Announcement • May 22
Komercní banka, a.s. to Report Fiscal Year 2026 Results on Feb 04, 2027 Komercní banka, a.s. announced that they will report fiscal year 2026 results on Feb 04, 2027 Announcement • Apr 30
Komercní banka, a.s. to Report Q3, 2026 Results on Oct 29, 2026 Komercní banka, a.s. announced that they will report Q3, 2026 results on Oct 29, 2026 Announcement • Apr 24
Komercní banka, a.s. announces Annual dividend, payable on May 25, 2026 Komercní banka, a.s. announced Annual dividend of CZK 95.6000 per share payable on May 25, 2026, ex-date on May 04, 2026 and record date on May 05, 2026. Announcement • Apr 15
Komercní banka, a.s. to Report First Half, 2026 Results on Jul 30, 2026 Komercní banka, a.s. announced that they will report first half, 2026 results on Jul 30, 2026 Announcement • Mar 25
Komercní banka, a.s., Annual General Meeting, Apr 23, 2026 Komercní banka, a.s., Annual General Meeting, Apr 23, 2026, at 13:00 Central European Standard Time. Location: on the ground floor of the meeting room, namesti junkovych 2772/1, stodulky, prague 5, postal code 155 00., Czech Republic Buy Or Sell Opportunity • Sep 22
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 47% to Kč534. The fair value is estimated to be Kč716, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 0.2% per annum over the same time period. Reported Earnings • Sep 03
Second quarter 2025 earnings released: EPS: Kč24.48 (vs Kč18.74 in 2Q 2024) Second quarter 2025 results: EPS: Kč24.48 (up from Kč18.74 in 2Q 2024). Revenue: Kč9.57b (up 11% from 2Q 2024). Net income: Kč4.62b (up 31% from 2Q 2024). Profit margin: 48% (up from 41% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 26
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 49% to Kč534. The fair value is estimated to be Kč802, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are forecast to decline by 0.4% per annum over the same time period. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Aug 11
Now 35% undervalued The stock has been flat over the last 90 days, currently trading at Kč534. The fair value is estimated to be Kč822, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 0.8% per annum over the same time period. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: Kč24.48 (vs Kč18.74 in 2Q 2024) Second quarter 2025 results: EPS: Kč24.48 (up from Kč18.74 in 2Q 2024). Revenue: Kč9.57b (up 11% from 2Q 2024). Net income: Kč4.62b (up 31% from 2Q 2024). Profit margin: 48% (up from 41% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 31
Komercní banka, a.s. to Report Q3, 2025 Results on Oct 30, 2025 Komercní banka, a.s. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 21
Komercní banka, a.s. to Report Q2, 2025 Results on Jul 31, 2025 Komercní banka, a.s. announced that they will report Q2, 2025 results at 6:45 AM, Central European Standard Time on Jul 31, 2025 Buy Or Sell Opportunity • Jul 09
Now 47% undervalued after recent price drop Over the last 90 days, the stock has fallen 47% to Kč534. The fair value is estimated to be Kč1,015, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Buy Or Sell Opportunity • Jun 24
Now 49% undervalued after recent price drop Over the last 90 days, the stock has fallen 51% to Kč534. The fair value is estimated to be Kč1,043, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Announcement • Apr 26
Komercní banka, a.s. announces Annual dividend, payable on May 26, 2025 Komercní banka, a.s. announced Annual dividend of CZK 91.3000 per share payable on May 26, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. Announcement • Apr 24
Komercní banka, a.s. to Report Q1, 2025 Results on Apr 30, 2025 Komercní banka, a.s. announced that they will report Q1, 2025 results at 6:45 AM, Central European Standard Time on Apr 30, 2025 Announcement • Mar 25
Komercní banka, a.s., Annual General Meeting, Apr 24, 2025 Komercní banka, a.s., Annual General Meeting, Apr 24, 2025, at 13:00 Central European Standard Time. Buy Or Sell Opportunity • Mar 21
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to Kč534. The fair value is estimated to be Kč717, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 3.7% per annum over the same time period. Buy Or Sell Opportunity • Mar 04
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to Kč534. The fair value is estimated to be Kč743, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 3.7% per annum over the same time period. New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (99% payout ratio). Buy Or Sell Opportunity • Feb 07
Now 25% undervalued The stock has been flat over the last 90 days, currently trading at Kč534. The fair value is estimated to be Kč714, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are forecast to decline by 2.9% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorates as stock falls 37% After last week's 37% share price decline to Kč534, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč774 per share. Buy Or Sell Opportunity • Dec 27
Now 36% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to Kč534. The fair value is estimated to be Kč830, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are forecast to decline by 0.8% per annum over the same time period. New Risk • Dec 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (99% payout ratio). Buy Or Sell Opportunity • Dec 10
Now 37% undervalued The stock has been flat over the last 90 days, currently trading at Kč534. The fair value is estimated to be Kč851, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 1.1% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to Kč534, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč902 per share. Buy Or Sell Opportunity • Nov 25
Now 41% undervalued The stock has been flat over the last 90 days, currently trading at Kč534. The fair value is estimated to be Kč902, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 1.4% per annum over the same time period. Reported Earnings • Nov 01
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: Kč8.81b (down 2.5% from 3Q 2023). Net income: Kč6.20b (up 45% from 3Q 2023). Profit margin: 70% (up from 47% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in the United Kingdom. Reported Earnings • Aug 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: Kč8.63b (down 10% from 2Q 2023). Net income: Kč3.54b (down 22% from 2Q 2023). Profit margin: 41% (down from 47% in 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Aug 02
Komercní banka, a.s. to Report Q4, 2024 Results on Feb 06, 2025 Komercní banka, a.s. announced that they will report Q4, 2024 results on Feb 06, 2025 Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to Kč534, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total loss to shareholders of 3.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč806 per share. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to Kč534, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total loss to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč831 per share. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 38% After last week's 38% share price decline to Kč534, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč810 per share. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: Kč14.85 (vs Kč18.86 in 1Q 2023) First quarter 2024 results: EPS: Kč14.85 (down from Kč18.86 in 1Q 2023). Revenue: Kč8.34b (down 11% from 1Q 2023). Net income: Kč2.80b (down 21% from 1Q 2023). Profit margin: 34% (down from 38% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 30
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to Kč534. The fair value is estimated to be Kč754, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period. Declared Dividend • Apr 26
Dividend increased to Kč82.66 Dividend of Kč82.66 is 37% higher than last year. Ex-date: 3rd May 2024 Payment date: 27th May 2024 Dividend yield will be 9.6%, which is higher than the industry average of 6.5%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio). However, the dividend is expected to be covered in 3 years' time (68% forecast payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 5.6% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Mar 25
Full year 2023 earnings released: EPS: Kč82.67 (vs Kč93.31 in FY 2022) Full year 2023 results: EPS: Kč82.67 (down from Kč93.31 in FY 2022). Revenue: Kč36.2b (down 3.8% from FY 2022). Net income: Kč15.6b (down 11% from FY 2022). Profit margin: 43% (down from 47% in FY 2022). The decrease in margin was primarily driven by lower revenue. Net interest margin (NIM): 1.94% (down from 2.42% in FY 2022). Cost-to-income ratio: 47.9% (up from 41.5% in FY 2022). Non-performing loans: 1.22% (down from 1.79% in FY 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to Kč534, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total loss to shareholders of 23% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Kč799 per share. Buy Or Sell Opportunity • Mar 08
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to Kč534. The fair value is estimated to be Kč799, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 1.5% per annum over the same time period. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: Kč82.67 (vs Kč92.96 in FY 2022) Full year 2023 results: EPS: Kč82.67 (down from Kč92.96 in FY 2022). Revenue: Kč36.2b (down 3.8% from FY 2022). Net income: Kč15.6b (down 11% from FY 2022). Profit margin: 43% (down from 47% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to remain flat. Announcement • Feb 10
Komercní banka, a.s., Annual General Meeting, Apr 24, 2024 Komercní banka, a.s., Annual General Meeting, Apr 24, 2024. Announcement • Jan 30
Komercní Banka, A.S. Announces Management Changes Komercní banka, a. s. announced that Mr.Giovanni Luca Somawill terminate his service as Chair and member of the Supervisory on 30 January 2024. The candidate proposed to replace him is Ms. Delphine Garcin Meunier, who is currently Head of the EURO Business Unit in Société Générale. After receiving a consenting opinion from the CNB, the candidate should be elected as a member and Chair of the Supervisory Board. Announcement • Jan 27
Komercní banka, a.s. to Report Nine Months, 2024 Results on Oct 31, 2024 Komercní banka, a.s. announced that they will report nine months, 2024 results on Oct 31, 2024 Buying Opportunity • Dec 07
Now 35% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be Kč824, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is forecast to decline by 1.7% per annum over the same time period. Announcement • Nov 07
Komercní banka, a.s. to Report First Half, 2024 Results on Aug 01, 2024 Komercní banka, a.s. announced that they will report first half, 2024 results on Aug 01, 2024 Reported Earnings • Nov 04
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: Kč9.04b (down 1.4% from 3Q 2022). Net income: Kč4.27b (down 8.5% from 3Q 2022). Profit margin: 47% (down from 51% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Nov 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Buying Opportunity • Nov 03
Now 38% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be Kč861, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is forecast to decline by 1.9% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to Kč534, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč892 per share. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Kč534, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč921 per share. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to Kč534, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč928 per share. Reported Earnings • Sep 07
Second quarter 2023 earnings released: EPS: Kč23.96 (vs Kč25.48 in 2Q 2022) Second quarter 2023 results: EPS: Kč23.96 (down from Kč25.48 in 2Q 2022). Revenue: Kč9.61b (up 2.1% from 2Q 2022). Net income: Kč4.53b (down 6.0% from 2Q 2022). Profit margin: 47% (down from 51% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 23
Now 40% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be Kč889, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings is forecast to decline by 4.8% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to Kč534, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč894 per share. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: Kč23.96 (vs Kč25.45 in 2Q 2022) Second quarter 2023 results: EPS: Kč23.96 (down from Kč25.45 in 2Q 2022). Revenue: Kč9.61b (flat on 2Q 2022). Net income: Kč4.53b (down 5.8% from 2Q 2022). Profit margin: 47% (down from 50% in 2Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Kč534, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč771 per share. Buying Opportunity • Jul 17
Now 31% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be Kč771, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings is forecast to decline by 2.3% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to Kč534, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč817 per share. Buying Opportunity • May 26
Now 34% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be Kč812, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 1.1% per annum over the same time period. Reported Earnings • May 13
First quarter 2023 earnings released First quarter 2023 results: Revenue: Kč9.39b (up 2.1% from 1Q 2022). Net income: Kč3.56b (up 1.4% from 1Q 2022). Profit margin: 38% (in line with 1Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 20
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be Kč727, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is forecast to decline by 1.5% per annum over the same time period. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: Kč92.96 (vs Kč67.39 in FY 2021) Full year 2022 results: EPS: Kč92.96 (up from Kč67.39 in FY 2021). Revenue: Kč37.6b (up 23% from FY 2021). Net income: Kč17.6b (up 38% from FY 2021). Profit margin: 47% (up from 42% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.42% (up from 1.93% in FY 2021). Cost-to-income ratio: 41.5% (down from 48.2% in FY 2021). Non-performing loans: 1.79% (down from 1.83% in FY 2021). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Buying Opportunity • Mar 16
Now 33% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be Kč800, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings is forecast to decline by 1.5% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to Kč534, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč808 per share. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to Kč534, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Banks industry in the United Kingdom. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč720 per share. Buying Opportunity • Feb 14
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be Kč717, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings is forecast to decline by 1.6% per annum over the same time period. Announcement • Feb 09
Komercní Banka, a.s. Proposes Dividend Komercní banka, a.s. is proposing to Supervisory Board and to the shareholders' meeting to pay CZK 60.42 per share in the form of dividends. Buying Opportunity • Jan 30
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be Kč740, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is forecast to decline by 1.0% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improved over the past week After last week's 32% share price gain to Kč704, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in the United Kingdom. Total returns to shareholders of 2.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč1,016 per share. Buying Opportunity • Jan 06
Now 33% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be Kč797, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is forecast to decline by 1.0% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 22% share price gain to Kč652, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in the United Kingdom. Total loss to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč1,130 per share. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorated over the past week After last week's 26% share price decline to Kč534, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in the United Kingdom. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč906 per share. Buying Opportunity • Nov 18
Now 37% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be Kč845, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is forecast to decline by 1.1% per annum over the same time period. Reported Earnings • Nov 06
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Kč9.12b (up 17% from 3Q 2021). Net income: Kč4.61b (up 34% from 3Q 2021). Profit margin: 51% (up from 44% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment deteriorated over the past week After last week's 21% share price decline to Kč534, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč988 per share. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Kč534, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 15% share price gain to Kč664, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total loss to shareholders of 14% over the past three years. Reported Earnings • Sep 03
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: Kč9.41b (up 28% from 2Q 2021). Net income: Kč4.81b (up 54% from 2Q 2021). Profit margin: 51% (up from 43% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.5%, compared to a 12% growth forecast for the Banks industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Kč534, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorated over the past week After last week's 22% share price decline to Kč534, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in the United Kingdom. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorated over the past week After last week's 27% share price decline to Kč534, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč1,064 per share.