Valiant Holding AG, together with its subsidiaries, provides financial products and services in the areas of financing, payments, savings, investments, and retirement planning in Switzerland.MoreShow less
Profile & Fundamentals
Valiant Holding: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Valiant Holding Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Valiant Holding AG, together with its subsidiaries, provides financial products and services in the areas of financing, payments, savings, investments, and retirement planning in Switzerland. The company offers savings; real estate financing; loans for working capital and other basic services for businesses; unsecured and consumer loans; payment transactions and other banking transactions through Valiant app; and retirement planning and investment solutions, as well as personal advisory services. It serves private clients, affluent clients, self-employed individuals and small companies, and medium-sized companies. The company was founded in 1824 and is based in Bern, Switzerland.
Company profile record
Valiant Holding AG
Common Stock · Financials · Regional Banks
Company
- Company / asset
- Valiant Holding AG
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Regional Banks
- HQ
- 🇨🇭 Switzerland
- Head office
- Bundesplatz 4, Bern, Switzerland, 3001
Leadership & scale
- Chief executive
- Mr. Ewald Burgener
- CEO year born
- 1966
- Full-time employees
- 1.1K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- CHF 2.4B
- P/E
- 15.3x
- Revenue (Q2 26)
- CHF 177.5M
- Profit (Q2 26)
- CHF 42.6M
- Dividend Yield
- 2.6%
- Revenue (FY 25)
- CHF 737.1M
- Shares in public float
- 15.7M
- Insider ownership
- 0.35%
Reporting & identifiers
- Symbol
- VATN.SIX
- Listing
- 🇨🇭 Switzerland | Dividend Tax: 35%
- Ticker Currency
- CHF
- Income Statement Currency
- CHF
- Balance Sheet Currency
- CHF
- Cash Flow Currency
- CHF
- EPS Currency
- CHF
- Contract Type
- SPOT
- ISIN
- CH0014786500
- Asset ID
- equity_691fcac3-274c-5746-bf9e-d61e881c987b
Ownership
Shares Outstanding
Latest: 15.8M | Max: 15.8M | Min: 15.8M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
99.57%
15.7M latest reported shares
Insider Ownership
0.35%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 15,792,500 |
| 2018-01-01 | 15,792,500 |
| 2019-01-01 | 15,792,500 |
| 2020-01-01 | 15,792,500 |
| 2021-01-01 | 15,792,500 |
| 2022-01-01 | 15,792,500 |
| 2023-01-01 | 15,792,500 |
| 2024-01-01 | 15,792,500 |
| 2025-01-01 | 15,792,000 |
| 2026-01-01 | 15,762,500 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The bank's financial results reflect quiet resilience rather than explosive expansion. Full-year 2025 net profit advanced 2.9% to CHF 155 million, followed by a 3.4% rise in first-half 2026 to CHF 75.9 million. While headline revenue fell by double digits due to lower gross interest operations after the central bank cut rates to zero, core earnings held remarkably steady. Expanding commission income from wealth advisory and payment services helped offset the slight erosion in traditional lending margins. Beneath the published figures, management regularly channels pre-tax funds into general banking risk reserves, demonstrating conservative reporting that conceals underlying cash-generation strength. With credit default charges remaining practically zero, operating income flows directly into solid, recurring owner profits.
The bank's financial results reflect quiet resilience rather than explosive expansion. Full-year 2025 net profit advanced 2.9% to CHF 155 million, followed by a 3.4% rise in first-half 2026 to CHF 75.9 million. While headline revenue fell by double digits due to lower gross interest operations after the central bank cut rates to zero, core earnings held remarkably steady. Expanding commission income from wealth advisory and payment services helped offset the slight erosion in traditional lending margins. Beneath the published figures, management regularly channels pre-tax funds into general banking risk reserves, demonstrating conservative reporting that conceals underlying cash-generation strength. With credit default charges remaining practically zero, operating income flows directly into solid, recurring owner profits.
Revenue, Net Income, and Free Cash Flow
Latest: CHF 737.1M | Max: CHF 1.8B | Min: CHF -1.2B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 15x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins tell a story of stability under monetary constraints. Operating profit margins hold firm near 26%, while net profit margins exceed 20%, shielded by microscopic credit losses. However, the bank's net interest margin remains tightly bound near 1.09% because zero central bank policy rates prevent management from lowering customer savings deposit rates any further. This spread ceiling locks overall return on equity within a narrow 5.5% to 5.7% channel. While cost cuts and expanding wealth management fees prevent margins from sliding, the lack of lending pricing power against state-backed regional rivals caps overall profitability, cementing the company's profile as a dependable, utility-like income generator.
Profitability margins tell a story of stability under monetary constraints. Operating profit margins hold firm near 26%, while net profit margins exceed 20%, shielded by microscopic credit losses. However, the bank's net interest margin remains tightly bound near 1.09% because zero central bank policy rates prevent management from lowering customer savings deposit rates any further. This spread ceiling locks overall return on equity within a narrow 5.5% to 5.7% channel. While cost cuts and expanding wealth management fees prevent margins from sliding, the lack of lending pricing power against state-backed regional rivals caps overall profitability, cementing the company's profile as a dependable, utility-like income generator.
Profitability Margins
Latest: 77.1% | Max: 100.0% | Min: 18.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
77.1%
Gross profit / revenue
Operating Margin
26.0%
Operating income / revenue
Net Margin
21.0%
Net income / revenue
FCF Margin
7.1%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 456,992,156.86 | 115,209,803.92 | 419,181,372.55 |
| 2017-12-31 | 472,169,404.52 | 122,382,956.88 | 384,835,728.95 |
| 2018-12-31 | 461,718,940.94 | 122,533,604.89 | -603,254,582.48 |
| 2019-12-31 | 462,309,917.36 | 125,060,950.41 | 1,876,752,066.12 |
| 2020-12-31 | 495,610,169.49 | 137,705,084.75 | 1,582,632,768.36 |
| 2021-12-31 | 479,072,368.42 | 135,005,482.46 | 1,170,744,517.54 |
| 2022-12-31 | 517,010,810.81 | 140,015,135.14 | -1,293,551,351.35 |
| 2023-12-31 | 912,243,467.93 | 171,324,228.03 | 134,771,971.5 |
| 2024-12-31 | 918,773,980.15 | 165,802,646.09 | 192,317,530.32 |
| 2025-12-31 | 929,474,148.8 | 195,093,316.52 | 66,064,312.74 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 15.41 | Trailing four quarters |
| 2024-12-31 | 11.09 | Trailing four quarters |
| 2023-12-31 | 10.44 | Trailing four quarters |
| 2022-12-31 | 12.19 | Annual net income |
| 2021-12-31 | 11.71 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 78.11 | 30.91 | 25.21 | 91.73 |
| 2017-12-31 | 81.2 | 32.92 | 25.92 | 81.5 |
| 2018-12-31 | 84.79 | 32.08 | 26.54 | -130.65 |
| 2019-12-31 | 87.81 | 33.06 | 27.05 | 405.95 |
| 2020-12-31 | 93.86 | 34.23 | 27.78 | 319.33 |
| 2021-12-31 | 99.13 | 33.59 | 28.18 | 244.38 |
| 2022-12-31 | 100 | 41.15 | 27.08 | -250.2 |
| 2023-12-31 | 72.33 | 24.03 | 18.78 | 14.77 |
| 2024-12-31 | 66.58 | 22.56 | 18.05 | 20.93 |
| 2025-12-31 | 77.05 | 25.98 | 20.99 | 7.11 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-08-13.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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