OTCPK:OTPB.F

Stock Analysis Report

Executive Summary

OTP Bank Nyrt. together with its subsidiaries, provides commercial banking services in Hungary, Bulgaria, Russia, Ukraine, Croatia, Romania, Slovakia, Serbia, and Montenegro.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:OTPB.F

3.3%

US Banks

2.1%

US Market


1 Year Return

n/a

OTCPK:OTPB.F

-13.8%

US Banks

-0.04%

US Market


Share holder returns

OTPB.FIndustryMarket
7 Day0%3.3%2.1%
30 Day0%-7.0%-3.2%
90 Dayn/a-2.3%2.8%
1 Yearn/a-11.3%-13.8%2.2%-0.04%
3 Yearn/a42.5%32.7%41.5%32.3%
5 Yearn/a54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is OTP Bank undervalued based on future cash flows and its price relative to the stock market?

11%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

OTP Bank's share price is below the future cash flow value, but not at a moderate discount (< 20%).

OTP Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

OTP Bank is good value based on earnings compared to the US Banks industry average.

OTP Bank is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

OTP Bank is poor value based on expected growth next year.


Price Based on Value of Assets

OTP Bank is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is OTP Bank expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

OTP Bank's revenue is expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).

OTP Bank's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).

OTP Bank's revenue growth is expected to exceed the United States of America market average.

OTP Bank's earnings growth is positive but not above the United States of America market average.

OTP Bank's earnings growth is expected to exceed the low risk savings rate of 3%.


Earnings per Share Growth Estimates


Future Return on Equity

OTP Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has OTP Bank performed over the past 5 years?

43.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

OTP Bank has delivered over 20% year on year earnings growth in the past 5 years.

OTP Bank's 1-year earnings growth is less than its 5-year average (31.6% vs 43.6%)

OTP Bank's earnings growth has exceeded the US Banks industry average in the past year (31.6% vs 14.3%).


Return on Equity

OTP Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

OTP Bank used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

OTP Bank's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is OTP Bank'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

OTP Bank has an acceptable proportion of non-loan assets held.

OTP Bank has a sufficient allowance for bad loans.

OTP Bank's liabilities are made up of primarily low risk sources of funding.

OTP Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at OTP Bank are broadly funded by customer deposits.

OTP Bank has a high level of bad loans (greater than 2%).


Next Steps

Dividend

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

3.11%

Expected Dividend Yield


Dividend Yield and Payments Analysis

OTP Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.38%).

OTP Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.5%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).


Next Steps

Management

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

9.2yrs

Average management tenure


CEO

Sándor Csányi (66yo)

26.4yrs

Tenure

0

Dr. Sándor Csányi has been the Chief Executive Officer and Chairman of the Board at OTP Bank Plc. since May 1992. Dr. Csányi is responsible for the strategy and overall operations. He is the Owner of Bonit ...


Management Age and Tenure

9.2yrs

Average Tenure

50.5yo

Average Age

The average tenure for the OTP Bank management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

15.6yrs

Average Tenure

66yo

Average Age

The average tenure for the OTP Bank board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Sándor Csányi (66yo)

    Chairman & CEO

    • Tenure: 26.4yrs
  • László Bencsik (48yo)

    Deputy CEO and Chief Financial & Strategic Officer

    • Tenure: 9.2yrs
  • Bertalan Imre (53yo)

    MD of HR Management Directorate and HR Manager

    • Tenure: 1.6yrs
  • András Takács

    Managing Director of Wealth and Investment Directorate

    • Tenure: 0.0yrs
  • Jakab Géza

    Managing Director of Compliance and Security Directorate

    • Tenure: 0.0yrs
  • Tuboly Zoltán

    Chief Accountant and MD of Accounting & Finance Directorate

    • Tenure: 0.0yrs
  • Vörös Tamás (44yo)

    Managing Director of Sales and Business Development Directorate

    • Tenure: 0.0yrs
  • Csere Bálint

    Chief Legal Adviser & MD of Legal Directorate

    • Tenure: 0.0yrs
  • Nagy Zoltán

    MD of Marketing & Communication Directorate and Marketing Manager

    • Tenure: 0.0yrs
  • Alexander Pataki

    Investor Relations and Capital Markets

    • Tenure: 0.0yrs

Board Members

  • Sándor Csányi (66yo)

    Chairman & CEO

    • Tenure: 26.4yrs
  • Gábor Horváth (63yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 11.5yrs
    • Compensation: Ft16.00m
  • Tibor Tolnay (68yo)

    Chairman of the Supervisory Board

    • Tenure: 19.8yrs
    • Compensation: Ft18.48m
  • László Wolf (58yo)

    Deputy CEO of Commercial Banking Division & Executive Director

    • Tenure: 2.5yrs
  • József Vörös (67yo)

    Non-Executive Director

    • Tenure: 26.8yrs
  • Tibor Bíró (66yo)

    Non-Executive Director

    • Tenure: 26.8yrs
  • Antal Kovács (66yo)

    Deputy CEO of Retail Division & Executive Director

    • Tenure: 2.5yrs
    • Compensation: Ft12.32m
  • András Michnai (64yo)

    Member of the Supervisory Board & MD

    • Tenure: 10.5yrs
    • Compensation: Ft12.32m
  • Ágnes Rudas (60yo)

    Member of the Supervisory Board

    • Tenure: 2.5yrs
  • Mihály Baumstark

    Director

    • Tenure: 19.8yrs

Company Information

OTP Bank Nyrt.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OTP Bank Nyrt.
  • Ticker: OTPB.F
  • Exchange: OTCPK
  • Founded: 1949
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: Ft2.870t
  • Listing Market Cap: Ft10.216b
  • Shares outstanding: 277.29m
  • Website: https://www.otpbank.hu

Number of Employees


Location

  • OTP Bank Nyrt.
  • 16, Nádor Street
  • Budapest
  • 1051
  • Hungary

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OTPBKBDL (Bourse de Luxembourg)2 GDR REPR 0.5 ORD HUF100(REG S)LUUSDAug 1995
OSZGDB (Deutsche Boerse AG)2 GDR REPR 0.5 ORD HUF100(REG S)DEEURAug 1995
OTPDLSE (London Stock Exchange)2 GDR REPR 0.5 ORD HUF100(REG S)GBUSDAug 1995
OTPBUSE (Budapest Stock Exchange)YesCommon SharesHUHUFAug 1995
OTPB.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 1995
0M69LSE (London Stock Exchange)YesCommon SharesGBHUFAug 1995
OTPDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 1995
OTPSEP (The Stock Exchange Prague Co. Ltd.)YesCommon SharesCZCZKAug 1995

Biography

OTP Bank Plc., together with its subsidiaries, provides commercial banking services in Hungary, Bulgaria, Russia, Ukraine, Croatia, Romania, Slovakia, Serbia, and Montenegro. The company's retail banking s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2018/10/23 21:16
End of Day Share Price2018/07/26 00:00
Earnings2018/06/30
Annual Earnings2017/12/31


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.