LSE:0QBM

Stock Analysis Report

Executive Summary

Alior Bank S.A. provides banking products and services to individuals, businesses, and enterprises in Poland.


Snowflake Analysis

Very undervalued with adequate balance sheet.

Share Price & News

How has Alior Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0QBM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

0QBM

12.6%

GB Banks

8.6%

GB Market


1 Year Return

n/a

0QBM

-39.2%

GB Banks

-19.4%

GB Market

Return vs Industry: Insufficient data to determine how 0QBM performed against the UK Banks industry.

Return vs Market: Insufficient data to determine how 0QBM performed against the UK Market.


Shareholder returns

0QBMIndustryMarket
7 Day0%12.6%8.6%
30 Day0%-13.1%-3.5%
90 Dayn/a-35.7%-23.0%
1 Yearn/a-37.0%-39.2%-15.5%-19.4%
3 Year-54.4%-54.4%-34.2%-41.5%-8.8%-19.9%
5 Year-59.0%-66.5%-34.7%-46.5%4.2%-19.0%

Price Volatility Vs. Market

How volatile is Alior Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Alior Bank undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0QBM (PLN28.1) is trading below our estimate of fair value (PLN61.63)

Significantly Below Fair Value: 0QBM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 0QBM is good value based on its PE Ratio (8.1x) compared to the Banks industry average (10.9x).

PE vs Market: 0QBM is good value based on its PE Ratio (8.1x) compared to the UK market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: 0QBM is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 0QBM is good value based on its PB Ratio (0.5x) compared to the GB Banks industry average (0.6x).


Next Steps

Future Growth

How is Alior Bank forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

15.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0QBM's forecast earnings growth (15.1% per year) is above the savings rate (0.5%).

Earnings vs Market: 0QBM's earnings (15.1% per year) are forecast to grow faster than the UK market (11.7% per year).

High Growth Earnings: 0QBM's earnings are forecast to grow, but not significantly.

Revenue vs Market: 0QBM's revenue (5.9% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: 0QBM's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0QBM's Return on Equity is forecast to be low in 3 years time (8.6%).


Next Steps

Past Performance

How has Alior Bank performed over the past 5 years?

15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0QBM has a high level of non-cash earnings.

Growing Profit Margin: 0QBM's current net profit margins (17.5%) are lower than last year (22.8%).


Past Earnings Growth Analysis

Earnings Trend: 0QBM's earnings have grown by 15.9% per year over the past 5 years.

Accelerating Growth: 0QBM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 0QBM had negative earnings growth (-31.3%) over the past year, making it difficult to compare to the Banks industry average (28.3%).


Return on Equity

High ROE: 0QBM's Return on Equity (6.7%) is considered low.


Next Steps

Financial Health

How is Alior Bank's financial position?


Financial Position Analysis

Short Term Liabilities: 0QBM's short term assets (PLN12.4B) do not cover its short term liabilities (PLN63.7B).

Long Term Liabilities: 0QBM's short term assets (PLN12.4B) exceed its long term liabilities (PLN6.5B).


Debt to Equity History and Analysis

Debt Level: 0QBM's debt to equity ratio (90.3%) is considered high.

Reducing Debt: 0QBM's debt to equity ratio has reduced from 147.5% to 90.3% over the past 5 years.

Debt Coverage: 0QBM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 0QBM's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Alior Bank's current dividend yield, its reliability and sustainability?

2.39%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 0QBM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 0QBM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 0QBM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0QBM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 0QBM's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Krzysztof Bachta

1.33s

Tenure

zł814,115

Compensation

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  ...


CEO Compensation Analysis

Compensation vs Market: Krzysztof's total compensation ($USD214.62K) is below average for companies of similar size in the UK market ($USD1.13M).

Compensation vs Earnings: Insufficient data to compare Krzysztof's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Krzysztof Bachta
CEO & President of the Management Board1.33yrszł814.12k0.0032% PLN110.7k
Marcin Jaszczuk
Deputy President of the Management Board1.92yrszł846.52kno data
Agata Strzelecka
Deputy President of the Management Board1.83yrszł807.07kno data
Mateusz Poznanski
Deputy President of the Management Board1.83yrszł796.07kno data
Marek Szczesniak
Vice President of Management Board1.08yrszł799.45kno data
Seweryn Kowalczyk
Vice President of Management Board1.08yrszł790.34kno data
Dariusz Szwed
Vice Chairman of Management Board & Deputy CEOno datano datano data
Tomasz Bilous
Deputy CEO & Member of Management Board1yrno datano data
Anna Czerwonka
Investor Relations Expertno datano datano data

1.3yrs

Average Tenure

Experienced Management: 0QBM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Artur Kucharski
Member of the Supervisory Board2.33yrszł178.00kno data
Mikolaj Handsche
Member of the Supervisory Board2.33yrszł190.00kno data
Maciej Rapkiewicz
Member of the Supervisory Board4.08yrsno datano data
Dariusz Gatarek
Member of the Supervisory Board4.08yrszł198.00kno data
Tomasz Kulik
Chairman of the Supervisory Board2.42yrsno datano data
Wojciech Myslecki
Member of the Supervisory Board1.67yrszł94.00kno data
Marcin Eckert
Deputy Chairman of Supervisory Board0.83yrzł89.00kno data

2.3yrs

Average Tenure

Experienced Board: 0QBM's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Alior Bank S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alior Bank S.A.
  • Ticker: 0QBM
  • Exchange: LSE
  • Founded: 2008
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: zł3.470b
  • Shares outstanding: 130.55m
  • Website: https://www.aliorbank.pl

Number of Employees


Location

  • Alior Bank S.A.
  • ul. Lopuszanska 38D
  • Warsaw
  • 02-232
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALRWSE (Warsaw Stock Exchange)YesRegistered SharesPLPLNDec 2012
0QBMLSE (London Stock Exchange)YesRegistered SharesGBPLNDec 2012
A6ODB (Deutsche Boerse AG)YesRegistered SharesDEEURDec 2012

Biography

Alior Bank S.A. provides banking products and services to individuals, businesses, and enterprises in Poland. The company offers personal accounts and savings products; credits and loans; mortgages; cards; investment and insurance products; bills, leasing, and remote services; financing trade platforms; treasury products; and services for agribusiness. It also provides private banking, finance management, and Internet banking services, as well as issues commercial bonds. The company was founded in 2008 and is headquartered in Warsaw, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/01 22:04
End of Day Share Price2019/11/04 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.