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BALOISE HOLDING AG - REG (BLON.DE) Stock Fundamental Analysis

Europe - FRA:BLON - CH0012410517 - Common Stock

215.2 EUR
+0.6 (+0.28%)
Last: 9/10/2025, 7:00:00 PM
Fundamental Rating

3

Overall BLON gets a fundamental rating of 3 out of 10. We evaluated BLON against 40 industry peers in the Insurance industry. BLON may be in some trouble as it scores bad on both profitability and health. BLON is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year BLON was profitable.
BLON had a positive operating cash flow in the past year.
BLON had positive earnings in each of the past 5 years.
BLON had a positive operating cash flow in 4 of the past 5 years.
BLON.DE Yearly Net Income VS EBIT VS OCF VS FCFBLON.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B 1.5B

1.2 Ratios

With a Return On Assets value of 0.56%, BLON is not doing good in the industry: 82.50% of the companies in the same industry are doing better.
BLON has a worse Return On Equity (12.66%) than 62.50% of its industry peers.
BLON has a Return On Invested Capital of 1.04%. This is in the lower half of the industry: BLON underperforms 60.00% of its industry peers.
Industry RankSector Rank
ROA 0.56%
ROE 12.66%
ROIC 1.04%
ROA(3y)0.37%
ROA(5y)0.45%
ROE(3y)8.42%
ROE(5y)7.91%
ROIC(3y)N/A
ROIC(5y)N/A
BLON.DE Yearly ROA, ROE, ROICBLON.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

1.3 Margins

With a Profit Margin value of 6.82%, BLON is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of BLON has declined.
Looking at the Operating Margin, with a value of 17.08%, BLON is in the better half of the industry, outperforming 77.50% of the companies in the same industry.
In the last couple of years the Operating Margin of BLON has grown nicely.
Industry RankSector Rank
OM 17.08%
PM (TTM) 6.82%
GM N/A
OM growth 3Y42.24%
OM growth 5Y25.17%
PM growth 3Y-4.31%
PM growth 5Y-5.16%
GM growth 3YN/A
GM growth 5YN/A
BLON.DE Yearly Profit, Operating, Gross MarginsBLON.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BLON is destroying value.
Compared to 1 year ago, BLON has about the same amount of shares outstanding.
BLON has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, BLON has an improved debt to assets ratio.
BLON.DE Yearly Shares OutstandingBLON.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
BLON.DE Yearly Total Debt VS Total AssetsBLON.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B

2.2 Solvency

The Debt to FCF ratio of BLON is 2.80, which is a good value as it means it would take BLON, 2.80 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.80, BLON is in line with its industry, outperforming 55.00% of the companies in the same industry.
BLON has a Debt/Equity ratio of 0.69. This is a neutral value indicating BLON is somewhat dependend on debt financing.
BLON has a worse Debt to Equity ratio (0.69) than 62.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 2.8
Altman-Z N/A
ROIC/WACC0.24
WACC4.31%
BLON.DE Yearly LT Debt VS Equity VS FCFBLON.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BLON.DE Yearly Current Assets VS Current LiabilitesBLON.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 73.55% over the past year.
BLON shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.80% yearly.
Looking at the last year, BLON shows a decrease in Revenue. The Revenue has decreased by -5.88% in the last year.
The Revenue has been decreasing by -6.29% on average over the past years.
EPS 1Y (TTM)73.55%
EPS 3Y-13.42%
EPS 5Y-10.8%
EPS Q2Q%25.41%
Revenue 1Y (TTM)-5.88%
Revenue growth 3Y-9.29%
Revenue growth 5Y-6.29%
Sales Q2Q%-15.96%

3.2 Future

The Earnings Per Share is expected to grow by 8.09% on average over the next years. This is quite good.
Based on estimates for the next years, BLON will show a small growth in Revenue. The Revenue will grow by 2.82% on average per year.
EPS Next Y44.8%
EPS Next 2Y23.7%
EPS Next 3Y17.08%
EPS Next 5Y8.09%
Revenue Next Year-0.76%
Revenue Next 2Y0.99%
Revenue Next 3Y1.54%
Revenue Next 5Y2.82%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BLON.DE Yearly Revenue VS EstimatesBLON.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B 10B
BLON.DE Yearly EPS VS EstimatesBLON.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 20.75, BLON is valued on the expensive side.
Based on the Price/Earnings ratio, BLON is valued expensively inside the industry as 82.50% of the companies are valued cheaper.
Compared to an average S&P500 Price/Earnings ratio of 27.30, BLON is valued a bit cheaper.
A Price/Forward Earnings ratio of 17.14 indicates a rather expensive valuation of BLON.
82.50% of the companies in the same industry are cheaper than BLON, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of BLON to the average of the S&P500 Index (22.73), we can say BLON is valued slightly cheaper.
Industry RankSector Rank
PE 20.75
Fwd PE 17.14
BLON.DE Price Earnings VS Forward Price EarningsBLON.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLON indicates a somewhat cheap valuation: BLON is cheaper than 77.50% of the companies listed in the same industry.
BLON's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 10.76
EV/EBITDA 7.56
BLON.DE Per share dataBLON.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

BLON's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BLON's earnings are expected to grow with 17.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)N/A
EPS Next 2Y23.7%
EPS Next 3Y17.08%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.03%, BLON is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.48, BLON is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.41, BLON pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.03%

5.2 History

The dividend of BLON has a limited annual growth rate of 4.90%.
Dividend Growth(5Y)4.9%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

83.31% of the earnings are spent on dividend by BLON. This is not a sustainable payout ratio.
BLON's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP83.31%
EPS Next 2Y23.7%
EPS Next 3Y17.08%
BLON.DE Yearly Income VS Free CF VS DividendBLON.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B
BLON.DE Dividend Payout.BLON.DE Dividend Payout, showing the Payout Ratio.BLON.DE Dividend Payout.PayoutRetained Earnings

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BALOISE HOLDING AG - REG

FRA:BLON (9/10/2025, 7:00:00 PM)

215.2

+0.6 (+0.28%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)09-10 2025-09-10
Earnings (Next)N/A N/A
Inst Owners32.84%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap9.86B
Analysts78.18
Price Target230.62 (7.17%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.03%
Yearly Dividend8.22
Dividend Growth(5Y)4.9%
DP83.31%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.41%
PT rev (3m)2.46%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.56%
EPS NY rev (3m)1.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.36%
Valuation
Industry RankSector Rank
PE 20.75
Fwd PE 17.14
P/S 1.42
P/FCF 10.76
P/OCF 10.12
P/B 2.65
P/tB 2.8
EV/EBITDA 7.56
EPS(TTM)10.37
EY4.82%
EPS(NY)12.55
Fwd EY5.83%
FCF(TTM)20.01
FCFY9.3%
OCF(TTM)21.26
OCFY9.88%
SpS151.08
BVpS81.35
TBVpS76.81
PEG (NY)0.46
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.56%
ROE 12.66%
ROCE 1.41%
ROIC 1.04%
ROICexc 1.08%
ROICexgc 1.12%
OM 17.08%
PM (TTM) 6.82%
GM N/A
FCFM 13.24%
ROA(3y)0.37%
ROA(5y)0.45%
ROE(3y)8.42%
ROE(5y)7.91%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y32.78%
ROICexcg growth 5Y18.53%
ROICexc growth 3Y33.31%
ROICexc growth 5Y18.79%
OM growth 3Y42.24%
OM growth 5Y25.17%
PM growth 3Y-4.31%
PM growth 5Y-5.16%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 2.8
Debt/EBITDA 2.08
Cap/Depr 112.63%
Cap/Sales 0.83%
Interest Coverage 21.91
Cash Conversion 78.99%
Profit Quality 194.26%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC4.31%
ROIC/WACC0.24
Cap/Depr(3y)71.5%
Cap/Depr(5y)67.28%
Cap/Sales(3y)1%
Cap/Sales(5y)0.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)73.55%
EPS 3Y-13.42%
EPS 5Y-10.8%
EPS Q2Q%25.41%
EPS Next Y44.8%
EPS Next 2Y23.7%
EPS Next 3Y17.08%
EPS Next 5Y8.09%
Revenue 1Y (TTM)-5.88%
Revenue growth 3Y-9.29%
Revenue growth 5Y-6.29%
Sales Q2Q%-15.96%
Revenue Next Year-0.76%
Revenue Next 2Y0.99%
Revenue Next 3Y1.54%
Revenue Next 5Y2.82%
EBIT growth 1Y-19.16%
EBIT growth 3Y29.02%
EBIT growth 5Y17.29%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1471.56%
FCF growth 3Y-51.96%
FCF growth 5Y-33.44%
OCF growth 1Y772.48%
OCF growth 3Y-38.25%
OCF growth 5Y-24.06%