Banco Comercial Português, S.A., together with its subsidiaries, provides various banking and financial products and services.
Excellent balance sheet and good value.
Share Price & News
How has Banco Comercial Português's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BCPN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BCPN underperformed the German Banks industry which returned -30% over the past year.
Return vs Market: BCPN underperformed the German Market which returned -2.6% over the past year.
Price Volatility Vs. Market
How volatile is Banco Comercial Português's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Banco Comercial Português undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BCPN (€0.1) is trading above our estimate of fair value (€0.09)
Significantly Below Fair Value: BCPN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BCPN is good value based on its PE Ratio (8x) compared to the Banks industry average (17.9x).
PE vs Market: BCPN is good value based on its PE Ratio (8x) compared to the German market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: BCPN is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: BCPN is good value based on its PB Ratio (0.2x) compared to the DE Banks industry average (0.8x).
How is Banco Comercial Português forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BCPN's forecast earnings growth (38.7% per year) is above the savings rate (0.2%).
Earnings vs Market: BCPN's earnings (38.7% per year) are forecast to grow faster than the German market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BCPN's revenue (3.5% per year) is forecast to grow slower than the German market (5.7% per year).
High Growth Revenue: BCPN's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BCPN's Return on Equity is forecast to be low in 3 years time (6.3%).
How has Banco Comercial Português performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BCPN has a large one-off loss of €161.0M impacting its March 31 2020 financial results.
Growing Profit Margin: BCPN's current net profit margins (9.4%) are lower than last year (20.2%).
Past Earnings Growth Analysis
Earnings Trend: BCPN has become profitable over the past 5 years, growing earnings by 34.3% per year.
Accelerating Growth: BCPN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BCPN had negative earnings growth (-48.6%) over the past year, making it difficult to compare to the Banks industry average (4.1%).
Return on Equity
High ROE: BCPN's Return on Equity (3.6%) is considered low.
How is Banco Comercial Português'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: BCPN's Assets to Equity ratio (11.2x) is moderate.
Allowance for Bad Loans: BCPN has a sufficient allowance for bad loans (151%).
Low Risk Liabilities: 82% of BCPN's liabilities are made up of primarily low risk sources of funding.
Loan Level: BCPN has an appropriate level of Loans to Assets ratio (63%).
Low Risk Deposits: BCPN's Loans to Deposits ratio (84%) is appropriate.
Level of Bad Loans: BCPN has a high level of bad loans (2.7%).
What is Banco Comercial Português's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BCPN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BCPN'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 BCPN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BCPN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BCPN is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BCPN's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Miguel Maya Pinheiro (55yo)
Mr. Miguel Maya Dias Pinheiro is a Vice Chair of Administrative Council at Banco Millennium Atlântico, SA since 2018. Mr. Pinheiro had been Vice Chairman of BIM – Banco Internacional. Positions held at B ...
CEO Compensation Analysis
Compensation vs Market: Miguel Maya's total compensation ($USD967.72K) is below average for companies of similar size in the German market ($USD1.50M).
Compensation vs Earnings: Miguel Maya's compensation has been consistent with company performance over the past year.
|3rd Vice Chairman||2yrs||€880.91k||0.0038% €56.2k|
|CFO & Director||8.25yrs||€715.39k||0.0037% €54.7k|
|Executive Director||9.08yrs||€626.70k||0.0014% €20.6k|
|Executive Director||5yrs||€626.70k||0.0012% €17.0k|
|Executive Director||3yrs||€150.66k||no data|
|Executive Director||3yrs||€715.39k||0.0015% €22.4k|
|Executive Director||no data||€579.61k||0.0011% €16.4k|
|Chairman of Board & Member of Board for International Strategy||2yrs||€773.95k||0.010% €147.6k|
|2nd Vice Chairman||no data||no data||no data|
|1st Vice Chairman and Chairman of Remuneration & Welfare Board||no data||€110.00k||0.00059% €8.6k|
Experienced Board: BCPN's board of directors are considered experienced (4 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.
Banco Comercial Português, S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Banco Comercial Português, S.A.
- Ticker: BCPN
- Exchange: DB
- Founded: 1985
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €1.463b
- Shares outstanding: 15.11b
- Website: https://ind.millenniumbcp.pt
Number of Employees
- Banco Comercial Português, S.A.
- Praça Dom João I, nº28
- Piso 4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BPCG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|BCP||ENXTLS (Euronext Lisbon)||Yes||Ordinary Shares||PT||EUR||Jan 1992|
|BCPN||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0RJN||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|BCPU||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|BBCP2||ENXTLS (Euronext Lisbon)||7%-FRN SUB PERP EUR1000 '1'||PT||EUR||Jul 2011|
|A0U58K||DB (Deutsche Boerse AG)||7%-FRN SUB PERP EUR1000 '1'||DE||EUR||Jul 2011|
Banco Comercial Português, S.A., together with its subsidiaries, provides various banking and financial products and services. It operates through Retail Banking; Companies, Corporate & Investment Banking; Private Banking; Foreign Business; and Other segments. The company offers a range of financial products and services, including current accounts, payment systems, savings and investment products, and private banking services; and asset management and investment banking services, such as mortgage loans, consumer credit, commercial banking, leasing, factoring and insurance, and others. It also provides venture capital, real-estate management, e-commerce, trust, brokerage, real estate investment fund, consulting, and investment fund management services; and Internet and mobile banking services. Banco Comercial Português, S.A. provides its banking products and services under the Millennium brand. As of December 31, 2019, the company operated 505 branches in Portugal; and 1,031 branches internationally. Banco Comercial Português, S.A. was founded in 1985 and is based in Porto, Portugal.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/27 05:29|
|End of Day Share Price||2020/05/26 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.