EFG International AG (CH:EFGN)
:EFGN
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EFG International AG
(EFGN)
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Rating:64Neutral
Price Target:
CHF19.00
▲(12.69% Upside)
Action:ReiteratedDate:03/26/26
The score is held back primarily by persistently negative operating/free cash flow and currently weak technical momentum. Offsetting this, the earnings call supports a stronger fundamental outlook with robust operating performance and clear multi-year targets, while valuation and dividend yield are reasonable but not standout.
Positive Factors
AUM scale & Net New Assets
A large and growing AUM base with exceptionally strong net new assets provides durable fee revenue and economies of scale. Sustained NNA inflows diversify funding, deepen client relationships and underpin recurring fees, improving resilience to market cycles and supporting long-term growth investments.
Negative Factors
Weak cash generation
Persistent negative operating and free cash flow signals weak cash conversion versus reported profits, reducing financial flexibility. Over time this can constrain dividend capacity, increase reliance on capital markets, and amplify earnings volatility if recurring cash conversion issues persist.
Read all positive and negative factors
Positive Factors
Negative Factors
AUM scale & Net New Assets
A large and growing AUM base with exceptionally strong net new assets provides durable fee revenue and economies of scale. Sustained NNA inflows diversify funding, deepen client relationships and underpin recurring fees, improving resilience to market cycles and supporting long-term growth investments.
Read all positive factors
EFG International AG (EFGN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF5.31B
Dividend Yield3.15%
Average Volume (3M)251.69K
Price to Earnings (P/E)18.0
Beta (1Y)0.88
Revenue Growth-0.27%
EPS Growth21.41%
CountryCH
Employees3,114
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)0.40
Shares Outstanding307,100,200
10 Day Avg. Volume244,196
30 Day Avg. Volume251,691
Financial Highlights & Ratios
PEG Ratio3.00
Price to Book (P/B)2.45
Price to Sales (P/S)2.25
P/FCF Ratio-4.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF19.71Price Target Upside16.92% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)1.21
Revenue Forecast (FY)CHF1.73B
EFG International AG Business Overview & Revenue Model
Company Description
EFG International AG, together with its subsidiaries, provides private banking, wealth management, and asset management services. It offers investment solutions, including discretionary mandates, structured products, trading services, and Islamic ...
How the Company Makes Money
EFG International AG primarily earns money from banking and wealth management activities tied to managing client assets and providing related banking services. Key revenue streams typically include: (1) Net interest income: EFG generates interest ...
EFG International AG Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call portrayed a strongly positive operating performance: record AUM, robust net new assets, double-digit revenue growth, higher revenue margins, record profits, improved efficiency and solid capital/liquidity metrics. Challenges are primarily legacy-related (litigation provision, reduced life-insurance contribution) and external headwinds (weak USD, interest-rate sensitivity and short-term acquisition drag). Management has active derisking, credible cost-savings delivery, clear targets for 2026–28 and scope for further M&A, which supports confidence that positives materially outweigh the contained lowlights.Positive Updates
Record Assets Under Management (AUM)
AUM reached a record CHF 185 billion in 2025, up 12% year-on-year, providing a strong starting point (+10% head start vs 2025 average AUM) for the 2026 cycle.
Negative Updates
Legacy Litigation Provision and Ongoing Legal Risk
A CHF 59 million provision was booked in H2 2025 for a long-running legacy litigation (PIFSS case in the U.K.); combined with an earlier CHF 45 million insurance recovery, the net exceptional drag was CHF 14 million. Trial ongoing with verdict expected around summer 2026.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Assets Under Management (AUM)
AUM reached a record CHF 185 billion in 2025, up 12% year-on-year, providing a strong starting point (+10% head start vs 2025 average AUM) for the 2026 cycle.
Read all positive updates
Company Guidance
Management guidance for 2026–28 targets sustaining 4–6% annual NNA growth, a revenue margin >85 bps, cost-to-income ≈68% and a return on tangible equity target of 20% (with an aspiration of ~15% annual net profit growth); this is anchored by FY25 metrics: AUM CHF185bn, NNA CHF11.3bn (+6.8% y/y), operating income CHF493m (+26% y/y), core private banking operating profit CHF425m (+18% y/y), IFRS net profit CHF325m (CHF339m ex-exceptionals), EPS CHF1.03, full‑year revenue margin ~98 bps (H2 93 bps), commission margin 46 bps (+3ppt y/y) with 67% mandate penetration and commission income +17%, revenue growth +11% (+8% ex-exceptionals), headline cost-to-income 69.8% (opex +6% nominal, +3.7% ex‑M&A), LFL FTEs down to 3,037, AUM/CRO CHF363m LFL (342 incl. acquisitions), total CROs 763 (51 hires, 79 signed), liquidity LCR 270%, CET1 ~14% (14.4% pro‑forma if instrument called) with gross capital generation >500bps and net ~1.6%, Simplicity savings CHF66m (new CHF70–80m program for 2026–28), buyback up to 9m shares to July 2027 (11.8m bought in 2025), and M&A adding CHF16bn AUM (two closed CHF12bn, Quilvest CHF4bn) though acquisitions reduced CET1 by ~130 bps; interest‑rate sensitivity ~CHF36m per 100bps across four currencies (management expects roughly a ~1bp revenue pressure in 2026) and FY25 exceptionals net drag of CHF14m (insurance recovery +CHF45m; litigation provision −CHF59m).EFG International AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.59B | 1.50B | 1.43B | 1.76B | 1.63B |
| Gross Profit | 1.74B | 1.50B | 1.43B | 1.27B | 1.25B |
| EBITDA | 394.70M | 0.00 | 411.80M | 389.20M | 327.70M |
| Net Income | 325.20M | 321.60M | 303.20M | 202.40M | 205.80M |
Balance Sheet | |||||
| Total Assets | 39.39B | 40.60B | 38.59B | 43.54B | 42.14B |
| Cash, Cash Equivalents and Short-Term Investments | 5.04B | 8.01B | 4.19B | 3.64B | 12.08B |
| Total Debt | 743.10M | 1.25B | 239.00M | 1.13B | 962.30M |
| Total Liabilities | 37.01B | 38.22B | 36.37B | 41.47B | 39.85B |
| Stockholders Equity | 2.39B | 2.38B | 2.22B | 2.06B | 2.25B |
Cash Flow | |||||
| Free Cash Flow | -1.43B | -445.50M | -2.67B | -196.50M | 132.20M |
| Operating Cash Flow | -1.39B | -397.10M | -2.64B | -152.50M | 175.80M |
| Investing Cash Flow | 746.20M | 484.00M | -1.22B | -1.28B | -1.28B |
| Financing Cash Flow | 42.40M | 41.10M | -265.50M | 2.17B | 1.81B |
EFG International AG Technical Analysis
Negative
16.86
Price Trends
17.86
Negative
17.92
Negative
16.63
Positive
Market Momentum
-0.27
Negative
42.20
Neutral
44.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:EFGN, the sentiment is Negative. The current price of 16.86 is below the 20-day moving average (MA) of 17.08, below the 50-day MA of 17.86, and above the 200-day MA of 16.63, indicating a neutral trend. The MACD of -0.27 indicates Negative momentum. The RSI at 42.20 is Neutral, neither overbought nor oversold. The STOCH value of 44.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:EFGN.
EFG International AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | CHF6.00B | 19.88 | ― | 1.22% | 18.76% | 20.08% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | CHF3.92B | 5.44 | 11.11% | 4.66% | 3.80% | 15.49% | |
64 Neutral | CHF5.31B | 17.97 | 9.10% | 3.15% | -0.27% | 21.41% | |
60 Neutral | CHF12.59B | 16.79 | ― | 4.14% | 1.02% | 131.90% | |
54 Neutral | CHF3.12B | 15.32 | ― | 3.34% | ― | ― | |
50 Neutral | CHF100.17B | 29.95 | 7.04% | 1.99% | -12.37% | 142.75% |
* Financial Sector Average
CH:EFGN
EFG International AG
17.60
7.16
68.52%
CH:UBSG
UBS Group AG
32.40
11.16
52.53%
CH:BAER
Julius Baer Group Ltd
61.48
16.89
37.88%
CH:VONN
Vontobel Holding AG
70.30
15.60
28.52%
CH:LLBN
Liechtensteinische Landesbank AG
102.00
29.03
39.78%
CH:SQN
Swissquote Group Holding Ltd.
404.80
59.50
17.23%
EFG International AG Corporate Events
EFG International Shareholders Approve All AGM Motions and Dividend
Mar 20, 2026
EFG International’s shareholders approved all motions proposed by the Board of Directors at the company’s Annual General Meeting, including a dividend payment of CHF 0.65 per share. The full approval of the agenda and confirmation of a...
EFG International Sets Date and Agenda Publication for 2026 AGM
Feb 25, 2026
EFG International has published the agenda and invitation for its 2026 Annual General Meeting, scheduled to take place on 20 March 2026 in Zurich. The move formally launches this year’s shareholder governance process, setting out the items t...
EFG International Posts Record 2025 Profit and Assets, Lifts Dividend Again
Feb 18, 2026
EFG International, a Swiss private banking and asset management group, reported record results for 2025, underscoring its growing clout in global wealth management. Assets under management climbed 12% to an all-time high of CHF 185.0 billion, supp...
EFG International Partners with Capital Group to Broaden Investment Offering
Feb 17, 2026
EFG International has entered into a strategic collaboration with Capital Group to jointly create, co-develop and distribute investment solutions to its clients. The partnership will provide EFG’s private banking and asset management clients...
EFG International to Acquire Quilvest Switzerland, Expanding UHNWI and Latin American Franchise
Jan 26, 2026
EFG International AG has agreed to acquire 100% of Quilvest (Switzerland) Ltd, a Zurich-based pure-play private bank with a strong Latin American footprint, a focus on ultra-high net worth clients and a long-standing expertise in private market in...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.