Raiffeisen Bank International RBI.VI
What does Raiffeisen Bank International do?
Raiffeisen Bank International is an Austrian banking group headquartered in Vienna and part of the Raiffeisen sector. It serves corporate, retail and institutional clients and offers account management, payment services, loans, leasing, trade and export finance, factoring as well as investment banking and securities services.
The business is strongly focused on Central and Eastern Europe, complemented by its home business in Austria. The group earns money mainly from net interest income from lending and deposit-taking, as well as from fees and commissions from payment services, securities and financing services. Through subsidiary banks in several countries, it is present there in corporate and retail banking. In competitive terms, it positions itself as a regionally rooted universal bank with cross-border expertise for internationally active companies, but competes locally with domestic institutions and other large international banks.
Score profile
Rank vs. Banks - Regional (94 companies). 10 = top of the group, 5 = middle. Calculated from the metrics below, without AI.
Metrics compared with the industry
On profitability and quality, Raiffeisen Bank International ranks below average in the group Banks - Regional (3.8/10). On growth, the company ranks in the bottom fifth in the group Banks - Regional (1.2/10). On valuation (higher = cheaper), the stock ranks among the best in the group Banks - Regional (8.3/10). On financial strength, Raiffeisen Bank International ranks below average in the group Banks - Regional (2.4/10).
| Metric | Stock | Group median | Ranking |
|---|---|---|---|
| Forward P/E | 9.5x | 10.4x | better than 78 % |
| Trailing P/E | 10.4x | 12.3x | better than 82 % |
| PEG ratio | 2.8x | 1.6x | better than 18 % |
| Price/sales | 2.3x | 3.7x | better than 97 % |
| Price/book | 1.0x | 1.3x | better than 89 % |
| Revenue growth | 1.7% | 7.2% | better than 19 % |
| Earnings growth | -13.6% | 9.9% | better than 5 % |
| Gross margin | 0.0% | 0.0% | better than 50 % |
| Operating margin | 46.4% | 44.9% | better than 53 % |
| Net margin | 23.4% | 32.0% | better than 8 % |
| Return on equity | 10.2% | 11.0% | better than 40 % |
| Debt/equity | 0.0% | 0.0% | better than 50 % |
| Free cash flow yield | 0.0% | 0.0% | better than 50 % |
| Dividend yield | 2.6% | 3.0% | – |
| Payout ratio | 26.8% | 35.7% | – |
| Beta | 1.35 | 0.83 | – |
Valuation: what is Raiffeisen Bank International worth?
Two valuation approaches – a discounted cash flow model and a valuation at the industry’s median multiples – give Raiffeisen Bank International a model range of 67.93 EUR to 80.19 EUR per share.
12 analysts, average rating “Buy”, average price target 61.54 EUR (−1.2%).
The full DCF matrix, the reverse DCF (what growth the price implies) and scenarios are part of the Pro analysis.
What the business depends on
- Net interest income depends on the interest rate level, the interest margin and the volume of loans and deposits in its markets.
- Fee and commission income from payment services, trade finance and securities business supports earnings independently of interest rate developments.
- Economic development in Central and Eastern Europe determines credit demand, customer business and the level of loan loss provisions.
Risks
- Political and geopolitical tensions in core markets can weigh on business, capital flows and the valuation of individual subsidiary banks.
- Loan defaults rise during economic weakness and increase loan loss provisions, which directly reduces earnings.
- Currency fluctuations, regulation and special burdens such as bank taxes or legal disputes affect profit and capital position.
What to look for with Raiffeisen Bank International
The common equity tier 1 ratio is particularly informative because it shows how much loss buffer the bank has against loan defaults and market stress and how much room remains for distributions.