PLY Analytics co-founder Vitalij \u0160ostak commented for Verslo \u017einios on the attractiveness of \u0160iauli\u0173 bankas shares compared with Estonian banks.<\/p>\n\n\n\n
\u201cFresh results have somewhat improved \u0160iauli\u0173 bankas position against the backdrop of Estonian banks, but essentially did not change it\u201d, notes V. \u0160ostak. \u201c\u0160iauli\u0173 bankas has for some time now lost its long-standing position as a \u2018clear value leader,\u2019 and the latest results did not help it regain that position.\u201d<\/p>\n\n\n\n
V. \u0160ostak draws attention to the lagging return on equity and the almost vanished valuation discount of the Lithuanian bank compared with Estonian banks: \u201cin the context of P\/BV, SAB is more expensive than Coop Pank despite lower return on equity, while the remaining P\/BV premium of LHV Group is fully justified by an almost two-times higher ROE. In the context of P\/E, \u0160iauli\u0173 bankas is already significantly more expensive than Coop Pank and has practically caught up with LHV Group.\u201d<\/p>\n\n\n\n
\u201cIt is rather ironic that for a very long time the opposite question used to be relevant for \u0160iauli\u0173 bankas shares. Moreover, \u0160iauli\u0173 bankas valuations are starting to look fairly ambitious even in their own historical context,\u201d concludes V. \u0160ostak.<\/p>\n\n\n\n