CMBN Stock Analysis: Cembra Money Bank | SW
Banks - Regional | SW, Switzerland | Market Cap: 2.611m CHF | 12M Return: 7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.25M
Warnings
Tailwinds
No distinct edge detected
Seasonality
Cembra Money Bank AG is a Swiss consumer finance provider headquartered in Zurich, offering a range of lending, leasing, payment, and insurance products. The company serves private individuals, self-employed persons, and small enterprises, operating through branches, online channels, credit card partners, independent intermediaries, and car dealers. As a regional bank under the GICS classification, it is focused on retail-oriented financial services rather than large-scale corporate or investment banking.
Its product portfolio includes savings and deposit products, cash and personal loans, auto loans and leasing for new and used vehicles (cars, light commercial vehicles, motorcycles, and caravans), credit cards, invoice financing, mobile payment, and online banking services. The consumer finance business model typically relies on higher-margin retail lending, supported by cross-selling of insurance and payment products to an established customer base.
The company also distributes financial protection products covering involuntary unemployment, accident, illness, disability, travel, cyber, card protection, and car insurance, alongside investment securities such as debt instruments. Originally founded in 1912 and formerly known as GE Money Bank Aktiengesellschaft, the company adopted its current name in October 2013.
- SNB rate cuts compress net interest margins
- Auto leasing portfolio growth drives revenue expansion
- Rising Swiss consumer loan defaults pressure credit provisions
| Net Income: 185.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.54 > 1.0 |
| NWC/Revenue: -489.0% < 20% (prev -476.5%; Δ -12.48% < -1%) |
| CFO/TA 0.03 > 3% & CFO 219.4m > Net Income 185.1m |
| Net Debt (2.05b) to EBITDA (241.8m): 8.46 < 3 |
| Current Ratio: 0.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.0m) vs 12m ago 2.17% < -2% |
| Gross Margin: 71.36% > 18% (prev 81.56%; Δ -10.20% > 0.5%) |
| Asset Turnover: 7.23% > 50% (prev 7.18%; Δ 0.05% > 0%) |
| Interest Coverage Ratio: 2.59 > 6 (EBIT TTM 223.4m / Interest Expense TTM 86.1m) |
| A: -0.35 (Total Current Assets 781.0m - Total Current Liabilities 3.59b) / Total Assets 7.94b |
| B: 0.14 (Retained Earnings 1.11b / Total Assets 7.94b) |
| C: 0.03 (EBIT TTM 223.4m / Avg Total Assets 7.95b) |
| D: 0.20 (Book Value of Equity 1.35b / Total Liabilities 6.60b) |
| Altman-Z'' = -1.46 = CCC |
| DSRI: 0.10 (Receivables 69.0k/12.1m, Revenue 574.4m/570.7m) |
| GMI: 1.14 (GM 81.56% / 71.36%) |
| AQI: 1.00 (AQ_t 0.89 / AQ_t-1 0.89) |
| SGI: 1.01 (Revenue 574.4m / 570.7m) |
| TATA: -0.00 (NI 185.1m - CFO 219.4m) / TA 7.94b) |
| Beneish M = -3.63 (Cap -4..+1) = AAA |
As of July 28, 2026, the stock is trading at CHF 90.85 with a total of 65,326 shares traded. Over the past week, the price has changed by +0.89%, over one month by -4.67%, over three months by -6.15% and over the past year by +6.99%.
Current recommended Stop Loss: 88.20 (which is 2.9% or 1.3 ATR below the current price).
Cembra Money Bank has no consensus analysts rating.
P/E Trailing = 14.2038
P/E Forward = 11.8343
P/S = 5.5719
P/B = 2.0633
Revenue TTM = 574.4m CHF
EBIT TTM = 223.4m CHF
EBITDA TTM = 241.8m CHF
Long Term Debt = 1.95b CHF (from longTermDebt, last quarter)
Short Term Debt = 854.7m CHF (from shortTermDebt, last quarter)
Debt = 2.83b CHF (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.05b CHF (calculated: Debt 2.83b - CCE 781.0m)
Enterprise Value = 4.66b CHF (2.61b + Debt 2.83b - CCE 781.0m)
Interest Coverage Ratio = 2.59 (Ebit TTM 223.4m / Interest Expense TTM 86.1m)
EV/FCF = 22.45x (Enterprise Value 4.66b / FCF TTM 207.4m)
FCF Yield = 4.45% (FCF TTM 207.4m / Enterprise Value 4.66b)
FCF Margin = 36.11% (FCF TTM 207.4m / Revenue TTM 574.4m)
Net Margin = 32.22% (Net Income TTM 185.1m / Revenue TTM 574.4m)
Gross Margin = 71.36% ((Revenue TTM 574.4m - Cost of Revenue TTM 164.5m) / Revenue TTM)
Gross Margin QoQ = 69.68% (prev 72.69%)
Tobins Q-Ratio = 0.59 (Enterprise Value 4.66b / Total Assets 7.94b)
Interest Expense / Debt = 3.05% (Interest Expense 86.1m / Debt 2.83b)
Taxrate = 19.62% (43.8m / 223.4m)
NOPAT = 179.6m (EBIT 223.4m * (1 - 19.62%))
Current Ratio = 0.22 (Total Current Assets 781.0m / Total Current Liabilities 3.59b)
Debt / Equity = 2.10 (Debt 2.83b / totalStockholderEquity, last quarter 1.35b)
Debt / EBITDA = 8.46 (Net Debt 2.05b / EBITDA 241.8m)
Debt / FCF = 9.86 (Net Debt 2.05b / FCF TTM 207.4m)
Total Stockholder Equity = 1.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.33% (Net Income 185.1m / Total Assets 7.94b)
RoE = 14.55% (Net Income TTM 185.1m / Total Stockholder Equity 1.27b)
RoCE = 6.93% (EBIT 223.4m / Capital Employed (Equity 1.27b + L.T.Debt 1.95b))
RoIC = 3.47% (NOPAT 179.6m / Invested Capital 5.18b)
WACC = 4.20% (E(2.61b)/V(5.44b) * Re(6.09%) + D(2.83b)/V(5.44b) * Rd(3.05%) * (1-Tc(0.20)))
Discount Rate = 6.09% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 33.93 | Cagr: -0.14%
[DCF] Terminal Value 73.10% ; FCFF base≈224.6m ; Y1≈196.9m ; Y5≈159.1m
[DCF] Fair Price = 17.37 (EV 2.55b - Net Debt 2.05b = Equity 508.5m / Shares 29.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -93.39 | EPS CAGR: -23.56% | SUE: -0.12 | # QB: 0
Revenue Correlation: -8.10 | Revenue CAGR: -0.26% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=6.86 | Chg30d=-0.44% | Revisions=+0% | GrowthEPS=+12.3% | GrowthRev=+1.8%
EPS next Year (2027-12-31): EPS=7.15 | Chg30d=-1.03% | Revisions=+0% | GrowthEPS=+4.2% | GrowthRev=+1.6%
[Analyst] Revisions Ratio: +0% (up=2, down=2)