Banca Transilvania S.A.

TLV

Banca Transilvania S.A. provides various banking products and services in Romania, Italy, and the Republic of Moldova.The company operates through Large Corporate Clients, Medium Corporate Customers,...

Website | Banks | Financials

Automated Financial Analysis

🤵

Financial Advisor Insight

"The stock appears significantly undervalued compared to its earnings potential. Technicals confirm a positive long-term trend, supported by moving averages. Growth forecasts are robust, which could drive future appreciation."

Sentiment: Neutral Action: Buy

"Company demonstrates strong financial health with positive growth and stability indicators."

Strong Revenue Growth (26.2% CAGR).
High Profitability (Net Margin: 48.0%).
Undervalued based on PE (Current: 7.9 vs Fair: 15).
Bullish Trend (SMA50 > SMA200).
Forecast: Continued Revenue Growth (~10.7% next year).

Technical Analysis

Trend Bullish (Long Term)
Last Cross
Golden Cross (1 year ago)
RSI (14) 63.4
SMA 50 30.90
SMA 200 28.03

Price Valuation

Current Price 33.02
Fair Value (PE 15) 62.72
Undervalued 90%
Graham Number 37.87
Upside 15%

Forecast

Rev Forecast (Next Yr) 10,511M
Growth Forecast 10.7%

📊 Market & Peer Context

Benchmark: BET
Volatility (Beta)
0.05
Less Volatile than Market
Correlation
0.04
Moves with Market
Relative Strength (1Y)
-19.43%
vs Benchmark
Index Returns (1Y)
79.5%
BET

Historical Performance

Metric 5Y 3Y 1Y YTD 6M 3M 1M 1W
TLV 124.1% 115.9% 20.2% 9.3% 0.0% 0.0% 0.0% 0.0%
BET - 175.8% 79.5% 47.9% 32.1% 26.7% 6.0% 0.2%
Alpha (Diff) - -59.9% -59.4% -38.6% -32.1% -26.7% -6.0% -0.2%

Financial Reports

Price Chart

ETAPA 1 • MUST HAVE

6/8
Healthy Leverage (Debt/Equity)
0.90
Target: < 1.5
Gross Margin vs Industry
72.8% vs 0.0%
Target: > 0.0%
Operating Cash Flow vs Profit
0%
Target: > 1.0
Free Cash Flow vs Profit
-440%
Target: > 0.8
ROIC (Return on Capital)
13.78%
Target: Positive
ROIC vs WACC
ROIC: 13.8% / WACC: 13.7%
Target: > WACC
ROE (Return on Equity)
30.2%
Target: > 10%
EBITDA Positive
5,442.37M
Target: > 0

ETAPA 2 • CRITERII

5/9
Interest Coverage
Target: > 3x • 0.0x
Miss
Net Margin vs Industry
Target: > 0.0% • 48.0%
Passed
ROA vs Industry
Target: > 1.9% • 2.5%
Passed
Current Ratio
Target: > 1.5 • N/A
N/A
Assets Growth (5y)
Target: > 0% • 17.8% CAGR
Passed
FCF CAGR (5y)
Target: > 5% • 0.0%
Miss
EV/EBITDA vs Industry
Target: < Industry • 0.0 vs 0.0
Miss
Net Debt / EBITDA
Target: < 3 • 2.87
Passed
Revenue CAGR (5y)
Target: > 5% • 26.2%
Passed

SNAPSHOT COMPANIE

Capitalizare
35.97B RON
EBITDA
5,442.37M
P/E Ratio
7.90
PEG Ratio
0.30
Dividend Yield
6.93%
Beta
0.05
Valoare Intrinsecă (Graham)
37.87 RON
Discount
+14.7%

financial report

Annual Data
Metric TTM 2025 2024 2023 2022
Fiscal Year 2,026 2,025 2,024 2,023 2,022
Fiscal Quarter Q1 Q4 Q4 Q4 Q4
Marketcap 45,612,138,943 32,927,731,014 25,120,955,177 19,328,911,400 14,062,692,269
Market Cap Growth 56.13% 31.08% 29.97% 37.45% -13.41%
Last Close Ratios 4,196.00% 2,920.52% 2,033.14% 1,530.98% 1,057.72%
Pe 9.69 7.35 5.52 6.69 5.85
Pe Forward 10.66 8.50 6.66 7.71 6.31
PS Ratio 4.03 3.01 2.65 2.61 2.39
PB Ratio 1.90 1.41 1.44 1.39 1.49
Ptbv Ratio 2.10 1.57 1.62 1.56 1.70
Debt / Equity Ratio 0.85 0.89 0.90 0.91 0.75
Net Debt / Equity Ratio 0.20 -0.17 -0.29 -0.45 -0.50
Net Debt / FCF Ratio -0.23 0.56 0.25 0.54 0.30
Roe 23.17% 22.88% 30.20% 25.54% 24.84%
Return on Assets (ROA) 2.27% 2.16% 2.51% 1.93% 1.82%
Earnings Yield 10.35% 13.60% 18.13% 14.95% 17.10%
FCF Yield -46.57% -20.93% -79.70% -59.86% -110.89%
Dividend Yield 4.59% 6.60% 7.17% 5.99% 6.93%
Payout Ratio 44.71% 47.11% 20.55% 31.08% 33.34%
Buyback Yield / Dilution 3.45% 0.02% -0.06% 0.01% 0.02%
Totalreturn 8.04% 6.61% 7.11% 6.00% 6.96%

Balance Sheet

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Cash & Equivalents 11,851,387,000 17,273,291,000 16,145,669,000 7,962,194,000 12,442,726,000
Other Receivables 597,906,000 683,489,000 443,194,000 451,734,000 519,565,000
Restricted Cash 19,007,337,000 16,501,355,000 19,984,835,000 10,137,298,000 14,631,699,000
Property, Plant & Equipment 2,164,989,000 1,969,297,000 1,706,183,000 1,642,596,000 1,555,304,000
Goodwill 156,970,000 156,915,000 154,363,000 154,363,000 22,424,000
Assets 213,192,285,000 207,035,478,000 169,169,225,000 140,510,795,000 132,501,190,000
Current Portion of Leases - 171,407,000 141,535,000 130,845,000 132,537,000
Current Income Taxes Payable 198,321,000 215,042,000 103,884,000 - 68,357,000
Long-Term Leases 561,234,000 446,091,000 391,816,000 362,111,000 366,060,000
Common Stock 10,989,724,000 9,168,799,000 7,986,582,000 7,076,582,000 6,311,470,000
Additional Paid-In Capital 28,110,000 32,033,000 31,235,000 31,235,000 31,235,000
Retained Earnings 8,805,256,000 8,985,148,000 6,592,318,000 5,447,435,000 4,601,768,000
Total Common Equity 18,686,179,000 16,617,540,000 13,223,992,000 8,918,866,000 10,092,282,000
Shareholders' Equity 19,509,838,000 17,436,573,000 13,896,508,000 9,471,533,000 10,564,134,000
Liabilitiesequity 213,192,285,000 207,035,478,000 169,169,225,000 140,510,795,000 132,501,190,000
Filing Date Shares Outstanding 1,088,893,557 1,090,021,467 1,090,148,189 1,088,854,033 1,087,697,901
Total Common Shares Outstanding 1,088,893,557 1,090,021,467 1,090,148,189 1,088,854,033 1,087,697,901
Book Value Per Share 17.16 15.25 12.13 8.19 9.28
Tangible Book Value 17,436,070,000 15,487,403,000 12,375,958,000 8,258,265,000 9,663,614,000
Tangible Book Value Per Share 16.01 14.21 11.35 7.58 8.88
Total Debt 19,303,338,000 15,621,071,000 12,593,945,000 7,123,839,000 10,229,760,000
Netcash -2,498,241,000 6,159,598,000 6,223,122,000 3,618,259,000 4,484,393,000
Net Cash Growth - -1.02% 71.99% -19.31% -34.01%
Netcashpershare -2.29 5.65 5.72 3.32 4.12
Treasury Stock -26,511,000 -39,528,000 -28,269,000 -64,750,000 -15,287,000
Investment Securities 69,243,066,000 68,390,886,000 50,483,229,000 48,674,383,000 45,448,299,000
Trading Asset Securities 2,121,865,000 2,031,861,000 1,703,171,000 539,813,000 419,377,000
Total Investment 71,364,931,000 70,422,747,000 52,186,400,000 49,214,196,000 45,867,676,000
Gross Loans 112,301,476,000 103,366,737,000 81,353,346,000 73,198,318,000 60,448,313,000
Allowance for Loan Losses -6,609,793,000 -5,605,968,000 -4,849,625,000 -4,515,994,000 -3,935,719,000
Other Adjustments to Gross Loans -698,749,000 -725,966,000 -494,074,000 -270,050,000 -121,128,000
Net Loans 104,992,934,000 97,034,803,000 76,009,647,000 68,412,274,000 56,391,466,000
Investments in Real Estate - 272,710,000 86,780,000 19,807,000 932,000
Long-Term Deferred Tax Assets 301,040,000 462,239,000 354,481,000 791,605,000 257,885,000
Other Current Assets 1,482,706,000 1,117,065,000 1,253,067,000 1,160,349,000 365,371,000
Accrued Expenses 286,300,000 241,501,000 122,431,000 91,111,000 61,295,000
Interest Bearing Deposits 88,046,305,000 86,025,146,000 67,637,359,000 53,150,976,000 40,311,273,000
Non-Interest Bearing Deposits 80,843,350,000 82,795,275,000 71,450,208,000 68,258,835,000 68,734,615,000
Total Deposits 168,889,655,000 168,820,421,000 139,087,567,000 121,409,811,000 109,045,888,000
Short-Term Borrowings 2,662,377,000 436,548,000 452,060,000 1,860,269,000 6,539,745,000
Other Current Liabilities 42,798,000 35,090,000 30,950,000 26,639,000 26,567,000
Long-Term Debt 16,079,727,000 14,567,025,000 11,608,534,000 4,770,614,000 3,191,418,000
Pension & Post-Retirement Benefits 94,783,000 232,768,000 92,956,000 58,670,000 54,244,000
Long-Term Deferred Tax Liabilities - - - - -
Other Long-Term Liabilities 4,867,252,000 4,433,012,000 3,240,984,000 2,329,192,000 2,450,945,000
Total Liabilities 193,682,447,000 189,598,905,000 155,272,717,000 131,039,262,000 121,937,056,000
Comprehensive Income & Other -1,110,400,000 -1,528,912,000 -1,357,874,000 -3,571,636,000 -836,904,000
Minority Interest 823,659,000 819,033,000 672,516,000 552,667,000 471,852,000
Other Intangible Assets 1,093,139,000 973,222,000 693,671,000 506,238,000 406,244,000
Other Long-Term Assets 178,946,000 168,345,000 150,935,000 58,141,000 39,898,000

Cash Flow Statement

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Net Income 3,990,721,000 4,554,834,000 2,889,718,000 2,404,376,000 1,983,335,000
Ncfo -6,205,180,000 -19,807,174,000 -11,368,846,000 -15,385,180,000 -5,453,447,000
Capital Expenditures -257,904,000 -213,419,000 -201,047,000 -209,080,000 -202,665,000
Cash Acquisitions 2,916,998,000 2,916,998,000 - -267,347,000 328,893,000
Ncfi 1,719,900,000 839,148,000 6,603,450,000 -4,885,971,000 -10,917,543,000
Long-Term Debt Issued - 4,055,962,000 7,652,789,000 1,739,558,000 81,502,000
Long-Term Debt Repaid - -4,647,182,000 -1,240,555,000 -1,046,390,000 -506,652,000
Common Dividends Paid -1,468,397,000 -936,184,000 -898,221,000 -801,623,000 -496,614,000
Financing Cash Flow 6,129,969,000 13,394,298,000 22,428,471,000 11,702,595,000 16,749,220,000
Net Cash Flow 1,644,689,000 -5,573,728,000 17,663,075,000 -8,568,556,000 378,230,000
Free Cash Flow -6,463,084,000 -20,020,593,000 -11,569,893,000 -15,594,260,000 -5,656,112,000
Fcf Margin -62.61% -210.86% -156.39% -265.19% -121.95%
Fcfps -5.94 -18.38 -10.63 -14.32 -5.19
Cash Interest Paid 4,638,382,000 4,202,854,000 2,937,238,000 1,314,930,000 515,762,000
Cash Taxes Paid 848,841,000 645,110,000 586,381,000 332,891,000 213,079,000
Depreciation & Amortization 380,459,000 337,992,000 312,000,000 285,354,000 251,818,000
Other Amortization 178,708,000 178,708,000 138,548,000 107,642,000 106,013,000
Total Asset Writedown 1,545,000 1,691,000 -5,017,000 713,779,000 554,764,000
Provision for Credit Losses 1,153,810,000 772,262,000 549,789,000 - -
Change in Trading Asset Securities -25,291,000 -106,326,000 107,263,000 -160,009,000 -22,206,000
Change in Other Net Operating Assets -9,735,185,000 -24,032,914,000 -14,926,059,000 -18,644,949,000 -7,130,884,000
Other Operating Activities -2,005,252,000 -1,488,411,000 -376,790,000 -108,625,000 -1,157,878,000
Gain (Loss) on Sale of Investments -144,695,000 -25,010,000 -58,298,000 17,252,000 -38,409,000
Sale of Property, Plant and Equipment 20,564,000 3,649,000 3,041,000 4,531,000 2,709,000
Purchase / Sale of Intangibles -433,071,000 -370,479,000 -297,107,000 -178,077,000 -158,719,000
Investment in Securities -2,457,395,000 -3,074,015,000 5,334,931,000 -5,431,484,000 -12,082,149,000
Net Increase (Decrease) in Deposit Accounts 8,259,067,000 15,848,405,000 17,245,415,000 12,084,146,000 17,822,633,000
Other Financing Activities -973,686,000 -796,256,000 -298,628,000 -122,799,000 -89,991,000
Foreign Exchange Rate Adjustments - - - - -
Net Debt Issued (Repaid) 494,858,000 -591,220,000 6,412,234,000 693,168,000 -425,150,000
Repurchase of Common Stock -181,873,000 -130,447,000 -32,329,000 -150,297,000 -61,658,000
Other Investing Activities 1,930,708,000 1,576,414,000 1,763,632,000 1,195,486,000 1,194,388,000

Income Statement

Annual Data
Metric TTM TTM 2024 2023 2022
Fiscal Year 2,025 2,025 2,024 2,023 2,022
Fiscal Quarter Q3 Q2 Q4 Q4 Q4
Revenue 10,322,623,000 9,933,911,000 9,494,945,000 7,397,893,000 5,880,478,000
Revenue Growth (YoY) 14.61% 19.83% 28.35% 25.80% 26.78%
Income Tax Expense 796,878,000 712,776,000 711,845,000 721,733,000 312,636,000
Minority Interest in Earnings -99,585,000 -96,118,000 -175,690,000 -94,512,000 -84,041,000
Net Income 3,990,721,000 4,458,728,000 4,554,834,000 2,889,718,000 2,404,376,000
Net Income to Common 3,990,721,000 4,458,728,000 4,554,834,000 2,889,718,000 2,404,376,000
Net Income Growth -9.92% 30.86% 57.62% 20.19% 21.23%
Shares Basic 1,089,021,646 1,089,018,763 1,089,265,362 1,088,789,261 1,088,940,241
Diluted Shares Outstanding 1,089,021,646 1,089,018,763 1,089,265,362 1,088,789,261 1,088,940,241
Shares Yo Y 0.00 0.00 0.00 0.00 0.00
Eps Basic 3.66 4.09 4.18 2.65 2.21
EPS (Diluted) 3.66 4.09 4.18 2.65 2.21
EPS Growth -9.88% 30.91% 57.56% 20.20% 21.26%
Fcf -6,463,084,000 -11,670,781,000 -20,020,593,000 -11,569,893,000 -15,594,260,000
Fcfps -5.94 -10.72 -18.38 -10.63 -14.32
Dps 1.46 1.46 1.46 0.92 0.73
Dividend Growth 58.94% 58.94% 58.94% 25.05% -0.08%
Profit Margin 38.66% 44.88% 47.97% 39.06% 40.89%
Fcf Margin -62.61% -117.48% -210.86% -156.39% -265.19%
Taxrate 0.16 0.14 0.13 0.19 0.11
Interest Income on Loans 11,885,103,000 11,627,582,000 10,692,264,000 8,432,799,000 5,769,630,000
Interest Income on Investments 590,698,000 606,413,000 551,024,000 408,201,000 262,146,000
Interest Income Total Bank 12,475,801,000 12,233,995,000 11,243,288,000 8,841,000,000 6,031,776,000
Interest Paid on Deposits 4,607,524,000 4,522,255,000 4,323,349,000 3,579,328,000 1,602,950,000
Total Interest Expense 4,622,540,000 4,536,546,000 4,335,526,000 3,584,320,000 1,605,117,000
Interest Paid on Borrowings 15,016,000 14,291,000 12,177,000 4,992,000 2,167,000
Net Interest Income Bank 7,853,261,000 7,697,449,000 6,907,762,000 5,256,680,000 4,426,659,000
Net Interest Income Growth Bank 21.29% 31.52% 31.41% 18.75% 40.88%
Income From Trading Activities 1,172,208,000 989,431,000 938,291,000 657,016,000 686,070,000
Gain (Loss) on Sale of Investments 254,961,000 270,366,000 325,937,000 311,113,000 -131,046,000
Other Non-Interest Income 2,132,481,000 2,094,191,000 1,980,052,000 1,593,800,000 1,451,957,000
Total Non-Interest Income 3,529,595,000 3,324,447,000 3,244,280,000 2,561,929,000 2,006,981,000
Non-Interest Income Growth (YoY) 20.06% 16.26% 26.63% 27.65% 6.65%
Revenues Before Loan Losses 11,382,856,000 11,021,896,000 10,152,042,000 7,818,609,000 6,433,640,000
Provision for Loan Losses 1,060,233,000 1,087,985,000 657,097,000 420,716,000 553,162,000
Revenue Bank 10,322,623,000 9,933,911,000 9,494,945,000 7,397,893,000 5,880,478,000
Salaries and Employee Benefits 2,629,447,000 2,637,394,000 2,478,442,000 1,902,933,000 1,563,690,000
Federal Deposit Insurance 114,156,000 113,924,000 90,643,000 93,647,000 153,684,000
Selling, General & Administrative 695,797,000 682,962,000 573,396,000 393,106,000 366,791,000
Other Non-Interest Expense 1,536,563,000 1,462,713,000 1,309,961,000 752,020,000 626,085,000
Total Non-Interest Expense 5,535,130,000 5,452,436,000 4,969,142,000 3,592,254,000 3,103,246,000
EBT Excluding Unusual Items 4,787,493,000 4,481,475,000 4,525,803,000 3,805,639,000 2,777,232,000
Asset Writedown -1,451,000 -1,175,000 -1,598,000 -2,287,000 -16,360,000
Legal Settlements 92,900,000 104,809,000 102,499,000 -97,389,000 40,181,000
Other Unusual Items 8,242,000 682,513,000 815,665,000 - -
Ebt Bank 4,887,184,000 5,267,622,000 5,442,369,000 3,705,963,000 2,801,053,000
Earnings From Continuing Operations 4,090,306,000 4,554,846,000 4,730,524,000 2,984,230,000 2,488,417,000
Occupancy Expenses 559,167,000 555,443,000 516,700,000 450,548,000 392,996,000
Payoutratio 36.80% 32.44% 20.55% 31.08% 33.34%

Ratios and Metrics

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Marketcap 32,557,021,459 25,120,955,177 19,328,911,400 14,062,692,269 16,240,548,584
Market Cap Growth 20.04% 29.97% 37.45% -13.41% 26.88%
Last Close Ratios 2,986.00% 2,102.39% 1,583.13% 1,093.75% 1,199.64%
Pe 8.15 5.52 6.69 5.85 8.19
Pe Forward 8.63 6.66 7.71 6.31 8.64
PS Ratio 3.15 2.65 2.61 2.39 3.50
PB Ratio 1.67 1.44 1.39 1.49 1.54
Ptbv Ratio 1.87 1.62 1.56 1.70 1.68
P/FCF Ratio - - - - -
P/OCF Ratio - - - - -
Debt / Equity Ratio 0.99 0.90 0.91 0.75 0.97
Debt / FCF Ratio - - - - -
Roe 22.33% 30.20% 25.54% 24.84% 19.30%
Return on Assets (ROA) 1.98% 2.51% 1.93% 1.82% 1.69%
Earnings Yield 12.26% 18.13% 14.95% 17.10% 12.21%
FCF Yield -19.85% -79.70% -59.86% -110.89% -34.83%
Dividend Yield 4.88% 6.93% 5.79% 6.71% 6.12%
Payout Ratio 36.80% 20.55% 31.08% 33.34% 25.04%
Buyback Yield / Dilution 0.04% -0.04% 0.01% 0.02% 0.02%
Totalreturn 4.92% 6.89% 5.81% 6.73% 6.14%

Price History

Oct 15, 2018 — Jan 26, 2026 1825 Records
Date Open High Low Close Volume
2026-01-26 32.68 33.58 32.68 33.02 1,219,756
2026-01-25 32.62 32.74 32.46 32.72 456,284
2026-01-24 32.70 32.74 32.54 32.60 754,987
2026-01-22 32.70 32.74 32.54 32.60 754,987
2026-01-21 32.72 33.10 32.50 32.56 490,349
2026-01-20 32.36 32.52 31.90 32.52 795,793
2026-01-19 32.70 32.76 32.38 32.38 555,093
2026-01-18 33.50 33.56 32.70 32.70 625,793
2026-01-15 33.50 34.04 33.36 33.50 796,906
2026-01-14 32.62 33.76 32.60 33.60 956,882
2026-01-13 32.30 32.62 32.26 32.60 419,328
2026-01-12 32.06 32.80 32.04 32.64 600,830
2026-01-11 32.06 32.80 32.04 32.64 922,429
2026-01-09 31.42 32.10 31.42 32.10 998,836
2026-01-08 31.42 32.10 31.42 32.10 998,836
2026-01-07 30.30 31.48 30.30 31.48 1,269,368
2026-01-06 30.20 30.68 30.18 30.58 420,950
2026-01-05 30.20 30.68 30.18 30.58 420,950
2026-01-04 30.20 30.68 30.18 30.58 420,950
2026-01-01 30.20 30.30 30.10 30.20 653,879
2025-12-31 30.20 30.30 30.10 30.20 653,879
2025-12-30 30.20 30.30 30.10 30.20 653,879
2025-12-29 30.20 30.30 30.10 30.20 653,879
2025-12-28 30.34 30.36 30.10 30.22 515,571
2025-12-25 30.34 30.40 30.18 30.34 412,625
2025-12-24 30.34 30.40 30.18 30.34 412,625
2025-12-23 30.34 30.40 30.18 30.34 412,625
2025-12-22 30.34 30.40 30.18 30.34 412,625
2025-12-21 30.20 30.36 30.10 30.32 393,535
2025-12-19 30.12 30.36 30.06 30.14 618,946
2025-12-18 30.12 30.36 30.06 30.14 618,946
2025-12-17 30.10 30.20 30.00 30.14 274,793
2025-12-16 30.40 30.40 30.00 30.00 401,370
2025-12-15 30.34 30.46 30.26 30.40 816,358
2025-12-14 30.30 30.42 30.22 30.40 1,125,625
2025-12-12 30.36 30.36 30.18 30.30 559,483
2025-12-11 30.36 30.36 30.18 30.30 559,483
2025-12-10 30.36 30.36 30.10 30.36 591,108
2025-12-09 30.26 30.36 30.10 30.36 482,448
2025-12-08 30.10 30.26 30.02 30.26 229,291
2025-12-07 29.82 30.28 29.82 30.10 341,066
2025-12-05 30.00 30.00 29.68 29.86 288,293
2025-12-04 30.00 30.00 29.68 29.86 288,293
2025-12-03 29.60 30.00 29.58 29.96 485,758
2025-12-02 29.34 29.76 29.32 29.60 364,115
2025-12-01 29.32 29.38 29.18 29.34 202,781
2025-11-30 29.44 29.50 29.34 29.34 161,276
2025-11-28 29.44 29.50 29.34 29.34 161,276
2025-11-27 29.44 29.50 29.34 29.34 161,276
2025-11-26 29.26 29.50 29.20 29.50 221,519