# AIB Group (A5G.IR)

Canonical: https://gigainvestors.com/s/A5G.IR

Analysis as of: 2026-10-16T07:34:30.488Z. Financial observations: FY2015–FY2025.

Listing currency: EUR. Reporting currency: EUR.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: EUR 10.82 per share; close as of 2026-10-15.

Estimated value: low EUR 3.16 per share, central EUR 3.95 per share, high EUR 5.27 per share. Buy at or below the central value EUR 3.95 per share. Valuation as of 2026-10-16T07:34:30.488Z; scenarios are not confidence intervals.

Expected annual return: 7.5% at the stated quote. About 7.5% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; IE 10-year bond 3.6% + 4 points).

## Checklist

### understandable: pass

- Financial history: 10 years

- Profitable years in the last ten: 9

- Required profitable years: 9

- Return on common equity variation (informational): 0.82×

Chart: Net income; fiscal year observations.

- FY2016: EUR 1.3B

- FY2017: EUR 1.1B

- FY2018: EUR 1.1B

- FY2019: EUR 327M

- FY2020: EUR -815M

- FY2021: EUR 582M

- FY2022: EUR 702M

- FY2023: EUR 2.1B

- FY2024: EUR 2.4B

- FY2025: EUR 2.1B

### moat: fail

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- median return on common equity below threshold

- return on tangible common equity below 5% in more than one year

- Bank / P&C ROTE, median of available years: 8.1%

- Required median return: 12.0%

- Return uses tangible common equity: Yes

- Bank ROTE, second-lowest year: 2.6%

- Years with reported combined ratio: 0

Chart: Return on tangible common equity; fiscal year observations.

- FY2016: 10.3%

- FY2017: 8.3%

- FY2018: 8.0%

- FY2019: 2.6%

- FY2020: -6.5%

- FY2021: 4.6%

- FY2022: 6.2%

- FY2023: 14.6%

- FY2024: 16.2%

- FY2025: 15.6%

### economics: fail

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- book value per share plus dividends compounded below 7% annually

- Book value per share + reinvested dividends, annualized return: 6.2%

- Book return interval: 10 years

- Starting book value per share: EUR 4.37

- Ending book value per share: EUR 6.23

Chart: Annual book + dividend return; fiscal year observations.

- FY2016: 7.9%

- FY2017: 4.2%

- FY2018: 3.5%

- FY2019: 0.8%

- FY2020: -2.3%

- FY2021: 2.0%

- FY2022: -8.2%

- FY2023: 28.9%

- FY2024: 15.1%

- FY2025: 14.2%

### management: pass

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- Diluted shares, 10-year annual growth: -2.1%

- Diluted shares, 5-year annual growth: -4.1%

- Share growth excluding flagged crisis recapitalisations: -2.1%

- Five-year share growth excluding flagged crisis recapitalisations: -4.1%

- Flagged crisis recapitalisations: 0

- Book created / earnings retained after dividends and buybacks: 1.13×

- Book value created per share: EUR 1.86

- Earnings retained per share after dividends and buybacks: EUR 1.64

Chart: Shares (first year = 100); fiscal year observations.

- FY2015: 100

- FY2016: 100

- FY2017: 100

- FY2018: 100

- FY2019: 100

- FY2020: 100

- FY2021: 100

- FY2022: 99

- FY2023: 97

- FY2024: 91

- FY2025: 81

### accounting: pass

- Financial accounting warning count: 0

- Known restatement years: 0

## Holders

## Price story

The price assumes profits grow 8.5% a year forever · net income -9%

Story as of 2026-10-16T10:00:00.900Z; price observation 2026-10-15.

The price assumes profits grow 8.5% a year forever

### Net income · FY2025

net income -9%; source https://filings.xbrl.org/635400AKJBGNS5WNQL34/2025-12-31/ESEF/GB/0/635400AKJBGNS5WNQL34-2025-12-31/reports/635400AKJBGNS5WNQL34-2025-12-31.xhtml; observed 2026-03-18.

- FY2016: EUR 1.3B 

- FY2017: EUR 1.1B 

- FY2018: EUR 1.1B 

- FY2019: EUR 327M 

- FY2020: EUR -815M 

- FY2021: EUR 582M 

- FY2022: EUR 702M 

- FY2023: EUR 2.1B 

- FY2024: EUR 2.4B 

- FY2025: EUR 2.1B 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in regional banking; annual sales are EUR 4.5 billion.

- Source: https://filings.xbrl.org/635400AKJBGNS5WNQL34/2025-12-31/ESEF/GB/0/635400AKJBGNS5WNQL34-2025-12-31/reports/635400AKJBGNS5WNQL34-2025-12-31.xhtml (filed 2026-03-18); FY2025: revenue 4508000000.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); A5G.IR: AIB Group plc provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally. It operates through Retail Banking, AIB Capital Markets, Climate & Infrastructure Capital, AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits. It also provides personal, car, home improvement, student, SBCI and government, education, business sustainability, and farm and forestry development loans; merger and acquisition, management buyouts, syndicated debt facilities, infrastructure and project, mezzanine, asset, invoice, trade, revolving credit, corporate credit, prompt pay and insurance premium, structured and specialist, and ibanking financing services; mortgages; business and farmer credit line and overdrafts; and mortgages. In addition, the company offers credit and debit cards; investment funds; life, home, car, travel, and business succession insurance products; and pension products. Further, it provides foreign currency and interest rate risk management, cash management, equity investments, private banking services and advice, lending, treasury, trade facilities, asset finance, and invoice discounting services, as well as wealth management and capital markets services. The company was formerly known as Allied Irish Banks, p.l.c. and changed its name to AIB Group plc in December 2017. AIB Group plc was founded in 1825 and is headquartered in Dublin, Ireland.

### Why customers stay

It earns 8.1% on shareholders’ money, excluding intangible assets.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); 10-year return on tangible equity observations [[2016,0.10340232047663844],[2017,0.08257302767768152],[2018,0.08006982392228294],[2019,0.025511000156030583],[2020,-0.06528879275815108],[2021,0.04595341492301619],[2022,0.06199222889438361],[2023,0.14565371024734983],[2024,0.16232243828437457],[2025,0.15610645278891724]]; median 0.08132142579998222. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 10 of 10 years; bought back EUR 1.2 billion of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); Dividend observations: [[2016,37000000],[2017,250000000],[2018,326000000],[2019,461000000],[2020,46000000],[2021,65000000],[2022,187000000],[2023,166000000],[2024,696000000],[2025,1124000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://filings.xbrl.org/635400AKJBGNS5WNQL34/2025-12-31/ESEF/GB/0/635400AKJBGNS5WNQL34-2025-12-31/reports/635400AKJBGNS5WNQL34-2025-12-31.xhtml (filed 2026-03-18); FY2025: cash repurchases 1200000000 EUR.

### Are managers owners

Insiders own <0.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); A5G.IR SharesStats.PercentInsiders = 0.021 percentage points; cache date 2026-10-16.

### What the price says

The price assumes profits grow 8.5% a year forever.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); Price 10.815; FX 1; original perpetual distributable cash 0.1581267859457906; discount 0.1; growth 0.08537893796155427. Same book-value model and 4× ceiling; no ten-year operating fade applies. Closing-price date 2026-10-15.

## Monthly share-price history (EUR per share)

- 2016-10: EUR 5.30 per share

- 2016-11: EUR 5.70 per share

- 2016-12: EUR 5.00 per share

- 2017-01: EUR 5.03 per share

- 2017-02: EUR 5.00 per share

- 2017-03: EUR 5.05 per share

- 2017-04: EUR 5.24 per share

- 2017-05: EUR 7.10 per share

- 2017-06: EUR 4.95 per share

- 2017-07: EUR 4.95 per share

- 2017-08: EUR 5.01 per share

- 2017-09: EUR 5.09 per share

- 2017-10: EUR 5.07 per share

- 2017-11: EUR 5.45 per share

- 2017-12: EUR 5.50 per share

- 2018-01: EUR 5.62 per share

- 2018-02: EUR 5.40 per share

- 2018-03: EUR 4.89 per share

- 2018-04: EUR 4.94 per share

- 2018-05: EUR 4.67 per share

- 2018-06: EUR 4.65 per share

- 2018-07: EUR 4.90 per share

- 2018-08: EUR 4.84 per share

- 2018-09: EUR 4.41 per share

- 2018-10: EUR 4.27 per share

- 2018-11: EUR 3.88 per share

- 2018-12: EUR 3.68 per share

- 2019-01: EUR 3.90 per share

- 2019-02: EUR 4.14 per share

- 2019-03: EUR 4.00 per share

- 2019-04: EUR 4.14 per share

- 2019-05: EUR 3.68 per share

- 2019-06: EUR 3.60 per share

- 2019-07: EUR 3.10 per share

- 2019-08: EUR 2.30 per share

- 2019-09: EUR 2.72 per share

- 2019-10: EUR 2.87 per share

- 2019-11: EUR 2.97 per share

- 2019-12: EUR 3.11 per share

- 2020-01: EUR 2.65 per share

- 2020-02: EUR 2.10 per share

- 2020-03: EUR 1.02 per share

- 2020-04: EUR 1.25 per share

- 2020-05: EUR 1.00 per share

- 2020-06: EUR 1.12 per share

- 2020-07: EUR 1.06 per share

- 2020-08: EUR 1.03 per share

- 2020-09: EUR 0.88 per share

- 2020-10: EUR 0.96 per share

- 2020-11: EUR 1.51 per share

- 2020-12: EUR 1.68 per share

- 2021-01: EUR 1.47 per share

- 2021-02: EUR 1.86 per share

- 2021-03: EUR 2.24 per share

- 2021-04: EUR 2.43 per share

- 2021-05: EUR 2.73 per share

- 2021-06: EUR 2.17 per share

- 2021-07: EUR 2.07 per share

- 2021-08: EUR 2.56 per share

- 2021-09: EUR 2.35 per share

- 2021-10: EUR 2.34 per share

- 2021-11: EUR 1.93 per share

- 2021-12: EUR 2.14 per share

- 2022-01: EUR 2.34 per share

- 2022-02: EUR 2.35 per share

- 2022-03: EUR 2.00 per share

- 2022-04: EUR 2.08 per share

- 2022-05: EUR 2.50 per share

- 2022-06: EUR 2.17 per share

- 2022-07: EUR 2.21 per share

- 2022-08: EUR 2.27 per share

- 2022-09: EUR 2.49 per share

- 2022-10: EUR 2.93 per share

- 2022-11: EUR 3.09 per share

- 2022-12: EUR 3.62 per share

- 2023-01: EUR 3.84 per share

- 2023-02: EUR 4.05 per share

- 2023-03: EUR 3.74 per share

- 2023-04: EUR 3.90 per share

- 2023-05: EUR 3.83 per share

- 2023-06: EUR 3.85 per share

- 2023-07: EUR 4.28 per share

- 2023-08: EUR 4.20 per share

- 2023-09: EUR 4.26 per share

- 2023-10: EUR 4.09 per share

- 2023-11: EUR 4.25 per share

- 2023-12: EUR 3.88 per share

- 2024-01: EUR 4.08 per share

- 2024-02: EUR 4.29 per share

- 2024-03: EUR 4.70 per share

- 2024-04: EUR 4.87 per share

- 2024-05: EUR 5.22 per share

- 2024-06: EUR 4.94 per share

- 2024-07: EUR 5.30 per share

- 2024-08: EUR 5.45 per share

- 2024-09: EUR 5.15 per share

- 2024-10: EUR 4.89 per share

- 2024-11: EUR 5.15 per share

- 2024-12: EUR 5.33 per share

- 2025-01: EUR 5.70 per share

- 2025-02: EUR 6.73 per share

- 2025-03: EUR 5.95 per share

- 2025-04: EUR 5.92 per share

- 2025-05: EUR 6.92 per share

- 2025-06: EUR 6.99 per share

- 2025-07: EUR 6.95 per share

- 2025-08: EUR 6.94 per share

- 2025-09: EUR 7.72 per share

- 2025-10: EUR 7.99 per share

- 2025-11: EUR 8.85 per share

- 2025-12: EUR 9.20 per share

- 2026-01: EUR 9.45 per share

- 2026-02: EUR 8.85 per share

- 2026-03: EUR 9.02 per share

- 2026-04: EUR 9.80 per share

- 2026-05: EUR 10.10 per share

- 2026-06: EUR 10.28 per share

- 2026-07: EUR 10.26 per share

- 2026-08: EUR 10.97 per share

- 2026-09: EUR 11.53 per share

- 2026-10: EUR 10.95 per share

## Annual estimated value (EUR per share)

- FY2019: low EUR 3.27 per share, central EUR 3.60 per share, high EUR 4.00 per share

- FY2020: low EUR 2.13 per share, central EUR 2.34 per share, high EUR 2.60 per share

- FY2021: low EUR 2.70 per share, central EUR 2.97 per share, high EUR 3.30 per share

- FY2022: low EUR 1.33 per share, central EUR 1.62 per share, high EUR 2.08 per share

- FY2023: low EUR 2.10 per share, central EUR 2.63 per share, high EUR 3.50 per share

- FY2024: low EUR 2.85 per share, central EUR 3.56 per share, high EUR 4.75 per share

- FY2025: low EUR 3.01 per share, central EUR 3.76 per share, high EUR 5.01 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:40:16.296Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original ESEF filing](https://filings.xbrl.org/635400AKJBGNS5WNQL34/2025-12-31/ESEF/GB/0/635400AKJBGNS5WNQL34-2025-12-31/reports/635400AKJBGNS5WNQL34-2025-12-31.xhtml); period 2025-12-31, filed 2026-03-18.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.