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Julius Baer Gruppe AG BAER

Morningstar Rating
CHF 44.55 +0.31 (0.70%)
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Company Report

Julius Baer Is a Unique Pure-Play Wealth Manager

The strong secular trend where very wealthy individuals grow their wealth ahead of the growth in global GDP is set to remain in place. The demand for bespoke financial planning and wealth management services will continue to be strong. However, we anticipate that fee margins will remain under pressure as competition increases with many financial services firms expanding their presence in the wealth management market.

Price vs Fair Value

BAER is trading within a range we consider fairly valued.
Price
CHF 44.55
Fair Value
CHF 89.00
Uncertainty
High
1-Star Price
CHF 711.26
5-Star Price
CHF 27.00
Economic Moat
Xltv
Capital Allocation
Xfqmwnxjk

Bulls Say, Bears Say

Bulls

Julius Baer is a classic advice-driven private bank. Its advisors are completely independent and able to offer clients the investment products that best serve the the clients' needs.

Bears

Wealth management is becoming a crowded space with multiple new entrants that are putting pressure on margins.

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News

Trading Information

Previous Close Price
CHF 44.24
Day Range
CHF 43.9644.82
52-Week Range
CHF 42.9864.70
Bid/Ask
CHF 44.60 / CHF 44.98
Market Cap
CHF 9.11 Bil
Volume/Avg
849,369 / 578,687

Key Statistics

Price/Earnings (Normalized)
8.38
Price/Sales
2.28
Dividend Yield
5.84%
Dividend Yield (Forward)
5.84%
Total Yield
8.58%

Company Profile

Julius Baer was founded in 1890 and expanded significantly in 2005 when it acquired three Swiss private banks and Global Asset Management from its far larger Swiss rival, UBS. In 2009, Baer spun off GAM as a separately listed firm. The acquisition of Merrill Lynch's wealth management operations outside of the U.S. in 2012 increased Baer's assets under management by 40% and increased its footprint outside of Europe. Julius Baer is currently the largest pure-play private bank in Switzerland and the third-largest Swiss private bank. Baer provides private banking services principally to individuals in Switzerland and Europe and increasingly in Asia and other emerging markets.
Sector
Financial Services
Industry
Asset Management
Stock Style Box
Mid Value
Total Number of Employees
6,891

Competitors

Valuation

Metric
BAER
DWS
AMUN
Price/Earnings (Normalized)
8.389.2472.74
Price/Book Value
1.460.831.06
Price/Sales
2.281.431.99
Price/Cash Flow
6.4411.789.02
Price/Earnings
BAER
DWS
AMUN

Financial Strength

Metric
BAER
DWS
AMUN
Quick Ratio
1.070.85
Current Ratio
1.072.03
Interest Coverage
19.37
Quick Ratio
BAER
DWS
AMUN

Profitability

Metric
BAER
DWS
AMUN
Return on Assets (Normalized)
0.96%3.91%4.07%
Return on Equity (Normalized)
16.60%5.85%11.21%
Return on Invested Capital (Normalized)
5.71%5.25%
Return on Assets
BAER
DWS
AMUN

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