ABN AMRO Bank N.V.

WBAG:ABN Stock Report

Market Cap: €12.3b

ABN AMRO Bank Valuation

Is ABN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ABN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ABN (€14.7) is trading below our estimate of fair value (€46.48)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ABN?

Key metric: As ABN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ABN. This is calculated by dividing ABN's market cap by their current earnings.
What is ABN's PE Ratio?
PE Ratio5x
Earnings€2.46b
Market Cap€12.27b

Price to Earnings Ratio vs Peers

How does ABN's PE Ratio compare to its peers?

The above table shows the PE ratio for ABN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8x
EBS Erste Group Bank
6.8x-2.8%€21.0b
BG BAWAG Group
8.6x5.7%€5.8b
RBI Raiffeisen Bank International
2.6x-6.7%€5.9b
OBS Oberbank
14.1xn/a€5.0b
ABN ABN AMRO Bank
5x-8.6%€12.3b

Price-To-Earnings vs Peers: ABN is good value based on its Price-To-Earnings Ratio (5x) compared to the peer average (8x).

Price to Earnings Ratio vs Industry

How does ABN's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ABN 5.0xIndustry Avg. 7.4xNo. of Companies46PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ABN is good value based on its Price-To-Earnings Ratio (5x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is ABN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ABN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5x
Fair PE Ratio5.3x

Price-To-Earnings vs Fair Ratio: ABN is good value based on its Price-To-Earnings Ratio (5x) compared to the estimated Fair Price-To-Earnings Ratio (5.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ABN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.70
€17.72
+20.6%
11.6%€23.00€14.30n/a16
Nov ’25€15.38
€17.62
+14.6%
11.9%€23.00€14.30n/a16
Oct ’25€15.84
€17.76
+12.1%
10.8%€22.00€14.40n/a17
Sep ’25€15.52
€17.76
+14.4%
11.6%€23.00€14.40n/a17
Aug ’25€15.55
€17.65
+13.6%
12.1%€23.00€14.40n/a17
Jul ’25€15.70
€17.67
+12.6%
12.2%€23.00€14.40n/a17
Jun ’25€15.65
€17.58
+12.3%
12.8%€23.00€14.40n/a17
May ’25€15.16
€17.36
+14.5%
13.0%€23.00€14.40n/a18
Apr ’25€15.43
€17.17
+11.3%
12.8%€23.00€14.20n/a18
Mar ’25€14.94
€16.96
+13.5%
13.0%€23.00€13.90n/a19
Feb ’25€13.80
€16.18
+17.3%
14.4%€23.00€13.60n/a20
Jan ’25€13.57
€16.95
+24.9%
13.6%€23.00€14.20n/a20
Dec ’24€12.36
€16.66
+34.9%
11.5%€21.00€14.20n/a20
Nov ’24€12.71
€17.96
+41.3%
13.1%€22.00€14.56€15.3820
Oct ’24€13.25
€18.10
+36.6%
12.8%€22.40€14.07€15.8420
Sep ’24€14.16
€18.30
+29.3%
12.3%€22.40€14.80€15.5221
Aug ’24€15.56
€18.47
+18.7%
13.2%€23.00€14.80€15.5520
Jul ’24€14.04
€18.23
+29.9%
14.5%€22.40€12.50€15.7019
Jun ’24€13.91
€18.23
+31.1%
14.5%€22.40€12.50€15.6519
May ’24€14.56
€18.23
+25.3%
14.5%€23.60€12.50€15.1619
Apr ’24€14.60
€18.19
+24.6%
13.9%€23.80€12.50€15.4319
Mar ’24€16.53
€17.37
+5.1%
17.4%€23.80€11.00€14.9419
Feb ’24€15.18
€15.23
+0.3%
17.7%€20.80€9.50€13.8019
Jan ’24€13.04
€14.08
+7.9%
16.3%€17.20€9.50€13.5718
Dec ’23€12.07
€13.67
+13.3%
16.3%€17.20€9.50€12.3619
Nov ’23€10.03
€13.31
+32.7%
15.9%€16.50€9.50€12.7119

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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