Loading…
Swiss retail and SME bank focused on mortgage lending across German-speaking Switzerland.
Swiss retail and SME bank focused on mortgage lending across German-speaking Switzerland.
Earns mostly from the margin between interest on mortgages and loans to small firms and the cost of customer deposits, with fees from payments and wealth services as a smaller addition. It was assembled through mergers of regional banks.
Moat: narrow (distribution, brand). Dense branch network across German-speaking Switzerland built through historic mergers.
Headquarters: Bern, Switzerland · Founded: 1996 · Employees: 1,188
Size Valiant (VATN.SW) is a Switzerland Financials company (Regional Banks) with a market value of $2.93B, the 79th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 151.20 on 6 Nov 2026.
Performance Over six months the shares fell 9.3%, against +1.0% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 10.8% over the last twelve months (peer median +1.2%); the operating margin is 31.6% (peer median 36.8%).
Valuation It trades at 0.86× book value against a peer median of 1.08× (6th cheapest of 21).
Credit Valiant has 1 bond outstanding ($369M).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 702M | CHF 725M | CHF 848M | CHF 781M | CHF 510M |
| Revenue growth | — | -15% | +9% | +53% | — |
| Net income | CHF 157M | CHF 155M | CHF 150M | CHF 144M | CHF 130M |
| Free cash flow | n/a | CHF 151M | CHF 174M | CHF 113M | CHF 515M |
| Capital expenditure | n/a | CHF 13.4M | CHF 13.5M | CHF 15.6M | CHF 16.6M |
| Total debt | CHF 12.8B | CHF 12.1B | CHF 11.8B | CHF 10.9B | CHF 10.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Valiant VATN.SW | $2.93B | -9% | -11% | 6% | 0.86× | n/a |
| UBS UBSG.SW | $148B | +13% | -5% | 11% | 1.62× | 8.4% |
| Berner Kantonalbank BEKN.SW | $5.07B | +17% | -4% | 7% | 1.34× | n/a |
| Luzerner Kantonalbank LUKN.SW | $7.86B | +28% | -3% | 9% | 1.76× | n/a |
| Banque Cantonale Vaudoise BCVN.SW | $14.4B | +20% | -8% | 12% | 3.07× | n/a |
| St.Galler Kantonalbank SGKN.SW | $5.22B | +19% | -13% | 8% | 1.37× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VATN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | +2.4% | 7th lowest of 21 |
| 6-month return | -9.3% | +1.0% | 6th lowest of 21 |
| Return on equity | 5.8% | 9.5% | 3rd lowest of 21 |
| Price / book | 0.86× | 1.08× | 6th cheapest of 21 |
| Trailing P/E | 15.2× | 11.2× | 4th most expensive of 19 |
| ROE delivered | 5.8% | 9.9% | 3rd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Valiant VATN.SW | Switzerland | $2.93B | -9% | -11% | 6% | 0.86× | n/a | 5.8% |
| BNK Financial 138930.KS | South Korea | $2.88B | -31% | +10% | 8% | 0.39× | 4.1% | n/a |
| Banc of California BANC | United States | $2.86B | -6% | -14% | 0% | 1.00× | 8.6% | -0.3% |
| Customers Bancorp CUBI | United States | $2.82B | +10% | +8% | 14% | 1.29× | 14.7% | 13.6% |
| Cembra Money Bank CMBN.SW | Switzerland | $3.03B | -9% | -3% | 15% | 1.93× | 4.1% | 14.7% |
| First Hawaiian FHB | United States | $3.04B | -9% | +1% | 10% | 1.08× | 9.3% | 9.9% |
| Union Bank of Taiwan 2838.TW | Taiwan | $2.75B | +2% | -9% | 8% | 1.06× | 3.7% | 8.5% |
| Bank of Hawaii BOH | United States | $2.73B | -13% | +1% | 14% | 1.84× | 13.0% | 13.6% |
| Suruga Bank 8358.T | Japan | $2.73B | +10% | +13% | 14% | 1.32× | 8.2% | 13.7% |
| Walliser Kantonalbank WKBN.SW | Switzerland | $3.15B | +4% | -12% | 5% | 1.50× | n/a | 5.3% |
| UCO Bank UCOBANK.NS | India | $3.17B | -13% | +1% | 9% | 0.86× | 13.6% | n/a |
| Weihai Bank 9677.HK | Hong Kong | $2.70B | +5% | +6% | 9% | 0.64× | 4.5% | 9.2% |
| First Bancorp FBNC | United States | $2.67B | +10% | +14% | 10% | 1.56× | 12.2% | 9.9% |
| Bank of Guiyang 601997.SS | China | $3.20B | -3% | -5% | 7% | 0.32× | 2.0% | 6.9% |
| Xiamen Bank 601187.SS | China | $2.67B | -13% | 0% | 10% | 0.63× | 3.2% | 10.0% |
| Seacoast Banking Corporation of Florida SBCF | United States | $3.24B | +8% | +29% | 7% | 1.25× | 10.9% | 6.8% |
| Dongguan Rural Commercial Bank 9889.HK | Hong Kong | $2.63B | -14% | 0% | 7% | 0.29× | 3.7% | 6.6% |
| Trustmark TRMK | United States | $2.58B | 0% | -4% | 11% | 1.25× | 9.6% | 11.2% |
| Beacon Financial BBT | United States | $2.57B | +6% | +74% | 9% | 1.02× | 7.9% | 9.1% |
| Banner BANR | United States | $2.55B | +7% | +2% | 10% | 1.20× | 10.1% | 10.0% |
| TowneBank TOWN | United States | $3.36B | +4% | +36% | 13% | 1.08× | 9.0% | 12.9% |
Valiant has 1 bond outstanding with $369M face value.