Vontobel Holding AG

BATS-CHIXE:VONNZ Stock Report

Market Cap: CHF 3.2b

Vontobel Holding Valuation

Is VONNZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VONNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VONNZ (CHF57.8) is trading below our estimate of fair value (CHF86.1)

Significantly Below Fair Value: VONNZ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VONNZ?

Key metric: As VONNZ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VONNZ. This is calculated by dividing VONNZ's market cap by their current earnings.
What is VONNZ's PE Ratio?
PE Ratio14.9x
EarningsCHF 217.40m
Market CapCHF 3.25b

Price to Earnings Ratio vs Peers

How does VONNZ's PE Ratio compare to its peers?

The above table shows the PE ratio for VONNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.6x
EMG Man Group
9.7x15.0%UK£2.4b
PHLL Petershill Partners
9.8x34.7%UK£2.7b
ABDN abrdn
7.9x-20.9%UK£2.5b
BPT Bridgepoint Group
42.9x33.2%UK£2.8b
VONNZ Vontobel Holding
14.9x17.7%CHF 3.2b

Price-To-Earnings vs Peers: VONNZ is good value based on its Price-To-Earnings Ratio (14.9x) compared to the peer average (17.6x).

Price to Earnings Ratio vs Industry

How does VONNZ's PE Ratio compare vs other companies in the GB Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.2xn/aUS$35.25m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.4xn/aUS$5.78m
MAFL Mineral & Financial Investments
1.9xn/aUS$4.82m
No more companies available in this PE range
No. of Companies18PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VONNZ is expensive based on its Price-To-Earnings Ratio (14.9x) compared to the UK Capital Markets industry average (12.3x).

Price to Earnings Ratio vs Fair Ratio

What is VONNZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VONNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.9x
Fair PE Ratio19.1x

Price-To-Earnings vs Fair Ratio: VONNZ is good value based on its Price-To-Earnings Ratio (14.9x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VONNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 57.80
CHF 57.00
-1.4%
10.8%CHF 65.00CHF 50.00n/a3
Nov ’25CHF 56.50
CHF 57.33
+1.5%
10.1%CHF 65.00CHF 51.00n/a3
Oct ’25CHF 54.80
CHF 52.75
-3.7%
4.3%CHF 55.00CHF 50.50n/a2
Sep ’25CHF 55.80
CHF 52.75
-5.5%
4.3%CHF 55.00CHF 50.50n/a2
Aug ’25CHF 57.60
CHF 53.15
-7.7%
3.5%CHF 55.00CHF 51.30n/a2
Jul ’25CHF 54.00
CHF 51.40
-4.8%
2.7%CHF 52.80CHF 50.00n/a2
Jun ’25CHF 54.20
CHF 51.40
-5.2%
2.7%CHF 52.80CHF 50.00n/a2
May ’25CHF 51.80
CHF 51.40
-0.8%
2.7%CHF 52.80CHF 50.00n/a2
Apr ’25CHF 54.80
CHF 54.00
-1.5%
7.4%CHF 58.00CHF 50.00n/a2
Mar ’25CHF 53.85
CHF 55.00
+2.1%
5.5%CHF 58.00CHF 52.00n/a2
Feb ’25CHF 55.80
CHF 54.00
-3.2%
3.7%CHF 56.00CHF 52.00n/a2
Jan ’25CHF 54.50
CHF 52.00
-4.6%
7.7%CHF 56.00CHF 48.00n/a2
Dec ’24CHF 51.10
CHF 52.00
+1.8%
7.7%CHF 56.00CHF 48.00n/a2
Nov ’24CHF 53.90
CHF 53.75
-0.3%
4.2%CHF 56.00CHF 51.50CHF 56.502
Oct ’24CHF 54.60
CHF 57.75
+5.8%
3.0%CHF 59.50CHF 56.00CHF 54.802
Sep ’24CHF 55.20
CHF 57.75
+4.6%
3.0%CHF 59.50CHF 56.00CHF 55.802
Aug ’24CHF 59.00
CHF 57.50
-2.5%
2.6%CHF 59.50CHF 56.00CHF 57.603
Jul ’24CHF 56.60
CHF 57.17
+1.0%
1.8%CHF 58.50CHF 56.00CHF 54.003
Jun ’24CHF 59.10
CHF 57.17
-3.3%
1.8%CHF 58.50CHF 56.00CHF 54.203
May ’24CHF 59.80
CHF 56.67
-5.2%
0.8%CHF 57.00CHF 56.00CHF 51.803
Apr ’24CHF 59.20
CHF 58.17
-1.7%
2.8%CHF 60.00CHF 56.00CHF 54.803
Mar ’24CHF 58.90
CHF 58.17
-1.2%
2.8%CHF 60.00CHF 56.00CHF 53.853
Feb ’24CHF 65.10
CHF 61.25
-5.9%
2.0%CHF 62.50CHF 60.00CHF 55.802

Analyst Forecast: Target price is lower than the current share price.

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