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BinckBank

DB:AOT
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AOT
DB
€424M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

BinckBank N.V., together with its subsidiaries, provides online brokerage services in financial instruments for private and professional investors. The last earnings update was 154 days ago. More info.


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AOT Share Price and Events
7 Day Returns
0%
DB:AOT
3.5%
DE Capital Markets
0.1%
DE Market
1 Year Returns
4.1%
DB:AOT
18%
DE Capital Markets
18.8%
DE Market
AOT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BinckBank (AOT) 0% 0% 0% 4.1% 19% -10.7%
DE Capital Markets 3.5% 4.1% 0.8% 18% -18% -33.6%
DE Market 0.1% 1.6% 8.1% 18.8% 7.9% 16.8%
1 Year Return vs Industry and Market
  • AOT underperformed the Capital Markets industry which returned 18% over the past year.
  • AOT underperformed the Market in Germany which returned 18.8% over the past year.
Price Volatility
AOT
Industry
5yr Volatility vs Market

Value

 Is BinckBank 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 BinckBank 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 BinckBank.

DB:AOT 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
= €5.92 * 3.9%
€0.23
Book Value of Equity per Share Median Book Value from the past 5 years. €5.92
Discount Rate (Cost of Equity) See below 4.5%
Perpetual Growth Rate 10-Year DE 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 DB:AOT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.776 (1 + (1- 25%) (11.12%))
0.893
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.893 * 5.44%)
4.47%

Discounted Cash Flow Calculation for DB:AOT using Excess Returns Model Model

The calculations below outline how an intrinsic value for BinckBank 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.

DB:AOT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.9% – 4.47%) * €5.92)
€-0.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.03 / (4.47% - -0.39%)
€-0.64
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €5.92 + €-0.64
€5.29
DB:AOT Discount to Share Price
Calculation Result
Value per share (EUR) From above. €5.29
Current discount Discount to share price of €6.35
= -1 x (€6.35 - €5.29) / €5.29
-20.1%

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

  • The current share price of BinckBank 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 BinckBank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BinckBank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AOT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.31
DB:AOT Share Price ** DB (2019-09-25) in EUR €6.35
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 26.36x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 20.97x

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

** Primary Listing of BinckBank.

DB:AOT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:AOT Share Price ÷ EPS (both in EUR)

= 6.35 ÷ 0.31

20.71x

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

  • BinckBank is good value based on earnings compared to the DE Capital Markets industry average.
  • BinckBank is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does BinckBank's expected growth come at a high price?
Raw Data
DB:AOT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 2.59x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.45x

*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 BinckBank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BinckBank's assets?
Raw Data
DB:AOT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €6.54
DB:AOT Share Price * DB (2019-09-25) in EUR €6.35
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.88x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.89x
DB:AOT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:AOT Share Price ÷ Book Value per Share (both in EUR)

= 6.35 ÷ 6.54

0.97x

* Primary Listing of BinckBank.

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

  • BinckBank is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess BinckBank'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. BinckBank has a total score of 3/6, 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.

Future Performance

 How is BinckBank expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-4.4%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is BinckBank expected to grow at an attractive rate?
  • Unable to compare BinckBank's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare BinckBank's earnings growth to the Germany market average as no estimate data is available.
  • BinckBank's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AOT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AOT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -4.4%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:AOT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AOT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 136 1
2019-12-31 133 1
DB:AOT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 147 376 20
2019-03-31 152 30
2018-12-31 159 113 35
2018-09-30 164 32
2018-06-30 167 363 29
2018-03-31 167 16
2017-12-31 168 186 9
2017-09-30 171 312 6
2017-06-30 171 -3 3
2017-03-31 171 19 4
2016-12-31 168 227 5
2016-09-30 167 -214 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if BinckBank is high growth as no earnings estimate data is available.
  • BinckBank's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
DB:AOT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from BinckBank Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AOT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
DB:AOT Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.31
2019-03-31 0.44
2018-12-31 0.53
2018-09-30 0.54
2018-06-30 0.45
2018-03-31 0.24
2017-12-31 0.13
2017-09-30 0.08
2017-06-30 0.05
2017-03-31 0.06
2016-12-31 0.07
2016-09-30 0.12

*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 BinckBank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess BinckBank'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
BinckBank 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.

Past Performance

  How has BinckBank 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 BinckBank's growth in the last year to its industry (Capital Markets).
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.
  • BinckBank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • BinckBank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BinckBank's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
BinckBank'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 BinckBank Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AOT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 147.40 19.90 63.10
2019-03-31 152.09 30.28 63.31
2018-12-31 159.41 35.18 63.88
2018-09-30 164.26 31.65 63.54
2018-06-30 167.03 28.77 65.77
2018-03-31 166.85 16.07 67.22
2017-12-31 167.95 8.97 67.83
2017-09-30 170.79 5.63 67.58
2017-06-30 171.31 3.37 66.11
2017-03-31 171.39 3.81 65.02
2016-12-31 168.20 4.53 65.21
2016-09-30 166.72 8.63 62.37
2016-06-30 173.58 15.96 63.34
2016-03-31 180.71 21.70 64.11
2015-12-31 194.54 29.63 64.68
2015-09-30 198.84 30.74 67.82
2015-06-30 196.46 41.31 68.32
2015-03-31 194.86 36.38 69.28
2014-12-31 192.25 31.55 69.39
2014-09-30 221.11 31.41 82.44
2014-06-30 219.44 17.17 77.84
2014-03-31 215.30 21.61 72.47
2013-12-31 205.15 19.25 67.16
2013-09-30 159.70 20.62 38.24
2013-06-30 161.58 21.06 41.22
2013-03-31 163.80 19.04 44.97
2012-12-31 173.83 24.21 49.70

*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.
  • BinckBank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BinckBank used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if BinckBank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess BinckBank'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 Capital Markets 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.
BinckBank 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.

Health

 How is BinckBank's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BinckBank's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BinckBank's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • BinckBank's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BinckBank'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 70.5x debt.
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 BinckBank Company Filings, last reported 5 months ago.

DB:AOT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 410.19 47.14 1,958.94
2019-03-31 406.88 45.37 1,559.03
2018-12-31 403.38 32.03 1,269.51
2018-09-30 395.46 45.20 1,560.70
2018-06-30 398.68 43.78 1,602.97
2018-03-31 401.55 38.10 1,051.84
2017-12-31 394.89 39.59 1,191.43
2017-09-30 391.77 32.66 1,174.20
2017-06-30 391.02 31.01 1,239.06
2017-03-31 398.34 27.23 1,021.66
2016-12-31 396.95 22.45 1,011.88
2016-09-30 396.95 15.99 668.45
2016-06-30 405.82 15.50 967.51
2016-03-31 434.58 17.75 549.73
2015-12-31 437.48 35.87 384.31
2015-09-30 431.91 72.83 503.39
2015-06-30 433.19 36.53 716.06
2015-03-31 450.50 84.25 776.35
2014-12-31 440.25 33.88 252.59
2014-09-30 434.81 38.28 376.41
2014-06-30 422.93 55.33 680.73
2014-03-31 438.04 14.40 448.82
2013-12-31 431.63 15.52 498.57
2013-09-30 426.73 47.55 636.65
2013-06-30 431.69 51.31 435.82
2013-03-31 452.44 24.78 474.89
2012-12-31 455.22 20.13 526.32
  • BinckBank's level of debt (11.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (13% vs 11.5% today).
  • Debt is well covered by operating cash flow (798.6%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on BinckBank's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess BinckBank'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. BinckBank 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.

Dividends

 What is BinckBank'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 BinckBank dividends.
If you bought €2,000 of BinckBank shares you are expected to receive €0 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 BinckBank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate BinckBank'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
DB:AOT 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 1 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

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

DB:AOT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as BinckBank has not reported any payouts.
  • Unable to verify if BinckBank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of BinckBank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as BinckBank 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 BinckBank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 BinckBank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BinckBank 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.

Management

 What is the CEO of BinckBank'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
Vincent J. Germyns
COMPENSATION €730,447
AGE 46
TENURE AS CEO 4.5 years
CEO Bio

Mr. Vincent J. J. Germyns has been the Chairman of the Executive Board and Member of Executive Board at BinckBank NV since June 11, 2015 and April 22, 2014 respectively. Mr. Germyns serves as the Chief Executive Officer at BinckBank N.V. since June 11, 2015. He served as an Interim Chairman of Executive Board from January 1, 2015 to June 11, 2015. He has broad experience in both operational management as well as strategy execution. He is responsible for the international expansion of BinckBank. In 2006 he was co-founder of BinckBank Belgium which grew to market leader under his entrepreneurship while BinckBank reached the number 3 position among online brokers in France in a short time frame. He is also responsible for the recent startup of BinckBank in Italy. Before his career at BinckBank, Mr. Germyns used to work for KBC Asset Management in Belgium.

CEO Compensation
  • Vincent J.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • Vincent J.'s remuneration is about average for companies of similar size in Germany.
Management Team

Vincent J. Germyns

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€730K
AGE
46
TENURE
4.5 yrs

Evert Kooistra

TITLE
Chief Financial & Risk Officer and Member of Executive Board
COMPENSATION
€663K
AGE
51
TENURE
11.6 yrs
Board of Directors Tenure

Average tenure and age of the BinckBank board of directors in years:

0.9
Average Tenure
58
Average Age
  • The average tenure for the BinckBank board of directors is less than 3 years, this suggests a new board.
Board of Directors

John W. van der Steen

TITLE
Supervisory Board Chairman
COMPENSATION
€52K
AGE
65

Jeroen Princen

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
€13K
AGE
54
TENURE
0.9 yrs

Frank Reisbøl

TITLE
Member of Supervisory Board
TENURE
0.9 yrs

Søren Kyhl

TITLE
Member of Supervisory Board
TENURE
0.9 yrs

Steen Blaafalk

TITLE
Member of Supervisory Board
AGE
58
TENURE
0.9 yrs
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 (€) Value (€)
X
Management checks
We assess BinckBank'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. BinckBank 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.

News

Simply Wall St News

Company Info

Description

BinckBank N.V., together with its subsidiaries, provides online brokerage services in financial instruments for private and professional investors. The company operates through The Netherlands, Belgium, France, Italy, and Group Operations segments. It offers services in investment, asset management, and savings to retail customers, businesses/legal entities, and independent asset managers. The company’s platform provides users with access to financial markets, professional trading facilities, and analysis tools. It operates under the Binck and Alex brands. The company was founded in 2000 and is headquartered in Amsterdam, the Netherlands. BinckBank N.V. operates as a subsidiary of Saxo Bank A/S.

Details
Name: BinckBank N.V.
AOT
Exchange: DB
Founded: 2000
€423,980,076
66,768,516
Website: http://www.binck.com
Address: BinckBank N.V.
Barbara Strozzilaan 310,
Amsterdam,
Noord-Holland, 1083 HN,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB AOT Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
597
BinckBank employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/23 20:39
End of day share price update: 2019/09/25 00:00
Last estimates confirmation: 2019/09/03
Last earnings filing: 2019/07/22
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.