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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
63% of the 1375 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.49 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
54% of the 1762 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
52% of the 1787 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 29.70 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
52% of the 1787 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 21.59 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 (%) -26.44
IRE's ROE (%) is ranked lower than
52% of the 1794 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 8.59 vs. IRE: -26.44 )
IRE' s 10-Year ROE (%) Range
Min: -19.39   Max: 32.79
Current: -26.44

-19.39
32.79
ROA (%) -1.59
IRE's ROA (%) is ranked lower than
52% of the 1794 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 0.81 vs. IRE: -1.59 )
IRE' s 10-Year ROA (%) Range
Min: -1.21   Max: 1.52
Current: -1.59

-1.21
1.52
ROC (Joel Greenblatt) (%) -936.76
IRE's ROC (Joel Greenblatt) (%) is ranked lower than
53% of the 1768 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 76.73 vs. IRE: -936.76 )
IRE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -708.52   Max: 252.61
Current: -936.76

-708.52
252.61
Revenue Growth (%) -55.00
IRE's Revenue Growth (%) is ranked higher than
50% of the 1560 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.30 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 1409 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 6.70 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
53% of the 1419 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 8.90 vs. IRE: -55.00 )
IRE' s 10-Year EPS Growth (%) Range
Min: -62.9   Max: 81.7
Current: -55

-62.9
81.7
» IRE's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

IRE Guru Trades in Q3 2013

Steven Cohen 83,502 sh (+407.33%)
Jim Simons 56,560 sh (-19.5%)
» More
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
» 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 $ 15.42175%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 1.30
IRE's P/B is ranked higher than
66% of the 1931 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.16 vs. IRE: 1.30 )
IRE' s 10-Year P/B Range
Min: 0.03   Max: 3.36
Current: 1.3

0.03
3.36
P/S 2.30
IRE's P/S is ranked higher than
83% of the 1931 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 3.07 vs. IRE: 2.30 )
IRE' s 10-Year P/S Range
Min: 0.04   Max: 4.09
Current: 2.3

0.04
4.09
EV-to-EBIT -28.96
IRE's EV-to-EBIT is ranked lower than
55% of the 1931 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 16.86 vs. IRE: -28.96 )
IRE' s 10-Year EV-to-EBIT Range
Min: -315.9   Max: 54.3
Current: -28.96

-315.9
54.3
Shiller P/E 1.10
IRE's Shiller P/E is ranked higher than
100% of the 1931 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 27.85 vs. IRE: 1.10 )
IRE' s 10-Year Shiller P/E Range
Min: 0.07   Max: 19.94
Current: 1.1

0.07
19.94

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.31
IRE's Price/Tangible Book is ranked higher than
69% of the 1931 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.33 vs. IRE: 1.31 )
IRE' s 10-Year Price/Tangible Book Range
Min: 0.08   Max: 3.43
Current: 1.31

0.08
3.43
Price/Median PS Value 1.43
IRE's Price/Median PS Value is ranked higher than
59% of the 1931 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.09 vs. IRE: 1.43 )
IRE' s 10-Year Price/Median PS Value Range
Min: 0.09   Max: 2.85
Current: 1.43

0.09
2.85
Earnings Yield (Greenblatt) -3.40
IRE's Earnings Yield (Greenblatt) is ranked higher than
50% of the 1739 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 6.70 vs. IRE: -3.40 )
IRE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.8   Max: 5.7
Current: -3.4

1.8
5.7
Forward Rate of Return (Yacktman) -350.56
IRE's Forward Rate of Return (Yacktman) is ranked lower than
53% of the 1409 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 12.57 vs. IRE: -350.56 )
IRE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -613.9   Max: 2193.5
Current: -350.56

-613.9
2193.5

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) provides a range of banking and other financial services. The Company operates through Retail Ireland, Bank of Ireland Life, Retail UK, Corporate and Treasury. Retail Ireland includes all the group's branch operations in the Republic of Ireland. The branches offer a wide range of financial products and services in addition to the deposit, lending, current account and other money transmission services traditionally offered by banks. It also includes Bank of Ireland Mortgage Bank, ICS Building Society, Private Banking, an instalment credit and leasing business, credit card operations, commercial finance / factoring businesses, the domestic and US foreign exchange operations of First Rate Enterprises and direct telephone and online banking services. Bank of Ireland Life comprises the life assurer, New Ireland Assurance Company PLC, and the business unit which distributes New Ireland investment and insurance products through the group's branch network. New Ireland offers protection, investment and pension products to the Irish market through the group's branch network, independent brokers and its direct sales force. Retail UK comprises Business Banking in Great Britain and Northern Ireland, the branch network in Northern Ireland, the UK residential mortgage business and the business activities with the UK Post Office. The business banking unit provides loan facilities to medium and large corporate clients in addition to international banking, working capital financing, leasing and electronic banking services. Offshore deposit taking services are offered in the Isle of Man. The business activities with the UK Post Office provide a range of retail financial services. The principal constituents of this Corporate and Treasury division are Corporate Banking and Global Markets in addition to Asset Management Services and IBI Corporate Finance. Corporate Banking provides integrated relationship banking services to a significant number of the major Irish 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 the UK, France, Germany and the US. Its international lending business includes acquisition finance, project finance, term lending and asset based financing, principally in the UK, Continental Europe and the US. Global Markets is responsible for managing the group's interest rate and foreign exchange risks, while also executing the group's liquidity and funding requirements. Global Markets trades in a range of market instruments on behalf of the group itself and the group's customers. The trading activities include dealing in inter-bank deposits and loans, foreign exchange spot and forward contracts, options, financial futures, bonds, sw

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