Helvetia Holding
Market Cap
CHF6.3b
Last Updated
2019/08/25 20:52 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.
Snowflake
Fundamentals
Established dividend payer with proven track record.
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
Market Performance
7 Day Return
3.2%
SWX:HELN
0.5%
CH Insurance
0.4%
CH Market
1 Year Return
8.7%
SWX:HELN
17.2%
CH Insurance
2.3%
CH Market
HELN underperformed the Insurance industry which returned 17.2% over the past year.
HELN outperformed the Market in Switzerland which returned 2.3% over the past year.
Share holder returns
| HELN | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 0.5% | 0.4% |
| 30 Day | 1.7% | 0.1% | -1.2% |
| 90 Day | 5.8% | 4.7% | 1.0% |
| 1 Year | 13.0%8.7% | 23.4%17.2% | 7.6%2.3% |
| 3 Year | 47.5%31.3% | 64.7%40.8% | 29.6%13.2% |
| 5 Year | 69.4%40.5% | 80.2%37.0% | 32.1%11.6% |
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
1 week ago | Simply Wall St
Should You Buy Helvetia Holding AG (VTX:HELN) For Its Dividend?2 weeks ago | Simply Wall St
Should Helvetia Holding AG (VTX:HELN) Be Your Next Stock Pick?1 month ago | Simply Wall St
What Are Analysts Saying About Helvetia Holding AG's (VTX:HELN) Long Term Outlook?Valuation
Is Helvetia Holding undervalued based on future cash flows and its price relative to the stock market?
32%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Helvetia Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
Helvetia Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Helvetia Holding is overvalued based on earnings compared to the CH Insurance industry average.
Helvetia Holding is good value based on earnings compared to the Switzerland market.
Price Based on Expected Growth
Helvetia Holding is poor value based on expected growth next year.
Price Based on Value of Assets
Helvetia Holding is overvalued based on assets compared to the CH Insurance industry average.
Next Steps
Future Growth
How is Helvetia Holding expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
8.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Helvetia Holding's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
Helvetia Holding's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
Helvetia Holding's revenue growth is positive but not above the Switzerland market average.
Helvetia Holding's earnings growth is positive but not above the Switzerland market average.
Helvetia Holding's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Earnings per Share Growth Estimates
Future Return on Equity
Helvetia Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Helvetia Holding performed over the past 5 years?
3.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Helvetia Holding's year on year earnings growth rate has been positive over the past 5 years.
Helvetia Holding's 1-year earnings growth exceeds its 5-year average (7% vs 3%)
Helvetia Holding's earnings growth has not exceeded the CH Insurance industry average in the past year (7% vs 7.8%).
Return on Equity
Helvetia Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Helvetia Holding used its assets more efficiently than the CH Insurance industry average last year based on Return on Assets.
Return on Capital Employed
Helvetia Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Helvetia Holding's financial position?
Financial Position Analysis
Helvetia Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Helvetia Holding's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Helvetia Holding's level of debt (27.9%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has increased over the past 5 years (6% vs 27.9% today).
Debt is not well covered by operating cash flow (18.4%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 11.9x coverage).
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 3x debt.
Next Steps
Dividend
What is Helvetia Holding's current dividend yield, its reliability and sustainability?
4.06%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Helvetia Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (2%).
Helvetia Holding's dividend is below the markets top 25% of dividend payers in Switzerland (3.86%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.7x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (2x coverage).
Next Steps
Management
What is the CEO of Helvetia Holding's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Philipp Gmür (56yo)
2.9yrs
Tenure
CHF2,192,749
Compensation
Mr. Philipp Gmür serves as Chief Executive Officer of Helvetia Schweizerische Versicherungsgesellschaft AG. He is a Director of Allreal Holding AG since 2019. He serves as Chief Executive Officer (Group CE ...
CEO Compensation Analysis
Philipp's remuneration is about average for companies of similar size in Switzerland.
Philipp's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
2.8yrs
Average Tenure
58yo
Average Age
The tenure for the Helvetia Holding management team is about average.
Board Age and Tenure
3.5yrs
Average Tenure
57.5yo
Average Age
The tenure for the Helvetia Holding board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Philipp Gmür (56yo)
Chief Executive Officer
- Tenure: 2.9yrs
- Compensation: CHF2.19m
Donald Desax (60yo)
Head of Ocupational Pensions Switzerland
- Tenure: 2.6yrs
Roland Bentele (58yo)
Group Human Resources
- Tenure: 0.0yrs
Markus Gemperle (58yo)
Chief Executive Officer of Europe
- Tenure: 4.6yrs
Paul Norton (58yo)
Chief Financial Officer
- Tenure: 12.1yrs
Susanne Tengler
Head of Investor Relations
- Tenure: 0.0yrs
Achim Baumstark (55yo)
Head of IT & Group CTO
- Tenure: 2.3yrs
Claudia Sauter
Head of Corporate Communications & PR
- Tenure: 0.0yrs
André Keller
Chief Investment Officer
- Tenure: 0.3yrs
Martin Tschopp
Head of Corporate Development
- Tenure: 0.0yrs
Board Members
Andreas von Planta (64yo)
Director
- Tenure: 4.8yrs
- Compensation: CHF209.38k
Christoph Lechner (52yo)
Director
- Tenure: 12.9yrs
- Compensation: CHF209.38k
Thomas Schmuckli-Grob (56yo)
Vice Chairman
- Tenure: 1.3yrs
- Compensation: CHF158.68k
Hans Künzle (58yo)
Vice-Chairman of the Board
- Tenure: 4.6yrs
- Compensation: CHF270.41k
Ivo Furrer (62yo)
Director
- Tenure: 2.3yrs
- Compensation: CHF209.38k
Gabriela Payer (57yo)
Director
- Tenure: 4.8yrs
- Compensation: CHF223.39k
Doris Schurter (63yo)
Chairwoman of the Board
- Tenure: 1.7yrs
- Compensation: CHF724.75k
Beat Fellmann (55yo)
Director
- Tenure: 1.3yrs
- Compensation: CHF127.60k
Jean-René Fournier (62yo)
Director
- Tenure: 8.3yrs
- Compensation: CHF144.12k
Regula Wallimann (52yo)
Director
- Tenure: 1.3yrs
- Compensation: CHF127.60k
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: CHF6.344b
- Shares outstanding: 49.45m
- 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 ins ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/25 20:52 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/12/31 |
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.