Vontobel Holding AG (VONN) AI Stock Analysis

• Market Cap: CHF3.33B
• Dividend Yield: 5.02%
• Average Volume (3M): 30.96K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 0.80
• 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: 34,769
• 30 Day Avg. Volume: 30,961
• 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: CHF62.10
• Price Target Upside: 5.26% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 63 Neutral
• Price Target: CHF65.00 ▲(10.17% Upside)

Vontobel Holding AG's overall stock score is driven by solid financial performance, particularly in revenue growth and cash flow improvements. The valuation is attractive with a reasonable P/E ratio and high dividend yield. However, technical indicators suggest a neutral to weak momentum, which slightly offsets the positive financial and valuation aspects.

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 primarily through fees charged for its asset management and advisory services. The core revenue streams include management fees from investment funds, performance fees based on the success of investment strategies, and commissions from trading activities. Additionally, Vontobel earns income from the issuance and management of structured products, which provide investors with customized risk-return profiles. The company also benefits from partnerships with financial institutions and distribution channels that expand its reach in the markets. These relationships help Vontobel to increase its client base and enhance its asset management capabilities, thereby contributing to its overall earnings.

Vontobel Holding AG Financial Statement Overview

Summary

Vontobel Holding AG shows solid financial health with strong revenue growth and effective leverage management. Profitability metrics are robust, but there's room for improvement in operational efficiency. The balance sheet is stable with low leverage, though reliance on liabilities presents potential risk. Cash flows have improved, yet 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.42B	1.30B	1.67B	1.95B	1.62B
Gross Profit	1.42B	1.31B	1.29B	1.54B	1.26B
EBITDA	455.30M	368.50M	370.60M	565.10M	418.80M
Net Income	266.10M	214.70M	229.80M	373.80M	242.70M
Balance Sheet
Total Assets	32.86B	29.15B	30.51B	32.40B	31.42B
Cash, Cash Equivalents and Short-Term Investments	12.47B	9.89B	11.01B	17.19B	15.75B
Total Debt	644.80M	806.70M	1.22B	629.00M	606.20M
Total Liabilities	30.63B	27.05B	28.49B	30.33B	29.53B
Stockholders Equity	2.23B	2.09B	2.02B	2.07B	1.89B
Cash Flow
Free Cash Flow	303.00M	-74.80M	871.70M	508.70M	-8.26B
Operating Cash Flow	356.80M	-11.40M	937.70M	570.70M	-8.20B
Investing Cash Flow	133.50M	457.30M	-4.53B	1.29B	7.85B
Financing Cash Flow	-470.00M	-645.30M	304.80M	-291.40M	-216.70M

Vontobel Holding AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 59.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:VONN, the sentiment is Negative. The current price of 59 is below the 20-day moving average (MA) of 60.31, below the 50-day MA of 60.74, and below the 200-day MA of 61.63, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 34.49 is Neutral, neither overbought nor oversold. The STOCH value of 16.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	CHF2.64B	14.70	14.60%	4.73%	3.32%	11.19%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BAER	66 Neutral	CHF11.11B	12.85	―	4.94%	1.02%	131.90%
EFGN	64 Neutral	$4.91B	13.47	19.05%	3.61%	-0.27%	21.41%
VONN	63 Neutral	CHF3.33B	13.31	11.11%	5.02%	3.80%	15.49%
LEON	58 Neutral	CHF281.13M	69.56	―	19.26%	-4.06%	-109.73%