GAM Holding AG (CH:GAM)
:GAM
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GAM Holding AG
(GAM)
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Rating:40Underperform
Price Target:
CHF0.08
▼(-44.29% Downside)
Action:DowngradedDate:04/21/26
The score is driven primarily by very weak financial performance (persistent losses, revenue contraction, negative free cash flow, and a worse 2025 leverage profile). Technicals add further pressure with a clear downtrend despite oversold readings, while valuation is constrained by negative earnings and no indicated dividend support.
Positive Factors
Fee-based recurring revenue model
A fee-based model tied to assets under management provides structurally recurring revenue and aligns revenue with client assets. Over months this supports predictable fee income versus transactional businesses, making top-line durability less dependent on one-off events.
Negative Factors
Persistent net losses
Multi-year net losses erode equity and limit the company's ability to self-fund operations or invest in growth. Persistent losses increase reliance on external financing, reduce strategic flexibility, and heighten risk if markets or flows deteriorate further over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Fee-based recurring revenue model
A fee-based model tied to assets under management provides structurally recurring revenue and aligns revenue with client assets. Over months this supports predictable fee income versus transactional businesses, making top-line durability less dependent on one-off events.
Read all positive factors
GAM Holding AG (GAM) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF86.51M
Dividend YieldN/A
Average Volume (3M)187.46K
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth-51.49%
EPS Growth65.36%
CountryCH
Employees294
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.07
Shares Outstanding1,079,514,000
10 Day Avg. Volume86,867
30 Day Avg. Volume187,461
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)5.32
Price to Sales (P/S)2.20
P/FCF Ratio-2.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
GAM Holding AG Business Overview & Revenue Model
Company Description
GAM Holding AG is a publicly owned asset management holding company. The firm provides its services to institutions, financial intermediaries and private investors. Through its subsidiaries, the firm manages separate client focused equity and fixe...
How the Company Makes Money
GAM primarily generates revenue from fee-based investment management activities. The core revenue stream is management fees earned as a percentage of assets under management (AUM) across its funds and discretionary/segregated mandates; as client A...
GAM Holding AG Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 71.60M | 143.30M | 343.40M | 463.40M | 681.40M |
| Gross Profit | 62.20M | 14.50M | 55.20M | 80.20M | 123.60M |
| EBITDA | -63.60M | -51.30M | -39.10M | -30.70M | 1.30M |
| Net Income | -74.20M | -70.90M | -82.10M | -290.00M | -23.30M |
Balance Sheet | |||||
| Total Assets | 122.80M | 173.10M | 266.00M | 352.90M | 755.20M |
| Cash, Cash Equivalents and Short-Term Investments | 39.90M | 65.50M | 87.80M | 142.60M | 245.90M |
| Total Debt | 43.40M | 3.20M | 36.60M | 38.70M | 48.00M |
| Total Liabilities | 93.20M | 63.10M | 204.40M | 202.30M | 276.70M |
| Stockholders Equity | 29.60M | 110.00M | 61.60M | 150.60M | 478.50M |
Cash Flow | |||||
| Free Cash Flow | -61.30M | -75.70M | -52.30M | -77.40M | -14.90M |
| Operating Cash Flow | -58.80M | -68.10M | -49.50M | -63.30M | 5.80M |
| Investing Cash Flow | -3.80M | -25.00M | -2.80M | -14.10M | -23.50M |
| Financing Cash Flow | 35.40M | 49.80M | 27.00M | -13.90M | -16.30M |
GAM Holding AG Technical Analysis
Negative
0.14
Price Trends
0.12
Negative
0.13
Negative
0.13
Negative
Market Momentum
>-0.01
Positive
38.68
Neutral
17.22
Positive
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 0.14 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.12, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.68 is Neutral, neither overbought nor oversold. The STOCH value of 17.22 is Positive, 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | CHF2.81B | 16.56 | 14.60% | 4.30% | -3.23% | 5.45% | |
69 Neutral | CHF5.85B | 19.88 | ― | 1.22% | 8.23% | 24.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | CHF3.69B | 5.44 | 11.11% | 4.66% | 1.34% | 5.31% | |
64 Neutral | CHF5.07B | 13.71 | 9.10% | 3.15% | -4.30% | 2.52% | |
47 Neutral | CHF266.69M | -7.17 | ― | 21.87% | -26.14% | -683.34% | |
40 Underperform | CHF86.51M | -2.12 | -81.01% | ― | -51.49% | 65.36% |
* Financial Sector Average
CH:GAM
GAM Holding AG
0.08
-0.02
-21.00%
CH:EFGN
EFG International AG
16.46
4.32
35.60%
CH:VONN
Vontobel Holding AG
66.00
7.75
13.30%
CH:CMBN
Cembra Money Bank AG
94.90
0.05
0.05%
CH:LEON
Leonteq AG
15.16
-1.50
-9.00%
CH:SQN
Swissquote Group Holding Ltd.
392.40
-43.47
-9.97%
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.