Company Overview
Alandsbanken is a Finnish public company that operates as a commercial bank with a total of 11 offices in Finland and Sweden. The Bank provides a range of banking services to its customers, including deposit accounts, loans, and investment products. Ålandsbanken's primary mission is to provide personalized advisory services to its customers while maintaining a strong focus on sustainability and social responsibility. The company's core values include a commitment to trust, excellence, and customer satisfaction. By leveraging its expertise in financial services and technology, Ålandsbanken aims to create long-term value for its customers and stakeholders.
Primary Mission
Alandsbanken's primary mission is to provide personalized advisory services to its customers while maintaining a strong focus on sustainability and social responsibility. The company strives to build trust with its customers by offering tailored solutions that meet their individual needs. By doing so, Ålandsbanken aims to create long-term value for its customers and stakeholders.
Core Values
Alandsbanken's core values include:
- Trust: Ålandsbanken is committed to building trust with its customers by offering transparent and personalized services.
- Excellence: The company strives for excellence in all aspects of its operations, from customer service to financial management.
- Customer Satisfaction: Ålandsbanken's primary focus is on delivering exceptional customer experiences that meet the evolving needs of its customers.
Key Products/Services
Alandsbanken offers a range of banking services, including:
- Deposit Accounts: The company provides various deposit accounts with competitive interest rates and flexible terms.
- Loans: Ålandsbanken offers personal and business loans with favorable terms and conditions.
- Investment Products: The company provides investment products, including mutual funds and exchange-traded funds (ETFs), that cater to the diverse needs of its customers.
Alandsbanken's investment products are designed to provide long-term value for its customers while minimizing risk. By leveraging its expertise in financial services and technology, the company aims to create sustainable returns on investment for its customers.
Benefits
The benefits of Ålandsbanken's key products/services include:
- Personalized Advisory Services: The company's tailored solutions meet the individual needs of its customers, providing a more personalized experience.
- Competitive Interest Rates: Ålandsbanken offers competitive interest rates on its deposit accounts, making it an attractive option for savers.
- Favorable Terms and Conditions: The company's loans and investment products come with favorable terms and conditions that cater to the diverse needs of its customers.
By investing in Ålandsbanken, investors can tap into the company's growth potential while benefiting from its commitment to sustainability and social responsibility. With a strong focus on customer satisfaction and excellence, Ålandsbanken is well-positioned for long-term success in the financial services industry.
Valuation
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Number of Shares (million) | 15.5 | 15.3 | 15.4 | 15.4 | 15.4 | 15.4 | 15.4 |
| Target Valuation (MEur) | 892.7 | 866.9 | 781.6 | 743.6 | 734.5 | 763.7 | 763.7 |
| Targer Price | 57.46 | 56.51 | 50.86 | 48.36 | 47.77 | 49.66 | 49.66 |
| Potential, % | 58.7 | 82.3 | 53.7 | 7.2 | 10.3 | 14.7 | 14.7 |
| Recommendation | Buy | Buy | Buy | Hold | Hold | Hold | Hold |
| MCAP (MEur) | 562.4 | 475.6 | 508.6 | 693.5 | 665.8 | 665.8 | 665.8 |
| Price | 36.2 | 31.0 | 33.1 | 45.1 | 43.3 | 43.3 | 43.3 |
| EV | 562.0 | 476.0 | 509.0 | 694.0 | 666.0 | 666.0 | 666.0 |
| P/S | 3.06 | 2.35 | 2.36 | 3.15 | 3.05 | 3.1 | 3.18 |
| EV/S | 3.06 | 2.35 | 2.36 | 3.15 | 3.05 | 3.1 | 3.18 |
| EV/EBIT | 10.77 | 7.44 | 7.37 | 10.11 | 10.67 | 10.09 | 10.4 |
| P/E | 15.33 | 9.77 | 9.71 | 12.72 | 13.33 | 12.61 | 13.0 |
| P/B | 1.95 | 1.55 | 1.66 | 2.13 | 1.85 | 1.61 | 1.43 |
| P/OCF | -1.17 | 7.8 | 58.47 | -210.15 | -17.62 | -3.75 | -7.99 |
| EV/OCF | -1.17 | 7.8 | 58.47 | -210.15 | -17.62 | -3.75 | -7.99 |
| P/FCF | -1.13 | 9.44 | -49.87 | -22.74 | -5.53 | -3.46 | -6.79 |
| EV/FCF | -1.13 | 9.44 | -49.87 | -22.74 | -5.53 | -3.46 | -6.79 |
Income Statement
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Revenue | 184.1 | 202.3 | 215.6 | 220.3 | 218.2 | 214.8 | 209.6 |
| Rev. Growth, % | 4.6 | 9.9 | 6.6 | 2.2 | -1.0 | -1.6 | -2.4 |
| Ebit | 52.2 | 63.9 | 69.0 | 68.6 | 62.4 | 66.0 | 64.0 |
| Ebit Growth, % | -3.7 | 22.4 | 8.0 | -0.6 | -9.0 | 5.8 | -3.0 |
| Ebit, % | 28.4 | 31.6 | 32.0 | 31.1 | 28.6 | 30.7 | 30.5 |
| Profit | 36.7 | 48.7 | 52.4 | 54.5 | 49.9 | 52.8 | 51.2 |
| EPS | 2.36 | 3.17 | 3.41 | 3.54 | 3.25 | 3.43 | 3.33 |
| Profit Growth, % | -7.8 | 32.7 | 7.6 | 4.0 | -8.4 | 5.8 | -3.0 |
| Profit, % | 19.9 | 24.1 | 24.3 | 24.7 | 22.9 | 24.6 | 24.4 |
Balance Sheet
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Acc. Receivable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Cash | 329.0 | 343.4 | 285.7 | 244.3 | 201.9 | 9.6 | -88.5 |
| Equity | 288.0 | 306.0 | 307.0 | 325.0 | 360.2 | 413.0 | 464.2 |
| ROE, % | 12.7 | 15.9 | 17.1 | 16.8 | 13.9 | 12.8 | 11.0 |
| ROCE, % | 8.5 | 9.8 | 11.6 | 12.0 | 11.1 | 15.6 | 17.0 |
| Net Debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Gearing, % | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Equity ratio, % | 4.9 | 5.7 | 6.2 | 6.3 | 7.0 | 8.1 | 9.0 |
| Acc. Payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Assets | 5898.0 | 5342.0 | 4925.0 | 5173.0 | 5130.0 | 5130.0 | 5130.0 |
| ROA, % | 0.6 | 0.9 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 |
Cash Flow
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -478.7 | 61.0 | 8.7 | -3.3 | -37.8 | -177.5 | -83.3 |
| Investment Cash Flow | -17.2 | -10.6 | -18.9 | -27.2 | -82.6 | -14.8 | -14.8 |
| Free Cash Flow | -495.9 | 50.4 | -10.2 | -30.5 | -120.4 | -192.3 | -98.1 |
| OCF/CAPEX | 0.0 | 5.75 | 0.46 | 0.0 | 0.0 | 0.0 | 0.0 |
| Financial Cash Flow | -49.6 | -36.1 | -46.1 | -17.4 | 243.4 | 0.0 | 0.0 |
Disclaimer
Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
The data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
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