How does 2BNC's PB Ratio compare to its peers?

2BNC is expensive based on its Price-To-Book Ratio (42.9x) compared to the peer average (2.4x).

How does 2BNC's PB Ratio compare vs other companies in the South American Banks Industry?

2BNC is expensive based on its Price-To-Book Ratio (42.9x) compared to the South American Banks industry average (1.1x).

What is 2BNC's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 2BNC's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of 2BNC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2BNC (VES0.08) is trading above our estimate of [[fair value]] (VES0)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

2BNC Stock Overview

Provides various banking products and services in Venezuela. More details

2BNC fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Shareholders have been substantially diluted in the past year

Earnings have declined by 24.1% per year over past 5 years

Large one-off items impacting financial results

Profit margins (16.9%) are lower than last year (38.7%)

My Notes

Capture your thoughts, links and company narrative

Banco Nacional de Crédito, C.A., Banco Universal Competitors

Banco Provincial Banco Universal

CCSE:BPV

20.1b

Mercantil Servicios Financieros C.A

CCSE:MVZ.B

10.4b

Rakuten Bank

TSE:5838

JP¥765.1b

Vietnam Prosperity Commercial Bank

HOSE:VPB

₫150.0t

Price History & Performance

Summary of share price highs, lows and changes for Banco Nacional de Crédito C.A. Banco Universal
Historical stock prices
Current Share Price	0.08
52 Week High	0.08
52 Week Low	0.031
Beta	-32.18
1 Month Change	20.00%
3 Month Change	57.65%
1 Year Change	120.27%
3 Year Change	334.59%
5 Year Change	n/a
Change since IPO	249.57%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	2BNC	VE Banks	VE Market
7D	20.2%	1.2%	1.8%
1Y	120.3%	6.0%	11.4%

Return vs Industry: 2BNC exceeded the VE Banks industry which returned 6% over the past year.

Return vs Market: 2BNC exceeded the VE Market which returned 11.4% over the past year.

Price Volatility

Is 2BNC's price volatile compared to industry and market?
2BNC volatility
2BNC Average Weekly Movement	6.0%
Banks Industry Average Movement	3.4%
Market Average Movement	7.7%
10% most volatile stocks in VE Market	10.2%
10% least volatile stocks in VE Market	3.6%

Stable Share Price: 2BNC has not had significant price volatility in the past 3 months compared to the VE market.

Volatility Over Time: 2BNC's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	2,971	Jorge Nogueroles Garcia	www.bncenlinea.com

Banco Nacional de Crédito, C.A., Banco Universal provides various banking products and services in Venezuela. It offers checking and savings accounts, term deposit certificates, and demand deposit accounts in foreign currency. The company also provides commercial credits, auto financing, invoice discounting and factoring, discount, financing alternatives, and microcredits; bail bonds, domestic letters of credit, and letters of credit in foreign currency; and financing for agri-food, manufacturing, tourism, health, and mortgage sectors, as well as for entrepreneurs.

Banco Nacional de Crédito, C.A., Banco Universal Fundamentals Summary

How do Banco Nacional de Crédito C.A. Banco Universal's earnings and revenue compare to its market cap?
2BNC fundamental statistics
Market cap	238.58b
Earnings (TTM)	633.97m
Revenue (TTM)	3.74b

376.3x

P/E Ratio

42.9x

P/B Ratio

Is 2BNC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2BNC income statement (TTM)
Revenue	3.74b
Cost of Revenue	209.80m
Gross Profit	3.53b
Other Expenses	2.90b
Earnings	633.97m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.0049
Gross Margin	94.39%
Net Profit Margin	16.94%
Debt/Equity Ratio	27.5%

How did 2BNC perform over the long term?

See historical performance and comparison

Dividends

0.03%

Current Dividend Yield

7%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 16:21
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Banco Nacional de Crédito, C.A., Banco Universal is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution