GAM Holding AG (GAM) AI Stock Analysis

• Market Cap: $107.48M
• Dividend Yield: N/A
• Average Volume (3M): 377.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.11
• Revenue Growth: -36.25%
• EPS Growth: 41.91%
• Country: CH
• Employees: 294
• Sector: Financial
• Sector Strength: 75
• Industry: Asset Management
• EPS (TTM): -0.03
• Shares Outstanding: 1,078,267,100
• 10 Day Avg. Volume: 320,910
• 30 Day Avg. Volume: 377,645
• PEG Ratio: <0.01
• Price to Book (P/B): 0.14
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.75
• 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

• Rating: 39 Underperform
• Price Target: ―

GAM Holding AG's overall stock score is low due to significant financial difficulties, lack of positive technical signals, and unfavorable valuation metrics. The primary concerns are declining revenue, negative cash flows, and a shrinking asset base, overshadowing the company's debt-free status.

GAM Holding AG Business Overview & Revenue Model

Company Description

GAM Holding AG (GAM) is a globally active asset management group headquartered in Zurich, Switzerland. The company specializes in providing investment management products and services to institutions, financial intermediaries, and private clients. GAM operates in various sectors, including fixed income, equities, and multi-asset solutions, offering a wide range of mutual funds and tailored investment strategies. The company's core services include active management of investment portfolios and providing advisory services to help clients achieve their financial goals.

How the Company Makes Money

GAM Holding AG generates revenue primarily through management fees charged on the assets it manages. These fees are typically calculated as a percentage of the total assets under management (AUM) and provide a stable source of income as long as the assets remain invested with the firm. In addition to management fees, GAM may earn performance fees, which are contingent on the achievement of certain investment performance benchmarks. The company's earnings are influenced by factors such as market conditions, client inflows and outflows, and the overall investment performance of its managed funds. GAM also benefits from strategic partnerships with financial intermediaries, which help broaden its distribution network and increase its client base.

GAM Holding AG Financial Statement Overview

Summary

GAM Holding AG faces significant financial challenges, demonstrated by declining revenue and profitability, negative cash flows, and a shrinking asset base. Despite a high equity ratio and no debt, the company struggles with persistent losses and negative cash flows.

Income Statement

GAM Holding AG has experienced a significant decline in revenue over recent years, with a Revenue Growth Rate of -58.26% from 2023 to 2024. The company also shows negative profitability metrics, including a Gross Profit Margin of approximately 10.12% and a Net Profit Margin of -49.47% for 2024. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies. Overall, the income statement presents a challenging picture with declining revenue and profitability.

Balance Sheet

The balance sheet shows a relatively stable equity base with Stockholders' Equity of $110 million against Total Assets of $173.1 million, resulting in an Equity Ratio of 63.57%. The company has no total debt as of 2024, which is a positive signal. However, the significant decrease in total assets and stockholders' equity over the years reflects broader financial challenges. The Return on Equity is negative, showing losses on the equity base.

Cash Flow

GAM Holding AG's cash flow statement reveals negative operating and free cash flows. The Free Cash Flow Growth Rate is negative, and the Operating Cash Flow to Net Income Ratio is not favorable. This indicates liquidity challenges, as the company is not generating sufficient cash to cover its net losses, and free cash flow has worsened year-over-year.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	143.30M	343.40M	463.40M	681.40M	687.20M
Gross Profit	14.50M	55.20M	80.20M	123.60M	124.40M
EBITDA	-51.30M	-39.10M	-30.70M	1.30M	-3.70M
Net Income	-70.90M	-82.10M	-290.00M	-23.30M	-388.40M
Balance Sheet
Total Assets	173.10M	266.00M	352.90M	755.20M	820.20M
Cash, Cash Equivalents and Short-Term Investments	65.50M	87.80M	142.60M	245.90M	279.30M
Total Debt	0.00	36.60M	38.70M	48.00M	70.20M
Total Liabilities	63.10M	204.40M	202.30M	276.70M	346.30M
Stockholders Equity	110.00M	61.60M	150.60M	478.50M	473.90M
Cash Flow
Free Cash Flow	-75.70M	-52.30M	-77.40M	-14.90M	-17.90M
Operating Cash Flow	-68.10M	-49.50M	-63.30M	5.80M	1.30M
Investing Cash Flow	-25.00M	-2.80M	-14.10M	-23.50M	-28.80M
Financing Cash Flow	49.80M	27.00M	-13.90M	-16.30M	-10.60M

GAM Holding AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:GAM, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 50.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:GAM.

GAM Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CFT	75 Outperform	$1.80B	15.44	25.87%	2.96%	7.38%	19.34%
VONN	71 Outperform	CHF3.84B	14.55	12.22%	4.38%	9.24%	―
Sector *	70 Outperform	CHF14.07B	17.03	11.79%	3.74%	4.01%	19.88%
CMBN	70 Outperform	CHF3.01B	17.61	13.44%	4.15%	11.02%	7.87%
EFGN	64 Neutral	CHF4.82B	15.69	13.89%	3.80%	11.14%	7.22%
GAM	39 Underperform	$107.48M	―	-82.67%	―	-36.25%	41.91%