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Erste Group Bank

LSE:0MJK
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0MJK
LSE
€15B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Erste Group Bank AG provides a range of banking and other financial services to the retail and corporate customers in Austria, Central and Eastern Europe, and internationally. The last earnings update was 21 days ago. More info.


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0MJK Share Price and Events
7 Day Returns
2.4%
LSE:0MJK
2.3%
GB Banks
1.9%
GB Market
1 Year Returns
-8%
LSE:0MJK
-7.8%
GB Banks
2.5%
GB Market
0MJK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Erste Group Bank (0MJK) 2.4% 12.5% 21% -8% 42.1% 57.3%
GB Banks 2.3% 3.6% 4.4% -7.8% 16.1% -12.3%
GB Market 1.9% 3% 7.9% 2.5% 15.6% 6.8%
1 Year Return vs Industry and Market
  • 0MJK underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0MJK
Industry
5yr Volatility vs Market

0MJK Value

 Is Erste Group Bank 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 Erste Group Bank 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 Erste Group Bank.

LSE:0MJK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 14 analysts.
= Stable Book Value * Return on Equity
= €35.83 * 10.5%
€3.76
Book Value of Equity per Share Weighted future Book Value estimates from 12 analysts. €35.83
Discount Rate (Cost of Equity) See below 10.4%
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:0MJK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.5%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 25%) (230.46%))
1.414
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.414 * 6.51%)
10.43%

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

The calculations below outline how an intrinsic value for Erste Group Bank 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:0MJK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.5% – 10.43%) * €35.83)
€0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.02 / (10.43% - 1.23%)
€0.27
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €35.83 + €0.27
€36.1
LSE:0MJK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0MJK represents 0.99973x of WBAG:EBS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99973x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 36.10 x 0.99973
€36.09
Value per share (EUR) From above. €36.09
Current discount Discount to share price of €37.04
= -1 x (€37.04 - €36.09) / €36.09
-2.6%

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

  • The current share price of Erste Group Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Erste Group Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Erste Group Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0MJK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €4.02
WBAG:EBS Share Price ** WBAG (2019-04-18) in EUR €37.05
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 796 Publicly-Listed Companies 16.29x

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

** Primary Listing of Erste Group Bank.

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

= WBAG:EBS Share Price ÷ EPS (both in EUR)

= 37.05 ÷ 4.02

9.21x

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

  • Erste Group Bank is good value based on earnings compared to the GB Banks industry average.
  • Erste Group Bank is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Erste Group Bank's expected growth come at a high price?
Raw Data
LSE:0MJK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
0.2%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.21x ÷ 0.2%

60.93x

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

  • Erste Group Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Erste Group Bank's assets?
Raw Data
LSE:0MJK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €35.18
WBAG:EBS Share Price * WBAG (2019-04-18) in EUR €37.05
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 1.51x
LSE:0MJK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:EBS Share Price ÷ Book Value per Share (both in EUR)

= 37.05 ÷ 35.18

1.05x

* Primary Listing of Erste Group Bank.

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

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

0MJK Future Performance

 How is Erste Group Bank expected to perform in the next 1 to 3 years based on estimates from 18 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
0.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Erste Group Bank expected to grow at an attractive rate?
  • Erste Group Bank's earnings growth is positive but not above the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Erste Group Bank's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Erste Group Bank'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:0MJK Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0MJK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 0.2%
LSE:0MJK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 4.5%
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 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:0MJK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0MJK Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 8,629 1,917 2
2021-12-31 7,887 1,639 9
2020-12-31 7,613 1,571 11
2019-12-31 7,288 1,491 11
LSE:0MJK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 6,971 -15,828 1,717
2018-09-30 6,966 -17,388 1,480
2018-06-30 6,920 -19,534 1,389
2018-03-31 6,832 -8,227 1,313
2017-12-31 6,693 -11,221 1,255
2017-09-30 6,536 -10,674 1,049
2017-06-30 6,435 -3,466 1,024
2017-03-31 6,648 -11,538 1,217
2016-12-31 6,644 -4,385 1,248
2016-09-30 6,853 -3,239 1,369
2016-06-30 6,818 -1,384 1,308
2016-03-31 6,499 1,644 1,014

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Erste Group Bank's earnings are expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).
  • Erste Group Bank's revenue is expected to grow by 4.5% 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:0MJK 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 18 Analyst Estimates (S&P Global) See Below

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

LSE:0MJK Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 3.79 4.47 3.00 9.00
2020-12-31 3.70 4.09 3.31 11.00
2019-12-31 3.52 3.74 3.19 12.00
LSE:0MJK Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 4.02
2018-09-30 3.47
2018-06-30 3.26
2018-03-31 3.10
2017-12-31 2.94
2017-09-30 2.46
2017-06-30 2.38
2017-03-31 2.89
2016-12-31 2.93
2016-09-30 3.21
2016-06-30 3.10
2016-03-31 2.38

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

0MJK Past Performance

  How has Erste Group Bank 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 Erste Group Bank'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.
  • Erste Group Bank has delivered over 20% year on year earnings growth in the past 5 years.
  • Erste Group Bank's 1-year earnings growth is less than its 5-year average (36.7% vs 51%)
  • Erste Group Bank's earnings growth has not exceeded the GB Banks industry average in the past year (36.7% vs 42.2%).
Earnings and Revenue History
Erste Group Bank'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 Erste Group Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0MJK Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,971.46 1,716.59 4,181.10
2018-09-30 6,966.08 1,479.84 4,246.94
2018-06-30 6,920.37 1,388.80 4,231.20
2018-03-31 6,832.09 1,313.15 4,205.00
2017-12-31 6,693.45 1,255.33 4,158.23
2017-09-30 6,535.55 1,049.28 4,078.69
2017-06-30 6,435.16 1,023.73 4,051.33
2017-03-31 6,648.31 1,217.12 4,037.65
2016-12-31 6,643.51 1,248.36 4,028.17
2016-09-30 6,853.42 1,368.50 3,979.55
2016-06-30 6,818.40 1,308.04 3,952.47
2016-03-31 6,499.07 1,013.60 3,929.65
2015-12-31 6,440.59 968.16 3,868.94
2015-09-30 6,064.45 806.14 3,856.02
2015-06-30 5,324.77 -25.00 3,787.60
2015-03-31 5,159.73 -1,260.18 3,772.09
2014-12-31 4,965.48 -1,382.64 3,787.27
2014-09-30 4,689.31 -1,794.92 3,755.37
2014-06-30 5,185.51 -1,112.32 3,832.37
2014-03-31 5,123.87 -27.15 3,869.47
2013-12-31 5,199.54 -24.39 3,896.10
2013-09-30 5,162.20 196.81 3,854.99
2013-06-30 5,174.20 176.91 3,829.49
2013-03-31 5,237.55 137.28 3,801.49
2012-12-31 5,098.80 342.38 3,756.67
2012-09-30 4,989.72 710.30 3,785.40
2012-06-30 4,691.72 -927.20 3,812.00

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

0MJK Health

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

LSE:0MJK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 18,868.72 34,890.48 19,847.50
2018-09-30 18,395.77 34,283.23 12,801.37
2018-06-30 17,707.73 34,706.56 13,465.29
2018-03-31 17,995.69 34,073.01 12,763.14
2017-12-31 18,288.32 31,116.97 25,191.57
2017-09-30 17,969.15 33,736.02 13,908.73
2017-06-30 17,515.21 34,690.03 14,275.71
2017-03-31 16,893.94 41,744.52 14,834.76
2016-12-31 16,602.00 34,480.96 25,121.54
2016-09-30 16,529.37 35,315.18 17,636.15
2016-06-30 15,976.59 37,101.79 17,675.56
2016-03-31 15,217.60 39,168.52 17,552.39
2015-12-31 14,807.31 38,331.35 21,878.02
2015-09-30 14,437.08 40,039.62 14,246.52
2015-06-30 14,014.52 39,404.40 14,267.37
2015-03-31 13,955.68 42,987.13 17,401.76
2014-12-31 13,443.46 41,743.29 16,728.90
2014-09-30 13,651.92 42,634.38 18,142.85
2014-06-30 14,079.59 41,887.94 18,610.20
2014-03-31 15,069.11 43,674.29 18,583.30
2013-12-31 14,784.97 44,188.91 17,184.37
2013-09-30 15,290.35 40,730.19 18,074.03
2013-06-30 16,233.71 42,555.25 19,212.49
2013-03-31 16,430.00 45,920.00 19,974.00
2012-12-31 16,338.52 46,849.08 20,809.83
2012-09-30 16,400.00 45,129.00 20,204.00
2012-06-30 15,892.00 45,113.00 19,955.00
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.
  • Erste Group Bank has an acceptable proportion of non-loan assets held.
  • Erste Group Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Erste Group Bank are broadly funded by customer deposits.
  • Erste Group Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Erste Group Bank has a low allowance for bad loans.
  • Erste Group Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Erste Group Bank'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. Erste Group Bank 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.

0MJK Dividends

 What is Erste Group Bank'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
3.78%
Current annual income from Erste Group Bank dividends. Estimated to be 4.44% next year.
If you bought €2,000 of Erste Group Bank shares you are expected to receive €76 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?
  • Erste Group Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Erste Group Bank's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Erste Group Bank 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:0MJK 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 18 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

LSE:0MJK Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 1.75 14.00
2020-12-31 1.65 18.00
2019-12-31 1.56 16.00
LSE:0MJK Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 1.400 4.018
2019-02-28 1.400 4.309
2018-04-03 1.200 3.444
2018-02-28 1.200 2.885
2017-03-31 1.000 2.817
2017-02-28 1.000 3.357
2016-02-26 0.500 1.973
2015-11-06 0.000 0.000
2015-08-07 0.000 0.000
2015-05-07 0.000 0.000
2015-03-27 0.000 0.000
2014-03-28 0.200 0.953
2014-02-28 0.200 0.821
2013-04-02 0.400 1.628
2012-10-30 0.000 0.000
2012-07-31 0.000 0.000
2012-07-16 0.000 0.000
2012-04-30 0.000 0.000
2012-03-30 0.000 0.000
2011-03-28 0.700 3.442
2011-02-25 0.700 1.952
2010-03-29 0.650 2.065
2010-02-26 0.650 2.219
2009-04-20 0.650 2.695

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 Erste Group Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Erste Group Bank'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 Erste Group Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Erste Group Bank 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.

0MJK Management

 What is the CEO of Erste Group Bank'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
Andreas Treichl
COMPENSATION €2,713,100
AGE 66
TENURE AS CEO 21.8 years
CEO Bio

Magistrate Andreas Treichl, MP, serves as the Chief Executive Officer and Member of Management Board at Erste Securities Istanbul Menkul Degerler A.S. Magistrate Treichl has been the Chief Executive Officer of Erste Group Bank AG since July 1997 and has been its Chairman of the Managing Board & General Manager since July 1997 and Member of Management Board since October 1, 1994. Since 1986, he served as a General Manager of Chase Manhattan Bank Vienna, which was purchased by Credit Lyonnais in 1993. He is a Member of Supervisory Board at Erste Bank der oesterreichischen Sparkassen AG. He served as the Chief Executive Officer of Erste Group Bank AG since July 1997. He began his career at Chase Manhattan Bank in 1977, which sent him to Brussels from 1979 to 1981 and Athens from 1981 to 1983. In 1983, Magistrate Treichl began to work at Erste Group Bank AG for the first time. He serves as the Chairman and Member of Supervisory Board at Erste Bank Der Oesterreichischen Sparkassen AG. He serves as Chairman of Supervisory Board of most progressive Austrian life insurer, S-Versicherung and S-Bausparkasse. He serves as the Chairman of the Supervisory Board at Sparkassen Versicherung AG Vienna Insurance Group. He served as Chairman of Supervisory Board at Ceska sporitelna, a.s. since August 30, 2000. Magistrate Treichl served as the Chairman of the Supervisory Board at Banca Comerciala Romana S.A. He has been Vice-Chairman of Supervisory Board at Ceska Sporitelna, a.s. since September 2013. He serves as a Deputy Chairman of Supervisory Board at Banca Comerciala Romana S.A. He served as a Deputy Chairman and Member of the Supervisory Board at Slovenská sporitel'na, a. s. until May 3, 2007. He served as Second Vice-Chairman of Board of Supervisory Directors at Oesterreichische Kontrollbank AG (Oesterreichische Kontrollbank Aktiengesellschaft) until May 20, 2005 and served as its Member of the Board of Supervisory Directors. He has been a Member of Supervisory Board at Ceska Sporitelna, a.s. since June 27, 2000. He served as a Member of Supervisory Board at Steiermärkische Bank und Sparkassen AG. He served as a Member of Supervisory Board at Erste Bank Hungary Rt. He served as a Director of Banca Comerciala Romana S.A. He has been Chairman of the Savings Bank Council at Die Zweite Wiener Vereins-Sparcasse AG(formerly known as Zweite Wiener Vereins-Sparcasse AG) since May 15, 2017. Magistrate Treichl studied Economic Sciences at Vienna University from 1971 to 1975.

CEO Compensation
  • Andreas's compensation has been consistent with company performance over the past year.
  • Andreas'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 Erste Group Bank management team in years:

4.9
Average Tenure
54
Average Age
  • The tenure for the Erste Group Bank management team is about average.
Management Team

Andreas Treichl

TITLE
Chairman of the Management Board & CEO
COMPENSATION
€3M
AGE
66
TENURE
21.8 yrs

Gernot Mittendorfer

TITLE
CFO & Member of the Management Board
COMPENSATION
€1M
AGE
54
TENURE
5.6 yrs

Peter Bosek

TITLE
Member of the Management Board
COMPENSATION
€1M
AGE
50
TENURE
4.3 yrs

Jozef Síkela

TITLE
Member of the Management Board
COMPENSATION
€1M
AGE
51
TENURE
4.3 yrs

Petr Brávek

TITLE
COO & Member of the Management Board
COMPENSATION
€1M
AGE
57
TENURE
4 yrs

Willibald Cernko

TITLE
Chief Risk Officer & Member of the Management Board
COMPENSATION
€994K
AGE
62
TENURE
2.3 yrs

Johannes Leobacher

TITLE
Head of Corporate and Investment Banking Division
COMPENSATION
€655K
AGE
54
TENURE
10 yrs

Thomas Sommerauer

TITLE
Head of Group Investor Relations
AGE
46
TENURE
8.3 yrs

Markus Posch

TITLE
Head of Group Human Resources

Henning Esskuchen

TITLE
Head of Equity Research CEE
Board of Directors Tenure

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

9
Average Tenure
66.5
Average Age
  • The tenure for the Erste Group Bank board of directors is about average.
Board of Directors

Friedrich Rödler

TITLE
Chairman of the Supervisory Board
COMPENSATION
€210K
AGE
68
TENURE
6.9 yrs

Jan Homan

TITLE
1st Vice Chairman of the Supervisory Board
COMPENSATION
€133K
AGE
71
TENURE
5.3 yrs

Maximilian Hardegg

TITLE
Second Vice Chairman of Supervisory Board
COMPENSATION
€112K
AGE
52
TENURE
1.9 yrs

Elisabeth Bleyleben-Koren

TITLE
Member of The Supervisory Board
COMPENSATION
€87K
AGE
70
TENURE
4.9 yrs

Wilhelm Rasinger

TITLE
Member of the Supervisory Board
COMPENSATION
€90K
AGE
70
TENURE
13.9 yrs

Jack Stack

TITLE
Member of the Supervisory Board
COMPENSATION
€66K
AGE
72
TENURE
11.9 yrs

Brian O’Neill

TITLE
Member of the Supervisory Board
COMPENSATION
€69K
AGE
65
TENURE
11.9 yrs

Karin Zeisel

TITLE
Employee Representative of the Supervisory Board
AGE
57
TENURE
10.7 yrs

Andreas Lachs

TITLE
Employee Representative of the Supervisory Board
AGE
54
TENURE
10.7 yrs

Markus Haag

TITLE
Employee Representative Member of the Supervisory Board
AGE
38
TENURE
7.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Erste Group Bank'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. Erste Group Bank 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.

0MJK News

Simply Wall St News

0MJK Company Info

Description

Erste Group Bank AG provides a range of banking and other financial services to the retail and corporate customers in Austria, Central and Eastern Europe, and internationally. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management and Local Corporate Center, Savings Banks, Group Corporate Center, and Intragroup Elimination segments. It offers savings and current accounts, mortgage and consumer loans, working capital finance, accounts receivable purchasing, structured trade finance, and supply chain finance services; loan syndication services; letters of credit, guarantees, investment finance, acquisition and leveraged finance, commercial real estate finance, buyer's credit, and revolving export credit lines; liquidity management; and hedging and documentary collection services. The company also provides private banking, asset management, investment banking, securities and derivatives trading, portfolio management, project finance, foreign trade financing, corporate finance, capital market and money market, foreign exchange trading, and leasing and factoring services; phone, online, and mobile banking services; and leasing, insurance, investment, and building society products, as well as credit cards. In addition, it offers real estate development and lending; advisory services related to acquisition, divestment, and merger, as well as risk management; analysis services for stock, bond, and commodity markets; and custody and brokerage services. The company operates through 2,565 branches in seven countries. Erste Group Bank AG was founded in 1819 and is headquartered in Vienna, Austria.

Details
Name: Erste Group Bank AG
0MJK
Exchange: LSE
Founded: 1819
€15,139,264,925
408,617,137
Website: http://www.erstegroup.com
Address: Erste Group Bank AG
Am Belvedere 1,
Vienna,
Vienna, 1100,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG EBS Common Stock Wiener Boerse AG AT EUR 02. Sep 1997
OTCPK EBKO.F Common Stock Pink Sheets LLC US USD 02. Sep 1997
DB EBO Common Stock Deutsche Boerse AG DE EUR 02. Sep 1997
XTRA EBO Common Stock XETRA Trading Platform DE EUR 02. Sep 1997
LSE 0MJK Common Stock London Stock Exchange GB EUR 02. Sep 1997
SWX EBS Common Stock SIX Swiss Exchange CH CHF 02. Sep 1997
SEP ERBAG Common Stock The Stock Exchange Prague Co. Ltd. CZ CZK 02. Sep 1997
BVB EBS Common Stock Bucharest Stock Exchange RO RON 02. Sep 1997
BATS-CHIXE EBSV Common Stock BATS 'Chi-X Europe' GB EUR 02. Sep 1997
OTCPK EBKD.Y SPONSORED ADR Pink Sheets LLC US USD 24. Feb 2003
Number of employees
Current staff
Staff numbers
47,397
Erste Group Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:08
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.