Helvetia Holding AG

BATS-CHIXE:HELNZ Stock Report

Market Cap: CHF 7.8b

Helvetia Holding Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 HELNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HELNZ (CHF147.9) is trading below our estimate of fair value (CHF204.19)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HELNZ. This is calculated by dividing HELNZ's market cap by their current earnings.
What is HELNZ's PE Ratio?
PE Ratio28.7x
EarningsCHF 272.42m
Market CapCHF 7.82b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HELNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.1x
AV. Aviva
9.7x5.9%UK£12.3b
LGEN Legal & General Group
46.8x29.6%UK£13.1b
DLG Direct Line Insurance Group
10.9x8.2%UK£3.3b
BEZ Beazley
4.9x-17.8%UK£5.1b
HELNZ Helvetia Holding
28.7x14.7%CHF 7.8b

Price-To-Earnings vs Peers: HELNZ is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (18.1x).

Price to Earnings Ratio vs Industry

How does HELNZ's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies13PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HELNZ is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is HELNZ'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.

HELNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.7x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: HELNZ is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

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 HELNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 147.90
CHF 146.20
-1.1%
7.9%CHF 160.00CHF 125.00n/a5
Dec ’25CHF 154.50
CHF 148.20
-4.1%
9.6%CHF 170.00CHF 125.00n/a5
Nov ’25CHF 147.90
CHF 139.40
-5.7%
15.7%CHF 170.00CHF 106.00n/a5
Oct ’25CHF 146.15
CHF 137.25
-6.1%
17.5%CHF 170.00CHF 106.00n/a4
Sep ’25CHF 134.00
CHF 115.50
-13.8%
8.2%CHF 125.00CHF 106.00n/a2
Aug ’25CHF 131.90
CHF 115.50
-12.4%
8.2%CHF 125.00CHF 106.00n/a2
Jul ’25CHF 123.00
CHF 110.67
-10.0%
9.3%CHF 125.00CHF 101.00n/a3
Jun ’25CHF 121.10
CHF 110.67
-8.6%
9.3%CHF 125.00CHF 101.00n/a3
May ’25CHF 120.50
CHF 110.67
-8.2%
9.3%CHF 125.00CHF 101.00n/a3
Apr ’25CHF 124.10
CHF 110.67
-10.8%
9.3%CHF 125.00CHF 101.00n/a3
Mar ’25CHF 125.90
CHF 111.00
-11.8%
9.0%CHF 125.00CHF 102.00n/a3
Feb ’25CHF 124.80
CHF 111.00
-11.1%
9.0%CHF 125.00CHF 102.00n/a3
Jan ’25CHF 115.85
CHF 111.00
-4.2%
9.0%CHF 125.00CHF 102.00n/a3
Dec ’24CHF 119.40
CHF 114.33
-4.2%
12.9%CHF 135.00CHF 102.00CHF 154.503
Nov ’24CHF 123.60
CHF 110.93
-10.2%
16.0%CHF 135.00CHF 92.80CHF 147.903
Oct ’24CHF 128.70
CHF 115.27
-10.4%
15.0%CHF 135.00CHF 92.80CHF 146.153
Sep ’24CHF 135.30
CHF 115.27
-14.8%
15.0%CHF 135.00CHF 92.80CHF 134.003
Aug ’24CHF 129.30
CHF 115.27
-10.9%
15.0%CHF 135.00CHF 92.80CHF 131.903
Jul ’24CHF 120.90
CHF 115.27
-4.7%
15.0%CHF 135.00CHF 92.80CHF 123.003
Jun ’24CHF 124.40
CHF 115.33
-7.3%
15.0%CHF 135.00CHF 93.00CHF 121.103
May ’24CHF 133.20
CHF 110.67
-16.9%
11.3%CHF 121.00CHF 93.00CHF 120.503
Apr ’24CHF 127.00
CHF 110.67
-12.9%
11.3%CHF 121.00CHF 93.00CHF 124.103
Mar ’24CHF 120.30
CHF 104.67
-13.0%
11.4%CHF 121.00CHF 93.00CHF 125.903
Feb ’24CHF 113.40
CHF 104.67
-7.7%
11.4%CHF 121.00CHF 93.00CHF 124.803
Jan ’24CHF 108.20
CHF 100.00
-7.6%
5.7%CHF 107.00CHF 93.00CHF 115.853
Dec ’23CHF 106.60
CHF 103.50
-2.9%
3.4%CHF 107.00CHF 100.00CHF 119.402

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 17:59
End of Day Share Price 2024/12/23 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Helvetia Holding AG is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dieter HeinAlphaValue
Daniel BischofBaader Helvea Equity Research
Stefan SchürmannBank Vontobel AG