Vontobel Holding AG (VONN) AI Stock Analysis

• Market Cap: CHF3.47B
• Dividend Yield: 4.78%
• Average Volume (3M): 30.69K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 0.85
• Revenue Growth: 3.80%
• EPS Growth: 15.49%
• Country: CH
• Employees: 1,958
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 2.02
• Shares Outstanding: 56,875,000
• 10 Day Avg. Volume: 33,209
• 30 Day Avg. Volume: 30,692
• PEG Ratio: 0.57
• Price to Book (P/B): 1.59
• Price to Sales (P/S): 2.51
• P/FCF Ratio: 11.74
• 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: CHF64.54
• Price Target Upside: 2.94% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: CHF66.00 ▲(5.26% Upside)

Vontobel Holding AG's overall stock score is driven by solid financial performance and attractive valuation. The company's stable financial health, reasonable P/E ratio, and high dividend yield are significant strengths. Technical analysis indicates a stable price trend, though momentum is neutral. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

The company's strong revenue growth reflects its expanding asset management business, indicating robust demand for its services and potential for continued market share gains.

Cash Flow Improvements

Improved cash flow indicates better cash management and operational efficiency, enhancing the company's ability to invest in growth opportunities and weather economic fluctuations.

Strong Gross Profit Margin

A strong gross profit margin suggests effective cost management and pricing power, which can support profitability and competitive positioning over the long term.

Negative Factors

Operational Inefficiencies

Operational inefficiencies, reflected in a lower net profit margin, could hinder profitability and indicate areas where cost control or process improvements are needed.

High Reliance on Liabilities

A high reliance on liabilities could pose risks to financial stability, especially in adverse market conditions, potentially impacting the company's long-term financial health.

Historical Cash Flow Volatility

Volatility in cash flows can create uncertainty in financial planning and investment, potentially affecting the company's ability to sustain operations during economic downturns.

Vontobel Holding AG Business Overview & Revenue Model

Company Description

Vontobel Holding AG provides various financial services to private and institutional clients. The company operates through Asset Management, Platforms & Services, Wealth Management, and Digital Investing segments. The Wealth Management segment offers managed solutions, advisory services, and investment products; and financial planning and consulting, pension planning, succession planning, and estate planning solutions, as well as real estate financing and Lombard loans. The Asset Management segment provides equities, fixed income, multi asset, and fund solutions. The Platforms & Services segment offers various platforms, such as EAMNet, an integrated and centralized product and services platform that provides trading, and reports to research services; deritrade, a multi-issuer platform that offers designing and issuing bespoke structured products; cosmofunding, a money and capital market platform that provides securitization of classic loan and private placement; investerest, a social investing market place; derifactory, a white-labeling platform for structured products; and electronic trading solutions for professionals, as well as structured investments, funds, investment strategy/research, EAM, ESG, and ESG insights and news solutions. The Digital Investing segment provides Vontobel Volt, a digital wealth management platform; investerest, a social investing market place that combines and standardizes the entire strategy and investment spectrum; and structured and leverage investment services. Vontobel Holding AG was founded in 1924 and is headquartered in Zurich, Switzerland.

How the Company Makes Money

Vontobel generates revenue through multiple key streams within its business model. Primarily, the company earns fees from asset management services, which include management fees for investment funds and performance fees based on fund performance. Additionally, Vontobel benefits from commissions and trading revenues in its investment banking segment, where it engages in market-making and the issuance of structured products. The firm also generates income from private banking services, which encompass wealth management, financial planning, and advisory services for high-net-worth individuals. Significant partnerships with institutional investors and corporations further enhance its revenue potential, as do the strong performance of its investment products in volatile markets.

Vontobel Holding AG Financial Statement Overview

Summary

Vontobel Holding AG demonstrates solid financial health with strong revenue growth and effective leverage management. While profitability metrics are robust, there is room for improvement in operational efficiency. The balance sheet reflects stability with low leverage, yet reliance on liabilities presents potential risk. Cash flows have improved, though historical volatility remains a concern.

Income Statement

Vontobel Holding AG's revenue grew by 8.84% from the previous year, reflecting solid growth in their asset management business. The gross profit margin remains strong at 100%, indicating excellent cost management. However, the net profit margin of 18.74% suggests some operational inefficiencies or higher costs elsewhere. The EBIT margin of 25.46% and EBITDA margin of 32.08% are indicative of healthy operational performance but show room for improvement.

Balance Sheet

The company's balance sheet is stable, with a low debt-to-equity ratio of 0.29, indicating conservative leverage and strong equity position. Return on equity is robust at 11.93%, suggesting effective use of shareholder funds to generate profits. The equity ratio of 6.79% is relatively low, implying a high reliance on liabilities, which could be a potential risk factor.

Cash Flow

Free cash flow improved significantly compared to the previous year, indicating better cash management and operational efficiency. The operating cash flow to net income ratio of 1.34 indicates a healthy conversion of accounting profits to cash, while the free cash flow to net income ratio of 1.14 suggests good free cash flow generation relative to profits. However, historical volatility in cash flows could pose a risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.25B	1.42B	1.30B	1.67B	1.95B	1.62B
Gross Profit	816.85M	1.42B	1.31B	1.29B	1.54B	1.26B
EBITDA	329.50M	455.30M	368.50M	370.60M	565.10M	418.80M
Net Income	193.55M	266.10M	214.70M	229.80M	373.80M	242.70M
Balance Sheet
Total Assets	35.47B	32.86B	29.15B	30.51B	32.40B	31.42B
Cash, Cash Equivalents and Short-Term Investments	5.13B	12.47B	9.89B	11.01B	17.19B	15.75B
Total Debt	2.93B	644.80M	806.70M	1.22B	629.00M	606.20M
Total Liabilities	33.23B	30.63B	27.05B	28.49B	30.33B	29.53B
Stockholders Equity	2.24B	2.23B	2.09B	2.02B	2.07B	1.89B
Cash Flow
Free Cash Flow	-401.00M	303.00M	-74.80M	871.70M	508.70M	-8.26B
Operating Cash Flow	-356.30M	356.80M	-11.40M	937.70M	570.70M	-8.20B
Investing Cash Flow	371.80M	133.50M	457.30M	-4.53B	1.29B	7.85B
Financing Cash Flow	-91.90M	-470.00M	-645.30M	304.80M	-291.40M	-216.70M

Vontobel Holding AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 62.70
• 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:VONN, the sentiment is Positive. The current price of 62.7 is above the 20-day moving average (MA) of 60.85, above the 50-day MA of 60.37, and above the 200-day MA of 61.18, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 60.22 is Neutral, neither overbought nor oversold. The STOCH value of 83.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:VONN.

Vontobel Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMBN	70 Outperform	CHF2.83B	15.78	14.60%	4.35%	3.32%	11.19%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
VONN	66 Neutral	CHF3.47B	13.87	11.11%	4.78%	3.80%	15.49%
BAER	66 Neutral	CHF12.34B	14.27	―	4.30%	1.02%	131.90%
EFGN	64 Neutral	CHF5.59B	15.34	19.05%	3.23%	-0.27%	21.41%
LEON	49 Neutral	CHF235.29M	-313.73	―	23.01%	-4.06%	-109.73%