Compagnie Financiere Tradition SA

Compagnie Financiere Tradition SA

246.50
CHF
+0.50
(+0.20%)
2.30BMarket Cap
Mar 19Next 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
119.25
113.77
109.91
113.01
111.1
120.3
125.16
121.69
115.56
124.56
132.29
137.29
145.92
- -
Basic EPS, GAAP
2.11
3.76
5.46
7.09
6.42
6.9
8.19
9.56
8.63
11.72
12.71
15.09
17.55
- -
Free Cash Flow per Basic Share
1.29
5.82
3.42
5.17
3.37
-5.27
10.54
11.51
7.63
17.08
15.35
13.09
12.48
- -
Dividend per Share
0.36
2.23
0.38
3.25
4.08
4.64
4.74
4.81
4.91
4.97
5.48
6.04
6.77
- -
Book Value per Share
38.13
46.59
47.45
50.11
52.09
51.94
53.08
51.64
53.65
55.66
52.81
62.91
64.26
64.89
Tangible Book Value per Share
31.56
40.05
41.14
43.11
44.61
45.04
46.83
45.72
48.03
49.81
46.27
56.63
57.83
58.16
Basic Weighted Avg Shares
7
7
7
7
7
7
7
7
8
8
7
8
8
8
Sales/Revenue/Turnover
874
837
815
803
802
885
924
903
874
947
982
1,052
1,116
- -
Operating Margin (%)
3.71
4.92
7.3
7.5
7.87
6.52
7.08
9.29
6.87
9.94
10.74
11.92
14.47
- -
Depreciation Expense
18
17
16
15
13
15
28
29
27
27
23
23
21
- -
Net Income, GAAP
15
28
40
50
46
51
60
71
65
89
94
116
134
- -
Effective Tax Rate (%)
35.58
28.67
25.4
22.24
25.23
21.78
11.16
14.18
15.87
18.86
20.55
19.66
22.06
- -
Profit Margin (%)
1.77
3.31
4.97
6.27
5.78
5.74
6.54
7.86
7.47
9.41
9.61
10.99
12.03
- -
Working Capital
225
236
273
365
374
368
367
382
366
381
391
431
430
432
LT Debt
119
120
129
238
239
239
292
289
255
256
242
208
231
231
Total Equity
333
354
370
380
398
401
416
408
430
443
426
506
512
514
Return on Invested Capital (%)
4.03
5.66
7.63
7.39
7.33
6.75
7.47
9
7.89
9.83
11.72
12.9
15.28
- -
Return on Capital (%)
2.26
5.4
7.28
8.59
7.7
7.83
8.61
9.71
8.7
11.6
13.36
14.82
16.36
- -
Return on Common Equity (%)
5.37
8.88
11.58
13.95
12.4
13.25
15.49
18.05
16.38
21.62
22.98
26.03
27.59
- -

Capital Structure

CHF

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
149
26
14
LT Borrowings
179
180
180
LT Finance Leases
24
51
52
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
1,678
2,187
2,296

Working Capital

CHF

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
1,421
823
1,326
Cash, Cash Equivalents & STI
479
358
328
Accounts Receivable, Net
802
331
842
Inventories
- -
- -
- -
Total Current Liabilities
1,012
393
894
Payables & Accruals
- -
- -
- -
ST Debt
149
26
14
Deferred Revenue
- -
- -
- -

Growth Rates

CHF

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.45%
4.9%
1.1%
Free Cash Flow
-47.51%
12.75%
-4.81%
Net Income, GAAP
13.55%
14.6%
16.07%
Sales/Revenue/Turnover
3.3%
4.41%
6.1%
Total Cash Common Dividend
81.09%
7.82%
11.96%

Semi-annual Revenue

CHF

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,052
2025
- -
- -
1,116
2026
- -
- -
- -

Semi-annual Earnings Per Share

CHF

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
15.09
2025
- -
- -
17.55
2026
- -
- -
- -

Semi-annual Dividends Per Share

CHF

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
6.04
2025
- -
- -
6.77
2026
- -
- -
- -

Company Description

CEO
Patrick Combes
Full Time Employees
2,500
Sector
Finance
Industry
Investment banks/Brokers
Address
11, rue de Langallerie Lausanne VD Switzerland 1003
IPO Date
May 25, 2012
Business
Compagnie Financière Tradition SA, founded in 1959 and headquartered in Lausanne, Switzerland, operates as a leading global interdealer broker, acting as a marketplace and intermediary that facilitates transactions between financial institutions and professional traders in over-the-counter financial and commodity-related products. The company, listed on the SIX Swiss Exchange under ticker CFT.SW since 1973, provides brokerage services across money markets, interest rate and currency derivatives including basis swaps, inflation products, overnight index swaps, options and swaps; equities and equity derivatives such as cash and preferred equities, ETFs, single-stock options, delta-one products, exotics, post-reorg equities, index variance and equity finance swaps, dividend swaps; bonds and repurchase agreements encompassing asset swaps, credit, floating rate notes, futures and options, mortgages, securities, corporate, covered and government bonds; credit derivatives; and commodity-related markets featuring derivatives in oil, natural gas, power, coal, weather, emissions, precious metals, pulp and paper, property, LNG, petroleum, LPG, refined products, soft commodities and renewable energy credits. Through its primary brand Tradition and electronic platforms like Trad-X for interest rate swaps and Bonds.com (formerly MTS Markets International Inc., acquired in December 2022) for corporate bonds, it serves over 7,500 institutional clients including investment banks, commercial banks, hedge funds, asset managers and corporations via a network of approximately 1,500 brokers across more than 30 countries spanning Europe, Americas, Asia-Pacific, Middle East and Africa. Majority-owned by VIEL & Cie since 1996, the firm has expanded primarily through organic growth while enhancing its hybrid execution capabilities with proprietary technology investments; in 2024, it reported record revenue of CHF 1,132.8 million (up 11.0% at constant exchange rates), net profit attributable to shareholders of CHF 115.6 million (up 27.0%), initiated a share buyback program of up to 300,000 shares in August 2023 (ongoing until May 2026), and proposed a dividend of CHF 6.75 per share at the May 2025 Annual General Meeting, reflecting strong operational leverage amid monetary policy shifts and market volatility. In the first half of 2025, revenue grew 12.3% at constant exchange rates to CHF 632.1 million, underscoring sustained momentum across regions and asset classes.