WBAG:BTS

Stock Analysis Report

Bank für Tirol und Vorarlberg

Executive Summary

Bank für Tirol und Vorarlberg AG, together with its subsidiaries, provides various corporate and retail banking products and services in Austria, Germany, Vienna, Bavaria, Eastern Switzerland, and Northern Italy.


Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

How has Bank für Tirol und Vorarlberg's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BTS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

BTS

-1.6%

AT Banks

-2.2%

AT Market


1 Year Return

19.4%

BTS

2.1%

AT Banks

3.6%

AT Market

Return vs Industry: BTS exceeded the Austrian Banks industry which returned 0.9% over the past year.

Return vs Market: BTS exceeded the Austrian Market which returned 4% over the past year.


Shareholder returns

BTSIndustryMarket
7 Day0%-1.6%-2.2%
30 Day0.7%-3.4%-2.9%
90 Dayn/a-0.9%-2.5%
1 Year20.7%19.4%6.2%2.1%7.3%3.6%
3 Yearn/a24.3%14.3%28.4%16.8%
5 Year47.9%37.4%93.1%74.8%65.6%42.4%

Price Volatility Vs. Market

How volatile is Bank für Tirol und Vorarlberg's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bank für Tirol und Vorarlberg undervalued compared to its fair value and its price relative to the market?

8.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BTS (€29.2) is trading above our estimate of fair value (€24.06)

Significantly Below Fair Value: BTS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BTS is poor value based on its PE Ratio (8.4x) compared to the Banks industry average (8.3x).

PE vs Market: BTS is good value based on its PE Ratio (8.3x) compared to the Austrian market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BTS's PEG Ratio to determine if it is good value.


Price to Book Ratio

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


Next Steps

Future Growth

How is Bank für Tirol und Vorarlberg forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.8%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bank für Tirol und Vorarlberg has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bank für Tirol und Vorarlberg performed over the past 5 years?

0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BTS has high quality earnings.

Growing Profit Margin: BTS's current net profit margins (45.8%) are higher than last year (43.3%).


Past Earnings Growth Analysis

Earnings Trend: BTS's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: BTS's earnings growth over the past year (27.4%) exceeds its 5-year average (0.6% per year).

Earnings vs Industry: BTS earnings growth over the past year (27.4%) exceeded the Banks industry 5.5%.


Return on Equity

High ROE: BTS's Return on Equity (7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bank für Tirol und Vorarlberg'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: BTS has a low level of unsold assets or inventory.

Debt Coverage by Assets: BTS's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: Insufficient data to determine if BTS has an appropriate level of bad loans.


Next Steps

Dividend

What is Bank für Tirol und Vorarlberg's current dividend yield, its reliability and sustainability?

1.01%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.6%markettop25%4.4%industryaverage3.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BTS's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (1.6%).

High Dividend: BTS's dividend (1.03%) is low compared to the top 25% of dividend payers in the Austrian market (4.17%).


Stability and Growth of Payments

Stable Dividend: BTS is not paying a notable dividend for the Austrian market, therefore no need to check if payments are stable.

Growing Dividend: BTS is not paying a notable dividend for the Austrian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: BTS is not paying a notable dividend for the Austrian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BTS's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.


Next Steps

Management

What is the CEO of Bank für Tirol und Vorarlberg's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Gerhard Burtscher (52yo)

4yrs

Tenure

0

Mr. Gerhard Burtscher serves as Supervisory Board Chairman at BKS Bank AG and has been its Supervisory Board member since May 19, 2016. Mr. Burtscher has been the Chairman of Executive Board and Chief Exec ...


Management Age and Tenure

4.0yrs

Average Tenure

Experienced Management: BTS's management team is considered experienced (4 years average tenure).


Board Age and Tenure

13.7yrs

Average Tenure

59yo

Average Age

Experienced Board: BTS's board of directors are seasoned and experienced ( 13.7 years average tenure).


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 10.4%.


Management Team

  • Gerhard Burtscher (52yo)

    Chairman of Executive Board & CEO

    • Tenure: 4yrs
  • Michael Perger

    Member of the Executive Board

    • Tenure: 4yrs
  • Mario Pabst

    Director of the Finance & Controlling Division and Member of the Executive Board

    • Tenure: 4yrs
  • Manuela Bauer

    Head of Finance & Controlling

    • Barbara Riesner

      Marketing & Communication

      • Daniel Stöckl-Leitner

        Head of Marketing


        Board Members

        • Karl Samstag (75yo)

          Supervisory Board Member

          • Tenure: 17.8yrs
          • Compensation: €11.36k
        • Johannes Collini (66yo)

          Supervisory Board Member

          • Tenure: 19.8yrs
          • Compensation: €11.48k
        • Hermann Bell

          Honorary President of Supervisory Board

          • Franz Gasselsberger (60yo)

            Chairman of the Supervisory Board

            • Tenure: 13.7yrs
            • Compensation: €17.84k
          • Stefan Abenthung (58yo)

            Employee representative Supervisory Board Member

            • Tenure: 17.8yrs
          • Herta Stockbauer (59yo)

            Supervisory Board Deputy Chairman

            • Tenure: 5.7yrs
          • Birgit Fritsche (47yo)

            Employee representative Supervisory Board Member

            • Tenure: 13.8yrs
          • Andreas König (59yo)

            Member of Supervisory Board

            • Tenure: 13.7yrs
            • Compensation: €11.72k
          • Harald Gapp (48yo)

            Employee representative Supervisory Board Member

            • Tenure: 12yrs
          • Pascal Broschek (50yo)

            Supervisory Board Member

            • Tenure: 13.7yrs
            • Compensation: €11.48k

          Company Information

          Bank für Tirol und Vorarlberg AG's company bio, employee growth, exchange listings and data sources


          Key Information

          • Name: Bank für Tirol und Vorarlberg AG
          • Ticker: BTS
          • Exchange: WBAG
          • Founded: 1904
          • Industry: Diversified Banks
          • Sector: Banks
          • Market Cap: €1.000b
          • Shares outstanding: 33.94m
          • Website: https://www.btv.at

          Number of Employees


          Location

          • Bank für Tirol und Vorarlberg AG
          • Stadtforum 1
          • Innsbruck
          • Tyrol
          • 6020
          • Austria

          Listings

          TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
          BTSWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
          BTVWBAG (Wiener Boerse AG)Preferred SharesATEURNov 1993
          0D21LSE (London Stock Exchange)Preferred SharesGBEURNov 1993

          Biography

          Bank für Tirol und Vorarlberg AG, together with its subsidiaries, provides various corporate and retail banking products and services in Austria, Germany, Vienna, Bavaria, Eastern Switzerland, and Northern Italy. It operates through five segments: Corporate Customer, Retail Customer, Institutional Clients and Banks, Leasing, and Cable Cars. The company offers current accounts and savings products, as well as asset management services; financial investments; residential construction and export financing; and leasing and insurance services. It also provides securities, bank guarantees, currency risk hedging, development loans, and payment transaction services; e-banking services; and bonds, equity, etc. In addition, the company engages in treasury and trading activities; and provision of funicular railways and other tourism operations. It serves small, medium, and large business clients, as well as chartered accountants and auditors; and retail clients, freelance professionals, and micro-companies markets. Bank für Tirol und Vorarlberg AG was founded in 1904 and is headquartered in Innsbruck, Austria. 


          Company Analysis and Financial Data Status

          All financial data provided by Standard & Poor's Capital IQ.
          DataLast Updated (UTC time)
          Company Analysis2020/01/28 20:46
          End of Day Share Price2020/01/16 00:00
          Earnings2019/09/30
          Annual Earnings2018/12/31


          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.