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RBI

Raiffeisen Bank InternationalWBAG:RBI Stock Report

Last Price

€25.36

Market Cap

€8.3b

7D

-5.4%

1Y

44.2%

Updated

19 Jan, 2022

Data

Company Financials +
RBI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health4/6
Dividends3/6

RBI Stock Overview

Raiffeisen Bank International AG, together with its subsidiaries, provides corporate, retail, and investment banking services.

Raiffeisen Bank International Competitors

Erste Group Bank

WBAG:EBS

€17.6b

Royal Bank of Canada

TSX:RY

CA$209.4b

Toronto-Dominion Bank

TSX:TD

CA$185.2b

BNP Paribas

ENXTPA:BNP

€80.5b

Price History & Performance

Summary of all time highs, changes and price drops for Raiffeisen Bank International
Historical stock prices
Current Share Price€25.36
52 Week High€29.50
52 Week Low€15.87
Beta1.53
1 Month Change1.36%
3 Month Change2.67%
1 Year Change44.17%
3 Year Change4.53%
5 Year Change18.56%
Change since IPO-38.73%

Recent News & Updates

Shareholder Returns

RBIAT BanksAT Market
7D-5.4%-1.6%-0.2%
1Y44.2%44.8%25.6%

Return vs Industry: RBI underperformed the Austrian Banks industry which returned 47.4% over the past year.

Return vs Market: RBI exceeded the Austrian Market which returned 26.9% over the past year.

Price Volatility

Is RBI's price volatile compared to industry and market?
RBI volatility
RBI Average Weekly Movement5.6%
Banks Industry Average Movement3.5%
Market Average Movement3.8%
10% most volatile stocks in AT Market5.8%
10% least volatile stocks in AT Market2.3%

Stable Share Price: RBI is more volatile than 75% of Austrian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: RBI's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Austrian stocks.

About the Company

FoundedEmployeesCEOWebsite
188645,825Johann Stroblhttps://www.rbinternational.com

Raiffeisen Bank International AG, together with its subsidiaries, provides corporate, retail, and investment banking services. The company offers cross border accounts; and cash management services, such as account, reporting, payment, clearing, settlement, and cash pooling services; electronic banking; and SEPA and cross-border payments to billing solutions. It also provides investor services, including custody and fund administration services, as well as execution services comprising electronic sales trading, direct market access, and fund brokerage services; trade, working capital, export, sustainable, and real estate finance services, as well as commodity and structured trade, project, and supply chain finance products; and cards.

Raiffeisen Bank International Fundamentals Summary

How do Raiffeisen Bank International's earnings and revenue compare to its market cap?
RBI fundamental statistics
Market Cap€8.33b
Earnings (TTM)€1.17b
Revenue (TTM)€5.17b

7.1x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RBI income statement (TTM)
Revenue€5.17b
Cost of Revenue€0
Gross Profit€5.17b
Expenses€4.01b
Earnings€1.17b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 02, 2022

Earnings per share (EPS)3.55
Gross Margin100.00%
Net Profit Margin22.56%
Debt/Equity Ratio244.1%

How did RBI perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is Raiffeisen Bank International undervalued compared to its fair value and its price relative to the market?

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RBI (€25.36) is trading below our estimate of fair value (€41.04)

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


Price To Earnings Ratio

PE vs Industry: RBI is good value based on its PE Ratio (7.1x) compared to the Austrian Banks industry average (12.5x).

PE vs Market: RBI is good value based on its PE Ratio (7.1x) compared to the Austrian market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: RBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: RBI's PB Ratio (0.6x) is in line with the AT Banks industry average.


Future Growth

How is Raiffeisen Bank International forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

-1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBI's earnings are forecast to decline over the next 3 years (-1.5% per year).

Earnings vs Market: RBI's earnings are forecast to decline over the next 3 years (-1.5% per year).

High Growth Earnings: RBI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: RBI's revenue (4.6% per year) is forecast to grow faster than the Austrian market (3.8% per year).

High Growth Revenue: RBI's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RBI's Return on Equity is forecast to be low in 3 years time (8.3%).


Past Performance

How has Raiffeisen Bank International performed over the past 5 years?

6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBI has high quality earnings.

Growing Profit Margin: RBI's current net profit margins (22.6%) are higher than last year (18.2%).


Past Earnings Growth Analysis

Earnings Trend: RBI's earnings have grown by 6% per year over the past 5 years.

Accelerating Growth: RBI's earnings growth over the past year (31.9%) exceeds its 5-year average (6% per year).

Earnings vs Industry: RBI earnings growth over the past year (31.9%) underperformed the Banks industry 63.7%.


Return on Equity

High ROE: RBI's Return on Equity (9%) is considered low.


Financial Health

How is Raiffeisen Bank International'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


Financial Institutions Analysis

Asset Level: RBI's Assets to Equity ratio (12.4x) is moderate.

Allowance for Bad Loans: RBI has a low allowance for bad loans (91%).

Low Risk Liabilities: 74% of RBI's liabilities are made up of primarily low risk sources of funding.

Loan Level: RBI has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: RBI's Loans to Deposits ratio (90%) is appropriate.

Level of Bad Loans: RBI has a high level of bad loans (2.4%).


Dividend

What is Raiffeisen Bank International current dividend yield, its reliability and sustainability?

1.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RBI's dividend (1.89%) is higher than the bottom 25% of dividend payers in the Austrian market (1.31%).

High Dividend: RBI's dividend (1.89%) is low compared to the top 25% of dividend payers in the Austrian market (3.48%).


Stability and Growth of Payments

Stable Dividend: RBI's dividend payments have been volatile in the past 10 years.

Growing Dividend: RBI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.5%), RBI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RBI's dividends in 3 years are forecast to be well covered by earnings (26.2% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Johann Strobl (62 yo)

11.25yrs

Tenure

€2,146,000

Compensation

Dr. Johann Strobl is Member of Management Board and Chief Executive Officer at Raiffeisen Bankengruppe Auf Bundesebene (B-Ips). He serves as Member of Supervisory Board at Oesterreichische Kontrollbank AG...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Johann's total compensation is reasonable compared to companies of similar size in the Austrian market.

Compensation vs Earnings: Johann's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: RBI's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: RBI's board of directors are considered experienced (8.6 years average tenure).


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

Raiffeisen Bank International AG's employee growth, exchange listings and data sources


Key Information

  • Name: Raiffeisen Bank International AG
  • Ticker: RBI
  • Exchange: WBAG
  • Founded: 1886
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: €8.334b
  • Shares outstanding: 328.62m
  • Website: https://www.rbinternational.com

Number of Employees


Location

  • Raiffeisen Bank International AG
  • Am Stadtpark 9
  • Vienna
  • Vienna
  • 1030
  • Austria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 21:14
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.