BERNER KANTONALBANK AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 250 CHF | +0.81% |
|
+0.40% | +5.93% |
| Feb. 01 | Berner Kantonalbank Posts Higher FY23 Profit | MT |
| 2023 | Berner Kantonalbank AG Reports Earnings Results for the Half Year Ended June 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,631 | 1,806 | 2,055 | 2,108 | 1,871 | 2,055 |
| Enterprise Value (EV) 1 | 2,161 | 3,833 | 3,909 | 3,040 | 2,847 | 2,865 |
| P/E ratio | 12.3 x | 13.2 x | 14.9 x | 14.2 x | 12.1 x | 12.9 x |
| Yield | 3.74% | 4.11% | 3.78% | 3.86% | 4.54% | 4.31% |
| Capitalization / Revenue | 3.55 x | 4.72 x | 5.08 x | 5.1 x | 4.04 x | 4.23 x |
| EV / Revenue | 4.7 x | 10 x | 9.67 x | 7.36 x | 6.14 x | 5.9 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 0.66 x | 0.7 x | 0.78 x | 0.8 x | 0.69 x | 0.74 x |
| Nbr of stocks (in thousands) | 9,245 | 9,269 | 9,255 | 9,245 | 9,240 | 9,237 |
| Reference price 2 | 176.4 | 194.8 | 222.0 | 228.0 | 202.5 | 222.5 |
| Announcement Date | 3/14/18 | 3/13/19 | 3/6/20 | 3/19/21 | 3/1/22 | 3/16/23 |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 459.6 | 382.8 | 404.1 | 413.2 | 463.5 | 485.7 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 174.8 | 175.3 | 171.8 | 171.4 | 190.3 | 189.5 |
| Net income 1 | 137.4 | 140.8 | 142.9 | 148.4 | 154.9 | 159.6 |
| Net margin | 29.9% | 36.78% | 35.36% | 35.91% | 33.43% | 32.86% |
| EPS 2 | 14.36 | 14.71 | 14.93 | 16.06 | 16.77 | 17.24 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 6.600 | 8.000 | 8.400 | 8.800 | 9.200 | 9.600 |
| Announcement Date | 3/14/18 | 3/13/19 | 3/6/20 | 3/19/21 | 3/1/22 | 3/16/23 |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 530 | 2,027 | 1,854 | 932 | 976 | 810 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 5.62% | 5.55% | 5.49% | 5.62% | 5.79% | 5.83% |
| ROA (Net income/ Total Assets) | 0.48% | 0.47% | 0.45% | 0.43% | 0.41% | 0.41% |
| Assets 1 | 28,853 | 29,949 | 31,763 | 34,684 | 37,716 | 39,382 |
| Book Value Per Share 2 | 269.0 | 278.0 | 285.0 | 286.0 | 293.0 | 299.0 |
| Cash Flow per Share 2 | 407.0 | 389.0 | 541.0 | 853.0 | 932.0 | 911.0 |
| Capex 1 | 22 | 32.9 | 47.5 | 56.1 | 41.3 | 65.5 |
| Capex / Sales | 4.79% | 8.6% | 11.75% | 13.58% | 8.91% | 13.48% |
| Announcement Date | 3/14/18 | 3/13/19 | 3/6/20 | 3/19/21 | 3/1/22 | 3/16/23 |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +5.93% | 2.53B | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| +0.10% | 139B | |
| -11.67% | 138B |
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