OTCPK:BKES.Y

Stock Analysis Report

Banco Espírito Santo

Executive Summary

Banco Espírito Santo, S.A. is in the process of liquidation of its remaining assets.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Banco Espírito Santo's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

15.4%

BKES.Y

1.7%

US Banks

1.3%

US Market


1 Year Return

-21.1%

BKES.Y

0.3%

US Banks

5.9%

US Market

Return vs Industry: BKES.Y underperformed the US Banks industry which returned 0.3% over the past year.

Return vs Market: BKES.Y underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

BKES.YIndustryMarket
7 Day15.4%1.7%1.3%
30 Day15.4%-2.4%-1.9%
90 Dayn/a1.0%-1.8%
1 Year-21.1%-21.1%3.2%0.3%8.3%5.9%
3 Year0%0%52.1%41.7%45.6%36.2%
5 Year-94.8%-94.8%69.8%51.4%66.1%47.9%

Price Volatility Vs. Market

How volatile is Banco Espírito Santo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Banco Espírito Santo undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Banco Espírito Santo is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Banco Espírito Santo has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of BKES.Y’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Banco Espírito Santo regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is Banco Espírito Santo forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.3%

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 Banco Espírito Santo 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

  • Take a look at our analysis of BKES.Y’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Banco Espírito Santo's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Banco Espírito Santo performed over the past 5 years?

23.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BKES.Y is unprofitable, but has reduced losses over the past 5 years at a rate of 23.5% per year.

Accelerating Growth: Unable to compare BKES.Y's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BKES.Y is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (31.8%).


Return on Equity

High ROE: BKES.Y's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: BKES.Y is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: BKES.Y is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Banco Espírito Santo'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: BKES.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: BKES.Y has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if BKES.Y has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BKES.Y has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

Asset Level: BKES.Y's level of assets compared to its equity is low.

Allowance for Bad Loans: BKES.Y has a sufficient allowance for bad loans.

Low Risk Liabilities: BKES.Y's liabilities are made up of primarily higher risk sources of funding.

Loan Level: BKES.Y has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BKES.Y has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: BKES.Y has a high level of bad loans (96.52%)


Next Steps

Dividend

What is Banco Espírito Santo's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: BKES.Y is not paying a notable dividend for .


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Banco Espírito Santo's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Vítor Brinquete Bento (65yo)

5.3yrs

Tenure

0

Mr. Vitor Augusto Brinquete Bento has been the Chief Executive Officer of Banco Espírito Santo, S.A., since July 31, 2014 and served as its Executive Chairman since July 31, 2014. Mr. Bento served as Chief ...


Management Age and Tenure

5.3yrs

Average Tenure

62yo

Average Age

Experienced Management: BKES.Y's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

65yo

Average Age

Experienced Board: BKES.Y's board of directors are considered experienced (5.5 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.


Ownership Breakdown


Management Team

  • Nick Wilson

    Head of Research

    • Tenure: 0yrs
  • Vítor Brinquete Bento (65yo)

    Chief Executive Officer

    • Tenure: 5.3yrs
  • José De Almeida Honório (62yo)

    Deputy Chief Executive Officer

    • Tenure: 5.3yrs
  • João de Moreira Rato (48yo)

    Chief Financial Officer

    • Tenure: 5.3yrs
  • Ana Martins

    Secretary

    • Tenure: 0yrs
  • Francisco Salavessa

    Alternate Secretary

    • Tenure: 0yrs
  • Ana Gomes Barosa

    Executive Director

    • Tenure: 5.3yrs

Board Members

  • Joaquim de Brito Freixial de Goes (53yo)

    Former Executive Director

    • Tenure: 19.6yrs
    • Compensation: €458.00k
  • António Baptista do Souto (69yo)

    Executive Director

    • Tenure: 28.9yrs
    • Compensation: €461.00k
  • Jorge Carvalho Martins (84yo)

    Executive Director

    • Tenure: 26.3yrs
    • Compensation: €459.00k
  • Nuno Monteiro Godinho de Matos (70yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: €42.00k
  • Vítor Brinquete Bento (65yo)

    Chief Executive Officer

    • Tenure: 5.3yrs
  • José De Almeida Honório (62yo)

    Deputy Chief Executive Officer

    • Tenure: 5.3yrs
  • João de Moreira Rato (48yo)

    Chief Financial Officer

    • Tenure: 5.3yrs
  • Luís Máximo dos Santos

    President of the Board of Directors

    • Tenure: 5.8yrs
  • Carlos Manuel Charneca Moleirinho Grenha

    President of the Surveillance Commission

    • Tenure: 3.5yrs
  • Ana Gomes Barosa

    Executive Director

    • Tenure: 5.3yrs

Company Information

Banco Espírito Santo, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banco Espírito Santo, S.A.
  • Ticker: BKES.Y
  • Exchange: OTCPK
  • Founded: 1869
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: US$1.120m
  • Shares outstanding: 5.60b
  • Website: https://www.bes.pt

Number of Employees


Location

  • Banco Espírito Santo, S.A.
  • Rua Barata Salgueiro, no. 28
  • 6th Floor
  • Lisbon
  • Lisbon
  • 1250-044
  • Portugal

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKES.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 1993
BKES.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Banco Espírito Santo, S.A. is in the process of liquidation of its remaining assets. Previously, the company was engaged in banking operations. The company was formerly known as Banco Espírito Santo e Come ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 00:20
End of Day Share Price2019/10/11 00:00
Earnings2018/12/31
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.