

Compensation

Mr. Philipp Rickenbacher is Chief Executive Officer and Member of the Executive Board at Bank Julius Baer & Co. Ltd since September 2019. Mr. Rickenbacher serves as Chief Executive Officer and Member of th...


CEO Compensation Analysis

Compensation vs Market: Philipp's total compensation ($USD6.14M) is about average for companies of similar size in the Swiss market ($USD4.89M).

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


Leadership Team

Experienced Management: BAER's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: BAER's board of directors are considered experienced (3.1 years average tenure).


Ownership

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

Julius Bär Gruppe AG's employee growth, exchange listings and data sources


Key Information

  • Name: Julius Bär Gruppe AG
  • Ticker: BAER
  • Exchange: SWX
  • Founded: 1890
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: CHF9.907b
  • Shares outstanding: 209.23m
  • Website: https://www.juliusbaer.com

Number of Employees


Location

  • Julius Bär Gruppe AG
  • Bahnhofstrasse 36
  • Zurich
  • Zurich
  • 8010
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.