Helvetia Holding AG

SWX:HELN Stock Report

Market Cap: CHF 7.0b

Helvetia Holding Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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.

Below Fair Value: HELN (CHF133.4) is trading below our estimate of fair value (CHF187.05)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HELN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA15x
PEG Ratio1.2x

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 Average18.7x
BALN Bâloise Holding
30.3x19.9%CHF 7.3b
VAHN Vaudoise Assurances Holding
9.8xn/aCHF 1.3b
ZURN Zurich Insurance Group
17x7.3%CHF 70.4b
SLHN Swiss Life Holding
17.5x-0.3%CHF 19.0b
HELN Helvetia Holding
25.5x20.5%CHF 7.0b

Price-To-Earnings vs Peers: HELN is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (18.7x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.3%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.3%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: HELN is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the European Insurance industry average (11x).

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 Ratio25.5x
Fair PE Ratio20.6x

Price-To-Earnings vs Fair Ratio: HELN is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.6x).

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 133.40
CHF 115.50
-13.4%
8.2%CHF 125.00CHF 106.00n/a2
Aug ’25CHF 131.20
CHF 115.50
-12.0%
8.2%CHF 125.00CHF 106.00n/a2
Jul ’25CHF 123.30
CHF 110.67
-10.2%
9.3%CHF 125.00CHF 101.00n/a3
Jun ’25CHF 121.10
CHF 110.67
-8.6%
9.3%CHF 125.00CHF 101.00n/a3
May ’25CHF 120.30
CHF 110.67
-8.0%
9.3%CHF 125.00CHF 101.00n/a3
Apr ’25CHF 124.30
CHF 110.67
-11.0%
9.3%CHF 125.00CHF 101.00n/a3
Mar ’25CHF 125.80
CHF 111.00
-11.8%
9.0%CHF 125.00CHF 102.00n/a3
Feb ’25CHF 125.20
CHF 111.00
-11.3%
9.0%CHF 125.00CHF 102.00n/a3
Jan ’25CHF 115.90
CHF 111.00
-4.2%
9.0%CHF 125.00CHF 102.00n/a3
Dec ’24CHF 119.60
CHF 114.33
-4.4%
12.9%CHF 135.00CHF 102.00n/a3
Nov ’24CHF 123.40
CHF 110.93
-10.1%
16.0%CHF 135.00CHF 92.80n/a3
Oct ’24CHF 128.40
CHF 115.27
-10.2%
15.0%CHF 135.00CHF 92.80n/a3
Sep ’24CHF 135.20
CHF 115.27
-14.7%
15.0%CHF 135.00CHF 92.80n/a3
Aug ’24CHF 128.80
CHF 115.27
-10.5%
15.0%CHF 135.00CHF 92.80CHF 131.203
Jul ’24CHF 121.00
CHF 115.27
-4.7%
15.0%CHF 135.00CHF 92.80CHF 123.303
Jun ’24CHF 124.40
CHF 115.33
-7.3%
15.0%CHF 135.00CHF 93.00CHF 121.103
May ’24CHF 133.10
CHF 110.67
-16.9%
11.3%CHF 121.00CHF 93.00CHF 120.303
Apr ’24CHF 127.40
CHF 110.67
-13.1%
11.3%CHF 121.00CHF 93.00CHF 124.303
Mar ’24CHF 120.50
CHF 104.67
-13.1%
11.4%CHF 121.00CHF 93.00CHF 125.803
Feb ’24CHF 113.80
CHF 104.67
-8.0%
11.4%CHF 121.00CHF 93.00CHF 125.203
Jan ’24CHF 107.80
CHF 100.00
-7.2%
5.7%CHF 107.00CHF 93.00CHF 115.903
Dec ’23CHF 106.70
CHF 103.50
-3.0%
3.4%CHF 107.00CHF 100.00CHF 119.602
Nov ’23CHF 99.60
CHF 103.50
+3.9%
3.4%CHF 107.00CHF 100.00CHF 123.402
Oct ’23CHF 92.90
CHF 103.50
+11.4%
3.4%CHF 107.00CHF 100.00CHF 128.402
Sep ’23CHF 105.70
CHF 108.00
+2.2%
3.7%CHF 112.00CHF 104.00CHF 135.202
Aug ’23CHF 108.60
CHF 112.00
+3.1%
7.1%CHF 120.00CHF 104.00CHF 128.802

Analyst Forecast: Target price is lower than the current share price.

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