IBSE:QNBFB

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with questionable 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.3%

QNBFB

1.5%

TR Banks

2.7%

TR Market


1 Year Return

677.4%

QNBFB

89.6%

TR Banks

53.1%

TR Market

Return vs Industry: QNBFB exceeded the TR Banks industry which returned 89.6% over the past year.

Return vs Market: QNBFB exceeded the TR Market which returned 53.1% over the past year.


Shareholder returns

QNBFBIndustryMarket
7 Day-1.3%1.5%2.7%
30 Day2.7%2.7%9.6%
90 Day-8.7%-10.5%0.9%
1 Year677.4%677.4%89.8%89.6%56.9%53.1%
3 Year865.1%858.6%48.0%30.6%58.6%40.3%
5 Year1691.5%1679.4%88.0%58.8%107.0%70.5%

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?

53.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: QNBFB (TRY47.5) is trading above our estimate of fair value (TRY2.46)

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 (53.8x) compared to the Banks industry average (5.9x).

PE vs Market: QNBFB is poor value based on its PE Ratio (53.8x) compared to the TR market (15.1x).


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 (9.8x) compared to the TR Banks industry average (0.5x).


Next Steps

Future Growth

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

27.5%

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?

28.6%

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 (37.9%) are lower than last year (38.6%).


Past Earnings Growth Analysis

Earnings Trend: QNBFB's earnings have grown significantly by 28.6% per year over the past 5 years.

Accelerating Growth: QNBFB's earnings growth over the past year (11.2%) is below its 5-year average (28.6% per year).

Earnings vs Industry: QNBFB earnings growth over the past year (11.2%) exceeded the Banks industry 1.1%.


Return on Equity

High ROE: QNBFB's Return on Equity (18.3%) 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 (13.1x) is moderate.

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

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 (60%).

Low Risk Deposits: QNBFB's Loans to Deposits ratio (105%) is appropriate.

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


Next Steps

Dividend

What is QNB Finansbank's 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?

9.2yrs

Average management tenure


CEO

Temel Güzeloglu (50yo)

10.17yrs

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 & Director10.17yrsno datano data
Sinan Sahinbas
Vice Chairman of the Board10.17yrsno datano data
Adnan Yayla
Executive VP of Financial Control & Planning and Group CFO12.08yrsno datano data
Burcu Günhar
Investor Relations Managerno datano datano data
Ahmet Erzengin
Head of Internal Control & Compliance Division7.75yrsno datano data
Ali Yilmaz
Chief Legal Officer & Executive VP2.08yrsno datano data
Cenk Akincilar
Executive Vice President of Human Resources1.42yrsno datano data
Erkin Aydin
Executive Vice President of Retail Banking9.08yrsno datano data
Ersin Emir
Chief Audit Executive9.33yrsno datano data
Mehmet Demirkol
Executive Vice President of IT9.67yrsno datano data

9.2yrs

Average Tenure

49yo

Average Age

Experienced Management: QNBFB's management team is seasoned and experienced (9.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Temel Güzeloglu
CEO & Director10.17yrsno datano data
Sinan Sahinbas
Vice Chairman of the Board10.17yrsno datano data
Osman Yolalan
Independent Director4yrsno datano data
Mehmet Ömer Aras
Chairman of the Board10.17yrsno datano data
Ali Kerman
Independent Director7.17yrsno datano data
Ramzi Talat Mari
Independent Director4yrsno datano data
Noor Mohammad J. Al-Naimi
Independent Director3yrsno datano data
Durmus Kuzu
Independent Director3.83yrsno datano data
Fatma Al-Suwaidi
Independent Director4yrsno datano data
Adel Ali Al-Malki
Director1.08yrsno datano data

4.0yrs

Average Tenure

53yo

Average Age

Experienced Board: QNBFB's board of directors are considered experienced (4 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: ₺159.125b
  • 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, auto, and mortgage loans; payments services; safe deposit boxes; and various insurance products comprising life, workplace, unemployment, auto, home, professional liability, personal accident, and agriculture insurance. 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. In addition, it offers cash management, foreign trade, and corporate banking services; and financial leasing and factoring services, as well as private pension products. Further, the company provides portfolio management, custody, and asset and wealth management; international banking; and merchant services. Additionally, it offers wholesale and commercial banking products, including structured and project finance, transaction banking, financial institutions, treasury, investment banking, and advisory services. As of December 31, 2019, it operated through a network of 523 domestic branches, 1 offshore branch, and 1 airport branch. The company was formerly known as Finansbank A.S. and changed its name to QNB Finansbank A.S. in January 2018. The company was founded in 1987 and is headquartered in Istanbul, Turkey. QNB Finansbank A.S. is a subsidiary of Qatar National Bank (Q.P.S.C.). 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 20:13
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
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.