VZ Holding AG

SWX:VZN Stock Report

Market Cap: CHF 5.6b

VZ Holding Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: VZN (CHF142.4) is trading above our estimate of fair value (CHF133.78)

Significantly Below Fair Value: VZN is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VZN. This is calculated by dividing VZN's market cap by their current earnings.
What is VZN's PE Ratio?
PE Ratio27.7x
EarningsCHF 202.71m
Market CapCHF 5.62b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VZN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.9x
EFGN EFG International
12.9x6.4%CHF 3.9b
VONN Vontobel Holding
16.2x17.7%CHF 3.5b
BAER Julius Bär Gruppe
31.9x22.4%CHF 11.9b
PGHN Partners Group Holding
34.6x14.5%CHF 33.2b
VZN VZ Holding
27.7x6.3%CHF 5.6b

Price-To-Earnings vs Peers: VZN is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the peer average (23.9x).

Price to Earnings Ratio vs Industry

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

16 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VZN 27.7xIndustry Avg. 13.2xNo. of Companies39PE01224364860+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VZN is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the European Capital Markets industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is VZN'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.

VZN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.7x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: VZN is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).

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 VZN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 142.40
CHF 148.50
+4.3%
11.1%CHF 165.00CHF 132.00n/a2
Dec ’25CHF 145.80
CHF 148.50
+1.9%
11.1%CHF 165.00CHF 132.00n/a2
Nov ’25CHF 139.40
CHF 139.00
-0.3%
5.0%CHF 146.00CHF 132.00n/a2
Oct ’25CHF 133.80
CHF 139.00
+3.9%
5.0%CHF 146.00CHF 132.00n/a2
Sep ’25CHF 127.40
CHF 139.00
+9.1%
5.0%CHF 146.00CHF 132.00n/a2
Aug ’24CHF 81.00
CHF 98.00
+21.0%
9.2%CHF 107.00CHF 89.00CHF 118.602
Jul ’24CHF 82.20
CHF 98.00
+19.2%
9.2%CHF 107.00CHF 89.00CHF 116.402
Jun ’24CHF 77.30
CHF 98.00
+26.8%
9.2%CHF 107.00CHF 89.00CHF 112.002
May ’24CHF 83.00
CHF 98.00
+18.1%
9.2%CHF 107.00CHF 89.00CHF 106.202

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 06:38
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

VZ Holding AG is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerhard SchwarzBaader Helvea Equity Research
Joachim MathaBank am Bellevue
Torsten SauterBerenberg