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Market Cap

CHF6.8b

Last Updated

2021/05/13 01:46 UTC

Data Sources

Company Financials +

Executive Summary

Bâloise Holding AG, together with its subsidiaries, primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, Luxembourg. More Details


Snowflake Analysis

6 star dividend payer and fair value.


Similar Companies

Share Price & News

How has Bâloise Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BALN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BALN's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0%

BALN

-0.3%

CH Insurance

-1.1%

CH Market


1 Year Return

18.3%

BALN

37.9%

CH Insurance

17.0%

CH Market

Return vs Industry: BALN underperformed the Swiss Insurance industry which returned 37.9% over the past year.

Return vs Market: BALN exceeded the Swiss Market which returned 17% over the past year.


Shareholder returns

BALNIndustryMarket
7 Day0%-0.3%-1.1%
30 Day-7.7%-2.5%-1.6%
90 Day-3.3%2.6%1.9%
1 Year23.4%18.3%45.6%37.9%20.6%17.0%
3 Year9.3%-3.2%29.3%9.2%28.6%13.9%
5 Year54.5%27.3%81.6%38.1%59.8%30.4%

Long-Term Price Volatility Vs. Market

How volatile is Bâloise Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bâloise Holding undervalued compared to its fair value and its price relative to the market?

43.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BALN (CHF149.9) is trading below our estimate of fair value (CHF263.14)

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


Price To Earnings Ratio

PE vs Industry: BALN's PE Ratio (15.5x) is in line with the Swiss Insurance industry average.

PE vs Market: BALN is good value based on its PE Ratio (15.5x) compared to the Swiss market (24.2x).


Price to Earnings Growth Ratio

PEG Ratio: BALN is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: BALN's PB Ratio (1x) is in line with the CH Insurance industry average.


Future Growth

How is Bâloise Holding forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BALN's forecast earnings growth (4.5% per year) is above the savings rate (-0.3%).

Earnings vs Market: BALN's earnings (4.5% per year) are forecast to grow slower than the Swiss market (12.8% per year).

High Growth Earnings: BALN's earnings are forecast to grow, but not significantly.

Revenue vs Market: BALN's revenue is expected to decline over the next 3 years (-9.3% per year).

High Growth Revenue: BALN's revenue is forecast to decline over the next 3 years (-9.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BALN's Return on Equity is forecast to be low in 3 years time (7.9%).


Past Performance

How has Bâloise Holding performed over the past 5 years?

0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BALN has high quality earnings.

Growing Profit Margin: BALN's current net profit margins (5.1%) are lower than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: BALN's earnings have grown by 0.8% per year over the past 5 years.

Accelerating Growth: BALN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BALN had negative earnings growth (-37.3%) over the past year, making it difficult to compare to the Insurance industry average (-12.7%).


Return on Equity

High ROE: BALN's Return on Equity (6.1%) is considered low.


Financial Health

How is Bâloise Holding's financial position?


Financial Position Analysis

Short Term Liabilities: BALN's short term assets (CHF22.5B) exceed its short term liabilities (CHF10.0B).

Long Term Liabilities: BALN's short term assets (CHF22.5B) do not cover its long term liabilities (CHF71.3B).


Debt to Equity History and Analysis

Debt Level: BALN's debt to equity ratio (69.9%) is considered high.

Reducing Debt: BALN's debt to equity ratio has reduced from 83.8% to 69.9% over the past 5 years.

Debt Coverage: BALN's debt is not well covered by operating cash flow (1.7%).

Interest Coverage: BALN's interest payments on its debt are well covered by EBIT (13x coverage).


Balance Sheet


Dividend

What is Bâloise Holding current dividend yield, its reliability and sustainability?

4.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BALN's dividend (4.27%) is higher than the bottom 25% of dividend payers in the Swiss market (1.56%).

High Dividend: BALN's dividend (4.27%) is in the top 25% of dividend payers in the Swiss market (3.61%)


Stability and Growth of Payments

Stable Dividend: BALN's dividends per share have been stable in the past 10 years.

Growing Dividend: BALN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.4%), BALN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BALN's dividends in 3 years are forecast to be covered by earnings (57.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Gert Winter (54 yo)

5.33yrs

Tenure

CHF2,039,600

Compensation

Mr. Gert De Winter, M.Sc., has been Group Chief Executive Officer of Bâloise Holding AG since January 1, 2016. He performed various roles at Accenture in Brussels for issues relating to IT and business tra...


CEO Compensation Analysis

Compensation vs Market: Gert's total compensation ($USD2.24M) is about average for companies of similar size in the Swiss market ($USD2.14M).

Compensation vs Earnings: Gert's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BALN's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: BALN's board of directors are considered experienced (3.1 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

Bâloise Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bâloise Holding AG
  • Ticker: BALN
  • Exchange: SWX
  • Founded: 1863
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: CHF6.753b
  • Shares outstanding: 45.05m
  • Website: https://www.baloise.com

Number of Employees


Location

  • Bâloise Holding AG
  • Aeschengraben 21
  • Basel
  • Basel-Stadt
  • 4002
  • Switzerland

Listings


Biography

Bâloise Holding AG, together with its subsidiaries, primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, Luxembourg. It operates through Non-Life, Life, Asset Managem...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/13 01:46
End of Day Share Price2021/05/12 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.