TBC Bank Group
Market Cap
UK£721.0m
Last Updated
2020/11/24 20:50 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet.
Similar Companies
Share Price & News
How has TBC Bank Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TBCG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TBCG's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
7.1%
TBCG
7.0%
GB Banks
0.9%
GB Market
1 Year Return
8.5%
TBCG
-28.1%
GB Banks
-9.1%
GB Market
Return vs Industry: TBCG exceeded the UK Banks industry which returned -31.2% over the past year.
Return vs Market: TBCG exceeded the UK Market which returned -10.2% over the past year.
Shareholder returns
| TBCG | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.1% | 7.0% | 0.9% |
| 30 Day | 37.3% | 27.6% | 9.2% |
| 90 Day | 45.9% | 26.8% | 6.6% |
| 1 Year | 8.5%8.5% | -27.9%-28.1% | -5.5%-9.1% |
| 3 Year | -7.4%-13.3% | -34.1%-40.5% | 1.4%-11.0% |
| 5 Year | n/a | -19.7%-32.9% | 26.5%-2.2% |
Long-Term Price Volatility Vs. Market
How volatile is TBC Bank Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
How Should Investors React To TBC Bank Group's (LON:TBCG) CEO Pay?2 months ago | Simply Wall St
This Insider Has Just Sold Shares In TBC Bank Group PLC (LON:TBCG)2 months ago | Simply Wall St
TBC Bank Group's(LON:TBCG) Share Price Is Down 42% Over The Past Three Years.Valuation
Is TBC Bank Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TBCG (£13.26) is trading below our estimate of fair value (£33.8)
Significantly Below Fair Value: TBCG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TBCG is good value based on its PE Ratio (8.4x) compared to the GB Banks industry average (10.8x).
PE vs Market: TBCG is good value based on its PE Ratio (8.4x) compared to the UK market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: TBCG is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: TBCG is overvalued based on its PB Ratio (1.1x) compared to the GB Banks industry average (0.5x).
Next Steps
Future Growth
How is TBC Bank Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
24.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TBCG's forecast earnings growth (24.2% per year) is above the savings rate (1.2%).
Earnings vs Market: TBCG's earnings (24.2% per year) are forecast to grow slower than the UK market (26.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TBCG's revenue (14% per year) is forecast to grow faster than the UK market (6.7% 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 (18.8%).
Next Steps
Past Performance
How has TBC Bank Group performed over the past 5 years?
13.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TBCG has a high level of non-cash earnings.
Growing Profit Margin: TBCG's current net profit margins (43.7%) are lower than last year (50.7%).
Past Earnings Growth Analysis
Earnings Trend: TBCG's earnings have grown by 13.6% per year over the past 5 years.
Accelerating Growth: TBCG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TBCG had negative earnings growth (-25.7%) over the past year, making it difficult to compare to the Banks industry average (-25.7%).
Return on Equity
High ROE: TBCG's Return on Equity (13.5%) is considered low.
Next Steps
Financial Health
How is TBC Bank Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TBCG's Assets to Equity ratio (7.7x) is low.
Allowance for Bad Loans: TBCG has a sufficient allowance for bad loans (113%).
Low Risk Liabilities: 65% 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 (66%).
Low Risk Deposits: TBCG's Loans to Deposits ratio (116%) is appropriate.
Level of Bad Loans: TBCG has a high level of bad loans (3.2%).
Next Steps
Dividend
What is TBC Bank Group current dividend yield, its reliability and sustainability?
4.87%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TBCG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TBCG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TBCG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TBCG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TBCG is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TBCG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Vakhtang Butskhrikidze
4.5yrs
Tenure
GEL1,886,994
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 ($USD5.41M) is above average for companies of similar size in the UK market ($USD1.04M).
Compensation vs Earnings: Vakhtang's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.5yrs | GEL1.89m | 1.45% GEL 10.4m | |
| CFO & Member of Management Board | 0.083yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Head of the Retail Loans Department | 7.83yrs | no data | no data | |
| Head of Customer Experience | no data | no data | no data | |
| Head of Customer Experience Management group | 8.67yrs | no data | no data | |
| Deputy Head of Business Analysis and Quality Assurance | 7.83yrs | no data | no data | |
| Head of Software Development Department | 8.17yrs | no data | no data | |
| Chief Economist | 2.92yrs | no data | no data | |
| Chief Executive Officer of TBC Insurance | 1.83yrs | no data | no data | |
| Deputy Head of Sales Department | no data | no data | no data |
6.2yrs
Average Tenure
Experienced Management: TBCG's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.5yrs | GEL1.89m | 1.45% GEL 10.4m | |
| Independent Chairman | 1.33yrs | GEL248.00k | 0.018% GEL 132.6k | |
| Independent Non-Executive Director | 1.17yrs | GEL68.00k | no data | |
| Independent Non-Executive Director | 1.25yrs | GEL51.00k | no data | |
| Senior Independent Non-Executive Director | 1.25yrs | GEL157.00k | no data | |
| Independent Non-Executive Director | 2.17yrs | GEL149.00k | no data | |
| Independent Non-Executive Director | 2.17yrs | GEL144.00k | no data | |
| Independent Non Executive Director | 0.33yr | no data | no data |
1.3yrs
Average Tenure
62yo
Average Age
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: TBCG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
TBC Bank Group PLC's company bio, 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
- Market Cap: UK£721.048m
- Shares outstanding: 54.38m
- Website: https://www.tbcbankgroup.com
Number of Employees
Location
- TBC Bank Group PLC
- 7 Marjanishvili Street
- Tbilisi
- 102
- Georgia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TBCG | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Aug 2016 |
| TBCGL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Aug 2016 |
| TBCC.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Aug 2016 |
Biography
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 op...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 20:50 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.