DB:2A41

Stock Analysis Report

Aktia Pankki Oyj

Executive Summary

Aktia Pankki Oyj provides range of solutions within banking, asset management, and personal insurance in Finland.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.

Risks

  • Aktia Pankki Oyj is covered by less than 3 analysts.

Share Price & News

How has Aktia Pankki Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.2%

DB:2A41

-3.7%

DE Banks

-1.5%

DE Market


1 Year Return

-7.7%

DB:2A41

-33.9%

DE Banks

-10.4%

DE Market

2A41 outperformed the Banks industry which returned -33.9% over the past year.

2A41 outperformed the Market in Germany which returned -10.4% over the past year.


Share holder returns

2A41IndustryMarket
7 Day-3.2%-3.7%-1.5%
30 Day-2.9%-16.9%-4.3%
90 Day-1.5%-28.2%-5.9%
1 Year-1.6%-7.7%-31.8%-33.9%-7.6%-10.4%
3 Yearn/a11.7%-5.2%9.4%0.03%
5 Yearn/a-13.8%-36.4%25.6%8.1%

Price Volatility Vs. Market

How volatile is Aktia Pankki Oyj's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Aktia Pankki Oyj undervalued based on future cash flows and its price relative to the stock market?

9.59x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Aktia Pankki Oyj's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Aktia Pankki Oyj's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Aktia Pankki Oyj is good value based on earnings compared to the DE Banks industry average.

Aktia Pankki Oyj is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Aktia Pankki Oyj earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Aktia Pankki Oyj is overvalued based on assets compared to the DE Banks industry average.


Next Steps

Future Growth

How is Aktia Pankki Oyj expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-3.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Aktia Pankki Oyj's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

Aktia Pankki Oyj's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Aktia Pankki Oyj's revenue growth is positive but not above the Germany market average.

Aktia Pankki Oyj's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.

Aktia Pankki Oyj's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Aktia Pankki Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Aktia Pankki Oyj performed over the past 5 years?

-1.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Aktia Pankki Oyj's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Aktia Pankki Oyj's 1-year earnings growth exceeds its 5-year average (37.3% vs -1.1%)

Aktia Pankki Oyj's earnings growth has exceeded the DE Banks industry average in the past year (37.3% vs -11.7%).


Return on Equity

Aktia Pankki Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Aktia Pankki Oyj used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Aktia Pankki Oyj improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Aktia Pankki Oyj'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Aktia Pankki Oyj has an acceptable proportion of non-loan assets held.

Aktia Pankki Oyj has a low allowance for bad loans.

Aktia Pankki Oyj's liabilities are made up of primarily low risk sources of funding.

Aktia Pankki Oyj's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Aktia Pankki Oyj has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).

Aktia Pankki Oyj has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Aktia Pankki Oyj's current dividend yield, its reliability and sustainability?

7.54%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Aktia Pankki Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.57%).

Aktia Pankki Oyj's dividend is above the markets top 25% of dividend payers in Germany (4.29%).

Whilst dividend payments have been stable, Aktia Pankki Oyj has been paying a dividend for less than 10 years.

Dividend payments have increased, but Aktia Pankki Oyj only paid a dividend in the past 6 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

What is the CEO of Aktia Pankki Oyj's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Mikko Ayub (50yo)

0.8yrs

Tenure

€330,000

Compensation

Mr. Mikko Ayub, M.Sc., MBA, serves as Chief Executive Officer at Aktia Pankki Oyj since October 1, 2018. Mr. Ayub served as the Head of Nordea Markets for Finland at Nordea Bank AB (Publ). Mr. Ayub holds M ...


CEO Compensation Analysis

Mikko's remuneration is lower than average for companies of similar size in Germany.

Insufficient data for Mikko to compare compensation growth.


Management Age and Tenure

2.0yrs

Average Tenure

50yo

Average Age

The tenure for the Aktia Pankki Oyj management team is about average.


Board Age and Tenure

1.3yrs

Average Tenure

50.5yo

Average Age

The average tenure for the Aktia Pankki Oyj board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jarl Sved (65yo)

    Senior Advisor

    • Tenure: 4.7yrs
  • Outi Henriksson (50yo)

    Chief Financial Officer

    • Tenure: 2.0yrs
  • Mia Bengts (49yo)

    General Counsel

    • Tenure: 0.0yrs
  • Mikko Ayub (50yo)

    Chief Executive Officer

    • Tenure: 0.8yrs
    • Compensation: €330.00k
  • Juha Hammarén (59yo)

    Executive VP

    • Tenure: 2.6yrs
    • Compensation: €538.00k
  • Anu Tuomolin (43yo)

    Chief Human Resources Officer & Director of HR

    • Tenure: 1.6yrs
  • Juha Volotinen (44yo)

    Chief Information Officer

    • Tenure: 2.1yrs
  • Carola Nilsson (52yo)

    Executive Vice President of Private Customers

    • Tenure: 0.0yrs
  • Lotta Borgström

    Head of IR

    • Tenure: 0.0yrs

Board Members

  • Arja Talma (57yo)

    Vice Chairman of the Board

    • Tenure: 1.3yrs
    • Compensation: €65.00k
  • Stefan Damlin (51yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: €51.00k
  • Johan Hammarén (50yo)

    Director

    • Tenure: 0.3yrs
  • Johannes Schulman (49yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: €39.00k
  • Christina Dahlblom (41yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: €52.00k
  • Maria Engström (50yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: €38.00k
  • Tarja Wist (54yo)

    Director

    • Tenure: 0.3yrs
  • Lasse Svens (57yo)

    Chairman of the Board

    • Tenure: 1.3yrs
    • Compensation: €101.00k

Company Information

Aktia Pankki Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aktia Pankki Oyj
  • Ticker: 2A41
  • Exchange: DB
  • Founded: 1825
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: €586.366m
  • Shares outstanding: 69.07m
  • Website: https://www.aktia.fi

Number of Employees


Location

  • Aktia Pankki Oyj
  • Mannerheimintie 14
  • PO Box 207
  • Helsinki
  • Uusimaa
  • 101
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKTIAHLSE (OMX Nordic Exchange Helsinki)YesSeries A SharesFIEURFeb 2012
0QF8LSE (London Stock Exchange)YesSeries A SharesGBEURFeb 2012
AKTIAHBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBEURFeb 2012
2A41DB (Deutsche Boerse AG)YesSeries A SharesDEEURFeb 2012

Biography

Aktia Pankki Oyj provides range of solutions within banking, asset management, and personal insurance in Finland. It operates through three segments: Personal & Corporate Banking, Wealth Management and Gro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 22:13
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.