Added to YB: 2024-07-31
Pitch date: 2024-07-30
ABN.AS [bullish]
ABN AMRO Bank N.V.
+94.89%
current return
Author Info
Bos Invest is a Dutch investor using fundamental analysis and a total return approach. Sign up for their newsletter.
Company Info
ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.
Market Cap
EUR 14.4B
Pitch Price
EUR 14.79
Price Target
19.33 (-33%)
Dividend
7.82%
EV/EBITDA
N/A
P/E
6.35
EV/Sales
N/A
Sector
Banks
Category
value
Buying ABN AMRO shares: Mediocre quality is attractive
ABN.AS: Dutch #3 bank, strong wealth mgmt. 5.2x P/E, 0.58x P/B. 12% ROE in '23, targeting 15-20%. 9.3% div yield + buybacks. NII up on higher rates. Fee income growing. Risks: low loan coverage, gov't selling stake. Upside from rate normalization, efficiency gains. 20% upside potential. Mediocre bank, great price.
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