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Berner Kantonalbank

LSE:0QM2
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0QM2
LSE
CHF2B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Berner Kantonalbank AG, a cantonal bank, offers various banking products and financial services to private individuals and corporate customers in Switzerland. The last earnings update was 37 days ago. More info.


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0QM2 Share Price and Events
7 Day Returns
-0.3%
LSE:0QM2
2.3%
GB Banks
1.9%
GB Market
1 Year Returns
31.5%
LSE:0QM2
-7.8%
GB Banks
2.5%
GB Market
0QM2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Berner Kantonalbank (0QM2) -0.3% -1.4% 12% 31.5% - -
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
  • 0QM2 outperformed the Banks industry which returned -7.8% over the past year.
  • 0QM2 outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0QM2
Industry
5yr Volatility vs Market

0QM2 Value

 Is Berner 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 Berner 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 Berner Kantonalbank.

LSE:0QM2 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
= CHF269.13 * 5.4%
CHF14.64
Book Value of Equity per Share Median Book Value from the past 5 years. CHF269.13
Discount Rate (Cost of Equity) See below 10.5%
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:0QM2
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%) (256.34%))
1.562
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.56
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.562 * 5.96%)
10.54%

Discounted Cash Flow Calculation for LSE:0QM2 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Berner 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:0QM2 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.4% – 10.54%) * CHF269.13)
CHF-13.72
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF-13.72 / (10.54% - 1.23%)
CHF-147.33
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF269.13 + CHF-147.33
CHF121.8
LSE:0QM2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0QM2 represents 0.99454x of SWX:BEKN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99454x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 121.80 x 0.99454
CHF121.13
Value per share (CHF) From above. CHF121.13
Current discount Discount to share price of CHF236.70
= -1 x (CHF236.70 - CHF121.13) / CHF121.13
-95.4%

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

  • The current share price of Berner 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 Berner Kantonalbank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Berner Kantonalbank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0QM2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF15.11
SWX:BEKN Share Price ** SWX (2019-04-18) in CHF CHF238
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 Berner Kantonalbank.

LSE:0QM2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 238 ÷ 15.11

15.76x

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

  • Berner Kantonalbank is overvalued based on earnings compared to the GB Banks industry average.
  • Berner Kantonalbank is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Berner Kantonalbank's expected growth come at a high price?
Raw Data
LSE:0QM2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8.2%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:0QM2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.76x ÷ 8.2%

1.92x

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

  • Berner Kantonalbank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Berner Kantonalbank's assets?
Raw Data
LSE:0QM2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF278.47
SWX:BEKN Share Price * SWX (2019-04-18) in CHF CHF238
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:0QM2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 238 ÷ 278.47

0.85x

* Primary Listing of Berner Kantonalbank.

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

  • Berner Kantonalbank is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Berner 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. Berner Kantonalbank has a total score of 2/6, 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.

0QM2 Future Performance

 How is Berner Kantonalbank expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Berner Kantonalbank expected to grow at an attractive rate?
  • Berner Kantonalbank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Berner Kantonalbank's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Berner Kantonalbank's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0QM2 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0QM2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8.2%
LSE:0QM2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.7%
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:0QM2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0QM2 Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 488 178 1
2020-12-31 447 157 1
2019-12-31 428 142 1
LSE:0QM2 Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 383 -870 141
2018-09-30 385 140
2018-06-30 387 139
2018-03-31 398 138
2017-12-31 408 -953 137
2017-09-30 407 134
2017-06-30 407 131
2017-03-31 401 130
2016-12-31 395 -756 129
2016-09-30 395 130
2016-06-30 396 130
2016-03-31 400 131

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Berner Kantonalbank's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • Berner Kantonalbank's revenue is expected to grow by 7.7% 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:0QM2 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 1 Analyst Estimates (S&P Global) See Below

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

LSE:0QM2 Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 18.65 18.65 18.65 1.00
2020-12-31 16.36 16.36 16.36 1.00
2019-12-31 14.89 14.89 14.89 1.00
LSE:0QM2 Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 15.11
2018-09-30 15.09
2018-06-30
2018-03-31
2017-12-31 14.75
2017-09-30 14.47
2017-06-30
2017-03-31
2016-12-31 13.88
2016-09-30 14.04
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.
  • Berner Kantonalbank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Berner 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.
Berner Kantonalbank has a total score of 2/6, 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.

0QM2 Past Performance

  How has Berner 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 Berner 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.
  • Berner Kantonalbank's year on year earnings growth rate has been positive over the past 5 years.
  • Berner Kantonalbank's 1-year earnings growth exceeds its 5-year average (2.4% vs 1.6%)
  • Berner Kantonalbank's earnings growth has not exceeded the GB Banks industry average in the past year (2.4% vs 42.2%).
Earnings and Revenue History
Berner 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 Berner Kantonalbank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0QM2 Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 382.82 140.79 247.84
2018-09-30 384.96 139.67 250.10
2018-06-30 387.09 138.55 252.36
2018-03-31 397.61 137.99 252.15
2017-12-31 408.13 137.43 251.94
2017-09-30 407.40 134.15 249.72
2017-06-30 406.66 130.88 247.49
2017-03-31 400.68 130.14 247.90
2016-12-31 394.70 129.40 248.31
2016-09-30 395.31 129.84 250.57
2016-06-30 395.92 130.28 252.83
2016-03-31 400.35 130.77 253.23
2015-12-31 404.77 131.26 253.64
2015-09-30 412.99 130.15 245.58
2015-06-30 421.20 129.04 237.52
2015-03-31 429.16 129.71 247.69
2014-12-31 437.12 130.37 257.87
2014-09-30 458.92 129.51 273.59
2014-06-30 480.71 128.65 289.32
2014-03-31 496.25 129.39 289.45
2013-12-31 511.79 130.13 289.59
2013-09-30 511.76 129.51 292.63
2013-06-30 511.73 128.89 295.68
2013-03-31 502.02 128.47 295.65
2012-12-31 492.31 128.05 295.62
2012-09-30 478.06 128.69 290.41
2012-06-30 463.81 129.33 285.20

*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.
  • Berner Kantonalbank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Berner Kantonalbank used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Berner 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 Berner 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.
Berner 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.

0QM2 Health

 How is Berner 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 Berner 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 Berner Kantonalbank Company Filings, last reported 3 months ago.

LSE:0QM2 Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,577.09 5,646.20 3,619.15
2018-09-30 2,577.09 5,646.20 3,619.15
2018-06-30 2,494.46 5,530.14 3,666.21
2018-03-31 2,494.46 5,530.14 3,666.21
2017-12-31 2,494.66 4,334.21 3,804.37
2017-09-30 2,494.66 4,334.21 3,804.37
2017-06-30 2,412.82 4,487.93 3,701.67
2017-03-31 2,412.82 4,487.93 3,701.67
2016-12-31 2,397.39 3,535.76 3,844.44
2016-09-30 2,397.39 3,535.76 3,844.44
2016-06-30 2,335.62 4,082.51 3,711.61
2016-03-31 2,335.62 4,082.51 3,711.61
2015-12-31 2,323.37 3,164.94 3,629.87
2015-09-30 2,323.37 3,164.94 3,629.87
2015-06-30 2,323.05 3,042.78 2,883.66
2015-03-31 2,323.05 3,042.78 2,883.66
2014-12-31 2,300.38 1,921.96 1,576.17
2014-09-30 2,300.38 1,921.96 1,576.17
2014-06-30 2,205.46 1,566.27 1,897.45
2014-03-31 2,205.46 1,566.27 1,897.45
2013-12-31 2,177.56 1,771.41 2,535.53
2013-09-30 2,177.56 1,771.41 2,535.53
2013-06-30 2,103.61 1,629.13 1,268.99
2013-03-31 2,103.61 1,629.13 1,268.99
2012-12-31 2,100.60 1,939.40 2,293.42
2012-09-30 2,100.60 1,939.40 2,293.42
2012-06-30 2,029.33 1,862.96 2,153.82
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.
  • Berner Kantonalbank has an acceptable proportion of non-loan assets held.
  • Berner Kantonalbank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Berner Kantonalbank are broadly funded by customer deposits.
  • Berner Kantonalbank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Berner Kantonalbank has a sufficient allowance for bad loans.
  • Berner Kantonalbank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Berner 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. Berner 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.

0QM2 Dividends

 What is Berner 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
3.36%
Current annual income from Berner Kantonalbank dividends. Estimated to be 3.78% next year.
If you bought CHF2,000 of Berner Kantonalbank shares you are expected to receive CHF67 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?
  • Berner 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%).
  • Berner Kantonalbank's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Berner Kantonalbank before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0QM2 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 1 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:0QM2 Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 9.60 1.00
2020-12-31 9.00 1.00
2019-12-31 8.40 1.00
LSE:0QM2 Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-13 8.000 3.355
2018-03-14 6.600 3.288
2017-03-15 6.200 3.390
2017-01-26 6.200 3.308
2016-03-03 6.000 3.202
2015-03-05 5.800 3.047
2014-03-04 5.500 2.870
2013-03-14 5.300 2.300
2012-03-15 5.300 2.093
2011-03-09 5.100 2.061
2010-03-01 4.800 2.000
2009-08-21 4.400 1.898
2009-04-20 4.100 1.751

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 Berner Kantonalbank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
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Income/ dividend checks
We assess Berner 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 Berner Kantonalbank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Berner 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.

0QM2 Management

 What is the CEO of Berner 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
Hanspeter Rüfenacht
COMPENSATION CHF1,008,000
AGE 60
TENURE AS CEO 7.3 years
CEO Bio

Mr. Hanspeter Rufenacht serves as Chairman of the Management Board at Berner Kantonalbank AG and serves as its Head of Private & Corporate Customers. Mr. Rufenacht served as the Chief Executive Officer at Berner Kantonalbank AG since January 1,2012 and served as its Member of the Executive Board since September 1, 2010 and also served as its Head of Company Management. Mr. Rufenacht served as Head of Consulting & Sales at Berner Kantonalbank AG. Mr. Rufenacht joined BEKB | BCBE in 1999 and served as its Head of Counseling & Sales since September 1, 2010 and Vice Chief Executive Officer.

CEO Compensation
  • Hanspeter's compensation has been consistent with company performance over the past year.
  • Hanspeter'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 Berner Kantonalbank management team in years:

2.3
Average Tenure
53
Average Age
  • The tenure for the Berner Kantonalbank management team is about average.
Management Team

Hanspeter Rüfenacht

TITLE
Executive Board Chairman & CEO
COMPENSATION
CHF1M
AGE
60
TENURE
7.3 yrs

Alois Schärli

TITLE
Head of Finance & Member of Management Board
AGE
56
TENURE
0.3 yrs

Marcel Oertle

TITLE
Head of the Private Customers & Corporate Clients Department and Member of Management Board
AGE
50
TENURE
0.3 yrs

Mark Haller

TITLE
Head of Department Production & Operations and Member of Management Board
AGE
44
TENURE
2.3 yrs

Armin Brun

TITLE
Head of Department Investment Clients and Corporate Clients & Member of Management Board
AGE
53
TENURE
2.3 yrs

Christian Heiniger

TITLE
Head of Accounting & Controlling

Florian Kurz

TITLE
Investor Relations

Ariane Ryser

TITLE
Head of Legal service & Compliance

Karl-Martin Wyss

TITLE
Head of Marketing

Thomas Gosteli

TITLE
Head of Human Resources & Training
Board of Directors Tenure

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

3.9
Average Tenure
61.5
Average Age
  • The tenure for the Berner Kantonalbank board of directors is about average.
Board of Directors

Antoinette Hunziker-Ebneter

TITLE
Chairwoman of the Board
COMPENSATION
CHF540K
AGE
58
TENURE
3.9 yrs

Rudolf Stämpfli

TITLE
Vice-Chairman of the Board
COMPENSATION
CHF106K
AGE
63
TENURE
3.9 yrs

Peter Wittwer

TITLE
Director
COMPENSATION
CHF132K
AGE
67
TENURE
3.9 yrs

Daniel Bloch

TITLE
Director
COMPENSATION
CHF118K
AGE
55
TENURE
10.9 yrs

Peter Siegenthaler

TITLE
Director
COMPENSATION
CHF112K
AGE
70
TENURE
6.9 yrs

Eva Jaisli

TITLE
Director
COMPENSATION
CHF103K
AGE
60
TENURE
2.9 yrs

Christoph Lengwiler

TITLE
Director
COMPENSATION
CHF113K
AGE
59
TENURE
2.9 yrs

Jürg Rebsamen

TITLE
Director
COMPENSATION
CHF102K
AGE
65
TENURE
2.9 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 Berner 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. Berner 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.

0QM2 News

Simply Wall St News

0QM2 Company Info

Description

Berner Kantonalbank AG, a cantonal bank, offers various banking products and financial services to private individuals and corporate customers in Switzerland. It offers investment, shareholder, youth, education, and SME savings accounts; deposit, current, rental, capital payment, and client funds accounts; investment products, which include investment advice, financial and pension planning, tax and estate advice, money-net trading, term and promissory notes, and various fund products; mortgages; and construction, investment, personal, syndicated, and operating loans. The company also provides real estate, capital market, complex, structured, project, start-up, and mergers and acquisitions financing products; documentary letter of credit, documentary collection, and payment guarantees; hedging transactions; pension products; asset management services, including investment strategy consulting, portfolio optimization and simulation, investment funds, and securities accounting products, as well as trades in stocks, bonds, derivatives, foreign exchange, and money market instruments. In addition, it offers credit, debit, and prepaid cards; travel cash; business and corporate cards; and mobile and e-banking services. Berner Kantonalbank AG operates through a network of 60 branches. The company was formerly known as Kantonalbank von Bern and changed its name to Berner Kantonalbank AG in 1991. Berner Kantonalbank AG was founded in 1834 and is headquartered in Bern, Switzerland.

Details
Name: Berner Kantonalbank AG
0QM2
Exchange: LSE
Founded: 1834
CHF2,202,594,562
9,254,599
Website: http://www.bekb.ch
Address: Berner Kantonalbank AG
Bundesplatz 8,
Bern,
Bern, 3011,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX BEKN Registered Shares SIX Swiss Exchange CH CHF 07. May 1999
DB BEHV Registered Shares Deutsche Boerse AG DE EUR 07. May 1999
LSE 0QM2 Registered Shares London Stock Exchange GB CHF 07. May 1999
BATS-CHIXE BEKNZ Registered Shares BATS 'Chi-X Europe' GB CHF 07. May 1999
Number of employees
Current staff
Staff numbers
1,000
Berner 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: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.