Loading...

Bank Of Ireland Group

LSE:BIRG
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BIRG
LSE
€6B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Bank of Ireland Group plc provides various banking and financial products and services in the Republic of Ireland, the United Kingdom, and internationally. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
BIRG Share Price and Events
7 Day Returns
2.1%
LSE:BIRG
1%
GB Banks
0.6%
GB Market
1 Year Returns
-18.5%
LSE:BIRG
-8.7%
GB Banks
1.1%
GB Market
BIRG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank Of Ireland Group (BIRG) 2.1% 14.1% 8% -18.5% - -
GB Banks 1% 5.4% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • BIRG underperformed the Banks industry which returned -8.7% over the past year.
  • BIRG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Bank Of Ireland Group 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 Bank Of Ireland 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank Of Ireland Group.

LSE:BIRG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 12 analysts.
= Stable Book Value * Return on Equity
= €9.19 * 7.7%
€0.70
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. €9.19
Discount Rate (Cost of Equity) See below 11.4%
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:BIRG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 7.1%
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- 12.5%) (200.51%))
1.424
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.424 * 7.14%)
11.4%

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

The calculations below outline how an intrinsic value for Bank Of Ireland 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.

LSE:BIRG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.7% – 11.4%) * €9.19)
€-0.34
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.34 / (11.4% - 1.23%)
€-3.38
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €9.19 + €-3.38
€5.81
LSE:BIRG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:BIRG represents 1.00168x of ISE:BIRG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00168x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 5.81 x 1.00168
€5.82
Value per share (EUR) From above. €5.82
Current discount Discount to share price of €5.96
= -1 x (€5.96 - €5.82) / €5.82
-2.5%

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

  • The current share price of Bank Of Ireland Group 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 Bank Of Ireland Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank Of Ireland Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:BIRG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.58
ISE:BIRG Share Price ** ISE (2019-04-18) in EUR €5.95
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 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Bank Of Ireland Group.

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

= ISE:BIRG Share Price ÷ EPS (both in EUR)

= 5.95 ÷ 0.58

10.32x

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

  • Bank Of Ireland Group is good value based on earnings compared to the GB Banks industry average.
  • Bank Of Ireland 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 Ireland Group's expected growth come at a high price?
Raw Data
LSE:BIRG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
10.2%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 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.32x ÷ 10.2%

1.01x

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

  • Bank Of Ireland Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bank Of Ireland Group's assets?
Raw Data
LSE:BIRG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €8.59
ISE:BIRG Share Price * ISE (2019-04-18) in EUR €5.95
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 1.51x
LSE:BIRG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:BIRG Share Price ÷ Book Value per Share (both in EUR)

= 5.95 ÷ 8.59

0.69x

* Primary Listing of Bank Of Ireland Group.

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

  • Bank Of Ireland Group is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Bank Of Ireland Group'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. Bank Of Ireland Group has a total score of 3/6, 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 Bank Of Ireland Group expected to perform in the next 1 to 3 years based on estimates from 13 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
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank Of Ireland Group expected to grow at an attractive rate?
  • Bank Of Ireland Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Bank Of Ireland Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Bank Of Ireland Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:BIRG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:BIRG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 10.2%
LSE:BIRG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 3.2%
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 11%
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:BIRG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:BIRG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,094 831 12
2020-12-31 2,981 725 13
2019-12-31 2,872 637 12
LSE:BIRG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,812 580 620
2018-09-30 2,870 -192 626
2018-06-30 2,927 -964 687
2018-03-31 2,912 -467 689
2017-12-31 2,897 31 636
2017-09-30 2,880 91 705
2017-06-30 2,862 151 773
2017-03-31 2,897 -279 786
2016-12-31 2,931 -708 799
2016-09-30 2,919 -110 646
2016-06-30 2,909 488 579
2016-03-31 2,939 -251 662

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank Of Ireland Group's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • Bank Of Ireland Group's revenue is expected to grow by 3.2% 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:BIRG 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 13 Analyst Estimates (S&P Global) See Below

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

LSE:BIRG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.78 0.91 0.59 10.00
2020-12-31 0.68 0.76 0.55 11.00
2019-12-31 0.58 0.66 0.53 11.00
LSE:BIRG Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.58
2018-09-30 0.58
2018-06-30 0.64
2018-03-31 0.64
2017-12-31 0.59
2017-09-30 0.66
2017-06-30 0.72
2017-03-31 0.73
2016-12-31 0.74
2016-09-30 0.60
2016-06-30 0.54
2016-03-31 0.61

*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.
  • Bank Of Ireland Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bank Of Ireland Group'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.
Bank Of Ireland Group has a total score of 1/6, 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 Ireland 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
Below we compare Bank Of Ireland Group'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.
  • Bank Of Ireland Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Bank Of Ireland Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bank Of Ireland Group's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
Bank Of Ireland Group'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 Bank Of Ireland Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BIRG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,812.00 620.00 1,553.00
2018-09-30 2,869.50 626.00 1,631.00
2018-06-30 2,927.00 687.00 1,706.00
2018-03-31 2,912.00 689.00 1,725.00
2017-12-31 2,897.00 636.00 1,747.00
2017-09-30 2,879.50 704.50 1,701.00
2017-06-30 2,862.00 773.00 1,655.00
2017-03-31 2,896.50 786.00 1,654.50
2016-12-31 2,931.00 799.00 1,654.00
2016-09-30 2,918.50 645.50 1,673.50
2016-06-30 2,909.00 579.00 1,685.00
2016-03-31 2,939.00 662.00 1,671.50
2015-12-31 2,969.00 745.00 1,658.00
2015-09-30 2,917.50 832.00 1,636.50
2015-06-30 2,866.00 919.00 1,615.00
2015-03-31 2,636.50 782.00 1,587.50
2014-12-31 2,407.00 645.00 1,560.00
2014-09-30 2,013.50 389.50 1,683.00
2014-06-30 1,620.00 134.00 1,806.00
2014-03-31 1,228.50 -282.00 1,644.00
2013-12-31 837.00 -698.00 1,482.00
2013-09-30 543.50 -1,036.00 1,295.00
2013-06-30 250.00 -1,394.00 1,168.00
2013-03-31 -127.50 -1,712.00 1,347.00
2013-01-01 -505.00 -2,020.00 1,496.00
2012-09-30 -1,690.00 -1,382.00 1,531.50
2012-06-30 713.00 -704.00 1,525.00

*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.
  • Bank Of Ireland Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank Of Ireland 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 Ireland Group 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 Bank Of Ireland Group'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.
Bank Of Ireland Group has a total score of 2/6, 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 Bank Of Ireland Group'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 Bank Of Ireland Group'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 Bank Of Ireland Group Company Filings, last reported 3 months ago.

LSE:BIRG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10,051.00 12,831.00 8,392.00
2018-09-30 10,051.00 12,831.00 8,392.00
2018-06-30 9,882.00 11,833.00 7,999.00
2018-03-31 9,882.00 11,833.00 7,999.00
2017-12-31 9,667.00 12,491.00 10,400.00
2017-09-30 9,667.00 12,491.00 10,400.00
2017-06-30 9,457.00 12,334.00 8,054.00
2017-03-31 9,457.00 12,334.00 8,054.00
2016-12-31 9,419.00 15,076.00 9,837.00
2016-09-30 9,402.00 15,076.00 9,837.00
2016-06-30 8,704.00 17,788.00 12,302.00
2016-03-31 8,704.00 17,788.00 12,302.00
2015-12-31 10,529.00 19,438.00 10,913.00
2015-09-30 10,529.00 19,438.00 10,913.00
2015-06-30 10,276.00 20,964.00 10,631.00
2015-03-31 10,276.00 20,964.00 10,631.00
2014-12-31 8,747.00 26,040.00 10,288.00
2014-09-30 8,747.00 26,040.00 10,288.00
2014-06-30 8,269.00 28,968.00 10,855.00
2014-03-31 8,269.00 28,968.00 10,855.00
2013-12-31 7,883.00 31,368.00 11,993.00
2013-09-30 7,883.00 31,368.00 11,993.00
2013-06-30 7,929.00 34,696.00 11,952.00
2013-03-31 7,929.00 34,696.00 11,952.00
2013-01-01 8,665.00 25,054.00 14,462.00
2012-09-30 8,655.00 45,588.00 20,843.00
2012-06-30 8,891.00 58,453.00 24,588.00
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.
  • Bank Of Ireland Group has an acceptable proportion of non-loan assets held.
  • Bank Of Ireland Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank Of Ireland Group are broadly funded by customer deposits.
  • Bank Of Ireland Group's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bank Of Ireland Group has a low allowance for bad loans.
  • Bank Of Ireland Group has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Bank Of Ireland Group'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. Bank Of Ireland Group has a total score of 4/6, 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 Bank Of Ireland 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
Dividend payments
2.69%
Current annual income from Bank Of Ireland Group dividends. Estimated to be 4.81% next year.
If you bought €2,000 of Bank Of Ireland Group shares you are expected to receive €54 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?
  • Bank Of Ireland Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Bank Of Ireland 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 Ireland Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:BIRG 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 13 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 706 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.

LSE:BIRG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.37 13.00
2020-12-31 0.28 15.00
2019-12-31 0.21 14.00
LSE:BIRG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.160 2.861
2018-03-09 0.115 1.793
2018-02-26 0.115 1.536

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

  • It is too early to tell whether Bank Of Ireland Group has stable dividend payments.
  • Bank Of Ireland Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Bank Of Ireland Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Bank Of Ireland Group'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 Bank Of Ireland Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank Of Ireland 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

 What is the CEO of Bank Of Ireland Group'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
Francesca McDonagh
COMPENSATION €958,000
AGE 43
TENURE AS CEO 1.5 years
CEO Bio

Ms. Francesca Jane McDonagh has been Group Chief Executive Officer and Executive Director of Bank of Ireland Group Plc since October 2, 2017. Ms. McDonagh has been Executive Director at The Governor and Company of the Bank of Ireland since October 2, 2017. Ms. McDonagh joined the Group from the HSBC Group, where she held a number of key senior management roles over a twenty year period including Group General Manager and Regional Head of Retail Banking and Wealth Management, UK and Europe; Regional Head of Retail Banking and Wealth Management, Middle East and North Africa; and Head of Personal Financial Services, Hong Kong. She is a very experienced global retail banker, with an exceptional track record, both in terms of financial performance and her leadership of transformation to drive future results in a range of increasingly senior banking roles, and in a range of countries and operating structures. She is a member of the PRA Practitioner Panel. She has previously served on the Board of the British Bankers’ Association (BBA), where she was Deputy Chair and on the Board of the National Centre for Universities and Business in the UK. She has a Bachelor of Arts Degree in Politics, Philosophy and Economics from Oxford University.

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

Average tenure and age of the Bank Of Ireland Group management team in years:

1.8
Average Tenure
47
Average Age
  • The average tenure for the Bank Of Ireland Group management team is less than 2 years, this suggests a new team.
Management Team

Francesca McDonagh

TITLE
Group CEO & Executive Director
COMPENSATION
€958K
AGE
43
TENURE
1.5 yrs

Andrew Keating

TITLE
Group CFO & Executive Director
COMPENSATION
€551K
AGE
47
TENURE
2.1 yrs

Jackie Noakes

TITLE
Group Chief Operating Officer
AGE
57
TENURE
0.7 yrs

Darach O’Leary

TITLE
Director of Group Investor Relations

Pat Farrell

TITLE
Head of Group Communications
TENURE
6.1 yrs

Henry Dummer

TITLE
Chief Marketing Officer
TENURE
0.8 yrs

Matt Elliott

TITLE
Chief People Officer
AGE
44
TENURE
0.2 yrs

Des Crowley

TITLE
Chief Executive of Retail UK
COMPENSATION
€279K
AGE
58
TENURE
9.9 yrs

Paul Leonard

TITLE
Chief Credit Officer of UK
TENURE
16.3 yrs

David Deverall

TITLE
Managing Director
Board of Directors Tenure

Average tenure and age of the Bank Of Ireland Group board of directors in years:

1.6
Average Tenure
53.5
Average Age
  • The average tenure for the Bank Of Ireland Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Patrick Kennedy

TITLE
Chairman of the Board
AGE
48
TENURE
0.7 yrs

Francesca McDonagh

TITLE
Group CEO & Executive Director
COMPENSATION
€958K
AGE
43
TENURE
1.5 yrs

Patrick Haren

TITLE
Deputy Chairman & Senior Independent Director
COMPENSATION
€195K
AGE
67
TENURE
0.7 yrs

Andrew Keating

TITLE
Group CFO & Executive Director
COMPENSATION
€551K
AGE
47
TENURE
7.2 yrs

Patrick Mulvihill

TITLE
Independent Non-Executive Director
COMPENSATION
€103K
AGE
55
TENURE
7.3 yrs

Richard Goulding

TITLE
Independent Non-Executive Director
COMPENSATION
€87K
AGE
58
TENURE
1.8 yrs

Fiona Muldoon

TITLE
Independent Non-Executive Director
COMPENSATION
€71K
AGE
50
TENURE
3.8 yrs

Michael Atkinson

TITLE
Independent Non-Executive Director
COMPENSATION
€94K
AGE
73
TENURE
7.3 yrs

Ian Buchanan

TITLE
Non-Executive Director
COMPENSATION
€65K
AGE
54
TENURE
0.9 yrs

Evelyn Bourke

TITLE
Non-Executive Director
COMPENSATION
€49K
AGE
53
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bank Of Ireland Group'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. Bank Of Ireland 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

Company Info

Description

Bank of Ireland Group plc provides various banking and financial products and services in the Republic of Ireland, the United Kingdom, and internationally. The company operates Retail Ireland, Wealth and Insurance, Retail UK, and Corporate and Treasury segments. Its products and services include current and savings accounts, and business deposits and accounts; personal, car, home improvement, graduate, and student loans, as well as overdrafts; business and farming loans, BREXIT loans, small medium enterprise loans, asset finance, commercial and leverage finance, hire purchase, and leasing services; and property, trade, and project finance. The company also offers account reconciliation, moving/sweeping funds, bulk payment services, direct debit originator, domestic and international payments, and FXPay services; international payments and credit cards; protection overview, mortgage protection, life cover, specified illness cover, income protection, protection for individuals, and protection for families; pensions and investments, foreign exchange and treasury deposits and services; personal products; private banking services; leveraged acquisition finance; and funding and acquisition, cash management, transaction support and agency, escrow services. It serves customers through a network of 267 branches and 1,600 self-serve devices in the Republic of Ireland; and access to 2,400 ATMs in the U.K. through the U.K. Post Office. Bank of Ireland Group plc was founded in 1783 and is headquartered in Dublin, the Republic of Ireland.

Details
Name: Bank Of Ireland Group plc
BIRG
Exchange: LSE
Founded: 1783
€6,399,317,897
1,075,515,613
Website: http://www.bankofireland.com
Address: Bank Of Ireland Group plc
40 Mespil Road,
Dublin,
Co. Dublin, 4,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE BIRG Ordinary Shares Irish Stock Exchange IE EUR 10. Jul 2017
OTCPK BKRI.F Ordinary Shares Pink Sheets LLC US USD 10. Jul 2017
DB BIRG Ordinary Shares Deutsche Boerse AG DE EUR 10. Jul 2017
XTRA BIRG Ordinary Shares XETRA Trading Platform DE EUR 10. Jul 2017
LSE BIRG Ordinary Shares London Stock Exchange GB EUR 10. Jul 2017
BATS-CHIXE BIRGI Ordinary Shares BATS 'Chi-X Europe' GB EUR 10. Jul 2017
BATS-CHIXE BIRGL Ordinary Shares BATS 'Chi-X Europe' GB EUR 10. Jul 2017
OTCPK BKRI.Y UNSPONSORD ADR Pink Sheets LLC US USD 20. Oct 2017
Number of employees
Current staff
Staff numbers
10,367
Bank Of Ireland Group employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:57
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/25
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.