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KBC Group

LSE:0EYG
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0EYG
LSE
€28B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The last earnings update was 24 days ago. More info.


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0EYG Share Price and Events
7 Day Returns
-0.5%
LSE:0EYG
1%
GB Banks
0.6%
GB Market
1 Year Returns
-9.1%
LSE:0EYG
-8.7%
GB Banks
1.1%
GB Market
0EYG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KBC Group (0EYG) -0.5% 9.3% 11.8% -9.1% 36% 54.8%
GB Banks 1% 7.9% 4.8% -8.7% 17% -11.2%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0EYG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0EYG
Industry
5yr Volatility vs Market

0EYG Value

 Is KBC Group 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 KBC Group 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 KBC Group.

LSE:0EYG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 15 analysts.
= Stable Book Value * Return on Equity
= €45.51 * 13.9%
€6.33
Book Value of Equity per Share Weighted future Book Value estimates from 12 analysts. €45.51
Discount Rate (Cost of Equity) See below 7.8%
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:0EYG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.8%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 29%) (85.71%))
0.969
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.969 * 6.8%)
7.82%

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

The calculations below outline how an intrinsic value for KBC Group 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:0EYG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.9% – 7.82%) * €45.51)
€2.77
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €2.77 / (7.82% - 1.23%)
€42.09
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €45.51 + €42.09
€87.61
LSE:0EYG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0EYG represents 1.00179x of ENXTBR:KBC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00179x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 87.61 x 1.00179
€87.77
Value per share (EUR) From above. €87.77
Current discount Discount to share price of €67.12
= -1 x (€67.12 - €87.77) / €87.77
23.5%

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

Current Discount
Amount off the current price KBC Group is available for.
Intrinsic value
24%
Share price is €67.12 vs Future cash flow value of €87.77
Current Discount Checks
For KBC Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • KBC Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • KBC Group's share price is below the future cash flow value, but not 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 KBC Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KBC Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0EYG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €5.98
ENXTBR:KBC Share Price ** ENXTBR (2019-04-18) in EUR €67
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 KBC Group.

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

= ENXTBR:KBC Share Price ÷ EPS (both in EUR)

= 67 ÷ 5.98

11.2x

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

  • KBC Group is overvalued based on earnings compared to the GB Banks industry average.
  • KBC Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does KBC Group's expected growth come at a high price?
Raw Data
LSE:0EYG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
1.2%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:0EYG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.2x ÷ 1.2%

9.36x

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

  • KBC Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on KBC Group's assets?
Raw Data
LSE:0EYG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €47.18
ENXTBR:KBC Share Price * ENXTBR (2019-04-18) in EUR €67
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:0EYG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:KBC Share Price ÷ Book Value per Share (both in EUR)

= 67 ÷ 47.18

1.42x

* Primary Listing of KBC Group.

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

  • KBC Group is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess KBC Group'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. KBC Group has a total score of 2/6, 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.

0EYG Future Performance

 How is KBC Group expected to perform in the next 1 to 3 years based on estimates from 16 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
1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KBC Group expected to grow at an attractive rate?
  • KBC Group's earnings growth is positive but not above the low risk savings rate of 1.2%.
Growth vs Market Checks
  • KBC Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • KBC Group'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:0EYG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0EYG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 1.2%
LSE:0EYG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 3.1%
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:0EYG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0EYG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 8,054 2,503 1
2021-12-31 8,235 2,586 11
2020-12-31 8,020 2,511 16
2019-12-31 7,726 2,443 15
LSE:0EYG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,456 -7,962 2,494
2018-09-30 7,593 -3,064 2,279
2018-06-30 7,606 -5,171 2,269
2018-03-31 7,765 7,573 2,442
2017-12-31 7,760 12,863 2,523
2017-09-30 7,704 8,414 2,809
2017-06-30 7,524 11,838 2,747
2017-03-31 7,290 7,942 2,613
2016-12-31 7,035 2,970 2,375
2016-09-30 6,636 -1,747 1,553
2016-06-30 6,622 -5,332 1,524
2016-03-31 6,667 290 1,469

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KBC Group's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
  • KBC Group's revenue is expected to grow by 3.1% 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:0EYG 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 16 Analyst Estimates (S&P Global) See Below

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

LSE:0EYG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 6.05 6.05 6.05 1.00
2021-12-31 6.21 6.66 5.60 9.00
2020-12-31 6.02 6.36 5.40 15.00
2019-12-31 5.84 6.79 5.30 15.00
LSE:0EYG Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 5.98
2018-09-30 5.46
2018-06-30 5.45
2018-03-31 5.86
2017-12-31 6.04
2017-09-30 6.72
2017-06-30 6.56
2017-03-31 6.25
2016-12-31 5.68
2016-09-30 3.71
2016-06-30 3.65
2016-03-31 3.51

*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.
  • KBC Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KBC Group'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.
KBC Group has a total score of 0/6, 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.

0EYG Past Performance

  How has KBC Group 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 KBC Group'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.
  • KBC Group has delivered over 20% year on year earnings growth in the past 5 years.
  • KBC Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • KBC Group's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
KBC Group'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 KBC Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0EYG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,456.00 2,494.00 3,773.00
2018-09-30 7,593.00 2,279.00 3,821.00
2018-06-30 7,606.00 2,269.00 3,754.00
2018-03-31 7,765.00 2,442.00 3,698.00
2017-12-31 7,760.00 2,523.00 3,635.00
2017-09-30 7,704.00 2,809.00 3,578.00
2017-06-30 7,524.00 2,747.00 3,558.00
2017-03-31 7,290.00 2,613.00 3,552.00
2016-12-31 7,035.00 2,375.00 3,510.00
2016-09-30 6,636.00 1,553.00 3,530.00
2016-06-30 6,622.00 1,524.00 3,498.00
2016-03-31 6,667.00 1,469.00 3,533.00
2015-12-31 6,787.00 1,587.00 3,473.00
2015-09-30 6,999.00 1,833.00 3,552.00
2015-06-30 6,867.00 1,841.00 3,587.00
2015-03-31 6,582.00 1,522.00 3,554.00
2014-12-31 6,304.00 1,385.00 3,478.00
2014-09-30 5,417.00 412.00 3,495.00
2014-06-30 5,378.00 76.00 3,516.00
2014-03-31 5,462.00 259.00 3,532.00
2013-12-31 5,701.00 432.00 3,516.00
2013-09-30 6,217.00 562.00 3,709.00
2013-06-30 6,369.00 821.00 3,794.00
2013-03-31 6,171.00 -226.00 3,905.00
2012-12-31 6,007.00 -408.00 4,001.00
2012-09-30 5,992.00 80.00 4,204.00
2012-06-30 4,567.00 -1,585.00 4,278.00

*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.
  • KBC Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KBC Group used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if KBC Group 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 KBC Group'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.
KBC Group 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.

0EYG Health

 How is KBC Group'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 KBC Group'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 KBC Group Company Filings, last reported 3 months ago.

LSE:0EYG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 19,633.00 23,895.00 47,269.00
2018-09-30 19,278.00 36,311.00 68,391.00
2018-06-30 19,016.00 38,382.00 64,565.00
2018-03-31 18,519.00 41,363.00 68,955.00
2017-12-31 18,803.00 29,606.00 58,080.00
2017-09-30 18,403.00 24,938.00 46,466.00
2017-06-30 18,065.00 25,917.00 42,041.00
2017-03-31 17,906.00 25,346.00 30,679.00
2016-12-31 17,357.00 26,261.00 42,681.00
2016-09-30 16,535.00 36,045.00 26,409.00
2016-06-30 16,234.00 40,226.00 25,492.00
2016-03-31 15,735.00 37,327.00 26,642.00
2015-12-31 15,811.00 27,493.00 27,084.00
2015-09-30 17,422.00 35,225.00 27,299.00
2015-06-30 16,976.00 47,024.00 26,920.00
2015-03-31 17,325.00 51,959.00 26,347.00
2014-12-31 16,521.00 29,939.00 26,483.00
2014-09-30 16,237.00 54,234.00 23,791.00
2014-06-30 15,715.00 53,144.00 24,281.00
2014-03-31 15,722.00 52,505.00 23,098.00
2013-12-31 14,513.00 34,944.00 32,540.00
2013-09-30 14,582.00 43,718.00 30,755.00
2013-06-30 15,977.00 43,709.00 23,200.00
2013-03-31 16,373.00 46,811.00 33,276.00
2012-12-31 15,879.00 41,162.00 38,984.00
2012-09-30 17,667.00 62,232.00 36,230.00
2012-06-30 16,716.00 71,125.00 30,904.00
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.
  • KBC Group has an acceptable proportion of non-loan assets held.
  • KBC Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at KBC Group are broadly funded by customer deposits.
  • KBC Group's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • KBC Group has a low allowance for bad loans.
  • KBC Group has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess KBC Group'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. KBC Group 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.

0EYG Dividends

 What is KBC Group'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
5.22%
Current annual income from KBC Group dividends. Estimated to be 5.94% next year.
If you bought €2,000 of KBC Group shares you are expected to receive €104 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?
  • KBC Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • KBC Group'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 KBC Group 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:0EYG 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 16 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:0EYG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.52 1.00
2021-12-31 4.13 14.00
2020-12-31 4.06 18.00
2019-12-31 3.81 18.00
LSE:0EYG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 3.500 5.352
2019-02-14 3.500 5.639
2018-05-03 3.000 4.735
2017-05-04 3.600 5.101
2016-11-17 2.000 3.313
2016-08-11 2.000 3.749
2016-07-15 0.000 0.000
2016-05-12 0.000 0.000
2016-03-31 0.000 0.000
2016-02-18 0.000 0.000
2015-03-19 2.000 3.503
2015-02-12 2.000 3.665
2014-11-13 0.000 0.000
2014-08-29 0.000 0.000
2014-08-07 0.000 0.000
2014-05-15 0.000 0.000
2014-03-31 0.000 0.000
2014-02-13 0.000 0.000
2013-05-03 1.000 2.797
2012-08-07 0.010 0.043
2012-04-03 0.010 0.068
2012-02-10 0.010 0.055
2011-03-24 0.750 4.472
2011-02-10 0.750 2.554
2009-11-13 0.000 0.000
2009-10-30 0.000 0.000
2009-08-06 0.000 0.000
2009-07-30 0.000 0.000
2009-05-14 0.000 0.000
2009-04-23 0.000 0.000

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

  • KBC Group 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 KBC Group only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of KBC Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess KBC Group'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 KBC Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KBC Group has a total score of 4/6, see the detailed checks below.


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

0EYG Management

 What is the CEO of KBC Group'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
Johan Thijs
COMPENSATION €2,298,415
AGE 53
TENURE AS CEO 6.9 years
CEO Bio

Mr. Johan Thijs has been Group Chief Executive Officer and Executive Director of KBC Group NV and KBC Bank NV since May 3, 2012 and September 1, 2009 respectively and serves as it's Managing Director. Mr. Thijs served as the Chief Executive Officer of Belgium Business Unit at KBC Group NV and KBC Bank NV from July 2009 to May 03, 2012. He served as Senior General Manager non-life insurance at KBC Insurance since 2001. Mr. Thijs joined KBC Group in 1988. He served various actuary functions in life and non-life insurance at ABB Insurance since 1989. He served as Head of non-life department, Limburg regional office at ABB Insurance since 1995. He served as Provincial manager Limburg and Eastern Belgium at KBC Insurance since 1998. Mr. Thijs served as the President of Board of Directors at KBC Group Re SA. Mr. Thijs serves as a Director of KBC Asset Management NV. He served as a Non-Executive Director of Fbd Holdings Plc from May 7, 2004 to February 2014. He obtained a Master of Science in Applied Mathematics and in an Actuarial Sciences at KU Leuven. He serves as Chief Executive Officer and Executive Director of KBC Insurance NV.

CEO Compensation
  • Johan's compensation has been consistent with company performance over the past year.
  • Johan's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the KBC Group management team in years:

4.9
Average Tenure
56
Average Age
  • The tenure for the KBC Group management team is about average.
Management Team

Johan Thijs

TITLE
Group CEO
COMPENSATION
€2M
AGE
53
TENURE
6.9 yrs

Rik Scheerlinck

TITLE
CFO & Executive Director
COMPENSATION
€1M
AGE
62
TENURE
1.9 yrs

Christine Van Rijsseghem

TITLE
Chief Risk Officer & Executive Director
COMPENSATION
€1M
AGE
56
TENURE
4.9 yrs

Erik Marcel Luts

TITLE
Chief Innovation Officer
COMPENSATION
€1M
AGE
58
TENURE
1.9 yrs

John Hollows

TITLE
Chief Executive Officer of Czech Republic Business Unit
COMPENSATION
€1M
AGE
62
TENURE
4.9 yrs

Luc Popelier

TITLE
Chief Executive Officer of International Markets Business Unit
COMPENSATION
€1M
AGE
54
TENURE
1.9 yrs

Daniel Falque

TITLE
Chief Executive Officer of Belgium Business Unit
COMPENSATION
€1M
AGE
55
TENURE
6.9 yrs

Kurt De Baenst

TITLE
General Manager

Viviane Huybrecht

TITLE
General Manager of Corporate Communication

Johan Thiers

TITLE
Chief Financial Officer of Kbc Belgium B.U.
Board of Directors Tenure

Average tenure and age of the KBC Group board of directors in years:

11.1
Average Tenure
58.5
Average Age
  • The average tenure for the KBC Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Thomas Leysen

TITLE
Chairman of the Board
COMPENSATION
€500K
AGE
58
TENURE
7.5 yrs

Johan Thijs

TITLE
Group CEO
COMPENSATION
€2M
AGE
53
TENURE
9.6 yrs

Philippe Vlerick

TITLE
Deputy Chairman of the Board
COMPENSATION
€110K
AGE
63
TENURE
18.3 yrs

Rik Scheerlinck

TITLE
CFO & Executive Director
COMPENSATION
€1M
AGE
62
TENURE
1.9 yrs

Christine Van Rijsseghem

TITLE
Chief Risk Officer & Executive Director
COMPENSATION
€1M
AGE
56
TENURE
4.9 yrs

Marc Wittemans

TITLE
Non-Executive Director
COMPENSATION
€150K
AGE
61
TENURE
21.3 yrs

Franky Depickere

TITLE
Non-Executive Director
COMPENSATION
€251K
AGE
59
TENURE
12.6 yrs

Theo Roussis

TITLE
Non-Executive Director
COMPENSATION
€80K
AGE
64
TENURE
22.3 yrs

Frank Donck

TITLE
Non-Executive Director
COMPENSATION
€110K
AGE
53
TENURE
16 yrs

Alain Bostoen

TITLE
Non-Executive Director
COMPENSATION
€80K
AGE
48
TENURE
9 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 KBC Group'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. KBC Group 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.

0EYG News

Simply Wall St News

0EYG Company Info

Description

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. It accepts deposits; offers home and mortgage loans; consumer finance and SME funding services; credit, asset management, and life and non-life insurance; payments, and money and debt market services; investment fund solutions; brokerage and corporate finance, foreign trade finance, cash management, leasing, etc.; and other specialized financial products and services. The company also provides telephone, Internet, and mobile banking services. As of December 31, 2018, it operated 585 bank branches and 374 insurance agencies in Belgium; 777 bank branches in Czech Republic, the Slovak Republic, Hungary, and Bulgaria; and 27 bank branches internationally. KBC Group NV serves customers through agents, brokers, multi-agents, and various electronic channels. The company was formerly known as KBC Bank and Insurance Holding Company NV and changed its name to KBC Group NV in March 2005. KBC Group NV was incorporated in 1935 and is headquartered in Brussels, Belgium.

Details
Name: KBC Group NV
0EYG
Exchange: LSE
Founded: 1935
€27,879,061,264
416,105,392
Website: http://www.kbc.com
Address: KBC Group NV
Havenlaan 2,
Brussels,
Brussels, 1080,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR KBC Ordinary Shares Euronext Brussels BE EUR 02. Jan 1992
OTCPK KBCS.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB KDB Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0EYG Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG KBC Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE KBCB Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK KBCS.Y UNSPONSORED ADR Pink Sheets LLC US USD 31. Oct 2008
Number of employees
Current staff
Staff numbers
38,084
KBC Group employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:19
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/29
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.