VP Bank AG, together with its subsidiaries, provides asset-management and investment-advisory services for private and institutional investors, and financial intermediaries in Liechtenstein, Switzerland, rest of Europe, and internationally. More Details
Undervalued with excellent balance sheet and pays a dividend.
Share Price & News
How has VP Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VPBN has not had significant price volatility in the past 3 months.
7 Day Return
CH Capital Markets
1 Year Return
CH Capital Markets
Return vs Industry: VPBN underperformed the Swiss Capital Markets industry which returned -3.5% over the past year.
Return vs Market: VPBN underperformed the Swiss Market which returned 2.3% over the past year.
Price Volatility Vs. Market
How volatile is VP Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StShareholders Of VP Bank (VTX:VPBN) Must Be Happy With Their 73% Return
1 month ago | Simply Wall StDo Institutions Own VP Bank AG (VTX:VPBN) Shares?
2 months ago | Simply Wall StWhat Makes VP Bank AG (VTX:VPBN) A Great Dividend Stock?
Is VP Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VPBN (CHF107.4) is trading below our estimate of fair value (CHF131.88)
Significantly Below Fair Value: VPBN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VPBN is good value based on its PE Ratio (12.2x) compared to the CH Capital Markets industry average (15.5x).
PE vs Market: VPBN is good value based on its PE Ratio (12.2x) compared to the Swiss market (22x).
Price to Earnings Growth Ratio
PEG Ratio: VPBN is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: VPBN is good value based on its PB Ratio (0.7x) compared to the CH Capital Markets industry average (1x).
How is VP Bank forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VPBN's forecast earnings growth (14% per year) is above the savings rate (-0.2%).
Earnings vs Market: VPBN's earnings (14% per year) are forecast to grow faster than the Swiss market (11.4% per year).
High Growth Earnings: VPBN's earnings are forecast to grow, but not significantly.
Revenue vs Market: VPBN's revenue (2% per year) is forecast to grow slower than the Swiss market (4.6% per year).
High Growth Revenue: VPBN's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VPBN's Return on Equity is forecast to be low in 3 years time (6.5%).
How has VP Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VPBN has a large one-off loss of CHF20.0M impacting its June 30 2020 financial results.
Growing Profit Margin: VPBN's current net profit margins (15.7%) are lower than last year (18.9%).
Past Earnings Growth Analysis
Earnings Trend: VPBN's earnings have grown by 2.8% per year over the past 5 years.
Accelerating Growth: VPBN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VPBN had negative earnings growth (-13.5%) over the past year, making it difficult to compare to the Capital Markets industry average (12.2%).
Return on Equity
High ROE: VPBN's Return on Equity (5.3%) is considered low.
How is VP Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: VPBN's Assets to Equity ratio (13.8x) is moderate.
Allowance for Bad Loans: VPBN has a low allowance for bad loans (69%).
Low Risk Liabilities: 92% of VPBN's liabilities are made up of primarily low risk sources of funding.
Loan Level: VPBN has an appropriate level of Loans to Assets ratio (45%).
Low Risk Deposits: VPBN's Loans to Deposits ratio (52%) is appropriate.
Level of Bad Loans: VPBN has an appropriate level of bad loans (0.8%).
What is VP Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VPBN's dividend (5.12%) is higher than the bottom 25% of dividend payers in the Swiss market (1.88%).
High Dividend: VPBN's dividend (5.12%) is in the top 25% of dividend payers in the Swiss market (3.69%)
Stability and Growth of Payments
Stable Dividend: VPBN's dividend payments have been volatile in the past 10 years.
Growing Dividend: VPBN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.7%), VPBN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VPBN's dividends in 3 years are forecast to be covered by earnings (53% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Arni (56 yo)
Mr. Paul H. Arni has been Chief Executive Officer and Member of Executive Board at VP Bank AG since October 1, 2019. Mr. Arni serves as the Managing Director and Chief Operating Officer of Private Banking ...
|CEO & Member of Executive Board||1yr||no data||no data|
|COO & Member of Executive Board||2.42yrs||no data||no data|
|Head of Group Compliance||no data||no data||no data|
|Head of Corporate Communications||no data||no data||no data|
|Head of Group Communications & Marketing||1.75yrs||no data||no data|
|Head of Group Human Resources||2.58yrs||no data||no data|
|Head of IGT Intergestions Trust Reg||no data||no data||no data|
|Head of Hong Kong Representative Office and MD of VP Wealth Management (Hong Kong) Ltd||no data||no data||no data|
|Head of Group Internal Audit||no data||no data||no data|
|Head of Private Banking||no data||no data||no data|
|Head of Group Information Technology||no data||no data||no data|
|Head of VP Fund Solutions (Luxembourg) SA||no data||no data||no data|
Experienced Management: VPBN's management team is considered experienced (2.1 years average tenure).
|Vice Chairman of the Board||4.75yrs||CHF130.00k||no data|
|Chairman Emeritus||24.75yrs||no data||no data|
|Chairman of the Board||0.50yr||CHF190.00k||no data|
|Director||0.50yr||no data||no data|
Experienced Board: VPBN's board of directors are considered experienced (4.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
VP Bank AG's company bio, employee growth, exchange listings and data sources
- Name: VP Bank AG
- Ticker: VPBN
- Exchange: SWX
- Founded: 1956
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: CHF649.304m
- Shares outstanding: 6.05m
- Website: https://www.vpbank.com
Number of Employees
- VP Bank AG
- Aeulestrasse 6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|0RG7||LSE (London Stock Exchange)||Bearer Shares||GB||CHF||Jan 1992|
|VPBN||SWX (SIX Swiss Exchange)||Yes||Class A Registered Shares||CH||CHF||May 2000|
|3VFN||DB (Deutsche Boerse AG)||Yes||Class A Registered Shares||DE||EUR||May 2000|
|VUPP.F||OTCPK (Pink Sheets LLC)||Yes||Class A Registered Shares||US||USD||May 2000|
VP Bank AG, together with its subsidiaries, provides asset-management and investment-advisory services for private and institutional investors, and financial intermediaries in Liechtenstein, Switzerland, r ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/20 20:50|
|End of Day Share Price||2020/10/20 00:00|
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.