Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
KBC Ancora SA is a financial services holding company based in Leuven, Belgium, dedicated exclusively to maintaining and managing a substantial participating interest of approximately 18.6% in KBC Group NV. Incorporated in 1998 and formerly known as Almancora SCA, its primary purpose is to ensure shareholder stability for KBC Group, a leading Belgian bank-insurer active in retail banking, insurance, and asset management across core markets including Belgium, the Czech Republic, Bulgaria, Hungary, and Slovakia. As part of KBC Group's core shareholder structure alongside Cera S.C.R.L., MRBB, and other permanent shareholders, KBC Ancora SA upholds long-term ownership commitments through a dedicated shareholder agreement, contributing to the institution's steady development. The company generates income solely from dividends received from its KBC Group stake, featuring minimal operational costs and a balance sheet centered on financial fixed assets valued at around EUR 3,600 million as of mid-2025. Classified in the asset management industry with a mid-value stock profile, KBC Ancora SA distributes dividends to its own shareholders, playing a pivotal role in the European financial sector's ownership landscape.
€83.00
+€0.00 (+0.00%)
EOD Jun 23, 2026 · Twelve Data
Revenue declined 14.2% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 16% versus the prior year, cash generation momentum has weakened.
20.2x earnings, 20.0x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€319M
▼ -14.2% YoY
Net Income (TTM)
€315M
▼ -14.4% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
€319M
▼ -15.8% YoY
Op. Cash Flow (TTM)
€319M
▼ -15.8% YoY
Net Debt
€100M
Cash & Equiv.
€176K
3Y CAGR: -26.7%
3Y CAGR: -26.9%
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At a P/E of 20.2 and a price-to-free-cash-flow of 20.0, KBC Ancora SA (KBCA.XBRU) trades below a two-stage DCF intrinsic value of about €207.99 per share, so at €83.00 the stock looks undervalued (150.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, KBC Ancora SA scores 37/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.2%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €207.99 per share for KBCA.XBRU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €155.99. At today's €83.00, that puts the stock about 150.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
KBC Ancora SA scores 37 out of 100 on Intrinsiqq's quality score, passing 1 of 6 checks, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, KBC Ancora SA pays a regular dividend of about €3.51 per share per year (typically in quarterly installments), a yield of roughly 4.2% at the current price. That is a payout ratio of about 85.7% of earnings, so the dividend is stretched at this level. KBC Ancora SA has grown the dividend at roughly 103.7% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For KBCA.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. KBCA.XBRU currently trades below its estimated intrinsic value and scores 37/100 on quality (lower-quality). It also yields about 4.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.