KBCA Stock Analysis: KBC Ancora | BR
Asset Management | BR, Belgium | Market Cap: 7.239m EUR | 12M Return: 57.1% | BE0003867844 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.37M
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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 Ancora SA is a Belgian holding company whose sole purpose is to maintain and manage a significant participating interest in KBC Group SA, the listed Belgian banking and insurance group. The company is based in Leuven, was incorporated in 1998, and operates as a subsidiary of Cera S.C.R.L., a cooperative that anchors ownership in the KBC Group. This structure is typical of European cooperative-style banking groups, where a dedicated vehicle is used to coordinate and stabilize the shareholding of the operating bank-insurance company. KBC Ancora itself does not carry out banking activities; its performance is therefore directly linked to the value and dividends of its stake in KBC Group.
- KBC Group net interest income pressured by ECB rate cuts
- Czech and Slovak banking subsidiaries drive CEE profit growth
- Annual dividend distribution from KBC Group supports KBC Ancora capital returns
| Net Income: 389.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -1.74 > 1.0 |
| NWC/Revenue: 26.56% < 20% (prev 17.82%; Δ 8.74% < -1%) |
| CFO/TA 0.09 > 3% & CFO 319.3m > Net Income 389.4m |
| Net Debt (-5.65m) to EBITDA (393.5m): -0.01 < 3 |
| Current Ratio: 475.9 > 1.5 & < 3 |
| Outstanding Shares: last quarter (77.0m) vs 12m ago 0.00% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 10.78% > 50% (prev 8.82%; Δ 1.96% > 0%) |
| Interest Coverage Ratio: 96.06 > 6 (EBIT TTM 393.5m / Interest Expense TTM 4.10m) |
| A: 0.03 (Total Current Assets 105.7m - Total Current Liabilities 222k) / Total Assets 3.71b |
| B: 0.02 (Retained Earnings 74.5m / Total Assets 3.71b) |
| C: 0.11 (EBIT TTM 393.5m / Avg Total Assets 3.68b) |
| D: 35.12 (Book Value of Equity 3.60b / Total Liabilities 102.6m) |
| Altman-Z'' = 37.84 = AAA |
As of September 27, 2026, the stock is trading at EUR 98.20 with a total of 42,610 shares traded. Over the past week, the price has changed by +4.47%, over one month by +4.25%, over three months by +22.14% and over the past year by +57.12%.
Current recommended Stop Loss: 95.90 (which is 2.3% or 1.4 ATR below the current price).
KBC Ancora has no consensus analysts rating.
P/E Trailing = 18.5771
P/E Forward = 15.9744
P/S = 18.6629
P/B = 2.0448
P/EG = 41.1792
Revenue TTM = 396.9m EUR
EBIT TTM = 393.5m EUR
EBITDA TTM = 393.5m EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 100.0m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -5.65m EUR (calculated: Debt 100.0m - CCE 105.7m)
Enterprise Value = 7.23b EUR (7.24b + Debt 100.0m - CCE 105.7m)
Interest Coverage Ratio = 96.06 (Ebit TTM 393.5m / Interest Expense TTM 4.10m)
EV/FCF = 22.65x (Enterprise Value 7.23b / FCF TTM 319.3m)
FCF Yield = 4.41% (FCF TTM 319.3m / Enterprise Value 7.23b)
FCF Margin = 80.44% (FCF TTM 319.3m / Revenue TTM 396.9m)
Net Margin = 98.09% (Net Income TTM 389.4m / Revenue TTM 396.9m)
Gross Margin = unknown ((Revenue TTM 396.9m - Cost of Revenue TTM 3.47m) / Revenue TTM)
Tobins Q-Ratio = 1.95 (Enterprise Value 7.23b / Total Assets 3.71b)
Interest Expense / Debt = 4.10% (Interest Expense 4.10m / Debt 100.0m)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 295.1m (EBIT 393.5m * (1 - 25.00%))
Current Ratio = 475.9 (out of range, set to none) (Total Current Assets 105.7m / Total Current Liabilities 222k)
Debt / Equity = 0.03 (Debt 100.0m / totalStockholderEquity, last quarter 3.60b)
Debt / EBITDA = -0.01 (Net Debt -5.65m / EBITDA 393.5m)
Debt / FCF = -0.02 (Net Debt -5.65m / FCF TTM 319.3m)
Total Stockholder Equity = 3.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.57% (Net Income 389.4m / Total Assets 3.71b)
RoE = 10.99% (Net Income TTM 389.4m / Total Stockholder Equity 3.54b)
RoCE = 10.62% (EBIT 393.5m / Capital Employed (Total Assets 3.71b - Current Liab 222k))
RoIC = 8.01% (NOPAT 295.1m / Invested Capital 3.69b)
WACC = 8.08% (E(7.24b)/V(7.34b) * Re(8.15%) + D(100.0m)/V(7.34b) * Rd(4.10%) * (1-Tc(0.25)))
Discount Rate = 8.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -69.62 | Cagr: -0.74%
[DCF] Terminal Value 73.10% ; FCFF base≈343.2m ; Y1≈301.0m ; Y5≈243.2m
[DCF] Fair Price = 50.76 (EV 3.90b - Net Debt -5.65m = Equity 3.91b / Shares 77.0m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 29.92 | Revenue CAGR: 3.39% | SUE: -0.10 | # QB: 0
EPS current Year (2026-06-30): EPS=5.96 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=+13.5% | GrowthRev=+27.8%
EPS next Year (2027-06-30): EPS=5.96 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+17.8% | GrowthRev=+16.6%