| Valuation method | Value, CHF | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 128.99 | -17 |
| Intrinsic value (DCF) | 47.93 | -69 |
| Graham-Dodd Method | 134.65 | -13 |
| Graham Formula | 86.53 | -44 |
Valiant Holding AG is a leading Swiss regional bank providing comprehensive financial services to private retail clients, affluent individuals, self-employed professionals, and small-to-medium-sized enterprises (SMEs). Founded in 1824 and headquartered in Lucerne, Switzerland, Valiant operates across 14 cantons, offering a diversified portfolio including savings accounts, real estate financing, business loans, consumer credit, digital payment solutions, and retirement planning. The bank emphasizes digital transformation with its mobile banking app, enhancing customer convenience. Valiant’s strong regional presence and deep-rooted relationships in Switzerland’s cantonal banking system position it as a trusted financial partner. With a market capitalization of CHF 1.88 billion, the bank combines traditional Swiss banking stability with modern financial solutions, catering to local economic needs while maintaining conservative risk management. Its focus on SME lending and mortgage financing aligns with Switzerland’s robust real estate and entrepreneurial sectors.
Valiant Holding AG presents a stable investment opportunity within Switzerland’s regional banking sector, supported by its conservative risk profile (beta: 0.31) and consistent profitability (net income: CHF 150.4M in FY2024). The bank’s dividend yield (~3.1% at a CHF 5.8/share payout) and strong liquidity (CHF 4.21B cash reserves) appeal to income-focused investors. However, its regional concentration limits growth scalability compared to national peers, and near-zero interest margins in Switzerland’s low-rate environment may pressure revenues. Valiant’s lack of total debt is a strength, but reliance on domestic markets exposes it to Swiss economic cyclicality. Investors should weigh its reliable dividends against modest growth prospects.
Valiant Holding AG competes in Switzerland’s crowded regional banking landscape, where cantonal banks and private lenders dominate. Its competitive edge lies in hyper-localized services, deep SME relationships, and a hybrid digital-traditional model. Unlike larger Swiss banks (UBS, Credit Suisse), Valiant avoids global exposure, focusing instead on low-risk domestic retail and commercial banking. This shields it from international volatility but caps upside. The bank’s mobile banking app modernizes its offering, though it lags behind digital-first neobanks like Neon or Revolut in user experience. Valiant’s real estate financing (a core revenue driver) benefits from Switzerland’s stable property market, but faces stiff competition from Hypothekarbank Lenzburg and Raiffeisen Group’s aggressive mortgage pricing. Its zero-debt balance sheet is rare among peers, providing resilience during downturns. However, scale disadvantages emerge in technology investments, where larger rivals like Zürcher Kantonalbank (ZKB) outspend. Valiant’s niche is servicing local entrepreneurs and retirees, but it must accelerate digital adoption to retain younger clients.