Financials Swiss Life Holding AG Deutsche Boerse AG

Equities

SLW

CH0014852781

Life & Health Insurance

Delayed Deutsche Boerse AG 15:19:08 28/06/2019 BST 5-day change 1st Jan Change
433.8 EUR +0.46% Intraday chart for Swiss Life Holding AG -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 16,117 12,493 17,502 14,698 16,501 18,813 - -
Enterprise Value (EV) 1 16,117 12,493 17,502 14,698 16,501 18,813 18,813 18,813
P/E ratio 13.3 x 12.6 x 14 x 9.98 x 15.8 x 16.1 x 14.9 x 14.3 x
Yield 4.12% 5.09% 4.47% 5.24% 5.65% 5.44% 5.86% 5.85%
Capitalization / Revenue 0.66 x 0.57 x 0.79 x 0.69 x 1.43 x 1.09 x 1.07 x 1.33 x
EV / Revenue 0.66 x 0.57 x 0.79 x 0.69 x 1.43 x 1.09 x 1.07 x 1.33 x
EV / EBITDA - - - - - - - -
EV / FCF - 29.7 x 84.6 x 15.9 x 20.8 x 14.6 x 14 x 13.6 x
FCF Yield - 3.37% 1.18% 6.3% 4.8% 6.87% 7.15% 7.38%
Price to Book 1 x 0.78 x 1.05 x 1.52 x 2.06 x 2.49 x 2.4 x 2.42 x
Nbr of stocks (in thousands) 33,176 30,293 31,309 30,826 28,256 28,819 - -
Reference price 2 485.8 412.4 559.0 476.8 584.0 652.8 652.8 652.8
Announcement Date 28/02/20 02/03/21 01/03/22 02/03/23 08/04/24 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 24,320 21,728 22,219 21,358 11,541 17,195 17,575 14,125
EBITDA - - - - - - - -
EBIT 1 1,651 1,472 1,783 2,054 1,497 1,626 1,711 1,760
Operating Margin 6.79% 6.77% 8.02% 9.62% 12.97% 9.46% 9.74% 12.46%
Earnings before Tax (EBT) 1 1,528 1,351 1,663 1,934 1,366 1,451 1,533 1,617
Net income 1 1,199 1,046 1,247 1,449 1,094 1,129 1,183 1,220
Net margin 4.93% 4.81% 5.61% 6.78% 9.48% 6.56% 6.73% 8.64%
EPS 2 36.48 32.78 39.93 47.76 37.01 40.55 43.88 45.52
Free Cash Flow 1 - 421 207 926 792 1,292 1,345 1,388
FCF margin - 1.94% 0.93% 4.34% 6.86% 7.51% 7.65% 9.83%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - 40.25% 16.6% 63.91% 72.39% 114.47% 113.66% 113.8%
Dividend per Share 2 20.00 21.00 25.00 25.00 33.00 35.54 38.28 38.20
Announcement Date 28/02/20 02/03/21 01/03/22 02/03/23 08/04/24 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2023 S1
Net sales - - - -
EBITDA - - - -
EBIT 821 780 889 -
Operating Margin - - - -
Earnings before Tax (EBT) - - 814 -
Net income 1 - 537 618 619
Net margin - - - -
EPS - - - -
Dividend per Share - - - -
Announcement Date 28/02/20 13/08/20 17/08/21 07/09/23
1CHF in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 421 207 926 792 1,292 1,345 1,388
ROE (net income / shareholders' equity) 7.66% 6.4% 11% 11.5% 12.7% 14.6% 13.7% 10.5%
ROA (Net income/ Total Assets) 0.54% 0.45% 0.52% 0.63% 0.51% 0.5% 0.5% 0.5%
Assets 1 220,526 232,962 238,889 230,000 213,422 225,728 236,668 243,942
Book Value Per Share 2 486.0 527.0 531.0 313.0 284.0 262.0 273.0 270.0
Cash Flow per Share - - - - - - - -
Capex 1 - 43 - - 89 55 56 57
Capex / Sales - 0.2% - - 0.77% 0.32% 0.32% 0.4%
Announcement Date 28/02/20 02/03/21 01/03/22 02/03/23 08/04/24 - - -
1CHF in Million2CHF
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
652.8 CHF
Average target price
630.1 CHF
Spread / Average Target
-3.47%
Consensus

Annual profits - Rate of surprise

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