NOT FOR DISTRIBUTION
Header cover image

Vaudoise Assurances Holding

Market Cap

CHF1.4b

Last Updated

2021/05/05 17:15 UTC

Data Sources

Company Financials

Executive Summary

Vaudoise Assurances Holding SA provides insurance products and services to individuals and SMEs primarily in Switzerland. More Details

Rewards

Trading at 58.4% below our estimate of its fair value

Pays a reliable dividend of 3.21%

Risk Analysis

No risks detected for VAHN from our risk checks.


Snowflake Analysis

Undervalued with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Vaudoise Assurances Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VAHN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: VAHN's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

2.7%

VAHN

-0.4%

CH Insurance

-0.3%

CH Market


1 Year Return

8.5%

VAHN

28.9%

CH Insurance

17.0%

CH Market

Return vs Industry: VAHN underperformed the Swiss Insurance industry which returned 27.5% over the past year.

Return vs Market: VAHN underperformed the Swiss Market which returned 15.7% over the past year.


Shareholder returns

VAHNIndustryMarket
7 Day2.7%-0.4%-0.3%
30 Day2.9%-7.3%-0.2%
90 Day5.7%1.7%3.1%
1 Year12.1%8.5%36.1%28.9%20.4%17.0%
3 Year-0.1%-5.8%27.3%7.6%29.7%14.8%
5 Year12.0%0.9%84.9%40.7%61.4%31.7%

Long-Term Price Volatility Vs. Market

How volatile is Vaudoise Assurances Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Vaudoise Assurances 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: VAHN (CHF499) is trading below our estimate of fair value (CHF1199.43)

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


Price To Earnings Ratio

PE vs Industry: VAHN is good value based on its PE Ratio (12x) compared to the CH Insurance industry average (15.4x).

PE vs Market: VAHN is good value based on its PE Ratio (12x) compared to the Swiss market (24.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VAHN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VAHN is good value based on its PB Ratio (0.7x) compared to the CH Insurance industry average (0.9x).


Future Growth

How is Vaudoise Assurances Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.8%

Forecasted Insurance industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Vaudoise Assurances Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Vaudoise Assurances Holding performed over the past 5 years?

1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VAHN has high quality earnings.

Growing Profit Margin: VAHN's current net profit margins (9.2%) are lower than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: VAHN's earnings have grown by 1.8% per year over the past 5 years.

Accelerating Growth: VAHN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VAHN had negative earnings growth (-8.3%) over the past year, making it difficult to compare to the Insurance industry average (-12.7%).


Return on Equity

High ROE: VAHN's Return on Equity (5.8%) is considered low.


Financial Health

How is Vaudoise Assurances Holding's financial position?


Financial Position Analysis

Short Term Liabilities: VAHN's short term assets (CHF273.1M) do not cover its short term liabilities (CHF1.9B).

Long Term Liabilities: VAHN's short term assets (CHF273.1M) do not cover its long term liabilities (CHF4.4B).


Debt to Equity History and Analysis

Debt Level: VAHN is debt free.

Reducing Debt: VAHN had no debt 5 years ago.

Debt Coverage: VAHN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: VAHN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Vaudoise Assurances Holding current dividend yield, its reliability and sustainability?

3.21%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 06 2021Ex Dividend DateMay 12 2021Dividend Pay DateMay 17 20215 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: VAHN's dividend (3.21%) is higher than the bottom 25% of dividend payers in the Swiss market (1.56%).

High Dividend: VAHN's dividend (3.21%) is low compared to the top 25% of dividend payers in the Swiss market (3.56%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.4%), VAHN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Jean-Daniel Laffely (55 yo)

1.33yrs

Tenure

Mr. Jean-Daniel Laffely serves as Director at MAPFRE RE, Compañía de Reaseguros, SA since January 2021. Mr. Laffely serves as Chief Executive Director and General Director at Vaudoise Assurances Holding SA...


Leadership Team

Experienced Management: VAHN's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: VAHN's board of directors are considered experienced (9 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

Vaudoise Assurances Holding SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vaudoise Assurances Holding SA
  • Ticker: VAHN
  • Exchange: SWX
  • Founded: 1895
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: CHF1.419b
  • Shares outstanding: 2.94m
  • Website: https://www.vaudoise.ch

Number of Employees


Location

  • Vaudoise Assurances Holding SA
  • Place de Milan
  • Case postale 120
  • Lausanne
  • Vaud
  • 1001
  • Switzerland

Listings


Biography

Vaudoise Assurances Holding SA provides insurance products and services to individuals and SMEs primarily in Switzerland. The company offers vehicle, household, public liability, foresight, mortgage, and b...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/05 17:15
End of Day Share Price2021/05/05 00:00
Earnings2020/12/31
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.