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BNA

Banque Nationale Agricole Société anonymeBVMT:BNA Stock Report

Market Cap

د.ت265.7m

7D

-1.1%

1Y

-15.3%

Updated

19 Oct, 2021

Data

Company Financials +
BNA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health3/6
Dividends4/6

BNA Overview

Banque Nationale Agricole Société anonyme provides various banking products and services in Tunisia.

Banque Nationale Agricole Société anonyme Competitors

Banque de Tunisie Société anonyme

BVMT:BT

د.ت1.3b

Banque Attijari de Tunisie Société anonyme

BVMT:TJARI

د.ت1.3b

Amen Bank Société anonyme

BVMT:AB

د.ت556.1m

Union Internationale de Banques Société anonyme

BVMT:UIB

د.ت536.0m

Price History & Performance

Summary of all time highs, changes and price drops for Banque Nationale Agricole Société anonyme
Historical stock prices
Current Share Priceد.ت7.49
52 Week Highد.ت6.90
52 Week Lowد.ت8.99
Beta0.23
1 Month Change4.76%
3 Month Change4.03%
1 Year Change-15.27%
3 Year Change-57.51%
5 Year Change-10.47%
Change since IPO-34.01%

Recent News & Updates

Shareholder Returns

BNATN BanksTN Market
7D-1.1%-1.0%-0.3%
1Y-15.3%-12.9%0.3%

Return vs Industry: BNA underperformed the TN Banks industry which returned -12.8% over the past year.

Return vs Market: BNA underperformed the TN Market which returned -0.1% over the past year.

Price Volatility

Is BNA's price volatile compared to industry and market?
BNA volatility
BNA Beta0.23
Industry Beta0.68
Market Beta1

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

Volatility Over Time: BNA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1959n/aMondher Lakhalhttps://www.bna.tn

Banque Nationale Agricole Société anonyme provides various banking products and services in Tunisia. It accepts various accounts; provides financing solutions for individuals, business, agricultural, and professionals; cards, bancassurance products, and savings and investment products, as well as international payment and guarantee, moneygram, and remote banking services; and foreign exchange transactions. The company was founded in 1959 and is headquartered in Tunis, Tunisia.

Banque Nationale Agricole Société anonyme Fundamentals Summary

How do Banque Nationale Agricole Société anonyme's earnings and revenue compare to its market cap?
BNA fundamental statistics
Market Capد.ت265.66m
Earnings (TTM)د.ت107.64m
Revenue (TTM)د.ت466.46m

2.5x

P/E Ratio

0.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BNA income statement (TTM)
Revenueد.ت466.46m
Cost of Revenueد.ت0
Gross Profitد.ت466.46m
Expensesد.ت358.82m
Earningsد.ت107.64m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)3.03
Gross Margin100.00%
Net Profit Margin23.08%
Debt/Equity Ratio171.3%

How did BNA perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Banque Nationale Agricole Société anonyme undervalued compared to its fair value and its price relative to the market?

2.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BNA (TND7.49) is trading above our estimate of fair value (TND0.84)

Significantly Below Fair Value: BNA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BNA is good value based on its PE Ratio (2.5x) compared to the TN Banks industry average (6.7x).

PE vs Market: BNA is good value based on its PE Ratio (2.5x) compared to the TN market (11.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BNA is good value based on its PB Ratio (0.2x) compared to the TN Banks industry average (0.7x).


Future Growth

How is Banque Nationale Agricole Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-5.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BNA's earnings are forecast to decline over the next 3 years (-5.3% per year).

Earnings vs Market: BNA's earnings are forecast to decline over the next 3 years (-5.3% per year).

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

Revenue vs Market: BNA's revenue (17.4% per year) is forecast to grow faster than the TN market (7.5% per year).

High Growth Revenue: BNA's revenue (17.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BNA's Return on Equity is forecast to be low in 3 years time (5.2%).


Past Performance

How has Banque Nationale Agricole Société anonyme performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: BNA's current net profit margins (23.1%) are lower than last year (24.3%).


Past Earnings Growth Analysis

Earnings Trend: BNA's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: BNA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BNA had negative earnings growth (-17.8%) over the past year, making it difficult to compare to the Banks industry average (-20.8%).


Return on Equity

High ROE: BNA's Return on Equity (5.9%) is considered low.


Financial Health

How is Banque Nationale Agricole Société anonyme'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: BNA's Assets to Equity ratio (7.4x) is low.

Allowance for Bad Loans: Insufficient data to determine if BNA has a sufficient allowance for bad loans.

Low Risk Liabilities: 68% of BNA's liabilities are made up of primarily low risk sources of funding.

Loan Level: BNA has an appropriate level of Loans to Assets ratio (78%).

Low Risk Deposits: BNA's Loans to Deposits ratio (133%) is high.

Level of Bad Loans: Insufficient data to determine if BNA has an appropriate level of bad loans.


Dividend

What is Banque Nationale Agricole Société anonyme current dividend yield, its reliability and sustainability?

6.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BNA's dividend (6.68%) is higher than the bottom 25% of dividend payers in the TN market (2.89%).

High Dividend: BNA's dividend (6.68%) is in the top 25% of dividend payers in the TN market (6.62%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether BNA's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if BNA's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.7%), BNA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BNA's dividends in 3 years are forecast to be well covered by earnings (34% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Mondher Lakhal

1

Tenure

Mr. Mondher Lakhal serves as Managing Director at Banque Nationale Agricole Société anonyme since March 19, 2021 and has been its Chief Executive Officer since March 19, 2021. He served as Deputy Managing...


Leadership Team

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


Board Members

Experienced Board: BNA'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

Banque Nationale Agricole Société anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: Banque Nationale Agricole Société anonyme
  • Ticker: BNA
  • Exchange: BVMT
  • Founded: 1959
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: د.ت265.659m
  • Shares outstanding: 35.47m
  • Website: https://www.bna.tn

Location

  • Banque Nationale Agricole Société anonyme
  • Avenue Mohamed V Bab Bhar
  • Tunis
  • 1002
  • Tunisia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 21:42
End of Day Share Price2021/10/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.