Loading...

Helvetia Holding

DB:HVXA
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HVXA
DB
CHF6B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Helvetia Holding AG, through its subsidiaries, provides life and non-life insurance, and reinsurance products in Switzerland, Germany, Austria, Spain, Italy, France, and internationally. The last earnings update was 132 days ago. More info.


Add to Portfolio Compare Print
HVXA Share Price and Events
7 Day Returns
0%
DB:HVXA
-1%
DE Insurance
-1.8%
DE Market
1 Year Returns
12.8%
DB:HVXA
20.6%
DE Insurance
-6.7%
DE Market
HVXA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Helvetia Holding (HVXA) 0% -3.2% -1.5% 12.8% 17.9% 48.7%
DE Insurance -1% 3.2% 4% 20.6% 60.3% 60.2%
DE Market -1.8% 1.6% -1.6% -6.7% 10.1% 11%
1 Year Return vs Industry and Market
  • HVXA underperformed the Insurance industry which returned 20.6% over the past year.
  • HVXA outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
HVXA
Industry
5yr Volatility vs Market

Value

 Is Helvetia Holding 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 Helvetia Holding 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 Helvetia Holding.

DB:HVXA 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
= CHF113.95 * 11.5%
CHF13.09
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. CHF113.95
Discount Rate (Cost of Equity) See below 5.5%
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:HVXA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 18%) (26.47%))
0.889
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.889 * 5.96%)
5.53%

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

The calculations below outline how an intrinsic value for Helvetia Holding 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:HVXA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.5% – 5.53%) * CHF113.95)
CHF6.79
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF6.79 / (5.53% - 0.23%)
CHF128.10
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF113.95 + CHF128.10
CHF242.04
DB:HVXA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HVXA represents 0.8766x of SWX:HELN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8766x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 242.04 x 0.8766
€212.17
Value per share (EUR) From above. €212.17
Current discount Discount to share price of €109.40
= -1 x (€109.40 - €212.17) / €212.17
48.4%

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

Current Discount
Amount off the current price Helvetia Holding is available for.
Intrinsic value
48%
Share price is €109.4 vs Future cash flow value of €212.17
Current Discount Checks
For Helvetia Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Helvetia Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Helvetia Holding's share price is below the future cash flow value, and 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 Helvetia Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Helvetia Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HVXA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF8.38
SWX:HELN Share Price ** SWX (2019-06-28) in CHF CHF124.8
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.39x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

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

** Primary Listing of Helvetia Holding.

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

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

= 124.8 ÷ 8.38

14.9x

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

  • Helvetia Holding is overvalued based on earnings compared to the DE Insurance industry average.
  • Helvetia Holding is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Helvetia Holding's expected growth come at a high price?
Raw Data
DB:HVXA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
9.1%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.9x ÷ 9.1%

1.63x

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

  • Helvetia Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Helvetia Holding's assets?
Raw Data
DB:HVXA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF102.75
SWX:HELN Share Price * SWX (2019-06-28) in CHF CHF124.8
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.07x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.74x
DB:HVXA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 124.8 ÷ 102.75

1.21x

* Primary Listing of Helvetia Holding.

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

  • Helvetia Holding is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Helvetia Holding'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Helvetia Holding 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 Helvetia Holding expected to perform in the next 1 to 3 years based on estimates from 4 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
9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Helvetia Holding expected to grow at an attractive rate?
  • Helvetia Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Helvetia Holding's earnings growth is positive but not above the Germany market average.
  • Helvetia Holding's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HVXA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HVXA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 9.1%
DB:HVXA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 0.9%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:HVXA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HVXA Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,421 550 2
2020-12-31 9,278 520 4
2019-12-31 9,104 498 4
DB:HVXA Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 9,147 297 414
2018-09-30 9,421 365 408
2018-06-30 9,780 433 401
2018-03-31 9,763 243 394
2017-12-31 9,660 53 387
2017-09-30 9,557 -187 384
2017-06-30 9,453 -428 382
2017-03-31 9,389 -346 369
2016-12-31 9,325 -264 357
2016-09-30 9,237 -501 334
2016-06-30 9,149 -737 311
2016-03-31 9,097 -528 299

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Helvetia Holding's earnings are expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).
  • Helvetia Holding's revenue is expected to grow by 0.9% 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:HVXA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Helvetia Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HVXA Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 10.86 11.58 9.98 5.00
2020-12-31 10.55 11.14 9.79 5.00
2019-12-31 10.21 10.75 9.70 5.00
DB:HVXA Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 8.38
2018-09-30 8.26
2018-06-30 8.14
2018-03-31 7.98
2017-12-31 7.82
2017-09-30 7.78
2017-06-30 7.75
2017-03-31 7.48
2016-12-31 7.21
2016-09-30 6.84
2016-06-30 6.45
2016-03-31 6.12

*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.
  • Helvetia Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Helvetia Holding'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.
Helvetia Holding has a total score of 1/6, 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 Helvetia Holding 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 Helvetia Holding's growth in the last year to its industry (Insurance).
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.
  • Helvetia Holding's year on year earnings growth rate has been positive over the past 5 years.
  • Helvetia Holding's 1-year earnings growth exceeds its 5-year average (7% vs 3%)
  • Helvetia Holding's earnings growth has not exceeded the DE Insurance industry average in the past year (7% vs 9.4%).
Earnings and Revenue History
Helvetia Holding'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 Helvetia Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HVXA 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 9,146.70 414.27 687.50
2018-09-30 9,420.85 407.80 679.70
2018-06-30 9,780.40 401.32 671.90
2018-03-31 9,762.95 394.17 658.35
2017-12-31 9,660.10 387.02 644.80
2017-09-30 9,556.65 384.36 623.60
2017-06-30 9,453.20 381.70 602.40
2017-03-31 9,388.85 369.35 594.25
2016-12-31 9,324.50 357.00 586.10
2016-09-30 9,236.55 334.13 567.40
2016-06-30 9,148.60 311.26 548.70
2016-03-31 9,097.30 298.76 550.70
2015-12-31 9,046.00 286.26 552.70
2015-09-30 9,109.85 315.78 556.95
2015-06-30 9,173.70 345.29 561.20
2015-03-31 9,040.05 362.89 519.40
2014-12-31 8,906.40 380.49 477.60
2014-09-30 8,625.05 374.44 449.25
2014-06-30 8,343.70 368.39 420.90
2014-03-31 8,340.70 360.24 416.60
2013-12-31 8,337.70 352.09 412.30
2013-09-30 8,268.80 347.11 408.00
2013-06-30 8,199.90 342.13 403.70
2013-03-31 8,083.55 330.73 396.85
2012-12-31 7,967.20 319.33 390.00
2012-09-30 7,761.50 295.81 380.90

*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.
  • Helvetia Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Helvetia Holding used its assets less efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Helvetia Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Helvetia Holding'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 Insurance 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.
Helvetia Holding has a total score of 3/6, 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 Helvetia Holding'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 Helvetia Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Helvetia Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Helvetia Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Helvetia Holding'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 2.9x 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 Helvetia Holding Company Filings, last reported 6 months ago.

DB:HVXA Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,797.10 1,619.00 2,528.20
2018-09-30 5,797.10 1,619.00 2,528.20
2018-06-30 5,694.40 1,615.00 1,307.90
2018-03-31 5,694.40 1,615.00 1,307.90
2017-12-31 5,929.40 1,655.80 2,198.30
2017-09-30 5,929.40 1,655.80 2,198.30
2017-06-30 5,506.10 1,526.60 1,925.20
2017-03-31 5,506.10 1,526.60 1,925.20
2016-12-31 5,512.60 1,021.20 2,161.20
2016-09-30 5,512.60 1,021.20 2,161.20
2016-06-30 5,542.70 930.80 1,428.10
2016-03-31 5,542.70 930.80 1,428.10
2015-12-31 5,355.30 976.10 3,140.90
2015-09-30 5,355.30 976.10 3,140.90
2015-06-30 5,091.40 910.60 2,137.70
2015-03-31 5,091.40 910.60 2,137.70
2014-12-31 5,663.10 950.20 3,143.70
2014-09-30 5,663.10 950.20 3,143.70
2014-06-30 4,382.60 288.90 1,020.80
2014-03-31 4,382.60 288.90 1,020.80
2013-12-31 4,131.20 250.60 3,157.50
2013-09-30 4,131.20 250.60 3,157.50
2013-06-30 3,861.40 268.30 828.10
2013-03-31 3,861.40 268.30 828.10
2012-12-31 4,050.20 226.00 2,793.50
2012-09-30 4,100.30 226.00 2,793.50
  • Helvetia Holding's level of debt (28.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.7% vs 28.2% today).
  • Debt is not well covered by operating cash flow (18.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.9x coverage).
X
Financial health checks
We assess Helvetia Holding'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. Helvetia Holding 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 Helvetia Holding'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
3.85%
Current annual income from Helvetia Holding dividends. Estimated to be 4.18% next year.
If you bought €2,000 of Helvetia Holding shares you are expected to receive €77 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?
  • Helvetia Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Helvetia Holding's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
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:HVXA 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 4 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 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 3.9%

Industry and Market average data is calculated daily.

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

DB:HVXA Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 5.43 4.00
2020-12-31 5.25 7.00
2019-12-31 5.06 7.00
DB:HVXA Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-05 4.800 3.877
2018-03-05 4.600 3.924
2017-03-13 4.200 3.851
2016-03-14 3.800 3.620
2015-03-11 3.600 3.424
2014-02-27 3.500 3.878
2014-01-15 3.500 3.911
2013-03-11 3.400 4.174
2013-01-15 3.400 4.542
2012-03-06 3.200 5.071
2011-03-10 3.200 5.036
2010-03-01 2.900 4.247
2009-01-05 2.700 4.736

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

  • 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
What portion of Helvetia Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Helvetia Holding'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 Helvetia Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Helvetia Holding has a total score of 5/6, 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 Helvetia Holding'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
Philipp Gmür
COMPENSATION CHF2,192,749
AGE 56
TENURE AS CEO 2.8 years
CEO Bio

Mr. Philipp Gmür serves as Chief Executive Officer of Helvetia Schweizerische Versicherungsgesellschaft AG. He is a Director of Allreal Holding AG since 2019. He serves as Chief Executive Officer (Group CEO) at Helvetia Insurance (“Helvetia”) since since September 2016. He served as CEO of Helvetia Switzerland and Member of the Group Management Board from 2003 to 2016, Helvetia Member of the Management Board, Switzerland and Head of Sale from 2000 to 2002 and Helvetia Head of regional office in Lucerne from 1995 to 2000. He Joined Helvetia in 1993 and served at High Court of Lucerne Court Clerk 1991 to 1993. He serves as Member of the Board of the Swiss Insurance Association SIA and Coop Rechtsschutz AG, Aarau and Two other Board Member appointments for non-listed companies and two Board of Trustee appointments. he holds a Doctorate (Dr. iur.), University of Fribourg, LL.M., Duke Law School, USA and Advanced Management Program, Harvard Business School.

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

Average tenure and age of the Helvetia Holding management team in years:

2.7
Average Tenure
58
Average Age
  • The tenure for the Helvetia Holding management team is about average.
Management Team

Philipp Gmür

TITLE
Chief Executive Officer
COMPENSATION
CHF2M
AGE
56
TENURE
2.8 yrs

Paul Norton

TITLE
Chief Financial Officer
AGE
58
TENURE
12 yrs

André Keller

TITLE
Chief Investment Officer
TENURE
0.3 yrs

Achim Baumstark

TITLE
Head of IT & Group CTO
AGE
55
TENURE
2.3 yrs

Susanne Tengler

TITLE
Head of Investor Relations

Claudia Sauter

TITLE
Head of Corporate Communications & PR

Martin Tschopp

TITLE
Head of Corporate Development

Roland Bentele

TITLE
Group Human Resources
AGE
58

Donald Desax

TITLE
Head of Ocupational Pensions Switzerland
AGE
60
TENURE
2.5 yrs

Markus Gemperle

TITLE
Chief Executive Officer of Europe
AGE
58
TENURE
4.5 yrs
Board of Directors Tenure

Average tenure and age of the Helvetia Holding board of directors in years:

3.4
Average Tenure
57.5
Average Age
  • The tenure for the Helvetia Holding board of directors is about average.
Board of Directors

Doris Schurter

TITLE
Chairwoman of the Board
COMPENSATION
CHF725K
AGE
63
TENURE
1.6 yrs

Hans Künzle

TITLE
Vice-Chairman of the Board
COMPENSATION
CHF270K
AGE
58
TENURE
4.5 yrs

Thomas Schmuckli-Grob

TITLE
Vice Chairman
COMPENSATION
CHF159K
AGE
56
TENURE
1.3 yrs

Gabriela Payer

TITLE
Director
COMPENSATION
CHF223K
AGE
57
TENURE
4.8 yrs

Ivo Furrer

TITLE
Director
COMPENSATION
CHF209K
AGE
62
TENURE
2.3 yrs

Christoph Lechner

TITLE
Director
COMPENSATION
CHF209K
AGE
52
TENURE
12.8 yrs

Jean-René Fournier

TITLE
Director
COMPENSATION
CHF144K
AGE
62
TENURE
8.2 yrs

Andreas von Planta

TITLE
Director
COMPENSATION
CHF209K
AGE
64
TENURE
4.8 yrs

Beat Fellmann

TITLE
Director
COMPENSATION
CHF128K
AGE
55
TENURE
1.3 yrs

Regula Wallimann

TITLE
Director
COMPENSATION
CHF128K
AGE
52
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Helvetia Holding'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. Helvetia Holding 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

Helvetia Holding AG, through its subsidiaries, provides life and non-life insurance, and reinsurance products in Switzerland, Germany, Austria, Spain, Italy, France, and internationally. It offers life insurance, pension plans, and annuity insurance products; and non-life insurance products, such as property, motor vehicle, liability, transport, art, health, and accident insurance. The company was founded in 1858 and is headquartered in St. Gallen, Switzerland.

Details
Name: Helvetia Holding AG
HVXA
Exchange: DB
Founded: 1858
CHF5,565,680,040
49,445,015
Website: http://www.helvetia.com
Address: Helvetia Holding AG
Dufourstrasse 40,
St. Gallen,
St. Gallen, 9001,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX HELN Registered Shares SIX Swiss Exchange CH CHF 08. Jul 1996
DB HVXA Registered Shares Deutsche Boerse AG DE EUR 08. Jul 1996
LSE 0QKO Registered Shares London Stock Exchange GB CHF 08. Jul 1996
OTCPK HLVT.Y UNSPONSORD ADR Pink Sheets LLC US USD 22. Aug 2017
Number of employees
Current staff
Staff numbers
6,624
Helvetia Holding employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 20:59
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/07/13
Last earnings filing: 2019/03/05
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.