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BBC

BNK Banking ASX:BBC Stock Report

Last Price

AU$0.98

Market Cap

AU$115.8m

7D

-1.0%

1Y

30.7%

Updated

27 Jun, 2022

Data

Company Financials
BBC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

BBC Stock Overview

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

BNK Banking Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BNK Banking
Historical stock prices
Current Share PriceAU$0.98
52 Week HighAU$1.31
52 Week LowAU$0.73
Beta0.87
1 Month Change-12.89%
3 Month Change-22.22%
1 Year Change30.67%
3 Year Change50.77%
5 Year Change-2.49%
Change since IPO-2.00%

Recent News & Updates

Sep 21
Here's Why I Think BNK Banking (ASX:BBC) Might Deserve Your Attention Today

Here's Why I Think BNK Banking (ASX:BBC) Might Deserve Your Attention Today

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

BBCAU BanksAU Market
7D-1.0%3.2%1.4%
1Y30.7%-12.7%-11.3%

Return vs Industry: BBC exceeded the Australian Banks industry which returned -12.7% over the past year.

Return vs Market: BBC exceeded the Australian Market which returned -11.3% over the past year.

Price Volatility

Is BBC's price volatile compared to industry and market?
BBC volatility
BBC Average Weekly Movement3.5%
Banks Industry Average Movement3.5%
Market Average Movement9.7%
10% most volatile stocks in AU Market16.3%
10% least volatile stocks in AU Market4.2%

Stable Share Price: BBC is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BBC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982n/aAllan Savinshttps://bnk.com.au

BNK Banking Corporation Limited provides various retail banking products and services in Australia. It operates through two segments, Banking and Aggregation segments. The company accepts various deposit products, including savings accounts, term deposits, and business accounts; and provides home, personal, car, and business loans under the Goldfields Money and Better Choice Home Loans brands to its retail and small business customers.

BNK Banking Fundamentals Summary

How do BNK Banking's earnings and revenue compare to its market cap?
BBC fundamental statistics
Market CapAU$115.84m
Earnings (TTM)AU$5.57m
Revenue (TTM)AU$42.11m

20.8x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BBC income statement (TTM)
RevenueAU$42.11m
Cost of RevenueAU$0
Gross ProfitAU$42.11m
Other ExpensesAU$36.54m
EarningsAU$5.57m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.047
Gross Margin100.00%
Net Profit Margin13.24%
Debt/Equity Ratio112.9%

How did BBC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BBC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

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

BBC PE Ratio vs Peers
The above table shows the PE ratio for BBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.4x
BOQ Bank of Queensland
10.5x9.3%AU$4.4b
BEN Bendigo and Adelaide Bank
8.6x0.8%AU$5.1b
KSL Kina Securities
8x23.6%AU$235.3m
LCB Logan Community Financial Services
7xn/aAU$1.6m
BBC BNK Banking
20.8xn/aAU$115.8m

Price-To-Earnings vs Peers: BBC is expensive based on its Price-To-Earnings Ratio (20.8x) compared to the peer average (8.4x).


Price to Earnings Ratio vs Industry

How does BBC's PE Ratio compare vs other companies in the Global Banks Industry?

Price-To-Earnings vs Industry: BBC is expensive based on its Price-To-Earnings Ratio (20.8x) compared to the Global Banks industry average (9.1x)


Price to Earnings Ratio vs Fair Ratio

What is BBC'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.

BBC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BBC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: BBC (A$0.98) is trading above our estimate of fair value (A$0.44)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.0%

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.


Discover growth companies

  • Examine BNK Banking's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • BNK Banking competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has BNK Banking performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


49.9%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: BBC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BBC has become profitable over the past 5 years, growing earnings by 49.9% per year.

Accelerating Growth: BBC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BBC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (16.5%).


Return on Equity

High ROE: BBC's Return on Equity (4.2%) is considered low.


Discover strong past performing companies

Financial Health

How is BNK Banking's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BBC's Assets to Equity ratio (13x) is moderate.

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

Low Risk Liabilities: 52% of BBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: BBC has an appropriate level of Loans to Assets ratio (43%).

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

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


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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

Earnings 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.


Discover strong dividend paying companies

Management

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

1.7yrs

Average management tenure


CEO

Allan Savins

3.75yrs

Tenure

AU$466,123

Compensation

Mr. Allan Savins serves as Chief Executive Officer of BNK Banking Corporation Limited since May 03, 2022. He had been Interim Chief Executive Officer of BNK Banking Corporation Limited since December 17, 2...


CEO Compensation Analysis

Compensation vs Market: Allan's total compensation ($USD323.97K) is about average for companies of similar size in the Australian market ($USD288.24K).

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


Leadership Team

Experienced Management: BBC's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: BBC's board of directors are not considered experienced ( 1.9 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 been diluted in the past year, with total shares outstanding growing by 3.5%.


Top Shareholders

Company Information

BNK Banking Corporation Limited's 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
  • Implied Market Cap: AU$115.839m
  • Shares outstanding: 118.20m
  • Website: https://bnk.com.au

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.