Spanish Banks Undervalued over 20% based on DCF

Banco Santander

Market Cap: €172.3b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

Banco Bilbao Vizcaya Argentaria

Market Cap: €122.9b

Provides various financial services in Spain, Mexico, Turkey, South America, Europe, the United States, and Asia.

CaixaBank

Market Cap: €87.5b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

Bankinter

Market Cap: €13.6b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.