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Bellevue Group AG

Bellevue Group AG

6.62
CHF
+0.02
(+0.30%)
91.12MMarket Cap
Mar 02Next Earn
Bellevue Group AG
SIX:BBN
(SIX Swiss Exchange)

Recent

price

6.62

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CHF
4.92
3.39
3.47
3.41
4.5
6.46
5.59
7.24
6.93
7.66
8.17
10.72
8.11
6.39
5.38
3.96
- -
Revenue per Share
0.14
-5.83
0.57
0.59
1
-0.07
-0.05
1.6
1.49
1.05
1.67
3.24
1.9
1.15
0.69
0.14
- -
Basic EPS, GAAP
-16.12
0.53
9.71
-6.85
-1.03
-3.71
2.63
1.73
2.92
-1.36
11.08
5.23
2.05
0.67
0.39
1.42
- -
Free Cash Flow per Basic Share
- -
3.77
3.17
1.9
0.94
0.95
0.83
1
1.11
1.1
4.03
3.98
2.69
1.99
1.14
0.7
- -
Dividend per Share
26.54
16.92
14.4
13.49
13.47
12.55
11.8
13.21
14.72
14.81
12.4
11.02
10.13
9.31
8.92
8.74
8.77
Book Value per Share
16.73
11.64
9.33
8.62
7.51
8.85
6.59
7.85
9.62
10.04
8.47
7.45
6.7
6.03
5.76
6.15
6.19
Tangible Book Value per Share
11
11
11
11
11
11
13
13
13
13
13
13
13
13
13
13
13
Basic Weighted Avg Shares
55
38
38
38
50
71
71
97
93
103
109
143
108
85
71
53
- -
Sales/Revenue/Turnover
- -
-22.86
-2.38
-3.51
8.12
18.45
12.01
22.52
27.26
36.03
37.02
39.94
36.83
23.58
16.66
6.68
- -
Operating Margin (%)
- -
4
3
3
6
5
3
3
6
5
5
4
4
4
4
4
- -
Depreciation Expense
2
-65
6
6
11
-1
-1
22
20
14
22
43
25
15
9
2
- -
Net Income, GAAP
47.07
- -
9.67
7.77
4.12
259.14
142.45
22.05
12.64
30.19
27.82
19.64
18.89
24.05
23.59
45.96
- -
Effective Tax Rate (%)
2.8
-171.79
16.4
17.26
22.22
-1.15
-0.92
22.11
21.52
13.66
20.42
30.2
23.46
18
12.86
3.58
- -
Profit Margin (%)
- -
9
67
74
52
67
99
86
71
134
111
100
85
71
64
63
65
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
5
2
1
2
1
17
15
14
LT Debt
295
188
160
149
150
136
159
177
197
198
166
147
134
122
119
117
117
Total Equity
- -
- -
22.92
26.36
35.83
-87.06
-19.94
44.97
13.9
13.4
11.51
26.41
21.96
11.43
6.58
1.4
- -
Return on Invested Capital (%)
0.49
- -
3.64
4.23
7.51
-0.76
-0.5
12.87
10.69
7.01
11.92
27
17.7
11.62
7.06
1.51
- -
Return on Capital (%)
0.49
-26.81
3.57
4.19
7.42
-0.57
-0.44
12.8
10.68
7.1
12.25
27.57
18.04
11.88
7.6
1.6
- -
Return on Common Equity (%)

Capital Structure

CHF

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
2
2
2
LT Borrowings
- -
- -
- -
LT Finance Leases
16
15
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
13
Market Capitalization
101
135
91

Working Capital

CHF

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
70
80
77
Cash, Cash Equivalents & STI
56
65
64
Accounts Receivable, Net
5
5
4
Inventories
- -
- -
- -
Total Current Liabilities
14
17
12
Payables & Accruals
- -
- -
- -
ST Debt
2
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

CHF

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.95%
-6.66%
-1.31%
Free Cash Flow
-115.53%
8.91%
267.79%
Net Income, GAAP
-350.55%
-21.45%
-79.41%
Sales/Revenue/Turnover
-0.74%
-11.44%
-26.02%
Total Cash Common Dividend
- -
-28.31%
-38.57%

Semi-annual Revenue

CHF

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
71
2025
- -
- -
53
2026
- -
- -
- -

Semi-annual Earnings Per Share

CHF

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.69
2025
- -
- -
0.14
2026
- -
- -
- -

Semi-annual Dividends Per Share

CHF

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.14
2025
- -
- -
0.7
2026
- -
- -
- -
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Business
Bellevue Group AG (BBN.SW) is an independent Swiss asset manager focused on specialized equity strategies in healthcare, small and mid-cap companies, and growth themes. The company offers a range of active investment products including healthcare solutions in biotech, medtech, thematic healthcare, global and regional healthcare funds; small and mid-cap equity strategies such as Bellevue Entrepreneur Europe Small; private markets investments via growth equity in SMEs; and recent launches like the AI Health Fund, Obesity Solutions Fund, and the first active healthcare ETF. It operates through boutique units including Bellevue Asset Management AG and provides services to institutional and private clients across Switzerland, Germany, the United Kingdom, Asia Pacific, and internationally, with assets under management around CHF 6.9 billion. Founded in 1993 and headquartered in Zurich, Switzerland, Bellevue Group AG maintains offices in Zug, New York, Frankfurt, London, Singapore, and Madrid to support its global reach. The firm targets fast-growing sectors requiring active management, emphasizing entrepreneurial investments and owner-operated companies in regions like DACH (Germany, Austria, Switzerland). Recent developments include the launch of its first active ETF focused on healthcare stocks in September 2025; recruitment of two experienced healthcare analysts in November 2025 to bolster research; sale of private equity boutique adbodmer AG via management buy-out in October 2025 to sharpen its business model; establishment of a Singapore subsidiary in January 2025 to expand in Asia; appointment of a new Investment Manager for Bellevue Healthcare Trust and streamlining of UK activities in October 2025; relocation to its founding location in Zurich's Bellevue district in November 2024; and leadership changes such as Gebhard Giselbrecht as CEO in 2023 with further executive adjustments in 2025.