Baloise Holding AG

SWX:BALN Stock Report

Market Cap: CHF 9.0b

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This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Baloise Holding Valuation

Is BALN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BALN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BALN (CHF198) is trading above our estimate of fair value (CHF170.44)

Significantly Below Future Cash Flow Value: BALN is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BALN?

Key metric: As BALN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BALN. This is calculated by dividing BALN's market cap by their current earnings.
What is BALN's PE Ratio?
PE Ratio20.4x
EarningsCHF 440.90m
Market CapCHF 8.98b

Price to Earnings Ratio vs Peers

How does BALN's PE Ratio compare to its peers?

The above table shows the PE ratio for BALN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
HBAN Helvetia Baloise Holding
38.4x29.71%CHF 21.0b
VAHN Vaudoise Assurances Holding
13.6xn/aCHF 2.2b
ZURN Zurich Insurance Group
14.9x4.24%CHF 87.9b
SLHN Swiss Life Holding
19.8x6.82%CHF 25.5b
BALN Baloise Holding
20.4x2.78%CHF 9.0b

Price-To-Earnings vs Peers: BALN is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the peer average (17.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does BALN's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
BALN 20.4xIndustry Avg. 12.8xNo. of Companies14PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BALN is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the European Insurance industry average (13x).

Price to Earnings Ratio vs Fair Ratio

What is BALN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BALN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.4x
Fair PE Ratio16.1x

Price-To-Earnings vs Fair Ratio: BALN is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the estimated Fair Price-To-Earnings Ratio (16.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BALN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
Sep ’27n/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
Aug ’27n/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
Jul ’27n/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
Jun ’27n/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
May ’27n/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
Apr ’27n/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
Mar ’27n/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
Feb ’27n/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
Jan ’27n/a
CHF 229.20
0%
1.92%CHF 232.60CHF 223.00n/a3
Dec ’26CHF 203.80
CHF 229.20
+12.46%
1.92%CHF 232.60CHF 223.00n/a3
Nov ’26CHF 199.40
CHF 218.15
+9.40%
8.94%CHF 232.60CHF 185.00n/a4
Oct ’26CHF 197.10
CHF 213.90
+8.52%
8.33%CHF 232.60CHF 185.00n/a4
Sep ’26CHF 203.40
CHF 213.90
+5.16%
8.33%CHF 232.60CHF 185.00n/a4
Aug ’26CHF 195.30
CHF 212.35
+8.73%
7.69%CHF 226.40CHF 185.00n/a4
Jul ’26CHF 188.70
CHF 212.35
+12.53%
7.69%CHF 226.40CHF 185.00n/a4
Jun ’26CHF 195.20
CHF 202.08
+3.52%
9.19%CHF 226.40CHF 185.00n/a5
May ’26CHF 183.30
CHF 200.07
+9.15%
8.77%CHF 226.40CHF 185.00n/a6
Apr ’26CHF 187.50
CHF 172.07
-8.23%
8.46%CHF 190.00CHF 150.00n/a7
Mar ’26CHF 173.70
CHF 169.21
-2.58%
7.37%CHF 190.00CHF 150.00n/a7
Feb ’26CHF 166.50
CHF 168.50
+1.20%
7.10%CHF 190.00CHF 150.00n/a7
Jan ’26CHF 164.10
CHF 168.50
+2.68%
7.10%CHF 190.00CHF 150.00n/a7
Dec ’25CHF 167.40
CHF 168.64
+0.74%
6.49%CHF 190.00CHF 155.00CHF 203.807
Nov ’25CHF 167.60
CHF 166.07
-0.91%
7.79%CHF 190.00CHF 146.00CHF 199.407
Oct ’25CHF 172.10
CHF 166.75
-3.11%
8.31%CHF 190.00CHF 146.00CHF 197.106
Sep ’25CHF 164.10
CHF 152.00
-7.37%
2.33%CHF 155.00CHF 146.00CHF 203.404
CHF 229.2
Fair Value
13.6% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/05 14:01
End of Day Share Price 2025/12/05 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Baloise Holding AG is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Guenther HollfelderBaader Helvea Equity Research
Michael HuttnerBerenberg
Thomas BatemanBerenberg