| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | €1,630.00 |
| 52 Week High | €1,795.00 |
| 52 Week Low | €1,600.00 |
| Beta | 0.48 |
| 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 IPO | 103.05% |
Recent News & Updates
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
| BNB | BE Diversified Financial | BE 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
| BNB volatility | |
|---|---|
| BNB Average Weekly Movement | 2.0% |
| Diversified Financial Industry Average Movement | 3.3% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in BE Market | 7.9% |
| 10% least volatile stocks in BE Market | 2.6% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1850 | 1,864 | Pierre Wunsch | https://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
| BNB fundamental statistics | |
|---|---|
| Market Cap | €652.00m |
| Earnings (TTM) | €355.39m |
| Revenue (TTM) | €862.74m |
1.8x
P/E Ratio0.8x
P/S RatioIs BNB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 Margin | 98.48% |
| Net Profit Margin | 41.19% |
| Debt/Equity Ratio | 70.2% |
How did BNB perform over the long term?
See historical performance and comparisonDividends
8.5%
Current Dividend Yield16%
Payout RatioValuation
Is BNB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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.
| What is BNB's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | €652.00m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does BNB's PE Ratio compare to its peers?
| BNB PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 9x | ||
COMB Compagnie du Bois Sauvage | 7.7x | n/a | €546.8m |
TINC TINC | 12.4x | n/a | €480.0m |
GIMB GIMV | 8.2x | n/a | €1.4b |
8566 Ricoh Leasing Company | 7.9x | 2.0% | JP¥106.8b |
BNB Banque nationale de Belgique Société anonyme | 1.8x | n/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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 1.8x |
| Fair PE Ratio | n/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.
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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
0/6Future 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.
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- 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
1/6Past 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
3/6Financial 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
4/6Dividend 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.
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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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.