OTCPK:ABMR.F

Stock Analysis Report

Executive Summary

ABN AMRO Bank N.V. provides various banking products and services in the Netherlands and internationally.

Snowflake

Fundamentals

Good value with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has ABN AMRO Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

ABMR.F

1.2%

US Banks

0.6%

US Market


1 Year Return

-24.1%

ABMR.F

0.03%

US Banks

6.2%

US Market

Return vs Industry: ABMR.F underperformed the US Banks industry which returned 0% over the past year.

Return vs Market: ABMR.F underperformed the US Market which returned 6.2% over the past year.


Share holder returns

ABMR.FIndustryMarket
7 Day0%1.2%0.6%
30 Day0%-2.2%-1.8%
90 Dayn/a-0.06%-2.0%
1 Year-24.1%-24.1%2.9%0.03%8.6%6.2%
3 Yearn/a51.4%40.9%45.7%36.3%
5 Yearn/a70.7%52.1%68.5%50.0%

Price Volatility Vs. Market

How volatile is ABN AMRO Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is ABN AMRO Bank undervalued based on future cash flows and its price relative to the stock market?

19%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: ABMR.F ($21) is trading below our estimate of fair value ($25.84)

Significantly Undervalued: ABMR.F is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: ABMR.F is good value based on its PE Ratio (7.3x) compared to the Banks industry average (12.5x).

PE vs Market: ABMR.F is good value based on its PE Ratio (7.3x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: ABMR.F is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is ABN AMRO Bank expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

-1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: ABMR.F's earnings are forecast to decline over the next 3 years (-1.8% per year).

Earnings vs Market: ABMR.F's earnings are forecast to decline over the next 3 years (-1.8% per year).

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

Revenue vs Market: ABMR.F's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: ABMR.F's revenue is forecast to decline over the next 3 years (-1%).


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: ABMR.F's Return on Equity is forecast to be low in 3 years time (9.2%).


Next Steps

Past Performance

How has ABN AMRO Bank performed over the past 5 years?

15.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ABMR.F's earnings have grown by 15.8% per year over the past 5 years.

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

Earnings vs Industry: ABMR.F had negative earnings growth (-14.1%) over the past year, making it difficult to compare to the Banks industry average (31.8%).


Return on Equity

High ROE: ABMR.F's Return on Equity (10.3%) is considered low.


Return on Assets

ROA vs Industry: ABMR.F's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate ABMR.F's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is ABN AMRO Bank'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

Inventory Level: ABMR.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: ABMR.F's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: ABMR.F's level of assets compared to its equity is moderate.

Allowance for Bad Loans: ABMR.F has a low allowance for bad loans.

Low Risk Liabilities: ABMR.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: ABMR.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ABMR.F's loans are broadly funded by customer deposits.

Level of Bad Loans: ABMR.F has a high level of bad loans (2.23%)


Next Steps

Dividend

What is ABN AMRO Bank's current dividend yield, its reliability and sustainability?

8.73%

Expected Dividend Yield


Dividend Yield vs Market

company8.8%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Years8.7%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: ABMR.F's dividend (8.79%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: ABMR.F's dividend (8.79%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: ABMR.F has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ABMR.F's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.3%), ABMR.F's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ABMR.F's dividends in 3 years are forecast to be covered by earnings (69.4% payout ratio).


Next Steps

Management

What is the CEO of ABN AMRO Bank's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Kees van Dijkhuizen (64yo)

2.8yrs

Tenure

€970,000

Compensation

Mr. Kees C. van Dijkhuizen is the Chairman of the Managing Board and CEO of ABN AMRO Incorporated, ABN AMRO Group N.V. and ABN AMRO Bank N.V. since January 1, 2017. He was appointed to the Managing Boards  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Kees's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Kees's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.9yrs

Average Tenure

51yo

Average Age

Experienced Management: ABMR.F's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

3.2yrs

Average Tenure

61yo

Average Age

Experienced Board: ABMR.F's board of directors are considered experienced (3.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€113,86826 Feb 19
Christian Bornfeld
EntityIndividual
Role
Member of Management Board
Chief Innovation & Technology Officer and Member of the Executive Board
Shares4,835
Max Price€23.55

Ownership Breakdown


Management Team

  • Clifford Abrahams (52yo)

    Vice-Chairman of Executive Board & CFO

    • Tenure: 1.6yrs
    • Compensation: €824.00k
  • Kees van Dijkhuizen (64yo)

    Chairman of Executive Board & CEO

    • Tenure: 2.8yrs
    • Compensation: €970.00k
  • Fred Bos

    Senior Managing Director of IPO

    • Tenure: 0yrs
  • Dies Donker

    Head of Investor Relations

    • Tenure: 0yrs
  • Gwendolyn Tunen

    Head of Compliance

    • Tenure: 0yrs
  • Tanja J. A. Cuppen (50yo)

    Chief Risk Officer & Member of the Executive Board

    • Tenure: 2yrs
    • Compensation: €824.00k
  • Gert-Jan Meppelink (51yo)

    Chief of Human Resource

    • Tenure: 1.9yrs
  • Hugo Peek

    Regional Head of EMEA for Corporate & Institutional Banking

    • Tenure: 0yrs
  • Christian Bornfeld (43yo)

    Chief Innovation & Technology Officer and Member of the Executive Board

    • Tenure: 1.6yrs
    • Compensation: €789.40k
  • Jeroen van Maarschalkerweerd

    Head of Media Relations & PR

    • Tenure: 0yrs

Board Members

  • Tom de Swaan (73yo)

    Chairman of the Supervisory Board

    • Tenure: 1.3yrs
  • Jurgen B. Stegmann (59yo)

    Member of Supervisory Board

    • Tenure: 3.2yrs
  • Annemieke J. Roobeek (61yo)

    Member of Supervisory Board

    • Tenure: 9.6yrs
  • J. S. Tiemstra (67yo)

    Member of Supervisory Board

    • Tenure: 3.4yrs
  • Anna Storåkers (45yo)

    Supervisory Board Member

    • Tenure: 0.5yrs
  • Michiel Lap (57yo)

    Supervisory Board Member

    • Tenure: 0.5yrs
  • Arjen Dorland (64yo)

    Member of Supervisory Board

    • Tenure: 3.4yrs

Company Information

ABN AMRO Bank N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ABN AMRO Bank N.V.
  • Ticker: ABMR.F
  • Exchange: OTCPK
  • Founded: 2009
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €15.510b
  • Listing Market Cap: €17.138b
  • Shares outstanding: 940.00m
  • Website: https://www.abnamro.com

Number of Employees


Location

  • ABN AMRO Bank N.V.
  • Gustav Mahlerlaan 10
  • Amsterdam
  • Noord-Holland
  • 1082 PP
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABNENXTAM (Euronext Amsterdam)YesUNSPONSORD ADSNLEURNov 2015
AB2DB (Deutsche Boerse AG)YesUNSPONSORD ADSDEEURNov 2015
0RDMLSE (London Stock Exchange)YesUNSPONSORD ADSGBEURNov 2015
ABMR.FOTCPK (Pink Sheets LLC)YesUNSPONSORD ADSUSUSDNov 2015
ABNWBAG (Wiener Boerse AG)YesUNSPONSORD ADSATEURNov 2015
AAVM.YOTCPK (Pink Sheets LLC)UNSPONSORD ADSUSUSDAug 2019

Biography

ABN AMRO Bank N.V. provides various banking products and services in the Netherlands and internationally. It operates through Retail Banking, Commercial Banking, Private Banking, and Corporate & Institutio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 01:59
End of Day Share Price2019/07/25 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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