Sustainable investment
Sustainable investment
Key figures of bonainvest Holding AG
| Financial statement as per | 30.06.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| KEY FINANCIAL FIGURES | |||
| CHF | CHF | CHF | |
| Balance sheet total after DCF valuation of the properties and companies | 572 366 921 | 573 169 929 | 505 775 954 |
| Unbuilt land | 526 137 | 526 137 | 526 137 |
| Investment properties | 356 215 718 | 356 222 718 | 308 857 529 |
| Properties for sale | 2 655 732 | 4 342 824 | 6 030 481 |
| Properties under construction, work in progress | 192 543 974 | 182 160 807 | 158 351 966 |
| Income from property rentals | 7 753 248 | 13 386 359 | 11 537 751 |
| Property expenditure | 1 001 603 | 1 796 275 | 1 791 580 |
| Property income | 6 751 645 | 11 590 084 | 9 746 171 |
| Income from initial measurement after completion | 0 | 2 875 156 | 6 804 |
| Income from revaluation (subsequent measurement) | 0 | -2 151 484 | -1 353 000 |
| Operation result before interest and tax (EBIT) | 6 708 849 | 12 147 853 | 17 376 392 |
| Result for the period before taxes (EBT) | 3 968 051 | 8 127 139 | 14 195 713 |
| Result for the period | 3 213 278 | 7 080 343 | 13 264 079 |
| Equity capital (excluding proprietary shares) | 278 532 951 | 284 169 401 | 283 062 064 |
| Market capitalisation | 303 389 576 | 303 054 338 | 296 181 978 |
| Equity ratio (including proprietary shares) | 49,21 % | 49,92 % | 56,27 % |
| Return on equity p.a. before tax | 1,39 % | 2,82 % | 4,95 % |
| Return on equity p.a. (ROE) | 1,13 % | 2,46 % | 4,63 % |
| KEY NUMBERS PER SHARE | |||
| Number of shares | Number of shares | Number of shares | |
| Issued shares | 3 352 371 | 3 352 371 | 3 352 371 |
| Shares with voting rights | 3 352 371 | 3 352 371 | 3 352 371 |
| Shares with dividend rights (including proprietary shares) | 3 352 371 | 3 352 371 | 3 352 371 |
| CHF | CHF | CHF | |
| Profit p.a. per share with dividend entitlement | 0 (1) | 2.11 | 3.96 |
| Dividend (or proposed dividend)/Repayment of capital contribution per share in CHF | 0 (1) | 2.00 | 1.90 |
| Equity capital per share (valued at purchase values based on Swiss GAAP FER) | 83.09 | 84.77 | 84.44 |
| Equity capital per share based on DCF valuation | 90.50 | 90.40 | 88.35 |
| Share price as of 1.6.2024 | 90.50 | ||
| (1) to be determined at the end of the year | |||
Investment strategy
At carefully chosen sites, bonainvest Holding invests responsibly for the long-term in properties that are developed and built in compliance with the bonacasa concept. The portfolio is geographically diversified, with no economic region accounting for more than 40% of the total volume. bonainvest Holding offers capital providers an advantageous investment opportunity in rental properties based on the bonacasa concept and generating a gross target yield (2024) of 3.75%.
Shareholding structure
The shareholding structure comprises 156 investors, including prestigious pension funds, insurance companies, foundations and some private investors.
Leading shareholders as at the end of june 2024
| Investor | Anteil |
|---|---|
| CPV/CAP Pensionskasse Coop | 10.95 |
| Migros Pensionskasse | 10.47 |
| F.G. Pfister Holding AG | 6.95 |
| Fonds interprofessionnel de Prévoyance Gebäudeversicherung Bern | 5.55 |
| Gebäudeversicherung Bern | 4.85 |
| Caisse de Prévoyance de l'Etat du Valais CPVAL | 3.53 |
| Previva | 3.51 |
| Ivo Bracher | 3.41 |
| Others | 50.78 |
Shares
The issue price of a new registered share is CHF 90.40 (share price after annual financial results and proposal of the Board of Directors to the General Meeting for profit distribution).
Key data
| Current trading value | CHF 90.40 |
| Share with a par value of | CHF 10.00 |
| Valoren No. | 1107545 |
| ISIN No. | CH0011075451 |
Market capitalisation in CHF million
| Aktienwert Ende | Gegenwert Kapital |
|---|---|
| 2014 | 189.19 |
| 2015 | 215.27 |
| 2016 | 249.75 |
| 2017 | 256.56 |
| 2018 | 264.58 |
| 2019 | 264.58 |
| 2020 | 275.01 |
| 2021 | 293.33 |
| 2022 | 296.18 |
| 2023 | 303.05 |
Tax value per share
| Gross CHF | Net CHF | |
| Tax value 2022 | 81.00 | 56.70 |
| Tax value 2021 | 78.00 | 54.60 |
| Tax value 2020 | 79.50 | 55.65 |
| Tax value 2019 | 76.95 | 53.87 |
| Tax value 2018 | 77.95 | 54.57 |
| Tax value 2017 | 78.00 | 54.60 |
| Tax value 2016 | 78.60 | 55.02 |
| Tax value 2015 | 76.80 | 53.76 |
| Tax value 2014 | 77.60 | 54.32 |
| Tax value 2013 | 77.39 | 54.17 |
| Tax value 2012 | 74.45 | 52.12 |
| Tax value 2011 | 64.00 | 44.80 |
| Tax value 2010 | 54.00 | 37.80 |
Equity ratio
The return on equity capital is between 2 and 2.5% during the development and construction phase of major property projects. After completion, it will be in the order of approx. 3.75%. Thanks to its clear strategy, cautious approach to risk-taking, robust financing and high earning power, bonainvest is well placed to achieve ongoing corporate value growth.
Capital increases
bonainvest Holding makes regular capital increases to finance growth. The last capital increase was implemented on 28 January 2021 with a value of CHF 15.8 million. The equity ratio is 56,27% (as of 31 December 2022).
Dividend policy
bonainvest Holding’s dividend policy and the amount of future dividends depend on a number of factors, including income, the financial situation, need for liquidity, the group’s general business prospects, legal obligations in relation to the distribution of dividends and other factors. Taking all these factors into account, bonainvest Holding aims to achieve a stable dividend distribution. Dividends are paid out tax-free from the reserves from capital contributions.