IBSE:QNBFB

Stock Analysis Report

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Executive Summary

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

Risk Analysis

High level of non-cash earnings



Snowflake Analysis

Excellent balance sheet with poor track record.


Similar Companies

Share Price & News

How has QNB Finansbank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QNBFB is not significantly more volatile than the rest of TR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: QNBFB's weekly volatility has decreased from 12% to 6% over the past year.


Market Performance


7 Day Return

-0.7%

QNBFB

-1.7%

TR Banks

1.7%

TR Market


1 Year Return

-11.4%

QNBFB

-20.2%

TR Banks

27.2%

TR Market

Return vs Industry: QNBFB exceeded the TR Banks industry which returned -20.2% over the past year.

Return vs Market: QNBFB underperformed the TR Market which returned 27.2% over the past year.


Shareholder returns

QNBFBIndustryMarket
7 Day-0.7%-1.7%1.7%
30 Day-2.4%-0.9%8.9%
90 Day-4.1%5.5%17.1%
1 Year-11.4%-11.4%-20.1%-20.2%36.5%27.2%
3 Year828.2%821.9%74.9%55.9%111.3%80.7%
5 Year1,513.3%1,502.4%168.7%128.0%264.5%186.8%

Long-Term Price Volatility Vs. Market

How volatile is QNB Finansbank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

81.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: QNBFB (TRY67.3) is trading above our estimate of fair value (TRY3.6)

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 (81.2x) compared to the TR Banks industry average (6.4x).

PE vs Market: QNBFB is poor value based on its PE Ratio (81.2x) compared to the TR market (24.5x).


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 (12.6x) compared to the TR Banks industry average (0.7x).


Next Steps

Future Growth

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

18.5%

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.


Next Steps

Past Performance

How has QNB Finansbank performed over the past 5 years?

27.2%

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 (35.2%) are lower than last year (38.6%).


Past Earnings Growth Analysis

Earnings Trend: QNBFB's earnings have grown significantly by 27.2% per year over the past 5 years.

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

Earnings vs Industry: QNBFB had negative earnings growth (-1.3%) over the past year, making it difficult to compare to the Banks industry average (20.3%).


Return on Equity

High ROE: QNBFB's Return on Equity (15.6%) is considered low.


Next Steps

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 (13.3x) is moderate.

Allowance for Bad Loans: QNBFB has a sufficient allowance for bad loans (101%).

Low Risk Liabilities: 61% 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 (61%).

Low Risk Deposits: QNBFB's Loans to Deposits ratio (107%) is appropriate.

Level of Bad Loans: QNBFB has a high level of bad loans (6.7%).


Next Steps

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?

9.5yrs

Average management tenure


CEO

Temel Güzeloglu (51 yo)

10.75yrs

Tenure

Mr. Temel Güzeloglu 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

NamePositionTenureCompensationOwnership
Temel Güzeloglu
CEO & Director10.75yrsno datano data
Sinan Sahinbas
Vice Chairman of the Board10.75yrsno datano data
Adnan Yayla
Executive VP of Financial Control & Planning and Group CFO12.67yrsno datano data
Burcu Günhar
Investor Relations Managerno datano datano data
Ahmet Erzengin
Head of Internal Control & Compliance Division8.33yrsno datano data
Ali Yilmaz
Chief Legal Officer & Executive VP2.67yrsno datano data
Cenk Akincilar
Executive Vice President of Human Resources2yrsno datano data
Erkin Aydin
Executive Vice President of Retail Banking9.67yrsno datano data
Ersin Emir
Chief Audit Executive9.92yrsno datano data
Mehmet Demirkol
Executive Vice President of IT10.25yrsno datano data
Osman Tan
Executive Vice President of Corporate & Commercial Banking9.25yrsno datano data
Zeynep Demirkiran
Head of Risk Management9.33yrsno datano data

9.5yrs

Average Tenure

49yo

Average Age

Experienced Management: QNBFB's management team is seasoned and experienced (9.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Temel Güzeloglu
CEO & Director10.75yrsno datano data
Sinan Sahinbas
Vice Chairman of the Board10.75yrsno datano data
Osman Yolalan
Independent Director4.58yrsno datano data
Mehmet Ömer Aras
Chairman of the Board10.75yrsno datano data
Ali Kerman
Independent Director7.75yrsno datano data
Ramzi Talat Mari
Independent Director4.58yrsno datano data
Noor Mohammad J. Al-Naimi
Independent Director3.58yrsno datano data
Durmus Kuzu
Independent Director4.42yrsno datano data
Fatma Al-Suwaidi
Independent Director4.58yrsno datano data
Adel Ali Al-Malki
Director1.67yrsno datano data
Yousef Mahmood Hussain Al-Naama
Director1.67yrsno datano data

4.6yrs

Average Tenure

54yo

Average Age

Experienced Board: QNBFB's board of directors are considered experienced (4.6 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 company bio, 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: ₺224.953b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QNBFBIBSE (Borsa Istanbul (BIST))YesOrdinary SharesTRTRYNov 1991

Biography

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, aut...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 17:26
End of Day Share Price2021/01/20 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.