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Barclays

LSE:BARC
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BARC
LSE
£29B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The last earnings update was 62 days ago. More info.


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BARC Share Price and Events
7 Day Returns
-1.5%
LSE:BARC
0%
GB Banks
1.5%
GB Market
1 Year Returns
-21.9%
LSE:BARC
-9.9%
GB Banks
2.1%
GB Market
BARC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Barclays (BARC) -1.5% 7% 2.3% -21.9% -4.8% -34%
GB Banks 0% 7.6% 6.2% -9.9% 15.3% -12.2%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • BARC underperformed the Banks industry which returned -9.9% over the past year.
  • BARC underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
BARC
Industry
5yr Volatility vs Market

Value

 Is Barclays 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 Barclays 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 Barclays.

LSE:BARC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 13 analysts.
= Stable Book Value * Return on Equity
= £3.48 * 7.2%
£0.25
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. £3.48
Discount Rate (Cost of Equity) See below 14.5%
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:BARC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
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- 19%) (1835.78%))
6.658
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 * 6.65%)
14.53%

Discounted Cash Flow Calculation for LSE:BARC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Barclays 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:BARC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.2% – 14.53%) * £3.48)
£-0.26
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £-0.26 / (14.53% - 1.23%)
£-1.93
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £3.48 + £-1.93
£1.56
LSE:BARC Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.56
Current discount Discount to share price of £1.66
= -1 x (£1.66 - £1.56) / £1.56
-6.9%

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

  • The current share price of Barclays 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 Barclays's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Barclays's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:BARC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.09
LSE:BARC Share Price ** LSE (2019-04-24) in GBP £1.66
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

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

** Primary Listing of Barclays.

LSE:BARC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:BARC Share Price ÷ EPS (both in GBP)

= 1.66 ÷ 0.09

17.79x

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

  • Barclays is overvalued based on earnings compared to the GB Banks industry average.
  • Barclays is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Barclays's expected growth come at a high price?
Raw Data
LSE:BARC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
24.3%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.79x ÷ 24.3%

0.73x

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

  • Barclays is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Barclays's assets?
Raw Data
LSE:BARC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £3.65
LSE:BARC Share Price * LSE (2019-04-24) in GBP £1.66
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:BARC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:BARC Share Price ÷ Book Value per Share (both in GBP)

= 1.66 ÷ 3.65

0.46x

* Primary Listing of Barclays.

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

  • Barclays is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Barclays'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. Barclays has a total score of 2/6, 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 Barclays expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

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
24.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Barclays expected to grow at an attractive rate?
  • Barclays's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Barclays's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Barclays's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:BARC Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:BARC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 24.3%
LSE:BARC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 5%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
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:BARC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:BARC Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 22,998 4,448 2
2021-12-31 23,245 4,413 17
2020-12-31 22,475 4,027 17
2019-12-31 21,606 3,612 18
LSE:BARC Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 19,668 -15,465 1,597
2018-09-30 19,869 366
2018-06-30 19,458 34,341 -72
2018-03-31 18,701 -1,160
2017-12-31 18,927 55,473 587
2017-09-30 19,055 2,021
2017-06-30 19,890 -19,710 1,642
2017-03-31 20,516 2,215
2016-12-31 19,818 -31,695 1,562
2016-09-30 17,820 -1,242
2016-06-30 17,713 52,308 -1,064
2016-03-31 18,479 -691

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Barclays's earnings are expected to grow significantly at over 20% yearly.
  • Barclays's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
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:BARC 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 18 Analyst Estimates (S&P Global) See Below

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

LSE:BARC Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.26 0.26 0.25 2.00
2021-12-31 0.26 0.33 0.21 12.00
2020-12-31 0.24 0.30 0.20 13.00
2019-12-31 0.21 0.25 0.18 13.00
LSE:BARC Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.09
2018-09-30 0.02
2018-06-30 0.00
2018-03-31 -0.07
2017-12-31 0.03
2017-09-30 0.12
2017-06-30 0.10
2017-03-31 0.13
2016-12-31 0.09
2016-09-30 -0.08
2016-06-30 -0.06
2016-03-31 -0.04

*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.
  • Barclays is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Barclays'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.
Barclays has a total score of 4/6, 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 Barclays 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 Barclays'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.
  • Barclays's year on year earnings growth rate has been positive over the past 5 years.
  • Barclays's 1-year earnings growth exceeds its 5-year average (172.1% vs 10.5%)
  • Barclays's earnings growth has exceeded the GB Banks industry average in the past year (172.1% vs 42.2%).
Earnings and Revenue History
Barclays'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 Barclays Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BARC Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 19,668.00 1,597.00 14,027.00
2018-09-30 19,869.00 366.00 14,676.00
2018-06-30 19,458.00 -72.00 14,676.00
2018-03-31 18,701.00 -1,160.00 14,676.00
2017-12-31 18,927.00 587.00 14,169.00
2017-09-30 19,055.00 2,021.00 15,243.00
2017-06-30 19,890.00 1,642.00 7,894.00
2017-03-31 20,516.00 2,215.00 15,243.00
2016-12-31 19,818.00 1,562.00 14,876.00
2016-09-30 17,820.00 -1,242.00 14,704.00
2016-06-30 17,713.00 -1,064.00 13,156.00
2016-03-31 18,479.00 -691.00 14,704.00
2015-12-31 19,641.00 -626.00 14,704.00
2015-09-30 20,254.00 194.00 2,943.00
2015-06-30 21,102.00 185.00 16,922.00
2015-03-31 21,231.00 -693.00 13,104.00
2014-12-31 19,008.00 -453.00 15,671.00
2014-09-30 24,193.00 1,033.00 17,509.00
2014-06-30 23,690.00 1,014.00 19,221.00
2014-03-31 24,260.00 715.00 18,196.00
2013-12-31 24,870.00 540.00 19,571.00
2013-09-30 21,002.00 -3,609.00 33,862.00
2013-06-30 24,014.00 -101.00 17,898.00
2013-03-31 23,788.00 552.00 23,014.00
2013-01-01 21,697.00 -624.00 18,545.00
2012-09-30 27,507.00 3,306.00 18,348.00
2012-06-30 23,134.00 1,657.00 17,977.00

*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.
  • Barclays has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Barclays used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Barclays 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 Barclays'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.
Barclays 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 Barclays'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 Barclays'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 Barclays Company Filings, last reported 3 months ago.

LSE:BARC Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 63,779.00 526,221.00 648,294.00
2018-09-30 65,282.00 559,864.00 513,515.00
2018-06-30 63,168.00 555,682.00 506,479.00
2018-03-31 61,630.00 564,736.00 489,448.00
2017-12-31 66,016.00 545,097.00 650,366.00
2017-09-30 67,045.00 531,175.00 627,203.00
2017-06-30 66,263.00 525,234.00 601,821.00
2017-03-31 71,366.00 514,430.00 585,130.00
2016-12-31 71,365.00 459,562.00 547,269.00
2016-09-30 70,120.00 633,000.00 677,808.00
2016-06-30 69,420.00 670,655.00 691,805.00
2016-03-31 68,368.00 599,508.00 608,011.00
2015-12-31 65,864.00 439,904.00 515,278.00
2015-09-30 68,075.00 603,809.00 592,758.00
2015-06-30 65,575.00 574,529.00 565,839.00
2015-03-31 67,088.00 767,151.00 755,517.00
2014-12-31 65,958.00 728,023.00 760,230.00
2014-09-30 66,528.00 708,402.00 717,179.00
2014-06-30 65,025.00 665,551.00 678,013.00
2014-03-31 64,885.00 700,211.00 711,408.00
2013-12-31 63,949.00 652,254.00 747,016.00
2013-09-30 58,214.00 690,064.00 768,657.00
2013-06-30 60,137.00 781,251.00 870,798.00
2013-03-31 61,431.00 851,185.00 936,132.00
2013-01-01 59,986.00 841,708.00 926,074.00
2012-09-30 63,708.00 960,889.00 954,060.00
2012-06-30 63,690.00 995,096.00 1,006,890.00
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.
  • Barclays has an acceptable proportion of non-loan assets held.
  • Barclays's liabilities are made up of primarily higher risk sources of funding.
  • Loans at Barclays are broadly funded by customer deposits.
  • Barclays's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Barclays has a low allowance for bad loans.
  • Barclays has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Barclays'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. Barclays has a total score of 3/6, 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 Barclays'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
4.81%
Current annual income from Barclays dividends. Estimated to be 5.04% next year.
If you bought £2,000 of Barclays shares you are expected to receive £96 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?
  • Barclays's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Barclays's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.14%).
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:BARC 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 18 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 4.1%
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:BARC Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.10 3.00
2021-12-31 0.09 19.00
2020-12-31 0.08 20.00
2019-12-31 0.07 20.00
LSE:BARC Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-02-21 0.080 4.928
2018-02-22 0.030 1.660
2017-07-28 0.030 1.542
2017-02-23 0.040 1.873
2016-10-27 0.020 0.910
2016-07-29 0.020 1.194
2016-03-01 0.030 1.874
2015-03-03 0.065 2.756
2014-03-14 0.065 2.782
2014-03-03 0.065 2.674
2014-02-11 0.065 2.536
2013-02-12 0.065 2.272
2012-07-27 0.040 1.725
2012-02-10 0.060 2.971
2011-08-02 0.040 2.265
2011-03-21 0.055 2.094
2011-02-15 0.055 1.782
2010-11-09 0.040 1.416
2010-08-05 0.040 1.319
2010-04-30 0.040 1.327
2010-03-19 0.030 0.828
2010-02-16 0.030 0.912
2009-11-10 0.020 0.686
2009-05-07 0.000 0.000

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

  • Barclays has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Barclays only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Barclays's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Barclays'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 Barclays afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Barclays 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 Barclays'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
Jes Staley
COMPENSATION £3,362,000
AGE 62
TENURE AS CEO 3.3 years
CEO Bio

Mr. James Edward Staley, also known as Jes, has been Group Chief Executive Officer of Barclays Plc since December 1, 2015 and has been its Interim Chief Executive Officer of Barclays Bank PLC since April 1, 2019. He served as Group Chief Executive Officer of Barclays Bank PLC since December 1, 2015 until January 31, 2019. Mr. Staley was Managing Partner of BlueMountain Capital Management LLC since February 2013. He joined BlueMountain Capital Management in 2013. He has nearly four decades of extensive experience in banking and financial services. He is a member of the Institute of International Finance. He spent over 30 years at J.P. Morgan Chase & Co. Mr. Staley was the Chairman and Chief Executive Officer of Corporate & Investment Bank at it since September 2009. He also served as the Head of JPMorgan Fleming Asset Management, Head of JPMorgan Private Bank and Head of JPMorgan Invest at JPMorgan Chase & Co. at different points in time. Mr. Staley served as the Chief Executive Officer of The Investment Bank at JPMorgan Cazenove Limited. He served as the Chief Executive Officer at J.P. Morgan Asset Management, Inc. from 2001 to September 2009. He worked in J.P. Morgan Asset Management's Latin America division from 1980 to 1989, where he served as the Head of Corporate Finance and General Manager for Brazil for eight years. He was one of the founding members of J.P. Morgan's equities business and headed its Equity Capital Markets division. He began his career at Morgan Guaranty Trust Co. of New York in 1979. Mr. Staley has been an Executive Director at Barclays PLC since December 1, 2015. He served as Executive Director of Barclays Bank PLC from December 1, 2015 until January 31, 2019. He serves as a Director of the Robin Hood Foundation, Council on Foreign Relations and Code Advisors. He is on the Board of Trustees of Bowdoin College. Mr. Staley is also a Member of the Advisory Council of American Museum of Natural History. He served as a Director at UBS Group AG from May 7, 2015 to January 1, 2016. He holds a BA in Economics from Bowdoin College.

CEO Compensation
  • Jes's compensation has been consistent with company performance over the past year.
  • Jes's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Barclays management team in years:

2.9
Average Tenure
53.5
Average Age
  • The tenure for the Barclays management team is about average.
Management Team

Jes Staley

TITLE
Group CEO
COMPENSATION
£3M
AGE
62
TENURE
3.3 yrs

Tushar Morzaria

TITLE
Group Finance Director & Executive Director
COMPENSATION
£3M
AGE
49
TENURE
5.5 yrs

Paul Compton

TITLE
Group Chief Operating Officer
AGE
54
TENURE
2.9 yrs

Arne Hassel

TITLE
Chief Investment Officer
TENURE
3.6 yrs

Alisdair Gayne

TITLE
Head of UK Investment Banking
TENURE
2.4 yrs

Mark Ashton-Rigby

TITLE
Chief Information Officer
TENURE
2.7 yrs

Adam Kelleher

TITLE
Chief Data Scientist for Research & Director
TENURE
0.9 yrs

Kathryn McLeland

TITLE
Head of Investor Relations & Group Treasurer

Bob Hoyt

TITLE
Group General Counsel
AGE
53
TENURE
5.7 yrs

Laura Padovani

TITLE
Group Chief Compliance Officer
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Barclays board of directors in years:

5.5
Average Tenure
62
Average Age
  • The tenure for the Barclays board of directors is about average.
Board of Directors

John McFarlane

TITLE
Group Chairman
COMPENSATION
£801K
AGE
71
TENURE
4 yrs

Jes Staley

TITLE
Group CEO
COMPENSATION
£3M
AGE
62
TENURE
3.3 yrs

Tushar Morzaria

TITLE
Group Finance Director & Executive Director
COMPENSATION
£3M
AGE
49
TENURE
5.5 yrs

Zhi Zhong Qiu

TITLE
Chairman of Investment Banking Unit - Greater China and Asia-Pacific Vice Chairman
AGE
63
TENURE
9.8 yrs

Carlos de Campos

TITLE
Chairman of BB SAU

Mark Merson

TITLE
Non Executive Director of Barlclays Africa Group
AGE
49

Tim Breedon

TITLE
Non-Executive Director
COMPENSATION
£225K
AGE
60
TENURE
6.4 yrs

Mike Ashley

TITLE
Non-Executive Director
COMPENSATION
£215K
AGE
63
TENURE
5.6 yrs

Crawford Gillies

TITLE
Senior Independent Director
COMPENSATION
£222K
AGE
62
TENURE
1 yrs

Reuben Jeffery

TITLE
Non-Executive Director
COMPENSATION
£120K
AGE
65
TENURE
9.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Barclays insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
08. Feb 19 Buy Sherborne Investors Management LP Company 10. Dec 18 08. Feb 19 140,454,539 £1.65 £222,338,244
01. Mar 19 Sell Robert Hoyt Individual 28. Feb 19 28. Feb 19 -50,000 £1.63 £-81,660
26. Feb 19 Buy Michael Ashley Individual 22. Feb 19 22. Feb 19 6,376 £1.58 £10,091
26. Feb 19 Buy Dambisa Moyo Individual 22. Feb 19 22. Feb 19 6,371 £1.58 £10,083
26. Feb 19 Buy Matthew Lester Individual 22. Feb 19 22. Feb 19 6,434 £1.58 £10,183
26. Feb 19 Buy Crawford Gillies Individual 22. Feb 19 22. Feb 19 6,197 £1.58 £9,808
26. Feb 19 Buy Diane Schueneman Individual 22. Feb 19 22. Feb 19 9,289 £1.58 £14,702
26. Feb 19 Buy Mary Citrino Individual 22. Feb 19 22. Feb 19 6,616 £1.58 £10,471
26. Feb 19 Buy Mary Francis Individual 22. Feb 19 22. Feb 19 6,211 £1.58 £9,830
26. Feb 19 Buy Timothy Breedon Individual 22. Feb 19 22. Feb 19 6,473 £1.58 £10,245
26. Feb 19 Buy Ian Cheshire Individual 22. Feb 19 22. Feb 19 5,942 £1.58 £9,404
26. Feb 19 Buy Michael Turner Individual 22. Feb 19 22. Feb 19 6,613 £1.58 £10,466
26. Feb 19 Buy Reuben Jeffery Individual 22. Feb 19 22. Feb 19 6,590 £1.58 £10,430
26. Feb 19 Buy Gerald Grimstone Individual 22. Feb 19 22. Feb 19 6,332 £1.58 £10,022
26. Feb 19 Buy John McFarlane Individual 22. Feb 19 22. Feb 19 20,140 £1.58 £31,876
21. Dec 18 Buy Michael Ashley Individual 21. Dec 18 21. Dec 18 33,890 £1.48 £50,001
05. Oct 18 Sell Barclays Bank PLC, Securities Investments Company 04. Oct 18 04. Oct 18 -137,292 £8.97 £-1,227,857
05. Oct 18 Buy Barclays Bank PLC, Securities Investments Company 04. Oct 18 04. Oct 18 26,110 £8.97 £233,752
05. Oct 18 Sell Barclays Bank PLC, Securities Investments Company 04. Oct 18 04. Oct 18 -540 £137.67 £-74,344
05. Oct 18 Buy Barclays Bank PLC, Securities Investments Company 04. Oct 18 04. Oct 18 500 £137.24 £68,619
01. Oct 18 Buy Robert Hoyt Individual 28. Sep 18 28. Sep 18 136,525 £1.74 £237,499
01. Oct 18 Buy Tushar Morzaria Individual 28. Sep 18 28. Sep 18 118,561 £1.74 £206,249
01. Oct 18 Buy Ashok Vaswani Individual 28. Sep 18 28. Sep 18 100,597 £1.74 £174,999
01. Oct 18 Buy James Staley Individual 28. Sep 18 28. Sep 18 168,860 £1.74 £293,749
14. Aug 18 Buy Michael Ashley Individual 10. Aug 18 10. Aug 18 3,793 £1.90 £7,192
14. Aug 18 Buy Dambisa Moyo Individual 10. Aug 18 10. Aug 18 3,797 £1.90 £7,199
14. Aug 18 Buy Matthew Lester Individual 10. Aug 18 10. Aug 18 3,731 £1.90 £7,074
14. Aug 18 Buy Crawford Gillies Individual 10. Aug 18 10. Aug 18 3,694 £1.90 £7,004
14. Aug 18 Buy Diane Schueneman Individual 10. Aug 18 10. Aug 18 5,505 £1.90 £10,437
14. Aug 18 Buy Mary Francis Individual 10. Aug 18 10. Aug 18 3,669 £1.90 £6,956
14. Aug 18 Buy Timothy Breedon Individual 10. Aug 18 10. Aug 18 3,859 £1.90 £7,317
14. Aug 18 Buy Ian Cheshire Individual 10. Aug 18 10. Aug 18 3,565 £1.90 £6,759
14. Aug 18 Buy Michael Turner Individual 10. Aug 18 10. Aug 18 3,929 £1.90 £7,449
14. Aug 18 Buy Reuben Jeffery Individual 10. Aug 18 10. Aug 18 4,192 £1.90 £7,948
14. Aug 18 Buy Gerald Grimstone Individual 10. Aug 18 10. Aug 18 3,747 £1.90 £7,104
14. Aug 18 Buy John McFarlane Individual 10. Aug 18 10. Aug 18 12,010 £1.90 £22,771
06. Aug 18 Buy Michael Turner Individual 03. Aug 18 03. Aug 18 50,000 £1.90 £94,960
19. Jun 18 Buy Robert Hoyt Individual 18. Jun 18 18. Jun 18 121,533 £1.95 £237,500
19. Jun 18 Buy Tushar Morzaria Individual 18. Jun 18 18. Jun 18 105,541 £1.95 £206,248
19. Jun 18 Buy Ashok Vaswani Individual 18. Jun 18 18. Jun 18 89,550 £1.95 £174,999
19. Jun 18 Buy James Staley Individual 18. Jun 18 18. Jun 18 150,317 £1.95 £293,750
14. May 18 Sell Robert Hoyt Individual 11. May 18 11. May 18 -30,000 £2.14 £-64,155
X
Management checks
We assess Barclays'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. Barclays 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

Imagine Owning Barclays (LON:BARC) And Wondering If The 31% Share Price Slide Is Justified

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … That would generally be considered a positive, so we are surprised to see the share price is down. … Other metrics may better explain the share price move.

Simply Wall St -

Have Insiders Been Buying Barclays PLC (LON:BARC) Shares?

In the last twelve months, the biggest single sale by an insider was when Ashok Vaswani sold UK£732k worth of shares at a price of UK£2.06 per share. … Over the last year, we can see that insiders have bought 1.23m shares worth UK£2.2m. … In total, Barclays insiders bought more than they sold over the last year

Simply Wall St -

What Makes Barclays PLC (LON:BARC) A Hard Investment?

As these large financial institutions revert back to health after the Global Financial Crisis, we are seeing an increase in market confidence, and understanding of, these “too-big-to-fail” banking stocks. … The recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry. … We should we cautious when it comes to investing in financial stocks due to the various risks large banks tend to face.

Simply Wall St -

Are You Considering All The Risks For Barclays PLC’s (LON:BARC)?

Barclays PLC (LON:BARC) is a large, commercial bank with a market capitalisation of UK£27b. … The biggest risk most large banks face is credit risk, measured by the level of bad debt it writes off. … During the Global Financial Crisis, large financial institutions with commercial banking arms lost billions of dollars in equity due to their lending portfolios’ exposure to the turbulent credit market.

Simply Wall St -

How Should Investors Feel About Barclays PLC's (LON:BARC) CEO Pay?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Jes Staley's Compensation Compare With Similar Sized Companies. … We looked at a group of companies with market capitalizations over UK£6.1b and the median CEO compensation was UK£4m.

Simply Wall St -

Why These Fundamentals Make Barclays PLC’s (LON:BARC) More Attractive

As these large financial institutions revert back to health after the Global Financial Crisis, we are seeing an increase in market confidence, and understanding of, these “too-big-to-fail” banking stocks. … The recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry. … We should we cautious when it comes to investing in financial stocks due to the various risks large banks tend to face.

Simply Wall St -

Should You Be Concerned About Barclays PLC’s (LON:BARC) Risk Exposure?

A common risk large financial institutions face is credit risk, measured by the level of bad debt it writes off. … During the GFC, large banks with risky lending portfolios exposed to the volatile credit market lost billions of dollars’ worth of shareholder equity. … Now we will analyse financial metrics focused on bad debt and liabilities in order to gain insights into Barclays’s lending practices and better understand its operational risks.

Simply Wall St -

Know This Before Buying Barclays PLC (LON:BARC) For Its Dividend

Historically, Barclays PLC (LON:BARC) has paid a dividend to shareholders. … Let's dig deeper into whether Barclays should have a place in your portfolio. … Check out our latest analysis for Barclays

Simply Wall St -

How Should Investors Feel About Barclays PLC's (LON:BARC) CEO Pay?

Leading Barclays PLC (LON:BARC) as the CEO, Jes Staley took the company to a valuation of UK£31.79b. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.

Simply Wall St -

Should You Be Concerned About Barclays PLC’s (LON:BARC) Liquidity?

As these large financial institutions revert back to health after the Global Financial Crisis, we are seeing an increase in market confidence, and understanding of, these “too-big-to-fail” banking stocks. … The recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry. … Investors should be more cautious when it comes to financial stocks given the different type of risk to which they are exposed.

Simply Wall St -

Company Info

Description

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. The company also engages in securities dealing activities; and issues credit cards. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom.

Details
Name: Barclays PLC
BARC
Exchange: LSE
Founded: 1690
£28,664,653,059
17,228,424,726
Website: http://www.home.barclays
Address: Barclays PLC
1 Churchill Place,
London,
Greater London, E14 5HP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE BARC Ordinary Shares London Stock Exchange GB GBP 02. Jan 1980
OTCPK BCLY.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1980
DB BCY Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1980
XTRA BCY Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1980
SWX BARC Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1980
BATS-CHIXE BARCL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1980
NYSE BCS ADR-EACH CV INTO 4 ORD STK GBP0.25(JPM) New York Stock Exchange US USD 09. Sep 1986
DB BCY2 ADR-EACH CV INTO 4 ORD STK GBP0.25(JPM) Deutsche Boerse AG DE EUR 09. Sep 1986
BMV BCS N ADR-EACH CV INTO 4 ORD STK GBP0.25(JPM) Bolsa Mexicana de Valores MX MXN 09. Sep 1986
Number of employees
Current staff
Staff numbers
83,500
Barclays employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:55
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/02/21
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.