View DividendCaixaBank マネジメントマネジメント 基準チェック /44CaixaBankの CEO はGonzalo Gortazar Rotaecheで、 Jun2014年に任命され、 の在任期間は 11.92年です。 の年間総報酬は€ 2.85Mで、 73.9%給与と26.1%のボーナス（会社の株式とオプションを含む）で構成されています。 は、会社の株式の0.006%を直接所有しており、その価値は€ 4.63M 。経営陣と取締役会の平均在任期間はそれぞれ7.5年と6.3年です。主要情報Gonzalo Gortazar Rotaeche最高経営責任者€2.8m報酬総額CEO給与比率73.88%CEO在任期間11.9yrsCEOの所有権0.006%経営陣の平均在職期間7.5yrs取締役会の平均在任期間6.3yrs経営陣の近況お知らせ • Feb 20CaixaBank, S.A., Annual General Meeting, Mar 26, 2026CaixaBank, S.A., Annual General Meeting, Mar 26, 2026. Location: palacio de congresos de valencia, avenida de las cortes valencianas 60., valencia Spainすべての更新を表示Recent updatesReported Earnings • May 05First quarter 2026 earnings released: EPS: €0.23 (vs €0.21 in 1Q 2025)First quarter 2026 results: EPS: €0.23 (up from €0.21 in 1Q 2025). Revenue: €3.93b (up 2.7% from 1Q 2025). Net income: €1.57b (up 6.9% from 1Q 2025). Profit margin: 40% (up from 38% in 1Q 2025). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Italy. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Mar 31Upcoming dividend of €0.27 per shareEligible shareholders must have bought the stock before 07 April 2026. Payment date: 09 April 2026. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of Italian dividend payers (4.8%). Lower than average of industry peers (6.8%).お知らせ • Feb 20CaixaBank, S.A., Annual General Meeting, Mar 26, 2026CaixaBank, S.A., Annual General Meeting, Mar 26, 2026. Location: palacio de congresos de valencia, avenida de las cortes valencianas 60., valencia SpainBuy Or Sell Opportunity • Feb 12Now 21% undervaluedOver the last 90 days, the stock has risen 13% to €10.51. The fair value is estimated to be €13.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period.Reported Earnings • Feb 01Full year 2025 earnings released: EPS: €0.83 (vs €0.76 in FY 2024)Full year 2025 results: EPS: €0.83 (up from €0.76 in FY 2024). Revenue: €15.3b (up 3.3% from FY 2024). Net income: €5.89b (up 6.7% from FY 2024). Profit margin: 39% (up from 37% in FY 2024). The increase in margin was driven by higher revenue. Cost-to-income ratio: 39.4% (up from 38.5% in FY 2024). Non-performing loans: 2.04% (down from 2.68% in FY 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Italy. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Dec 24CaixaBank, S.A. to Report Q4, 2025 Results on Jan 30, 2026CaixaBank, S.A. announced that they will report Q4, 2025 results on Jan 30, 2026Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €3.80b (down 12% from 3Q 2024). Net income: €1.45b (down 8.1% from 3Q 2024). Profit margin: 38% (up from 36% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Banks industry in Italy.お知らせ • Sep 16CaixaBank, S.A. to Report Q3, 2025 Results on Oct 31, 2025CaixaBank, S.A. announced that they will report Q3, 2025 results at 9:00 AM, Central European Standard Time on Oct 31, 2025Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: €0.21 (vs €0.23 in 2Q 2024)Second quarter 2025 results: EPS: €0.21 (down from €0.23 in 2Q 2024). Revenue: €3.83b (up 31% from 2Q 2024). Net income: €1.48b (down 11% from 2Q 2024). Profit margin: 39% (down from 57% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Banks industry in Italy. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Jun 10Portuguese Bank Novo Banco Reportedly Attracts Multiple BidsNovo Banco, S.A., the Portuguese bank lead by former AIB chief financial officer Mark Bourke, has attracted two bids from French banking group BPCE S.A. and CaixaBank, S.A. (BME:CABK) of Spain, according to people familiar with the matter. Lone Star, the US private equity giant which owns Novo Banco, could sell the lender outright but is also evaluating whether to offload shares through an initial public offering, said the people, who asked not to be identified as the discussions are private. A preliminary decision on a winning bidder or the IPO route could be made as early as this week, the people said. Representatives for BPCE, CaixaBank and Lone Star declined to comment. US private equity firm Lone Star owns a 75% stake in Novo Banco, while Portugal's government holds 25% through entities including the country's Resolution Fund. An acquisition of Novo Banco by BPCE, whose units include Banque Populaire and Natixis, or CaixaBank would be an important mark for cross-border banking deals in Europe. Governments in the region have recently hampered potential deals Spain has been opposing the planned takeover of Banco Sabadell by BBVA, Italy is seeking to obstruct the purchase of Banco BPM by UniCredit, and Germany has said it s against a potential acquisition of Commerzbank by UniCredit. Portuguese finance minister Joaquim Miranda Sarmento said in May that Spanish banks shouldn't further increase their presence in the country. Spanish lenders now already represent about a third of Portugal's banking market, he said in a television interview. I think that value shouldn't increase, due to a matter of concentration and of dependency, he said. The Portuguese bank has repeatedly said it s preparing for an IPO. If Lone Star picks that option, Novo Banco may be Portugal s first major flotation in four years and the biggest since the listing of EDP Renovaveis in 2008. Finance minister Sarmento said in January that Lone Star planned to sell a stake of about 25% to 30% of Novo Banco in a flotation. Novo Banco's flotation could raise EUR 1 billion or more depending on investor demand. The lender picked Bank of America, Deutsche Bank and JPMorgan Chase as global coordinators for the first-time share sale. Lone Star also lined up Deutsche Bank to guide discussions with potential buyers of Novo Banco.Buy Or Sell Opportunity • Jun 04Now 21% undervaluedOver the last 90 days, the stock has risen 4.2% to €7.39. The fair value is estimated to be €9.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 7.1% in the next 2 years.Reported Earnings • May 02First quarter 2025 earnings released: EPS: €0.21 (vs €0.14 in 1Q 2024)First quarter 2025 results: EPS: €0.21 (up from €0.14 in 1Q 2024). Revenue: €3.83b (up 2.4% from 1Q 2024). Net income: €1.47b (up 46% from 1Q 2024). Profit margin: 38% (up from 27% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Banks industry in Italy. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.New Risk • Apr 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • Apr 15Upcoming dividend of €0.23 per shareEligible shareholders must have bought the stock before 22 April 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of Italian dividend payers (6.1%). In line with average of industry peers (8.0%).Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €5.98, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Italy. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.91 per share.Buy Or Sell Opportunity • Mar 31Now 20% undervaluedOver the last 90 days, the stock has risen 38% to €7.20. The fair value is estimated to be €9.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are forecast to decline by 0.06% per annum over the same time period.お知らせ • Oct 17Interparking SA agreed to acquire 81.5% stake in Saba Aparcamientos S.A.Interparking SA agreed to acquire 81.5% stake in Saba Aparcamientos S.A on October 16, 2024. The agreement reached provides that Criteria Caixa has the right to propose the appointment of two members of the board of directors of Interparking. Criteria, with 18% of the capital, will no longer be the group's main shareholder, but the two main investors will remain the current ones: AG Insurance (through its subsidiary AG Real Estate) and APG. The process has been delayed on several occasions for various reasons. It started in June 2022 when Criteria, which holds 99.5% of the shares, began talks to find a buyer. Post completion of the acquisition, the newly formed Interparking Group will be headquartered in Brussels and operate across 16 countries, AG will maintain majority control of it. Saba closed the 2023 financial year with a turnover of €308 million, 13% more than the previous year, and an EBITDA of €144 million. The closing of this transaction is subject to the usual conditions, including the approval of the European competition authorities among other customary conditions. BNP Paribas España S.A., Jefferies LLC act as financial advisor Linklaters LLP (France) and Freshfields Bruckhaus Deringer LLP act as legal advisor for Interparking SA . Uría Menéndez Abogados, S.L.P. act as legal advisor and Bank of America (Espana) SA act as financial advisor for CaixaBank, S.A.CEO報酬分析CaixaBank の収益と比較して、Gonzalo Gortazar Rotaeche の報酬はどのように変化したか？日付総報酬給与会社業績Mar 31 2026n/an/a€6bDec 31 2025€3m€2m€6bSep 30 2025n/an/a€6bJun 30 2025n/an/a€6bMar 31 2025n/an/a€6bDec 31 2024€3m€2m€6bSep 30 2024n/an/a€5bJun 30 2024n/an/a€5bMar 31 2024n/an/a€5bDec 31 2023€3m€2m€5bSep 30 2023n/an/a€4bJun 30 2023n/an/a€3bMar 31 2023n/an/a€3bDec 31 2022€3m€2m€3bSep 30 2022n/an/a€3bJun 30 2022n/an/a€2bMar 31 2022n/an/a€901mDec 31 2021€2m€2m€5bSep 30 2021n/an/a€5bJun 30 2021n/an/a€5bMar 31 2021n/an/a€6bDec 31 2020€3m€2m€1bSep 30 2020n/an/a€1bJun 30 2020n/an/a€1bMar 31 2020n/an/a€1bDec 31 2019€4m€2m€2b報酬と市場: Gonzaloの 総報酬 ($USD 3.31M ) は、 Italian市場 ($USD 3.92M ) の同様の規模の企業の平均とほぼ同じです。報酬と収益: Gonzaloの報酬は、過去 1 年間の会社の業績と一致しています。CEOGonzalo Gortazar Rotaeche (60 yo)11.9yrs在職期間€2,848,000報酬リーダーシップ・チーム名称ポジション在職期間報酬所有権Tomas Muniesa AranteguiPresident & Chairman8.3yrs€1.64m0.0044% € 3.5mGonzalo Gortazar RotaecheCEO & Executive Director11.9yrs€2.85m0.0058% € 4.6mJavier Pano RieraChief Financial Officer11.8yrsデータなしデータなしLuis Blas AguerosCOO & Media Director5.3yrsデータなしデータなしMarta NoguerHead of Investor and Shareholder Relations3yrsデータなしデータなしOscar de OyaBoard Secretary & General Counsel12yrsデータなしデータなしNatividad Capella PifarreHead of Risk Management & Complianceless than a yearデータなしデータなしMaria Martinez GistauHead of Communication & Institutional Relationsno dataデータなしデータなしDavid PuigChief People Officer4.3yrsデータなしデータなしJordi LopezHead of Retail9.5yrsデータなしデータなしIgnacio Moliner RobredoManaging Director of M&Ano dataデータなしデータなしFrancisco Valle T-FiguerasHead of Insurance7.5yrsデータなしデータなしもっと見る7.5yrs平均在職期間59yo平均年齢経験豊富な経営陣: 1CABKの経営陣は経験豊富で経験豊富です（平均在職期間は7.5年）。取締役名称ポジション在職期間報酬所有権Tomas Muniesa AranteguiPresident & Chairman8.3yrs€1.64m0.0044% € 3.5mGonzalo Gortazar RotaecheCEO & Executive Director11.9yrs€2.85m0.0058% € 4.6mFernando da Costa Duarte UlrichIndependent External Director5.4yrs€212.00kデータなしPablo Forero CalderonIndependent External Director1.1yrs€119.00kデータなしCristina Garmendia MendizabalIndependent External Director7.1yrs€298.00kデータなしMaria Fisas VergesIndependent External Director10.3yrs€170.00kデータなしKoro Usarraga UnsainIndependent External Director9.9yrs€296.00k0.00010% € 79.7kRosa García PiñeiroIndependent Director1.1yrs€153.00kデータなしEduardo Sanchiz IrazuLead Independent Director8.7yrs€345.00k0.00012% € 95.6kMaria Santero QuintillaProprietary Director5.4yrs€170.00kデータなしPeter LoscherIndependent Deputy Chairman3.2yrs€188.00kデータなしLuis SatorreIndependent Director1.1yrs€119.00kデータなしもっと見る6.3yrs平均在職期間67yo平均年齢経験豊富なボード: 1CABKの 取締役会 は 経験豊富 であると考えられます ( 6.3年の平均在任期間)。View Ownership企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 01:45終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CaixaBank, S.A. 17 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。37 アナリスト機関Javier Esteban LarioBanco de Sabadell. S.A.Jesús Gómez DominguezBanco SantanderCecilia Romero ReyesBarclays34 その他のアナリストを表示
お知らせ • Feb 20CaixaBank, S.A., Annual General Meeting, Mar 26, 2026CaixaBank, S.A., Annual General Meeting, Mar 26, 2026. Location: palacio de congresos de valencia, avenida de las cortes valencianas 60., valencia Spain
Reported Earnings • May 05First quarter 2026 earnings released: EPS: €0.23 (vs €0.21 in 1Q 2025)First quarter 2026 results: EPS: €0.23 (up from €0.21 in 1Q 2025). Revenue: €3.93b (up 2.7% from 1Q 2025). Net income: €1.57b (up 6.9% from 1Q 2025). Profit margin: 40% (up from 38% in 1Q 2025). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Italy. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Mar 31Upcoming dividend of €0.27 per shareEligible shareholders must have bought the stock before 07 April 2026. Payment date: 09 April 2026. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of Italian dividend payers (4.8%). Lower than average of industry peers (6.8%).
お知らせ • Feb 20CaixaBank, S.A., Annual General Meeting, Mar 26, 2026CaixaBank, S.A., Annual General Meeting, Mar 26, 2026. Location: palacio de congresos de valencia, avenida de las cortes valencianas 60., valencia Spain
Buy Or Sell Opportunity • Feb 12Now 21% undervaluedOver the last 90 days, the stock has risen 13% to €10.51. The fair value is estimated to be €13.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period.
Reported Earnings • Feb 01Full year 2025 earnings released: EPS: €0.83 (vs €0.76 in FY 2024)Full year 2025 results: EPS: €0.83 (up from €0.76 in FY 2024). Revenue: €15.3b (up 3.3% from FY 2024). Net income: €5.89b (up 6.7% from FY 2024). Profit margin: 39% (up from 37% in FY 2024). The increase in margin was driven by higher revenue. Cost-to-income ratio: 39.4% (up from 38.5% in FY 2024). Non-performing loans: 2.04% (down from 2.68% in FY 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Italy. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Dec 24CaixaBank, S.A. to Report Q4, 2025 Results on Jan 30, 2026CaixaBank, S.A. announced that they will report Q4, 2025 results on Jan 30, 2026
Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €3.80b (down 12% from 3Q 2024). Net income: €1.45b (down 8.1% from 3Q 2024). Profit margin: 38% (up from 36% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Banks industry in Italy.
お知らせ • Sep 16CaixaBank, S.A. to Report Q3, 2025 Results on Oct 31, 2025CaixaBank, S.A. announced that they will report Q3, 2025 results at 9:00 AM, Central European Standard Time on Oct 31, 2025
Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: €0.21 (vs €0.23 in 2Q 2024)Second quarter 2025 results: EPS: €0.21 (down from €0.23 in 2Q 2024). Revenue: €3.83b (up 31% from 2Q 2024). Net income: €1.48b (down 11% from 2Q 2024). Profit margin: 39% (down from 57% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Banks industry in Italy. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Jun 10Portuguese Bank Novo Banco Reportedly Attracts Multiple BidsNovo Banco, S.A., the Portuguese bank lead by former AIB chief financial officer Mark Bourke, has attracted two bids from French banking group BPCE S.A. and CaixaBank, S.A. (BME:CABK) of Spain, according to people familiar with the matter. Lone Star, the US private equity giant which owns Novo Banco, could sell the lender outright but is also evaluating whether to offload shares through an initial public offering, said the people, who asked not to be identified as the discussions are private. A preliminary decision on a winning bidder or the IPO route could be made as early as this week, the people said. Representatives for BPCE, CaixaBank and Lone Star declined to comment. US private equity firm Lone Star owns a 75% stake in Novo Banco, while Portugal's government holds 25% through entities including the country's Resolution Fund. An acquisition of Novo Banco by BPCE, whose units include Banque Populaire and Natixis, or CaixaBank would be an important mark for cross-border banking deals in Europe. Governments in the region have recently hampered potential deals Spain has been opposing the planned takeover of Banco Sabadell by BBVA, Italy is seeking to obstruct the purchase of Banco BPM by UniCredit, and Germany has said it s against a potential acquisition of Commerzbank by UniCredit. Portuguese finance minister Joaquim Miranda Sarmento said in May that Spanish banks shouldn't further increase their presence in the country. Spanish lenders now already represent about a third of Portugal's banking market, he said in a television interview. I think that value shouldn't increase, due to a matter of concentration and of dependency, he said. The Portuguese bank has repeatedly said it s preparing for an IPO. If Lone Star picks that option, Novo Banco may be Portugal s first major flotation in four years and the biggest since the listing of EDP Renovaveis in 2008. Finance minister Sarmento said in January that Lone Star planned to sell a stake of about 25% to 30% of Novo Banco in a flotation. Novo Banco's flotation could raise EUR 1 billion or more depending on investor demand. The lender picked Bank of America, Deutsche Bank and JPMorgan Chase as global coordinators for the first-time share sale. Lone Star also lined up Deutsche Bank to guide discussions with potential buyers of Novo Banco.
Buy Or Sell Opportunity • Jun 04Now 21% undervaluedOver the last 90 days, the stock has risen 4.2% to €7.39. The fair value is estimated to be €9.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 7.1% in the next 2 years.
Reported Earnings • May 02First quarter 2025 earnings released: EPS: €0.21 (vs €0.14 in 1Q 2024)First quarter 2025 results: EPS: €0.21 (up from €0.14 in 1Q 2024). Revenue: €3.83b (up 2.4% from 1Q 2024). Net income: €1.47b (up 46% from 1Q 2024). Profit margin: 38% (up from 27% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Banks industry in Italy. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • Apr 15Upcoming dividend of €0.23 per shareEligible shareholders must have bought the stock before 22 April 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of Italian dividend payers (6.1%). In line with average of industry peers (8.0%).
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €5.98, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Italy. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.91 per share.
Buy Or Sell Opportunity • Mar 31Now 20% undervaluedOver the last 90 days, the stock has risen 38% to €7.20. The fair value is estimated to be €9.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are forecast to decline by 0.06% per annum over the same time period.
お知らせ • Oct 17Interparking SA agreed to acquire 81.5% stake in Saba Aparcamientos S.A.Interparking SA agreed to acquire 81.5% stake in Saba Aparcamientos S.A on October 16, 2024. The agreement reached provides that Criteria Caixa has the right to propose the appointment of two members of the board of directors of Interparking. Criteria, with 18% of the capital, will no longer be the group's main shareholder, but the two main investors will remain the current ones: AG Insurance (through its subsidiary AG Real Estate) and APG. The process has been delayed on several occasions for various reasons. It started in June 2022 when Criteria, which holds 99.5% of the shares, began talks to find a buyer. Post completion of the acquisition, the newly formed Interparking Group will be headquartered in Brussels and operate across 16 countries, AG will maintain majority control of it. Saba closed the 2023 financial year with a turnover of €308 million, 13% more than the previous year, and an EBITDA of €144 million. The closing of this transaction is subject to the usual conditions, including the approval of the European competition authorities among other customary conditions. BNP Paribas España S.A., Jefferies LLC act as financial advisor Linklaters LLP (France) and Freshfields Bruckhaus Deringer LLP act as legal advisor for Interparking SA . Uría Menéndez Abogados, S.L.P. act as legal advisor and Bank of America (Espana) SA act as financial advisor for CaixaBank, S.A.