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SLHN

Swiss Life HoldingSWX:SLHN Stock Report

Last Price

CHF576.20

Market Cap

CHF18.0b

7D

-5.1%

1Y

35.2%

Updated

23 Jan, 2022

Data

Company Financials +
SLHN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends6/6

SLHN Stock Overview

Swiss Life Holding AG provides life insurance, risk, pensions, and financial solutions for private and corporate clients.

Swiss Life Holding Competitors

Allianz

XTRA:ALV

€90.6b

BNP Paribas

ENXTPA:BNP

€76.8b

AXA

ENXTPA:CS

€65.8b

Zurich Insurance Group

SWX:ZURN

CHF64.3b

Price History & Performance

Summary of all time highs, changes and price drops for Swiss Life Holding
Historical stock prices
Current Share PriceCHF576.20
52 Week HighCHF612.00
52 Week LowCHF402.50
Beta1.21
1 Month Change3.48%
3 Month Change17.95%
1 Year Change35.23%
3 Year Change39.75%
5 Year Change91.56%
Change since IPO-2.17%

Recent News & Updates

Mar 17
Should Swiss Life Holding AG (VTX:SLHN) Be Part Of Your Dividend Portfolio?

Should Swiss Life Holding AG (VTX:SLHN) Be Part Of Your Dividend Portfolio?

Dividend paying stocks like Swiss Life Holding AG ( VTX:SLHN ) tend to be popular with investors, and for good reason...

Shareholder Returns

SLHNCH InsuranceCH Market
7D-5.1%-1.0%-1.3%
1Y35.2%18.9%12.8%

Return vs Industry: SLHN exceeded the Swiss Insurance industry which returned 18.9% over the past year.

Return vs Market: SLHN exceeded the Swiss Market which returned 12.8% over the past year.

Price Volatility

Is SLHN's price volatile compared to industry and market?
SLHN volatility
SLHN Average Weekly Movement2.6%
Insurance Industry Average Movement2.4%
Market Average Movement3.9%
10% most volatile stocks in CH Market6.9%
10% least volatile stocks in CH Market2.0%

Stable Share Price: SLHN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
18579,574Patrick Frosthttps://www.swisslife.com

Swiss Life Holding AG provides life insurance, risk, pensions, and financial solutions for private and corporate clients. It operates through Switzerland, France, Germany, International, and Asset Managers segments. The company offers a range of life, pension, health, annuity, and investment-type policies to groups and individuals, as well as disability coverage.

Swiss Life Holding Fundamentals Summary

How do Swiss Life Holding's earnings and revenue compare to its market cap?
SLHN fundamental statistics
Market CapCHF18.04b
Earnings (TTM)CHF1.13b
Revenue (TTM)CHF21.12b

16.0x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SLHN income statement (TTM)
RevenueCHF21.12b
Cost of RevenueCHF16.99b
Gross ProfitCHF4.13b
ExpensesCHF3.00b
EarningsCHF1.13b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Mar 01, 2022

Earnings per share (EPS)35.96
Gross Margin19.54%
Net Profit Margin5.33%
Debt/Equity Ratio29.6%

How did SLHN perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

59%

Payout Ratio

Valuation

Is Swiss Life 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: SLHN (CHF576.2) is trading below our estimate of fair value (CHF1451.34)

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


Price To Earnings Ratio

PE vs Industry: SLHN is poor value based on its PE Ratio (16x) compared to the Swiss Insurance industry average (13.7x).

PE vs Market: SLHN is good value based on its PE Ratio (16x) compared to the Swiss market (20.3x).


Price to Earnings Growth Ratio

PEG Ratio: SLHN is poor value based on its PEG Ratio (4.1x)


Price to Book Ratio

PB vs Industry: SLHN's PB Ratio (1.1x) is in line with the CH Insurance industry average.


Future Growth

How is Swiss Life Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

3.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SLHN's forecast earnings growth (3.9% per year) is above the savings rate (-0.3%).

Earnings vs Market: SLHN's earnings (3.9% per year) are forecast to grow slower than the Swiss market (6.8% per year).

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

Revenue vs Market: SLHN's revenue (5.1% per year) is forecast to grow faster than the Swiss market (4.9% per year).

High Growth Revenue: SLHN's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SLHN's Return on Equity is forecast to be low in 3 years time (9.9%).


Past Performance

How has Swiss Life Holding performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SLHN has high quality earnings.

Growing Profit Margin: SLHN's current net profit margins (5.3%) are higher than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: SLHN's earnings have grown by 4.7% per year over the past 5 years.

Accelerating Growth: SLHN's earnings growth over the past year (0.8%) is below its 5-year average (4.7% per year).

Earnings vs Industry: SLHN earnings growth over the past year (0.8%) underperformed the Insurance industry 17.2%.


Return on Equity

High ROE: SLHN's Return on Equity (6.9%) is considered low.


Financial Health

How is Swiss Life Holding's financial position?


Financial Position Analysis

Short Term Liabilities: SLHN's short term assets (CHF66.2B) exceed its short term liabilities (CHF7.9B).

Long Term Liabilities: SLHN's short term assets (CHF66.2B) do not cover its long term liabilities (CHF215.9B).


Debt to Equity History and Analysis

Debt Level: SLHN has more cash than its total debt.

Reducing Debt: SLHN's debt to equity ratio has reduced from 41.3% to 29.6% over the past 5 years.

Debt Coverage: SLHN's debt is well covered by operating cash flow (22.9%).

Interest Coverage: SLHN's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Dividend

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

3.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SLHN's dividend (3.64%) is higher than the bottom 25% of dividend payers in the Swiss market (1.42%).

High Dividend: SLHN's dividend (3.64%) is in the top 25% of dividend payers in the Swiss market (3.63%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.6%), SLHN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SLHN's dividends in 3 years are forecast to be covered by earnings (59.3% payout ratio).


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Patrick Frost (53 yo)

15.5yrs

Tenure

CHF3,880,444

Compensation

Dr. Patrick Frost serves as Independent Non Executive Director at Roche Holding AG since March 17, 2020. Dr. Frost has been Chief Executive Officer of Swiss Life Holding AG and Swiss Life Group since July...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD4.25M) is about average for companies of similar size in the Swiss market ($USD5.49M).

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


Leadership Team

Experienced Management: SLHN's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: SLHN's board of directors are considered experienced (8.8 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 been diluted in the past year, with total shares outstanding growing by 3.4%.


Top Shareholders

Company Information

Swiss Life Holding AG's employee growth, exchange listings and data sources


Key Information

  • Name: Swiss Life Holding AG
  • Ticker: SLHN
  • Exchange: SWX
  • Founded: 1857
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Implied Market Cap: CHF18.040b
  • Shares outstanding: 31.31m
  • Website: https://www.swisslife.com

Number of Employees


Location

  • Swiss Life Holding AG
  • General-Guisan-Quai 40
  • PO Box 2831
  • Zurich
  • Zurich
  • 8022
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 18:02
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
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.