VONN Stock Analysis: Vontobel Holding | SW
Asset Management | SW, Switzerland | Market Cap: 4.807m CHF | 12M Return: 51.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.97M
Rev. Trend: 4.1%
Warnings
No concerns identified
Tailwinds
Seasonality
Vontobel Holding AG is a Swiss financial services company founded in 1924 and headquartered in Zurich. It serves private and institutional clients both in Switzerland and internationally, operating across three main business areas: wealth management, asset management, and investment banking.
The companys offerings span lending products (such as lombard loans, real estate financing, fixed advances, and guarantees), investment solutions across equities, fixed income, multi-asset, quantitative, and private markets strategies, as well as private equity, credit, and venture capital activities. Vontobel is also a major issuer of structured and leverage products, including warrants, mini futures, constant leverage certificates, barrier reverse convertibles, bonus and discount certificates, and capital protection notes.
As a mid-cap listed on the SIX Swiss Exchange under the ticker VONN, Vontobel operates in the Asset Management & Custody Banks sub-industry, a segment where Swiss institutions have historically played a leading role in private banking and cross-border wealth management. The structured products franchise, in particular, makes Vontobel one of the prominent certificate issuers in the European market.
- Wealth management fees rise on higher AUM and net new money
- Structured products revenue tracks market volatility and client activity
- Swiss mortgage book margins pressured by competition and rate cuts
| Net Income: 380.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.78 > 1.0 |
| NWC/Revenue: -594.1% < 20% (prev -636.4%; Δ 42.36% < -1%) |
| CFO/TA 0.02 > 3% & CFO 698.2m > Net Income 380.6m |
| Net Debt (15.6b) to EBITDA (615.9m): 25.34 < 3 |
| Current Ratio: 0.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (57.1m) vs 12m ago 0.43% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 5.51% > 50% (prev 3.54%; Δ 1.97% > 0%) |
| Interest Coverage Ratio: 5.08 > 6 (EBIT TTM 484.3m / Interest Expense TTM 95.3m) |
| A: -0.32 (Total Current Assets 2.80b - Total Current Liabilities 14.9b) / Total Assets 38.3b |
| B: 0.08 (Retained Earnings 3.14b / Total Assets 38.3b) |
| C: 0.01 (EBIT TTM 484.3m / Avg Total Assets 36.9b) |
| D: 0.07 (Book Value of Equity 2.64b / Total Liabilities 35.6b) |
| Altman-Z'' = -1.64 = D |
As of August 01, 2026, the stock is trading at CHF 86.30 with a total of 104,238 shares traded. Over the past week, the price has changed by +7.61%, over one month by +17.57%, over three months by +30.36% and over the past year by +51.64%.
Current recommended Stop Loss: 84.10 (which is 2.5% or 1.3 ATR below the current price).
Vontobel Holding has no consensus analysts rating.
P/E Trailing = 12.8228
P/E Forward = 13.587
P/S = 3.0172
P/B = 1.7858
P/EG = 3.7057
Revenue TTM = 2.03b CHF
EBIT TTM = 484.3m CHF
EBITDA TTM = 615.9m CHF
Long Term Debt = 529.2m CHF (from longTermDebt, last fiscal year)
Short Term Debt = 14.9b CHF (from shortTermDebt, last quarter)
Debt = 18.4b CHF (from shortLongTermDebtTotal, last quarter)
Net Debt = 15.6b CHF (calculated: Debt 18.4b - CCE 2.80b)
Enterprise Value = 20.4b CHF (4.81b + Debt 18.4b - CCE 2.80b)
Interest Coverage Ratio = 5.08 (Ebit TTM 484.3m / Interest Expense TTM 95.3m)
EV/FCF = 32.29x (Enterprise Value 20.4b / FCF TTM 632.1m)
FCF Yield = 3.10% (FCF TTM 632.1m / Enterprise Value 20.4b)
FCF Margin = 31.10% (FCF TTM 632.1m / Revenue TTM 2.03b)
Net Margin = 18.73% (Net Income TTM 380.6m / Revenue TTM 2.03b)
Gross Margin = unknown ((Revenue TTM 2.03b - Cost of Revenue TTM 95.3m) / Revenue TTM)
Tobins Q-Ratio = 0.53 (Enterprise Value 20.4b / Total Assets 38.3b)
Interest Expense / Debt = 0.52% (Interest Expense 95.3m / Debt 18.4b)
Taxrate = 25.61% (124.0m / 484.3m)
NOPAT = 360.2m (EBIT 484.3m * (1 - 25.61%))
Current Ratio = 0.19 (Total Current Assets 2.80b / Total Current Liabilities 14.9b)
Debt / Equity = 6.97 (Debt 18.4b / totalStockholderEquity, last quarter 2.64b)
Debt / EBITDA = 25.34 (Net Debt 15.6b / EBITDA 615.9m)
Debt / FCF = 24.69 (Net Debt 15.6b / FCF TTM 632.1m)
Total Stockholder Equity = 2.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.03% (Net Income 380.6m / Total Assets 38.3b)
RoE = 15.88% (Net Income TTM 380.6m / Total Stockholder Equity 2.40b)
RoCE = 16.55% (EBIT 484.3m / Capital Employed (Equity 2.40b + L.T.Debt 529.2m))
RoIC = 0.94% (NOPAT 360.2m / Invested Capital 38.2b)
WACC = 1.79% (E(4.81b)/V(23.2b) * Re(7.16%) + D(18.4b)/V(23.2b) * Rd(0.52%) * (1-Tc(0.26)))
Discount Rate = 7.16% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.50 | Cagr: 1.52%
[DCF] Terminal Value 75.44% ; FCFF base≈632.1m ; Y1≈634.7m ; Y5≈672.4m
[DCF] Fair Price = N/A (negative equity: EV 10.5b - Net Debt 15.6b = -5.15b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 4.09 | Revenue CAGR: 0.78% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=6.88 | Chg30d=+23.58% | Revisions=-25% | GrowthEPS=+31.1% | GrowthRev=+13.8%
EPS next Year (2027-12-31): EPS=6.35 | Chg30d=+7.39% | Revisions=-25% | GrowthEPS=-7.7% | GrowthRev=-2.9%
[Analyst] Revisions Ratio: -40% (up=0, down=2)