Banque Cantonale Vaudoise (BCVN) AI Stock Analysis

• Market Cap: CHF8.95B
• Dividend Yield: 4.39%
• Average Volume (3M): 39.10K
• Price to Earnings (P/E): 20.6
• Beta (1Y): 0.47
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CH
• Employees: 2,089
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 2.50
• Shares Outstanding: 86,061,900
• 10 Day Avg. Volume: 35,031
• 30 Day Avg. Volume: 39,097
• PEG Ratio: -2.69
• Price to Book (P/B): 1.83
• Price to Sales (P/S): 6.29
• P/FCF Ratio: 1.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: CHF110.00 ▲(9.56% Upside)

The score is driven primarily by solid financial profitability but tempered by inconsistency in recent revenue, leverage, and cash-flow trends. Technicals add support due to an above-average uptrend and positive momentum, while valuation is helped by a strong dividend yield but offset by a mid-range P/E.

Banque Cantonale Vaudoise Business Overview & Revenue Model

Company Description

Banque Cantonale Vaudoise provides a range of financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally. The company offers current, savings, and retirement accounts; credit and payment cards; mortgage, personal, home, business, and construction loans; and production equipment financing products, and working capital and international trade finance products. It also provides a range of banking products, such as investments, financial planning services, and trading through its online platform; and cash management services, as well as instruments for hedging exchange-rate and interest-rate risk; asset management services; and investment and hedging products, such as currencies, equities, bonds, derivatives, and structured products. In addition, the company engages in the market transactions in equities, fixed-income instruments, forex, and precious metals on behalf of clients. Further, it provides life and disability insurance products, and online banking services; manages finances and investments of high-net-worth individuals; tax planning, estate planning, and financial planning; and retirement, life insurance, and disability coverages. The company operates through a network of approximately 63 branches and 220 ATMs. It primarily serves retail and business customers, and public sector institutions. The company was founded in 1845 and is headquartered in Lausanne, Switzerland.

How the Company Makes Money

Banque Cantonale Vaudoise Financial Statement Overview

Summary

Solid profitability and generally stable earnings power, but recent revenue softness (2024) plus volatility in leverage (notable 2023 spike) and cash flows (2023 negative operating/free cash flow) reduce overall consistency.

Income Statement

Profitability is solid for a regional bank, with net margins consistently strong (~35%–41%) and net income holding in a relatively tight range from 2020–2024. However, growth has turned choppy: revenue fell sharply in 2024 after modest gains in prior years, and operating profit trends weakened versus 2023, indicating less favorable operating momentum heading into the most recent year.

Balance Sheet

The balance sheet shows acceptable profitability on equity (roughly 9%–12% return on equity across the period) and equity has been fairly stable. The key concern is leverage volatility: debt-to-equity spiked materially in 2023 before improving in 2024, which increases risk and suggests funding/asset mix shifts that are less steady than ideal for a bank.

Cash Flow

Cash generation is volatile. Operating and free cash flow were strongly positive in several years (notably 2020 and 2024), but 2023 showed negative operating and free cash flow, highlighting sensitivity to working-capital and balance-sheet movements typical in banking. Free cash flow is generally well-supported by earnings when positive, but the year-to-year swings reduce overall cash-flow quality.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.12B	1.14B	1.15B	1.03B	1.00B	949.80M
Gross Profit	577.00M	1.15B	1.13B	1.03B	1.00B	949.80M
EBITDA	507.70M	0.00	0.00	518.90M	513.20M	445.60M
Net Income	326.75M	440.60M	469.20M	388.30M	378.70M	330.80M
Balance Sheet
Total Assets	61.22B	60.63B	58.87B	59.40B	55.95B	53.19B
Cash, Cash Equivalents and Short-Term Investments	0.00	12.07B	12.60B	14.10B	13.55B	12.90B
Total Debt	13.88B	9.45B	16.38B	7.94B	7.32B	6.91B
Total Liabilities	57.46B	56.70B	55.02B	7.94B	7.32B	6.91B
Stockholders Equity	3.76B	3.93B	3.85B	3.71B	3.64B	3.57B
Cash Flow
Free Cash Flow	5.96B	5.96B	-271.00M	290.00M	1.07B	3.15B
Operating Cash Flow	6.12B	6.12B	-189.00M	344.00M	1.13B	3.21B
Investing Cash Flow	-2.65B	-2.65B	227.00M	-52.00M	-57.00M	-44.00M
Financing Cash Flow	-1.48B	-1.48B	-2.14B	24.00M	-24.00M	3.00M

Banque Cantonale Vaudoise Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BCVN	69 Neutral	CHF8.95B	20.63	11.31%	4.39%	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
LLBN	57 Neutral	CHF2.93B	17.40	―	3.34%	―	―