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Julius Baer Group (JBAXY)
OTHER OTC:JBAXY
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Julius Baer Group
(OTC:JBAXY)
68Neutral
Julius Baer Group (JBAXY) vs. S&P 500 (SPY)
Market Cap
$11.90B
Dividend Yield2.73%
Average Volume (3M)10.30K
Price to Earnings (P/E)10.7
Beta (1Y)1.02
Revenue Growth9.84%
EPS Growth135.73%
CountryUS
Employees7,595
SectorFinancial
Sector Strength88
IndustryAsset Management
Share Statistics
EPS (TTM)0.51
Shares Outstanding1,030,008,900
10 Day Avg. Volume30,892
30 Day Avg. Volume10,297
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.46
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Julius Baer Group Business Overview & Revenue Model
Company DescriptionJulius Baer Group (JBAXY) is a Swiss multinational private banking group, headquartered in Zurich, Switzerland. It is one of the largest and most prestigious private banks in the world, focusing primarily on wealth management services. The company provides its clients with a comprehensive range of services including investment advisory, financial planning, tax planning, and estate planning. Julius Baer caters to high net-worth individuals, family offices, and institutional clients, offering a personalized approach to wealth management and financial consulting.
How the Company Makes MoneyJulius Baer Group makes money primarily through its wealth management services, earning revenue from advisory fees, transaction fees, and asset management fees. The bank charges fees for managing clients' investment portfolios and providing financial advisory services. Additionally, Julius Baer earns interest income from lending services and investments. The group also benefits from trading operations and foreign exchange services, which contribute to its overall revenue. Strategic partnerships and acquisitions have expanded its market presence and client base, further enhancing its revenue-generating capabilities. Its business model relies significantly on maintaining strong client relationships and delivering tailored financial solutions to meet the diverse needs of its clientele.
Julius Baer Group Financial Statement Overview
Summary
Julius Baer Group demonstrates strong financial health with significant improvements in profitability and cash flow in 2024. The absence of debt in 2024 is a key strength, enhancing financial stability. However, the lack of EBIT and EBITDA margins for 2024 limits a full operational assessment. Overall, the company shows a solid financial trajectory with increased shareholder value and robust revenue growth.Income Statement
The company shows a strong improvement in net income and revenue in 2024, with a net profit margin increase from 14.01% in 2023 to 26.23% in 2024. However, the EBIT and EBITDA margins are not available for 2024, which limits a comprehensive analysis of operational efficiency. Revenue growth was 20.28% from 2023 to 2024, indicating robust growth. Overall, the income statement reflects strong profitability improvements.75
Positive
Balance Sheet
Julius Baer Group maintains a solid financial position with no total debt in 2024, leading to a debt-to-equity ratio of 0. The equity ratio improved slightly to 6.50% in 2024, indicating a stable financial structure. The return on equity increased significantly to 14.97% in 2024 from 7.37% in 2023, showing enhanced profitability for shareholders.82
Very Positive
Cash Flow
The operating cash flow turned positive in 2024, reversing a negative trend from previous years. Free cash flow also improved significantly to $1,872 million in 2024. However, the free cash flow growth rate from 2023 to 2024 is not consistent due to negative values in 2023. The operating cash flow to net income ratio is approximately 2.08, indicating strong cash conversion from profits.68
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.90B | 3.24B | 4.52B | 4.27B | 4.06B | Gross Profit |
| 3.90B | 813.40M | 4.52B | 4.27B | 4.06B | EBIT |
| 0.00 | 655.90M | 1.30B | 1.42B | 1.23B | EBITDA |
| 0.00 | 749.80M | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| 1.02B | 454.00M | 949.60M | 1.08B | 698.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 13.78B | 16.22B | 18.91B | 25.80B | 23.06B | Total Assets |
| 105.07B | 96.79B | 105.64B | 116.31B | 109.14B | Total Debt |
| 0.00 | 6.05B | 5.92B | 7.07B | 6.83B | Net Debt |
| -13.78B | -13.54B | -12.99B | -18.73B | -16.24B | Total Liabilities |
| 98.24B | 90.62B | 99.35B | 109.56B | 102.70B | Stockholders Equity |
| 6.83B | 6.16B | 6.29B | 6.73B | 6.43B |
| Cash Flow | Free Cash Flow | |||
| 1.87B | -1.17B | 1.72B | 123.80M | -1.83B | Operating Cash Flow |
| 2.13B | -929.10M | 1.91B | 320.60M | -1.64B | Investing Cash Flow |
| 2.86B | -1.69B | -5.37B | 764.60M | 743.40M | Financing Cash Flow |
| -409.40M | 79.30M | -3.48B | 1.62B | 5.25B |
Julius Baer Group Technical Analysis
Positive
13.35
Price Trends
12.91
Positive
12.84
Positive
12.21
Positive
Market Momentum
0.05
Negative
61.60
Neutral
93.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBAXY, the sentiment is Positive. The current price of 13.35 is above the 20-day moving average (MA) of 12.11, above the 50-day MA of 12.91, and above the 200-day MA of 12.21, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 61.60 is Neutral, neither overbought nor oversold. The STOCH value of 93.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JBAXY.
Julius Baer Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $9.32B | 16.65 | 26.62% | 1.19% | 10.23% | 26.56% | |
80 Outperform | $3.30B | 11.75 | 24.98% | 2.97% | 2.32% | 1.08% | |
73 Outperform | $18.97B | 9.10 | 17.54% | 3.08% | 21.00% | 137.62% | |
71 Outperform | $6.45B | 11.54 | 5.50% | 5.69% | 5.69% | ― | |
68 Neutral | $11.90B | 10.71 | 15.64% | 2.73% | 9.84% | 135.73% | |
65 Neutral | $25.82B | 10.17 | 11.21% | 3.28% | 16.34% | 66.71% | |
64 Neutral | $12.64B | 9.74 | 8.05% | 17044.60% | 12.66% | -4.62% |
* Financial Sector Average
Performance Comparison
JBAXY
Julius Baer Group
13.35
2.06
18.25%
FHI
Federated Hermes
41.71
10.47
33.51%
IVZ
Invesco
14.41
0.17
1.19%
SEIC
SEI Investments Company
79.99
12.69
18.86%
STT
State Street
90.53
17.95
24.73%
NTRS
Northern
97.52
15.19
18.45%
Julius Baer Group Earnings Call Summary
Earnings Call Date:Feb 03, 2025
(Q4-2024)
| % Change Since: -3.12%|
Next Earnings Date:Jul 22, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a mixed performance for Julius Bär in 2024. While the company achieved record assets under management and exceeded cost-saving targets, it struggled with a high cost-income ratio and a significant decline in net interest income. The lack of client re-leveraging poses challenges for future growth. Despite some positive developments, ongoing operational challenges suggest a cautious outlook.Q4-2024 Updates
Positive Updates
Record Assets Under Management
Julius Bär reported record assets under management of nearly CHF 497 billion, driven by CHF 14.2 billion in net inflows, boosted by strong equity markets and currency tailwinds.
Strong Profit and Capital Ratios
The company achieved an adjusted profit before tax of CHF 1.1 billion and a return on CET1 capital of 32%, exceeding their target of 30%. The CET1 capital ratio stood at 17.8%.
Cost Savings Exceeded Targets
The cost reduction program exceeded its initial target, delivering CHF 140 million in gross cost savings. An extension aims to deliver an additional CHF 110 million by the end of 2025.
Negative Updates
High Cost-Income Ratio
The cost-income ratio remains at 70.9%, which is above the target of below 64% set for 2025, indicating ongoing challenges in cost management.
Decline in Net Interest Income
Net interest income declined by 55% to just under CHF 0.4 billion due to a rise in the cost of deposits, despite a 20% increase in interest income on the treasury portfolio.
Limited Re-leveraging
The anticipated re-leveraging of client positions has not yet materialized, impacting growth expectations, with net new money growth expected to be closer to 3% in 2025.
Company Guidance
In the Julius Bär 2024 earnings call, the company provided guidance with a focus on achieving sustainable growth and margin resiliency. The bank reported record assets under management of nearly CHF 0.5 trillion, driven by CHF 14.2 billion in net inflows and strong market conditions. They achieved an adjusted profit before tax of CHF 1.1 billion and a net profit of CHF 1 billion, benefiting from tax impacts. The cost-income ratio stood at 70.9%, indicating room for improvement towards the target of below 64% by 2025. The Chief Executive Officer, Stefan Bollinger, emphasized priorities such as client focus, disciplined entrepreneurship, and streamlining operations. The company announced an extension of their 2023 to 2025 cost program, targeting an additional CHF 110 million in cost savings by 2025. The CET1 capital ratio was reported at 17.8%, with a pro forma impact under Basel III final of 14.2%. The Board proposed a stable dividend of CHF 2.60 per share. Looking ahead, the company plans to maintain momentum in high-quality net new money generation and address operational efficiencies.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.