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Komercní banka

LSE:0IKH
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0IKH
LSE
CZK171B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Komercní banka, a.s., together with its subsidiaries, provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe. The last earnings update was 48 days ago. More info.


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0IKH Share Price and Events
7 Day Returns
-4.7%
LSE:0IKH
3.1%
GB Banks
1%
GB Market
1 Year Returns
-
LSE:0IKH
-6.9%
GB Banks
1.6%
GB Market
0IKH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Komercní banka (0IKH) -4.7% -4.7% 0.8% - -11% -4.9%
GB Banks 3.1% 3.6% 7.4% -6.9% 17.4% -11.6%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • No trading data on 0IKH.
  • No trading data on 0IKH.
Price Volatility
0IKH
Industry
5yr Volatility vs Market
Related Companies

0IKH Value

 Is Komercní banka 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 Komercní banka 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 Komercní banka.

LSE:0IKH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= CZK607.65 * 13.2%
CZK80.33
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. CZK607.65
Discount Rate (Cost of Equity) See below 6.9%
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:0IKH
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))
= 0.591 (1 + (1- 19%) (71.77%))
0.956
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.956 * 5.96%)
6.93%

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

The calculations below outline how an intrinsic value for Komercní banka 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:0IKH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.2% – 6.93%) * CZK607.65)
CZK38.24
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CZK38.24 / (6.93% - 1.23%)
CZK670.99
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CZK607.65 + CZK670.99
CZK1278.64
LSE:0IKH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0IKH represents 0.99448x of SEP:KOMB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99448x
Value per Share
(Listing Adjusted, CZK)
= Value per Share (CZK) x Listing Adjustment Factor
= CZK 1,278.64 x 0.99448
CZK1,271.58
Value per share (CZK) From above. CZK1,271.58
Current discount Discount to share price of CZK900.50
= -1 x (CZK900.50 - CZK1,271.58) / CZK1,271.58
29.2%

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

Current Discount
Amount off the current price Komercní banka is available for.
Intrinsic value
29%
Share price is CZK900.5 vs Future cash flow value of CZK1271.58
Current Discount Checks
For Komercní banka to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Komercní banka's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Komercní banka'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 Komercní banka's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Komercní banka's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0IKH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CZK CZK78.61
SEP:KOMB Share Price ** SEP (2019-04-18) in CZK CZK905.5
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

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

** Primary Listing of Komercní banka.

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

= SEP:KOMB Share Price ÷ EPS (both in CZK)

= 905.5 ÷ 78.61

11.52x

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

  • Komercní banka is overvalued based on earnings compared to the GB Banks industry average.
  • Komercní banka is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Komercní banka's expected growth come at a high price?
Raw Data
LSE:0IKH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
0.3%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.52x ÷ 0.3%

35.4x

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

  • Komercní banka is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Komercní banka's assets?
Raw Data
LSE:0IKH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CZK CZK529.14
SEP:KOMB Share Price * SEP (2019-04-18) in CZK CZK905.5
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 1,365 Publicly-Listed Companies 1.52x
LSE:0IKH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEP:KOMB Share Price ÷ Book Value per Share (both in CZK)

= 905.5 ÷ 529.14

1.71x

* Primary Listing of Komercní banka.

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

  • Komercní banka is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Komercní banka'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. Komercní banka 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.

0IKH Future Performance

 How is Komercní banka expected to perform in the next 1 to 3 years based on estimates from 12 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
0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Komercní banka expected to grow at an attractive rate?
  • Komercní banka's earnings growth is positive but not above the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Komercní banka's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Komercní banka'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:0IKH Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0IKH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 0.3%
LSE:0IKH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 3.1%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
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:0IKH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in CZK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0IKH Future Estimates Data
Date (Data in CZK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 14,821
2022-12-31 37,225 15,073 2
2021-12-31 36,082 14,914 8
2020-12-31 34,934 14,701 12
2019-12-31 33,430 14,519 8
LSE:0IKH Past Financials Data
Date (Data in CZK Millions) Revenue Cash Flow Net Income *
2018-12-31 32,928 -37,617 14,846
2018-09-30 32,485 14,663
2018-06-30 31,596 -240,553 13,986
2018-03-31 31,272 13,848
2018-01-01 31,440 -132,772 14,930
2017-09-30 31,247 14,272
2017-06-30 30,891 4,544 14,690
2017-03-31 31,067 14,875
2016-12-31 30,634 -41,953 13,688
2016-09-30 29,113 13,515
2016-06-30 29,857 -16,286 12,813
2016-03-31 28,672 12,196

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Komercní banka's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • Komercní banka'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:0IKH 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 12 Analyst Estimates (S&P Global) See Below

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

LSE:0IKH Future Estimates Data
Date (Data in CZK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 80.68 83.36 78.00 2.00
2022-12-31 80.85 87.00 75.75 5.00
2021-12-31 79.16 85.91 69.68 10.00
2020-12-31 77.17 82.05 72.00 11.00
2019-12-31 76.31 77.75 75.75 8.00
LSE:0IKH Past Financials Data
Date (Data in CZK Millions) EPS *
2018-12-31 78.61
2018-09-30 77.64
2018-06-30 74.06
2018-03-31
2018-01-01 79.05
2017-09-30
2017-06-30 77.79
2017-03-31 78.76
2016-12-31 72.48
2016-09-30 71.56
2016-06-30 67.84
2016-03-31 64.58

*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.
  • Komercní banka is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Komercní banka'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.
Komercní banka 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.

0IKH Past Performance

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

LSE:0IKH Past Revenue, Cash Flow and Net Income Data
Date (Data in CZK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 32,928.00 14,846.00 14,557.00
2018-09-30 32,485.00 14,663.00 14,494.00
2018-06-30 31,596.00 13,986.00 13,727.00
2018-03-31 31,272.00 13,848.00 14,095.00
2018-01-01 31,440.00 14,930.00 14,276.00
2017-09-30 31,247.00 14,272.00 13,307.00
2017-06-30 30,891.00 14,690.00 14,408.00
2017-03-31 31,067.00 14,875.00 13,244.00
2016-12-31 30,634.00 13,688.00 13,990.00
2016-09-30 29,113.00 13,515.00 12,901.00
2016-06-30 29,857.00 12,813.00 13,915.00
2016-03-31 28,672.00 12,196.00 13,535.00
2015-12-31 29,738.00 12,758.00 13,925.00
2015-09-30 29,619.00 13,215.00 13,547.00
2015-06-30 30,377.00 13,208.00 14,205.00
2015-03-31 29,759.00 13,360.00 13,428.00
2014-12-31 29,406.00 12,954.00 13,572.00
2014-09-30 29,019.00 12,624.00 13,536.00
2014-06-30 28,996.00 12,604.00 13,547.00
2014-03-31 29,064.00 12,463.00 13,638.00
2013-12-31 29,161.00 12,528.00 13,642.00
2013-09-30 29,401.00 12,592.00 13,763.00
2013-06-30 29,410.00 12,660.00 16,031.00
2013-03-31 30,191.00 13,610.00 13,689.00
2012-12-31 30,818.00 13,954.00 13,959.00
2012-09-30 30,041.00 13,353.00 11,688.00
2012-06-30 27,967.00 11,601.00 11,763.00

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

0IKH Health

 How is Komercní banka'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 Komercní banka'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 Komercní banka Company Filings, last reported 3 months ago.

LSE:0IKH Past Debt and Equity Data
Date (Data in CZK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 103,329.00 122,726.00 258,210.00
2018-09-30 99,502.00 216,949.00 96,551.00
2018-06-30 95,103.00 161,167.00 54,604.00
2018-03-31 101,041.00 168,971.00 92,464.00
2018-01-01 98,162.00 109,097.00 228,429.00
2017-09-30 99,085.00 131,788.00 112,312.00
2017-06-30 99,456.00 129,328.00 268,147.00
2017-03-31 106,837.00 118,859.00 202,454.00
2016-12-31 105,401.00 97,742.00 100,644.00
2016-09-30 106,298.00 106,235.00 180,075.00
2016-06-30 102,647.00 112,580.00 193,809.00
2016-03-31 111,240.00 83,287.00 151,603.00
2015-12-31 106,229.00 114,457.00 119,655.00
2015-09-30 103,994.00 76,393.00 141,487.00
2015-06-30 98,242.00 109,608.00 183,924.00
2015-03-31 112,976.00 99,561.00 189,868.00
2014-12-31 109,494.00 131,594.00 133,064.00
2014-09-30 104,150.00 91,988.00 105,299.00
2014-06-30 100,338.00 97,765.00 119,161.00
2014-03-31 101,996.00 59,510.00 55,187.00
2013-12-31 96,538.00 122,190.00 197,075.00
2013-09-30 93,829.00 71,548.00 88,389.00
2013-06-30 89,913.00 78,265.00 104,375.00
2013-03-31 102,611.00 76,412.00 101,076.00
2012-12-31 100,538.00 85,816.00 152,425.00
2012-09-30 95,155.00 76,067.00 60,243.00
2012-06-30 86,848.00 87,238.00 78,421.00
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.
  • Komercní banka has an acceptable proportion of non-loan assets held.
  • Komercní banka's liabilities are made up of primarily low risk sources of funding.
  • Loans at Komercní banka are broadly funded by customer deposits.
  • Komercní banka's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Komercní banka has a low allowance for bad loans.
  • Komercní banka has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Komercní banka'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. Komercní banka 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.

0IKH Dividends

 What is Komercní banka'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
5.63%
Current annual income from Komercní banka dividends. Estimated to be 5.92% next year.
If you bought CZK2,000 of Komercní banka shares you are expected to receive CZK113 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?
  • Komercní banka's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Komercní banka's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
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:0IKH 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 12 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 5.1%

Industry and Market average data is calculated daily.

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

LSE:0IKH Future Dividends Estimate Data
Date (Data in CZK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 58.95 3.00
2022-12-31 58.20 5.00
2021-12-31 54.61 11.00
2020-12-31 52.09 13.00
2019-12-31 50.10 9.00
LSE:0IKH Past Annualized Dividends Data
Date (Data in CZK) Dividend per share (annual) Avg. Yield (%)
2019-03-21 51.000 5.433
2019-02-07 51.000 5.383
2018-03-29 47.000 5.170
2018-02-08 47.000 5.064
2017-03-23 40.000 4.238
2017-02-09 40.000 4.231
2016-04-22 62.000 6.949
2015-03-13 62.000 5.971
2015-02-12 62.000 5.740
2014-03-28 46.000 4.836
2013-04-24 46.000 5.515
2012-08-01 32.000 4.107
2012-03-21 32.000 4.668
2012-02-16 32.000 4.344
2011-04-27 54.000 7.619
2010-08-27 34.000 4.065
2010-03-01 34.000 4.518
2010-01-04 34.000 4.502
2009-07-30 36.000 5.053
2009-04-30 36.000 6.581
2009-04-20 36.000 7.319

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 Komercní banka'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 (1.5x coverage).
X
Income/ dividend checks
We assess Komercní banka'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 Komercní banka afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Komercní banka 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.

0IKH Management

 What is the CEO of Komercní banka'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
Jan Juchelka
COMPENSATION CZK5,050,166
AGE 47
TENURE AS CEO 1.7 years
CEO Bio

Mr. Jan Juchelka has been Group Country Head for Czech Republic and Slovakia Societe Generale Grou since September 01, 2017. Mr. Juchelka has been the Chairman, Chief Executive Officer and Director of Komercní banka, a.s. since August 3, 2017. Mr. Juchelka served as Board of Director of Komercní banka, a.s. from July 1, 2006, re-elected on 2 July 2010 and membership terminated as of July 31, 2012. Mr. Juchelka served as an Executive Director of Top Corporations at Komercni Banka AS since August 1, 2006. Mr. Juchelka served as Branch Manager of MATTES AD, S.R.O. from 1992 to 1993. He served as an assistant to the chief executive officer of Korona, A.S from 1993 to 1995. He served as clerk of securities department and section and department manager of the National Property Fund of the Czech Republic, since 1995. He serves as Chairman of the Supervisory Board of PPP Centrum A.S. He has been Chairman of Supervisory Board at Modrá pyramida stavební sporitelna, a.s. since 2017. He served as Chairman of the Supervisory Board at Komercní Banka Bratislava A.S. since February 28, 2008 and also its Member of the Supervisory Board since February 25, 2008. He served as Chairman of National Property Fund of the Czech Republic from November 2002 to December 2005. Mr. Juchelka served as an Executive Director at Komercni Banka AS from July 1, 2006 to July 31, 2012. He serves as a member of the Supervisory Boards of Eurotel and PPP Centrum. He served as a Member of the Supervisory Board at CEZ, a. s. from June 11, 2002 to June 23, 2006. He served as a Director and Member of the Supervisory Board of Telefonica O2 Czech Republic, A.S (also known as Cesky Telecom AS). He served as a Member of the Supervisory Board at Komercni Banka AS from October 8, 2001 to July 1, 2006. Mr. Juchelka is a Graduate of the Business Faculty of the Silesian University in Karviná with major in Business Economics in Trade and Services.

CEO Compensation
  • Insufficient data for Jan to compare compensation growth.
  • Jan'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 Komercní banka management team in years:

1.1
Average Tenure
50
Average Age
  • The average tenure for the Komercní banka management team is less than 2 years, this suggests a new team.
Management Team

Jan Juchelka

TITLE
Chairman of the Board & CEO
COMPENSATION
CZK5M
AGE
47
TENURE
1.7 yrs

Vladimír Jerábek

TITLE
Senior Executive Director
COMPENSATION
CZK7M
AGE
50
TENURE
0.3 yrs

Jirí Šperl

TITLE
Executive Director of Strategy & Finance
TENURE
4.3 yrs

Didier Luc Dominique Colin

TITLE
Senior Executive Director
COMPENSATION
CZK2M
AGE
55
TENURE
1.5 yrs

David Formánek

TITLE
Senior Executive Director of Corporate and Investment Banking & Member of Management Board
AGE
50
TENURE
0.7 yrs

Miroslav Hiršl

TITLE
Senior Executive Director of Retail Banking & Member of Management Board
AGE
46
TENURE
0.7 yrs

Margus Simson

TITLE
Chief Digital Officer
TENURE
0.3 yrs

Ida Balusková

TITLE
Manager of Accounting & Reporting

Jakub Cerný

TITLE
Head of Investor Relations

Tomáš Choutka

TITLE
Manager of Compliance
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the Komercní banka board of directors in years:

3.9
Average Tenure
56
Average Age
  • The tenure for the Komercní banka board of directors is about average.
Board of Directors

Jan Juchelka

TITLE
Chairman of the Board & CEO
COMPENSATION
CZK5M
AGE
47
TENURE
1.7 yrs

Jean-Luc Joseph Parer

TITLE
Chairman of the Supervisory Board
COMPENSATION
CZK105K
AGE
64
TENURE
5.9 yrs

Gian Soma

TITLE
Vice-Chairman of Supervisory Board
AGE
58
TENURE
5.9 yrs

Vladimír Jerábek

TITLE
Senior Executive Director
COMPENSATION
CZK7M
AGE
50
TENURE
10.8 yrs

Didier Luc Dominique Colin

TITLE
Senior Executive Director
COMPENSATION
CZK2M
AGE
55
TENURE
1.5 yrs

Petr Laube

TITLE
Independent member of the Supervisory Board
COMPENSATION
CZK330K
AGE
69
TENURE
17.5 yrs

Laurent Goutard

TITLE
Member of the Supervisory Board
COMPENSATION
CZK2M
AGE
57
TENURE
5.9 yrs

Petr Dvorák

TITLE
Independent member of the Supervisory Board
AGE
58
TENURE
1.8 yrs

Cécile Camilli

TITLE
Member of Supervisory Board
AGE
43
TENURE
0.3 yrs

Sylva Kynychová

TITLE
Member of Supervisory Board
AGE
46
TENURE
0.3 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 (CZK) Value (CZK)
X
Management checks
We assess Komercní banka'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. Komercní banka 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.

0IKH News

Simply Wall St News

0IKH Company Info

Description

Komercní banka, a.s., together with its subsidiaries, provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe. The company’s Retail Banking segment provides current and savings accounts, term deposits, building savings, pension insurance, overdrafts, credit card loans, personal loans, and mortgages. Its Corporate Banking segment offers current accounts, term deposits, revolving loans, business loans, mortgages, leases, foreign currency and derivative products, syndicated and export financing, and guarantee transactions. The company’s Investment Banking segment is involved in financial instruments trading activities. The company also offers specialized financial services, such as pension savings and building society schemes, factoring, insurance, and consumer lending services; private banking services; and structured financing and advisory solutions in various sectors, including export finance, real estate finance, energy finance, leveraged finance, debt syndication, and debt capital markets. In addition, it is involved in the cash and non-cash payment operations; and provision of payment cards, and trade finance and cash management services, as well as Internet, telephone, and mobile banking services. Further, the company offers bond issuance and M&A advisory services; and international cash-pooling structures. The company serves individuals, small businesses, corporates, and municipalities. It provides its services through a network of approximately 365 branches, including 1 branch in Slovakia; and 776 ATMs. The company was founded in 1990 and is headquartered in Prague, the Czech Republic. Komercní banka, a.s. is a subsidiary of Société Générale S.A.

Details
Name: Komercní banka, a.s.
0IKH
Exchange: LSE
Founded: 1990
CZK171,009,017,450
188,855,900
Website: http://www.kb.cz
Address: Komercní banka, a.s.
Na Príkope 33,
Prague 1,
Prague,
114 07,
Czech Republic
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEP KOMB Bearer Shares The Stock Exchange Prague Co. Ltd. CZ CZK 02. Nov 1993
OTCPK KMER.F Bearer Shares Pink Sheets LLC US USD 02. Nov 1993
DB KONN Bearer Shares Deutsche Boerse AG DE EUR 02. Nov 1993
LSE 0IKH Bearer Shares London Stock Exchange GB CZK 02. Nov 1993
Number of employees
Current staff
Staff numbers
8,454
Komercní banka employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:19
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/01
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.