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Takarék Jelzálogbank Nyrt

Executive Summary

Takarék Jelzálogbank Nyrt., together with its subsidiaries, provides mortgage banking services in Hungary.


Snowflake Analysis

Slightly overvalued with questionable track record.

Share Price & News

How has Takarék Jelzálogbank Nyrt's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FH21 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.7%

FH21

5.3%

DE Mortgage

2.6%

DE Market


1 Year Return

-31.8%

FH21

-19.9%

DE Mortgage

8.1%

DE Market

Return vs Industry: FH21 underperformed the German Mortgage industry which returned -19.9% over the past year.

Return vs Market: FH21 underperformed the German Market which returned 8.1% over the past year.


Shareholder returns

FH21IndustryMarket
7 Day-0.7%5.3%2.6%
30 Day2.6%-0.09%0.7%
90 Day15.4%3.1%11.5%
1 Year-31.8%-31.8%-19.2%-19.9%10.5%8.1%
3 Year-17.7%-17.7%-19.6%-26.9%6.4%-2.1%
5 Year-42.7%-42.7%-5.8%-20.5%15.2%-0.3%

Price Volatility Vs. Market

How volatile is Takarék Jelzálogbank Nyrt's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Takarék Jelzálogbank Nyrt undervalued compared to its fair value and its price relative to the market?

7.05x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FH21's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FH21's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FH21 is good value based on its PE Ratio (7x) compared to the XE Mortgage industry average (8.5x).

PE vs Market: FH21 is good value based on its PE Ratio (7x) compared to the German market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FH21's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FH21 is overvalued based on its PB Ratio (1.2x) compared to the XE Mortgage industry average (0.6x).


Next Steps

Future Growth

How is Takarék Jelzálogbank Nyrt forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.1%

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 Takarék Jelzálogbank Nyrt 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.


Next Steps

Past Performance

How has Takarék Jelzálogbank Nyrt performed over the past 5 years?

434.0%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: FH21 has a high level of non-cash earnings.

Growing Profit Margin: FH21 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FH21 has become profitable over the past 5 years, growing earnings by 0% per year.

Accelerating Growth: FH21 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FH21 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage industry (-0.9%).


Return on Equity

High ROE: FH21's Return on Equity (12.1%) is considered low.


Next Steps

Financial Health

How is Takarék Jelzálogbank Nyrt'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


Financial Institutions Analysis

Asset Level: FH21's Assets to Equity ratio (12.3x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if FH21 has a sufficient allowance for bad loans.

Low Risk Liabilities: FH21 reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.

Loan Level: FH21 has an appropriate level of Loans to Assets ratio (25%).

Low Risk Deposits: FH21 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Level of Bad Loans: Insufficient data to determine if FH21 has an appropriate level of bad loans.


Next Steps

Dividend

What is Takarék Jelzálogbank Nyrt current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FH21's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FH21'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 FH21's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FH21'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 FH21's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average board tenure


CEO

Gyula Nagy

3.33yrs

Tenure

Dr. Gyula László Nagy serves as the Chief Executive Officer and Director at Takarék Jelzálogbank Nyrt. (formerly known as FHB Jelzálogbank Nyrt.) Dr. Nagy has been the Head of Partner Refinancing Departmen ...


Board Members

NamePositionTenureCompensationOwnership
Gyula Nagy
CEO & Director3.33yrsno datano data
Edit Erika Tóth
Deputy CEO & Directorno datano datano data
Gábor Soltész
External Director3.75yrsno datano data
György Pórfy
Member of the Supervisory Board3.58yrsno datano data
Zsolt Harmath
Chairman of the Supervisory Board3.58yrsno datano data
Jozsef Vida
Chairman of the Board3.67yrsno datano data
Mónika Kovács
Member of the Supervisory Board3.58yrsno datano data
Attila Mészáros
Director1.58yrsno datano data
Kadosa Antal
Supervisory Board Member1.58yrsno datano data
Balázs Reiniger
Member of the Supervisory Board3.58yrsno datano data
Éva Gödör
Member of the Supervisory Board2yrsno datano data
Éva Hegedus
Director1.83yrsno datano data

3.6yrs

Average Tenure

Experienced Board: FH21's board of directors are considered experienced (3.6 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Takarék Jelzálogbank Nyrt.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Takarék Jelzálogbank Nyrt.
  • Ticker: FH21
  • Exchange: DB
  • Founded: 1997
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: Ft51.521b
  • Listing Market Cap: Ft148.920m
  • Shares outstanding: 108.24m
  • Website: https://www.takarek.hu/tarsasag/Rolunk

Number of Employees


Location

  • Takarék Jelzálogbank Nyrt.
  • Ülloi út 48
  • Budapest
  • 1082
  • Hungary

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TAKAREKJZBBUSE (Budapest Stock Exchange)YesClass A Ordinary SharesHUHUFNov 2003
FH21DB (Deutsche Boerse AG)YesClass A Ordinary SharesDEEURNov 2003
0KW6LSE (London Stock Exchange)YesClass A Ordinary SharesGBHUFNov 2003

Biography

Takarék Jelzálogbank Nyrt., together with its subsidiaries, provides mortgage banking services in Hungary. The company operates through Retail, Corporate, Investment Services, Treasury, Refinancing, and Ot ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/08 21:29
End of Day Share Price2020/08/07 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.