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Helvetia Baloise Holding (HBAN) Fair Value & Analysis

Financial Services · CH · Market cap CHF 20.1B

HB Helvetia Baloise Holding HBAN · SW
PriceCHF 209.00
Fair ValueCHF 72.48
Upside-65.3%
Quality95/100
Evidence: High Range CHF 54.36 – CHF 90.60

Fair value as of: Jun 26, 2026

From 22 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from CHF 74.02 to CHF 72.48 (−2.1%) since Jun 24, 2026. Share price +2.5% over the past month.

Price vs Fair Value (12 months)

CHF 217.19 CHF 177.95 Fair Value CHF 72.48 Jun 2025 Jun 2026

12‑month range CHF 177.95 – CHF 217.19 · fair‑value band CHF 54.36 – CHF 90.60 · the CHF 209.00 price screens above the CHF 72.48 fair value. As of Jun 26, 2026.

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Analysis

Helvetia Baloise Holding (HBAN) currently trades at CHF 209.00, while our model-based Fair Value estimate is CHF 72.48 — implying the stock looks roughly 65.3% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Helvetia Baloise Holding generated revenue of CHF 10.3B at a net margin of 5.4%. Revenue grew 17.9% year over year. It earns a return on equity of 6.3%. Net debt stands at CHF 576M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) CHF 10.3B
Revenue growth (YoY) +17.9%
Net margin 5.4%
Return on equity 6.3%
Free cash flow CHF 714M FY2025
P/E ratio 19.7
More key figures
Operating margin 13.5%
EPS (TTM) CHF 10.31
Dividend yield 3.8%
EPS growth (YoY) +2.5%
Net debt CHF 576M FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Helvetia Baloise Holding AG engages in life and non-life insurance, and reinsurance business. It offers life insurance products in the areas of investment-linked, group life, and traditional individual life others; non-life insurance products in the areas of property, motor vehicle, health/accident, liability, engineering, and transport; and pure risk, savings, endowment, and annuity insurance products, as well as pension plans and asset management services. The company also provides marine, aviation, and art insurance. It operates in Switzerland, Spain, Germany, Belgium, Luxembourg, Italian and Austrian Markets, France, and internationally The company was formerly known as Helvetia Holding AG and changed its name to Helvetia Baloise Holding AG in April 2022. Helvetia Baloise Holding AG was incorporated in 2017 and is headquartered in Basel, Switzerland.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Helvetia Baloise Holding reported revenue of CHF 10.7B in FY2025 versus CHF 12.3B in FY2021, a compound −3.5%/yr. Reported net income was CHF 552M in FY2025, compounding +2.7%/yr from FY2021.

Revenue −3.5%/yr
FY21 CHF 12.3B
FY22 CHF 10.1B
FY23 CHF 9.2B
FY24 CHF 11.2B
FY25 CHF 10.7B
Net income +2.7%/yr
FY21 CHF 497M
FY22 CHF 439M
FY23 CHF 283M
FY24 CHF 482M
FY25 CHF 552M

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6 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

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Allianz SE ALIZY $46.31 $51.76 +12%
Zurich Insurance Group ZURVY $36.15 $29.58 -18%
AXA SA AXAHY $48.75 $71.11 +46%
Assicurazioni Generali S.p.A ARZGY $24.42 $19.59 -20%
Sun Life Financial Inc SLF $77.26 $61.63 -20%

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Frequently asked questions

Is Helvetia Baloise Holding (HBAN) undervalued?
As of Jun 26, 2026, our model estimates a fair value of CHF 72.48 versus a price of CHF 209.00 — about −65% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HBAN?
Our 21-model fair value for Helvetia Baloise Holding is CHF 72.48 (as of Jun 26, 2026), built from audited fundamentals. The current price is CHF 209.00.
What is the quality score of HBAN?
Helvetia Baloise Holding has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Helvetia Baloise Holding (HBAN)?
Helvetia Baloise Holding reported trailing-twelve-month revenue of about CHF 10.3B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of HBAN?
The net profit margin of Helvetia Baloise Holding is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.
Does Helvetia Baloise Holding pay a dividend?
Helvetia Baloise Holding currently shows a dividend yield of about 3.80% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.