FIB Stock Overview
First Investment Bank AD provides various banking products and services to individuals and corporate clients in Bulgaria, Cyprus, and Albania.
First Investment Bank AD Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||лв1.68|
|52 Week High||лв1.95|
|52 Week Low||лв1.50|
|1 Month Change||5.00%|
|3 Month Change||1.82%|
|1 Year Change||-10.64%|
|3 Year Change||-49.85%|
|5 Year Change||-56.02%|
|Change since IPO||-77.23%|
Recent News & Updates
|FIB||BG Banks||BG Market|
Return vs Industry: FIB underperformed the BG Banks industry which returned 29.8% over the past year.
Return vs Market: FIB underperformed the BG Market which returned 22.3% over the past year.
|FIB Average Weekly Movement||4.5%|
|Banks Industry Average Movement||3.6%|
|Market Average Movement||5.3%|
|10% most volatile stocks in BG Market||7.9%|
|10% least volatile stocks in BG Market||2.6%|
Stable Share Price: FIB is not significantly more volatile than the rest of BG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FIB's weekly volatility (5%) has been stable over the past year.
About the Company
First Investment Bank AD provides various banking products and services to individuals and corporate clients in Bulgaria, Cyprus, and Albania. It offers personal and business banking products and services, including current, term, deposit, savings, joint, and payment accounts, as well as accounts for attorneys, special accounts for public execution officers, insurance brokers, and insurance agents; debit and credit cards; and housing/mortgage, consumer, overdraft, insurance, and mortgage loans. The company also provides fund transfer, money transfer, and standing order services; and distance banking services.
First Investment Bank AD Fundamentals Summary
|FIB fundamental statistics|
Is FIB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FIB income statement (TTM)|
|Cost of Revenue||лв0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.40|
|Net Profit Margin||21.00%|
How did FIB perform over the long term?See historical performance and comparison
Is First Investment Bank AD undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FIB (BGN1.68) is trading below our estimate of fair value (BGN8.72)
Significantly Below Fair Value: FIB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FIB is good value based on its PE Ratio (4.2x) compared to the European Banks industry average (11.2x).
PE vs Market: FIB is good value based on its PE Ratio (4.2x) compared to the BG market (17x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FIB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FIB is good value based on its PB Ratio (0.2x) compared to the XE Banks industry average (0.7x).
How is First Investment Bank AD forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks 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 First Investment Bank AD 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.
How has First Investment Bank AD performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIB has a high level of non-cash earnings.
Growing Profit Margin: FIB's current net profit margins (21%) are lower than last year (26.4%).
Past Earnings Growth Analysis
Earnings Trend: FIB's earnings have declined by 2.2% per year over the past 5 years.
Accelerating Growth: FIB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FIB had negative earnings growth (-47.3%) over the past year, making it difficult to compare to the Banks industry average (37.4%).
Return on Equity
High ROE: FIB's Return on Equity (4.7%) is considered low.
How is First Investment Bank AD's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FIB's Assets to Equity ratio (9.3x) is low.
Allowance for Bad Loans: FIB has a low allowance for bad loans (34%).
Low Risk Liabilities: 94% of FIB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FIB has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: FIB's Loans to Deposits ratio (67%) is appropriate.
Level of Bad Loans: FIB has a high level of bad loans (19.6%).
What is First Investment Bank AD current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FIB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FIB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FIB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FIB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FIB's dividend in 3 years as they are not forecast to pay a notable one for the BG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Nikola Hristov Bakalov serves as Chief Executive Officer at First Investment Bank AD since March 25, 2020 and has been its Chairman of the Management Board since April 2020 and its Member of Managing B...
Experienced Management: FIB's management team is considered experienced (3.3 years average tenure).
Experienced Board: FIB's board of directors are considered experienced (10 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Investment Bank AD's employee growth, exchange listings and data sources
- Name: First Investment Bank AD
- Ticker: FIB
- Exchange: BUL
- Founded: 1993
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: лв250.462m
- Shares outstanding: 149.08m
- Website: https://www.fibank.bg
Number of Employees
- First Investment Bank AD
- 37, Dragan Tsankov Boulevard
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/20 21:20|
|End of Day Share Price||2022/01/20 00:00|
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.