GAM Holding AG

GAM Holding AG

BBX:GAD
0.07
CHF
+0.01
(+7.69%)
Feb 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.85
4.61
4.63
3.95
4.77
4.7
3.75
3.03
2.88
2.04
1.49
0.62
0.06
- -
Basic EPS, GAAP
0.83
0.7
0.59
0.58
0.54
-4.05
-0.02
-1.7
-0.1
-1.27
-0.36
-0.3
-0.07
- -
Free Cash Flow per Basic Share
1.23
0.87
0.83
0.29
0.59
0.43
0.05
-0.08
-0.07
-0.33
-0.23
-0.29
-0.06
- -
Dividend per Share
0.34
0.45
0.45
0.45
0.45
0.45
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
8.07
8.14
8.14
8.03
8.4
3.9
3.86
2.08
2.11
0.7
0.29
0.09
0.03
0.01
Tangible Book Value per Share
2.32
2.3
2.11
0.47
0.27
0.69
0.71
0.78
0.76
0.33
0.07
0.05
-0.01
-0.03
Basic Weighted Avg Shares
238
237
233
230
229
226
227
228
227
228
230
261
1,069
1,091
Sales/Revenue/Turnover
1,155
1,090
1,080
908
1,091
1,063
851
691
655
465
343
163
69
- -
Operating Margin (%)
20
18.9
18.28
12.63
12.31
4.18
0.09
-2.94
-3.33
-10.47
-16.6
-43.9
-106.26
- -
Depreciation Expense
19
8
10
19
38
41
29
29
20
18
17
14
9
- -
Net Income, GAAP
197
166
138
134
123
-917
-3
-388
-23
-290
-82
-77
-74
- -
Effective Tax Rate (%)
10.13
18.94
21.38
- -
16.87
- -
391.67
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
17.04
15.21
12.81
14.79
11.29
-86.22
-0.41
-56.21
-3.56
-62.37
-23.91
-47.39
-108.01
- -
Working Capital
601
626
566
317
338
231
232
204
159
92
67
56
28
24
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
37
- -
40
61
Total Equity
1,920
1,916
1,876
1,844
1,913
881
875
474
479
159
66
100
30
12
Return on Invested Capital (%)
10.24
8.33
7.18
- -
5.61
- -
0.17
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
10.07
8.5
7.38
- -
6.92
- -
-7.21
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
10.32
8.66
7.3
7.22
6.56
-65.61
-0.4
-57.59
-4.89
-91.01
-72.91
-92.9
-114.68
- -

Capital Structure

CHF

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
17
40
61
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,074
1,074
1,103
Market Capitalization
106
221
- -

Working Capital

CHF

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
62
61
51
Cash, Cash Equivalents & STI
43
40
27
Accounts Receivable, Net
4
7
4
Inventories
- -
- -
- -
Total Current Liabilities
27
33
27
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CHF

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-24.25%
-28.81%
-70.34%
Free Cash Flow
5.71%
76.76%
-19.02%
Net Income, GAAP
1,101.13%
193.82%
-3.89%
Sales/Revenue/Turnover
-20.78%
-34.15%
-57.83%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CHF

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
163
2025
- -
- -
69
2026
- -
- -
- -

Semi-annual Earnings Per Share

CHF

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.3
2025
- -
- -
-0.07
2026
- -
- -
- -

Semi-annual Dividends Per Share

CHF

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Albert Saporta
Full Time Employees
226
Sector
Finance
Industry
Investment managers
Address
Hardstrasse 201 Zurich ZH Switzerland 8037
IPO Date
Jun 21, 2010
Website
gam.com
Business
GAM Holding AG operates as an independent, pure-play asset management company headquartered in Zurich, Switzerland. Founded in 1983, the company delivers active investment solutions and products primarily to institutions, financial intermediaries, private investors, and family offices. GAM's core offerings include equity and fixed income portfolios; multi-asset investment management; specialist active strategies; alternatives investment capabilities; and wealth management services. It also provides private labeling services, including fund administration and management company services, supporting third-party asset managers. The company operates across 15 countries globally, managing CHF 12.7 billion in assets under management as of mid-2025. Recently, GAM has undergone significant strategic transformation focused on becoming a focused, client-centric, and profitable pure-play investment management firm. In November 2024, GAM completed a CHF 100 million fully underwritten capital increase via a rights issue, led by major shareholder NJJ Holding SA, to strengthen financial stability and fund growth initiatives. The company has divested its Fund Management Services unit to Carne Group as of February 2024, narrowing its business scope to investment management and wealth management while expanding distribution reach and diversifying into higher-margin alternatives. In 2024, GAM launched its GAM LSA Private Shares strategy in Europe to provide access to late-stage private equity funds, exemplifying its push into alternatives. The firm is actively pursuing M&A opportunities and strategic partnerships in 2025 to enhance its offerings and attract top talent. GAM Holding AG’s business segments include Investment Management, Wealth Management, and previously Fund Management Services until its recent divestiture. Its client base spans institutional investors, financial intermediaries, family offices, and private clients worldwide. The company is publicly listed on the SIX Swiss Exchange under the ticker GAM since its spin-off and independent listing in 2009 after separation from Julius Baer Group. The ongoing strategic focus revolves around amplifying core active strategies, cost optimization, and expanding specialized alternative investment products to drive sustainable growth and profitability. This positions GAM as a specialized asset manager with a growing emphasis on alternatives and private equity access alongside traditional active equity and fixed income management within a global footprint and a refreshed financial and operational structure. The company continues to build on its legacy since founding by innovator Gilbert de Botton, evolving as a nimble, client-focused asset manager with strong governance and strategic momentum for future growth.