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Schweizerische Nationalbank

DB:1Y4
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1Y4
DB
CHF565M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Schweizerische Nationalbank, an independent central bank, provides banking services to the Swiss Confederation. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
1Y4 Share Price and Events
7 Day Returns
0%
DB:1Y4
-3.1%
DE Diversified Financial
-0.6%
DE Market
1 Year Returns
-3.2%
DB:1Y4
-19.5%
DE Diversified Financial
-5.5%
DE Market
1Y4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Schweizerische Nationalbank (1Y4) 0% 0% -1.4% -3.2% - -
DE Diversified Financial -3.1% -2.7% -12.8% -19.5% 51.3% 269.5%
DE Market -0.6% 4.9% 0.9% -5.5% 7.9% 14.2%
1 Year Return vs Industry and Market
  • 1Y4 outperformed the Diversified Financial industry which returned -19.5% over the past year.
  • 1Y4 outperformed the Market in Germany which returned -5.5% over the past year.
Price Volatility
1Y4
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Schweizerische Nationalbank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Schweizerische Nationalbank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Schweizerische Nationalbank.

DB:1Y4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CHF1,202,323.00 * 22.2%
CHF266,795.47
Book Value of Equity per Share Median Book Value from the past 5 years. CHF1,202,323.00
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1Y4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 18%) (2558.71%))
0.858
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.858 * 5.96%)
5.34%

Discounted Cash Flow Calculation for DB:1Y4 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Schweizerische Nationalbank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:1Y4 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (22.2% – 5.34%) * CHF1,202,323.00)
CHF202,568.50
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF202,568.50 / (5.34% - 0.23%)
CHF3,961,130.39
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF1,202,323.00 + CHF3,961,130.39
CHF5163453.39
DB:1Y4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1Y4 represents 0.84602x of SWX:SNBN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.84602x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 5,163,453.39 x 0.84602
€4,368,366.92
Value per share (EUR) From above. €4,368,366.92
Current discount Discount to share price of €4,780.00
= -1 x (€4,780.00 - €4,368,366.92) / €4,368,366.92
99.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Schweizerische Nationalbank is available for.
Intrinsic value
>50%
Share price is €4780 vs Future cash flow value of €4368366.92
Current Discount Checks
For Schweizerische Nationalbank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Schweizerische Nationalbank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Schweizerische Nationalbank's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Schweizerische Nationalbank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Schweizerische Nationalbank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1Y4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF-149,340.00
SWX:SNBN Share Price ** SWX (2019-06-28) in CHF CHF5650
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 26.67x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Schweizerische Nationalbank.

DB:1Y4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:SNBN Share Price ÷ EPS (both in CHF)

= 5650 ÷ -149,340.00

-0.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schweizerische Nationalbank is loss making, we can't compare its value to the DE Diversified Financial industry average.
  • Schweizerische Nationalbank is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Schweizerische Nationalbank's expected growth come at a high price?
Raw Data
DB:1Y4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
10.9%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.82x
Germany Market PEG Ratio Median Figure of 266 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Schweizerische Nationalbank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Schweizerische Nationalbank's assets?
Raw Data
DB:1Y4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF1,202,323.00
SWX:SNBN Share Price * SWX (2019-06-28) in CHF CHF5650
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.2x
Germany Market PB Ratio Median Figure of 596 Publicly-Listed Companies 1.72x
DB:1Y4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:SNBN Share Price ÷ Book Value per Share (both in CHF)

= 5650 ÷ 1,202,323.00

0x

* Primary Listing of Schweizerische Nationalbank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schweizerische Nationalbank is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Schweizerische Nationalbank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Schweizerische Nationalbank has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Schweizerische Nationalbank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Schweizerische Nationalbank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Schweizerische Nationalbank expected to grow at an attractive rate?
  • Schweizerische Nationalbank's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Schweizerische Nationalbank's earnings growth is positive but not above the Germany market average.
  • Unable to compare Schweizerische Nationalbank's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:1Y4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1Y4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 10.9%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1Y4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1Y4 Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:1Y4 Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 18,819 18,415
2019-03-31 22,998 22,618
2018-12-31 -14,553 -14,934
2018-09-30 13,227 12,801
2018-06-30 58,674 58,272
2018-03-31 40,042 39,628
2017-12-31 54,786 54,372
2017-09-30 29,902 29,512
2017-06-30 4,819 4,391
2017-03-31 27,087 26,680
2016-12-31 24,881 24,476
2016-09-30 39,770 39,342

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Schweizerische Nationalbank's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Schweizerische Nationalbank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1Y4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Schweizerische Nationalbank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1Y4 Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:1Y4 Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30
2019-03-31
2018-12-31 -149,340.00
2018-09-30
2018-06-30
2018-03-31
2017-12-31 543,716.00
2017-09-30
2017-06-30
2017-03-31
2016-12-31 244,764.00
2016-09-30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Schweizerische Nationalbank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Schweizerische Nationalbank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Schweizerische Nationalbank has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Schweizerische Nationalbank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Schweizerische Nationalbank's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Schweizerische Nationalbank's year on year earnings growth rate has been positive over the past 5 years.
  • Schweizerische Nationalbank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Schweizerische Nationalbank's 1-year earnings growth is negative, it can't be compared to the Europe Diversified Financial industry average.
Earnings and Revenue History
Schweizerische Nationalbank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Schweizerische Nationalbank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1Y4 Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 18,819.30 18,414.80 228.90
2019-03-31 22,998.20 22,617.50 226.40
2018-12-31 -14,552.80 -14,934.00 224.50
2018-09-30 13,226.80 12,800.90 221.20
2018-06-30 58,673.80 58,272.40 219.80
2018-03-31 40,042.00 39,627.80 217.90
2017-12-31 54,785.80 54,371.60 217.90
2017-09-30 29,901.50 29,511.70 239.60
2017-06-30 4,818.80 4,391.10 239.80
2017-03-31 27,086.70 26,679.70 239.40
2016-12-31 24,880.70 24,476.40 238.70
2016-09-30 39,770.00 39,342.30 224.90
2016-06-30 48,505.00 48,100.80 168.00
2016-03-31 12,879.90 12,474.70 226.50
2015-12-31 -22,849.40 -23,250.60 227.10
2015-09-30 -23,700.40 -24,100.10 219.50
2015-06-30 -27,493.10 -27,878.70 224.70
2015-03-31 4,289.50 3,912.00 214.40
2014-12-31 38,687.00 38,312.90 213.90
2014-09-30 26,517.60 26,194.50 209.20
2014-06-30 14,977.30 14,659.20 256.90
2014-03-31 -15,404.50 -15,748.30 184.60
2013-12-31 -8,742.60 -9,076.60 200.80
2013-09-30 -16,776.50 -17,111.40 177.90
2013-06-30 -7,064.90 -7,397.90 175.10
2013-03-31 19,790.20 19,490.90 191.60
2012-12-31 7,197.00 6,894.80 167.40
2012-09-30 24,789.80 24,490.60 169.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Schweizerische Nationalbank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Schweizerische Nationalbank used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Schweizerische Nationalbank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Schweizerische Nationalbank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Schweizerische Nationalbank has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Schweizerische Nationalbank's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Schweizerische Nationalbank's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Schweizerische Nationalbank's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Schweizerische Nationalbank's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Schweizerische Nationalbank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Schweizerische Nationalbank Company Filings, last reported 2 months ago.

DB:1Y4 Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 156,695.30 14,456.70 18,515.60
2019-03-31 150,936.40 9,735.60 13,901.80
2018-12-31 120,232.30 35,178.90 39,797.20
2018-09-30 127,340.60 23,537.50 27,931.60
2018-06-30 140,282.00 35,084.10 39,683.00
2018-03-31 130,320.40 30,769.50 35,352.20
2017-12-31 137,167.80 46,129.00 50,783.10
2017-09-30 116,541.20 36,048.80 40,380.60
2017-06-30 84,011.10 30,361.90 34,553.00
2017-03-31 92,423.80 26,605.30 30,959.50
2016-12-31 84,527.40 49,276.80 55,563.60
2016-09-30 88,760.70 36,116.30 40,210.80
2016-06-30 81,351.20 20,826.10 639,733.30
2016-03-31 66,745.60 18,965.30 23,648.30
2015-12-31 61,052.50 32,611.20 38,696.60
2015-09-30 50,419.90 24,689.70 29,627.10
2015-06-30 34,251.90 13,446.30 533,948.20
2015-03-31 56,272.40 9,652.80 4,034.50
2014-12-31 86,304.70 14,883.10 24,452.50
2014-09-30 76,521.60 9,349.60 4,353.60
2014-06-30 64,132.20 8,251.80 4,275.80
2014-03-31 52,360.50 7,535.10 4,275.90
2013-12-31 47,991.80 8,131.40 12,443.60
2013-09-30 53,554.80 10,096.20 14,613.70
2013-06-30 52,952.00 3,419.00 4,378.00
2013-03-31 24,278.40 7,256.30 4,343.10
2012-12-31 61,056.80 5,012.40 9,411.90
2012-09-30 70,920.30 442.50 4,585.00
  • Schweizerische Nationalbank's level of debt (9.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (12.9% vs 9.2% today).
  • Unable to verify if debt is well covered by operating cash flow as Schweizerische Nationalbank has not reported sufficient balance sheet data.
  • Unable to confirm if the interest payments on Schweizerische Nationalbank's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Schweizerische Nationalbank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Schweizerische Nationalbank has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Schweizerische Nationalbank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.27%
Current annual income from Schweizerische Nationalbank dividends.
If you bought €2,000 of Schweizerische Nationalbank shares you are expected to receive €5 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Schweizerische Nationalbank's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.4%).
  • Schweizerische Nationalbank's dividend is below the markets top 25% of dividend payers in Germany (3.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1Y4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1Y4 Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
DB:1Y4 Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-21 15.000 0.277
2019-03-04 15.000 0.279
2018-03-22 15.000 0.266
2018-03-05 15.000 0.267
2017-03-23 15.000 0.546
2017-03-06 15.000 0.907
2016-03-24 15.000 1.080
2016-03-04 15.000 1.409
2015-03-27 15.000 1.337
2015-03-06 0.000 0.000
2014-10-31 0.000 0.000
2014-07-31 0.000 0.000
2014-04-30 0.000 0.000
2014-03-25 0.000 0.000
2013-04-04 15.000 1.410
2012-07-31 15.000 1.411
2012-03-02 15.000 1.397
2011-02-25 15.000 1.433
2010-01-04 15.000 1.498

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schweizerische Nationalbank is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Schweizerische Nationalbank is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Schweizerische Nationalbank's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Schweizerische Nationalbank's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Schweizerische Nationalbank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Schweizerische Nationalbank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Schweizerische Nationalbank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Schweizerische Nationalbank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thomas Jordan
COMPENSATION CHF1,220,300
AGE 56
TENURE AS CEO 7.7 years
CEO Bio

Mr. Thomas J. Jordan has been the Chairman of the Governing Board at Swiss National Bank since April 2012 and serves as its Head of Department I. Mr. Jordan served as the President of Swiss National Bank since April 2012. Mr. Jordan served as the Head of Department III of Swiss National Bank since May 1, 2007 and served as its Vice President since January 01, 2010. Mr. Jordan served as Chief Investment Officer of Swiss National Bank. Mr. Jordan served as Deputy Head of Department III, Director of Financial Market Operations and Director of Research of Swiss National Bank. He joined the Swiss National Bank in Zurich and served as an Economic Advisor in 1997. He serves as a Member of Advisory Board at Swiss Banking Institute. He served as Assistant Director of the Economic Studies unit and since 2002 he has headed the Research unit. Mr. Jordan has been Member of Governing Board at Swiss National Bank since May 1, 2007. He has been a Director at Bank For International Settlements since May 07, 2012. He serves as a Governor at International Monetary Fund. Mr. Jordan served as Director of Swiss National Bank since May 2007. He has been a lecturer in monetary theory and monetary policy at the University of Berne since 1998. He has also held lecturing appointments in monetary policy at the University of Zurich since 2002. He served as a Research and Teaching Assistant at the Institute of Economics of the University of Berne until 1994. Moreover, Mr. Jordan served as an Editorial Assistant for the Swiss Journal of Economics and Statistics from 1991 to 1994. There followed a three-year post-doctoral research position at the Department of Economics at Harvard University in Cambridge, Massachusetts, USA where Mr. Jordan wrote his post-doctoral thesis (Habilitation). In 1998, he was appointed lecturer (Privatdozent) at the University of Berne and in 2003, honorary professor. Mr. Jordan has published numerous articles on monetary policy and macroeconomic subjects in renowned scientific journals. In addition, he has acted as reviewer for various leading journals. Mr. Jordan belongs to the Committee on Monetary Policy and Monetary Economics of the Verein für Socialpolitik and is a member of the Swiss Society of Economics and Statistics and of the American Economic Association. He is Graduate from University of Berne in 1989 and Studied in economic science at the University of Berne in 1985. He received his Doctorate in Economics (Dr. rer. pol.) from the University of Berne in 1993.

CEO Compensation
  • Thomas's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Thomas's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Schweizerische Nationalbank management team in years:

4.2
Average Tenure
54
Average Age
  • The tenure for the Schweizerische Nationalbank management team is about average.
Management Team

Thomas Jordan

TITLE
Chairman of the Governing Board & Head of Department I
COMPENSATION
CHF1M
AGE
56
TENURE
7.7 yrs

Fritz Zurbrügg

TITLE
Vice-Chairman of Governing Board & Head of Department II
COMPENSATION
CHF1M
AGE
59
TENURE
4.2 yrs

Andréa Maechler

TITLE
Head of Department III & Member of Governing Board
COMPENSATION
CHF1M
AGE
50
TENURE
4.2 yrs

Martin Schlegel

TITLE
Deputy Head of Department I & Alternate Member of the Governing Board
TENURE
1 yrs

Thomas Moser

TITLE
Deputy Head of Department III & Alternate Member of Governing Board
AGE
52
TENURE
9.7 yrs

Dewet Moser

TITLE
Deputy Head of Department II & Alternate Member of Governing Board
AGE
59
TENURE
12.8 yrs

Hugo Bischof

TITLE
Deputy Director of Premises & Technical Services

Martin Plenio

TITLE
Director of Legal Services

Sabine Wey

TITLE
Assistant Director of Compliance

Susanne Mühlemann

TITLE
Deputy Director of Communications
AGE
51
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Schweizerische Nationalbank board of directors in years:

7.3
Average Tenure
59
Average Age
  • The tenure for the Schweizerische Nationalbank board of directors is about average.
Board of Directors

Olivier Steimer

TITLE
Vice President of the Bank Council
AGE
64
TENURE
7.3 yrs

Shelby du Pasquier

TITLE
Member of Bank Council
AGE
59
TENURE
7.3 yrs

Christoph Lengwiler

TITLE
Member of Bank Council
AGE
60
TENURE
7.3 yrs

Ernst Stocker

TITLE
Member of the Bank Council
AGE
64
TENURE
9.3 yrs

Monika Bütler

TITLE
Member of Bank Council
AGE
58
TENURE
9.4 yrs

Cédric Tille

TITLE
Member of Bank Council
AGE
49
TENURE
8.4 yrs

Heinz Karrer

TITLE
Member of Bank Council
AGE
60
TENURE
5.4 yrs

Barbara Steiner

TITLE
President of the Bank Council
AGE
56
TENURE
4.3 yrs

Christian Vitta

TITLE
Member of the Bank Council
AGE
47
TENURE
3.3 yrs

Christoph Ammann

TITLE
Member of the Bank Council
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Schweizerische Nationalbank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Schweizerische Nationalbank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Schweizerische Nationalbank, an independent central bank, provides banking services to the Swiss Confederation. The company implements its monetary policy by steering the interest rate level on the money market; supplies the Swiss economy with banknotes commensurate with demand for payment purposes; distributes coins; facilitates and secures the operation of cashless payment systems; and manages the currency reserves. It also analyses the sources of risk to the financial system and identifies areas where action is needed, and oversees financial market infrastructures, as well as facilitates the creation and implementation of a regulatory framework for the financial sector; and participates in international monetary cooperation and provides technical assistance. In addition, the company processes payments on behalf of the Confederation; issues money market debt register claims and bonds; handles the custody of securities; and carries out foreign exchange transactions. Further, it compiles statistical data on banks and financial markets, the balance of payments, direct investment, the international investment position, and the Swiss financial accounts. Schweizerische Nationalbank was founded in 1907 and is headquartered in Zurich, Switzerland.

Details
Name: Schweizerische Nationalbank
1Y4
Exchange: DB
Founded: 1907
CHF520,997,667
100,000
Website: http://www.snb.ch
Address: Schweizerische Nationalbank
Börsenstrasse 15,
Zurich,
Zurich, 8022,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX SNBN Registered Shares SIX Swiss Exchange CH CHF 08. Jan 1992
OTCPK SWZN.F Registered Shares Pink Sheets LLC US USD 08. Jan 1992
DB 1Y4 Registered Shares Deutsche Boerse AG DE EUR 08. Jan 1992
LSE 0QKG Registered Shares London Stock Exchange GB CHF 08. Jan 1992
Number of employees
Current staff
Staff numbers
811
Schweizerische Nationalbank employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/25 22:08
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2018/03/05
Last earnings filing: 2019/07/31
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.