Professional
Added to YB: 2025-02-17
Pitch date: 2025-01-26
PTSB.L [bullish]
Permanent TSB Group Holdings plc
+96.3%
current return
Author Info
No bio for this author
Company Info
Permanent TSB Group Holdings plc operates in the retail, and small and medium sized enterprises (SME) banking sectors in the Republic of Ireland.
Market Cap
EUR 773.9M
Pitch Price
EUR 1.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
52.59
EV/Sales
N/A
Sector
Banks
Category
value
Brennan Asset Management Portfolio Holding: Permanent TSB Group Holdings plc
PTSB.L: Irish bank facing NIM pressure & cost issues. Potential 500 job cuts could save €35M. Basel IV rules to boost CET1 to 15.5-15.7%. Excess capital ~20% of market cap. Density review completion in 2025 could free up 70% of market cap. Strong Irish economy. Possible NatWest share offering to increase liquidity. Trading at <40% tangible book value.
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