Swiss Life Holding AG

LSE:0QMG Stock Report

Market Cap: CHF 20.6b

Swiss Life Holding Valuation

Is 0QMG 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 0QMG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QMG (CHF725.4) is trading below our estimate of fair value (CHF807.31)

Significantly Below Fair Value: 0QMG is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QMG?

Key metric: As 0QMG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QMG. This is calculated by dividing 0QMG's market cap by their current earnings.
What is 0QMG's PE Ratio?
PE Ratio18.8x
EarningsCHF 1.08b
Market CapCHF 20.56b

Price to Earnings Ratio vs Peers

How does 0QMG's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QMG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41x
PRU Prudential
25x28.4%UK£17.5b
LGEN Legal & General Group
46.3x28.0%UK£13.0b
JUST Just Group
17.2x8.2%UK£1.5b
CSN Chesnara
75.5x11.8%UK£377.5m
0QMG Swiss Life Holding
18.8x2.9%CHF 20.3b

Price-To-Earnings vs Peers: 0QMG is good value based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (41x).

Price to Earnings Ratio vs Industry

How does 0QMG's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0QMG 18.8xIndustry Avg. 11.8xNo. of Companies12PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QMG is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0QMG'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.

0QMG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.8x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: 0QMG is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

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 0QMG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 725.40
CHF 713.09
-1.7%
8.7%CHF 805.00CHF 630.00n/a11
Nov ’25CHF 713.40
CHF 678.64
-4.9%
9.5%CHF 785.00CHF 550.00n/a11
Oct ’25CHF 704.13
CHF 668.50
-5.1%
8.7%CHF 770.00CHF 550.00n/a10
Sep ’25CHF 686.00
CHF 644.75
-6.0%
9.7%CHF 770.00CHF 550.00n/a8
Aug ’25CHF 673.80
CHF 644.75
-4.3%
9.7%CHF 770.00CHF 550.00n/a8
Jul ’25CHF 665.90
CHF 630.13
-5.4%
6.8%CHF 693.00CHF 550.00n/a8
Jun ’25CHF 625.60
CHF 629.88
+0.7%
6.9%CHF 693.00CHF 550.00n/a8
May ’25CHF 621.00
CHF 628.50
+1.2%
6.7%CHF 690.00CHF 550.00n/a8
Apr ’25CHF 630.14
CHF 627.63
-0.4%
6.8%CHF 690.00CHF 550.00n/a8
Mar ’25CHF 644.56
CHF 623.94
-3.2%
6.9%CHF 690.00CHF 550.00n/a8
Feb ’25CHF 612.40
CHF 624.94
+2.0%
6.8%CHF 690.00CHF 550.00n/a9
Jan ’25CHF 584.00
CHF 604.48
+3.5%
5.0%CHF 653.00CHF 550.00n/a9
Dec ’24CHF 565.60
CHF 600.92
+6.2%
5.3%CHF 653.00CHF 550.00n/a9
Nov ’24CHF 584.10
CHF 599.46
+2.6%
8.5%CHF 653.00CHF 476.80CHF 713.409
Oct ’24CHF 570.80
CHF 600.90
+5.3%
8.6%CHF 653.00CHF 476.80CHF 704.139
Sep ’24CHF 556.18
CHF 594.01
+6.8%
8.4%CHF 653.00CHF 476.80CHF 686.009
Aug ’24CHF 552.80
CHF 597.61
+8.1%
8.1%CHF 653.00CHF 476.80CHF 673.8010
Jul ’24CHF 523.00
CHF 593.68
+13.5%
7.9%CHF 633.00CHF 476.80CHF 665.909
Jun ’24CHF 529.45
CHF 593.70
+12.1%
7.9%CHF 633.00CHF 477.00CHF 625.609
May ’24CHF 586.44
CHF 597.21
+1.8%
9.3%CHF 701.00CHF 477.00CHF 621.0010
Apr ’24CHF 563.20
CHF 589.01
+4.6%
7.5%CHF 630.00CHF 477.00CHF 630.1410
Mar ’24CHF 586.47
CHF 561.35
-4.3%
8.3%CHF 624.00CHF 477.00CHF 644.569
Feb ’24CHF 541.27
CHF 554.68
+2.5%
8.1%CHF 624.00CHF 477.00CHF 612.409
Jan ’24CHF 479.21
CHF 552.80
+15.4%
8.1%CHF 624.00CHF 477.00CHF 584.009
Dec ’23CHF 507.68
CHF 552.77
+8.9%
8.1%CHF 624.00CHF 476.80CHF 565.609
Nov ’23CHF 484.63
CHF 556.88
+14.9%
9.0%CHF 650.00CHF 476.80CHF 584.109

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

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