Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 2/6 |
Past Performance | 5/6 |
Financial Health | 4/6 |
Dividends | 4/6 |
TBCG Stock Overview
TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.
TBC Bank Group Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | UK£15.46 |
52 Week High | UK£16.86 |
52 Week Low | UK£8.32 |
Beta | 1.22 |
1 Month Change | 28.19% |
3 Month Change | 15.72% |
1 Year Change | 18.74% |
3 Year Change | 18.92% |
5 Year Change | -2.46% |
Change since IPO | 42.49% |
Recent News & Updates
With EPS Growth And More, TBC Bank Group (LON:TBCG) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
TBC Bank Group PLC (LON:TBCG) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
Last week saw the newest first-quarter earnings release from TBC Bank Group PLC ( LON:TBCG ), an important milestone in...
Shareholder Returns
TBCG | GB Banks | GB Market | |
---|---|---|---|
7D | 4.2% | 1.4% | -0.3% |
1Y | 18.7% | 10.4% | -9.1% |
Return vs Industry: TBCG exceeded the UK Banks industry which returned 9.7% over the past year.
Return vs Market: TBCG exceeded the UK Market which returned -8.9% over the past year.
Price Volatility
TBCG volatility | |
---|---|
TBCG Average Weekly Movement | 5.4% |
Banks Industry Average Movement | 4.9% |
Market Average Movement | 5.4% |
10% most volatile stocks in GB Market | 10.8% |
10% least volatile stocks in GB Market | 2.7% |
Stable Share Price: TBCG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TBCG's weekly volatility (5%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1992 | 9,862 | Vakhtang Butskhrikidze | https://www.tbcbankgroup.com |
TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan. The company operates through Retail; Corporate; and Micro, Small and Medium Enterprises segments. It offers various current/settlement accounts, and term deposits; mortgage, consumer, retail, and corporate loans, as well as loans for micro, small, and medium enterprises; credit cards, credit lines, letters of credit, and guarantees; and money transfer and currency exchange services.
TBC Bank Group Fundamentals Summary
TBCG fundamental statistics | |
---|---|
Market Cap | GEL2.79b |
Earnings (TTM) | GEL874.22m |
Revenue (TTM) | GEL1.58b |
3.2x
P/E Ratio0.7x
P/B RatioIs TBCG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
TBCG income statement (TTM) | |
---|---|
Revenue | GEL1.58b |
Cost of Revenue | GEL0 |
Gross Profit | GEL1.58b |
Other Expenses | GEL710.53m |
Earnings | GEL874.22m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 12, 2022
Earnings per share (EPS) | 16.04 |
Gross Margin | 100.00% |
Net Profit Margin | 55.16% |
Debt/Equity Ratio | 146.9% |
How did TBCG perform over the long term?
See historical performance and comparisonDividends
8.4%
Current Dividend Yield25%
Payout RatioValuation
Is TBCG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TBCG?
Other financial metrics that can be useful for relative valuation.
What is TBCG's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | GEL2.79b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | n/a |
Enterprise Value/EBITDA | n/a |
PEG Ratio | 0.3x |
Price to Earnings Ratio vs Peers
How does TBCG's PE Ratio compare to its peers?
TBCG PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 4.1x | ||
BGEO Bank of Georgia Group | 3.2x | 7.7% | UK£810.0m |
CBG Close Brothers Group | 8.5x | 7.7% | UK£1.7b |
HSBK JSC Halyk Bank | 2.5x | 10.2% | US$2.6b |
TCS TCS Group Holding | 2.1x | 20.7% | US$2.2b |
TBCG TBC Bank Group | 3.2x | 9.2% | UK£842.8m |
Price-To-Earnings vs Peers: TBCG is good value based on its Price-To-Earnings Ratio (3.2x) compared to the peer average (4.1x).
Price to Earnings Ratio vs Industry
How does TBCG's PE Ratio compare vs other companies in the European Banks Industry?
Price-To-Earnings vs Industry: TBCG is good value based on its Price-To-Earnings Ratio (3.2x) compared to the UK Banks industry average (6.6x)
Price to Earnings Ratio vs Fair Ratio
What is TBCG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 3.2x |
Fair PE Ratio | 10.1x |
Price-To-Earnings vs Fair Ratio: TBCG is good value based on its Price-To-Earnings Ratio (3.2x) compared to the estimated Fair Price-To-Earnings Ratio (10.1x).
Share Price vs Fair Value
What is the Fair Price of TBCG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TBCG (£15.46) is trading below our estimate of fair value (£110.95)
Significantly Below Fair Value: TBCG is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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Future Growth
How is TBC Bank Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TBCG's forecast earnings growth (9.2% per year) is above the savings rate (0.9%).
Earnings vs Market: TBCG's earnings (9.2% per year) are forecast to grow slower than the UK market (9.4% per year).
High Growth Earnings: TBCG's earnings are forecast to grow, but not significantly.
Revenue vs Market: TBCG's revenue (14% per year) is forecast to grow faster than the UK market (3.9% per year).
High Growth Revenue: TBCG's revenue (14% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TBCG's Return on Equity is forecast to be low in 3 years time (19.9%).
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Past Performance
How has TBC Bank Group performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TBCG has high quality earnings.
Growing Profit Margin: TBCG's current net profit margins (55.2%) are higher than last year (50.2%).
Past Earnings Growth Analysis
Earnings Trend: TBCG's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: TBCG's earnings growth over the past year (66.1%) exceeds its 5-year average (16.2% per year).
Earnings vs Industry: TBCG earnings growth over the past year (66.1%) exceeded the Banks industry 55.3%.
Return on Equity
High ROE: Whilst TBCG's Return on Equity (22.58%) is high, this metric is skewed due to their high level of debt.
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Financial Health
How is TBC Bank Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
4/6Financial Health Score 4/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TBCG's Assets to Equity ratio (6.4x) is low.
Allowance for Bad Loans: TBCG has a low allowance for bad loans (81%).
Low Risk Liabilities: 71% of TBCG's liabilities are made up of primarily low risk sources of funding.
Loan Level: TBCG has an appropriate level of Loans to Assets ratio (69%).
Low Risk Deposits: TBCG's Loans to Deposits ratio (114%) is appropriate.
Level of Bad Loans: TBCG has a high level of bad loans (2.8%).
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Dividend
What is TBC Bank Group current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
8.45%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TBCG's dividend (8.45%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: TBCG's dividend (8.45%) is in the top 25% of dividend payers in the UK market (5.11%)
Stability and Growth of Payments
Stable Dividend: TBCG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TBCG's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (24.9%), TBCG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TBCG's dividends in 3 years are forecast to be well covered by earnings (37.3% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
7.9yrs
Average management tenure
CEO
Vakhtang Butskhrikidze
6.25yrs
Tenure
GEL6,910,746
Compensation
Mr. Vakhtang Butskhrikidze serves as the Chief Executive Officer of TBC Bank Group PLC since May 2016. Mr. Butskhrikidze serves as Chief Executive Officer and Member of Management Board of JSC TBC Bank. Mr...
CEO Compensation Analysis
Compensation vs Market: Vakhtang's total compensation ($USD2.55M) is above average for companies of similar size in the UK market ($USD1.37M).
Compensation vs Earnings: Vakhtang's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: TBCG's management team is seasoned and experienced (7.9 years average tenure).
Board Members
Experienced Board: TBCG's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
TBC Bank Group PLC's employee growth, exchange listings and data sources
Key Information
- Name: TBC Bank Group PLC
- Ticker: TBCG
- Exchange: LSE
- Founded: 1992
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: UK£842.794m
- Shares outstanding: 54.51m
- Website: https://www.tbcbankgroup.com
Number of Employees
Location
- TBC Bank Group PLC
- 7 Marjanishvili Street
- Tbilisi
- 102
- Georgia
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/08/11 00:00 |
End of Day Share Price | 2022/08/11 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.