KBC Stock Analysis: KBC Groep | BR
Banks - Regional | BR, Belgium | Market Cap: 47.403m EUR | 12M Return: 43% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 39.5M
EPS Trend: 53.0%
Qual. Beats: 0
Rev. Trend: 7.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
KBC Group NV is a Belgian financial services company that provides banking, insurance, and asset management services primarily across Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia. Its offerings span deposits, mortgage and consumer loans, life and non-life insurance, investment funds, corporate finance, payments, and leasing, as well as digital and mobile banking channels. The company also operates ancillary businesses including software and driving school/roadside assistance. It serves retail, private banking, SME, and mid-cap clients, and is headquartered in Brussels.
As a diversified bank under the GICS classification, KBC operates a bancassurance model, distributing insurance products through its banking network, an approach common among large European financial groups. Its geographic footprint is concentrated in Central and Eastern Europe, where it holds significant market positions in several of its core markets, complementing its domestic Belgian franchise.
- Czech net interest margins remain core earnings driver
- Belgian mortgage demand recovers amid rate cuts
- Share buyback program accelerates capital return to shareholders
| Net Income: 3.58b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -2.21 > 1.0 |
| NWC/Revenue: -1.05k% < 20% (prev -908.9%; Δ -141.7% < -1%) |
| CFO/TA -0.02 > 3% & CFO -9.15b > Net Income 3.58b |
| Net Debt (37.4b) to EBITDA (5.05b): 7.40 < 3 |
| Current Ratio: 0.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (397.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 52.36% > 18% (prev 45.85%; Δ 6.51% > 0.5%) |
| Asset Turnover: 6.19% > 50% (prev 6.52%; Δ -0.33% > 0%) |
| Interest Coverage Ratio: 0.41 > 6 (EBIT TTM 4.62b / Interest Expense TTM 11.3b) |
| A: -0.64 (Total Current Assets 22.7b - Total Current Liabilities 275b) / Total Assets 397b |
| B: 0.05 (Retained Earnings 18.1b / Total Assets 397b) |
| C: 0.01 (EBIT TTM 4.62b / Avg Total Assets 389b) |
| D: 0.07 (Book Value of Equity 25.7b / Total Liabilities 371b) |
| Altman-Z'' = -3.87 = D |
| DSRI: 0.10 (Receivables 146.0m/3.05b, Revenue 24.0b/24.8b) |
| GMI: 0.88 (GM 45.85% / 52.36%) |
| AQI: 1.03 (AQ_t 0.93 / AQ_t-1 0.90) |
| SGI: 0.97 (Revenue 24.0b / 24.8b) |
| TATA: 0.03 (NI 3.58b - CFO -9.15b) / TA 397b) |
| Beneish M = -3.88 (Cap -4..+1) = AAA |
As of July 28, 2026, the stock is trading at EUR 122.75 with a total of 222,165 shares traded. Over the past week, the price has changed by +2.72%, over one month by +4.29%, over three months by +13.12% and over the past year by +42.96%.
Current recommended Stop Loss: 119.80 (which is 2.4% or 1.3 ATR below the current price).
KBC Groep has no consensus analysts rating.
P/E Trailing = 13.7356
P/E Forward = 12.4069
P/S = 3.9144
P/B = 1.6952
P/EG = 12.4124
Revenue TTM = 24.0b EUR
EBIT TTM = 4.62b EUR
EBITDA TTM = 5.05b EUR
Long Term Debt = 46.6b EUR (estimated: total debt 60.1b - short term 13.5b)
Short Term Debt = 13.5b EUR (from shortTermDebt, last quarter)
Debt = 60.1b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 37.4b EUR (calculated: Debt 60.1b - CCE 22.7b)
Enterprise Value = 84.8b EUR (47.4b + Debt 60.1b - CCE 22.7b)
Interest Coverage Ratio = 0.41 (Ebit TTM 4.62b / Interest Expense TTM 11.3b)
EV/FCF = -8.09x (Enterprise Value 84.8b / FCF TTM -10.5b)
FCF Yield = -12.36% (FCF TTM -10.5b / Enterprise Value 84.8b)
FCF Margin = -43.57% (FCF TTM -10.5b / Revenue TTM 24.0b)
Net Margin = 14.89% (Net Income TTM 3.58b / Revenue TTM 24.0b)
Gross Margin = 52.36% ((Revenue TTM 24.0b - Cost of Revenue TTM 11.5b) / Revenue TTM)
Gross Margin QoQ = 51.20% (prev 55.33%)
Tobins Q-Ratio = 0.21 (Enterprise Value 84.8b / Total Assets 397b)
Interest Expense / Debt = 18.82% (Interest Expense 11.3b / Debt 60.1b)
Taxrate = 22.57% (1.04b / 4.62b)
NOPAT = 3.58b (EBIT 4.62b * (1 - 22.57%))
Current Ratio = 0.08 (Total Current Assets 22.7b / Total Current Liabilities 275b)
Debt / Equity = 2.34 (Debt 60.1b / totalStockholderEquity, last quarter 25.7b)
Debt / EBITDA = 7.40 (Net Debt 37.4b / EBITDA 5.05b)
Debt / FCF = -3.57 (negative FCF - burning cash) (Net Debt 37.4b / FCF TTM -10.5b)
Total Stockholder Equity = 26.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.92% (Net Income 3.58b / Total Assets 397b)
RoE = 13.42% (Net Income TTM 3.58b / Total Stockholder Equity 26.7b)
RoCE = 6.31% (EBIT 4.62b / Capital Employed (Equity 26.7b + L.T.Debt 46.6b))
RoIC = 0.90% (NOPAT 3.58b / Invested Capital 396b)
WACC = 11.56% (E(47.4b)/V(107b) * Re(7.74%) + D(60.1b)/V(107b) * Rd(18.82%) * (1-Tc(0.23)))
Discount Rate = 7.74% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -50.26 | Cagr: -2.79%
[DCF] Fair Price = unknown (Cash Flow -10.5b)
EPS Correlation: 53.03 | EPS CAGR: 5.14% | SUE: -0.39 | # QB: 0
Revenue Correlation: 7.81 | Revenue CAGR: 0.57% | SUE: 0.73 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.78 | Chg30d=-2.18% | Revisions=+0% | Analysts=5
EPS next Quarter (2026-09-30): EPS=2.92 | Chg30d=+1.47% | Revisions=+57% | Analysts=5
EPS current Year (2026-12-31): EPS=9.80 | Chg30d=-0.02% | Revisions=-25% | GrowthEPS=+12.6% | GrowthRev=+11.0%
EPS next Year (2027-12-31): EPS=11.06 | Chg30d=+0.71% | Revisions=-25% | GrowthEPS=+12.9% | GrowthRev=+7.1%
[Analyst] Revisions Ratio: +15% (up=6, down=4)