Financials Bank of Ireland Group plc OTC Markets

Equities

BKRIY

US06279J1097

Banks

Delayed OTC Markets Other stock markets 12:40:14 2024-06-26 EDT			5-day change	1st Jan Change
10.42 ^USD	-2.51%		-4.30%	+15.29%

06-11	Irish banks can absorb commercial real estate price shock, regulator says	RE
06-03	BANK OF IRELAND : Upgraded 2024 net interest income guidance

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,249	3,538	5,359	9,505	8,675	10,118	-	-
Enterprise Value (EV) ¹	5,249	3,538	5,359	9,505	8,675	10,118	10,118	10,118
P/E ratio	13.6 x	-4.56 x	5.47 x	11.6 x	5.87 x	6.84 x	6.81 x	6.37 x
Yield	-	-	1%	2.36%	7.3%	6.51%	7.07%	7.55%
Capitalization / Revenue	1.85 x	1.36 x	1.82 x	2.94 x	1.96 x	2.34 x	2.38 x	2.37 x
EV / Revenue	1.85 x	1.36 x	1.82 x	2.94 x	1.96 x	2.34 x	2.38 x	2.37 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.54 x	0.37 x	0.48 x	0.8 x	-	0.82 x	0.77 x	0.72 x
Nbr of stocks (in thousands)	1,075,129	1,072,000	1,074,823	1,068,000	1,055,636	1,027,467	-	-
Reference price ²	4.882	3.300	4.986	8.900	8.218	9.848	9.848	9.848
Announcement Date	20-02-24	21-03-01	22-02-28	23-03-07	24-02-26	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,836	2,603	2,944	3,234	4,428	4,330	4,256	4,273
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	934	747	1,167	1,345	2,401	2,154	2,068	2,037
Operating Margin	32.93%	28.7%	39.64%	41.59%	54.22%	49.74%	48.6%	47.67%
Earnings before Tax (EBT) ¹	645	-776	1,221	1,056	1,938	1,894	1,789	1,765
Net income ¹	386	-721	1,048	889	1,486	1,482	1,387	1,331
Net margin	13.61%	-27.7%	35.6%	27.49%	33.56%	34.23%	32.59%	31.16%
EPS ²	0.3590	-0.7240	0.9120	0.7660	1.401	1.439	1.447	1.547
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	0.0500	0.2100	0.6000	0.6414	0.6963	0.7432
Announcement Date	20-02-24	21-03-01	22-02-28	23-03-07	24-02-26	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	1,378	1,253	1,350	1,418	1,526	1,384	1,850	2,215	2,213	2,221	2,116	2,177	2,131
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	499	271	476	466	-	445	-	1,184	1,217	1,015	-	-	-
Operating Margin	36.21%	21.63%	35.26%	32.86%	-	32.15%	-	53.45%	54.99%	45.7%	-	-	-
Earnings before Tax (EBT) ¹	-	-822	46	406	-	335	-	1,000	913	933	-	-	-
Net income ¹	191	-757	36	337	-	275	-	791	695	750	-	-	-
Net margin	13.86%	-60.42%	2.67%	23.77%	-	19.87%	-	35.71%	31.41%	33.77%	-	-	-
EPS	-	-0.7050	-0.0190	0.2820	-	0.2260	-	0.7410	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	20-02-24	20-08-05	21-03-01	21-08-03	22-02-28	22-08-03	23-03-07	23-07-31	24-02-26	-	-	-	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	5.93%	-7.52%	10.1%	7.69%	-	12.8%	11.5%	11%
ROA (Net income/ Total Assets)	0.44%	-0.54%	0.68%	0.59%	-	1%	0.9%	0.87%
Assets ¹	87,767	132,818	154,118	150,678	-	148,546	154,566	152,927
Book Value Per Share ²	8.960	8.890	10.50	11.10	-	11.90	12.80	13.60
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	20-02-24	21-03-01	22-02-28	23-03-07	24-02-26	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Bank of Ireland Group plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9.848 EUR

Average target price

11.84 EUR

Spread / Average Target

+20.22%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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