Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Julius Bär Gruppe

DB:JGE
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JGE
DB
CHF9B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Julius Bär Gruppe AG provides private banking products and services to private clients, family offices, and external asset managers primarily in Switzerland, rest of Europe, Asia, and South America. The last earnings update was 65 days ago. More info.


Add to Portfolio Compare Print
JGE Share Price and Events
7 Day Returns
0%
DB:JGE
-1%
DE Capital Markets
-0.6%
DE Market
1 Year Returns
-13.9%
DB:JGE
-5%
DE Capital Markets
-5.5%
DE Market
JGE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Julius Bär Gruppe (JGE) 0% 0% 0.9% -13.9% 5% 8.1%
DE Capital Markets -1% 6.7% 7.4% -5% 15.5% -38%
DE Market -0.6% 4.9% 0.9% -5.5% 7.9% 14.2%
1 Year Return vs Industry and Market
  • JGE underperformed the Capital Markets industry which returned -5% over the past year.
  • JGE underperformed the Market in Germany which returned -5.5% over the past year.
Price Volatility
JGE
Industry
5yr Volatility vs Market

JGE Value

 Is Julius Bär Gruppe 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 Julius Bär Gruppe 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 Julius Bär Gruppe.

DB:JGE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 12 analysts.
= Stable Book Value * Return on Equity
= CHF31.42 * 13.2%
CHF4.14
Book Value of Equity per Share Weighted future Book Value estimates from 12 analysts. CHF31.42
Discount Rate (Cost of Equity) See below 6.6%
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:JGE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.693 (1 + (1- 18%) (258.89%))
1.077
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.077 * 5.96%)
6.65%

Discounted Cash Flow Calculation for DB:JGE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Julius Bär Gruppe 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:JGE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.2% – 6.65%) * CHF31.42)
CHF2.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF2.05 / (6.65% - 0.23%)
CHF31.87
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF31.42 + CHF31.87
CHF63.29
DB:JGE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:JGE represents 0.88489x of SWX:BAER
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88489x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 63.29 x 0.88489
€56.00
Value per share (EUR) From above. €56.00
Current discount Discount to share price of €38.36
= -1 x (€38.36 - €56.00) / €56.00
31.5%

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

Current Discount
Amount off the current price Julius Bär Gruppe is available for.
Intrinsic value
32%
Share price is €38.36 vs Future cash flow value of €56
Current Discount Checks
For Julius Bär Gruppe to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Julius Bär Gruppe's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Julius Bär Gruppe's share price is below the future cash flow value, but not 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 Julius Bär Gruppe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Julius Bär Gruppe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:JGE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF2.91
SWX:BAER Share Price ** SWX (2019-06-28) in CHF CHF43.35
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 25.86x
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 Julius Bär Gruppe.

DB:JGE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 43.35 ÷ 2.91

14.87x

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

  • Julius Bär Gruppe is good value based on earnings compared to the DE Capital Markets industry average.
  • Julius Bär Gruppe is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Julius Bär Gruppe's expected growth come at a high price?
Raw Data
DB:JGE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
13.5%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 2.64x
Germany Market PEG Ratio Median Figure of 266 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

DB:JGE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.87x ÷ 13.5%

1.1x

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

  • Julius Bär Gruppe is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Julius Bär Gruppe's assets?
Raw Data
DB:JGE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF27.99
SWX:BAER Share Price * SWX (2019-06-28) in CHF CHF43.35
Germany Capital Markets Industry PB Ratio Median Figure of 35 Publicly-Listed Capital Markets Companies 1.98x
Germany Market PB Ratio Median Figure of 596 Publicly-Listed Companies 1.72x
DB:JGE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 43.35 ÷ 27.99

1.55x

* Primary Listing of Julius Bär Gruppe.

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

  • Julius Bär Gruppe is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Julius Bär Gruppe'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Julius Bär Gruppe has a total score of 4/6, 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.

JGE Future Performance

 How is Julius Bär Gruppe expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

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
13.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Julius Bär Gruppe expected to grow at an attractive rate?
  • Julius Bär Gruppe's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Julius Bär Gruppe's earnings growth is expected to exceed the Germany market average.
  • Julius Bär Gruppe's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:JGE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:JGE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 13.5%
DB:JGE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 5.5%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 43.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
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:JGE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:JGE Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3,757 888 13
2020-12-31 3,564 818 15
2019-12-31 3,371 685 14
2019-09-25
DB:JGE Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 3,278 -974 635
2019-03-31 3,323 4,101 685
2018-12-31 3,368 9,176 735
2018-09-30 3,409 6,321 765
2018-06-30 3,449 3,466 795
2018-03-31 3,351 -4,014 750
2017-12-31 3,252 -11,495 705
2017-09-30 3,136 -5,845 658
2017-06-30 3,020 -196 611
2017-03-31 2,936 5,057 615
2016-12-31 2,852 10,309 619
2016-09-30 2,782 6,301 532

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Julius Bär Gruppe's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • Julius Bär Gruppe's revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).
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:JGE 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 16 Analyst Estimates (S&P Global) See Below

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

DB:JGE Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4.05 4.63 3.45 8.00
2020-12-31 3.74 4.30 3.26 9.00
2019-12-31 3.12 3.33 3.01 8.00
2019-09-25
DB:JGE Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 2.91
2019-03-31 3.14
2018-12-31 3.37
2018-09-30 3.52
2018-06-30 3.66
2018-03-31 3.45
2017-12-31 3.25
2017-09-30 3.03
2017-06-30 2.82
2017-03-31 2.83
2016-12-31 2.85
2016-09-30 2.44

*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.
  • Julius Bär Gruppe is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Julius Bär Gruppe'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 Germany 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.
Julius Bär Gruppe has a total score of 3/6, 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.

JGE Past Performance

  How has Julius Bär Gruppe 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 Julius Bär Gruppe's growth in the last year to its industry (Capital Markets).
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.
  • Julius Bär Gruppe has delivered over 20% year on year earnings growth in the past 5 years.
  • Julius Bär Gruppe's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Julius Bär Gruppe's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Julius Bär Gruppe'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 Julius Bär Gruppe Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JGE 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 3,277.80 634.70 2,347.91
2019-03-31 3,322.80 685.05 2,348.16
2018-12-31 3,367.80 735.40 2,348.40
2018-09-30 3,408.60 765.40 2,339.30
2018-06-30 3,449.40 795.40 2,334.20
2018-03-31 3,350.85 750.10 2,290.95
2017-12-31 3,252.30 704.80 2,247.70
2017-09-30 3,135.95 657.80 2,201.15
2017-06-30 3,019.60 610.80 2,154.60
2017-03-31 2,935.95 615.10 2,075.65
2016-12-31 2,852.30 619.40 1,996.70
2016-09-30 2,781.70 531.70 2,022.10
2016-06-30 2,711.10 444.00 2,047.50
2016-03-31 2,702.80 282.60 2,223.10
2015-12-31 2,694.50 121.20 2,398.70
2015-09-30 2,706.65 174.05 2,334.50
2015-06-30 2,718.80 226.90 2,270.30
2015-03-31 2,632.70 296.55 2,084.65
2014-12-31 2,546.60 366.20 1,899.00
2014-09-30 2,450.22 309.01 1,869.09
2014-06-30 2,353.83 251.83 1,839.17
2014-03-31 2,274.28 219.68 1,807.82
2013-12-31 2,194.73 187.53 1,776.47
2013-09-30 2,072.88 203.64 1,645.95
2013-06-30 1,951.02 219.76 1,515.42
2013-03-31 1,844.22 243.86 1,386.62
2012-12-31 1,737.42 267.96 1,257.82
2012-09-30 1,727.65 278.44 1,378.92

*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.
  • Julius Bär Gruppe has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Julius Bär Gruppe used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Julius Bär Gruppe 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 Julius Bär Gruppe'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 Capital Markets 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.
Julius Bär Gruppe 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.

JGE Health

 How is Julius Bär Gruppe'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 Julius Bär Gruppe's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Julius Bär Gruppe's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Julius Bär Gruppe's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Julius Bär Gruppe'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 1.5x 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 Julius Bär Gruppe Company Filings, last reported 2 months ago.

DB:JGE Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 6,086.80 24,462.90 34,575.20
2019-03-31 6,086.80 24,462.90 34,575.20
2018-12-31 6,041.80 23,818.40 35,187.60
2018-09-30 6,041.80 23,818.40 35,187.60
2018-06-30 5,788.70 25,470.40 36,350.10
2018-03-31 5,788.70 25,470.40 36,350.10
2017-12-31 5,854.00 22,882.40 33,710.60
2017-09-30 5,854.00 22,882.40 33,710.60
2017-06-30 5,427.50 20,768.20 33,947.10
2017-03-31 5,427.50 20,768.20 33,947.10
2016-12-31 5,353.80 22,020.00 38,622.50
2016-09-30 5,353.80 22,020.00 38,622.50
2016-06-30 5,171.60 16,659.60 21,394.10
2016-03-31 5,171.60 16,659.60 21,394.10
2015-12-31 4,942.00 12,479.20 29,301.90
2015-09-30 4,942.00 12,479.20 29,301.90
2015-06-30 4,879.60 13,530.20 20,870.60
2015-03-31 4,879.60 13,530.20 20,870.60
2014-12-31 5,337.80 13,664.20 32,719.40
2014-09-30 5,337.80 13,664.20 32,719.40
2014-06-30 5,217.20 12,600.50 17,077.60
2014-03-31 5,217.20 12,600.50 17,077.60
2013-12-31 5,038.55 14,710.82 30,443.07
2013-09-30 5,038.55 14,710.82 30,443.07
2013-06-30 4,745.70 14,931.60 17,103.80
2013-03-31 4,745.70 14,931.60 17,103.80
2012-12-31 4,697.63 9,316.69 21,296.86
2012-09-30 4,874.05 9,316.69 21,296.86
  • Julius Bär Gruppe's level of debt (401.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (241.7% vs 401.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Julius Bär Gruppe's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Julius Bär Gruppe'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. Julius Bär Gruppe has a total score of 1/6, 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.

JGE Dividends

 What is Julius Bär Gruppe'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
3.46%
Current annual income from Julius Bär Gruppe dividends. Estimated to be 3.9% next year.
If you bought €2,000 of Julius Bär Gruppe shares you are expected to receive €69 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?
  • Julius Bär Gruppe's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.4%).
  • Julius Bär Gruppe'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:JGE 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 16 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.3%
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:JGE Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.00 1.00
2022-12-31 1.90 1.00
2021-12-31 1.80 15.00
2020-12-31 1.68 16.00
2019-12-31 1.57 16.00
2019-09-25
DB:JGE Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-04 1.500 3.558
2018-04-11 1.400 2.871
2017-03-20 1.200 2.158
2017-02-01 1.200 2.474
2016-02-01 1.100 2.639
2015-02-02 1.000 2.089
2014-02-03 0.600 1.481
2013-02-04 0.600 1.499
2012-02-06 0.600 1.777
2011-02-07 0.600 1.713
2010-02-05 0.400 1.077

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Julius Bär Gruppe's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Julius Bär Gruppe'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 Julius Bär Gruppe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Julius Bär Gruppe has a total score of 5/6, see the detailed checks below.


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

JGE Management

 What is the CEO of Julius Bär Gruppe'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
Philipp Rickenbacher
AGE 48
TENURE AS CEO 0 years
CEO Bio

Mr. Philipp Rickenbacher serves as Chief Executive Officer and Member of the Executive Board at Julius Bär Gruppe AG since September 1, 2019 and was its Head Intermediaries & Global Custody until August 31, 2019. He has been Chief Executive Officer at Bank Julius Bär & Co. AG since 2019 and was its Head of Intermediaries and Global Custody since January 1, 2019 until 2019 and served as its Head Advisory Solutions since August 2016 until January 1, 2019 and has been its Member of the Executive Board since August 2016. Mr. Rickenbacher was Head Structured Products for Bank Julius Baer & Co. L from 2009 to July 19, 2016. He served as Head of Advisory Solutions at Julius Bär Gruppe since 2018. He was Head GAM Structured Investments at GAM (Switzerland) Ltd from 2008 to 2009. He was Co-founder and business management, Alternative Risk Trading at Bank Julius Baer & Co. Ltd. from 2006 to 2007 He was Head Business Development, Trading at Bank Julius Baer & Co. Ltd. from 2004 to 2006. He was Associate Principal at McKinsey & Company, Zurich and London from 1997 to 2004. He was employed at Trading support of Union Bank of Switzerland, Zurich from 1996 to 1997. He was Vice Chairman of Swiss Structured Products Association SSPA, since 2014. He holds Advanced Executive Program from Harvard Business School in 2013. He holds Executive Program from Swiss Finance Institute in 2006. He holds Master of Science (MSc.) in Biotechnology from Swiss Federal Institute of Technology (ETH), Zurich from 1992 to 1997.

CEO Compensation
  • Insufficient data for Philipp to compare compensation growth.
  • Insufficient data for Philipp to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Julius Bär Gruppe management team in years:

2.7
Average Tenure
50
Average Age
  • The tenure for the Julius Bär Gruppe management team is about average.
Management Team

Philipp Rickenbacher

TITLE
CEO & Member of Executive Board
AGE
48

Dieter Enkelmann

TITLE
CFO & Member of Executive Board
AGE
60
TENURE
9.9 yrs

Christoph Hiestand

TITLE
Group General Counsel & Member of Executive Board
AGE
50
TENURE
9.9 yrs

Nic Dreckmann

TITLE
COO & Member of Executive Board
AGE
45
TENURE
2.7 yrs

Larissa Rubner

TITLE
Chief Communications Officer & Member of Executive Board
AGE
49
TENURE
2.2 yrs

Oliver Bartholet

TITLE
Chief Risk Officer & Member of Executive Board
AGE
53
TENURE
1.5 yrs

Jimmy Lee

TITLE
Member of the Executive Board & Head of Asia Pacific
AGE
57

Luigi Vignola

TITLE
Head of Markets & Member of Executive Board
AGE
49
TENURE
0.7 yrs

Bhaskar Laxminarayan

TITLE
Chief Investment Officer for Asia & Head of Asia IM Division
TENURE
3 yrs

Urs Monstein

TITLE
Chief Information Officer
AGE
57
Board of Directors Tenure

Average tenure and age of the Julius Bär Gruppe board of directors in years:

3.5
Average Tenure
61
Average Age
  • The tenure for the Julius Bär Gruppe board of directors is about average.
Board of Directors

Romeo Lacher

TITLE
Non-Executive Chairman
AGE
59
TENURE
0.4 yrs

Charles Thoroton Stonehill

TITLE
Vice Chairman of the Board
COMPENSATION
CHF351K
AGE
61
TENURE
2.7 yrs

Raymond Baer

TITLE
Honorary Chairman
COMPENSATION
CHF5K
AGE
60
TENURE
7.4 yrs

Heinrich Baumann

TITLE
Director
COMPENSATION
CHF323K
AGE
68
TENURE
8.4 yrs

Gilbert Achermann

TITLE
Director
COMPENSATION
CHF274K
AGE
55
TENURE
7.4 yrs

Richard Campbell-Breeden

TITLE
Director
COMPENSATION
CHF285K
TENURE
1.4 yrs

Claire Giraut

TITLE
Non-Executive Director
COMPENSATION
CHF264K
AGE
63
TENURE
9.4 yrs

Paul Chow

TITLE
Director
COMPENSATION
CHF256K
AGE
73
TENURE
4.4 yrs

Ivo Furrer

TITLE
Director
COMPENSATION
CHF321K
AGE
62
TENURE
2.4 yrs

Olga Zoutendijk

TITLE
Director
AGE
58
TENURE
0.4 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 Julius Bär Gruppe'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. Julius Bär Gruppe 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.

JGE News

Simply Wall St News

JGE Company Info

Description

Julius Bär Gruppe AG provides private banking products and services to private clients, family offices, and external asset managers primarily in Switzerland, rest of Europe, Asia, and South America. The company offers various structured products; and discretionary mandate, investment advisory, Lombard lending, real estate advisory and financing, custody, online trading, and wealth planning, as well as securities, foreign exchange, and precious metals trading and advisory services. It also operates an open product and service platform. The company was founded in 1890 and is headquartered in Zurich, Switzerland.

Details
Name: Julius Bär Gruppe AG
JGE
Exchange: DB
Founded: 1890
CHF8,713,122,704
217,970,338
Website: http://www.juliusbaer.com
Address: Julius Bär Gruppe AG
Bahnhofstrasse 36,
Zurich,
Zurich, 8010,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX BAER Registered Shares SIX Swiss Exchange CH CHF 01. Oct 2009
OTCPK JBAR.F Registered Shares Pink Sheets LLC US USD 01. Oct 2009
DB JGE Registered Shares Deutsche Boerse AG DE EUR 01. Oct 2009
LSE 0QO6 Registered Shares London Stock Exchange GB CHF 01. Oct 2009
BMV BAER N Registered Shares Bolsa Mexicana de Valores MX MXN 01. Oct 2009
OTCPK JBAX.Y UNSP ADR EACH REP 0.2 ORD SHS Pink Sheets LLC US USD 12. Nov 2009
DB JGE1 UNSP ADR EACH REP 0.2 ORD SHS Deutsche Boerse AG DE EUR 12. Nov 2009
Number of employees
Current staff
Staff numbers
6,768
Julius Bär Gruppe employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/25 21:18
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/09/13
Last earnings filing: 2019/07/22
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.