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Raiffeisen Bank International

WBAG:RBI
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RBI
WBAG
€7B
Market Cap
  1. Home
  2. AT
  3. Banks
Company description

Raiffeisen Bank International AG, together with its subsidiaries, provides corporate, retail, and investment banking services. The last earnings update was 7 days ago. More info.


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RBI Share Price and Events
7 Day Returns
0.1%
WBAG:RBI
-1.8%
AT Banks
-0.1%
AT Market
1 Year Returns
-24.9%
WBAG:RBI
-13.7%
AT Banks
-10.1%
AT Market
RBI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Raiffeisen Bank International (RBI) 0.1% -9.1% -5.1% -24.9% 82.7% -10.7%
AT Banks -1.8% -8.5% -0.1% -13.7% 50.2% 20.3%
AT Market -0.1% -6.1% -0.3% -10.1% 39.5% 22.8%
1 Year Return vs Industry and Market
  • RBI underperformed the Banks industry which returned -13.7% over the past year.
  • RBI underperformed the Market in Austria which returned -10.1% over the past year.
Price Volatility
RBI
Industry
5yr Volatility vs Market

RBI Value

 Is Raiffeisen Bank International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Raiffeisen Bank International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Raiffeisen Bank International.

WBAG:RBI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 12 analysts.
= Stable Book Value * Return on Equity
= €38.64 * 9.6%
€3.71
Book Value of Equity per Share Weighted future Book Value estimates from 11 analysts. €38.64
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:RBI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 25%) (208.48%))
1.336
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.336 * 6.51%)
9.21%

Discounted Cash Flow Calculation for WBAG:RBI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Raiffeisen Bank International is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

WBAG:RBI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.6% – 9.21%) * €38.64)
€0.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.15 / (9.21% - 0.51%)
€1.76
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €38.64 + €1.76
€40.41
WBAG:RBI Discount to Share Price
Calculation Result
Value per share (EUR) From above. €40.41
Current discount Discount to share price of €21.82
= -1 x (€21.82 - €40.41) / €40.41
46%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Raiffeisen Bank International is available for.
Intrinsic value
46%
Share price is €21.82 vs Future cash flow value of €40.41
Current Discount Checks
For Raiffeisen Bank International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Raiffeisen Bank International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Raiffeisen Bank International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Raiffeisen Bank International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Raiffeisen Bank International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:RBI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €3.15
WBAG:RBI Share Price ** WBAG (2019-05-22) in EUR €21.82
Austria Banks Industry PE Ratio Median Figure of 7 Publicly-Listed Banks Companies 8.33x
Austria Market PE Ratio Median Figure of 54 Publicly-Listed Companies 14.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Raiffeisen Bank International.

WBAG:RBI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:RBI Share Price ÷ EPS (both in EUR)

= 21.82 ÷ 3.15

6.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raiffeisen Bank International is good value based on earnings compared to the AT Banks industry average.
  • Raiffeisen Bank International is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Raiffeisen Bank International's expected growth come at a high price?
Raw Data
WBAG:RBI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
4.9%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.77x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

WBAG:RBI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.93x ÷ 4.9%

1.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raiffeisen Bank International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Raiffeisen Bank International's assets?
Raw Data
WBAG:RBI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €36.81
WBAG:RBI Share Price * WBAG (2019-05-22) in EUR €21.82
Austria Banks Industry PB Ratio Median Figure of 7 Publicly-Listed Banks Companies 0.6x
Austria Market PB Ratio Median Figure of 61 Publicly-Listed Companies 1.2x
WBAG:RBI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:RBI Share Price ÷ Book Value per Share (both in EUR)

= 21.82 ÷ 36.81

0.59x

* Primary Listing of Raiffeisen Bank International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raiffeisen Bank International is good value based on assets compared to the AT Banks industry average.
X
Value checks
We assess Raiffeisen Bank International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Raiffeisen Bank International has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RBI Future Performance

 How is Raiffeisen Bank International expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Raiffeisen Bank International expected to grow at an attractive rate?
  • Raiffeisen Bank International's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Raiffeisen Bank International's earnings growth is positive but not above the Austria market average.
  • Raiffeisen Bank International's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:RBI Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:RBI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 4.9%
WBAG:RBI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 4.2%
Austria Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.5%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:RBI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:RBI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,454
2022-12-31 1,389
2021-12-31 5,686 1,205 9
2020-12-31 5,518 1,184 10
2019-12-31 5,297 1,175 10
WBAG:RBI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 4,761 6,984 1,035
2018-12-31 4,961 7,567 1,209
2018-09-30 5,100 1,805 1,339
2018-06-30 4,973 -658 1,244
2018-03-31 4,985 -2,467 1,262
2017-12-31 4,805 -5,256 1,097
2017-09-30 4,594 2,487 970
2017-06-30 4,406 6,005 832
2017-03-31 4,089 6,754 569
2016-12-31 3,874 1,336 463
2016-09-30 3,747 1,153 312
2016-06-30 3,788 1,857 314

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Raiffeisen Bank International's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
  • Raiffeisen Bank International's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:RBI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Raiffeisen Bank International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:RBI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.32 4.32 4.32 1.00
2022-12-31 4.23 4.37 4.08 2.00
2021-12-31 3.69 4.22 2.95 9.00
2020-12-31 3.60 3.97 3.18 11.00
2019-12-31 3.54 3.69 3.32 8.00
WBAG:RBI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 3.15
2018-12-31 3.68
2018-09-30 4.07
2018-06-30 3.78
2018-03-31 3.83
2017-12-31 3.34
2017-09-30 3.04
2017-06-30 2.68
2017-03-31 1.89
2016-12-31 1.58
2016-09-30 1.07
2016-06-30 1.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Raiffeisen Bank International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Raiffeisen Bank International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Austria market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Raiffeisen Bank International has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RBI Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Raiffeisen Bank International's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Raiffeisen Bank International has delivered over 20% year on year earnings growth in the past 5 years.
  • Raiffeisen Bank International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Raiffeisen Bank International's 1-year earnings growth is negative, it can't be compared to the AT Banks industry average.
Earnings and Revenue History
Raiffeisen Bank International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Raiffeisen Bank International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:RBI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,761.07 1,035.01 3,032.76
2018-12-31 4,961.07 1,209.01 3,047.76
2018-09-30 5,099.58 1,338.53 3,025.90
2018-06-30 4,972.58 1,243.53 3,001.90
2018-03-31 4,984.58 1,261.53 3,006.90
2017-12-31 4,804.58 1,096.53 3,010.90
2017-09-30 4,594.15 970.10 2,952.93
2017-06-30 4,406.15 832.10 2,904.93
2017-03-31 4,089.15 569.10 2,839.93
2016-12-31 3,874.15 463.10 2,813.93
2016-09-30 3,747.04 311.85 2,851.74
2016-06-30 3,788.04 313.85 2,902.74
2016-03-31 3,748.04 409.85 2,890.74
2015-12-31 3,701.04 378.85 2,863.74
2015-09-30 3,463.58 -380.85 2,765.48
2015-06-30 3,418.58 -685.85 2,797.48
2015-03-31 3,610.58 -694.85 2,910.48
2014-12-31 3,727.58 -616.85 2,974.48
2014-09-30 4,242.34 171.34 3,134.61
2014-06-30 4,336.34 424.34 3,202.61
2014-03-31 4,307.34 361.34 3,236.61
2013-12-31 4,306.34 357.34 3,269.61
2013-09-30 4,127.72 98.69 3,352.10
2013-06-30 4,068.72 105.69 3,357.10
2013-03-31 4,003.72 145.69 3,292.10
2012-12-31 4,278.72 529.69 3,258.10
2012-09-30 4,752.54 864.66 3,169.44
2012-06-30 4,668.54 853.66 3,124.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Raiffeisen Bank International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Raiffeisen Bank International used its assets less efficiently than the AT Banks industry average last year based on Return on Assets.
  • Unable to establish if Raiffeisen Bank International improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Raiffeisen Bank International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Raiffeisen Bank International has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RBI Health

 How is Raiffeisen Bank International's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Raiffeisen Bank International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Raiffeisen Bank International Company Filings, last reported 1 month ago.

WBAG:RBI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 12,836.00 14,949.00 28,644.00
2018-12-31 12,413.36 12,473.62 26,591.69
2018-09-30 12,331.00 15,346.00 13,014.00
2018-06-30 11,969.00 14,499.00 14,210.00
2018-03-31 12,000.00 14,432.00 13,752.00
2017-12-31 11,241.35 11,799.76 12,004.93
2017-09-30 11,054.00 13,129.00 8,498.00
2017-06-30 10,233.00 14,565.00 8,924.00
2017-03-31 10,067.00 15,258.00 9,082.00
2016-12-31 9,232.13 17,860.15 9,364.59
2016-09-30 9,021.00 15,966.00 9,314.00
2016-06-30 8,724.00 16,769.00 9,274.00
2016-03-31 8,658.00 16,695.00 9,575.00
2015-12-31 8,500.97 21,381.43 8,827.35
2015-09-30 8,624.00 17,725.00 9,154.00
2015-06-30 8,784.00 18,884.00 10,010.00
2015-03-31 8,654.00 21,213.00 11,620.00
2014-12-31 8,177.72 28,271.64 11,935.20
2014-09-30 9,820.00 20,199.00 21,023.00
2014-06-30 10,845.00 19,880.00 21,279.00
2014-03-31 12,822.00 20,534.00 17,380.00
2013-12-31 10,363.80 26,552.84 11,087.55
2013-09-30 10,354.00 22,769.00 20,986.00
2013-06-30 10,429.00 22,442.00 18,268.00
2013-03-31 11,061.00 23,397.00 19,098.00
2012-12-31 10,872.89 33,580.51 13,514.11
2012-09-30 11,136.00 29,000.00 32,064.00
2012-06-30 10,850.00 32,507.00 36,370.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Raiffeisen Bank International has an acceptable proportion of non-loan assets held.
  • Raiffeisen Bank International's liabilities are made up of primarily low risk sources of funding.
  • Loans at Raiffeisen Bank International are broadly funded by customer deposits.
  • Raiffeisen Bank International's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Raiffeisen Bank International has a low allowance for bad loans.
  • Raiffeisen Bank International has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Raiffeisen Bank International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Raiffeisen Bank International has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RBI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.26%
Current annual income from Raiffeisen Bank International dividends. Estimated to be 5.95% next year.
If you bought €2,000 of Raiffeisen Bank International shares you are expected to receive €85 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Raiffeisen Bank International's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.36%).
  • Raiffeisen Bank International's dividend is below the markets top 25% of dividend payers in Austria (4.44%).
Upcoming dividend payment

Purchase Raiffeisen Bank International before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:RBI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Austria Banks Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.9%
Austria Market Average Dividend Yield Market Cap Weighted Average of 51 Stocks 3.5%
Austria Minimum Threshold Dividend Yield 10th Percentile 1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:RBI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.75 1.00
2021-12-31 1.46 13.00
2020-12-31 1.31 16.00
2019-12-31 1.12 15.00
WBAG:RBI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.930 4.237
2018-11-14 0.620 2.670
2018-03-14 0.620 2.317
2018-02-07 0.620 1.943
2015-11-13 0.000 0.000
2015-11-12 0.000 0.000
2015-08-19 0.000 0.000
2015-08-13 0.000 0.000
2015-04-30 0.000 0.000
2015-03-25 0.000 0.000
2015-02-09 0.000 0.000
2014-06-04 1.020 6.204
2013-02-20 1.170 4.640
2012-03-29 1.050 3.789
2011-03-11 1.050 4.009
2010-03-23 0.200 0.541

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raiffeisen Bank International has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Raiffeisen Bank International only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Raiffeisen Bank International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Raiffeisen Bank International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Raiffeisen Bank International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Raiffeisen Bank International has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RBI Management

 What is the CEO of Raiffeisen Bank International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Johann Strobl
COMPENSATION €2,297,000
AGE 59
TENURE AS CEO 2.2 years
CEO Bio

Dr. Johann Strobl has been Chairman of Management Board and Chief Executive Officer at Raiffeisen Bank International AG since March 18, 2017 and has been its Member of Management Board since October 10, 2010. Dr. Strobl has been the Chief Executive Officer and Member of Management Board of Raiffeisen Zentralbank Österreich AG since January 24, 2017. Dr. Strobl served as the Chief Risk Officer at Raiffeisen Bank International AG from September 22, 2010. Dr. Strobl served as Deputy Chief Executive Officer of Raiffeisen Bank International AG since June 2013 and served as its Acting Chief Operating Officer. Dr. Strobl was responsible for Risk Controlling, Financial Institutions and Country Risk & Group Portfolio Management, Retail Risk Management, Credit Management Corporates, Workout and Risk Excellence & Projects. He served as a Member of Management Board at Raiffeisen Zentralbank Österreich Aktiengesellschaft since October 1, 2007 and also served as its Chief Risk Officer since 2007. He serves as Deputy Chairman of Management Board at Raiffeisen Bank International AG. He served as the Chief Financial Officer of UniCredit Bank Austria AG from April 1, 2006 to October 2007 and also served as its Chief Risk Officer since April 2006. He has been active for the BA-CA Group since 1989. He served as a Member of Managing Board at Bank Austria Wohnbau Gewinnscheine and UniCredit Bank Austria AG from January 27, 2004 to August 3, 2007. From 1989 to 2004, Dr. Strobl held various management positions within UniCredit Bank including Head of Market Risk Management, Head of Group Risk Management and Head of Treasury and Financial Markets. He served as Deputy Head of the Money Desk and Asset/Liability Management Support Department of Creditanstalt 1997; Head of Market Risk Management at Creditanstalt 1998; Head of Risk Management Division of Austria Group (Bank Austria Creditanstalt) 2000; Head of Treasury and Financial Markets Division of Austria Group (INM) since 2003; Divisional Board Member within HVB and BA-CA as Chief Market Risk Officer and Head of Risk Control from January 2004 to September 2006. He has been the Chairman of the Supervisory Board at Joint Stock Company Raiffeisenbank since May 29, 2017. He served as the Chairman of Raiffeisen Bank Zrt. He served as a Deputy Chairman of the Supervisory Board at Joint Stock Company Raiffeisenbank until May 29, 2017. He served as Deputy Chairman of Supervisory Board at Raiffeisen Centrobank AG and also served as its Member of Supervisory Board since April 23, 2008. He has been a Member of Supervisory Board at Raiffeisenbank a.s. since April 28, 2014. He has been a Member of the Supervisory Board at Tatra Banka a.s. since July 1, 2014. He serves as a Member of the Supervisory Board at ZAO Raiffeisenbank Austria and Raiffeisen Bank Polska S.A. He serves as a Member of the Supervisory Board at Raiffeisen Bank S.A. since August 14, 2015. He serves as Chiarman of Supervisory board at Raiffeisen Bank S.A. He served as a Member of the Supervisory Board at Bank für Tirol und Vorarlberg Aktiengesellschaft until May 10, 2006. Dr. Strobl served as a Member of Supervisory Board at Raiffeisen International Bank-Holding AG from June 10, 2008 to October 10, 2010. He served as a Member of Supervisory Board at Bank Fuer Tirol & Vorarlberg AG until May 10, 2006. Dr. Strobl served as a Member of Supervisory Board of Oesterreichische Kontrollbank Aktiengesellschaft from May 24, 2004 to August 3, 2007. He served as Member of the Supervisory Board at UniCredit Bank Slovakia as from February 20, 2007 to September 12, 2007 and UniCredit Bank Czech Republic and Slovakia, a.s. (alternate name, UniCredit Bank Czech Republic a.s.) from March 28, 2007 to August 3, 2007. He served as a Member of Supervisory Board at Raiffeisen Bank S.A. (formerly Bank Przemyslowo - Handlowy PBK SA) until August 3, 2007. He served as a Member of Supervisory Board at Raiffeisen Bank International AG from June 10, 2008 to October 10, 2010. Dr. Strobl worked as University Assistant from 1984 to 1988. He was Assistant Professor at Vienna University of Economics and Business from 1983 to 1989. He holds Doctor of Economics and Business Administration from Vienna's University of Economics and Business Administration in 1988.

CEO Compensation
  • Johann's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for Johann to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Raiffeisen Bank International management team in years:

2.2
Average Tenure
52
Average Age
  • The tenure for the Raiffeisen Bank International management team is about average.
Management Team

Johann Strobl

TITLE
Chairman of the Board & CEO
COMPENSATION
€2M
AGE
59
TENURE
2.2 yrs

Martin Grüll

TITLE
CFO & Member of Management Board
COMPENSATION
€2M
AGE
59
TENURE
9.3 yrs

Peter Lennkh

TITLE
Member of Management Board
COMPENSATION
€2M
AGE
55
TENURE
14.6 yrs

Andreas Gschwenter

TITLE
COO, Chief Information Officer & Member of Management Board
COMPENSATION
€2M
AGE
49
TENURE
3.8 yrs

Hannes Mösenbacher

TITLE
Chief Risk Officer & Member of Management Board
COMPENSATION
€1M
AGE
46
TENURE
2.2 yrs

Andrii Stepanenko

TITLE
Member of Management Board & Retail Banking Executive
COMPENSATION
€720K
AGE
46
TENURE
1.2 yrs

Janusz Januszewski

TITLE
Member of Management Board & Markets & Investment Banking Executive
COMPENSATION
€779K
AGE
40
TENURE
1.2 yrs

Helmut Breit

TITLE
Head of Corporate Finance
AGE
61

Susanne E. Langer

TITLE
Head of Group Investor Relations

Christoph Lehner

TITLE
Head of Group Compliance
Board of Directors Tenure

Average tenure and age of the Raiffeisen Bank International board of directors in years:

5.9
Average Tenure
56
Average Age
  • The tenure for the Raiffeisen Bank International board of directors is about average.
Board of Directors

Erwin Hameseder

TITLE
Chairman of the Supervisory Board
COMPENSATION
€151K
AGE
62
TENURE
1.9 yrs

Heinrich Schaller

TITLE
Second Deputy Chairman of the Supervisory Board
COMPENSATION
€121K
AGE
59
TENURE
6.9 yrs

Martin Schaller

TITLE
First Deputy Chairman of the Supervisory Board
COMPENSATION
€127K
AGE
53
TENURE
4.9 yrs

Eva Eberhartinger

TITLE
Supervisory Board Member
COMPENSATION
€87K
AGE
50
TENURE
1.9 yrs

Erwin Tinhof

TITLE
Chairman of the Advisory Council
AGE
56
TENURE
0.9 yrs

Robert Lutschounig

TITLE
Deputy Chairman of the Advisory Council
TENURE
0.9 yrs

Rudolf Kortenhof

TITLE
Supervisory Board Member
AGE
57
TENURE
8.6 yrs

Peter Anzeletti-Reikl

TITLE
Supervisory Board Member
AGE
53
TENURE
8.6 yrs

Helge Rechberger

TITLE
Supervisory Board Member
AGE
51
TENURE
8.6 yrs

Günther Reibersdorfer

TITLE
Supervisory Board Member
COMPENSATION
€66K
AGE
64
TENURE
6.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Raiffeisen Bank International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Raiffeisen Bank International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RBI News

Simply Wall St News

Are You An Income Investor? Don't Miss Out On Raiffeisen Bank International AG (VIE:RBI)

In this case, Raiffeisen Bank International likely looks attractive to dividend investors, given its 4.0% dividend yield and nine-year payment history. … It's good to see Raiffeisen Bank International has been growing its earnings per share at 15% a year over the past 5 years. … Raiffeisen Bank International fits all of our criteria, and we think it's an attractive dividend idea that would warrant further investigation.

Simply Wall St -

Is It Time To Consider Buying Raiffeisen Bank International AG (VIE:RBI)?

Raiffeisen Bank International AG (VIE:RBI), operating in the financial services industry based in Austria,. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Raiffeisen Bank International’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Real Risks To Know Before Investing In Raiffeisen Bank International AG (VIE:RBI)

This is because bad debt is written off as an expense and impacts Raiffeisen Bank International’s bottom line and shareholders’ value. … I will take you through some useful measures of bad debt and liabilities in order to properly analyse Raiffeisen Bank International’s risk level before you invest in the stock. … Check out our latest analysis for Raiffeisen Bank International

Simply Wall St -

The Raiffeisen Bank International (VIE:RBI) Share Price Is Up 51% And Shareholders Are Holding On

For example, the Raiffeisen Bank International AG (VIE:RBI) share price is up 51% in the last three years, clearly besting than the market return of around 39% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Raiffeisen Bank International was able to grow its EPS at 42% per year over three years, sending the share price higher.

Simply Wall St -

What To Know Before Buying Raiffeisen Bank International AG (VIE:RBI) For Its Dividend

Historically, Raiffeisen Bank International AG (VIE:RBI) has paid dividends to shareholders, and these days it yields 3.2%. … Does Raiffeisen Bank International tick all the boxes of a great dividend stock? … See our latest analysis for Raiffeisen Bank International

Simply Wall St -

Does Raiffeisen Bank International AG (VIE:RBI) Have A Good P/E Ratio?

To keep it practical, we'll show how Raiffeisen Bank International AG's (VIE:RBI) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Raiffeisen Bank International's P/E ratio is 5.82. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Concerned About Raiffeisen Bank International AG’s (VIE:RBI) Liquidity?

As a small-cap finance stock with a market capitalisation of €7.9b, the risk and profitability of Raiffeisen Bank International AG (VIE:RBI) are largely tied to the underlying economic growth of the region it operates in AT. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Raiffeisen Bank International to vulnerabilities. … Its financial position may weaken in an adverse macro event such as political instability which is why it is crucial to understand how well the bank manages its risks.

Simply Wall St -

Are You Considering All The Risks For Raiffeisen Bank International AG’s (VIE:RBI)?

As a small bank, Raiffeisen Bank International’s profits are directly affected by macroeconomic events as the ability for borrowers to repay their debt depends on the stability of their salary and interest rate levels. … Bad debt is directly written off as an expense which impacts Raiffeisen Bank International’s bottom line and shareholders’ value. … I will take you through some useful measures of bad debt and liabilities in order to properly analyse Raiffeisen Bank International’s risk level before you invest in the stock.

Simply Wall St -

Raiffeisen Bank International AG (VIE:RBI): Are Analysts’ Forecast Signalling Trouble Ahead?

Looking at Raiffeisen Bank International AG's (VIE:RBI) earnings update in September 2018, … with earnings expected to decline by -7.9% in the upcoming year

Simply Wall St -

Is Raiffeisen Bank International AG (VIE:RBI) A Smart Choice For Dividend Investors?

Historically, Raiffeisen Bank International AG (VIE:RBI) has been paying a dividend to shareholders. … Let's dig deeper into whether Raiffeisen Bank International should have a place in your portfolio. … See our latest analysis for Raiffeisen Bank International

Simply Wall St -

RBI Company Info

Description

Raiffeisen Bank International AG, together with its subsidiaries, provides corporate, retail, and investment banking services. The company offers various financing products and services, including corporate finance, structured finance, corporate bonds, and factoring services; leasing services; investment solutions, such as securities, money market investments, and structured products for commercial, as well as institutional customers; currency, interest, and commodity hedging services, as well as trustee transaction processing services; and export financing comprising letters of credit and guarantees. It also provides investment banking services, which include advisory on bond issues, promissory notes, and private placements; arranging syndicated loans and structure asset based finance transactions; and assisting clients in mergers, acquisitions, sales, and privatizations to companies, financial institutions, and the public sector. In addition, the company offers traditional payments products, such as SEPA and cross-border-payments; electronic banking and e-business services; and international cash pooling and individual one-off payment solutions to commercial customers and financial institutions. Further, it provides fund administration/custodian bank, fund services sales, and fund services brokerage services, as well as infrastructure securities services; group securities services to institutional clients, such as custodians, broker/dealers, and investment funds; and credit and preload cards. The company has 2,159 business outlets in Central, Southeastern, and Eastern Europe. Raiffeisen Bank International AG is headquartered in Vienna, Austria.

Details
Name: Raiffeisen Bank International AG
RBI
Exchange: WBAG
Founded:
€7,170,432,038
328,617,417
Website: http://www.rbinternational.com
Address: Raiffeisen Bank International AG
Am Stadtpark 9,
Vienna,
Vienna, 1030,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG RBI Bearer Shares Wiener Boerse AG AT EUR 25. Apr 2005
OTCPK RAIF.F Bearer Shares Pink Sheets LLC US USD 25. Apr 2005
DB RAW Bearer Shares Deutsche Boerse AG DE EUR 25. Apr 2005
XTRA RAW Bearer Shares XETRA Trading Platform DE EUR 25. Apr 2005
LSE 0NXR Bearer Shares London Stock Exchange GB EUR 25. Apr 2005
SWX RBI Bearer Shares SIX Swiss Exchange CH CHF 25. Apr 2005
SEP RBI Bearer Shares The Stock Exchange Prague Co. Ltd. CZ CZK 25. Apr 2005
BATS-CHIXE RBIV Bearer Shares BATS 'Chi-X Europe' GB EUR 25. Apr 2005
OTCPK RAIF.Y ADR Pink Sheets LLC US USD 04. Nov 2009
Number of employees
Current staff
Staff numbers
47,264
Raiffeisen Bank International employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 21:16
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.