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Banco Comercial Português

Market Cap

€1.9b

Last Updated

2021/05/07 00:48 UTC

Data Sources

Company Financials +

Executive Summary

Banco Comercial Português, S.A., together with its subsidiaries, provides various banking and financial products and services under the Millennium bcp brand. More Details


Snowflake Analysis

Excellent balance sheet and good value.


Similar Companies

Share Price & News

How has Banco Comercial Português's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine BCPU's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine BCPU's volatility change over the past year.


Market Performance


7 Day Return

11.0%

BCPU

1.3%

GB Banks

2.1%

GB Market


1 Year Return

34.2%

BCPU

35.7%

GB Banks

26.6%

GB Market

Return vs Industry: BCPU underperformed the UK Banks industry which returned 39.5% over the past year.

Return vs Market: BCPU exceeded the UK Market which returned 26.4% over the past year.


Shareholder returns

BCPUIndustryMarket
7 Day11.0%1.3%2.1%
30 Day6.4%2.7%3.6%
90 Day6.7%19.3%9.6%
1 Year34.2%34.2%38.6%35.7%32.1%26.6%
3 Year-56.9%-57.2%-24.0%-31.5%12.8%-0.2%
5 Year-69.1%-94.7%16.2%-2.1%51.8%23.0%

Long-Term Price Volatility Vs. Market

How volatile is Banco Comercial Português's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Banco Comercial Português undervalued compared to its fair value and its price relative to the market?

12.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BCPU (€0.13) is trading above our estimate of fair value (€0.12)

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


Price To Earnings Ratio

PE vs Industry: BCPU is good value based on its PE Ratio (12.7x) compared to the GB Banks industry average (13.2x).

PE vs Market: BCPU is good value based on its PE Ratio (12.7x) compared to the UK market (25.8x).


Price to Earnings Growth Ratio

PEG Ratio: BCPU is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BCPU is good value based on its PB Ratio (0.3x) compared to the GB Banks industry average (0.7x).


Future Growth

How is Banco Comercial Português forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

23.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCPU's forecast earnings growth (23.1% per year) is above the savings rate (0.9%).

Earnings vs Market: BCPU's earnings (23.1% per year) are forecast to grow faster than the UK market (17.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BCPU's revenue (7.9% per year) is forecast to grow faster than the UK market (5.4% per year).

High Growth Revenue: BCPU's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BCPU's Return on Equity is forecast to be low in 3 years time (5.9%).


Past Performance

How has Banco Comercial Português performed over the past 5 years?

24.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCPU has high quality earnings.

Growing Profit Margin: BCPU's current net profit margins (10.2%) are lower than last year (14.7%).


Past Earnings Growth Analysis

Earnings Trend: BCPU's earnings have grown significantly by 24% per year over the past 5 years.

Accelerating Growth: BCPU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BCPU had negative earnings growth (-36.3%) over the past year, making it difficult to compare to the Banks industry average (-40.7%).


Return on Equity

High ROE: BCPU's Return on Equity (2.8%) is considered low.


Financial Health

How is Banco Comercial Português'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: BCPU's Assets to Equity ratio (11.6x) is moderate.

Allowance for Bad Loans: BCPU has a sufficient allowance for bad loans (159%).

Low Risk Liabilities: 81% of BCPU's liabilities are made up of primarily low risk sources of funding.

Loan Level: BCPU has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: BCPU's Loans to Deposits ratio (83%) is appropriate.

Level of Bad Loans: BCPU has a high level of bad loans (2.3%).


Dividend

What is Banco Comercial Português's current dividend yield, its reliability and sustainability?

4.07%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BCPU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BCPU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BCPU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BCPU's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BCPU is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BCPU's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

5.2yrs

Average board tenure


CEO

Miguel Maya Pinheiro (56 yo)

3yrs

Tenure

€1,067,266

Compensation

Mr. Miguel Maya Dias Pinheiro is a Vice Chair of Administrative Council at Banco Millennium Atlântico, SA since 2018. Mr. Pinheiro had been Vice Chairman of BIM – Banco Internacional. He served as a Chairm...


CEO Compensation Analysis

Compensation vs Market: Miguel Maya's total compensation ($USD1.29M) is about average for companies of similar size in the UK market ($USD1.42M).

Compensation vs Earnings: Miguel Maya's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

Experienced Board: BCPU's board of directors are considered experienced (5.2 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

Banco Comercial Português, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banco Comercial Português, S.A.
  • Ticker: BCPU
  • Exchange: BATS-CHIXE
  • Founded: 1985
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €1.924b
  • Shares outstanding: 15.11b
  • Website: https://ind.millenniumbcp.pt

Number of Employees


Location

  • Banco Comercial Português, S.A.
  • Praça Dom João I, nº28
  • Piso 4
  • Porto
  • Norte
  • 4000-295
  • Portugal

Listings


Biography

Banco Comercial Português, S.A., together with its subsidiaries, provides various banking and financial products and services under the Millennium bcp brand. It operates through Retail Banking; Companies, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 00:48
End of Day Share Price2021/05/06 00:00
Earnings2020/12/31
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.