Bulgarian-American Credit Bank AD Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: BACB (BGN11.8) is trading below our estimate of fair value (BGN24.05)

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

Key Valuation Metric

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

Key metric: As BACB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BACB. This is calculated by dividing BACB's market cap by their current earnings.
What is BACB's PE Ratio?
PE Ratio	5.1x
Earnings	лв57.62m
Market Cap	лв291.36m

BACB 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BACB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	3.1x
CCB Central Cooperative Bank AD	2.5x	n/a	лв216.1m
FIB First Investment Bank AD	4.5x	n/a	лв566.5m
AKBL Askari Bank	2x	n/a	PK₨42.4b
NTB.N0000 Nations Trust Bank	3.4x	n/a	LK₨49.5b
BACB Bulgarian-American Credit Bank AD	5.1x	n/a	лв291.4m

Price-To-Earnings vs Peers: BACB is expensive based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (3.1x).

Price to Earnings Ratio vs Industry

How does BACB's PE Ratio compare vs other companies in the European Banks Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BACB is good value based on its Price-To-Earnings Ratio (5.1x) compared to the European Banks industry average (7.3x).

Price to Earnings Ratio vs Fair Ratio

What is BACB'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.

BACB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.1x
Fair PE Ratio	n/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

HSBC Holdings

UK£127.6b

Provides banking and financial services worldwide.

HBC1

UK£7.57

12.3%

Central Cooperative Bank AD

лв216.1m

A commercial bank, provides various financial products and services.

CCB

лв1.70

1.2%

13.3%

Société Générale Société anonyme

€21.3b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

SGE

€26.23

n/a