Vontobel Holding
Market Cap
CHF3.8b
Last Updated
2020/08/14 10:24 UTC
Data Sources
Company Financials +
Executive Summary
Vontobel Holding AG provides various financial services to private and institutional clients.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with adequate balance sheet and pays a dividend.
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
Stable Share Price: VONN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.2%
VONN
3.4%
CH Capital Markets
2.0%
CH Market
1 Year Return
32.4%
VONN
10.1%
CH Capital Markets
6.2%
CH Market
Return vs Industry: VONN exceeded the Swiss Capital Markets industry which returned 11.8% over the past year.
Return vs Market: VONN exceeded the Swiss Market which returned 5.8% over the past year.
Shareholder returns
| VONN | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | 3.4% | 2.0% |
| 30 Day | -3.8% | 1.6% | 0.4% |
| 90 Day | 41.2% | 29.1% | 7.3% |
| 1 Year | 39.0%32.4% | 13.3%10.1% | 9.8%6.2% |
| 3 Year | 23.4%9.4% | -16.3%-24.1% | 21.8%9.1% |
| 5 Year | 68.8%38.4% | -32.1%-45.3% | 32.2%11.4% |
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
4 weeks ago | Simply Wall St
Vontobel Holding AG (VTX:VONN) Is Yielding 3.1% - But Is It A Buy?2 months ago | Simply Wall St
Is Vontobel Holding AG's (VTX:VONN) CEO Salary Justified?2 months ago | Simply Wall St
What Is Vontobel Holding AG's (VTX:VONN) Share Price Doing?Valuation
Is Vontobel Holding undervalued compared to its fair value and its price relative to the market?
14.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VONN (CHF67.8) is trading below our estimate of fair value (CHF78.86)
Significantly Below Fair Value: VONN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VONN's PE Ratio (15.3x) is in line with the CH Capital Markets industry average.
PE vs Market: VONN is good value based on its PE Ratio (15.3x) compared to the Swiss market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: VONN is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: VONN is overvalued based on its PB Ratio (2.2x) compared to the CH Capital Markets industry average (1.2x).
Next Steps
Future Growth
How is Vontobel Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
7.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VONN's forecast earnings growth (7.6% per year) is above the savings rate (-0.2%).
Earnings vs Market: VONN's earnings (7.6% per year) are forecast to grow slower than the Swiss market (9.5% per year).
High Growth Earnings: VONN's earnings are forecast to grow, but not significantly.
Revenue vs Market: VONN's revenue (4.1% per year) is forecast to grow faster than the Swiss market (3.7% per year).
High Growth Revenue: VONN's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VONN's Return on Equity is forecast to be low in 3 years time (14.4%).
Next Steps
Past Performance
How has Vontobel Holding performed over the past 5 years?
5.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VONN has high quality earnings.
Growing Profit Margin: VONN's current net profit margins (19.7%) are higher than last year (18.2%).
Past Earnings Growth Analysis
Earnings Trend: VONN's earnings have grown by 5.9% per year over the past 5 years.
Accelerating Growth: VONN's earnings growth over the past year (13.8%) exceeds its 5-year average (5.9% per year).
Earnings vs Industry: VONN earnings growth over the past year (13.8%) exceeded the Capital Markets industry 13%.
Return on Equity
High ROE: VONN's Return on Equity (15%) is considered low.
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
Financial Institutions Analysis
Asset Level: VONN's Assets to Equity ratio (16.3x) is moderate.
Allowance for Bad Loans: VONN has a low allowance for bad loans (90%).
Low Risk Liabilities: 54% of VONN's liabilities are made up of primarily higher risk sources of funding.
Loan Level: VONN has an appropriate level of Loans to Assets ratio (19%).
Low Risk Deposits: VONN's Loans to Deposits ratio (44%) is appropriate.
Level of Bad Loans: VONN has an appropriate level of bad loans (0.5%).
Next Steps
Dividend
What is Vontobel Holding current dividend yield, its reliability and sustainability?
3.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VONN's dividend (3.32%) is higher than the bottom 25% of dividend payers in the Swiss market (1.78%).
High Dividend: VONN's dividend (3.32%) is low compared to the top 25% of dividend payers in the Swiss market (3.77%).
Stability and Growth of Payments
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 (50.7%), 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 (52.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.4yrs
Average management tenure
CEO
Zeno Staub (51 yo)
9.25yrs
Tenure
CHF3,988,000
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 ($USD4.38M) is above average for companies of similar size in the Swiss market ($USD1.95M).
Compensation vs Earnings: Zeno's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Head Platforms & Services | 9.25yrs | CHF3.99m | 0.26% CHF 10.0m | |
| CFO, Head Finance & Risk and Member of the Executive Board | 11.75yrs | no data | 0.15% CHF 5.5m | |
| COO, Head Technology & Services and Member of the Executive Board | 10.58yrs | no data | 0.16% CHF 6.0m | |
| Head of Asset Management | no data | no data | 0.29% CHF 11.1m | |
| Head of Wealth Management & Member of the Executive Board | no data | no data | 0.20% CHF 7.6m | |
| Head Legal & Compliance | 0.58yr | no data | no data | |
| Chief Investment Officer | 0.25yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Head of Corporate Communications | no data | no data | no data | |
| Head of Marketing & Analytics | no data | no data | no data | |
| Head Human Resources | no data | no data | no data | |
| Regional Head for Private Clients Business | 9.58yrs | no data | no data |
9.4yrs
Average Tenure
55yo
Average Age
Experienced Management: VONN's management team is seasoned and experienced (9.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Advisory Council | no data | no data | no data | |
| Independent Vice Chairman of the Board | 8.33yrs | CHF249.40k | 0.020% CHF 750.4k | |
| Independent Chairman of the Board | 9.25yrs | CHF2.61m | 0.83% CHF 31.5m | |
| Member of Advisory Council | no data | no data | no data | |
| Independent Director | 4.33yrs | CHF220.90k | 0.0055% CHF 208.7k | |
| Independent Director | 15.33yrs | CHF226.60k | 0.030% CHF 1.1m | |
| Independent Director | 2.33yrs | CHF204.40k | 0.0024% CHF 89.3k | |
| Independent Director | 9.25yrs | CHF197.60k | 0.016% CHF 621.1k | |
| Member of Advisory Council | no data | CHF51.70k | no data | |
| Non-Executive Independent Member | 5.33yrs | CHF226.10k | 0.0076% CHF 290.8k | |
| Independent Director | 4.33yrs | CHF216.40k | 0.0063% CHF 239.1k | |
| Non-Independent Director | 4.33yrs | CHF215.60k | 0.037% CHF 1.4m |
5.3yrs
Average Tenure
57yo
Average Age
Experienced Board: VONN's board of directors are considered experienced (5.3 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 not been meaningfully diluted in the past year.
Top Shareholders
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: CHF3.801b
- Shares outstanding: 56.07m
- 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 |
|---|---|---|---|---|---|---|
| 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 | 2020/08/14 10:24 |
| End of Day Share Price | 2020/08/13 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.