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GAM Holding AG
Buy, Hold or Sell?

Let's analyse Gam together

PenkeI guess you are interested in GAM Holding AG. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of GAM Holding AG. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Gam (30 sec.)










What can you expect buying and holding a share of Gam? (30 sec.)

How much money do you get?

How much money do you get?
£0.00
When do you have the money?
1 year
How often do you get paid?
42.9%

What is your share worth?

Current worth
£0.96
Expected worth in 1 year
£-7.44
How sure are you?
42.9%

+ What do you gain per year?

Total Gains per Share
£-8.41
Return On Investment
-2,012.3%

For what price can you sell your share?

Current Price per Share
£0.42
Expected price per share
£0.4178 - £0.4178
How sure are you?
50%

1. Valuation of Gam (5 min.)




Live pricePrice per Share (EOD)

£0.42

Intrinsic Value Per Share

£-9.15 - £-11.01

Total Value Per Share

£-8.19 - £-10.05

2. Growth of Gam (5 min.)




Is Gam growing?

Current yearPrevious yearGrowGrow %
How rich?$190m$603.7m-$413.7m-217.7%

How much money is Gam making?

Current yearPrevious yearGrowGrow %
Making money-$365.9m-$29.3m-$336.5m-92.0%
Net Profit Margin-175.3%-10.3%--

How much money comes from the company's main activities?

3. Financial Health of Gam (5 min.)




What can you expect buying and holding a share of Gam? (5 min.)

Welcome investor! Gam's management wants to use your money to grow the business. In return you get a share of Gam.

What can you expect buying and holding a share of Gam?

First you should know what it really means to hold a share of Gam. And how you can make/lose money.

Speculation

The Price per Share of Gam is £0.4178. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Gam.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Gam, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is £0.96. Based on the TTM, the Book Value Change Per Share is £-2.10 per quarter. Based on the YOY, the Book Value Change Per Share is £0.04 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is £0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Gam.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 £% of Price per Share£% of Price per Share£% of Price per Share£% of Price per Share£% of Price per Share
Usd Eps-2.34-560.4%-2.34-560.4%-0.19-45.1%-2.63-629.3%-1.58-377.8%
Usd Book Value Change Per Share-2.65-634.8%-2.65-634.8%0.0511.8%-2.76-659.8%0.1741.6%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.1739.6%0.3685.2%
Usd Total Gains Per Share-2.65-634.8%-2.65-634.8%0.0511.8%-2.59-620.3%0.53126.7%
Usd Price Per Share1.17-1.17-1.71-2.80-4.83-
Price to Earnings Ratio-0.50--0.50--9.06--27.17--16.58-
Price-to-Total Gains Ratio-0.44--0.44-34.55--3.92-0.71-
Price to Book Ratio0.97-0.97-0.44-0.66-0.66-
Price-to-Total Gains Ratio-0.44--0.44-34.55--3.92-0.71-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.52718004
Number of shares1896
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.17
Usd Book Value Change Per Share-2.65-2.76
Usd Total Gains Per Share-2.65-2.59
Gains per Quarter (1896 shares)-5,028.32-4,913.55
Gains per Year (1896 shares)-20,113.26-19,654.22
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-20113-201231254-20908-19664
20-40227-402362507-41816-39318
30-60340-603493761-62723-58972
40-80453-804625014-83631-78626
50-100566-1005756268-104539-98280
60-120680-1206887521-125447-117934
70-140793-1408018775-146355-137588
80-160906-16091410029-167262-157242
90-181019-18102711282-188170-176896
100-201133-20114012536-209078-196550

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%0.05.00.00.0%2.05.00.028.6%2.05.00.028.6%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%1.04.00.020.0%2.04.01.028.6%2.04.01.028.6%
Dividend per Share0.00.01.00.0%0.00.03.00.0%1.00.04.020.0%3.00.04.042.9%3.00.04.042.9%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%1.04.00.020.0%3.04.00.042.9%3.04.00.042.9%

Fundamentals of Gam

About GAM Holding AG

GAM Holding AG is a publicly owned asset management holding company. The firm provides its services to institutions, financial intermediaries and private investors. Through its subsidiaries, the firm manages separate client focused equity and fixed income portfolios. Through its subsidiaries, it also launches and manages equity, fixed income, and balanced mutual funds. Through its subsidiaries, the firm invests in public equity and fixed income markets. GAM Holding AG is based in Zurich, Switzerland with an additional office in Geneva, Switzerland and London, United Kingdom.

Fundamental data was last updated by Penke on 2024-03-27 09:05:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of GAM Holding AG.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Gam earns for each £1 of revenue.

  • Above 10% is considered healthy but always compare Gam to the  industry mean.
  • A Net Profit Margin of -175.3% means that £-1.75 for each £1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of GAM Holding AG:

  • The MRQ is -175.3%. The company is making a huge loss. -2
  • The TTM is -175.3%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-175.3%TTM-175.3%0.0%
TTM-175.3%YOY-10.3%-165.0%
TTM-175.3%5Y-88.0%-87.4%
5Y-88.0%10Y-59.1%-28.9%
1.1.2. Return on Assets

Shows how efficient Gam is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Gam to the  industry mean.
  • -82.2% Return on Assets means that Gam generated £-0.82 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of GAM Holding AG:

  • The MRQ is -82.2%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -82.2%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-82.2%TTM-82.2%0.0%
TTM-82.2%YOY-3.1%-79.1%
TTM-82.2%5Y-40.4%-41.8%
5Y-40.4%10Y-27.3%-13.1%
1.1.3. Return on Equity

Shows how efficient Gam is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Gam to the  industry mean.
  • -192.6% Return on Equity means Gam generated £-1.93 for each £1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of GAM Holding AG:

  • The MRQ is -192.6%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -192.6%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-192.6%TTM-192.6%0.0%
TTM-192.6%YOY-4.9%-187.7%
TTM-192.6%5Y-76.8%-115.8%
5Y-76.8%10Y-52.8%-23.9%

1.2. Operating Efficiency of GAM Holding AG.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Gam is operating .

  • Measures how much profit Gam makes for each £1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Gam to the  industry mean.
  • An Operating Margin of -25.5% means the company generated £-0.25  for each £1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of GAM Holding AG:

  • The MRQ is -25.5%. The company is operating very inefficient. -2
  • The TTM is -25.5%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-25.5%TTM-25.5%0.0%
TTM-25.5%YOY-3.8%-21.6%
TTM-25.5%5Y-4.2%-21.3%
5Y-4.2%10Y-1.1%-3.1%
1.2.2. Operating Ratio

Measures how efficient Gam is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 2.60 means that the operating costs are £2.60 for each £1 in net sales.

Let's take a look of the Operating Ratio trends of GAM Holding AG:

  • The MRQ is 2.600. The company is inefficient in keeping operating costs low. -1
  • The TTM is 2.600. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ2.600TTM2.6000.000
TTM2.600YOY1.042+1.559
TTM2.6005Y1.555+1.046
5Y1.55510Y1.248+0.307

1.3. Liquidity of GAM Holding AG.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Gam is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 1.67 means the company has £1.67 in assets for each £1 in short-term debts.

Let's take a look of the Current Ratio trends of GAM Holding AG:

  • The MRQ is 1.666. The company is able to pay all its short-term debts. +1
  • The TTM is 1.666. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.666TTM1.6660.000
TTM1.666YOY1.836-0.170
TTM1.6665Y1.846-0.181
5Y1.84610Y1.930-0.083
1.3.2. Quick Ratio

Measures if Gam is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Gam to the  industry mean.
  • A Quick Ratio of 1.63 means the company can pay off £1.63 for each £1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of GAM Holding AG:

  • The MRQ is 1.630. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.630. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.630TTM1.6300.000
TTM1.630YOY1.791-0.161
TTM1.6305Y1.782-0.151
5Y1.78210Y1.709+0.072

1.4. Solvency of GAM Holding AG.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Gam assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Gam to industry mean.
  • A Debt to Asset Ratio of 0.57 means that Gam assets are financed with 57.3% credit (debt) and the remaining percentage (100% - 57.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of GAM Holding AG:

  • The MRQ is 0.573. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.573. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.573TTM0.5730.000
TTM0.573YOY0.366+0.207
TTM0.5735Y0.409+0.165
5Y0.40910Y0.356+0.053
1.4.2. Debt to Equity Ratio

Measures if Gam is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Gam to the  industry mean.
  • A Debt to Equity ratio of 134.3% means that company has £1.34 debt for each £1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of GAM Holding AG:

  • The MRQ is 1.343. The company is able to pay all its debts with equity. +1
  • The TTM is 1.343. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.343TTM1.3430.000
TTM1.343YOY0.578+0.765
TTM1.3435Y0.737+0.606
5Y0.73710Y0.609+0.128

2. Market Valuation of GAM Holding AG

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every £1 in earnings Gam generates.

  • Above 15 is considered overpriced but always compare Gam to the  industry mean.
  • A PE ratio of -0.50 means the investor is paying £-0.50 for every £1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of GAM Holding AG:

  • The EOD is -0.225. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.501. Based on the earnings, the company is expensive. -2
  • The TTM is -0.501. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.225MRQ-0.501+0.276
MRQ-0.501TTM-0.5010.000
TTM-0.501YOY-9.065+8.563
TTM-0.5015Y-27.169+26.667
5Y-27.16910Y-16.582-10.586
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of GAM Holding AG:

  • The EOD is -0.844. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.878. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1.878. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.844MRQ-1.878+1.034
MRQ-1.878TTM-1.8780.000
TTM-1.878YOY-14.175+12.297
TTM-1.8785Y-1.782-0.096
5Y-1.78210Y-1.273-0.509
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Gam is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 0.97 means the investor is paying £0.97 for each £1 in book value.

Let's take a look of the Price to Book Ratio trends of GAM Holding AG:

  • The EOD is 0.434. Based on the equity, the company is cheap. +2
  • The MRQ is 0.965. Based on the equity, the company is cheap. +2
  • The TTM is 0.965. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.434MRQ0.965-0.532
MRQ0.965TTM0.9650.000
TTM0.965YOY0.441+0.524
TTM0.9655Y0.659+0.306
5Y0.65910Y0.6600.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of GAM Holding AG compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---2.102-2.1020%0.039-5467%-2.185+4%0.138-1627%
Book Value Per Share--0.9640.9640%3.065-69%3.673-74%6.020-84%
Current Ratio--1.6661.6660%1.836-9%1.846-10%1.930-14%
Debt To Asset Ratio--0.5730.5730%0.366+56%0.409+40%0.356+61%
Debt To Equity Ratio--1.3431.3430%0.578+132%0.737+82%0.609+120%
Dividend Per Share----0%-0%0.131-100%0.282-100%
Eps---1.855-1.8550%-0.149-92%-2.084+12%-1.251-33%
Free Cash Flow Per Share---0.495-0.4950%-0.095-81%-0.149-70%-0.149-70%
Free Cash Flow To Equity Per Share---0.584-0.5840%-0.200-66%-0.229-61%-0.229-61%
Gross Profit Margin--1.0181.0180%1.352-25%1.500-32%1.357-25%
Intrinsic Value_10Y_max---11.011--------
Intrinsic Value_10Y_min---9.154--------
Intrinsic Value_1Y_max---0.423--------
Intrinsic Value_1Y_min---0.411--------
Intrinsic Value_3Y_max---1.790--------
Intrinsic Value_3Y_min---1.681--------
Intrinsic Value_5Y_max---3.782--------
Intrinsic Value_5Y_min---3.430--------
Market Cap64808300.400-124%145359000.000145359000.0000%211203300.000-31%345181584.000-58%594465788.571-76%
Net Profit Margin---1.753-1.7530%-0.103-94%-0.880-50%-0.591-66%
Operating Margin---0.255-0.2550%-0.038-85%-0.042-84%-0.011-96%
Operating Ratio--2.6002.6000%1.042+150%1.555+67%1.248+108%
Pb Ratio0.434-123%0.9650.9650%0.441+119%0.659+46%0.660+46%
Pe Ratio-0.225+55%-0.501-0.5010%-9.065+1708%-27.169+5320%-16.582+3208%
Price Per Share0.418-123%0.9300.9300%1.353-31%2.217-58%3.826-76%
Price To Free Cash Flow Ratio-0.844+55%-1.878-1.8780%-14.175+655%-1.782-5%-1.273-32%
Price To Total Gains Ratio-0.199+55%-0.442-0.4420%34.549-101%-3.917+785%0.708-163%
Quick Ratio--1.6301.6300%1.791-9%1.782-8%1.709-5%
Return On Assets---0.822-0.8220%-0.031-96%-0.404-51%-0.273-67%
Return On Equity---1.926-1.9260%-0.049-97%-0.768-60%-0.528-73%
Total Gains Per Share---2.102-2.1020%0.039-5467%-2.054-2%0.420-601%
Usd Book Value--190027080.000190027080.0000%603771300.000-69%721547712.000-74%1180179565.714-84%
Usd Book Value Change Per Share---2.652-2.6520%0.049-5467%-2.757+4%0.174-1627%
Usd Book Value Per Share--1.2161.2160%3.868-69%4.634-74%7.596-84%
Usd Dividend Per Share----0%-0%0.165-100%0.356-100%
Usd Eps---2.341-2.3410%-0.188-92%-2.629+12%-1.579-33%
Usd Free Cash Flow---97663320.000-97663320.0000%-18800820.000-81%-23595660.000-76%-16854042.857-83%
Usd Free Cash Flow Per Share---0.625-0.6250%-0.120-81%-0.189-70%-0.189-70%
Usd Free Cash Flow To Equity Per Share---0.737-0.7370%-0.252-66%-0.289-61%-0.289-61%
Usd Market Cap81775113.445-124%183413986.200183413986.2000%266496323.940-31%435550122.691-58%750096932.019-76%
Usd Price Per Share0.527-123%1.1731.1730%1.707-31%2.797-58%4.828-76%
Usd Profit---365922000.000-365922000.0000%-29399940.000-92%-409327920.000+12%-245960871.429-33%
Usd Revenue--208701720.000208701720.0000%285797700.000-27%514057320.000-59%727589931.429-71%
Usd Total Gains Per Share---2.652-2.6520%0.049-5467%-2.592-2%0.530-601%
 EOD+3 -5MRQTTM+0 -0YOY+1 -335Y+8 -2810Y+2 -34

3.2. Fundamental Score

Let's check the fundamental score of GAM Holding AG based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-0.225
Price to Book Ratio (EOD)Between0-10.434
Net Profit Margin (MRQ)Greater than0-1.753
Operating Margin (MRQ)Greater than0-0.255
Quick Ratio (MRQ)Greater than11.630
Current Ratio (MRQ)Greater than11.666
Debt to Asset Ratio (MRQ)Less than10.573
Debt to Equity Ratio (MRQ)Less than11.343
Return on Equity (MRQ)Greater than0.15-1.926
Return on Assets (MRQ)Greater than0.05-0.822
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of GAM Holding AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.777
Ma 20Greater thanMa 500.418
Ma 50Greater thanMa 1000.418
Ma 100Greater thanMa 2000.418
OpenGreater thanClose0.418
Total0/5 (0.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in GBP. All numbers in thousands.

Summary
Total Assets352,900
Total Liabilities202,300
Total Stockholder Equity150,600
 As reported
Total Liabilities 202,300
Total Stockholder Equity+ 150,600
Total Assets = 352,900

Assets

Total Assets352,900
Total Current Assets217,700
Long-term Assets129,900
Total Current Assets
Cash And Cash Equivalents 137,900
Short-term Investments 4,700
Net Receivables 65,800
Inventory 0
Other Current Assets 9,300
Total Current Assets  (as reported)217,700
Total Current Assets  (calculated)217,700
+/-0
Long-term Assets
Property Plant Equipment 45,400
Intangible Assets 83,200
Other Assets 5,300
Long-term Assets  (as reported)129,900
Long-term Assets  (calculated)133,900
+/- 4,000

Liabilities & Shareholders' Equity

Total Current Liabilities130,700
Long-term Liabilities-
Total Stockholder Equity150,600
Total Current Liabilities
Accounts payable 17,800
Other Current Liabilities 112,900
Total Current Liabilities  (as reported)130,700
Total Current Liabilities  (calculated)130,700
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock8,000
Retained Earnings -593,800
Other Stockholders Equity 736,400
Total Stockholder Equity (as reported)150,600
Total Stockholder Equity (calculated)150,600
+/-0
Other
Cash and Short Term Investments 142,600
Common Stock Shares Outstanding 156,300
Liabilities and Stockholders Equity 352,900
Net Debt -137,900
Net Tangible Assets 67,400



Balance Sheet

Currency in GBP. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
> Total Assets 
2,378,500
0
1,328,200
1,335,100
820,200
755,200
352,900
352,900755,200820,2001,335,1001,328,20002,378,500
   > Total Current Assets 
571,800
665,300
536,000
491,000
393,400
349,500
217,700
217,700349,500393,400491,000536,000665,300571,800
       Cash And Cash Equivalents 
40,900
0
16,300
315,800
270,900
234,800
137,900
137,900234,800270,900315,80016,300040,900
       Short-term Investments 
75,300
0
30,600
20,300
8,400
11,100
4,700
4,70011,1008,40020,30030,600075,300
       Net Receivables 
123,300
195,900
123,200
117,200
86,500
84,100
65,800
65,80084,10086,500117,200123,200195,900123,300
       Other Current Assets 
11,300
39,200
42,900
37,700
27,600
19,500
9,300
9,30019,50027,60037,70042,90039,20011,300
   > Long-term Assets 
0
0
0
804,800
379,400
363,500
129,900
129,900363,500379,400804,800000
       Property Plant Equipment 
11,000
8,800
24,100
86,800
81,100
55,900
45,400
45,40055,90081,10086,80024,1008,80011,000
       Goodwill 
1,212,900
0
385,200
388,800
0
0
0
000388,800385,20001,212,900
       Intangible Assets 
523,700
0
339,300
324,300
295,600
305,000
83,200
83,200305,000295,600324,300339,3000523,700
> Total Liabilities 
534,500
0
447,000
460,100
346,300
276,700
202,300
202,300276,700346,300460,100447,0000534,500
   > Total Current Liabilities 
254,700
327,800
305,400
258,600
189,400
190,400
130,700
130,700190,400189,400258,600305,400327,800254,700
       Accounts payable 
0
30,900
32,800
16,200
14,200
20,300
17,800
17,80020,30014,20016,20032,80030,9000
       Other Current Liabilities 
0
46,900
53,100
242,400
175,200
170,100
112,900
112,900170,100175,200242,40053,10046,9000
   > Long-term Liabilities 0000000
       Other Liabilities 
0
235,000
141,600
131,000
86,700
38,300
32,900
32,90038,30086,700131,000141,600235,0000
> Total Stockholder Equity
1,844,000
0
881,200
875,000
473,900
478,500
150,600
150,600478,500473,900875,000881,20001,844,000
   Common Stock
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,0008,0008,0008,0008,0008,0008,000
   Retained Earnings 
1,986,800
1,026,500
156,500
139,500
-272,500
-275,600
-593,800
-593,800-275,600-272,500139,500156,5001,026,5001,986,800
   Capital Surplus 0000000
   Treasury Stock00-35,200-63,500-72,1000-44,800
   Other Stockholders Equity 
-106,900
-95,400
-104,600
727,500
738,400
746,100
736,400
736,400746,100738,400727,500-104,600-95,400-106,900



Balance Sheet

Currency in GBP. All numbers in thousands.




Cash Flow

Currency in GBP. All numbers in thousands.




Income Statement

Currency in GBP. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue165,400
Cost of Revenue-113,700
Gross Profit51,70051,700
 
Operating Income (+$)
Gross Profit51,700
Operating Expense-316,400
Operating Income-42,100-264,700
 
Operating Expense (+$)
Research Development-
Selling General Administrative70,600
Selling And Marketing Expenses5,200
Operating Expense316,40075,800
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-0
Net Interest Income-
 
Pretax Income (+$)
Operating Income-42,100
Net Interest Income-
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-266,200182,000
EBIT - interestExpense = -42,100
-266,200
-290,000
Interest Expense-
Earnings Before Interest and Taxes (EBIT)-42,100-266,200
Earnings Before Interest and Taxes (EBITDA)-38,800
 
After tax Income (+$)
Income Before Tax-266,200
Tax Provision--
Net Income From Continuing Ops--266,200
Net Income-290,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses430,100
Total Other Income/Expenses Net-224,1000
 

Technical Analysis of Gam
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Gam. The general trend of Gam is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Gam's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of GAM Holding AG.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 0.4178 < 0.4178 < 0.4178.

The bearish price targets are: 0.4178 > 0.4178 > 0.4178.

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GAM Holding AG Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of GAM Holding AG. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

GAM Holding AG Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of GAM Holding AG. The current macd is 0.00000.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Gam price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Gam. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Gam price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
GAM Holding AG Daily Moving Average Convergence/Divergence (MACD) ChartGAM Holding AG Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of GAM Holding AG. The current adx is 92.91.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Gam shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
GAM Holding AG Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of GAM Holding AG. The current sar is 0.4178.

GAM Holding AG Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of GAM Holding AG. The current rsi is 46.78. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -3/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
GAM Holding AG Daily Relative Strength Index (RSI) ChartGAM Holding AG Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of GAM Holding AG. The current phase is Overbought in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Gam price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
GAM Holding AG Daily Stochastic Oscillator ChartGAM Holding AG Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of GAM Holding AG. The current cci is -456.01798031.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
GAM Holding AG Daily Commodity Channel Index (CCI) ChartGAM Holding AG Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of GAM Holding AG. The current cmo is -9.783268.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
GAM Holding AG Daily Chande Momentum Oscillator (CMO) ChartGAM Holding AG Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of GAM Holding AG. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
GAM Holding AG Daily Williams %R ChartGAM Holding AG Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of GAM Holding AG.

GAM Holding AG Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of GAM Holding AG. The current atr is 0.01425862.

GAM Holding AG Daily Average True Range (ATR) ChartGAM Holding AG Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of GAM Holding AG. The current obv is -953,514.

GAM Holding AG Daily On-Balance Volume (OBV) ChartGAM Holding AG Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of GAM Holding AG. The current mfi is 5.39758751.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
GAM Holding AG Daily Money Flow Index (MFI) ChartGAM Holding AG Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for GAM Holding AG.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-16MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-06MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-11CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-27MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-26MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-01MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-06MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-07MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside

6.3. Candlestick Patterns

GAM Holding AG Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of GAM Holding AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.777
Ma 20Greater thanMa 500.418
Ma 50Greater thanMa 1000.418
Ma 100Greater thanMa 2000.418
OpenGreater thanClose0.418
Total0/5 (0.0%)
Penke

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