ZABA

Zagrebacka banka d.dZGSE:ZABA Stock Report

Market Cap

Kn19.9b

7D

0.6%

1Y

20.2%

Updated

16 Sep, 2021

Data

Company Financials
ZABA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

ZABA Overview

Zagrebacka banka d.d., together with its subsidiaries, provides financial and banking services primarily in the Republic of Croatia, and Bosnia and Herzegovina.

Rewards

Trading at 17% below our estimate of its fair value

Risk Analysis

No risks detected for ZABA from our risk checks.

Share Price & News

How has Zagrebacka banka d.d's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ZABA is less volatile than 75% of HR stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ZABA's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0.6%

ZABA

0.8%

HR Banks

-0.1%

HR Market


1 Year Return

20.2%

ZABA

44.1%

HR Banks

15.2%

HR Market

Return vs Industry: ZABA matched the HR Banks industry which returned 19.7% over the past year.

Return vs Market: ZABA exceeded the HR Market which returned 15.1% over the past year.


Shareholder returns

ZABAIndustryMarket
7 Day0.6%0.8%-0.1%
30 Day0%0.4%-0.4%
90 Day6.9%2.3%2.5%
1 Year20.2%20.2%49.2%44.1%16.6%15.2%
3 Year15.3%4.7%-6.7%-14.7%16.2%8.8%
5 Year62.1%27.9%55.5%25.7%11.6%0.5%

Long-Term Price Volatility Vs. Market

How volatile is Zagrebacka banka d.d's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Zagrebacka banka d.d Fundamentals Summary

How do Zagrebacka banka d.d's earnings and revenue compare to its market cap?
ZABA fundamental statistics
Market CapKn19.85b
Earnings (TTM)Kn1.05b
Revenue (TTM)Kn4.05b

19.0x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZABA income statement (TTM)
RevenueKn4.05b
Cost of RevenueKn0
Gross ProfitKn4.05b
ExpensesKn3.01b
EarningsKn1.05b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.27
Gross Margin100.00%
Net Profit Margin25.79%
Debt/Equity Ratio3.8%

How did ZABA perform over the long term?

See historical performance and comparison

Valuation

Is Zagrebacka banka d.d undervalued compared to its fair value and its price relative to the market?

17.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ZABA (HRK62) is trading below our estimate of fair value (HRK74.68)

Significantly Below Fair Value: ZABA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ZABA is poor value based on its PE Ratio (19x) compared to the HR Banks industry average (10.7x).

PE vs Market: ZABA is poor value based on its PE Ratio (19x) compared to the HR market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ZABA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ZABA is overvalued based on its PB Ratio (1x) compared to the HR Banks industry average (0.5x).


Future Growth

How is Zagrebacka banka d.d forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zagrebacka banka d.d has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Zagrebacka banka d.d performed over the past 5 years?

1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZABA has high quality earnings.

Growing Profit Margin: ZABA's current net profit margins (25.8%) are lower than last year (26.7%).


Past Earnings Growth Analysis

Earnings Trend: ZABA's earnings have grown by 1.2% per year over the past 5 years.

Accelerating Growth: ZABA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ZABA had negative earnings growth (-17.6%) over the past year, making it difficult to compare to the Banks industry average (14.3%).


Return on Equity

High ROE: ZABA's Return on Equity (5.1%) is considered low.


Financial Health

How is Zagrebacka banka d.d'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: ZABA's Assets to Equity ratio (7.4x) is low.

Allowance for Bad Loans: ZABA has a low allowance for bad loans (89%).

Low Risk Liabilities: 97% of ZABA's liabilities are made up of primarily low risk sources of funding.

Loan Level: ZABA has an appropriate level of Loans to Assets ratio (64%).

Low Risk Deposits: ZABA's Loans to Deposits ratio (77%) is appropriate.

Level of Bad Loans: ZABA has a high level of bad loans (5.7%).


Dividend

What is Zagrebacka banka d.d current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ZABA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ZABA'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 ZABA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZABA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ZABA is not paying a notable dividend for the HR market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ZABA's dividend in 3 years as they are not forecast to pay a notable one for the HR market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Ivan Vlaho (48 yo)

no data

Tenure

Mr. Ivan Vlaho is Chairman of the Supervisory Board at UniCredit Jelzálogbank Zrt. since 2020. He had been Deputy Chief Executive Officer and Vice Chairman of the Management Board at UniCredit Bank Hungary...


Leadership Team

Experienced Management: ZABA's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: ZABA's board of directors are considered experienced (3.7 years average tenure).


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

Zagrebacka banka d.d.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zagrebacka banka d.d.
  • Ticker: ZABA
  • Exchange: ZGSE
  • Founded: 1914
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: Kn19.852b
  • Shares outstanding: 320.20m
  • Website: https://www.zaba.hr

Number of Employees


Location

  • Zagrebacka banka d.d.
  • Trg bana Josipa Jelacica 10
  • Zagreb
  • 10000
  • Croatia

Listings


Biography

Zagrebacka banka d.d., together with its subsidiaries, provides financial and banking services primarily in the Republic of Croatia, and Bosnia and Herzegovina. The company operates through four segments:...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 05:13
End of Day Share Price2021/09/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.