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Bank of Åland

HLSE:ALBBV
Snowflake Description

Acceptable track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALBBV
HLSE
€226M
Market Cap
  1. Home
  2. FI
  3. Banks
Company description

Bank of Åland Plc operates as a commercial bank in Finland and Sweden. The last earnings update was 54 days ago. More info.


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ALBBV Share Price and Events
7 Day Returns
3.5%
HLSE:ALBBV
-1.4%
Europe Banks
0.7%
FI Market
1 Year Returns
9.3%
HLSE:ALBBV
-14.6%
Europe Banks
-6.2%
FI Market
ALBBV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Åland (ALBBV) 3.5% 5% 3.9% 9.3% 3.5% 71.1%
Europe Banks -1.4% -3.3% -6.8% -14.6% 1% -42.4%
FI Market 0.7% -1% -6.7% -6.2% 19.4% 22.7%
1 Year Return vs Industry and Market
  • ALBBV outperformed the Banks industry which returned -14.6% over the past year.
  • ALBBV outperformed the Market in Finland which returned -6.2% over the past year.
Price Volatility
ALBBV
Industry
5yr Volatility vs Market

Value

 Is Bank of Åland 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 Bank of Åland 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 Bank of Åland.

HLSE:ALBBV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €14.89 * 8.9%
€1.32
Book Value of Equity per Share Median Book Value from the past 5 years. €14.89
Discount Rate (Cost of Equity) See below 13.6%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

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 HLSE:ALBBV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.59 (1 + (1- 20%) (908.14%))
3.596
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (2 * 6.51%)
13.56%

Discounted Cash Flow Calculation for HLSE:ALBBV using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Åland 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.

HLSE:ALBBV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.9% – 13.56%) * €14.89)
€-0.70
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.70 / (13.56% - 0.54%)
€-5.37
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €14.89 + €-5.37
€9.52
HLSE:ALBBV Discount to Share Price
Calculation Result
Value per share (EUR) From above. €9.78
Current discount Discount to share price of €14.70
= -1 x (€14.70 - €9.78) / €9.78
-50.2%

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

  • The current share price of Bank of Åland is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Bank of Åland's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Åland's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:ALBBV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.52
HLSE:ALBAV Share Price ** HLSE (2019-06-18) in EUR €14.3
Europe Banks Industry PE Ratio Median Figure of 163 Publicly-Listed Banks Companies 9.08x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 20.02x

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

** Primary Listing of Bank of Åland.

HLSE:ALBBV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:ALBAV Share Price ÷ EPS (both in EUR)

= 14.3 ÷ 1.52

9.41x

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

  • Bank of Åland is overvalued based on earnings compared to the Europe Banks industry average.
  • Bank of Åland is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Bank of Åland's expected growth come at a high price?
Raw Data
HLSE:ALBBV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
1.5%per year
Europe Banks Industry PEG Ratio Median Figure of 113 Publicly-Listed Banks Companies 0.78x
Finland Market PEG Ratio Median Figure of 92 Publicly-Listed Companies 1.72x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Bank of Åland, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank of Åland's assets?
Raw Data
HLSE:ALBBV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €15.91
HLSE:ALBAV Share Price * HLSE (2019-06-18) in EUR €14.3
Europe Banks Industry PB Ratio Median Figure of 174 Publicly-Listed Banks Companies 0.66x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.98x
HLSE:ALBBV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:ALBAV Share Price ÷ Book Value per Share (both in EUR)

= 14.3 ÷ 15.91

0.9x

* Primary Listing of Bank of Åland.

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

  • Bank of Åland is overvalued based on assets compared to the Europe Banks industry average.
X
Value checks
We assess Bank of Åland'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. Bank of Åland has a total score of 1/6, 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.

Future Performance

 How is Bank of Åland expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bank of Åland, future earnings growth has been estimated based on fundamentals.
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
1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Åland expected to grow at an attractive rate?
  • Bank of Åland's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Bank of Åland's earnings growth is positive but not above the Finland market average.
  • Unable to compare Bank of Åland's revenue growth to the Finland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
HLSE:ALBBV Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:ALBBV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 1.5%
Europe Banks Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.5%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*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
HLSE:ALBBV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:ALBBV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 126 -301 24
2018-12-31 127 -273 23
2018-09-30 128 -308 21
2018-06-30 129 -383 21
2018-03-31 126 -372 19
2018-01-01 126 -279 21
2017-09-30 122 -635 20
2017-06-30 119 -548 20
2017-03-31 119 -527 19
2016-12-31 116 -330 20
2016-09-30 118 -54 20
2016-06-30 118 -46 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Åland's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Bank of Åland is high growth as no revenue estimate data is available.
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
HLSE:ALBBV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bank of Åland Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:ALBBV Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.52
2018-12-31 1.48
2018-09-30 1.34
2018-06-30 1.35
2018-03-31 1.22
2018-01-01 1.35
2017-09-30 1.33
2017-06-30 1.29
2017-03-31 1.26
2016-12-31 1.29
2016-09-30 1.32
2016-06-30 1.32

*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.
  • Unable to establish if Bank of Åland will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bank of Åland'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 Europe 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.
Bank of Åland has a total score of 1/6, 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.

Past Performance

  How has Bank of Åland 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 Bank of Åland'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.
  • Bank of Åland's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of Åland's 1-year earnings growth exceeds its 5-year average (25.1% vs 8.2%)
  • Bank of Åland's earnings growth has exceeded the Europe Banks industry average in the past year (25.1% vs 7.4%).
Earnings and Revenue History
Bank of Åland'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 Bank of Åland Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:ALBBV Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 126.10 23.53 66.74
2018-12-31 126.80 22.93 66.54
2018-09-30 127.88 20.70 66.81
2018-06-30 129.38 20.80 67.81
2018-03-31 126.18 18.80 68.31
2018-01-01 125.88 20.70 68.91
2017-09-30 122.45 20.39 68.65
2017-06-30 118.85 19.69 67.55
2017-03-31 118.75 19.29 67.15
2016-12-31 116.35 19.69 65.25
2016-09-30 117.68 20.10 65.81
2016-06-30 118.18 20.10 65.81
2016-03-31 119.78 22.90 65.41
2015-12-31 121.88 24.30 65.51
2015-09-30 124.34 24.65 64.15
2015-06-30 124.94 24.75 63.45
2015-03-31 124.34 22.45 62.95
2014-12-31 119.04 16.15 62.75
2014-09-30 113.78 13.59 63.18
2014-06-30 109.38 8.99 62.68
2014-03-31 105.28 6.09 62.38
2013-12-31 103.98 6.69 61.88
2013-09-30 115.16 18.32 61.63
2013-06-30 111.86 17.52 62.23
2013-03-31 107.15 14.46 84.63
2012-12-31 103.96 11.32 62.93
2012-09-30 86.44 -8.17 76.80
2012-06-30 88.24 -8.37 81.10

*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.
  • Bank of Åland has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of Åland used its assets less efficiently than the Europe Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of Åland 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 Bank of Åland'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.
Bank of Åland has a total score of 3/6, 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.

Health

 How is Bank of Åland'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 Bank of Åland'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 Bank of Åland Company Filings, last reported 2 months ago.

HLSE:ALBBV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 247.00 2,049.00 642.00
2018-12-31 242.38 1,894.77 1,205.93
2018-09-30 237.00 2,035.00 585.00
2018-06-30 230.00 1,859.00 482.00
2018-03-31 237.00 1,941.00 444.00
2018-01-01 230.54 1,863.57 607.79
2017-09-30 230.00 1,729.00 382.00
2017-06-30 224.00 1,797.00 574.00
2017-03-31 228.00 1,898.00 664.00
2016-12-31 221.81 1,742.81 633.49
2016-09-30 217.00 1,784.00 550.00
2016-06-30 213.00 1,627.00 382.00
2016-03-31 220.00 1,668.00 359.00
2015-12-31 212.88 1,795.20 290.72
2015-09-30 208.00 1,760.00 83.00
2015-06-30 200.00 1,988.00 268.00
2015-03-31 202.00 1,781.00 165.00
2014-12-31 195.88 1,817.17 200.57
2014-09-30 193.00 1,649.00 127.00
2014-06-30 186.00 1,526.00 114.00
2014-03-31 184.08 1,449.09 208.61
2013-12-31 184.08 1,449.09 208.61
2013-09-30 181.00 1,421.00 153.00
2013-06-30 178.00 1,319.00 148.00
2013-03-31 180.00 1,295.00 93.00
2012-12-31 179.05 1,216.57 266.04
2012-09-30 178.00 1,055.00 79.00
2012-06-30 178.00 1,061.00 118.00
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.
  • Bank of Åland has an acceptable proportion of non-loan assets held.
  • Bank of Åland's liabilities are made up of primarily low risk sources of funding.
  • Bank of Åland has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Bank of Åland's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
  • Bank of Åland has a low allowance for bad loans.
  • Bank of Åland has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bank of Åland'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. Bank of Åland has a total score of 3/6, 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.

Dividends

 What is Bank of Åland'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
4.9%
Current annual income from Bank of Åland dividends.
If you bought €2,000 of Bank of Åland shares you are expected to receive €98 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?
  • Bank of Åland's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.36%).
  • Bank of Åland's dividend is below the markets top 25% of dividend payers in Finland (5.28%).
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
HLSE:ALBBV 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 0 Analyst Estimates (S&P Global) See Below
Europe Banks Industry Average Dividend Yield Market Cap Weighted Average of 137 Stocks 5.8%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.4%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.4%
Finland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

HLSE:ALBBV Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-04 0.700 4.738
2018-03-12 0.650 4.528
2017-03-09 0.600 4.071
2017-02-14 0.600 3.996
2016-04-18 0.600 4.174
2015-03-20 0.400 2.449
2014-03-14 0.150 1.324
2014-02-14 0.150 1.432
2013-04-19 0.150 1.304
2011-08-01 0.000 0.000
2011-04-29 0.000 0.000
2011-03-14 0.000 0.000
2011-02-21 0.000 0.000
2010-03-01 0.500 1.724
2010-02-24 0.500 1.539

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

  • Bank of Åland has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Bank of Åland only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Bank of Åland's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bank of Åland's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Bank of Åland afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Åland has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Bank of Åland'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
Peter Wiklöf
AGE 52
TENURE AS CEO 11.3 years
CEO Bio

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 of the Bank since 1992 and his most recent position has been Managing Director of the Bank of Åland’s subsidiary Crosskey Banking Solutions Ab Ltd. Mr. Wiklöf has held various positions at the Bank of Åland since 1992. In 1992 - 1995 he worked as a Lawyer and Department Manager at the Bank’s Customer Advisory Service. During 1995 - 1999 Mr. Wiklöf also served as an Assistant and later as the regular Assistant to Division Management in the Bank’s Branch Office Division. In 2000 - 2004 he was the Bank’s head of Business Development, a position he held until 2004 when he was appointed Managing Director of the Bank’s subsidiary ÅAB Data Ab, later renamed Crosskey Banking Solutions Ab Ltd. Mr. Wiklöf also served as superintendent of the Criminal Investigation Department at the Åland Police Authority in 1991 - 1992. Mr. Wiklöf is Chairman of the Board of Ålandsbanken Asset Management Ab, Ålandsbanken Equities Ab, Ålandsbanken Fondbolag Ab, Ålandsbanken Abp:s Pensionsstiftelse r.s. Crosskey Banking Solutions Ab Ltd and S-Crosskey Ab as well as a Board member of P24 Media Ab.

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

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

8.3
Average Tenure
52
Average Age
  • The average tenure for the Bank of Åland management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peter Wiklöf

TITLE
MD, CEO & Chairman of the Executive Team
AGE
52
TENURE
11.3 yrs

Jan-Gunnar Eurell

TITLE
Deputy MD
AGE
59
TENURE
8.3 yrs

Anne-Maria Salonius

TITLE
Member of the Executive Team
AGE
54
TENURE
9.4 yrs

Tove Erikslund

TITLE
Chief Administrative Officer & Member of the Executive Team
AGE
51
TENURE
13.4 yrs

Magnus Johansson

TITLE
Member of the Executive Team
AGE
46
TENURE
2.4 yrs

Juhana Rauthovi

TITLE
Chief Risk & Compliance Officer and Member of the Executive Team
AGE
43
TENURE
7.4 yrs

Mikael Mörn

TITLE
Member of the Executive Team
AGE
53
TENURE
2.3 yrs

Stefan Gothenby

TITLE
Chief Investment Officer

Jonny Sundström

TITLE
Head of Fixed Income

Kimmo Autio

TITLE
Managing Director of Ab Compass Card Oy Ltd
Board of Directors Tenure

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

6.2
Average Tenure
64.5
Average Age
  • The tenure for the Bank of Åland board of directors is about average.
Board of Directors

Nils Lampi

TITLE
Chairman of the Board
COMPENSATION
€54K
AGE
70
TENURE
6.2 yrs

Lars Christoffer Taxell

TITLE
Vice Chairman of the Board
COMPENSATION
€42K
AGE
70
TENURE
6.2 yrs

Anders Wiklöf

TITLE
Director
COMPENSATION
€37K
AGE
72
TENURE
13.4 yrs

Anders Karlsson

TITLE
Director
COMPENSATION
€43K
AGE
59
TENURE
7.2 yrs

Ulrika Valassi

TITLE
Director
COMPENSATION
€45K
AGE
51
TENURE
4.2 yrs

Åsa Ceder

TITLE
Director
COMPENSATION
€43K
AGE
53
TENURE
3.2 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 Bank of Åland'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. Bank of Åland 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.

News

Simply Wall St News

Company Info

Description

Bank of Åland Plc 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; corporate loans; loans to public sector entities; guarantees; and credit and debit cards, as well as lending and guarantee commissions. It also offers investment services, such as discretionary and advisory asset management, fund management, securities brokerage, and structured products and services, as well as cashier and payment intermediate services, bank safety deposit boxes, etc. In addition, it supplies banking computer systems for small and medium-sized banks. The company operates through 11 offices. Bank of Åland Plc was founded in 1919 and is headquartered in Mariehamn, Finland.

Details
Name: Bank of Åland Plc
ALBBV
Exchange: HLSE
Founded: 1919
€225,627,044
15,525,000
Website: http://www.alandsbanken.fi
Address: Bank of Åland Plc
Nygatan 2,
Mariehamn,
Åland, 22100,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE ALBAV Series A Shares OMX Nordic Exchange Helsinki FI EUR 02. Jan 1992
LSE 0O2M Series A Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE ALBAVH Series A Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
HLSE ALBBV Series B Shares OMX Nordic Exchange Helsinki FI EUR 17. Jun 1992
LSE 0O2N Series B Shares London Stock Exchange GB EUR 17. Jun 1992
BATS-CHIXE ALBBVH Series B Shares BATS 'Chi-X Europe' GB EUR 17. Jun 1992
Number of employees
Current staff
Staff numbers
683
Bank of Åland employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 20:41
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/04/25
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.