Vontobel Holding AG (VONN.SW) stock analysis

In our weekly check, Vontobel Holding AG is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 3, red flags: 6.

About Vontobel Holding AG

Vontobel Holding AG is a Financial Services company (Asset Management) based in Switzerland, listed on SIX as VONN.SW.

What our checks show for VONN.SW

Red flags

• Net debt is 22.5x a year of EBITDA (debt/equity 6.97). That limits room in a downturn and raises refinancing risk.
• Revenue fell 2.7% a year over the last 3 years.
• The stock has fallen as much as 80% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 12.1 years.
• Thinly traded (about 66 thousand shares a day): buying and selling can move the price.
• Return on capital (ROCE) is only 2.1%.

Warning signs

• Operating profit covers interest only 3.9 times: a weak year could make the payments hard.
• The net margin fell by 1 points over 5 years, to 18.2%: the company keeps less of each sale as profit.
• Analysts expect only about 2.5% a year of growth in revenue.

Strengths

• The gross margin is 92.6% and has risen by 13.4 points: pricing power is holding.
• Operating cash flow is 5.28x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 11.7% a year over the next years.
• Analysts expect the net margin to improve by 5.6 points from today's 18.2%.
• Free cash flow is 91.9% of revenue: cash for dividends, buybacks or growth.
• The price is 13.3 times earnings (P/E), reasonable for its growth.

Similar companies

ICG.L · STJ.L · MAIN · AZM.MI · HASI · BXSL

Questions

What grade does Vontobel Holding AG (VONN.SW) have?

In our weekly check, Vontobel Holding AG is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 3, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of VONN.SW stock?

This week's biggest flags for Vontobel Holding AG: High debt, Weak revenue growth, Deep past fall. In total 9 of 25 checks show a warning or a red flag.

What does Vontobel Holding AG do?

Vontobel Holding AG is a Financial Services company (Asset Management) based in Switzerland, listed on SIX as VONN.SW.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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