VP Bank AG

SWX:VPBN Stock Report

Market Cap: CHF 458.8m

VP Bank Valuation

Is VPBN 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 VPBN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VPBN (CHF73.4) is trading below our estimate of fair value (CHF122.85)

Significantly Below Fair Value: VPBN is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VPBN. This is calculated by dividing VPBN's market cap by their current earnings.
What is VPBN's PE Ratio?
PE Ratio15x
EarningsCHF 30.25m
Market CapCHF 458.81m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VPBN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.4x
BBN Bellevue Group
11.3xn/aCHF 165.1m
EFGN EFG International
12x6.3%CHF 3.6b
VONN Vontobel Holding
14.8x17.7%CHF 3.2b
VZN VZ Holding
27.4x6.3%CHF 5.6b
VPBN VP Bank
15x20.2%CHF 455.1m

Price-To-Earnings vs Peers: VPBN is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

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

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VPBN 15.0xIndustry Avg. 13.1xNo. of Companies39PE01224364860+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VPBN is expensive based on its Price-To-Earnings Ratio (15x) compared to the European Capital Markets industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is VPBN'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.

VPBN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio18.4x

Price-To-Earnings vs Fair Ratio: VPBN is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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