VP Bank AG provides asset-management and investment-advisory services for private and institutional investors, and financial intermediaries in Liechtenstein and internationally.
Undervalued with solid track record and pays a dividend.
Share Price & News
How has VP Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3VFN's share price has been volatile over the past 3 months.
7 Day Return
DE Capital Markets
1 Year Return
DE Capital Markets
Return vs Industry: 3VFN exceeded the German Capital Markets industry which returned -11.3% over the past year.
Return vs Market: 3VFN exceeded the German Market which returned -20.6% over the past year.
Price Volatility Vs. Market
How volatile is VP Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is VP Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3VFN (€117.5) is trading below our estimate of fair value (€151.2)
Significantly Below Fair Value: 3VFN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3VFN is good value based on its PE Ratio (9.8x) compared to the Capital Markets industry average (22.2x).
PE vs Market: 3VFN is good value based on its PE Ratio (9.8x) compared to the German market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: 3VFN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 3VFN is good value based on its PB Ratio (0.7x) compared to the DE Capital Markets industry average (1.7x).
How is VP Bank forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3VFN's earnings are forecast to decline over the next 3 years (-1.4% per year).
Earnings vs Market: 3VFN's earnings are forecast to decline over the next 3 years (-1.4% per year).
High Growth Earnings: 3VFN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 3VFN's revenue (1.9% per year) is forecast to grow slower than the German market (4% per year).
High Growth Revenue: 3VFN's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3VFN's Return on Equity is forecast to be low in 3 years time (6.8%).
How has VP Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3VFN has high quality earnings.
Growing Profit Margin: 3VFN's current net profit margins (22%) are higher than last year (18%).
Past Earnings Growth Analysis
Earnings Trend: 3VFN's earnings have grown by 9.1% per year over the past 5 years.
Accelerating Growth: 3VFN's earnings growth over the past year (34.4%) exceeds its 5-year average (9.1% per year).
Earnings vs Industry: 3VFN earnings growth over the past year (34.4%) exceeded the Capital Markets industry 5.7%.
Return on Equity
High ROE: 3VFN's Return on Equity (7.1%) is considered low.
How is VP Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 3VFN has a low level of unsold assets or inventory.
Debt Coverage by Assets: 3VFN's debt is covered by short term assets (assets are 3.8x debt).
Financial Institutions Analysis
Asset Level: 3VFN's level of assets compared to its equity is moderate.
Allowance for Bad Loans: 3VFN has a low allowance for bad loans.
Low Risk Liabilities: 3VFN's liabilities are made up of primarily low risk sources of funding.
Loan Level: 3VFN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 3VFN's loans are broadly funded by customer deposits.
Level of Bad Loans: 3VFN has an appropriate level of bad loans (0.77%)
What is VP Bank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 3VFN's dividend (4.55%) is higher than the bottom 25% of dividend payers in the German market (1.69%).
High Dividend: 3VFN's dividend (4.55%) is low compared to the top 25% of dividend payers in the German market (4.85%).
Stability and Growth of Payments
Stable Dividend: 3VFN's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3VFN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.8%), 3VFN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3VFN's dividends in 3 years are forecast to be covered by earnings (50.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Arni (55yo)
Mr. Paul H. Arni has been Chief Executive Officer and Member of Executive Board at VP Bank AG since October 1, 2019. Mr. Arni serves as the Managing Director and Chief Operating Officer of Private Banking ...
|CEO & Member of Executive Board||0.50yr||no data||no data|
|CFO, Deputy CEO & Member of Executive Board||8yrs||no data||0.11% CHF771.3k|
|General Counsel||3.25yrs||no data||0.084% CHF572.4k|
|Head of Client Business & Member of Executive Board||7.25yrs||no data||0.39% CHF2.7m|
|Chief Investment Officer & Member of Executive Board||2.08yrs||no data||no data|
|COO & Member of Executive Board||1.92yrs||no data||no data|
|Head of Group Compliance||no data||no data||no data|
|Head of Corporate Communications||no data||no data||no data|
|Head of Group Communications & Marketing||1.25yrs||no data||no data|
|Head of Group Human Resources||2.08yrs||no data||no data|
Experienced Management: 3VFN's management team is considered experienced (2.1 years average tenure).
|Chairman of the Board||8yrs||CHF642.00k||0.16% CHF1.1m|
|Vice Chairman of the Board||4.25yrs||CHF130.00k||0.11% CHF739.6k|
|Chairman Emeritus||24.25yrs||no data||no data|
|Vice Chairman of the Board||1.17yrs||CHF190.00k||0.0020% CHF13.4k|
Experienced Board: 3VFN's board of directors are considered experienced (6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
VP Bank AG's company bio, employee growth, exchange listings and data sources
- Name: VP Bank AG
- Ticker: 3VFN
- Exchange: DB
- Founded: 1956
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: CHF722.941m
- Listing Market Cap: CHF685.048m
- Shares outstanding: 5.98m
- Website: https://www.vpbank.com
Number of Employees
- VP Bank AG
- Aeulestrasse 6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|0RG7||LSE (London Stock Exchange)||Bearer Shares||GB||CHF||Jan 1992|
|VPBN||SWX (SIX Swiss Exchange)||Yes||Class A Registered Shares||CH||CHF||May 2000|
|3VFN||DB (Deutsche Boerse AG)||Yes||Class A Registered Shares||DE||EUR||May 2000|
|VUPP.F||OTCPK (Pink Sheets LLC)||Yes||Class A Registered Shares||US||USD||May 2000|
VP Bank AG provides asset-management and investment-advisory services for private and institutional investors, and financial intermediaries in Liechtenstein and internationally. The company offers private banking services, such as asset management, investment advisory, financing, and wealth planning services; manages funds; lending services; and investment advisory services. It also provides e-banking, securities trading, and payment services. In addition, the company offers financing of residential properties for private clients, execution and settlement services, safekeeping and trustee services, and money-market and interbank services; and grants commercial loans to commercial clients, as well as is involved in foreign exchange dealings on behalf of private clients. Further, it offers advisory and custodian bank services. VP Bank AG was founded in 1956 and is headquartered in Vaduz, Liechtenstein.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 01:13|
|End of Day Share Price||2020/04/03 00:00|
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.