Banco Comercial Português
Market Cap
€2.0b
Last Updated
2021/01/15 20:52 UTC
Data Sources
Company Financials +
Executive Summary
Banco Comercial Português, S.A., together with its subsidiaries, provides various banking and financial products and services. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
Similar Companies
Share Price & News
How has Banco Comercial Português's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BCP is more volatile than 75% of Portuguese stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: BCP's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Portuguese stocks.
Market Performance
7 Day Return
-8.3%
BCP
-0.4%
PT Banks
-3.6%
PT Market
1 Year Return
-32.5%
BCP
-17.8%
PT Banks
9.9%
PT Market
Return vs Industry: BCP underperformed the Portuguese Banks industry which returned -17.8% over the past year.
Return vs Market: BCP underperformed the Portuguese Market which returned 9.9% over the past year.
Shareholder returns
| BCP | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.3% | -0.4% | -3.6% |
| 30 Day | 4.0% | 2.5% | 10.6% |
| 90 Day | 67.3% | 31.3% | 20.5% |
| 1 Year | -32.5%-32.5% | -16.9%-17.8% | 14.2%9.9% |
| 3 Year | -57.0%-57.3% | -29.6%-36.7% | 26.1%12.1% |
| 5 Year | -72.9%-95.4% | 4.3%-18.8% | 59.7%-19.6% |
Long-Term Price Volatility Vs. Market
How volatile is Banco Comercial Português's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What Type Of Returns Would Banco Comercial Português'(ELI:BCP) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?2 months ago | Simply Wall St
Could The Banco Comercial Português, S.A. (ELI:BCP) Ownership Structure Tell Us Something Useful?4 months ago | Simply Wall St
Reflecting on Banco Comercial Português' (ELI:BCP) Share Price Returns Over The Last Five YearsValuation
Is Banco Comercial Português undervalued compared to its fair value and its price relative to the market?
11.04x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BCP (€0.13) is trading above our estimate of fair value (€0.06)
Significantly Below Fair Value: BCP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BCP is good value based on its PE Ratio (11x) compared to the XE Banks industry average (11.7x).
PE vs Market: BCP is good value based on its PE Ratio (11x) compared to the Portuguese market (19.6x).
Price to Earnings Growth Ratio
PEG Ratio: BCP is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: BCP is good value based on its PB Ratio (0.3x) compared to the XE Banks industry average (0.6x).
Next Steps
Future Growth
How is Banco Comercial Português forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
31.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BCP's forecast earnings growth (31.4% per year) is above the savings rate (1.9%).
Earnings vs Market: BCP's earnings (31.4% per year) are forecast to grow faster than the Portuguese market (15.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BCP's revenue (2.2% per year) is forecast to grow slower than the Portuguese market (4.8% per year).
High Growth Revenue: BCP's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BCP's Return on Equity is forecast to be low in 3 years time (5.5%).
Next Steps
Past Performance
How has Banco Comercial Português performed over the past 5 years?
24.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BCP has high quality earnings.
Growing Profit Margin: BCP's current net profit margins (9.7%) are lower than last year (16.5%).
Past Earnings Growth Analysis
Earnings Trend: BCP's earnings have grown significantly by 24.7% per year over the past 5 years.
Accelerating Growth: BCP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BCP had negative earnings growth (-40.9%) over the past year, making it difficult to compare to the Banks industry average (-17.1%).
Return on Equity
High ROE: BCP's Return on Equity (3%) is considered low.
Next Steps
Financial Health
How is Banco Comercial Português'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: BCP's Assets to Equity ratio (11.5x) is moderate.
Allowance for Bad Loans: BCP has a sufficient allowance for bad loans (164%).
Low Risk Liabilities: 80% of BCP's liabilities are made up of primarily low risk sources of funding.
Loan Level: BCP has an appropriate level of Loans to Assets ratio (61%).
Low Risk Deposits: BCP's Loans to Deposits ratio (83%) is appropriate.
Level of Bad Loans: BCP has a high level of bad loans (2.5%).
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Dividend
What is Banco Comercial Português's current dividend yield, its reliability and sustainability?
5.38%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BCP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BCP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BCP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BCP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BCP is not paying a notable dividend for the Portuguese market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BCP's dividend in 3 years as they are not forecast to pay a notable one for the Portuguese market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average board tenure
CEO
Miguel Maya Pinheiro (56 yo)
2.67yrs
Tenure
€880,912
Compensation
Mr. Miguel Maya Dias Pinheiro is a Vice Chair of Administrative Council at Banco Millennium Atlântico, SA since 2018. Mr. Pinheiro had been Vice Chairman of BIM – Banco Internacional. Positions held at B...
CEO Compensation Analysis
Compensation vs Market: Miguel Maya's total compensation ($USD1.07M) is about average for companies of similar size in the Portuguese market ($USD1.06M).
Compensation vs Earnings: Miguel Maya's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| 3rd Vice Chairman | 2.67yrs | €880.91k | 0.0038% € 75.4k | |
| CFO & Director | 8.92yrs | €715.39k | 0.0037% € 73.5k | |
| Executive Director | 9.75yrs | €626.70k | 0.0014% € 27.7k | |
| Executive Director | 5.67yrs | €626.70k | 0.0012% € 22.8k | |
| Executive Director | 4yrs | €150.66k | no data | |
| Executive Director | 4yrs | €715.39k | 0.0015% € 30.1k | |
| Executive Director | 2.67yrs | €579.61k | 0.0022% € 44.0k | |
| General Manager and Chairman of the BCP Finance | no data | no data | no data | |
| Chairman of Board & Member of Board for International Strategy | 2.67yrs | €773.95k | 0.010% € 198.2k | |
| Independent Director | 5.67yrs | €22.36k | 0.000010% € 196.5 | |
| 1st Vice Chairman and Chairman of Remuneration & Welfare Board | no data | €110.00k | 0.00059% € 11.6k | |
| 2nd Vice Chairman | no data | no data | no data |
4.8yrs
Average Tenure
56yo
Average Age
Experienced Board: BCP's board of directors are considered experienced (4.8 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Banco Comercial Português, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Banco Comercial Português, S.A.
- Ticker: BCP
- Exchange: ENXTLS
- Founded: 1985
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €1.965b
- Shares outstanding: 15.11b
- Website: https://ind.millenniumbcp.pt
Number of Employees
Location
- Banco Comercial Português, S.A.
- Praça Dom João I, nº28
- Piso 4
- Porto
- Norte
- 4000-295
- Portugal
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BPCG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| BCP | ENXTLS (Euronext Lisbon) | Yes | Ordinary Shares | PT | EUR | Jan 1992 |
| BCPN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 0RJN | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| BCPU | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
Biography
Banco Comercial Português, S.A., together with its subsidiaries, provides various banking and financial products and services. It operates through Retail Banking; Companies, Corporate & Investment Banking;...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 20:52 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.