DB:IL0A

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Permanent TSB Group Holdings

Executive Summary

Permanent TSB Group Holdings plc provides financial services to retail, and small and medium sized enterprises.


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has Permanent TSB Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IL0A's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.6%

IL0A

1.7%

DE Banks

2.7%

DE Market


1 Year Return

-58.1%

IL0A

-17.9%

DE Banks

0.2%

DE Market

Return vs Industry: IL0A underperformed the German Banks industry which returned -17.9% over the past year.

Return vs Market: IL0A underperformed the German Market which returned 0.2% over the past year.


Shareholder returns

IL0AIndustryMarket
7 Day1.6%1.7%2.7%
30 Day24.1%6.9%3.7%
90 Day-3.3%26.1%28.3%
1 Year-58.1%-58.1%-17.8%-17.9%2.3%0.2%
3 Year-80.9%-80.9%-45.5%-47.5%4.0%-4.5%
5 Yearn/a-33.0%-45.9%14.9%-0.3%

Price Volatility Vs. Market

How volatile is Permanent TSB Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Permanent TSB Group Holdings undervalued compared to its fair value and its price relative to the market?

12.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate IL0A's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate IL0A's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IL0A is good value based on its PE Ratio (12.7x) compared to the Banks industry average (20.2x).

PE vs Market: IL0A is good value based on its PE Ratio (12.7x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: IL0A is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: IL0A is good value based on its PB Ratio (0.1x) compared to the DE Banks industry average (0.8x).


Next Steps

Future Growth

How is Permanent TSB Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IL0A's forecast earnings growth (3.4% per year) is above the savings rate (0.2%).

Earnings vs Market: IL0A's earnings (3.4% per year) are forecast to grow slower than the German market (22.2% per year).

High Growth Earnings: IL0A's earnings are forecast to grow, but not significantly.

Revenue vs Market: IL0A's revenue is expected to decline over the next 3 years (-1.9% per year).

High Growth Revenue: IL0A's revenue is forecast to decline over the next 3 years (-1.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IL0A's Return on Equity is forecast to be low in 3 years time (1.4%).


Next Steps

Past Performance

How has Permanent TSB Group Holdings performed over the past 5 years?

43.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IL0A has a large one-off loss of €29.0M impacting its December 31 2019 financial results.

Growing Profit Margin: IL0A became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: IL0A has become profitable over the past 5 years, growing earnings by 43.7% per year.

Accelerating Growth: IL0A has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IL0A has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (4%).


Return on Equity

High ROE: IL0A's Return on Equity (1.5%) is considered low.


Next Steps

Financial Health

How is Permanent TSB Group Holdings'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: IL0A's Assets to Equity ratio (10.2x) is moderate.

Allowance for Bad Loans: IL0A has a low allowance for bad loans (78%).

Low Risk Liabilities: 94% of IL0A's liabilities are made up of primarily low risk sources of funding.

Loan Level: IL0A has an appropriate level of Loans to Assets ratio (77%).

Low Risk Deposits: IL0A's Loans to Deposits ratio (91%) is appropriate.

Level of Bad Loans: IL0A has a high level of bad loans (6.4%).


Next Steps

Dividend

What is Permanent TSB Group Holdings's current dividend yield, its reliability and sustainability?

2.12%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IL0A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IL0A'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 IL0A's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IL0A's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: IL0A is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IL0A'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?

2.8yrs

Average management tenure


CEO

Eamonn Crowley (50yo)

0.083

Tenure

€510,924

Compensation

Mr. Eamonn Crowley has been Chief Executive Officer of Permanent TSB Group Holdings plc since June 22, 2020 and serves as its Chief Financial Officer since February 16, 2017. Mr. Crowley has been Chief Exe ...


CEO Compensation Analysis

Compensation vs Market: Eamonn's total compensation ($USD574.39K) is about average for companies of similar size in the German market ($USD753.32K).

Compensation vs Earnings: Eamonn's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Eamonn Crowley
CEO, CFO & Executive Director0.083yr€510.92kno data
Michael Frawley
Chief Risk Officer & Executive Director0.75yr€344.96kno data
Shane O'Sullivan
Group Director of Operations3.33yrsno datano data
Tom Hayes
Group Chief Technology Officer2.75yrsno datano data
Nicola O'Brien
Head of External Reporting & Investor Relationsno datano datano data
Andrew Walsh
Chief Legal Officerno datano datano data
Leontia Fannin
Head of Corporate Affairs & Communicationsno datano datano data
Ger Mitchell
Group Human Resources Director3.17yrsno datano data
Gerald Hickey
Managing Director of Capital Home Loansno datano datano data
Paul Redmond
Head of Group Internal Auditno datano datano data

2.8yrs

Average Tenure

Experienced Management: IL0A's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eamonn Crowley
CEO, CFO & Executive Director0.083yr€510.92kno data
Michael Frawley
Chief Risk Officer & Executive Director0.75yr€344.96kno data
Robert Elliott
Independent Chairman of the Board3.33yrs€290.00k0.0036% 8.6k
Donal Courtney
Independent Non-Executive Director1.75yrs€92.18kno data
Ronan O'Neill
Independent Non-Executive Director4yrs€84.68kno data
Julie O'Neill
Senior Independent Director4.25yrs€90.34k0.0022% 5.2k
Timothy Slattery
Independent Non-Executive Director6.92yrs€67.22k0.0022% 5.2k
Andrew Power
Independent Non-Executive Director3.83yrs€67.18kno data
Ruth Wandhöfer
Independent Non-Executive Director1.75yrs€66.76kno data
Marian Corcoran
Non-Executive Director0.83yr€16.92kno data

3.3yrs

Average Tenure

59yo

Average Age

Experienced Board: IL0A's board of directors are considered experienced (3.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Permanent TSB Group Holdings plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Permanent TSB Group Holdings plc
  • Ticker: IL0A
  • Exchange: DB
  • Founded: 1884
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €236.439m
  • Shares outstanding: 454.69m
  • Website: https://www.permanenttsbgroup.ie

Number of Employees


Location

  • Permanent TSB Group Holdings plc
  • 56 - 59, St. Stephen’s Green
  • Dublin
  • Co. Dublin
  • 2
  • Ireland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ILPM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 1999
IL0AISE (Irish Stock Exchange)YesOrdinary SharesIEEURApr 1999
IL0ADB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 1999
IL0AIBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURApr 1999
IL0ALSE (London Stock Exchange)YesOrdinary SharesGBEURApr 1999
IL0ALBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURApr 1999
ILPM.YOTCPK (Pink Sheets LLC)ADRUSUSDDec 2007

Biography

Permanent TSB Group Holdings plc provides financial services to retail, and small and medium sized enterprises. It offers current accounts; retail, corporate, and institutional deposits; mortgages; consumer finance, including term loans, credit cards, and overdrafts; treasury assets; and wholesale funding. The company also offers mobile and online banking services. It operates through a network of 15 branches in North East region, 18 branches in Dublin region, 15 branches in South East region, 14 branches in West region, and 16 branches in South region of the Republic of Ireland. The company was formerly known as Irish Life & Permanent Group Holdings plc and changed its name to Permanent TSB Group Holdings plc in May 2012. Permanent TSB Group Holdings plc was founded in 1884 and is headquartered in Dublin, Ireland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/03 21:54
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.