View Financial HealthCaixaBank 배당 및 자사주 매입배당 기준 점검 4/6CaixaBank 수익으로 충분히 충당되는 현재 수익률 4.37% 보유한 배당금 지급 회사입니다.핵심 정보4.4%배당 수익률1.1%자사주 매입 수익률총 주주 수익률5.4%미래 배당 수익률6.1%배당 성장률13.4%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향63%최근 배당 및 자사주 매입 업데이트Upcoming 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%).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%).모든 업데이트 보기Recent 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%).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 1CABK 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 1CABK 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장CaixaBank 배당 수익률 vs 시장1CABK의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (1CABK)4.4%시장 하위 25% (IT)1.6%시장 상위 25% (IT)4.5%업계 평균 (Banks)6.0%분석가 예측 (1CABK) (최대 3년)6.1%주목할만한 배당금: 1CABK 의 배당금( 4.37% )은 Italian 시장에서 배당금 지급자의 하위 25%( 1.65% )보다 높습니다.고배당: 1CABK 의 배당금( 4.37% )은 Italian 시장에서 배당금 지급자의 상위 25%( 4.53% )와 비교해 낮습니다.현재 주주 배당수익 보장: 합리적인 지급 비율 ( 62.9% )을 통해 1CABK 의 배당금 지급은 수익으로 충당됩니다.향후 주주 배당미래 배당 보장: 1CABK 의 3년 배당금은 수익( 60.8% 지급 비율)으로 충당될 것으로 예상됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YIT 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 19:54종가2026/05/22 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 소스CaixaBank, S.A.는 37명의 분석가가 다루고 있습니다. 이 중 17명의 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 ReyesBarclays34명의 분석가 더 보기
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%).
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%).
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%).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.