XTRA:O4B

Stock Analysis Report

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Executive Summary

OVB Holding AG provides financial advisory services primarily to private households in Europe.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has OVB Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: O4B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.4%

O4B

4.2%

DE Capital Markets

3.2%

DE Market


1 Year Return

-3.5%

O4B

22.2%

DE Capital Markets

0.01%

DE Market

Return vs Industry: O4B underperformed the German Capital Markets industry which returned 22.6% over the past year.

Return vs Market: O4B underperformed the German Market which returned -0.1% over the past year.


Shareholder returns

O4BIndustryMarket
7 Day4.4%4.2%3.2%
30 Day9.2%10.7%4.7%
90 Day-2.3%3.1%-0.9%
1 Year0.7%-3.5%23.7%22.2%1.7%0.01%
3 Year-14.7%-24.1%-6.3%-10.2%-6.8%-14.0%
5 Year8.1%-10.0%-26.1%-36.2%3.9%-9.5%

Price Volatility Vs. Market

How volatile is OVB Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is OVB Holding undervalued compared to its fair value and its price relative to the market?

21.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: O4B (€16.7) is trading above our estimate of fair value (€16.03)

Significantly Below Fair Value: O4B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: O4B is good value based on its PE Ratio (21.7x) compared to the Capital Markets industry average (22.3x).

PE vs Market: O4B is poor value based on its PE Ratio (21.7x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: O4B is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: O4B is overvalued based on its PB Ratio (2.6x) compared to the DE Capital Markets industry average (2.2x).


Next Steps

Future Growth

How is OVB Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: O4B's forecast earnings growth (7.8% per year) is above the savings rate (0.2%).

Earnings vs Market: O4B's earnings (7.8% per year) are forecast to grow slower than the German market (22.5% per year).

High Growth Earnings: O4B's earnings are forecast to grow, but not significantly.

Revenue vs Market: O4B's revenue (4% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: O4B's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if O4B's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has OVB Holding performed over the past 5 years?

1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: O4B has high quality earnings.

Growing Profit Margin: O4B's current net profit margins (4.2%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: O4B's earnings have grown by 1.7% per year over the past 5 years.

Accelerating Growth: O4B's earnings growth over the past year (7.9%) exceeds its 5-year average (1.7% per year).

Earnings vs Industry: O4B earnings growth over the past year (7.9%) exceeded the Capital Markets industry 4.1%.


Return on Equity

High ROE: O4B's Return on Equity (12.1%) is considered low.


Next Steps

Financial Health

How is OVB Holding's financial position?


Financial Position Analysis

Short Term Liabilities: O4B's short term assets (€178.2M) exceed its short term liabilities (€113.2M).

Long Term Liabilities: O4B's short term assets (€178.2M) exceed its long term liabilities (€13.7M).


Debt to Equity History and Analysis

Debt Level: O4B is debt free.

Reducing Debt: O4B has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.

Debt Coverage: O4B has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: O4B has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is OVB Holding's current dividend yield, its reliability and sustainability?

4.49%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: O4B's dividend (4.49%) is higher than the bottom 25% of dividend payers in the German market (1.32%).

High Dividend: O4B's dividend (4.49%) is in the top 25% of dividend payers in the German market (4.07%)


Stability and Growth of Payments

Stable Dividend: O4B's dividend payments have been volatile in the past 10 years.

Growing Dividend: O4B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (97.5%), O4B's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

7.1yrs

Average board tenure


CEO

Mario Freis (44yo)

4.25yrs

Tenure

€770,000

Compensation

Mr. Mario Freis has been the Chief Executive Officer of OVB Holding AG since February 2016 an as its Member of Executive Board since January 1, 2010. Mr. Freis serves as the Chairman of the Executive Board ...


CEO Compensation Analysis

Compensation vs Market: Mario's total compensation ($USD851.30K) is about average for companies of similar size in the German market ($USD711.30K).

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


Board Members

NamePositionTenureCompensationOwnership
Markus Jost
Member of Supervisory Board6.92yrs€32.50kno data
Michael Johnigk
Chairman of the Supervisory Board9.83yrs€42.50kno data
Wilfried Kempchen
Independent Member of the Supervisory Board7.92yrs€15.00kno data
Thomas Lange
Deputy Chairman of the Supervisory Board7.33yrs€37.50kno data
Harald Steirer
Member of the Supervisory Board0.17yrno datano data
Maximilian Beck
Member of the Supervisory Board1.92yrs€22.50kno data

7.1yrs

Average Tenure

58yo

Average Age

Experienced Board: O4B's board of directors are considered experienced (7.1 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

OVB Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OVB Holding AG
  • Ticker: O4B
  • Exchange: XTRA
  • Founded: 1970
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €237.997m
  • Shares outstanding: 14.25m
  • Website: https://www.ovb.eu

Number of Employees


Location

  • OVB Holding AG
  • Heumarkt 1
  • Cologne
  • North Rhine-Westphalia
  • 50667
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
O4BDB (Deutsche Boerse AG)YesCommon StockDEEURJul 2006
O4BXTRA (XETRA Trading Platform)YesCommon StockDEEURJul 2006
0NENLSE (London Stock Exchange)YesCommon StockGBEURJul 2006

Biography

OVB Holding AG provides financial advisory services primarily to private households in Europe. The company engages in the provision of advisory to its clients in structuring their finances; and broking various financial products offered by insurance companies and other enterprises. OVB Holding AG was founded in 1970 and is headquartered in Cologne, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 22:08
End of Day Share Price2020/05/28 00:00
Earnings2020/03/31
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.