Vaudoise Assurances Holding S.A. (VAHN.SW)

Vaudoise Assurances Holding S.A. (VAHN.SW) — VMCI valuation read

Headline read on VAHN.SW: VMCI of 59/100 versus a Financial Services sector median of 50. The 9-point above-median position is what makes Vaudoise Assurances Holding S.A. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on VAHN.SW: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on VAHN.SW: value (VAHN.SW trades at 21.0x earnings, 17% above the Financial Services median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Financial Services median (10.0%)), and risk (net debt to EBITDA of 2.1x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Financial Services 12.0x baseline.

VAHN.SW rose 3.0% over the trailing 7 days, with a -13.7% read on a 30-day basis.