Sustainable investment
Sustainable investment
Key figures of bonainvest Holding AG
| Financial statement as per | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|
| KEY FINANCIAL FIGURES | |||
| CHF | CHF | CHF | |
| Balance sheet total after DCF valuation of the properties and companies | 460 640 893 | 428 647 318 | 416 131 277 |
| Unbuilt land | 526 137 | 526 137 | 526 137 |
| Investment properties | 296 940 829 | 286 814 829 | 253 591 111 |
| Properties for sale | 20 701 907 | 38 770 943 | 55 174 630 |
| Properties under construction, work in progress | 102 483 661 | 65 219 036 | 75 877 045 |
| Income from property rentals | 11 157 743 | 10 327 495 | 9 082 910 |
| Property expenditure | 1 785 916 | 1 702 059 | 1 752 778 |
| Property income | 9 371 827 | 8 625 436 | 7 330 132 |
| Operation result before interest and tax (EBIT) | 11 032 109 | 9 831 377 | 11 678 983 |
| Result for the period before taxes (EBT) | 10 027 675 | 9 276 353 | 9 646 057 |
| Result for the period | 8 544 814 | 7 467 844 | 6 906 228 |
| Equity capital (excluding proprietary shares) | 276 251 847 | 259 339 543 | 246 967 308 |
| Market capitalisation | 293 332 463 | 275 008 431 | 264 581 150 |
| Equity ratio (including proprietary shares) | 60,25% | 60,59% | 59,57% |
| Return on equity p.a. before tax | 3,59% | 3,56% | 3,87% |
| Return on equity p.a. (ROE) | 3,06% | 2,87% | 2,77% |
| KEY NUMBERS PER SHARE | |||
| Number of shares | Number of shares | Number of shares | |
| Issued shares | 3 352 371 | 3 170 126 | 3 076 525 |
| Shares with voting rights | 3 352 371 | 3 170 126 | 3 076 525 |
| Shares with dividend rights (including proprietary shares) | 3 352 371 | 3 170 126 | 3 076 525 |
| CHF | CHF | CHF | |
| Profit p.a. per share with dividend entitlement | 2.55 | 2.36 | 2.25 |
| Dividend (or proposed dividend)/Repayment of capital contribution per share in CHF | 1.70 | 1.60 | 1.50 |
| Equity capital per share (valued at purchase values based on Swiss GAAP FER) | 82.40 | 81.80 | 80.28 |
| Equity capital per share based on DCF valuation | 87.50 (1) | 86.75 | 86.00 |
| Share price as of 1.5.2022 | 88.35 (2) | ||
| (1) Trade course from May 1st 2021 — (2) Share price after annual financial results and proposal of the Board of Directors to the General Meeting for profit distribution | |||
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%.
bonacasa invests in Smart Living solutions to further extend its market leadership for networked living in properties built by bonainvest and the housing stock of its business clients.
Shareholding structure
The shareholding structure comprises 153 investors, including prestigious pension funds, insurance companies, foundations and some private investors.
Leading shareholders as at Decembre 31st 2021
| Investor | Anteil |
|---|---|
| CPV/CAP Pensionskasse Coop | 10.95 |
| Migros Pensionskasse | 10.47 |
| F.G. Pfister Holding AG | 6.20 |
| Gebäudeversicherung Bern | 4.85 |
| Fonds interprofessionnel de Prévoyance | 4.84 |
| Caisse de Prévoyance de l'Etat du Valais CPVAL | 3.53 |
| Previva | 3.51 |
| Ivo Bracher | 3.40 |
| Others | 52.25 |
Shares
The issue price of a new registered share is CHF 88.35 (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 88.35 |
| Share with a par value of | CHF 10.00 |
| Valoren No. | 1107545 |
| ISIN No. | CH0011075451 |
Market capitalisation in CHF million
| Aktienwert Ende | Gegenwert Kapital |
|---|---|
| 2011 | 112.17 |
| 2012 | 151.37 |
| 2013 | 189.19 |
| 2014 | 215.27 |
| 2015 | 249.75 |
| 2016 | 256.56 |
| 2017 | 264.58 |
| 2018 | 264.58 |
| 2019 | 275.00 |
| 2020 | 290.80 |
| 2021 | 296.90 |
Tax value per share (Extract from the Financial Report 2021)
| Gross CHF | Net CHF | |
| 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 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 60,25% (as of 31 December 2021).
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.
Agenda
| May 23, 2022 | General Assembly bonainvest Holding AG |