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Alior Bank

LSE:0QBM
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0QBM
LSE
PLN8B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Alior Bank S.A. provides banking products and services to individual and business customers in Poland. The last earnings update was 50 days ago. More info.


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0QBM Share Price and Events
7 Day Returns
0%
LSE:0QBM
2.3%
GB Banks
1.9%
GB Market
1 Year Returns
-
LSE:0QBM
-7.8%
GB Banks
2.5%
GB Market
0QBM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alior Bank (0QBM) 0% - - - -15.8% -31.7%
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
  • No trading data on 0QBM.
  • No trading data on 0QBM.
Price Volatility
0QBM
Industry
5yr Volatility vs Market

0QBM Value

 Is Alior 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 Alior 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 Alior Bank.

LSE:0QBM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity
= PLN68.98 * 12%
PLN8.28
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. PLN68.98
Discount Rate (Cost of Equity) See below 8.2%
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:0QBM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 7.1%
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- 19%) (75.96%))
0.971
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.971 * 7.14%)
8.16%

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

The calculations below outline how an intrinsic value for Alior 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:0QBM Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12% – 8.16%) * PLN68.98)
PLN2.65
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= PLN2.65 / (8.16% - 1.23%)
PLN38.17
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= PLN68.98 + PLN38.17
PLN107.15
LSE:0QBM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0QBM represents 0.99584x of WSE:ALR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99584x
Value per Share
(Listing Adjusted, PLN)
= Value per Share (PLN) x Listing Adjustment Factor
= PLN 107.15 x 0.99584
PLN106.71
Value per share (PLN) From above. PLN106.71
Current discount Discount to share price of PLN59.75
= -1 x (PLN59.75 - PLN106.71) / PLN106.71
44%

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

Current Discount
Amount off the current price Alior Bank is available for.
Intrinsic value
44%
Share price is PLN59.75 vs Future cash flow value of PLN106.71
Current Discount Checks
For Alior Bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alior Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alior Bank'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 Alior Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alior Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0QBM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN5.49
WSE:ALR Share Price ** WSE (2019-03-29) in PLN PLN60
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 Alior Bank.

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

= WSE:ALR Share Price ÷ EPS (both in PLN)

= 60 ÷ 5.49

10.94x

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

  • Alior Bank is overvalued based on earnings compared to the GB Banks industry average.
  • Alior 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 Alior Bank's expected growth come at a high price?
Raw Data
LSE:0QBM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
11.3%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:0QBM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.94x ÷ 11.3%

0.97x

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

  • Alior Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Alior Bank's assets?
Raw Data
LSE:0QBM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN49.68
WSE:ALR Share Price * WSE (2019-03-29) in PLN PLN60
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:0QBM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:ALR Share Price ÷ Book Value per Share (both in PLN)

= 60 ÷ 49.68

1.21x

* Primary Listing of Alior Bank.

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

  • Alior Bank is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Alior 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. Alior Bank has a total score of 4/6, 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.

0QBM Future Performance

 How is Alior Bank expected to perform in the next 1 to 3 years based on estimates from 11 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
11.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alior Bank expected to grow at an attractive rate?
  • Alior Bank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Alior Bank's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Alior Bank's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0QBM Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0QBM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 11.3%
LSE:0QBM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 16%
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:0QBM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0QBM Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,230
2022-12-31 1,154
2021-12-31 4,818 1,065 6
2020-12-31 4,504 987 7
2019-12-31 4,204 868 6
LSE:0QBM Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 2,908 -3,936 713
2018-09-30 2,958 -5,369 708
2018-06-30 2,960 -8,245 713
2018-03-31 2,891 -8,879 617
2017-12-31 2,769 -6,722 471
2017-09-30 2,656 -16,509 666
2017-06-30 2,394 -10,785 575
2017-03-31 2,145 -14,646 557
2016-12-31 1,904 -19,087 575
2016-09-30 1,674 -6,741 288
2016-06-30 1,600 -11,959 293
2016-03-31 1,526 -4,455 299

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alior Bank's earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
  • Alior Bank's revenue is expected to grow by 16% 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:0QBM 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 11 Analyst Estimates (S&P Global) See Below

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

LSE:0QBM Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 9.41 9.52 9.31 2.00
2022-12-31 8.87 8.93 8.82 2.00
2021-12-31 8.16 9.30 7.07 7.00
2020-12-31 7.57 8.60 6.76 11.00
2019-12-31 6.64 6.68 6.61 3.00
LSE:0QBM Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 5.49
2018-09-30 5.46
2018-06-30 5.51
2018-03-31 4.78
2017-12-31 3.65
2017-09-30 5.15
2017-06-30 4.45
2017-03-31 4.79
2016-12-31 5.63
2016-09-30 3.28
2016-06-30 3.96
2016-03-31 4.11

*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.
  • Alior Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Alior 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.
Alior Bank has a total score of 3/6, 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.

0QBM Past Performance

  How has Alior 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 Alior 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.
  • Alior Bank has delivered over 20% year on year earnings growth in the past 5 years.
  • Alior Bank's 1-year earnings growth exceeds its 5-year average (51.4% vs 23.1%)
  • Alior Bank's earnings growth has exceeded the GB Banks industry average in the past year (51.4% vs 42.2%).
Earnings and Revenue History
Alior 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 Alior Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0QBM Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,907.63 713.37 1,705.00
2018-09-30 2,957.51 708.07 1,739.90
2018-06-30 2,959.70 713.33 1,729.73
2018-03-31 2,890.86 617.48 1,802.73
2017-12-31 2,768.94 471.19 1,853.58
2017-09-30 2,656.41 666.46 1,916.13
2017-06-30 2,394.17 575.23 1,805.12
2017-03-31 2,144.52 557.13 1,589.18
2016-12-31 1,903.53 575.23 1,366.89
2016-09-30 1,674.33 288.45 1,179.04
2016-06-30 1,600.10 292.50 1,151.33
2016-03-31 1,526.38 298.65 1,126.65
2015-12-31 1,494.65 309.65 1,107.89
2015-09-30 1,455.56 371.06 1,010.57
2015-06-30 1,401.81 350.14 983.59
2015-03-31 1,409.13 345.57 940.74
2014-12-31 1,329.71 322.74 863.27
2014-09-30 1,288.31 279.71 856.57
2014-06-30 1,230.29 251.10 819.96
2014-03-31 1,165.66 251.71 803.90
2013-12-31 1,116.96 227.90 797.99
2013-09-30 1,089.24 82.35 907.37
2013-06-30 1,093.99 101.42 893.37
2013-03-31 994.47 52.00 1,034.23
2012-12-31 995.46 61.13 859.74
2012-09-30 983.44 220.03 696.88
2012-06-30 920.25 203.27 683.71

*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.
  • Alior Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Alior Bank used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Alior 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 Alior 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.
Alior Bank has a total score of 4/6, 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.

0QBM Health

 How is Alior 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 Alior 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 Alior Bank Company Filings, last reported 3 months ago.

LSE:0QBM Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,485.92 5,950.02 1,951.22
2018-09-30 6,494.18 6,208.66 2,059.79
2018-06-30 6,336.46 6,317.80 1,706.94
2018-03-31 6,159.58 6,337.97 1,894.98
2017-12-31 6,690.98 6,160.81 1,960.01
2017-09-30 6,607.61 5,042.59 2,451.68
2017-06-30 6,389.16 4,546.88 1,964.49
2017-03-31 6,312.72 4,605.16 2,312.08
2016-12-31 6,159.86 4,614.98 2,766.53
2016-09-30 5,877.61 5,041.36 568.16
2016-06-30 5,801.36 4,543.43 1,630.98
2016-03-31 3,601.59 3,798.39 790.94
2015-12-31 3,514.10 4,054.51 1,174.97
2015-09-30 3,470.34 3,866.50 737.07
2015-06-30 3,345.22 4,783.09 1,065.60
2015-03-31 3,322.00 4,697.53 907.74
2014-12-31 3,015.08 3,422.76 1,083.33
2014-09-30 2,918.53 4,317.26 796.91
2014-06-30 2,822.45 3,394.20 717.20
2014-03-31 2,717.79 2,265.35 1,434.08
2013-12-31 2,184.73 2,448.51 636.48
2013-09-30 2,069.02 2,181.43 1,087.22
2013-06-30 2,382.26 1,888.89 1,063.57
2013-03-31 2,331.25 1,509.46 967.79
2012-12-31 1,970.97 1,754.04 798.70
2012-09-30 1,450.90 1,379.53 1,521.10
2012-06-30 1,363.96 1,557.18 1,150.60
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.
  • Alior Bank has an acceptable proportion of non-loan assets held.
  • Alior Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Alior Bank are broadly funded by customer deposits.
  • Alior Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Alior Bank has a low allowance for bad loans.
  • Alior Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Alior 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. Alior 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.

0QBM Dividends

 What is Alior 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
0%
Current annual income from Alior Bank dividends. Estimated to be 2.93% next year.
If you bought PLN2,000 of Alior Bank shares you are expected to receive PLN0 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?
  • Unable to evaluate Alior Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Alior Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:0QBM 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 11 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:0QBM Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 4.08 4.00
2022-12-31 2.77 4.00
2021-12-31 1.87 5.00
2020-12-31 1.79 5.00
2019-12-31 0.00 8.00

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

  • Unable to perform a dividend volatility check as Alior Bank has not reported any payouts.
  • Unable to verify if Alior Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Alior Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Alior Bank has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess Alior 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 Alior Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alior Bank has a total score of 1/6, see the detailed checks below.


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

0QBM Management

 What is the CEO of Alior 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
Krzysztof Bachta
COMPENSATION PLN814,115
TENURE AS CEO 0.5 years
CEO Bio

Mr. Krzysztof Bachta serves as President of the Management Board at Alior Bank SA since February 26, 2019. He served as an Acting Chief Executive Officer of Alior Bank SA since October 2018 until February 26, 2019. He is also Vice-President of Management Board at Alior Bank SA. He has a long term managerial experience in Polish financial sector. Prior to becoming Alior Bank’s Management Board Member he was a Managing Director in PZU Group responsible for strategy and development. He has been a Member of Supervisory Board at Money Makers TFI SA since February 2019. He graduated from Warsaw School of Economics and also holds a law degree from Warsaw University. He is also a graduate of Universita’ Luigi Bocconi in Milan (CEMS Master in International Management) as well as IESE Business School. In 2003-2007 he worked in EY Polska (tax advisory) and became certified tax advisor. In 2007-2010 he worked for Boston Consulting Group Polska providing strategic consulting services for top Polish banks. He participated in many projects in banking (i.e. growth initiatives implementation in retail banks, M&A, back-office centralization and cost optimization). Since 2010 he was employed in PZU SA, PZU Zycie in Bureau of Strategy and Projects. Since 2011 he became a director in Bureau of Strategy and Projects responsible for formulation and implementation of PZU Group. Managing Director responsible for strategy and development since 2017. M&A activities also were within the scope of his responsibilities (including Pekao SA acquisition) as well as innovation management and synergies implementation stemming from cooperation with banks within PZU Group.

CEO Compensation
  • Insufficient data for Krzysztof to compare compensation growth.
  • Krzysztof'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 of the Alior Bank management team in years:

0.5
Average Tenure
  • The average tenure for the Alior Bank management team is less than 2 years, this suggests a new team.
Management Team

Krzysztof Bachta

TITLE
CEO & President of the Management Board
COMPENSATION
PLN814K
TENURE
0.5 yrs

Marcin Jaszczuk

TITLE
Deputy President of the Management Board
COMPENSATION
PLN847K
TENURE
1.1 yrs

Agata Strzelecka

TITLE
Deputy President of the Management Board
COMPENSATION
PLN807K
TENURE
1 yrs

Mateusz Poznanski

TITLE
Deputy President of the Management Board
COMPENSATION
PLN796K
TENURE
1 yrs

Maciej Surdyk

TITLE
Deputy President of the Management Board
COMPENSATION
PLN797K
TENURE
1 yrs

Marek Szczesniak

TITLE
Vice President of Management Board
COMPENSATION
PLN799K
TENURE
0.3 yrs

Seweryn Kowalczyk

TITLE
Vice President of Management Board
COMPENSATION
PLN790K
TENURE
0.3 yrs

Dariusz Szwed

TITLE
Vice Chairman of Management Board & Deputy CEO

Tomasz Bilous

TITLE
Deputy CEO & Vice President of Management Board
TENURE
0.2 yrs

Tomasz Bilous

TITLE
Deputy CEO & Member of Management Board
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the Alior Bank board of directors in years:

1.5
Average Tenure
  • The average tenure for the Alior Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tomasz Kulik

TITLE
Chairman of the Supervisory Board
TENURE
1.6 yrs

Marcin Eckert

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
PLN89K

Dariusz Gatarek

TITLE
Member of the Supervisory Board
COMPENSATION
PLN198K
TENURE
3.3 yrs

Maciej Rapkiewicz

TITLE
Member of the Supervisory Board
TENURE
3.3 yrs

Mikolaj Handsche

TITLE
Member of the Supervisory Board
COMPENSATION
PLN190K
TENURE
1.5 yrs

Artur Kucharski

TITLE
Member of the Supervisory Board
COMPENSATION
PLN178K
AGE
50
TENURE
1.5 yrs

Wojciech Myslecki

TITLE
Member of the Supervisory Board
COMPENSATION
PLN94K
TENURE
0.8 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 (PLN) Value (PLN)
X
Management checks
We assess Alior 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. Alior 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.

0QBM News

Simply Wall St News

0QBM Company Info

Description

Alior Bank S.A. provides banking products and services to individual and business customers in Poland. It operates through Retail, Corporate, and Treasury Activity segments. The company offers savings, personal, current, and auxiliary accounts, as well as term deposits; and cash, housing, car, working capital, and investment loans, as well as overdraft facilities and credit cards. It also provides brokerage products, investment funds, transaction services, and treasury products; and bancassurance and foreign currency products, as well as consulting and financial agency services. As of December 31, 2016, the company had 286 branches and 495 partner outlets, as well as a network of approximately 10 mortgage centers, 10 cash centers, 3,000 financial intermediaries’ outlets, and 10,000 instalment intermediaries. Alior Bank S.A. was founded in 2008 and is headquartered in Warsaw, Poland.

Details
Name: Alior Bank S.A.
0QBM
Exchange: LSE
Founded: 2008
PLN7,833,239,460
130,553,991
Website: http://www.aliorbank.pl
Address: Alior Bank S.A.
ul. Lopuszanska 38 D,
Warsaw,
02-232,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE ALR Registered Shares Warsaw Stock Exchange PL PLN 14. Dec 2012
DB A6O Registered Shares Deutsche Boerse AG DE EUR 14. Dec 2012
LSE 0QBM Registered Shares London Stock Exchange GB PLN 14. Dec 2012
Number of employees
Current staff
Staff numbers
8,027
Alior Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:41
End of day share price update: 2019/03/29 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/28
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.