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1. Company Snapshot

1.a. Company Description

Walliser Kantonalbank provides various banking products and services in Switzerland.It offers Euro and savings plus accounts; mortgages and credits; investment products; provident and insurance products; wealth management services; and e-trade, e-banking, and mobile banking services, as well as leases equipment.The company operates through a network of 30 stores and 13 representative offices; and 76 ATMs, 14 deposit machines, and 7 multifunction machines.


Walliser Kantonalbank was founded in 1917 and is headquartered in Sion, Switzerland.

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1.b. Last Insights on WKBN

Walliser Kantonalbank's 7.0% performance over the past three months can be attributed to its strong full-year 2023 results, driven by a 16% revenue growth to CHF296.7m. The bank's solid financials, coupled with its strategic focus on digitalization and cost optimization, have likely contributed to its positive performance.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Walliser Kantonalbank Reports Full Year 2023 Earnings

Mar -25

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Investing in Leonteq (VTX:LEON) three years ago would have delivered you a 58% gain

May -01

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Banking and Related Activities

Expected Growth: 4.5%

The growth of Walliser Kantonalbank's Banking and Related Activities segment is driven by increasing demand for lending and deposit-taking services, as well as the bank's strong presence in the Swiss market, enabling it to capitalize on the country's stable economic growth.

7. Detailed Products

Private Banking

Personalized financial services for private individuals, including investment advice, portfolio management, and wealth planning.

Corporate Banking

Financial solutions for businesses, including cash management, trade finance, and risk management.

Mortgage Lending

Competitive mortgage rates and flexible repayment terms for individuals and businesses.

Savings and Investment Products

Range of savings accounts, investment funds, and pension plans.

Payment Services

Efficient payment solutions for individuals and businesses, including credit cards, debit cards, and online banking.

E-Banking and Mobile Banking

Secure online and mobile banking platforms for easy account management and transactions.

Wealth Management

Comprehensive wealth management services, including investment advice, portfolio management, and estate planning.

Trade Finance

Specialized trade finance solutions for importers, exporters, and traders.

8. Walliser Kantonalbank's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Walliser Kantonalbank is medium, as customers have limited alternatives for their banking needs, but still have some options.

Bargaining Power Of Customers

The bargaining power of customers for Walliser Kantonalbank is low, as customers have limited negotiating power and are dependent on the bank's services.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Walliser Kantonalbank is medium, as the bank relies on a few large suppliers for its operations, but has some negotiating power.

Threat Of New Entrants

The threat of new entrants for Walliser Kantonalbank is low, as the banking industry has high barriers to entry and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry for Walliser Kantonalbank is high, as the banking industry is highly competitive and rivals are constantly trying to gain market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 80.96%
Debt Cost 3.95%
Equity Weight 19.04%
Equity Cost 4.61%
WACC 4.07%
Leverage 425.24%

11. Quality Control: Walliser Kantonalbank passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
SpareBank 1 Ringerike Hadeland

A-Score: 8.2/10

Value: 6.9

Growth: 8.4

Quality: 6.5

Yield: 9.4

Momentum: 9.0

Volatility: 9.0

1-Year Total Return ->

Stock-Card
Crédit Agricole

A-Score: 6.7/10

Value: 9.1

Growth: 3.9

Quality: 6.1

Yield: 5.6

Momentum: 10.0

Volatility: 5.7

1-Year Total Return ->

Stock-Card
Aktia

A-Score: 6.7/10

Value: 4.8

Growth: 4.6

Quality: 4.9

Yield: 10.0

Momentum: 6.5

Volatility: 9.7

1-Year Total Return ->

Stock-Card
Walliser

A-Score: 6.3/10

Value: 4.1

Growth: 4.9

Quality: 4.9

Yield: 5.6

Momentum: 8.5

Volatility: 10.0

1-Year Total Return ->

Stock-Card
Nationwide

A-Score: 5.4/10

Value: 8.0

Growth: 5.7

Quality: 4.5

Yield: 0.0

Momentum: 4.0

Volatility: 10.0

1-Year Total Return ->

Stock-Card
illimity Bank

A-Score: 4.4/10

Value: 9.0

Growth: 2.4

Quality: 3.0

Yield: 1.9

Momentum: 3.0

Volatility: 7.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

131.5$

Current Price

131.5$

Potential

-0.00%

Expected Cash-Flows