SWX:CSGN

Stock Analysis Report

Executive Summary

Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide.

Snowflake

Fundamentals

Good value average dividend payer.


Similar Companies

Share Price & News

How has Credit Suisse Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CSGN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.9%

CSGN

-1.4%

CH Capital Markets

-0.03%

CH Market


1 Year Return

4.4%

CSGN

-3.4%

CH Capital Markets

13.3%

CH Market

Return vs Industry: CSGN exceeded the Swiss Capital Markets industry which returned -3.4% over the past year.

Return vs Market: CSGN underperformed the Swiss Market which returned 13.3% over the past year.


Shareholder returns

CSGNIndustryMarket
7 Day-0.9%-1.4%-0.03%
30 Day6.3%7.0%3.2%
90 Day15.4%16.2%4.8%
1 Year6.5%4.4%0.5%-3.4%18.7%13.3%
3 Year2.9%-8.5%-3.3%-14.0%40.0%21.9%
5 Year-36.6%-49.4%-15.9%-32.2%34.1%13.0%

Price Volatility Vs. Market

How volatile is Credit Suisse Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

12.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CSGN (CHF12.93) is trading below our estimate of fair value (CHF14.79)

Significantly Below Fair Value: CSGN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CSGN is good value based on its PE Ratio (11.7x) compared to the Capital Markets industry average (15.8x).

PE vs Market: CSGN is good value based on its PE Ratio (11.7x) compared to the Swiss market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: CSGN is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: CSGN is good value based on its PB Ratio (0.7x) compared to the CH Capital Markets industry average (0.9x).


Next Steps

Future Growth

How is Credit Suisse Group forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSGN's forecast earnings growth (11.5% per year) is above the savings rate (3.3%).

Earnings vs Market: CSGN's earnings (11.5% per year) are forecast to grow faster than the Swiss market (9.9% per year).

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

Revenue vs Market: CSGN's revenue (2.9% per year) is forecast to grow slower than the Swiss market (3.5% per year).

High Growth Revenue: CSGN's revenue (2.9% 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%).


Next Steps

Past Performance

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

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: Insufficient data to determine if CSGN has high quality earnings.

Growing Profit Margin: CSGN's current net profit margins (13.5%) are higher than last year (-1.7%).


Past Earnings Growth Analysis

Earnings Trend: CSGN's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: CSGN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CSGN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-5.2%).


Return on Equity

High ROE: CSGN's Return on Equity (6.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Credit Suisse Group'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

Inventory Level: CSGN has a low level of unsold assets or inventory.

Debt Coverage by Assets: CSGN's debt is covered by short term assets (assets are 2x debt).


Financial Institutions Analysis

Asset Level: CSGN's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if CSGN has a sufficient allowance for bad loans.

Low Risk Liabilities: CSGN reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CSGN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CSGN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CSGN has an appropriate level of bad loans.


Next Steps

Dividend

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

2.03%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%1.8%markettop25%3.6%industryaverage3.9%forecastin3Years2.3%

Current dividend yield vs market & industry

Notable Dividend: CSGN's dividend (2.03%) is higher than the bottom 25% of dividend payers in the Swiss market (1.85%).

High Dividend: CSGN's dividend (2.03%) is low compared to the top 25% of dividend payers in the Swiss market (3.6%).


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.7%), CSGN's dividend payments are 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 (20.2% payout ratio).


Next Steps

Management

What is the CEO of Credit Suisse Group's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Tidjiane Thiam (57yo)

4.3yrs

Tenure

CHF12,650,000

Compensation

Mr. Cheick Tidjane Thiam, also known as Tidjiane, has been a Director of Credit Suisse (Switzerland) Ltd. since 2016 and served as its Chief Executive Officer from 2015 to 2017. Mr. Thiam served as Group C ...


CEO Compensation Analysis

Compensation vs Market: Tidjiane's total compensation ($USD12.77M) is above average for companies of similar size in the Swiss market ($USD4.21M).

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


Management Age and Tenure

4.1yrs

Average Tenure

54yo

Average Age

Experienced Management: CSGN's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

5.6yrs

Average Tenure

58yo

Average Age

Experienced Board: CSGN's board of directors are considered experienced (5.6 years average tenure).


Insider Trading

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.


Management Team

  • Jim Amine (60yo)

    CEO of Investment Banking & Capital Markets & Member of Executive Board

    • Tenure: 5.1yrs
  • Thomas Gottstein (55yo)

    Member of the Executive Board

    • Tenure: 4.1yrs
  • David Miller

    CEO of Investment Banking & Capital Markets and Member of Executive Board

    • Tenure: 0.8yrs
  • Lara Warner (52yo)

    Group Chief Risk Officer & Member of the Executive Board

    • Tenure: 4.1yrs
  • Romeo Cerutti (57yo)

    General Counsel & Member of the Executive Board

    • Tenure: 10.6yrs
  • Tidjiane Thiam (57yo)

    CEO & Member of the Executive Board

    • Tenure: 4.3yrs
    • Compensation: CHF12.65m
  • David Mathers (54yo)

    CFO & Member of the Executive Board

    • Tenure: 9.1yrs
  • Helman Sitohang (54yo)

    CEO of the Asia-Pacific Division & Member of the Executive Board

    • Tenure: 4.1yrs
  • Jim Walker (54yo)

    COO & Member of Executive Board

    • Tenure: 0.08yrs
  • Brian Chin (42yo)

    CEO of Global Markets & Member of Executive Board

    • Tenure: 3.2yrs

Board Members

  • Rainer Gut (87yo)

    Honorary Chairman

    • Tenure: 19.8yrs
  • Urs Rohner (60yo)

    Independent Chairman of the Board

    • Tenure: 8.6yrs
    • Compensation: CHF4.72m
  • Kai Nargolwala (69yo)

    Independent Director

    • Tenure: 6.6yrs
    • Compensation: CHF600.00k
  • John Tiner (62yo)

    Independent Director

    • Tenure: 10.6yrs
    • Compensation: CHF880.00k
  • Severin Schwan (52yo)

    Vice Chair & Lead Independent Director

    • Tenure: 2.8yrs
    • Compensation: CHF400.00k
  • Maag Macia (51yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: CHF350.00k
  • Alexander Gut (56yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: CHF400.00k
  • Iris Bohnet (53yo)

    Independent Director

    • Tenure: 7.6yrs
    • Compensation: CHF350.00k
  • Andreas Gottschling (52yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: CHF850.00k
  • Joaquin Ribeiro (63yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: CHF400.00k

Company Information

Credit Suisse Group AG's company bio, 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: CHF31.986b
  • Shares outstanding: 2.47b
  • Website: https://www.credit-suisse.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSXDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1992
CSGNSWX (SIX Swiss Exchange)YesCommon SharesCHCHFJan 1992
CSGK.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1992
0QP5LSE (London Stock Exchange)YesCommon SharesGBCHFJan 1992
CSXXTRA (XETRA Trading Platform)YesCommon SharesDEEURJan 1992
CSX1DB (Deutsche Boerse AG)SPON ADR-REP 1 ORD CHF0.40(REGD)DEEURMay 1993
CS NBMV (Bolsa Mexicana de Valores)SPON ADR-REP 1 ORD CHF0.40(REGD)MXMXNMay 1993
CSNYSE (New York Stock Exchange)SPON ADR-REP 1 ORD CHF0.40(REGD)USUSDMay 1993
CSX1XTRA (XETRA Trading Platform)SPON ADR-REP 1 ORD CHF0.40(REGD)DEEURMay 1993
0I4PLSE (London Stock Exchange)SPON ADR-REP 1 ORD CHF0.40(REGD)GBUSDMay 1993
CSGNESWX (SIX Swiss Exchange)CHF0.04CHCHFJan 2019

Biography

Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/17 20:48
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.