LSE:0RVE

Stock Analysis Report

Executive Summary

BAWAG Group AG operates as a holding company for BAWAG P.S.K.


Snowflake Analysis

Adequate balance sheet average dividend payer.

Share Price & News

How has BAWAG Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

2.9%

0RVE

-3.6%

GB Banks

0.05%

GB Market


1 Year Return

12.5%

0RVE

-6.0%

GB Banks

7.1%

GB Market

Return vs Industry: 0RVE exceeded the UK Banks industry which returned -6% over the past year.

Return vs Market: 0RVE exceeded the UK Market which returned 7.1% over the past year.


Shareholder returns

0RVEIndustryMarket
7 Day2.9%-3.6%0.05%
30 Day9.8%-3.6%-1.7%
90 Day17.1%-2.3%4.1%
1 Year18.6%12.5%-1.2%-6.0%12.6%7.1%
3 Yearn/a-6.7%-17.4%18.4%3.6%
5 Yearn/a-2.6%-21.1%35.2%4.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is BAWAG Group undervalued compared to its fair value and its price relative to the market?

31.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0RVE (€43.87) is trading below our estimate of fair value (€64.29)

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


Price To Earnings Ratio

PE vs Industry: 0RVE is poor value based on its PE Ratio (9.4x) compared to the Banks industry average (9.2x).

PE vs Market: 0RVE is good value based on its PE Ratio (9.4x) compared to the UK market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: 0RVE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 0RVE is overvalued based on its PB Ratio (1x) compared to the GB Banks industry average (0.6x).


Next Steps

Future Growth

How is BAWAG Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0RVE's earnings are forecast to decline over the next 3 years (-2.7% per year).

Earnings vs Market: 0RVE's earnings are forecast to decline over the next 3 years (-2.7% per year).

High Growth Earnings: 0RVE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 0RVE's revenue (3.4% per year) is forecast to grow slower than the UK market (3.5% per year).

High Growth Revenue: 0RVE's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0RVE's Return on Equity is forecast to be low in 3 years time (10.6%).


Next Steps

Past Performance

How has BAWAG Group performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0RVE has high quality earnings.

Growing Profit Margin: 0RVE's current net profit margins (39.2%) are lower than last year (40.2%).


Past Earnings Growth Analysis

Earnings Trend: 0RVE's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: 0RVE's earnings growth over the past year (6.7%) exceeds its 5-year average (3.9% per year).

Earnings vs Industry: 0RVE earnings growth over the past year (6.7%) underperformed the Banks industry 28.3%.


Return on Equity

High ROE: 0RVE's Return on Equity (12%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is BAWAG Group'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: 0RVE has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0RVE's debt is covered by short term assets (assets are 1.2x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: 0RVE has a low allowance for bad loans.

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

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

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

Level of Bad Loans: 0RVE has a high level of bad loans (2.73%)


Next Steps

Dividend

What is BAWAG Group's current dividend yield, its reliability and sustainability?

5.94%

Current Dividend Yield


Upcoming Dividend Payment

Purchase BAWAG Group before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company5.9%marketbottom25%1.8%markettop25%5.1%industryaverage6.4%forecastin3Years6.2%

Current dividend yield vs market & industry

Notable Dividend: 0RVE's dividend (5.94%) is higher than the bottom 25% of dividend payers in the UK market (1.79%).

High Dividend: 0RVE's dividend (5.94%) is in the top 25% of dividend payers in the UK market (5.09%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 0RVE has been paying a dividend for less than 10 years.

Growing Dividend: 0RVE's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.7%), 0RVE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 0RVE's dividends in 3 years are forecast to be well covered by earnings (49.6% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Anas Abuzaakouk (42yo)

€5,247,000

Compensation

Mr. Anas Abuzaakouk serves as Chief Executive Officer at BAWAG Group AG and also has been its Chairman of the Managing Board since 19 August 2017. Mr. Abuzaakouk is Chairman of the Supervisory Board at eas ...


CEO Compensation Analysis

Compensation vs Market: Anas's total compensation ($USD0.00) is below average for companies of similar size in the UK market ($USD2.33M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Anas Abuzaakouk
Chairman of the Managing Board & CEO0yrs€5.25mno data
Enver Sirucic
CFO & Member of Management Board0yrs€1.18mno data
Stefan Barth
Chief Risk Officer & Member of Managing Board2.5yrs€1.91mno data
Satyen Shah
Member of Management Board2.5yrs€4.35mno data
David O'Leary
Head of BAWAG P.S.K. Retail & Member of the Managing Board2.5yrs€2.78mno data
Andrew Wise
Chief Investment Officer2.8yrs€3.46mno data
Jutta Wimmer
Head of Investor Relations0yrsno datano data
Manfred Rapolter
Head of Communications0yrsno datano data

2.5yrs

Average Tenure

42yo

Average Age

Experienced Management: 0RVE's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kim Fennebresque
Deputy Chairman of the Supervisory Board0.2yrsno datano data
Ingrid Streibel -Zarfl
Supervisory Board Member of Works Council Delegate2.3yrsno datano data
Rainer Wimmer
Member of Economic Advisory Board0yrsno datano data
Anton Wais
Member of Economic Advisory Board0yrsno datano data
Heinz Sundt
Member of Economic Advisory Board0yrsno datano data
Willibald Stienkellner
Member of Economic Advisory Board0yrsno datano data
Vagn Sorensen
Member of Economic Advisory Board0yrsno datano data
Frederick Haddad
Member of Supervisory Board2.5yrsno datano data
Egbert Fleischer
Supervisory Board Chairman0.2yrsno datano data
Adam Rosmarin
Member of Supervisory Board2.4yrsno datano data

2.3yrs

Average Tenure

62yo

Average Age

Experienced Board: 0RVE'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

BAWAG Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BAWAG Group AG
  • Ticker: 0RVE
  • Exchange: LSE
  • Founded: 2005
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €3.864b
  • Shares outstanding: 87.94m
  • Website: https://www.bawaggroup.com

Number of Employees


Location

  • BAWAG Group AG
  • Wiedner Gürtel 11
  • Vienna
  • Vienna
  • 1100
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BGWBAG (Wiener Boerse AG)YesOrdinary SharesATEUROct 2017
0B2DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2017
BGVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2017
0B2BST (Boerse-Stuttgart)YesOrdinary SharesDEEUROct 2017
0RVELSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2017
BWAG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2017

Biography

BAWAG Group AG operates as a holding company for BAWAG P.S.K. that provides various banking products and services in Western Europe, Central and Eastern Europe, North America, and internationally. The company operates through BAWAG P.S.K. Retail, easygroup, Südwestbank, DACH Corporates & Public Sector, International Business, and Treasury Services & Markets segments. It offers deposit accounts, current and savings accounts, and building society savings products; and consumer and housing loans, and small business loans, as well as corporate, international real estate, and portfolio lending services. The company also provides payment services, credit cards, investment and insurance services, real estate leasing services, and refinancing services, as well as auto and mobile leasing platforms. In addition, it supports clients in cross-border activities, including selective client relationships in neighboring countries; and offers trading and investment services, such as asset-liability management transactions, including secured and unsecured funding. BAWAG Group AG serves private, small business, and corporate customers through a managed branch network, as well as through its online and mobile sales channels supported by its customer care center. The company was founded in 2005 and is headquartered in Vienna, Austria. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 23:18
End of Day Share Price2020/02/20 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.