Addiko Bank AG provides various banking products and services in Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Montenegro, Austria, and Germany.
Very undervalued with excellent balance sheet.
Share Price & News
How has Addiko Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ZYE1's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how ZYE1 performed against the German Banks industry.
Return vs Market: Insufficient data to determine how ZYE1 performed against the German Market.
Price Volatility Vs. Market
How volatile is Addiko Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Addiko Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ZYE1 (€7.86) is trading below our estimate of fair value (€38.9)
Significantly Below Fair Value: ZYE1 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ZYE1 is good value based on its PE Ratio (4.6x) compared to the Banks industry average (15x).
PE vs Market: ZYE1 is good value based on its PE Ratio (4.6x) compared to the German market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: ZYE1 is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: ZYE1 is good value based on its PB Ratio (0.2x) compared to the DE Banks industry average (0.8x).
How is Addiko Bank forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ZYE1's forecast earnings growth (18% per year) is above the savings rate (-0.4%).
Earnings vs Market: ZYE1's earnings (18% per year) are forecast to grow faster than the German market (14.1% per year).
High Growth Earnings: ZYE1's earnings are forecast to grow, but not significantly.
Revenue vs Market: ZYE1's revenue (7.8% per year) is forecast to grow faster than the German market (4% per year).
High Growth Revenue: ZYE1's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZYE1's Return on Equity is forecast to be low in 3 years time (7.4%).
How has Addiko Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZYE1 has a high level of non-cash earnings.
Growing Profit Margin: ZYE1's current net profit margins (13.9%) are lower than last year (35%).
Past Earnings Growth Analysis
Earnings Trend: ZYE1 has become profitable over the past 5 years, growing earnings by 66.9% per year.
Accelerating Growth: ZYE1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ZYE1 had negative earnings growth (-66.3%) over the past year, making it difficult to compare to the Banks industry average (0.7%).
Return on Equity
High ROE: ZYE1's Return on Equity (4.1%) is considered low.
How is Addiko Bank'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: ZYE1's level of assets compared to its equity is low.
Allowance for Bad Loans: ZYE1 has a sufficient allowance for bad loans.
Low Risk Liabilities: ZYE1's liabilities are made up of primarily low risk sources of funding.
Loan Level: ZYE1 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ZYE1's loans are broadly funded by customer deposits.
Level of Bad Loans: ZYE1 has a high level of bad loans (6.33%)
What is Addiko Bank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ZYE1's dividend (24.7%) is higher than the bottom 25% of dividend payers in the German market (1.69%).
High Dividend: ZYE1's dividend (24.7%) is in the top 25% of dividend payers in the German market (4.85%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether ZYE1's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if ZYE1's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (113.9%), ZYE1's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ZYE1's dividends in 3 years are forecast to be covered by earnings (59.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Razvan Munteanu (53yo)
Mr. Razvan Munteanu has been Chief Executive Officer of Addiko Bank AG since April 1, 2018 and serves as its Chairman of Management Board. Mr. Munteanu serves as Member of Supervisory Board since March 07, ...
|Supervisory Board Chairman||4.33yrs||no data||no data|
|Deputy Chairman of Supervisory Board||no data||no data||no data|
|Deputy Chairman of Supervisory Board||no data||no data||no data|
|Member of Supervisory Board||no data||no data||no data|
|Employee Representative Supervisory Board Member||no data||no data||no data|
|Supervisory Board Member||0.83yr||no data||no data|
|Employee Representative Supervisory Board Member||0.75yr||no data||no data|
Experienced Board: ZYE1's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
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: ZYE1 only recently listed within the past 12 months, with total shares outstanding growing by 0% in the past year..
Addiko Bank AG's company bio, employee growth, exchange listings and data sources
- Name: Addiko Bank AG
- Ticker: ZYE1
- Exchange: DB
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €161.850m
- Shares outstanding: 19.50m
- Website: https://www.addiko.com
Number of Employees
- Addiko Bank AG
- Wipplingerstrasse 34/4 OG
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ADKO||WBAG (Wiener Boerse AG)||Yes||Bearer Shares||AT||EUR||Jul 2019|
|ZYE1||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||Jul 2019|
|ADBK.F||OTCPK (Pink Sheets LLC)||Yes||Bearer Shares||US||USD||Jul 2019|
|ADKOV||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Bearer Shares||GB||EUR||Jul 2019|
Addiko Bank AG provides various banking products and services in Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Montenegro, Austria, and Germany. It offers deposit products; daily banking services; consumer finance; mortgage loans relating to real estate purchase or leveraging private real estate as collateral; public finance; working capital and investment loans, and trade finance products; online deposit services; and online and mobile banking services. As of December 31, 2018, the company operated 198 branches. It serves private individuals, small and medium-sized enterprises, entrepreneurs, legal entities, and public institutions. The company is headquartered in Vienna, Austria. Addiko Bank AG is a subsidiary of AI Lake (Luxembourg) S.à r.l.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 02:42|
|End of Day Share Price||2020/04/06 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.