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Graubündner Kantonalbank

LSE:0QLT
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0QLT
LSE
CHF4B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Graubündner Kantonalbank provides various banking and products services to private individuals and companies in Switzerland. The last earnings update was 43 days ago. More info.


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0QLT Share Price and Events
7 Day Returns
0%
LSE:0QLT
2.3%
GB Banks
1.9%
GB Market
1 Year Returns
-2.2%
LSE:0QLT
-7.8%
GB Banks
2.5%
GB Market
0QLT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Graubündner Kantonalbank (0QLT) 0% 0% - -2.2% - -
GB Banks 2.3% 3.6% 4.4% -7.8% 16.1% -12.3%
GB Market 1.9% 3% 7.9% 2.5% 15.6% 6.8%
1 Year Return vs Industry and Market
  • 0QLT outperformed the Banks industry which returned -7.8% over the past year.
  • 0QLT underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0QLT
Industry
5yr Volatility vs Market

0QLT Value

 Is Graubündner Kantonalbank 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 Graubündner Kantonalbank 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 Graubündner Kantonalbank.

LSE:0QLT 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
= CHF1,114.55 * 7.2%
CHF80.24
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. CHF1,114.55
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0QLT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 18%) (192.97%))
1.356
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.356 * 5.96%)
9.31%

Discounted Cash Flow Calculation for LSE:0QLT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Graubündner Kantonalbank 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.

LSE:0QLT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.2% – 9.31%) * CHF1,114.55)
CHF-23.49
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF-23.49 / (9.31% - 1.23%)
CHF-290.69
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF1,114.55 + CHF-290.69
CHF823.86
LSE:0QLT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0QLT represents 0.97811x of SWX:GRKP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97811x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 823.86 x 0.97811
CHF805.82
Value per share (CHF) From above. CHF805.82
Current discount Discount to share price of CHF1,452.50
= -1 x (CHF1,452.50 - CHF805.82) / CHF805.82
-80.3%

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

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

The amount the stock market is willing to pay for Graubündner Kantonalbank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Graubündner Kantonalbank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0QLT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF72.90
SWX:GRKP Share Price ** SWX (2019-03-13) in CHF CHF1485
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 796 Publicly-Listed Companies 16.29x

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

** Primary Listing of Graubündner Kantonalbank.

LSE:0QLT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1485 ÷ 72.90

20.37x

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

  • Graubündner Kantonalbank is overvalued based on earnings compared to the GB Banks industry average.
  • Graubündner Kantonalbank is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Graubündner Kantonalbank's expected growth come at a high price?
Raw Data
LSE:0QLT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
2.3%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:0QLT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.37x ÷ 2.3%

8.82x

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

  • Graubündner Kantonalbank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Graubündner Kantonalbank's assets?
Raw Data
LSE:0QLT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF1,051.85
SWX:GRKP Share Price * SWX (2019-03-13) in CHF CHF1485
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.51x
LSE:0QLT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1485 ÷ 1,051.85

1.41x

* Primary Listing of Graubündner Kantonalbank.

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

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

0QLT Future Performance

 How is Graubündner Kantonalbank expected to perform in the next 1 to 3 years based on estimates from 2 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
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Graubündner Kantonalbank expected to grow at an attractive rate?
  • Graubündner Kantonalbank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Graubündner Kantonalbank's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Graubündner Kantonalbank's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0QLT Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0QLT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 2.3%
LSE:0QLT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland 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
LSE:0QLT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0QLT Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 411 195 2
2020-12-31 406 187 2
2019-12-31 398 182 2
LSE:0QLT Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 392 -1,363 182
2018-09-30 387 180
2018-06-30 382 178
2018-03-31 382 178
2017-12-31 382 802 178
2017-09-30 375 176
2017-06-30 368 174
2017-03-31 362 170
2016-12-31 355 -672 166
2016-09-30 356 167
2016-06-30 356 167
2016-03-31 362 166

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Graubündner Kantonalbank's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • Graubündner Kantonalbank's revenue is expected to grow by 1.6% 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
LSE:0QLT 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 2 Analyst Estimates (S&P Global) See Below

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

LSE:0QLT Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 77.81 77.81 77.81 1.00
2020-12-31 74.85 74.85 74.85 1.00
2019-12-31 72.95 72.95 72.95 1.00
LSE:0QLT Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 72.90
2018-09-30 72.22
2018-06-30
2018-03-31
2017-12-31 71.20
2017-09-30 70.52
2017-06-30
2017-03-31
2016-12-31 66.61
2016-09-30 66.84
2016-06-30 73.87
2016-03-31 74.67

*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.
  • Graubündner Kantonalbank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Graubündner Kantonalbank'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Graubündner Kantonalbank 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.

0QLT Past Performance

  How has Graubündner Kantonalbank 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 Graubündner Kantonalbank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Graubündner Kantonalbank's year on year earnings growth rate has been positive over the past 5 years.
  • Graubündner Kantonalbank's 1-year earnings growth is less than its 5-year average (2.3% vs 3.5%)
  • Graubündner Kantonalbank's earnings growth has not exceeded the GB Banks industry average in the past year (2.3% vs 42.2%).
Earnings and Revenue History
Graubündner Kantonalbank'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 Graubündner Kantonalbank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0QLT Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 392.24 181.73 200.65
2018-09-30 387.12 180.05 192.48
2018-06-30 381.99 178.36 184.31
2018-03-31 382.21 177.96 183.77
2017-12-31 382.42 177.57 183.23
2017-09-30 375.44 175.86 188.34
2017-06-30 368.46 174.15 193.45
2017-03-31 361.98 170.13 195.16
2016-12-31 355.50 166.12 196.87
2016-09-30 355.62 166.67 188.02
2016-06-30 355.75 167.23 179.17
2016-03-31 362.40 165.70 180.84
2015-12-31 369.06 164.18 182.51
2015-09-30 366.31 160.30 178.22
2015-06-30 363.57 156.43 173.93
2015-03-31 363.55 156.31 174.23
2014-12-31 363.52 156.20 174.52
2014-09-30 370.63 156.46 178.97
2014-06-30 377.74 156.73 183.41
2014-03-31 377.58 156.51 183.34
2013-12-31 377.42 156.29 183.27
2013-09-30 378.68 155.89 184.22
2013-06-30 379.94 155.50 185.17
2013-03-31 381.74 154.40 186.03
2012-12-31 383.53 153.29 186.89
2012-09-30 383.15 152.52 187.77
2012-06-30 382.77 151.74 188.65

*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.
  • Graubündner Kantonalbank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Graubündner Kantonalbank used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Graubündner Kantonalbank 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 Graubündner Kantonalbank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Graubündner Kantonalbank 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.

0QLT Health

 How is Graubündner Kantonalbank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

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

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

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

All data from Graubündner Kantonalbank Company Filings, last reported 3 months ago.

LSE:0QLT Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,660.60 7,143.63 4,281.17
2018-09-30 2,660.60 7,143.63 4,281.17
2018-06-30 2,550.91 7,151.93 206.55
2018-03-31 2,550.91 7,151.93 206.55
2017-12-31 2,548.37 7,097.85 4,414.57
2017-09-30 2,548.37 7,097.85 4,414.57
2017-06-30 2,455.74 5,905.29 218.80
2017-03-31 2,455.74 5,905.29 218.80
2016-12-31 2,445.14 6,014.03 3,493.35
2016-09-30 2,445.14 6,014.03 3,493.35
2016-06-30 2,373.74 5,561.64 247.47
2016-03-31 2,373.74 5,561.64 247.47
2015-12-31 2,397.58 5,299.99 3,503.12
2015-09-30 2,397.58 5,299.99 3,503.12
2015-06-30 2,310.08 5,271.92 0.28
2015-03-31 2,310.08 5,271.92 0.28
2014-12-31 2,301.00 3,344.10 1,626.28
2014-09-30 2,301.00 3,344.10 1,626.28
2014-06-30 2,214.16 3,633.74 1,470.03
2014-03-31 2,214.16 3,633.74 1,470.03
2013-12-31 2,215.95 3,364.71 1,690.82
2013-09-30 2,215.95 3,364.71 1,690.82
2013-06-30 2,129.03 2,931.79 18.83
2013-03-31 2,129.03 2,931.79 18.83
2012-12-31 2,133.31 3,238.15 1,555.44
2012-09-30 2,133.31 3,238.15 1,555.44
2012-06-30 2,043.35 3,430.67 962.99
BANK ANALYSIS

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

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Graubündner Kantonalbank has an acceptable proportion of non-loan assets held.
  • Graubündner Kantonalbank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Graubündner Kantonalbank are broadly funded by customer deposits.
  • Graubündner Kantonalbank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Graubündner Kantonalbank has a sufficient allowance for bad loans.
  • Graubündner Kantonalbank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Graubündner Kantonalbank'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. Graubündner Kantonalbank has a total score of 6/6, 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.

0QLT Dividends

 What is Graubündner Kantonalbank'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
2.69%
Current annual income from Graubündner Kantonalbank dividends. Estimated to be 2.76% next year.
If you bought CHF2,000 of Graubündner Kantonalbank shares you are expected to receive CHF54 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?
  • Graubündner Kantonalbank's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Graubündner Kantonalbank's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
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
LSE:0QLT 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

LSE:0QLT Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 41.00 2.00
2020-12-31 41.00 2.00
2019-12-31 41.00 2.00
LSE:0QLT Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-07 40.000 2.745
2019-02-08 40.000 2.701
2018-03-29 40.000 2.781
2018-02-09 40.000 2.673
2017-03-09 38.000 2.547
2017-02-10 38.000 2.497
2016-03-30 38.000 2.360
2016-02-12 38.000 2.173
2015-03-25 38.000 2.378
2015-02-06 38.000 2.538
2014-03-25 38.000 2.901
2014-02-07 38.000 3.139
2013-03-01 38.000 3.227
2013-02-08 38.000 3.253
2012-02-24 38.000 3.241
2012-02-03 38.000 3.170
2011-08-29 40.000 3.405
2011-02-25 40.000 3.302
2011-01-17 40.000 3.251
2010-04-06 35.000 2.851
2010-02-05 35.000 2.868
2009-04-20 32.000 2.838

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 Graubündner Kantonalbank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Graubündner Kantonalbank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Graubündner Kantonalbank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Graubündner Kantonalbank 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.

0QLT Management

 What is the CEO of Graubündner Kantonalbank'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
Alois Vinzens
COMPENSATION CHF1,027,000
AGE 59
TENURE AS CEO 16.2 years
CEO Bio

Lic. Oec. HSG Alois Vinzens has been Chairman of the Executive Board and Chief Executive Officer at Graubündner Kantonalbank since February 1, 2003 and serves its Head of Business Segment Corporate Center. Lic. Oec. HSG Vinzens serves as Vice Chairman at Swisscanto Holding Ltd. He serves as Vice-President of the Board of Directors at Pfandbriefzentrale der schweizerischen Kantonalbanken AG. He is a Economics Graduate.

CEO Compensation
  • Alois's compensation has been consistent with company performance over the past year.
  • Alois's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Graubündner Kantonalbank management team in years:

11.5
Average Tenure
55
Average Age
  • The average tenure for the Graubündner Kantonalbank management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alois Vinzens

TITLE
Chairman of Management Board
COMPENSATION
CHF1M
AGE
59
TENURE
16.2 yrs

Andreas Lötscher

TITLE
Head of Finance & Controlling

Thomas Roth

TITLE
Head of Business Unit Markets & Member of the Executive Board
AGE
58
TENURE
18.3 yrs

Daniel Fust

TITLE
Head of Market Services Business Unit & Member of the Executive Board
AGE
52
TENURE
6.9 yrs

Enrico Lardelli

TITLE
Head of Business Unit IT & Operations and Member of the Executive Board
AGE
52
TENURE
3.6 yrs

Günter Döttling

TITLE
MD of Operations

Martina Müller-Kamp

TITLE
Head of the Investment Center Department

Peter Haug

TITLE
Head of the Accounting Department

Thomas Müller

TITLE
Head of Media

Flurin Berther

TITLE
Head of the Legal & Compliance Department
Board of Directors Tenure

Average tenure and age of the Graubündner Kantonalbank board of directors in years:

3
Average Tenure
53
Average Age
  • The tenure for the Graubündner Kantonalbank board of directors is about average.
Board of Directors

Peter Fanconi

TITLE
President of the Board
COMPENSATION
CHF248K
AGE
51
TENURE
5 yrs

Christian Thöny

TITLE
Vice President of the Board
COMPENSATION
CHF66K
AGE
66
TENURE
1 yrs

Thomas Huber

TITLE
Director
COMPENSATION
CHF85K
AGE
55
TENURE
4 yrs

Chris Caviezel

TITLE
Director
COMPENSATION
CHF66K
AGE
61
TENURE
4 yrs

Martin Gredig

TITLE
Director
COMPENSATION
CHF66K
AGE
53
TENURE
3 yrs

Fulvio Bottoni

TITLE
Director
COMPENSATION
CHF66K
AGE
50
TENURE
3 yrs

Ines Pöschel

TITLE
Director
AGE
50
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Graubündner Kantonalbank'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. Graubündner Kantonalbank 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.

0QLT News

Simply Wall St News

0QLT Company Info

Description

Graubündner Kantonalbank provides various banking and products services to private individuals and companies in Switzerland. It offers private, saving, foreign currency, share deposit, current, rental, and other accounts; various cards; mortgages; and loans; risk insurance products; and investment funds. The company also provides e-banking, investment and precaution advisory, financial advisory and planning, real estate, pension advisory and planning, inheritance planning, liquidity and asset management, mobile banking, SME consulting, currency trading, equipment leasing, and SME financial planning services, as well as financial consulting services, such as SME financial, start-up, succession, and retirement planning services. Graubündner Kantonalbank was founded in 1870 and is headquartered in Chur, Switzerland.

Details
Name: Graubündner Kantonalbank
0QLT
Exchange: LSE
Founded: 1870
CHF3,701,944,620
2,492,892
Website: http://www.gkb.ch
Address: Graubündner Kantonalbank
Postfach,
Chur,
7001,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX GRKP Participation Certificates SIX Swiss Exchange CH CHF 02. Jan 1992
BST 1Y3 Participation Certificates Boerse-Stuttgart DE EUR 02. Jan 1992
LSE 0QLT Participation Certificates London Stock Exchange GB CHF 02. Jan 1992
BATS-CHIXE GRKPZ Participation Certificates BATS 'Chi-X Europe' GB CHF 02. Jan 1992
Number of employees
Current staff
Staff numbers
744
Graubündner Kantonalbank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:51
End of day share price update: 2019/03/13 00:00
Last estimates confirmation: 2019/03/06
Last earnings filing: 2019/03/07
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.