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Vaudoise Assurances Holding

DB:VAHB
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

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

Vaudoise Assurances Holding SA provides insurance products and services to individuals and SMEs primarily in Switzerland. The last earnings update was 109 days ago. More info.


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VAHB Share Price and Events
7 Day Returns
0%
DB:VAHB
-1%
DE Insurance
-1.8%
DE Market
1 Year Returns
2.3%
DB:VAHB
20.6%
DE Insurance
-6.7%
DE Market
VAHB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vaudoise Assurances Holding (VAHB) 0% 1.4% 1.1% 2.3% -4.4% -
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
  • VAHB underperformed the Insurance industry which returned 20.6% over the past year.
  • VAHB outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
VAHB
Industry
5yr Volatility vs Market

VAHB Value

 Is Vaudoise Assurances 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 Vaudoise Assurances 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 Vaudoise Assurances Holding.

DB:VAHB 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
= CHF573.75 * 7.4%
CHF42.42
Book Value of Equity per Share Median Book Value from the past 5 years. CHF573.75
Discount Rate (Cost of Equity) See below 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:VAHB
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%) (0%))
0.789
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

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

The calculations below outline how an intrinsic value for Vaudoise Assurances 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:VAHB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.4% – 5%) * CHF573.75)
CHF13.75
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF13.75 / (5% - 0.23%)
CHF288.44
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF573.75 + CHF288.44
CHF862.19
DB:VAHB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VAHB represents 0.89157x of SWX:VAHN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89157x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 862.19 x 0.89157
€768.70
Value per share (EUR) From above. €768.70
Current discount Discount to share price of €444.00
= -1 x (€444.00 - €768.70) / €768.70
42.2%

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

Current Discount
Amount off the current price Vaudoise Assurances Holding is available for.
Intrinsic value
42%
Share price is €444 vs Future cash flow value of €768.7
Current Discount Checks
For Vaudoise Assurances Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vaudoise Assurances Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Vaudoise Assurances 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 Vaudoise Assurances Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vaudoise Assurances Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VAHB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF43.33
SWX:VAHN Share Price ** SWX (2019-06-28) in CHF CHF498
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 Vaudoise Assurances Holding.

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

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

= 498 ÷ 43.33

11.49x

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

  • Vaudoise Assurances Holding is good value based on earnings compared to the DE Insurance industry average.
  • Vaudoise Assurances Holding is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Vaudoise Assurances Holding's expected growth come at a high price?
Raw Data
DB:VAHB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 .

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

  • Unable to calculate PEG ratio for Vaudoise Assurances Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vaudoise Assurances Holding's assets?
Raw Data
DB:VAHB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF605.34
SWX:VAHN Share Price * SWX (2019-06-28) in CHF CHF498
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:VAHB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 498 ÷ 605.34

0.82x

* Primary Listing of Vaudoise Assurances Holding.

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

  • Vaudoise Assurances Holding is good value based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Vaudoise Assurances 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. Vaudoise Assurances Holding has a total score of 5/6, 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.

VAHB Future Performance

 How is Vaudoise Assurances Holding expected to perform in the next 1 to 3 years based on estimates from 0 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
0.9%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Vaudoise Assurances Holding expected to grow at an attractive rate?
  • Vaudoise Assurances Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Vaudoise Assurances Holding's earnings growth is positive but not above the Germany market average.
  • Unable to compare Vaudoise Assurances Holding's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:VAHB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VAHB Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 0 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:VAHB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
DB:VAHB Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
DB:VAHB Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 1,280 163 128
2017-12-31 1,298 127 121
2017-09-30 1,286 113 122
2017-06-30 1,273 98 122
2017-03-31 1,282 113 124
2016-12-31 1,292 127 125
2016-09-30 1,280 105 112
2016-06-30 1,268 83 99
2016-03-31 1,284 141 114

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vaudoise Assurances Holding's earnings are expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Vaudoise Assurances Holding 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
DB:VAHB 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 0 Analyst Estimates (S&P Global) See Below

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

DB:VAHB Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 44.17 44.17 44.17 1.00
2020-12-31 43.71 43.71 43.71 1.00
2019-12-31 42.25 42.25 42.25 1.00
DB:VAHB Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 43.33
2017-12-31 40.99
2017-09-30 41.30
2017-06-30
2017-03-31
2016-12-31 42.41
2016-09-30 38.05
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 Vaudoise Assurances Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Vaudoise Assurances 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.
Vaudoise Assurances 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.

VAHB Past Performance

  How has Vaudoise Assurances 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 Vaudoise Assurances 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.
  • Vaudoise Assurances Holding's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Vaudoise Assurances Holding's 1-year earnings growth exceeds its 5-year average (5.7% vs -4.7%)
  • Vaudoise Assurances Holding's earnings growth has not exceeded the DE Insurance industry average in the past year (5.7% vs 9.4%).
Earnings and Revenue History
Vaudoise Assurances 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 Vaudoise Assurances Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VAHB 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 1,279.87 127.52 116.16
2017-12-31 1,298.21 120.65 112.83
2017-09-30 1,285.51 121.56 120.92
2017-06-30 1,272.81 122.47 129.02
2017-03-31 1,282.17 123.64 129.02
2016-12-31 1,291.52 124.81 129.02
2016-09-30 1,279.60 112.00 127.10
2016-06-30 1,267.68 99.19 125.19
2016-03-31 1,284.27 113.98 125.19
2015-12-31 1,300.86 128.77 125.19
2015-09-30 1,382.10 144.81 125.35
2015-06-30 1,463.34 160.85 125.51
2015-03-31 1,519.35 157.21 125.51
2014-12-31 1,575.36 153.56 125.51
2014-09-30 1,516.34 148.60 122.85
2014-06-30 1,457.32 143.65 120.20
2014-03-31 1,543.30 135.01 120.20
2013-12-31 1,629.28 126.37 120.20
2013-09-30 1,996.25 125.61 118.09
2013-06-30 2,363.23 124.86 115.99
2013-03-31 2,412.18 123.53 115.99
2012-12-31 2,461.13 122.20 115.99
2012-09-30 2,186.50 123.83 109.67

*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.
  • Vaudoise Assurances Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vaudoise Assurances Holding used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Vaudoise Assurances Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vaudoise Assurances 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.
Vaudoise Assurances Holding has a total score of 2/6, 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.

VAHB Health

 How is Vaudoise Assurances 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 Vaudoise Assurances Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vaudoise Assurances Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Vaudoise Assurances Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Vaudoise Assurances 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.
  • Vaudoise Assurances Holding has no debt, it does not need to be covered by short term assets.
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 Vaudoise Assurances Holding Company Filings, last reported 6 months ago.

DB:VAHB Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,781.70 0.00 187.87
2017-12-31 1,734.54 0.00 291.22
2017-09-30 1,734.54 0.00 291.22
2017-06-30 1,657.82 0.00 201.30
2017-03-31 1,657.82 0.00 201.30
2016-12-31 1,642.88 0.00 199.73
2016-09-30 1,642.88 0.00 199.73
2016-06-30 1,524.61 0.00 175.46
2016-03-31 1,524.61 0.00 175.46
2015-12-31 1,539.12 0.00 246.69
2015-09-30 1,539.12 0.00 246.69
2015-06-30 1,440.64 0.00 262.75
2015-03-31 1,440.64 0.00 262.75
2014-12-31 1,464.12 0.00 281.62
2014-09-30 1,464.12 0.00 281.62
2014-06-30 1,359.10 32.00 290.47
2014-03-31 1,359.10 32.00 290.47
2013-12-31 1,293.78 0.00 235.31
2013-09-30 1,293.78 0.00 235.31
2013-06-30 1,191.62 32.75 138.47
2013-03-31 1,191.62 32.75 138.47
2012-12-31 1,135.67 31.75 122.59
2012-09-30 1,135.67 31.75 122.59
  • Vaudoise Assurances Holding has no debt.
  • Vaudoise Assurances Holding had no debt 5 years ago.
  • Vaudoise Assurances Holding has no debt, it does not need to be covered by operating cash flow.
  • Vaudoise Assurances Holding has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Vaudoise Assurances 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. Vaudoise Assurances Holding has a total score of 4/6, 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.

VAHB Dividends

 What is Vaudoise Assurances 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
2.61%
Current annual income from Vaudoise Assurances Holding dividends.
If you bought €2,000 of Vaudoise Assurances Holding shares you are expected to receive €52 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?
  • Vaudoise Assurances Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Vaudoise Assurances 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:VAHB 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 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:VAHB Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
DB:VAHB Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-28 13.000 2.595
2018-03-28 12.000 2.352
2017-03-29 12.000 2.281
2016-04-06 12.000 2.413
2015-04-08 12.000 2.333
2014-04-02 11.000 2.594
2013-04-03 10.000 2.694
2012-04-04 9.000 3.095
2011-03-22 7.000 2.657
2010-01-04 6.000 2.667
2009-01-05 6.000 3.582

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 Vaudoise Assurances Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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 Vaudoise Assurances 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 Vaudoise Assurances Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vaudoise Assurances Holding 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.

VAHB Management

 What is the CEO of Vaudoise Assurances 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
Philippe Hebeisen
COMPENSATION CHF2,112,343
AGE 64
TENURE AS CEO 10.5 years
CEO Bio

Mr. Philippe Hebeisen has been Chairman of the Management Board at Vaudoise Assurances Holding SA since 2009 and has been its Member of the Management Board since 1999. Mr. Hebeisen has been the Chief Executive Officer at Vaudoise Assurances Holding SA since 2009 and also serves as its General Manager. Previously, Mr. Hebeisen served as Head of Marketing and Networks of Vaudoise Assurances Holding.

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

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

5.2
Average Tenure
52.5
Average Age
  • The average tenure for the Vaudoise Assurances Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Philippe Hebeisen

TITLE
Chairman of the Management Board
COMPENSATION
CHF2M
AGE
64
TENURE
10.5 yrs

Jean-Daniel Laffely

TITLE
Vice Chairman of Mgmt. Board
AGE
54
TENURE
7.5 yrs

Reto Kuhn

TITLE
Chief Investment Officer
AGE
55

Christian Lagger

TITLE
Director
AGE
56

Jacques Marmier

TITLE
Director of the Insurance Department for People & Member of the Management Board
AGE
56

Karim Abdelatif

TITLE
Head of the Human Resources Department & Member of the Management Board
AGE
51
TENURE
5.2 yrs

Nathalie Follonier-Kehrli

TITLE
Director of General Secretary and Head of Institutional Communication
AGE
44

Frédéric Traimond

TITLE
Head of Maths/Reinsurance Dept
AGE
50
TENURE
1.5 yrs

Grégoire Fracheboud

TITLE
Director
AGE
43
TENURE
1.5 yrs

Jan Ellerbrock

TITLE
Head of IT & Digital Transformation
AGE
45
Board of Directors Tenure

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

7.2
Average Tenure
63
Average Age
  • The tenure for the Vaudoise Assurances Holding board of directors is about average.
Board of Directors

Paul-André Sanglard

TITLE
Non-Executive Chairman
COMPENSATION
CHF460K
AGE
69
TENURE
10.2 yrs

Chantal Emery

TITLE
Vice-Chairman
COMPENSATION
CHF186K
AGE
67
TENURE
7.2 yrs

Peter Kofmel

TITLE
Director
COMPENSATION
CHF154K
AGE
63
TENURE
20.5 yrs

Jean-Philippe Rochat

TITLE
Director
COMPENSATION
CHF132K
AGE
62
TENURE
10.2 yrs

La Fischer

TITLE
Director
COMPENSATION
CHF154K
AGE
56
TENURE
3.2 yrs

Javier Fernandez-Cid

TITLE
Director
COMPENSATION
CHF100K
AGE
63
TENURE
7.2 yrs

Martin Albers

TITLE
Director
COMPENSATION
CHF137K
AGE
59
TENURE
3.2 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 Vaudoise Assurances 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. Vaudoise Assurances 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.

VAHB News

Simply Wall St News

VAHB Company Info

Description

Vaudoise Assurances Holding SA provides insurance products and services to individuals and SMEs primarily in Switzerland. The company offers vehicle, household, public liability, foresight, and mortgage insurance. It serves customers through its network of agencies. The company was founded in 1895 and is headquartered in Lausanne, Switzerland. Vaudoise Assurances Holding SA is a subsidiary of Mutuelle Vaudoise, Société Coopérative.

Details
Name: Vaudoise Assurances Holding SA
VAHB
Exchange: DB
Founded: 1895
CHF1,322,030,035
2,943,275
Website: http://www.vaudoise.ch
Address: Vaudoise Assurances Holding SA
Place de Milan,
Case postale 120,
Lausanne,
Vaud, 1001,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX VAHN Class B Registered Shares SIX Swiss Exchange CH CHF 02. Jan 1992
DB VAHB Class B Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0QN7 Class B Registered Shares London Stock Exchange GB CHF 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,466
Vaudoise Assurances Holding employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 21:50
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/07/06
Last earnings filing: 2019/03/28
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.