Analysts
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Under the analyst's microscope
Financial analysts
List of sell-side analysts who currently cover VP Bank shares with their own research:
|
Company |
Analyst |
Telephone |
| Kepler Cheuvreux | Tobias Lukesch | +49 69 7569 6217 |
| Research Partners AG | Rainer Skierka | +41 44 533 40 30 |
| Zürcher Kantonalbank | Michael Klien |
+41 44 292 35 87 |
Consensus pre H1 2024
The consensus published here is based on estimates received from analysts. The above listed analysts were asked to submit their estimates for each of the values listed herein to facilitate comparisons. VP Bank received estimates from 3 analysts in the period from 15 of July to 5 of August, 2024. The consensus published here is based on the arithmetic mean of the estimates received.
VP Bank Analyst Consensus (last updated 05.08.2024)
| CHF mn | H1 2023 | H2 2023 | FY 2023 | H1 2024 | H2 2024 | FY 2024 | FY 2025 | FY 2026 |
| Total net interest income | 72,1 | 61,6 | 133,6 | 53,3 | 52,5 | 105,8 | 108,4 | 112,8 |
| Total net income from commission business and services | 69,8 | 68,1 | 137,9 | 72,1 | 74,1 | 146,2 | 152,2 | 156,8 |
| Income from trading actvities | 38,7 | 46,6 | 85,3 | 39,2 | 35,1 | 74,3 | 74,1 | 74,0 |
| Income from financial instruments | 5,3 | 0,7 | 6,0 | 2,9 | 3,2 | 6,1 | 6,1 | 6,1 |
| Other income | 2,5 | -0,8 | 1,6 | 1,2 | 1,2 | 2,4 | 2,4 | 2,4 |
| Total operating income | 188,3 | 176,1 | 364,4 | 168,7 | 166,0 | 334,7 | 343,2 | 352,2 |
| Personnel expenses | 89,8 | 85,9 | 175,8 | 89,7 | 85,7 | 175,4 | 174,7 | 176,3 |
| General and administrative expenses | 40,9 | 43,6 | 84,5 | 41,6 | 42,5 | 84,1 | 83,1 | 81,2 |
| Depreciation of property, equipment and intangible assets | 22,3 | 23,7 | 45,9 | 22,0 | 21,7 | 43,7 | 43,1 | 42,8 |
| Credit loss expenses | 4,5 | 0,4 | 5,0 | 0,5 | 2,1 | 2,6 | 2,6 | 2,6 |
| Provisions and losses | 0,7 | 1,7 | 2,4 | 0,3 | 0,7 | 1,0 | 1,0 | 1,0 |
| Operating expenses | 158,2 | 155,1 | 313,5 | 154,3 | 153,8 | 308,1 | 306,0 | 306,5 |
| Earnings before income tax | 30,0 | 20,9 | 50,9 | 14,5 | 14,6 | 29,1 | 39,8 | 48,2 |
| Taxes on income | 4,6 | 2,1 | 6,7 | 2,1 | 1,8 | 3,9 | 5,7 | 6,9 |
| Group net income | 25,5 | 18,7 | 44,2 | 12,4 | 12,8 | 25,2 | 34,1 | 41,3 |
| CHF bn | H1 2023 | H2 2023 | FY 2023 | H1 2024 | H2 2024 | FY 2024 | FY 2025 | FY 2026 |
| Total client assets under management (CHF bn) | 47,2 | 46,4 | 46,4 | 48,7 | 48,9 | 48,9 | 52,0 | 55,6 |
| Total client assets (CHF bn) | 52,8 | 51,1 | 51,1 | 50,7 | 51,8 | 51,8 | 54,8 | 58,7 |
| Loans (CHF bn) | 5,4 | 5,5 | 5,5 | 5,4 | 5,6 | 5,6 | 5,7 | 6,0 |
| Net new money | 0,1 | -0,1 | 0,0 | 0,3 | 0,4 | 0,7 | 1,4 | 1,7 |
| Ratios (%) | H1 2023 | H2 2023 | FY 2023 | H1 2024 | H2 2024 | FY 2024 | FY 2025 | FY 2026 |
| Cost/Income Ratio | 84,1 | 88,1 | 86,0 | 91,4 | 92,7 | 92,0 | 89,1 | 87,0 |
| Tier 1 Ratio | 23,4 | 24,9 | 24,9 | 23,7 | 24,1 | 24,1 | 23,7 | 23,6 |
| Per share date (CHF) | H1 2023 | H2 2023 | FY 2023 | H1 2024 | H2 2024 | FY 2024 | FY 2025 | FY 2026 |
| Dividend per share | na | na | 5,00 | na | na | 4,3 | 4,7 | 5,0 |
VP Bank wishes to emphasize that the consensus forecasts provided herewith are solely based on the contributing analysts' opinions, forecasts and estimates regarding the company's performance. VP Bank has not verified any of the information provided by the analysts and does not make any representation concerning its accuracy and completeness. The consensus forecasts do not in any way represent opinions, forecasts or estimates of VP Bank and its management. VP Bank does not express any opinion in respect of the analysts' opinions, forecasts or estimates and does not by providing these consensus forecasts imply, and expressly disclaims, any endorsement of or concurrence with any information, estimates, forecasts, opinions, conclusions or recommendations made or provided by such analysts. VP Bank does not assume any liability for the accuracy of the consensus forecasts and undertakes no obligation to update or revise such forecasts. This document is provided purely for informational purposes.
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