olivLaw · European equity research
Oberbank AG OBS.VI
Austria · Wiener Börse · ISIN AT0000625108 · Vertical: Listed companies from Austria
Oberbank AG is an independent regional bank headquartered in Linz, offering universal services to private and corporate clients in Austria, Germany, the Czech Republic, Slovakia and Hungary. For 2026 the bank expects a slight increase in net interest income and a higher commission result, while it continues its organic growth strategy.
At the close of 05 Nov 2026, Oberbank AG (OBS.VI) stock was 83.60 EUR (+0.00% on the day), with beta 0.01, 52-week range 76.20–83.60 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 79.7
- overbought (≥ 70)
- Bollinger (20, 2)
- 82.94 – 83.94
- in the upper half of the band · %B 0.66 · band width 1.2%
- SMA 50 / 200
- 82.28 / 74.85
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.40 / 0.49
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | unavailable | +0.4% | unavailable | — |
| 3 months | +0.5% | −3.3% | +3.7 pp | — |
| 6 months | +1.7% | +4.0% | −2.3 pp | — |
| Year to date | +9.7% | +8.1% | +1.6 pp | — |
| 1 year | +10.0% | +10.7% | −0.7 pp | +5.4% |
| 3 years | unavailable | +50.1% | unavailable | +8.1% |
| 5 years | +83.3% | +43.6% | +39.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable | unavailable |
| Net income | 381.3 m | 378.1 m | 371.0 m |
| Net income YoY | unavailable | −0.8% | −1.9% |
| Diluted EPS | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | unavailable |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 2.4 bn EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 4.4 bn EUR
- Total assets
- 29.4 bn EUR
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 8.7%
- ROA
- 1.3%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Income statement · EUR
Balance sheet · EUR
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 564.8 m | 412.5 m | 168.4 m | esef· 15 Apr 2026verified |
| Investing cash flow | 11.5 m | -313.4 m | -464.1 m | esef· 15 Apr 2026verified |
| Financing cash flow | -27.4 m | -132.0 m | -78.5 m | esef· 15 Apr 2026verified |
| Dividends paid | 51.2 m | 70.6 m | 81.2 m | esef· 15 Apr 2026verified |
| Share repurchases | — | 0 | 30.0 m | esef· 15 Apr 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 0 of at least 6
- score weight coverage: 0.0% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
0% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · input data missing
- Dividend discount (DDM)unavailable · input data missing
no valuation method could be computed
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 0 of at least 6; score weight coverage: 0.0% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Oberbank AG (OBS.VI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: ROE 8.8%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 0 of at least 6; score weight coverage: 0.0% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Austria · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| OMV.VIOmv Aktiengesellschaft | 35.6 bn | 23.4 | 8.9% | 6.3% | −7.2% | +53% / +86% |
| VER.VIVerbund AG | 26.2 bn | 17.6 | 14.7% | 18.6% | −2.8% | +19% / −14% |
| STR.VIStrabag Se | 11.7 bn | 12.8 | 17.2% | 4.9% | +7.4% | +32% / +168% |
| ANDR.VIAndritz AG | 8.1 bn | 17.7 | 19.3% | 5.8% | −5.2% | +33% / +66% |
| VOE.VIvoestalpine AG | 7.1 bn | 17.0 | 5.7% | 2.8% | −4.3% | +12% / +61% |
| EVN.VIEvn AG | 5.5 bn | 12.5 | 6.9% | 14.6% | +3.8% | +15% / +14% |
| ATS.VIAT & S Austria Technologie & Systemtechnik Aktiengesellschaft | 2.5 bn | — | -2.4% | -1.4% | +12.7% | +238% / +346% |
| DOC.VIDO & CO Aktiengesellschaft | 2.4 bn | 22.2 | 24.0% | 4.3% | +7.1% | +12% / +70% |
| CPI.VICPI Europe AG | 2.2 bn | 4.2 | 12.2% | 68.2% | −6.7% | +1% / −17% |
| POST.VIÖsterreichische Post Aktiengesellschaft | 2.2 bn | 16.4 | 18.3% | 4.3% | −2.6% | +6% / +2% |
| WIE.VIWienerberger AG | 1.9 bn | 11.7 | 5.9% | 3.6% | +1.2% | −40% / −32% |
| LNZ.VILenzing Aktiengesellschaft | 1.8 bn | — | -11.8% | -5.2% | −2.3% | −48% / −65% |
| MMK.VIMayr-Melnhof Karton Aktiengesellschaft | 1.3 bn | 17.1 | 3.6% | 1.9% | −4.8% | −21% / −41% |
| POS.VIPorr AG | 1.2 bn | 10.7 | 12.9% | 1.8% | +1.7% | +6% / +167% |
| AMAG.VIAMAG Austria Metall AG | 1.1 bn | 33.4 | 4.7% | 2.3% | +2.1% | +34% / +19% |
| BMAG.VIPIERER Mobility AG | 1.1 bn | 1.8 | 638.9% | 58.9% | −46.3% | +85% / −47% |
| FQT.VIFrequentis AG | 790.7 m | 28.1 | 15.5% | 4.9% | +20.8% | −14% / +111% |
| ETS.VIEuroTeleSites AG | 745.4 m | 22.3 | 8.8% | 11.9% | +3.7% | −6% / +34% |
| AGR.VIAGRANA Beteiligungs-Aktiengesellschaft | 722.9 m | — | -3.6% | -1.2% | −7.9% | −3% / −15% |
| FACC.VIFacc AG | 602.4 m | 28.4 | 9.1% | 2.2% | +11.3% | +22% / +127% |
| ROS.VIRosenbauer International AG | 591.1 m | 11.9 | 17.4% | 3.5% | +9.4% | +35% / +104% |
| 1AST.VIASTA Energy Solutions AG | 467.7 m | 15.5 | 42.3% | 4.3% | +8.3% | unavailable / unavailable |
| SBO.VISbo AG | 456.6 m | 19.4 | 5.2% | 5.2% | −18.8% | +5% / −30% |
| SEM.VISemperit Aktiengesellschaft Holding | 379.1 m | 902.5 | 0.1% | 0.1% | −2.1% | +39% / +28% |
| ACAG.VIAustriacard Holdings AG | 347.8 m | 25.6 | 11.4% | 4.1% | −8.2% | +76% / +65% |
1- and 3-year price returns: for OBS.VI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Oberbank AG is an independent regional bank headquartered in Linz, offering universal services to private and corporate clients in Austria, Germany, the Czech Republic, Slovakia and Hungary. For 2026 the bank expects a slight increase in net interest income and a higher commission result, while it continues its organic growth strategy.
SWOT
Strengths
- Independent regional bank with solid local ties and a diversified client base.
- Broad range of financial products, from accounts to investments, loans and international services for companies.
- Experience in sustainable products and in partnerships with European and public institutions.
Weaknesses
- Dependence on the Austrian and German markets, where most of the staff and activity are concentrated.
- Net interest income is sensitive to falling interest rates, which reduced results in this segment.
- A smaller scale than large banking groups may limit resources for technology investment.
Opportunities
- Growth in corporate and private lending could support net interest income if the economic environment keeps improving.
- Expanding digital services and artificial intelligence could raise efficiency and attract new clients.
- Developing sustainable financing could open new opportunities with corporate clients undergoing energy transition.
Threats
- Competitive pressure from large banks and fintechs could compress margins in core segments.
- Geopolitical uncertainty and tensions in financial markets could affect results and portfolio quality.
- Regulatory changes on sustainability and reporting could raise compliance costs.
Risks
- Credit riskmedium
A weaker economy could raise defaults and the need for provisions, affecting net profit.
- Interest rate riskmedium
Sudden changes in interest rates could affect net interest income and the value of the securities portfolio.
- Geopolitical riskmedium
The Middle East conflict creates uncertainties whose effect on 2026 cannot be estimated at this time.
- Regional concentration risklow
Activity concentrated in a few markets could amplify the impact of a local economic crisis.
- Sustainability risklow
Growing reporting requirements and the development of the green loan portfolio could bring costs and data risks.
Investment thesis
What would need to be true (bull case)
- A more favourable economic environment in Austria and Germany could support growth in lending and commission income, as management expects.
- If interest rate stability holds, net interest income could rise slightly, building on the lending growth of the previous year.
- Strategy 2030 and investment in digitalisation could improve efficiency and the ability to attract new clients.
What would break the thesis
- Geopolitical uncertainties could affect markets and the bank's results in ways that cannot be estimated now.
- Competitive pressure from large banks and fintechs could compress margins in core segments.
- The 2026 result depends heavily on the investment portfolio and market developments, which makes a precise estimate difficult.
What to watch
- Development of net interest income and commission income2026
- Level of loan loss provisions2026
- Effects of the Middle East conflict on the bank's activity2026
- Progress of strategy 2030 and sustainable financing targets2030
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Oberbank AG presents itself as an independent Austrian regional bank headquartered in Linz, whose branch network covers five markets: Austria, Germany, the Czech Republic, Slovakia and Hungary 1. The bank serves both private and corporate clients and describes itself as a universal bank offering the full range of financial services. At the end of 2025 it had 2,386 employees, most of them in Austria 1.
The offering includes accounts and payment services, savings and investment products, loans for private clients, as well as working capital and investment financing, leasing and international business for companies. Private Banking provides wealth advisory, asset management, securities and funds 1. The bank has also developed an extensive range of sustainable products, from green loans to sustainable accounts.
Under its strategy process 2030, the bank aims to expand its market share in all markets, further improve its capital market access and advance digitalisation and possible uses of artificial intelligence 1. The sustainability strategy includes a target of 2.6 bn EUR of new sustainable corporate financing between 2026 and 2030 1.
Segments
Private clients
For private clients the bank offers accounts, savings, loans, insurance and pension products, as well as investment services and funds. Sustainable products such as green accounts and loans for energy renovation or e-mobility are also available 1.
Corporate clients
For companies Oberbank covers working capital and investment financing, leasing and international business, including EIB green refinancing programmes and OeKB instruments for green investments 1.
Private Banking and investments
The wealth management division offers advisory, portfolio management and funds, including sustainable solutions and funds from the cooperation with 3 Banken-Generali 1.
Market context
Oberbank operates as a regional bank in Austria, Germany, the Czech Republic, Slovakia and Hungary, with a major presence in Austria, where it is headquartered and where most of its staff are based 1. The bank describes a economic environment that is increasingly brightening in Austria and Germany for 2026 1.
Falling interest rates reduced net interest income in 2025 but stimulated lending growth. Management does not expect major changes in interest rates, which is why it assumes a slight increase in net interest income 1.
Trends
- More favourable economic environmenttailwind
Management sees the economy brightening in Austria and Germany, which could support loan demand and business activity.
- Stable interest ratesmixed
The expectation that rates will not change significantly supports an estimate of slightly higher net interest income, but limits gains from interest margins.
- Digitalisation and artificial intelligencetailwind
The bank is working on further digitalisation and on useful applications of artificial intelligence, which could lower costs and improve client experience.
- Geopolitical uncertaintyheadwind
The Middle East conflict has created additional uncertainty, and its effects on 2026 cannot currently be estimated, which could weigh on financial markets and credit risk.
Competitive position
Oberbank competes with other regional banks and large banking groups in Austria, Germany and Central Europe, especially for corporate clients in Austria and Germany. Its positioning as a regional bank with local ties is a point of differentiation.
In savings and investment markets the bank competes with funds and specialised banks, and its advantage lies in partnerships with insurance and fund providers, as well as in the sustainable solutions it has developed for clients.
- Erste Group Bank
Austrian bank with a similar regional presence in Central and Eastern Europe, a direct competitor in the Austrian market.
- Raiffeisen Bank International
Austrian banking group active in several Central and Eastern European countries, competing in the corporate segment.
- Bausparkasse Wüstenrot
Cooperation partner of the bank for savings and housing products, and also an actor in the savings market.
- Generali Versicherung
Cooperation partner of the bank for insurance and pension products, also active as a competing provider in long-term savings.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202515 Apr 2026
- Annual report 202415 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Oberbank AG · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.