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Banque Cantonale de Genève

BST:1J8N
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1J8N
BST
CHF1B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Banque Cantonale de Genève SA provides a range of banking services to private, corporate, and institutional clients. The last earnings update was 59 days ago. More info.


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1J8N Share Price and Events
7 Day Returns
2.6%
BST:1J8N
0.6%
DE Banks
-0.2%
DE Market
1 Year Returns
10.9%
BST:1J8N
-23.3%
DE Banks
-10.3%
DE Market
1J8N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banque Cantonale de Genève (1J8N) 2.6% 0.6% 3.5% 10.9% - -
DE Banks 0.6% -4.5% 7.7% -23.3% -4.7% -24.9%
DE Market -0.2% -2.4% 4% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • 1J8N outperformed the Banks industry which returned -23.3% over the past year.
  • 1J8N outperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
1J8N
Industry
5yr Volatility vs Market

Value

 Is Banque Cantonale de Genève undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Banque Cantonale de Genève to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Banque Cantonale de Genève.

BST:1J8N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CHF220.51 * 5.8%
CHF12.69
Book Value of Equity per Share Median Book Value from the past 5 years. CHF220.51
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:1J8N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 18%) (457.08%))
2.194
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for BST:1J8N using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banque Cantonale de Genève is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:1J8N Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.8% – 12.15%) * CHF220.51)
CHF-14.10
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF-14.10 / (12.15% - 0.23%)
CHF-118.30
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF220.51 + CHF-118.30
CHF102.21
BST:1J8N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:1J8N represents 0.89647x of SWX:BCGE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89647x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 102.21 x 0.89647
€91.63
Value per share (EUR) From above. €91.63
Current discount Discount to share price of €177.50
= -1 x (€177.50 - €91.63) / €91.63
-93.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Banque Cantonale de Genève is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Banque Cantonale de Genève's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banque Cantonale de Genève's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:1J8N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF12.66
SWX:BCGE Share Price ** SWX (2019-05-20) in CHF CHF198
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.35x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Banque Cantonale de Genève.

BST:1J8N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:BCGE Share Price ÷ EPS (both in CHF)

= 198 ÷ 12.66

15.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banque Cantonale de Genève is overvalued based on earnings compared to the DE Banks industry average.
  • Banque Cantonale de Genève is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Banque Cantonale de Genève's expected growth come at a high price?
Raw Data
BST:1J8N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.1%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.8x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Banque Cantonale de Genève, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Banque Cantonale de Genève's assets?
Raw Data
BST:1J8N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF220.51
SWX:BCGE Share Price * SWX (2019-05-20) in CHF CHF198
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.89x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
BST:1J8N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:BCGE Share Price ÷ Book Value per Share (both in CHF)

= 198 ÷ 220.51

0.9x

* Primary Listing of Banque Cantonale de Genève.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banque Cantonale de Genève is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess Banque Cantonale de Genève's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Banque Cantonale de Genève has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Banque Cantonale de Genève expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Banque Cantonale de Genève, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banque Cantonale de Genève expected to grow at an attractive rate?
  • Banque Cantonale de Genève's earnings growth is positive but not above the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Banque Cantonale de Genève's earnings growth is positive but not above the Germany market average.
  • Unable to compare Banque Cantonale de Genève's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:1J8N Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:1J8N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.1%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:1J8N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:1J8N Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 393 -67 91
2018-09-30 384 89
2018-06-30 391 87
2018-03-31 378 84
2017-12-31 351 -1,530 82
2017-09-30 357 82
2017-06-30 363 83
2017-03-31 356 81
2016-12-31 349 -527 79
2016-09-30 342 77
2016-06-30 335 76
2016-03-31 341 77

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banque Cantonale de Genève's earnings are expected to grow by 0.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Banque Cantonale de Genève is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:1J8N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Banque Cantonale de Genève Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1J8N Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 12.66
2018-09-30 12.49
2018-06-30
2018-03-31
2017-12-31 11.33
2017-09-30 11.57
2017-06-30
2017-03-31
2016-12-31 10.97
2016-09-30 10.88
2016-06-30
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Banque Cantonale de Genève will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Banque Cantonale de Genève's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Banque Cantonale de Genève has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Banque Cantonale de Genève performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Banque Cantonale de Genève's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Banque Cantonale de Genève's year on year earnings growth rate has been positive over the past 5 years.
  • Banque Cantonale de Genève's 1-year earnings growth exceeds its 5-year average (11.7% vs 3.2%)
  • Banque Cantonale de Genève's earnings growth has exceeded the DE Banks industry average in the past year (11.7% vs 5.4%).
Earnings and Revenue History
Banque Cantonale de Genève's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Banque Cantonale de Genève Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1J8N Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 393.44 91.16 153.59
2018-09-30 384.41 88.90 151.75
2018-06-30 390.80 86.64 155.67
2018-03-31 378.45 84.12 152.69
2017-12-31 350.70 81.60 143.95
2017-09-30 356.65 82.44 145.10
2017-06-30 362.60 83.27 146.24
2017-03-31 356.02 81.14 145.96
2016-12-31 349.45 79.01 145.67
2016-09-30 342.28 77.34 143.12
2016-06-30 335.11 75.66 140.57
2016-03-31 341.16 76.94 142.69
2015-12-31 347.21 78.21 144.80
2015-09-30 349.05 78.46 149.09
2015-06-30 350.88 78.71 153.38
2015-03-31 350.22 77.43 153.29
2014-12-31 349.56 76.16 153.21
2014-09-30 339.04 77.53 174.20
2014-06-30 328.53 78.91 195.19
2014-03-31 318.98 75.94 173.57
2013-12-31 309.43 72.96 151.94
2013-09-30 310.67 70.13 152.28
2013-06-30 311.90 67.31 152.61
2013-03-31 319.87 67.16 156.39
2012-12-31 327.85 67.01 160.17
2012-09-30 330.87 69.44 160.85
2012-06-30 333.90 71.87 161.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Banque Cantonale de Genève has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banque Cantonale de Genève used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Banque Cantonale de Genève improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Banque Cantonale de Genève's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Banque Cantonale de Genève has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Banque Cantonale de Genève's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Banque Cantonale de Genève's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Banque Cantonale de Genève Company Filings, last reported 4 months ago.

BST:1J8N Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,569.92 6,443.13 4,988.94
2018-09-30 1,569.92 6,443.13 4,988.94
2018-06-30 1,517.75 6,112.33 70.27
2018-03-31 1,517.75 6,112.33 70.27
2017-12-31 1,472.20 6,481.41 4,910.20
2017-09-30 1,472.20 6,481.41 4,910.20
2017-06-30 1,418.36 5,991.50 68.56
2017-03-31 1,418.36 5,991.50 68.56
2016-12-31 1,386.03 6,505.52 4,821.17
2016-09-30 1,386.03 6,505.52 4,821.17
2016-06-30 1,339.97 5,705.10 72.23
2016-03-31 1,339.97 5,705.10 72.23
2015-12-31 1,319.19 5,657.97 4,955.47
2015-09-30 1,319.19 5,657.97 4,955.47
2015-06-30 1,261.16 6,504.02 149.61
2015-03-31 1,261.16 6,504.02 149.61
2014-12-31 1,235.52 4,323.44 2,551.73
2014-09-30 1,235.52 4,323.44 2,551.73
2014-06-30 1,187.89 4,047.13 1,280.98
2014-03-31 1,187.89 4,047.13 1,280.98
2013-12-31 1,162.98 3,650.62 2,600.22
2013-09-30 1,162.98 3,650.62 2,600.22
2013-06-30 1,107.85 3,949.57 1,128.62
2013-03-31 1,107.85 3,949.57 1,128.62
2012-12-31 1,085.75 4,215.07 2,382.36
2012-09-30 1,085.75 4,215.07 2,382.36
2012-06-30 1,047.48 4,561.74 1,355.67
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Banque Cantonale de Genève has an acceptable proportion of non-loan assets held.
  • Banque Cantonale de Genève's liabilities are made up of primarily low risk sources of funding.
  • Loans at Banque Cantonale de Genève are broadly funded by customer deposits.
  • Banque Cantonale de Genève's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Banque Cantonale de Genève has a low allowance for bad loans.
  • Banque Cantonale de Genève has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Banque Cantonale de Genève's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Banque Cantonale de Genève has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Banque Cantonale de Genève's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.72%
Current annual income from Banque Cantonale de Genève dividends.
If you bought €2,000 of Banque Cantonale de Genève shares you are expected to receive €34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Banque Cantonale de Genève's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Banque Cantonale de Genève's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:1J8N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:1J8N Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-22 3.400 1.699
2019-02-26 3.400 1.684
2018-03-16 2.900 1.533
2018-02-27 2.900 1.735
2017-03-20 2.750 1.715

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Banque Cantonale de Genève has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Banque Cantonale de Genève only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Banque Cantonale de Genève's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x 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.
X
Income/ dividend checks
We assess Banque Cantonale de Genève's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Banque Cantonale de Genève afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banque Cantonale de Genève has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Banque Cantonale de Genève's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Blaise Goetschin
COMPENSATION CHF1,795,944
AGE 61
TENURE AS CEO 18.6 years
CEO Bio

Mr. Blaise Goetschin has been the Chairman of the Executive Board and Chief Executive Officer at Banque Cantonale de Genève SA since October 1, 2000. Mr. Goetschin began his professional career in 1982 as an Auditor with Price Waterhouse in Geneva. In 1985, he joined Credit Suisse, first in Zurich as Deputy Vice President, capital markets and then in New York as an Executive in the corporate banking department. Since 1990, he served as a member of the general management in charge of corporate-finance activity in French speaking Switzerland, Bern and Basel. In 1993, he was given responsibility for the corporate finance/private companies function for the whole of Switzerland. In 1995, he was appointed by the State Council of Canton Vaud to take charge of the cantonal finance department. From 1998 to 2000, he served as a General Manager of the Fiduciary Trust Bank private and institutional management, the Swiss subsidiary of this New York-based banking group. He serves as President of the Board of Directors at Pfandbriefzentrale der schweizerischen Kantonalbanken AG. Mr. Goetschin serves as Chairman of Anker Bank SA and of Synchrony Asset Management SA. He serves as Chairman of the Supervisory Board at Banque Cantonale de Genève (France) SA of Banque Cantonale de Genève SA. Mr. Goetschin serves as Vice Chairman of the board of Centrale de Lettres de Gage SA. He serves as Member of Supervisory Board at Compagnie Foncière Franco-Suisse SAS. He serves as Director of La Foncière-Investissements Fonciers SA, committee member of board of the Union of Swiss Cantonal Banks, member of the board of the Swiss Bankers Association, member of the board of the Geneva Financial Centre Foundation, the board of the Geneva Chamber of Commerce and Industry. He serves as Vice Chairman of the Higher Institute for Training in Banking in Geneva, member of the bank committee of the Society for Economic and Social Studies in Lausanne and of the committee of the Centre for Military History and Forecasting in Pully. He is a Major in the Swiss army. Mr. Goetschin holds a degree from the HEC at Lausanne University.

CEO Compensation
  • Blaise's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Blaise's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Banque Cantonale de Genève management team in years:

8.2
Average Tenure
60
Average Age
  • The average tenure for the Banque Cantonale de Genève management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Blaise Goetschin

TITLE
CEO & Chairman of Executive Board
COMPENSATION
CHF2M
AGE
61
TENURE
18.6 yrs

Michel Pasteur

TITLE
Director & Company Secretary
COMPENSATION
CHF68K
AGE
65
TENURE
1 yrs

Éric Bourgeaux

TITLE
CFO, Head of Finance & Risk Control Division and Member of Executive Board
AGE
62
TENURE
18.4 yrs

Jean-Marc Joris

TITLE
Head of the Organisation
AGE
50
TENURE
15.8 yrs

Pierre Fragnière

TITLE
Head of the International Corporate & Private Banking Division and Member of the Executive Board
AGE
60
TENURE
8.2 yrs

Pierrette Klopfenstein

TITLE
Head of the Geneva Division & Member of Executive Board
AGE
48
TENURE
1.1 yrs

Yves Spörri

TITLE
Member of Executive Board and Head of Swiss Corporate & Institutional Clients Division
AGE
50
TENURE
2.3 yrs

Yvan Nicolet

TITLE
Head of General Accounting

Virginie Fauveau

TITLE
Head of Corporate Finance

Hélène De Vuadens

TITLE
Head of Communications & Investor Relations
Board of Directors Tenure

Average tenure and age of the Banque Cantonale de Genève board of directors in years:

3.5
Average Tenure
62.5
Average Age
  • The tenure for the Banque Cantonale de Genève board of directors is about average.
Board of Directors

Gilbert J. Probst

TITLE
Chairman of the Board
COMPENSATION
CHF281K
AGE
68
TENURE
2.1 yrs

Jean Kerr

TITLE
Vice Chairman of the Board
COMPENSATION
CHF78K
AGE
62
TENURE
1 yrs

Michel Pasteur

TITLE
Director & Company Secretary
COMPENSATION
CHF68K
AGE
65
TENURE
1 yrs

Angela de Wolff

TITLE
Director
COMPENSATION
CHF78K
AGE
50
TENURE
9 yrs

John Tracey

TITLE
Director
COMPENSATION
CHF78K
AGE
68
TENURE
9 yrs

Jean-Marc Mermoud

TITLE
Director
COMPENSATION
CHF72K
AGE
63
TENURE
9 yrs

Grégoire Carasso

TITLE
Director
COMPENSATION
CHF72K
AGE
38
TENURE
5 yrs

Gina Empson

TITLE
Director
COMPENSATION
CHF72K
AGE
60
TENURE
5 yrs

Michèle Costafrolaz

TITLE
Director
COMPENSATION
CHF117K
AGE
64
TENURE
2.1 yrs

Serge Fasel

TITLE
Director
COMPENSATION
CHF46K
AGE
61
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Banque Cantonale de Genève's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Banque Cantonale de Genève has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Banque Cantonale de Genève SA provides a range of banking services to private, corporate, and institutional clients. The company offers current and individual accounts, savings accounts, safe deposit boxes, currencies, and bank cards; short, medium, and long term savings products; and pension planning, investment, private banking, housing finance, and consumer financing services. It also provides corporate finance and cash management, property and construction finance, international commodity trade finance, corporate consultancy, and equity finance services. In addition, the company offers finance and cash management, asset management, and financial advisory services, as well as financial services and market products for banks and insurance companies, wealth managers, and institutional customers. Further, it is involved in the real estate brokerage, assets transfer, online banking, and companies valuation and selling activities; and the issue of mortgage bonds. Additionally, the company provides mortgage lending, and commercial and personal loans, as well as loans for international trade; manages public offerings and placements in the financial markets; and operates 125 ATMs. As of May 2, 2018, it operated through a network of 21 branches in Geneva; and provided its services in Lausanne, Zurich, Lyon, Annecy, Paris, Dubai, and Hong Kong. Banque Cantonale de Genève SA was founded in 1816 and is headquartered in Geneva, Switzerland.

Details
Name: Banque Cantonale de Genève SA
1J8N
Exchange: BST
Founded: 1816
CHF1,250,977,726
7,119,351
Website: http://www.bcge.ch
Address: Banque Cantonale de Genève SA
Quai de l’Ile 17,
CP 2251,
Geneva,
1211,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX BCGE Registered Shares SIX Swiss Exchange CH CHF 02. Feb 2017
BST 1J8N Registered Shares Boerse-Stuttgart DE EUR 02. Feb 2017
LSE 0RMP Registered Shares London Stock Exchange GB CHF 02. Feb 2017
BATS-CHIXE BCGEZ Bearer Shares BATS 'Chi-X Europe' GB CHF 04. Apr 1994
Number of employees
Current staff
Staff numbers
761
Banque Cantonale de Genève employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 22:44
End of day share price update: 2019/05/20 00:00
Last earnings filing: 2019/03/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.