ProCredit Holding AG & Co. KGaA, through its subsidiaries, operates as a development-oriented commercial banking company that offers various financial services to small and medium businesses, and private individuals in Germany, Eastern Europe, South Eastern Europe, and South America.
Undervalued with adequate balance sheet.
Share Price & News
How has ProCredit Holding KGaA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 0RL9's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how 0RL9 performed against the UK Banks industry.
Return vs Market: Insufficient data to determine how 0RL9 performed against the UK Market.
Price Volatility Vs. Market
How volatile is ProCredit Holding KGaA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is ProCredit Holding KGaA undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 0RL9 (€5.2) is trading below our estimate of fair value (€14.63)
Significantly Below Fair Value: 0RL9 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 0RL9 is poor value based on its PE Ratio (5.1x) compared to the Banks industry average (4.3x).
PE vs Market: 0RL9 is good value based on its PE Ratio (5.1x) compared to the UK market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: 0RL9 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 0RL9 is good value based on its PB Ratio (0.4x) compared to the GB Banks industry average (0.4x).
How is ProCredit Holding KGaA forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 0RL9's forecast earnings growth (5.6% per year) is above the savings rate (0.5%).
Earnings vs Market: 0RL9's earnings (5.6% per year) are forecast to grow slower than the UK market (15.3% per year).
High Growth Earnings: 0RL9's earnings are forecast to grow, but not significantly.
Revenue vs Market: 0RL9's revenue (3.7% per year) is forecast to grow faster than the UK market (2.4% per year).
High Growth Revenue: 0RL9's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 0RL9's Return on Equity is forecast to be low in 3 years time (10.6%).
How has ProCredit Holding KGaA performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 0RL9 has a high level of non-cash earnings.
Growing Profit Margin: 0RL9's current net profit margins (23.7%) are lower than last year (24.4%).
Past Earnings Growth Analysis
Earnings Trend: 0RL9's earnings have grown by 5.1% per year over the past 5 years.
Accelerating Growth: 0RL9's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 0RL9 had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the Banks industry average (29.6%).
Return on Equity
High ROE: 0RL9's Return on Equity (7.7%) is considered low.
How is ProCredit Holding KGaA's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 0RL9 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 0RL9's debt is covered by short term assets (assets are 1.1x debt).
Financial Institutions Analysis
Asset Level: 0RL9's level of assets compared to its equity is low.
Allowance for Bad Loans: 0RL9 has a low allowance for bad loans.
Low Risk Liabilities: 0RL9's liabilities are made up of primarily low risk sources of funding.
Loan Level: 0RL9 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 0RL9's loans are broadly funded by customer deposits.
Level of Bad Loans: 0RL9 has a high level of bad loans (2.4%)
What is ProCredit Holding KGaA's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 0RL9's dividend (5.83%) is higher than the bottom 25% of dividend payers in the UK market (2.68%).
High Dividend: 0RL9's dividend (5.83%) is low compared to the top 25% of dividend payers in the UK market (7.57%).
Stability and Growth of Payments
Stable Dividend: 0RL9 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 0RL9 has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.5%), 0RL9's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 0RL9's dividends in 3 years are forecast to be well covered by earnings (33.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
ProCredit Holding KGaA has no CEO, or we have no data on them.
|Supervisory Board Member||3.42yrs||no data||no data|
|Supervisory Board Chairman||no data||no data||no data|
|Supervisory Board Member||13.25yrs||no data||no data|
|Member of Supervisory Board||6.25yrs||no data||no data|
|Supervisory Board Vice Chairman||no data||no data||no data|
|Supervisory Board Member||2.92yrs||no data||no data|
Experienced Board: 0RL9's board of directors are considered experienced (4.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ProCredit Holding AG & Co. KGaA's company bio, employee growth, exchange listings and data sources
- Name: ProCredit Holding AG & Co. KGaA
- Ticker: 0RL9
- Exchange: LSE
- Founded: 1998
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €303.327m
- Shares outstanding: 58.90m
- Website: https://www.procredit-holding.com
Number of Employees
- ProCredit Holding AG & Co. KGaA
- Rohmerplatz 33-37
- Frankfurt am Main
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PCZ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2016|
|0RL9||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Dec 2016|
|PCZ||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Dec 2016|
ProCredit Holding AG & Co. KGaA, through its subsidiaries, operates as a development-oriented commercial banking company that offers various financial services to small and medium businesses, and private individuals in Germany, Eastern Europe, South Eastern Europe, and South America. The company provides account services, such as e-banking, cards, domestic and international payments, and transactions; advice on liquidity management or accounting and reporting; payroll services, documentary business, and trade finance; savings and personal banking services; overdrafts; and housing and housing improvement loans. The company was formerly known as Internationale Micro Investitionen AG. ProCredit Holding AG & Co. KGaA was founded in 1998 and is based in Frankfurt am Main, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 01:32|
|End of Day Share Price||2020/04/03 00:00|
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.