OTCPK:CYBB.F

Stock Analysis Report

Executive Summary

CYBG PLC, through its subsidiaries, provides retail and business banking products and services to individuals and businesses under the Clydesdale Bank, Yorkshire Bank, B, and Virgin Money brands in the United Kingdom.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

6.0%

CYBB.F

2.9%

US Banks

0.07%

US Market


1 Year Return

n/a

CYBB.F

8.6%

US Banks

8.9%

US Market

Return vs Industry: Insufficient data to determine how CYBB.F performed against the US Banks industry.

Return vs Market: Insufficient data to determine how CYBB.F performed against the US Market.


Shareholder returns

CYBB.FIndustryMarket
7 Day6.0%2.9%0.07%
30 Day-5.9%3.4%-0.3%
90 Day-37.3%2.1%-1.6%
1 Yearn/a11.8%8.6%11.3%8.9%
3 Year-49.0%-49.0%54.8%44.1%46.3%36.8%
5 Yearn/a70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

31.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CYBB.F ($1.6) is trading below our estimate of fair value ($2.32)

Significantly Below Fair Value: CYBB.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CYBB.F is unprofitable, so we can't compare its PE Ratio to the Banks industry average.

PE vs Market: CYBB.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CYBB.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CYBB.F is good value based on its PB Ratio (0.4x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is CYBG forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

71.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CYBB.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

Earnings vs Market: CYBB.F is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: CYBB.F's loss is forecast to worsen by 0% next year.

Revenue vs Market: CYBB.F's revenue (0.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: CYBB.F's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CYBB.F's Return on Equity is forecast to be low in 3 years time (9.1%).


Next Steps

Past Performance

How has CYBG performed over the past 5 years?

38.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CYBB.F is unprofitable, but has reduced losses over the past 5 years at a rate of 38% per year.

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

Earnings vs Industry: CYBB.F is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (29.7%).


Return on Equity

High ROE: CYBB.F has a negative Return on Equity (-0.75%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CYBB.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CYBB.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is CYBG'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: CYBB.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: CYBB.F's debt is not covered by short term assets (assets are 0.8x debt).


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: CYBB.F has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: CYBB.F has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 0.3% each year


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: CYBB.F has an appropriate level of bad loans (1.08%)


Next Steps

Dividend

What is CYBG's current dividend yield, its reliability and sustainability?

2.13%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years4.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CYBB.F's dividend (2.13%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: CYBB.F's dividend (2.13%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: Whilst dividend payments have been stable, CYBB.F has been paying a dividend for less than 10 years.

Growing Dividend: CYBB.F's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: CYBB.F is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CYBB.F's dividends in 3 years are forecast to be well covered by earnings (33.8% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

David Duffy (58yo)

4yrs

Tenure

UK£1,833,000

Compensation

Mr. David Joseph Duffy, B.B.S., MA, serves as Director at Virgin Money Plc since October 15, 2018 and serves as its Chief Executive office. Mr. Duffy serves as Chief Executive Officer at Virgin Money Holdi ...


CEO Compensation Analysis

Compensation vs. Market: David's total compensation ($USD2.37M) is about average for companies of similar size in the US market ($USD5.11M).

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


Management Age and Tenure

3.8yrs

Average Tenure

50.5yo

Average Age

Experienced Management: CYBB.F's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

4.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: CYBB.F's board of directors are considered experienced (4 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

  • Kate Guthrie (56yo)

    Group Human Resources Director

    • Tenure: 3.8yrs
  • David Duffy (58yo)

    CEO & Executive Director

    • Tenure: 4yrs
    • Compensation: UK£1.83m
  • Fraser Ingram

    Interim Group Chief Operating Officer

    • Tenure: 0yrs
  • Helen Page (49yo)

    Group Brand & Marketing Director

    • Tenure: 2.6yrs
  • Enda Johnson (39yo)

    Group Corporate Development Director

    • Tenure: 2.6yrs
  • Mark Thundercliffe

    Group Chief Risk Officer

    • Tenure: 3.1yrs
  • Ian Smith (52yo)

    Group CFO & Executive Director

    • Tenure: 4.2yrs
    • Compensation: UK£914.00k
  • James Peirson (41yo)

    Group General Counsel & Company Secretary

    • Tenure: 4.9yrs
  • Andrew Downey

    Head of Investor Relations

    • Tenure: 0yrs
  • Anthony Thompson

    Head of Corporate Affairs

    • Tenure: 0yrs

Board Members

  • Jim Pettigrew (61yo)

    Chairman of the Board

    • Tenure: 5.8yrs
    • Compensation: UK£365.00k
  • Paul Coby (64yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: UK£80.00k
  • David Bennett (57yo)

    Deputy Chairman & Senior Independent Non-Executive Director

    • Tenure: 4yrs
    • Compensation: UK£195.00k
  • Adrian Grace (56yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: UK£100.00k
  • David Duffy (58yo)

    CEO & Executive Director

    • Tenure: 4yrs
    • Compensation: UK£1.83m
  • Tim Wade (59yo)

    Independent Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: UK£110.00k
  • Clive Adamson (63yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: UK£110.00k
  • Teresa Robson-Capps (64yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: UK£80.00k
  • Fiona MacLeod (52yo)

    Independent Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: UK£85.00k
  • Ian Smith (52yo)

    Group CFO & Executive Director

    • Tenure: 4.2yrs
    • Compensation: UK£914.00k

Company Information

CYBG PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CYBG PLC
  • Ticker: CYBB.F
  • Exchange: OTCPK
  • Founded: 1838
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: UK£2.085b
  • Listing Market Cap: UK£2.701b
  • Shares outstanding: 1.43b
  • Website: https://www.cybg.com

Number of Employees


Location

  • CYBG PLC
  • 30 St. Vincent Place
  • Glasgow
  • G1 2HL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CYBGLSE (London Stock Exchange)YesOrdinary SharesGBGBPFeb 2016
CYBGLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPFeb 2016
42YADB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2016
CBBY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2016
CYBASX (Australian Securities Exchange)SHS DEP INTAUAUDFeb 2016
CYBCHIA (Chi-X Australia)SHS DEP INTAUAUDFeb 2016
42YDB (Deutsche Boerse AG)SHS DEP INTDEEURFeb 2016
CYBB.FOTCPK (Pink Sheets LLC)SHS DEP INTUSUSDFeb 2016

Biography

CYBG PLC, through its subsidiaries, provides retail and business banking products and services to individuals and businesses under the Clydesdale Bank, Yorkshire Bank, B, and Virgin Money brands in the Uni ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:32
End of Day Share Price2019/10/18 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.