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BT

Banque de Tunisie Société anonymeBVMT:BT Stock Report

Market Cap

د.ت1.3b

7D

0.2%

1Y

-13.3%

Updated

19 Oct, 2021

Data

Company Financials
BT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends2/6

BT Overview

Banque de Tunisie Société anonyme provides various banking products and services to individuals, professionals, and businesses in Tunisia.

Banque de Tunisie Société anonyme Competitors

Banque Attijari de Tunisie Société anonyme

BVMT:TJARI

د.ت1.3b

Amen Bank Société anonyme

BVMT:AB

د.ت555.8m

Union Internationale de Banques Société anonyme

BVMT:UIB

د.ت553.0m

Société Tunisienne de Banque Société anonyme

BVMT:STB

د.ت413.7m

Price History & Performance

Summary of all time highs, changes and price drops for Banque de Tunisie Société anonyme
Historical stock prices
Current Share Priceد.ت5.81
52 Week Highد.ت5.80
52 Week Lowد.ت6.99
Beta-0.11
1 Month Change-6.14%
3 Month Change-7.63%
1 Year Change-13.28%
3 Year Change-25.70%
5 Year Change-8.53%
Change since IPO230.67%

Recent News & Updates

Shareholder Returns

BTTN BanksTN Market
7D0.2%-0.4%-0.5%
1Y-13.3%-12.8%-0.07%

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

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

Price Volatility

Is BT's price volatile compared to industry and market?
BT volatility
BT Beta-0.11
Industry Beta0.68
Market Beta1

Stable Share Price: BT is less volatile than 75% of TN stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BT's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1884n/aMohamed Ben Saadhttps://www.bt.com.tn

Banque de Tunisie Société anonyme provides various banking products and services to individuals, professionals, and businesses in Tunisia. It offers current, savings, and deposit accounts. The company also provides various funding solutions for consumption, home improvements, vehicle, computer, property, and education; advance payment, mobilization of administrative claims, overdraft facility, seasonal credit, stock financing, commercial discount, advance on merchandise, and market pre-financing; and international trade funding comprising down streaming currency, export pre-financing, documentary credit, transfer abroad, documentary remittance, and business travel allowance, as well as investment financing and bank guarantees.

Banque de Tunisie Société anonyme Fundamentals Summary

How do Banque de Tunisie Société anonyme's earnings and revenue compare to its market cap?
BT fundamental statistics
Market Capد.ت1.31b
Earnings (TTM)د.ت94.41m
Revenue (TTM)د.ت304.95m

13.8x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BT income statement (TTM)
Revenueد.ت304.95m
Cost of Revenueد.ت3.98m
Gross Profitد.ت300.97m
Expensesد.ت206.55m
Earningsد.ت94.41m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.42
Gross Margin98.69%
Net Profit Margin30.96%
Debt/Equity Ratio64.7%

How did BT perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

83%

Payout Ratio

Valuation

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

13.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BT (TND5.81) is trading above our estimate of fair value (TND1.37)

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


Price To Earnings Ratio

PE vs Industry: BT is poor value based on its PE Ratio (13.8x) compared to the TN Banks industry average (6.7x).

PE vs Market: BT is poor value based on its PE Ratio (13.8x) compared to the TN market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BT is overvalued based on its PB Ratio (1.2x) compared to the TN Banks industry average (0.7x).


Future Growth

How is Banque de Tunisie Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.9%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Banque de Tunisie Société anonyme has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Banque de Tunisie Société anonyme performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BT has high quality earnings.

Growing Profit Margin: BT's current net profit margins (31%) are lower than last year (43.3%).


Past Earnings Growth Analysis

Earnings Trend: BT's earnings have grown by 4% per year over the past 5 years.

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

Earnings vs Industry: BT had negative earnings growth (-32.4%) over the past year, making it difficult to compare to the Banks industry average (-20.8%).


Return on Equity

High ROE: BT's Return on Equity (8.9%) is considered low.


Financial Health

How is Banque de Tunisie 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: BT's Assets to Equity ratio (5.7x) is low.

Allowance for Bad Loans: BT has a sufficient allowance for bad loans (173%).

Low Risk Liabilities: 74% of BT's liabilities are made up of primarily low risk sources of funding.

Loan Level: BT has an appropriate level of Loans to Assets ratio (75%).

Low Risk Deposits: BT's Loans to Deposits ratio (124%) is appropriate.

Level of Bad Loans: BT has a high level of bad loans (4.1%).


Dividend

What is Banque de Tunisie Société anonyme current dividend yield, its reliability and sustainability?

6.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BT's dividend (6.02%) is higher than the bottom 25% of dividend payers in the TN market (2.89%).

High Dividend: BT's dividend (6.02%) is low compared to the top 25% of dividend payers in the TN market (6.62%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (83.3%), BT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.5yrs

Average board tenure


CEO

Mohamed Ben Saad (69 yo)

10.75yrs

Tenure

Mr. Mohamed Habib Ben Saad served as Chairman at Banque de Tunisie SA. Mr. Saad has been Managing Director (CEO) at Banque de Tunisie SA. since January 30, 2011.Mr. Saad was a Director at Banque de Tunisi...


Board Members

Experienced Board: BT's board of directors are considered experienced (3.5 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Banque de Tunisie Société anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: Banque de Tunisie Société anonyme
  • Ticker: BT
  • Exchange: BVMT
  • Founded: 1884
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: د.ت1.307b
  • Shares outstanding: 225.00m
  • Website: https://www.bt.com.tn

Location

  • Banque de Tunisie Société anonyme
  • 2, Rue de Turquie
  • Tunis
  • 1001
  • 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 15:01
End of Day Share Price2021/10/14 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.