Bank of Georgia Group
Market Cap
US$637.3m
Last Updated
2019/08/21 00:37 UTC
Data Sources
Company Financials +
Executive Summary
Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia.
Snowflake
Fundamentals
Undervalued with adequate balance sheet and pays a dividend.
Risks
- Bank of Georgia Group has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has Bank of Georgia Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0%
OTCPK:BDGS.F
-1.8%
US Banks
0.2%
US Market
1 Year Return
-26.5%
OTCPK:BDGS.F
-15.3%
US Banks
-0.7%
US Market
BDGS.F underperformed the Banks industry which returned -13.6% over the past year.
BDGS.F underperformed the Market in United States of America which returned 0.3% over the past year.
Share holder returns
| BDGS.F | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -1.8% | 0.2% |
| 30 Day | -20.7% | -6.4% | -2.7% |
| 90 Day | -15.5% | -4.0% | 1.6% |
| 1 Year | -26.5%-26.5% | -12.9%-15.3% | 1.6%-0.7% |
| 3 Year | n/a | 41.3%31.7% | 40.0%30.9% |
| 5 Year | n/a | 50.8%34.5% | 53.8%36.8% |
Price Volatility Vs. Market
How volatile is Bank of Georgia Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Bank of Georgia Group undervalued based on future cash flows and its price relative to the stock market?
>50%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Bank of Georgia Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
Bank of Georgia Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Bank of Georgia Group is good value based on earnings compared to the US Banks industry average.
Bank of Georgia Group is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Bank of Georgia Group is good value based on expected growth next year.
Price Based on Value of Assets
Bank of Georgia Group is overvalued based on assets compared to the US Banks industry average.
Next Steps
Future Growth
How is Bank of Georgia Group expected to perform in the next 1 to 3 years based on estimates from 7 analysts?
7.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Bank of Georgia Group's revenue is expected to grow by 12% yearly, however this is not considered high growth (20% yearly).
Bank of Georgia Group's earnings are expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Bank of Georgia Group's revenue growth is expected to exceed the United States of America market average.
Bank of Georgia Group's earnings growth is positive but not above the United States of America market average.
Bank of Georgia Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Bank of Georgia Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Next Steps
Past Performance
How has Bank of Georgia Group performed over the past 5 years?
10.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Bank of Georgia Group's year on year earnings growth rate has been positive over the past 5 years.
Bank of Georgia Group's 1-year earnings growth exceeds its 5-year average (32.3% vs 10.1%)
Bank of Georgia Group's earnings growth has not exceeded the US Banks industry average in the past year (32.3% vs 33.2%).
Return on Equity
Whilst Bank of Georgia Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
Return on Assets
Bank of Georgia Group used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if Bank of Georgia Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Next Steps
Financial Health
How is Bank of Georgia Group'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
Information is not available.
Information is not available.
Financial Institutions Analysis
Bank of Georgia Group has an acceptable proportion of non-loan assets held.
Bank of Georgia Group has a low allowance for bad loans.
Bank of Georgia Group's liabilities are made up of primarily low risk sources of funding.
Bank of Georgia Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
Loans at Bank of Georgia Group are broadly funded by customer deposits.
Bank of Georgia Group has a high level of bad loans (greater than 2%).
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Dividend
What is Bank of Georgia Group's current dividend yield, its reliability and sustainability?
7.39%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Bank of Georgia Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).
Bank of Georgia Group's dividend is above the markets top 25% of dividend payers in United States of America (3.83%).
It is too early to tell whether Bank of Georgia Group has stable dividend payments.
Bank of Georgia Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to Shareholders
Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
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Management
What is the CEO of Bank of Georgia Group's salary, the management and board of directors tenure and is there insider trading?
1.3yrs
Average management tenure
CEO
Archil Gachechiladze (39yo)
0.6yrs
Tenure
GEL1,628,094
Compensation
Mr. Archil Gachechiladze, CFA, has been Chief Executive Officer and Member of Management Board of JSC Bank of Georgia since Janauary 28, 2019. Mr. Gachechiladze has been Chief Executive Officer and Directo ...
CEO Compensation Analysis
Insufficient data for Archil to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Archil's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
Management Age and Tenure
1.3yrs
Average Tenure
45yo
Average Age
The average tenure for the Bank of Georgia Group management team is less than 2 years, this suggests a new team.
Board Age and Tenure
1.5yrs
Average Tenure
49.5yo
Average Age
The average tenure for the Bank of Georgia Group board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Shares | 30,000 |
| Max Price | GEL22.62 |
| Entity | Individual |
| Shares | 11,000 |
| Max Price | GEL22.33 |
| Entity | Individual |
| Role | Senior Key Executive Senior Advisor |
| Shares | 15,000 |
| Max Price | GEL17.33 |
| Entity | Individual |
| Shares | 6,000 |
| Max Price | GEL16.79 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | GEL17.32 |
| Entity | Company |
| Shares | 34,942 |
| Max Price | GEL18.38 |
Ownership Breakdown
Management Team
Kaha Kiknavelidze (46yo)
Senior Advisor
- Tenure: 0.6yrs
- Compensation: GEL3.14m
Sulkhan Gvalia (45yo)
Deputy CEO & CFO
- Tenure: 0.3yrs
- Compensation: GEL1.15m
Mikheil Gomarteli (43yo)
Deputy CEO of Retail Banking (Emerging and Mass Retail & Micro Business Banking)
- Tenure: 0.0yrs
- Compensation: GEL1.45m
George Chiladze (48yo)
Deputy CEO & Chief Risk Officer
- Tenure: 5.9yrs
Archil Gachechiladze (39yo)
CEO & Director
- Tenure: 0.6yrs
- Compensation: GEL1.63m
Ekaterina Shavgulidze
Group Head of Investment & Business Development
- Tenure: 2.3yrs
Levan Kulijanishvili
Deputy CEO of Operations
- Tenure: 1.9yrs
- Compensation: GEL967.29k
Vakhtang Bobokhidze
Deputy CEO & Chief Information Officer
- Tenure: 1.4yrs
Rebecca Wooldridge
General Counsel
- Tenure: 1.2yrs
Natia Kalandarishvili
Head of Investor Relations and Funding
- Tenure: 0.0yrs
Board Members
Jonathan Muir
Independent Non-Executive Director
- Tenure: 2.2yrs
- Compensation: GEL156.10k
Al Breach (49yo)
Independent Non-Executive Director
- Tenure: 8.6yrs
- Compensation: GEL156.95k
Hanna-Leena Loikkanen (50yo)
Senior Independent Non-Executive Director
- Tenure: 1.5yrs
- Compensation: GEL170.02k
Archil Gachechiladze (39yo)
CEO & Director
- Tenure: 0.6yrs
- Compensation: GEL1.63m
Neil Janin (64yo)
Non-Executive Chairman of the Board
- Tenure: 7.8yrs
- Compensation: GEL313.90k
Tamaz Georgadze
Independent Non-Executive Director
- Tenure: 6.6yrs
- Compensation: GEL167.35k
Véronique Mccarroll
Independent Non-Executive Director
- Tenure: 0.8yrs
- Compensation: GEL13.09k
Cecil Quillen
Independent Non-Executive Director
- Tenure: 1.5yrs
- Compensation: GEL114.33k
Andreas Wolf
Independent Non-Executive Director
- Tenure: 0.8yrs
- Compensation: GEL20.70k
Company Information
Bank of Georgia Group PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bank of Georgia Group PLC
- Ticker: BDGS.F
- Exchange: OTCPK
- Founded: 2017
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: UK£637.346m
- Listing Market Cap: UK£774.522m
- Shares outstanding: 47.67m
- Website: https://bankofgeorgiagroup.com
Number of Employees
Location
- Bank of Georgia Group PLC
- 84 Brook Street
- London
- Greater London
- W1K 5EH
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BGEO | LSE (London Stock Exchange) | Yes | New Common Shares | GB | GBP | May 2018 |
| BGEOL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Common Shares | GB | GBP | May 2018 |
| BDGS.F | OTCPK (Pink Sheets LLC) | Yes | New Common Shares | US | USD | May 2018 |
Biography
Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through Retail Banking, Corporate Investment Banking, BNB, and Other Banking Busi ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/21 00:37 |
| End of Day Share Price | 2019/07/31 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.