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Texim Bank AD

BUL:5CP
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5CP
BUL
BGN78M
Market Cap
  1. Home
  2. BG
  3. Banks
Company description

Texim Bank AD provides various banking products and services to individuals and legal entities in Bulgaria. The last earnings update was 160 days ago. More info.


Add to Portfolio Compare Print
  • Texim Bank AD has significant price volatility in the past 3 months.
5CP Share Price and Events
7 Day Returns
0.7%
BUL:5CP
-2.2%
Europe Banks
0.5%
BG Market
1 Year Returns
-
BUL:5CP
-38.7%
Europe Banks
-15.5%
BG Market
5CP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Texim Bank AD (5CP) 0.7% 0% - - 9.8% 89.2%
Europe Banks -2.2% -23.8% -38.6% -38.7% -44.1% -54.9%
BG Market 0.5% -5% -6.5% -15.5% -19.8% -9%
1 Year Return vs Industry and Market
  • No trading data on 5CP.
  • No trading data on 5CP.
Price Volatility
5CP
Industry
5yr Volatility vs Market

5CP Value

 Is Texim Bank AD 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
Here we compare the current share price of Texim Bank AD to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Texim Bank AD.

BUL:5CP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= BGN1.31 * 0.5%
BGN0.01
Book Value of Equity per Share Median Book Value from the past 5 years. BGN1.31
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year BG Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BUL:5CP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BG Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 7.9%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.51 (1 + (1- 10%) (3.83%))
0.684
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.4% + (0.8 * 7.85%)
6.68%

Discounted Cash Flow Calculation for BUL:5CP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Texim Bank AD is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BUL:5CP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (0.5% – 6.68%) * BGN1.31)
BGN-0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= BGN-0.08 / (6.68% - 0.4%)
BGN-1.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= BGN1.31 + BGN-1.28
BGN0.03
BUL:5CP Discount to Share Price
Calculation Result
Value per share (BGN) From above. BGN0.03
Current discount Discount to share price of BGN2.80
= -1 x (BGN2.80 - BGN0.03) / BGN0.03
-9843.6%

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

  • The current share price of Texim Bank AD is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Texim Bank AD's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Texim Bank AD's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BUL:5CP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in BGN BGN0.00
BUL:5CP Share Price ** BUL (2020-04-03) in BGN BGN2.8
Europe Banks Industry PE Ratio Median Figure of 201 Publicly-Listed Banks Companies 6.76x
Bulgaria Market PE Ratio Median Figure of 65 Publicly-Listed Companies 13.79x

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

** Primary Listing of Texim Bank AD.

BUL:5CP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BUL:5CP Share Price ÷ EPS (both in BGN)

= 2.8 ÷ 0.00

-933.33x

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

  • Texim Bank AD is loss making, we can't compare its value to the Europe Banks industry average.
  • Texim Bank AD is loss making, we can't compare the value of its earnings to the Bulgaria market.
Price based on expected Growth
Does Texim Bank AD's expected growth come at a high price?
Raw Data
BUL:5CP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -933.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Banks Industry PEG Ratio Median Figure of 122 Publicly-Listed Banks Companies 0.42x

*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 Texim Bank AD, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Texim Bank AD's assets?
Raw Data
BUL:5CP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in BGN BGN1.35
BUL:5CP Share Price * BUL (2020-04-03) in BGN BGN2.8
Europe Banks Industry PB Ratio Median Figure of 213 Publicly-Listed Banks Companies 0.53x
Bulgaria Market PB Ratio Median Figure of 85 Publicly-Listed Companies 1x
BUL:5CP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BUL:5CP Share Price ÷ Book Value per Share (both in BGN)

= 2.8 ÷ 1.35

2.07x

* Primary Listing of Texim Bank AD.

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

  • Texim Bank AD is overvalued based on assets compared to the Europe Banks industry average.
X
Value checks
We assess Texim Bank AD'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. Texim Bank AD has a total score of 0/6, 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.

5CP Future Performance

 How is Texim Bank AD expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Texim Bank AD has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
8.1%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Texim Bank AD expected to grow at an attractive rate?
  • Unable to compare Texim Bank AD's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Texim Bank AD's earnings growth to the market average as no estimate data is available.
  • Unable to compare Texim Bank AD's revenue growth to the market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BUL:5CP Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Banks Industry Earnings Growth Rate Market Cap Weighted Average 8.1%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 2.9%

*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
BUL:5CP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BGN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BUL:5CP Past Financials Data
Date (Data in BGN Millions) Revenue Cash Flow Net Income *
2019-09-30 16 -47 0
2019-06-30 15 -50 0
2019-03-31 14 -52 0
2018-12-31 14 -49 0
2018-09-30 14 -30 0
2018-06-30 14 -43 0
2018-03-31 15 -40 1
2017-12-31 14 -18 0
2017-09-30 12 -36 2
2017-06-30 13 -30 1
2017-03-31 13 -35 1
2016-12-31 12 -37 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Texim Bank AD is high growth as no earnings estimate data is available.
  • Unable to determine if Texim Bank AD is high growth as no revenue estimate data is available.
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
BUL:5CP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Texim Bank AD Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUL:5CP Past Financials Data
Date (Data in BGN Millions) EPS *
2019-09-30 0.00
2019-06-30 0.01
2019-03-31 -0.01
2018-12-31 0.01
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31
2017-12-31 0.01
2017-09-30
2017-06-30
2017-03-31
2016-12-31 0.03

*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.
  • Unable to establish if Texim Bank AD will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Texim Bank AD's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Texim Bank AD's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Texim Bank AD'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Texim Bank AD has a total score of 0/6, 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.

5CP Past Performance

  How has Texim Bank AD 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 Texim Bank AD'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.
  • Texim Bank AD does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Texim Bank AD's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Texim Bank AD's 1-year growth to the Europe Banks industry average as it is not currently profitable.
Earnings and Revenue History
Texim Bank AD'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 Texim Bank AD Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUL:5CP Past Revenue, Cash Flow and Net Income Data
Date (Data in BGN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 15.86 -0.08 15.77
2019-06-30 15.38 0.19 15.45
2019-03-31 14.19 -0.27 14.74
2018-12-31 14.39 0.20 14.46
2018-09-30 13.57 -0.27 13.99
2018-06-30 14.24 0.12 13.82
2018-03-31 14.57 0.65 13.63
2017-12-31 13.89 0.16 13.44
2017-09-30 12.02 1.50 13.78
2017-06-30 13.25 0.84 13.50
2017-03-31 12.61 0.60 13.32
2016-12-31 12.40 0.78 12.96
2016-09-30 13.60 0.19 12.26
2016-06-30 11.10 0.18 11.89
2016-03-31 11.00 0.27 11.54
2015-12-31 9.72 0.14 11.56
2015-09-30 9.91 0.14 10.93
2015-06-30 9.56 0.14 10.66
2015-03-31 8.41 0.10 11.22
2014-12-31 9.41 0.20 10.92
2014-09-30 9.78 1.19 10.34
2014-06-30 9.63 1.15 10.20
2014-03-31 9.42 0.35 9.09
2013-12-31 8.87 0.15 8.76
2013-09-30 6.62 -0.06 8.34
2013-06-30 6.54 0.17 8.09

*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.
  • It is difficult to establish if Texim Bank AD has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Texim Bank AD has efficiently used its assets last year compared to the Europe Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Texim Bank AD 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 Texim Bank AD'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.
Texim Bank AD 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.

5CP Health

 How is Texim Bank AD'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 Texim Bank AD'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 Texim Bank AD Company Filings, last reported 6 months ago.

BUL:5CP Past Debt and Equity Data
Date (Data in BGN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 37.83 0.00 134.38
2019-06-30 37.70 0.00 125.60
2019-03-31 37.23 0.00 115.95
2018-12-31 36.79 23.00 36.96
2018-09-30 36.55 0.00 36.90
2018-06-30 36.18 0.00 36.14
2018-03-31 36.25 0.00 35.47
2017-12-31 36.03 8.00 40.49
2017-09-30 36.95 0.00 29.19
2017-06-30 35.69 0.00 28.86
2017-03-31 35.54 0.00 28.32
2016-12-31 35.73 0.00 36.16
2016-09-30 34.00 0.00 19.69
2016-06-30 35.31 0.00 22.23
2016-03-31 38.53 0.00 15.51
2015-12-31 34.31 5.00 24.12
2015-09-30 32.27 0.00 27.71
2015-06-30 31.79 0.00 29.89
2015-03-31 32.48 0.00 7.98
2014-12-31 32.33 0.00 23.79
2014-09-30 32.56 0.00 20.42
2014-06-30 32.81 0.00 20.05
2014-03-31 33.13 1.67 16.71
2013-12-31 33.13 1.67 16.71
2013-09-30 31.61 0.00 3.89
2013-06-30 31.41 0.00 4.79
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.
  • Texim Bank AD has an acceptable proportion of non-loan assets held.
  • Texim Bank AD's liabilities are made up of primarily low risk sources of funding.
  • Loans at Texim Bank AD are broadly funded by customer deposits.
  • Texim Bank AD's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Texim Bank AD has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Texim Bank AD has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Texim Bank AD'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. Texim Bank AD 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.

5CP Dividends

 What is Texim Bank AD'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 Texim Bank AD dividends.
If you bought BGN2,000 of Texim Bank AD shares you are expected to receive BGN0 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 Texim Bank AD's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Texim Bank AD'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
BUL:5CP 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 0 Analyst Estimates (S&P Global) See Below
Europe Banks Industry Average Dividend Yield Market Cap Weighted Average of 138 Stocks 9%
Bulgaria Market Average Dividend Yield Market Cap Weighted Average of 24 Stocks 3.7%
Bulgaria Minimum Threshold Dividend Yield 10th Percentile 1%
Bulgaria Bottom 25% Dividend Yield 25th Percentile 2.4%
Bulgaria Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Texim Bank AD has not reported any payouts.
  • Unable to verify if Texim Bank AD's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Texim Bank AD's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Texim Bank AD has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Texim Bank AD's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Texim Bank AD afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Texim Bank AD 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.

5CP Management

 What is the CEO of Texim Bank AD'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
Iglika Logofetova
COMPENSATION BGN0
CEO Bio

Iglinka Dimitrova Logofetova serves as the Chairman of Management Board at Texim Bank AD.

CEO Compensation
  • Insufficient data for Iglika to compare compensation growth.
  • Insufficient data for Iglika to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Iglika Logofetova

TITLE
Chairman of the Management Board

Ivaylo Donchev

TITLE
Deputy Chairman of the Board of Directors

Maria Vidolova

TITLE
Executive Director

Dimitar Jilev

TITLE
Director

Tsvetanka Kanchelova

TITLE
Chief Accounting Officer

Vasil Valkov

TITLE
Head of Private Banking

Kolio Sabotinov

TITLE
Chief Secretary
Board of Directors

Apostol Apostolov

TITLE
Chairman of the Supervisory Board
TENURE
8.8 yrs

Milen Markov

TITLE
Deputy Chairman of Supervisory Board

Petar Hristov

TITLE
Member of the Supervisory Board

Veselin Morov

TITLE
Member of the Supervisory Board

Ivelina Shaban

TITLE
Member of the Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (BGN) Value (BGN)
X
Management checks
We assess Texim Bank AD'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. Texim Bank AD 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.

5CP News

Simply Wall St News

5CP Company Info

Description

Texim Bank AD provides various banking products and services to individuals and legal entities in Bulgaria. It offers special and current, fund raising, escrow, and saving accounts; term deposits; and loans, such as debt consolidation, personal, cash collateral, overdraft, annuity, working capital, investment, documentary collection, and agricultural loans, as well as letters of credit, bank guarantees, business development funds, discount credit, and loan products in exchange for warehouse warrants. The company also provides credit and debit cards; payment, financial market, periodic bill payment, and SMS notification services; and transactions with securities. In addition, it offers private banking and financial consultancy services to wealthy individuals and families, including asset management, money management, legal and tax consulting, real estate consulting/project development, inheritance planning, retirement planning, and insurance services; and investment banking services, such as corporate finances, mergers and acquisitions, researches, consultations, commerce, trustee services, and fiduciary services, as well as asset management services and mutual funds. The company was founded in 1992 and is headquartered in Sofia, Bulgaria.

Details
Name: Texim Bank AD
5CP
Exchange: BUL
Founded: 1992
BGN78,386,100
27,995,036
Website: http://www.teximbank.bg
Address: Texim Bank AD
117 Todor Alexandrov Boulevard,
Sofia,
1303,
Bulgaria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BUL 5CP Ordinary Shares Bulgaria Stock Exchange BG BGN 13. Feb 2013
LSE 0QRP Ordinary Shares London Stock Exchange GB BGN 13. Feb 2013
Number of employees
Current staff
Staff numbers
0
Texim Bank AD employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:03
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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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.