Credit Suisse AG (USOI) stock analysis
USOINasdaqSecurity Brokers, Dealers & Flotation CompaniesFiscal year ends December 31Also trades as GLDI, SLVO
Financials through fiscal 2023, year ended Dec 31, 2023Last filing: 20-F on Mar 28, 2024
$44.99+0.27 (+0.60%)
Close on Oct 30, 2026
Margins
Share of revenue, fiscal years 2016 to 2023
Net margin
-20.3%−28.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2023
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +30.7% | – | -0.9% | – | |
| Free cash flow | +142.0% | – | +22.4% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2018 | FY2023 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -9.4% | |
| Return on assets | – | – | -0.8% | |
| Capex to revenue | – | 4.8% | 1.5% |
Cash use needs five years of cash flow figures
Credit Suisse does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-20.3%
×Asset turnover0.04×
×Equity multiplier11.49×
=Return on equity, FY2023-9.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | -20.3% | 0.04× | 11.49× | -9.4% |
| FY2019 | 13.6% | 0.03× | 17.09× | 6.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2023 against fiscal 2022
2of 3 tests passed in fiscal 2023. Some tests lack the figures they need.
- ProfitableNet income above zero-CHF 4.04B
- Cash generatingOperating cash flow above zeroCHF 32.01B
- Return on assets improvedROA up on the prior year– → -0.8%
- Earnings backed by cashOperating cash flow above net incomeCHF 32.01B vs -CHF 4.04B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → 0.04