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Not Investment Advice
Also trades as: HBAN.SW (SIX) · $vol 34M · HELN.SW (SIX) · $vol 16M · HELNF (OTC) · $vol 0M

HLVTY OTC

Helvetia Holding AG
1W: +0.0% 1M: +0.0% 3M: -5.1% YTD: +0.7% 1Y: +52.5% 3Y: +70.5%
$6.19
+0.00 (+0.00%)
 
OTC · Financial Services · Insurance - Diversified · Tech Score Sell · Power 42 · $13.1B mcap · 35M float · 0.0007% daily turnover · Short 77% of daily vol
Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings
Analysis Technicals Weather Peers ESG Institutions Dark Pool Short Interest

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
Analyst Recommendations
Strong Buy: 0Buy: 0Hold: 2Sell: 0Strong Sell: 0
Rating Summary
ConsensusHold
Avg Target$—
Analysts0

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B
Oct 02, 2026
DCF
5
ROE
2
ROA
4
D/E
2
P/E
1
P/B
2
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. HLVTY receives an overall rating of B. Strongest factors: DCF (5/5), ROA (4/5). Areas of concern: ROE (2/5), D/E (2/5), P/E (1/5), P/B (2/5).
Rating Change History
DateFromTo
2026-10-03 None ADDED
2026-10-03 EXISTED None
2026-09-29 None ADDED
2026-09-27 EXISTED None
2026-09-23 None ADDED
2026-09-23 EXISTED None
2026-09-19 None ADDED
2026-09-19 EXISTED None
2026-09-15 None ADDED
2026-09-13 EXISTED None

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade D
Profitability
22
Balance Sheet
52
Earnings Quality
64
Growth
76
Value
—
Momentum
69
Safety
—
Cash Flow
21

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-I Score
1.86
Grey Zone
Piotroski F-Score
3/9
✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓
Beneish M-Score
0.22
Possible Manipulator
Ohlson O-Score
-6.47
Bankruptcy prob: 0.2%
Low Risk
Credit Rating
BBB
Score: 55.5/100
Trend: Deteriorating
Earnings Quality
25/100
OCF/NI: 0.27x
Accruals: 0.6%
The Altman-I Score is adapted for insurance companies, emphasizing return on equity, tangible net worth, and cash reserves alongside the standard equity and earnings components. HLVTY scores 1.86, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. HLVTY scores 3/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. HLVTY's score of 0.22 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. HLVTY's implied 0.2% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. HLVTY receives an estimated rating of BBB (score: 55.5/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). HLVTY's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
25.22x
PEG
2.52x
P/S
1.10x
P/B
1.67x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$3.88
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 25.2x earnings, HLVTY commands a growth premium. Graham's intrinsic value formula yields $3.88 per share, 60% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.722
NI / EBT
×
Interest Burden
0.827
EBT / EBIT
×
EBIT Margin
0.052
EBIT / Rev
×
Asset Turnover
0.272
Rev / Assets
×
Equity Multiplier
12.833
Assets / Equity
=
ROE
10.7%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. HLVTY's ROE of 10.7% is driven by financial leverage (equity multiplier: 12.83x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
$1.85
Price/Value
—
Margin of Safety
—
Premium
—
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with HLVTY's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. HLVTY trades at a premium to its adjusted intrinsic value of $1.85, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 25.2x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 848 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$6.19
Median 1Y
$6.76
5th Pctile
$3.26
95th Pctile
$14.01
Ann. Volatility
43.3%
25th–75th percentile 5th–95th percentile Median path Historical
All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
ROE 7.3% 7.4% 13.7% 18.5% 22.5% 12.0% 10.7% 10.74%
ROA 0.4% 0.5% 0.9% 1.3% 1.4% 1.0% 0.8% 0.84%
ROIC -0.8% 12.2% -2.5% 18.9% -3.5% 8.4% 5.8% 5.76%
ROCE 0.7% 0.9% 1.5% 2.2% 2.1% 3.2% 1.0% 0.99%
Gross Margin 1.0% 1.0% 1.2% 74.9% 1.0% 1.0% 37.3% 37.32%
Operating Margin 6.9% 1.7% 5.3% 3.7% 9.1% 4.7% 1.5% 1.55%
Net Margin 4.6% 0.8% 5.0% 3.8% 6.2% 4.3% 0.6% 0.64%
EBITDA Margin 9.7% 3.5% 8.2% 7.4% 0.0% 7.9% 9.9% 9.93%
FCF Margin -1.1% 4.6% -0.4% 0.0% 0.8% 1.2% 0.3% 0.32%
OCF Margin -0.2% 8.4% 2.6% 2.2% 2.9% 1.9% 0.8% 0.83%
ROIC Economic snapshot only 4.67%
Cash ROA snapshot only 0.16%
Cash ROIC snapshot only 1.56%
CROIC snapshot only 0.60%
NOPAT Margin snapshot only 3.05%
Pretax Margin snapshot only 4.27%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 0.00%
SBC / Revenue snapshot only 0.01%
Valuation
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
P/E Ratio — — — — — — — 25.215
P/S Ratio — — — — — — — 1.096
P/B Ratio — — — — — — — 1.665
P/FCF — — — — — — — —
P/OCF — — — — — — — —
EV/EBITDA — — — — — — — —
EV/Revenue — — — — — — — —
EV/EBIT — — — — — — — —
EV/FCF — — — — — — — —
Earnings Yield — — — — — — — —
FCF Yield — — — — — — — —
PEG Ratio snapshot only 2.518
Graham Number snapshot only $3.88
Leverage & Solvency
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Current Ratio 2.13 0.79 1.05 2.44 — 0.07 — —
Quick Ratio 2.13 0.79 1.05 2.44 — 0.07 — —
Debt/Equity 0.86 0.52 0.68 0.48 0.61 0.33 0.54 0.544
Net Debt/Equity -12.20 -0.20 -7.03 -0.02 -7.05 -0.14 0.21 0.213
Debt/Assets 0.05 0.03 0.04 0.03 0.04 0.03 0.05 0.046
Debt/EBITDA 5.49 2.89 2.37 1.28 2.36 3.40 3.30 3.301
Net Debt/EBITDA -78.30 -1.12 -24.68 -0.07 -27.09 -1.45 1.30 1.296
Interest Coverage 42.34 8.19 6.41 5.98 4.81 8.58 6.96 6.959
Equity Multiplier 17.31 15.53 15.71 14.74 15.15 10.87 11.93 11.928
Debt Service Coverage snapshot only 9.707
Cash to Debt snapshot only 0.607
FCF to Debt snapshot only 0.013
Defensive Interval snapshot only 118.8 days
Efficiency & Turnover
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Asset Turnover 0.09 0.17 0.25 0.35 0.35 0.21 0.27 0.272
Inventory Turnover — — — — — — — —
Receivables Turnover — — — 78.97 — 55.52 29.22 29.221
Payables Turnover — 0.00 -3.35 — — 0.91 48.30 48.297
DSO 0 0 0 5 0 7 12 12.5 days
DIO — — — 0 0 0 0 0.0 days
DPO — — — 0 0 403 8 7.6 days
Cash Conversion Cycle — — — 5 0 -396 5 4.9 days
Fixed Asset Turnover snapshot only 18.212
Cash Velocity snapshot only 6.937
Capital Intensity snapshot only 5.207
Growth (YoY)
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue — — — — 2.8% 1.2% 87.3% 87.30%
Net Income — — — — 2.3% 2.7% 63.6% 63.57%
EPS — — — — 2.3% 2.6% -12.6% -12.64%
FCF — — — — 3.9% -43.2% 2.7% 2.65%
EBITDA — — — — 96.0% 93.1% 84.2% 84.17%
Op. Income — — — — 1.7% 1.7% 57.8% 57.85%
OCF Growth snapshot only -40.69%
Asset Growth snapshot only 1.42%
Equity Growth snapshot only 2.18%
Debt Growth snapshot only 1.56%
Shares Change snapshot only 87.23%
Dividend Growth snapshot only -5.52%
Growth Quality
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue Stability — — — — — — — —
Earnings Stability — — — — — — — —
Margin Stability — — — — — — — —
Rev. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.500
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.500
FCF Positive Streak 0 0 0 0 0 1 0 0
Earnings Persistence — — — — — — — —
Earnings Smoothness — — — — 0.00 0.00 0.52 0.518
ROE Trend — — — — — — — —
Gross Margin Trend — — — — — — — —
FCF Margin Trend — — — — — — — —
Sustainable Growth Rate -2.0% -0.9% -3.4% 2.6% 3.4% 3.7% -3.7% -3.72%
Internal Growth Rate — — — 0.2% 0.2% 0.3% — —
Cash Flow Quality
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
OCF/Net Income -0.03 2.97 0.74 0.62 0.74 0.41 0.27 0.269
FCF/OCF 7.13 0.55 -0.14 0.02 0.28 0.61 0.38 0.381
FCF/Net Income snapshot only 0.103
OCF/EBITDA snapshot only 0.115
CapEx/Revenue 0.9% 1.1% 1.2% 0.9% 0.8% 0.8% 0.5% 0.51%
CapEx/Depreciation snapshot only 0.147
Accruals Ratio 0.00 -0.01 0.00 0.00 0.00 0.01 0.01 0.006
Sloan Accruals snapshot only 0.048
Cash Flow Adequacy snapshot only 0.178
Earnings Quality Score snapshot only 0.250
Dividends & Buybacks
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Dividend Yield — — — — — — — 3.76%
Dividend/Share $0.15 $0.15 $0.31 $0.31 $0.33 $0.34 $0.29 $0.19
Payout Ratio 1.3% 1.1% 1.2% 86.1% 84.9% 69.1% 1.3% 1.35%
FCF Payout Ratio — 68.9% — 65.8% 4.1% 2.7% 13.1% 13.13%
Total Payout Ratio 1.4% 1.2% 1.3% 92.4% 90.0% 74.3% 1.5% 1.46%
Div. Increase Streak 0 0 0 0 1 1 1 0
Chowder Number — — — — — — — —
Buyback Yield — — — — — — — —
Net Buyback Yield — — — — — — — —
Total Shareholder Return — — — — — — — —
DuPont Factors
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Tax Burden (NI/EBT) 0.74 0.77 0.76 0.77 0.77 0.76 0.72 0.722
Interest Burden (EBT/EBIT) 0.79 0.72 0.76 0.78 0.85 0.86 0.83 0.827
EBIT Margin 0.08 0.05 0.06 0.06 0.06 0.07 0.05 0.052
Asset Turnover 0.09 0.17 0.25 0.35 0.35 0.21 0.27 0.272
Equity Multiplier 17.31 15.53 15.71 14.74 16.15 11.89 12.83 12.833
Per Share
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
EPS (Diluted TTM) $0.12 $0.13 $0.25 $0.36 $0.39 $0.49 $0.22 $0.22
Book Value/Share $1.59 $1.80 $1.81 $1.96 $1.85 $6.37 $3.08 $3.15
Tangible Book/Share $0.84 $1.06 $1.07 $1.22 $1.13 $2.48 $1.18 $1.18
Revenue/Share $2.56 $4.74 $7.05 $10.04 $9.71 $10.35 $7.05 $4.66
FCF/Share $-0.03 $0.22 $-0.03 $0.00 $0.08 $0.12 $0.02 $0.06
OCF/Share $-0.00 $0.40 $0.18 $0.23 $0.29 $0.20 $0.06 $0.07
Cash/Share $20.82 $1.31 $13.95 $0.99 $14.21 $3.04 $1.02 $1.02
EBITDA/Share $0.25 $0.32 $0.52 $0.74 $0.48 $0.63 $0.51 $0.51
Debt/Share $1.36 $0.94 $1.22 $0.95 $1.14 $2.13 $1.67 $1.67
Net Debt/Share $-19.45 $-0.37 $-12.73 $-0.05 $-13.07 $-0.91 $0.66 $0.66
Academic Models
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Altman-I Score — — — — — — — 1.860
Piotroski F-Score 2 4 3 3 5 5 3 3
Beneish M-Score — — — — -2.55 -1.74 0.22 0.224
Ohlson O-Score snapshot only -6.469
ROIC (Greenblatt) snapshot only 19.27%
Net-Net WC snapshot only $-32.08
EVA snapshot only $-626760695.57
Credit
Metric Trend Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Credit Rating snapshot only BBB
Credit Score 80.15 60.10 69.90 71.85 70.95 54.70 55.50 55.500
Credit Grade snapshot only 9
Credit Trend snapshot only -14.400
Implied Spread (bps) snapshot only 275.000

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