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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.36
IRE's Cash to Debt is ranked higher than
62% of the 1566 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.48 vs. IRE: 0.36 )
IRE' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.36

Equity to Asset 0.06
IRE's Equity to Asset is ranked higher than
52% of the 2010 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 0.09 vs. IRE: 0.06 )
IRE' s 10-Year Equity to Asset Range
Min: 0.03   Max: 0.07
Current: 0.06

0.03
0.07
F-Score: 3
Z-Score: 0.15
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) -64.60
IRE's Operating margin (%) is ranked lower than
53% of the 2021 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 29.33 vs. IRE: -64.60 )
IRE' s 10-Year Operating margin (%) Range
Min: -64.6   Max: 54.04
Current: -64.6

-64.6
54.04
Net-margin (%) -50.01
IRE's Net-margin (%) is ranked lower than
53% of the 2021 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 21.41 vs. IRE: -50.01 )
IRE' s 10-Year Net-margin (%) Range
Min: -50.01   Max: 40.65
Current: -50.01

-50.01
40.65
ROE (%) -19.83
IRE's ROE (%) is ranked lower than
53% of the 2031 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 8.59 vs. IRE: -19.83 )
IRE' s 10-Year ROE (%) Range
Min: -19.39   Max: 32.79
Current: -19.83

-19.39
32.79
ROA (%) -1.20
IRE's ROA (%) is ranked lower than
52% of the 2034 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 0.80 vs. IRE: -1.20 )
IRE' s 10-Year ROA (%) Range
Min: -1.21   Max: 1.52
Current: -1.2

-1.21
1.52
ROC (Joel Greenblatt) (%) -702.57
IRE's ROC (Joel Greenblatt) (%) is ranked lower than
54% of the 2003 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 76.89 vs. IRE: -702.57 )
IRE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -708.52   Max: 252.61
Current: -702.57

-708.52
252.61
Revenue Growth (%) -55.00
IRE's Revenue Growth (%) is ranked lower than
51% of the 1740 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.20 vs. IRE: -55.00 )
IRE' s 10-Year Revenue Growth (%) Range
Min: -68.1   Max: 36.5
Current: -55

-68.1
36.5
EBITDA Growth (%) -55.00
IRE's EBITDA Growth (%) is ranked higher than
52% of the 1563 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 6.60 vs. IRE: -55.00 )
IRE' s 10-Year EBITDA Growth (%) Range
Min: -55   Max: 63.6
Current: -55

-55
63.6
EPS Growth (%) -55.00
IRE's EPS Growth (%) is ranked higher than
52% of the 1547 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 8.90 vs. IRE: -55.00 )
IRE' s 10-Year EPS Growth (%) Range
Min: -62   Max: 81.7
Current: -55

-62
81.7
» IRE's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

IRE Guru Trades in Q4 2013

Jim Simons Sold Out
Steven Cohen 18,802 sh (-77.48%)
» More
Q1 2014

IRE Guru Trades in Q1 2014

Jim Simons 174,260 sh (New)
Steven Cohen 24,243 sh (+28.94%)
» More
Q2 2014

IRE Guru Trades in Q2 2014

Jim Simons 453,860 sh (+160.45%)
» More
Q3 2014

IRE Guru Trades in Q3 2014

Jim Simons 231,860 sh (-48.91%)
» More
» Details

Insider Trades

Latest Guru Trades with IRE

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Wilbur Ross 2011-12-31 New Buy22.7%$4 - $10.2 $ 16.06186%2147483647
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Preferred stocks of Bank of Ireland (Governor & Co of)

SymbolPriceYieldDescription
BKIC.UK7.5016.83
BKIE.UK0.0019.60

Guru Investment Theses on Bank of Ireland (Governor & Co of)

Prem Watsa Comments on Bank of Ireland - Mar 11, 2014

It is amazing to witness the transformation that has taken place in Ireland. In 2011, when we made our investment in the Bank of Ireland (IRE) at 10 euro cents per share, 10-year Government of Ireland rates were 12%, housing prices had come down 40% and sentiment was bleak. Since then, 10-year Government of Ireland rates have dropped to 3.1%, house prices have bottomed out and have begun to rise, Ireland has access to the bond markets again and capital is flooding into Ireland! Under Richie Boucher's strong leadership, the Bank of Ireland continues to do well as it recently refinanced its government-owned A1.8 billion preferred by doing a A580 million equity issue at 26 euro cents per share and selling the rest into the marketplace. Also, it adid a A750 million unsecured five-year bond financing at 3.34%! The Irish Government has now had all its loans to the Bank of Ireland paid back and its 13.95% ownership of the common stock is in a sizeable profit position. We thank the Irish Government for its exceptional support of the Bank of Ireland and look forward to the Bank's continued progress under Richie's leadership.

As this letter went to print, because of the significant appreciation in our position in the Bank of Ireland, we rebalanced that position by selling a third of it at approximately 33 euro cents per share. The Bank of Ireland has been one of our most successful investments because of the outstanding performance of Richie and his management team. We continue to be strong supporters of Richie and the Bank of Ireland.



From Prem Watsa (Trades, Portfolio)'s annual 2013 letter to shareholders.

Check out Prem Watsa latest stock trades

Prem Watsa Comments on Bank of Ireland - Mar 11, 2013

As I mentioned to you last year, one such call from Bill in 2011 led to our investment (along with W.L. Ross, Fidelity and Capital Research) in Bank of Ireland (IRE) – the first significant investment in Ireland by foreign investors since the financial market collapse. Only one year later, Ireland and its economy have made significant strides towards recovery. Irish government bond rates have dropped from mid-teen yields to approximately 4% today and the € 1 billion contingent capital note that the Irish government invested in Bank of Ireland was entirely sold to the financial markets at a premium. More recently, the Irish government has announced the removal of the Eligible Liabilities Guarantee and money is flowing strongly back into Ireland. Our hats are off to the Irish government and the people of Ireland for showing the way forward out of the economic malaise in Europe!

From Prem Watsa's 2012 annual letter.

Check out Prem Watsa latest stock trades

Top Ranked Articles about Bank of Ireland (Governor & Co of)

Prem Watsa, Wilbur Ross Invest Almost Half a Billion in Greece's Eurobank
After a profitable investment in Bank of Ireland (IRE), Prem Watsa (Trades, Portfolio) and Wilbur Ross (Trades, Portfolio) have joined forces to lead a cash infusion into another of Europe’s stricken financial institutions, Eurobank Ergasias S.A. (FRA:EFGC)(ATH:EUROB). The two investors are coming to the bank’s aid as it raises money to meet new recapitalization requirements set by the Greek Parliament, effective March 30. Read more...
Prem Watsa Cuts One of His ‘Most Successful Investments’
Prem Watsa (Trades, Portfolio), the Canadian investor who owns Fairfax Financial Holdings (TSX:FFH), back in 2011 formed a consortium with Wilbur Ross (Trades, Portfolio) and several other financiers to infuse cash into the struggling Bank of Ireland (IRE) – an investment which turned out to be one of his “most successful,” as he said in his recently released 2013 annual letter to shareholders. Like Warren Buffett (Trades, Portfolio) at Berkshire Hathaway (BRK.A)(BRK.B), Watsa invests the float of his insurance conglomerate. Also like Buffett, Read more...
Prem Watsa Comments on Bank of Ireland
It is amazing to witness the transformation that has taken place in Ireland. In 2011, when we made our investment in the Bank of Ireland (IRE) at 10 euro cents per share, 10-year Government of Ireland rates were 12%, housing prices had come down 40% and sentiment was bleak. Since then, 10-year Government of Ireland rates have dropped to 3.1%, house prices have bottomed out and have begun to rise, Ireland has access to the bond markets again and capital is flooding into Ireland! Under Richie Boucher's strong leadership, the Bank of Ireland continues to do well as it recently refinanced its government-owned A1.8 billion preferred by doing a A580 million equity issue at 26 euro cents per share and selling the rest into the marketplace. Also, it adid a A750 million unsecured five-year bond financing at 3.34%! The Irish Government has now had all its loans to the Bank of Ireland paid back and its 13.95% ownership of the common stock is in a sizeable profit position. We thank the Irish Government for its exceptional support of the Bank of Ireland and look forward to the Bank's continued progress under Richie's leadership. Read more...

Ratios

vs
industry
vs
history
P/B 1.33
IRE's P/B is ranked higher than
70% of the 2636 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.33 vs. IRE: 1.33 )
IRE' s 10-Year P/B Range
Min: 0.03   Max: 3.36
Current: 1.33

0.03
3.36
P/S 2.35
IRE's P/S is ranked higher than
85% of the 2636 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 3.56 vs. IRE: 2.35 )
IRE' s 10-Year P/S Range
Min: 0.04   Max: 4.09
Current: 2.35

0.04
4.09
EV-to-EBIT -29.88
IRE's EV-to-EBIT is ranked lower than
59% of the 2636 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 19.47 vs. IRE: -29.88 )
IRE' s 10-Year EV-to-EBIT Range
Min: -315.9   Max: 54.3
Current: -29.88

-315.9
54.3
Shiller P/E 1.18
IRE's Shiller P/E is ranked higher than
100% of the 2636 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 9999.00 vs. IRE: 1.18 )
IRE' s 10-Year Shiller P/E Range
Min: 0.07   Max: 20.16
Current: 1.18

0.07
20.16

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.40
IRE's Price/Tangible Book is ranked higher than
74% of the 2636 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.58 vs. IRE: 1.40 )
IRE' s 10-Year Price/Tangible Book Range
Min: 0.08   Max: 3.43
Current: 1.4

0.08
3.43
Price/Median PS Value 1.46
IRE's Price/Median PS Value is ranked higher than
66% of the 2636 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.21 vs. IRE: 1.46 )
IRE' s 10-Year Price/Median PS Value Range
Min: 0.09   Max: 2.8
Current: 1.46

0.09
2.8
Earnings Yield (Greenblatt) -3.30
IRE's Earnings Yield (Greenblatt) is ranked higher than
50% of the 1996 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 6.60 vs. IRE: -3.30 )
IRE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.8   Max: 5.7
Current: -3.3

1.8
5.7
Forward Rate of Return (Yacktman) 822.99
IRE's Forward Rate of Return (Yacktman) is ranked higher than
99% of the 1246 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 14.25 vs. IRE: 822.99 )
IRE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -723.5   Max: 2186.2
Current: 822.99

-723.5
2186.2

Business Description

Industry: Banks » Banks - Regional - Europe
Compare:BNPQY, LYG, KBCSY, DB, NRBAY » details
Traded in other countries:BKIR.UK, BKIC.UK, BIR.Germany, BIR1.Germany, IRLBF.USA,
Bank of Ireland (Governor & Co of) is a diversified Financial Services Group established in 1783. It provides various banking and other financial services. The Company operates through five reportable operating segments namely Retail Ireland, Bank of Ireland Life, Retail UK, Corporate and Treasury & Group Centre. Retail Ireland distributes a wide range of financial products and services through the Group's branch operations in the Republic of Ireland and through its direct channels (telephone and on-line). The product suite includes deposits, mortgages, consumer and business lending, credit cards, current accounts, money transmission services, commercial finance, asset finance and general insurance. Retail Ireland is managed through a number of business units namely Distribution Channels, Consumer Banking (including Bank of Ireland Mortgage Bank and ICS Building Society), Business Banking and Customer & Wealth Management (including Private Banking). Bank of Ireland Life (BoI Life) operates in the life and pensions market in Ireland through its wholly owned subsidiary, New Ireland Assurance Company plc (NIAC). The product suite includes life assurance, protection, pensions and investment products which are manufactured by NIAC. Products are sold under the BoI Life brand in the Retail Ireland branch network and direct sales channels and under the NIAC brand in the intermediary market and through a direct sales force. Retail UK comprises business banking in Great Britain and Northern Ireland, consumer banking via the branch network in Northern Ireland, the UK residential mortgage business and the business relationships with the UK Post Office. The Company has previously announced its withdrawal from the intermediary sourced mortgage market in the UK. Business banking comprises loan, current account and deposit facilities to medium and large corporate clients in addition to international banking, working capital financing, asset finance and electronic banking services. Offshore deposit taking services are offered in the Isle of Man. The Corporate and Treasury division comprises Corporate Banking, Global Markets and IBI Corporate Finance. Corporate Banking provides integrated relationship banking services to Republic of Ireland and Northern Ireland corporations, financial institutions and multinational corporations operating in, or out of, Ireland. The range of lending products provided includes overdraft and short term loan facilities, term loans, project finance and structured finance. Corporate Banking is also engaged in international lending with offices located in London, Paris, Frankfurt and the United States. The Group Centre comprises capital management activities, unallocated Group support costs and the cost associated with schemes such as the ELG scheme, the Deposit Guarantee Scheme (DGS) and the UK Financial Services Compensation Scheme (FSCS). Its international lending business includes acquisition finance and term lending
» More Articles for IRE

Headlines

Articles On GuruFocus.com
Wilbur Ross on Euro Investments, Rate Cuts, New SPAC Jun 06 2014 
Prem Watsa, Wilbur Ross Bet on Greece’s Eurobank Apr 17 2014 
Prem Watsa Cuts One of His ‘Most Successful Investments’ Mar 11 2014 
Prem Watsa Comments on Bank of Ireland Mar 11 2014 
Prem Watsa on The Bank of Ireland Mar 09 2014 
Wilbur Ross on investing like a billionaire Mar 07 2014 
Prem Watsa's New Stock Pick in Greece, the First Nation Demoted to Emerging Status Jun 28 2013 
Prem Wesa May 21 2013 
Bank of Ireland May 21 2013 
Vulture Investing Guru Wilbur Ross Calls Bank of Ireland His Best Recent Investment May 20 2013 

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