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KAS BANK

ENXTAM:KA
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KA
ENXTAM
€188M
Market Cap
  1. Home
  2. NL
  3. Diversified Financials
Company description

KAS BANK N.V. provides securities services for professional investors in the pensions and securities industries in the Netherlands, the United Kingdom, Germany, and Belgium. The last earnings update was 18 days ago. More info.


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KA Share Price and Events
7 Day Returns
0.4%
ENXTAM:KA
-0.8%
Europe Capital Markets
0.3%
NL Market
1 Year Returns
69.1%
ENXTAM:KA
-9.9%
Europe Capital Markets
2%
NL Market
KA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KAS BANK (KA) 0.4% 0.8% 3.3% 69.1% 60.2% 30.3%
Europe Capital Markets -0.8% 8.2% 7.4% -9.9% 10.4% -17.2%
NL Market 0.3% 5.8% 0.7% 2% 27% 25.9%
1 Year Return vs Industry and Market
  • KA outperformed the Capital Markets industry which returned -9.9% over the past year.
  • KA outperformed the Market in Netherlands which returned 2% over the past year.
Price Volatility
KA
Industry
5yr Volatility vs Market

KA Value

 Is KAS BANK 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 KAS BANK 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 KAS BANK.

ENXTAM:KA 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
= €15.14 * 5.2%
€0.79
Book Value of Equity per Share Median Book Value from the past 5 years. €15.14
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year NL 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 ENXTAM:KA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.697 (1 + (1- 25%) (108.31%))
1.081
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.37% + (1.081 * 5.96%)
6.82%

Discounted Cash Flow Calculation for ENXTAM:KA using Excess Returns Model Model

The calculations below outline how an intrinsic value for KAS BANK 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.

ENXTAM:KA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.2% – 6.82%) * €15.14)
€-0.25
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.25 / (6.82% - 0.37%)
€-3.83
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €15.14 + €-3.83
€11.32
ENXTAM:KA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €11.32
Current discount Discount to share price of €12.70
= -1 x (€12.70 - €11.32) / €11.32
-12.2%

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

  • The current share price of KAS BANK 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 KAS BANK's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KAS BANK's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:KA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.16
ENXTAM:KA Share Price ** ENXTAM (2019-09-23) in EUR €12.7
Europe Capital Markets Industry PE Ratio Median Figure of 130 Publicly-Listed Capital Markets Companies 21.01x
Netherlands Market PE Ratio Median Figure of 78 Publicly-Listed Companies 19.03x

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

** Primary Listing of KAS BANK.

ENXTAM:KA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:KA Share Price ÷ EPS (both in EUR)

= 12.7 ÷ 0.16

77.5x

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

  • KAS BANK is overvalued based on earnings compared to the Europe Capital Markets industry average.
  • KAS BANK is overvalued based on earnings compared to the Netherlands market.
Price based on expected Growth
Does KAS BANK's expected growth come at a high price?
Raw Data
ENXTAM:KA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 77.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Capital Markets Industry PEG Ratio Median Figure of 53 Publicly-Listed Capital Markets Companies 1.31x
Netherlands Market PEG Ratio Median Figure of 59 Publicly-Listed Companies 1.4x

*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 KAS BANK, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on KAS BANK's assets?
Raw Data
ENXTAM:KA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €14.31
ENXTAM:KA Share Price * ENXTAM (2019-09-23) in EUR €12.7
Europe Capital Markets Industry PB Ratio Median Figure of 237 Publicly-Listed Capital Markets Companies 1.35x
Netherlands Market PB Ratio Median Figure of 100 Publicly-Listed Companies 1.87x
ENXTAM:KA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:KA Share Price ÷ Book Value per Share (both in EUR)

= 12.7 ÷ 14.31

0.89x

* Primary Listing of KAS BANK.

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

  • KAS BANK is good value based on assets compared to the Europe Capital Markets industry average.
X
Value checks
We assess KAS BANK'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. KAS BANK has a total score of 1/6, 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.

KA Future Performance

 How is KAS BANK 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
54.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is KAS BANK expected to grow at an attractive rate?
  • KAS BANK's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • KAS BANK's earnings growth is expected to exceed the Netherlands market average.
  • KAS BANK's revenue growth is positive but not above the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:KA Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTAM:KA Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 54.2%
ENXTAM:KA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.1%
Europe Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 19.1%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 10.9%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*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
ENXTAM:KA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
ENXTAM:KA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 89 1
2020-12-31 87 1
2019-12-31 85 1
2019-09-23
ENXTAM:KA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 90 -347 2
2019-03-31 95 10 5
2018-12-31 101 367 8
2018-09-30 102 120 10
2018-06-30 103 -128 12
2018-03-31 104 50 13
2017-12-31 105 227 15
2017-09-30 117 -93 19
2017-06-30 130 -412 22
2017-03-31 129 -96 19
2016-12-31 128 220 15
2016-09-30 120 946 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KAS BANK's earnings are expected to grow significantly at over 20% yearly.
  • KAS BANK's revenue is expected to grow by 0.1% yearly, however this is not considered high growth (20% yearly).
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
ENXTAM:KA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from KAS BANK Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:KA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.75 0.75 0.75 1.00
2020-12-31 0.41 0.41 0.41 1.00
2019-12-31 0.30 0.30 0.30 1.00
2019-09-23
ENXTAM:KA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.16
2019-03-31 0.36
2018-12-31 0.55
2018-09-30 0.67
2018-06-30 0.78
2018-03-31 0.90
2017-12-31 1.02
2017-09-30 1.27
2017-06-30 1.52
2017-03-31 1.26
2016-12-31 1.01
2016-09-30 0.77

*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.
  • KAS BANK is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KAS BANK'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.
KAS BANK has a total score of 3/6, 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.

KA Past Performance

  How has KAS BANK 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 KAS BANK'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.
  • KAS BANK's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • KAS BANK's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • KAS BANK's 1-year earnings growth is negative, it can't be compared to the Europe Capital Markets industry average.
Earnings and Revenue History
KAS BANK'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 KAS BANK Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:KA 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 90.11 2.46 87.57
2019-03-31 95.35 5.30 89.04
2018-12-31 100.59 8.14 90.50
2018-09-30 101.84 9.91 87.01
2018-06-30 103.09 11.67 83.52
2018-03-31 103.89 13.39 82.02
2017-12-31 104.69 15.10 80.52
2017-09-30 117.31 18.79 85.27
2017-06-30 129.92 22.48 90.01
2017-03-31 128.84 18.67 94.43
2016-12-31 127.75 14.85 98.85
2016-09-30 120.31 11.35 102.79
2016-06-30 112.86 7.85 106.72
2016-03-31 118.38 11.56 105.01
2015-12-31 123.91 15.27 103.31
2015-09-30 117.94 13.31 97.98
2015-06-30 111.98 11.35 92.64
2015-03-31 107.39 17.80 90.76
2014-12-31 102.79 24.26 88.89
2014-09-30 107.73 24.63 87.87
2014-06-30 112.66 25.01 86.85
2014-03-31 115.32 18.64 90.60
2013-12-31 117.99 12.27 94.35
2013-09-30 119.42 13.71 97.80
2013-06-30 120.86 15.16 101.26
2013-03-31 121.09 14.64 100.22
2012-12-31 121.32 14.13 99.19
2012-09-30 118.17 11.25 98.74

*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.
  • KAS BANK has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KAS BANK used its assets less efficiently than the Europe Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if KAS BANK 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 KAS BANK'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.
KAS BANK 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.

KA Health

 How is KAS BANK'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 KAS BANK's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KAS BANK's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • KAS BANK's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of KAS BANK'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 6.8x 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 KAS BANK Company Filings, last reported 2 months ago.

ENXTAM:KA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 219.67 203.34 1,369.49
2019-03-31 219.67 203.34 1,369.49
2018-12-31 217.11 231.35 2,085.45
2018-09-30 217.11 231.35 2,085.45
2018-06-30 225.92 219.04 2,062.69
2018-03-31 225.92 219.04 2,062.69
2017-12-31 232.91 274.70 1,706.10
2017-09-30 232.91 274.70 1,706.10
2017-06-30 228.71 772.49 3,126.90
2017-03-31 228.71 772.49 3,126.90
2016-12-31 224.99 671.38 2,624.64
2016-09-30 224.99 671.38 2,624.64
2016-06-30 199.97 876.15 3,559.75
2016-03-31 199.97 876.15 3,559.75
2015-12-31 209.51 604.65 2,599.54
2015-09-30 209.51 604.65 2,599.54
2015-06-30 213.36 625.63 2,360.00
2015-03-31 213.36 625.63 2,360.00
2014-12-31 194.34 826.09 2,575.54
2014-09-30 194.34 826.09 2,575.54
2014-06-30 224.45 814.05 2,688.71
2014-03-31 224.45 814.05 2,688.71
2013-12-31 213.17 528.51 1,989.20
2013-09-30 213.17 528.51 1,989.20
2013-06-30 194.52 874.24 2,600.33
2013-03-31 194.52 874.24 2,600.33
2012-12-31 192.35 625.51 2,610.64
2012-09-30 189.21 625.51 2,610.64
  • KAS BANK's level of debt (92.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (363.3% vs 92.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on KAS BANK's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess KAS BANK'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. KAS BANK has a total score of 2/6, 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.

KA Dividends

 What is KAS BANK'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 KAS BANK dividends. Estimated to be 2.68% next year.
If you bought €2,000 of KAS BANK 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 KAS BANK's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate KAS BANK'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
ENXTAM:KA 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
Europe Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 111 Stocks 3.4%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.9%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.4%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.3%
Netherlands Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

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

ENXTAM:KA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.53 1.00
2020-12-31 0.28 1.00
2019-12-31 0.21 1.00
2019-09-23
ENXTAM:KA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-09-05 0.000 0.000
2019-03-13 0.000 0.000
2018-09-06 0.420 6.205
2018-03-14 0.640 6.441
2018-03-08 0.640 6.077
2017-09-08 0.660 6.552
2017-03-16 0.640 6.480
2017-03-02 0.640 6.754
2016-08-25 0.000 0.000
2016-03-10 0.640 6.869
2016-02-25 0.640 6.405
2015-03-12 0.640 5.889
2015-02-19 0.640 5.492
2014-08-28 0.640 6.503
2014-03-13 0.640 6.191
2014-02-20 0.640 6.411
2013-03-01 0.640 6.823
2013-02-28 0.640 7.096
2012-08-30 0.500 6.350
2012-03-14 0.500 6.716
2012-03-02 0.500 5.823
2011-08-26 0.730 8.510
2011-03-22 0.730 6.886
2011-03-03 0.730 6.251
2010-08-26 0.730 6.154
2010-03-04 0.800 6.469
2010-03-03 0.800 5.728
2009-08-26 0.660 4.891
2009-02-26 0.000 0.000
2008-12-31 0.000 0.000

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

  • Unable to perform a dividend volatility check as KAS BANK has not reported any payouts.
  • Unable to verify if KAS BANK's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of KAS BANK's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as KAS BANK has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.7x coverage).
X
Income/ dividend checks
We assess KAS BANK's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 KAS BANK afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KAS BANK 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.

KA Management

 What is the CEO of KAS BANK'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
Sikko A. van Katwijk
COMPENSATION €542,000
AGE 56
TENURE AS CEO 4.7 years
CEO Bio

Mr. Sikko A. J. van Katwijk has been the Chairman of Management Board at KAS BANK N.V. since November 1, 2015. Mr. van Katwijk has also been the Chief Commercial Officer and Member of the Managing Board of KAS BANK N.V. since July 1, 2009 and September 1, 2009 respectively.

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

Average tenure of the KAS BANK management team in years:

4.7
Average Tenure
  • The tenure for the KAS BANK management team is about average.
Management Team

Sikko A. van Katwijk

TITLE
Chairman of the Managing Board
COMPENSATION
€542K
AGE
56
TENURE
4.7 yrs

Mark Stoffels

TITLE
Chief Financial & Risk Officer and Member of the Managing Board
COMPENSATION
€443K
AGE
47
TENURE
3.6 yrs

Frank Lurling

TITLE
Managing Director of Compliance

Mark van Weezenbeek

TITLE
Managing Director
TENURE
3.7 yrs

Richard Roos

TITLE
Head of Architecture Design
TENURE
9.7 yrs

Pat Sharman

TITLE
Managing Director of UK

Anneke Tilma

TITLE
Managing Director of Finance

Patricia Sherman

TITLE
Managing Director of UK

Monique Rabou

TITLE
Managing Director of Operations

Geert Kremer

TITLE
Head of Treasury
TENURE
11.3 yrs
Board of Directors Tenure

Average tenure and age of the KAS BANK board of directors in years:

3.4
Average Tenure
61
Average Age
  • The tenure for the KAS BANK board of directors is about average.
Board of Directors

Peter J. Borgdorff

TITLE
Chairman of the Supervisory Board
AGE
66
TENURE
4.8 yrs

Pauline J. Bieringa

TITLE
Vice Chairman of Supervisory Board
AGE
60
TENURE
3.4 yrs

Petronella Hofsté

TITLE
Member of Supervisory Board
AGE
58
TENURE
5.7 yrs

J. Hans Snijders

TITLE
Member of Supervisory Board
AGE
63
TENURE
3 yrs

Tanja Nagel

TITLE
Supervisory Board Member
AGE
59
TENURE
1.4 yrs

Jean-François Abadie

TITLE
Member of Supervisory Board
AGE
63

Catherine Duvaud

TITLE
Member of Supervisory Board
AGE
55

Joe Saliba

TITLE
Member of Supervisory Board
AGE
62
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 KAS BANK'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. KAS BANK 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.

KA News

Simply Wall St News

Should You Consider KAS BANK N.V. (AMS:KA)?

Help shape the future of investing tools and receive a $20 prize! … (AMS:KA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.

Simply Wall St -

Our Take On KAS BANK N.V.'s (AMS:KA) CEO Salary

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … The aim of all this is to consider the appropriateness of CEO pay levels. … How Does Sikko van Katwijk's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Should You Be Worried About Insider Transactions At KAS BANK N.V. (AMS:KA)?

We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in KAS BANK N.V. … Chairman of Management Board Sikko van Katwijk made the biggest insider sale in the last 12 months.

Simply Wall St -

A Holistic Look At KAS BANK NV (AMS:KA)

KAS BANK NV (AMS:KA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … that has been a rockstar for income investors, currently trading at an attractive share price

Simply Wall St -

Does KAS BANK NV's (AMS:KA) CEO Pay Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Sikko van Katwijk's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below €173m.

Simply Wall St -

Is KAS BANK NV (AMS:KA) Attractive At This PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While this makes KA appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

What Does KAS BANK NV's (ENXTAM:KA) Share Price Indicate?

KAS BANK NV (ENXTAM:KA), a capital markets company based in Netherlands,. … According to my valuation model, KAS BANK seems to be fairly priced at around … 18.77% above my intrinsic value, which means if you buy KAS BANK today, you’d be paying a relatively

Simply Wall St -

Does KAS BANK NV. (AMS:KA) Go Up With The Market?

If you are looking to invest in KAS BANK NV.’s (ENXTAM:KA), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … Check out our latest analysis for KAS BANK An interpretation of KA's beta KAS BANK's beta of 0.44 indicates that the stock value will be less variable compared to the whole stock market. … Based on this beta value, KA appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

Simply Wall St -

Interested In KAS BANK NV. (AMS:KA)? Here's How It Performed Recently

View our latest analysis for KAS BANK Commentary On KA's Past Performance I like to use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For KAS BANK, its most recent bottom-line (trailing twelve month) is €15.10M, which compared to last year’s level, Given that these figures are fairly myopic, I have created an annualized five-year value for KA's net income, which stands at €15.30M This means KAS BANK's average annual net income has historically been higher, which signals a declining trend in earnings. … This means any recent headwind the industry is facing, KAS BANK is relatively better-cushioned than its peers.What does this mean?

Simply Wall St -

Should You Buy KAS BANK NV. (AMS:KA) Now?

Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … KA’s future growth appears to have been factored into the current share price, with shares trading above its fair value. … If you believe KA should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

KA Company Info

Description

KAS BANK N.V. provides securities services for professional investors in the pensions and securities industries in the Netherlands, the United Kingdom, Germany, and Belgium. It operates through Core, Treasury, and Other segments. The company offers custody services, such as safekeeping and corporate events; various added value services, including fund accounting, NAV-calculation, portfolio-valuation, and regulatory reporting and monitoring; transactional services comprising clearing, settlement, and order execution; and treasury services comprising overlay services, balance sheet and liquidity management, currency trading, and securities borrowing and lending. It serves pension funds, insurance companies, fund managers, investment companies, private banks, wealth managers, brokers, family offices, and charities. The company serves customers through its branches in Amsterdam, London, and Frankfurt am Main. KAS BANK N.V. was founded in 1806 and is headquartered in Amsterdam, the Netherlands.

Details
Name: KAS BANK N.V.
KA
Exchange: ENXTAM
Founded: 1806
€187,739,705
14,782,654
Website: http://www.kasbank.com
Address: KAS BANK N.V.
De Entree 500,
Amsterdam,
Noord-Holland, 1101 EE,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM KA Ordinary Shares Euronext Amsterdam NL EUR 02. Jan 1992
LSE 0EYB Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE KAA Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
431
KAS BANK employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/23 21:02
End of day share price update: 2019/09/23 00:00
Last estimates confirmation: 2019/06/26
Last earnings filing: 2019/09/05
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.