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Trend of KBC’s stock price
   Period mid-December  beginning March
   Gained about 6 to 7 euros




              Jan 2013       Feb            March
   Increasing of the capital (2 billion €)
   profit per share  (-15%)




                  Jan 2013          Feb       March
   Improvement risk profile
   Solvency 
   Penalty avoided: 580 million euros




                 Jan 2013        Feb     March
   Between 26 and 27 euros




                Jan 2013      Feb   March
   Disposals Russia & Slovenia
   Operation profit 
   Risky assets 




                 Jan 2013         Feb   March
   Margin: 28 until 29
   No important changes




                Jan 2013   Feb   March
   Peak: 30 euros
   Dividend: 1 euro




                Jan 2013   Feb   March
4

3.5

 3

2.5

 2                                       3.78
                                  3.31
1.5
                           2.51
 1                  1.84
      1.52   1.64
0.5                                                            0.75            1
                                                  0      0            0.01
 0
      2002   2003   2004   2005   2006   2007   2008   2009   2010    2011   2012
   From 30 to 28 euros
   Ex-coupon effect




                Jan 2013   Feb   March
2012      2013
PEG-ratio                  -0,65
Dividend yield   2,48      1,14
P/E – ratio      6,60      10,40




   Development financial crisis?
   Ups and downs

   Overall: positive

   Recommendation: don’t buy KBC’s share

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The trend of KBC's stock price

  • 1. Trend of KBC’s stock price
  • 2. Period mid-December  beginning March  Gained about 6 to 7 euros Jan 2013 Feb March
  • 3. Increasing of the capital (2 billion €)  profit per share  (-15%) Jan 2013 Feb March
  • 4. Improvement risk profile  Solvency   Penalty avoided: 580 million euros Jan 2013 Feb March
  • 5. Between 26 and 27 euros Jan 2013 Feb March
  • 6. Disposals Russia & Slovenia  Operation profit   Risky assets  Jan 2013 Feb March
  • 7. Margin: 28 until 29  No important changes Jan 2013 Feb March
  • 8. Peak: 30 euros  Dividend: 1 euro Jan 2013 Feb March
  • 9. 4 3.5 3 2.5 2 3.78 3.31 1.5 2.51 1 1.84 1.52 1.64 0.5 0.75 1 0 0 0.01 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
  • 10. From 30 to 28 euros  Ex-coupon effect Jan 2013 Feb March
  • 11. 2012 2013 PEG-ratio -0,65 Dividend yield 2,48 1,14 P/E – ratio 6,60 10,40  Development financial crisis?
  • 12. Ups and downs  Overall: positive  Recommendation: don’t buy KBC’s share