VP Bank share

The VP Bank share – seizing opportunities on the capital market

VP Bank is an internationally oriented banking group with focus on the development of customised financial solutions for intermediaries and private persons. In addition, the group has an international fund competetence centre.

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.

The information presented here is not to be regarded as a personal investment recommendation or as a financial analysis, but constitutes a marketing communication. The ratings and analyst opinions stated are from third parties and VP Bank Ltd assumes no responsibility for them.

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Market Trend

Key data

Base data and key figures

Base data

Name VP BANK
ISIN LI0315487269
Securities number 31548726
Symbol VPBN
Currency CHF
Branche Banking
Sector Financial Sector
Country Liechtenstein
Exchange SWX

Key Figures

  2020 2021
Employees 990 1’012
Market capitalization (bn) 0.7 0.6
Earnings per share 6.90 8.33
PE Ratio (price /earnings ratio) 16.23 11.59
Dividend 4.00 5.00
Dividend yield 3.57% 5.18%
Ende of financial yearF 31.12.2020 31.12.2021
Assets under management (AuM) (bn) 47.44 51.28

Key share data

Semester summary of key financial ratios

  30.06.2020 31.12.2020 30.06.2021 31.12.2021 30.06.2022
Shareholder's equity per A registered share in CHF 164.23 169.93 172.98 178.62 176.48
Trading price per A registered share in CHF 123.00 112.00 111.00 96.60 89.80
Trading price per B registered share in CHF 12.30 11.20 11.10 9.70 9.00
Market capitalisation in CHF million 1) 814 741 734 639 594
Price Earnings Ratio pro Namenaktie A in CHF 2) 25.78 16.23 11.26 11.59 13.03
Dividend per A registered share in CHF 3) n.a. 4.00 n.a. 5.00 n.a.
Dividend per B registered share in CHF n.a. 0.40 n.a. 0.50 n.a.
Payout ratio (as a percentage of consolidated earnings) n.a. 58.0 % n.a. 60.0 % n.a.
Net dividend yield 4) n.a. 3.6 % n.a. 5.2 % n.a.
Free float 5) 50.45 % 50.15 % 50.15 % 50.15 % 51.95%

1) Registered shares A and B

2) Price at the end of the period divided by the consolidated earnings per share of the last 12 months (A and B identical).

3) Based on the weighted average number of shares outstanding

4) Dividend per share divided by the share price on 31.12.

5) Only registered shares A

Five-year summary of key financial ratios

  2017 2018 2019 2020 2021
Group net income per A registered share in CHF 10.89 9.04 12.28 6.90 8.33
Shareholder's equity per A registered share in CHF 165.33 164.80 173.23 169.93 178.62
Trading price per A registered share in CHF 133.00 141.40 155.00 112.00 96.60
Trading price per B registered share in CHF 13.30 14.20 15.50 11.20 9.70
Market capitalisation in CHF million 880 936 1'025 741 639
Price-earnings ratio per A registered share in CHF 12.21 15.64 12.62 16.23 11.59
Price-earnings ratio per B registered share in CHF 12.21 15.71 12.62 16.23 11.64
Dividend per A registered share in CHF 5.50 5.50 5.50 4.00 5.00*
Dividend per B registered share in CHF 0.55 0.55 0.55 0.40 0.50*
Payout ratio (as a percentage of consolidated earnings) 50.5% 60.8% 44.8% 58.0 % 60.0%
Net dividend yield 4.10% 3.90% 3.5% 3.6 % 5.2%
Free float 49.37% 50.62% 50.14% 50.15% 50.15%

* Proposal to the General Meeting

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.

 

31.12.2020
No. of shares

31.12.2020
Capital (CHF)

31.12.2021
No. of shares

31.12.2021
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 2021; 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

578,152

658,370

1,236,522

10.3%

9.7%

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

756,885

0

756,885

6.3%

11.4%

Analyst coverage – under the analyst's microscope

Company

Analyst

Telephone

MIRABAUD Securities LLP

Daniel König

+41 58 816 88 72

Zürcher Kantonalbank

Christian Schmidiger

+41 44 292 24 77
Research Partners AG Rainer Skierka +41 44 533 40 30
Kepler Cheuvreux Tobias Lukesch +49 69 7569 6217

Ratings

Company Rating Analyst Telephone
Standard & Poor's A/Negative/A-1

Benjamin Heinrich

 +49 69 33 999 167

 

Analyst coverage

Currently, four sell-side analysts cover VP Bank with their own research, which includes their own opinions and forecasts on VP Bank.

Group Executive Management

Here you can learn more about our Group Executive Management. It manages the parent company and heads VP Bank Group as a whole.

Group Sustainability

Learn about our commitment to sustainability in everyday practice.

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 Michèle Schnyder, Head of Investor Relations.
Contact form
 +423 235 60 80
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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.