“The Week”: Muted enthusiasm

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  François Bloch
  Experte

Switzerland

The latest developments at Straumann (ticker symbol: STMN SW) fully confirm previous expectations. The quarterly results have surprised numerous financial market analysts. Under the current conditions, the operating result (EBIT) should increase from CHF 602.6 million to CHF 807.9 million between 2022 and 2027, which should significantly increase the attractiveness of the share.
Trading strategy: Reloading

For the shares of EFG International (ticker symbol: EFGN SW) there is no cause for concern. Despite the already very positive share price performance over the past five years, the outlook remains attractive. Book value per share is expected to increase from CHF 6.669 to CHF 8.894 between 2022 and 2027, indicating a solid performance. With an expected dividend yield of 4.26% in 2026, the overall picture is extremely positive.
Trading strategy: Reloading

In 2025, the price development of Accelleron (ticker symbol: ACLN SW) on the Swiss stock exchange has accelerated significantly: the share price has risen by 40.9% since the turn of the year 2024/2025. The operating result (EBIT) is expected to rise from USD 157 million to USD 366.5 million between 2022 and 2027. A price/earnings ratio of 27.6 is expected for 2027, which is well below the historical average for the former ABB subsidiary. Reinvestment of the dividend in additional shares appears to make sense on an annual basis.
Trading strategy: Reloading

The shares of the bancassurance provider VZ Holding (ticker symbol: VZN SW) are currently in a very positive mood after emerging from a brief period of weakness. According to current forecasts, the operating result (EBIT) should increase from CHF 176.2 million to CHF 321.7 million between 2022 and 2027 – above-average growth for a financial company. The EBIT margin is expected to reach a record 46.54% in 2027, up from 42.57% in 2022.
Trading strategy: Reloading

Europe

The shares of the Austrian Erste Group Bank AG (ticker symbol: EBS AT) are currently on a record course and have risen by 50.44% since the turn of the year 2024/2025. Forecasts point to continued positive development: The operating result (EBIT) is expected to rise from EUR 3.996 billion to EUR 8.438 billion between 2022 and 2027. A record EBIT margin of 54.44% is expected for 2027, indicating continued strong profitability. An additional positive factor is the forecast dividend yield of over 4% in 2026.
Trading strategy: Reloading

The shares of the Austrian Raiffeisen Bank International (ticker symbol: RBI AT) also show interesting potential, although they have received little attention to date. The book value per share is likely to increase from EUR 53.70 to EUR 63.11 between 2022 and 2027. If this development is confirmed in practice, the share price could receive a further boost. With an expected dividend yield of 5.53% in 2027, the overall picture is attractive. An annual reinvestment of dividends in additional shares appears advisable.
Trading strategy: Reloading

The shares of the Spanish Banco Santander (ticker symbol: SAN SM) have gained significant momentum in 2025, rising by 97.67% since the beginning of the year. The outlook for the leading financial stock on the Iberian Peninsula remains very positive. Book value per share is expected to increase from EUR 5.384 to EUR 8.201 between 2022 and 2027, underlining the company’s solid fundamental momentum. A dividend yield of 3.26% is expected for 2027 – a solid level, albeit not outstanding in a domestic comparison.
Trading strategy: Reloading

The shares of the asset manager DWS Group (ticker symbol: DWS GY) have particularly attractive potential, even if they have received little attention in Switzerland to date. The operating result (EBIT) is expected to rise from EUR 791 million to EUR 1.412 billion between 2023 and 2027. From a dividend perspective, there is also an interesting dynamic: the potential dividend per share could rise from EUR 2.05 to EUR 3.24 over the same period. Here, too, it may make sense to reinvest the dividends in additional shares each year.
Trading strategy: Reloading

The shares of the French energy company Engie (ticker symbol: ENGI FP) are showing clear strength. Earnings per share are expected to rise from EUR 0.08 to EUR 1.847 between 2022 and 2027. For investors pursuing a dividend strategy, annual reinvestment of distributions is recommended. The expected dividend yield for 2027 is 6.53%, which suggests attractive total returns in the long term.
Trading strategy: Reloading

The shares of the Dutch technology stock ASML (ticker symbol: ASML NA) continue to show strong potential. The book value per share is expected to increase from EUR 22.15 to EUR 71.07 between 2022 and 2027, which is a remarkable development. An EBIT margin of 36.44% is expected for 2027, which underlines the high profitability and market position of this EuroStoxx 50 stock.
Trading strategy: Reloading

The shares of the Dutch ING Bank (ticker symbol: INGA NA) show interesting growth potential. The operating result (EBIT) is expected to increase from EUR 7.363 billion to EUR 11.955 billion between 2022 and 2027. A potential record EBIT margin of 47.34% is expected for 2027, underlining the profitability of the well-known EUR 63.41 billion company.
Trading strategy: Reloading

USA/CAN

For growth-oriented investors, the shares of Teradyne (ticker symbol: TER US) could be of interest to growth-oriented investors. The operating result (EBIT) of the semiconductor test equipment specialist is expected to rise from USD 868.4 million to USD 1.166 billion between 2022 and 2027. The expected price/earnings ratio for 2027 may be 28.5, signaling attractive potential for long-term investors.
Trading strategy: Reloading

The shares of Broadcom (ticker symbol: AVGO US) are increasingly becoming a top stock on the NASDAQ. Since the turn of the year 2024/2025, they have gained 59.43%. A look at the operating result (EBIT) explains this dynamic: between 2022 and 2027, it is expected to rise from USD 20.294 billion to USD 74.227 billion. This set of figures is rounded off by an expected EBIT margin of 67.7% in 2027.
Trading strategy: Reloading

The shares of the American specialist for aircraft spare parts Howmet Aerospace (ticker symbol: HWM US) are considered particularly attractive. The operating result (EBIT) is expected to increase from USD 919 million to USD 2.766 billion between 2022 and 2027. The return on equity is estimated at 31.1% for 2027, which underlines the long-term attractiveness of the stock.
Trading strategy: Reloading

Yours sincerely,
François Bloch

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Disclaimer
payoff Media AG and François Bloch receive neither payments nor commissions from the products mentioned.