LSE:0QLU

Stock Analysis Report

Basler Kantonalbank

Executive Summary

Basler Kantonalbank provides various banking products and services to private and corporate customers in Switzerland.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

How has Basler Kantonalbank's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

0QLU

-4.1%

GB Banks

-4.4%

GB Market


1 Year Return

1.3%

0QLU

-11.3%

GB Banks

1.4%

GB Market

Return vs Industry: 0QLU exceeded the UK Banks industry which returned -11.3% over the past year.

Return vs Market: 0QLU matched the UK Market which returned 1.4% over the past year.


Shareholder returns

0QLUIndustryMarket
7 Day0%-4.1%-4.4%
30 Day-0.3%-8.0%-6.3%
90 Day4.8%-9.1%-2.7%
1 Year5.5%1.3%-6.8%-11.3%6.7%1.4%
3 Yearn/a-10.1%-20.4%12.6%-1.5%
5 Yearn/a-6.7%-24.6%28.8%-0.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Basler Kantonalbank undervalued compared to its fair value and its price relative to the market?

16.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 0QLU (CHF78.2) is trading above our estimate of fair value (CHF29.42)

Significantly Below Fair Value: 0QLU is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0QLU is poor value based on its PE Ratio (16.7x) compared to the Banks industry average (8.9x).

PE vs Market: 0QLU is good value based on its PE Ratio (16.7x) compared to the UK market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 0QLU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 0QLU is overvalued based on its PB Ratio (0.8x) compared to the GB Banks industry average (0.8x).


Next Steps

  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is Basler Kantonalbank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.6%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Basler Kantonalbank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Basler Kantonalbank performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0QLU has high quality earnings.

Growing Profit Margin: 0QLU's current net profit margins (21.5%) are lower than last year (34%).


Past Earnings Growth Analysis

Earnings Trend: 0QLU's earnings have grown by 11.3% per year over the past 5 years.

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

Earnings vs Industry: 0QLU had negative earnings growth (-41.2%) over the past year, making it difficult to compare to the Banks industry average (26.6%).


Return on Equity

High ROE: 0QLU's Return on Equity (2.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Basler Kantonalbank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 0QLU has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0QLU's debt is not covered by short term assets (assets are 0.9x debt).


Financial Institutions Analysis

Asset Level: 0QLU's level of assets compared to its equity is moderate.

Allowance for Bad Loans: 0QLU has a sufficient allowance for bad loans.

Low Risk Liabilities: 0QLU's liabilities are made up of primarily low risk sources of funding.

Loan Level: 0QLU has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0QLU's loans are broadly funded by customer deposits.

Level of Bad Loans: 0QLU has an appropriate level of bad loans (0.28%)


Next Steps

Dividend

What is Basler Kantonalbank's current dividend yield, its reliability and sustainability?

4.08%

Current Dividend Yield


Dividend Yield vs Market

company4.1%marketbottom25%1.9%markettop25%5.3%industryaverage6.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 0QLU's dividend (4.08%) is higher than the bottom 25% of dividend payers in the UK market (1.9%).

High Dividend: 0QLU's dividend (4.08%) is low compared to the top 25% of dividend payers in the UK market (5.34%).


Stability and Growth of Payments

Stable Dividend: 0QLU's dividends per share have been stable in the past 10 years.

Growing Dividend: 0QLU's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (68%), 0QLU's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Basil Heeb (55yo)

0.8yrs

Tenure

0

Dr. Basil Heeb has been Chief Executive Officer, Head of President's Office and Chairman of Executive Board since April 1, 2019. Dr. Heeb is Chairman of the Board at Bank Cler AG since June 25, 2019. He mo ...


Leadership Team

NamePositionTenureCompensationOwnership
Basil Heeb
CEO, Chairman of Executive Board and Head of President's Office0.8yrsno datano data
Christoph Auchli
CFO, Head of Finance & Risk and Member of Executive Board1.3yrsno data0.00039% CHF12.5k
Luca Pertoldi-Deppeler
Deputy CEO6.9yrsno data0.0029% CHF91.2k
Michael Eisenrauch
Head of Service Center & Member of Executive Board1.3yrsno data0.0020% CHF62.7k
Andreas Ruesch
Head of Sales Department for Private Clients & Member of the Executive Board1.8yrsno datano data
Regula Berger
Head of Legal & Compliance and Member of the Executive Board1.3yrsno datano data
Michael Buess
Head of General Secretariat0yrsno datano data
Michael Baumberger
Head of the Sales Development Department0yrsno datano data
Felix Haenle
Head of the Group Inspectorate0yrsno datano data
Marc Künzli
Head of the Corporate Customers Department0yrsno datano data

1.3yrs

Average Tenure

48yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Adrian Bult
Chairman of the Board2.8yrsCHF253.41kno data
Domenico Scala
Director2.8yrsCHF93.22kno data
Ralph Lewin
Director10.8yrsCHF68.52k0.0018% CHF57.6k
Urs Berger
Director6.1yrsCHF98.14k0.00010% CHF3.2k
Andreas Sturm
Director11.1yrsCHF80.36k0.0020% CHF63.4k
Karoline Okomba
Director2.8yrsCHF93.22k0.00039% CHF12.5k
Jacqueline Overbeck
Director2.8yrsCHF69.65kno data
Christine Hidber
Vice Chairman of the Board2.8yrsCHF91.08kno data
Priscilla Leimgruber
Director2.8yrsCHF69.65kno data

2.8yrs

Average Tenure

54yo

Average Age

Experienced Board: 0QLU's board of directors are not considered experienced ( 2.8 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

Basler Kantonalbank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Basler Kantonalbank
  • Ticker: 0QLU
  • Exchange: LSE
  • Founded: 1899
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: CHF3.200b
  • Shares outstanding: 41.66m
  • Website: https://www.bkb.ch

Number of Employees


Location

  • Basler Kantonalbank
  • Aeschenvorstadt 41
  • Basel
  • Basel-Stadt
  • 4002
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSKPSWX (SIX Swiss Exchange)YesParticipation CertificatesCHCHFJan 1992
0B8BST (Boerse-Stuttgart)YesParticipation CertificatesDEEURJan 1992
0QLULSE (London Stock Exchange)YesParticipation CertificatesGBCHFJan 1992

Biography

Basler Kantonalbank provides various banking products and services to private and corporate customers in Switzerland. The company offers private, youth, education plus, seniors, Euro private and current, business, foreign currency, rent deposit, capital payment, and savings accounts; and various cards and payment terminals. It also provides mortgages and building loans; personal and collateral loans; lease, working capital, real estate, and female consult financing; investment capital funding; and bonds and bank credits. In addition, the company offers traveler's currency; pension and investment solutions; investment products; current market reports; sustainable investments; and mobile payment, e-banking, trading and stock exchange, financial planning, tax consultation, inheritance advisory, asset management, financial market analysis, and private banking services. Basler Kantonalbank was founded in 1899 and is headquartered in Basel, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 22:31
End of Day Share Price2020/02/14 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.