Bellevue Group AG
Bellevue Group AG provides asset management services in Switzerland, the United Kingdom, Germany, and internationally. The company offers healthcare investment solutions, including biotech, medtech, thematic, and healthcare global and regional. It also provides small and mid-sized entrepreneur investment solutions, such as listed small and mid caps, and private equity strategies; and multi asset,… Read more
Bellevue Group AG (BBN) - Net Assets
Latest net assets as of June 2025: CHF112.53 Million CHF
Based on the latest financial reports, Bellevue Group AG (BBN) has net assets worth CHF112.53 Million CHF as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF147.04 Million) and total liabilities (CHF34.51 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF112.53 Million |
| % of Total Assets | 76.53% |
| Annual Growth Rate | -3.64% |
| 5-Year Change | -28.52% |
| 10-Year Change | -12.83% |
| Growth Volatility | 69.14 |
Bellevue Group AG - Net Assets Trend (2002–2024)
This chart illustrates how Bellevue Group AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bellevue Group AG (2002–2024)
The table below shows the annual net assets of Bellevue Group AG from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CHF118.52 Million | -3.22% |
| 2023-12-31 | CHF122.47 Million | -8.53% |
| 2022-12-31 | CHF133.89 Million | -8.67% |
| 2021-12-31 | CHF146.59 Million | -11.59% |
| 2020-12-31 | CHF165.82 Million | -16.40% |
| 2019-12-31 | CHF198.35 Million | -55.14% |
| 2018-12-31 | CHF442.17 Million | +4.04% |
| 2017-12-31 | CHF425.01 Million | -3.48% |
| 2016-12-31 | CHF440.36 Million | +223.89% |
| 2015-12-31 | CHF135.96 Million | -66.22% |
| 2014-12-31 | CHF402.44 Million | +169.28% |
| 2013-12-31 | CHF149.45 Million | -7.30% |
| 2012-12-31 | CHF161.21 Million | -15.43% |
| 2011-12-31 | CHF190.63 Million | -35.35% |
| 2010-12-31 | CHF294.84 Million | -11.39% |
| 2009-12-31 | CHF332.73 Million | -26.81% |
| 2008-12-31 | CHF454.64 Million | -4.92% |
| 2007-12-31 | CHF478.14 Million | +58.63% |
| 2003-12-31 | CHF301.42 Million | +12.48% |
| 2002-12-31 | CHF267.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bellevue Group AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 58.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF103.53 Million | 87.35% |
| Common Stock | CHF1.35 Million | 1.14% |
| Other Comprehensive Income | CHF18.70 Million | 15.78% |
| Total Equity | CHF118.52 Million | 100.00% |
Bellevue Group AG Competitors by Market Cap
The table below lists competitors of Bellevue Group AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fleetwood Ltd
AU:FWD
|
$85.72 Million |
|
PDS Limited
NSE:PDSL
|
$85.72 Million |
|
Optimax Technology Corp
TW:3051
|
$85.75 Million |
|
ENB Financial Corp
OTCQX:ENBP
|
$85.76 Million |
|
Veedol Corporation Limited
NSE:VEEDOL
|
$85.70 Million |
|
Kamada
NASDAQ:KMDA
|
$85.65 Million |
|
BGF Retail Co Ltd
KO:027410
|
$85.64 Million |
|
Dongwon System
KO:014820
|
$85.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bellevue Group AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 122,468,000 to 118,520,000, a change of -3,948,000 (-3.2%).
- Net income of 9,159,000 contributed positively to equity growth.
- Dividend payments of 15,138,000 reduced retained earnings.
- Share repurchases of 303,000 reduced equity.
- New share issuances of 303,000 increased equity.
- Other comprehensive income decreased equity by 744,000.
- Other factors increased equity by 2,775,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF9.16 Million | +7.73% |
| Dividends Paid | CHF15.14 Million | -12.77% |
| Share Repurchases | CHF303.00K | -0.26% |
| Share Issuances | CHF303.00K | +0.26% |
| Other Comprehensive Income | CHF-744.00K | -0.63% |
| Other Changes | CHF2.77 Million | +2.34% |
| Total Change | CHF- | -3.22% |
Book Value vs Market Value Analysis
This analysis compares Bellevue Group AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.38x to 0.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CHF23.52 | CHF8.90 | x |
| 2003-12-31 | CHF26.76 | CHF8.90 | x |
| 2004-12-31 | CHF22.64 | CHF8.90 | x |
| 2005-12-31 | CHF29.77 | CHF8.90 | x |
| 2006-12-31 | CHF35.55 | CHF8.90 | x |
| 2007-12-31 | CHF43.63 | CHF8.90 | x |
| 2008-12-31 | CHF41.18 | CHF8.90 | x |
| 2009-12-31 | CHF29.98 | CHF8.90 | x |
| 2010-12-31 | CHF26.54 | CHF8.90 | x |
| 2011-12-31 | CHF17.17 | CHF8.90 | x |
| 2012-12-31 | CHF14.80 | CHF8.90 | x |
| 2013-12-31 | CHF13.55 | CHF8.90 | x |
| 2014-12-31 | CHF14.30 | CHF8.90 | x |
| 2015-12-31 | CHF13.13 | CHF8.90 | x |
| 2016-12-31 | CHF12.59 | CHF8.90 | x |
| 2017-12-31 | CHF13.19 | CHF8.90 | x |
| 2018-12-31 | CHF14.70 | CHF8.90 | x |
| 2019-12-31 | CHF14.79 | CHF8.90 | x |
| 2020-12-31 | CHF12.41 | CHF8.90 | x |
| 2021-12-31 | CHF11.02 | CHF8.90 | x |
| 2022-12-31 | CHF10.07 | CHF8.90 | x |
| 2023-12-31 | CHF9.26 | CHF8.90 | x |
| 2024-12-31 | CHF8.96 | CHF8.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bellevue Group AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.99%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.37x
- Recent ROE (7.73%) is below the historical average (8.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 20.91% | 50.25% | 0.09x | 4.42x | CHF27.54 Million |
| 2003 | 13.59% | 37.19% | 0.10x | 3.59x | CHF10.08 Million |
| 2004 | 16.08% | 46.26% | 0.32x | 1.10x | CHF14.50 Million |
| 2005 | 18.93% | 67.33% | 0.26x | 1.07x | CHF28.17 Million |
| 2006 | 30.45% | 92.76% | 0.33x | 1.00x | CHF80.62 Million |
| 2007 | 33.55% | 50.68% | 0.31x | 2.16x | CHF112.62 Million |
| 2008 | 5.40% | 31.17% | 0.08x | 2.16x | CHF-20.94 Million |
| 2009 | -28.57% | -155.56% | 0.09x | 2.16x | CHF-128.34 Million |
| 2010 | 0.52% | 2.80% | 0.09x | 1.96x | CHF-27.96 Million |
| 2011 | -33.95% | -229.74% | 0.06x | 2.37x | CHF-83.78 Million |
| 2012 | 4.05% | 17.25% | 0.08x | 3.01x | CHF-9.59 Million |
| 2013 | 4.34% | 17.26% | 0.09x | 2.71x | CHF-8.46 Million |
| 2014 | 7.42% | 19.44% | 0.14x | 2.79x | CHF-3.86 Million |
| 2015 | -0.60% | -1.01% | 0.23x | 2.62x | CHF-14.41 Million |
| 2016 | -0.41% | -0.88% | 0.16x | 2.92x | CHF-16.54 Million |
| 2017 | 12.14% | 20.82% | 0.22x | 2.61x | CHF3.80 Million |
| 2018 | 10.14% | 21.22% | 0.20x | 2.37x | CHF284.90K |
| 2019 | 5.77% | 11.22% | 0.26x | 1.98x | CHF-8.39 Million |
| 2020 | 13.45% | 20.21% | 0.47x | 1.42x | CHF5.72 Million |
| 2021 | 29.38% | 30.29% | 0.63x | 1.55x | CHF28.40 Million |
| 2022 | 18.90% | 25.46% | 0.54x | 1.38x | CHF11.91 Million |
| 2023 | 12.43% | 18.59% | 0.53x | 1.27x | CHF2.98 Million |
| 2024 | 7.73% | 12.99% | 0.43x | 1.37x | CHF-2.69 Million |
Industry Comparison
This section compares Bellevue Group AG's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,159,999,509
- Average return on equity (ROE) among peers: 13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bellevue Group AG (BBN) | CHF112.53 Million | 20.91% | 0.31x | $85.72 Million |
| Alpine Select AG (ALPN) | $67.68 Million | 1.80% | 0.02x | $15.20 Million |
| Julius Baer Gruppe AG (BAER) | $4.31 Billion | 5.99% | 11.28x | $13.26 Billion |
| HBM Healthcare Investments (HBMN) | $1.45 Billion | 12.61% | 0.07x | $2.12 Million |
| Nebag ag (NBEN) | $82.49 Million | 6.78% | 0.01x | $49.55 Million |
| Private Equity Holding AG (PEHN) | $210.59 Million | 9.57% | 0.01x | $613.71K |
| Partners Group Holding AG (PGHN) | $1.54 Billion | 36.22% | 0.25x | $19.65 Billion |
| VZ Holding AG (VZN) | $459.47 Million | 18.88% | 4.88x | $2.45 Billion |