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BNB

Banque nationale de Belgique Société anonyme ENXTBR:BNB Stock Report

Last Price

€1.63k

Market Cap

€652.0m

7D

-2.4%

1Y

-8.4%

Updated

01 Jul, 2022

Data

Company Financials
BNB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends4/6

BNB Stock Overview

Banque nationale de Belgique Société anonyme operates as the central bank of Belgium.

Banque nationale de Belgique Société anonyme Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Banque nationale de Belgique Société anonyme
Historical stock prices
Current Share Price€1,630.00
52 Week High€1,795.00
52 Week Low€1,600.00
Beta0.48
1 Month Change-3.55%
3 Month Change-5.51%
1 Year Change-8.43%
3 Year Change-28.19%
5 Year Change-44.46%
Change since IPO103.05%

Recent News & Updates

Mar 29
Is Banque nationale de Belgique Société anonyme (EBR:BNB) A Smart Pick For Income Investors?

Is Banque nationale de Belgique Société anonyme (EBR:BNB) A Smart Pick For Income Investors?

Could Banque nationale de Belgique Société anonyme ( EBR:BNB ) be an attractive dividend share to own for the long...

Shareholder Returns

BNBBE Diversified FinancialBE Market
7D-2.4%-0.8%-0.3%
1Y-8.4%-29.1%-10.5%

Return vs Industry: BNB exceeded the Belgian Diversified Financial industry which returned -29.4% over the past year.

Return vs Market: BNB exceeded the Belgian Market which returned -11.3% over the past year.

Price Volatility

Is BNB's price volatile compared to industry and market?
BNB volatility
BNB Average Weekly Movement2.0%
Diversified Financial Industry Average Movement3.3%
Market Average Movement4.6%
10% most volatile stocks in BE Market7.9%
10% least volatile stocks in BE Market2.6%

Stable Share Price: BNB is less volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BNB's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18501,864Pierre Wunschhttps://www.nbb.be

Banque nationale de Belgique Société anonyme operates as the central bank of Belgium. The company’s activities include determination and implementation of the Eurosystem’s monetary policy; printing and issuing of notes and coins; collection, compilation, analysis, and distribution of economic and financial information; and promotion of monetary and financial stability. It also engages in the centralization of the revenue and expenditure of the federal state; administration of fines and settlements; combating money laundering; and international settlements.

Banque nationale de Belgique Société anonyme Fundamentals Summary

How do Banque nationale de Belgique Société anonyme's earnings and revenue compare to its market cap?
BNB fundamental statistics
Market Cap€652.00m
Earnings (TTM)€355.39m
Revenue (TTM)€862.74m

1.8x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BNB income statement (TTM)
Revenue€862.74m
Cost of Revenue€13.10m
Gross Profit€849.64m
Other Expenses€494.25m
Earnings€355.39m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)888.48
Gross Margin98.48%
Net Profit Margin41.19%
Debt/Equity Ratio70.2%

How did BNB perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

16%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 BNB?

Other financial metrics that can be useful for relative valuation.

BNB 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 BNB's PE Ratio compare to its peers?

BNB PE Ratio vs Peers
The above table shows the PE ratio for BNB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9x
COMB Compagnie du Bois Sauvage
7.7xn/a€546.8m
TINC TINC
12.4xn/a€480.0m
GIMB GIMV
8.2xn/a€1.4b
8566 Ricoh Leasing Company
7.9x2.0%JP¥106.8b
BNB Banque nationale de Belgique Société anonyme
1.8xn/a€652.0m

Price-To-Earnings vs Peers: BNB is good value based on its Price-To-Earnings Ratio (1.8x) compared to the peer average (9x).


Price to Earnings Ratio vs Industry

How does BNB's PE Ratio compare vs other companies in the European Diversified Financial Industry?

Price-To-Earnings vs Industry: BNB is good value based on its Price-To-Earnings Ratio (1.8x) compared to the European Diversified Financial industry average (10.1x)


Price to Earnings Ratio vs Fair Ratio

What is BNB'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.

BNB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.8x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: BNB (€1630) is trading below our estimate of fair value (€34959.7)

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


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is Banque nationale de Belgique Société anonyme 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


-6.2%

Forecasted Diversified Financials 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 Banque nationale de Belgique Société anonyme 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 whether Banque nationale de Belgique Société anonyme is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Banque nationale de Belgique Société anonyme competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Banque nationale de Belgique Société anonyme performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BNB has high quality earnings.

Growing Profit Margin: BNB's current net profit margins (41.2%) are lower than last year (54.8%).


Past Earnings Growth Analysis

Earnings Trend: BNB's earnings have declined by 5.6% per year over the past 5 years.

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

Earnings vs Industry: BNB had negative earnings growth (-46.2%) over the past year, making it difficult to compare to the Diversified Financial industry average (15.2%).


Return on Equity

High ROE: BNB's Return on Equity (4.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Banque nationale de Belgique Société anonyme's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

3/6

Financial Health Score 3/6

  • 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: BNB's Assets to Equity ratio (47.4x) is very high.

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

Low Risk Liabilities: 50% of BNB's liabilities are made up of primarily low risk sources of funding.

Loan Level: BNB has an appropriate level of Loans to Assets ratio (25%).

Low Risk Deposits: BNB's Loans to Deposits ratio (50%) is appropriate.

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


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Dividend

What is Banque nationale de Belgique Société anonyme current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.47%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BNB's dividend (8.47%) is higher than the bottom 25% of dividend payers in the Belgian market (2%).

High Dividend: BNB's dividend (8.47%) is in the top 25% of dividend payers in the Belgian market (6.09%)


Stability and Growth of Payments

Stable Dividend: BNB's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (15.5%), BNB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

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

4.3yrs

Average management tenure


CEO

Pierre Wunsch (55 yo)

3.42yrs

Tenure

Mr. Pierre Wunsch has been Member of Governing Council of European Central Bank since 2019. Mr. Wunsch has been a Governor of the Board at National Bank of Belgium since January 2, 2019. He served as Direc...


Leadership Team

Experienced Management: BNB's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: BNB's board of directors are considered experienced (6.1 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

Banque nationale de Belgique Société anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: Banque nationale de Belgique Société anonyme
  • Ticker: BNB
  • Exchange: ENXTBR
  • Founded: 1850
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Implied Market Cap: €652.000m
  • Shares outstanding: 400.00k
  • Website: https://www.nbb.be

Number of Employees


Location

  • Banque nationale de Belgique Société anonyme
  • Boulevard de Berlaimont 14
  • Brussels
  • Brussels
  • 1000
  • Belgium

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.