KBCA Stock Analysis: KBC Ancora | BR
Asset Management | BR, Belgium | Market Cap: 7.355m EUR | 12M Return: 51.2% | BE0003867844 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.43M
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 listed holding company whose sole business is the maintenance and management of its participating interest in KBC Group SA, a major Belgian bank-insurance group. The company was incorporated in 1998, originally under the name Almancora SCA before adopting its current name in June 2007, and is headquartered in Leuven, Belgium. It is classified within the GICS Diversified Financial Services sub-industry and operates as a subsidiary of Cera S.C.R.L., the Belgian cooperative that anchors the shareholder structure of KBC Group.
As a pure holding vehicle in the financials sector, KBC Ancoras business model is centered on holding a strategic stake in a single operating subsidiary rather than running diversified operations itself, with shareholders typically deriving returns through the dividends passed through from KBC Group.
- KBC Group net interest income driven by rate environment
- Dividend distributions from KBC Group support shareholder returns
- Czech Republic banking segment exposure to macro and FX risk
| Net Income: 389.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -1.78 > 1.0 |
| NWC/Revenue: 21.66% < 20% (prev 9.01%; Δ 12.65% < -1%) |
| CFO/TA 0.09 > 3% & CFO 319.3m > Net Income 389.4m |
| Net Debt (14.0m) to EBITDA (393.5m): 0.04 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| 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: 10.85% > 50% (prev 8.90%; Δ 1.95% > 0%) |
| Interest Coverage Ratio: 96.06 > 6 (EBIT TTM 393.5m / Interest Expense TTM 4.10m) |
| A: 0.02 (Total Current Assets 86.0m - Total Current Liabilities 0.0) / Total Assets 3.69b |
| B: 0.00 (Retained Earnings 384k / Total Assets 3.69b) |
| C: 0.11 (EBIT TTM 393.5m / Avg Total Assets 3.66b) |
| D: 35.60 (Book Value of Equity 3.59b / Total Liabilities 100.7m) |
| Altman-Z'' = 38.26 = AAA |
As of October 07, 2026, the stock is trading at EUR 96.50 with a total of 82,372 shares traded. Over the past week, the price has changed by -2.92%, over one month by +0.84%, over three months by +15.16% and over the past year by +51.19%.
Current recommended Stop Loss: 94.00 (which is 2.6% or 1.3 ATR below the current price).
KBC Ancora has no consensus analysts rating.
P/E Trailing = 18.8735
P/E Forward = 16.3399
P/S = 19.0942
P/B = 2.0921
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 = 14.0m EUR (calculated: Debt 100.0m - CCE 86.0m)
Enterprise Value = 7.37b EUR (7.35b + Debt 100.0m - CCE 86.0m)
Interest Coverage Ratio = 96.06 (Ebit TTM 393.5m / Interest Expense TTM 4.10m)
EV/FCF = 23.08x (Enterprise Value 7.37b / FCF TTM 319.3m)
FCF Yield = 4.33% (FCF TTM 319.3m / Enterprise Value 7.37b)
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 = 2.00 (Enterprise Value 7.37b / Total Assets 3.69b)
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 = unknown (Total Current Assets 86.0m / Total Current Liabilities 0.0)
Debt / Equity = 0.03 (Debt 100.0m / totalStockholderEquity, last quarter 3.59b)
Debt / EBITDA = 0.04 (Net Debt 14.0m / EBITDA 393.5m)
Debt / FCF = 0.04 (Net Debt 14.0m / FCF TTM 319.3m)
Total Stockholder Equity = 3.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.65% (Net Income 389.4m / Total Assets 3.69b)
RoE = 10.91% (Net Income TTM 389.4m / Total Stockholder Equity 3.57b)
RoCE = 10.67% (EBIT 393.5m / Capital Employed (Total Assets 3.69b - Current Liab 0.0))
RoIC = 10.93% (EBIT 393.5m / (Assets 3.69b - Curr.Liab 0.0 - Cash 86.0m))
WACC = 8.00% (E(7.35b)/V(7.45b) * Re(8.07%) + D(100.0m)/V(7.45b) * Rd(4.10%) * (1-Tc(0.25)))
Discount Rate = 8.07% (= 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 = 50.50 (EV 3.90b - Net Debt 14.0m = Equity 3.89b / 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=6.31 | Chg30d=+5.87% | Revisions=+25% | GrowthEPS=+24.7% | GrowthRev=+24.3%