View ValuationFBD Holdings 향후 성장Future 기준 점검 1/6FBD Holdings (는) 각각 연간 6.4% 및 2.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 6.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.9% 로 예상됩니다.핵심 정보6.4%이익 성장률6.93%EPS 성장률Insurance 이익 성장2.0%매출 성장률2.7%향후 자기자본이익률12.90%애널리스트 커버리지Low마지막 업데이트07 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • May 09FBD Holdings plc Approves Final Dividend for the Year Ended December 31, 2025FBD Holdings plc at its AGM held on May 7, 2025 approved to declare a final dividend of 100 cent per ordinary share for the year ended December 31, 2025.Declared Dividend • Apr 06Final dividend of €1.00 announcedDividend of €1.00 is the same as last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 11%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 08Full year 2025 earnings released: EPS: €1.30 (vs €1.86 in FY 2024)Full year 2025 results: EPS: €1.30 (down from €1.86 in FY 2024). Revenue: €507.1m (up 9.0% from FY 2024). Net income: €47.2m (down 30% from FY 2024). Profit margin: 9.3% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.New Risk • Feb 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by cash flows (135% cash payout ratio).공시 • Dec 08FBD Holdings plc, Annual General Meeting, May 07, 2026FBD Holdings plc, Annual General Meeting, May 07, 2026.공시 • Dec 05+ 1 more updateFBD Holdings plc to Report Fiscal Year 2025 Results on Mar 06, 2026FBD Holdings plc announced that they will report fiscal year 2025 results on Mar 06, 2026Board Change • Nov 13High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Paul Stanley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Oct 23High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Paul Stanley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 29High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Paul Stanley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Sep 20FBD Holdings plc and FBD Insurance plc Announces Appointment of Paul Stanley as an Independent Non-Executive Director and as Member and Chair of the Audit Committee, Effective September 19, 2025FBD Holdings plc and FBD Insurance plc announced the appointment of Mr. Paul Stanley as an Independent Non-Executive Director of both the company. Mr. Stanley has also been appointed as a Member of the Audit Committee of FBD Holdings plc and as Chair of the Audit Committee of FBD Insurance plc. These appointments will take September 19, 2025. Mr. Stanley is a Fellow of the Association of Certified Chartered Accountants, and he is a member of the Institute of Directors. He is an experienced business leader in the Financial Services sector, having spent a large part of his career in AIB in several lead roles and served as the Bank's Chief Financial Officer before departing in 2013. He subsequently worked with Ulster Bank Ireland and served as an Executive Board member, Chief Financial Officer and Deputy Chief Executive Officer. Mr. Stanley is a Non-Executive Director of U.S Bank Europe DAC and Chair of its Audit Committee.Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Aug 30FBD Holdings plc and FBD Insurance plc Announce Management ChangesFBD Holdings plc ("FBD") and FBD Insurance plc announced the following changes in Director Responsibilities. As part of ongoing succession planning and board refreshment, Ms Mary Brennan will retire as Independent Non-Executive Director of FBD Holdings plc and FBD Insurance plc at the end of her nine-year term on 31 August 2025. On the same date Ms Brennan will also retire from her role as Chair of the Risk Committee and member of the Audit Committee of FBD Holdings plc and as Chair of the Audit Committee and member of the Risk Committee of FBD Insurance plc. The Board is at an advanced stage in the recruitment of Ms Brennan's successor. Ms Sylvia Cronin, an Independent Non-Executive Director of FBD Holdings plc and FBD Insurance plc, has been appointed as a member of the Audit Committee of FBD Holdings plc and FBD Insurance plc with effect from 31 August 2025.Board Change • Aug 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Aug 08FBD Holdings plc Approves Special Dividend, Payable on 17 October 2025FBD Holdings plc announced the board has approved a special dividend of 75 cent per ordinary share returning a portion of excess capital to shareholders. This is in line with the company's intention to move closer to target capital levels over time, while preserving the sustainability of the company's annual ordinary dividend and maintaining a robust capital position for the company's growing business. The special dividend approved by the Board on 7 August 2025 will be paid on 17 October 2025 to the holders of shares on the register on 12 September 2025. The dividend is subject to withholding tax (DWT) except for shareholders who are exempt from DWT and who have furnished a properly completed declaration of exemption to the Company's Registrar from whom further details may be obtained.Board Change • Jul 18High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Jun 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • May 10FBD Holdings plc Approves Final Dividend PaymentFBD Holdings plc at its AGM held on 8 May 2025 approved a Final Dividend of 100 cent per Ordinary Share.Upcoming Dividend • Apr 23Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (3.6%).Recent Insider Transactions • Apr 21Group CEO & Executive Director recently bought €197k worth of stockOn the 15th of April, Tomas O'Midheach bought around 15k shares on-market at roughly €12.85 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Tomas' only on-market trade for the last 12 months.New Risk • Mar 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (131% cash payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin).Declared Dividend • Mar 11Final dividend of €1.00 announcedDividend of €1.00 is the same as last year. Ex-date: 30th April 2025 Payment date: 11th June 2025 Dividend yield will be 15%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 39% over the next 2 years. A fall of 39% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.Reported Earnings • Mar 08Full year 2024 earnings released: EPS: €1.86 (vs €1.94 in FY 2023)Full year 2024 results: EPS: €1.86 (down from €1.94 in FY 2023). Revenue: €464.5m (up 9.9% from FY 2023). Net income: €67.2m (down 3.0% from FY 2023). Profit margin: 14% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.공시 • Mar 07FBD Holdings plc Proposes Ordinary Dividend for the Year ended December 31, 2024, Payable on 11 June 2025FBD Holdings plc proposed ordinary dividend of 100 cents for the year ended December 31, 2024, dividend record date is 2 May 2025 Annual General Meeting is 8 May 2025 and Dividend payment date is 11 June 2025.New Risk • Feb 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (131% cash payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin).Board Change • Feb 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Dec 11FBD Holdings plc, Annual General Meeting, May 08, 2025FBD Holdings plc, Annual General Meeting, May 08, 2025.공시 • Dec 10+ 1 more updateFBD Holdings plc to Report Fiscal Year 2024 Results on Mar 07, 2025FBD Holdings plc announced that they will report fiscal year 2024 results on Mar 07, 2025공시 • Nov 26FBD Holdings plc and FBD Insurance plc Announces Demise of John O'Dwyer, Senior Independent DirectorFBD Holdings plc regretfully announced that John O'Dwyer, Senior Independent Director of FBD Holdings plc and FBD Insurance plc passed away on 24 November 2024. Mr. O'Dwyer served as a member of the Board of both FBD Holdings and FBD Insurance since August 2021.공시 • Nov 20Fbd Holdings plc Announces Board ChangeFBD Holdings plc ("FBD") announced the appointment of Mr. Jim Bergin as an independent non-executive director with immediate effect. As disclosed in the 2023 Annual Report, Mr. Liam Herlihy, having completed nine years on the board of directors of FBD (the "Board"), will retire as director and chair of FBD at the conclusion of the 2025 Annual General Meeting (AGM) on 8 May 2025. Following an extensive succession process undertaken by the Board's Nomination and Governance Committee, led by the Senior Independent Director, Mr. Bergin was identified as the successful candidate for the position of Chair of the Board. He will commence his role as Chair of the Board immediately following the conclusion of the AGM. The appointment of Mr. Bergin to the Board as an independent non-executive director with immediate effect will ensure that there is an effective and orderly transition process to May 2025. As the former Chief Executive Officer and Director of Tirlán Co-Operative Society Limited (until July 2024), Mr. Bergin spent a considerable part of his career in Glanbia plc in a number of senior management positions. He was former chair of the Irish Dairy Industry Association and is currently chair of the Teagasc 'Better Farming for Water' stakeholder steering committee. He is also an independent non-executive director of Enable Ireland and vice chair of the governing body of Southeast Technological University.공시 • Sep 10FBD Holdings plc Announces Directorate ChangesFBD Holdings plc and FBD Insurance plc announced the appointment of Mr. Francie Gorman as an independent non-executive Director with immediate effect. Mr. Gorman is a beef and sheep farmer from Ballinakill in Co Laois. He is the 17th President of the Irish Farmers' Association (IFA) and commenced his four-year term in January 2024. Mr. Gorman previously served as IFA Regional Chair for South Leinster, Chair of IFA Laois and represented IFA Laois on the IFA National Farm Business Committee. Mr. Gorman is a Non-Executive Director of Bord Bia which is an Irish semi state Agency whose remit is to market and promote Ireland's food, drink and horticulture industry in Ireland and abroad. Mr. Tim Cullinan, former President of the IFA, will be resigning from the Board with immediate effect.공시 • Aug 09FBD Holdings plc Appoints John O'Dwyer as Senior Independent DirectorFBD Holdings plc announced the appointment of Mr. John O'Dwyer as Senior Independent Director of FBD Holdings plc with immediate effect. Mr. O'Dwyer joined the Board of FBD Holdings plc in August 2021. He has a strong background in financial services, having spent all of his career working in the insurance industry, particularly in the Heath Insurance sector. Prior to his appointment in FBD, John was the Chief Executive Officer of VHI.Board Change • Jun 11High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Olive Gaughan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • May 23FBD Holdings plc and FBD Insurance plc Announces the Appointment of Olive Gaughan as Independent Non-Executive DirectorFBD Holdings plc (FBD) announced the appointment of an additional Independent Non-Executive Director. Ms Olive Gaughan has been appointed to the Board of FBD Holdings plc and FBD Insurance plc (together the Group) as an Independent Non-Executive Director with immediate effect. Ms Gaughan has also been appointed as a member of the Board Audit Committee and the Board Risk Committee for the Group. Ms Gaughan is a Fellow of the Society of Actuaries in Ireland and a Fellow of the Institute and Faculty of Actuaries in the UK. She is a highly experienced Actuarial Professional and prior to her appointment, Ms Gaughan was Director of Actuarial Services in Mazars Ireland. Over the last thirty years Ms Gaughan has held several roles in the commercial sector as part of the senior management teams in Prudential International Assurance, Aviva Life and Pensions, and Canada Life Assurance.공시 • May 10+ 1 more updateFBD Holdings Approves to Delist the Ordinary Shares from the Official List of the Financial Conduct AuthorityFBD Holdings plc at its annual general meeting held on 9 May 2024, approved the proposal to authorise the Directors to delist the ordinary shares from the Official List of the Financial Conduct Authority and to remove the ordinary shares from trading on the London Stock Exchange plc's Main Market.Upcoming Dividend • Apr 25Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 52% and the cash payout ratio is 80%. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.3%).New Risk • Apr 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings are forecast to decline by an average of 9.0% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (14% increase in shares outstanding).공시 • Apr 17FBD Insurance plc and Fbd Holdings plc Announces Demise of David O'connor, an Independent Non-Executive Director Independent Non-Executive Director of FBD Holdings plc and Chair of FBD Insurance plcFBD Insurance plc and FBD Holdings plc announced the death of David O'Connor, an Independent Non-Executive Director of FBD Holdings plc and Chair of FBD Insurance plc. Mr. O'Connor served as a member of the Board of both FBD Holdings and FBD Insurance since July 2016.Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €13.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 158% over the past three years.New Risk • Mar 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 9.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 10Full year 2023 earnings released: EPS: €1.94 (vs €1.81 in FY 2022)Full year 2023 results: EPS: €1.94 (up from €1.81 in FY 2022). Revenue: €422.6m (up 26% from FY 2022). Net income: €69.5m (up 8.4% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.공시 • Mar 09FBD Holdings plc Proposes Final Ordinary Dividend for the Financial Year 2023, Payable on 7 June 2024FBD Holdings plc announced that the board proposed to pay a final ordinary dividend of 100 cent per share for the financial year 2023 (2022 ordinary dividend: 100 cent per share). Subject to the approval of shareholders at the Annual General Meeting to be held on 9 May 2024, the final dividend for 2023 will be paid on 7 June 2024 to the holders of shares on the register on 3 May 2024.New Risk • Feb 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. High level of non-cash earnings (37% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (216% cash payout ratio).Valuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €12.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 130% over the past three years.New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 27% per year for the foreseeable future. High level of non-cash earnings (37% accrual ratio). Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change).공시 • Dec 12+ 2 more updatesFBD Holdings plc, Annual General Meeting, May 09, 2024FBD Holdings plc, Annual General Meeting, May 09, 2024.Board Change • Oct 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Pat Murphy was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Sep 07Upcoming dividend of €1.00 per share at 7.6% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.2%).공시 • Sep 02FBD Holdings plc and FBD Insurance plc Appoints Patrick Murphy as Non-Executive DirectorFBD Holdings plc ("FBD") announced the appointment of Mr. Patrick Murphy as a Non-Executive Director of FBD Holdings plc and FBD Insurance plc with immediate effect. Mr. Murphy has extensive knowledge of the dairy and agribusiness industry and significant experience in the strategic management and governance of Irish and global companies. Mr. Murphy is a Non-Executive Director of Glanbia plc and Chair of Farmers Business Developments plc.New Risk • Aug 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 37% per year for the foreseeable future. High level of non-cash earnings (37% accrual ratio). Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change).Reported Earnings • Aug 13First half 2023 earnings released: EPS: €0.91 (vs €0.062 in 1H 2022)First half 2023 results: EPS: €0.91 (up from €0.062 in 1H 2022). Revenue: €204.5m (up 19% from 1H 2022). Net income: €33.3m (up €31.1m from 1H 2022). Profit margin: 16% (up from 1.3% in 1H 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €12.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 159% over the past three years.Upcoming Dividend • Apr 13Upcoming dividend of €1.00 per share at 7.2% yieldEligible shareholders must have bought the stock before 20 April 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.5%).Reported Earnings • Mar 11Full year 2022 earnings released: EPS: €1.81 (vs €2.74 in FY 2021)Full year 2022 results: EPS: €1.81 (down from €2.74 in FY 2021). Revenue: €333.4m (down 6.9% from FY 2021). Net income: €64.5m (down 33% from FY 2021). Profit margin: 19% (down from 27% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €14.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 91% over the past three years.공시 • Feb 03FBD Holdings plc Announces the Demise of Padraig Walshe, Non-Executive DirectorFBD Holdings plc announces that Padraig Walshe, a non-Executive Director of the Company passed away on 1 February, 2023. Mr. Walshe served as a member of FBD Holdings Board of Directors during the periods 2006-2010 and 2011-2023. Padraig was a highly valued member of Board and will be deeply missed by all who had the privilege of working with him over a sixteen-year period in his role as a non-executive Director of FBD. Padraig has left a lasting legacy to the business and his dedication and commitment to the success and growth of FBD will be deeply missed.공시 • Dec 20+ 1 more updateFBD Holdings plc to Report First Half, 2023 Results on Aug 11, 2023FBD Holdings plc announced that they will report first half, 2023 results on Aug 11, 2023Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to €11.75, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 65% over the past three years.Board Change • Nov 16High number of new directorsIndependent Non-Executive Director Jean Sharp was the last director to join the board, commencing their role in 2021.Reported Earnings • Aug 05First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €19.3m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.5%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.Board Change • Jun 08High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jean Sharp was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 14Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 21 April 2022. Payment date: 19 May 2022. Trailing yield: 9.9%. Within top quartile of German dividend payers (3.9%). Higher than average of industry peers (4.6%).Reported Earnings • Mar 05Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €357.2m (up 6.1% from FY 2020). Net income: €96.4m (up €92.0m from FY 2020). Profit margin: 27% (up from 1.3% in FY 2020). The increase in margin was primarily driven by lower expenses. Combined ratio: 71.5% (down from 101.4% in FY 2020). Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is expected to shrink by 6.3% compared to a 18% growth forecast for the insurance industry in Germany.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to €11.45, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 53% over the past three years.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improved over the past weekAfter last week's 38% share price gain to €11.05, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 48% over the past three years.Reported Earnings • Aug 09First half 2021 earnings released: EPS €0.55 (vs €0.23 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €175.7m (up 11% from 1H 2020). Net income: €19.3m (up €27.5m from 1H 2020). Profit margin: 11% (up from net loss in 1H 2020). The move to profitability was primarily driven by higher revenue.Reported Earnings • Feb 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €335.0m (down 8.2% from FY 2019). Net income: €4.39m (down 96% from FY 2019). Profit margin: 1.3% (down from 27% in FY 2019). The decrease in margin was primarily driven by higher expenses.Analyst Estimate Surprise Post Earnings • Feb 28Revenue misses expectationsRevenue missed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 3.7%, compared to a 15% growth forecast for the Insurance industry in Germany.Is New 90 Day High Low • Nov 07New 90-day high: €6.30The company is up 10.0% from its price of €5.74 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.58 per share.Is New 90 Day High Low • Sep 18New 90-day high: €6.16The company is up 1.0% from its price of €6.08 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.84 per share.이익 및 매출 성장 예측BST:EG7 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202854856N/A64212/31/202753957N/A64212/31/202651854N/A60212/31/2025508474866N/A9/30/2025496504764N/A6/30/2025484544763N/A3/31/2025474605673N/A12/31/2024465676584N/A9/30/2024456656080N/A6/30/2024446645576N/A3/31/2024434675070N/A12/31/2023423694565N/A9/30/2023409793554N/A6/30/2023395882542N/A3/31/2023380735772N/A12/31/20223655790103N/A9/30/20223606897109N/A6/30/202235579104115N/A3/31/2022357887485N/A12/31/2021358964354N/A9/30/2021356645161N/A6/30/2021354325868N/A3/31/2021345186474N/A12/31/202033746979N/A9/30/2020340304859N/A6/30/2020343562738N/A3/31/2020354773243N/A12/31/2019365983748N/A9/30/201936279N/A61N/A6/30/201935860N/A74N/A3/31/201935451N/A54N/A12/31/201834942N/A33N/A9/30/201834845N/A30N/A6/30/201834749N/A27N/A3/31/201834446N/A63N/A12/31/201734243N/A100N/A9/30/201733833N/A91N/A6/30/201733424N/A83N/A3/31/201732917N/A48N/A12/31/20163239N/A14N/A9/30/20163287N/A14N/A6/30/20163325N/A15N/A3/31/2016337-35N/A27N/A12/31/2015343-75N/A40N/A6/30/2015334-93N/A61N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: EG7 의 연간 예상 수익 증가율(6.4%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: EG7 의 연간 수익(6.4%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: EG7 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: EG7 의 수익(연간 2.7%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: EG7 의 수익(연간 2.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: EG7의 자본 수익률은 3년 후 12.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YInsurance 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 05:13종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스FBD Holdings plc는 6명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sami TaipalusBerenbergDiarmaid SheridanDavyWei Yi KuangGoldman Sachs3명의 분석가 더 보기
공시 • May 09FBD Holdings plc Approves Final Dividend for the Year Ended December 31, 2025FBD Holdings plc at its AGM held on May 7, 2025 approved to declare a final dividend of 100 cent per ordinary share for the year ended December 31, 2025.
Declared Dividend • Apr 06Final dividend of €1.00 announcedDividend of €1.00 is the same as last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 11%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 08Full year 2025 earnings released: EPS: €1.30 (vs €1.86 in FY 2024)Full year 2025 results: EPS: €1.30 (down from €1.86 in FY 2024). Revenue: €507.1m (up 9.0% from FY 2024). Net income: €47.2m (down 30% from FY 2024). Profit margin: 9.3% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
New Risk • Feb 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by cash flows (135% cash payout ratio).
공시 • Dec 08FBD Holdings plc, Annual General Meeting, May 07, 2026FBD Holdings plc, Annual General Meeting, May 07, 2026.
공시 • Dec 05+ 1 more updateFBD Holdings plc to Report Fiscal Year 2025 Results on Mar 06, 2026FBD Holdings plc announced that they will report fiscal year 2025 results on Mar 06, 2026
Board Change • Nov 13High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Paul Stanley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Oct 23High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Paul Stanley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 29High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Paul Stanley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Sep 20FBD Holdings plc and FBD Insurance plc Announces Appointment of Paul Stanley as an Independent Non-Executive Director and as Member and Chair of the Audit Committee, Effective September 19, 2025FBD Holdings plc and FBD Insurance plc announced the appointment of Mr. Paul Stanley as an Independent Non-Executive Director of both the company. Mr. Stanley has also been appointed as a Member of the Audit Committee of FBD Holdings plc and as Chair of the Audit Committee of FBD Insurance plc. These appointments will take September 19, 2025. Mr. Stanley is a Fellow of the Association of Certified Chartered Accountants, and he is a member of the Institute of Directors. He is an experienced business leader in the Financial Services sector, having spent a large part of his career in AIB in several lead roles and served as the Bank's Chief Financial Officer before departing in 2013. He subsequently worked with Ulster Bank Ireland and served as an Executive Board member, Chief Financial Officer and Deputy Chief Executive Officer. Mr. Stanley is a Non-Executive Director of U.S Bank Europe DAC and Chair of its Audit Committee.
Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Aug 30FBD Holdings plc and FBD Insurance plc Announce Management ChangesFBD Holdings plc ("FBD") and FBD Insurance plc announced the following changes in Director Responsibilities. As part of ongoing succession planning and board refreshment, Ms Mary Brennan will retire as Independent Non-Executive Director of FBD Holdings plc and FBD Insurance plc at the end of her nine-year term on 31 August 2025. On the same date Ms Brennan will also retire from her role as Chair of the Risk Committee and member of the Audit Committee of FBD Holdings plc and as Chair of the Audit Committee and member of the Risk Committee of FBD Insurance plc. The Board is at an advanced stage in the recruitment of Ms Brennan's successor. Ms Sylvia Cronin, an Independent Non-Executive Director of FBD Holdings plc and FBD Insurance plc, has been appointed as a member of the Audit Committee of FBD Holdings plc and FBD Insurance plc with effect from 31 August 2025.
Board Change • Aug 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Aug 08FBD Holdings plc Approves Special Dividend, Payable on 17 October 2025FBD Holdings plc announced the board has approved a special dividend of 75 cent per ordinary share returning a portion of excess capital to shareholders. This is in line with the company's intention to move closer to target capital levels over time, while preserving the sustainability of the company's annual ordinary dividend and maintaining a robust capital position for the company's growing business. The special dividend approved by the Board on 7 August 2025 will be paid on 17 October 2025 to the holders of shares on the register on 12 September 2025. The dividend is subject to withholding tax (DWT) except for shareholders who are exempt from DWT and who have furnished a properly completed declaration of exemption to the Company's Registrar from whom further details may be obtained.
Board Change • Jul 18High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jun 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • May 10FBD Holdings plc Approves Final Dividend PaymentFBD Holdings plc at its AGM held on 8 May 2025 approved a Final Dividend of 100 cent per Ordinary Share.
Upcoming Dividend • Apr 23Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (3.6%).
Recent Insider Transactions • Apr 21Group CEO & Executive Director recently bought €197k worth of stockOn the 15th of April, Tomas O'Midheach bought around 15k shares on-market at roughly €12.85 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Tomas' only on-market trade for the last 12 months.
New Risk • Mar 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (131% cash payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin).
Declared Dividend • Mar 11Final dividend of €1.00 announcedDividend of €1.00 is the same as last year. Ex-date: 30th April 2025 Payment date: 11th June 2025 Dividend yield will be 15%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 39% over the next 2 years. A fall of 39% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.
Reported Earnings • Mar 08Full year 2024 earnings released: EPS: €1.86 (vs €1.94 in FY 2023)Full year 2024 results: EPS: €1.86 (down from €1.94 in FY 2023). Revenue: €464.5m (up 9.9% from FY 2023). Net income: €67.2m (down 3.0% from FY 2023). Profit margin: 14% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
공시 • Mar 07FBD Holdings plc Proposes Ordinary Dividend for the Year ended December 31, 2024, Payable on 11 June 2025FBD Holdings plc proposed ordinary dividend of 100 cents for the year ended December 31, 2024, dividend record date is 2 May 2025 Annual General Meeting is 8 May 2025 and Dividend payment date is 11 June 2025.
New Risk • Feb 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (131% cash payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin).
Board Change • Feb 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jim Bergin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Dec 11FBD Holdings plc, Annual General Meeting, May 08, 2025FBD Holdings plc, Annual General Meeting, May 08, 2025.
공시 • Dec 10+ 1 more updateFBD Holdings plc to Report Fiscal Year 2024 Results on Mar 07, 2025FBD Holdings plc announced that they will report fiscal year 2024 results on Mar 07, 2025
공시 • Nov 26FBD Holdings plc and FBD Insurance plc Announces Demise of John O'Dwyer, Senior Independent DirectorFBD Holdings plc regretfully announced that John O'Dwyer, Senior Independent Director of FBD Holdings plc and FBD Insurance plc passed away on 24 November 2024. Mr. O'Dwyer served as a member of the Board of both FBD Holdings and FBD Insurance since August 2021.
공시 • Nov 20Fbd Holdings plc Announces Board ChangeFBD Holdings plc ("FBD") announced the appointment of Mr. Jim Bergin as an independent non-executive director with immediate effect. As disclosed in the 2023 Annual Report, Mr. Liam Herlihy, having completed nine years on the board of directors of FBD (the "Board"), will retire as director and chair of FBD at the conclusion of the 2025 Annual General Meeting (AGM) on 8 May 2025. Following an extensive succession process undertaken by the Board's Nomination and Governance Committee, led by the Senior Independent Director, Mr. Bergin was identified as the successful candidate for the position of Chair of the Board. He will commence his role as Chair of the Board immediately following the conclusion of the AGM. The appointment of Mr. Bergin to the Board as an independent non-executive director with immediate effect will ensure that there is an effective and orderly transition process to May 2025. As the former Chief Executive Officer and Director of Tirlán Co-Operative Society Limited (until July 2024), Mr. Bergin spent a considerable part of his career in Glanbia plc in a number of senior management positions. He was former chair of the Irish Dairy Industry Association and is currently chair of the Teagasc 'Better Farming for Water' stakeholder steering committee. He is also an independent non-executive director of Enable Ireland and vice chair of the governing body of Southeast Technological University.
공시 • Sep 10FBD Holdings plc Announces Directorate ChangesFBD Holdings plc and FBD Insurance plc announced the appointment of Mr. Francie Gorman as an independent non-executive Director with immediate effect. Mr. Gorman is a beef and sheep farmer from Ballinakill in Co Laois. He is the 17th President of the Irish Farmers' Association (IFA) and commenced his four-year term in January 2024. Mr. Gorman previously served as IFA Regional Chair for South Leinster, Chair of IFA Laois and represented IFA Laois on the IFA National Farm Business Committee. Mr. Gorman is a Non-Executive Director of Bord Bia which is an Irish semi state Agency whose remit is to market and promote Ireland's food, drink and horticulture industry in Ireland and abroad. Mr. Tim Cullinan, former President of the IFA, will be resigning from the Board with immediate effect.
공시 • Aug 09FBD Holdings plc Appoints John O'Dwyer as Senior Independent DirectorFBD Holdings plc announced the appointment of Mr. John O'Dwyer as Senior Independent Director of FBD Holdings plc with immediate effect. Mr. O'Dwyer joined the Board of FBD Holdings plc in August 2021. He has a strong background in financial services, having spent all of his career working in the insurance industry, particularly in the Heath Insurance sector. Prior to his appointment in FBD, John was the Chief Executive Officer of VHI.
Board Change • Jun 11High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Olive Gaughan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • May 23FBD Holdings plc and FBD Insurance plc Announces the Appointment of Olive Gaughan as Independent Non-Executive DirectorFBD Holdings plc (FBD) announced the appointment of an additional Independent Non-Executive Director. Ms Olive Gaughan has been appointed to the Board of FBD Holdings plc and FBD Insurance plc (together the Group) as an Independent Non-Executive Director with immediate effect. Ms Gaughan has also been appointed as a member of the Board Audit Committee and the Board Risk Committee for the Group. Ms Gaughan is a Fellow of the Society of Actuaries in Ireland and a Fellow of the Institute and Faculty of Actuaries in the UK. She is a highly experienced Actuarial Professional and prior to her appointment, Ms Gaughan was Director of Actuarial Services in Mazars Ireland. Over the last thirty years Ms Gaughan has held several roles in the commercial sector as part of the senior management teams in Prudential International Assurance, Aviva Life and Pensions, and Canada Life Assurance.
공시 • May 10+ 1 more updateFBD Holdings Approves to Delist the Ordinary Shares from the Official List of the Financial Conduct AuthorityFBD Holdings plc at its annual general meeting held on 9 May 2024, approved the proposal to authorise the Directors to delist the ordinary shares from the Official List of the Financial Conduct Authority and to remove the ordinary shares from trading on the London Stock Exchange plc's Main Market.
Upcoming Dividend • Apr 25Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 52% and the cash payout ratio is 80%. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.3%).
New Risk • Apr 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings are forecast to decline by an average of 9.0% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (14% increase in shares outstanding).
공시 • Apr 17FBD Insurance plc and Fbd Holdings plc Announces Demise of David O'connor, an Independent Non-Executive Director Independent Non-Executive Director of FBD Holdings plc and Chair of FBD Insurance plcFBD Insurance plc and FBD Holdings plc announced the death of David O'Connor, an Independent Non-Executive Director of FBD Holdings plc and Chair of FBD Insurance plc. Mr. O'Connor served as a member of the Board of both FBD Holdings and FBD Insurance since July 2016.
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €13.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 158% over the past three years.
New Risk • Mar 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 9.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 10Full year 2023 earnings released: EPS: €1.94 (vs €1.81 in FY 2022)Full year 2023 results: EPS: €1.94 (up from €1.81 in FY 2022). Revenue: €422.6m (up 26% from FY 2022). Net income: €69.5m (up 8.4% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
공시 • Mar 09FBD Holdings plc Proposes Final Ordinary Dividend for the Financial Year 2023, Payable on 7 June 2024FBD Holdings plc announced that the board proposed to pay a final ordinary dividend of 100 cent per share for the financial year 2023 (2022 ordinary dividend: 100 cent per share). Subject to the approval of shareholders at the Annual General Meeting to be held on 9 May 2024, the final dividend for 2023 will be paid on 7 June 2024 to the holders of shares on the register on 3 May 2024.
New Risk • Feb 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. High level of non-cash earnings (37% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (216% cash payout ratio).
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €12.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 130% over the past three years.
New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 27% per year for the foreseeable future. High level of non-cash earnings (37% accrual ratio). Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change).
공시 • Dec 12+ 2 more updatesFBD Holdings plc, Annual General Meeting, May 09, 2024FBD Holdings plc, Annual General Meeting, May 09, 2024.
Board Change • Oct 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Pat Murphy was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Sep 07Upcoming dividend of €1.00 per share at 7.6% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.2%).
공시 • Sep 02FBD Holdings plc and FBD Insurance plc Appoints Patrick Murphy as Non-Executive DirectorFBD Holdings plc ("FBD") announced the appointment of Mr. Patrick Murphy as a Non-Executive Director of FBD Holdings plc and FBD Insurance plc with immediate effect. Mr. Murphy has extensive knowledge of the dairy and agribusiness industry and significant experience in the strategic management and governance of Irish and global companies. Mr. Murphy is a Non-Executive Director of Glanbia plc and Chair of Farmers Business Developments plc.
New Risk • Aug 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 37% per year for the foreseeable future. High level of non-cash earnings (37% accrual ratio). Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change).
Reported Earnings • Aug 13First half 2023 earnings released: EPS: €0.91 (vs €0.062 in 1H 2022)First half 2023 results: EPS: €0.91 (up from €0.062 in 1H 2022). Revenue: €204.5m (up 19% from 1H 2022). Net income: €33.3m (up €31.1m from 1H 2022). Profit margin: 16% (up from 1.3% in 1H 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €12.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 159% over the past three years.
Upcoming Dividend • Apr 13Upcoming dividend of €1.00 per share at 7.2% yieldEligible shareholders must have bought the stock before 20 April 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.5%).
Reported Earnings • Mar 11Full year 2022 earnings released: EPS: €1.81 (vs €2.74 in FY 2021)Full year 2022 results: EPS: €1.81 (down from €2.74 in FY 2021). Revenue: €333.4m (down 6.9% from FY 2021). Net income: €64.5m (down 33% from FY 2021). Profit margin: 19% (down from 27% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €14.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 91% over the past three years.
공시 • Feb 03FBD Holdings plc Announces the Demise of Padraig Walshe, Non-Executive DirectorFBD Holdings plc announces that Padraig Walshe, a non-Executive Director of the Company passed away on 1 February, 2023. Mr. Walshe served as a member of FBD Holdings Board of Directors during the periods 2006-2010 and 2011-2023. Padraig was a highly valued member of Board and will be deeply missed by all who had the privilege of working with him over a sixteen-year period in his role as a non-executive Director of FBD. Padraig has left a lasting legacy to the business and his dedication and commitment to the success and growth of FBD will be deeply missed.
공시 • Dec 20+ 1 more updateFBD Holdings plc to Report First Half, 2023 Results on Aug 11, 2023FBD Holdings plc announced that they will report first half, 2023 results on Aug 11, 2023
Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to €11.75, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 65% over the past three years.
Board Change • Nov 16High number of new directorsIndependent Non-Executive Director Jean Sharp was the last director to join the board, commencing their role in 2021.
Reported Earnings • Aug 05First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €19.3m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.5%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.
Board Change • Jun 08High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jean Sharp was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 14Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 21 April 2022. Payment date: 19 May 2022. Trailing yield: 9.9%. Within top quartile of German dividend payers (3.9%). Higher than average of industry peers (4.6%).
Reported Earnings • Mar 05Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €357.2m (up 6.1% from FY 2020). Net income: €96.4m (up €92.0m from FY 2020). Profit margin: 27% (up from 1.3% in FY 2020). The increase in margin was primarily driven by lower expenses. Combined ratio: 71.5% (down from 101.4% in FY 2020). Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is expected to shrink by 6.3% compared to a 18% growth forecast for the insurance industry in Germany.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to €11.45, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 53% over the past three years.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improved over the past weekAfter last week's 38% share price gain to €11.05, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 48% over the past three years.
Reported Earnings • Aug 09First half 2021 earnings released: EPS €0.55 (vs €0.23 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €175.7m (up 11% from 1H 2020). Net income: €19.3m (up €27.5m from 1H 2020). Profit margin: 11% (up from net loss in 1H 2020). The move to profitability was primarily driven by higher revenue.
Reported Earnings • Feb 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €335.0m (down 8.2% from FY 2019). Net income: €4.39m (down 96% from FY 2019). Profit margin: 1.3% (down from 27% in FY 2019). The decrease in margin was primarily driven by higher expenses.
Analyst Estimate Surprise Post Earnings • Feb 28Revenue misses expectationsRevenue missed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 3.7%, compared to a 15% growth forecast for the Insurance industry in Germany.
Is New 90 Day High Low • Nov 07New 90-day high: €6.30The company is up 10.0% from its price of €5.74 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.58 per share.
Is New 90 Day High Low • Sep 18New 90-day high: €6.16The company is up 1.0% from its price of €6.08 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.84 per share.