Helvetia Holding
Market Cap
CHF4.0b
Last Updated
2020/04/02 20:45 UTC
Data Sources
Company Financials +
Executive Summary
Helvetia Holding AG, through its subsidiaries, provides life and non-life insurance, and reinsurance products in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -0.3% per year for the next 3 years
Snowflake Analysis
6 star dividend payer and undervalued.
Similar Companies
Share Price & News
How has Helvetia Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HELN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.6%
HELN
-1.4%
CH Insurance
1.4%
CH Market
1 Year Return
-35.1%
HELN
-15.8%
CH Insurance
-5.2%
CH Market
Return vs Industry: HELN underperformed the Swiss Insurance industry which returned -16.2% over the past year.
Return vs Market: HELN underperformed the Swiss Market which returned -5.4% over the past year.
Shareholder returns
| HELN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | -1.4% | 1.4% |
| 30 Day | -38.3% | -20.7% | -9.0% |
| 90 Day | -41.6% | -26.4% | -13.7% |
| 1 Year | -32.5%-35.1% | -8.9%-15.8% | -0.3%-5.2% |
| 3 Year | -17.2%-26.3% | 18.8%1.7% | 15.5%3.7% |
| 5 Year | -10.2%-25.5% | 27.0%-4.0% | 16.5%-2.6% |
Price Volatility Vs. Market
How volatile is Helvetia Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Should You Be Pleased About The CEO Pay At Helvetia Holding AG's (VTX:HELN)3 weeks ago | Simply Wall St
Did Helvetia Holding AG's (VTX:HELN) Recent Earnings Growth Beat The Trend?1 month ago | Simply Wall St
What Makes Helvetia Holding AG (VTX:HELN) A Great Dividend Stock?Valuation
Is Helvetia Holding undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HELN (CHF80.6) is trading below our estimate of fair value (CHF244.37)
Significantly Below Fair Value: HELN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HELN is good value based on its PE Ratio (7.7x) compared to the Insurance industry average (9.5x).
PE vs Market: HELN is good value based on its PE Ratio (7.7x) compared to the Swiss market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: HELN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HELN is good value based on its PB Ratio (0.7x) compared to the CH Insurance industry average (0.7x).
Next Steps
Future Growth
How is Helvetia Holding forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-0.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HELN's forecast earnings growth (-0.3% per year) is above the savings rate (-0.6%).
Earnings vs Market: HELN's earnings are forecast to decline over the next 3 years (-0.3% per year).
High Growth Earnings: HELN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HELN's revenue (2.9% per year) is forecast to grow faster than the Swiss market (2.3% per year).
High Growth Revenue: HELN's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HELN's Return on Equity is forecast to be low in 3 years time (8.4%).
Next Steps
Past Performance
How has Helvetia Holding performed over the past 5 years?
8.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HELN has high quality earnings.
Growing Profit Margin: HELN's current net profit margins (5%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: HELN's earnings have grown by 8.9% per year over the past 5 years.
Accelerating Growth: HELN's earnings growth over the past year (25.6%) exceeds its 5-year average (8.9% per year).
Earnings vs Industry: HELN earnings growth over the past year (25.6%) exceeded the Insurance industry 18.6%.
Return on Equity
High ROE: HELN's Return on Equity (8.2%) is considered low.
Next Steps
Financial Health
How is Helvetia Holding's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: HELN has a low level of unsold assets or inventory.
Debt Coverage by Assets: HELN's debt is covered by short term assets (assets are 3.9x debt).
Financial Institutions Analysis
Asset Level: HELN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if HELN has a sufficient allowance for bad loans.
Low Risk Liabilities: HELN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if HELN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HELN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if HELN has an appropriate level of bad loans.
Next Steps
Dividend
What is Helvetia Holding's current dividend yield, its reliability and sustainability?
6.20%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: HELN's dividend (6.2%) is higher than the bottom 25% of dividend payers in the Swiss market (2.11%).
High Dividend: HELN's dividend (6.2%) is in the top 25% of dividend payers in the Swiss market (4.29%)
Stability and Growth of Payments
Stable Dividend: HELN's dividends per share have been stable in the past 10 years.
Growing Dividend: HELN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.5%), HELN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HELN's dividends in 3 years are forecast to be covered by earnings (54.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Philipp Gmür (56yo)
3.58s
Tenure
CHF2,265,933
Compensation
Mr. Philipp Gmür serves as Chief Executive Officer of Helvetia Schweizerische Versicherungsgesellschaft AG. He is a Director of Allreal Holding AG since April 12, 2019. He serves as Chief Executive Officer ...
CEO Compensation Analysis
Compensation vs Market: Philipp's total compensation ($USD2.33M) is about average for companies of similar size in the Swiss market ($USD2.08M).
Compensation vs Earnings: Philipp's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3.58yrs | CHF2.27m | 0.042% CHF1.7m | |
| Chief Financial Officer | 12.75yrs | no data | 0.015% CHF596.3k | |
| Chief Investment Officer | 1yr | no data | no data | |
| Head of IT & Group CTO | 3yrs | no data | 0.0020% CHF80.5k | |
| Head of Investor Relations | no data | no data | no data | |
| Head of Corporate Communications & PR | no data | no data | no data | |
| Head of Corporate Development | no data | no data | no data | |
| Group Human Resources | no data | no data | no data | |
| Head of Ocupational Pensions Switzerland | 3.25yrs | no data | 0.029% CHF1.1m | |
| Chief Executive Officer of Europe | 5.25yrs | no data | 0.0099% CHF396.2k |
3.4yrs
Average Tenure
58yo
Average Age
Experienced Management: HELN's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non Executive Independent Director | 5.5yrs | CHF227.53k | 0.0091% CHF361.6k | |
| Non Executive Independent Director | 13.58yrs | CHF227.53k | 0.0086% CHF342.8k | |
| Non Executive Vice Chairman | 2yrs | CHF260.34k | 0.0013% CHF51.4k | |
| Non Executive Independent Vice-Chairman of the Board | 5.25yrs | CHF294.87k | 0.0051% CHF204.9k | |
| Non Executive Independent Director | 3yrs | CHF241.35k | 0.0025% CHF100.5k | |
| Non Executive Independent Director | 5.5yrs | CHF248.25k | 0.0059% CHF236.4k | |
| Non Executive Independent Chairwoman of the Board | 2.33yrs | CHF724.75k | 0.019% CHF769.0k | |
| Non Executive Independent Director | 2yrs | CHF213.72k | 0.0025% CHF100.9k | |
| Non Executive Director | 8.92yrs | CHF144.66k | 0.0039% CHF155.1k | |
| Non Executive Independent Director | 2yrs | CHF213.72k | 0.0014% CHF54.2k |
4.1yrs
Average Tenure
57.5yo
Average Age
Experienced Board: HELN's board of directors are considered experienced (4.1 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
Helvetia Holding AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Helvetia Holding AG
- Ticker: HELN
- Exchange: SWX
- Founded: 1858
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: CHF3.986b
- Shares outstanding: 49.46m
- Website: https://www.helvetia.com
Number of Employees
Location
- Helvetia Holding AG
- Dufourstrasse 40
- Sankt Gallen
- St. Gallen
- 9001
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HELN | SWX (SIX Swiss Exchange) | Yes | Registered Shares | CH | CHF | Jul 1996 |
| HVXA | DB (Deutsche Boerse AG) | Yes | Registered Shares | DE | EUR | Jul 1996 |
| HLVT.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Aug 2017 |
Biography
Helvetia Holding AG, through its subsidiaries, provides life and non-life insurance, and reinsurance products in Switzerland, Germany, Austria, Spain, Italy, France, and internationally. It offers life insurance, pension plans, and annuity insurance products; and non-life insurance products, such as property, motor vehicle, liability, transport, art, health, and accident insurance. The company was founded in 1858 and is headquartered in Sankt Gallen, Switzerland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 20:45 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.