KBC GROUPE NV |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 68.92 EUR | -0.83% |
|
-0.98% | +17.37% |
| Apr. 26 | Bankinter seeks to carve out a niche among Irish banks and enter deposit market | RE |
| Apr. 26 | Spain's Bankinter takes on Irish banks with deposit move | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 27,905 | 23,850 | 31,442 | 25,053 | 24,163 | 27,826 | - | - |
| Enterprise Value (EV) 1 | 27,905 | 23,850 | 31,442 | 25,053 | 24,163 | 27,826 | 27,826 | 27,826 |
| P/E ratio | 11.5 x | 17.1 x | 12.3 x | 8.9 x | 7.3 x | 8.89 x | 8.75 x | 8.26 x |
| Yield | 1.49% | 0.77% | 5.3% | 6.66% | 7.07% | 6.64% | 6.91% | 7.25% |
| Capitalization / Revenue | 3.66 x | 3.31 x | 4.16 x | 2.91 x | 2.15 x | 2.52 x | 2.44 x | 2.35 x |
| EV / Revenue | 3.66 x | 3.31 x | 4.16 x | 2.91 x | 2.15 x | 2.52 x | 2.44 x | 2.35 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.48 x | 1.19 x | 1.46 x | 1.29 x | 1.09 x | 1.21 x | 1.15 x | 1.09 x |
| Nbr of stocks (in thousands) | 416,113 | 416,373 | 416,673 | 417,000 | 411,498 | 403,748 | - | - |
| Reference price 2 | 67.06 | 57.28 | 75.46 | 60.08 | 58.72 | 68.92 | 68.92 | 68.92 |
| Announcement Date | 2/13/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,629 | 7,195 | 7,558 | 8,612 | 11,224 | 11,020 | 11,414 | 11,841 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,209 | 3,039 | 3,162 | 3,794 | 4,398 | 4,124 | 4,376 | 4,563 |
| Operating Margin | 42.06% | 42.24% | 41.84% | 44.05% | 39.18% | 37.42% | 38.34% | 38.54% |
| Earnings before Tax (EBT) 1 | 3,116 | 1,847 | 3,418 | 3,500 | 4,179 | 3,765 | 3,905 | 4,075 |
| Net income 1 | 2,489 | 1,440 | 2,614 | 2,864 | 3,402 | 3,094 | 3,041 | 3,159 |
| Net margin | 32.63% | 20.01% | 34.59% | 33.26% | 30.31% | 28.08% | 26.64% | 26.68% |
| EPS 2 | 5.850 | 3.340 | 6.150 | 6.750 | 8.040 | 7.753 | 7.879 | 8.344 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.000 | 0.4400 | 4.000 | 4.000 | 4.150 | 4.579 | 4.764 | 5.000 |
| Announcement Date | 2/13/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,884 | 1,887 | 2,116 | 2,123 | 2,115 | 2,257 | 3,060 | 2,775 | 2,715 | 2,674 | 2,715 | 2,780 | 2,802 | 2,816 | 2,828 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 859 | 809 | 596 | 1,052 | 1,048 | 1,097 | 1,559 | 1,756 | 1,142 | 1,006 | 729 | 1,156 | 1,141 | 1,105 | - |
| Operating Margin | 45.59% | 42.87% | 28.17% | 49.55% | 49.55% | 48.6% | 50.95% | 63.28% | 42.06% | 37.62% | 26.85% | 41.59% | 40.71% | 39.23% | - |
| Earnings before Tax (EBT) 1 | 903 | 823 | 571 | 1,023 | 945 | 962 | 1,062 | 1,202 | 1,079 | 836 | 631.8 | 1,062 | 1,045 | 1,006 | 599.9 |
| Net income 1 | 601 | 663 | 458 | 811 | 776 | 818 | 882 | 966 | 877 | 677 | 457.8 | 825.6 | 811.9 | 1,079 | 451.4 |
| Net margin | 31.9% | 35.14% | 21.64% | 38.2% | 36.69% | 36.24% | 28.82% | 34.81% | 32.3% | 25.32% | 16.86% | 29.7% | 28.97% | 38.33% | 15.96% |
| EPS 2 | 1.410 | 1.560 | 1.070 | 1.920 | 1.830 | 1.930 | 2.080 | 2.290 | 2.070 | 1.590 | 1.101 | 2.075 | 2.093 | 2.364 | 1.146 |
| Dividend per Share | - | 3.000 | - | - | - | - | - | - | - | 3.150 | - | - | - | - | - |
| Announcement Date | 11/12/21 | 2/10/22 | 5/12/22 | 8/11/22 | 11/9/22 | 2/9/23 | 5/16/23 | 8/10/23 | 11/9/23 | 2/8/24 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 14.3% | 8% | 13% | 14% | 15.8% | 13.7% | 12.8% | 12.8% |
| ROA (Net income/ Total Assets) | 0.87% | 0.47% | 0.79% | 0.82% | 0.97% | 0.83% | 0.8% | 0.79% |
| Assets 1 | 287,281 | 305,732 | 330,551 | 348,097 | 350,722 | 373,967 | 379,212 | 399,256 |
| Book Value Per Share 2 | 45.30 | 48.10 | 51.80 | 46.60 | 53.90 | 56.80 | 59.70 | 63.40 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/13/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
68.92
EUR
Average target price
74.48
EUR
Spread / Average Target
+8.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.37% | 29.71B | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| -11.67% | 138B | |
| +0.10% | 139B |
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