HLSE:ALBBV

Stock Analysis Report

Ålandsbanken Abp

Executive Summary

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

Snowflake

Fundamentals

Acceptable track record with mediocre balance sheet.

Share Price & News

How has Ålandsbanken Abp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.7%

ALBBV

3.9%

FI Banks

1.5%

FI Market


1 Year Return

14.3%

ALBBV

-7.3%

FI Banks

4.2%

FI Market

Return vs Industry: ALBBV exceeded the Finnish Banks industry which returned -7.3% over the past year.

Return vs Market: ALBBV exceeded the Finnish Market which returned 4.2% over the past year.


Shareholder returns

ALBBVIndustryMarket
7 Day2.7%3.9%1.5%
30 Day6.3%-1.4%-0.9%
90 Day4.5%-4.7%-0.1%
1 Year20.1%14.3%-2.0%-7.3%9.1%4.2%
3 Year29.8%13.1%13.5%-3.7%29.0%13.8%
5 Year100.7%63.4%-10.7%-32.1%66.2%34.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

9.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: ALBBV (€15.2) is trading above our estimate of fair value (€15.18)

Significantly Undervalued: ALBBV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ALBBV is poor value based on its PE Ratio (9.9x) compared to the Banks industry average (9.1x).

PE vs Market: ALBBV is good value based on its PE Ratio (9.9x) compared to the Finnish market (20x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALBBV is overvalued based on its PB Ratio (1x) compared to the XE Banks industry average (0.7x).


Next Steps

Future Growth

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

0.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALBBV's forecast earnings growth (0.7% per year) is above the savings rate (0.5%).

Earnings vs Market: ALBBV's earnings (0.7% per year) are forecast to grow slower than the Finnish market (13.6% per year).

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

Revenue vs Market: Insufficient data to determine if ALBBV's revenue is forecast to grow faster than the Finnish market.

High Growth Revenue: Insufficient data to determine if ALBBV's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Ålandsbanken Abp performed over the past 5 years?

5.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ALBBV's earnings have grown by 5.4% per year over the past 5 years.

Accelerating Growth: ALBBV's earnings growth over the past year (10.8%) exceeds its 5-year average (5.4% per year).

Earnings vs Industry: ALBBV earnings growth over the past year (10.8%) exceeded the Banks industry 6%.


Return on Equity

High ROE: ALBBV's Return on Equity (9.8%) is considered low.


Return on Assets

ROA vs Industry: ALBBV's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate ALBBV's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

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

Inventory Level: ALBBV has a low level of unsold assets or inventory.

Debt Coverage by Assets: ALBBV's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: ALBBV's level of assets compared to its equity is very high.

Allowance for Bad Loans: ALBBV has a low allowance for bad loans.

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

Loan Level: ALBBV has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ALBBV has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: ALBBV has an appropriate level of bad loans (0.51%)


Next Steps

Dividend

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

4.61%

Current Dividend Yield


Dividend Yield vs Market

company4.6%marketbottom25%2.3%markettop25%5.0%industryaverage6.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ALBBV's dividend (4.61%) is higher than the bottom 25% of dividend payers in the Finnish market (2.34%).

High Dividend: ALBBV's dividend (4.61%) is low compared to the top 25% of dividend payers in the Finnish market (5.03%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.7%), ALBBV'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

Management

What is the CEO of Ålandsbanken Abp's salary, the management and board of directors tenure and is there insider trading?

8.6yrs

Average management tenure


CEO

Peter Wiklöf (53yo)

11.6yrs

Tenure

0

Peter Wiklöf, Master of Laws, has served as Managing Director, Chief Executive Officer & Chairman and Member of the Executive Team of Alandsbanken PLC since March 2008. Mr. Wiklöf has been an employee o ...


Management Age and Tenure

8.6yrs

Average Tenure

53yo

Average Age

Experienced Management: ALBBV's management team is seasoned and experienced (8.6 years average tenure).


Board Age and Tenure

6.5yrs

Average Tenure

65.5yo

Average Age

Experienced Board: ALBBV's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Peter Wiklöf (53yo)

    MD, CEO & Chairman of the Executive Team

    • Tenure: 11.6yrs
  • Anne-Maria Salonius (55yo)

    Member of the Executive Team

    • Tenure: 9.8yrs
  • Tove Erikslund (52yo)

    Chief Administrative Officer & Member of the Executive Team

    • Tenure: 13.8yrs
  • Stefan Gothenby

    Chief Investment Officer

    • Tenure: 0yrs
  • Jan-Gunnar Eurell (60yo)

    Deputy MD

    • Tenure: 8.6yrs
  • Kimmo Autio

    Managing Director of Ab Compass Card Oy Ltd

    • Tenure: 0yrs
  • Magnus Johansson (47yo)

    Member of the Executive Team

    • Tenure: 2.8yrs
  • Juhana Rauthovi (44yo)

    Chief Risk & Compliance Officer and Member of the Executive Team

    • Tenure: 7.8yrs
  • Jonny Sundström

    Head of Fixed Income

    • Tenure: 0yrs
  • Mikael Mörn (54yo)

    Member of the Executive Team

    • Tenure: 2.7yrs

Board Members

  • Lars Christoffer Taxell (71yo)

    Deputy Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: €42.00k
  • Anders Wiklöf (73yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: €37.00k
  • Åsa Ceder (54yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: €43.00k
  • Nils Lampi (71yo)

    Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: €54.00k
  • Anders Karlsson (60yo)

    Director

    • Tenure: 7.5yrs
    • Compensation: €43.00k
  • Ulrika Valassi (52yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: €45.00k

Company Information

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


Key Information

  • Name: Ålandsbanken Abp
  • Ticker: ALBBV
  • Exchange: HLSE
  • Founded: 1919
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €236.383m
  • Shares outstanding: 15.55m
  • Website: https://www.alandsbanken.fi

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALBAVHLSE (OMX Nordic Exchange Helsinki)YesSeries A SharesFIEURJan 1992
0O2MLSE (London Stock Exchange)YesSeries A SharesGBEURJan 1992
ALBAVHBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBEURJan 1992
ALBBVHLSE (OMX Nordic Exchange Helsinki)Series B SharesFIEURJun 1992
ALBBVHBATS-CHIXE (BATS 'Chi-X Europe')Series B SharesGBEURJun 1992
0O2NLSE (London Stock Exchange)Series B SharesGBEURJun 1992

Biography

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,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:39
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.