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Akcenta

Akcenta's net profit rose 169% yoy to CZK 60.9 mil in 2020

By Helgi Library - August 23, 2021

Akcenta made a net profit of CZK 60.9 mil under revenues of CZK 289 mil in 2020, up 169% and 38.0% respectively compared to the previ...

Akcenta's net profit rose 169% yoy to CZK 60.9 mil in 2020

By Helgi Library - August 23, 2021

Akcenta made a net profit of CZK 60.9 mil under revenues of CZK 289 mil in 2020, up 169% and 38.0% respectively compared to the previ...

Akcenta's total revenues rose 12.1% yoy to CZK 225 mil in 2018

By Helgi Library - August 23, 2021

Akcenta generated total banking revenues of CZK 225 mil in 2018, up 12.1% compared to the previous year. Czech banking sec...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 0.096 -0.432 -0.682
Net Fee Income CZK mil -0.131 -7.12 -6.93
Other Income CZK mil 225 217 297
Total Revenues CZK mil 225 210 289
Staff Cost CZK mil 96.3 78.3 95.0
Operating Profit CZK mil 28.2 30.3 90.3
Provisions CZK mil -17.9 1.68 13.6
Net Profit CZK mil 36.2 22.6 60.9
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 1,330 1,640 2,164
Customer Loans CZK mil 19.1 12.0 14.0
Investments CZK mil 9.70 9.70 14.9
Total Assets CZK mil 1,442 1,759 2,398
Shareholders' Equity CZK mil 154 150 207
Interbank Borrowing CZK mil 1.81 0 0.012
Customer Deposits CZK mil 1,213 1,528 2,003
Issued Debt Securities CZK mil 0 0 0
Ratios 2018 2019 2020
ROE % 25.0 14.9 34.1
ROA % 2.36 1.41 2.93
Costs (As % Of Assets) % 12.8 11.2 9.58
Costs (As % Of Income) % 87.5 85.5 68.8
Capital Adequacy Ratio % 11.9 11.4 10.4
Net Interest Margin % 0.006 -0.027 -0.033
Loans (As % Of Deposits) % 1.57 0.788 0.700
Valuation 2018 2019 2020
Market Capitalisation USD mil 21.8 21.7 22.9
Number Of Shares mil 1.00 1.00 1.00
Share Price CZK 490 490 490
Price/Earnings (P/E) 13.5 21.7 8.05
Price/Book Value (P/BV) 3.19 3.27 2.37
Dividend Yield % 5.44 0.738 ...
Earnings Per Share (EPS) CZK 36.2 22.6 60.9
Book Value Per Share CZK 154 150 207
Dividend Per Share CZK 26.7 3.62 ...

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                          
Net Interest Income CZK mil ... ... ...       0.222 0.345 -0.128 0.717 0.096    
Total Revenues CZK mil             112 157 187 200 225    
Operating Profit CZK mil ... ... ...       3.62 36.2 45.6 55.3 28.2    
Net Profit CZK mil ... ... ...       6.61 26.4 29.0 28.2 36.2    
balance sheet                          
Interbank Loans CZK mil ... ... ...       625 867 1,037 1,495 1,330    
Customer Loans CZK mil ... ... ...       5.17 12.5 11.1 18.7 19.1    
Investments CZK mil ... ... ...       0 0 0 9.70 9.70    
Total Assets CZK mil             658 1,105 1,106 1,627 1,442    
                             
Shareholders' Equity CZK mil ... ... ...       87.4 101 125 136 154    
Interbank Borrowing CZK mil ... ... ...       0 10.0 8.95 161 1.81    
Customer Deposits CZK mil ... ... ...       544 769 929 1,233 1,213    
Issued Debt Securities CZK mil ... ... ...       0 0 0 0 0    
ratios                          
ROE % ... ... ... ...     7.86 28.0 25.6 21.6 25.0    
ROA % ... ... ...       0.976 2.99 2.63 2.06 2.36    
Costs (As % Of Assets) % ... ... ...       15.9 13.7 12.8 10.6 12.8    
Costs (As % Of Income) % ... ... ...       96.8 76.9 75.6 72.4 87.5    
Capital Adequacy Ratio % ... ... ...       14.9 12.6 12.2 11.4 11.9    
Net Interest Margin % ... ... ...       0.033 0.039 -0.012 0.052 0.006    
Interest Income (As % Of Revenues) % ... ... ...       0.199 0.220 -0.069 0.358 0.043    
Fee Income (As % Of Revenues) % ... ... ...       0.322 0.570 -0.025 -0.248 -0.058    
Staff Cost (As % Of Total Cost) % ... ... ...       40.2 41.3 40.5 40.2 49.0    
Equity (As % Of Assets) % ... ... ...       13.3 9.16 11.3 8.35 10.7    
Loans (As % Of Deposits) % ... ... ...       0.951 1.62 1.19 1.52 1.57    
Loans (As % Assets) % ... ... ...       0.786 1.13 0.999 1.15 1.32    
valuation                          
Market Capitalisation USD mil ... ... ... ... ... ... 21.4 19.7 19.1 23.0 21.8    
Number Of Shares mil ... ... ... ... ... ... 1.00 1.00 1.00 1.00 1.00    
Share Price CZK ... ... ... ... ... ... 490 490 490 490 490    
Earnings Per Share (EPS) CZK ... ... ... ... ... ... 6.61 26.4 29.0 28.2 36.2    
Book Value Per Share CZK ... ... ... ... ... ... 87.4 101 125 136 154    
Dividend Per Share CZK ... ... ... ... ... ... 6.60 14.0 15.0 18.0 26.7   ...
Price/Earnings (P/E) ... ... ... ... ... ... 74.1 18.6 16.9 17.4 13.5    
Price/Book Value (P/BV) ... ... ... ... ... ... 5.61 4.84 3.91 3.61 3.19    
Dividend Yield % ... ... ... ... ... ... 1.35 2.86 3.06 3.67 5.44   ...
Earnings Per Share Growth % ... ... ... ... ... ... ... 299 10.1 -2.88 28.3    
Book Value Per Share Growth % ... ... ... ...     -17.2 15.9 23.8 8.45 13.2    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                          
Interest Income CZK mil ... ... ...       0.267 0.541 0.352 0.865 0.360    
Interest Cost CZK mil ... ... ...       0.045 0.196 0.480 0.148 0.264    
Net Interest Income CZK mil ... ... ...       0.222 0.345 -0.128 0.717 0.096    
Net Fee Income CZK mil ... ... ...       0.359 0.894 -0.046 -0.497 -0.131    
Fee Income CZK mil ... ... ...       10.6 12.1 12.8 13.7 16.0    
Fee Expense CZK mil ... ... ...       10.3 11.2 12.9 14.2 16.2    
Other Income CZK mil ... ... ...       111 156 187 200 225    
Total Revenues CZK mil             112 157 187 200 225    
Staff Cost CZK mil ... ... ...       43.4 49.8 57.2 58.3 96.3    
Depreciation CZK mil ... ... ...       6.80 2.89 2.50 2.46 1.77    
Other Cost CZK mil ... ... ...       57.7 67.9 81.4 84.2 98.3    
Operating Cost CZK mil ... ... ...       108 121 141 145 196    
Operating Profit CZK mil ... ... ...       3.62 36.2 45.6 55.3 28.2    
Provisions CZK mil ... ... ...       -5.88 1.61 10.5 19.6 -17.9    
Extra and Other Cost CZK mil ... ... ...       0.002 0 0 0 0    
Pre-Tax Profit CZK mil ... ... ...       9.50 34.6 35.1 35.8 46.1    
Tax CZK mil ... ... ...       2.89 8.25 6.05 7.57 9.87    
Minorities CZK mil ... ... ...       0 0 0 0 0    
Net Profit CZK mil ... ... ...       6.61 26.4 29.0 28.2 36.2    
Net Profit Avail. to Common CZK mil             6.61 26.4 29.5 28.2 36.2    
Dividends CZK mil ... ... ...       6.60 14.0 15.0 18.0 26.7   ...
growth rates                          
Net Interest Income Growth % ... ... ... ...     -17.2 55.4 -137 -660 -86.6    
Net Fee Income Growth % ... ... ... ...     -69.3 149 -105 980 -73.6    
Total Revenue Growth % ...           -3.07 40.6 19.1 7.23 12.1    
Operating Cost Growth % ... ... ... ...     7.86 11.7 17.0 2.68 35.5    
Operating Profit Growth % ... ... ... ...     -75.9 899 25.9 21.3 -49.1    
Pre-Tax Profit Growth % ... ... ... ...     12.5 264 1.37 1.95 28.8    
Net Profit Growth % ... ... ... ...     -1.14 299 10.1 -2.88 28.3    
market share                          
Market Share in Revenues %             0.066 0.090 0.104 0.112 0.118    
Market Share in Net Profit % ... ... ...       0.010 0.040 0.039 0.037 0.044    
Market Share in Employees % ... ... ...       0.161 0.163 0.190 0.189 0.205    
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                          
Cash & Cash Equivalents CZK mil ... ... ...       0.056 0.100 0.064 0.103 0.124    
Interbank Loans CZK mil ... ... ...       625 867 1,037 1,495 1,330    
Customer Loans CZK mil ... ... ...       5.17 12.5 11.1 18.7 19.1    
Investments CZK mil ... ... ...       0 0 0 9.70 9.70    
Property and Equipment CZK mil ... ... ...       0.532 14.8 27.0 4.42 5.08    
Intangible Assets CZK mil ... ... ...       7.15 10.4 12.3 15.0 15.9    
Total Assets CZK mil             658 1,105 1,106 1,627 1,442    
                             
Shareholders' Equity CZK mil ... ... ...       87.4 101 125 136 154    
Of Which Minority Interest CZK mil ... ... ...       0 0 0 0 0    
Liabilities CZK mil ... ... ...       570 1,004 980 1,492 1,288    
Interbank Borrowing CZK mil ... ... ...       0 10.0 8.95 161 1.81    
Customer Deposits CZK mil ... ... ...       544 769 929 1,233 1,213    
Sight Deposits CZK mil ... ... ...       544 769 929 1,233 1,213    
Term Deposits CZK mil ... ... ...       0 0 0 0 0    
Issued Debt Securities CZK mil ... ... ...       0 0 0 0 0    
Subordinated Debt CZK mil ... ... ...       0 0 0 0 0    
Other Liabilities CZK mil ... ... ...       26.3 224 42.6 97.5 72.9    
asset quality                          
Gross Loans CZK mil ... ... ... ... ... ... ... ... ... ... ...    
Total Provisions CZK mil ... ... ... ... ... ... ... ... ... ... ...    
growth rates                          
Customer Loan Growth % ... ... ... ...     59.9 141 -11.3 69.6 1.86    
Total Asset Growth % ...           -5.61 68.0 0.091 47.2 -11.4    
Shareholders' Equity Growth % ... ... ... ...     8.18 15.9 23.8 8.45 13.2    
Customer Deposit Growth % ... ... ... ...     -2.26 41.4 20.8 32.7 -1.57    
market share                          
Market Share in Customer Loans % ... ... ...       < 0.001 < 0.001 < 0.001 < 0.001 < 0.001    
Market Share in Total Assets %             0.012 0.020 0.019 0.023 0.020    
Market Share in Customer Deposits % ... ... ...       0.016 0.022 0.025 0.030 0.027    
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                           
ROE % ... ... ... ...     7.86 28.0 25.6 21.6 25.0    
ROTE % ... ... ... ...     8.74 30.8 28.5 24.1 28.0    
ROA % ... ... ...       0.976 2.99 2.63 2.06 2.36    
Return on Loans % ... ... ...       157 299 247 189 191    
operating profit (as % of rwa)                          
Costs (As % Of Assets) % ... ... ...       15.9 13.7 12.8 10.6 12.8    
Costs (As % Of Income) % ... ... ...       96.8 76.9 75.6 72.4 87.5    
Costs (As % Of Loans) % ... ... ... ...     2,569 1,368 1,200 973 1,038    
Costs (As % Of Loans & Deposits) % ... ... ... ...     19.5 18.1 16.4 13.2 15.8    
Capital Adequacy Ratio % ... ... ...       14.9 12.6 12.2 11.4 11.9    
Tier 1 Ratio % ... ... ...       14.9 12.6 12.2 11.4 11.9    
Net Interest Margin % ... ... ...       0.033 0.039 -0.012 0.052 0.006    
Interest Spread % ... ... ... ...     0.032 0.036 -0.017 0.051 0.004    
Asset Yield % ... ... ...       0.039 0.061 0.032 0.063 0.023    
revenues (as % of rwa)                          
Cost Of Liabilities % ... ... ... ...     0.008 0.025 0.048 0.012 0.019    
Payout Ratio % ... ... ...       99.9 53.1 51.7 63.8 73.7   ...
Interest Income (As % Of Revenues) % ... ... ...       0.199 0.220 -0.069 0.358 0.043    
Fee Income (As % Of Revenues) % ... ... ...       0.322 0.570 -0.025 -0.248 -0.058    
Other Income (As % Of Revenues) % ... ... ...       99.5 99.2 100 99.9 100    
Staff Cost (As % Of Total Cost) % ... ... ...       40.2 41.3 40.5 40.2 49.0    
Equity (As % Of Assets) % ... ... ...       13.3 9.16 11.3 8.35 10.7    
Equity (As % Of Loans) % ... ... ...       1,689 812 1,134 725 806    
Loans (As % Of Deposits) % ... ... ...       0.951 1.62 1.19 1.52 1.57    
Loans (As % Assets) % ... ... ...       0.786 1.13 0.999 1.15 1.32    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ...    
Cost of Provisions (As % Of Loans) % ... ... ... ...     -140 18.3 89.5 131 -94.5    
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                           
Employees ... ... ...       65.0 67.0 78.0 79.0 86.0    
Cost Per Employee USD per month ... ... ...       2,604 2,593 2,422 2,620 4,265    
Cost Per Employee (Local Currency) CZK per month ... ... ...       55,656 61,903 61,123 61,477 93,318    
customer breakdown Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                           
Customers mil ... ... ...       0.025 0.027 0.030 0.033 0.036    
                             
Market Value per Customer (Local Currency) CZK ... ... ... ... ... ... 19,302 18,357 16,526 14,849 13,611    
Revenue per Customer (Local Currency) CZK ... ... ...       4,395 5,875 6,297 6,067 6,237    
Net Profit per Customer (Local Currency) CZK ... ... ...       260 988 979 854 1,005    
Loan per Customer (Local Currency) CZK ... ... ...       204 467 373 568 530    
Deposit per Customer (Local Currency) CZK ... ... ...       21,423 28,816 31,329 37,355 33,703    
Market Value per Customer USD ... ... ... ... ... ... 842 739 645 697 606    
Revenue per Customer USD ... ... ...       206 246 250 259 285    
Net Profit per Customer USD ... ... ...       12.2 41.4 38.8 36.4 45.9    
Loan per Customer USD ... ... ...       8.89 18.8 14.5 26.7 23.6    
Deposit per Customer USD ... ... ...       935 1,161 1,222 1,754 1,500    
Client Transactions Turnover CZK mil ... ... ... ... ...   53,000 91,000 132,600 140,400 180,000 ... ...
Transactions Turnover per Client CZK mil ... ... ... ... ...   2.09 3.41 4.47 4.25 5.00 ... ...
Number of Transactions '000 ... ... ... ... ... ... 134 146 164 189 ... ... ...
Average Size of Transaction CZK mil ... ... ... ... ... ... 0.395 0.624 0.807 0.743 ... ... ...
Margin on Client Transactions % ... ... ... ... ...   0.209 0.171 0.141 0.142 0.125 ... ...

Get all company financials in excel:

Download Sample   $19.99

Akcenta's customer deposits rose 31.1% yoy to CZK 2,003 mil in 2020

By Helgi Library - August 23, 2021

Akcenta's customer deposits reached CZK 2,003 mil in 2020, up 31.1% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,162 bil in 2020, up 8.92% when compared to the last year. Akcenta accounted for 0.039% of all custo...

Akcenta's total revenues rose 12.1% yoy to CZK 225 mil in 2018

By Helgi Library - August 23, 2021

Akcenta generated total banking revenues of CZK 225 mil in 2018, up 12.1% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 190,399 mil in 2018, up 6.26% when compared to the last year. As a resul...

Akcenta's customer deposits rose 31.1% yoy to CZK 2,003 mil in 2020

By Helgi Library - August 23, 2021

Akcenta's customer deposits reached CZK 2,003 mil in 2020, up 31.1% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,162 bil in 2020, up 8.92% when compared to the last year. Akcenta accounted for 0.039% of all custo...

Akcenta's net interest margin fell 21.6% yoy to -0.033% in 2020

By Helgi Library - August 23, 2021

Akcenta's net interest margin amounted to -0.033% in 2020, down from -0.027% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 0.052% in 2017 and an all time low of -0.033% in 2020. The average margi...

Akcenta's net interest margin fell 21.6% yoy to -0.033% in 2020

By Helgi Library - August 23, 2021

Akcenta's net interest margin amounted to -0.033% in 2020, down from -0.027% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 0.052% in 2017 and an all time low of -0.033% in 2020. The average margi...

Akcenta's capital adequacy ratio fell 8.76% yoy to 10.4% in 2020

By Helgi Library - August 23, 2021

Akcenta's capital adequacy ratio reached 10.4% at the end of 2020, down from 11.4% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 25.0% in 2011 and an all time low of 10.4% in 2020. The Tier 1 ratio amounted to ...

Akcenta's capital adequacy ratio fell 8.76% yoy to 10.4% in 2020

By Helgi Library - August 23, 2021

Akcenta's capital adequacy ratio reached 10.4% at the end of 2020, down from 11.4% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 25.0% in 2011 and an all time low of 10.4% in 2020. The Tier 1 ratio amounted to ...

Akcenta's net interest income fell 57.9% yoy to CZK -0.682 mil in 2020

By Helgi Library - August 23, 2021

Akcenta generated total banking revenues of CZK 289 mil in 2020, up 38% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of CZK 289 mil in 2020 and an all time lo...

Akcenta's net interest income fell 57.9% yoy to CZK -0.682 mil in 2020

By Helgi Library - August 23, 2021

Akcenta generated total banking revenues of CZK 289 mil in 2020, up 38% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of CZK 289 mil in 2020 and an all time lo...

Akcenta's customer loans rose 16.5% yoy to CZK 14.0 mil in 2020

By Helgi Library - August 23, 2021

Akcenta's customer loans reached CZK 14.0 mil in 2020, up 16.5% compared to the previous year. Czech banking sector provided customer loans of CZK 3,596 bil in 2020, up 4.20% when compared to the last year. Akcenta accounted for < 0.001% of all custome...

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Finance

Akcenta has been growing its revenues and asset by 13.1% and 13.8% a year on average in the last 3 years. Its loans and deposits have grown by -9.22% and 17.6% a year during that time and loans to deposits ratio reached 0.700% at the end of 2020. The company achieved an average return on equity of 24.7% in the last three years with net profit growing 29.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 68.8% in 2020, compared to 80.6% average in the last three years.

Equity represented 8.64% of total assets or 1,477% of loans at the end of 2020. Akcenta's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2020.

Valuation

Akcenta stock traded at per share at the end of 2020 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 24.7% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 8.05x and price to book value (PBV) of 2.37x in 2020.