Loading...

MONETA Money Bank

DB:MM0
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MM0
DB
CZK38B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

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 last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
MM0 Share Price and Events
7 Day Returns
4%
DB:MM0
-0.4%
DE Banks
0.3%
DE Market
1 Year Returns
-2.3%
DB:MM0
-25.7%
DE Banks
-11.6%
DE Market
MM0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MONETA Money Bank (MM0) 4% -7.2% -3.8% -2.3% 6% -
DE Banks -0.4% -7.4% 6% -25.7% -5.3% -26.9%
DE Market 0.3% -3.8% 2.5% -11.6% 10.1% 7.9%
1 Year Return vs Industry and Market
  • MM0 outperformed the Banks industry which returned -25.7% over the past year.
  • MM0 outperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
MM0
Industry
5yr Volatility vs Market
Related Companies

MM0 Value

 Is MONETA Money Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MONETA Money Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MONETA Money Bank.

DB:MM0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= CZK52.98 * 14.1%
CZK7.49
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. CZK52.98
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MM0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 19%) (58.49%))
0.909
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.909 * 5.96%)
5.64%

Discounted Cash Flow Calculation for DB:MM0 using Excess Returns Model Model

The calculations below outline how an intrinsic value for MONETA Money Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:MM0 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.1% – 5.64%) * CZK52.98)
CZK4.50
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CZK4.50 / (5.64% - 0.23%)
CZK83.15
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CZK52.98 + CZK83.15
CZK136.13
DB:MM0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MM0 represents 0.03878x of SEP:MONET
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.03878x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CZK) x Listing Adjustment Factor
= CZK 136.13 x 0.03878
€5.28
Value per share (EUR) From above. €5.28
Current discount Discount to share price of €2.85
= -1 x (€2.85 - €5.28) / €5.28
46%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price MONETA Money Bank is available for.
Intrinsic value
46%
Share price is €2.85 vs Future cash flow value of €5.28
Current Discount Checks
For MONETA Money Bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MONETA Money Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MONETA Money Bank's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MONETA Money Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MONETA Money Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MM0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CZK CZK7.85
SEP:MONET Share Price ** SEP (2019-05-21) in CZK CZK73.5
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.85x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MONETA Money Bank.

DB:MM0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEP:MONET Share Price ÷ EPS (both in CZK)

= 73.5 ÷ 7.85

9.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MONETA Money Bank is good value based on earnings compared to the DE Banks industry average.
  • MONETA Money Bank is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does MONETA Money Bank's expected growth come at a high price?
Raw Data
DB:MM0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
4.4%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.79x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:MM0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.37x ÷ 4.4%

2.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MONETA Money Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on MONETA Money Bank's assets?
Raw Data
DB:MM0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CZK CZK51.31
SEP:MONET Share Price * SEP (2019-05-21) in CZK CZK73.5
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.92x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:MM0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEP:MONET Share Price ÷ Book Value per Share (both in CZK)

= 73.5 ÷ 51.31

1.43x

* Primary Listing of MONETA Money Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MONETA Money Bank is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess MONETA Money Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. MONETA Money Bank has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MM0 Future Performance

 How is MONETA Money Bank expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MONETA Money Bank expected to grow at an attractive rate?
  • MONETA Money Bank's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • MONETA Money Bank's earnings growth is positive but not above the Germany market average.
  • MONETA Money Bank's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MM0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MM0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 4.4%
DB:MM0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 5.3%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 13.4%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MM0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in CZK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MM0 Future Estimates Data
Date (Data in CZK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 12,533 4,546 1
2022-12-31 12,366 4,196 1
2021-12-31 11,555 3,952 7
2020-12-31 10,937 3,715 9
2019-12-31 10,358 3,667 9
DB:MM0 Past Financials Data
Date (Data in CZK Millions) Revenue Cash Flow Net Income *
2019-03-31 9,771 -14,929 4,010
2018-12-31 9,873 -31,928 4,200
2018-09-30 10,125 16,422 4,167
2018-06-30 9,833 -3,225 3,849
2018-03-31 10,168 -4,200 4,056
2017-12-31 9,954 19,217 3,923
2017-09-30 9,749 -26,521 3,986
2017-06-30 9,874 568 3,971
2017-03-31 9,958 2,575 4,015
2016-12-31 10,029 2,830 4,054
2016-09-30 10,336 3,278 4,190
2016-06-30 10,603 4,713 4,414

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MONETA Money Bank's earnings are expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
  • MONETA Money Bank's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MM0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from MONETA Money Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MM0 Future Estimates Data
Date (Data in CZK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 8.90 9.00 8.80 2.00
2022-12-31 8.60 8.80 8.40 2.00
2021-12-31 7.82 8.30 7.30 6.00
2020-12-31 7.50 8.00 6.90 7.00
2019-12-31 7.38 8.04 6.70 7.00
DB:MM0 Past Financials Data
Date (Data in CZK Millions) EPS *
2019-03-31 7.85
2018-12-31 8.22
2018-09-30 8.15
2018-06-30 7.53
2018-03-31 7.94
2017-12-31 7.68
2017-09-30 7.80
2017-06-30 7.77
2017-03-31 7.86
2016-12-31 7.93
2016-09-30 8.20
2016-06-30 8.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • MONETA Money Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MONETA Money Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MONETA Money Bank has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MM0 Past Performance

  How has MONETA Money Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MONETA Money Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MONETA Money Bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • MONETA Money Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MONETA Money Bank's 1-year earnings growth is negative, it can't be compared to the DE Banks industry average.
Earnings and Revenue History
MONETA Money Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MONETA Money Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MM0 Past Revenue, Cash Flow and Net Income Data
Date (Data in CZK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 9,771.00 4,010.00 4,577.00
2018-12-31 9,873.00 4,200.00 4,567.00
2018-09-30 10,125.00 4,167.00 4,592.00
2018-06-30 9,833.00 3,849.00 4,611.00
2018-03-31 10,168.00 4,056.00 4,626.00
2017-12-31 9,954.00 3,923.00 4,696.00
2017-09-30 9,749.00 3,986.00 4,588.00
2017-06-30 9,874.00 3,971.00 4,509.00
2017-03-31 9,958.00 4,015.00 4,400.00
2016-12-31 10,029.00 4,054.00 4,268.00
2016-09-30 10,336.00 4,190.00 4,372.00
2016-06-30 10,603.00 4,414.00 4,386.00
2016-03-31 10,889.00 4,402.00 4,562.00
2015-12-31 11,253.00 4,506.00 4,732.00
2015-09-30 12,400.78 4,610.74 4,791.88
2015-06-30 11,562.89 4,560.98 4,739.95
2015-03-31 11,218.63 4,413.40 4,555.14
2014-12-31 10,889.00 4,180.00 4,403.00
2013-12-31 11,020.00 4,259.00 4,693.00
2012-12-31 11,712.00 4,223.00 5,913.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • MONETA Money Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MONETA Money Bank used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if MONETA Money Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess MONETA Money Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MONETA Money Bank has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MM0 Health

 How is MONETA Money Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of MONETA Money Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MONETA Money Bank Company Filings, last reported 1 month ago.

DB:MM0 Past Debt and Equity Data
Date (Data in CZK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 26,220.00 21,967.00 33,592.00
2018-12-31 25,237.00 30,038.00 38,189.00
2018-09-30 24,400.00 15,431.00 25,163.00
2018-06-30 23,158.00 20,237.00 29,392.00
2018-03-31 26,299.00 16,249.00 42,755.00
2017-12-31 25,763.00 37,716.00 57,997.00
2017-09-30 24,957.00 19,193.00 46,281.00
2017-06-30 23,992.00 6,420.00 33,670.00
2017-03-31 28,082.00 3,838.00 29,318.00
2016-12-31 27,268.00 1,486.00 18,158.00
2016-09-30 26,434.00 2.00 20,660.00
2016-06-30 25,463.00 12.00 21,154.00
2016-03-31 28,874.00 15.00 20,030.00
2015-12-31 27,839.00 8.00 13,624.00
2015-09-30 25,144.93 22.15 2,841.33
2015-06-30 23,956.59 11.08 2,566.44
2015-03-31 42,762.14 27.55 2,687.70
2014-12-31 42,583.00 16.00 10,405.00
2013-12-31 38,047.00 5.00 8,620.00
2012-12-31 34,486.00 381.00 14,819.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • MONETA Money Bank has an acceptable proportion of non-loan assets held.
  • MONETA Money Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at MONETA Money Bank are broadly funded by customer deposits.
  • MONETA Money Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • MONETA Money Bank has a sufficient allowance for bad loans.
  • MONETA Money Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess MONETA Money Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MONETA Money Bank has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MM0 Dividends

 What is MONETA Money Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.37%
Current annual income from MONETA Money Bank dividends. Estimated to be 8.49% next year.
If you bought €2,000 of MONETA Money Bank shares you are expected to receive €167 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • MONETA Money Bank's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • MONETA Money Bank's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MM0 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MM0 Future Dividends Estimate Data
Date (Data in CZK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 6.60 1.00
2022-12-31 5.85 2.00
2021-12-31 6.74 4.00
2020-12-31 6.15 8.00
2019-12-31 6.15 9.00
DB:MM0 Past Annualized Dividends Data
Date (Data in CZK) Dividend per share (annual) Avg. Yield (%)
2019-03-21 6.150 7.961
2019-02-06 6.150 7.861
2018-03-21 8.000 10.284
2018-02-07 8.000 9.561
2017-04-24 9.800 12.452

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MONETA Money Bank has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • MONETA Money Bank has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of MONETA Money Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess MONETA Money Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MONETA Money Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MONETA Money Bank has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MM0 Management

 What is the CEO of MONETA Money Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tomáš Spurný
AGE 53
TENURE AS CEO 3.6 years
CEO Bio

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 since November 24, 2015. Mr. Spurný served as the Chief Executive Officer and Member of Management Board of Banca Comerciala Romana S.A. from April 1, 2012 to September 30, 2015. He served as the Chief Executive Officer of Central-European International Bank Ltd. (CIB Bank Zrt.). He served as the Chief Executive Officer for Romanian operations at Erste Group Bank AG until September 2015. He served as a Member of Management Board of Vseobecná úverová banka, a.s. He served as the Chairman of the Management Board and Chief Executive Officer of Vseobecná úverová banka, a.s. since May 2002. He has acquired his managing experience during the restructuring and privatization process in Komercní banka, Prague, where he was also in charge of the finance and risk management areas. He served as a Member of Management Board at GE Money Bank, AS since October 1, 2015. He served as the Chairman and Chief Executive Officer largest non-banking issuer of CCS credit cards – Ceská spolecnost pro platební karty (The Czech Credit Card Company). He has been the Chairman of the Board at GE Money Bank, AS since October 1, 2015. He obtained his experience and skills in finance also due to his long-term engagement with the consulting company McKinsey & Company from 1994 to 1999. He served as the Chairman of PPF A.S. until February 2009. He served as a Director of Central-European International Bank Ltd. (CIB Bank Zrt.). He served as a Member of the Supervisory Board at Burza cenných papíru Praha, a.s. until March 31, 2004. He served as a Member of the Supervisory Board of Prague Stock Exchange until March 31, 2004. He served as a Member of the Board of Directors of Komercní banka, Prague since May 2000. Mr. Spurný holds a bachelor’s degree from New York University and an MBA from Columbia Business School.

CEO Compensation
  • Insufficient data for Tomáš to compare compensation growth.
  • Insufficient data for Tomáš to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the MONETA Money Bank management team in years:

3.7
Average Tenure
49
Average Age
  • The tenure for the MONETA Money Bank management team is about average.
Management Team

Tomáš Spurný

TITLE
Chairman of the Management Board & CEO
AGE
53
TENURE
3.6 yrs

Carl Vökt

TITLE
Chief Risk Officer & Vice-Chairman of Management Board
AGE
55
TENURE
0.2 yrs

Jan Fricek

TITLE
CFO & Member of Management Board
TENURE
0.5 yrs

Jan Novotný

TITLE
Chief Commercial Banking Officer & Member of the Management Board
AGE
42
TENURE
5.4 yrs

Albert van Veen

TITLE
COO & Member of the Management Board
TENURE
2 yrs

Miroslav Zvrškovec

TITLE
Manager IT PMO & Information Technologies

Vladimír Klein

TITLE
Chief Information Officer

Tomáš Cerný

TITLE
Chief Legal Officer
AGE
45
TENURE
7.8 yrs

Thomas Dodd

TITLE
Chief Compliance Officer
AGE
49
TENURE
4.2 yrs

Andrew Gerber

TITLE
Chief Products & Marketing Officer
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the MONETA Money Bank board of directors in years:

1.6
Average Tenure
54
Average Age
  • The average tenure for the MONETA Money Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gabriel Eichler

TITLE
Chairman of the Supervisory Board
AGE
68
TENURE
0.8 yrs

Miroslav Singer

TITLE
Vice-Chairman of the Supervisory Board
AGE
50
TENURE
2 yrs

Klára Sokolová

TITLE
Chief Human Resources Officer & Member of the Supervisory Board
AGE
40
TENURE
0.3 yrs

Aleš Sloupenský

TITLE
Member of the Supervisory Board & Chief Retail Distribution Officer
AGE
46
TENURE
0.3 yrs

Jirí Huml

TITLE
Chief Shared Services Officer & Member of the Supervisory Board
AGE
54
TENURE
0.3 yrs

Michal Petrman

TITLE
Member of the Supervisory Board
AGE
60
TENURE
3.1 yrs

Clare Clarke

TITLE
Member of the Supervisory Board
AGE
61
TENURE
3.1 yrs

Denis Hall

TITLE
Member of the Supervisory Board
AGE
63
TENURE
3.1 yrs

Tomáš Pardubický

TITLE
Member of Supervisory Board
AGE
44
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess MONETA Money Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MONETA Money Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MM0 News

Simply Wall St News

MM0 Company Info

Description

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; unsecured lending products consisting of consumer loans, credit cards, and personal overdrafts; and commercial lending products comprising working capital, investment loans, and 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 of December 31, 2017, it operated a network of 227 branches and 668 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. The company was founded in 1998 and is headquartered in Prague, the Czech Republic. MONETA Money Bank, a.s. was formerly a subsidiary of GE Capital International Holdings Corporation.

Details
Name: MONETA Money Bank, a.s.
MM0
Exchange: DB
Founded: 1998
CZK1,456,591,608
511,000,000
Website: http://www.moneta.cz
Address: MONETA Money Bank, a.s.
BB Centrum,
Vyskocilova 1422/1a,
Prague,
140 28,
Czech Republic
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEP MONET Share Capital The Stock Exchange Prague Co. Ltd. CZ CZK 06. May 2016
OTCPK GMYY.F Share Capital Pink Sheets LLC US USD 06. May 2016
DB MM0 Share Capital Deutsche Boerse AG DE EUR 06. May 2016
LSE 0RGC Share Capital London Stock Exchange GB CZK 06. May 2016
BATS-CHIXE MONETK Share Capital BATS 'Chi-X Europe' GB CZK 06. May 2016
Number of employees
Current staff
Staff numbers
3,077
MONETA Money Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 22:35
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.