Loading...

Banca Transilvania

LSE:0DP9
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0DP9
LSE
RON10B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Banca Transilvania S.A. provides various banking products and services. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
0DP9 Share Price and Events
7 Day Returns
0%
LSE:0DP9
0.9%
GB Banks
0.5%
GB Market
1 Year Returns
-12.3%
LSE:0DP9
-9.3%
GB Banks
0.8%
GB Market
0DP9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banca Transilvania (0DP9) 0% 0% 18.7% -12.3% - -
GB Banks 0.9% 7.9% 5.9% -9.3% 18.7% -10.6%
GB Market 0.5% 3.6% 7.6% 0.8% 15.9% 6.2%
1 Year Return vs Industry and Market
  • 0DP9 underperformed the Banks industry which returned -9.3% over the past year.
  • 0DP9 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 0.8% over the past year.
Price Volatility
0DP9
Industry
5yr Volatility vs Market

Value

 Is Banca Transilvania 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 Banca Transilvania 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 Banca Transilvania.

LSE:0DP9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= RON1.85 * 14.5%
RON0.27
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. RON1.85
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0DP9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.592 (1 + (1- 16%) (32.49%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.835 * 5.96%)
6.2%

Discounted Cash Flow Calculation for LSE:0DP9 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banca Transilvania 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.

LSE:0DP9 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.5% – 6.2%) * RON1.85)
RON0.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= RON0.15 / (6.2% - 1.23%)
RON3.10
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= RON1.85 + RON3.10
RON4.95
LSE:0DP9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0DP9 represents 0.98148x of BVB:TLV
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98148x
Value per Share
(Listing Adjusted, RON)
= Value per Share (RON) x Listing Adjustment Factor
= RON 4.95 x 0.98148
RON4.86
Value per share (RON) From above. RON4.86
Current discount Discount to share price of RON2.12
= -1 x (RON2.12 - RON4.86) / RON4.86
56.3%

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

Current Discount
Amount off the current price Banca Transilvania is available for.
Intrinsic value
>50%
Share price is RON2.12 vs Future cash flow value of RON4.86
Current Discount Checks
For Banca Transilvania to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Banca Transilvania's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Banca Transilvania's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Banca Transilvania's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banca Transilvania's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0DP9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RON RON0.26
BVB:TLV Share Price ** BVB (2019-04-16) in RON RON2.16
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Banca Transilvania.

LSE:0DP9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BVB:TLV Share Price ÷ EPS (both in RON)

= 2.16 ÷ 0.26

8.3x

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

  • Banca Transilvania is good value based on earnings compared to the GB Banks industry average.
  • Banca Transilvania is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Banca Transilvania's expected growth come at a high price?
Raw Data
LSE:0DP9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
2.1%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0DP9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.3x ÷ 2.1%

4.03x

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

  • Banca Transilvania is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Banca Transilvania's assets?
Raw Data
LSE:0DP9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RON RON1.58
BVB:TLV Share Price * BVB (2019-04-16) in RON RON2.16
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0DP9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BVB:TLV Share Price ÷ Book Value per Share (both in RON)

= 2.16 ÷ 1.58

1.36x

* Primary Listing of Banca Transilvania.

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

  • Banca Transilvania is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Banca Transilvania'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. Banca Transilvania has a total score of 4/6, 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 Banca Transilvania expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
2.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banca Transilvania expected to grow at an attractive rate?
  • Banca Transilvania's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Banca Transilvania's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Banca Transilvania's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0DP9 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0DP9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 2.1%
LSE:0DP9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:0DP9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in RON Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0DP9 Future Estimates Data
Date (Data in RON Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,282 1,291 1
2022-12-31 4,187 1,250 1
2021-12-31 4,348 1,286 3
2020-12-31 4,179 1,094 5
2019-12-31 3,563 1,072 3
LSE:0DP9 Past Financials Data
Date (Data in RON Millions) Revenue Cash Flow Net Income *
2018-12-31 3,618 2,001 1,250
2018-09-30 4,044 1,651
2018-06-30 3,846 -2,200 1,582
2018-03-31 3,130 1,362
2017-12-31 2,911 -2,574 1,239
2017-09-30 2,672 1,404
2017-06-30 2,486 -363 1,304
2017-03-31 2,460 1,308
2016-12-31 2,387 -173 1,272
2016-09-30 2,140 863
2016-06-30 2,152 1,212 855
2016-03-31 2,230 2,518

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banca Transilvania's earnings are expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
  • Banca Transilvania's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
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
LSE:0DP9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Banca Transilvania Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DP9 Future Estimates Data
Date (Data in RON Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.32 0.32 0.32 1.00
2022-12-31 0.26 0.31 0.20 2.00
2021-12-31 0.25 0.31 0.20 4.00
2020-12-31 0.23 0.29 0.17 5.00
2019-12-31 0.22 0.29 0.17 5.00
LSE:0DP9 Past Financials Data
Date (Data in RON Millions) EPS *
2018-12-31 0.26
2018-09-30
2018-06-30 0.33
2018-03-31 0.26
2017-12-31 0.26
2017-09-30
2017-06-30 0.27
2017-03-31
2016-12-31 0.26
2016-09-30 0.18
2016-06-30 0.18
2016-03-31 0.50

*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.
  • Banca Transilvania is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banca Transilvania'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Banca Transilvania 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 Banca Transilvania 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 Banca Transilvania'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.
  • Banca Transilvania's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Banca Transilvania's 1-year earnings growth is less than its 5-year average (0.8% vs 5.3%)
  • Banca Transilvania's earnings growth has not exceeded the GB Banks industry average in the past year (0.8% vs 42.2%).
Earnings and Revenue History
Banca Transilvania'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 Banca Transilvania Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DP9 Past Revenue, Cash Flow and Net Income Data
Date (Data in RON Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,618.15 1,249.74 1,375.23
2018-09-30 4,043.68 1,651.03 1,212.01
2018-06-30 3,845.85 1,582.01 1,179.06
2018-03-31 3,130.19 1,361.51 1,045.09
2017-12-31 2,911.06 1,239.45 979.60
2017-09-30 2,671.97 1,404.01 978.89
2017-06-30 2,485.58 1,303.95 943.14
2017-03-31 2,460.05 1,308.29 905.19
2016-12-31 2,387.13 1,272.42 882.91
2016-09-30 2,140.44 863.38 947.29
2016-06-30 2,151.87 855.12 985.62
2016-03-31 2,229.82 2,518.06 949.78
2015-12-31 2,057.09 2,446.13 909.25
2015-09-30 2,062.63 2,383.59 767.76
2015-06-30 1,891.00 2,325.86 725.77
2015-03-31 1,556.51 507.23 648.80
2014-12-31 1,466.73 441.09 649.62
2013-12-31 1,401.27 396.82 631.41
2012-12-31 1,261.97 341.53 599.32

*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.
  • Banca Transilvania has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banca Transilvania used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Banca Transilvania 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 Banca Transilvania'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.
Banca Transilvania has a total score of 2/6, 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 Banca Transilvania'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 Banca Transilvania'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 Banca Transilvania Company Filings, last reported 3 months ago.

LSE:0DP9 Past Debt and Equity Data
Date (Data in RON Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,880.07 3,363.24 7,117.18
2018-09-30 7,832.15 3,519.49 13,965.41
2018-06-30 7,286.87 3,708.82 6,816.47
2018-03-31 7,384.25 2,173.41 27,364.38
2017-12-31 7,140.11 1,913.89 6,686.68
2017-09-30 6,860.80 1,892.03 8,613.15
2017-06-30 6,536.39 1,883.29 5,384.35
2017-03-31 6,440.29 2,205.98 7,490.60
2016-12-31 6,152.71 2,741.62 3,948.52
2016-09-30 5,798.18 1,406.88 7,894.33
2016-06-30 5,458.58 1,818.75 3,486.88
2016-03-31 6,498.98 1,261.48 6,672.07
2015-12-31 6,240.81 1,547.44 4,911.44
2015-09-30 5,931.83 985.46 7,822.19
2015-06-30 5,794.68 1,888.93 5,114.80
2015-03-31 3,797.26 1,448.85 3,232.48
2014-12-31 3,797.26 1,448.85 3,232.48
2013-12-31 3,182.79 2,486.53 2,437.75
2012-12-31 2,815.01 3,326.55 2,135.22
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.
  • Banca Transilvania has an acceptable proportion of non-loan assets held.
  • Banca Transilvania's liabilities are made up of primarily low risk sources of funding.
  • Loans at Banca Transilvania are broadly funded by customer deposits.
  • Banca Transilvania's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Banca Transilvania has a low allowance for bad loans.
  • Banca Transilvania has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Banca Transilvania'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. Banca Transilvania has a total score of 4/6, 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 Banca Transilvania'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
7.87%
Current annual income from Banca Transilvania dividends. Estimated to be 7.54% next year.
If you bought RON2,000 of Banca Transilvania shares you are expected to receive RON157 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?
  • Banca Transilvania's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Banca Transilvania's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Banca Transilvania before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
LSE:0DP9 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 5 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

LSE:0DP9 Future Dividends Estimate Data
Date (Data in RON) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.26 1.00
2022-12-31 0.16 2.00
2021-12-31 0.16 5.00
2020-12-31 0.15 6.00
2019-12-31 0.17 3.00
LSE:0DP9 Past Annualized Dividends Data
Date (Data in RON) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.170 7.941
2019-02-27 0.170 8.327
2018-03-23 0.127 5.789
2017-03-24 0.046 2.183
2016-03-25 0.249 14.096
2010-03-29 0.000 0.000
2009-05-04 0.012 2.979

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Banca Transilvania's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Banca Transilvania's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Banca Transilvania afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banca Transilvania has a total score of 5/6, 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 Banca Transilvania'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
Ömer Tetik
AGE 45
TENURE AS CEO 5.8 years
CEO Bio

Work Experience: • June 2013 - present Banca Transilvania S.A. - CEO • December 2010 – May 2013 Credit Europe Bank (Romania) S.A., former Finansbank (Romania) S.A - President • September 2009 -December 2010 Credit Europe Bank (Romania) S.A., former Finansbank (Romania) S.A., Banking - First Vice-President. • September 2007 – September 2009 Credit Europe Bank (Romania) S.A., former Finansbank (Romania) S.A., - Banking - Vice-President (Retail Banking, Marketing, Sales, Alternative Sales Channels, Card Operations, Retail Loans, Business and Data Analyses) • June 2005 – September 2007 Credit Europe Bank (Romania) S.A., former Finansbank (Romania) S.A., - Banking Vice-President (Treasury, Financial Institutions, Retail Banking) • December 2004 – June 2005 Credit Europe Bank (Romania) S.A., former Finansbank (Romania) S.A., - Banking - Vice-president (Treasury, Financial Institutions) • February 2000 – December 2004 Finansbank (Romania) S.A. - Banking - Deputy Vice-President (Treasury and Correspondent Banking) • August 1997-January 2000 Finansbank (Moscow) LTD – Banking - Manager, Head of Treasury and Capital Markets. • July 1996 – July 1997 Finansbank Istanbul AS - Banking Dealer, Foreign Exchange Department • June 1995 – September 1995 Ata Securities AS, Izmir – Dealer. -> Education and Training: • 1991-1996 Middle East Technical University, Ankara, The Faculty of Economic Sciences, Honor Student. • 1984-1991 Izmir Bornova Anatolian High School German and Mathematics.

CEO Compensation
  • Insufficient data for Ömer to compare compensation growth.
  • Insufficient data for Ömer to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Banca Transilvania management team in years:

5.7
Average Tenure
48
Average Age
  • The average tenure for the Banca Transilvania management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ömer Tetik

TITLE
Chief Executive Officer
AGE
45
TENURE
5.8 yrs

George Calinescu

TITLE
Deputy CEO & CFO
TENURE
5.6 yrs

Leontin Toderici

TITLE
Deputy CEO & COO
AGE
48
TENURE
13.4 yrs

Laura Petrehus

TITLE
Head of Public Relations

Ioana Olanescu

TITLE
Executive Manager of Corporate Governance & Legal Division

Zoranca Doca

TITLE
Executive Manager of Human Resources

Cristina Nistor

TITLE
Deputy Chief Executive Officer of Retail Banking
TENURE
5.7 yrs

Tiberiu Moisa

TITLE
Deputy Chief Executive Officer of SME Banking
TENURE
2.9 yrs

Luminita Runcan

TITLE
Deputy CEO & Chief Risk Officer
AGE
48
TENURE
6.2 yrs

Simona Nadasan

TITLE
Deputy Chief Executive Officer of FI & Financial Markets
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Banca Transilvania board of directors in years:

6
Average Tenure
58.5
Average Age
  • The tenure for the Banca Transilvania board of directors is about average.
Board of Directors

Horia Ciorcila

TITLE
Chairman of the Board
AGE
55
TENURE
17.3 yrs

Thomas Grasse

TITLE
Vice Chairman
AGE
63

Ivo Gueorguiev

TITLE
Independent Non-Executive Director
AGE
54
TENURE
5 yrs

Costel Ceocea

TITLE
Director
AGE
62
TENURE
9 yrs

Vasile Puscas

TITLE
Director
AGE
66
TENURE
7 yrs

Doru Lionachescu

TITLE
Independent Non-Executive Director
AGE
55
TENURE
3 yrs

Mirela Bordea

TITLE
Director
TENURE
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 (RON) Value (RON)
X
Management checks
We assess Banca Transilvania'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. Banca Transilvania 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

Banca Transilvania S.A. provides various banking products and services. The company’s Large Corporate Clients segment offers transaction banking, treasury, trade finance, and retail products; and leasing, asset management, merger and acquisition consultancy, and capital market advisory services to companies, legal and public entities, and financial institutions. The company’s Medium Corporate Customers segment provides lending, current, and treasury services; bonus, structured finance, and co-financing of EU funded projects; and bancassurance, and financial and operating leases. Its Small and Medium Enterprises Clients segment offers services to companies that have undergone the incipient growth stages and whose business activity requires further attention. The company’s Micro Business Clients segment offers loans for working capital or investments, letters of guarantee, EU project co-financing, credit cards, leasing, invoice discounting, or factoring services. It also provides general and FX services, incoming and outgoing payments, cheques, promissory notes, salary payment agreements, or bancassurance services. The company’s Retail Customers segment offers savings and deposit accounts; consumer, car purchase, personal need, and mortgage loans; and payment and securities trading services. Its Treasury segment provides various treasury services. The company’s Leasing and Consumer Loans Granted by Non-Banking Financial Institutions segment offers lease facilities, consumer loans, and microfinance services. Its Other segment provides asset management, brokerage, factoring, and real estate services. The company operates an office in Cluj-Napoca, 54 branches, 435 agencies, 20 bank units, and 7 healthcare division units in Romania; 2 private banking agencies in Romania and Italy; and 1 regional office in Bucharest. Banca Transilvania S.A. was founded in 1993 and is headquartered in Cluj-Napoca, Romania.

Details
Name: Banca Transilvania S.A.
0DP9
Exchange: LSE
Founded: 1993
RON10,351,569,249
4,792,393,171
Website: http://www.bancatransilvania.ro
Address: Banca Transilvania S.A.
8 George Baritiu Street,
Cluj County,
Cluj-Napoca,
400027,
Romania
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BVB TLV Common Shares Bucharest Stock Exchange RO RON 18. Dec 1998
LSE 0DP9 Common Shares London Stock Exchange GB RON 18. Dec 1998
Number of employees
Current staff
Staff numbers
9,014
Banca Transilvania employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:10
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/03/24
Last earnings reported: 2018/12/31
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.