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Kbc Ancora NV
XBRU:KBCA

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Kbc Ancora NV
XBRU:KBCA
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Price: 78 EUR 1.3%
Market Cap: €6B

P/OCF

18.8
Current
78%
More Expensive
vs 3-y average of 10.6

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
18.8
=
Market Cap
€5.8B
/
Operating Cash Flow
€319.3m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
18.8
=
Market Cap
€5.8B
/
Operating Cash Flow
€319.3m

Valuation Scenarios

Kbc Ancora NV is trading above its 3-year average

If P/OCF returns to its 3-Year Average (10.6), the stock would be worth €43.88 (44% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-48%
Maximum Upside
No Upside Scenarios
Average Downside
44%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 18.8 €78
0%
3-Year Average 10.6 €43.88
-44%
5-Year Average 11.5 €47.5
-39%
Industry Average 10.4 €43
-45%
Country Average 9.7 €40.42
-48%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
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Market Distribution

Higher than 82% of companies in Belgium
Percentile
82st
Based on 365 companies
82st percentile
18.8
Low
0.9 — 6.4
Typical Range
6.4 — 12.9
High
12.9 —
Distribution Statistics
Belgium
Min 0.9
30th Percentile 6.4
Median 9.7
70th Percentile 12.9
Max 647

Kbc Ancora NV
Glance View

Market Cap
6B EUR
Industry
Banking

KBC Ancora NV, a prominent player in Europe's financial landscape, is a listed company that holds a unique and strategic position within the KBC Group. Formed as part of a restructuring effort in the late 1990s, KBC Ancora acts as a cornerstone shareholder of KBC Group, the integrated bank-insurance group offering a wide range of financial services throughout Europe. KBC Ancora's primary role revolves around the holding and management of a substantial block of KBC Group shares, roughly 18.6% as of recent records. This holding establishes KBC Ancora not just as an investor, but as a key facilitator of stability and continuity within the Group due to its long-term investment strategy. KBC Ancora earns its revenue primarily through the dividends distributed by the shares it holds in KBC Group. By design, this model ensures that KBC Ancora's financial health is closely linked to the performance of the KBC Group. Any fluctuations in KBC Group's profitability, dividend policies, or overall market standing invariably ripple through to KBC Ancora's financial results. The company positions itself as a loyal, long-term investor, which provides the KBC Group with necessary protection against potential hostile takeovers. Further, it contributes to bolstering investor confidence by aligning its interests with those of other stakeholders within the group. As such, KBC Ancora stands as more than just a financial entity; it is a linchpin in maintaining the strategic stability and sustained growth of the KBC Group in the competitive financial sector.

KBCA Intrinsic Value
115.48 EUR
Undervaluation 32%
Intrinsic Value
Price €78
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