Aktia Bank
9.15
EUR
+0.22 %
AKTIA
NASDAQ Helsinki
Banks
Financials
8,774 following
+0.22%
-2.24%
-2.24%
-3.99%
-2.87%
-0.22%
-23.62%
+1.67%
+66.36%
www.aktia.com/en
Aktia Bank offers banking services. The company is a Nordic financial company and offers financial services, asset management, insurance, and real estate brokerage. A large part of the services are offered via the company's network services and are offered to both private and corporate customers in most sectors. The largest presence is in the Finnish market. The company is headquartered in Helsinki.
P/E (adj.) (24e)
6.94
ROE-% (24e)
14.03 %
P/B (24e)
0.95
Dividend yield-% (24e)
9.21 %
Target price
10.50 EUR
Recommendation
Accumulate
Updated
6.11.2024
NASDAQ Helsinki
AKTIA
Daily low / high price
9.09 / 9.2
EUR
Market cap
667.78M EUR
Turnover
221.17K EUR
Volume
24K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Kasper Mellas
Analyst
Latest videos
Financial calendar
Annual report
12.02.2025
General meeting
03.04.2025
Interim report
07.05.2025
Interim report
05.08.2025
Interim report
06.11.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Operating income | 201.1 | 263.8 | 302.9 | 287.4 | 302.3 | 303.8 | 301.7 | 309.3 |
| growth-% | -9.2 % | 31.2 % | 14.8 % | -5.1 % | 5.2 % | 0.5 % | -0.7 % | 2.5 % |
| Operating expenses | -142.2 | -174.3 | -169.4 | -176.6 | -176.2 | -180.9 | -186.0 | |
| Credit loss | -4.0 | -4.5 | -10.2 | -7.0 | -8.4 | -9.5 | -7.1 | |
| EBIT (adj.) | 55.0 | 87.5 | 124.7 | 104.7 | 119.3 | 113.4 | 108.6 | 111.7 |
| EBIT | 54.7 | 84.6 | 123.5 | 102.6 | 117.7 | 113.4 | 108.6 | 111.7 |
| Net income | 42.6 | 66.8 | 98.3 | 81.3 | 94.6 | 90.7 | 86.9 | 89.4 |
| EPS (adj.) | 0.62 | 0.99 | 1.38 | 1.15 | 1.32 | 1.24 | 1.18 | 1.21 |
| growth-% | -21.9 % | 60.2 % | 40.0 % | -16.6 % | 14.4 % | -6.1 % | -4.6 % | 2.4 % |
| Dividend | 0.43 | 0.56 | 0.43 | 0.70 | 0.84 | 0.81 | 0.77 | 0.79 |
| Dividend ratio | 70.2 % | 60.2 % | 31.5 % | 62.5 % | 65.0 % | 65.0 % | 65.0 % | 65.0 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Cost to income-% | 70.7 % | 66.1 % | 55.9 % | 61.5 % | 58.3 % | 59.6 % | 61.7 % | |
| ROA | 0.4 % | 0.6 % | 0.8 % | 0.7 % | 0.8 % | 0.7 % | 0.7 % | 0.7 % |
| ROE | 6.7 % | 9.9 % | 15.6 % | 13.2 % | 14.0 % | 12.7 % | 11.7 % | 11.6 % |
| ROE tangible | 7.4 % | 11.4 % | 18.9 % | 16.0 % | 16.8 % | 15.1 % | 21.5 % | |
| Dividend yield | 4.6 % | 4.6 % | 4.2 % | 7.4 % | 9.2 % | 8.8 % | 8.4 % | 8.6 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 9.45 | 12.28 | 10.22 | 9.42 | 9.15 | 9.15 | 9.15 | 9.15 |
| Shares | 69.6 | 71.8 | 72.0 | 72.6 | 72.9 | 73.2 | 73.5 | 73.8 |
| Market cap | 657.5 | 881.7 | 735.8 | 684.3 | 667.4 | 670.2 | 672.9 | 675.7 |
| Enterprise value | 874.1 | 1,168.8 | 1,034.9 | 894.1 | 852.5 | 824.5 | 797.9 | 766.2 |
| P/E (adj.) | 15.3 | 12.4 | 7.4 | 8.2 | 6.9 | 7.4 | 7.7 | 7.6 |
| P/B | 1.0 | 1.3 | 1.3 | 1.1 | 1.0 | 0.9 | 0.9 | 0.9 |
| P/B tangible | 1.08 | 1.56 | 1.55 | 1.27 | 1.14 | 1.09 | 3.51 | - |
| Dividend yield | 4.6 % | 4.6 % | 4.2 % | 7.4 % | 9.2 % | 8.8 % | 8.4 % | 8.6 % |
| Common equity-% (CET1) | 14.0 % | 11.2 % | 9.0 % | 11.2 % | 12.4 % | 13.0 % | 13.6 % | |
| Equity ratio | 6.3 % | 6.3 % | 5.2 % | 5.9 % | 6.3 % | 6.4 % | 6.5 % | 6.6 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Operating income | 74.4 | 287.4 | 77.3 | 76.7 | 76.1 | 72.2 | 302.3 | ||
| EBIT | 24.5 | 102.6 | 33.3 | 30.1 | 31.2 | 23.1 | 117.7 | ||
| Net income | 19.8 | 81.3 | 27.3 | 24.1 | 24.7 | 18.5 | 94.6 | ||
| EPS (adj.) | 0.29 | 1.15 | 0.38 | 0.34 | 0.34 | 0.25 | 1.32 |
ShowingAll content types
Aktia Bank Plc: Managers’ Transactions – Juha Hammarén
Aktia Bank Plc: Managers’ Transactions – Karri Varis
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Aktia Bank Plc: Managers’ Transactions – Kati Eriksson
Aktia Q3'24: Interest income down, but profitability maintained
Aktia Pankki Oyj, Webcast, Q3'24
Aktia Q3'24 flash comment: Insurance and cost control led to significant forecast beat
Aktia Bank Plc’s directed share issue as a part of the long-term share savings plan
Aktia Bank Plc’s Interim Report January–September 2024: Stable quarterly result and positive trend in asset management
Aktia’s financial calendar and Annual General Meeting in 2025
Aktia Q3'24 preview: Falling interest rates are starting to show up in the numbers
Modular Finance IR Consensus: Aktia Bank Plc – Consensus estimates Q3 2024
Aktia's interim report for January–September will be published on Wednesday 6 November 2024 at 8.00 a.m.
Changes in the number of own shares held by Aktia Bank Plc
SEB initiates coverage of Aktia and publishes initiation analysis
Change in Aktia’s Executive Committee: Karri Varis appointed interim Chief Financial Officer at Aktia
Aktia Bank Plc: Managers’ Transactions – Matts Rosenberg
Aktia Q2'24: The year continued as expected
