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Helvetia Baloise Holding vs ICG: Which Stock Looks Stronger in 2026?

ICG holds the cleaner structural position, with the lead spread across profitability and growth. Helvetia Baloise still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward Helvetia Baloise, which does not confirm the structural lead. That leaves a split case: the structural lead stays with ICG, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest separation starts in profitability, but growth adds another real layer to the result. The overall score gap is 37 points in favour of ICG plc.

Trajectory Similarity
0.74
Similar
Peer-set rank: #5
within Helvetia Baloise Holding AG's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The strongest overlap appears in investment intensity and margin consistency.

Similarity drivers
investment intensitymargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
HBAN.SW
Helvetia Baloise Holding AG
39
Peer-Score
Signal qualityMedium
vs
ICG.L
ICG plc
76
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: HBAN.SW vs ICG.L Profitability 7 95 Stability 55 24 Valuation 53 87 Growth 48 83 HBAN.SW ICG.L
Gap Ranking
#1 Profitability +88
#2 Growth +35
#3 Valuation +34
#4 Stability +31
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HBAN.SW and ICG.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HBAN.SWICG.L Relative valuation Structural strength

ICG plc looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
On profitability, ICG plc ranks near the top of the group; Helvetia Baloise Holding AG sits in the weaker half.
Growth
On growth, the edge is clear — both rank well, but ICG plc sits noticeably higher.
Profitability — Dominant Gap
HBAN.SW
7
ICG.L
95
Gap+88in favour of ICG.L

The profitability lead is mainly driven by a 52-point operating margin advantage.

What keeps the gap from being one-sided

Helvetia Baloise Holding AG still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both profitability and growth — though stability still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the HBAN.SW vs ICG.L comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how HBAN.SW and ICG.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.