Helvetia Holding AG (HELN) AI Stock Analysis

• Market Cap: CHF10.64B
• Dividend Yield: 3.4%
• Average Volume (3M): 78.66K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.51
• Revenue Growth: -1.57%
• EPS Growth: 95.56%
• Country: CH
• Employees: 11,915
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Diversified
• EPS (TTM): 5.40
• Shares Outstanding: 53,025,684
• 10 Day Avg. Volume: 81,768
• 30 Day Avg. Volume: 78,662
• PEG Ratio: 0.23
• Price to Book (P/B): 1.91
• Price to Sales (P/S): 0.70
• P/FCF Ratio: -66.84
• 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: CHF236.00
• Price Target Upside: 19.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: CHF206.00 ▲(4.46% Upside)

Helvetia Holding AG's overall stock score reflects strong revenue growth and strategic market expansion, tempered by profitability challenges and negative cash flow trends. The valuation is reasonable, and technical indicators suggest a neutral outlook. Earnings call insights provide a positive future outlook, despite regional challenges.

Positive Factors

Revenue Growth

Strong revenue growth indicates successful market strategies and product demand, enhancing long-term business sustainability and market position.

European Market Expansion

Expansion in the European market strengthens Helvetia's competitive position and diversifies its revenue base, supporting durable growth.

Balance Sheet Stability

A stable balance sheet with manageable leverage enhances financial flexibility, supporting long-term operational and strategic initiatives.

Negative Factors

Profitability Challenges

Moderate profitability may limit reinvestment capabilities and shareholder returns, posing challenges to sustaining competitive advantages.

Negative Cash Flow Trends

Negative cash flow trends can constrain financial flexibility, impacting the company's ability to invest in growth opportunities and manage debt.

Increased Operational Costs

Rising operational costs can erode profit margins, necessitating efficiency improvements to maintain competitiveness and financial health.

Helvetia Holding AG Business Overview & Revenue Model

Company Description

Helvetia Holding AG (HELN) is a Swiss-based insurance and financial services provider, operating primarily in the fields of life insurance, property and casualty insurance, and asset management. The company offers a diverse range of insurance products, including personal insurance, commercial insurance, and pension solutions, serving both private and corporate clients. With a strong presence in Switzerland and a growing footprint in Europe, Helvetia focuses on delivering tailored insurance solutions and investment products to meet the evolving needs of its customers.

How the Company Makes Money

Helvetia Holding AG generates revenue primarily through its core business segments: property and casualty insurance, life insurance, and asset management. The company earns premiums from policyholders in exchange for providing coverage against various risks. In the property and casualty segment, Helvetia collects premiums from individual and corporate clients for coverage related to property damage, liability, and other risks. The life insurance segment contributes revenue through premiums paid for life policies, annuities, and pension plans. Additionally, Helvetia's asset management division generates fees from managing investment portfolios for clients. Strategic partnerships with banks and financial advisors enhance distribution channels and increase customer reach, while investment income from its investment portfolio further supports the company's earnings. Overall, Helvetia's diversified product offerings and strong customer relationships play a critical role in its revenue generation.

Helvetia Holding AG Financial Statement Overview

Summary

Helvetia Holding AG's financial performance is mixed. Strong revenue growth is offset by moderate profitability and negative free cash flow trends. The balance sheet shows stability but with leverage concerns. Overall, financial health is stable but requires improvement in profitability and cash flow.

Income Statement

Helvetia Holding AG has shown a mixed performance on its income statement. The gross profit margin remains robust at 100%, indicating effective revenue management. However, the net profit margin of 4.29% in 2024 reflects moderate profitability. The revenue growth rate from 2023 to 2024 was a strong 21.66%, highlighting positive growth momentum. The absence of EBIT in 2024 is a concern, although the EBITDA margin of 7.35% suggests stable operational efficiency. Despite some profitability challenges, the revenue trajectory is promising.

Balance Sheet

The balance sheet of Helvetia Holding AG indicates moderate stability. The debt-to-equity ratio is 0.48, which is manageable and indicates a balanced approach to leverage. The company's return on equity (ROE) is 11.65%, showcasing a reasonable return on shareholder investment. With an equity ratio of 6.78%, the company maintains a moderate equity base relative to its total assets. Overall, the balance sheet reflects a stable financial position with some leverage but reasonable returns.

Cash Flow

Helvetia Holding AG faces challenges in its cash flow statement. The significant decline in free cash flow from 2023 to 2024 indicates a concerning trend, with a negative free cash flow of -118.2 million in 2024. The operating cash flow to net income ratio is low, suggesting potential issues in cash generation relative to reported profits. The free cash flow to net income ratio is also negative, highlighting inefficiencies in converting profit to free cash flow. Overall, the cash flow position requires improvement to enhance financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.79B	11.22B	9.23B	10.14B	12.31B	10.43B
Gross Profit	4.83B	11.22B	10.48B	10.14B	12.31B	10.43B
EBITDA	838.90M	824.90M	653.80M	720.70M	1.00B	513.40M
Net Income	392.30M	481.80M	283.20M	438.80M	497.20M	264.80M
Balance Sheet
Total Assets	60.05B	60.96B	61.49B	59.99B	70.01B	70.31B
Cash, Cash Equivalents and Short-Term Investments	0.00	2.10B	2.76B	2.38B	1.86B	1.85B
Total Debt	2.43B	2.00B	1.99B	2.86B	2.88B	3.06B
Total Liabilities	55.78B	56.52B	55.10B	56.21B	63.60B	63.91B
Stockholders Equity	3.96B	4.14B	3.81B	3.46B	5.93B	5.91B
Cash Flow
Free Cash Flow	113.60M	-118.20M	907.30M	807.70M	993.30M	-642.60M
Operating Cash Flow	149.40M	42.90M	1.01B	923.20M	1.11B	-521.10M
Investing Cash Flow	31.10M	-149.90M	-131.40M	-1.00B	-983.90M	-588.00M
Financing Cash Flow	-500.50M	-370.10M	-406.50M	-185.70M	-472.20M	646.00M

Helvetia Holding AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 197.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:HELN, the sentiment is Positive. The current price of 197.2 is below the 20-day moving average (MA) of 201.88, below the 50-day MA of 201.25, and above the 200-day MA of 192.35, indicating a bullish trend. The MACD of -0.28 indicates Negative momentum. The RSI at 59.22 is Neutral, neither overbought nor oversold. The STOCH value of 90.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:HELN.

Helvetia Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZURN	78 Outperform	CHF83.50B	16.58	23.97%	4.72%	-7.33%	17.93%
SREN	73 Outperform	CHF35.51B	11.96	17.22%	4.61%	-4.94%	-5.71%
VAHN	70 Outperform	CHF2.00B	13.25	6.06%	3.51%	-1.58%	4.07%
BALN	68 Neutral	CHF8.94B	20.39	―	4.09%	-9.11%	73.67%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SLHN	68 Neutral	CHF25.32B	21.40	17.11%	3.91%	-1.65%	10.05%
HELN	59 Neutral	CHF10.64B	19.44	―	3.40%	-1.57%	95.56%

Helvetia Holding AG Corporate Events

Helvetia and Baloise Complete Merger to Form Leading Swiss Insurer

Helvetia Holding AG and Baloise Holding AG have successfully merged to form Helvetia Baloise Holding AG, creating the largest all-sector insurer in Switzerland with a strong position in Europe. The merger, completed on December 5, 2025, is expected to enhance operational integration, combining products and services, and realizing synergies. This strategic move aims to strengthen the company’s market position and provide sustainable value to stakeholders. The merger also involves changes in the board and management, with new roles assigned to key personnel, and the company’s shares are set to be included in the Swiss Leader Index.

Helvetia and Baloise Merger Finalized for December 2025 Completion

Helvetia and Baloise have confirmed the completion of their merger, set for December 5, 2025, following the receipt of all necessary regulatory approvals. The merger will result in the delisting of Baloise shares and the trading of new Helvetia Baloise Holding AG shares on the SIX Swiss Exchange. This strategic move is expected to enhance Helvetia’s market position and expand its operational capabilities, impacting stakeholders by potentially increasing profitability and market reach.

Helvetia Achieves Top GRESB Ratings, Reinforcing Sustainable Investment Strategy

Helvetia Holding AG’s real estate investment vehicles achieved outstanding results in the 2025 Global Real Estate Sustainability Benchmark (GRESB), with two vehicles receiving the highest 5-star rating and one achieving a 4-star rating. These results underscore Helvetia’s commitment to sustainable investing and its strategic focus on climate protection, aiming for net-zero emissions by 2050. The company’s progress in building certification and energy management has contributed to these achievements, reinforcing its position as a leader in sustainable real estate investments.

Helvetia Unveils Digital Pension Analysis Tool with Financial Fitness Score

Helvetia has introduced a digital self-service pension analysis tool that provides users with a Financial Fitness Score, offering a quick overview of their pension situation. This innovation enhances transparency and user engagement in pension planning, positioning Helvetia as a leader in the Swiss insurance industry by driving awareness and innovation in financial security solutions.

Helvetia and Baloise Set Merger Completion Date for December 2025

Helvetia Holding AG and Baloise have received approval from the Swiss Competition Commission and the European Commission for their planned merger, with a completion date set for December 5, 2025. This merger, approved by shareholders in May, will see the delisting of Baloise shares and the issuance of new Helvetia Baloise shares, potentially strengthening Helvetia’s market position and expanding its international reach.