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Ålandsbanken AbpHLSE:ALBAV Stock Report

Market Cap







24 Nov, 2021


Company Financials
ALBAV fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance5/6
Financial Health5/6

ALBAV Stock Overview

Ålandsbanken Abp operates as a commercial bank in Finland and Sweden.

Price History & Performance

Summary of all time highs, changes and price drops for Ålandsbanken Abp
Historical stock prices
Current Share Price€32.60
52 Week High€33.20
52 Week Low€20.00
1 Month Change3.82%
3 Month Change10.14%
1 Year Change59.80%
3 Year Change134.53%
5 Year Change132.86%
Change since IPO318.92%

Recent News & Updates

Nov 01
Should You Be Adding Ålandsbanken Abp (HEL:ALBAV) To Your Watchlist Today?

Should You Be Adding Ålandsbanken Abp (HEL:ALBAV) To Your Watchlist Today?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

ALBAVFI BanksFI Market

Return vs Industry: ALBAV exceeded the Finnish Banks industry which returned 26.7% over the past year.

Return vs Market: ALBAV exceeded the Finnish Market which returned 13.8% over the past year.

Price Volatility

Is ALBAV's price volatile compared to industry and market?
ALBAV volatility
ALBAV Average Weekly Movement4.4%
Banks Industry Average Movement3.4%
Market Average Movement4.5%
10% most volatile stocks in FI Market6.9%
10% least volatile stocks in FI Market3.0%

Stable Share Price: ALBAV is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ALBAV's weekly volatility (4%) has been stable over the past year.

About the Company

1919836Peter Wiklof

Ålandsbanken Abp operates as a commercial bank in Finland and Sweden. Its deposit products include savings accounts, time deposits, cash accounts connected to securities accounts, certificates of deposit, index bonds, and debentures issued to the public. The company provides home mortgage loans, securities account loans, loans for business operations, and loans for other household purposes to private individuals; loans to companies, public sector entities, and household interest organizations; and credit and debit cards, as well as lending and guarantee commissions.

Ålandsbanken Abp Fundamentals Summary

How do Ålandsbanken Abp's earnings and revenue compare to its market cap?
ALBAV fundamental statistics
Market Cap€500.42m
Earnings (TTM)€41.69m
Revenue (TTM)€168.39m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALBAV income statement (TTM)
Cost of Revenue€0
Gross Profit€168.39m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 02, 2022

Earnings per share (EPS)2.67
Gross Margin100.00%
Net Profit Margin24.76%
Debt/Equity Ratio628.3%

How did ALBAV perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Ålandsbanken Abp undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ALBAV (€32.6) is trading above our estimate of fair value (€18.17)

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

Price To Earnings Ratio

PE vs Industry: ALBAV is poor value based on its PE Ratio (12.2x) compared to the European Banks industry average (10.9x).

PE vs Market: ALBAV is good value based on its PE Ratio (12.2x) compared to the Finnish market (23.4x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: ALBAV is overvalued based on its PB Ratio (1.6x) compared to the XE Banks industry average (0.7x).

Future Growth

How is Ålandsbanken Abp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


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 Ålandsbanken Abp 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.

Past Performance

How has Ålandsbanken Abp performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALBAV has high quality earnings.

Growing Profit Margin: ALBAV's current net profit margins (24.8%) are higher than last year (20.7%).

Past Earnings Growth Analysis

Earnings Trend: ALBAV's earnings have grown by 14.9% per year over the past 5 years.

Accelerating Growth: ALBAV's earnings growth over the past year (44.2%) exceeds its 5-year average (14.9% per year).

Earnings vs Industry: ALBAV earnings growth over the past year (44.2%) exceeded the Banks industry 34.1%.

Return on Equity

High ROE: ALBAV's Return on Equity (12.9%) is considered low.

Financial Health

How is Ålandsbanken Abp'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: ALBAV's Assets to Equity ratio (19.7x) is moderate.

Allowance for Bad Loans: ALBAV has a low allowance for bad loans (24%).

Low Risk Liabilities: 64% of ALBAV's liabilities are made up of primarily low risk sources of funding.

Loan Level: ALBAV has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: ALBAV's Loans to Deposits ratio (120%) is appropriate.

Level of Bad Loans: ALBAV has an appropriate level of bad loans (1.2%).


What is Ålandsbanken Abp current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ALBAV's dividend (3.07%) is higher than the bottom 25% of dividend payers in the Finnish market (1.64%).

High Dividend: ALBAV's dividend (3.07%) is low compared to the top 25% of dividend payers in the Finnish market (3.57%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ALBAV has been paying a dividend for less than 10 years.

Growing Dividend: ALBAV's dividend payments have increased, but the company has only paid a dividend for 9 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.4%), ALBAV's dividend payments are 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


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


Average management tenure


Peter Wiklof (55 yo)



Mr. Peter Wiklof, LLM, has served as Managing Director, Chief Executive Officer & Chairman of the Executive Team of Ålandsbanken Abp since March 2008. Mr. Wiklöf has held various positions at the Bank of Å...

Leadership Team

Experienced Management: ALBAV's management team is seasoned and experienced (10.3 years average tenure).

Board Members

Experienced Board: ALBAV's board of directors are considered experienced (8.6 years average tenure).


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

Ålandsbanken Abp's employee growth, exchange listings and data sources

Key Information

  • Name: Ålandsbanken Abp
  • Ticker: ALBAV
  • Exchange: HLSE
  • Founded: 1919
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €500.422m
  • Shares outstanding: 15.60m
  • Website:

Number of Employees


  • Ålandsbanken Abp
  • Nygatan 2
  • Mariehamn
  • Åland
  • 22100
  • Finland


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/24 22:40
End of Day Share Price2021/11/24 00:00
Annual Earnings2020/12/31

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.