Should You Be Adding Banco Santander (BME:SAN) To Your Watchlist Today?
Jun 23
Spanish (IBEX) Banks Industry Analysis
UpdatedJun 30, 2024
DataAggregated Company Financials
Companies6
- 7D0.6%
- 3M-3.5%
- 1Y32.2%
- YTD17.9%
Over the last 7 days, the Banks industry has remained flat. As for the the longer term, the industry is up 32% over the past 12 months. Looking forward, earnings are forecast to grow by 1.0% annually.
Industry Valuation and Performance
Has the Spanish Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Jun 2024 | €175.8b | €97.2b | €26.1b | 7.6x | 6.7x | 1.8x |
| Tue, 28 May 2024 | €190.1b | €97.2b | €26.1b | 7.9x | 7.3x | 2x |
| Thu, 25 Apr 2024 | €188.0b | €93.6b | €25.1b | 7.8x | 7.5x | 2x |
| Sat, 23 Mar 2024 | €181.5b | €93.5b | €25.1b | 7.5x | 7.2x | 1.9x |
| Mon, 19 Feb 2024 | €152.1b | €93.7b | €25.5b | 6.2x | 6x | 1.6x |
| Wed, 17 Jan 2024 | €149.6b | €90.9b | €23.7b | 6.5x | 6.3x | 1.6x |
| Fri, 15 Dec 2023 | €153.0b | €90.9b | €23.7b | 6.5x | 6.5x | 1.7x |
| Sun, 12 Nov 2023 | €147.8b | €90.9b | €23.7b | 6.5x | 6.2x | 1.6x |
| Tue, 10 Oct 2023 | €143.3b | €88.5b | €21.8b | 7.2x | 6.6x | 1.6x |
| Thu, 07 Sep 2023 | €137.4b | €88.5b | €21.8b | 6.9x | 6.3x | 1.6x |
| Sat, 05 Aug 2023 | €141.9b | €88.5b | €21.8b | 7.3x | 6.5x | 1.6x |
| Mon, 03 Jul 2023 | €138.6b | €85.3b | €20.4b | 7.9x | 6.8x | 1.6x |
| Wed, 31 May 2023 | €127.7b | €85.3b | €20.4b | 7.4x | 6.3x | 1.5x |
| Fri, 28 Apr 2023 | €134.6b | €83.1b | €19.7b | 8.2x | 6.8x | 1.6x |
| Sun, 26 Mar 2023 | €128.2b | €82.6b | €19.6b | 7.7x | 6.5x | 1.6x |
| Tue, 21 Feb 2023 | €146.8b | €80.7b | €20.4b | 9.8x | 7.2x | 1.8x |
| Thu, 19 Jan 2023 | €135.3b | €79.9b | €18.3b | 7.1x | 7.4x | 1.7x |
| Sat, 17 Dec 2022 | €118.2b | €79.9b | €18.3b | 6.5x | 6.5x | 1.5x |
| Mon, 14 Nov 2022 | €110.2b | €79.7b | €19.5b | 5.8x | 5.7x | 1.4x |
| Wed, 12 Oct 2022 | €104.6b | €78.1b | €18.7b | 5.8x | 5.6x | 1.3x |
| Fri, 09 Sep 2022 | €105.1b | €78.1b | €18.7b | 6x | 5.6x | 1.3x |
| Sun, 07 Aug 2022 | €103.7b | €77.8b | €18.8b | 5.1x | 5.5x | 1.3x |
| Tue, 05 Jul 2022 | €110.4b | €75.6b | €16.2b | 6.6x | 6.8x | 1.5x |
| Thu, 02 Jun 2022 | €121.2b | €75.5b | €16.1b | 7.5x | 7.5x | 1.6x |
| Sat, 30 Apr 2022 | €116.8b | €74.3b | €19.5b | 6.9x | 6x | 1.6x |
| Mon, 28 Mar 2022 | €120.9b | €73.3b | €18.5b | 7.6x | 6.5x | 1.6x |
| Wed, 23 Feb 2022 | €131.5b | €73.4b | €19.3b | 8.1x | 6.8x | 1.8x |
| Fri, 21 Jan 2022 | €124.3b | €72.6b | €16.7b | 8.3x | 7.4x | 1.7x |
| Sun, 19 Dec 2021 | €108.1b | €72.6b | €16.7b | 7.2x | 6.5x | 1.5x |
| Tue, 16 Nov 2021 | €124.9b | €71.2b | €16.4b | 10.3x | 7.6x | 1.8x |
| Thu, 14 Oct 2021 | €126.3b | €68.3b | €14.0b | 11.4x | 9x | 1.8x |
| Sat, 11 Sep 2021 | €119.8b | €68.3b | €14.0b | 11x | 8.5x | 1.8x |
| Mon, 09 Aug 2021 | €125.4b | €68.3b | €14.0b | 11.5x | 8.9x | 1.8x |
Price to Earnings Ratio
8.5x
Current Industry PE
- Investors are relatively neutral on the Spanish Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 6.8x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Spanish Financials industry?
| ES Market | -0.97% | |
| Financials | 0.46% | |
| Banks | 0.62% | |
| Diversified Banks | 0.62% | |
| Regional Banks | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 6.8x.
- Analysts are expecting annual earnings growth of 1.0%, which is lower than the prior year's growth of 47.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 6.8x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 1.0% over the next 5 years.
- In contrast, the Diversified Banks industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BBVA Banco Bilbao Vizcaya Argentaria | €9.35 | 1.8% +€933.7m | 33.0% | PB1x | |
| SAB Banco de Sabadell | €1.80 | 1.9% +€181.4m | 70.8% | PB0.7x | |
| UNI Unicaja Banco | €1.27 | 1.6% +€53.0m | 32.3% | PB0.5x | |
| CABK CaixaBank | €4.94 | 0.04% +€14.7m | 30.5% | PB1.1x |