OVB Holding (O4B) AI Stock Analysis

• Market Cap: €310.68M
• Dividend Yield: 5.18%
• Average Volume (3M): 51.00
• Price to Earnings (P/E): 27.1
• Beta (1Y): 0.14
• Revenue Growth: 11.99%
• EPS Growth: -38.09%
• Country: DE
• Employees: 793
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.18
• Shares Outstanding: 14,251,314
• 10 Day Avg. Volume: 53
• 30 Day Avg. Volume: 51
• PEG Ratio: 0.42
• Price to Book (P/B): 2.82
• Price to Sales (P/S): 0.70
• P/FCF Ratio: 9.04
• 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
• EPS Forecast (FY): 0.72
• Revenue Forecast (FY): €459.73M

• Rating: 70 Outperform
• Price Target: €24.00 ▲(26.98% Upside)

OVB Holding's overall stock score reflects a solid financial foundation with low leverage and consistent revenue growth. However, declining profit margins and cash conversion challenges are areas of concern. The technical analysis suggests a balanced momentum with potential bearish trends, while the valuation is moderate with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Low Leverage / Strong Equity Base

A very low debt-to-equity ratio (0.11) and strong equity base provide durable financial resilience, lowering refinancing risk and interest burden. This enhances capacity to fund strategic initiatives, support advisors and withstand market stress without relying on costly external financing.

Commission-based Distribution and Advisor Network

A commission-based model delivered via an extensive network of independent advisors creates durable distribution and client access. This structure supports recurring fee streams, cross-selling across insurance, investments and retirement solutions, and scalable market penetration across European markets.

Improving Free Cash Flow

Material FCF growth (36.95% TTM) strengthens long-term financial flexibility, enabling reinvestment, consistent advisor support programs and shareholder returns. Sustained FCF improvement underpins capital allocation choices even if margins face pressure, supporting strategic stability.

Negative Factors

Declining Profit Margins

Noticeable margin erosion (gross and net) weakens core earnings power and reduces funds available for reinvestment or payouts. If structural (product mix, pricing pressure or cost increases), margin compression can persist and materially constrain long-term profitability and return metrics.

Poor Cash Conversion

A low OCF-to-net-income ratio (0.13) indicates earnings are not translating into cash, raising concerns about working-capital management and dividend sustainability. Over time, weak cash conversion can limit investments, advisor incentives and reduce financial resilience despite accounting profits.

Earnings Volatility / EPS Decline

A sharp EPS decline signals volatile profitability and possible margin or volume pressures. Sustained negative EPS growth undermines retained earnings growth and may constrain strategic investments, advisor incentives and confidence in durable earnings progression across economic cycles.

OVB Holding Business Overview & Revenue Model

Company Description

OVB Holding AG is a leading financial services provider based in Europe, specializing in the distribution of financial products and services. The company operates primarily in the financial advisory sector, offering a wide range of products including insurance, investment, and retirement solutions. OVB serves clients through a network of independent financial advisors, ensuring personalized and comprehensive financial planning tailored to individual needs. With a strong presence in multiple European markets, OVB focuses on empowering clients to achieve their financial goals through expert guidance and a diverse portfolio of offerings.

How the Company Makes Money

OVB Holding generates revenue primarily through commissions and fees earned from the sale of financial products, including insurance policies, investment funds, and retirement plans. The company operates on a commission-based model where financial advisors earn a percentage of the sales they generate. Additionally, OVB may receive ongoing management fees for maintaining client accounts or servicing existing financial products. Key revenue streams include partnerships with various financial institutions, allowing OVB to offer a broad range of products to its clients. The company's success is bolstered by its extensive network of independent advisors, which enhances its market reach and client acquisition capabilities.

OVB Holding Financial Statement Overview

Summary

OVB Holding shows a stable financial position with consistent revenue growth and strong balance sheet metrics. However, declining profit margins and negative free cash flow growth in TTM suggest potential challenges in maintaining profitability. The company should focus on improving operational efficiency to enhance margins and cash flow.

Income Statement

OVB Holding has demonstrated consistent revenue growth, with a 2.52% increase in TTM. However, margins have slightly declined, with the TTM gross profit margin at 19.34% and net profit margin at 3.86%, indicating some pressure on profitability. The EBIT and EBITDA margins have also decreased compared to previous periods, suggesting operational challenges.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.11, indicating prudent financial management. The return on equity is robust at 16.73%, reflecting effective use of shareholder funds. The equity ratio stands at 30.88%, showcasing a solid capital structure.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 21.75% in TTM, which could be a concern. However, the operating cash flow to net income ratio is healthy at 0.19, and the free cash flow to net income ratio is strong at 0.77, indicating good cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	439.24M	408.64M	354.35M	331.95M	320.70M	270.56M
Gross Profit	78.61M	89.99M	78.07M	76.67M	70.54M	57.06M
EBITDA	29.59M	37.22M	29.55M	30.22M	30.27M	21.99M
Net Income	11.45M	19.22M	14.31M	14.67M	15.71M	10.48M
Balance Sheet
Total Assets	304.81M	295.88M	272.96M	261.11M	257.82M	233.48M
Cash, Cash Equivalents and Short-Term Investments	130.13M	132.87M	120.79M	122.49M	128.91M	117.87M
Total Debt	9.92M	2.45M	2.44M	2.01M	2.13M	2.31M
Total Liabilities	211.57M	194.16M	177.26M	167.60M	166.45M	143.48M
Stockholders Equity	92.81M	101.17M	95.04M	93.00M	91.09M	89.46M
Cash Flow
Free Cash Flow	19.67M	22.16M	9.94M	9.13M	26.80M	23.76M
Operating Cash Flow	27.46M	32.60M	18.36M	15.80M	33.74M	30.06M
Investing Cash Flow	-13.14M	-15.79M	-11.14M	6.39M	-14.39M	297.00K
Financing Cash Flow	-17.67M	-16.06M	-15.86M	-15.74M	-17.31M	-13.47M

OVB Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:O4B, the sentiment is Positive. The current price of 18.9 is below the 20-day moving average (MA) of 20.00, below the 50-day MA of 19.53, and below the 200-day MA of 20.62, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 81.20 is Negative, neither overbought nor oversold. The STOCH value of 96.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:O4B.

OVB Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
O4B	70 Outperform	€310.68M	27.13	12.16%	5.18%	11.99%	-38.09%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JDC	59 Neutral	€355.69M	65.35	9.90%	―	17.04%	79.96%
UBK	44 Neutral	€160.18M	―	―	―	―	―

OVB Holding Corporate Events

Helvetia Baloise Confirms 96.98% Stake in OVB Holding After Merger and Renaming

OVB Holding AG has published a voting rights notification stating that Helvetia Baloise Holding AG, through its controlled subsidiaries, continues to hold 96.98% of the company’s voting rights, corresponding to 13,820,790 shares, with no change compared with the previous notification. The voluntary disclosure was triggered by the merger of Baloise Holding AG with Helvetia Holding AG, effective 5 December 2025, after which the combined entity was renamed Helvetia Baloise Holding AG and its registered office moved to Basel, formalizing the new corporate structure behind OVB’s dominant shareholder while leaving its ownership levels and control position essentially unchanged.

The most recent analyst rating on (DE:O4B) stock is a Buy with a EUR21.00 price target. To see the full list of analyst forecasts on OVB Holding stock, see the DE:O4B Stock Forecast page.

Helvetia Holding AG Acquires Majority Stake in OVB Holding AG

Helvetia Holding AG has acquired a significant stake in OVB Holding AG following a merger with Baloise Holding AG. This acquisition results in Helvetia Holding AG holding a total of 96.98% voting rights in OVB Holding AG, marking a substantial shift in ownership and potentially impacting the company’s strategic direction and stakeholder interests.

The most recent analyst rating on (DE:O4B) stock is a Hold with a EUR20.00 price target. To see the full list of analyst forecasts on OVB Holding stock, see the DE:O4B Stock Forecast page.