ENXTPA:BNPBanks
BNP Paribas (ENXTPA:BNP) Stock May Be Fairly Valued On Profit Surge
After a strong five year run, with BNP Paribas returning 193.5%, the stock now trades close to where the intrinsic value estimate from the Excess Returns model and traditional earnings multiples both suggest it looks about right rather than obviously cheap.
The 193.5% five year return puts BNP Paribas firmly in the camp of large banks that have already delivered substantial gains, which can limit the margin of safety at today’s price.
Recent profit growth and expansion in markets like...