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QNBF

QNB FinansbankIBSE:QNBFB Stock Report

Market Cap

₺194.5b

7D

46.1%

1Y

-19.3%

Updated

07 Dec, 2021

Data

Company Financials
QNBFB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

QNBFB Stock Overview

QNB Finansbank A.S. provides various banking products and services in Turkey.

QNB Finansbank Competitors

Turkiye Garanti Bankasi

IBSE:GARAN

₺49.7b

Akbank T.A.S

IBSE:AKBNK

₺37.4b

Türkiye Is Bankasi

IBSE:ISCTR

₺34.7b

Yapi ve Kredi Bankasi

IBSE:YKBNK

₺30.0b

Price History & Performance

Summary of all time highs, changes and price drops for QNB Finansbank
Historical stock prices
Current Share Price₺58.05
52 Week High₺74.95
52 Week Low₺33.76
Beta1.6
1 Month Change56.47%
3 Month Change50.70%
1 Year Change-19.26%
3 Year Change711.89%
5 Year Change1,279.22%
Change since IPO230,788.55%

Recent News & Updates

Shareholder Returns

QNBFBTR BanksTR Market
7D46.1%23.7%9.3%
1Y-19.3%-10.1%21.5%

Return vs Industry: QNBFB underperformed the TR Banks industry which returned -10.1% over the past year.

Return vs Market: QNBFB underperformed the TR Market which returned 21.5% over the past year.

Price Volatility

Is QNBFB's price volatile compared to industry and market?
QNBFB volatility
QNBFB Average Weekly Movement7.2%
Banks Industry Average Movement5.0%
Market Average Movement5.5%
10% most volatile stocks in TR Market9.0%
10% least volatile stocks in TR Market4.0%

Stable Share Price: QNBFB is not significantly more volatile than the rest of TR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: QNBFB's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198711,292Temel Guzelogluhttps://www.qnbfinansbank.com

QNB Finansbank A.S. provides various banking products and services in Turkey. It offers deposit products, including savings, daily yield, gold, and payroll accounts; time and demand deposits; consumer, auto, and mortgage loans; payments services; safe deposit boxes; and various insurance products comprising life, workplace, unemployment, auto, home, professional liability, personal accident, and e-insurance, as well as overdrafts, bank and credit cards, and support products. The company also provides investment products, such as treasury bills and government bonds, bank bills and bank bonds, Eurobonds, mutual funds, capital guaranteed and exchange traded funds, deposits fund, derivatives, and repo and stocks, as well as private portfolio products.

QNB Finansbank Fundamentals Summary

How do QNB Finansbank's earnings and revenue compare to its market cap?
QNBFB fundamental statistics
Market Cap₺194.47b
Earnings (TTM)₺3.30b
Revenue (TTM)₺9.00b

58.9x

P/E Ratio

9.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QNBFB income statement (TTM)
Revenue₺9.00b
Cost of Revenue₺266.07m
Gross Profit₺8.74b
Expenses₺5.44b
Earnings₺3.30b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.99
Gross Margin97.04%
Net Profit Margin36.67%
Debt/Equity Ratio394.0%

How did QNBFB perform over the long term?

See historical performance and comparison

Valuation

Is QNB Finansbank undervalued compared to its fair value and its price relative to the market?

58.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: QNBFB (TRY58.05) is trading above our estimate of fair value (TRY4.29)

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


Price To Earnings Ratio

PE vs Industry: QNBFB is poor value based on its PE Ratio (58.9x) compared to the TR Banks industry average (7.2x).

PE vs Market: QNBFB is poor value based on its PE Ratio (58.9x) compared to the TR market (16x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: QNBFB is overvalued based on its PB Ratio (9x) compared to the TR Banks industry average (0.6x).


Future Growth

How is QNB Finansbank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.5%

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 QNB Finansbank 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 QNB Finansbank performed over the past 5 years?

16.9%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: QNBFB's current net profit margins (36.7%) are higher than last year (35.2%).


Past Earnings Growth Analysis

Earnings Trend: QNBFB's earnings have grown by 16.9% per year over the past 5 years.

Accelerating Growth: QNBFB's earnings growth over the past year (18.9%) exceeds its 5-year average (16.9% per year).

Earnings vs Industry: QNBFB earnings growth over the past year (18.9%) underperformed the Banks industry 26.9%.


Return on Equity

High ROE: QNBFB's Return on Equity (15.3%) is considered low.


Financial Health

How is QNB Finansbank'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: QNBFB's Assets to Equity ratio (13.1x) is moderate.

Allowance for Bad Loans: QNBFB has a sufficient allowance for bad loans (120%).

Low Risk Liabilities: 62% of QNBFB's liabilities are made up of primarily low risk sources of funding.

Loan Level: QNBFB has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: QNBFB's Loans to Deposits ratio (108%) is appropriate.

Level of Bad Loans: QNBFB has a high level of bad loans (5.5%).


Dividend

What is QNB Finansbank current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate QNBFB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate QNBFB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if QNBFB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if QNBFB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: QNBFB is not paying a notable dividend for the TR market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of QNBFB's dividend in 3 years as they are not forecast to pay a notable one for the TR market.


Next Steps

Management

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

10.3yrs

Average management tenure


CEO

Temel Guzeloglu (52 yo)

11.67yrs

Tenure

Mr. Temel Guzeloglu has been Chief Executive Officer at QNB Finansbank AS of Qatar National Bank (Q.P.S.C.). He has been Chief Executive Officer at QNB Finansbank AS since April 2010 and was its Managing D...


Leadership Team

Experienced Management: QNBFB's management team is seasoned and experienced (10.3 years average tenure).


Board Members

Experienced Board: QNBFB's board of directors are considered experienced (5.5 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

QNB Finansbank A.S.'s employee growth, exchange listings and data sources


Key Information

  • Name: QNB Finansbank A.S.
  • Ticker: QNBFB
  • Exchange: IBSE
  • Founded: 1987
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₺194.468b
  • Shares outstanding: 3.35b
  • Website: https://www.qnbfinansbank.com

Number of Employees


Location

  • QNB Finansbank A.S.
  • Esentepe Mahallesi
  • Büyükdere Caddesi Kristal Kule Binasi No:215
  • Istanbul
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/07 23:03
End of Day Share Price2021/12/07 00:00
Earnings2021/09/30
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.