BAER SW

Julius Bär Gruppe AG

Finance/Real Estate


Presented:08/07/2019
Price:CHF38.90
Cap:$8.81B
Current Price:CHF52.94
Cap:$11.26B

Presented

Date08/07/2019
PriceCHF38.90
Market Cap$8.81B
Ent Value$19.98B
P/E Ratio13.36x
Book ValueCHF27.89
Div Yield3.86%
Shares O/S217.97M
Ave Daily Vol1,212,033
Short IntN/A

Current

PriceCHF52.94
Market Cap$11.26B
Julius Bär Gruppe AG engages in the provision of private banking services. It operates through the following geographical segments: Switzerland, Europe, Americas, and Asia and Other Countries. Its services include discretionary mandates, investment advisory, open product and service platform, financial market services, investor services, financing, and wealth planning. The company was founded in 2009 and is headquartered in Zurich, Switzerland.

Publicly traded companies mentioned herein: Julius Baer Gruppe AG (BAER SW)

Highlights

The presenter is long shares of Julius Baer (BAER SW) and views it as a relatively good business that has had a tough 12 months and is now beginning to stabilize. Due to pressure on comps, BAER has traded down from its recent peak of 15x earnings to 9x. This is because BAER has traded in line with European Financials (despite no investment banking or S&T exposure) and in addition has had company-specific issues. By applying the company's historical multiple of 12.5x earnings to the presenter's earnings estimate for next year of CHF4.30 he reached a price target of CHF54.00, or 40% upside from today's current price. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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