SWX:VAHN

Stock Analysis Report

Vaudoise Assurances Holding

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.

Risks

  • Vaudoise Assurances Holding is not covered by any analysts.

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


Market Performance


7 Day Return

0.8%

SWX:VAHN

-0.3%

CH Insurance

-0.08%

CH Market


1 Year Return

2.3%

SWX:VAHN

22.5%

CH Insurance

6.6%

CH Market

VAHN underperformed the Insurance industry which returned 22.5% over the past year.

VAHN underperformed the Market in Switzerland which returned 6.6% over the past year.


Share holder returns

VAHNIndustryMarket
7 Day0.8%-0.3%-0.08%
30 Day4.7%5.5%2.9%
90 Day6.4%5.9%0.8%
1 Year5.0%2.3%29.0%22.5%12.2%6.6%
3 Year15.8%7.8%67.3%43.1%32.3%15.4%
5 Year40.6%24.9%86.6%41.9%34.5%13.4%

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 based on future cash flows and its price relative to the stock market?

12.24x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Vaudoise Assurances Holding's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Vaudoise Assurances Holding's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Vaudoise Assurances Holding is good value based on earnings compared to the CH Insurance industry average.

Vaudoise Assurances Holding is good value based on earnings compared to the Switzerland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Vaudoise Assurances Holding, we can't assess if its growth is good value.


Price Based on Value of Assets

Vaudoise Assurances Holding is good value based on assets compared to the CH Insurance industry average.


Next Steps

Future Growth

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

6.9%

Forecasted Insurance industry annual growth in earnings


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Vaudoise Assurances Holding is high growth as no revenue estimate data is available.

Vaudoise Assurances Holding's earnings are expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).

Unable to compare Vaudoise Assurances Holding's revenue growth to the Switzerland market average as no estimate data is available.

Vaudoise Assurances Holding's earnings growth is positive but not above the Switzerland market average.

Vaudoise Assurances Holding's earnings growth is positive but not above the low risk savings rate of 3.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Vaudoise Assurances Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

-3.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Vaudoise Assurances Holding's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Vaudoise Assurances Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Vaudoise Assurances Holding's 1-year earnings growth is negative, it can't be compared to the CH Insurance industry average.


Return on Equity

Vaudoise Assurances Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Vaudoise Assurances Holding used its assets more efficiently than the CH Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Vaudoise Assurances Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Vaudoise Assurances Holding's financial position?


Financial Position Analysis

Vaudoise Assurances Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Vaudoise Assurances Holding's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Vaudoise Assurances Holding has no debt.

Vaudoise Assurances Holding has no debt compared to 5 years ago when it was 2.3%.

Vaudoise Assurances Holding has no debt, it does not need to be covered by operating cash flow.

Vaudoise Assurances Holding has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Vaudoise Assurances Holding has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

2.43%

Current Dividend Yield


Dividend Yield and Payments Analysis

Vaudoise Assurances Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.95%).

Vaudoise Assurances Holding's dividend is below the markets top 25% of dividend payers in Switzerland (3.71%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Vaudoise Assurances Holding's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Philippe Hebeisen (64yo)

10.7yrs

Tenure

CHF2,112,343

Compensation

Mr. Philippe Hebeisen has been Chairman of the Management Board at Vaudoise Assurances Holding SA since 2009 and has been its Member of the Management Board since 1999. Mr. Hebeisen has been the Chief Exec ...


CEO Compensation Analysis

Philippe's remuneration is higher than average for companies of similar size in Switzerland.

Philippe's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.3yrs

Average Tenure

52.5yo

Average Age

The average tenure for the Vaudoise Assurances Holding management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.3yrs

Average Tenure

63yo

Average Age

The tenure for the Vaudoise Assurances Holding board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Karim Abdelatif (51yo)

    Head of the Human Resources Department & Member of the Management Board

    • Tenure: 5.3yrs
  • Philippe Hebeisen (64yo)

    Chairman of the Management Board

    • Tenure: 10.7yrs
    • Compensation: CHF2.11m
  • Frédéric Traimond (50yo)

    Head of Maths/Reinsurance Dept

    • Tenure: 1.7yrs
  • Reto Kuhn (55yo)

    Chief Investment Officer

    • Tenure: 0yrs
  • Jean-Daniel Laffely (54yo)

    Vice Chairman of Mgmt. Board

    • Tenure: 7.7yrs
  • Christian Lagger (56yo)

    Director

    • Tenure: 0yrs
  • Jacques Marmier (56yo)

    Director of the Insurance Department for People & Member of the Management Board

    • Tenure: 0yrs
  • Nathalie Follonier-Kehrli (44yo)

    Director of General Secretary and Head of Institutional Communication

    • Tenure: 0yrs
  • Grégoire Fracheboud (43yo)

    Director

    • Tenure: 1.7yrs
  • Jan Ellerbrock (45yo)

    Head of IT & Digital Transformation

    • Tenure: 0yrs

Board Members

  • Martin Albers (59yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: CHF137.33k
  • Jean-Philippe Rochat (62yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: CHF131.66k
  • Paul-André Sanglard (69yo)

    Non-Executive Chairman

    • Tenure: 10.3yrs
    • Compensation: CHF460.01k
  • La Fischer (56yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: CHF154.25k
  • Peter Kofmel (63yo)

    Director

    • Tenure: 20.7yrs
    • Compensation: CHF154.25k
  • Chantal Emery (67yo)

    Vice-Chairman

    • Tenure: 7.3yrs
    • Compensation: CHF185.55k
  • Javier Fernandez-Cid (63yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: CHF100.00k

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: CHF1.572b
  • 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, and mortgage in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 20:41
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.