ENXTAM:VLK

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Van Lanschot Kempen

Market Cap

€898.8m

Last Updated

2021/06/20 21:04 UTC

Data Sources

Company Financials +

Executive Summary

Van Lanschot Kempen N.V. provides financial services in the Netherlands and internationally. More Details


Snowflake Analysis

Adequate balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Van Lanschot Kempen's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-4.1%

VLK

-2.7%

NL Banks

-1.6%

NL Market


1 Year Return

69.5%

VLK

32.1%

NL Banks

28.2%

NL Market

Return vs Industry: VLK exceeded the Dutch Banks industry which returned 32.1% over the past year.

Return vs Market: VLK exceeded the Dutch Market which returned 28.3% over the past year.


Shareholder returns

VLKIndustryMarket
7 Day-4.1%-2.7%-1.6%
30 Day-6.2%-1.6%1.8%
90 Day-6.4%4.8%3.5%
1 Year70.9%69.5%36.1%32.1%30.2%28.2%
3 Year9.6%-11.6%-10.5%-18.4%29.9%17.8%
5 Year91.5%33.9%19.2%-1.1%83.5%52.8%

Long-Term Price Volatility Vs. Market

How volatile is Van Lanschot Kempen's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Van Lanschot Kempen undervalued compared to its fair value and its price relative to the market?

21.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VLK (€22.1) is trading above our estimate of fair value (€16.96)

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


Price To Earnings Ratio

PE vs Industry: VLK is poor value based on its PE Ratio (21.1x) compared to the European Banks industry average (12.1x).

PE vs Market: VLK is good value based on its PE Ratio (21.1x) compared to the Dutch market (29.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VLK's PB Ratio (0.7x) is in line with the XE Banks industry average.


Future Growth

How is Van Lanschot Kempen forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if VLK's forecast earnings growth is above the savings rate (0.1%).

Earnings vs Market: Insufficient data to determine if VLK's earnings are forecast to grow faster than the Dutch market

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

Revenue vs Market: VLK's revenue (8.5% per year) is forecast to grow faster than the Dutch market (6.6% per year).

High Growth Revenue: VLK's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VLK's Return on Equity is forecast to be low in 3 years time (6%).


Past Performance

How has Van Lanschot Kempen performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VLK has high quality earnings.

Growing Profit Margin: VLK's current net profit margins (9.8%) are lower than last year (16.4%).


Past Earnings Growth Analysis

Earnings Trend: VLK's earnings have grown by 4% per year over the past 5 years.

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

Earnings vs Industry: VLK had negative earnings growth (-53.6%) over the past year, making it difficult to compare to the Banks industry average (2.8%).


Return on Equity

High ROE: VLK's Return on Equity (3.7%) is considered low.


Financial Health

How is Van Lanschot Kempen'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: VLK's Assets to Equity ratio (11.2x) is moderate.

Allowance for Bad Loans: VLK has a low allowance for bad loans (34%).

Low Risk Liabilities: 74% of VLK's liabilities are made up of primarily low risk sources of funding.

Loan Level: VLK has an appropriate level of Loans to Assets ratio (56%).

Low Risk Deposits: VLK's Loans to Deposits ratio (83%) is appropriate.

Level of Bad Loans: VLK has a high level of bad loans (2.2%).


Dividend

What is Van Lanschot Kempen current dividend yield, its reliability and sustainability?

0.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VLK's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (1.57%).

High Dividend: VLK's dividend (0.9%) is low compared to the top 25% of dividend payers in the Dutch market (4.6%).


Stability and Growth of Payments

Stable Dividend: VLK's dividend payments have been volatile in the past 10 years.

Growing Dividend: VLK's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.1%), VLK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VLK's dividends in 3 years are forecast to be covered by earnings (64.7% payout ratio).


Next Steps

Management

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

7.1yrs

Average management tenure


CEO

Karl Guha (56 yo)

8.42yrs

Tenure

€1,499,000

Compensation

Mr. Karl K. Guha is Chairman of Executive Board at Van Lanschot Kempen NV since January 2, 2013. Mr. Guha is Chairman of Executive Board and Chief Executive Officer of Van Lanschot Kempen Wealth Management...


CEO Compensation Analysis

Compensation vs Market: Karl's total compensation ($USD1.78M) is above average for companies of similar size in the Dutch market ($USD1.15M).

Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: VLK's management team is seasoned and experienced (7.1 years average tenure).


Board Members

Experienced Board: VLK's board of directors are considered experienced (3.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Van Lanschot Kempen N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Van Lanschot Kempen N.V.
  • Ticker: VLK
  • Exchange: ENXTAM
  • Founded: 1737
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €898.847m
  • Shares outstanding: 40.67m
  • Website: https://www.vanlanschotkempen.com

Number of Employees


Location

  • Van Lanschot Kempen N.V.
  • Hooge Steenweg 29
  • ‘s-Hertogenbosch
  • Noord-Brabant
  • 5211 JN
  • Netherlands

Listings


Biography

Van Lanschot Kempen N.V. provides financial services in the Netherlands and internationally. The company operates through Private Banking, Evi, Asset Management, Merchant Banking, and Other Activities segm...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/20 21:04
End of Day Share Price2021/06/18 00:00
Earnings2020/12/31
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.