SWX:VAHN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Vaudoise Assurances Holding

Executive Summary

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


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 not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VAHN's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.3%

VAHN

1.3%

CH Insurance

-0.7%

CH Market


1 Year Return

-16.2%

VAHN

-11.9%

CH Insurance

-0.8%

CH Market

Return vs Industry: VAHN underperformed the Swiss Insurance industry which returned -11.8% over the past year.

Return vs Market: VAHN underperformed the Swiss Market which returned -0.7% over the past year.


Shareholder returns

VAHNIndustryMarket
7 Day-1.3%1.3%-0.7%
30 Day1.3%22.5%4.4%
90 Day-0.4%11.9%1.8%
1 Year-13.4%-16.2%-6.1%-11.9%2.7%-0.8%
3 Year-2.8%-10.4%33.2%12.7%19.1%4.3%
5 Year0.8%-11.4%58.7%19.8%35.5%13.1%

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 (CHF466) is trading below our estimate of fair value (CHF952.94)

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 (11.4x) compared to the CH Insurance industry average (15.6x).

PE vs Market: VAHN is good value based on its PE Ratio (11.4x) compared to the Swiss market (22.8x).


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).


Next Steps

Future Growth

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

25.0%

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.


Next Steps

Past Performance

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

-0.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VAHN has high quality earnings.

Growing Profit Margin: VAHN's current net profit margins (9.3%) are lower than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: VAHN's earnings have declined by 0.3% 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 (-6.5%) over the past year, making it difficult to compare to the Insurance industry average (-17.1%).


Return on Equity

High ROE: VAHN's Return on Equity (6.2%) is considered low.


Next Steps

Financial Health

How is Vaudoise Assurances Holding's financial position?


Financial Position Analysis

Short Term Liabilities: VAHN's short term assets (CHF361.8M) do not cover its short term liabilities (CHF2.0B).

Long Term Liabilities: VAHN's short term assets (CHF361.8M) do not cover its long term liabilities (CHF4.2B).


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


Next Steps

Dividend

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

3.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VAHN's dividend (3.22%) is higher than the bottom 25% of dividend payers in the Swiss market (1.9%).

High Dividend: VAHN's dividend (3.22%) is low compared to the top 25% of dividend payers in the Swiss market (3.74%).


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 (36.8%), 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?

2.8yrs

Average management tenure


CEO

Jean-Daniel Laffely (55 yo)

0.83

Tenure

Mr. Jean-Daniel Laffely serves as Chief Executive Director and General Director at Vaudoise Assurances Holding SA since 2020. He is Chairman of the Management Board at Vaudoise Assurances Holding SA since ...


Leadership Team

NamePositionTenureCompensationOwnership
Jean-Daniel Laffely
Chairman of Management Board0.83yrno datano data
Christoph Borgmann
Head of Finance0.83yrno datano data
Reto Kuhn
Chief Investment Officerno datano datano data
Christian Lagger
Directorno datano datano data
Jacques Marmier
Directorno datano datano data
Karim Abdelatif
Head of the Human Resources Department & Member of the Management Board6.5yrsno datano data
Nathalie Follonier-Kehrli
Director of General Secretary and Head of Institutional Communicationno datano datano data
Frédéric Traimond
Head of Actuary/Reinsurance Department2.83yrsno datano data
Grégoire Fracheboud
Director2.83yrsno datano data

2.8yrs

Average Tenure

52yo

Average Age

Experienced Management: VAHN's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin Albers
Non-Executive Director4.5yrsCHF137.33kno data
Jean-Philippe Rochat
Non-Executive Director11.5yrsCHF131.66kno data
Paul-André Sanglard
Non-Executive Chairman11.5yrsCHF460.01kno data
Eftychia Fischer
Non-Executive Director4.5yrsCHF154.25kno data
Peter Kofmel
Non-Executive Director21.83yrsCHF154.25kno data
Chantal Emery
Vice-Chairman8.5yrsCHF185.56kno data
Philippe Hebeisen
Non-Executive Director0.83yrCHF2.29mno data
Javier Fernandez-Cid
Non-Executive Director8.5yrsCHF100.00kno data
Cédric Moret
Non Executive Director0.83yrno datano data

8.5yrs

Average Tenure

64yo

Average Age

Experienced Board: VAHN's board of directors are considered experienced (8.5 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: CHF1.372b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VAHNSWX (SIX Swiss Exchange)YesClass B Registered SharesCHCHFJan 1992
0QN7LSE (London Stock Exchange)YesClass B Registered SharesGBCHFJan 1992
VAHBDB (Deutsche Boerse AG)YesClass B Registered SharesDEEURJan 1992

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 Analysis2020/11/25 22:33
End of Day Share Price2020/11/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.