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EFG International

DB:E2S
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E2S
DB
CHF2B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

EFG International AG, together with its subsidiaries, provides private banking, wealth management, and asset management services to individual and business clients. The last earnings update was 37 days ago. More info.


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E2S Share Price and Events
7 Day Returns
5%
DB:E2S
3%
DE Capital Markets
2.4%
DE Market
1 Year Returns
0.8%
DB:E2S
-13.5%
DE Capital Markets
-6.2%
DE Market
E2S Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EFG International (E2S) 5% 15.3% 25.7% 0.8% 20.7% -26.9%
DE Capital Markets 3% 0.7% 4.8% -13.5% -18.7% -47.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • E2S outperformed the Capital Markets industry which returned -13.5% over the past year.
  • E2S outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
E2S
Industry
5yr Volatility vs Market

Value

 Is EFG International 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 EFG International 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 EFG International.

DB:E2S Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= CHF6.37 * 11.9%
CHF0.76
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. CHF6.37
Discount Rate (Cost of Equity) See below 7.4%
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 DB:E2S
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.734 (1 + (1- 18%) (95.57%))
1.207
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.207 * 5.96%)
7.42%

Discounted Cash Flow Calculation for DB:E2S using Excess Returns Model Model

The calculations below outline how an intrinsic value for EFG International 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.

DB:E2S Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.9% – 7.42%) * CHF6.37)
CHF0.29
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF0.29 / (7.42% - 0.23%)
CHF4.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF6.37 + CHF4.01
CHF10.39
DB:E2S Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:E2S represents 0.8643x of SWX:EFGN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8643x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 10.39 x 0.8643
€8.98
Value per share (EUR) From above. €8.98
Current discount Discount to share price of €6.56
= -1 x (€6.56 - €8.98) / €8.98
26.9%

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

Current Discount
Amount off the current price EFG International is available for.
Intrinsic value
27%
Share price is €6.56 vs Future cash flow value of €8.98
Current Discount Checks
For EFG International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • EFG International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • EFG International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 EFG International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EFG International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:E2S PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF0.24
SWX:EFGN Share Price ** SWX (2019-04-18) in CHF CHF7.59
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 18.05x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of EFG International.

DB:E2S PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 7.59 ÷ 0.24

31.43x

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

  • EFG International is overvalued based on earnings compared to the DE Capital Markets industry average.
  • EFG International is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does EFG International's expected growth come at a high price?
Raw Data
DB:E2S PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
37.8%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.27x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:E2S PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.43x ÷ 37.8%

0.83x

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

  • EFG International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on EFG International's assets?
Raw Data
DB:E2S PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF5.62
SWX:EFGN Share Price * SWX (2019-04-18) in CHF CHF7.59
Germany Capital Markets Industry PB Ratio Median Figure of 30 Publicly-Listed Capital Markets Companies 1.95x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:E2S PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 7.59 ÷ 5.62

1.35x

* Primary Listing of EFG International.

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

  • EFG International is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess EFG International'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. EFG International has a total score of 3/6, 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 EFG International expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
37.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EFG International expected to grow at an attractive rate?
  • EFG International's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • EFG International's earnings growth is expected to exceed the Germany market average.
  • EFG International's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:E2S Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:E2S Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 37.8%
DB:E2S Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.6%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 28.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:E2S Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:E2S Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,328 274 3
2020-12-31 1,267 242 5
2019-12-31 1,182 178 4
DB:E2S Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 1,129 535 70
2018-09-30 1,088 -4
2018-06-30 1,047 -344 -79
2018-03-31 1,084 500 -70
2017-12-31 1,122 1,343 -62
2017-09-30 1,068 102
2017-06-30 1,013 1,993 267
2017-03-31 866 1,369 246
2016-12-31 718 745 225
2016-09-30 702 128
2016-06-30 685 -382 31
2016-03-31 691 11 44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EFG International's earnings are expected to grow significantly at over 20% yearly.
  • EFG International's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
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
DB:E2S Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from EFG International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E2S Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.78 0.78 0.78 1.00
2020-12-31 0.81 1.07 0.67 3.00
2019-12-31 0.53 0.53 0.53 1.00
DB:E2S Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 0.24
2018-09-30 -0.02
2018-06-30 -0.27
2018-03-31 -0.24
2017-12-31 -0.21
2017-09-30 0.37
2017-06-30 1.02
2017-03-31 1.07
2016-12-31 1.13
2016-09-30 0.72
2016-06-30 0.20
2016-03-31 0.28

*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.
  • EFG International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess EFG International'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 Germany 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.
EFG International has a total score of 4/6, 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 EFG International 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 EFG International's growth in the last year to its industry (Capital Markets).
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.
  • EFG International's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • EFG International has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • EFG International has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
EFG International'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 EFG International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E2S 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 1,128.70 70.20 999.70
2018-09-30 1,087.60 -4.40 1,044.35
2018-06-30 1,046.50 -79.00 68.10
2018-03-31 1,084.45 -70.40 82.70
2017-12-31 1,122.40 -61.80 1,118.20
2017-09-30 1,067.85 102.35 716.60
2017-06-30 1,013.30 266.50 315.00
2017-03-31 865.75 245.85 190.75
2016-12-31 718.20 225.20 66.50
2016-09-30 701.60 128.20 60.20
2016-06-30 685.00 31.20 53.90
2016-03-31 690.90 44.05 53.70
2015-12-31 696.80 56.90 53.50
2015-09-30 713.30 86.00 60.25
2015-06-30 729.80 115.10 67.00
2015-03-31 724.60 88.10 57.40
2014-12-31 719.40 61.10 47.80
2014-09-30 698.65 41.25 52.25
2014-06-30 677.90 21.40 56.70
2014-03-31 671.50 47.95 52.60
2013-12-31 665.10 74.50 48.50
2013-06-30 609.30 90.70 -6.60
2013-03-31 650.15 91.65 21.35
2012-12-31 691.00 92.60 49.30
2012-09-30 761.45 -103.25 619.80
2012-06-30 704.40 -309.50 625.10

*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.
  • EFG International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EFG International used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if EFG International 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 EFG International'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 Capital Markets 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.
EFG International has a total score of 0/6, 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 EFG International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EFG International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EFG International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • EFG International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of EFG International'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.5x debt.
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 EFG International Company Filings, last reported 3 months ago.

DB:E2S Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,656.10 2,101.30 6,145.60
2018-09-30 1,656.10 2,101.30 6,145.60
2018-06-30 1,707.50 1,716.50 15,531.60
2018-03-31 1,707.50 1,716.50 15,531.60
2017-12-31 1,727.00 1,761.30 5,107.40
2017-09-30 1,727.00 1,761.30 5,107.40
2017-06-30 2,125.80 3,264.60 14,956.60
2017-03-31 2,125.80 3,264.60 14,956.60
2016-12-31 2,124.10 1,804.40 5,259.70
2016-09-30 2,124.10 1,804.40 5,259.70
2016-06-30 1,344.00 1,911.80 8,575.90
2016-03-31 1,344.00 1,911.80 8,575.90
2015-12-31 1,129.00 1,852.10 3,213.60
2015-09-30 1,129.00 1,852.10 3,213.60
2015-06-30 1,132.10 1,737.10 6,491.30
2015-03-31 1,132.10 1,737.10 6,491.30
2014-12-31 1,175.10 1,784.50 3,139.10
2014-09-30 1,175.10 1,784.50 3,139.10
2014-06-30 1,114.50 1,487.80 3,585.60
2014-03-31 1,114.50 1,487.80 3,585.60
2013-12-31 1,106.50 1,080.10 2,898.40
2013-06-30 1,067.60 1,035.00 4,815.90
2013-03-31 1,067.60 1,035.00 4,815.90
2012-12-31 1,276.30 1,673.80 4,895.20
2012-09-30 1,316.40 1,673.80 4,895.20
2012-06-30 1,120.90 1,844.70 4,870.60
  • EFG International's level of debt (126.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (98% vs 126.9% today).
  • Debt is well covered by operating cash flow (25.5%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on EFG International's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess EFG International'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. EFG International has a total score of 2/6, 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 EFG International'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
3.95%
Current annual income from EFG International dividends. Estimated to be 4.92% next year.
If you bought €2,000 of EFG International shares you are expected to receive €79 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?
  • EFG International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • EFG International's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
Upcoming dividend payment

Purchase EFG International before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:E2S 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 5 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:E2S Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.44 5.00
2020-12-31 0.37 7.00
2019-12-31 0.33 7.00
DB:E2S Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.300 4.477
2018-04-06 0.250 3.581
2017-03-15 0.250 3.275
2016-04-07 0.250 4.888
2015-02-25 0.250 2.525
2014-02-26 0.200 1.905
2013-02-27 0.100 0.805
2012-07-31 0.100 1.150
2012-02-29 0.100 1.457
2011-03-08 0.100 1.200
2010-03-01 0.100 0.725
2009-04-20 0.250 1.684

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of EFG International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess EFG International'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 EFG International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EFG International has a total score of 4/6, 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 EFG International'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
Giorgio Pradelli
COMPENSATION CHF2,820,416
AGE 51
TENURE AS CEO 1.3 years
CEO Bio

Mr. Piergiorgio Pradelli, also known as Giorgio, has been Deputy Chief Executive Officer at EFG International AG since January 14, 2014 and has been its Chief Financial Officer since June 2012. Mr. Pradelli serves as the Chief Financial Officer and Deputy Chief Executive Officer of EFG Bank AG. He served as the Chief Financial Officer of EFG International and EFG Bank since June 1, 2012. He served as Managing Director of ERB New Europe Funding B.V., The Netherlands and ERB New Europe Funding II B.V., The Netherlands until May 25, 2012. He served as General Manager of International Division of Evrobanka EFG štedionica since June 1, 2006. He served as Head of International Operations of Evrobanka EFG štedionica (alternate Name, Efg Eurobank Ergasias SA) from June 1, 2006 to 2012 and served as its General Manager from June 1, 200 to May 31, 2012. From 2003 to 2006, he served as Deputy Chief Financial officer of eFG bank european Financial Group SA, the largest shareholder of eFG International. He served as General Manager of Euro Bank, a subsidiary of Efg Eurobank Ergasias SA, since June 1, 2006. He served as Deputy Finance Director in London for the Bank's parent company EFG Group. He served for 12 years at Deutsche Bank, where he started his career in 1991, including Head of Private & Business Banking in Italy, Head of Business Development for the private Clients and Asset Management Group in Frankfurt and Head of Business Development for Personal Banking in Frankfurt. He served as the Chairman of the Supervisory Board at Eurobank Bulgaria AD until August 30, 2012. He has been a Director of EFG Bank (Luxembourg) S.A. since November 14, 2016. He has been a Director of EFG Financial Products Holding AG. He serves as a Director of eFG International's subsidiaries eFG private bank ltd, london and eFG Asset Management Holding AG, zurich. He served as a Director of Eurobank Bulgaria AD until May 24, 2012. He served as a Director of Eurobank Private Bank Luxembourg S.A., Luxembourg until May 31, 2012. He served as a Member of the Supervisory Board at PJSC "Universal Bank", Ukraine until May 31, 2012. He served as a Member of the Board of Directors at Eurobank Asset Management M.F.M.C. S.A., Greece until June 01, 2012. He served as a Director of S.C. Bancpost S.A. until May 24, 2012. He served as a Director of Eurobank Tekfen A.S. until May 31, 2012 and Burgan Bank Anonim Sirketi since March 16, 2007 and Leonteq AG from September 17, 2012 to April 25, 2013. Mr. Pradelli has a University Degree in Economics and Business Administration from the University of Turin.

CEO Compensation
  • Insufficient data for Giorgio to compare compensation growth.
  • Giorgio's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the EFG International management team in years:

1.3
Average Tenure
51
Average Age
  • The average tenure for the EFG International management team is less than 2 years, this suggests a new team.
Management Team

Giorgio Pradelli

TITLE
Chief Executive Officer
COMPENSATION
CHF3M
AGE
51
TENURE
1.3 yrs

Dimitris Politis

TITLE
Chief Financial Officer
AGE
47
TENURE
1.3 yrs

Christian Flemming

TITLE
Chief Operating Officer
AGE
43
TENURE
1.3 yrs

Mark Bagnall

TITLE
Chief Technology Officer
AGE
51
TENURE
1.3 yrs

Jens Brueckner

TITLE
Head of Investor Relations

Yves Aeschlimann

TITLE
Group Head of Legal & Compliance
AGE
51
TENURE
0.1 yrs

Daniela Haesler

TITLE
Head of Marketing & Communication

Daniel Lüscher

TITLE
Global Head of Human Resources
AGE
53
TENURE
0.4 yrs

Silvio Ammann

TITLE
Deputy Chief Risk Officer

William Ramsay

TITLE
Chief Economist
Board of Directors

John Williamson

TITLE
Chairman of the Board
COMPENSATION
CHF1M
AGE
56
TENURE
3 yrs

Nico Burki

TITLE
Vice Chairman of the Board
COMPENSATION
CHF262K
AGE
68
TENURE
3 yrs

Rudy Van Den Steen

TITLE
Chairman of EFG Bank Von Ernst Ag Vaduz and Chairman of on Finance Sa Lugano
AGE
54

Gilad Hayeem

TITLE
Chairman of Marble Bar Asset Management LLP & CEO of Marble Bar Asset Management Ltd
AGE
50

Paul Imison

TITLE
Chairman of Private Banking - Management EFG Bank AG

Victor Echevarria

TITLE
Chairman of EFG Capital International Corp Miami Florida USA

Alberto Diaz

TITLE
President of the Board of A&g Holding

Peter London

TITLE
Chairman of Efg Ashby London Financial Svcs Ltd & Chairman of Efg Platts Flello Ltd
AGE
67

John Hallam

TITLE
Non-Executive Chairman of Efg Private Bank (channel Islands) Limited Guernsey
AGE
70

Gonzalo Rodríguez-Fraile

TITLE
Chairman of PRS International Consulting Inc
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 EFG International'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. EFG International 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

EFG International AG, together with its subsidiaries, provides private banking, wealth management, and asset management services to individual and business clients. The company operates through eight segments: Central Switzerland, and Ticino & Italy; Romandie & Continental Europe; Americas; United Kingdom; Asia; Investment Solutions; Global Markets & Treasury; and Other. The company offers investment solutions, including asset management mandate, advisory, investment fund, third party-fund selection, structured product, alternative investment, and trading services; wealth solutions, such as wealth planning, pension products, and art advisory; credit and financing services comprising property and investment finance; eBanking and security services; and other banking services consisting of accounts and cards, as well as custody, foreign exchange and treasury, and client reporting. It also provides investment advisory research services; training services for external asset managers; and commercial banking services. In addition, it engages in the trade of securities, derivatives, foreign exchange, money market papers, and precious metals on behalf of its clients. The company was founded in 1995 and is headquartered in Zurich, Switzerland.

Details
Name: EFG International AG
E2S
Exchange: DB
Founded: 1995
CHF1,928,142,012
289,671,495
Website: http://www.efginternational.com
Address: EFG International AG
Bleicherweg 8,
PO Box 6012,
Zurich,
Zurich, 8022,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX EFGN Registered Shares SIX Swiss Exchange CH CHF 07. Oct 2005
OTCPK EFGI.F Registered Shares Pink Sheets LLC US USD 07. Oct 2005
DB E2S Registered Shares Deutsche Boerse AG DE EUR 07. Oct 2005
LSE 0QJX Registered Shares London Stock Exchange GB CHF 07. Oct 2005
BATS-CHIXE EFGNZ Registered Shares BATS 'Chi-X Europe' GB CHF 07. Oct 2005
OTCPK EFGX.Y UNSPONSORD ADR Pink Sheets LLC US USD 05. Aug 2009
Number of employees
Current staff
Staff numbers
3,320
EFG International employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:52
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/03/13
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.