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CSGN

Credit Suisse GroupSWX:CSGN Stock Report

Market Cap

CHF23.2b

7D

-1.7%

1Y

-2.5%

Updated

24 Oct, 2021

Data

Company Financials +
CSGN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health3/6
Dividends2/6

CSGN Overview

Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific.

Credit Suisse Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Credit Suisse Group
Historical stock prices
Current Share PriceCHF9.63
52 Week HighCHF8.50
52 Week LowCHF13.50
Beta1.58
1 Month Change4.74%
3 Month Change2.19%
1 Year Change-2.51%
3 Year Change-22.87%
5 Year Change-31.26%
Change since IPO-41.99%

Recent News & Updates

Jul 26
Market Cool On Credit Suisse Group AG's (VTX:CSGN) Earnings

Market Cool On Credit Suisse Group AG's (VTX:CSGN) Earnings

Credit Suisse Group AG's ( VTX:CSGN ) price-to-earnings (or "P/E") ratio of 21x might make it look like a buy right now...

Shareholder Returns

CSGNCH Capital MarketsCH Market
7D-1.7%1.3%0.6%
1Y-2.5%41.7%21.7%

Return vs Industry: CSGN underperformed the Swiss Capital Markets industry which returned 41.7% over the past year.

Return vs Market: CSGN underperformed the Swiss Market which returned 21.7% over the past year.

Price Volatility

Is CSGN's price volatile compared to industry and market?
CSGN volatility
CSGN Beta1.58
Industry Beta1.26
Market Beta1

Stable Share Price: CSGN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CSGN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
185649,240Thomas Gottsteinhttps://www.credit-suisse.com

Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions. It also provides traditional and structured lending, payment, foreign exchange, capital goods leasing, merger and acquisition, syndication, structured finance, commodity trade finance, trade finance, structured trade finance, export finance, factoring, fund management and administration, fund design, custody, ship and aviation finance, securities, cash, and treasury services.

Credit Suisse Group Fundamentals Summary

How do Credit Suisse Group's earnings and revenue compare to its market cap?
CSGN fundamental statistics
Market CapCHF23.22b
Earnings (TTM)CHF194.00m
Revenue (TTM)CHF18.20b

119.7x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSGN income statement (TTM)
RevenueCHF18.20b
Cost of RevenueCHF1.25b
Gross ProfitCHF16.94b
ExpensesCHF16.75b
EarningsCHF194.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)0.08
Gross Margin93.12%
Net Profit Margin1.07%
Debt/Equity Ratio515.4%

How did CSGN perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

369%

Payout Ratio

Valuation

Is Credit Suisse Group undervalued compared to its fair value and its price relative to the market?

33.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CSGN (CHF9.63) is trading below our estimate of fair value (CHF14.56)

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


Price To Earnings Ratio

PE vs Industry: CSGN is poor value based on its PE Ratio (119.7x) compared to the Swiss Capital Markets industry average (14.5x).

PE vs Market: CSGN is poor value based on its PE Ratio (119.7x) compared to the Swiss market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: CSGN is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: CSGN is good value based on its PB Ratio (0.5x) compared to the CH Capital Markets industry average (1x).


Future Growth

How is Credit Suisse Group forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

46.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSGN's forecast earnings growth (46.4% per year) is above the savings rate (-0.3%).

Earnings vs Market: CSGN's earnings (46.4% per year) are forecast to grow faster than the Swiss market (9.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CSGN's revenue (1.6% per year) is forecast to grow slower than the Swiss market (5.2% per year).

High Growth Revenue: CSGN's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CSGN's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has Credit Suisse Group performed over the past 5 years?

64.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSGN has a large one-off loss of CHF1.3B impacting its June 30 2021 financial results.

Growing Profit Margin: CSGN's current net profit margins (1.1%) are lower than last year (19.4%).


Past Earnings Growth Analysis

Earnings Trend: CSGN has become profitable over the past 5 years, growing earnings by 64.9% per year.

Accelerating Growth: CSGN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CSGN had negative earnings growth (-95.4%) over the past year, making it difficult to compare to the Capital Markets industry average (35%).


Return on Equity

High ROE: CSGN's Return on Equity (0.5%) is considered low.


Financial Health

How is Credit Suisse Group's financial position?


Financial Position Analysis

Short Term Liabilities: CSGN's short term assets (CHF767.9B) exceed its short term liabilities (CHF147.6B).

Long Term Liabilities: CSGN's short term assets (CHF767.9B) exceed its long term liabilities (CHF605.4B).


Debt to Equity History and Analysis

Debt Level: CSGN's debt to equity ratio (515.4%) is considered high.

Reducing Debt: CSGN's debt to equity ratio has reduced from 598.3% to 515.4% over the past 5 years.

Debt Coverage: CSGN's debt is not well covered by operating cash flow (7.4%).

Interest Coverage: Insufficient data to determine if CSGN's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Credit Suisse Group current dividend yield, its reliability and sustainability?

3.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CSGN's dividend (3.04%) is higher than the bottom 25% of dividend payers in the Swiss market (1.37%).

High Dividend: CSGN's dividend (3.04%) is low compared to the top 25% of dividend payers in the Swiss market (3.66%).


Stability and Growth of Payments

Stable Dividend: CSGN's dividend payments have been volatile in the past 10 years.

Growing Dividend: CSGN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (369.1%), CSGN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CSGN's dividends in 3 years are forecast to be well covered by earnings (34.9% payout ratio).


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Thomas Gottstein (57 yo)

1.67yrs

Tenure

CHF8,530,000

Compensation

Dr. Thomas P. Gottstein serves as Director at Credit Suisse (Schweiz) AG since April 30, 2020. Dr. Gottstein serves as Chief Executive Officer of Credit Suisse Group AG and Credit Suisse AG since February...


CEO Compensation Analysis

Compensation vs Market: Thomas's total compensation ($USD9.30M) is above average for companies of similar size in the Swiss market ($USD5.46M).

Compensation vs Earnings: Insufficient data to compare Thomas's compensation with company performance.


Leadership Team

Experienced Management: CSGN's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: CSGN's board of directors are considered experienced (4.1 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 been diluted in the past year, with total shares outstanding growing by 3.3%.


Top Shareholders

Company Information

Credit Suisse Group AG's employee growth, exchange listings and data sources


Key Information

  • Name: Credit Suisse Group AG
  • Ticker: CSGN
  • Exchange: SWX
  • Founded: 1856
  • Industry: Diversified Capital Markets
  • Sector: Diversified Financials
  • Market Cap: CHF23.221b
  • Shares outstanding: 2.41b
  • Website: https://www.credit-suisse.com

Number of Employees


Location

  • Credit Suisse Group AG
  • Paradeplatz 8
  • Zurich
  • Zurich
  • 8001
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 17:02
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.