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Permanent TSB Group Holdings

OTCPK:ILPM.F
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ILPM.F
OTCPK
€564M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Permanent TSB Group Holdings plc provides retail, and small and medium sized enterprises banking products and services. The last earnings update was 110 days ago. More info.


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ILPM.F Share Price and Events
7 Day Returns
-2%
OTCPK:ILPM.F
1.1%
US Banks
0.3%
US Market
1 Year Returns
-31.5%
OTCPK:ILPM.F
-8%
US Banks
0.7%
US Market
ILPM.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Permanent TSB Group Holdings (ILPM.F) -2% -9.3% -5.8% -31.5% -32.7% 1331.4%
US Banks 1.1% -0.1% -3.5% -8% 46.3% 40.3%
US Market 0.3% 0.4% 0.6% 0.7% 37.2% 37.4%
1 Year Return vs Industry and Market
  • ILPM.F underperformed the Banks industry which returned -8% over the past year.
  • ILPM.F underperformed the Market in United States of America which returned 0.7% over the past year.
Price Volatility
ILPM.F
Industry
5yr Volatility vs Market

ILPM.F Value

 Is Permanent TSB Group Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Permanent TSB Group Holdings. This is due to cash flow or dividend data being unavailable. The share price is $1.46.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Permanent TSB Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Permanent TSB Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ILPM.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.02
ISE:IL0A Share Price ** ISE (2019-06-14) in EUR €1.24
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.67x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Permanent TSB Group Holdings.

OTCPK:ILPM.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:IL0A Share Price ÷ EPS (both in EUR)

= 1.24 ÷ -0.02

-70.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Permanent TSB Group Holdings is loss making, we can't compare its value to the US Banks industry average.
  • Permanent TSB Group Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Permanent TSB Group Holdings's expected growth come at a high price?
Raw Data
OTCPK:ILPM.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -70.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
45.8%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.37x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Permanent TSB Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Permanent TSB Group Holdings's assets?
Raw Data
OTCPK:ILPM.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.35
ISE:IL0A Share Price * ISE (2019-06-14) in EUR €1.24
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
OTCPK:ILPM.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:IL0A Share Price ÷ Book Value per Share (both in EUR)

= 1.24 ÷ 4.35

0.28x

* Primary Listing of Permanent TSB Group Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Permanent TSB Group Holdings is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Permanent TSB Group Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Permanent TSB Group Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ILPM.F Future Performance

 How is Permanent TSB Group Holdings expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
45.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Permanent TSB Group Holdings expected to grow at an attractive rate?
  • Permanent TSB Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Permanent TSB Group Holdings's earnings growth is expected to exceed the United States of America market average.
  • Permanent TSB Group Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ILPM.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ILPM.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 45.8%
OTCPK:ILPM.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ILPM.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ILPM.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 484 80 1
2021-12-31 427 52 4
2020-12-31 407 39 4
2019-12-31 401 33 4
OTCPK:ILPM.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 425 628 -8
2018-09-30 424 497 21
2018-06-30 423 687 49
2018-03-31 409 913 39
2017-12-31 395 818 29
2017-09-30 422 2,485 -146
2017-06-30 449 4,151 -321
2017-03-31 488 4,331 -299
2016-12-31 526 4,510 -276
2016-09-30 307 4,626 -111
2016-06-30 87 4,742 55
2016-03-31 15 5,224 -185

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Permanent TSB Group Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Permanent TSB Group Holdings's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ILPM.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Permanent TSB Group Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ILPM.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.12 0.15 0.09 2.00
2020-12-31 0.08 0.08 0.07 3.00
2019-12-31 0.06 0.09 0.04 3.00
OTCPK:ILPM.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.02
2018-09-30 0.05
2018-06-30 0.11
2018-03-31 0.09
2017-12-31 0.06
2017-09-30 -0.32
2017-06-30 -0.71
2017-03-31 -0.66
2016-12-31 -0.61
2016-09-30 -0.24
2016-06-30 0.12
2016-03-31 -0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Permanent TSB Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Permanent TSB Group Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Permanent TSB Group Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ILPM.F Past Performance

  How has Permanent TSB Group Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Permanent TSB Group Holdings's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Permanent TSB Group Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Permanent TSB Group Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Permanent TSB Group Holdings's 1-year growth to the US Banks industry average as it is not currently profitable.
Earnings and Revenue History
Permanent TSB Group Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Permanent TSB Group Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ILPM.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 425.00 -8.00 292.00
2018-09-30 424.00 20.50 290.50
2018-06-30 423.00 49.00 289.00
2018-03-31 409.00 39.00 282.50
2017-12-31 395.00 29.00 276.00
2017-09-30 422.00 -146.00 258.00
2017-06-30 449.00 -321.00 240.00
2017-03-31 487.50 -298.50 257.00
2016-12-31 526.00 -276.00 274.00
2016-09-30 306.50 -110.50 294.00
2016-06-30 87.00 55.00 314.00
2016-03-31 15.00 -185.00 299.50
2015-12-31 -57.00 -425.00 285.00
2015-09-30 216.00 -368.50 305.00
2015-06-30 489.00 -312.00 325.00
2015-03-31 420.00 -207.00 341.50
2014-12-31 351.00 -102.00 358.00
2014-09-30 -9.50 -211.00 346.20
2014-06-30 -370.00 -320.00 334.40
2014-03-31 -530.50 -290.50 314.90
2013-12-31 -691.00 -261.00 295.40
2013-09-30 -662.00 -416.50 285.05
2013-06-30 -633.00 -572.00 274.70
2013-03-31 -673.50 -784.00 273.20
2012-12-31 -714.00 -996.00 271.70
2012-09-30 -404.00 -1,200.00 282.60
2012-06-30 -318.00 -1,402.00 284.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Permanent TSB Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Permanent TSB Group Holdings has efficiently used its assets last year compared to the US Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Permanent TSB Group Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Permanent TSB Group Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Permanent TSB Group Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ILPM.F Health

 How is Permanent TSB Group Holdings's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Permanent TSB Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Permanent TSB Group Holdings Company Filings, last reported 5 months ago.

OTCPK:ILPM.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,980.00 1,109.00 797.00
2018-09-30 1,980.00 1,109.00 797.00
2018-06-30 2,033.00 1,270.00 1,000.00
2018-03-31 2,033.00 1,270.00 1,000.00
2017-12-31 2,111.00 1,704.00 1,067.00
2017-09-30 2,111.00 1,704.00 1,067.00
2017-06-30 2,108.00 1,324.00 732.00
2017-03-31 2,108.00 1,324.00 732.00
2016-12-31 2,100.00 1,470.00 644.00
2016-09-30 2,100.00 1,470.00 644.00
2016-06-30 2,438.00 1,181.00 839.00
2016-03-31 2,438.00 1,181.00 839.00
2015-12-31 2,396.00 1,422.00 794.00
2015-09-30 2,396.00 1,422.00 794.00
2015-06-30 2,357.00 2,808.00 149.00
2015-03-31 2,357.00 2,808.00 149.00
2014-12-31 2,280.00 4,247.00 784.00
2014-09-30 2,280.00 4,247.00 784.00
2014-06-30 2,175.00 12,792.00 807.00
2014-03-31 2,175.00 12,792.00 807.00
2013-12-31 2,384.00 4,852.00 912.00
2013-09-30 2,384.00 4,852.00 912.00
2013-06-30 2,467.00 4,374.00 609.00
2013-03-31 2,467.00 4,374.00 609.00
2012-12-31 2,650.00 7,330.00 1,209.00
2012-09-30 2,834.00 7,276.00 1,058.00
2012-06-30 3,077.00 9,002.00 2,245.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Permanent TSB Group Holdings has an acceptable proportion of non-loan assets held.
  • Permanent TSB Group Holdings's liabilities are made up of primarily low risk sources of funding.
  • Loans at Permanent TSB Group Holdings are broadly funded by customer deposits.
  • Permanent TSB Group Holdings's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Permanent TSB Group Holdings has a low allowance for bad loans.
  • Permanent TSB Group Holdings has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Permanent TSB Group Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Permanent TSB Group Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ILPM.F Dividends

 What is Permanent TSB Group Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Permanent TSB Group Holdings dividends. Estimated to be 0.62% next year.
If you bought $2,000 of Permanent TSB Group Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Permanent TSB Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Permanent TSB Group Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ILPM.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 478 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:ILPM.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 3.00
2020-12-31 0.02 4.00
2019-12-31 0.01 5.00
OTCPK:ILPM.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2010-08-31 0.000 0.000
2010-04-12 0.000 0.000
2010-01-15 0.000 0.000
2009-07-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Permanent TSB Group Holdings has not reported any payouts.
  • Unable to verify if Permanent TSB Group Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Permanent TSB Group Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Permanent TSB Group Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Permanent TSB Group Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Permanent TSB Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Permanent TSB Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Permanent TSB Group Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ILPM.F Management

 What is the CEO of Permanent TSB Group Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeremy Masding
COMPENSATION €544,000
AGE 52
TENURE AS CEO 7 years
CEO Bio

Mr. Jeremy John Masding has been the Group Chief Executive Officer at Permanent TSB Group Holdings PLC (Alternate Name: Irish Life & Permanent Group Holdings Plc) since June 29, 2012 and permanent tsb p.l.c. Mr. Masding has been the Chief Executive of Banking Business at Irish Life & Permanent Group Holdings plc since February 14, 2012. He serves as the Group Chief Executive Officer of Permanent Tsb Finance Ltd. Mr. Masding served as Group Chief Executive Officer of Central Trust plc from 2007 to 2009 where he led a major restructuring programme to adapt the business to cope with the recession, including capital raising. From 1984 and 2007, he worked with Barclays Bank in a variety of different roles including Branch Banking, International Banking and in Head Office as a Director of Strategy Development. In later years, he served as a Board Director of Barclaycard, responsible for UK Consumer Finance. From 1998 to 1999, he worked on secondment from Barclays with the Cabinet Office in the UK. Mr. Masding served as Chairman of the Richmond Group from 2010 to 2012. He has been an Executive Director of Permanent TSB Group Holdings PLC since February 28, 2012, permanent tsb p.l.c., and Irish Life & Permanent Group Holdings plc since February 28, 2012. He is an Associate and Fellow of the Chartered Institute of Bankers and holds an MBA from Manchester Business School.

CEO Compensation
  • Jeremy's compensation has increased whilst company is loss making.
  • Jeremy's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Permanent TSB Group Holdings management team in years:

2.2
Average Tenure
  • The tenure for the Permanent TSB Group Holdings management team is about average.
Management Team

Jeremy Masding

TITLE
Group CEO & Executive Director
COMPENSATION
€544K
AGE
52
TENURE
7 yrs

Eamonn Crowley

TITLE
Group CFO & Executive Director
COMPENSATION
€447K
AGE
48
TENURE
2.3 yrs

Shane O’Sullivan

TITLE
Group Director of Operations
TENURE
2.3 yrs

Tom Hayes

TITLE
Group Chief Technology Officer
TENURE
1.7 yrs

Rajesh Manirajan

TITLE
Head of Investor Relations

Andrew Walsh

TITLE
Chief Legal Officer

Ger Mitchell

TITLE
Group Human Resources Director
TENURE
2.1 yrs

Gerry Hickey

TITLE
Managing Director of Capital Home Loans

Paul Redmond

TITLE
Head of Group Internal Audit

Mike Frawley

TITLE
Chief Risk Officer
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Permanent TSB Group Holdings board of directors in years:

2.8
Average Tenure
57
Average Age
  • The average tenure for the Permanent TSB Group Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Robert Elliott

TITLE
Group Chairman of the Board
COMPENSATION
€290K
AGE
65
TENURE
2.3 yrs

Jeremy Masding

TITLE
Group CEO & Executive Director
COMPENSATION
€544K
AGE
52
TENURE
7.3 yrs

Eamonn Crowley

TITLE
Group CFO & Executive Director
COMPENSATION
€447K
AGE
48
TENURE
2.1 yrs

Julie O'Neill

TITLE
Senior Independent Director
COMPENSATION
€97K
AGE
62
TENURE
3.2 yrs

Ronan O’Neill

TITLE
Independent Non-Executive Director
COMPENSATION
€85K
AGE
64
TENURE
2.9 yrs

Donal Courtney

TITLE
Independent Non-Executive Director
COMPENSATION
€22K
AGE
53
TENURE
0.7 yrs

Ken Slattery

TITLE
Independent Non-Executive Director
COMPENSATION
€67K
AGE
69
TENURE
5.8 yrs

Richard Pike

TITLE
Independent Non-Executive Director
COMPENSATION
€70K
AGE
51
TENURE
5.4 yrs

Andrew Power

TITLE
Independent Non-Executive Director
COMPENSATION
€67K
AGE
61
TENURE
2.8 yrs

Ruth Wandhöfer

TITLE
Independent Non-Executive Director
COMPENSATION
€11K
AGE
42
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Permanent TSB Group Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Permanent TSB Group Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ILPM.F News

Simply Wall St News

ILPM.F Company Info

Description

Permanent TSB Group Holdings plc provides retail, and small and medium sized enterprises banking products and services. It offers current accounts, retail and corporate deposits, institutional deposits, residential mortgages, term loans, credit cards, consumer finance, and overdrafts. The company also offers general and life insurance, pensions, and investments; and mobile, phone, and online banking services. It operates through a network of 15 branches in North East region, 18 branches in Dublin region, 15 branches in South East region, 14 branches in West region, and 15 branches in South region of the Republic of Ireland. The company was formerly known as Irish Life & Permanent Group Holdings plc and changed its name to Permanent TSB Group Holdings plc in 2012. Permanent TSB Group Holdings plc was founded in 2010 and is based in Dublin, Ireland.

Details
Name: Permanent TSB Group Holdings plc
ILPM.F
Exchange: OTCPK
Founded: 2010
€632,719,930
454,690,912
Website: http://www.permanenttsbgroup.ie
Address: Permanent TSB Group Holdings plc
56 - 59, St. Stephen’s Green,
Dublin,
Co. Dublin, 2,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE IL0A Ordinary Shares Irish Stock Exchange IE EUR 21. Apr 1999
OTCPK ILPM.F Ordinary Shares Pink Sheets LLC US USD 21. Apr 1999
DB IL0A Ordinary Shares Deutsche Boerse AG DE EUR 21. Apr 1999
LSE IL0A Ordinary Shares London Stock Exchange GB EUR 21. Apr 1999
BATS-CHIXE IL0AL Ordinary Shares BATS 'Chi-X Europe' GB EUR 21. Apr 1999
BATS-CHIXE IL0AI Ordinary Shares BATS 'Chi-X Europe' GB EUR 21. Apr 1999
OTCPK ILPM.Y ADR Pink Sheets LLC US USD 07. Dec 2007
Number of employees
Current staff
Staff numbers
2,380
Permanent TSB Group Holdings employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 23:49
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/26
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.