Tearsheet

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 8.4%
  Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 84%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%, CFO LTM is 12 Bil, FCF LTM is 10 Bil
  
2 Low stock price volatility
Vol 12M is 30%
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 8.4%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%, CFO LTM is 12 Bil, FCF LTM is 10 Bil
2 Low stock price volatility
Vol 12M is 30%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 84%

Market Valuation & Key Metrics

UBS Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
UBS Return19%28%6%70%1%29%257%
Peers Return4%35%-15%17%42%33%161%
S&P 500 Return16%27%-19%24%23%15%110%

Monthly Win Rates [3]
UBS Win Rate58%67%58%58%50%78% 
Peers Win Rate58%63%42%50%65%69% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
UBS Max Drawdown-39%0%-21%-3%-13%-14% 
Peers Max Drawdown-47%-2%-29%-14%-4%-18% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, BAC, MS, GS, C. See UBS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/24/2025 (YTD)

How Low Can It Go

Unique KeyEventUBSS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-34.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven52.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven98 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven75.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven238 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-51.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven105.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven909 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-79.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven388.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven5800 days1480 days

Compare to JPM, BAC, MS, GS, C


In The Past

UBS's stock fell -34.3% during the 2022 Inflation Shock from a high on 2/9/2022. A -34.3% loss requires a 52.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About UBS (UBS)

Interactive Breakdown

UBS Interactive Breakdown Analysis

Better Bets than UBS (UBS)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to UBS. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-11.9%-11.9%-12.7%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
8.7%8.7%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
4.3%4.3%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.3%-1.3%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
14.3%14.3%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-11.9%-11.9%-12.7%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
8.7%8.7%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
4.3%4.3%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.3%-1.3%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
14.3%14.3%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for UBS

Financials

UBSJPMBACMSGSCMedian
NameUBS JPMorgan.Bank of .Morgan S.Goldman .Citigroup 
Mkt Price38.02300.4452.57163.86783.8898.78131.32
Mkt Cap120.9837.8403.6258.4245.9183.3252.2
Rev LTM45,406175,656103,43561,50356,21383,11372,308
Op Inc LTM-------
FCF LTM10,106-148,6154,550-20,941-24,879-93,686-22,910
FCF 3Y Avg33,683-56,10424,365-25,282-27,212-65,690-26,247
CFO LTM12,310-148,6154,550-17,670-22,852-87,165-20,261
CFO 3Y Avg35,578-56,10424,365-21,957-24,836-59,182-23,396

Growth & Margins

UBSJPMBACMSGSCMedian
NameUBS JPMorgan.Bank of .Morgan S.Goldman .Citigroup 
Rev Chg LTM3.0%8.2%5.4%16.7%12.2%6.3%7.2%
Rev Chg 3Y Avg9.7%13.5%5.0%5.0%3.8%4.3%5.0%
Rev Chg Q3.8%6.7%6.0%11.3%14.5%8.1%7.4%
QoQ Delta Rev Chg LTM0.9%1.6%1.5%2.6%3.4%2.0%1.8%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM27.1%-84.6%4.4%-28.7%-40.7%-104.9%-34.7%
CFO/Rev 3Y Avg83.6%-32.5%24.8%-41.3%-46.4%-74.6%-36.9%
FCF/Rev LTM22.3%-84.6%4.4%-34.0%-44.3%-112.7%-39.2%
FCF/Rev 3Y Avg78.9%-32.5%24.8%-47.4%-51.2%-82.8%-40.0%

Valuation

UBSJPMBACMSGSCMedian
NameUBS JPMorgan.Bank of .Morgan S.Goldman .Citigroup 
Mkt Cap120.9837.8403.6258.4245.9183.3252.2
P/S2.74.83.94.24.42.24.1
P/EBIT-------
P/E19.214.814.517.515.812.915.3
P/CFO9.8-5.688.7-14.6-10.8-2.1-3.9
Total Yield5.2%6.7%6.9%5.7%6.3%7.7%6.5%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg37.3%-7.4%8.7%-16.0%-14.8%-56.0%-11.1%
D/E2.90.60.91.41.52.01.4
Net D/E0.8-0.5-0.80.90.8-1.00.2

Returns

UBSJPMBACMSGSCMedian
NameUBS JPMorgan.Bank of .Morgan S.Goldman .Citigroup 
1M Rtn-6.1%-3.7%1.4%3.1%-1.4%-3.3%-2.3%
3M Rtn-1.0%1.1%9.1%14.6%8.1%3.5%5.8%
6M Rtn26.6%24.6%34.0%43.4%45.4%46.5%38.7%
12M Rtn22.2%38.0%28.4%44.4%56.0%64.9%41.2%
3Y Rtn155.7%160.6%59.4%124.9%152.2%144.0%148.1%
1M Excs Rtn-8.9%-6.5%-1.4%0.3%-4.2%-6.1%-5.1%
3M Excs Rtn-5.7%-5.1%3.3%8.7%2.6%-2.9%-0.1%
6M Excs Rtn3.7%1.6%11.1%20.4%22.4%23.5%15.7%
12M Excs Rtn4.7%20.8%11.1%26.6%38.3%44.1%23.7%
3Y Excs Rtn96.3%93.9%-16.0%50.6%87.7%71.8%79.8%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Global Wealth Management21,55618,96719,41917,13416,373
Investment Bank8,7038,7179,4549,5197,299
Personal & Corporate Banking7,6874,3024,2633,9073,736
Asset Management2,6862,9612,6172,9761,937
Non-core and Legacy69723760  
Group Items-495-622-419-451-377
Total40,83434,56235,39433,08528,968


Assets by Segment
$ Mil20242023202220212020
Global Wealth Management567,648388,530395,235367,714309,766
Personal & Corporate Banking483,794235,226225,370231,657209,405
Investment Bank428,269391,320346,431369,683315,855
Non-core and Legacy201,13113,36725,153  
Asset Management21,80417,34825,63928,58934,565
Group Items14,27758,57499,354128,122102,603
Total1,716,9231,104,3651,117,1821,125,765972,194


Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity9,398,049
Short Interest: % Change Since 930202518.4%
Average Daily Volume1,677,550
Days-to-Cover Short Interest5.60
Basic Shares Quantity3,179,288,753
Short % of Basic Shares0.3%

SEC Filings

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Report DateFiling DateFiling
331202142720216-K 3/31/2021
12312020305202120-F 12/31/2020
9302020102020206-K 9/30/2020
630202072120206-K 6/30/2020
331202042820206-K 3/31/2020
12312019303202020-F 12/31/2019
9302019102220196-K 9/30/2019
630201972320196-K 6/30/2019
331201942520196-K 3/31/2019
12312018315201920-F 12/31/2018
9302018102520186-K 9/30/2018
630201872420186-K 6/30/2018
331201842320186-K 3/31/2018
12312017309201820-F 12/31/2017
9302017102720176-K 9/30/2017
630201772820176-K 6/30/2017

Insider Activity

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