Valiant Holding (VATN) Price & Analysis

Compare

2 Followers

VATN Stock Chart & Stats

CHF161.00

-CHF1.00(-0.84%)

At close: Mar 06 4:00 PM EST

CHF161.00

-CHF1.00(-0.84%)

Day’s Range― - ―

52-Week RangeCHF108.00 - CHF163.40

Previous CloseN/A

Volume7.55K

Average Volume (3M)12.81K

Market Cap

CHF2.54B

Enterprise ValueCHF14.65B

Total Cash (Recent Filing)CHF4.56B

Total Debt (Recent Filing)CHF10.85B

Price to Earnings (P/E)16.4

Beta0.26

Next Earnings

May 07, 2026

EPS Estimate

2.61

Next Dividend Ex-DateN/A

Dividend Yield3.88%

Share Statistics

EPS (TTM)3.06

Shares Outstanding15,792,461

10 Day Avg. Volume13,808

30 Day Avg. Volume12,806

Financial Highlights & Ratios

PEG Ratio2.60

Price to Book (P/B)0.62

Price to Sales (P/S)2.00

P/FCF Ratio9.56

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

CHF119.00

Price Target Upside-26.09% Downside

Rating ConsensusModerate Sell

Number of Analyst Covering1

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

Bulls Say, Bears Say

Bulls Say

Profitability MarginsSustained very high gross margins and a healthy net margin indicate durable cost advantages and pricing power across subsidiaries. Strong margins support internal reinvestment, dividend capacity and resilience to margin pressure, bolstering long-term earnings quality.

Free Cash Flow GenerationA dramatic improvement in free cash flow and near-parity FCF to net income show the company can convert profits into usable cash. This strengthens ability to fund capex, acquisitions, dividends or debt repayment over the medium term, enhancing financial flexibility.

Diversified Investment ModelOperating across multiple sectors lowers single-industry cyclicality and allows capital reallocation to higher-return subsidiaries. The holding structure and operational expertise can sustainably extract efficiencies and scale benefits across portfolio companies.

Bears Say

High LeverageA very high debt/equity ratio increases financial risk and interest burden, reducing strategic flexibility. Over a 2–6 month horizon this leverage heightens vulnerability to earnings or cash-flow volatility and can constrain ability to invest or pursue M&A without refinancing risks.

Revenue InstabilityPersistent and recent steep revenue declines undermine the sustainability of margins and cash generation. Top-line weakness makes future earnings and free cash flow less predictable, complicating deleveraging and capital allocation decisions across the portfolio.

Weak Cash Conversion Of EarningsVery poor operating cash conversion suggests earnings quality issues or working-capital strain that limit usable cash despite positive accounting profits. This structural shortfall impairs debt servicing capacity and restricts sustainable funding for operations or growth initiatives.

Valiant Holding News

0QPU Earnings this Week: How Will it Perform?

Valiant Holding Ag (0QPU) is scheduled to report 2nd quarter earnings on 07/25/2025. Regarding Q2 estimates, Wall Street...

7M ago

0QPU Upcoming Earnings Report: What to Expect?

Valiant Holding Ag (0QPU) is scheduled to report 4th quarter earnings on 02/05/2025. Regarding Q4 estimates, Wall Street...

1y ago

0QPU

Is 0QPU a Buy, Before Earnings?

Valiant Holding Ag (0QPU) is scheduled to report 2nd quarter earnings on 07/25/2024. Regarding Q2 estimates, Wall Street...

2y ago

0QPU

Is 0QPU a Buy, Before Earnings?

Valiant Holding Ag (0QPU) is scheduled to report 1st quarter earnings on 05/03/2024. Regarding Q1 estimates, Wall Street...

2y ago

0QPU

VATN FAQ

What was Valiant Holding’s price range in the past 12 months?

Valiant Holding lowest stock price was CHF108.00 and its highest was CHF163.40 in the past 12 months.

What is Valiant Holding’s market cap?

Valiant Holding’s market cap is CHF2.54B.

When is Valiant Holding’s upcoming earnings report date?

Valiant Holding’s upcoming earnings report date is May 07, 2026 which is in 79 days.

How were Valiant Holding’s earnings last quarter?

Valiant Holding released its earnings results on Feb 05, 2026. The company reported CHF3.065 earnings per share for the quarter, the consensus estimate of CHF3.065 by CHF0.

Is Valiant Holding overvalued?

According to Wall Street analysts Valiant Holding’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Valiant Holding pay dividends?

Valiant Holding pays a Annually dividend of CHF5.8 which represents an annual dividend yield of 3.88%. See more information on Valiant Holding dividends here

What is Valiant Holding’s EPS estimate?

Valiant Holding’s EPS estimate is 2.61.

How many shares outstanding does Valiant Holding have?

Valiant Holding has 15,792,461 shares outstanding.

What happened to Valiant Holding’s price movement after its last earnings report?

Valiant Holding reported an EPS of CHF3.065 in its last earnings report, expectations of CHF3.065. Following the earnings report the stock price went up 0.254%.

Which hedge fund is a major shareholder of Valiant Holding?

Currently, no hedge funds are holding shares in CH:VATN

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Valiant Holding

Valiant Holding AG, together with its subsidiaries, provides financial services to private retail clients, affluent private clients, self-employed individuals, and small and medium-sized companies. The company offers savings; real estate financing; loans for working capital and other basic services for businesses; unsecured and consumer loans; payment transaction services through its mobile banking app; and retirement planning and investment solutions, as well as electronic banking services. It operates 14 cantons in Switzerland. The company was founded in 1824 and is based in Lucerne, Switzerland.

Valiant Holding (VATN) Earnings & Revenues

Historic Earnings Reports

VATN Stock 12 Month Forecast

Average Price Target

CHF119.00

▼(-26.09% Downside)

{"navigator":{"disabled":true},"exporting":{"enabled":false},"title":{"text":null},"chart":{"height":200,"style":{"fontFamily":"Roboto Flex, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol","fontWeight":"400","color":"#5d5d5e"},"spacingTop":30,"spacingRight":60,"events":null},"yAxis":{"labels":{"style":{"color":"inherit"},"distance":6,"x":-6,"y":-6,"zIndex":1,"map_label_formatter":{"101":"CHF101","115":"CHF115","129":"CHF129","143":"CHF143","157":"CHF157"}},"plotLines":[{"color":"rgba(0,0,0,0)","value":119,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":-10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-bottom flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#199ca5\">High </span>\n\n  <span style=\"color:#199ca5\">CHF119.00</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":119,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":0,"text":"<div  class=\"positionrelative hoverZ3 triangleleft flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#828080\">Average </span>\n\n  <span style=\"color:#828080\">CHF119.00</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":119,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-top flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#912767\">Low </span>\n\n  <span style=\"color:#912767\">CHF119.00</span>\n  </div></div>","useHTML":true}}],"tickPositions":[101,115,129,143,157],"lineColor":"#dddddd","gridLineWidth":1,"gridLineColor":"#dddddd","lineWidth":1,"title":{"text":""}},"plotOptions":{"series":{"states":{"inactive":{"opacity":1}}},"line":{"animation":{"duration":0},"dataLabels":{"allowOverlap":true},"borderWidth":1,"marker":{"enabled":true,"fillColor":"#FFFFFF","radius":3,"lineWidth":2,"symbol":"circle","lineColor":"#828080"}}},"xAxis":{"labels":{"style":{"color":"inherit"},"rotation":0,"map_label_formatter":{"3":"May<br/>2025","6":"Aug<br/>2025","9":"Nov<br/>2025","12":"Feb<br/>2026","25":"Feb<br/>2027"}},"tickPositions":[3,6,9,12,25],"plotLines":[{"color":"#dddddd","width":1,"value":12},{"color":"#dddddd","width":1,"value":12}],"lineWidth":0,"gridLineWidth":1,"gridLineColor":"#dddddd","tickLength":0},"legend":{"symbolRadius":0,"symbolPadding":4,"symbolHeight":14,"borderWidth":0,"symbolWidth":14,"align":"left","verticalAlign":"bottom","enabled":false},"tooltip":{"backgroundColor":"rgba(0,0,0,0)","useHTML":true,"borderWidth":0,"borderColor":"rgba(0,0,0,0)","padding":0,"shadow":null,"headerFormat":"","footerFormat":"","pointFormat":"<div class=\"flexccc lineHeight2 bgwhite shadow2 px3 py3 radiismall fonth10_semibold\">\n                <span class=\"colorgray-3 mb4\">{point.date:%b %d ,%Y}</span>\n                <span>Analyst Consensus</span>\n                {point.info}\n          </div>\n           </div>"},"credits":{"enabled":false},"accessibility":{"description":""},"responsive":{"rules":[{"chartOptions":{"chart":{"spacing":[0,0,0,0],"margin":[30,60,40,5]},"xAxis":{"tickPositions":[3,12,25.25]},"yAxis":{"labels":{"enabled":false}},"title":{"text":null},"subtitle":{"text":null}},"condition":{"maxWidth":500}}]},"series":[{"lineWidth":2,"dashStyle":"ShortDash","name":"High","type":"line","color":"#199ca5","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,156.2,153.33846153846153,150.47692307692307,147.6153846153846,144.75384615384615,141.8923076923077,139.03076923076924,136.16923076923075,133.3076923076923,130.44615384615383,127.58461538461538,124.72307692307692,121.86153846153846,{"y":119,"marker":{"fillColor":"#199ca5","lineColor":"#199ca5","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Average","type":"line","color":"#828080","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,156.2,153.33846153846153,150.47692307692307,147.6153846153846,144.75384615384615,141.8923076923077,139.03076923076924,136.16923076923075,133.3076923076923,130.44615384615383,127.58461538461538,124.72307692307692,121.86153846153846,{"y":119,"marker":{"fillColor":"#828080","lineColor":"#828080","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Low","type":"line","color":"#912767","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,156.2,153.33846153846153,150.47692307692307,147.6153846153846,144.75384615384615,141.8923076923077,139.03076923076924,136.16923076923075,133.3076923076923,130.44615384615383,127.58461538461538,124.72307692307692,121.86153846153846,{"y":119,"marker":{"fillColor":"#912767","lineColor":"#912767","enabled":true,"symbol":"circle"}}]},{"type":"line","data":[{"y":102.89,"date":1738368000000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":110.321,"date":1740787200000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":113.37,"date":1743465600000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":115.847,"date":1746057600000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":121.6,"date":1748736000000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":121.2,"date":1751328000000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":128.2,"date":1754006400000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":131.8,"date":1756684800000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Strong Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":128.6,"date":1759276800000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Strong Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":132.2,"date":1761955200000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Strong Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":142,"date":1764547200000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":151,"date":1767225600000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":156.2,"date":1769904000000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Strong Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"fillColor":"black","lineColor":"black","enabled":true,"symbol":"circle"}},null,null,null,null,null,null,null,null,null,null,null,null],"color":"#0666a7"}]}

Detailed Analyst Forecast >