Loading...

BLOM Bank SAL

LSE:BLBD
Snowflake Description

6 star dividend payer and undervalued.

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

BLOM Bank SAL, together with its subsidiaries, provides various retail, commercial, investment, and private banking services in Lebanon, Europe, the Middle East, and North Africa. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
BLBD Share Price and Events
7 Day Returns
-13.2%
LSE:BLBD
1%
GB Banks
0.6%
GB Market
1 Year Returns
-29.5%
LSE:BLBD
-8.7%
GB Banks
1.1%
GB Market
BLBD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BLOM Bank SAL (BLBD) -13.2% -16% -13.2% -29.5% -22.5% -15.1%
GB Banks 1% 4.3% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 2.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • BLBD underperformed the Banks industry which returned -8.7% over the past year.
  • BLBD underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
BLBD
Industry
5yr Volatility vs Market
Related Companies

BLBD Value

 Is BLOM Bank SAL 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 BLOM Bank SAL 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 BLOM Bank SAL.

LSE:BLBD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= LBP19,963.59 * 16.3%
LBP3,262.65
Book Value of Equity per Share Median Book Value from the past 5 years. LBP19,963.59
Discount Rate (Cost of Equity) See below 11.9%
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:BLBD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
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- 15%) (316%))
1.795
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.79
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.795 * 5.96%)
11.92%

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

The calculations below outline how an intrinsic value for BLOM Bank SAL 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:BLBD Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (16.3% – 11.92%) * LBP19,963.59)
LBP882.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= LBP882.15 / (11.92% - 1.23%)
LBP8,246.59
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= LBP19,963.59 + LBP8,246.59
LBP28210.18
LSE:BLBD Discount to Share Price
Calculation Result
Exchange Rate LBP/USD
(Reporting currency to currency of BDB:BLBD)
0.001
Value per Share
(USD)
= Value per Share in LBP x Exchange Rate (LBP/USD)
= LBP28210.18 x 0.001
$18.69
Non-primary Listing Adjustment Factor 1 share in LSE:BLBD represents 0.99371x of BDB:BLBD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99371x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 18.69 x 0.99371
$18.58
Value per share (USD) From above. $18.58
Current discount Discount to share price of $7.90
= -1 x ($7.90 - $18.58) / $18.58
57.5%

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

Current Discount
Amount off the current price BLOM Bank SAL is available for.
Intrinsic value
>50%
Share price is $7.9 vs Future cash flow value of $18.58
Current Discount Checks
For BLOM Bank SAL to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BLOM Bank SAL's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BLOM Bank SAL'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 BLOM Bank SAL's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BLOM Bank SAL's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:BLBD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in LBP LBP3,573.42
BDB:BLBD Share Price ** BDB (2019-04-18) in USD $7.95
BDB:BLBD Share Price converted to LBP reporting currency Exchange rate (USD/ LBP) 1509 LBP11996.55
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 BLOM Bank SAL.

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

= BDB:BLBD Share Price ÷ EPS (both in LBP)

= 11996.55 ÷ 3,573.42

3.36x

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

  • BLOM Bank SAL is good value based on earnings compared to the GB Banks industry average.
  • BLOM Bank SAL is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does BLOM Bank SAL's expected growth come at a high price?
Raw Data
LSE:BLBD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-1.8%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 .

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

  • Unable to calculate PEG ratio for BLOM Bank SAL, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BLOM Bank SAL's assets?
Raw Data
LSE:BLBD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in LBP LBP23,517.60
BDB:BLBD Share Price * BDB (2019-04-18) in USD $7.95
BDB:BLBD Share Price converted to LBP reporting currency Exchange rate (USD/ LBP) 1509 LBP11996.55
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:BLBD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BDB:BLBD Share Price ÷ Book Value per Share (both in LBP)

= 11996.55 ÷ 23,517.60

0.51x

* Primary Listing of BLOM Bank SAL.

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

  • BLOM Bank SAL is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess BLOM Bank SAL'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. BLOM Bank SAL 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.

BLBD Future Performance

 How is BLOM Bank SAL expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover BLOM Bank SAL, future earnings growth has been estimated based on fundamentals.
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
-1.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BLOM Bank SAL expected to grow at an attractive rate?
  • BLOM Bank SAL's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • BLOM Bank SAL's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare BLOM Bank SAL's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
LSE:BLBD Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:BLBD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -1.8%
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:BLBD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in LBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:BLBD Future Estimates Data
Date (Data in LBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31 1,874,178 1
LSE:BLBD Past Financials Data
Date (Data in LBP Millions) Revenue Cash Flow Net Income *
2018-12-31 1,530,815 -770,602 765,757
2018-09-30 1,705,983 765,820
2018-06-30 1,558,362 742,257
2018-03-31 1,562,134 734,108
2017-12-31 1,526,473 -5,336,522 726,701
2017-09-30 1,778,545 688,949
2017-06-30 1,766,515 677,203
2017-03-31 1,715,989 706,909
2016-12-31 1,748,827 -1,643,899 655,338
2016-09-30 1,368,593 648,044
2016-06-30 1,321,192 618,725
2016-03-31 1,280,262 582,890

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BLOM Bank SAL's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if BLOM Bank SAL is high growth as no revenue estimate data is available.
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:BLBD 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 2 Analyst Estimates (S&P Global) See Below

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

LSE:BLBD Future Estimates Data
Date (Data in LBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
LSE:BLBD Past Financials Data
Date (Data in LBP Millions) EPS *
2018-12-31 3,573.42
2018-09-30 3,574.08
2018-06-30 3,401.94
2018-03-31 3,422.67
2017-12-31 3,394.09
2017-09-30 3,331.88
2017-06-30 3,404.88
2017-03-31 3,444.23
2016-12-31 3,320.57
2016-09-30 3,314.61
2016-06-30 3,119.25
2016-03-31 2,906.85

*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.
  • BLOM Bank SAL is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BLOM Bank SAL'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.
BLOM Bank SAL has a total score of 0/6, 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.

BLBD Past Performance

  How has BLOM Bank SAL 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 BLOM Bank SAL'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.
  • BLOM Bank SAL's year on year earnings growth rate has been positive over the past 5 years.
  • BLOM Bank SAL's 1-year earnings growth is less than its 5-year average (5.4% vs 9.9%)
  • BLOM Bank SAL's earnings growth has not exceeded the GB Banks industry average in the past year (5.4% vs 42.2%).
Earnings and Revenue History
BLOM Bank SAL'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 BLOM Bank SAL Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BLBD Past Revenue, Cash Flow and Net Income Data
Date (Data in LBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,530,815.00 765,757.00 414,412.00
2018-09-30 1,705,983.00 765,820.00 412,784.00
2018-06-30 1,558,362.00 742,257.00 408,837.00
2018-03-31 1,562,134.00 734,108.00 403,648.00
2017-12-31 1,526,473.00 726,701.00 381,329.00
2017-09-30 1,778,545.00 688,949.00 374,512.00
2017-06-30 1,766,515.00 677,203.00 369,485.00
2017-03-31 1,715,989.00 706,909.00 510,380.00
2016-12-31 1,748,827.00 655,338.00 374,461.00
2016-09-30 1,368,593.00 648,044.00 375,138.00
2016-06-30 1,321,192.00 618,725.00 363,732.00
2016-03-31 1,280,262.00 582,890.00 353,462.00
2015-12-31 1,236,825.00 561,997.00 344,685.00
2015-09-30 1,204,192.00 533,837.00 341,624.00
2015-06-30 1,187,918.00 519,662.00 346,227.00
2015-03-31 1,179,070.97 535,528.27 489,818.25
2014-12-31 1,168,918.00 511,754.00 344,062.00
2014-09-30 1,146,203.37 508,815.90 342,223.69
2014-06-30 1,118,333.58 504,976.16 324,502.79
2014-03-31 1,103,523.30 523,002.57 450,075.91
2013-12-31 1,101,405.00 499,658.00 318,277.00
2013-09-30 1,079,655.89 490,181.16 318,979.65
2013-06-30 1,091,377.24 491,176.10 327,660.77
2013-03-31 1,048,318.38 502,293.79 432,248.73
2012-12-31 1,040,970.00 480,105.00 302,488.00
2012-09-30 1,085,045.43 830,566.54 414,483.35
2012-06-30 1,038,808.29 473,661.20 398,230.52

*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.
  • BLOM Bank SAL has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BLOM Bank SAL used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if BLOM Bank SAL 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 BLOM Bank SAL'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.
BLOM Bank SAL 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.

BLBD Health

 How is BLOM Bank SAL'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 BLOM Bank SAL'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 BLOM Bank SAL Company Filings, last reported 3 months ago.

LSE:BLBD Past Debt and Equity Data
Date (Data in LBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,927,291.00 7,814,710.00 6,051,217.00
2018-09-30 4,748,923.00 7,132,963.00 31,243,679.00
2018-06-30 4,536,694.00 5,779,883.00 28,747,050.00
2018-03-31 4,712,573.00 3,440,648.00 25,833,696.00
2017-12-31 4,530,621.00 2,350,207.00 5,730,963.00
2017-09-30 4,332,249.00 1,468,664.00 23,866,544.00
2017-06-30 4,129,297.00 1,289,699.00 20,022,501.00
2017-03-31 4,326,787.00 1,132,893.00 18,459,789.00
2016-12-31 4,420,630.00 590,296.00 8,995,559.00
2016-09-30 4,246,686.00 512,052.00 16,294,173.00
2016-06-30 4,094,376.00 529,888.00 15,436,109.00
2016-03-31 4,201,736.00 547,647.00 15,371,022.00
2015-12-31 4,102,805.00 501,072.00 10,117,196.00
2015-09-30 3,950,005.00 459,993.00 14,782,496.00
2015-06-30 3,822,865.00 461,431.00 14,562,688.00
2015-03-31 3,900,667.00 603,665.00 14,135,635.00
2014-12-31 3,803,078.00 477,516.00 10,177,172.00
2014-09-30 3,797,534.96 372,989.97 14,083,000.96
2014-06-30 3,663,050.11 367,012.23 14,235,152.90
2014-03-31 3,694,094.68 259,190.31 10,928,643.63
2013-12-31 3,540,846.00 216,326.00 12,514,336.00
2013-09-30 3,412,117.32 166,034.03 10,506,856.77
2013-06-30 3,275,905.94 178,143.84 10,190,255.94
2013-03-31 3,374,204.32 131,563.77 9,906,711.85
2012-12-31 3,289,008.00 192,993.00 13,731,387.00
2012-09-30 3,167,859.47 41,436.46 8,024,274.22
2012-06-30 3,035,417.65 13,045.87 7,524,979.91
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.
  • BLOM Bank SAL has an acceptable proportion of non-loan assets held.
  • BLOM Bank SAL's liabilities are made up of primarily low risk sources of funding.
  • Loans at BLOM Bank SAL are broadly funded by customer deposits.
  • BLOM Bank SAL's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • BLOM Bank SAL has a low allowance for bad loans.
  • BLOM Bank SAL has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess BLOM Bank SAL'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. BLOM Bank SAL 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.

BLBD Dividends

 What is BLOM Bank SAL'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
14.17%
Current annual income from BLOM Bank SAL dividends. Estimated to be 15.34% next year.
If you bought $2,000 of BLOM Bank SAL shares you are expected to receive $283 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?
  • BLOM Bank SAL's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • BLOM Bank SAL's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
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:BLBD 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 2 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.

LSE:BLBD Future Dividends Estimate Data
Date (Data in LBP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1,886.00 1.00
2020-12-31 1,840.74 1.00
2019-12-31 1,795.71 1.00
LSE:BLBD Past Annualized Dividends Data
Date (Data in LBP) Dividend per share (annual) Avg. Yield (%)
2018-03-29 1,700.000 11.379
2018-02-02 1,700.000 9.044
2017-05-15 1,500.000 8.127
2016-04-22 1,000.000 6.120
2015-05-04 1,000.000 6.681
2014-05-08 750.000 5.206
2013-04-30 675.000 5.008
2012-04-23 675.000 5.521
2011-03-28 675.000 5.520
2010-04-15 600.000 4.130
2009-04-21 550.000 4.494

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of BLOM Bank SAL's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess BLOM Bank SAL'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 BLOM Bank SAL afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BLOM Bank SAL has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BLBD Management

 What is the CEO of BLOM Bank SAL'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
Saad Azhari
AGE 57
TENURE AS CEO 12.3 years
CEO Bio

Mr. Saad Nomaan Azhari has been the Chairman and General Manager of Blom Bank Sal and its subsidiary Blominvest Bank S.A.L. since 2007. Mr. Azhari serves as Chairman & General Manager of Blom Bank Lebanon. He serves as Chairman & General Manager of Blom Development Bank. Mr. Azhari started his banking career in 1986 in PBZ Privat bank, an affiliate of the UBS Group, in which he worked until 1991. He joined BLOM BANK (Switzerland) in 1991 and was appointed its General Manager in 1997. In 1998, he was elected Chairman and General Manager of Blominvest Bank. At the same time, he was appointed Vice Chairman and General Manager at Blom Bank S.A.L. Since 2005, Mr. Azhari has been Chairman of BLOM BANK EGYPT. Since 2008, Mr. Azhari has been Chairman of BLOMBANK Qatar. He served Chairman of the Board at BLOM DEVELOPMENT Bank S.A.L. from 2006 to 2009. He serves as Vice-Chairman of BLOMINVEST SAUDI ARABIA. Mr. Azhari served as a Deputy Chairman of Blom Bank Sal. Mr. Azhari has been Director of Blom Bank Sal since 1996. He serves as Director of Blominvest Bank S.A.L. Mr. Azhari is also a Member of the Board of Directors of Société Fonçière du Liban et D'Outre-Mer S.A.L. He served as a Member of the Board of Directors of Bank Of Syria and Overseas S.A. Since 2001, he has been Vice- President of the Association of Banks in Lebanon. Mr. Azhari holds a Masters Degree in Computer Engineering and an MBA from the University of Michigan-AnnArbor in the United States.

CEO Compensation
  • Insufficient data for Saad to compare compensation growth.
  • Insufficient data for Saad 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 BLOM Bank SAL management team in years:

6.3
Average Tenure
56
Average Age
  • The average tenure for the BLOM Bank SAL management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Saad Azhari

TITLE
Chairman & GM
AGE
57
TENURE
12.3 yrs

Elias Aractingi

TITLE
General Manager
AGE
59
TENURE
6.3 yrs

Amr Azhari

TITLE
GM & Director
AGE
48
TENURE
11.3 yrs

Amine Awad

TITLE
General Manager
AGE
67
TENURE
2 yrs

Talal Baba

TITLE
Deputy GM
AGE
51
TENURE
2 yrs

Antoine Lawandos

TITLE
Chief Information Officer
AGE
55
TENURE
13.3 yrs

Mohamad Khaled

TITLE
Head of Administration
TENURE
2.7 yrs

Alexandre Mouradian

TITLE
Head of Investor Relations

Malek Costa

TITLE
Head of Group Compliance

Isabelle Naoum

TITLE
Head of Communication
Board of Directors Tenure

Average tenure and age of the BLOM Bank SAL board of directors in years:

5
Average Tenure
61
Average Age
  • The tenure for the BLOM Bank SAL board of directors is about average.
Board of Directors

Amr Azhari

TITLE
GM & Director
AGE
48
TENURE
4 yrs

Fadi Osseiran

TITLE
Executive Director
AGE
62
TENURE
11.3 yrs

Naaman Azhari

TITLE
Chairman & GM of Blom Bank Group
AGE
90
TENURE
12.3 yrs

Nicolas Saade

TITLE
Independent Director
AGE
68
TENURE
29.3 yrs

Saad Azhari

TITLE
Chairman & GM
AGE
57
TENURE
12.3 yrs

Marwan Jaroudi

TITLE
Lead Director
AGE
59
TENURE
3.3 yrs

Antoine Merheb

TITLE
Independent Director
AGE
79
TENURE
5 yrs

Saeb A. K. Zein

TITLE
Independent Director
AGE
60
TENURE
5 yrs

Jassim Al-Mannai

TITLE
Independent Director
AGE
70
TENURE
4 yrs

Ahmad Shaker

TITLE
Independent Director
AGE
54
TENURE
2 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 BLOM Bank SAL'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. BLOM Bank SAL 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.

BLBD News

Simply Wall St News

BLBD Company Info

Description

BLOM Bank SAL, together with its subsidiaries, provides various retail, commercial, investment, and private banking services in Lebanon, Europe, the Middle East, and North Africa. The company’s Retail Banking segment offers deposits, housing loans, consumer loans, credit cards, funds transfer and foreign exchange services, and other branch related services to meet the personal banking and consumer finance needs of individuals. Its Corporate Banking segment provides loans and other credit facilities, trade finance and foreign exchange services, and deposit and current accounts for corporate and institutional customers. The company’s Treasury, Money and Capital Markets segment offers various treasury and investment products and services to investors and other institutional customers. Its Asset Management and Private Banking segment primarily provides investment products and services to institutional investors and intermediaries. The company also offers various insurance products and services, such as life insurance, including term life, education plans, retirement plans, and investment products; medical insurance comprising hospitalization plans and out-hospital plans; and motor insurance consisting of all risk, third party liability, and orange card. In addition, its insurance products include marine insurance, such as cargo and hull; property insurance comprising fire and burglary; and miscellaneous credit insurance consisting of travel, personal accident, engineering, workmen's compensation, general third party liability, professional liability, and money insurance. Further, BLOM Bank SAL provides brokerage services and Islamic banking products and services. The company was formerly known as Banque du Liban et d'Outre-Mer and changed its name to BLOM Bank SAL in December 2000. BLOM Bank SAL was founded in 1951 and is headquartered in Beirut, Lebanon.

Details
Name: BLOM Bank SAL
BLBD
Exchange: LSE
Founded: 1951
$1,638,865,859
206,146,649
Website: http://www.blom.com.lb
Address: BLOM Bank SAL
BLOM BANK Building,
Verdun,
Beirut,
Lebanon
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BDB BLBD SPON GDR REP B Bourse de Beyrouth LB USD 13. Jul 1998
OTCPK BMBZ.F SPON GDR REP B Pink Sheets LLC US USD 13. Jul 1998
LSE BLBD SPON GDR REP B London Stock Exchange GB USD 13. Jul 1998
BDL BLOBK SPON GDR REP B Bourse de Luxembourg LU USD 13. Jul 1998
BATS-CHIXE BLBDL SPON GDR REP B BATS 'Chi-X Europe' GB USD 13. Jul 1998
BDB BLOM Common Shares Bourse de Beyrouth LB USD 08. Sep 2006
Number of employees
Current staff
Staff numbers
5,085
BLOM Bank SAL employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:52
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/04/12
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.