We’ve recently updated our valuation analysis.

Credit Suisse Group Valuation

Is CSGN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CSGN?

Other financial metrics that can be useful for relative valuation.

CSGN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does CSGN's PB Ratio compare to its peers?

The above table shows the PB ratio for CSGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average4x
UBSG UBS Group
1.2x0.1%CHF63.0b
BAER Julius Bär Gruppe
2x10.3%CHF12.0b
PGHN Partners Group Holding
11x12.0%CHF22.8b
VONN Vontobel Holding
1.9x6.1%CHF3.7b
CSGN Credit Suisse Group
0.3x79.9%CHF12.6b

Price-To-Book vs Peers: CSGN is good value based on its Price-To-Book Ratio (0.3x) compared to the peer average (4x).


Price to Earnings Ratio vs Industry

How does CSGN's PE Ratio compare vs other companies in the CH Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.5%
n/an/an/a

Price-To-Book vs Industry: CSGN is good value based on its Price-To-Book Ratio (0.3x) compared to the Swiss Capital Markets industry average (1.1x)


Price to Book Ratio vs Fair Ratio

What is CSGN's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CSGN PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate CSGN's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CSGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CSGN (CHF3.17) is trading above our estimate of fair value (CHF1.88)

Significantly Below Fair Value: CSGN is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CSGN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF3.17
CHF3.54
+11.5%
19.5%CHF5.50CHF2.44n/a16
Jan ’24CHF2.76
CHF3.89
+40.9%
20.7%CHF5.50CHF2.44n/a16
Dec ’23CHF2.70
CHF5.09
+88.7%
48.6%CHF13.00CHF2.44n/a13
Nov ’23CHF4.20
CHF5.48
+30.5%
42.4%CHF13.00CHF3.06n/a13
Oct ’23CHF3.98
CHF6.16
+54.9%
33.5%CHF13.00CHF3.06n/a20
Sep ’23CHF4.86
CHF6.13
+26.0%
33.6%CHF13.00CHF3.06n/a20
Aug ’23CHF5.54
CHF6.34
+14.5%
33.0%CHF13.00CHF3.06n/a20
Jul ’23CHF5.42
CHF7.12
+31.2%
27.9%CHF13.00CHF3.06n/a20
Jun ’23CHF6.66
CHF7.64
+14.7%
25.9%CHF13.00CHF3.24n/a18
May ’23CHF6.72
CHF7.94
+18.2%
27.4%CHF13.00CHF3.02n/a19
Apr ’23CHF7.43
CHF9.09
+22.3%
25.5%CHF14.00CHF3.02n/a19
Mar ’23CHF7.30
CHF9.84
+34.8%
20.7%CHF14.00CHF5.94n/a18
Feb ’23CHF8.87
CHF10.43
+17.5%
16.8%CHF14.00CHF6.99n/a19
Jan ’23CHF8.87
CHF10.89
+22.7%
15.8%CHF14.30CHF6.99CHF2.7619
Dec ’22CHF8.99
CHF10.97
+22.0%
15.4%CHF14.30CHF6.99CHF2.7019
Nov ’22CHF10.07
CHF10.93
+8.6%
15.2%CHF14.20CHF6.99CHF4.2019
Oct ’22CHF9.19
CHF11.00
+19.8%
15.8%CHF14.40CHF6.99CHF3.9820
Sep ’22CHF9.74
CHF11.04
+13.4%
16.8%CHF14.50CHF6.99CHF4.8620
Aug ’22CHF9.11
CHF11.18
+22.8%
19.3%CHF17.10CHF6.99CHF5.5420
Jul ’22CHF9.77
CHF11.72
+19.9%
21.2%CHF19.20CHF6.99CHF5.4218
Jun ’22CHF9.93
CHF11.52
+16.0%
21.8%CHF19.20CHF6.99CHF6.6619
May ’22CHF9.55
CHF11.54
+20.8%
21.4%CHF19.20CHF7.07CHF6.7219
Apr ’22CHF10.16
CHF14.03
+38.1%
16.2%CHF20.00CHF9.50CHF7.4319
Mar ’22CHF13.38
CHF14.51
+8.5%
16.4%CHF20.00CHF9.50CHF7.3019
Feb ’22CHF11.80
CHF13.73
+16.4%
20.1%CHF18.40CHF7.15CHF8.8719
Jan ’22CHF11.40
CHF13.13
+15.2%
20.5%CHF17.00CHF7.15CHF8.8719

Analyst Forecast: Target price is less than 20% higher than the current share price.


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