Vontobel Holding
Market Cap
CHF3.1b
Last Updated
2019/10/14 20:41 UTC
Data Sources
Company Financials +
Executive Summary
Vontobel Holding AG provides various financial services to private and institutional clients.
Snowflake
Fundamentals
Established dividend payer with adequate balance sheet.
Similar Companies
Share Price & News
How has Vontobel Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
8.1%
VONN
4.0%
CH Capital Markets
0.4%
CH Market
1 Year Return
-13.7%
VONN
-14.9%
CH Capital Markets
11.4%
CH Market
Return vs Industry: VONN exceeded the Swiss Capital Markets industry which returned -14.9% over the past year.
Return vs Market: VONN underperformed the Swiss Market which returned 11.4% over the past year.
Shareholder returns
| VONN | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.1% | 4.0% | 0.4% |
| 30 Day | -0.09% | -5.5% | -0.3% |
| 90 Day | -0.7% | -4.8% | 1.8% |
| 1 Year | -10.3%-13.7% | -11.4%-14.9% | 17.4%11.4% |
| 3 Year | 29.8%16.7% | 4.4%-7.3% | 34.9%21.3% |
| 5 Year | 103.7%68.8% | -15.2%-31.7% | 42.2%19.9% |
Price Volatility Vs. Market
How volatile is Vontobel Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Is Vontobel Holding AG's (VTX:VONN) CEO Paid Enough Relative To Peers?2 months ago | Simply Wall St
Here's Why I Think Vontobel Holding (VTX:VONN) Is An Interesting Stock3 months ago | Simply Wall St
Should You Buy Vontobel Holding AG (VTX:VONN) For Its Dividend?Valuation
Is Vontobel Holding undervalued compared to its fair value and its price relative to the market?
16.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: VONN (CHF55.55) is trading below our estimate of fair value (CHF66.23)
Significantly Undervalued: VONN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VONN is good value based on its PE Ratio (14.2x) compared to the Capital Markets industry average (14.9x).
PE vs Market: VONN is good value based on its PE Ratio (14.2x) compared to the Swiss market (18.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: VONN is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: VONN is overvalued based on its PB Ratio (1.8x) compared to the CH Capital Markets industry average (1x).
Next Steps
Future Growth
How is Vontobel Holding forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
10.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VONN's forecast earnings growth (10.2% per year) is above the savings rate (3.3%).
Earnings vs Market: VONN's earnings (10.2% per year) are forecast to grow slower than the Swiss market (10.3% per year).
High Growth Earnings: VONN's earnings are forecast to grow, but not significantly.
Revenue vs Market: VONN's revenue (5.8% per year) is forecast to grow faster than the Swiss market (3.5% per year).
High Growth Revenue: VONN's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: VONN's Return on Equity is forecast to be low in 3 years time (15.6%).
Next Steps
Past Performance
How has Vontobel Holding performed over the past 5 years?
11.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: VONN's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: VONN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VONN had negative earnings growth (-5.9%) over the past year, making it difficult to compare to the Capital Markets industry average (-4.5%).
Return on Equity
High ROE: VONN's Return on Equity (13.3%) is considered low.
Return on Assets
ROA vs Industry: VONN has a higher Return on Assets than the Capital Markets industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate VONN's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Vontobel Holding'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: VONN has a low level of unsold assets or inventory.
Debt Coverage by Assets: VONN's debt is covered by short term assets (assets are 6.057110x debt).
Financial Institutions Analysis
Asset Level: VONN's level of assets compared to its equity is moderate.
Allowance for Bad Loans: VONN has a low allowance for bad loans.
Low Risk Liabilities: VONN's liabilities are made up of primarily higher risk sources of funding.
Loan Level: VONN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: VONN's loans are broadly funded by customer deposits.
Level of Bad Loans: VONN has an appropriate level of bad loans (0.76%)
Next Steps
Dividend
What is Vontobel Holding's current dividend yield, its reliability and sustainability?
3.78%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: VONN's dividend (3.78%) is higher than the bottom 25% of dividend payers in the Swiss market (1.9%).
High Dividend: VONN's dividend (3.78%) is in the top 25% of dividend payers in the Swiss market (3.75%)
Stable Dividend: VONN's dividend payments have been volatile in the past 10 years.
Growing Dividend: VONN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.8%), VONN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VONN's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).
Next Steps
Management
What is the CEO of Vontobel Holding's salary, the management and board of directors tenure and is there insider trading?
8.6yrs
Average management tenure
CEO
Zeno Staub (50yo)
8.4yrs
Tenure
CHF3,721,900
Compensation
Dr. Zeno Markus Staub, Ph.D., serves as the Chief Executive Officer and Member of Executive Management at Bank Vontobel AG. Dr. Staub has been the Chief Executive Officer at Vontobel Holding AG since May 4 ...
CEO Compensation Analysis
Compensation vs. Market: Zeno's total compensation ($USD3.73M) is about average for companies of similar size in the Swiss market ($USD1.65M).
Compensation vs Earnings: Zeno's compensation has been consistent with company performance over the past year.
Management Age and Tenure
8.6yrs
Average Tenure
53yo
Average Age
Experienced Management: VONN's management team is seasoned and experienced (8.6 years average tenure).
Board Age and Tenure
4.5yrs
Average Tenure
53.5yo
Average Age
Experienced Board: VONN's board of directors are considered experienced (4.5 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
Management Team
Zeno Staub (50yo)
CEO & Member of the Executive Board
- Tenure: 8.4yrs
- Compensation: CHF3.72m
Georg Franz Schubiger (51yo)
Head of Wealth Management & Member of the Executive Board
- Tenure: 0yrs
Axel Schwarzer (61yo)
Head of Asset Management & Member of the Executive Board
- Tenure: 0yrs
Roger Studer (52yo)
Head of Investment Banking & Member of the Executive Board
- Tenure: 0yrs
- Compensation: CHF2.41m
Martin Castagnola (54yo)
CFO & Member of the Executive Board
- Tenure: 10.9yrs
Christophe Bernard
Chief Strategist & Head of The Balanced/Multi Asset Class Boutique
- Tenure: 7.6yrs
Felix Lenhard (54yo)
COO & Member of the Executive Board
- Tenure: 0yrs
Ramzi Charaf
Regional Head for Private Clients Business
- Tenure: 8.8yrs
Peter Dietlmaier
Head of Corporate Communications
- Tenure: 0yrs
Michele Schnyder
Head of Investor Relations
- Tenure: 0yrs
Board Members
Frank Schnewlin (68yo)
Independent Vice Chairman of the Board
- Tenure: 7.5yrs
- Compensation: CHF270.40k
Herbert Scheidt (68yo)
Independent Chairman of the Board
- Tenure: 8.4yrs
- Compensation: CHF2.62m
Vittorio Volpi (80yo)
Member of Advisory Council
- Tenure: 0yrs
David Cole (58yo)
Independent Director
- Tenure: 3.5yrs
- Compensation: CHF193.00k
Bruno Basler (56yo)
Independent Director
- Tenure: 14.5yrs
- Compensation: CHF222.80k
Stefan Loacker (50yo)
Director
- Tenure: 1.5yrs
- Compensation: CHF150.10k
Clara-Christina F. Streit (51yo)
Independent Director
- Tenure: 8.4yrs
- Compensation: CHF193.80k
Elisabeth Bourqui (44yo)
Non-Executive Independent Member
- Tenure: 4.5yrs
- Compensation: CHF195.30k
Maja Baumann (42yo)
Independent Director
- Tenure: 3.5yrs
- Compensation: CHF199.90k
Björn Wettergren (38yo)
Independent Director
- Tenure: 3.5yrs
- Compensation: CHF193.80k
Company Information
Vontobel Holding AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Vontobel Holding AG
- Ticker: VONN
- Exchange: SWX
- Founded: 1924
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: CHF3.125b
- Shares outstanding: 56.25m
- Website: https://www.vontobel.com
Number of Employees
Location
- Vontobel Holding AG
- Gotthardstrasse 43
- Zurich
- Zurich
- 8022
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VONH.F | OTCPK (Pink Sheets LLC) | Yes | Registered Shares | US | USD | Jan 1992 |
| VTLN | DB (Deutsche Boerse AG) | Yes | Registered Shares | DE | EUR | Jan 1992 |
| VONN | SWX (SIX Swiss Exchange) | Yes | Registered Shares | CH | CHF | Jan 1992 |
| 0QKE | LSE (London Stock Exchange) | Yes | Registered Shares | GB | CHF | Jan 1992 |
Biography
Vontobel Holding AG provides various financial services to private and institutional clients. The company operates through Wealth Management, Asset Management, and Investment Banking segments. The Wealth M ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 20:41 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.