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BRD - Groupe Société Générale

LSE:0KVH
Snowflake Description

Excellent balance sheet average dividend payer.

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

BRD - Groupe Société Générale S.A. provides a range of banking and financial services to corporates and individuals in Romania. The last earnings update was 76 days ago. More info.


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0KVH Share Price and Events
7 Day Returns
0%
LSE:0KVH
0%
GB Banks
1.5%
GB Market
1 Year Returns
-15.4%
LSE:0KVH
-9.9%
GB Banks
2.1%
GB Market
0KVH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BRD - Groupe Société Générale (0KVH) 0% 3.9% 23.4% -15.4% - -
GB Banks 0% 7.6% 6.2% -9.9% 15.3% -12.2%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • 0KVH underperformed the Banks industry which returned -9.9% over the past year.
  • 0KVH underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
0KVH
Industry
5yr Volatility vs Market

Value

 Is BRD - Groupe Société Générale 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 BRD - Groupe Société Générale 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 BRD - Groupe Société Générale.

LSE:0KVH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= RON10.68 * 10.8%
RON1.15
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. RON10.68
Discount Rate (Cost of Equity) See below 6%
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:0KVH
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 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 16%) (17.31%))
0.787
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 5.96%)
6%

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

The calculations below outline how an intrinsic value for BRD - Groupe Société Générale 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:0KVH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.8% – 6%) * RON10.68)
RON0.51
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= RON0.51 / (6% - 1.23%)
RON10.76
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= RON10.68 + RON10.76
RON21.44
LSE:0KVH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0KVH represents 0.96632x of BVB:BRD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96632x
Value per Share
(Listing Adjusted, RON)
= Value per Share (RON) x Listing Adjustment Factor
= RON 21.44 x 0.96632
RON20.72
Value per share (RON) From above. RON20.72
Current discount Discount to share price of RON13.20
= -1 x (RON13.20 - RON20.72) / RON20.72
36.3%

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

Current Discount
Amount off the current price BRD - Groupe Société Générale is available for.
Intrinsic value
36%
Share price is RON13.2 vs Future cash flow value of RON20.72
Current Discount Checks
For BRD - Groupe Société Générale to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BRD - Groupe Société Générale's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BRD - Groupe Société Générale'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 BRD - Groupe Société Générale's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BRD - Groupe Société Générale's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0KVH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RON RON2.23
BVB:BRD Share Price ** BVB (2019-04-05) in RON RON13.66
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 797 Publicly-Listed Companies 16.16x

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

** Primary Listing of BRD - Groupe Société Générale.

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

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

= 13.66 ÷ 2.23

6.11x

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

  • BRD - Groupe Société Générale is good value based on earnings compared to the GB Banks industry average.
  • BRD - Groupe Société Générale is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does BRD - Groupe Société Générale's expected growth come at a high price?
Raw Data
LSE:0KVH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-15.8%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.11x ÷ -15.8%

-0.39x

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

  • BRD - Groupe Société Générale earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BRD - Groupe Société Générale's assets?
Raw Data
LSE:0KVH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RON RON10.92
BVB:BRD Share Price * BVB (2019-04-05) in RON RON13.66
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 1.52x
LSE:0KVH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 13.66 ÷ 10.92

1.25x

* Primary Listing of BRD - Groupe Société Générale.

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

  • BRD - Groupe Société Générale is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess BRD - Groupe Société Générale'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. BRD - Groupe Société Générale has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is BRD - Groupe Société Générale expected to perform in the next 1 to 3 years based on estimates from 4 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
-15.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BRD - Groupe Société Générale expected to grow at an attractive rate?
  • BRD - Groupe Société Générale's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • BRD - Groupe Société Générale's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • BRD - Groupe Société Générale's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0KVH Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0KVH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -15.8%
LSE:0KVH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -2.8%
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 10.9%
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:0KVH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in RON Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0KVH Future Estimates Data
Date (Data in RON Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 826
2022-12-31 808
2021-12-31 3,142 853 2
2020-12-31 3,089 793 4
2019-12-31 3,322 847 1
LSE:0KVH Past Financials Data
Date (Data in RON Millions) Revenue Cash Flow Net Income *
2018-12-31 3,347 1,557
2018-09-30 3,273 1,483
2018-06-30 3,171 -35 1,414
2018-03-31 3,248 1,490
2017-12-31 3,145 -320 1,406
2017-09-30 2,877 1,214
2017-06-30 2,752 -4,135 1,124
2017-03-31 2,572 1,014
2016-12-31 2,294 -2,124 758
2016-09-30 2,215 706
2016-06-30 2,088 120 612
2016-03-31 1,919 453

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BRD - Groupe Société Générale's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • BRD - Groupe Société Générale's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:0KVH 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 4 Analyst Estimates (S&P Global) See Below

All data from BRD - Groupe Société Générale Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0KVH Future Estimates Data
Date (Data in RON Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.10 1.10 1.10 1.00
2021-12-31 1.15 1.31 1.00 3.00
2020-12-31 1.19 1.37 1.05 3.00
2019-12-31 1.22 1.42 1.07 4.00
LSE:0KVH Past Financials Data
Date (Data in RON Millions) EPS *
2018-12-31 2.23
2018-09-30 2.13
2018-06-30 2.03
2018-03-31
2017-12-31 2.02
2017-09-30
2017-06-30 1.61
2017-03-31
2016-12-31 1.09
2016-09-30
2016-06-30 0.88
2016-03-31

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

Past Performance

  How has BRD - Groupe Société Générale 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 BRD - Groupe Société Générale'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.
  • BRD - Groupe Société Générale has delivered over 20% year on year earnings growth in the past 5 years.
  • BRD - Groupe Société Générale's 1-year earnings growth is less than its 5-year average (10.7% vs 57.2%)
  • BRD - Groupe Société Générale's earnings growth has not exceeded the GB Banks industry average in the past year (10.7% vs 42.2%).
Earnings and Revenue History
BRD - Groupe Société Générale'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 BRD - Groupe Société Générale Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0KVH Past Revenue, Cash Flow and Net Income Data
Date (Data in RON Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,347.00 1,557.29 901.85
2018-09-30 3,272.77 1,482.85 958.63
2018-06-30 3,170.56 1,414.36 949.48
2018-03-31 3,248.44 1,489.98 924.58
2017-12-31 3,145.39 1,406.36 902.81
2017-09-30 2,877.03 1,214.29 859.39
2017-06-30 2,751.76 1,123.64 847.20
2017-03-31 2,572.28 1,013.82 841.93
2016-12-31 2,294.14 757.53 846.00
2016-09-30 2,214.61 705.53 836.36
2016-06-30 2,087.72 612.50 830.69
2016-03-31 1,918.68 452.66 819.71
2015-12-31 1,937.01 465.82 817.45
2015-09-30 1,902.39 390.83 827.05
2015-06-30 1,662.02 169.01 826.66
2015-03-31 1,607.12 101.43 829.09
2014-12-31 1,495.28 63.09 824.83
2014-09-30 785.73 -404.43 846.25
2014-06-30 891.34 -324.29 857.26
2014-03-31 846.63 -354.67 851.00
2013-12-31 798.90 -387.54 843.71
2013-09-30 1,180.41 -258.64 855.88
2013-06-30 1,161.58 -275.94 838.73
2013-03-31 1,150.64 -305.11 846.14
2012-12-31 1,172.13 -298.75 862.12

*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.
  • BRD - Groupe Société Générale has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • BRD - Groupe Société Générale used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if BRD - Groupe Société Générale 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 BRD - Groupe Société Générale'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.
BRD - Groupe Société Générale has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is BRD - Groupe Société Générale'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 BRD - Groupe Société Générale'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 BRD - Groupe Société Générale Company Filings, last reported 3 months ago.

LSE:0KVH Past Debt and Equity Data
Date (Data in RON Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,659.01 1,647.70 4,488.51
2018-09-30 7,163.01 2,373.84 4,352.63
2018-06-30 6,635.17 1,300.89 7,928.73
2018-03-31 7,672.53 1,926.03 2,581.25
2017-12-31 7,368.75 1,369.80 6,842.40
2017-09-30 7,168.30 1,350.33 2,650.62
2017-06-30 6,919.97 1,203.53 4,987.85
2017-03-31 6,988.55 1,161.76 3,030.17
2016-12-31 6,673.83 1,257.02 6,214.52
2016-09-30 6,707.31 1,232.09 2,273.04
2016-06-30 6,362.57 1,221.44 5,247.23
2016-03-31 6,386.12 1,130.82 2,151.60
2015-12-31 6,257.44 1,253.00 4,484.01
2015-09-30 6,075.56 2,612.20 2,118.94
2015-06-30 5,879.49 3,086.13 5,294.40
2015-03-31 5,934.76 3,053.17 1,982.94
2014-12-31 5,750.22 3,052.62 2,989.88
2014-09-30 5,328.84 2,775.76 1,522.78
2014-06-30 5,439.98 3,863.17 2,853.92
2014-03-31 5,202.55 3,956.89 1,023.54
2013-12-31 5,396.50 4,690.01 2,203.91
2013-09-30 5,582.79 4,015.99 1,360.09
2013-06-30 5,561.16 4,466.28 1,951.41
2013-03-31 5,745.85 6,614.06 1,684.46
2012-12-31 5,745.85 6,614.06 1,684.46
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.
  • BRD - Groupe Société Générale has an acceptable proportion of non-loan assets held.
  • BRD - Groupe Société Générale's liabilities are made up of primarily low risk sources of funding.
  • Loans at BRD - Groupe Société Générale are broadly funded by customer deposits.
  • BRD - Groupe Société Générale's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • BRD - Groupe Société Générale has a sufficient allowance for bad loans.
  • BRD - Groupe Société Générale has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess BRD - Groupe Société Générale'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. BRD - Groupe Société Générale has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is BRD - Groupe Société Générale'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
12.01%
Current annual income from BRD - Groupe Société Générale dividends. Estimated to be 6.38% next year.
If you bought RON2,000 of BRD - Groupe Société Générale shares you are expected to receive RON240 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?
  • BRD - Groupe Société Générale's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • BRD - Groupe Société Générale's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.14%).
Upcoming dividend payment

Purchase BRD - Groupe Société Générale 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:0KVH 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 4 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 5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
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:0KVH Future Dividends Estimate Data
Date (Data in RON) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.70 1.00
2021-12-31 0.83 4.00
2020-12-31 0.87 5.00
2019-12-31 1.20 1.00
LSE:0KVH Past Annualized Dividends Data
Date (Data in RON) Dividend per share (annual) Avg. Yield (%)
2018-04-20 1.640 12.622
2017-04-20 0.730 5.459
2016-04-14 0.320 2.966
2013-11-07 0.000 0.000
2013-07-31 0.000 0.000
2013-03-14 0.000 0.000
2012-03-22 0.167 1.937
2011-04-15 0.180 1.515
2011-01-17 0.180 1.247
2010-01-04 0.279 2.186

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

  • BRD - Groupe Société Générale 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 BRD - Groupe Société Générale only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of BRD - Groupe Société Générale's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess BRD - Groupe Société Générale'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 BRD - Groupe Société Générale afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BRD - Groupe Société Générale 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.

Management

 What is the CEO of BRD - Groupe Société Générale'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
François Bloch
AGE 51
TENURE AS CEO 2.3 years
CEO Bio

Mr. Francois Bloch has been Chief Executive Officer of BRD-Groupe at Société Générale SA since December 21, 2016, Member of Management Board since 2018 and has been its Director since July 2018. Mr. Bloch has made his entire career within Société Générale (“SG”) and he held the following positions: Broker, then Head of the brokerage department on derivatives markets on SG Elsässische Bank, Frankfurt(1990 - 1993); Deputy Head, then Head of the SG’s subsidiary, FIMAT Banque, Zweigniederlassung Frankfurt(1993 -1997); Deputy Head of Risks, then Head of Risks, FIMAT International Banque Paris (1997 - 2000); General Manager, FIMAT USA Inc. (2000-2002); Deputy Chief Executive Officer – Member of the Board of Directors, FIMAT International Banque (2002-2007); Head of Strategy and Integration, Newedge (2008-2009) and Non-executive Member of the Board of Directors, Newedge Group (brokerage subsidiary of SG) (2010-2012); Head of Credit Risk on Financial Institutions and Country Risks department, SG (2009-2012). Between 2012 and November 2016 he has held the positions of First Vice-President, then First Deputy Chairman of the Management Board – Member of the Management Board - Member of the Board of Directors, Rosbank PAO. Also, starting with 2012 he exercises the following non-executive directorships in SG Group: Member of the Board of Directors, LLC Rusfinance Bank (subsidiary of Rosbank, specialized in car and point of sales financing), Member of the Board of Directors, Commercial Bank Deltacredit Joint Stock Company (subsidiary of Rosbank, specialized in mortgages loans), Member of the Board of Directors, SG Strakhovanie Zhizni (subsidiary of SG, life insurance), Member of the Board of Directors, Newedge Group (brokerage subsidiary of SG). Since 2016, he holds the position of CEO of BRD-Groupe Société Générale SA. He earned Bachelor of the Ecole Nationale de la Statistique et de l’Administration Economique, Paris, France.

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

Average tenure and age of the BRD - Groupe Société Générale management team in years:

2.3
Average Tenure
51
Average Age
  • The tenure for the BRD - Groupe Société Générale management team is about average.
Management Team

François Bloch

TITLE
CEO, Member of Management Board & Director
AGE
51
TENURE
2.3 yrs

Stephane Fortin

TITLE
Chief Financial Officer

Yves Jean Lallemand

TITLE
Deputy CEO of Global Corporates & Member of the Management Board
AGE
51
TENURE
0.8 yrs

Jérôme Brun

TITLE
Deputy CEO of Risks & Member of the Management Board
AGE
41
TENURE
0.8 yrs

Alina Sturzoiu

TITLE
Incharge of Financial Communication

Mihaela Burada

TITLE
Communication Director

Gheorghe Marinel

TITLE
Deputy Chief Executive Officer of Commercial
AGE
53
TENURE
7.5 yrs

Alexandru-Claudiu Cercel-Duca

TITLE
Deputy Chief Executive Officer of Financial Markets
AGE
50
TENURE
10.5 yrs

François ALDEGUER

TITLE
Deputy Chief Executive Officer of Resources
AGE
58
TENURE
1.9 yrs

Flavia Popa

TITLE
Corporate Secretary
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the BRD - Groupe Société Générale board of directors in years:

2.6
Average Tenure
61
Average Age
  • The average tenure for the BRD - Groupe Société Générale board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gian Soma

TITLE
Chairman of the Board
AGE
58
TENURE
3.9 yrs

François Bloch

TITLE
CEO, Member of Management Board & Director
AGE
51
TENURE
0.8 yrs

Jean-Luc Joseph Parer

TITLE
Non-Executive Member of the Board of Directors
AGE
64
TENURE
6 yrs

Petre Bunescu

TITLE
Director
AGE
66
TENURE
19.7 yrs

Jean-Pierre Georges Vigroux

TITLE
Independent Member of Board of Directors
AGE
65
TENURE
3.3 yrs

Benoit Jean Ottenwaelter

TITLE
Member of the Board of Directors
AGE
64
TENURE
2 yrs

Liliana Feleaga

TITLE
Independent Director
TENURE
0.6 yrs

Philippe Laurent Heim

TITLE
Director
AGE
50
TENURE
0.8 yrs

Bogdan Dragoi

TITLE
Independent Director
AGE
38
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RON) Value (RON)
X
Management checks
We assess BRD - Groupe Société Générale'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. BRD - Groupe Société Générale has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

BRD - Groupe Société Générale S.A. provides a range of banking and financial services to corporates and individuals in Romania. It operates through Retail and Non-Retail segments. The company offers saving and deposits, consumer and housing loans, overdrafts, debit and credit cards, funds transfer and payment services, etc.; and cash management and investment advice services, as well as syndicated loans. It also engages in project and structured finance transactions, asset backed transactions, and securities business; and exchanging currencies. In addition, the company provides financial lease, fund administration, and business consultancy services; Internet and mobile banking services; insurance; and other financial services. As of December 31, 2017, it had 760 branches. The company was founded in 1990 and is headquartered in Bucharest, Romania. BRD - Groupe Société Générale S.A. is a subsidiary of Société Générale Société anonyme.

Details
Name: BRD - Groupe Société Générale S.A.
0KVH
Exchange: LSE
Founded: 1990
RON9,519,674,735
696,901,518
Website: http://www.brd.ro
Address: BRD - Groupe Société Générale S.A.
BRD Tower,
1-7, Ion MIhalache Boulevard,
Bucharest,
011171,
Romania
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BVB BRD Common Shares Bucharest Stock Exchange RO RON 01. May 2002
LSE 0KVH Common Shares London Stock Exchange GB RON 01. May 2002
Number of employees
Current staff
Staff numbers
7,437
BRD - Groupe Société Générale employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 21:28
End of day share price update: 2019/04/05 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/02/07
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.