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KBC Ancora Stock Stability as CEO Steps Down and Leadership Transition Begins Frederik Vandepitte has stepped down as CEO of the Cera Group and KBC Ancora after a mutual agreement to end their collaboration.
Marc De Ceuster and Franky Depickere, longstanding members of the Day-to-Day Management Committee, have taken over Vandepitte's responsibilities to ensure continuity.
The process to appoint a new CEO for KBC Ancora has been initiated.
Leadership continuity through existing committee members reduces short-term operational disruption for KBC Ancora, even as the search for a new CEO gets underway.
The key question now is how the eventual CEO appointment might influence KBC Ancora's governance priorities and longer-term capital allocation approach. Declared Dividend • May 29
Dividend of €3.02 announced Shareholders will receive a dividend of €3.02. Ex-date: 2nd June 2026 Payment date: 4th June 2026 Dividend yield will be 3.7%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 5.7% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 28
KBC Ancora SA announces Annual dividend, payable on June 04, 2026 KBC Ancora SA announced Annual dividend of EUR 3.0240 per share payable on June 04, 2026, ex-date on June 02, 2026 and record date on June 03, 2026. Announcement • Jan 05
KBC Ancora SA to Report Fiscal Year 2026 Results on Sep 29, 2026 KBC Ancora SA announced that they will report fiscal year 2026 results at 5:40 PM, Central European Standard Time on Sep 29, 2026 Major Estimate Revision • Nov 09
Consensus revenue estimates increase by 14% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from €363.6m to €415.2m. EPS estimate increased from €4.63 to €5.29 per share. Net income forecast to grow 29% next year vs 7.4% growth forecast for Banks industry in Belgium. Consensus price target up from €60.00 to €85.00. Share price was steady at €69.20 over the past week. Price Target Changed • Nov 07
Price target increased by 44% to €85.00 Up from €59.00, the current price target is provided by 1 analyst. New target price is 23% above last closing price of €69.20. Stock is up 44% over the past year. The company is forecast to post earnings per share of €5.29 for next year compared to €4.10 last year. Buy Or Sell Opportunity • Oct 02
Now 20% undervalued Over the last 90 days, the stock has risen 13% to €67.60. The fair value is estimated to be €84.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 28% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Announcement • Oct 01
KBC Ancora SA, Annual General Meeting, Oct 31, 2025 KBC Ancora SA, Annual General Meeting, Oct 31, 2025. Announcement • Aug 30
KBC Ancora SA Announces Interim Dividend for the Financial Year 2025, Payable in November 2025 KBC Ancora SA announced that an interim dividend of EUR 1.00 per share will be distributed in November each year, as an advance payment on the total dividend in respect of the financial year. In its press release of 7 August 2025, KBC Group reaffirmed its intention, in line with its dividend policy, to distribute an interim dividend of EUR 1.00 per share in November 2025, as an advance payment on the total dividend in respect of the financial year 2025. New Risk • Aug 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • May 28
Dividend of €2.46 announced Shareholders will receive a dividend of €2.46. Ex-date: 3rd June 2025 Payment date: 5th June 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 27
KBC Ancora SA announces Annual dividend, payable on June 05, 2025 KBC Ancora SA announced Annual dividend of EUR 2.4570 per share payable on June 05, 2025, ex-date on June 03, 2025 and record date on June 04, 2025. Announcement • Jan 03
KBC Ancora SA to Report Fiscal Year 2025 Results on Sep 23, 2025 KBC Ancora SA announced that they will report fiscal year 2025 results at 5:40 PM, Central European Standard Time on Sep 23, 2025 Price Target Changed • Oct 13
Price target increased by 7.3% to €59.00 Up from €55.00, the current price target is provided by 1 analyst. New target price is 25% above last closing price of €47.05. Stock is up 26% over the past year. The company is forecast to post earnings per share of €4.79 for next year compared to €4.78 last year. New Risk • Aug 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • May 27
Dividend of €2.86 announced Shareholders will receive a dividend of €2.86. Ex-date: 4th June 2024 Payment date: 6th June 2024 Dividend yield will be 6.3%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 2.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 25
KBC Ancora SCA Announces Interim Dividend, Payable on 6 June 2024 The Board of Directors of Almancora Société de gestion, statutory director of KBC Ancora, decided at its meeting on 24 May 2024, to make an interim dividend payable on 6 June 2024, of EUR 4.09 gross per KBC Ancora share. The net coupon amount, after deduction of 30% withholding tax, is EUR 2.863 per share. Ex-date is on 4 June 2024 with Record date is on 5 June 2024. Payment date is on 6 June 2024. Announcement • Jan 27
KBC Ancora SCA, Annual General Meeting, Oct 25, 2024 KBC Ancora SCA, Annual General Meeting, Oct 25, 2024. Announcement • Nov 04
KBC Ancora SCA to Report Fiscal Year 2024 Results on Sep 24, 2024 KBC Ancora SCA announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Sep 24, 2024 New Risk • Jul 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 7.3% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director of Almancora Societe De Gestion SA Philippe Vanclooster was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 08
KBC Ancora SCA, Annual General Meeting, Oct 27, 2023 KBC Ancora SCA, Annual General Meeting, Oct 27, 2023. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €36.08, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 9x in the Banks industry in Europe. Total returns to shareholders of 4.9% over the past three years. Buying Opportunity • Jun 07
Now 27% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €52.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 110% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • May 31
Upcoming dividend of €4.54 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 09 June 2022. Trailing yield: 14%. Within top quartile of Belgian dividend payers (5.7%). Higher than average of industry peers (6.2%). Announcement • May 22
KBC Ancora Announces Interim Dividend, Payable on June 9, 2022 The Board of Directors of Almancora Société de gestion, statutory director of KBC Ancora, decided at its meeting on May 20, 2022, to make an interim dividend payable on June 9, 2022, of EUR 6.49 gross per KBC Ancora share. The net coupon amount, after deduction of 30% withholding tax, is EUR 4.543 per share. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director of Almancora Societe De Gestion SA Philippe Vanclooster was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Mar 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.4%. The fair value is estimated to be €50.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 110% per annum over the last 3 years. The company has become profitable over the last year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €33.76, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 9x in the Banks industry in Europe. Total loss to shareholders of 7.9% over the past three years. Buying Opportunity • Feb 24
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €50.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 110% per annum over the last 3 years. The company has become profitable over the last year. Announcement • Feb 12
KBC Ancora SCA Proposes Final Dividend for the Financial Year 2021, Payable in May 2022 KBC Ancora SCA announced that a final dividend in respect of the financial year 2021 of gross EUR 7.60 per KBC Group share, of which EUR 4.60 is an extraordinary dividend, will be submitted for approval to its General Meeting in May 2022 (and paid in May 2022). Announcement • Jan 30
KBC Ancora SCA to Report Fiscal Year 2022 Final Results on Sep 27, 2022 KBC Ancora SCA announced that they will report fiscal year 2022 final results at 5:40 PM, Central European Standard Time on Sep 27, 2022 Upcoming Dividend • Nov 30
Upcoming dividend of €1.61 per share Eligible shareholders must have bought the stock before 07 December 2021. Payment date: 09 December 2021. Trailing yield: 0.5%. Lower than top quartile of Belgian dividend payers (4.7%). Lower than average of industry peers (3.4%). Announcement • May 29
KBC Ancora Declares an Interim Dividend, Payable on June 10, 2021 The board of directors of Almancora Beheersmaatschappij, statutory director of KBC Ancora, decided at its meeting of 28 May 2021 to declare an interim dividend of EUR 0.20 gross per KBC Ancora share, payable on 10 June 2021. The net coupon amount after deduction of 30% withholding tax amounts to EUR 0.14 per share. No final dividend will be distributed. Ex-date is 8 June 2021 and Record date is 9 June 2021. Is New 90 Day High Low • Feb 18
New 90-day low: €32.02 The company is down 6.0% from its price of €33.90 on 20 November 2020. The Belgian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 6.0% over the same period. Announcement • Feb 02
KBC Ancora SCA, Annual General Meeting, Oct 29, 2021 KBC Ancora SCA, Annual General Meeting, Oct 29, 2021. Is New 90 Day High Low • Nov 13
New 90-day high: €32.38 The company is up 5.0% from its price of €30.86 on 14 August 2020. The Belgian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Diversified Financial industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 19% share price gain to €29.56, the stock is trading at a trailing P/E ratio of 37.9x, up from the previous P/E ratio of 31.7x. This compares to an average P/E of 18x in the Diversified Financial industry in Belgium. Total return to shareholders over the past three years is a loss of 38%. Is New 90 Day High Low • Oct 27
New 90-day low: €25.24 The company is down 14% from its price of €29.22 on 29 July 2020. The Belgian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is down 3.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: €27.54 The company is down 8.0% from its price of €30.06 on 24 June 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 2.0% over the same period. Announcement • Jul 30
International Business Machines Corporation (NYSE:IBM) acquired 7% stake from we.trade Innovation DAC from 12 European Banks. International Business Machines Corporation (NYSE:IBM) acquired 7% stake from we.trade Innovation DAC from 12 European Banks on May 21, 2020.
International Business Machines Corporation (NYSE:IBM) completed the acquisition of 7% stake from we.trade Innovation DAC from 12 European Banks on May 21, 2020.