OTCPK:KMER.F

Stock Analysis Report

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Executive Summary

Komercní banka, a.s., together with its subsidiaries, provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe. More Details


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KMER.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

KMER.F

-7.1%

US Banks

-2.4%

US Market


1 Year Return

-23.9%

KMER.F

-31.9%

US Banks

12.0%

US Market

Return vs Industry: KMER.F exceeded the US Banks industry which returned -31.7% over the past year.

Return vs Market: KMER.F underperformed the US Market which returned 10.9% over the past year.


Shareholder returns

KMER.FIndustryMarket
7 Day0%-7.1%-2.4%
30 Day10.6%-8.4%-6.5%
90 Dayn/a-3.4%8.4%
1 Year-23.9%-23.9%-29.5%-31.9%14.5%12.0%
3 Year-39.6%-39.6%-23.2%-29.5%34.8%25.8%
5 Year-87.6%-87.6%13.8%-0.1%82.1%61.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

7.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KMER.F ($25.5) is trading above our estimate of fair value ($22.36)

Significantly Below Fair Value: KMER.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KMER.F is good value based on its PE Ratio (7.6x) compared to the US Banks industry average (9.3x).

PE vs Market: KMER.F is good value based on its PE Ratio (7.6x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: KMER.F is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: KMER.F's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Komercní banka forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KMER.F's forecast earnings growth (8.8% per year) is above the savings rate (2.2%).

Earnings vs Market: KMER.F's earnings (8.8% per year) are forecast to grow slower than the US market (23% per year).

High Growth Earnings: KMER.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: KMER.F's revenue (1.6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: KMER.F's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KMER.F's Return on Equity is forecast to be low in 3 years time (9.4%).


Next Steps

Past Performance

How has Komercní banka performed over the past 5 years?

2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KMER.F has a high level of non-cash earnings.

Growing Profit Margin: KMER.F's current net profit margins (38.1%) are lower than last year (45.2%).


Past Earnings Growth Analysis

Earnings Trend: KMER.F's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: KMER.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: KMER.F had negative earnings growth (-20.8%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: KMER.F's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Komercní banka'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


Financial Institutions Analysis

Asset Level: KMER.F's Assets to Equity ratio (11.1x) is moderate.

Allowance for Bad Loans: KMER.F has a low allowance for bad loans (73%).

Low Risk Liabilities: 82% of KMER.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: KMER.F has an appropriate level of Loans to Assets ratio (79%).

Low Risk Deposits: KMER.F's Loans to Deposits ratio (106%) is appropriate.

Level of Bad Loans: KMER.F has an appropriate level of bad loans (1.5%).


Next Steps

Dividend

What is Komercní banka current dividend yield, its reliability and sustainability?

8.27%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: KMER.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Jan Juchelka (49 yo)

3.08yrs

Tenure

Kč5,050,166

Compensation

Mr. Jan Juchelka has been Group Country Head for Czech Republic and Slovakia Societe Generale Grou since September 01, 2017. Mr. Juchelka has been the Chairman, Chief Executive Officer and Director of Kome ...


Leadership Team

NamePositionTenureCompensationOwnership
Jan Juchelka
Chairman of the Board & CEO3.08yrsKč5.05mno data
Jirí Šperl
Executive Director of Strategy & Finance5.67yrsno datano data
Didier Luc Dominique Colin
Senior Executive Director2.92yrsKč2.01mno data
David Formánek
Senior Executive Director of Corporate & Investment Banking and Member of the Board of Directors2.08yrsno datano data
Jitka Haubová
Senior Executive Director0.25yrno datano data
Miroslav Hiršl
Senior Executive Director of Retail Banking & Member of the Board of Directors2.08yrsno datano data
Margus Simson
Chief Digital Officer1.67yrsno datano data
Ida Balusková
Manager of Accounting & Reporting no datano datano data
Tomáš Hochmeister
Executive Director of Investment Banking1.42yrsno datano data
Jakub Cerný
Head of Investor Relationsno datano datano data
Tomáš Choutka
Manager of Compliance6.5yrsno datano data
Martin Berdych
Manager of Legal Servicesno datano datano data

2.1yrs

Average Tenure

50.5yo

Average Age

Experienced Management: KMER.F's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jan Juchelka
Chairman of the Board & CEO3.08yrsKč5.05mno data
Jean-Luc Joseph Parer
Chairman of the Supervisory Board7.33yrsKč104.50kno data
Petra Wendelová
Member of the Supervisory Board1.42yrsno datano data
Giovanni Soma
Vice-Chairman of Supervisory Board7.33yrsno datano data
Petr Dvorák
Independent Member of the Supervisory Board3.25yrsno datano data
Cécile Camilli
Member of Supervisory Board1.42yrsno datano data
Sylva Kynychová
Member of Supervisory Board1.67yrsno datano data
Ondrej Kudrna
Member of Supervisory Board1.67yrsno datano data
Vojtech Šmajer
Member of Supervisory Board1.67yrsno datano data
Maylis Coupet
Member of Supervisory Board0.75yrno datano data

1.7yrs

Average Tenure

48.5yo

Average Age

Experienced Board: KMER.F's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Komercní banka, a.s.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Komercní banka, a.s.
  • Ticker: KMER.F
  • Exchange: OTCPK
  • Founded: 1990
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: Kč91.595b
  • Listing Market Cap: Kč3.974b
  • Shares outstanding: 188.86m
  • Website: https://www.kb.cz

Number of Employees


Location

  • Komercní banka, a.s.
  • Na Príkope 33
  • Prague 1
  • Prague
  • 114 07
  • Czech Republic

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KOMBSEP (The Stock Exchange Prague Co. Ltd.)YesBearer SharesCZCZKNov 1993
KONNDB (Deutsche Boerse AG)YesBearer SharesDEEURNov 1993
0IKHLSE (London Stock Exchange)YesBearer SharesGBCZKNov 1993
KMER.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDNov 1993
KOMBKBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBCZKNov 1993

Biography

Komercní banka, a.s., together with its subsidiaries, provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe. The company accept ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 06:16
End of Day Share Price2020/08/31 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.