BASE:SUPV

Stock Analysis Report

Grupo Supervielle

Executive Summary

Grupo Supervielle S.A., a financial services holding company, provides banking products and services in Argentina.


Snowflake Analysis

Undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has Grupo Supervielle's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SUPV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.7%

SUPV

-9.2%

AR Banks

0.8%

AR Market


1 Year Return

-42.0%

SUPV

-34.1%

AR Banks

-17.3%

AR Market

Return vs Industry: SUPV underperformed the AR Banks industry which returned -38.4% over the past year.

Return vs Market: SUPV underperformed the AR Market which returned -20.4% over the past year.


Shareholder returns

SUPVIndustryMarket
7 Day-4.7%-9.2%0.8%
30 Day-34.2%-38.7%-27.9%
90 Day-45.9%-44.8%-33.3%
1 Year-41.2%-42.0%-32.1%-34.1%-13.5%-17.3%
3 Year-42.4%-44.2%-5.4%-11.6%4.3%-7.5%
5 Yearn/a66.6%51.8%91.9%66.2%

Price Volatility Vs. Market

How volatile is Grupo Supervielle's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Grupo Supervielle undervalued compared to its fair value and its price relative to the market?

35.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SUPV (ARS28.6) is trading below our estimate of fair value (ARS44.28)

Significantly Below Fair Value: SUPV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SUPV is poor value based on its PE Ratio (3.1x) compared to the Banks industry average (2.2x).

PE vs Market: SUPV is good value based on its PE Ratio (3.1x) compared to the AR market (5.3x).


Price to Earnings Growth Ratio

PEG Ratio: SUPV is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: SUPV is good value based on its PB Ratio (0.6x) compared to the AR Banks industry average (0.9x).


Next Steps

Future Growth

How is Grupo Supervielle forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

30.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUPV's forecast earnings growth (30% per year) is above the savings rate (7.5%).

Earnings vs Market: SUPV's earnings (30% per year) are forecast to grow slower than the AR market (35.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SUPV's revenue (15.3% per year) is forecast to grow slower than the AR market (16.9% per year).

High Growth Revenue: SUPV's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SUPV's Return on Equity is forecast to be high in 3 years time (25.7%)


Next Steps

Past Performance

How has Grupo Supervielle performed over the past 5 years?

-12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUPV has high quality earnings.

Growing Profit Margin: SUPV's current net profit margins (15.9%) are higher than last year (13.6%).


Past Earnings Growth Analysis

Earnings Trend: SUPV's earnings have declined by -12.3% per year over the past 5 years.

Accelerating Growth: SUPV's earnings growth over the past year (65.8%) exceeds its 5-year average (-12.3% per year).

Earnings vs Industry: SUPV earnings growth over the past year (65.8%) underperformed the Banks industry 159.4%.


Return on Equity

High ROE: SUPV's Return on Equity (19.6%) is considered low.


Next Steps

Financial Health

How is Grupo Supervielle's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: SUPV has a low level of unsold assets or inventory.

Debt Coverage by Assets: SUPV's debt is covered by short term assets (assets are 1.5x debt).


Financial Institutions Analysis

Asset Level: SUPV's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if SUPV has a sufficient allowance for bad loans.

Low Risk Liabilities: SUPV's liabilities are made up of primarily low risk sources of funding.

Loan Level: SUPV has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SUPV's loans are broadly funded by customer deposits.

Level of Bad Loans: SUPV has a high level of bad loans (7.8%)


Next Steps

Dividend

What is Grupo Supervielle's current dividend yield, its reliability and sustainability?

2.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SUPV's dividend (2.32%) is higher than the bottom 25% of dividend payers in the AR market (1.78%).

High Dividend: SUPV's dividend (2.32%) is low compared to the top 25% of dividend payers in the AR market (7.72%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SUPV has been paying a dividend for less than 10 years.

Growing Dividend: SUPV's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.1%), SUPV's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SUPV's dividends in 3 years are forecast to be thoroughly covered by earnings (1.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Jorge Oscar Ramírez (58yo)

1.58s

Tenure

Mr. Jorge Oscar Ramírez serves as the Chief Executive Officer at Banco Supervielle SA since February 2019 and serves as its General Manager. Mr. Ramírez has over 37 years’ experience in the financial secto ...


Leadership Team

NamePositionTenureCompensationOwnership
Julio Patricio Supervielle
Chairman of the Boardno datano data35.12% ARS4.7b
Jorge Oscar Ramírez
First Vice-Chairman & CEO1.58yrsno datano data
Alejandra Gladis Naughton
Chief Financial Officer8.58yrsno datano data
Sergio Mazzitello
Chief Technology Officer & Chief of IT & Operationsno datano datano data
Ana Bartesaghi
Investor Relations Officer & Treasurerno datano datano data
Sergio Gabriel Gabai
Chief Legal & AML Officer7.92yrsno datano data
Moira Almar
Chief Compliance Officerno datano datano data
Santiago Enrique Batlle
Chief Human Resources Officer9.17yrsno datano data
Javier Conigliaro
Chief Risk Officer3.75yrsno datano data
Claudia Silvia Andretto
Chief of Central Services & Supply Management3.17yrsno datano data

5.8yrs

Average Tenure

57yo

Average Age

Experienced Management: SUPV's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Julio Patricio Supervielle
Chairman of the Boardno datano data35.12% ARS4.7b
Jorge Oscar Ramírez
First Vice-Chairman & CEO1.58yrsno datano data
Emérico Alejandro Stengel
Second Vice-Chairmanno datano datano data
Atilio María Dell'Oro Maini
Director8.58yrsno datano data
Enrique José Barreiro
Member of the Supervisory Committee10.83yrsno datano data
Carlos Alfredo Ojeda
Member of the Supervisory Committee0.75yrno datano data
Eduardo Pablo Braun
Independent Director1yrno datano data
Victoria Premrou
Independent Director1yrno datano data
Ricardo Enrique De Lellis
Independent Director1yrno datano data
Hugo Enrique Basso
Director1yrno datano data

1.0yrs

Average Tenure

60.5yo

Average Age

Experienced Board: SUPV's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Grupo Supervielle S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grupo Supervielle S.A.
  • Ticker: SUPV
  • Exchange: BASE
  • Founded: 1887
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: AR$13.359b
  • Shares outstanding: 456.72m
  • Website: https://www.gruposupervielle.com

Location

  • Grupo Supervielle S.A.
  • Bartolomé Mitre 434
  • 5th Floor
  • Buenos Aires
  • Capital Federal
  • C1036AAH
  • Argentina

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SUPVBASE (Buenos Aires Stock Exchange)YesClass B Ordinary SharesARARSMay 2016
SUPVNYSE (New York Stock Exchange)SPONSORED ADRUSUSDMay 2016
189ADB (Deutsche Boerse AG)SPONSORED ADRDEEURMay 2016
SUPV NBMV (Bolsa Mexicana de Valores)SPONSORED ADRMXMXNMay 2016

Biography

Grupo Supervielle S.A., a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It accepts deposit accounts; and offers personal loans, mortgage loans, foreign trade finance, and loans to the middle and lower-middle-income sectors. The company also offers credit cards; insurance and mutual fund products; and factoring, leasing, cash management, asset management, and microcredit financing services. In addition, it distributes treasury products, such as debt securities; and provides non-financial products and services, as well as purchase and sale of foreign exchange and precious metals. The company serves individuals, small and medium-sized enterprises, and large-sized companies. It operates 325 access points, including 182 bank branches, 22 banking payment and collection centers, 79 CCF sales points, and 35 consumer financing branches and other sale points, as well as 526 ATMs, 217 self-service terminals, and 180 cash dispensers. The company was formerly known as Inversiones y Participaciones S.A. and changed its name to Grupo Supervielle S.A. in November 2008. Grupo Supervielle S.A. was founded in 1887 and is headquartered in Buenos Aires, Argentina. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 18:19
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.