VZ Holding AG

Chart & Performance

D1W1MN

P/E

29.79

P/S

10.72

EPS

4.73

Div Yield, %

1.23%

Shrs. gr., 5y

-0.17%

Rev. gr., 5y

12.43%

Revenues

517m

+22.98%

Net income

187m

+23.72%

CFO

166m

-15.56%

Dividend

Apr 10, 20242.24 CHF/sh

Earnings

Feb 28, 2025

Profile

VZ Holding AG, together with its subsidiaries, provides financial services in Switzerland and Germany. The company offers retirement, investment and asset management, mortgage and real estate, will and inheritance, tax, pension benefits and insurance, and account and deposit services to individuals. It also provides occupational benefit, fiduciary, risk management, business insurance, pension funds and foundation, and succession services to corporates. In addition, the company offers financial consulting and wealth management, securities accounts, securities and currency transactions, portfolio advisory and management, and mortgage credits provision and purchasing services, as well as sureties and guarantees for clients. Further, it provides investment research services, as well as consulting and management services; portfolio management; banking services; mortgage management and transfer services; property and casualty insurance products; and management services of investment foundations, pension funds, and other institutions offering occupational benefit schemes. The company focuses on serving individuals and couples aged 50 or over who live in their own homes. It also offers its services through VZ Finanzportal, an online portal, which enables customers to manage their financial transactions online; and a-la-carte support services. The company was founded in 1992 and is headquartered in Zurich, Switzerland. VZ Holding AG is a subsidiary of Madarex Ltd.

URL

https://www.vermoegenszentrum.ch/

IPO date

Mar 23, 2007

Employees

1,299

Domiciled in

Incorporated in

Valuation

Order:

Title CHF in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CHF in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	517,358 22.98%	420,692 7.32%	392,002 18.01%
Cost of revenue	191,632	70,282	67,397
Unusual Expense (Income)
NOPBT	325,726	350,410	324,605
NOPBT Margin	62.96%	83.29%	82.81%
Operating Taxes	30,974	24,164	23,750
Tax Rate	9.51%	6.90%	7.32%
NOPAT	294,752	326,246	300,855
Net income	186,935 23.72%	151,096 5.96%	142,592 21.60%
Dividends	(68,396)	(61,884)	(48,812)
Dividend yield	1.77%	2.19%	1.27%
Proceeds from repurchase of equity	4,561	(15,451)	4,789
BB yield	-0.12%	0.55%	-0.12%
Debt
Debt current	55,714	136,826	631,062
Long-term debt	556,344	401,574	410,446
Deferred revenue		27,183	21,878
Other long-term liabilities	73,647	(28,733)	(23,194)
Net debt	(1,840,328)	(5,106,602)	(4,456,351)
Cash flow
Cash from operating activities	165,852	196,417	168,551
CAPEX	(4,425)	(32,475)	(20,734)
Cash from investing activities	(30,854)	(621,955)	(661,878)
Cash from financing activities	(1,210)	497,484	544,011
FCF	(1,176,754)	950,288	897,799
Balance
Cash	1,690,985	1,462,719	1,888,369
Long term investments	761,401	4,182,283	3,609,490
Excess cash	2,426,518	5,623,967	5,478,259
Stockholders' equity	973,760	824,592	741,156
Invested Capital	579,356	484,697	1,035,885
ROIC	55.40%	42.91%	30.75%
ROCE	20.93%	26.73%	18.25%
EV
Common stock shares outstanding	39,401	39,271	39,429
Price	98.20 36.77%	71.80 -26.58%	97.80 20.89%
Market cap	3,869,205 37.22%	2,819,639 -26.88%	3,856,149 21.33%
EV	2,035,908	(2,279,090)	(596,122)
EBITDA	348,818	372,051	344,947
EV/EBITDA	5.84
Interest	1,185	873	565
Interest/NOPBT	0.36%	0.25%	0.17%