Bank of Georgia Group Future Growth

Future criteria checks 2/6

Bank of Georgia Group's earnings are forecast to decline at 4.5% per annum while its annual revenue is expected to grow at 14.1% per year. EPS is expected to grow by 1.6% per annum. Return on equity is forecast to be 26.7% in 3 years.

Key information

-4.5%

Earnings growth rate

1.6%

EPS growth rate

Banks earnings growth	0.2%
Revenue growth rate	14.1%
Future return on equity	26.7%
Analyst coverage	Low
Last updated	10 Jun 2024

Recent future growth updates

Recent updates

It's Unlikely That Bank of Georgia Group PLC's (LON:BGEO) CEO Will See A Huge Pay Rise This Year

Jun 10

Results: Bank of Georgia Group PLC Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 24

Bank of Georgia Group's (LON:BGEO) Stock Price Has Reduced 30% In The Past Year

Dec 21

Earnings and Revenue Growth Forecasts

LSE:BGEO - Analysts future estimates and past financials data (GEL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,817	1,970	N/A	N/A	3
12/31/2025	3,344	1,708	N/A	N/A	4
12/31/2024	3,067	1,946	N/A	N/A	3
3/31/2024	2,531	2,127	N/A	N/A	N/A
12/31/2023	2,425	1,391	-1,101	-946	N/A
9/30/2023	2,352	1,686	N/A	N/A	N/A
6/30/2023	2,203	1,632	-3,408	-3,275	N/A
3/31/2023	1,985	1,500	N/A	N/A	N/A
12/31/2022	1,873	1,440	-870	-748	N/A
9/30/2022	1,761	1,003	N/A	N/A	N/A
6/30/2022	1,617	898	449	565	N/A
3/31/2022	1,530	825	N/A	N/A	N/A
12/31/2021	1,386	724	-655	-557	N/A
9/30/2021	1,228	655	N/A	N/A	N/A
6/30/2021	1,160	618	-1,809	-1,712	N/A
3/31/2021	1,040	531	N/A	N/A	N/A
12/31/2020	817	294	-1,912	-1,804	N/A
9/30/2020	831	318	N/A	N/A	N/A
6/30/2020	835	304	-1,084	-944	N/A
3/31/2020	826	297	N/A	N/A	N/A
12/31/2019	1,011	498	-858	-732	N/A
9/30/2019	960	456	N/A	N/A	N/A
6/30/2019	915	433	-1,038	-921	N/A
3/31/2019	916	373	N/A	N/A	N/A
12/31/2018	895	361	-381	-286	N/A
9/30/2018	830	351	N/A	N/A	N/A
6/30/2018	794	327	-444	-335	N/A
3/31/2018	746	360	N/A	N/A	N/A
12/31/2017	713	339	N/A	-656	N/A
9/30/2017	621	264	N/A	N/A	N/A
6/30/2017	668	312	N/A	649	N/A
3/31/2017	689	327	N/A	N/A	N/A
12/31/2016	609	266	N/A	921	N/A
9/30/2016	822	404	N/A	N/A	N/A
6/30/2016	767	346	N/A	142	N/A
3/31/2016	739	322	N/A	N/A	N/A
12/31/2015	612	277	N/A	553	N/A
9/30/2015	664	276	N/A	N/A	N/A
6/30/2015	626	257	N/A	86	N/A
3/31/2015	601	243	N/A	N/A	N/A
12/31/2014	576	233	N/A	-255	N/A
9/30/2014	565	222	N/A	N/A	N/A
6/30/2014	541	218	N/A	234	N/A
3/31/2014	503	213	N/A	N/A	N/A
12/31/2013	513	201	N/A	34	N/A
9/30/2013	450	193	N/A	N/A	N/A
6/30/2013	446	182	N/A	524	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BGEO's earnings are forecast to decline over the next 3 years (-4.5% per year).

Earnings vs Market: BGEO's earnings are forecast to decline over the next 3 years (-4.5% per year).

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

Revenue vs Market: BGEO's revenue (14.1% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: BGEO's revenue (14.1% 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 high in 3 years time (26.7%)

Bank of Georgia Group Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.1% to UK£62.60

Price target increased by 8.6% to UK£58.46

Consensus EPS estimates increase by 18%

Price target increased by 8.5% to UK£43.81

Price target increased by 7.2% to UK£37.18

Consensus EPS estimates increase by 19%

Recent updates

Bank of Georgia Group PLC Approves Final Dividend

It's Unlikely That Bank of Georgia Group PLC's (LON:BGEO) CEO Will See A Huge Pay Rise This Year

First quarter 2024 earnings released: EPS: GEL23.53 (vs GEL6.55 in 1Q 2023)

Bank of Georgia Group PLC to Report Q1, 2024 Results on May 29, 2024

Investor sentiment deteriorates as stock falls 15%

Final dividend of GEL4.94 announced

Bank of Georgia Group plc Proposes Final Dividend for the Year 2023, Payable on 19 July 2024

Bank of Georgia Group PLC, Annual General Meeting, Jun 17, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 7.1% to UK£62.60

Bank of Georgia Group PLC (LSE:BGEO) and JSC Bank of Georgia completed the acquisition of 90% Ameriabank CJSC from IMAST Group (CY) Limited; European Bank for Reconstruction and Development ("EBRD"); Asian Development Bank; Afeyan Foundation for Armenia Inc.; and ESPS Holding Limited.

Bank of Georgia Group PLC Announces Changes to Its Board

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Bank of Georgia Group plc Intends to Recommend Final Dividend for the Year 2023

Investor sentiment improves as stock rises 15%

Price target increased by 8.6% to UK£58.46

Bank of Georgia Confirms Advanced Discussions with Ameriabank and its Current Shareholders Regarding its Potential Acquisition

Bank of Georgia Confirms Advanced Discussions with Ameriabank and its Current Shareholders Regarding its Potential Acquisition

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Bank of Georgia Group PLC to Report Q3, 2023 Results on Nov 14, 2023

Bank of Georgia Group plc Announces Interim Dividend for the Period Ended 30 June 2023, Payable on 27 October 2023

Upcoming dividend of GEL3.06 per share at 6.4% yield

Consensus EPS estimates increase by 18%

Price target increased by 8.5% to UK£43.81

Second quarter 2023 earnings released: EPS: GEL9.13 (vs GEL5.82 in 2Q 2022)

Bank of Georgia Group PLC Declares Interim Dividend for the Period Ended 30 June 2023, Payable on 27 October 2023

Bank of Georgia Group PLC to Report Q2, 2023 Results on Aug 17, 2023

Bank of Georgia Group Approves Final Dividend, Payable on 14 July 2023

Upcoming dividend of GEL5.80 per share at 7.5% yield

Bank of Georgia Group plc Declares Final Dividend for the Year 2022

First quarter 2023 earnings released: EPS: GEL6.55 (vs GEL5.06 in 1Q 2022)

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment deteriorates as stock falls 19%

Price target increased by 7.2% to UK£37.18

Full year 2022 earnings released: EPS: GEL30.99 (vs GEL15.22 in FY 2021)

Bank of Georgia Group PLC to Report Q4, 2022 Results on Feb 16, 2023

Consensus EPS estimates increase by 19%

Price target increased to UK£35.08

Price target increased to UK£32.27

Third quarter 2022 earnings released: EPS: GEL6.27 (vs GEL3.90 in 3Q 2021)

Third quarter 2022 earnings released: EPS: GEL6.27 (vs GEL3.90 in 3Q 2021)

Investor sentiment improved over the past week

Consensus EPS estimates increase by 13%

Bank of Georgia Group PLC to Report Q3, 2022 Results on Nov 10, 2022

Upcoming dividend of GEL1.85 per share

Price target increased to UK£25.80

Consensus EPS estimates increase by 34%

Second quarter 2022 earnings released: EPS: GEL5.81 (vs GEL4.22 in 2Q 2021)

Bank of Georgia Group PLC Declares an Interim Dividend for the Period Ended 30 June 2022, Payable on 20 October 2022

Bank of Georgia Group PLC to Report Q2, 2022 Results on Aug 16, 2022

Investor sentiment improved over the past week

Bank of Georgia Group PLC Announces Dividend, Payable on July 14, 2022

Upcoming dividend of GEL2.33 per share

Bank of Georgia Group PLC Approves Final Dividend for Ordinary Shares

Bank of Georgia Group Announces Appointments to the Executive Management Team

Price target increased to UK£22.46

Consensus forecasts updated

Bank of Georgia Group PLC Announces Changes to Executive Management Team

Bank of Georgia Group PLC Recommends Final Dividend for 2021, Payable on 14 July 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Bank of Georgia Group PLC to Report Q1, 2022 Results on May 11, 2022

Investor sentiment deteriorated over the past week

Results: Bank of Georgia Group PLC Beat Earnings Expectations And Analysts Now Have New Forecasts

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

Bank of Georgia Group PLC to Report Q4, 2021 Results on Feb 22, 2022

Insufficient new directors

Third quarter 2021 earnings released: EPS GEL3.90 (vs GEL3.11 in 3Q 2020)

Upcoming dividend of GEL1.48 per share