KBC GROUP NV (KBC.BR) Fundamental Analysis & Valuation
EBR:KBC • BE0003565737
111 EUR
+1.6 (+1.46%)
Last: Mar 4, 2026, 07:00 PM
This KBC.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall KBC gets a fundamental rating of 3 out of 10. We evaluated KBC against 106 industry peers in the Banks industry. KBC has a bad profitability rating. Also its financial health evaluation is rather negative. KBC is valued correctly, but it does not seem to be growing.
1. KBC.BR Profitability Analysis
1.1 Basic Checks
- In the past year KBC was profitable.
- KBC had a positive operating cash flow in the past year.
- KBC had positive earnings in 4 of the past 5 years.
- In multiple years KBC reported negative operating cash flow during the last 5 years.
1.2 Ratios
- KBC has a Return On Assets (0.93%) which is comparable to the rest of the industry.
- Looking at the Return On Equity, with a value of 13.26%, KBC is in the better half of the industry, outperforming 68.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.93% | ||
| ROE | 13.26% | ||
| ROIC | N/A |
ROA(3y)0.88%
ROA(5y)0.76%
ROE(3y)13.38%
ROE(5y)11.54%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- KBC's Profit Margin of 25.84% is fine compared to the rest of the industry. KBC outperforms 63.21% of its industry peers.
- KBC's Profit Margin has been stable in the last couple of years.
- KBC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25.84% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.86%
PM growth 5Y-0.07%
GM growth 3YN/A
GM growth 5YN/A
2. KBC.BR Health Analysis
2.1 Basic Checks
- KBC does not have a ROIC to compare to the WACC, probably because it is not profitable.
- There is no outstanding debt for KBC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- The Debt to FCF ratio of KBC is 14.81, which is on the high side as it means it would take KBC, 14.81 years of fcf income to pay off all of its debts.
- KBC has a Debt to FCF ratio of 14.81. This is in the better half of the industry: KBC outperforms 77.36% of its industry peers.
- KBC has a Debt/Equity ratio of 1.72. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.72, KBC perfoms like the industry average, outperforming 49.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.72 | ||
| Debt/FCF | 14.81 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.05%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. KBC.BR Growth Analysis
3.1 Past
- KBC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.09%.
- KBC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.06% yearly.
EPS 1Y (TTM)4.09%
EPS 3Y10.26%
EPS 5Y21.06%
EPS Q2Q%-12.73%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%11.88%
3.2 Future
- Based on estimates for the next years, KBC will show a small growth in Earnings Per Share. The EPS will grow by 5.24% on average per year.
- The Revenue is expected to grow by 6.90% on average over the next years.
EPS Next Y10.97%
EPS Next 2Y10.07%
EPS Next 3Y8.19%
EPS Next 5Y5.24%
Revenue Next Year10.31%
Revenue Next 2Y7.25%
Revenue Next 3Y6.9%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
4. KBC.BR Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 12.82, the valuation of KBC can be described as correct.
- 73.58% of the companies in the same industry are cheaper than KBC, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.03, KBC is valued rather cheaply.
- A Price/Forward Earnings ratio of 11.55 indicates a reasonable valuation of KBC.
- KBC's Price/Forward Earnings ratio is in line with the industry average.
- KBC is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.82 | ||
| Fwd PE | 11.55 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, KBC is valued a bit cheaper than 66.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.82 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.17
PEG (5Y)0.61
EPS Next 2Y10.07%
EPS Next 3Y8.19%
5. KBC.BR Dividend Analysis
5.1 Amount
- KBC has a Yearly Dividend Yield of 3.10%. Purely for dividend investing, there may be better candidates out there.
- KBC's Dividend Yield is slightly below the industry average, which is at 4.33.
- Compared to an average S&P500 Dividend Yield of 1.82, KBC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
5.2 History
- On average, the dividend of KBC grows each year by 6.61%, which is quite nice.
Dividend Growth(5Y)6.61%
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
- 46.04% of the earnings are spent on dividend by KBC. This is a bit on the high side, but may be sustainable.
- KBC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP46.04%
EPS Next 2Y10.07%
EPS Next 3Y8.19%
KBC.BR Fundamentals: All Metrics, Ratios and Statistics
EBR:KBC (3/4/2026, 7:00:00 PM)
111
+1.6 (+1.46%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-12 2026-02-12/bmo
Earnings (Next)05-12 2026-05-12
Inst Owners29.34%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap46.36B
Revenue(TTM)N/A
Net Income(TTM)3.58B
Analysts70.43
Price Target123.93 (11.65%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
Yearly Dividend4.82
Dividend Growth(5Y)6.61%
DP46.04%
Div Incr Years1
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.34%
Min EPS beat(2)3.79%
Max EPS beat(2)8.9%
EPS beat(4)4
Avg EPS beat(4)6.72%
Min EPS beat(4)3.79%
Max EPS beat(4)9.09%
EPS beat(8)7
Avg EPS beat(8)5.52%
EPS beat(12)10
Avg EPS beat(12)9.09%
EPS beat(16)14
Avg EPS beat(16)9.54%
Revenue beat(2)1
Avg Revenue beat(2)0.97%
Min Revenue beat(2)-0.49%
Max Revenue beat(2)2.43%
Revenue beat(4)3
Avg Revenue beat(4)1.09%
Min Revenue beat(4)-0.49%
Max Revenue beat(4)2.43%
Revenue beat(8)4
Avg Revenue beat(8)0.34%
Revenue beat(12)7
Avg Revenue beat(12)6.19%
Revenue beat(16)11
Avg Revenue beat(16)15.61%
PT rev (1m)8.29%
PT rev (3m)9.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.35%
EPS NY rev (1m)0%
EPS NY rev (3m)1.64%
Revenue NQ rev (1m)0.41%
Revenue NQ rev (3m)-0.09%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.82 | ||
| Fwd PE | 11.55 | ||
| P/S | 3.35 | ||
| P/FCF | 14.82 | ||
| P/OCF | 10.28 | ||
| P/B | 1.72 | ||
| P/tB | 1.91 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.66
EY7.8%
EPS(NY)9.61
Fwd EY8.66%
FCF(TTM)7.49
FCFY6.75%
OCF(TTM)10.79
OCFY9.72%
SpS33.13
BVpS64.55
TBVpS58.24
PEG (NY)1.17
PEG (5Y)0.61
Graham Number112.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.93% | ||
| ROE | 13.26% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 25.84% | ||
| GM | N/A | ||
| FCFM | 22.61% |
ROA(3y)0.88%
ROA(5y)0.76%
ROE(3y)13.38%
ROE(5y)11.54%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.86%
PM growth 5Y-0.07%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.72 | ||
| Debt/FCF | 14.81 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 299.13% | ||
| Cap/Sales | 9.97% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 87.52% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC18.05%
ROIC/WACCN/A
Cap/Depr(3y)227.21%
Cap/Depr(5y)209.55%
Cap/Sales(3y)8.61%
Cap/Sales(5y)8.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.09%
EPS 3Y10.26%
EPS 5Y21.06%
EPS Q2Q%-12.73%
EPS Next Y10.97%
EPS Next 2Y10.07%
EPS Next 3Y8.19%
EPS Next 5Y5.24%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%11.88%
Revenue Next Year10.31%
Revenue Next 2Y7.25%
Revenue Next 3Y6.9%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y138.5%
FCF growth 3Y-13.57%
FCF growth 5YN/A
OCF growth 1Y164.46%
OCF growth 3Y-11.16%
OCF growth 5YN/A
KBC GROUP NV / KBC.BR FAQ
What is the ChartMill fundamental rating of KBC GROUP NV (KBC.BR) stock?
ChartMill assigns a fundamental rating of 3 / 10 to KBC.BR.
What is the valuation status of KBC GROUP NV (KBC.BR) stock?
ChartMill assigns a valuation rating of 4 / 10 to KBC GROUP NV (KBC.BR). This can be considered as Fairly Valued.
How profitable is KBC GROUP NV (KBC.BR) stock?
KBC GROUP NV (KBC.BR) has a profitability rating of 3 / 10.
Can you provide the expected EPS growth for KBC stock?
The Earnings per Share (EPS) of KBC GROUP NV (KBC.BR) is expected to grow by 10.97% in the next year.
Is the dividend of KBC GROUP NV sustainable?
The dividend rating of KBC GROUP NV (KBC.BR) is 4 / 10 and the dividend payout ratio is 46.04%.