(SLHN) Swiss Life Holding - SW
Sector: Financial Services | Industry: Insurance - Diversified | Exchange: SW (Switzerland) | Market Cap: 24.452m CHF | Total Return: 14% in 12m
Avg Turnover: 53.2M
Warnings
Choppy
Tailwinds
No distinct edge detected
Swiss Life Holding AG is a Zurich-based financial services provider specializing in life insurance, pensions, and comprehensive asset management. Founded in 1857, the company operates across major European markets, including Switzerland, France, and Germany, utilizing a multi-brand distribution strategy through entities such as Swiss Life Select and Tecis.
The business model integrates traditional insurance underwriting with a fee-based advisory and asset management platform. This diversification allows the firm to generate revenue from both risk premiums and management fees, a common structure in the European multi-line insurance sector designed to mitigate the impact of low-interest-rate environments on capital reserves.
In addition to core life and health policies, the company maintains significant operations in real estate and private equity. For a deeper look at how these segments influence valuation, explore the data on ValueRay. Its broad geographic footprint is supported by both proprietary sales forces and third-party distribution partners.
- Fee income growth from Asset Managers segment offsets lower insurance margins
- Real estate portfolio valuation fluctuates with European interest rate shifts
- Solvency II ratio and cash remittance levels drive dividend sustainability
- Distribution channel expansion in Germany and France boosts new business volume
| Net Income: 946.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.84 > 1.0 |
| NWC/Revenue: -617.1% < 20% (prev -147.2%; Δ -469.9% < -1%) |
| CFO/TA 0.01 > 3% & CFO 2.58b > Net Income 946.5m |
| Net Debt (9.17b) to EBITDA (1.30b): 7.07 < 3 |
| Current Ratio: 0.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.9m) vs 12m ago -5.28% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 11.50% > 50% (prev 4.99%; Δ 6.52% > 0%) |
| Interest Coverage Ratio: 4.46 > 6 (EBIT TTM 1.30b / Interest Expense TTM 291.0m) |
| A: -0.70 (Total Current Assets 7.32b - Total Current Liabilities 165b) / Total Assets 226b |
| B: 0.04 (Retained Earnings 9.49b / Total Assets 226b) |
| C: 0.01 (EBIT TTM 1.30b / Avg Total Assets 223b) |
| D: 0.03 (Book Value of Equity 7.06b / Total Liabilities 218b) |
| Altman-Z'' = -4.37 = D |
| DSRI: 0.34 (Receivables 2.05b/2.61b, Revenue 25.6b/10.9b) |
| GMI: 1.0 (GM 100.0% / 100.0%) |
| AQI: 0.98 (AQ_t 0.96 / AQ_t-1 0.98) |
| SGI: 2.34 (Revenue 25.6b / 10.9b) |
| TATA: -0.01 (NI 946.5m - CFO 2.58b) / TA 226b) |
| Beneish M = -2.62 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at CHF 874.40 with a total of 179,727 shares traded.
Over the past week, the price has changed by +2.03%,
over one month by +2.73%,
over three months by +9.73% and
over the past year by +14.00%.
Swiss Life Holding has no consensus analysts rating.
P/E Trailing = 20.1149
P/E Forward = 18.5185
P/S = 2.088
P/B = 3.3449
P/EG = 2.5721
Revenue TTM = 25.6b CHF
EBIT TTM = 1.30b CHF
EBITDA TTM = 1.30b CHF
Long Term Debt = 9.65b CHF (from longTermDebt, last quarter)
Short Term Debt = 8.53b CHF (from shortTermDebt, last quarter)
Debt = 14.4b CHF (from shortLongTermDebtTotal, last quarter) + Leases 217.0m
Net Debt = 9.17b CHF (calculated: Debt 14.4b - CCE 5.27b)
Enterprise Value = 33.6b CHF (24.5b + Debt 14.4b - CCE 5.27b)
Interest Coverage Ratio = 4.46 (Ebit TTM 1.30b / Interest Expense TTM 291.0m)
EV/FCF = 17.98x (Enterprise Value 33.6b / FCF TTM 1.87b)
FCF Yield = 5.56% (FCF TTM 1.87b / Enterprise Value 33.6b)
FCF Margin = 7.31% (FCF TTM 1.87b / Revenue TTM 25.6b)
Net Margin = 3.70% (Net Income TTM 946.5m / Revenue TTM 25.6b)
Gross Margin = unknown ((Revenue TTM 25.6b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.15 (Enterprise Value 33.6b / Total Assets 226b)
Interest Expense / Debt = 2.02% (Interest Expense 291.0m / Debt 14.4b)
Taxrate = 23.96% (301.0m / 1.26b)
NOPAT = 985.8m (EBIT 1.30b * (1 - 23.96%))
Current Ratio = 0.04 (Total Current Assets 7.32b / Total Current Liabilities 165b)
Debt / Equity = 2.04 (Debt 14.4b / totalStockholderEquity, last quarter 7.06b)
Debt / EBITDA = 7.07 (Net Debt 9.17b / EBITDA 1.30b)
Debt / FCF = 4.90 (Net Debt 9.17b / FCF TTM 1.87b)
Total Stockholder Equity = 7.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.43% (Net Income 946.5m / Total Assets 226b)
RoE = 13.33% (Net Income TTM 946.5m / Total Stockholder Equity 7.10b)
RoCE = 7.74% (EBIT 1.30b / Capital Employed (Equity 7.10b + L.T.Debt 9.65b))
RoIC = 1.45% (NOPAT 985.8m / Invested Capital 68.1b)
WACC = 4.79% (E(24.5b)/V(38.9b) * Re(6.72%) + D(14.4b)/V(38.9b) * Rd(2.02%) * (1-Tc(0.24)))
Discount Rate = 6.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.40 | Cagr: -4.46%
[DCF] Terminal Value 75.44% ; FCFF base≈1.87b ; Y1≈1.88b ; Y5≈1.99b
[DCF] Fair Price = 778.9 (EV 30.9b - Net Debt 9.17b = Equity 21.8b / Shares 27.9m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 0.52 | Revenue CAGR: 0.27% | SUE: 3.11 | # QB: 1
EPS current Year (2026-12-31): EPS=47.31 | Chg30d=-0.49% | Revisions=-45% | GrowthEPS=+8.8% | GrowthRev=+46.3%
EPS next Year (2027-12-31): EPS=50.96 | Chg30d=+0.15% | Revisions=-9% | GrowthEPS=+7.7% | GrowthRev=+2.0%
[Analyst] Revisions Ratio: -45%