| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
TLV Stock Overview
Banca Transilvania S.A. provides various banking products and services.
Banca Transilvania Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | RON2.50 |
| 52 Week High | RON2.84 |
| 52 Week Low | RON1.95 |
| Beta | 0.46 |
| 1 Month Change | -2.16% |
| 3 Month Change | -8.82% |
| 1 Year Change | 22.80% |
| 3 Year Change | 39.16% |
| 5 Year Change | 80.61% |
| Change since IPO | 11,898.65% |
Recent News & Updates
Shareholder Returns
| TLV | RO Banks | RO Market | |
|---|---|---|---|
| 7D | 0.6% | 2.0% | 2.0% |
| 1Y | 22.8% | 20.9% | 31.0% |
Return vs Industry: TLV exceeded the RO Banks industry which returned 18.3% over the past year.
Return vs Market: TLV underperformed the RO Market which returned 29.3% over the past year.
Price Volatility
| TLV volatility | |
|---|---|
| TLV Average Weekly Movement | 2.6% |
| Banks Industry Average Movement | 3.7% |
| Market Average Movement | 4.2% |
| 10% most volatile stocks in RO Market | 6.8% |
| 10% least volatile stocks in RO Market | 2.4% |
Stable Share Price: TLV is less volatile than 75% of RO stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TLV's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 10,170 | Omer Tetik | https://www.bancatransilvania.ro |
Banca Transilvania S.A. provides various banking products and services. Its Large Corporate Clients segment offers transaction banking, treasury, trade finance, and retail products; and leasing, asset management, merger and acquisition consultancy, and capital market advisory services to companies, legal and public entities, and financial institutions. The company’s Medium Corporate Customers segment provides lending, current, and treasury services; bonus, structured finance, and co-financing of EU funded projects; and bancassurance, and financial and operating leases.
Banca Transilvania Fundamentals Summary
| TLV fundamental statistics | |
|---|---|
| Market Cap | RON15.71b |
| Earnings (TTM) | RON1.99b |
| Revenue (TTM) | RON4.71b |
7.9x
P/E Ratio1.5x
P/B RatioIs TLV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TLV income statement (TTM) | |
|---|---|
| Revenue | RON4.71b |
| Cost of Revenue | RON182.02m |
| Gross Profit | RON4.53b |
| Expenses | RON2.54b |
| Earnings | RON1.99b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.32 |
| Gross Margin | 96.14% |
| Net Profit Margin | 42.29% |
| Debt/Equity Ratio | 30.5% |
How did TLV perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield23%
Payout RatioValuation
Is Banca Transilvania undervalued compared to its fair value and its price relative to the market?
28.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TLV (RON2.5) is trading below our estimate of fair value (RON3.51)
Significantly Below Fair Value: TLV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TLV is good value based on its PE Ratio (7.9x) compared to the European Banks industry average (10.4x).
PE vs Market: TLV is good value based on its PE Ratio (7.9x) compared to the RO market (12.8x).
Price to Earnings Growth Ratio
PEG Ratio: TLV is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: TLV is overvalued based on its PB Ratio (1.5x) compared to the XE Banks industry average (0.7x).
Future Growth
How is Banca Transilvania forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TLV's forecast earnings growth (4% per year) is above the savings rate (1.2%).
Earnings vs Market: TLV's earnings (4% per year) are forecast to grow slower than the RO market (10% per year).
High Growth Earnings: TLV's earnings are forecast to grow, but not significantly.
Revenue vs Market: TLV's revenue (6.5% per year) is forecast to grow faster than the RO market (5.8% per year).
High Growth Revenue: TLV's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TLV's Return on Equity is forecast to be low in 3 years time (15.5%).
Past Performance
How has Banca Transilvania performed over the past 5 years?
7.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TLV has high quality earnings.
Growing Profit Margin: TLV's current net profit margins (42.3%) are higher than last year (34.1%).
Past Earnings Growth Analysis
Earnings Trend: TLV's earnings have grown by 7.6% per year over the past 5 years.
Accelerating Growth: TLV's earnings growth over the past year (55.4%) exceeds its 5-year average (7.6% per year).
Earnings vs Industry: TLV earnings growth over the past year (55.4%) exceeded the Banks industry 38%.
Return on Equity
High ROE: TLV's Return on Equity (18.7%) is considered low.
Financial Health
How is Banca Transilvania'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: TLV's Assets to Equity ratio (10.8x) is moderate.
Allowance for Bad Loans: TLV has a sufficient allowance for bad loans (130%).
Low Risk Liabilities: 93% of TLV's liabilities are made up of primarily low risk sources of funding.
Loan Level: TLV has an appropriate level of Loans to Assets ratio (40%).
Low Risk Deposits: TLV's Loans to Deposits ratio (47%) is appropriate.
Level of Bad Loans: TLV has a high level of bad loans (5.7%).
Dividend
What is Banca Transilvania current dividend yield, its reliability and sustainability?
2.89%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TLV's dividend (2.89%) is higher than the bottom 25% of dividend payers in the RO market (2.82%).
High Dividend: TLV's dividend (2.89%) is low compared to the top 25% of dividend payers in the RO market (5.6%).
Stability and Growth of Payments
Stable Dividend: TLV has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TLV has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.8%), TLV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TLV's dividends in 3 years are forecast to be covered by earnings (67% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average management tenure
CEO
Omer Tetik (48 yo)
8.5yrs
Tenure
Mr. Omer Tetik has been Director at Fondul Proprietatea SA since April 05, 2021. Mr. Tetik has been Chief Executive Officer at Banca Transilvania S.A. since June 2013. His work Experience includes From Dec...
Leadership Team
Experienced Management: TLV's management team is seasoned and experienced (8.3 years average tenure).
Board Members
Experienced Board: TLV's board of directors are considered experienced (7.7 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
Banca Transilvania S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Banca Transilvania S.A.
- Ticker: TLV
- Exchange: BVB
- Founded: 1993
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: RON15.705b
- Shares outstanding: 6.29b
- Website: https://www.bancatransilvania.ro
Number of Employees
Location
- Banca Transilvania S.A.
- 8 George Baritiu Street
- Cluj-Napoca
- 400027
- Romania
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/12/06 21:42 |
| End of Day Share Price | 2021/12/06 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.