Cembra Money Bank AG (CMBN) AI Stock Analysis

• Market Cap: CHF2.90B
• Dividend Yield: 4.3%
• Average Volume (3M): 50.87K
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.45
• Revenue Growth: 3.32%
• EPS Growth: 11.19%
• Country: CH
• Employees: 759
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 2.98
• Shares Outstanding: 30,000,000
• 10 Day Avg. Volume: 53,197
• 30 Day Avg. Volume: 50,870
• PEG Ratio: 1.81
• Price to Book (P/B): 1.87
• Price to Sales (P/S): 4.37
• P/FCF Ratio: 9.61
• 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: 71 Outperform
• Price Target: CHF109.00 ▲(10.27% Upside)

The score is driven primarily by solid financial performance (steady earnings and generally strong cash conversion) but held back by elevated leverage and an unusual 2024 operating profitability deterioration. Technicals are supportive with price above key moving averages and positive MACD, while valuation is helped by a reasonable P/E and a strong dividend yield.

Cembra Money Bank AG Business Overview & Revenue Model

Company Description

Cembra Money Bank AG provides consumer finance products and services in Switzerland. The company offers savings products, including medium-term notes and deposit accounts; loans comprising cash, consumer, personal, business, and auto loans; credit card receivables; and leasing services for new and used vehicles, including cars, light commercial vehicles, motorcycles, and caravans, as well as corporate leasing services. It also provides financial protection products in case of involuntary unemployment, accident, illness, or disability; travel and flight, and card protection insurance products; investment products; and credit cards, mobile payment, and e-services. In addition, the company offers financing solutions to small businesses under the Cembra Business brand, as well as invoice financing services. The company serves private and self-employed individuals, and small and medium enterprises. It operates through a network of branches, as well as through various sales channels, such as the internet, credit card partners, independent intermediaries, and approximately 4,000 car dealers. The company was formerly known as GE Money Bank Aktiengesellschaft and changed its name to Cembra Money Bank AG in October 2013. Cembra Money Bank AG was founded in 1912 and is headquartered in Zurich, Switzerland.

How the Company Makes Money

Cembra Money Bank AG generates revenue primarily through interest income from its lending activities, including personal loans, auto financing, and credit card products. The company earns interest on the money it lends to customers, which constitutes a significant portion of its income. Additionally, Cembra earns fees from its credit card business, including annual fees, transaction fees, and late payment charges. The bank also benefits from partnerships with retailers and other commercial entities, which help drive customer acquisition and cross-selling opportunities. Furthermore, the company manages risk through a strong credit assessment framework, ensuring the sustainability of its revenue streams.

Cembra Money Bank AG Financial Statement Overview

Summary

Fundamentals are solid but not pristine: net income has been fairly steady and net profit margins remain strong, with free cash flow generally tracking earnings closely. Offsetting this, revenue has been volatile, 2024 showed unusual operating profitability deterioration (including a negative EBIT margin vs. prior healthy levels), and leverage is meaningfully elevated (debt ~2.1x–2.5x equity), increasing sensitivity to credit/funding conditions.

Income Statement

Profitability is consistently solid for a regional bank, with net income holding in a fairly tight band (~CHF 153m–170m from 2019–2024) and net profit margins remaining strong (~29%–34%). Revenue, however, has been choppy: a sharp decline in 2023 was followed by a strong rebound in 2024. Reported operating profitability is less consistent, including an unusual negative EBIT margin in 2024 versus healthy positive levels in prior years, which adds uncertainty around earnings quality/one-offs.

Balance Sheet

The balance sheet shows steady shareholder equity growth over time (roughly CHF 1.09b in 2019 to CHF 1.29b in 2024) and a stable return on equity in the low-to-mid teens (~12.6%–14.6%), indicating resilient profitability through cycles. The key constraint is leverage: debt remains high relative to equity (about 2.1x–2.5x across the period), which is common in banking but still increases sensitivity to credit and funding conditions.

Cash Flow

Cash generation looks healthy overall: free cash flow closely tracks net income each year (roughly ~93%–96% of net income), suggesting earnings are largely translating into cash. Operating and free cash flow are generally strong in absolute terms, but volatility is notable—free cash flow fell materially in 2024 (down ~22%) and the operating cash flow coverage ratio dropped sharply in 2024 versus prior years, pointing to weaker cash conversion dynamics in the most recent period.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	570.65M	550.45M	458.78M	538.25M	513.05M	524.09M
Gross Profit	465.40M	550.45M	590.60M	538.25M	513.05M	524.09M
EBITDA	222.75M	0.00	223.67M	236.43M	225.53M	413.35M
Net Income	179.28M	170.40M	158.03M	169.30M	161.50M	152.92M
Balance Sheet
Total Assets	7.92B	7.95B	8.09B	7.66B	7.10B	7.26B
Cash, Cash Equivalents and Short-Term Investments	0.00	793.20M	921.97M	632.64M	544.77M	599.00M
Total Debt	2.10B	2.91B	3.11B	2.63B	2.52B	2.59B
Total Liabilities	6.67B	6.66B	6.84B	6.38B	5.90B	6.13B
Stockholders Equity	1.25B	1.29B	1.25B	1.27B	1.20B	1.13B
Cash Flow
Free Cash Flow	151.90M	250.34M	179.57M	231.65M	164.64M	219.23M
Operating Cash Flow	159.91M	260.64M	188.53M	243.42M	174.61M	233.26M
Investing Cash Flow	24.49M	-112.57M	-233.44M	-471.87M	34.45M	229.13M
Financing Cash Flow	-413.14M	-288.63M	352.89M	297.64M	-258.63M	-405.12M

Cembra Money Bank AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 98.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:CMBN, the sentiment is Positive. The current price of 98.85 is below the 20-day moving average (MA) of 99.31, above the 50-day MA of 96.63, and above the 200-day MA of 95.57, indicating a neutral trend. The MACD of 0.62 indicates Positive momentum. The RSI at 50.82 is Neutral, neither overbought nor oversold. The STOCH value of 15.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:CMBN.

Cembra Money Bank AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMBN	71 Outperform	CHF2.90B	16.08	14.60%	4.30%	3.32%	11.19%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
LLBN	57 Neutral	CHF2.95B	17.45	―	3.34%	―	―

Cembra Money Bank AG Corporate Events

Cembra extends digital app to personal loan customers in Switzerland

Cembra has expanded its mobile Cembra App to include personal loan customers, advancing its strategy to build a cross-product, highly secure digital platform. Users of personal loans can now view and manage contracts, invoices and payments, access detailed product and payment information, retrieve annual interest statements, update contact and address data, and purchase supplementary insurance directly via the app, which is already used for credit cards and leasing. This broader digital offering is designed to improve transparency and customer experience, cementing Cembra’s positioning as a digitally focused lender in Switzerland and potentially increasing customer engagement and operational efficiency across its lending portfolio.

The most recent analyst rating on (CH:CMBN) stock is a Hold with a CHF91.70 price target. To see the full list of analyst forecasts on Cembra Money Bank AG stock, see the CH:CMBN Stock Forecast page.

Cembra Appoints New Chief Customer & Growth Officer to Drive Innovation

Cembra Money Bank AG has appointed Bernardo de Barros Franco as Chief Customer & Growth Officer, effective December 1, 2025. This strategic move aims to enhance Cembra’s expertise in customer service, marketing, and digitalization, fostering growth and innovation across its business areas. With Franco’s extensive experience in fintech and digital banking, Cembra strengthens its capabilities, aligning with its strategic transformation to provide greater value to customers.

The most recent analyst rating on (CH:CMBN) stock is a Hold with a CHF91.70 price target. To see the full list of analyst forecasts on Cembra Money Bank AG stock, see the CH:CMBN Stock Forecast page.