Company Analysis - Commissioned /

Arion Bank: Raising estimates on macro recovery, Valitor sale and share buybacks

  • Arion has announced a further ISK8bn of share buybacks, in addition to the ISK15bn programme completed in H1

  • We lift our 2021 EPS forecast on better revenues, lower risk costs, the Valitor disposal gain and a lower share count

  • We price the shares off a 14.0% mid-cycle ROE (13.0% previously), leading to a new fair value of ISK180 (up 29%)

Rahul Shah
Rahul Shah

Head of Corporate & Thematic Research

Tellimer Research
4 July 2021
Published byTellimer Research


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.