Vontobel Holding Valuation

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

Below Fair Value: VONH.F ($64.07) is trading below our estimate of fair value ($94.51)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VONH.F?

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

The above table shows the Price to Earnings ratio for VONH.F. This is calculated by dividing VONH.F's market cap by their current earnings.
What is VONH.F's PE Ratio?
PE Ratio	14.6x
Earnings	CHF 217.40m
Market Cap	CHF 3.18b

VONH.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does VONH.F's PE Ratio compare to its peers?

The above table shows the PE ratio for VONH.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	20.7x
APAM Artisan Partners Asset Management	14.4x	6.9%	US$3.8b
VCTR Victory Capital Holdings	16.6x	31.5%	US$4.4b
CNS Cohen & Steers	38.7x	n/a	US$5.2b
FHI Federated Hermes	13x	9.5%	US$3.3b
VONH.F Vontobel Holding	14.6x	13.7%	US$3.2b

Price-To-Earnings vs Peers: VONH.F is good value based on its Price-To-Earnings Ratio (14.6x) compared to the peer average (19.7x).

Price to Earnings Ratio vs Industry

How does VONH.F's PE Ratio compare vs other companies in the US Capital Markets Industry?

23 Companies	Price / Earnings	Estimated Growth	Market Cap
ADX Adams Diversified Equity Fund	3.6x	n/a	US$2.28b
CET Central Securities	4.5x	n/a	US$1.32b
GAM General American Investors Company	4.1x	n/a	US$1.17b
MUDS Mudrick Capital Acquisition Corporation II	3.4x	n/a	US$401.64m

23 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: VONH.F is good value based on its Price-To-Earnings Ratio (14.6x) compared to the US Capital Markets industry average (23.1x).

Price to Earnings Ratio vs Fair Ratio

What is VONH.F'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.

VONH.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VONH.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

International Money Express

US$663.0m

Operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia.

IMXI

US$21.32

2.2%

0.09%

Investor

SEK 911.2b

A private equity firm specializing in mature, middle market, buyouts and growth capital investments.

IVSB.F

SEK 27.00

2.9%

31.6%

VEF

SEK 2.2b

A venture capital firm specializing in early venture, emerging growth and growth capital investments.

VEFF.F

SEK 0.20

n/a