Vontobel Holding AG

SWX:VONN Stock Report

Market Cap: CHF 3.3b

Vontobel Holding Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

CHF 67.12
Fair Value
11.8% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: VONN (CHF59.2) is trading below our estimate of fair value (CHF67.12)

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

Key Valuation Metric

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

Key metric: As VONN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VONN. This is calculated by dividing VONN's market cap by their current earnings.
What is VONN's PE Ratio?
PE Ratio13.3x
EarningsCHF 251.30m
Market CapCHF 3.33b

Price to Earnings Ratio vs Peers

How does VONN's PE Ratio compare to its peers?

The above table shows the PE ratio for VONN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17x
EFGN EFG International
14.5x5.19%CHF 5.2b
VZN VZ Holding
26x10.67%CHF 5.9b
BAER Julius Bär Gruppe
13.6x11.81%CHF 11.8b
VPBN VP Bank
13.8xn/aCHF 491.9m
VONN Vontobel Holding
13.3x13.15%CHF 3.3b

Price-To-Earnings vs Peers: VONN is good value based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (17x).

Price to Earnings Ratio vs Industry

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

18 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VONN 13.3xIndustry Avg. 15.8xNo. of Companies38PE01224364860+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VONN is good value based on its Price-To-Earnings Ratio (13.3x) compared to the European Capital Markets industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

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

VONN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.3x
Fair PE Ratio16.7x

Price-To-Earnings vs Fair Ratio: VONN is good value based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).

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 VONN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 59.20
CHF 62.67
+5.86%
2.09%CHF 64.50CHF 61.50n/a3
Nov ’26CHF 61.00
CHF 61.50
+0.82%
4.35%CHF 64.50CHF 58.00n/a3
Oct ’26CHF 59.80
CHF 61.10
+2.17%
3.69%CHF 63.30CHF 58.00n/a3
Sep ’26CHF 61.00
CHF 63.33
+3.81%
6.82%CHF 70.00CHF 58.00n/a4
Aug ’26CHF 59.40
CHF 63.33
+6.61%
6.82%CHF 70.00CHF 58.00n/a4
Jul ’26CHF 64.00
CHF 61.00
-4.69%
11.93%CHF 70.00CHF 52.00n/a4
Jun ’26CHF 61.80
CHF 61.00
-1.29%
11.93%CHF 70.00CHF 52.00n/a4
May ’26CHF 59.50
CHF 61.00
+2.52%
11.93%CHF 70.00CHF 52.00n/a4
Apr ’26CHF 64.20
CHF 62.33
-2.92%
9.41%CHF 70.00CHF 56.00n/a4
Mar ’26CHF 66.30
CHF 62.33
-6.00%
9.41%CHF 70.00CHF 56.00n/a4
Feb ’26CHF 67.40
CHF 57.57
-14.59%
9.63%CHF 65.00CHF 51.70n/a3
Jan ’26CHF 63.60
CHF 57.00
-10.38%
10.81%CHF 65.00CHF 50.00n/a3
Dec ’25CHF 58.10
CHF 57.00
-1.89%
10.81%CHF 65.00CHF 50.00n/a3
Nov ’25CHF 56.20
CHF 57.33
+2.02%
10.10%CHF 65.00CHF 51.00CHF 61.003
Oct ’25CHF 54.90
CHF 52.75
-3.92%
4.27%CHF 55.00CHF 50.50CHF 59.802
Sep ’25CHF 55.80
CHF 52.75
-5.47%
4.27%CHF 55.00CHF 50.50CHF 61.002
Aug ’25CHF 57.60
CHF 53.15
-7.73%
3.48%CHF 55.00CHF 51.30CHF 59.402
Jul ’25CHF 54.10
CHF 51.40
-4.99%
2.72%CHF 52.80CHF 50.00CHF 64.002
Jun ’25CHF 53.90
CHF 51.40
-4.64%
2.72%CHF 52.80CHF 50.00CHF 61.802
May ’25CHF 51.80
CHF 51.40
-0.77%
2.72%CHF 52.80CHF 50.00CHF 59.502
Apr ’25CHF 54.70
CHF 54.00
-1.28%
7.41%CHF 58.00CHF 50.00CHF 64.202
Mar ’25CHF 54.20
CHF 55.00
+1.48%
5.45%CHF 58.00CHF 52.00CHF 66.302
Feb ’25CHF 56.30
CHF 54.00
-4.09%
3.70%CHF 56.00CHF 52.00CHF 67.402
Jan ’25CHF 54.50
CHF 52.00
-4.59%
7.69%CHF 56.00CHF 48.00CHF 63.602
Dec ’24CHF 51.00
CHF 52.00
+1.96%
7.69%CHF 56.00CHF 48.00CHF 58.102
Nov ’24CHF 53.90
CHF 53.75
-0.28%
4.19%CHF 56.00CHF 51.50CHF 56.202
CHF 62.67
Fair Value
5.5% undervalued intrinsic discount
3
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/19 05:10
End of Day Share Price 2025/11/19 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vontobel Holding AG is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tomasz GrzelakBaader Helvea Equity Research
Eleni PapoulaBerenberg
Nicholas HermanCitigroup Inc