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Aktia Bank

LSE:0QF8
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0QF8
LSE
€607M
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Aktia Bank p.l.c. provides financial services to private persons and families, entrepreneurs, and small companies in Finland. The last earnings update was 35 days ago. More info.


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0QF8 Share Price and Events
7 Day Returns
0%
LSE:0QF8
-1.3%
GB Banks
1.2%
GB Market
1 Year Returns
11.7%
LSE:0QF8
-9.9%
GB Banks
2.5%
GB Market
0QF8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aktia Bank (0QF8) 0% -3.8% -3.3% 11.7% 2.2% -
GB Banks -1.3% 6.6% 5.5% -9.9% 14.8% -12.4%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • 0QF8 outperformed the Banks industry which returned -9.9% over the past year.
  • 0QF8 outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0QF8
Industry
5yr Volatility vs Market

Value

 Is Aktia 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 Aktia 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 Aktia Bank.

LSE:0QF8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €8.70 * 8.4%
€0.73
Book Value of Equity per Share Median Book Value from the past 5 years. €8.70
Discount Rate (Cost of Equity) See below 14.2%
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:0QF8
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 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 20%) (449.91%))
2.164
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (2 * 6.51%)
14.25%

Discounted Cash Flow Calculation for LSE:0QF8 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Aktia 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:0QF8 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.4% – 14.25%) * €8.70)
€-0.51
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.51 / (14.25% - 1.23%)
€-3.88
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €8.70 + €-3.88
€4.82
LSE:0QF8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0QF8 represents 1.03977x of HLSE:AKTIA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03977x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 4.82 x 1.03977
€5.01
Value per share (EUR) From above. €5.01
Current discount Discount to share price of €9.15
= -1 x (€9.15 - €5.01) / €5.01
-82.6%

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

  • The current share price of Aktia 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 Aktia Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aktia Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0QF8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.81
HLSE:AKTIA Share Price ** HLSE (2019-04-17) in EUR €8.8
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 9.92x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

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

** Primary Listing of Aktia Bank.

LSE:0QF8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:AKTIA Share Price ÷ EPS (both in EUR)

= 8.8 ÷ 0.81

10.81x

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

  • Aktia Bank is overvalued based on earnings compared to the GB Banks industry average.
  • Aktia 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 Aktia Bank's expected growth come at a high price?
Raw Data
LSE:0QF8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
2.7%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.84x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:0QF8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.81x ÷ 2.7%

4.05x

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

  • Aktia Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aktia Bank's assets?
Raw Data
LSE:0QF8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €8.56
HLSE:AKTIA Share Price * HLSE (2019-04-17) in EUR €8.8
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:0QF8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:AKTIA Share Price ÷ Book Value per Share (both in EUR)

= 8.8 ÷ 8.56

1.03x

* Primary Listing of Aktia Bank.

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

  • Aktia Bank is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Aktia 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. Aktia Bank has a total score of 1/6, 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 Aktia Bank expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
2.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aktia Bank expected to grow at an attractive rate?
  • Aktia Bank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Aktia Bank's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Aktia Bank's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
LSE:0QF8 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0QF8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 2.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
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 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:0QF8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0QF8 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 59
2019-12-31 63
LSE:0QF8 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 177 287 56
2018-09-30 183 -22 58
2018-06-30 179 -139 44
2018-03-31 176 -433 41
2017-12-31 179 -170 39
2017-09-30 175 -207 38
2017-06-30 177 -254 44
2017-03-31 182 146 51
2016-12-31 179 -54 49
2016-09-30 141 472 52
2016-06-30 138 477 52
2016-03-31 134 101 51

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aktia Bank's earnings are expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Aktia Bank is high growth as no revenue estimate data is available.
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:0QF8 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 1 Analyst Estimates (S&P Global) See Below

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

LSE:0QF8 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.86 0.86 0.86 1.00
2019-12-31 0.91 0.91 0.91 1.00
LSE:0QF8 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.81
2018-09-30 0.87
2018-06-30 0.67
2018-03-31 0.62
2017-12-31 0.57
2017-09-30 0.55
2017-06-30 0.65
2017-03-31 0.76
2016-12-31 0.74
2016-09-30 0.77
2016-06-30 0.78
2016-03-31 0.77

*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.
  • Aktia Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aktia 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.
Aktia Bank 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 Aktia 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 Aktia 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.
  • Aktia Bank's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Aktia Bank's 1-year earnings growth exceeds its 5-year average (42.4% vs -3%)
  • Aktia Bank's earnings growth has exceeded the GB Banks industry average in the past year (42.4% vs 42.2%).
Earnings and Revenue History
Aktia 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 Aktia Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0QF8 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 177.46 56.01 114.93
2018-09-30 183.45 57.84 119.11
2018-06-30 178.65 44.44 121.41
2018-03-31 176.35 40.94 122.81
2017-12-31 178.75 39.34 124.71
2017-09-30 174.71 37.61 125.79
2017-06-30 176.81 44.11 124.79
2017-03-31 181.61 50.91 122.59
2016-12-31 178.91 49.31 123.49
2016-09-30 140.81 51.50 123.59
2016-06-30 137.71 52.10 123.19
2016-03-31 134.01 50.90 123.69
2015-12-31 135.71 52.00 122.69
2015-09-30 164.44 52.30 120.68
2015-06-30 165.14 51.60 120.28
2015-03-31 167.24 52.40 119.18
2014-12-31 166.84 52.50 118.48
2014-09-30 151.44 55.17 125.23
2014-06-30 155.34 57.27 126.43
2014-03-31 152.94 50.47 129.33
2013-12-31 157.84 52.17 130.23
2013-09-30 182.67 46.61 132.23
2013-06-30 176.17 41.51 132.43
2013-03-31 183.47 45.41 138.83
2012-12-31 170.77 39.41 130.93
2012-09-30 193.37 35.82 111.47
2012-06-30 183.27 31.32 103.87

*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.
  • Aktia Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aktia Bank used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Aktia 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 Aktia 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.
Aktia Bank has a total score of 3/6, see the detailed checks below.

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

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

Health

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

LSE:0QF8 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 589.94 2,730.86 2,335.72
2018-09-30 583.50 2,921.70 2,622.10
2018-06-30 568.50 2,864.20 2,736.40
2018-03-31 592.30 2,761.50 2,774.00
2017-12-31 598.02 2,779.55 2,854.37
2017-09-30 593.60 2,797.70 140.70
2017-06-30 588.00 2,809.10 138.60
2017-03-31 621.00 2,828.50 148.10
2016-12-31 613.11 2,849.07 155.96
2016-09-30 621.90 2,898.80 177.90
2016-06-30 609.20 2,904.60 184.30
2016-03-31 636.10 3,414.50 217.30
2015-12-31 615.23 3,439.42 194.96
2015-09-30 678.00 3,412.70 194.70
2015-06-30 668.40 3,459.30 198.00
2015-03-31 705.10 4,040.00 248.00
2014-12-31 690.89 3,970.01 259.06
2014-09-30 682.70 4,028.90 264.00
2014-06-30 661.10 4,005.60 237.40
2014-03-31 633.30 3,996.90 232.90
2013-12-31 641.71 4,142.26 226.91
2013-09-30 632.10 4,425.10 229.30
2013-06-30 467.20 4,659.80 231.00
2013-03-31 469.90 4,611.90 277.50
2012-12-31 657.41 4,624.38 326.61
2012-09-30
2012-06-30 446.50 8,456.90 371.60
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.
  • Aktia Bank has an acceptable proportion of non-loan assets held.
  • Aktia Bank's liabilities are made up of primarily low risk sources of funding.
  • Aktia Bank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Aktia Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Aktia Bank has a sufficient allowance for bad loans.
  • Aktia Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Aktia 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. Aktia Bank has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Aktia 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
6.93%
Current annual income from Aktia Bank dividends. Estimated to be 7.63% next year.
If you bought €2,000 of Aktia Bank shares you are expected to receive €139 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?
  • Aktia 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%).
  • Aktia Bank's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.1%).
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:0QF8 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
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 5.1%

Industry and Market average data is calculated daily.

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

LSE:0QF8 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.72 1.00
2021-12-31 0.71 1.00
2020-12-31 0.67 2.00
2019-12-31 0.63 2.00
LSE:0QF8 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.610 6.496
2018-02-15 0.570 6.412
2017-03-15 0.520 5.597
2016-02-12 0.540 5.883
2015-02-12 0.480 4.456
2014-03-14 0.420 4.417
2014-02-12 0.420 4.688

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

  • Whilst dividend payments have been stable, Aktia Bank has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Aktia Bank only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Aktia Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Aktia 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 Aktia Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aktia Bank 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 Aktia 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
Mikko Ayub
COMPENSATION €330,000
AGE 49
TENURE AS CEO 0.5 years
CEO Bio

Mr. Mikko Ayub, M.Sc., MBA, serves as Chief Executive Officer at Aktia Pankki Oyj since October 1, 2018. Mr. Ayub served as the Head of Nordea Markets for Finland at Nordea Bank AB (Publ). Mr. Ayub holds MBA Degree in Finance in 2003 from Hanken Svenska handelshögskolan, MSc Degree in Field Of StudyEconomics, Statistics, Mathematics in the year 1990-1996 from University of Helsinki. He is an Executive Advisor of Commercial and Business Banking at Nordea Bank AB since 2018. He was a Director of Nordea Bank Russia from 2016 to 2018. He was a Managing Director and Head of Sales and Research Finland, Baltics & Russia of Nordea Markets from 2014 to 2017. He was an Executive Director, Head of Sales & Research Finland of Nordea Markets from 2011 to 2014. He was a Director and Head of Institutional Sales at Nordea Markets from 2001 to 2011. He was an Analyst of Financial Markets Research at Merita /MeritaNordbanken from 1997 to 2001. He was an Economist of Bank of Finland from 1995 to 1997.

CEO Compensation
  • Insufficient data for Mikko to compare compensation growth.
  • Mikko'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 Aktia Bank management team in years:

1.8
Average Tenure
49
Average Age
  • The average tenure for the Aktia Bank management team is less than 2 years, this suggests a new team.
Management Team

Mikko Ayub

TITLE
Chief Executive Officer
COMPENSATION
€330K
AGE
49
TENURE
0.5 yrs

Juha Hammarén

TITLE
Executive VP
COMPENSATION
€538K
AGE
58
TENURE
2.3 yrs

Outi Henriksson

TITLE
Chief Financial Officer
AGE
49
TENURE
1.7 yrs

Juha Volotinen

TITLE
Chief Information Officer
AGE
43
TENURE
1.8 yrs

Lotta Borgström

TITLE
Head of IR

Mia Bengts

TITLE
General Counsel
AGE
48

Anu Tuomolin

TITLE
Chief Human Resources Officer & Director of HR
AGE
42
TENURE
1.3 yrs

Anssi Rantala

TITLE
Executive Vice President of Asset Management
AGE
46
TENURE
3.5 yrs

Carola Nilsson

TITLE
Executive Vice President of Private Customers
AGE
51

Jarl Sved

TITLE
Senior Advisor
AGE
64
TENURE
4.3 yrs
Board of Directors Tenure

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

1
Average Tenure
49.5
Average Age
  • The average tenure for the Aktia Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lasse Svens

TITLE
Chairman of the Board
COMPENSATION
€101K
AGE
56
TENURE
1 yrs

Arja Talma

TITLE
Vice Chairman of the Board
COMPENSATION
€65K
AGE
56
TENURE
1 yrs

Christina Dahlblom

TITLE
Director
COMPENSATION
€52K
AGE
40
TENURE
3.3 yrs

Maria Engström

TITLE
Director
COMPENSATION
€38K
AGE
49
TENURE
1 yrs

Stefan Damlin

TITLE
Director
COMPENSATION
€51K
AGE
50
TENURE
3.3 yrs

Johannes Schulman

TITLE
Director
COMPENSATION
€39K
AGE
48
TENURE
1 yrs

Tarja Wist

TITLE
Director
AGE
53

Johan Hammarén

TITLE
Director
AGE
49
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 Aktia 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. Aktia 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.

News

Simply Wall St News

Company Info

Description

Aktia Bank p.l.c. provides financial services to private persons and families, entrepreneurs, and small companies in Finland. It operates through three segments: Banking Business, Asset Management & Life Insurance, and Miscellaneous. The company offers various banking products and services, including deposits and loans, and cards, as well as insurance and treasury services, and payment and mobile wallet solutions; financing for corporate installment purchases, leasing, and working capital of companies; and real estate agency services. It also provides mutual fund, discretionary asset management, and other investment services, as well as portfolio management and capital market services; and life insurance solutions and statutory pension insurance policies. The company serves its customers through approximately 40 branch offices, as well as through online and telephone channels. Aktia Bank p.l.c. was founded in 1825 and is headquartered in Helsinki, Finland.

Details
Name: Aktia Bank Plc
0QF8
Exchange: LSE
Founded: 1825
€606,980,633
68,975,072
Website: http://www.aktia.fi
Address: Aktia Bank Plc
Mannerheimintie 14,
PO Box 207,
Helsinki,
Uusimaa, 00101,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE AKTIA Series A Shares OMX Nordic Exchange Helsinki FI EUR 20. Feb 2012
DB 2A41 Series A Shares Deutsche Boerse AG DE EUR 20. Feb 2012
LSE 0QF8 Series A Shares London Stock Exchange GB EUR 20. Feb 2012
BATS-CHIXE AKTIAH Series A Shares BATS 'Chi-X Europe' GB EUR 20. Feb 2012
BATS-CHIXE AKTAVH Series A Shares BATS 'Chi-X Europe' GB EUR 20. Feb 2012
Number of employees
Current staff
Staff numbers
742
Aktia Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 22:10
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/03/21
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.