BUSE:TAKAREKJZB

Stock Analysis Report

Takarék Jelzálogbank Nyrt

Executive Summary

Takarék Jelzálogbank Nyrt., together with its subsidiaries, provides mortgage banking services in Hungary.


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

How has Takarék Jelzálogbank Nyrt's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TAKAREKJZB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

TAKAREKJZB

-1.3%

HU Mortgage

-2.8%

HU Market


1 Year Return

-24.6%

TAKAREKJZB

11.3%

HU Mortgage

5.6%

HU Market

Return vs Industry: TAKAREKJZB underperformed the Hungarian Mortgage industry which returned 15.2% over the past year.

Return vs Market: TAKAREKJZB underperformed the Hungarian Market which returned 9.7% over the past year.


Shareholder returns

TAKAREKJZBIndustryMarket
7 Day-1.1%-1.3%-2.8%
30 Day-1.9%-1.9%-3.4%
90 Day-7.0%5.8%5.9%
1 Year-24.6%-24.6%15.5%11.3%8.5%5.6%
3 Year10.4%10.4%46.4%31.7%45.6%33.6%
5 Year-23.0%-23.0%61.4%45.5%186.4%150.2%

Price Volatility Vs. Market

How volatile is Takarék Jelzálogbank Nyrt's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Takarék Jelzálogbank Nyrt undervalued compared to its fair value and its price relative to the market?

7.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TAKAREKJZB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TAKAREKJZB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TAKAREKJZB is good value based on its PE Ratio (7.8x) compared to the Mortgage industry average (10.5x).

PE vs Market: TAKAREKJZB is good value based on its PE Ratio (7.8x) compared to the Hungarian market (15.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TAKAREKJZB is overvalued based on its PB Ratio (1.3x) compared to the XE Mortgage industry average (0.8x).


Next Steps

Future Growth

How is Takarék Jelzálogbank Nyrt forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.1%

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 Takarék Jelzálogbank Nyrt 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.


Next Steps

Past Performance

How has Takarék Jelzálogbank Nyrt performed over the past 5 years?

35.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TAKAREKJZB has a high level of non-cash earnings.

Growing Profit Margin: TAKAREKJZB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TAKAREKJZB has become profitable over the past 5 years, growing earnings by 35.2% per year.

Accelerating Growth: TAKAREKJZB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TAKAREKJZB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage industry (-1.6%).


Return on Equity

High ROE: TAKAREKJZB's Return on Equity (12.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Takarék Jelzálogbank Nyrt'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

Inventory Level: TAKAREKJZB has a low level of unsold assets or inventory.

Debt Coverage by Assets: TAKAREKJZB's debt is covered by short term assets (assets are 2.3x debt).


Financial Institutions Analysis

Asset Level: TAKAREKJZB's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if TAKAREKJZB has a sufficient allowance for bad loans.

Low Risk Liabilities: TAKAREKJZB's liabilities are made up of primarily higher risk sources of funding.

Loan Level: TAKAREKJZB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TAKAREKJZB's loans are broadly funded by customer deposits.

Level of Bad Loans: Insufficient data to determine if TAKAREKJZB has an appropriate level of bad loans.


Next Steps

Dividend

What is Takarék Jelzálogbank Nyrt's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage5.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate TAKAREKJZB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TAKAREKJZB's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Takarék Jelzálogbank Nyrt's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average board tenure


CEO

Gyula Nagy 0

2.8yrs

Tenure

0

Dr. Gyula László Nagy serves as the Chief Executive Officer and Director at FHB Jelzálogbank Nyrt. Dr. Nagy has been the Head of Partner Refinancing Department at FHB Co. Plc. since October 2007, leading t ...


Board Age and Tenure

3.0yrs

Average Tenure

Experienced Board: TAKAREKJZB's board of directors are considered experienced (3 years average tenure).


Insider Trading

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.


Management Team

  • Gábor Fejér

    Deputy Chief Executive Office for IT

    • Tenure: 4.6yrs
  • Szuda Janos

    Managing Director

    • Bozzai Rita

      Large Shareholders Liaison Officer & Secretary

      • Gyula Nagy

        CEO & Director

        • Tenure: 2.8yrs
      • Edit Erika Tóth

        Deputy CEO & Director


        Board Members

        • Gábor Soltész

          External Director

          • Tenure: 3.2yrs
        • György Pórfy

          Member of the Supervisory Board

          • Tenure: 3yrs
        • Zsolt Harmath (44yo)

          Chairman of the Supervisory Board

          • Tenure: 3yrs
        • József Vida

          Chairman of the Board

          • Tenure: 3.1yrs
        • Attila Mészáros

          Director

          • Tenure: 1yrs
        • Gyula Nagy

          CEO & Director

          • Tenure: 2.8yrs
        • Kadosa Antal

          Supervisory Board Member

          • Tenure: 1yrs
        • Balázs Reiniger

          Member of the Supervisory Board

          • Tenure: 3yrs
        • Edit Erika Tóth

          Deputy CEO & Director

          • Éva Hegedus

            Director

            • Tenure: 1.3yrs

          Company Information

          Takarék Jelzálogbank Nyrt.'s company bio, employee growth, exchange listings and data sources


          Key Information

          • Name: Takarék Jelzálogbank Nyrt.
          • Ticker: TAKAREKJZB
          • Exchange: BUSE
          • Founded: 1997
          • Industry: Thrifts and Mortgage Finance
          • Sector: Banks
          • Market Cap: Ft57.365b
          • Shares outstanding: 108.24m
          • Website: https://www.takarek.hu/tarsasag/Rolunk

          Number of Employees


          Location

          • Takarék Jelzálogbank Nyrt.
          • Ülloi út 48
          • Budapest
          • 1082
          • Hungary

          Listings

          TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
          TAKAREKJZBBUSE (Budapest Stock Exchange)YesClass A Ordinary SharesHUHUFNov 2003
          FH21DB (Deutsche Boerse AG)YesClass A Ordinary SharesDEEURNov 2003
          0KW6LSE (London Stock Exchange)YesClass A Ordinary SharesGBHUFNov 2003

          Biography

          Takarék Jelzálogbank Nyrt., together with its subsidiaries, provides mortgage banking services in Hungary. The company operates through Retail, Corporate, Investment Services, Treasury, Refinancing, and Other segments. It offers various deposits, savings, and bank accounts; housing loans, consumer loans, corporate loans, and commercial real estate loans; and bank cards and electronic payment systems services. The company also refinances mortgage loans provided by commercial banks to their customers. In addition, it provides real estate collateral valuation, investment, agency and sales, and management services; purchase, handles, and collects receivables of retail customers; investment services; electronic bill payment services; liquidity management, and asset and liability services; fund and property management services; leasing services; and IT services. The company was formerly known as FHB Jelzálogbank Nyrt. Takarék Jelzálogbank Nyrt. was founded in 1997 and is based in Budapest, Hungary. 


          Company Analysis and Financial Data Status

          All financial data provided by Standard & Poor's Capital IQ.
          DataLast Updated (UTC time)
          Company Analysis2020/01/19 20:47
          End of Day Share Price2020/01/17 00:00
          Earnings2019/06/30
          Annual Earnings2018/12/31


          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.