Stock

VP Bank AG

VPBN.SW
60
Banks · Financial Services
Also trades as: 0RG7.L GBP 0.92 (-1.29%)
Price
CHF 91.50
+0.00 (+0.00%)
Market Cap
CHF 571.6M
Exchange
SIX Swiss Exchange
Winston Score
60
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Oct 8, 2026 · filings through Jun 30, 2026

§How the score breaks down

Bank Quality
Not counted
n/a
Growth
Good
10/20
Capital Strength
Not counted
n/a
Asset Quality
Not counted
n/a
Valuation
Strong
7/10
Ownership
Good
10/15
Dividends
Good
3/5

30 of 50 counted points = Winston Score 60. Pillars marked n/a do not apply to this company and are left out of the total.

Share count rising — dilution

+2.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 6.1M (2021) → 6.2M (2025)

§Winston Score History

The full picture

VP Bank AG is a private bank based in Vaduz, Liechtenstein. It helps wealthy individuals and families manage their money through services like investment advice, wealth planning, and asset management. The bank also works with financial intermediaries — meaning other advisors and smaller firms that bring their own clients to VP Bank for custody and banking services.

VP Bank earns money mainly through fees on assets it manages and through interest income from lending. It operates primarily in Liechtenstein and Switzerland, with additional offices in Luxembourg, Singapore, and the British Virgin Islands, giving it a presence in key wealth management hubs. The bank's main competitive edge is its long-standing focus on private clients and intermediaries in stable, low-tax jurisdictions. However, with a very low return on invested capital of around 0.4%, the key challenge ahead is improving profitability — especially as rising costs and competition from larger private banks put pressure on smaller regional players like VP Bank.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+33.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+12.4% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

CHF 0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

45.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

CHF 11.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

VP Bank AG grew revenue 34% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Bank Quality

Not applicable for this business.

Growth

Sales growth
Sales YoY
+4.8%
Slow sales growth (+4.8% YoY)
Profit growth
EPS YoY
+41.4%
Earnings growing fast (+41.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit
P/E Ratio (TTM)
11.3x
Attractive valuation — P/E 11.3

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.5
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
4.24%
Healthy income — 4.24% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
-10.0%
Dividend cut (-10.0% YoY) — warning sign

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