VZ Holding AG

Chart & Performance

D1W1MN

P/E

30.77

P/S

11.83

EPS

5.54

Div Yield, %

1.32%

Shrs. gr., 5y

0.05%

Rev. gr., 5y

12.95%

Revenues

568m

+9.70%

Net income

218m

+16.74%

CFO

254m

+53.28%

Dividend

Apr 10, 20242.24 CHF/sh

Earnings

Aug 14, 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	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	567,541 9.70%	517,358 22.98%	420,692 7.32%
Cost of revenue	213,441	191,632	70,282
Unusual Expense (Income)
NOPBT	354,100	325,726	350,410
NOPBT Margin	62.39%	62.96%	83.29%
Operating Taxes	34,396	30,974	24,164
Tax Rate	9.71%	9.51%	6.90%
NOPAT	319,704	294,752	326,246
Net income	218,225 16.74%	186,935 23.72%	151,096 5.96%
Dividends	(89,586)	(68,396)	(61,884)
Dividend yield	1.57%	1.77%	2.19%
Proceeds from repurchase of equity	(5,946)	4,561	(15,451)
BB yield	0.10%	-0.12%	0.55%
Debt
Debt current	107,947	55,714	136,826
Long-term debt	720,635	556,344	401,574
Deferred revenue			27,183
Other long-term liabilities	103,850	73,647	(28,733)
Net debt	(1,649,501)	(1,840,328)	(5,106,602)
Cash flow
Cash from operating activities	254,211	165,852	196,417
CAPEX	(14,942)	(4,425)	(32,475)
Cash from investing activities	3,255	(30,854)	(621,955)
Cash from financing activities	14,558	(1,210)	497,484
FCF	483,248	(1,176,754)	950,288
Balance
Cash	1,910,557	1,690,985	1,462,719
Long term investments	567,526	761,401	4,182,283
Excess cash	2,449,706	2,426,518	5,623,967
Stockholders' equity	1,106,667	973,760	824,592
Invested Capital	813,756	579,356	484,697
ROIC	45.90%	55.40%	42.91%
ROCE	18.37%	20.93%	26.73%
EV
Common stock shares outstanding	39,505	39,401	39,271
Price	144.00 46.64%	98.20 36.77%	71.80 -26.58%
Market cap	5,688,778 47.03%	3,869,205 37.22%	2,819,639 -26.88%
EV	4,046,424	2,035,908	(2,279,090)
EBITDA	379,266	348,818	372,051
EV/EBITDA	10.67	5.84
Interest	34,289	1,185	873
Interest/NOPBT	9.68%	0.36%	0.25%