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NLBR

Nova Ljubljanska Banka d.d LJSE:NLBR Stock Report

Last Price

€63.60

Market Cap

€1.3b

7D

0.3%

1Y

6.4%

Updated

17 May, 2022

Data

Company Financials +
NLBR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends3/6

NLBR Stock Overview

Nova Ljubljanska Banka d.d., together with its subsidiaries, provides various banking and financial services in Slovenia, South East Europe, and Western Europe.

Nova Ljubljanska Banka d.d Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Nova Ljubljanska Banka d.d
Historical stock prices
Current Share Price€63.60
52 Week High€82.80
52 Week Low€59.20
Beta0.90
1 Month Change-5.92%
3 Month Change-16.75%
1 Year Change6.36%
3 Year Change3.92%
5 Year Changen/a
Change since IPO12.27%

Recent News & Updates

Mar 01
Here's Why We Think Nova Ljubljanska Banka d.d (LJSE:NLBR) Is Well Worth Watching

Here's Why We Think Nova Ljubljanska Banka d.d (LJSE:NLBR) Is Well Worth Watching

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

NLBRSI BanksSI Market
7D0.3%3.2%0.5%
1Y6.4%-11.4%0.6%

Return vs Industry: NLBR exceeded the SI Banks industry which returned -11.4% over the past year.

Return vs Market: NLBR exceeded the SI Market which returned 0.6% over the past year.

Price Volatility

Is NLBR's price volatile compared to industry and market?
NLBR volatility
NLBR Average Weekly Movement4.0%
Banks Industry Average Movement5.7%
Market Average Movement4.5%
10% most volatile stocks in SI Market6.3%
10% least volatile stocks in SI Market3.3%

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

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

About the Company

FoundedEmployeesCEOWebsite
18898,475Blaz Brodnjakhttps://www.nlb.si

Nova Ljubljanska Banka d.d., together with its subsidiaries, provides various banking and financial services in Slovenia, South East Europe, and Western Europe. It operates through Retail Banking in Slovenia, Corporate and Investment Banking in Slovenia, Strategic Foreign Markets, Financial markets in Slovenia, Non-Core Members, and Other Activities segments. The company offers deposits and business accounts; savings and investment insurance; risk and health insurance; non-life insurance products, including car and home insurance; private banking services; real estate and asset management services; leasing services; financial services, including lending, cash management, payment, and capital markets’ advisory services; and investment banking and securities, liquidity management, treasury, and wholesale funding services.

Nova Ljubljanska Banka d.d Fundamentals Summary

How do Nova Ljubljanska Banka d.d's earnings and revenue compare to its market cap?
NLBR fundamental statistics
Market Cap€1.28b
Earnings (TTM)€403.32m
Revenue (TTM)€722.98m

3.2x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NLBR income statement (TTM)
Revenue€722.98m
Cost of Revenue€0
Gross Profit€722.98m
Other Expenses€319.66m
Earnings€403.32m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)20.17
Gross Margin100.00%
Net Profit Margin55.79%
Debt/Equity Ratio65.2%

How did NLBR perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

23%

Payout Ratio

Does NLBR pay a reliable dividends?

See NLBR dividend history and benchmarks
When do you need to buy NLBR by to receive an upcoming dividend?
Nova Ljubljanska Banka d.d dividend dates
Ex Dividend DateJun 24 2022
Dividend Pay DateJun 28 2022
Days until Ex dividend37 days
Days until Dividend pay date41 days

Does NLBR pay a reliable dividends?

See NLBR dividend history and benchmarks

Valuation

Is Nova Ljubljanska Banka d.d undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NLBR (€63.6) is trading below our estimate of fair value (€207.85)

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


Price To Earnings Ratio

PE vs Industry: NLBR is good value based on its PE Ratio (3.2x) compared to the European Banks industry average (9.4x).

PE vs Market: NLBR is good value based on its PE Ratio (3.2x) compared to the SI market (8.3x).


Price to Earnings Growth Ratio

PEG Ratio: NLBR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NLBR's PB Ratio (0.6x) is in line with the XE Banks industry average.


Future Growth

How is Nova Ljubljanska Banka d.d forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-4.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NLBR's earnings are forecast to decline over the next 3 years (-4.2% per year).

Earnings vs Market: NLBR's earnings are forecast to decline over the next 3 years (-4.2% per year).

High Growth Earnings: NLBR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NLBR's revenue (5.3% per year) is forecast to grow faster than the SI market (4.6% per year).

High Growth Revenue: NLBR's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NLBR's Return on Equity is forecast to be low in 3 years time (10.7%).


Past Performance

How has Nova Ljubljanska Banka d.d performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.8%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: NLBR's current net profit margins (55.8%) are lower than last year (58.6%).


Past Earnings Growth Analysis

Earnings Trend: NLBR's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: NLBR's earnings growth over the past year (27.6%) exceeds its 5-year average (13.8% per year).

Earnings vs Industry: NLBR earnings growth over the past year (27.6%) underperformed the Banks industry 35.9%.


Return on Equity

High ROE: NLBR's Return on Equity (17.5%) is considered low.


Financial Health

How is Nova Ljubljanska Banka d.d's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • 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: NLBR's Assets to Equity ratio (9.7x) is low.

Allowance for Bad Loans: NLBR has a low allowance for bad loans (86%).

Low Risk Liabilities: 90% of NLBR's liabilities are made up of primarily low risk sources of funding.

Loan Level: NLBR has an appropriate level of Loans to Assets ratio (53%).

Low Risk Deposits: NLBR's Loans to Deposits ratio (66%) is appropriate.

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


Dividend

What is Nova Ljubljanska Banka d.d current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.25%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 17 2022Ex Dividend DateJun 24 2022Dividend Pay DateJun 28 20224 days from Ex DividendBuy in the next 37 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: NLBR's dividend (7.25%) is higher than the bottom 25% of dividend payers in the SI market (5.03%).

High Dividend: NLBR's dividend (7.25%) is low compared to the top 25% of dividend payers in the SI market (8.74%).


Stability and Growth of Payments

Stable Dividend: NLBR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NLBR has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (22.9%), NLBR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NLBR's dividends in 3 years are forecast to be well covered by earnings (49.8% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Blaz Brodnjak (47 yo)

9.42yrs

Tenure

€574,291

Compensation

Mr. Blaz Brodnjak serves as the President of the Management Board, President, CEO and CMO at Nova Ljubljanska banka d.d., Ljubljana since July 6, 2016. He served as Chairman of Supervisory Board at NLB Ban...


CEO Compensation Analysis

Compensation vs Market: Blaz's total compensation ($USD597.47K) is below average for companies of similar size in the SI market ($USD1.28M).

Compensation vs Earnings: Blaz's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: NLBR's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: NLBR's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

Nova Ljubljanska Banka d.d.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nova Ljubljanska Banka d.d.
  • Ticker: NLBR
  • Exchange: LJSE
  • Founded: 1889
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: €1.280b
  • Shares outstanding: 20.00m
  • Website: https://www.nlb.si

Number of Employees


Location

  • Nova Ljubljanska Banka d.d.
  • Trg republike 2
  • Ljubljana
  • 1000
  • Slovenia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 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.