Van Lanschot Kempen N.V. provides financial services in the Netherlands and internationally.
Good value with adequate balance sheet and pays a dividend.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VLK exceeded the Dutch Banks industry which returned -36.7% over the past year.
Return vs Market: VLK underperformed the Dutch Market which returned -16.8% over the past year.
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
4 days ago | Simply Wall StDid Changing Sentiment Drive Van Lanschot Kempen's (AMS:VLK) Share Price Down By 48%?
3 weeks ago | Simply Wall StHow Many Van Lanschot Kempen N.V. (AMS:VLK) Shares Did Insiders Buy, In The Last Year?
1 month ago | Simply Wall StDo Directors Own Van Lanschot Kempen N.V. (AMS:VLK) Shares?
Is Van Lanschot Kempen undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VLK (€13.4) is trading below our estimate of fair value (€14.08)
Significantly Below Fair Value: VLK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VLK is poor value based on its PE Ratio (8.2x) compared to the Banks industry average (7.8x).
PE vs Market: VLK is good value based on its PE Ratio (8.2x) compared to the Dutch market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: VLK is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: VLK is good value based on its PB Ratio (0.4x) compared to the XE Banks industry average (0.5x).
How is Van Lanschot Kempen forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VLK's forecast earnings growth (18.9% per year) is above the savings rate (0.4%).
Earnings vs Market: VLK's earnings (18.9% per year) are forecast to grow slower than the Dutch market (20.1% per year).
High Growth Earnings: VLK's earnings are forecast to grow, but not significantly.
Revenue vs Market: VLK's revenue (2.1% per year) is forecast to grow slower than the Dutch market (7.4% per year).
High Growth Revenue: VLK's revenue (2.1% 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 (5.3%).
How has Van Lanschot Kempen performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VLK has a large one-off loss of €48.0M impacting its March 31 2020 financial results.
Growing Profit Margin: VLK's current net profit margins (12.5%) are higher than last year (12.5%).
Past Earnings Growth Analysis
Earnings Trend: VLK's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: VLK's earnings growth over the past year (7%) is below its 5-year average (7.4% per year).
Earnings vs Industry: VLK earnings growth over the past year (7%) exceeded the Banks industry 0.8%.
Return on Equity
High ROE: VLK's Return on Equity (5.5%) is considered low.
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
Financial Institutions Analysis
Asset Level: VLK's Assets to Equity ratio (10.9x) is moderate.
Allowance for Bad Loans: VLK has a low allowance for bad loans (27%).
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 (60%).
Low Risk Deposits: VLK's Loans to Deposits ratio (89%) is appropriate.
Level of Bad Loans: VLK has a high level of bad loans (2.7%).
What is Van Lanschot Kempen's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VLK's dividend (10.82%) is higher than the bottom 25% of dividend payers in the Dutch market (2.64%).
High Dividend: VLK's dividend (10.82%) is in the top 25% of dividend payers in the Dutch market (7.5%)
Stability and Growth of Payments
Stable Dividend: VLK has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: VLK's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.4%), VLK's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VLK's dividends in 3 years are forecast to be covered by earnings (88.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Karl Guha (55yo)
Mr. Karl K. Guha has been the Chairman of Board of Managing Directors of Van Lanschot Kempen NV (formerly known as Van Lanschot NV)(formerly known as F. van Lanschot Bankiers NV) since January 2, 2013 and ...
CEO Compensation Analysis
Compensation vs Market: Karl's total compensation ($USD1.68M) is above average for companies of similar size in the Dutch market ($USD840.96K).
Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.
|Chairman of the Executive Board||7.33yrs||€1.54m||0.19% €1.0m|
|CFO, Chief Risk Officer & Member of the Executive Board||9.58yrs||€994.00k||0.18% €961.5k|
|COO & Member of the Executive Board||10yrs||€994.00k||0.13% €688.3k|
|Member of the Executive Board||6yrs||€994.00k||0.17% €907.4k|
|Investor Relations||no data||no data||no data|
|Director of Communications||1.75yrs||no data||no data|
|Head of Treasury||6.17yrs||no data||no data|
|Company Secretary||no data||no data||no data|
|Secretary to the Board||no data||no data||no data|
|Senior Client Adviser||2.75yrs||no data||no data|
Experienced Management: VLK's management team is seasoned and experienced (6.2 years average tenure).
|Chairman of the Supervisory Board||4.42yrs||no data||no data|
|Member of the Supervisory Board||6.83yrs||no data||no data|
|Vice-Chairman of the Supervisory Board||3yrs||no data||no data|
|Member of the Supervisory Board||1.58yrs||no data||no data|
|Member of the Supervisory Board||5yrs||no data||no data|
|Member of the Supervisory Board||3.33yrs||no data||no data|
|Member of the Supervisory board||2yrs||no data||no data|
Experienced Board: VLK's board of directors are considered experienced (3.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Van Lanschot Kempen N.V.'s company bio, employee growth, exchange listings and data sources
- Name: Van Lanschot Kempen N.V.
- Ticker: VLK
- Exchange: ENXTAM
- Founded: 1737
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €546.328m
- Shares outstanding: 40.77m
- Website: https://www.vanlanschotkempen.com
Number of Employees
- Van Lanschot Kempen N.V.
- Hooge Steenweg 29
- 5211 JN
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VLK||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares A||NL||EUR||Jun 1999|
|VLNV.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares A||US||USD||Jun 1999|
|0O4B||LSE (London Stock Exchange)||Yes||Ordinary Shares A||GB||EUR||Jun 1999|
|VA3||BST (Boerse-Stuttgart)||Yes||Ordinary Shares A||DE||EUR||Jun 1999|
|VLKA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares A||GB||EUR||Jun 1999|
|VA3||DB (Deutsche Boerse AG)||Yes||Ordinary Shares A||DE||EUR||Jun 1999|
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 segments. It offers personal wealth management services to high net-worth individuals, entrepreneurs, family businesses, business professionals and executives, healthcare professionals, foundations, and associations. The company also provides online wealth management services, including asset management, savings, and pension solutions; comprehensive fiduciary wealth management services; long-term focused niche investment strategies; and asset management services focusing on various asset classes, such as on high dividend equities, small caps, real estate, infrastructure, credits, government bonds, sustainable value creation, funds of hedge funds, and private markets. In addition, it provides merchant banking services comprises of equities research and trading; capital market transactions; corporate finance; and debt advisory services for corporate and institutional clients. The company was formerly known as Van Lanschot NV and changed its name to Van Lanschot Kempen N.V. in June 2017. Van Lanschot Kempen N.V. was founded in 1737 and is headquartered in ‘s-Hertogenbosch, the Netherlands.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/25 21:16|
|End of Day Share Price||2020/05/25 00:00|
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.