Cembra Money Bank
Market Cap
CHF2.9b
Last Updated
2020/08/02 20:56 UTC
Data Sources
Company Financials +
Executive Summary
Cembra Money Bank AG provides consumer finance products and services in Switzerland.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Cembra Money Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CMBN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.3%
CMBN
0.6%
CH Consumer Finance
-1.9%
CH Market
1 Year Return
4.5%
CMBN
-30.9%
CH Consumer Finance
1.0%
CH Market
Return vs Industry: CMBN exceeded the Swiss Consumer Finance industry which returned -30.9% over the past year.
Return vs Market: CMBN exceeded the Swiss Market which returned 1% over the past year.
Shareholder returns
| CMBN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 0.6% | -1.9% |
| 30 Day | 7.6% | 6.4% | -1.0% |
| 90 Day | 12.6% | 10.7% | 6.0% |
| 1 Year | 8.9%4.5% | -29.5%-30.9% | 4.5%1.0% |
| 3 Year | 28.1%13.6% | -47.4%-55.6% | 16.0%3.9% |
| 5 Year | 114.4%71.7% | -47.1%-60.9% | 24.9%5.2% |
Price Volatility Vs. Market
How volatile is Cembra Money Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Cembra Money Bank AG (VTX:CMBN) A Smart Pick For Income Investors?4 weeks ago | Simply Wall St
Cembra Money Bank (VTX:CMBN) Has Gifted Shareholders With A Fantastic 103% Total Return On Their Investment1 month ago | Simply Wall St
How Should Investors Feel About Cembra Money Bank AG's (VTX:CMBN) CEO Pay?Valuation
Is Cembra Money Bank undervalued compared to its fair value and its price relative to the market?
18.93x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CMBN (CHF99.7) is trading above our estimate of fair value (CHF83.37)
Significantly Below Fair Value: CMBN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CMBN is poor value based on its PE Ratio (18.9x) compared to the XE Consumer Finance industry average (6.7x).
PE vs Market: CMBN is good value based on its PE Ratio (18.9x) compared to the Swiss market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: CMBN is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: CMBN is overvalued based on its PB Ratio (2.8x) compared to the XE Consumer Finance industry average (1x).
Next Steps
Future Growth
How is Cembra Money Bank forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
11.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMBN's forecast earnings growth (11% per year) is above the savings rate (-0.2%).
Earnings vs Market: CMBN's earnings (11% per year) are forecast to grow faster than the Swiss market (9% per year).
High Growth Earnings: CMBN's earnings are forecast to grow, but not significantly.
Revenue vs Market: CMBN's revenue (5.5% per year) is forecast to grow faster than the Swiss market (3.7% per year).
High Growth Revenue: CMBN's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CMBN's Return on Equity is forecast to be low in 3 years time (15.3%).
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Past Performance
How has Cembra Money Bank performed over the past 5 years?
2.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMBN has a high level of non-cash earnings.
Growing Profit Margin: CMBN's current net profit margins (34.4%) are lower than last year (38.4%).
Past Earnings Growth Analysis
Earnings Trend: CMBN's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: CMBN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CMBN had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the Consumer Finance industry average (3.1%).
Return on Equity
High ROE: CMBN's Return on Equity (14.7%) is considered low.
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Financial Health
How is Cembra Money Bank'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
Financial Institutions Analysis
Asset Level: CMBN's Assets to Equity ratio (6.9x) is low.
Allowance for Bad Loans: CMBN has a sufficient allowance for bad loans (197%).
Low Risk Liabilities: 55% of CMBN's liabilities are made up of primarily low risk sources of funding.
Loan Level: CMBN has an appropriate level of Loans to Assets ratio (88%).
Low Risk Deposits: CMBN's Loans to Deposits ratio (187%) is high.
Level of Bad Loans: CMBN has an appropriate level of bad loans (0.6%).
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Dividend
What is Cembra Money Bank current dividend yield, its reliability and sustainability?
3.76%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMBN's dividend (3.76%) is higher than the bottom 25% of dividend payers in the Swiss market (1.82%).
High Dividend: CMBN's dividend (3.76%) is low compared to the top 25% of dividend payers in the Swiss market (3.89%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CMBN has been paying a dividend for less than 10 years.
Growing Dividend: CMBN's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.2%), CMBN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CMBN's dividends in 3 years are forecast to be covered by earnings (65.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Robert Oudmayer (58 yo)
11.25yrs
Tenure
CHF1,776,444
Compensation
Mr. Robert Oudmayer has been the Chief Executive Officer and Member of The Management Board at Cembra Money Bank AG (formerly GE Money Bank AG) since 2009. Mr. Oudmayer served as the Chief Executive Office ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD1.95M) is about average for companies of similar size in the Swiss market ($USD1.94M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of Management Board | 11.25yrs | CHF1.78m | 0.037% CHF 1.1m | |
| CFO & Member of Management Board | 1.83yrs | no data | no data | |
| MD of B2C & Member of the Management Board | 23.58yrs | no data | 0.015% CHF 433.1k | |
| General Counsel | 5.92yrs | no data | 0.0074% CHF 215.5k | |
| Chief Risk Officer & Member of Management Board | 7.58yrs | no data | 0.014% CHF 410.0k | |
| COO & Member of Management Board | 2yrs | no data | no data | |
| MD of B2B & Member of Management Board | 1.67yrs | no data | no data | |
| Senior Legal Counsel & Corporate Secretary | no data | no data | no data |
5.9yrs
Average Tenure
53yo
Average Age
Experienced Management: CMBN's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | 7yrs | CHF475.66k | 0.025% CHF 722.7k | |
| Director | 0.33yr | no data | no data | |
| Independent Director | 5.33yrs | CHF144.57k | no data | |
| Independent Vice Chairman of the Board | 0.58yr | CHF175.17k | no data | |
| Independent Director | 6.25yrs | CHF160.63k | 0.025% CHF 717.7k | |
| Independent Director | 6.92yrs | CHF142.42k | no data | |
| Independent Director | 4.33yrs | CHF137.03k | no data |
5.3yrs
Average Tenure
64yo
Average Age
Experienced Board: CMBN's board of directors are considered experienced (5.3 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
Cembra Money Bank AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cembra Money Bank AG
- Ticker: CMBN
- Exchange: SWX
- Founded: 1912
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: CHF2.928b
- Shares outstanding: 29.37m
- Website: https://www.cembra.ch
Number of Employees
Location
- Cembra Money Bank AG
- Bändliweg 20
- Zurich
- Zurich
- 8048
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CMBN | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Oct 2013 |
| GEH | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 2013 |
| 0QPJ | LSE (London Stock Exchange) | Yes | Common Shares | GB | CHF | Oct 2013 |
Biography
Cembra Money Bank AG provides consumer finance products and services in Switzerland. The company offers savings products, including medium-term notes and deposit accounts; loans comprising cash loans, cons ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/02 20:56 |
| End of Day Share Price | 2020/07/31 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.