Bank of Georgia Group
Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. The last earnings update was 22 days ago. More info.
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BGEO Share Price and Events
7 Day Returns
1 Year Returns
BGEO Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Bank of Georgia Group (BGEO) | -0.8% | 0.6% | 7.5% | - | - | - |
| GB Banks | 2.3% | 3.6% | 4.4% | -7.8% | 16.1% | -12.3% |
| GB Market | 1.9% | 3% | 7.9% | 2.5% | 15.6% | 6.8% |
1 Year Return vs Industry and Market
- No trading data on BGEO.
- No trading data on BGEO.
Value
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
Bank of Georgia Group
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank of Georgia Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity = GEL52.73 * 22.3% |
GEL11.74 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 6 analysts. | GEL52.73 |
| Discount Rate (Cost of Equity) | See below | 9.5% |
| 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.
| 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 | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 19%) (158.8%)) |
1.238 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.24 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.238 * 6.65%) |
9.46% |
Discounted Cash Flow Calculation for LSE:BGEO using Excess Returns Model Model
The calculations below outline how an intrinsic value for Bank of Georgia Group 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.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (22.3% – 9.46%) * GEL52.73) |
GEL6.75 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= GEL6.75 / (9.46% - 1.23%) |
GEL81.97 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= GEL52.73 + GEL81.97 |
GEL134.7 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | GEL/GBP
(Reporting currency to currency of LSE:BGEO) |
0.286 |
| Value per Share (GBP) |
= Value per Share in GEL x Exchange Rate (GEL/GBP)
= GEL134.7 x 0.286 |
£38.46 |
| Value per share (GBP) | From above. | £38.46 |
| Current discount | Discount to share price of
£16.66
= -1 x (£16.66 - £38.46) / £38.46 |
56.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Bank of Georgia Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Bank of Georgia Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Bank of Georgia Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Bank of Georgia Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in GEL | GEL8.30 |
| LSE:BGEO Share Price ** | LSE (2019-04-18) in GBP | £16.66 |
| LSE:BGEO Share Price converted to GEL reporting currency | Exchange rate (GBP/ GEL) 3.502 | GEL58.34 |
| United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio | Median Figure of 15 Publicly-Listed Banks Companies | 10.35x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 796 Publicly-Listed Companies | 16.29x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Bank of Georgia Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:BGEO Share Price ÷ EPS (both in GEL) = 58.34 ÷ 8.30 |
7.03x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bank of Georgia Group is good value based on earnings compared to the GB Banks industry average.
- Bank of Georgia Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Bank of Georgia Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.03x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
14%per year |
| United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio | Median Figure of 14 Publicly-Listed Banks Companies | 0.86x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 563 Publicly-Listed Companies | 1.47x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.03x ÷ 14% |
0.5x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bank of Georgia Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Bank of Georgia Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in GEL | GEL37.59 |
| LSE:BGEO Share Price * | LSE (2019-04-18) in GBP | £16.66 |
| LSE:BGEO Share Price converted to GEL reporting currency | Exchange rate (GBP/ GEL) 3.502 | GEL58.34 |
| 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 1,365 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:BGEO Share Price ÷ Book Value per Share (both in GEL) = 58.34 ÷ 37.59 |
1.55x |
* Primary Listing of Bank of Georgia Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bank of Georgia Group is overvalued based on assets compared to the GB Banks industry average.
Value checks
We assess Bank of Georgia Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Bank of Georgia Group has a total score of 5/6, 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
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!
Earnings growth vs Low Risk Savings
- Bank of Georgia Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- Bank of Georgia Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- Bank of Georgia Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:BGEO Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 14% |
| LSE:BGEO Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 12.4% |
| United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 12.6% |
| United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GEL Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 1,542 | 642 | 1 | |
| 2021-12-31 | 1,280 | 576 | 2 | |
| 2020-12-31 | 1,236 | 503 | 6 | |
| 2019-12-31 | 1,102 | 445 | 6 |
| Date (Data in GEL Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 894 | -286 | 361 |
| 2018-09-30 | 1,029 | 378 | |
| 2018-06-30 | 1,001 | -157 | 361 |
| 2018-03-31 | 955 | 397 | |
| 2017-12-31 | 745 | -656 | 339 |
| 2017-09-30 | 621 | 264 | |
| 2017-06-30 | 668 | 649 | 312 |
| 2017-03-31 | 689 | 327 | |
| 2016-12-31 | 611 | 921 | 266 |
| 2016-09-30 | 822 | 404 | |
| 2016-06-30 | 767 | 142 | 346 |
| 2016-03-31 | 739 | 322 |
*GAAP earnings excluding extraordinary items.
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 6 Analyst Estimates (S&P Global) | See Below |
All data from Bank of Georgia Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GEL Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | 11.62 | 11.62 | 11.62 | 1.00 |
| 2020-12-31 | 10.46 | 10.57 | 10.35 | 2.00 |
| 2019-12-31 | 8.96 | 8.96 | 8.96 | 1.00 |
| Date (Data in GEL Millions) | EPS * |
|---|---|
| 2018-12-31 | 8.30 |
| 2018-09-30 | 9.04 |
| 2018-06-30 | 9.20 |
| 2018-03-31 | 10.55 |
| 2017-12-31 | 8.99 |
| 2017-09-30 | 6.97 |
| 2017-06-30 | 8.22 |
| 2017-03-31 | 8.58 |
| 2016-12-31 | 6.96 |
| 2016-09-30 | 10.54 |
| 2016-06-30 | 9.03 |
| 2016-03-31 | 8.40 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Bank of Georgia Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- 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)
- 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)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Bank of Georgia Group 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 Bank of Georgia Group 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
Past Earnings growth analysis
- Bank of Georgia Group's year on year earnings growth rate has been positive over the past 5 years.
- Bank of Georgia Group's 1-year earnings growth is less than its 5-year average (6.6% vs 11.6%)
- Bank of Georgia Group's earnings growth has not exceeded the GB Banks industry average in the past year (6.6% vs 42.2%).
Earnings and Revenue History
All data from Bank of Georgia Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GEL Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 893.93 | 361.10 | 351.08 | |
| 2018-09-30 | 1,029.41 | 377.78 | 443.47 | |
| 2018-06-30 | 1,000.56 | 361.12 | 430.96 | |
| 2018-03-31 | 955.06 | 396.71 | 418.38 | |
| 2017-12-31 | 744.63 | 338.83 | 315.05 | |
| 2017-09-30 | 620.50 | 263.97 | 257.16 | |
| 2017-06-30 | 667.55 | 312.46 | 282.34 | |
| 2017-03-31 | 689.35 | 327.39 | 296.16 | |
| 2016-12-31 | 611.08 | 266.26 | 266.98 | |
| 2016-09-30 | 821.73 | 403.69 | 359.10 | |
| 2016-06-30 | 767.40 | 345.93 | 331.56 | |
| 2016-03-31 | 739.39 | 321.89 | 316.77 | |
| 2015-12-31 | 612.09 | 276.92 | 260.77 | |
| 2015-09-30 | 664.22 | 275.63 | 293.43 | |
| 2015-06-30 | 625.70 | 257.40 | 279.30 | |
| 2015-03-31 | 600.94 | 243.22 | 266.56 | |
| 2014-12-31 | 575.68 | 232.51 | 248.31 | |
| 2014-09-30 | 564.83 | 221.93 | 239.37 | |
| 2014-06-30 | 541.31 | 218.10 | 226.70 | |
| 2014-03-31 | 502.73 | 212.82 | 216.41 | |
| 2013-12-31 | 512.95 | 201.49 | 215.10 | |
| 2013-09-30 | 449.97 | 193.07 | 201.53 | |
| 2013-06-30 | 445.73 | 181.96 | 204.89 | |
| 2013-03-31 | 466.47 | 175.95 | 207.01 | |
| 2012-12-31 | 457.85 | 174.44 | 202.22 | |
| 2012-09-30 | 448.45 | 164.15 | 204.71 | |
| 2012-06-30 | 432.07 | 156.07 | 198.78 |
*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.
- Bank of Georgia Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Bank of Georgia Group used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
- Unable to establish if Bank of Georgia Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Bank of Georgia Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Bank of Georgia Group 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
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.
Balance sheet
Assets
Liabilities and shares
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.
All data from Bank of Georgia Group Company Filings, last reported 3 months ago.
| Date (Data in GEL Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,798.27 | 4,403.69 | 1,370.65 |
| 2018-09-30 | 1,633.35 | 4,585.27 | 1,237.87 |
| 2018-06-30 | 1,637.59 | 3,478.08 | 1,699.82 |
| 2018-03-31 | 2,740.57 | 4,045.89 | 1,754.92 |
| 2017-12-31 | 2,732.37 | 4,433.61 | 1,890.26 |
| 2017-09-30 | 2,663.89 | 4,465.79 | 1,721.81 |
| 2017-06-30 | 2,543.40 | 4,154.16 | 1,741.06 |
| 2017-03-31 | 2,452.75 | 4,290.50 | 1,285.48 |
| 2016-12-31 | 2,388.21 | 4,082.26 | 1,704.12 |
| 2016-09-30 | 2,388.75 | 3,777.01 | 1,197.69 |
| 2016-06-30 | 2,209.38 | 2,603.32 | 1,076.87 |
| 2016-03-31 | 2,150.85 | 2,753.68 | 1,359.22 |
| 2015-12-31 | 2,042.09 | 2,386.72 | 1,563.68 |
| 2015-09-30 | 1,757.96 | 3,192.00 | 1,320.32 |
| 2015-06-30 | 1,655.94 | 2,774.51 | 1,405.37 |
| 2015-03-31 | 1,700.15 | 2,807.33 | 1,000.71 |
| 2014-12-31 | 1,634.09 | 2,004.27 | 883.29 |
| 2014-09-30 | 1,328.23 | 2,086.72 | 759.64 |
| 2014-06-30 | 1,256.88 | 1,748.56 | 969.97 |
| 2014-03-31 | 1,287.03 | 1,970.01 | 979.50 |
| 2013-12-31 | 1,241.05 | 1,663.94 | 1,132.81 |
| 2013-09-30 | 1,170.94 | 1,648.78 | 687.40 |
| 2013-06-30 | 1,102.91 | 1,280.15 | 1,020.62 |
| 2013-03-31 | 1,109.82 | 1,365.64 | 696.59 |
| 2012-12-31 | 1,059.51 | 1,610.95 | 911.67 |
| 2012-09-30 | 1,007.95 | 1,561.30 | 666.90 |
| 2012-06-30 | 957.39 | 779.61 | 637.61 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Bank of Georgia Group has an acceptable proportion of non-loan assets held.
- Bank of Georgia Group's liabilities are made up of primarily low risk sources of funding.
- Loans at Bank of Georgia Group are broadly funded by customer deposits.
- Bank of Georgia Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Bank of Georgia Group has a low allowance for bad loans.
- Bank of Georgia Group has a high level of bad loans (greater than 2%).
Financial health checks
We assess Bank of Georgia Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Bank of Georgia Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Bank of Georgia Group'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
If you bought
£2,000 of
Bank of Georgia Group
shares you are expected to receive
£87
in your first year as a dividend.
Dividend Amount
- Bank of Georgia Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
- Bank of Georgia Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment
Purchase Bank of Georgia Group before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 6 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 | 4.9% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.2% |
| 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 | 5.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in GEL) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | 5.39 | 1.00 |
| 2021-12-31 | 3.93 | 6.00 |
| 2020-12-31 | 3.56 | 9.00 |
| 2019-12-31 | 3.02 | 8.00 |
| Date (Data in GEL) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-05 | 2.550 | 4.264 |
| 2018-08-16 | 2.440 | 4.456 |
| 2018-05-21 | 2.600 | 4.174 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Bank of Georgia Group has stable dividend payments.
- Bank of Georgia Group only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Bank of Georgia Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Bank of Georgia Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Bank of Georgia Group 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
CEO
| COMPENSATION | GEL1,628,094 |
| AGE | 38 |
| TENURE AS CEO | 0.3 years |
CEO Bio
Mr. Archil Gachechiladze, CFA, has been Chief Executive Officer and Member of Management Board of JSC Bank of Georgia since Janauary 28, 2019. Mr. Gachechiladze has been Chief Executive Officer and Director of Bank of Georgia Group PLC since Janauary 28, 2019. He served as the Chief Executive Officer of Georgia Global Utilities at BGEO Group plc since January 2017. While at the firm, Mr. Gachechiladze also served as the Chief Executive Officer of Georgia Global Utilities and Member of Management Board of JSC Bank of Georgia until February 22, 2017 and served as its Deputy Chief Executive Officer of Corporate Investment Banking since February 2016. He also served as the Group Chief Financial Officer at BGEO Group plc from August 2015 to February 2016. Mr. Gachechiladze served as the Deputy Chief Executive Officer of Investment Management at JSC Bank of Georgia until February 2016. He served as the Deputy Chief Executive Officer of Investment Management at Bank of Georgia Holdings plc from May 2013 to August 2015. Mr. Gachechiladze served as the Deputy Chief Executive Officer of Asset and Wealth Management at Bank of Georgia Holdings plc since May 2013. He joined the firm in 2009. He served as a Deputy Director in charge of Corporate Recovery at TBC Bank since August 2008. Mr. Gachechiladze also worked as an Associate at Lehmann Brothers Private Equity. From 1998 to 2004, he served as Senior Associate at Salford Equity Partners, Senior Analyst at the EBRD, Senior Financial Analyst at KPMG Barents and Team Leader for the World Bank's CERMA Project. Mr. Gachechiladze serves as the Chairman of JSC Galt & Taggart. He has 9 years of experience in the financial services sector. Mr. Gachechiladze is a C.F.A. Charterholder. He holds an M.B.A. with distinctions from Cornell University and a Bachelor's Degree in Economics and Law from the Tbilisi State University.
CEO Compensation
- Archil's compensation has increased by more than 20% in the past year.
- Insufficient data for Archil to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure and age of the Bank of Georgia Group management team in years:
- The average tenure for the Bank of Georgia Group management team is less than 2 years, this suggests a new team.
Management Team
Kaha Kiknavelidze
Senior Advisor
GEL3M
45
0.3 yrs
Archil Gachechiladze
CEO & Director
GEL2M
38
0.3 yrs
David Tsiklauri
Deputy CEO & CFO
Levan Kulijanishvili
Deputy CEO of Operations
GEL967K
1.6 yrs
Ekaterina Shavgulidze
Group Head of Investment & Business Development
2 yrs
Vakhtang Bobokhidze
Deputy CEO & Chief Information Officer
1.1 yrs
Natia Kalandarishvili
Head of Investor Relations and Funding
Avto Namicheishvili
Group General Counsel
GEL2M
44
3.6 yrs
George Chiladze
Deputy CEO & Chief Risk Officer
47
5.6 yrs
Mikheil Gomarteli
Deputy CEO of Retail Banking (Emerging and Mass Retail and Micro Business Banking)
GEL1M
42
Board of Directors Tenure
Average tenure and age of the Bank of Georgia Group board of directors in years:
- The average tenure for the Bank of Georgia Group board of directors is less than 3 years, this suggests a new board.
Board of Directors
Neil Janin
Non-Executive Chairman of the Board
GEL314K
63
7.5 yrs
Archil Gachechiladze
CEO & Director
GEL2M
38
0.3 yrs
Tamaz Georgadze
Independent Non-Executive Director
GEL167K
6.3 yrs
Jonathan Muir
Independent Non-Executive Director
GEL156K
1.8 yrs
Hanna-Leena Loikkanen
Senior Independent Non-Executive Director
GEL170K
49
1.2 yrs
Cecil Quillen
Independent Non-Executive Director
GEL114K
1.2 yrs
Véronique Mccarroll
Independent Non-Executive Director
GEL13K
0.5 yrs
Andreas Wolf
Independent Non-Executive Director
GEL21K
0.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. Apr 19 | Buy | Bank of Georgia Group PLC, ESOP | Company | 12. Apr 19 | 12. Apr 19 | 40,000 | £17.08 | £683,200 | ||
| 08. Apr 19 | Buy | Bank of Georgia Group PLC, ESOP | Company | 05. Apr 19 | 05. Apr 19 | 10,000 | £16.81 | £168,100 | ||
| 01. Apr 19 | Buy | Bank of Georgia Group PLC, ESOP | Company | 29. Mar 19 | 29. Mar 19 | 10,000 | £16.56 | £165,600 | ||
| 20. Mar 19 | Sell | David Tsiklauri | Individual | 14. Mar 19 | 15. Mar 19 | -30,000 | £17.02 | £-510,346 | ||
| 18. Mar 19 | Buy | Bank of Georgia Group PLC, ESOP | Company | 15. Mar 19 | 15. Mar 19 | 25,000 | £16.47 | £411,750 | ||
| 07. Dec 18 | Buy | Kakhaber Kiknavelidze | Individual | 05. Dec 18 | 05. Dec 18 | 15,000 | £13.60 | £203,951 | ||
| 11. Jun 18 | Buy | Rubicon Executive Equity Compensation Trust | Company | 08. Jun 18 | 08. Jun 18 | 40,000 | £20.52 | £820,800 | ||
| 07. Jun 18 | Buy | Neil Janin | Individual | 01. Jun 18 | 01. Jun 18 | 651 | £19.59 | £12,750 | ||
| 27. Feb 19 | Sell | David Tsiklauri | Individual | 22. Feb 19 | 26. Feb 19 | -11,000 | £16.84 | £-185,057 | ||
| 07. Dec 18 | Buy | David Tsiklauri | Individual | 06. Dec 18 | 06. Dec 18 | 6,000 | £13.15 | £78,718 | ||
| 05. Dec 18 | Buy | David Tsiklauri | Individual | 04. Dec 18 | 05. Dec 18 | 4,000 | £13.59 | £54,107 | ||
| 03. Dec 18 | Buy | Rubicon Executive Equity Compensation Trust | Company | 30. Nov 18 | 30. Nov 18 | 34,942 | £14.40 | £503,165 | ||
| 02. Jul 18 | Buy | Rubicon Executive Equity Compensation Trust | Company | 29. Jun 18 | 29. Jun 18 | 61,000 | £19.15 | £1,168,150 | ||
| 25. Jun 18 | Buy | Rubicon Executive Equity Compensation Trust | Company | 22. Jun 18 | 22. Jun 18 | 74,000 | £19.22 | £1,422,280 | ||
| 18. Jun 18 | Buy | Rubicon Executive Equity Compensation Trust | Company | 15. Jun 18 | 15. Jun 18 | 80,000 | £19.46 | £1,556,800 | ||
Management checks
We assess Bank of Georgia Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Bank of Georgia Group 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
What Do Analysts Think About Bank of Georgia Group PLC's (LON:BGEO) Future?
Based on Bank of Georgia Group PLC's (LON:BGEO) earnings update in June 2018,. … with earnings expected to grow by 8.1% in the upcoming year … Presently, with latest-twelve-month earnings at GEL361.1m, we should see this growing to GEL390.5m by 2019.
Simply Wall St - – Full articleShould You Be Concerned About Bank of Georgia Group PLC’s (LON:BGEO) Risks?
As a small cap company operating in a heavily regulated financial services sector, an investment in Bank of Georgia Group PLC (LON:BGEO) has many factors to consider. … Since bad debt is written off as an expense, it impacts Bank of Georgia Group’s bottom line and shareholders’ value. … Today we will analyse Bank of Georgia Group’s level of bad debt and liabilities in order to understand the risk involved with investing in Bank of Georgia Group
Simply Wall St - – Full articleIs Bank of Georgia Group PLC's (LON:BGEO) 14.77% ROE Strong Compared To Its Industry?
This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … If BGEO borrows debt to invest in its business, its profits will be higher.
Simply Wall St - – Full articleDoes Bank of Georgia Group PLC's (LON:BGEO) PE Ratio Warrant A Buy?
and want to learn about the link between company’s fundamentals and stock market performance. … Bank of Georgia Group PLC (LON:BGEO) is currently trading at a trailing P/E of 5.6x, which is lower than the industry average of 12.1x. … See our latest analysis for Bank of Georgia Group
Simply Wall St - – Full articleShould You Be Tempted To Buy Bank of Georgia Group PLC (LON:BGEO) At Its Current PE Ratio?
This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Bank of Georgia Group PLC (LON:BGEO) trades with a trailing P/E of 10.8x, which is lower than the industry average of 11.8x.
Simply Wall St - – Full articleWhat Do Bank of Georgia Group PLC (LON:BGEO) Insiders Know That You Don't?
Bank of Georgia Group PLC provides various banking products and services in Georgia. … some insider buying over the past three months, with insiders investing in. … Generally, insiders buying more shares in their own firm sends a bullish signal
Simply Wall St - – Full articleHow BGEO Group Ltd (LON:BGEO) Can Add Value To Your Portfolio
Attractive stocks have exceptional fundamentals. … In the case of BGEO Group Ltd (LON:BGEO), there's. … report on BGEO Group here
Simply Wall St - – Full articleReasons Why I Like BGEO Group Ltd (LON:BGEO)
Attractive stocks have exceptional fundamentals. … In the case of BGEO Group Ltd (LON:BGEO), there's. … report on BGEO Group here
Simply Wall St - – Full articleIs It Too Late To Buy BGEO Group plc (LON:BGEO)?
Let’s take a look at BGEO Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … Great news for investors – BGEO Group is still trading at a fairly cheap price. … BGEO Group’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta.
Simply Wall St - – Full articleTop Cheap Stocks To Buy Today
BGEO's stock is currently hovering at around -54% under its actual value of GEL72.83, at a price of UK£33.16, based on my discounted cash flow model. … RM.'s shares are currently floating at around -24% lower than its true level of £2.77, at a price tag of UK£2.12, according to my discounted cash flow model. … In addition to this, RM.’s PE ratio is trading at around 13.44x relative to its Internet peer level of, 33.82x suggesting that relative to its peers, we can buy RM.’s stock at a cheaper price today.
Simply Wall St - – Full articleCompany Info
Description
Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through Retail Banking, Corporate Investment Banking, BNB, and Other Banking Business segments. 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, and SOLO brands. It primarily serves retail, mass retail, and mass affluent segments, as well as small and medium enterprises, and micro businesses. The Corporate Investment Banking segment offers loans and other credit facilities, funds transfers and settlement services, trade finance services, and documentary operations support services; and handles saving and term deposits for corporate and institutional customers, as well as provides private banking services to high net worth clients. The BNB segment offers retail and corporate banking services to clients in Belarus. The Other Banking Business segments provides compliance and governance services for various small corporate and social responsibility companies. As of December 31, 2018, the company operated 271 branches, 876 automated teller machines, and 3,115 Express Pay terminals. Bank of Georgia Group PLC was incorporated in 2017 and is headquartered in London, the United Kingdom.
Details
| Name: | Bank of Georgia Group PLC |
| BGEO | |
| Exchange: | LSE |
| Founded: | 2017 |
| £791,854,464 | |
| 47,530,280 | |
| Website: | http://bankofgeorgiagroup.com |
| Address: |
Bank of Georgia Group PLC 84 Brook Street, London, Greater London, W1K 5EH, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | BGEO | New Common Shares | London Stock Exchange | GB | GBP | 21. May 2018 | |
| OTCPK | BDGS.F | New Common Shares | Pink Sheets LLC | US | USD | 21. May 2018 | |
| BATS-CHIXE | BGEOL | New Common Shares | BATS 'Chi-X Europe' | GB | GBP | 21. May 2018 |
Number of employees
Current staff
Industry
| Diversified Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 22:23 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/03/28 |
| 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.
