View ValuationBankinter 향후 성장Future 기준 점검 2/6Bankinter (는) 각각 연간 7.5% 및 8.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 7.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 17.5% 로 예상됩니다.핵심 정보7.5%이익 성장률7.46%EPS 성장률Banks 이익 성장10.1%매출 성장률8.7%향후 자기자본이익률17.51%애널리스트 커버리지Good마지막 업데이트28 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Apr 07Bankinter, S.A. to Report Q1, 2026 Results on Apr 23, 2026Bankinter, S.A. announced that they will report Q1, 2026 results on Apr 23, 2026공시 • Feb 23Bankinter, S.A., Annual General Meeting, Mar 26, 2026Bankinter, S.A., Annual General Meeting, Mar 26, 2026.공시 • Sep 30Bankinter, S.A. to Report Q3, 2025 Results on Oct 23, 2025Bankinter, S.A. announced that they will report Q3, 2025 results on Oct 23, 2025공시 • Feb 24Bankinter, S.A., Annual General Meeting, Mar 27, 2025Bankinter, S.A., Annual General Meeting, Mar 27, 2025. Location: edificio mutua madrilena, paseo de la castellana 33, madrid Spain공시 • Jan 11Bankinter, S.A. to Report Fiscal Year 2024 Results on Jan 23, 2025Bankinter, S.A. announced that they will report fiscal year 2024 results on Jan 23, 2025공시 • Sep 30Bankinter, S.A. to Report Q3, 2024 Results on Oct 24, 2024Bankinter, S.A. announced that they will report Q3, 2024 results on Oct 24, 2024공시 • Jul 02Bankinter, S.A. to Report First Half, 2024 Results on Jul 18, 2024Bankinter, S.A. announced that they will report first half, 2024 results on Jul 18, 2024Board Change • May 10Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Teresa Rodriguez was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: €0.21 (vs €0.20 in 1Q 2023)First quarter 2024 results: EPS: €0.21 (up from €0.20 in 1Q 2023). Revenue: €576.0m (up 7.2% from 1Q 2023). Net income: €193.1m (up 7.9% from 1Q 2023). Profit margin: 34% (in line with 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 19Upcoming dividend of €0.087 per shareEligible shareholders must have bought the stock before 26 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of British dividend payers (6.2%). In line with average of industry peers (6.8%).Declared Dividend • Mar 06Fourth quarter dividend of €0.087 announcedShareholders will receive a dividend of €0.087. Ex-date: 26th March 2024 Payment date: 28th March 2024 Dividend yield will be 6.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.9% over the next 3 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range.Board Change • Mar 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Feb 24Fourth quarter dividend of €0.087 announcedShareholders will receive a dividend of €0.087. Ex-date: 26th March 2024 Payment date: 28th March 2024 Dividend yield will be 6.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (51% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 04Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €644.4m (up 33% from 3Q 2022). Net income: €266.8m (up 68% from 3Q 2022). Profit margin: 41% (up from 33% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to remain flat.Board Change • Oct 04Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 22Second quarter 2023 earnings released: EPS: €0.27 (vs €0.13 in 2Q 2022)Second quarter 2023 results: EPS: €0.27 (up from €0.13 in 2Q 2022). Revenue: €689.5m (up 71% from 2Q 2022). Net income: €233.2m (up 100% from 2Q 2022). Profit margin: 34% (up from 29% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: €0.21 (vs €0.17 in 1Q 2022)First quarter 2023 results: EPS: €0.21 (up from €0.17 in 1Q 2022). Revenue: €514.0m (up 16% from 1Q 2022). Net income: €185.0m (up 20% from 1Q 2022). Profit margin: 36% (up from 35% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Board Change • Apr 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 21Upcoming dividend of €0.072 per share at 5.7% yieldEligible shareholders must have bought the stock before 28 March 2023. Payment date: 30 March 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.9%).Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €5.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.48 per share.Buying Opportunity • Mar 01Now 20% undervaluedOver the last 90 days, the stock is up 4.6%. The fair value is estimated to be €8.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 8.6% per annum over the same time period.Buying Opportunity • Feb 11Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be €8.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 9.2% per annum over the same time period.Buying Opportunity • Jan 09Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be €8.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 8.9%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period.Reported Earnings • Jul 23Second quarter 2022 earnings released: EPS: €0.13 (vs €0.085 in 2Q 2021)Second quarter 2022 results: EPS: €0.13 (up from €0.085 in 2Q 2021). Revenue: €406.0m (up 8.7% from 2Q 2021). Net income: €116.7m (up 52% from 2Q 2021). Profit margin: 29% (up from 21% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 6.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 27First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: €448.7m (up 10% from 1Q 2021). Net income: €154.3m (up 33% from 1Q 2021). Profit margin: 34% (up from 29% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 1.2% growth forecast for the industry in the United Kingdom.Buying Opportunity • Apr 09Now 21% undervaluedOver the last 90 days, the stock is up 7.3%. The fair value is estimated to be €6.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 19% share price gain to €5.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in the United Kingdom. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.52 per share.Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.44 (up from €0.19 in FY 2020). Revenue: €1.58b (up 25% from FY 2020). Net income: €397.4m (up 128% from FY 2020). Profit margin: 25% (up from 14% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 20%, compared to a 2.7% growth forecast for the banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year.Buying Opportunity • Feb 25Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be €6.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14% per annum over the last 3 years.Reported Earnings • Jan 23Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €1.57b (up 24% from FY 2020). Net income: €397.4m (up 156% from FY 2020). Profit margin: 25% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 19%, compared to a 3.3% growth forecast for the banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS €0.12The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: €443.9m (up 27% from 3Q 2020). Net income: €110.4m (flat on 3Q 2020). Profit margin: 25% (down from 32% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Apr 30Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €4.57, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Banks industry in the United Kingdom. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.13 per share.Reported Earnings • Apr 24First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €362.1m (up 9.6% from 1Q 2020). Net income: €116.4m (up 15% from 1Q 2020). Profit margin: 32% (up from 31% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 04Full year 2020 earnings released: EPS €0.18 (vs €0.60 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.48b (down 22% from FY 2019). Net income: €174.1m (down 68% from FY 2019). Profit margin: 12% (down from 28% in FY 2019). Cost-to-income ratio: 48.5% (down from 52.4% in FY 2019). Non-performing loans: 2.55% (down from 2.73% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year.Is New 90 Day High Low • Feb 10New 90-day high: €4.98The company is up 24% from its price of €4.01 on 11 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.21 per share.Is New 90 Day High Low • Jan 06New 90-day high: €4.77The company is up 25% from its price of €3.81 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Banks industry, which is also up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.64 per share.Is New 90 Day High Low • Dec 17New 90-day high: €4.58The company is up 7.0% from its price of €4.28 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.04 per share.이익 및 매출 성장 예측BATS-CHIXE:BKTE - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20283,6261,369N/AN/A1712/31/20273,4461,283N/AN/A1812/31/20263,2341,176N/AN/A173/31/20262,7651,111N/AN/AN/A12/31/20252,7251,090-743-599N/A9/30/20252,6551,033N/AN/AN/A6/30/20252,6341,0211,4341,578N/A3/31/20252,6171,022N/AN/AN/A12/31/20242,5339531,8011,941N/A9/30/20242,437891N/AN/AN/A6/30/20242,427900-595-499N/A3/31/20242,354867N/AN/AN/A12/31/20232,315845568658N/A9/30/20232,257799N/AN/AN/A6/30/20232,097692-8,263-8,186N/A3/31/20231,913570N/AN/AN/A12/31/20221,821545-8,105-8,035N/A9/30/20221,689493N/AN/AN/A6/30/20221,6484452,5802,645N/A3/31/20221,623416N/AN/AN/A12/31/20211,5813786,9847,051N/A9/30/20211,594374N/AN/AN/A6/30/20211,4903317,6147,687N/A3/31/20211,286189N/AN/AN/A12/31/20201,2671748,4528,538N/A9/30/20201,161161N/AN/AN/A6/30/20201,3162295,9756,108N/A3/31/20201,547416N/AN/AN/A12/31/20191,496437N/A156N/A9/30/20191,682501N/AN/AN/A6/30/20191,658508N/A-2,846N/A3/31/20191,728493N/AN/AN/A12/31/20181,867514N/A176N/A9/30/20181,855511N/AN/AN/A6/30/20181,807504N/A853N/A3/31/20181,735502N/AN/AN/A12/31/20171,676484N/A2,229N/A9/30/20171,637458N/AN/AN/A6/30/20171,605437N/A4,008N/A3/31/20171,547502N/AN/AN/A12/31/20161,490482N/A1,779N/A9/30/20161,388476N/AN/AN/A6/30/20161,336465N/A335N/A3/31/20161,327386N/AN/AN/A12/31/20151,309376N/A270N/A9/30/20151,270346N/AN/AN/A6/30/20151,230323N/A1,031N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: BKTE 의 연간 예상 수익 증가율(7.5%)이 saving rate(3.4%)보다 높습니다.수익 vs 시장: BKTE 의 연간 수익(7.5%)이 UK 시장(11.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: BKTE 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: BKTE 의 수익(연간 8.7%)이 UK 시장(연간 4.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: BKTE 의 수익(연간 8.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: BKTE의 자본 수익률은 3년 후 17.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/30 22:00종가2026/05/25 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Bankinter, S.A.는 38명의 분석가가 다루고 있습니다. 이 중 19명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Javier Esteban LarioBanco de Sabadell. S.A.Jesús Gómez DominguezBanco SantanderCecilia Romero ReyesBarclays35명의 분석가 더 보기
공시 • Apr 07Bankinter, S.A. to Report Q1, 2026 Results on Apr 23, 2026Bankinter, S.A. announced that they will report Q1, 2026 results on Apr 23, 2026
공시 • Feb 23Bankinter, S.A., Annual General Meeting, Mar 26, 2026Bankinter, S.A., Annual General Meeting, Mar 26, 2026.
공시 • Sep 30Bankinter, S.A. to Report Q3, 2025 Results on Oct 23, 2025Bankinter, S.A. announced that they will report Q3, 2025 results on Oct 23, 2025
공시 • Feb 24Bankinter, S.A., Annual General Meeting, Mar 27, 2025Bankinter, S.A., Annual General Meeting, Mar 27, 2025. Location: edificio mutua madrilena, paseo de la castellana 33, madrid Spain
공시 • Jan 11Bankinter, S.A. to Report Fiscal Year 2024 Results on Jan 23, 2025Bankinter, S.A. announced that they will report fiscal year 2024 results on Jan 23, 2025
공시 • Sep 30Bankinter, S.A. to Report Q3, 2024 Results on Oct 24, 2024Bankinter, S.A. announced that they will report Q3, 2024 results on Oct 24, 2024
공시 • Jul 02Bankinter, S.A. to Report First Half, 2024 Results on Jul 18, 2024Bankinter, S.A. announced that they will report first half, 2024 results on Jul 18, 2024
Board Change • May 10Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Teresa Rodriguez was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: €0.21 (vs €0.20 in 1Q 2023)First quarter 2024 results: EPS: €0.21 (up from €0.20 in 1Q 2023). Revenue: €576.0m (up 7.2% from 1Q 2023). Net income: €193.1m (up 7.9% from 1Q 2023). Profit margin: 34% (in line with 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 19Upcoming dividend of €0.087 per shareEligible shareholders must have bought the stock before 26 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of British dividend payers (6.2%). In line with average of industry peers (6.8%).
Declared Dividend • Mar 06Fourth quarter dividend of €0.087 announcedShareholders will receive a dividend of €0.087. Ex-date: 26th March 2024 Payment date: 28th March 2024 Dividend yield will be 6.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.9% over the next 3 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range.
Board Change • Mar 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Feb 24Fourth quarter dividend of €0.087 announcedShareholders will receive a dividend of €0.087. Ex-date: 26th March 2024 Payment date: 28th March 2024 Dividend yield will be 6.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (51% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 04Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €644.4m (up 33% from 3Q 2022). Net income: €266.8m (up 68% from 3Q 2022). Profit margin: 41% (up from 33% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to remain flat.
Board Change • Oct 04Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 22Second quarter 2023 earnings released: EPS: €0.27 (vs €0.13 in 2Q 2022)Second quarter 2023 results: EPS: €0.27 (up from €0.13 in 2Q 2022). Revenue: €689.5m (up 71% from 2Q 2022). Net income: €233.2m (up 100% from 2Q 2022). Profit margin: 34% (up from 29% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: €0.21 (vs €0.17 in 1Q 2022)First quarter 2023 results: EPS: €0.21 (up from €0.17 in 1Q 2022). Revenue: €514.0m (up 16% from 1Q 2022). Net income: €185.0m (up 20% from 1Q 2022). Profit margin: 36% (up from 35% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent External Director Cristina Alvarez was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 21Upcoming dividend of €0.072 per share at 5.7% yieldEligible shareholders must have bought the stock before 28 March 2023. Payment date: 30 March 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.9%).
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €5.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.48 per share.
Buying Opportunity • Mar 01Now 20% undervaluedOver the last 90 days, the stock is up 4.6%. The fair value is estimated to be €8.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 8.6% per annum over the same time period.
Buying Opportunity • Feb 11Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be €8.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 9.2% per annum over the same time period.
Buying Opportunity • Jan 09Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be €8.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 8.9%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period.
Reported Earnings • Jul 23Second quarter 2022 earnings released: EPS: €0.13 (vs €0.085 in 2Q 2021)Second quarter 2022 results: EPS: €0.13 (up from €0.085 in 2Q 2021). Revenue: €406.0m (up 8.7% from 2Q 2021). Net income: €116.7m (up 52% from 2Q 2021). Profit margin: 29% (up from 21% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 6.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 27First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: €448.7m (up 10% from 1Q 2021). Net income: €154.3m (up 33% from 1Q 2021). Profit margin: 34% (up from 29% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 1.2% growth forecast for the industry in the United Kingdom.
Buying Opportunity • Apr 09Now 21% undervaluedOver the last 90 days, the stock is up 7.3%. The fair value is estimated to be €6.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 19% share price gain to €5.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in the United Kingdom. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.52 per share.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.44 (up from €0.19 in FY 2020). Revenue: €1.58b (up 25% from FY 2020). Net income: €397.4m (up 128% from FY 2020). Profit margin: 25% (up from 14% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 20%, compared to a 2.7% growth forecast for the banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year.
Buying Opportunity • Feb 25Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be €6.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14% per annum over the last 3 years.
Reported Earnings • Jan 23Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €1.57b (up 24% from FY 2020). Net income: €397.4m (up 156% from FY 2020). Profit margin: 25% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 19%, compared to a 3.3% growth forecast for the banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS €0.12The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: €443.9m (up 27% from 3Q 2020). Net income: €110.4m (flat on 3Q 2020). Profit margin: 25% (down from 32% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €4.57, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Banks industry in the United Kingdom. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.13 per share.
Reported Earnings • Apr 24First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €362.1m (up 9.6% from 1Q 2020). Net income: €116.4m (up 15% from 1Q 2020). Profit margin: 32% (up from 31% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 04Full year 2020 earnings released: EPS €0.18 (vs €0.60 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.48b (down 22% from FY 2019). Net income: €174.1m (down 68% from FY 2019). Profit margin: 12% (down from 28% in FY 2019). Cost-to-income ratio: 48.5% (down from 52.4% in FY 2019). Non-performing loans: 2.55% (down from 2.73% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year.
Is New 90 Day High Low • Feb 10New 90-day high: €4.98The company is up 24% from its price of €4.01 on 11 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.21 per share.
Is New 90 Day High Low • Jan 06New 90-day high: €4.77The company is up 25% from its price of €3.81 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Banks industry, which is also up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.64 per share.
Is New 90 Day High Low • Dec 17New 90-day high: €4.58The company is up 7.0% from its price of €4.28 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.04 per share.