Morningstar's waardering van 22 Europese banken

Post on 06-May-2015

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Europese banken zijn niet zo gezond als beleggers denken. Toezichthouders en beleggers richten zich volgens Morningstar op de verkeerde maatstaven. Beleggers die denken dat er voor Europese banken opnieuw een mooi tijdperk aanbreekt, moeten op hun hoede zijn. Lees ook het bijbehorende artikel http://www.morningstar.nl/nl/news/114554/europese-banken-zijn-niet-zo-gezond-als-beleggers-denken---deel-1.aspx

Transcript of Morningstar's waardering van 22 Europese banken

Morningstar´s waardering van 22 Europese banken

De aandelenanalisten van Morningstar volgen

deze Europese banken

Crédit Agricole – ACA

Moat Narrow Uncertainty Very high

Koers/Fair Value 1.40 Koers/Tangible Book 0.84

Bron: Morningstar 16/11/2013

Fair Value EUR 6.30 Morningstar Rating QQ

Julius Bär – BAER

Moat Wide Uncertainty High

Koers/Fair Value 0.96 Koers/Tangible Book 2.88

Bron: Morningstar 16/11/2013

Fair Value CHF 44.00 Morningstar Rating QQQ

Barclays – BARC

Moat None Uncertainty Very high

Koers/Fair Value 0.78 Koers/Tangible Book 0.75

Bron: Morningstar 16/11/2013

Fair Value GBP 3.20 Morningstar Rating QQQQ

BBVA – BBVA

Moat None Uncertainty Extreme

Koers/Fair Value 1.22 Koers/Tangible Book 1.26

Bron: Morningstar 16/11/2013

Fair Value EUR 6.92 Morningstar Rating QQQ

BNP Paribas – BNP

Moat Narrow Uncertainty Very high

Koers/Fair Value 0.99 Koers/Tangible Book 0.93

Bron: Morningstar 16/11/2013

Fair Value EUR 55.00 Morningstar Rating QQQ

Commerzbank – CBK

Moat None Uncertainty Very high

Koers/Fair Value 1.11 Koers/Tangible Book 0.50

Bron: Morningstar 16/11/2013

Fair Value EUR 9.00 Morningstar Rating QQQ

Crédit Suisse – CSGN

Moat Narrow Uncertainty Very high

Koers/Fair Value 0.95 Koers/Tangible Book 1.25

Bron: Morningstar 16/11/2013

Fair Value CHF 28.00 Morningstar Rating QQQ

Danske Bank – DANSKE

Moat Narrow Uncertainty Very high

Koers/Fair Value 1.04 Koers/Tangible Book 1.03

Bron: Morningstar 16/11/2013

Fair Value DKK 119.00 Morningstar Rating QQQ

Deutsche Bank – DBK

Moat Narrow Uncertainty Very high

Koers/Fair Value 0.90 Koers/Tangible Book 0.81

Bron: Morningstar 16/11/2013

Fair Value EUR 38.00 Morningstar Rating QQQ

Société Générale – GLE

Moat Narrow Uncertainty Very high

Koers/Fair Value 1.23 Koers/Tangible Book 0.90

Bron: Morningstar 16/11/2013

Fair Value EUR 34.00 Morningstar Rating QQQ

HSBC – HSBA

Moat Narrow Uncertainty High

Koers/Fair Value 0.95 Koers/Tangible Book 1.41

Bron: Morningstar 16/11/2013

Fair Value GBP 7.25 Morningstar Rating QQQ

Intesa Sanpaolo – ISP

Moat None Uncertainty Very high

Koers/Fair Value 1.21 Koers/Tangible Book 0.73

Bron: Morningstar 16/11/2013

Fair Value EUR 1.40 Morningstar Rating QQ

KBC – KBC

Moat None Uncertainty Very high

Koers/Fair Value 1.12 Koers/Tangible Book 1.58

Bron: Morningstar 16/11/2013

Fair Value EUR 36.00 Morningstar Rating QQQ

Lloyds Banking Group – LLOY

Moat Narrow Uncertainty High

Koers/Fair Value 0.83 Koers/Tangible Book 1.41

Bron: Morningstar 16/11/2013

Fair Value GBP 0.92 Morningstar Rating QQQQ

Nordea Bank – NDA SEK

Moat Narrow Uncertainty High

Koers/Fair Value 1.07 Koers/Tangible Book 1.34

Bron: Morningstar 16/11/2013

Fair Value SEK 76.00 Morningstar Rating QQQ

RBS – RBS

Moat None Uncertainty Very high

Koers/Fair Value 0.83 Koers/Tangible Book 0.68

Bron: Morningstar 16/11/2013

Fair Value GBP 4.00 Morningstar Rating QQQ

Banco Santander – SAN

Moat Narrow Uncertainty Very high

Koers/Fair Value 0.91 Koers/Tangible Book 1.22

Bron: Morningstar 16/11/2013

Fair Value EUR 7.00 Morningstar Rating QQQ

Skandinaviska Enskilda Banken – SEB A

Moat None Uncertainty Very high

Koers/Fair Value 1.27 Koers/Tangible Book 1.68

Bron: Morningstar 16/11/2013

Fair Value SEK 62.00 Morningstar Rating QQ

Svenska Handelsbanken – SHB A

Moat Narrow Uncertainty High

Koers/Fair Value 1.05 Koers/Tangible Book 2.03

Bron: Morningstar 16/11/2013

Fair Value SEK 287.00 Morningstar Rating QQQ

Standard Chartered – STAN

Moat Narrow Uncertainty High

Koers/Fair Value 0.89 Koers/Tangible Book 1.46

Bron: Morningstar 16/11/2013

Fair Value GBP 16.30 Morningstar Rating QQQ

UBS – UBSN

Moat Narrow Uncertainty High

Koers/Fair Value 0.95 Koers/Tangible Book 1.57

Bron: Morningstar 16/11/2013

Fair Value CHF 18.00 Morningstar Rating QQQ

UniCredit – UCG

Moat Narrow Uncertainty Very high

Koers/Fair Value 1.31 Koers/Tangible Book 0.65

Bron: Morningstar 16/11/2013

Fair Value EUR 3.90 Morningstar Rating QQ

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