ENXTAM:ABN

Stock Analysis Report

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Executive Summary

ABN AMRO Bank N.V. provides various banking products and services in the Netherlands and internationally.


Snowflake Analysis

Good value with moderate growth potential.


Similar Companies

Share Price & News

How has ABN AMRO Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ABN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.6%

ABN

4.3%

NL Banks

3.5%

NL Market


1 Year Return

-56.8%

ABN

-27.6%

NL Banks

-10.9%

NL Market

Return vs Industry: ABN underperformed the Dutch Banks industry which returned -27.6% over the past year.

Return vs Market: ABN underperformed the Dutch Market which returned -10.9% over the past year.


Shareholder returns

ABNIndustryMarket
7 Day7.6%4.3%3.5%
30 Day-8.4%-3.7%1.0%
90 Day6.2%11.2%14.4%
1 Year-55.2%-56.8%-26.4%-27.6%-8.0%-10.9%
3 Year-59.7%-65.8%-34.0%-40.7%10.4%-1.0%
5 Yearn/a-34.4%-47.0%28.4%4.4%

Price Volatility Vs. Market

How volatile is ABN AMRO Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ABN AMRO Bank undervalued compared to its fair value and its price relative to the market?

7.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ABN (€8.25) is trading above our estimate of fair value (€6.16)

Significantly Below Fair Value: ABN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ABN is good value based on its PE Ratio (7x) compared to the Banks industry average (9.1x).

PE vs Market: ABN is good value based on its PE Ratio (7x) compared to the Dutch market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: ABN is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: ABN is good value based on its PB Ratio (0.4x) compared to the XE Banks industry average (0.6x).


Next Steps

Future Growth

How is ABN AMRO Bank forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

67.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABN's forecast earnings growth (67.4% per year) is above the savings rate (0.4%).

Earnings vs Market: ABN's earnings (67.4% per year) are forecast to grow faster than the Dutch market (20.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ABN's revenue (1% per year) is forecast to grow slower than the Dutch market (7.1% per year).

High Growth Revenue: ABN's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ABN's Return on Equity is forecast to be low in 3 years time (5.7%).


Next Steps

Past Performance

How has ABN AMRO Bank performed over the past 5 years?

2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABN has high quality earnings.

Growing Profit Margin: ABN's current net profit margins (15.7%) are lower than last year (25.7%).


Past Earnings Growth Analysis

Earnings Trend: ABN's earnings have grown by 2.9% per year over the past 5 years.

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

Earnings vs Industry: ABN had negative earnings growth (-49.9%) over the past year, making it difficult to compare to the Banks industry average (-0.9%).


Return on Equity

High ROE: ABN's Return on Equity (5.7%) is considered low.


Next Steps

Financial Health

How is ABN AMRO Bank'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: ABN's Assets to Equity ratio (19.6x) is moderate.

Allowance for Bad Loans: ABN has a low allowance for bad loans (38%).

Low Risk Liabilities: 62% of ABN's liabilities are made up of primarily low risk sources of funding.

Loan Level: ABN has an appropriate level of Loans to Assets ratio (77%).

Low Risk Deposits: ABN's Loans to Deposits ratio (131%) is high.

Level of Bad Loans: ABN has a high level of bad loans (2.5%).


Next Steps

Dividend

What is ABN AMRO Bank current dividend yield, its reliability and sustainability?

15.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ABN's dividend (15.52%) is higher than the bottom 25% of dividend payers in the Dutch market (2.21%).

High Dividend: ABN's dividend (15.52%) is in the top 25% of dividend payers in the Dutch market (6.27%)


Stability and Growth of Payments

Stable Dividend: ABN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ABN's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (109.1%), ABN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ABN's dividends in 3 years are forecast to be covered by earnings (54.2% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Robert Swaak (60yo)

0.25

Tenure

Mr. Robert Swaak serves as Chief Executive Officer, Chairman of Management Board and Member of Management Board at ABN AMRO Bank NV since April 22, 2020. He has previously held various executive positions  ...


Leadership Team

NamePositionTenureCompensationOwnership
Clifford Abrahams
Vice-Chairman of Executive Board & CFO2.33yrs€850.00k0.0019% 144.2k
Tanja J. A. Cuppen
Chief Risk Officer & Member of the Executive Board2.75yrs€850.00kno data
Christian Bornfeld
Chief Innovation & Technology Officer and Member of the Executive Board2.33yrs€850.00k0.00051% 39.5k
Rutger van Nouhuijs
Chief Executive Officer of Corporate & Institutional Banking2.67yrs€901.00kno data
Frans M. van der Horst
Chief Executive Officer of Retail Banking2.67yrs€879.00kno data
Pieter van Mierlo
Chief Executive Officer of Private Banking2.67yrs€791.00kno data
Daphne de Kluis
Chief Executive Officer of Commercial Banking2.67yrs€820.00kno data
Robert Swaak
CEO & Chairman of Management Board0.25yrno datano data
Hugo Peek
Regional Head of EMEA for Corporate & Institutional Bankingno datano datano data
Dies Donker
Head of Investor Relationsno datano datano data

2.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: ABN's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tom de Swaan
Independent Chairman of the Supervisory Board2yrs€90.00kno data
Jurgen B. Stegmann
Independent Member of Supervisory Board3.92yrs€78.00kno data
J. S. Tiemstra
Independent Member of Supervisory Board4.17yrs€78.00kno data
Anna Storåkers
Independent Supervisory Board Member1.25yrs€43.00kno data
L. Griffith
Independent Member of Supervisory Board0.58yr€3.00kno data
Michiel Lap
Independent Supervisory Board Member1.25yrs€50.00kno data
Arjen Dorland
Independent Vice Chairman of Supervisory Board1.17yrs€75.00kno data

1.3yrs

Average Tenure

60yo

Average Age

Experienced Board: ABN'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

ABN AMRO Bank N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ABN AMRO Bank N.V.
  • Ticker: ABN
  • Exchange: ENXTAM
  • Founded: 2009
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €7.751b
  • Shares outstanding: 940.00m
  • Website: https://www.abnamro.nl

Number of Employees


Location

  • ABN AMRO Bank N.V.
  • Gustav Mahlerlaan 10
  • Amsterdam
  • Noord-Holland
  • 1082 PP
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABNENXTAM (Euronext Amsterdam)YesDR EACH REP SHSNLEURNov 2015
ABNABATS-CHIXE (BATS 'Chi-X Europe')YesDR EACH REP SHSGBEURNov 2015
AB2DB (Deutsche Boerse AG)YesDR EACH REP SHSDEEURNov 2015
0RDMLSE (London Stock Exchange)YesDR EACH REP SHSGBEURNov 2015
ABMR.FOTCPK (Pink Sheets LLC)YesDR EACH REP SHSUSUSDNov 2015
ABNWBAG (Wiener Boerse AG)YesDR EACH REP SHSATEURNov 2015
AAVM.YOTCPK (Pink Sheets LLC)UNSPONSORD ADSUSUSDAug 2019

Biography

ABN AMRO Bank N.V. provides various banking products and services in the Netherlands and internationally. It operates through Retail Banking, Commercial Banking, Private Banking, and Corporate & Institutional Banking segments. The Retail Banking segment offers banking products and services, including labelled residential mortgage products under the Florius and Moneyou names; and consumer loans under the Alpha Credit Nederland, Credivance, Defam, and GreenLoans names. It also issues, promotes, manages, and processes credit cards; and provides revolving credit card facilities and pension schemes, as well as Internet banking services for payment and savings accounts and mortgages, as well as consumer credit and mortgages. The Commercial Banking segment offers asset-based solutions, including working capital solutions, equipment leases and loans, and vendor lease services to business clients and clients. The Private Banking segment provides private banking and private wealth-management-related services. The Corporate & Institutional Banking segment offers derivatives and equity clearing, trade, and commodity finance services. ABN AMRO Bank N.V. was incorporated in 2009 and is headquartered in Amsterdam, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 20:50
End of Day Share Price2020/07/07 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.