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NIBC Holding

ENXTAM:NIBC
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NIBC
ENXTAM
€1B
Market Cap
  1. Home
  2. NL
  3. Banks
Company description

NIBC Holding N.V. provides corporate and retail banking products and services in the Netherlands, Germany, Belgium, and the United Kingdom. The last earnings update was 85 days ago. More info.


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NIBC Share Price and Events
7 Day Returns
-1.1%
ENXTAM:NIBC
-0.4%
Europe Banks
0.6%
NL Market
1 Year Returns
-2.8%
ENXTAM:NIBC
-18.9%
Europe Banks
-3%
NL Market
NIBC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NIBC Holding (NIBC) -1.1% -8.4% -7% -2.8% - -
Europe Banks -0.4% -7.6% -1.4% -18.9% -1.7% -26.6%
NL Market 0.6% -2% 3.3% -3% 26% 26.1%
1 Year Return vs Industry and Market
  • NIBC outperformed the Banks industry which returned -18.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is NIBC Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NIBC Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NIBC Holding.

ENXTAM:NIBC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €13.06 * 8.9%
€1.17
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. €13.06
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year NL Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTAM:NIBC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 25%) (695.03%))
2.769
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.37% + (2 * 5.96%)
12.29%

Discounted Cash Flow Calculation for ENXTAM:NIBC using Excess Returns Model Model

The calculations below outline how an intrinsic value for NIBC Holding is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTAM:NIBC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.9% – 12.29%) * €13.06)
€-0.44
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.44 / (12.29% - 0.37%)
€-3.69
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €13.06 + €-3.69
€9.37
ENXTAM:NIBC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €9.37
Current discount Discount to share price of €8.13
= -1 x (€8.13 - €9.37) / €9.37
13.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price NIBC Holding is available for.
Intrinsic value
13%
Share price is €8.13 vs Future cash flow value of €9.37
Current Discount Checks
For NIBC Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NIBC Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • NIBC Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NIBC Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NIBC Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:NIBC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.49
ENXTAM:NIBC Share Price ** ENXTAM (2019-05-22) in EUR €8.13
Europe Banks Industry PE Ratio Median Figure of 163 Publicly-Listed Banks Companies 9.27x
Netherlands Market PE Ratio Median Figure of 80 Publicly-Listed Companies 16.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NIBC Holding.

ENXTAM:NIBC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:NIBC Share Price ÷ EPS (both in EUR)

= 8.13 ÷ 1.49

5.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NIBC Holding is good value based on earnings compared to the Europe Banks industry average.
  • NIBC Holding is good value based on earnings compared to the Netherlands market.
Price based on expected Growth
Does NIBC Holding's expected growth come at a high price?
Raw Data
ENXTAM:NIBC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-4.4%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.77x
Netherlands Market PEG Ratio Median Figure of 66 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

ENXTAM:NIBC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.47x ÷ -4.4%

-1.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NIBC Holding earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NIBC Holding's assets?
Raw Data
ENXTAM:NIBC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €12.07
ENXTAM:NIBC Share Price * ENXTAM (2019-05-22) in EUR €8.13
Europe Banks Industry PB Ratio Median Figure of 174 Publicly-Listed Banks Companies 0.67x
Netherlands Market PB Ratio Median Figure of 103 Publicly-Listed Companies 1.94x
ENXTAM:NIBC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:NIBC Share Price ÷ Book Value per Share (both in EUR)

= 8.13 ÷ 12.07

0.67x

* Primary Listing of NIBC Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NIBC Holding is good value based on assets compared to the Europe Banks industry average.
X
Value checks
We assess NIBC Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. NIBC Holding has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NIBC Holding expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NIBC Holding expected to grow at an attractive rate?
  • NIBC Holding's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.4%.
Growth vs Market Checks
  • NIBC Holding's earnings are expected to decrease over the next 1-3 years, this is below the Netherlands market average.
  • NIBC Holding's revenue growth is expected to exceed the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:NIBC Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTAM:NIBC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -4.4%
ENXTAM:NIBC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3%
Europe Banks Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 2.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTAM:NIBC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTAM:NIBC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 543 204 3
2020-12-31 525 184 4
2019-12-31 512 173 4
ENXTAM:NIBC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 495 -248 217
2018-09-30 434 -166 205
2018-06-30 372 -84 190
2018-03-31 380 501 202
2017-12-31 388 1,086 216
2017-09-30 401 1,093 192
2017-06-30 413 1,099 167
2017-03-31 350 565 136
2016-12-31 287 30 104
2016-09-30 278 228 93
2016-06-30 268 426 81
2016-03-31 280 600 76

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NIBC Holding's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • NIBC Holding's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTAM:NIBC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from NIBC Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:NIBC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.37 1.40 1.33 2.00
2020-12-31 1.27 1.33 1.19 3.00
2019-12-31 1.22 1.26 1.18 2.00
ENXTAM:NIBC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.49
2018-09-30 1.40
2018-06-30 1.30
2018-03-31 1.38
2017-12-31 1.48
2017-09-30 1.33
2017-06-30 1.14
2017-03-31 0.93
2016-12-31 0.71
2016-09-30 0.64
2016-06-30
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • NIBC Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NIBC Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NIBC Holding has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NIBC Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NIBC Holding's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NIBC Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • NIBC Holding's 1-year earnings growth is less than its 5-year average (0.5% vs 55%)
  • NIBC Holding's earnings growth has not exceeded the Europe Banks industry average in the past year (0.5% vs 9.5%).
Earnings and Revenue History
NIBC Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NIBC Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:NIBC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 495.00 217.00 103.70
2018-09-30 433.50 205.00 106.80
2018-06-30 372.00 190.00 111.00
2018-03-31 380.00 201.50 111.50
2017-12-31 388.00 216.00 110.90
2017-09-30 400.50 191.50 109.95
2017-06-30 413.00 167.00 109.00
2017-03-31 350.00 135.50 106.50
2016-12-31 287.00 104.00 104.00
2016-09-30 277.50 92.50 101.50
2016-06-30 268.00 81.00 99.00
2016-03-31 279.50 75.50 102.00
2015-12-31 291.00 70.00 105.00
2015-09-30 272.00 -4.50 102.00
2015-06-30 253.00 -79.00 99.00
2015-03-31 238.00 -88.00 98.50
2014-12-31 223.00 -97.00 98.00
2014-09-30 202.50 -43.00 99.00
2014-06-30 182.00 11.00 100.00
2014-03-31 180.00 14.50 99.50
2013-12-31 178.00 18.00 99.00
2013-09-30 210.50 42.00 102.00
2013-06-30 243.00 66.00 104.89
2013-03-31 265.00 84.00 106.39
2012-12-31 287.00 102.00 108.00
2012-09-30 286.00 95.00 114.03
2012-06-30 285.00 88.00 120.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • NIBC Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NIBC Holding used its assets more efficiently than the Europe Banks industry average last year based on Return on Assets.
  • Unable to establish if NIBC Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess NIBC Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NIBC Holding has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NIBC Holding's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of NIBC Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NIBC Holding Company Filings, last reported 4 months ago.

ENXTAM:NIBC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,958.00 8,218.00 3,128.00
2018-09-30 1,958.00 8,218.00 3,128.00
2018-06-30 1,871.00 8,527.00 2,767.00
2018-03-31 1,871.00 8,527.00 2,767.00
2017-12-31 2,121.00 8,292.00 7,943.00
2017-09-30 2,121.00 8,292.00 7,943.00
2017-06-30 1,881.00 9,673.00 9,047.00
2017-03-31 1,881.00 9,673.00 9,047.00
2016-12-31 1,820.00 9,592.00 8,982.00
2016-09-30 1,820.00 9,592.00 8,982.00
2016-06-30 1,789.00 9,940.00 4,498.00
2016-03-31 1,789.00 9,940.00 4,498.00
2015-12-31 1,735.00 9,514.00 10,104.00
2015-09-30 1,735.00 9,514.00 10,104.00
2015-06-30 1,705.00 10,759.00 4,328.00
2015-03-31 1,705.00 10,759.00 4,328.00
2014-12-31 1,683.00 10,966.00 4,299.00
2014-09-30 1,683.00 10,966.00 4,299.00
2014-06-30
2014-03-31 1,765.00 11,734.00 4,932.00
2013-12-31 1,765.00 11,734.00 4,932.00
2013-09-30 1,765.00 11,734.00 4,932.00
2013-06-30 1,797.00 13,172.00 13,657.00
2013-03-31 1,797.00 13,172.00 13,657.00
2012-12-31 1,813.00 15,899.00 6,739.00
2012-09-30 1,813.00 15,899.00 6,739.00
2012-06-30 1,798.00 17,178.00 15,044.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • NIBC Holding has an acceptable proportion of non-loan assets held.
  • NIBC Holding's liabilities are made up of primarily low risk sources of funding.
  • NIBC Holding has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • NIBC Holding's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • NIBC Holding has a low allowance for bad loans.
  • NIBC Holding has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess NIBC Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NIBC Holding has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NIBC Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.5%
Current annual income from NIBC Holding dividends. Estimated to be 9.25% next year.
If you bought €2,000 of NIBC Holding shares you are expected to receive €150 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • NIBC Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Netherlands (2.35%).
  • NIBC Holding's dividend is above the markets top 25% of dividend payers in Netherlands (5.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTAM:NIBC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Banks Industry Average Dividend Yield Market Cap Weighted Average of 137 Stocks 5.6%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 4%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.7%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.4%
Netherlands Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTAM:NIBC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.81 3.00
2020-12-31 0.77 5.00
2019-12-31 0.71 5.00
ENXTAM:NIBC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-27 0.610 7.247

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether NIBC Holding has stable dividend payments.
  • NIBC Holding only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of NIBC Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess NIBC Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NIBC Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NIBC Holding has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NIBC Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paulus A. de Wilt
COMPENSATION €2,746,976
AGE 54
TENURE AS CEO 5.1 years
CEO Bio

Mr. Paulus A. M. de Wilt has been the Chairman of the Managing Board and Chief Executive Officer at d NIBC Holding N.V. and NIBC Bank N.V. since April 7, 2014. He also served as Chief Client Officer of NIBC Bank NV. Mr. De Wilt serves as Head of Consumer Banking at NIBC Bank N.V. He served as an Interim Chief Risk Officer and Interim Head of Risk Management at NIBC Bank N.V. until August 2016. He served as a Senior Managing Director of Retail Banking at ABN AMRO Group N.V. until 2014. Mr. de Wilt spent his entire career at ABN AMRO, occupying positions in retail and corporate banking. Since June 2009, Mr. de Wilt served as General Director Retail Banking at ABN. In this role, he led the integration in 2010 of the retail divisions of ABN AMRO and Fortis. From 2007 to May 2009, he served as Chief Executive Officer of NEWbank. From 2006 to 2007, he was responsible for ABN AMRO's retail banking activities, including small business clients of the newly-acquired Antonveneta Bank in Italy.

CEO Compensation
  • Paulus A.'s compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Paulus A.'s remuneration is higher than average for companies of similar size in Netherlands.
Management Team Tenure

Average tenure and age of the NIBC Holding management team in years:

9.1
Average Tenure
56
Average Age
  • The average tenure for the NIBC Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Paulus A. de Wilt

TITLE
Chairman of the Managing Board & CEO
COMPENSATION
€3M
AGE
54
TENURE
5.1 yrs

Herman Hendrik Dijkhuizen

TITLE
Vice Chairman of the Managing Board & CFO
COMPENSATION
€2M
AGE
58

Reinout D. Van Riel

TITLE
Chief Risk Officer & Member of the Managing Board
COMPENSATION
€2M
AGE
48
TENURE
2.8 yrs

Hans Rijnberg

TITLE
Head of Corporate Communications

Hein Godschalx

TITLE
Managing Director of Food Agri & Retail Clients
TENURE
16.4 yrs

Jan H. W. Van Der Vlist

TITLE
Managing Director
AGE
63

Kees Visser

TITLE
Managing Director

Jean Spanjersberg

TITLE
Managing Director

Eric Snaterse

TITLE
Managing Director

Agnes Muskens

TITLE
Managing Director
TENURE
13.1 yrs
Board of Directors Tenure

Average tenure and age of the NIBC Holding board of directors in years:

7.8
Average Tenure
63
Average Age
  • The tenure for the NIBC Holding board of directors is about average.
Board of Directors

Wim van den Goorbergh

TITLE
Chairman of the Supervisory Board
AGE
70
TENURE
8.8 yrs

Dick Sluimers

TITLE
Chairman of Supervisory Board
AGE
65
TENURE
0.1 yrs

Chris Flowers

TITLE
Member of Supervisory Board
AGE
61
TENURE
7.3 yrs

Michael Christner

TITLE
Member of Supervisory Board
AGE
46
TENURE
8.3 yrs

Dirk Boogmans

TITLE
Senior Board Advisor
AGE
63

Arnoud Boot

TITLE
Senior Board Advisor

Ad Scheepbouwer

TITLE
Senior Board Advisor
AGE
74

Hein Verloop

TITLE
Senior Board Advisor

J. Baptiest Coopmans

TITLE
Senior Board Advisor
AGE
53

Marnix Krop

TITLE
Senior Board Advisor
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess NIBC Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NIBC Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Can We Expect From NIBC Holding N.V.'s (AMS:NIBC) Earnings In Next 12 Months?

Based on NIBC Holding N.V.'s (AMS:NIBC) earnings update in December 2018, … with earnings expected to decline by -20% in the upcoming year

Simply Wall St -

What Are Analysts Expecting From NIBC Holding N.V. (AMS:NIBC) Over The Next Few Years?

In December 2018, NIBC Holding N.V. … (AMS:NIBC) announced its latest earnings update, whicha … suggested

Simply Wall St -

What Kind Of Shareholder Appears On The NIBC Holding N.V.'s (AMS:NIBC) Shareholder Register?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … It has a market capitalization of €1.2b, which means it would generally expect to see some institutions on the share registry. … institutions are noticeable on the share registry.

Simply Wall St -

Should You Buy NIBC Holding N.V. (AMS:NIBC) For Its Dividend?

Recently, NIBC Holding N.V. … Let's dig deeper into whether NIBC Holding should have a place in your portfolio. … View our latest analysis for NIBC Holding

Simply Wall St -

What You Should Know About NIBC Holding N.V.’s (AMS:NIBC) Liquidity

As a small-cap bank stock with a market capitalisation of €1.3b, NIBC Holding N.V.’s (AMS:NIBC) risk and profitability are largely determined by the underlying economic growth of the NL regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like NIBC Holding to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place NIBC Holding in a safe position in the face of adverse headwinds.

Simply Wall St -

NIBC Holding N.V. (AMS:NIBC): Will The Growth Last?

After NIBC Holding N.V.'s (AMS:NIBC) earnings announcement in June 2018,. … with earnings expected to grow by 3.6% in the upcoming year … the higher past 5-year average growth rate of 50%

Simply Wall St -

Have Insiders Been Buying NIBC Holding N.V. (AMS:NIBC) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in NIBC Holding N.V. … NIBC Holding Insider Transactions Over The Last Year. … In total, NIBC Holding insiders bought more than they sold over the last year

Simply Wall St -

Is NIBC Holding NV (AMS:NIBC) Exposed To Too Much Risk?

One of the biggest risk NIBC Holding NV (AMS:NIBC) faces as a bank is bad loans, also known as credit risk. … Since bad debt is written off as an expense, it impacts NIBC Holding’s bottom line and shareholders’ value. … Today we will analyse NIBC Holding’s level of bad debt and liabilities in order to understand the risk involved with investing in NIBC Holding

Simply Wall St -

Understated Factors To Consider Before Investing In NIBC Holding NV (AMS:NIBC)

As a small-cap bank stock with a market capitalisation of €1.2b, NIBC Holding NV’s (AMS:NIBC) risk and profitability are largely determined by the underlying economic growth of the NL regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like NIBC Holding to vulnerabilities. … Strong management of leverage and liquidity could place the bank in a protected position at the face of macro headwinds.

Simply Wall St -

Should NIBC Holding NV (AMS:NIBC) Be Part Of Your Portfolio?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … NIBC Holding NV (AMS:NIBC) has returned an average dividend yield of 8.00% annually to shareholders. … Check out our latest analysis for NIBC Holding

Simply Wall St -

Company Info

Description

NIBC Holding N.V. provides corporate and retail banking products and services in the Netherlands, Germany, Belgium, and the United Kingdom. It operates through Corporate Client Offering, Retail Client Offering, and Treasury and Group Functions segments. The company offers assistance in mergers, public offerings, management buy-outs, and corporate development deals; and debt and equity advisory services in the areas of recapitalization, financing or refinancing, acquisition financing, raising capital, potential covenant breaches, and financial restructuring. It also provides capital markets financing solutions, specialist advice, liquidity for less liquid stocks, and listing and agency services; and leveraged and receivables finances, corporate lending, asset and cash flow finance, and project equity services. In addition, the company offers mezzanine and equity solutions; and equities research, fixed income, and equity capital market services. Additionally, it provides mortgages; and savings products, as well as brokerage services under the NIBC Direct label. The company serves corporate clients, financial institutions, institutional investors, financial sponsors, family offices, entrepreneurial investors, and retail clients. NIBC Holding N.V. was founded in 1945 and is headquartered in The Hague, the Netherlands.

Details
Name: NIBC Holding N.V.
NIBC
Exchange: ENXTAM
Founded: 1945
€1,182,395,167
145,436,060
Website: http://www.nibc.com
Address: NIBC Holding N.V.
Carnegieplein 4,
The Hague,
Zuid-Holland, 2517 KJ,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM NIBC Ordinary A Shares Euronext Amsterdam NL EUR 23. Mar 2018
DB 4NH Ordinary A Shares Deutsche Boerse AG DE EUR 23. Mar 2018
BATS-CHIXE NIBCA Ordinary A Shares BATS 'Chi-X Europe' GB EUR 23. Mar 2018
Number of employees
Current staff
Staff numbers
657
NIBC Holding employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 01:11
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.