HELVETIA BALOISE HOLDING AG (HVXA.DE) Fundamental Analysis & Valuation

FRA:HVXA • CH0466642201

207 EUR
-9.2 (-4.26%)
Last: Jan 23, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This HVXA.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Overall HVXA gets a fundamental rating of 3 out of 10. We evaluated HVXA against 47 industry peers in the Insurance industry. HVXA has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, HVXA is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

4

1. HVXA.DE Profitability Analysis

1.1 Basic Checks

  • HVXA had positive earnings in the past year.
  • HVXA had a positive operating cash flow in the past year.
  • In the past 5 years HVXA has always been profitable.
  • HVXA had a positive operating cash flow in 4 of the past 5 years.
HVXA.DE Yearly Net Income VS EBIT VS OCF VS FCFHVXA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M 1B

1.2 Ratios

  • The Return On Assets of HVXA (0.90%) is worse than 62.50% of its industry peers.
  • HVXA has a Return On Equity of 13.62%. This is comparable to the rest of the industry: HVXA outperforms 45.83% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 1.14%, HVXA is in line with its industry, outperforming 52.08% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for HVXA is below the industry average of 3.45%.
  • The last Return On Invested Capital (1.14%) for HVXA is above the 3 year average (0.85%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.9%
ROE 13.62%
ROIC 1.14%
ROA(3y)0.66%
ROA(5y)0.61%
ROE(3y)9.85%
ROE(5y)8.09%
ROIC(3y)0.85%
ROIC(5y)0.79%
HVXA.DE Yearly ROA, ROE, ROICHVXA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • HVXA has a Profit Margin of 5.54%. This is in the lower half of the industry: HVXA underperforms 70.83% of its industry peers.
  • HVXA's Profit Margin has been stable in the last couple of years.
  • HVXA's Operating Margin of 8.65% is on the low side compared to the rest of the industry. HVXA is outperformed by 62.50% of its industry peers.
  • In the last couple of years the Operating Margin of HVXA has grown nicely.
Industry RankSector Rank
OM 8.65%
PM (TTM) 5.54%
GM N/A
OM growth 3Y7.63%
OM growth 5Y5.09%
PM growth 3Y8.43%
PM growth 5Y0.2%
GM growth 3YN/A
GM growth 5YN/A
HVXA.DE Yearly Profit, Operating, Gross MarginsHVXA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

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1

2. HVXA.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HVXA is destroying value.
  • HVXA has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, HVXA has more shares outstanding
  • HVXA has a better debt/assets ratio than last year.
HVXA.DE Yearly Shares OutstandingHVXA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
HVXA.DE Yearly Total Debt VS Total AssetsHVXA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • HVXA has a debt to FCF ratio of 4.86. This is a neutral value as HVXA would need 4.86 years to pay back of all of its debts.
  • HVXA has a Debt to FCF ratio of 4.86. This is in the lower half of the industry: HVXA underperforms 70.83% of its industry peers.
  • HVXA has a Debt/Equity ratio of 0.61. This is a neutral value indicating HVXA is somewhat dependend on debt financing.
  • HVXA has a Debt to Equity ratio of 0.61. This is comparable to the rest of the industry: HVXA outperforms 58.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 4.86
Altman-Z N/A
ROIC/WACC0.23
WACC4.85%
HVXA.DE Yearly LT Debt VS Equity VS FCFHVXA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 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
HVXA.DE Yearly Current Assets VS Current LiabilitesHVXA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. HVXA.DE Growth Analysis

3.1 Past

  • HVXA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 98.06%, which is quite impressive.
  • HVXA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.09% yearly.
  • HVXA shows a small growth in Revenue. In the last year, the Revenue has grown by 1.00%.
  • The Revenue has been decreasing by -2.00% on average over the past years.
EPS 1Y (TTM)98.06%
EPS 3Y-0.66%
EPS 5Y-3.09%
EPS Q2Q%26.65%
Revenue 1Y (TTM)1%
Revenue growth 3Y-8.37%
Revenue growth 5Y-2%
Sales Q2Q%1.21%

3.2 Future

  • HVXA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.04% yearly.
  • The Revenue is expected to grow by 13.13% on average over the next years. This is quite good.
EPS Next Y26%
EPS Next 2Y13.38%
EPS Next 3Y12.5%
EPS Next 5Y13.04%
Revenue Next Year4.81%
Revenue Next 2Y4.02%
Revenue Next 3Y3.74%
Revenue Next 5Y13.13%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
HVXA.DE Yearly Revenue VS EstimatesHVXA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
HVXA.DE Yearly EPS VS EstimatesHVXA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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3

4. HVXA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 18.58, the valuation of HVXA can be described as rather expensive.
  • Based on the Price/Earnings ratio, HVXA is valued a bit more expensive than the industry average as 72.92% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 26.46. HVXA is valued slightly cheaper when compared to this.
  • HVXA is valuated correctly with a Price/Forward Earnings ratio of 16.55.
  • Based on the Price/Forward Earnings ratio, HVXA is valued a bit more expensive than the industry average as 77.08% of the companies are valued more cheaply.
  • When comparing the Price/Forward Earnings ratio of HVXA to the average of the S&P500 Index (24.65), we can say HVXA is valued slightly cheaper.
Industry RankSector Rank
PE 18.58
Fwd PE 16.55
HVXA.DE Price Earnings VS Forward Price EarningsHVXA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 66.67% of the companies in the same industry are more expensive than HVXA, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, HVXA is valued a bit more expensive than 70.83% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.11
EV/EBITDA 11.25
HVXA.DE Per share dataHVXA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • HVXA's earnings are expected to grow with 12.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.71
PEG (5Y)N/A
EPS Next 2Y13.38%
EPS Next 3Y12.5%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. HVXA.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.44%, HVXA has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 4.21, HVXA is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, HVXA pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.44%

5.2 History

  • The dividend of HVXA has a limited annual growth rate of 4.09%.
Dividend Growth(5Y)4.09%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • HVXA pays out 68.76% of its income as dividend. This is not a sustainable payout ratio.
  • HVXA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP68.76%
EPS Next 2Y13.38%
EPS Next 3Y12.5%
HVXA.DE Yearly Income VS Free CF VS DividendHVXA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M
HVXA.DE Dividend Payout.HVXA.DE Dividend Payout, showing the Payout Ratio.HVXA.DE Dividend Payout.PayoutRetained Earnings

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HVXA.DE Fundamentals: All Metrics, Ratios and Statistics

HELVETIA BALOISE HOLDING AG

FRA:HVXA (1/23/2026, 7:00:00 PM)

207

-9.2 (-4.26%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)09-03
Earnings (Next)04-15
Inst Owners17.75%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap10.98B
Revenue(TTM)9.74B
Net Income(TTM)539.52M
Analysts81.67
Price Target223.74 (8.09%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.44%
Yearly Dividend7.03
Dividend Growth(5Y)4.09%
DP68.76%
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)0%
PT rev (3m)3%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.05%
EPS NY rev (3m)3.46%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-6.53%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 18.58
Fwd PE 16.55
P/S 1.03
P/FCF 20.11
P/OCF 16.22
P/B 2.54
P/tB 4.15
EV/EBITDA 11.25
EPS(TTM)11.14
EY5.38%
EPS(NY)12.51
Fwd EY6.04%
FCF(TTM)10.29
FCFY4.97%
OCF(TTM)12.76
OCFY6.17%
SpS200.59
BVpS81.6
TBVpS49.91
PEG (NY)0.71
PEG (5Y)N/A
Graham Number143.01
Profitability
Industry RankSector Rank
ROA 0.9%
ROE 13.62%
ROCE 1.41%
ROIC 1.14%
ROICexc 1.16%
ROICexgc 1.24%
OM 8.65%
PM (TTM) 5.54%
GM N/A
FCFM 5.13%
ROA(3y)0.66%
ROA(5y)0.61%
ROE(3y)9.85%
ROE(5y)8.09%
ROIC(3y)0.85%
ROIC(5y)0.79%
ROICexc(3y)0.87%
ROICexc(5y)0.81%
ROICexgc(3y)0.93%
ROICexgc(5y)0.87%
ROCE(3y)1.05%
ROCE(5y)0.98%
ROICexgc growth 3Y3.3%
ROICexgc growth 5Y3.6%
ROICexc growth 3Y3.18%
ROICexc growth 5Y3.21%
OM growth 3Y7.63%
OM growth 5Y5.09%
PM growth 3Y8.43%
PM growth 5Y0.2%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 4.86
Debt/EBITDA 2.44
Cap/Depr 77.14%
Cap/Sales 1.23%
Interest Coverage 250
Cash Conversion 62.13%
Profit Quality 92.66%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC4.85%
ROIC/WACC0.23
Cap/Depr(3y)76.21%
Cap/Depr(5y)58.01%
Cap/Sales(3y)1.4%
Cap/Sales(5y)1.04%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)98.06%
EPS 3Y-0.66%
EPS 5Y-3.09%
EPS Q2Q%26.65%
EPS Next Y26%
EPS Next 2Y13.38%
EPS Next 3Y12.5%
EPS Next 5Y13.04%
Revenue 1Y (TTM)1%
Revenue growth 3Y-8.37%
Revenue growth 5Y-2%
Sales Q2Q%1.21%
Revenue Next Year4.81%
Revenue Next 2Y4.02%
Revenue Next 3Y3.74%
Revenue Next 5Y13.13%
EBIT growth 1Y70.83%
EBIT growth 3Y-1.38%
EBIT growth 5Y2.99%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y100.28%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y72.23%
OCF growth 3Y-60.17%
OCF growth 5Y-41.13%

HELVETIA BALOISE HOLDING AG / HVXA.DE FAQ

What is the ChartMill fundamental rating of HELVETIA BALOISE HOLDING AG (HVXA.DE) stock?

ChartMill assigns a fundamental rating of 3 / 10 to HVXA.DE.


What is the valuation status of HELVETIA BALOISE HOLDING AG (HVXA.DE) stock?

ChartMill assigns a valuation rating of 3 / 10 to HELVETIA BALOISE HOLDING AG (HVXA.DE). This can be considered as Overvalued.


Can you provide the profitability details for HELVETIA BALOISE HOLDING AG?

HELVETIA BALOISE HOLDING AG (HVXA.DE) has a profitability rating of 4 / 10.


Can you provide the expected EPS growth for HVXA stock?

The Earnings per Share (EPS) of HELVETIA BALOISE HOLDING AG (HVXA.DE) is expected to grow by 26% in the next year.


Can you provide the dividend sustainability for HVXA stock?

The dividend rating of HELVETIA BALOISE HOLDING AG (HVXA.DE) is 4 / 10 and the dividend payout ratio is 68.76%.