Bank of Georgia Group
Market Cap
UK£589.4m
Last Updated
2020/11/24 22:39 UTC
Data Sources
Company Financials +
Executive Summary
Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. More Details
Rewards
Risk Analysis
No risks detected for BGEO from our risk checks.
Snowflake Analysis
Undervalued with excellent balance sheet.
Similar Companies
Share Price & News
How has Bank of Georgia Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
6.3%
BGEO
7.0%
GB Banks
0.9%
GB Market
1 Year Return
-10.3%
BGEO
-28.1%
GB Banks
-9.1%
GB Market
Return vs Industry: BGEO exceeded the UK Banks industry which returned -31.2% over the past year.
Return vs Market: BGEO matched the UK Market which returned -10.2% over the past year.
Shareholder returns
| BGEO | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.3% | 7.0% | 0.9% |
| 30 Day | 35.9% | 27.6% | 9.2% |
| 90 Day | 35.1% | 26.8% | 6.6% |
| 1 Year | -10.3%-10.3% | -27.9%-28.1% | -5.5%-9.1% |
| 3 Year | n/a | -34.1%-40.5% | 1.4%-11.0% |
| 5 Year | n/a | -19.7%-32.9% | 26.5%-2.2% |
Long-Term Price Volatility Vs. Market
How volatile is Bank of Georgia Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
A Look At Bank of Georgia Group's (LON:BGEO) Share Price Returns8 months ago | Simply Wall St
Investors Who Bought Bank of Georgia Group (LON:BGEO) Shares A Year Ago Are Now Down 28%9 months ago | Simply Wall St
Does Bank of Georgia Group PLC (LON:BGEO) Have A Place In Your Dividend Portfolio?Valuation
Is Bank of Georgia Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BGEO (£12.5) is trading below our estimate of fair value (£27.1)
Significantly Below Fair Value: BGEO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BGEO is good value based on its PE Ratio (8.2x) compared to the GB Banks industry average (10.8x).
PE vs Market: BGEO is good value based on its PE Ratio (8.2x) compared to the UK market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: BGEO is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: BGEO is overvalued based on its PB Ratio (1.1x) compared to the GB Banks industry average (0.5x).
Next Steps
Future Growth
How is Bank of Georgia Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
22.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BGEO's forecast earnings growth (22.5% per year) is above the savings rate (1.2%).
Earnings vs Market: BGEO's earnings (22.5% per year) are forecast to grow slower than the UK market (26.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BGEO's revenue (13.1% per year) is forecast to grow faster than the UK market (6.7% per year).
High Growth Revenue: BGEO's revenue (13.1% 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 low in 3 years time (19.2%).
Next Steps
Past Performance
How has Bank of Georgia Group performed over the past 5 years?
4.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BGEO has high quality earnings.
Growing Profit Margin: BGEO's current net profit margins (38.4%) are lower than last year (47.6%).
Past Earnings Growth Analysis
Earnings Trend: BGEO's earnings have grown by 4.8% per year over the past 5 years.
Accelerating Growth: BGEO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BGEO had negative earnings growth (-30.3%) over the past year, making it difficult to compare to the Banks industry average (-25.7%).
Return on Equity
High ROE: BGEO's Return on Equity (13.5%) is considered low.
Next Steps
Financial Health
How is Bank of Georgia 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
Financial Institutions Analysis
Asset Level: BGEO's Assets to Equity ratio (8.9x) is low.
Allowance for Bad Loans: BGEO has a sufficient allowance for bad loans (124%).
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 (64%).
Low Risk Deposits: BGEO's Loans to Deposits ratio (105%) is appropriate.
Level of Bad Loans: BGEO has a high level of bad loans (3.9%).
Next Steps
Dividend
What is Bank of Georgia Group current dividend yield, its reliability and sustainability?
5.34%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BGEO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BGEO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BGEO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BGEO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BGEO is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BGEO's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Archil Gachechiladze (40 yo)
1.83yrs
Tenure
GEL3,347,419
Compensation
Mr. Archil Gachechiladze, CFA, has been Chief Executive Officer and Executive Director of JSC Bank of Georgia since January 28, 2019. Mr. Gachechiladze has been Chief Executive Officer and Director of Bank...
CEO Compensation Analysis
Compensation vs Market: Archil's total compensation ($USD9.60M) is above average for companies of similar size in the UK market ($USD1.04M).
Compensation vs Earnings: Archil's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.83yrs | GEL3.35m | no data | |
| Senior Advisor | 1.83yrs | GEL590.13k | 0% GEL 0 | |
| Deputy CEO & CFO | 1.5yrs | GEL1.15m | no data | |
| Deputy CEO & Chief Operating Officer | 3.17yrs | GEL967.29k | no data | |
| Group Head of Investment & Business Development | 3.58yrs | no data | no data | |
| Deputy CEO & Chief Information Officer | 2.67yrs | no data | no data | |
| Head of Investor Relations & Funding | no data | no data | no data | |
| Chief Marketing Officer | 1.5yrs | no data | no data | |
| Head of Customer Experience & Human Capital Management | 1.5yrs | no data | no data | |
| Deputy CEO & Chief Risk Officer | 7.17yrs | no data | no data | |
| Deputy CEO of Retail Banking (Emerging and Mass Retail & Micro Business Banking) | no data | GEL1.45m | no data | |
| Head of Istanbul | 6.92yrs | no data | no data |
2.3yrs
Average Tenure
46yo
Average Age
Experienced Management: BGEO's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.83yrs | GEL3.35m | no data | |
| Independent Non-Executive Director | 2.75yrs | GEL150.71k | no data | |
| Independent Non-Executive Director | 9.08yrs | GEL157.87k | no data | |
| Senior Independent Non-Executive Director | 2.75yrs | GEL181.40k | no data | |
| Independent Non-Executive Chairman | 9.08yrs | GEL313.90k | no data | |
| Independent Non-Executive Director | 6.92yrs | GEL161.38k | no data | |
| Independent Non-Executive Director | 2.08yrs | GEL125.47k | no data | |
| Independent Non-Executive Director | 2.75yrs | GEL157.87k | no data |
2.8yrs
Average Tenure
53.5yo
Average Age
Experienced Board: BGEO'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.
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 company bio, 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
- Market Cap: UK£589.352m
- Shares outstanding: 47.53m
- Website: https://bankofgeorgiagroup.com
Number of Employees
Location
- Bank of Georgia Group PLC
- 84 Brook Street
- London
- Greater London
- W1K 5EH
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BGEO | LSE (London Stock Exchange) | Yes | New Common Shares | GB | GBP | May 2018 |
| GEB | DB (Deutsche Boerse AG) | Yes | New Common Shares | DE | EUR | May 2018 |
| BGEOL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Common Shares | GB | GBP | May 2018 |
| BDGS.F | OTCPK (Pink Sheets LLC) | Yes | New Common Shares | US | USD | May 2018 |
Biography
Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through Retail Banking, Corporate and Investment Banking, BNB, and Other Banking ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 22:39 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.