Helvetia Holding AG

SWX:HELN Stock Report

Market Cap: CHF 10.6b

Helvetia Holding Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Discounted Cash Flow
Simply Wall St
CHF 242.06
Fair Value
17.9% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: HELN (CHF198.7) is trading below our estimate of fair value (CHF242.06)

Significantly Below Fair Value: HELN is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HELN. This is calculated by dividing HELN's market cap by their current earnings.
What is HELN's PE Ratio?
PE Ratio19.5x
EarningsCHF 539.42m
Market CapCHF 10.59b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HELN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.4x
BALN Baloise Holding
23.7x6.36%CHF 9.2b
VAHN Vaudoise Assurances Holding
12.2xn/aCHF 1.8b
ZURN Zurich Insurance Group
17.4x6.34%CHF 82.4b
SLHN Swiss Life Holding
20x6.47%CHF 24.0b
HELN Helvetia Holding
19.5x5.63%CHF 10.6b

Price-To-Earnings vs Peers: HELN is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the peer average (18.4x).

Price to Earnings Ratio vs Industry

How does HELN's PE Ratio compare vs other companies in the European Insurance Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HELN 19.5xIndustry Avg. 12.7xNo. of Companies19PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HELN is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the European Insurance industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is HELN'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.

HELN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.5x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: HELN is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

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 HELN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 198.70
CHF 208.00
+4.68%
10.89%CHF 229.00CHF 170.00n/a4
Aug ’26CHF 196.30
CHF 200.20
+1.99%
12.78%CHF 229.00CHF 169.00n/a5
Jul ’26CHF 187.90
CHF 200.20
+6.55%
12.78%CHF 229.00CHF 169.00n/a5
Jun ’26CHF 194.80
CHF 178.50
-8.37%
13.83%CHF 220.00CHF 155.00n/a4
May ’26CHF 181.30
CHF 178.50
-1.54%
13.83%CHF 220.00CHF 155.00n/a4
Apr ’26CHF 184.70
CHF 154.40
-16.40%
11.38%CHF 175.00CHF 125.00n/a5
Mar ’26CHF 168.80
CHF 151.40
-10.31%
9.82%CHF 169.00CHF 125.00n/a5
Feb ’26CHF 159.50
CHF 150.40
-5.71%
9.81%CHF 169.00CHF 125.00n/a5
Jan ’26CHF 149.40
CHF 146.20
-2.14%
7.86%CHF 160.00CHF 125.00n/a5
Dec ’25CHF 154.40
CHF 148.20
-4.02%
9.62%CHF 170.00CHF 125.00n/a5
Nov ’25CHF 147.80
CHF 139.40
-5.68%
15.74%CHF 170.00CHF 106.00n/a5
Oct ’25CHF 146.50
CHF 137.25
-6.31%
17.53%CHF 170.00CHF 106.00n/a4
Sep ’25CHF 134.30
CHF 115.50
-14.00%
8.23%CHF 125.00CHF 106.00CHF 200.602
Aug ’25CHF 131.20
CHF 115.50
-11.97%
8.23%CHF 125.00CHF 106.00CHF 196.302
Jul ’25CHF 123.30
CHF 110.67
-10.25%
9.34%CHF 125.00CHF 101.00CHF 187.903
Jun ’25CHF 121.10
CHF 110.67
-8.62%
9.34%CHF 125.00CHF 101.00CHF 194.803
May ’25CHF 120.30
CHF 110.67
-8.01%
9.34%CHF 125.00CHF 101.00CHF 181.303
Apr ’25CHF 124.30
CHF 110.67
-10.97%
9.34%CHF 125.00CHF 101.00CHF 184.703
Mar ’25CHF 125.80
CHF 111.00
-11.76%
9.04%CHF 125.00CHF 102.00CHF 168.803
Feb ’25CHF 125.20
CHF 111.00
-11.34%
9.04%CHF 125.00CHF 102.00CHF 159.503
Jan ’25CHF 115.90
CHF 111.00
-4.23%
9.04%CHF 125.00CHF 102.00CHF 149.403
Dec ’24CHF 119.60
CHF 114.33
-4.40%
12.86%CHF 135.00CHF 102.00CHF 154.403
Nov ’24CHF 123.40
CHF 110.93
-10.10%
15.98%CHF 135.00CHF 92.80CHF 147.803
Oct ’24CHF 128.40
CHF 115.27
-10.23%
15.04%CHF 135.00CHF 92.80CHF 146.503
Sep ’24CHF 135.20
CHF 115.27
-14.74%
15.04%CHF 135.00CHF 92.80CHF 134.303
AnalystConsensusTarget
Consensus Narrative from 4 Analysts
CHF 208.00
Fair Value
4.5% undervalued intrinsic discount
4
Number of Analysts

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 Analysis2025/09/05 17:30
End of Day Share Price 2025/09/05 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Helvetia Holding AG is covered by 18 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dieter HeinAlphaValue
Daniel BischofBaader Helvea Equity Research
Stefan SchürmannBank Vontobel AG