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BGEO

Bank of Georgia Group LSE:BGEO Stock Report

Last Price

UK£14.58

Market Cap

UK£686.9m

7D

-1.2%

1Y

8.8%

Updated

24 Jun, 2022

Data

Company Financials +
BGEO fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends4/6

BGEO Stock Overview

Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia.

Bank of Georgia Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Bank of Georgia Group
Historical stock prices
Current Share PriceUK£14.58
52 Week HighUK£16.96
52 Week LowUK£9.60
Beta1.37
1 Month Change-0.82%
3 Month Change23.56%
1 Year Change8.81%
3 Year Change-2.67%
5 Year Changen/a
Change since IPO-55.70%

Recent News & Updates

Shareholder Returns

BGEOGB BanksGB Market
7D-1.2%3.8%2.3%
1Y8.8%2.5%-8.6%

Return vs Industry: BGEO exceeded the UK Banks industry which returned 0.7% over the past year.

Return vs Market: BGEO exceeded the UK Market which returned -10.4% over the past year.

Price Volatility

Is BGEO's price volatile compared to industry and market?
BGEO volatility
BGEO Average Weekly Movement5.7%
Banks Industry Average Movement5.5%
Market Average Movement5.5%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.8%

Stable Share Price: BGEO is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BGEO's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20177,908Archil Gachechiladzehttps://www.bankofgeorgiagroup.com

Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through three segments: Retail Banking, Corporate and Investment Banking, and BNB. The Retail Banking segment offers consumer loans, mortgage loans, overdrafts, credit cards, and other credit facilities; funds transfer and settlement services; and customers’ deposits for individuals and legal entities under the Express, Bank of Georgia, MSME, and SOLO brands.

Bank of Georgia Group Fundamentals Summary

How do Bank of Georgia Group's earnings and revenue compare to its market cap?
BGEO fundamental statistics
Market CapGEL2.48b
Earnings (TTM)GEL825.31m
Revenue (TTM)GEL1.53b

3.0x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BGEO income statement (TTM)
RevenueGEL1.53b
Cost of RevenueGEL40.26m
Gross ProfitGEL1.49b
Other ExpensesGEL666.00m
EarningsGEL825.31m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)17.52
Gross Margin97.37%
Net Profit Margin53.89%
Debt/Equity Ratio186.1%

How did BGEO perform over the long term?

See historical performance and comparison

Dividends

8.9%

Current Dividend Yield

22%

Payout Ratio

Does BGEO pay a reliable dividends?

See BGEO dividend history and benchmarks
When do you need to buy BGEO by to receive an upcoming dividend?
Bank of Georgia Group dividend dates
Ex Dividend DateJun 30 2022
Dividend Pay DateJul 14 2022
Days until Ex dividend5 days
Days until Dividend pay date19 days

Does BGEO pay a reliable dividends?

See BGEO dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is BGEO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BGEO?

Other financial metrics that can be useful for relative valuation.

BGEO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does BGEO's PE Ratio compare to its peers?

BGEO PE Ratio vs Peers
The above table shows the PE ratio for BGEO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average3.4x

Price-To-Earnings vs Peers: BGEO is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (3.4x).


Price to Earnings Ratio vs Industry

How does BGEO's PE Ratio compare vs other companies in the Banks Industry?

Price-To-Earnings vs Industry: BGEO is good value based on its Price-To-Earnings Ratio (3x) compared to the UK Banks industry average (4.6x)


Price to Earnings Ratio vs Fair Ratio

What is BGEO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BGEO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: BGEO is good value based on its Price-To-Earnings Ratio (3x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).


Share Price vs Fair Value

What is the Fair Price of BGEO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BGEO (£14.58) is trading below our estimate of fair value (£103.99)

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


Price to Earnings Growth Ratio

PEG Ratio: BGEO is good value based on its PEG Ratio (0.4x)


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Future Growth

How is Bank of Georgia Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BGEO's forecast earnings growth (7.4% per year) is above the savings rate (0.9%).

Earnings vs Market: BGEO's earnings (7.4% per year) are forecast to grow slower than the UK market (10.9% per year).

High Growth Earnings: BGEO's earnings are forecast to grow, but not significantly.

Revenue vs Market: BGEO's revenue (12.3% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: BGEO's revenue (12.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BGEO's Return on Equity is forecast to be high in 3 years time (22%)


Discover growth companies

Past Performance

How has Bank of Georgia Group performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BGEO has high quality earnings.

Growing Profit Margin: BGEO's current net profit margins (53.9%) are higher than last year (51.1%).


Past Earnings Growth Analysis

Earnings Trend: BGEO's earnings have grown by 17.3% per year over the past 5 years.

Accelerating Growth: BGEO's earnings growth over the past year (55.3%) exceeds its 5-year average (17.3% per year).

Earnings vs Industry: BGEO earnings growth over the past year (55.3%) underperformed the Banks industry 88.4%.


Return on Equity

High ROE: Whilst BGEO's Return on Equity (25.31%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Bank of Georgia Group's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

5/6

Financial Health Score 5/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BGEO's Assets to Equity ratio (7.4x) is low.

Allowance for Bad Loans: BGEO has a sufficient allowance for bad loans (104%).

Low Risk Liabilities: 69% of BGEO's liabilities are made up of primarily low risk sources of funding.

Loan Level: BGEO has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: BGEO's Loans to Deposits ratio (112%) is appropriate.

Level of Bad Loans: BGEO has a high level of bad loans (2.6%).


Discover healthy companies

Dividend

What is Bank of Georgia Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.86%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 25 2022Ex Dividend DateJun 30 2022Dividend Pay DateJul 14 202214 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BGEO's dividend (8.86%) is higher than the bottom 25% of dividend payers in the UK market (1.92%).

High Dividend: BGEO's dividend (8.86%) is in the top 25% of dividend payers in the UK market (5.23%)


Stability and Growth of Payments

Stable Dividend: BGEO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BGEO's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (21.9%), BGEO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BGEO's dividends in 3 years are forecast to be well covered by earnings (38.1% payout ratio).


Discover strong dividend paying companies

Management

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

3.3yrs

Average management tenure


CEO

Archil Gachechiladze (41 yo)

3.42yrs

Tenure

GEL12,040,154

Compensation

Mr. Archil Gachechiladze, CFA, has been Chief Executive Officer and Executive Director of JSC Bank of Georgia since January 28, 2019. He serves as CEO of Bank of Georgia at Georgia Capital PLC. Mr. Gachech...


CEO Compensation Analysis

Compensation vs Market: Archil's total compensation ($USD4.10M) is above average for companies of similar size in the UK market ($USD1.34M).

Compensation vs Earnings: Archil's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BGEO's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: BGEO's board of directors are considered experienced (4.3 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bank of Georgia Group PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Georgia Group PLC
  • Ticker: BGEO
  • Exchange: LSE
  • Founded: 2017
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: UK£686.938m
  • Shares outstanding: 47.12m
  • Website: https://www.bankofgeorgiagroup.com

Number of Employees


Location

  • Bank of Georgia Group PLC
  • 42 Brook Street
  • London
  • Greater London
  • W1K 5DB
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.