VP Bank share

The VP Bank share – a sound stock

An investment in VP Bank is an attractive and secure investment. Our Standard & Poor’s rating of A (confirmed 17 July 2020) is testimony to that.

The A registered shares of VP Bank AG are listed on Switzerland's stock market, the SIX Swiss Exchange, and can be freely traded. The stock is included in the SPI, SPI Extra, SPI ex SLI and Swiss All Share Index on the SIX Swiss Exchange. The B registered shares of VP Bank AG are not listed but are spread among the population of Liechtenstein. Both share categories confer the membership rights stipulated in the Liechtenstein Code of Personal and Company Law (CPCL) and in the Articles of Association.

At the general meeting of shareholders of VP Bank each A registered share (nominal value: CHF 10) and each B registered share (nominal value: CHF 1) confer one vote, regardless of nominal value.For many years VP Bank has operated a well-balanced dividend policy with regular distributions in order to remain attractive to investors over the longer term: as a guideline range, between 40% and 60% of Group profits is paid out to the shareholders.

Chart

Market Trend

Key share data

Semester summary of key financial ratios

  30.06.2018 31.12.2018 30.06.2019 31.12.2019 30.06.2020
Group net income per A registered share in CHF 4.82 9.04 5.89 12.28 2.39
Shareholder's equity per A registered share in CHF 157.70 164.80 165.43 173.23 164.23
Trading price per A registered share in CHF 188.80 141.40 157.80 155.00 123.00
Trading price per B registered share in CHF 18.90 14.20 15.80 15.50 12.30
Market capitalisation in CHF million 1,249 936 1,044 1'025 814
Price-earnings ratio per A registered share in CHF 19.60 15.64 13.40 12.62 25.78
Price-earnings ratio per B registered share in CHF 19.63 15.71 13.42 12.62 25.78
Dividend per A registered share in CHF n.a. 5.50 n.a. 5.50 n.a.
Dividend per B registered share in CHF n.a. 0.55 n.a. 0.55 n.a.
Payout ratio (as a percentage of consolidated earnings) n.a. 60.8% n.a. 44.8% n.a.
Net dividend yield n.a. 3.90% n.a. 3.5% n.a.
Free float 52.41% 50.62% 50.45% 50.14% 50.45 %

Five-year summary of key financial ratios

  2015 2016 2017 2018 2019
Group net income per A registered share in CHF 10.17 9.61 10.89 9.04 12.28
Shareholder's equity per A registered share in CHF 154.01 157.14 165.33 164.80 173.23
Trading price per A registered share in CHF 82.00 108.00 133.00 141.40 155.00
Trading price per B registered share in CHF 8.20 10.80 13.30 14.20 15.50
Market capitalisation in CHF million 542 714 880 936 1'025
Price-earnings ratio per A registered share in CHF 8.06 11.24 12.21 15.64 12.62
Price-earnings ratio per B registered share in CHF 8.06 11.24 12.21 15.71 12.62
Dividend per A registered share in CHF 4.00 4.50 5.50 5.50 5.50
Dividend per B registered share in CHF 4.00 0.45 0.55 0.55 0.55
Payout ratio (as a percentage of consolidated earnings) 39.30% 46.80% 50.5% 60.8% 44.8%
Net dividend yield 4.90% 4.20% 4.10% 3.90% 3.5%
Free float 40.02% 44.42% 49.37 % 50.62% 50.14%

Capital structure

VP Bank's share capital amounts to CHF 66,154,167. It is divided into 6,015,000 listed A registered shares each with a nominal value of CHF 10.00 and 6,004,167 unlisted B registered shares each with a nominal value of CHF 1.00.

 

31.12.2018
No. of shares

31.12.2018
Capital (CHF)

31.12.2019
No. of shares

31.12.2019
Capital (CHF)

A registered shares, nom. CHF 10

6,015,000

60,150,000

6,015,000

60,150,000

B registered shares, nom. CHF 1

6,004,167

6,004,167

6,004,167

6,004,167

Total share capital

12,019,167

66,154,167

12,019,167

66,154,167

 

VP Bank does not have any authorised or conditional capital.

 

 

Prominent shareholders (anchor shareholders)

As at 31 December 2019 the following shareholders declared that they held more than 10% of the share capital of VP Bank and/or exercised more than 5% of the associated voting rights:

Shareholders

Reg'd share A

Reg'd share B

Votes

 Voting rights as % of total

Ownership of total share capital

"Stiftung Fürstl. Kommerzienrat Guido Feger" foundation, Vaduz

1,066,426

4,530,047

5,596,473

46.6%

23.0%

"U.M.M. Hilti-Stiftung" foundation, Schaan

577,541

658,370

1,235,911

10.0%

9.7%

"Marxer Stiftung für Bank- und Unternehmenswerte" foundation, Vaduz

756,855

0

756,855

6.3%

11.4%

Analyst coverage – under the analyst's microscope

Company

Assessment

Analyst

Telephone

MIRABAUD Securities LLP

 buy

Daniel König

+41 58 816 88 72

Zürcher Kantonalbank

outperform

Javier Lodeiro

+41 44 292 24 07
Research Partners AG buy Rainer Skierka +41 44 533 40 30

Ratings

Company Rating Analyst Telephone
Standard & Poor's A/Negative/A-1 Heiko Verhaag +49 69 33 999 215
GBB-Rating A- Volker Stein +49 221 912 897 253

 

Corporate calendar

You will find all dates for the publication of our corporate figures, media conferences and annual general meetings in our corporate calendar.

2019 Annual Report

Everything you need to know about the last financial year can be found in the online version of the 2019 Annual Report.

Semi-annual report 2020

You can also read about our results for the first half of the 2020 financial year in the online version of the VP Bank Group 2020 semi-annual report.

Contact us

Do you have questions regarding our investor relations? If so you can contact us easily by telephone, e-mail or contact form.
Your contact person is Rudolf Seuhs, Senior Corporate Communications Manager.
Contact form
 +423 235 65 22
Salutation
Please contact me via
It is within the discretion of VP Bank whether and in what manner it will answer an enquiry or not, especially when such is not within the scope of the business or when the respective country is not one of the markets in which VP Bank operates.