Banque nationale de Belgique Société anonyme
Market Cap
€714.0m
Last Updated
2021/01/18 19:49 UTC
Data Sources
Company Financials
Executive Summary
Banque nationale de Belgique Société anonyme operates as the central bank of Belgium. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued average dividend payer.
Share Price & News
How has Banque nationale de Belgique Société anonyme's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BNB is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BNB's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.0%
BNB
0.3%
BE Diversified Financial
1.1%
BE Market
1 Year Return
-24.5%
BNB
-4.7%
BE Diversified Financial
-8.2%
BE Market
Return vs Industry: BNB underperformed the Belgian Diversified Financial industry which returned -4.7% over the past year.
Return vs Market: BNB underperformed the Belgian Market which returned -8.8% over the past year.
Shareholder returns
| BNB | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 0.3% | 1.1% |
| 30 Day | 1.1% | 3.6% | 1.7% |
| 90 Day | 0.3% | 13.7% | 14.3% |
| 1 Year | -21.2%-24.5% | -2.8%-4.7% | -6.8%-8.2% |
| 3 Year | -33.0%-40.1% | 6.6%-0.3% | -13.2%-18.1% |
| 5 Year | -30.9%-42.2% | 52.6%37.0% | -8.0%-17.0% |
Long-Term Price Volatility Vs. Market
How volatile is Banque nationale de Belgique Société anonyme's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Banque nationale de Belgique Société anonyme's (EBR:BNB) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?4 months ago | Simply Wall St
Is Banque nationale de Belgique Société anonyme (EBR:BNB) A Smart Pick For Income Investors?8 months ago | Simply Wall St
Just 3 Days Before Banque nationale de Belgique Société anonyme (EBR:BNB) Will Be Trading Ex-DividendValuation
Is Banque nationale de Belgique Société anonyme undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BNB (€1790) is trading below our estimate of fair value (€27333.59)
Significantly Below Fair Value: BNB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BNB is good value based on its PE Ratio (0.9x) compared to the BE Diversified Financial industry average (19.6x).
PE vs Market: BNB is good value based on its PE Ratio (0.9x) compared to the Belgian market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BNB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BNB is good value based on its PB Ratio (0.1x) compared to the BE Diversified Financial industry average (1.1x).
Next Steps
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?
-21.5%
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.
Next Steps
- 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.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has Banque nationale de Belgique Société anonyme performed over the past 5 years?
10.7%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: BNB has high quality earnings.
Growing Profit Margin: BNB's current net profit margins (56.9%) are higher than last year (54%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if BNB's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare BNB's past year earnings growth to its 5-year average.
Earnings vs Industry: BNB earnings growth over the past year (10.7%) exceeded the Diversified Financial industry -39.1%.
Return on Equity
High ROE: BNB's Return on Equity (11.2%) is considered low.
Next Steps
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 Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: BNB's Assets to Equity ratio (24.8x) is very high.
Allowance for Bad Loans: Insufficient data to determine if BNB has a sufficient allowance for bad loans.
Low Risk Liabilities: 74% of BNB's liabilities are made up of primarily higher risk sources of funding.
Loan Level: BNB has an appropriate level of Loans to Assets ratio (11%).
Low Risk Deposits: BNB's Loans to Deposits ratio (43%) is appropriate.
Level of Bad Loans: Insufficient data to determine if BNB has an appropriate level of bad loans.
Next Steps
Dividend
What is Banque nationale de Belgique Société anonyme current dividend yield, its reliability and sustainability?
6.85%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BNB's dividend (6.85%) is higher than the bottom 25% of dividend payers in the Belgian market (1.94%).
High Dividend: BNB's dividend (6.85%) is in the top 25% of dividend payers in the Belgian market (4.69%)
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
Dividend Coverage: With its low payout ratio (5.9%), BNB's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Pierre Wunsch (53 yo)
2yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Governor | 2yrs | no data | no data | |
| Head of IT Infrastructure & Operations | 5.25yrs | no data | no data | |
| Head of Accounting | no data | no data | no data | |
| Head of Legal Service | no data | no data | no data | |
| Head of the Communication Service | 2.83yrs | no data | no data | |
| Head of Human Resources Management | no data | no data | no data | |
| Head of Financial Markets | no data | no data | no data | |
| Head of Microeconomic Information | no data | no data | no data | |
| Head of Prudential Supervision of Market Infrastructure & Oversight | no data | no data | no data | |
| Head of Medical Supervision | no data | no data | no data | |
| Head of General Statistics Department | no data | no data | no data | |
| Head of Central Procurement Administration Unit | no data | no data | no data |
2.8yrs
Average Tenure
Experienced Management: BNB's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Governor | 2yrs | no data | no data | |
| Treasurer & Director | no data | no data | no data | |
| Secretary & Director | 5.75yrs | no data | no data | |
| Director | 7yrs | no data | no data | |
| Member of Board of Censors | no data | €5.45k | no data | |
| Member of Board of Censors | no data | €5.45k | no data | |
| Director | no data | no data | no data | |
| Member of Board of Censors | no data | €3.82k | no data | |
| Member of Board of Censors | no data | €4.91k | no data | |
| Member of Board of Censors | no data | €2.18k | no data | |
| Member of Board of Censors | 3.67yrs | €4.91k | no data | |
| Director | 2yrs | no data | no data |
3.7yrs
Average Tenure
58yo
Average Age
Experienced Board: BNB's board of directors are considered experienced (3.7 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 company bio, 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
- Market Cap: €714.000m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BNB | ENXTBR (Euronext Brussels) | Yes | Bearer Shares | BE | EUR | Jan 1992 |
| 0DT1 | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Jan 1992 |
| BNBB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Jan 1992 |
Biography
Banque nationale de Belgique Société anonyme operates as the central bank of Belgium. Its activities include determination and implementation of the Eurosystem’s monetary policy; printing and issuing of no...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 19:49 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.