Valiant Holding AG
Valiant Holding AG, together with its subsidiaries, provides financial products and services in the areas of financing, payments, savings, investments, and retirement planning in Switzerland. The company offers savings; real estate financing; loans for working capital and other basic services for businesses; unsecured and consumer loans; payment transactions and other banking transactions through… Read more
Valiant Holding AG (VATN) - Net Assets
Latest net assets as of December 2025: CHF2.76 Billion CHF
Based on the latest financial reports, Valiant Holding AG (VATN) has net assets worth CHF2.76 Billion CHF as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF37.87 Billion) and total liabilities (CHF35.11 Billion). 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 | CHF2.76 Billion |
| % of Total Assets | 7.3% |
| Annual Growth Rate | 3.51% |
| 5-Year Change | -89.92% |
| 10-Year Change | 29.9% |
| Growth Volatility | 187.36 |
Valiant Holding AG - Net Assets Trend (2003–2025)
This chart illustrates how Valiant Holding 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 Valiant Holding AG (2003–2025)
The table below shows the annual net assets of Valiant Holding AG from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF2.76 Billion | +3.23% |
| 2024-12-31 | CHF2.68 Billion | +3.96% |
| 2023-12-31 | CHF2.58 Billion | -90.57% |
| 2022-12-31 | CHF27.30 Billion | -0.46% |
| 2021-12-31 | CHF27.43 Billion | +5.74% |
| 2020-12-31 | CHF25.94 Billion | +15.14% |
| 2019-12-31 | CHF22.53 Billion | +894.04% |
| 2018-12-31 | CHF2.27 Billion | +2.91% |
| 2017-12-31 | CHF2.20 Billion | +3.52% |
| 2016-12-31 | CHF2.13 Billion | +3.72% |
| 2015-12-31 | CHF2.05 Billion | +3.29% |
| 2014-12-31 | CHF1.99 Billion | +2.39% |
| 2013-12-31 | CHF1.94 Billion | +2.22% |
| 2012-12-31 | CHF1.90 Billion | +3.24% |
| 2011-12-31 | CHF1.84 Billion | +14.79% |
| 2010-12-31 | CHF1.60 Billion | -2.33% |
| 2009-12-31 | CHF1.64 Billion | +0.38% |
| 2008-12-31 | CHF1.63 Billion | -0.84% |
| 2007-12-31 | CHF1.65 Billion | +1.86% |
| 2006-12-31 | CHF1.62 Billion | +7.56% |
| 2005-12-31 | CHF1.50 Billion | +8.12% |
| 2004-12-31 | CHF1.39 Billion | +7.50% |
| 2003-12-31 | CHF1.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Valiant Holding 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 grown by 526.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF1.98 Billion | 71.52% |
| Common Stock | CHF7.90 Million | 0.29% |
| Other Comprehensive Income | CHF190.79 Million | 6.90% |
| Other Components | CHF588.50 Million | 21.29% |
| Total Equity | CHF2.76 Billion | 100.00% |
Valiant Holding AG Competitors by Market Cap
The table below lists competitors of Valiant Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mercury General Corporation
NYSE:MCY
|
$2.38 Billion |
|
Julius Baer Group Ltd
PINK:JBAXY
|
$2.38 Billion |
|
INFRONEER Holdings Inc.
F:96L
|
$2.38 Billion |
|
Guangdong Dowstone Technology Co Ltd
SHE:300409
|
$2.38 Billion |
|
Xiamen Changelight
SHE:300102
|
$2.38 Billion |
|
Cofinimmo SA/NV
PINK:CFMOF
|
$2.38 Billion |
|
Glanbia plc
PINK:GLAPF
|
$2.38 Billion |
|
Seabridge Gold Inc.
NYSE:SA
|
$2.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Valiant Holding AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,677,412,000 to 2,763,930,000, a change of 86,518,000 (3.2%).
- Net income of 154,709,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 35,000,000.
- Other factors decreased equity by 103,191,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF154.71 Million | +5.6% |
| Other Comprehensive Income | CHF35.00 Million | +1.27% |
| Other Changes | CHF-103.19 Million | -3.73% |
| Total Change | CHF- | 3.23% |
Book Value vs Market Value Analysis
This analysis compares Valiant Holding 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: 0.95x
- 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 decreased from 2.13x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CHF77.94 | CHF166.40 | x |
| 2004-12-31 | CHF83.79 | CHF166.40 | x |
| 2005-12-31 | CHF90.59 | CHF166.40 | x |
| 2006-12-31 | CHF97.44 | CHF166.40 | x |
| 2007-12-31 | CHF96.91 | CHF166.40 | x |
| 2008-12-31 | CHF103.88 | CHF166.40 | x |
| 2009-12-31 | CHF106.89 | CHF166.40 | x |
| 2010-12-31 | CHF101.39 | CHF166.40 | x |
| 2011-12-31 | CHF116.36 | CHF166.40 | x |
| 2012-12-31 | CHF120.17 | CHF166.40 | x |
| 2013-12-31 | CHF122.83 | CHF166.40 | x |
| 2014-12-31 | CHF126.65 | CHF166.40 | x |
| 2015-12-31 | CHF130.63 | CHF166.40 | x |
| 2016-12-31 | CHF135.05 | CHF166.40 | x |
| 2017-12-31 | CHF139.34 | CHF166.40 | x |
| 2018-12-31 | CHF143.53 | CHF166.40 | x |
| 2019-12-31 | CHF146.80 | CHF166.40 | x |
| 2020-12-31 | CHF149.51 | CHF166.40 | x |
| 2021-12-31 | CHF151.89 | CHF166.40 | x |
| 2022-12-31 | CHF156.24 | CHF166.40 | x |
| 2023-12-31 | CHF163.08 | CHF166.40 | x |
| 2024-12-31 | CHF169.54 | CHF166.40 | x |
| 2025-12-31 | CHF175.02 | CHF166.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Valiant Holding 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): 5.60%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.35%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 13.70x
- Recent ROE (5.60%) is below the historical average (6.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 7.75% | 15.92% | 0.04x | 13.47x | CHF-29.14 Million |
| 2004 | 7.99% | 18.53% | 0.03x | 12.36x | CHF-27.90 Million |
| 2005 | 8.17% | 20.92% | 0.03x | 11.40x | CHF-27.47 Million |
| 2006 | 8.41% | 23.06% | 0.03x | 10.63x | CHF-25.66 Million |
| 2007 | 9.26% | 23.20% | 0.04x | 10.86x | CHF-12.19 Million |
| 2008 | 9.10% | 21.19% | 0.04x | 11.95x | CHF-14.72 Million |
| 2009 | 9.06% | 20.77% | 0.03x | 13.95x | CHF-15.40 Million |
| 2010 | 7.65% | 17.71% | 0.03x | 15.23x | CHF-37.60 Million |
| 2011 | 6.94% | 19.08% | 0.03x | 13.72x | CHF-56.18 Million |
| 2012 | 6.69% | 20.90% | 0.02x | 13.32x | CHF-62.80 Million |
| 2013 | 4.71% | 16.57% | 0.02x | 13.12x | CHF-102.53 Million |
| 2014 | 4.76% | 18.03% | 0.02x | 12.72x | CHF-104.10 Million |
| 2015 | 5.58% | 23.00% | 0.02x | 12.41x | CHF-90.77 Million |
| 2016 | 5.52% | 25.21% | 0.02x | 12.26x | CHF-95.26 Million |
| 2017 | 5.42% | 25.92% | 0.02x | 12.53x | CHF-100.86 Million |
| 2018 | 5.31% | 26.54% | 0.02x | 12.08x | CHF-106.34 Million |
| 2019 | 5.22% | 27.05% | 0.01x | 12.90x | CHF-110.77 Million |
| 2020 | 5.16% | 27.78% | 0.01x | 14.05x | CHF-114.24 Million |
| 2021 | 5.13% | 28.18% | 0.01x | 14.82x | CHF-116.75 Million |
| 2022 | 5.25% | 27.08% | 0.01x | 14.48x | CHF-117.23 Million |
| 2023 | 5.60% | 18.78% | 0.02x | 14.01x | CHF-113.30 Million |
| 2024 | 5.62% | 18.05% | 0.02x | 13.87x | CHF-117.36 Million |
| 2025 | 5.60% | 21.35% | 0.02x | 13.70x | CHF-121.68 Million |
Industry Comparison
This section compares Valiant Holding AG's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,230,747,078
- Average return on equity (ROE) among peers: 6.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Valiant Holding AG (VATN) | CHF2.76 Billion | 7.75% | 12.70x | $2.38 Billion |
| Banque Cantonale de Geneve (BCGE) | $1.83 Billion | 6.85% | 14.48x | $825.51 Million |
| Banque Cantonale Du Jura SA (BCJ) | $239.43 Million | 4.02% | 11.56x | $118.37 Million |
| Banque Cantonale Vaudoise (BCVN) | $3.40 Billion | 9.90% | 11.78x | $3.84 Billion |
| Berner Kantonalbank AG (BEKN) | $3.08 Billion | 5.69% | 12.94x | $3.61 Billion |
| Basellandschaftliche Kantonalbank (BLKB) | $2.73 Billion | 4.76% | 11.72x | $721.98 Million |
| Basler Kantonalbank (BSKP) | $3.14 Billion | 7.29% | 11.47x | $595.92 Million |
| St Galler Kantonalbank AG (SGKN) | $2.15 Billion | 6.80% | 13.99x | $4.00 Billion |
| Thurgauer Kantonalbank (TKBP) | $2.46 Billion | 5.92% | 11.26x | $790.68 Million |
| Banque Cantonale du Valais (WKBN) | $1.05 Billion | 5.35% | 11.40x | $755.90 Million |