MONETA Money Bank, a.s. provides banking and financial services to retail customers, small and medium size enterprises, corporate clients, and financial and public sector institutions in the Czech Republic.
Flawless balance sheet and undervalued.
Share Price & News
How has MONETA Money Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MONET's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MONET exceeded the CZ Banks industry which returned -36.7% over the past year.
Return vs Market: MONET underperformed the CZ Market which returned -18.9% over the past year.
Price Volatility Vs. Market
How volatile is MONETA Money Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhy MONETA Money Bank, a.s. (SEP:MONET) Could Be Worth Watching
1 month ago | Simply Wall StA Sliding Share Price Has Us Looking At MONETA Money Bank, a.s.'s (SEP:MONET) P/E Ratio
2 months ago | Simply Wall StA Sliding Share Price Has Us Looking At MONETA Money Bank, a.s.'s (SEP:MONET) P/E Ratio
Is MONETA Money Bank 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: MONET (CZK49.5) is trading below our estimate of fair value (CZK69.34)
Significantly Below Fair Value: MONET is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MONET is good value based on its PE Ratio (6.7x) compared to the Banks industry average (7.8x).
PE vs Market: MONET is good value based on its PE Ratio (6.7x) compared to the CZ market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: MONET is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: MONET is overvalued based on its PB Ratio (1x) compared to the XE Banks industry average (0.5x).
How is MONETA Money Bank forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MONET's forecast earnings growth (10.6% per year) is above the savings rate (1.2%).
Earnings vs Market: MONET's earnings (10.6% per year) are forecast to grow faster than the CZ market (3.2% per year).
High Growth Earnings: MONET's earnings are forecast to grow, but not significantly.
Revenue vs Market: MONET's revenue (3.7% per year) is forecast to grow faster than the CZ market (-0.2% per year).
High Growth Revenue: MONET's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MONET's Return on Equity is forecast to be low in 3 years time (14.4%).
How has MONETA Money Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MONET has a high level of non-cash earnings.
Growing Profit Margin: MONET's current net profit margins (37.1%) are lower than last year (41%).
Past Earnings Growth Analysis
Earnings Trend: MONET's earnings have declined by -3% per year over the past 5 years.
Accelerating Growth: MONET's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MONET had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Banks industry average (0.8%).
Return on Equity
High ROE: MONET's Return on Equity (14.8%) is considered low.
How is MONETA Money Bank'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: MONET's Assets to Equity ratio (9.7x) is low.
Allowance for Bad Loans: MONET has a sufficient allowance for bad loans (119%).
Low Risk Liabilities: 81% of MONET's liabilities are made up of primarily low risk sources of funding.
Loan Level: MONET has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: MONET's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: MONET has an appropriate level of bad loans (1.9%).
What is MONETA Money Bank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MONET's dividend (13.54%) is higher than the bottom 25% of dividend payers in the CZ market (6.12%).
High Dividend: MONET's dividend (13.54%) is in the top 25% of dividend payers in the CZ market (11.32%)
Stability and Growth of Payments
Stable Dividend: MONET has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MONET has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90.2%), MONET's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MONET's dividends in 3 years are forecast to be covered by earnings (88.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tomáš Spurný (54yo)
Mr. Tomáš Spurný has been Chairman of Management Board and Chief Executive Officer at Moneta Money Bank, a.s. since October 1, 2015. Mr. Spurný is a Member of Supervisory Board at MONETA Leasing, s.r.o sin ...
|CEO & Chairman of the Management Board||4.58yrs||no data||0.019% CZK4.7m|
|Chief Risk Officer & Vice-Chairman of the Management Board||1.17yrs||no data||no data|
|CFO & Member of the Management Board||1.5yrs||no data||0.0020% CZK495.8k|
|Chief Commercial Banking Officer & Member of the Management Board||6.42yrs||no data||no data|
|COO & Member of the Management Board||3yrs||no data||no data|
|Manager IT PMO & Information Technologies||no data||no data||no data|
|Chief Information Officer||0.17yr||no data||no data|
|Head of Investor Relations||3.08yrs||no data||no data|
|Chief Legal Officer||8.75yrs||no data||no data|
|Chief Compliance Officer||5.17yrs||no data||no data|
Experienced Management: MONET's management team is considered experienced (3.1 years average tenure).
|Chief Retail Distribution Officer & Employee Representative Member of the Supervisory Board||1.33yrs||no data||no data|
|Chief Shared Services Officer & Employee Representative Member of the Supervisory Board||1.33yrs||no data||no data|
|Independent Chairman of the Supervisory Board||1.75yrs||no data||no data|
|Vice-Chairman of the Supervisory Board||3yrs||no data||no data|
|Member of the Supervisory Board||2.58yrs||no data||no data|
|Independent Member of the Supervisory Board||4.08yrs||no data||no data|
|Independent Member of the Supervisory Board||4.08yrs||no data||no data|
|Member of the Supervisory Board||4.08yrs||no data||no data|
Experienced Board: MONET's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
MONETA Money Bank, a.s.'s company bio, employee growth, exchange listings and data sources
- Name: MONETA Money Bank, a.s.
- Ticker: MONET
- Exchange: SEP
- Founded: 1998
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: Kč25.295b
- Shares outstanding: 511.00m
- Website: https://www.moneta.cz
Number of Employees
- MONETA Money Bank, a.s.
- BB Centrum
- Vyskocilova 1442/1b
- 140 28
- Czech Republic
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MONET||SEP (The Stock Exchange Prague Co. Ltd.)||Yes||Share Capital||CZ||CZK||May 2016|
|0RGC||LSE (London Stock Exchange)||Yes||Share Capital||GB||CZK||May 2016|
|MM0||DB (Deutsche Boerse AG)||Yes||Share Capital||DE||EUR||May 2016|
|MONETK||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Share Capital||GB||CZK||May 2016|
MONETA Money Bank, a.s. provides banking and financial services to retail customers, small and medium size enterprises, corporate clients, and financial and public sector institutions in the Czech Republic. The company operates through Commercial Clients, Retail Clients, and Treasury/Other segments. It offers various deposit products, including current and savings accounts, term deposits, and transactional products. The company also provides secured lending products, such as mortgages and finance leases; unsecured lending products consisting of consumer and auto loans, credit cards, and personal overdrafts; and commercial lending products comprising working capital, investment loans, finance and operating leases, auto loans, inventory financing, financing of small businesses and entrepreneurs through guarantees, letters of credits, and foreign exchange transactions. In addition, it intermediates additional payment protection insurance, which covers the customer’s monthly loan payment in the event of unemployment, accident, or sickness; and acts as the intermediary to provide its customers with other insurance and investment products. Further, the company engages in the foreign exchange transactions, interest rate swaps, investment in debt securities, equity investments, other non–interest bearing assets, and other operations, as well as provision of debit and credit cards. As of December 31, 2019, it operated a network of 179 branches and 632 ATMs. The company was formerly known as GE Money Bank, a.s. and changed its name to MONETA Money Bank, a.s. in May 2016. MONETA Money Bank, a.s. was founded in 1998 and is headquartered in Prague, the Czech Republic.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/25 19:35|
|End of Day Share Price||2020/05/25 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.