` KB9 (KBC Ancora BV) vs DAX Index Comparison - Alpha Spread

KB9
vs
D
DAX Index

Over the past 12 months, KB9 has significantly outperformed DAX Index, delivering a return of +52% compared to the DAX Index's +19% growth.

Stocks Performance
KB9 vs DAX Index

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KB9
DAX Index
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Performance Gap
KB9 vs DAX Index

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KB9
DAX Index
Difference
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Performance By Year
KB9 vs DAX Index

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KB9
DAX Index
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Competitors Performance
KBC Ancora BV vs Peers

DAX Index
KB9
JPM
BAC
601398
601288
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KBC Ancora BV
Glance View

Market Cap
5.6B EUR
Industry
Banking

KBC Ancora BV operates as a unique player within the financial landscape, effectively anchoring itself as a cornerstone shareholder in KBC Group. Established with the strategic purpose of maintaining stability and continuity within its holdings, KBC Ancora stands out by holding a significant stake—around 18%—in KBC Group, one of the largest Belgian financial institutions. This structure is designed to promote a stable shareholding base for the KBC Group and foster long-term value creation, ensuring that the company's strategic objectives are aligned and preserved across business cycles. KBC Ancora derives its primary income from dividends distributed by the KBC Group. The dividends are paid annually, and KBC Ancora essentially acts as a pass-through entity—receiving dividends from KBC Group and using the bulk of this income to distribute its own dividends to shareholders, after covering costs such as interest expenses. Financially, KBC Ancora's model relies heavily on the performance and policies of KBC Group. As such, KBC Ancora's financial health and ability to generate returns for its shareholders are intricately linked with KBC Group's ability to generate profits and its decision to share those profits with shareholders. This interconnected relationship means KBC Ancora operates with a relatively straightforward business model but requires strategic oversight to safeguard and promote shareholder interests. By maintaining its large stake, KBC Ancora helps stabilize KBC Group's shareholder structure, contributing to the strength and resilience of the financial group it supports. KBC Ancora’s approach exemplifies a focused investment strategy, anchored by its long-term commitment to holding a significant stake, which is a testament to its role in fostering sustainable value creation.

KB9 Intrinsic Value
80.07 EUR
Undervaluation 10%
Intrinsic Value
Price
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