company background image
BRD

BRD - Groupe Société Générale BVB:BRD Stock Report

Last Price

RON13.50

Market Cap

RON9.4b

7D

4.5%

1Y

-25.8%

Updated

07 Aug, 2022

Data

Company Financials +
BRD fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends5/6

BRD Stock Overview

BRD - Groupe Société Générale S.A. provides a range of banking and financial services to corporates and individuals in Romania.

BRD - Groupe Société Générale Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BRD - Groupe Société Générale
Historical stock prices
Current Share PriceRON13.50
52 Week HighRON21.55
52 Week LowRON11.72
Beta0.58
1 Month Change11.57%
3 Month Change-17.58%
1 Year Change-25.82%
3 Year Change0.45%
5 Year Change-2.46%
Change since IPO545.93%

Recent News & Updates

Apr 28
BRD - Groupe Société Générale (BVB:BRD) Has Announced That It Will Be Increasing Its Dividend To RON1.29

BRD - Groupe Société Générale (BVB:BRD) Has Announced That It Will Be Increasing Its Dividend To RON1.29

BRD - Groupe Société Générale S.A.'s ( BVB:BRD ) dividend will be increasing to RON1.29 on 7th of June. This makes the...

Apr 08
BRD - Groupe Société Générale (BVB:BRD) Will Pay A Larger Dividend Than Last Year At RON1.29

BRD - Groupe Société Générale (BVB:BRD) Will Pay A Larger Dividend Than Last Year At RON1.29

The board of BRD - Groupe Société Générale S.A. ( BVB:BRD ) has announced that it will be increasing its dividend on...

Shareholder Returns

BRDRO BanksRO Market
7D4.5%2.9%0.4%
1Y-25.8%-12.9%9.5%

Return vs Industry: BRD underperformed the RO Banks industry which returned -12.9% over the past year.

Return vs Market: BRD underperformed the RO Market which returned 9.5% over the past year.

Price Volatility

Is BRD's price volatile compared to industry and market?
BRD volatility
BRD Average Weekly Movement4.4%
Banks Industry Average Movement4.3%
Market Average Movement3.8%
10% most volatile stocks in RO Market6.6%
10% least volatile stocks in RO Market2.7%

Stable Share Price: BRD is not significantly more volatile than the rest of RO stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BRD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19906,239François Blochhttps://www.brd.ro

BRD - Groupe Société Générale S.A. provides a range of banking and financial services to corporates and individuals in Romania. It operates in Retail and Non-Retail segments. The company offers savings, deposits, and current accounts; term deposits; personal, housing, youth, refinancing, agricultural, and medical treatment loans; credit and debit cards; and transfers, investments, and insurance services.

BRD - Groupe Société Générale Fundamentals Summary

How do BRD - Groupe Société Générale's earnings and revenue compare to its market cap?
BRD fundamental statistics
Market CapRON9.41b
Earnings (TTM)RON1.35b
Revenue (TTM)RON3.34b

7.0x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRD income statement (TTM)
RevenueRON3.34b
Cost of RevenueRON0
Gross ProfitRON3.34b
Other ExpensesRON1.99b
EarningsRON1.35b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Nov 04, 2022

Earnings per share (EPS)1.94
Gross Margin100.00%
Net Profit Margin40.35%
Debt/Equity Ratio103.1%

How did BRD perform over the long term?

See historical performance and comparison

Dividends

9.5%

Current Dividend Yield

66%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BRD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BRD?

Other financial metrics that can be useful for relative valuation.

BRD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does BRD's PE Ratio compare to its peers?

BRD PE Ratio vs Peers
The above table shows the PE ratio for BRD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17x
TLV Banca Transilvania
8.6x8.1%RON14.7b
PBK Patria Bank
28.5x27.2%RON274.8m
TISCO TISCO Financial Group
10.2x3.6%฿71.7b
SBTT Scotiabank Trinidad and Tobago
20.7xn/aTT$13.5b
BRD BRD - Groupe Société Générale
7x4.3%RON9.4b

Price-To-Earnings vs Peers: BRD is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (17x).


Price to Earnings Ratio vs Industry

How does BRD's PE Ratio compare vs other companies in the European Banks Industry?

Price-To-Earnings vs Industry: BRD is good value based on its Price-To-Earnings Ratio (7x) compared to the European Banks industry average (8.8x)


Price to Earnings Ratio vs Fair Ratio

What is BRD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BRD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: BRD is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).


Share Price vs Fair Value

What is the Fair Price of BRD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BRD (RON13.5) is trading below our estimate of fair value (RON24.25)

Significantly Below Fair Value: BRD is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is BRD - Groupe Société Générale forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRD's forecast earnings growth (4.3% per year) is above the savings rate (1.1%).

Earnings vs Market: BRD's earnings (4.3% per year) are forecast to grow slower than the RO market (8.5% per year).

High Growth Earnings: BRD's earnings are forecast to grow, but not significantly.

Revenue vs Market: BRD's revenue (5.9% per year) is forecast to grow faster than the RO market (4.2% per year).

High Growth Revenue: BRD's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRD's Return on Equity is forecast to be low in 3 years time (16.7%).


Discover growth companies

Past Performance

How has BRD - Groupe Société Générale performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-2.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BRD has a high level of non-cash earnings.

Growing Profit Margin: BRD's current net profit margins (40.4%) are higher than last year (34.6%).


Past Earnings Growth Analysis

Earnings Trend: BRD's earnings have declined by 2.4% per year over the past 5 years.

Accelerating Growth: BRD's earnings growth over the past year (43.1%) exceeds its 5-year average (-2.4% per year).

Earnings vs Industry: BRD earnings growth over the past year (43.1%) exceeded the Banks industry 28.1%.


Return on Equity

High ROE: BRD's Return on Equity (17.4%) is considered low.


Discover strong past performing companies

Financial Health

How is BRD - Groupe Société Générale's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

5/6

Financial Health Score 5/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BRD's Assets to Equity ratio (9.4x) is low.

Allowance for Bad Loans: BRD has a sufficient allowance for bad loans (167%).

Low Risk Liabilities: 83% of BRD's liabilities are made up of primarily low risk sources of funding.

Loan Level: BRD has an appropriate level of Loans to Assets ratio (48%).

Low Risk Deposits: BRD's Loans to Deposits ratio (64%) is appropriate.

Level of Bad Loans: BRD has a high level of bad loans (3%).


Discover healthy companies

Dividend

What is BRD - Groupe Société Générale current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


9.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BRD's dividend (9.52%) is higher than the bottom 25% of dividend payers in the RO market (2.9%).

High Dividend: BRD's dividend (9.52%) is in the top 25% of dividend payers in the RO market (7.13%)


Stability and Growth of Payments

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

Growing Dividend: BRD's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (66.4%), BRD's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BRD's dividends in 3 years are forecast to be covered by earnings (82.4% payout ratio).


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

François Bloch (55 yo)

5.67yrs

Tenure

Mr. Francois Bloch has been Chief Executive Officer of BRD-Groupe at Société Générale SA since December 21, 2016, Member of Management Board since 2018 and has been its Director since June 29, 2018. Mr. Bl...


Leadership Team

Experienced Management: BRD's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: BRD's board of directors are considered experienced (3.8 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

BRD - Groupe Société Générale S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: BRD - Groupe Société Générale S.A.
  • Ticker: BRD
  • Exchange: BVB
  • Founded: 1990
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: RON9.408b
  • Shares outstanding: 696.90m
  • Website: https://www.brd.ro

Number of Employees


Location

  • BRD - Groupe Société Générale S.A.
  • BRD Tower
  • 15th floor
  • Bucharest
  • 11171
  • Romania

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.