BCVN Stock Analysis: Banque Cantonale Vaudoise | SW
Banks - Regional | SW, Switzerland | Market Cap: 10.942m CHF | 12M Return: 46.6% | CH0531751755 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.13M
Qual. Beats: 0
Rev. Trend: 90.6%
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Banque Cantonale Vaudoise (BCVN) is a Swiss cantonal bank headquartered in Lausanne, founded in 1845, that provides retail, private, corporate, and asset management banking services primarily within the Canton of Vaud while also operating across Switzerland, the EU, North America, and other international markets. Its activities span current and savings accounts, mortgage and business lending, foreign-exchange and trade finance, wealth and asset management, brokerage in equities, bonds, derivatives, and precious metals, as well as insurance and online banking services. The bank serves retail and business customers as well as public-sector institutions.
As a cantonal bank, BCVN belongs to a distinct Swiss banking segment whose member institutions are typically backed by a state guarantee from their respective canton, a structural feature that differentiates them from private commercial banks. The company operates through four reported divisions: Retail Banking, Private Banking, Corporate Banking, and Asset Management & Trading.
- Swiss rate cuts pressure net interest margins
- Vaud mortgage growth supports retail banking income
- Private banking assets lift fees and trading income
| Net Income: 440.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -8.97 > 1.0 |
| NWC/Revenue: -2.28k% < 20% (prev -2.76k%; Δ 478.6% < -1%) |
| CFO/TA 0.01 > 3% & CFO 551.0m > Net Income 440.1m |
| Net Debt (8.34b) to EBITDA (597.3m): 13.97 < 3 |
| Current Ratio: 0.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (85.9m) vs 12m ago -0.00% < -2% |
| Gross Margin: 84.10% > 18% (prev 51.41%; Δ 32.69% > 0.5%) |
| Asset Turnover: 2.35% > 50% (prev 1.83%; Δ 0.52% > 0%) |
| Interest Coverage Ratio: 2.31 > 6 (EBIT TTM 515.6m / Interest Expense TTM 223.4m) |
| A: -0.53 (Total Current Assets 8.50b - Total Current Liabilities 41.9b) / Total Assets 63.3b |
| B: 0.05 (Retained Earnings 3.05b / Total Assets 63.3b) |
| C: 0.01 (EBIT TTM 515.6m / Avg Total Assets 62.3b) |
| D: 0.06 (Book Value of Equity 3.82b / Total Liabilities 59.5b) |
| Altman-Z'' = -3.18 = D |
As of September 27, 2026, the stock is trading at CHF 131.20 with a total of 34,175 shares traded. Over the past week, the price has changed by +2.98%, over one month by +4.04%, over three months by +11.85% and over the past year by +46.55%.
Current recommended Stop Loss: 127.50 (which is 2.8% or 1.4 ATR below the current price).
Banque Cantonale Vaudoise has no consensus analysts rating.
P/E Trailing = 24.8828
P/E Forward = 19.2308
P/S = 9.4084
P/B = 2.8225
P/EG = 6.0609
Revenue TTM = 1.46b CHF
EBIT TTM = 515.6m CHF
EBITDA TTM = 597.3m CHF
Long Term Debt = 11.1b CHF (from longTermDebt, last fiscal year)
Short Term Debt = 1.42b CHF (from shortTermDebt, last quarter)
Debt = 16.8b CHF (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.34b CHF (calculated: Debt 16.8b - CCE 8.50b)
Enterprise Value = 19.3b CHF (10.9b + Debt 16.8b - CCE 8.50b)
Interest Coverage Ratio = 2.31 (Ebit TTM 515.6m / Interest Expense TTM 223.4m)
EV/FCF = 40.01x (Enterprise Value 19.3b / FCF TTM 482.0m)
FCF Yield = 2.50% (FCF TTM 482.0m / Enterprise Value 19.3b)
FCF Margin = 32.91% (FCF TTM 482.0m / Revenue TTM 1.46b)
Net Margin = 30.05% (Net Income TTM 440.1m / Revenue TTM 1.46b)
Gross Margin = 84.10% ((Revenue TTM 1.46b - Cost of Revenue TTM 232.9m) / Revenue TTM)
Gross Margin QoQ = 84.16% (prev 84.04%)
Tobins Q-Ratio = 0.30 (Enterprise Value 19.3b / Total Assets 63.3b)
Interest Expense / Debt = 1.33% (Interest Expense 223.4m / Debt 16.8b)
Taxrate = 14.64% (75.5m / 515.6m)
NOPAT = 440.1m (EBIT 515.6m * (1 - 14.64%))
Current Ratio = 0.20 (Total Current Assets 8.50b / Total Current Liabilities 41.9b)
Debt / Equity = 4.41 (Debt 16.8b / totalStockholderEquity, last quarter 3.82b)
Debt / EBITDA = 13.97 (Net Debt 8.34b / EBITDA 597.3m)
Debt / FCF = 17.31 (Net Debt 8.34b / FCF TTM 482.0m)
Total Stockholder Equity = 3.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.71% (Net Income 440.1m / Total Assets 63.3b)
RoE = 11.37% (Net Income TTM 440.1m / Total Stockholder Equity 3.87b)
RoCE = 3.43% (EBIT 515.6m / Capital Employed (Equity 3.87b + L.T.Debt 11.1b))
RoIC = 0.70% (NOPAT 440.1m / Invested Capital 63.3b)
WACC = 3.07% (E(10.9b)/V(27.8b) * Re(6.05%) + D(16.8b)/V(27.8b) * Rd(1.33%) * (1-Tc(0.15)))
Discount Rate = 6.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 46.07 | Cagr: 0.00%
[DCF] Terminal Value 73.10% ; FCFF base≈2.67b ; Y1≈2.34b ; Y5≈1.89b
[DCF] Fair Price = 256.8 (EV 30.4b - Net Debt 8.34b = Equity 22.1b / Shares 85.9m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 90.61 | Revenue CAGR: 23.58% | SUE: N/A | # QB: 0
EPS current Year (2025-12-31): EPS=4.89 | Chg30d=+0.13% | Revisions=+25% | GrowthEPS=-4.2% | GrowthRev=-1.1%
EPS next Year (2026-12-31): EPS=5.26 | Chg30d=+2.83% | Revisions=+25% | GrowthEPS=+5.3% | GrowthRev=+2.9%