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← CockpitCompetitor Analysis › VONN.SW Vontobel Holding AGOpen in the cockpit ↗

Vontobel Holding AGVONN.SWCompetitor analysis, valuation and peers

Switzerland · CHF·Financials›Investment Managers

Swiss private bank and asset manager providing wealth management, investment banking products and fund management.

≈ A Swiss boutique wealth manager/investment bank hybridMomentum strong 77
Competitor Analysis ▸ ChartsOpen in the cockpit
Mkt cap
$6.18B
US dollars, full cap
Free float
46%
of shares outstanding
$/day
$6.80M
20-day average traded
Fwd P/E
12.6×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
96 days
10 Feb 2027
Close · CHFCHF 90.60
1D-1.7%
1W+0.4%
1M+2.0%
3M+2.7%
6M+36.0%
YTD+40.9%
1Y+52.5%
ATR %2.3%
52w lowhigh4.3% off high

What Vontobel does

Swiss private bank and asset manager providing wealth management, investment banking products and fund management.

Earns fees on the assets it manages and advises on, plus fees and trading margins from structured products, which are notes whose payout is linked to a market or basket of shares. Income therefore rises and falls with asset values and client activity. The Vontobel family and a related foundation hold a controlling stake.

In one line: A Swiss boutique wealth manager/investment bank hybrid.

Products and services

  • Wealth management/private banking
  • Asset management (funds)
  • Structured products/investment banking

Customers

  • High-net-worth individuals
  • Institutional investors
  • Retail structured-product investors

Where it sits in the supply chain

  • Financials
  • Private banking & asset management
  • Wealth management, structured products…

What could go right

  • Global HNW wealth growth
  • Assets under management fee income

What could go wrong

  • Market volatility affecting AUM fees
  • Structured products market demand cyclicality

Moat: narrow (brand, switching costs). Swiss private banking brand and structured-products expertise, in a competitive wealth management industry.

Headquarters: Zurich, Switzerland · Founded: 1924 · Employees: 2,529

Named competitors

Vontobel at a glance

Size Vontobel (VONN.SW) is a Switzerland Financials company (Investment Managers) with a market value of $6.18B, the 52nd largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 90.60 on 6 Nov 2026.

Performance Over six months the shares gained 36.0%, against -0.4% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 11.5% over the last twelve months (peer median +13.7%); the operating margin is 25.2% (peer median 36.3%).

Valuation It trades at 12.6× forward earnings against a peer median of 12.9× (9th cheapest of 19).

Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026VONN.SW 135Peer median 98
Six months, rebased to 100: Vontobel against the median of its 20 peers (local-currency closes).

Vontobel financials

Reported figures in CHF; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCHF 2.04BCHF 1.88BCHF 1.86BCHF 1.71BCHF 1.67B
Revenue growth—+1%+9%+2%—
Net incomeCHF 381MCHF 280MCHF 266MCHF 215MCHF 230M
Free cash flowCHF 632MCHF 1.41B-CHF 218MCHF 459MCHF 872M
Capital expenditureCHF 66.1MCHF 66.2MCHF 53.8MCHF 63.4MCHF 66.0M
Total debtn/aCHF 16.0BCHF 16.5BCHF 14.3BCHF 12.6B

Quarterly statements and history in the cockpit →

Vontobel competitor charts

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.

Performance: 6-month against 1-month return

-20%0%+20%+40%0%+10%EFGN0029452799STEP601136601377ABDNNAM-INDIAICGN91VCTR601108HASIHLNE360ONEBGNCIGIBPTVZNFHIVONN.SW6-month return →1-month return →
Up and to the right = strong over both horizons. Vontobel is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%20×40×EFGN2799STEP601377ABDNNAM-INDIAICGN91VCTR601108HASIHLNE360ONEBGNCIGIBPTVZNVONN.SWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Vontobel is the large dot.

Vontobel competitors and peer comparison

Head to head with its named competitors (VONN.SW vs BAER.SW vs EFGN.SW vs UBSG.SW)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Vontobel VONN.SW$6.18B+36%+11%25%12.6×n/a
Julius Baer Gruppe BAER.SW$17.1B+2%0%30%11.3×n/a
EFG International EFGN.SW$6.26B-1%-1%26%14.4×n/a
UBS UBSG.SW$148B+13%-5%23%13.2×n/a
Banque Cantonale Vaudoise BCVN.SW$14.4B+20%-8%42%25.9×n/a

How Vontobel compares with its peers

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.

Vontobel against its 20 peers (data as of 6 Nov 2026)
MeasureVONN.SWPeer medianRank in peer set
1-month return+2.0%+5.0%9th lowest of 21
6-month return+36.0%-0.4%3rd highest of 21
Distance from 52-week high-4.3%-17.8%2nd highest of 21
Revenue growth (TTM)+11.5%+13.7%10th lowest of 21
Operating margin25.2%36.3%4th lowest of 21
Forward P/E12.6×12.9×9th cheapest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Vontobel VONN.SWSwitzerland$6.18B+36%+11%25%12.6×n/an/a
EFG International EFGN.SWSwitzerland$6.26B-1%-1%26%14.4×n/an/a
ChinaLin Securities 002945.SZChina$6.27B0%+15%25%n/an/an/a
China CITIC Financial Asset Management 2799.HKHong Kong$5.83B-24%-18%135%3.1×n/an/a
StepStone STEPUnited States$5.73B-15%+51%-53%18.1×n/an/a
Capital Securities 601136.SSChina$5.41B-21%+1%36%n/an/an/a
China Industrial Securities 601377.SSChina$7.12B-9%-11%29%13.2×n/an/a
Aberdeen ABDN.LUnited Kingdom$5.36B+2%+2%37%14.3×n/an/a
Nippon Life India Asset Management NAM-INDIA.NSIndia$7.22B-4%+23%68%39.1×n/an/a
ICG ICG.LUnited Kingdom$7.32B+2%+6%60%11.9×n/an/a
Ninety One N91.LUnited Kingdom$5.18B-6%+10%26%11.1×n/an/a
Victory Capital VCTRUnited States$7.38B+40%+50%46%14.0×n/an/a
Caitong Securities 601108.SSChina$5.12B-11%-12%31%10.7×n/an/a
HA Sustainable Infrastructure Capital HASIUnited States$5.00B-5%+27%69%12.6×n/an/a
Hamilton Lane HLNEUnited States$4.99B+1%+19%58%12.3×n/an/a
360 One Wam 360ONE.NSIndia$4.95B+3%+25%33%35.1×n/an/a
Banca Generali BGN.MIItaly$7.73B+4%+17%38%15.3×n/an/a
Colliers International CIGI.TOCanada$4.88B-5%+14%7%11.8×n/an/a
Bridgepoint BPT.LUnited Kingdom$4.79B+55%+36%49%10.7×n/an/a
VZ Holding AG VZN.SWSwitzerland$8.03B+17%+9%45%24.1×n/an/a
Federated Hermes FHIUnited States$4.73B+14%+13%28%10.9×n/an/a

Questions

Who are Vontobel's main competitors?
Named competitors: Julius Baer (BAER.SW), Pictet (private) (private or unlisted), EFG International (EFGN.SW), UBS Group (UBSG.SW), Banque Cantonale Vaudoise (BCVN.SW). The cockpit's measured peer set (industry) also includes EFG International (EFGN.SW), ChinaLin Securities (002945.SZ), China CITIC Financial Asset Management (2799.HK), StepStone (STEP), Capital Securities (601136.SS), China Industrial Securities (601377.SS).
Is Vontobel expensive compared with its peers?
On forward p/e it trades at 12.6× against a peer median of 12.9×, 9th cheapest of 19 in its peer set.
How has Vontobel stock performed?
Over six months to 6 Nov 2026 the shares returned +36.0% against -0.4% for the median peer; over one year +52.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.