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Raiffeisen Bank International

LSE:0NXR
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0NXR
LSE
€8B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Raiffeisen Bank International AG, together with its subsidiaries, provides corporate, retail, and investment banking services. The last earnings update was 39 days ago. More info.


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0NXR Share Price and Events
7 Day Returns
5.1%
LSE:0NXR
1%
GB Banks
0.6%
GB Market
1 Year Returns
-14.5%
LSE:0NXR
-8.7%
GB Banks
1.1%
GB Market
0NXR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Raiffeisen Bank International (0NXR) 5.1% 19% -0.5% -14.5% 69.7% 5.6%
GB Banks 1% 5.4% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0NXR underperformed the Banks industry which returned -8.7% over the past year.
  • 0NXR underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0NXR
Industry
5yr Volatility vs Market

Value

 Is Raiffeisen Bank International 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 Raiffeisen Bank International 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 Raiffeisen Bank International.

LSE:0NXR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 12 analysts.
= Stable Book Value * Return on Equity
= €37.87 * 9.9%
€3.73
Book Value of Equity per Share Weighted future Book Value estimates from 11 analysts. €37.87
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0NXR
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%) (158.09%))
1.198
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.198 * 6.51%)
9.03%

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

The calculations below outline how an intrinsic value for Raiffeisen Bank International 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:0NXR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.9% – 9.03%) * €37.87)
€0.31
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.31 / (9.03% - 1.23%)
€4.04
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €37.87 + €4.04
€41.91
LSE:0NXR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0NXR represents 0.99459x of WBAG:RBI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99459x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 41.91 x 0.99459
€41.68
Value per share (EUR) From above. €41.68
Current discount Discount to share price of €23.88
= -1 x (€23.88 - €41.68) / €41.68
42.7%

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

Current Discount
Amount off the current price Raiffeisen Bank International is available for.
Intrinsic value
43%
Share price is €23.88 vs Future cash flow value of €41.68
Current Discount Checks
For Raiffeisen Bank International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Raiffeisen Bank International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Raiffeisen Bank International's share price is below the future cash flow value, and 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 Raiffeisen Bank International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Raiffeisen Bank International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0NXR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €3.68
WBAG:RBI Share Price ** WBAG (2019-04-18) in EUR €24.01
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Raiffeisen Bank International.

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

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

= 24.01 ÷ 3.68

6.53x

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

  • Raiffeisen Bank International is good value based on earnings compared to the GB Banks industry average.
  • Raiffeisen Bank International is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Raiffeisen Bank International's expected growth come at a high price?
Raw Data
LSE:0NXR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
2.5%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.53x ÷ 2.5%

2.65x

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

  • Raiffeisen Bank International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Raiffeisen Bank International's assets?
Raw Data
LSE:0NXR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €35.64
WBAG:RBI Share Price * WBAG (2019-04-18) in EUR €24.01
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0NXR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 24.01 ÷ 35.64

0.67x

* Primary Listing of Raiffeisen Bank International.

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

  • Raiffeisen Bank International is good value based on assets compared to the GB Banks industry average.
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Value checks
We assess Raiffeisen Bank International'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. Raiffeisen Bank International has a total score of 5/6, 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 Raiffeisen Bank International expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Raiffeisen Bank International expected to grow at an attractive rate?
  • Raiffeisen Bank International's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Raiffeisen Bank International's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Raiffeisen Bank International'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:0NXR Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0NXR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 2.5%
LSE:0NXR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 4.5%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
LSE:0NXR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0NXR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,454
2022-12-31 1,389
2021-12-31 5,724 1,224 8
2020-12-31 5,543 1,185 10
2019-12-31 5,373 1,178 9
LSE:0NXR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 4,961 7,567 1,209
2018-09-30 5,041 -95 1,323
2018-06-30 4,914 -2,558 1,228
2018-03-31 4,926 -4,367 1,246
2017-12-31 4,805 -5,256 1,097
2017-09-30 4,594 2,487 970
2017-06-30 4,406 6,005 832
2017-03-31 4,089 6,754 569
2016-12-31 3,874 1,336 463
2016-09-30 3,747 1,153 312
2016-06-30 3,788 1,857 314
2016-03-31 3,748 3,383 410

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Raiffeisen Bank International's earnings are expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
  • Raiffeisen Bank International'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:0NXR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

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

LSE:0NXR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.32 4.32 4.32 1.00
2022-12-31 4.23 4.37 4.08 2.00
2021-12-31 3.71 4.22 2.95 8.00
2020-12-31 3.61 4.03 3.18 11.00
2019-12-31 3.62 3.76 3.46 9.00
LSE:0NXR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 3.68
2018-09-30 4.02
2018-06-30 3.73
2018-03-31 3.78
2017-12-31 3.34
2017-09-30 3.04
2017-06-30 2.68
2017-03-31 1.89
2016-12-31 1.58
2016-09-30 1.07
2016-06-30 1.07
2016-03-31 1.40

*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.
  • Raiffeisen Bank International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Raiffeisen Bank International'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.
Raiffeisen Bank International has a total score of 1/6, 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 Raiffeisen Bank International 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 Raiffeisen Bank International'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.
  • Raiffeisen Bank International has delivered over 20% year on year earnings growth in the past 5 years.
  • Raiffeisen Bank International's 1-year earnings growth is less than its 5-year average (10.3% vs 45.6%)
  • Raiffeisen Bank International's earnings growth has not exceeded the GB Banks industry average in the past year (10.3% vs 42.2%).
Earnings and Revenue History
Raiffeisen Bank International'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 Raiffeisen Bank International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0NXR 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 4,961.07 1,209.01 3,047.76
2018-09-30 5,041.00 1,322.53 3,090.25
2018-06-30 4,914.00 1,227.53 3,066.25
2018-03-31 4,926.00 1,245.53 3,071.25
2017-12-31 4,804.58 1,096.53 3,010.90
2017-09-30 4,594.15 970.10 2,952.93
2017-06-30 4,406.15 832.10 2,904.93
2017-03-31 4,089.15 569.10 2,839.93
2016-12-31 3,874.15 463.10 2,813.93
2016-09-30 3,747.04 311.85 2,851.74
2016-06-30 3,788.04 313.85 2,902.74
2016-03-31 3,748.04 409.85 2,890.74
2015-12-31 3,701.04 378.85 2,863.74
2015-09-30 3,463.58 -380.85 2,765.48
2015-06-30 3,418.58 -685.85 2,797.48
2015-03-31 3,610.58 -694.85 2,910.48
2014-12-31 3,727.58 -616.85 2,974.48
2014-09-30 4,242.34 171.34 3,134.61
2014-06-30 4,336.34 424.34 3,202.61
2014-03-31 4,307.34 361.34 3,236.61
2013-12-31 4,306.34 357.34 3,269.61
2013-09-30 4,127.72 98.69 3,352.10
2013-06-30 4,068.72 105.69 3,357.10
2013-03-31 4,003.72 145.69 3,292.10
2012-12-31 4,278.72 529.69 3,258.10
2012-09-30 4,752.54 864.66 3,169.44
2012-06-30 4,668.54 853.66 3,124.44

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

Health

 How is Raiffeisen Bank International'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 Raiffeisen Bank International'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 Raiffeisen Bank International Company Filings, last reported 3 months ago.

LSE:0NXR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,413.36 12,473.62 26,591.69
2018-09-30 12,331.00 15,346.00 13,014.00
2018-06-30 11,969.00 14,499.00 14,210.00
2018-03-31 12,000.00 14,432.00 13,752.00
2017-12-31 11,241.35 11,799.76 12,004.93
2017-09-30 11,054.00 13,129.00 8,498.00
2017-06-30 10,233.00 14,565.00 8,924.00
2017-03-31 10,067.00 15,258.00 9,082.00
2016-12-31 9,232.13 17,860.15 9,364.59
2016-09-30 9,021.00 15,966.00 9,314.00
2016-06-30 8,724.00 16,769.00 9,274.00
2016-03-31 8,658.00 16,695.00 9,575.00
2015-12-31 8,500.97 21,381.43 8,827.35
2015-09-30 8,624.00 17,725.00 9,154.00
2015-06-30 8,784.00 18,884.00 10,010.00
2015-03-31 8,654.00 21,213.00 11,620.00
2014-12-31 8,177.72 28,271.64 11,935.20
2014-09-30 9,820.00 20,199.00 21,023.00
2014-06-30 10,845.00 19,880.00 21,279.00
2014-03-31 12,822.00 20,534.00 17,380.00
2013-12-31 10,363.80 26,552.84 11,087.55
2013-09-30 10,354.00 22,769.00 20,986.00
2013-06-30 10,429.00 22,442.00 18,268.00
2013-03-31 11,061.00 23,397.00 19,098.00
2012-12-31 10,872.89 33,580.51 13,514.11
2012-09-30 11,136.00 29,000.00 32,064.00
2012-06-30 10,850.00 32,507.00 36,370.00
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.
  • Raiffeisen Bank International has an acceptable proportion of non-loan assets held.
  • Raiffeisen Bank International's liabilities are made up of primarily low risk sources of funding.
  • Loans at Raiffeisen Bank International are broadly funded by customer deposits.
  • Raiffeisen Bank International's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Raiffeisen Bank International has a low allowance for bad loans.
  • Raiffeisen Bank International has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Raiffeisen Bank International'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. Raiffeisen Bank International 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.

Dividends

 What is Raiffeisen Bank International'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
3.87%
Current annual income from Raiffeisen Bank International dividends. Estimated to be 5.59% next year.
If you bought €2,000 of Raiffeisen Bank International shares you are expected to receive €77 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?
  • Raiffeisen Bank International's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Raiffeisen Bank International'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 Raiffeisen Bank International 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:0NXR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 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:0NXR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.75 1.00
2021-12-31 1.54 12.00
2020-12-31 1.34 16.00
2019-12-31 1.17 16.00
LSE:0NXR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.930 4.387
2018-11-14 0.620 2.670
2018-03-14 0.620 2.317
2018-02-07 0.620 1.943
2015-11-13 0.000 0.000
2015-11-12 0.000 0.000
2015-08-19 0.000 0.000
2015-08-13 0.000 0.000
2015-04-30 0.000 0.000
2015-03-25 0.000 0.000
2015-02-09 0.000 0.000
2014-06-04 1.020 6.204
2013-02-20 1.170 4.640
2012-03-29 1.050 3.789
2011-03-11 1.050 4.009
2010-03-23 0.200 0.541
2009-04-22 0.930 2.729

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%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Raiffeisen Bank International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Raiffeisen Bank International'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 Raiffeisen Bank International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Raiffeisen Bank International has a total score of 3/6, 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 Raiffeisen Bank International'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
Johann Strobl
COMPENSATION €2,297,000
AGE 59
TENURE AS CEO 2.1 years
CEO Bio

Dr. Johann Strobl has been Chairman of Management Board and Chief Executive Officer at Raiffeisen Bank International AG since March 18, 2017 and has been its Member of Management Board since October 10, 2010. Dr. Strobl has been the Chief Executive Officer and Member of Management Board of Raiffeisen Zentralbank Österreich AG since January 24, 2017. Dr. Strobl served as the Chief Risk Officer at Raiffeisen Bank International AG from September 22, 2010. Dr. Strobl served as Deputy Chief Executive Officer of Raiffeisen Bank International AG since June 2013 and served as its Acting Chief Operating Officer. Dr. Strobl was responsible for Risk Controlling, Financial Institutions and Country Risk & Group Portfolio Management, Retail Risk Management, Credit Management Corporates, Workout and Risk Excellence & Projects. He served as a Member of Management Board at Raiffeisen Zentralbank Österreich Aktiengesellschaft since October 1, 2007 and also served as its Chief Risk Officer since 2007. He serves as Deputy Chairman of Management Board at Raiffeisen Bank International AG. He served as the Chief Financial Officer of UniCredit Bank Austria AG from April 1, 2006 to October 2007 and also served as its Chief Risk Officer since April 2006. He has been active for the BA-CA Group since 1989. He served as a Member of Managing Board at Bank Austria Wohnbau Gewinnscheine and UniCredit Bank Austria AG from January 27, 2004 to August 3, 2007. From 1989 to 2004, Dr. Strobl held various management positions within UniCredit Bank including Head of Market Risk Management, Head of Group Risk Management and Head of Treasury and Financial Markets. He served as Deputy Head of the Money Desk and Asset/Liability Management Support Department of Creditanstalt 1997; Head of Market Risk Management at Creditanstalt 1998; Head of Risk Management Division of Austria Group (Bank Austria Creditanstalt) 2000; Head of Treasury and Financial Markets Division of Austria Group (INM) since 2003; Divisional Board Member within HVB and BA-CA as Chief Market Risk Officer and Head of Risk Control from January 2004 to September 2006. He has been the Chairman of the Supervisory Board at Joint Stock Company Raiffeisenbank since May 29, 2017. He served as the Chairman of Raiffeisen Bank Zrt. He served as a Deputy Chairman of the Supervisory Board at Joint Stock Company Raiffeisenbank until May 29, 2017. He served as Deputy Chairman of Supervisory Board at Raiffeisen Centrobank AG and also served as its Member of Supervisory Board since April 23, 2008. He has been a Member of Supervisory Board at Raiffeisenbank a.s. since April 28, 2014. He has been a Member of the Supervisory Board at Tatra Banka a.s. since July 1, 2014. He serves as a Member of the Supervisory Board at ZAO Raiffeisenbank Austria and Raiffeisen Bank Polska S.A. He serves as a Member of the Supervisory Board at Raiffeisen Bank S.A. since August 14, 2015. He serves as President of Supervisory board at Raiffeisen Bank S.A. He served as a Member of the Supervisory Board at Bank für Tirol und Vorarlberg Aktiengesellschaft until May 10, 2006. Dr. Strobl served as a Member of Supervisory Board at Raiffeisen International Bank-Holding AG from June 10, 2008 to October 10, 2010. He served as a Member of Supervisory Board at Bank Fuer Tirol & Vorarlberg AG until May 10, 2006. Dr. Strobl served as a Member of Supervisory Board of Oesterreichische Kontrollbank Aktiengesellschaft from May 24, 2004 to August 3, 2007. He served as Member of the Supervisory Board at UniCredit Bank Slovakia as from February 20, 2007 to September 12, 2007 and UniCredit Bank Czech Republic and Slovakia, a.s. (alternate name, UniCredit Bank Czech Republic a.s.) from March 28, 2007 to August 3, 2007. He served as a Member of Supervisory Board at Raiffeisen Bank S.A. (formerly Bank Przemyslowo - Handlowy PBK SA) until August 3, 2007. He served as a Member of Supervisory Board at Raiffeisen Bank International AG from June 10, 2008 to October 10, 2010. Dr. Strobl worked as University Assistant from 1984 to 1988. He was Assistant Professor at Vienna University of Economics and Business from 1983 to 1989. He holds Doctor of Economics and Business Administration from Vienna's University of Economics and Business Administration in 1988.

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

Average tenure and age of the Raiffeisen Bank International management team in years:

2.1
Average Tenure
52
Average Age
  • The tenure for the Raiffeisen Bank International management team is about average.
Management Team

Johann Strobl

TITLE
Chairman of the Board & CEO
COMPENSATION
€2M
AGE
59
TENURE
2.1 yrs

Martin Grüll

TITLE
CFO & Member of Management Board
COMPENSATION
€2M
AGE
59
TENURE
9.3 yrs

Peter Lennkh

TITLE
Member of Management Board
COMPENSATION
€2M
AGE
55
TENURE
14.5 yrs

Andreas Gschwenter

TITLE
COO, Chief Information Officer & Member of Management Board
COMPENSATION
€2M
AGE
49
TENURE
3.8 yrs

Hannes Mösenbacher

TITLE
Chief Risk Officer & Member of Management Board
COMPENSATION
€1M
AGE
46
TENURE
2.1 yrs

Andrii Stepanenko

TITLE
Member of Management Board & Retail Banking Executive
COMPENSATION
€720K
AGE
46
TENURE
1.1 yrs

Janusz Januszewski

TITLE
Member of Management Board & Markets & Investment Banking Executive
COMPENSATION
€779K
AGE
40
TENURE
1.1 yrs

Helmut Breit

TITLE
Head of Corporate Finance
AGE
61

Susanne E. Langer

TITLE
Head of Group Investor Relations

Christoph Lehner

TITLE
Head of Group Compliance
Board of Directors Tenure

Average tenure and age of the Raiffeisen Bank International board of directors in years:

5.8
Average Tenure
56
Average Age
  • The tenure for the Raiffeisen Bank International board of directors is about average.
Board of Directors

Erwin Hameseder

TITLE
Chairman of the Supervisory Board
COMPENSATION
€151K
AGE
62
TENURE
1.8 yrs

Heinrich Schaller

TITLE
Second Deputy Chairman of the Supervisory Board
COMPENSATION
€121K
AGE
59
TENURE
6.8 yrs

Martin Schaller

TITLE
First Deputy Chairman of the Supervisory Board
COMPENSATION
€127K
AGE
53
TENURE
4.8 yrs

Eva Eberhartinger

TITLE
Supervisory Board Member
COMPENSATION
€87K
AGE
50
TENURE
1.8 yrs

Erwin Tinhof

TITLE
Chairman of the Advisory Council
AGE
56
TENURE
0.8 yrs

Robert Lutschounig

TITLE
Deputy Chairman of the Advisory Council
TENURE
0.8 yrs

Rudolf Kortenhof

TITLE
Supervisory Board Member
AGE
57
TENURE
8.5 yrs

Peter Anzeletti-Reikl

TITLE
Supervisory Board Member
AGE
53
TENURE
8.5 yrs

Helge Rechberger

TITLE
Supervisory Board Member
AGE
51
TENURE
8.5 yrs

Günther Reibersdorfer

TITLE
Supervisory Board Member
COMPENSATION
€66K
AGE
64
TENURE
6.8 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 Raiffeisen Bank International'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. Raiffeisen Bank International 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

Raiffeisen Bank International AG, together with its subsidiaries, provides corporate, retail, and investment banking services. The company offers various financing products and services, including corporate finance, structured finance, corporate bonds, and factoring services; leasing services; investment solutions, such as securities, money market investments, and structured products for commercial, as well as institutional customers; currency, interest, and commodity hedging services, as well as trustee transaction processing services; and export financing comprising letters of credit and guarantees. It also provides investment banking services, which include advisory on bond issues, promissory notes, and private placements; arranging syndicated loans and structure asset based finance transactions; and assisting clients in mergers, acquisitions, sales, and privatizations to companies, financial institutions, and the public sector. In addition, the company offers traditional payments products, such as SEPA and cross-border-payments; electronic banking and e-business services; and international cash pooling and individual one-off payment solutions to commercial customers and financial institutions. Further, it provides fund administration/custodian bank, fund services sales, and fund services brokerage services, as well as infrastructure securities services; group securities services to institutional clients, such as custodians, broker/dealers, and investment funds; and credit and preload cards. The company has 2,159 business outlets in Central, Southeastern, and Eastern Europe. Raiffeisen Bank International AG is headquartered in Vienna, Austria.

Details
Name: Raiffeisen Bank International AG
0NXR
Exchange: LSE
Founded:
€7,890,104,182
328,617,417
Website: http://www.rbinternational.com
Address: Raiffeisen Bank International AG
Am Stadtpark 9,
Vienna,
Vienna, 1030,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG RBI Bearer Shares Wiener Boerse AG AT EUR 25. Apr 2005
OTCPK RAIF.F Bearer Shares Pink Sheets LLC US USD 25. Apr 2005
DB RAW Bearer Shares Deutsche Boerse AG DE EUR 25. Apr 2005
XTRA RAW Bearer Shares XETRA Trading Platform DE EUR 25. Apr 2005
LSE 0NXR Bearer Shares London Stock Exchange GB EUR 25. Apr 2005
SWX RBI Bearer Shares SIX Swiss Exchange CH CHF 25. Apr 2005
SEP RBI Bearer Shares The Stock Exchange Prague Co. Ltd. CZ CZK 25. Apr 2005
BATS-CHIXE RBIV Bearer Shares BATS 'Chi-X Europe' GB EUR 25. Apr 2005
OTCPK RAIF.Y ADR Pink Sheets LLC US USD 04. Nov 2009
Number of employees
Current staff
Staff numbers
47,079
Raiffeisen Bank International employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:06
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/03/13
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.