UBS Group
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. The last earnings update was 41 days ago. More info.
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UBSG Share Price and Events
7 Day Returns
1 Year Returns
UBSG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| UBS Group (UBSG) | 0.9% | 14.7% | 4.3% | -18.8% | -19.3% | -26.3% |
| CH Capital Markets | 0.2% | 15.2% | 7.4% | -17.3% | -9.7% | -32.5% |
| CH Market | 0.8% | 2.2% | 6.5% | 4.5% | 13.7% | 12.3% |
1 Year Return vs Industry and Market
- UBSG underperformed the Capital Markets industry which returned -17.3% over the past year.
- UBSG underperformed the Market in Switzerland which returned 4.5% over the past year.
Value
Is UBS Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
UBS Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for UBS Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity = $14.89 * 9.5% |
$1.41 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 13 analysts. | $14.89 |
| Discount Rate (Cost of Equity) | See below | 15.2% |
| Perpetual Growth Rate | 10-Year CH Government Bond Rate | 3.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CH Govt Bond Rate | 3.3% |
| Equity Risk Premium | S&P Global | 6% |
| Capital Markets Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 18%) (704.94%)) |
3.668 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (2 * 5.96%) |
15.2% |
Discounted Cash Flow Calculation for SWX:UBSG using Excess Returns Model Model
The calculations below outline how an intrinsic value for UBS Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (9.5% – 15.2%) * $14.89) |
$-0.85 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.85 / (15.2% - 3.28%) |
$-7.15 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $14.89 + $-7.15 |
$7.74 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/CHF
(Reporting currency to currency of SWX:UBSG) |
1.02 |
| Value per Share (CHF) |
= Value per Share in USD x Exchange Rate (USD/CHF)
= $7.74 x 1.02 |
CHF7.89 |
| Value per share (CHF) | From above. | CHF7.89 |
| Current discount | Discount to share price of
CHF13.56
= -1 x (CHF13.56 - CHF7.89) / CHF7.89 |
-71.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of UBS Group is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for UBS Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
UBS Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $1.21 |
| SWX:UBSG Share Price ** | SWX (2019-04-25) in CHF | CHF13.56 |
| SWX:UBSG Share Price converted to USD reporting currency | Exchange rate (CHF/ USD) 0.98 | $13.29 |
| Switzerland Capital Markets Industry PE Ratio | Median Figure of 13 Publicly-Listed Capital Markets Companies | 14.72x |
| Switzerland Market PE Ratio | Median Figure of 174 Publicly-Listed Companies | 18.56x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of UBS Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SWX:UBSG Share Price ÷ EPS (both in USD) = 13.29 ÷ 1.21 |
10.98x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- UBS Group is good value based on earnings compared to the CH Capital Markets industry average.
- UBS Group is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does
UBS Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.98x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
7.5%per year |
| Switzerland Capital Markets Industry PEG Ratio | Median Figure of 8 Publicly-Listed Capital Markets Companies | 1.38x |
| Switzerland Market PEG Ratio | Median Figure of 121 Publicly-Listed Companies | 2.26x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.98x ÷ 7.5% |
1.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- UBS Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
UBS Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $14.35 |
| SWX:UBSG Share Price * | SWX (2019-04-25) in CHF | CHF13.56 |
| SWX:UBSG Share Price converted to USD reporting currency | Exchange rate (CHF/ USD) 0.98 | $13.29 |
| Switzerland Capital Markets Industry PB Ratio | Median Figure of 15 Publicly-Listed Capital Markets Companies | 1.22x |
| Switzerland Market PB Ratio | Median Figure of 210 Publicly-Listed Companies | 1.76x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SWX:UBSG Share Price ÷ Book Value per Share (both in USD) = 13.29 ÷ 14.35 |
0.93x |
* Primary Listing of UBS Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- UBS Group is good value based on assets compared to the CH Capital Markets industry average.
Value checks
We assess UBS Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) UBS Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is UBS Group expected to perform in the next 1 to 3 years based on estimates from 14 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- UBS Group's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
- UBS Group's earnings growth is positive but not above the Switzerland market average.
- UBS Group's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SWX:UBSG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 7.5% |
| SWX:UBSG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 0.5% |
| Switzerland Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 13% |
| Switzerland Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 2.4% |
| Switzerland Market Earnings Growth Rate | Market Cap Weighted Average | 9.2% |
| Switzerland Market Revenue Growth Rate | Market Cap Weighted Average | 3.5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 30,802 | 5,489 | 10 | |
| 2020-12-31 | 30,016 | 5,139 | 12 | |
| 2019-12-31 | 28,744 | 4,163 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 30,257 | 19,775 | 4,516 |
| 2018-09-30 | 30,378 | -10,258 | 1,750 |
| 2018-06-30 | 29,712 | -11,374 | 1,417 |
| 2018-03-31 | 30,659 | -27,578 | 1,361 |
| 2017-12-31 | 29,591 | -39,137 | 969 |
| 2017-09-30 | 29,930 | -8,879 | 4,154 |
| 2017-06-30 | 30,154 | 716 | 4,077 |
| 2017-03-31 | 29,016 | -23,747 | 3,765 |
| 2017-01-01 | 28,824 | -51,785 | 3,348 |
| 2016-09-30 | 28,920 | -55,880 | 3,626 |
| 2016-06-30 | 28,895 | -51,901 | 4,879 |
| 2016-03-31 | 29,772 | -7,125 | 5,147 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
All data from UBS Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.41 | 1.73 | 1.01 | 10.00 |
| 2020-12-31 | 1.28 | 1.49 | 1.11 | 13.00 |
| 2019-12-31 | 1.12 | 1.61 | 0.97 | 14.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.21 |
| 2018-09-30 | 0.47 |
| 2018-06-30 | 0.38 |
| 2018-03-31 | 0.37 |
| 2017-12-31 | 0.26 |
| 2017-09-30 | 1.12 |
| 2017-06-30 | 1.10 |
| 2017-03-31 | 1.01 |
| 2017-01-01 | 0.90 |
| 2016-09-30 | 0.97 |
| 2016-06-30 | 1.31 |
| 2016-03-31 | 1.39 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess UBS Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
UBS Group has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has UBS Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- UBS Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- UBS Group's 1-year earnings growth exceeds its 5-year average (366% vs -10.8%)
- UBS Group's earnings growth has exceeded the CH Capital Markets industry average in the past year (366% vs 9.5%).
Earnings and Revenue History
All data from UBS Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 30,257.00 | 4,516.00 | 23,521.00 | |
| 2018-09-30 | 30,378.04 | 1,749.82 | 23,205.61 | |
| 2018-06-30 | 29,712.24 | 1,417.17 | 22,947.47 | |
| 2018-03-31 | 30,659.03 | 1,361.27 | 23,614.61 | |
| 2017-12-31 | 29,591.00 | 969.00 | 22,991.00 | |
| 2017-09-30 | 29,929.82 | 4,153.77 | 23,308.57 | |
| 2017-06-30 | 30,153.96 | 4,077.03 | 23,638.64 | |
| 2017-03-31 | 29,016.49 | 3,765.28 | 22,664.69 | |
| 2017-01-01 | 28,824.00 | 3,348.00 | 22,948.00 | |
| 2016-09-30 | 28,919.74 | 3,626.31 | 23,557.62 | |
| 2016-06-30 | 28,895.16 | 4,878.75 | 23,806.20 | |
| 2016-03-31 | 29,772.45 | 5,146.74 | 24,558.93 | |
| 2015-12-31 | 30,566.02 | 6,195.50 | 23,746.27 | |
| 2015-09-30 | 31,312.41 | 6,259.41 | 24,388.35 | |
| 2015-06-30 | 32,338.71 | 5,131.52 | 26,684.96 | |
| 2015-03-31 | 30,570.04 | 4,522.60 | 25,729.04 | |
| 2014-12-31 | 28,213.34 | 3,489.17 | 24,974.83 | |
| 2014-09-30 | 29,049.77 | 3,687.17 | 25,432.66 | |
| 2014-06-30 | 30,624.32 | 3,766.46 | 25,684.30 | |
| 2014-03-31 | 30,871.22 | 3,663.19 | 26,215.88 | |
| 2013-12-31 | 31,142.06 | 3,562.04 | 26,508.70 | |
| 2013-09-30 | 30,557.61 | 388.11 | 2,240.18 | |
| 2013-06-30 | 29,230.15 | -2,493.61 | 2,216.77 | |
| 2013-03-31 | 28,217.76 | -2,660.98 | 26,262.31 | |
| 2012-12-31 | 27,768.31 | -2,708.78 | 25,894.01 | |
| 2012-09-30 | 26,643.36 | -295.41 | 22,283.38 | |
| 2012-06-30 | 26,585.91 | 3,032.54 | 21,718.44 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- UBS Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- UBS Group used its assets less efficiently than the CH Capital Markets industry average last year based on Return on Assets.
- Unable to establish if UBS Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess UBS Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
UBS Group has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is UBS Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up UBS Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- UBS Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- UBS Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from UBS Group Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 53,104.00 | 345,744.00 | 433,442.00 |
| 2018-09-30 | 52,412.66 | 349,554.35 | 349,813.54 |
| 2018-06-30 | 51,165.04 | 348,658.82 | 352,438.28 |
| 2018-03-31 | 53,805.90 | 346,262.27 | 339,628.95 |
| 2017-12-31 | 52,554.00 | 338,676.00 | 431,265.00 |
| 2017-09-30 | 55,971.10 | 346,901.96 | 441,827.66 |
| 2017-06-30 | 54,733.05 | 334,419.92 | 436,530.45 |
| 2017-03-31 | 54,329.68 | 313,704.40 | 425,722.11 |
| 2017-01-01 | 53,586.00 | 321,740.00 | 364,997.00 |
| 2016-09-30 | 55,687.00 | 347,052.33 | 448,950.06 |
| 2016-06-30 | 54,921.30 | 399,827.74 | 488,560.88 |
| 2016-03-31 | 59,246.51 | 378,012.87 | 496,034.30 |
| 2015-12-31 | 57,238.74 | 347,669.32 | 458,644.04 |
| 2015-09-30 | 57,385.43 | 389,600.08 | 508,413.13 |
| 2015-06-30 | 56,871.75 | 400,568.15 | 492,402.58 |
| 2015-03-31 | 57,439.77 | 453,144.90 | 565,437.01 |
| 2014-12-31 | 54,731.42 | 455,116.98 | 581,610.90 |
| 2014-09-30 | 55,241.61 | 469,208.09 | 583,186.06 |
| 2014-06-30 | 58,001.89 | 448,125.23 | 557,098.89 |
| 2014-03-31 | 57,624.47 | 453,360.56 | 579,106.94 |
| 2013-12-31 | 56,076.36 | 489,309.38 | 636,974.73 |
| 2013-09-30 | 54,564.96 | 516,655.43 | 625,592.94 |
| 2013-06-30 | 51,851.19 | 572,270.24 | 668,039.56 |
| 2013-03-31 | 53,126.94 | 648,190.39 | 757,952.93 |
| 2012-12-31 | 50,187.87 | 723,924.68 | 848,510.17 |
| 2012-09-30 | 60,401.04 | 798,548.45 | 909,081.25 |
| 2012-06-30 | 62,359.14 | 846,806.02 | 941,415.19 |
- UBS Group's level of debt (651.1%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (871.6% vs 651.1% today).
- Debt is not well covered by operating cash flow (5.7%, less than 20% of total debt).
- Unable to confirm if the interest payments on UBS Group's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess UBS Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) UBS Group has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is UBS Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CHF2,000 of
UBS Group
shares you are expected to receive
CHF104
in your first year as a dividend.
Dividend Amount
- UBS Group's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.86%).
- UBS Group's dividend is above the markets top 25% of dividend payers in Switzerland (3.52%).
Upcoming dividend payment
Purchase UBS Group before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Switzerland Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 14 Stocks | 3.9% |
| Switzerland Market Average Dividend Yield | Market Cap Weighted Average of 167 Stocks | 3.1% |
| Switzerland Minimum Threshold Dividend Yield | 10th Percentile | 1.3% |
| Switzerland Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| Switzerland Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.84 | 14.00 |
| 2020-12-31 | 0.78 | 19.00 |
| 2019-12-31 | 0.74 | 14.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-22 | 0.691 | 5.590 |
| 2018-03-09 | 0.645 | 4.361 |
| 2017-03-10 | 0.594 | 3.575 |
| 2016-02-02 | 0.824 | 5.758 |
| 2015-03-13 | 0.485 | 2.579 |
| 2015-02-10 | 0.497 | 3.007 |
| 2014-05-07 | 0.245 | 1.514 |
| 2013-03-14 | 0.153 | 0.862 |
| 2013-02-05 | 0.157 | 0.992 |
| 2012-07-31 | 0.101 | 0.770 |
| 2012-06-29 | 0.101 | 0.949 |
| 2012-03-15 | 0.103 | 0.866 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- UBS Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but UBS Group only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of
UBS Group's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.7x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
Income/ dividend checks
We assess UBS Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can UBS Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) UBS Group has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $14,123,994 |
| AGE | 58 |
| TENURE AS CEO | 4.4 years |
CEO Bio
Mr. Sergio P. Ermotti has been Group Chief Executive Officer of UBS Group AG since November 2014 and its Member of Group Executive Board since April 1, 2011. Mr. Ermotti has been the Chief Executive Officer at UBS AG since November 15, 2011 and serves as its Member of its Executive Board He serves as President of the Executive Board at UBS Group AG. He serves as President of Executive Board at UBS AG and has been its Member of Executive Board since April 1, 2011. He served as Interim Chief Executive Officer of UBS Group AG at UBS AG Singapore from September 21, 2011 to November 15, 2011. He served as the Chairman and Chief Executive Officer, UBS Group's Europe, Middle East and Africa from April 1, 2011 to November 15, 2011. He served as the President of Etihad Regional SA (alternate name, Darwin Airline SA). He served as the Head of CIB & PB Strategic Business Area UniCredit S.p.A. of UniCredit Bank Austria AG (formerly, Bank Austria Creditanstalt AG). He served as the Head of CIB & PB Strategic Business Area UniCredit Group. He served as Deputy Chief Executive Officer at UniCredit Bank Austria AG. He served as the Head of global Multinationals and Investment Banking Division at UniCredit Bank Austria AG. He served as Head of Multinationals and Investment Banking Division of UniCredit S.p.A. and served there from 2005 to 2010. Mr. Ermotti served as Deputy Chief Executive Officer at UniCredit S.p.A. from July 2007 to 2010 and served as its Head of Markets and Investment Banking Division from December 2005 to July 2007. He served as Deputy General Manager at UniCredit Group from January 2006 to July 2007. He joined UniCredit in 2005. From 2007 to 2010, he served as Group Deputy Chief Executive Officer at UniCredit, Milan and was responsible for the strategic business areas of Corporate and Investment Banking and Private Banking. He served as Group Deputy General Manager of Multinationals and Investment Banking Division of Unicredit S.p.A. since December 15, 2005. He served as Vice Director General of Unicredit S.p.A. He began his career as an Apprentice with Corner Bank SA in Lugano and later served as its Trader. He served at Citibank NA in Zurich since 1985, where he traded equity-linked products and later served as its Resident Vice President. From 2001 to 2003, he served as Senior Vice President, Co-Head, Global Markets & Investment Banking and Co-Head of Global Equity Markets of Merrill Lynch & Co., Inc. (formerly, BofA Merrill Lynch) with responsibility for its equity markets activities globally, including trading, underwriting and sales of all equity and equity-linked securities and equity financing & services. Mr. Ermotti joined BofA Merrill Lynch as a Vice President in 1987 and served as its Head of Swiss Franc capital markets business from 1987 to 1992 and served there until 2005. Since 1993, he served as Managing Director of BofA Merrill and later served as its Head of European Equity Derivatives. Since 1996, he served as Head of Global Equity Derivatives of BofA Merrill Lynch. From 1997 to 1999, he served as the Head of Global Equity Linked Products of BofA Merrill Lynch. From 1999 to 2001, he served as the Head of Equity Markets for Europe, the Middle East and Africa of BofA Merrill Lynch, responsible for its regional equity businesses. He serves as Chairman of the Board of Directors of UBS Switzerland AG, UBS Business Solutions AG and UBS Optimus Foundation Board. He serves as a director of UBS Switzerland AG. Mr. Ermotti is Chairman of the Fondazione Ermotti and a board member of the Fondazione Lugano per il Polo Culturale, both in Lugano. Mr. Ermotti served as the Chairman of the Supervisory Board at Unicredit Bank AG from February 5, 2009 to September 22, 2010. He has been a Member of Supervisory Board at Bayerische Hypo- und Vereinsbank AG since August 22, 2006. He serves as a Member of Supervisory Board at Bank Austria Wohnbau Gewinnscheine. He served as a Non-Executive Director of London Stock Exchange Group plc from October 1, 2007 to July 18, 2013. He served as a Director of Merrill Lynch International from March 1997 to November 2003 and Virt-X Limited and Virt-X Exchange Limited from July 2002 to April 2003. He served as a Member of Supervisory Board of UniCredit Bank Austria AG from January 25, 2006 to February 23 2011. He served as a Member of the Supervisory Board at Bank Pekao S.A. (formerly, Bank Polska Kasa Opieki Spólka Akcyjna) from April 26, 2010 to February 23, 2011. Mr. Ermotti served as a Member of the Supervisory Board at Unicredit Bank AG from August 22, 2006 to September 22, 2010. He serves as Chairman and President of the Board of the Swiss-American Chamber of Commerce. He is a board member of Global Apprenticeship Network and of the Swiss American Chamber of Commerce. He became a member of the GEB in April 2011. He is a member of the Institut International D'Etudes Bancaires and a member of the Financial Services. He is a Member of the Saïd Business School Global Leadership Council, University of Oxford. He is a Member of the Financial Services Forum. Mr. Ermotti is a Swiss Certified Banking Expert (Master/Federal Diploma), and a graduate of the Advanced Management Program at Oxford University.
CEO Compensation
- Sergio's compensation has been consistent with company performance over the past year.
- Sergio's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure
Average tenure and age of the UBS Group management team in years:
- The tenure for the UBS Group management team is about average.
Management Team
Sergio Ermotti
Group CEO & Chairman of Executive Board
$14M
58
4.4 yrs
Tom Naratil
Co-President Global Wealth Management
57
7.8 yrs
Kirt Gardner
Group CFO & Member of Management Board
59
3.3 yrs
Piero Novelli
Co-President of Investment Bank & Member of Executive Board
53
0.5 yrs
Markus Ronner
Group Chief Compliance & Governance Officer and Member of Group Executive Board
53
0.4 yrs
Markus Diethelm
Group General Counsel & Member of the Group Executive Board
61
10.6 yrs
Ulrich Körner
President of Asset Mgmt
56
10 yrs
Axel Lehmann
President of Personal & Corp Banking
59
3.3 yrs
Edmund Koh
President of UBS Asia Pacific & Member of Executive Board
58
0.3 yrs
Sabine Keller-Busse
Group COO & Member of the Group Executive Board
53
1.3 yrs
Board of Directors Tenure
Average tenure and age of the UBS Group board of directors in years:
- The tenure for the UBS Group board of directors is about average.
Board of Directors
Axel Weber
Chairman of the Board
$6M
61
4.4 yrs
Michel Demaré
Independent Vice Chairman
$975K
62
4.4 yrs
Juan Monte
Chairman of Spain
Daniel Villanueva
CEO of Spain Operations
9.6 yrs
Alain Robert Tissot
Chairman of the UBS Culture Foundation and Vice Chairman of Wealth Management & Swiss Bank
9.3 yrs
David Sidwell
Senior Independent Director
$1M
65
4.4 yrs
Julie Richardson
Director
$625K
55
1.9 yrs
Jeremy Anderson
Director
$675K
60
0.9 yrs
Ann Godbehere
Director
$825K
63
4.4 yrs
Isabelle Romy
Director
$625K
53
4.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CHF) | Value (CHF) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess UBS Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) UBS Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
What Are Analysts Saying About UBS Group AG's (VTX:UBSG) Earnings Outlook?
The latest earnings update UBS Group AG (VTX:UBSG) released in December 2018a … suggested … business
Simply Wall St - – Full articleHow Do Analysts See UBS Group AG (VTX:UBSG) Performing Over The Next Year?
On 31 December 2018, UBS Group AG (VTX:UBSG) released its earnings update. … it seems that analyst forecasts are fairly optimistic, … the past 5-year average growth rate of -11%.
Simply Wall St - – Full articleShould You Buy UBS Group AG (VTX:UBSG) For Its Dividend?
Historically, UBS Group AG (VTX:UBSG) has been paying a dividend to shareholders. … Let's take a look at UBS Group in more detail. … How I analyze a dividend stock
Simply Wall St - – Full articleSome UBS Group Shareholders Are Down 30%
By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Because of the sharp contrast between the EPS growth rate and the share price growth, we're inclined to look to other metrics to understand the changing market sentiment around the stock. … It's not immediately clear to us why the stock price is down but further research might provide some answers.
Simply Wall St - – Full articleDoes UBS Group AG's (VTX:UBSG) P/E Ratio Signal A Buying Opportunity?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … How Do I Calculate UBS Group's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs UBS Group AG's (VTX:UBSG) CEO Paid Enough Relative To Peers?
Sergio Ermotti became the CEO of UBS Group AG (VTX:UBSG) in 2014. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Sergio Ermotti's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleIs Now An Opportune Moment To Examine UBS Group AG (VTX:UBSG)?
received a lot of attention from a substantial price movement on the SWX over the last few months, increasing to CHF15.94 at one point, and dropping to the lows of CHF12.17. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether UBS Group's current trading price of CHF12.4 reflective of the actual value of the?
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most UBS Group AG (VTX:UBSG) Stock?
The big shareholder groups in UBS Group AG (VTX:UBSG) have power over the company. … UBS Group is a pretty big company. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleDoes UBS Group AG's (VTX:UBSG) PE Ratio Warrant A Sell?
and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Although some investors may see this as unappealing, it is important to understand the assumptions behind the P/E ratio before making judgments. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio
Simply Wall St - – Full articleIs It The Right Time To Buy UBS Group AG (VTX:UBSG)?
This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price? … A question to answer is whether UBS Group's current trading price of CHF15.25 reflective of the actual value of the? … Let’s take a look at UBS Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleCompany Info
Description
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients. This segment provides corporate and banking, lending, wealth planning, investment, asset protection, and philanthropy services, as well as family office services. The Personal & Corporate Banking division provides financial products and services to private, corporate, and institutional clients. The Asset Management division offers investment products and services comprising equities, fixed income products, hedge funds, real estate and private markets, indexed and alternative beta strategies, and asset allocation and currency investment strategies; customized multi-asset, advisory, and fiduciary services; multi-manager hedge fund solutions and advisory services; and fund corporate governance and white-labeling services. The Investment Bank division provides advisory, debt and equity capital market, and financing solutions; and market lending services for global wealth management, personal and corporate banking, and asset management businesses serving the corporate, institutional, and wealth management clients. This division also offers cash, derivatives, and financing; foreign exchange, precious metals, rates, and credit; and securities research services. The company was formerly known as UBS AG and changed its name to UBS Group AG in December 2014. UBS Group AG was founded in 1862 and is headquartered in Zurich, Switzerland.
Details
| Name: | UBS Group AG |
| UBSG | |
| Exchange: | SWX |
| Founded: | 1862 |
| CHF50,034,038,293 | |
| 3,691,186,890 | |
| Website: | http://www.ubs.com |
| Address: |
UBS Group AG Bahnhofstrasse 45, PO Box, Zurich, Zurich, 8001, Switzerland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SWX | UBSG | Registered Shares | SIX Swiss Exchange | CH | CHF | 29. Jun 1998 | |
| NYSE | UBS | Registered Shares | New York Stock Exchange | US | USD | 29. Jun 1998 | |
| DB | 0UB | Registered Shares | Deutsche Boerse AG | DE | EUR | 29. Jun 1998 | |
| LSE | 0R3T | Registered Shares | London Stock Exchange | GB | CHF | 29. Jun 1998 | |
| BMV | UBS N | Registered Shares | Bolsa Mexicana de Valores | MX | MXN | 29. Jun 1998 | |
| SWX | UBSGE | CHF0.10 | SIX Swiss Exchange | CH | CHF | 26. Mar 2018 | |
| SWX | SMMPR | OPEN TRK ZT (SWITZERLAND) | SIX Swiss Exchange | CH | CHF | 08. Apr 2011 | |
| BOVESPA | UBSG34 | BDR EA REPR 1 COM SHS CHF0.10 | Bolsa de Valores de Sao Paulo | BR | BRL | 01. Sep 2016 | |
| XQMH | SMMPR | OPEN TRK ZT (SWITZERLAND) | SIX Structured Products Exchange AG | CH | CHF | 08. Apr 2011 |
Number of employees
Current staff
Industry
| Diversified Capital Markets | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/25 22:31 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/25 |
| Last earnings filing: | 2019/03/15 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
