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Market Cap

AU$70.7m

Last Updated

2021/05/13 08:33 UTC

Data Sources

Company Financials

Executive Summary

BNK Banking Corporation Limited provides various retail banking products and services in Australia. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has BNK Banking's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BBC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BBC's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

1.4%

BBC

-0.4%

AU Banks

-0.7%

AU Market


1 Year Return

71.4%

BBC

65.1%

AU Banks

35.4%

AU Market

Return vs Industry: BBC exceeded the Australian Banks industry which returned 65.1% over the past year.

Return vs Market: BBC exceeded the Australian Market which returned 35.4% over the past year.


Shareholder returns

BBCIndustryMarket
7 Day1.4%-0.4%-0.7%
30 Day4.3%2.4%0.8%
90 Day-2.0%9.8%2.5%
1 Year71.4%71.4%70.1%65.1%39.6%35.4%
3 Year-48.3%-48.6%20.8%4.7%30.2%14.8%
5 Year-15.9%-16.3%34.0%4.1%61.7%31.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is BNK Banking undervalued compared to its fair value and its price relative to the market?

14.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BBC (A$0.72) is trading above our estimate of fair value (A$0.48)

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


Price To Earnings Ratio

PE vs Industry: BBC is good value based on its PE Ratio (14.9x) compared to the Australian Banks industry average (15.3x).

PE vs Market: BBC is good value based on its PE Ratio (14.9x) compared to the Australian market (20.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Future Growth

How is BNK Banking forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.0%

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 BNK Banking 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.


Past Performance

How has BNK Banking performed over the past 5 years?

70.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BBC has a high level of non-cash earnings.

Growing Profit Margin: BBC's current net profit margins (12.6%) are lower than last year (16.2%).


Past Earnings Growth Analysis

Earnings Trend: BBC's earnings have grown significantly by 70.5% per year over the past 5 years.

Accelerating Growth: BBC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BBC had negative earnings growth (-24.2%) over the past year, making it difficult to compare to the Banks industry average (-0.7%).


Return on Equity

High ROE: BBC's Return on Equity (3.9%) is considered low.


Financial Health

How is BNK Banking'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: BBC's Assets to Equity ratio (8.3x) is low.

Allowance for Bad Loans: BBC has a sufficient allowance for bad loans (141%).

Low Risk Liabilities: 53% of BBC's liabilities are made up of primarily higher risk sources of funding.

Loan Level: BBC has an appropriate level of Loans to Assets ratio (32%).

Low Risk Deposits: BBC's Loans to Deposits ratio (78%) is appropriate.

Level of Bad Loans: BBC has an appropriate level of bad loans (0.1%).


Dividend

What is BNK Banking current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BBC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BBC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BBC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BBC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Brett Morgan

0.58

Tenure

Mr. Brett Alexander Morgan has been Chief Executive Officer of BNK Banking Corporation Ltd. since October 12, 2020. Mr. Morgan served as Chief Operating Officer at InLoop Pty Limited until 2019. Mr. Morgan...


Leadership Team

Experienced Management: BBC's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: BBC's board of directors are not considered experienced ( 1.7 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

BNK Banking Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BNK Banking Corporation Limited
  • Ticker: BBC
  • Exchange: ASX
  • Founded: 1982
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: AU$70.664m
  • Shares outstanding: 95.49m
  • Website: https://bnk.com.au

Location

  • BNK Banking Corporation Limited
  • 191 St George’s Terrace
  • Level 14
  • Perth
  • Western Australia
  • 6430
  • Australia

Listings


Biography

BNK Banking Corporation Limited provides various retail banking products and services in Australia. It operates through three segments: Banking, Wholesale Mortgage Management, and Aggregation segments. The...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/13 08:33
End of Day Share Price2021/05/13 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.