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BBVA Banco Francés

MUN:BFP
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BFP
MUN
ARS81B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

BBVA Banco Francés S.A., together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • BBVA Banco Francés has significant price volatility in the past 3 months.
BFP Share Price and Events
7 Day Returns
1.9%
MUN:BFP
4.9%
DE Banks
1.8%
DE Market
1 Year Returns
-54.9%
MUN:BFP
-22.7%
DE Banks
-6%
DE Market
BFP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BBVA Banco Francés (BFP) 1.9% -10.2% -28.4% -54.9% -57.9% 18.9%
DE Banks 4.9% 12% 13.9% -22.7% -4.1% -18.6%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • BFP underperformed the Banks industry which returned -22.7% over the past year.
  • BFP underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
BFP
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for BBVA Banco Francés's competitors could be found in our database.

BFP Value

 Is BBVA Banco Francés undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BBVA Banco Francés to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BBVA Banco Francés.

MUN:BFP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= ARS100.15 * 28.3%
ARS28.35
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. ARS100.15
Discount Rate (Cost of Equity) See below 5.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MUN:BFP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 30%) (36.53%))
0.829
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.829 * 5.96%)
5.17%

Discounted Cash Flow Calculation for MUN:BFP using Excess Returns Model Model

The calculations below outline how an intrinsic value for BBVA Banco Francés is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

MUN:BFP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (28.3% – 5.17%) * ARS100.15)
ARS23.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ARS23.17 / (5.17% - 0.23%)
ARS469.02
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ARS100.15 + ARS469.02
ARS569.17
MUN:BFP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in MUN:BFP represents 0.05987x of BASE:FRAN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.05987x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ARS) x Listing Adjustment Factor
= ARS 569.17 x 0.05987
€34.08
Value per share (EUR) From above. €34.08
Current discount Discount to share price of €7.90
= -1 x (€7.90 - €34.08) / €34.08
76.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BBVA Banco Francés is available for.
Intrinsic value
>50%
Share price is €7.9 vs Future cash flow value of €34.08
Current Discount Checks
For BBVA Banco Francés to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BBVA Banco Francés's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BBVA Banco Francés's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BBVA Banco Francés's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BBVA Banco Francés's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:BFP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in ARS ARS15.69
BASE:FRAN Share Price ** BASE (2019-04-18) in ARS ARS131.95
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.05x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BBVA Banco Francés.

MUN:BFP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BASE:FRAN Share Price ÷ EPS (both in ARS)

= 131.95 ÷ 15.69

8.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BBVA Banco Francés is good value based on earnings compared to the DE Banks industry average.
  • BBVA Banco Francés is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does BBVA Banco Francés's expected growth come at a high price?
Raw Data
MUN:BFP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
21.1%per year
Europe Banks Industry PEG Ratio Median Figure of 112 Publicly-Listed Banks Companies 0.83x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

MUN:BFP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.41x ÷ 21.1%

0.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BBVA Banco Francés is good value based on expected growth next year.
Price based on value of assets
What value do investors place on BBVA Banco Francés's assets?
Raw Data
MUN:BFP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in ARS ARS62.93
BASE:FRAN Share Price * BASE (2019-04-18) in ARS ARS131.95
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.91x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
MUN:BFP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BASE:FRAN Share Price ÷ Book Value per Share (both in ARS)

= 131.95 ÷ 62.93

2.1x

* Primary Listing of BBVA Banco Francés.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BBVA Banco Francés is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess BBVA Banco Francés's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. BBVA Banco Francés has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BFP Future Performance

 How is BBVA Banco Francés expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BBVA Banco Francés expected to grow at an attractive rate?
  • BBVA Banco Francés's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • BBVA Banco Francés's earnings growth is expected to exceed the Germany market average.
  • BBVA Banco Francés's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
MUN:BFP Future Growth Rates Data Sources
Data Point Source Value (per year)
MUN:BFP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 21.1%
MUN:BFP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 18.3%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.8%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MUN:BFP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in ARS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:BFP Future Estimates Data
Date (Data in ARS Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 64,838 20,668 3
2020-12-31 54,765 14,458 4
2019-12-31 46,427 13,213 4
MUN:BFP Past Financials Data
Date (Data in ARS Millions) Revenue Cash Flow Net Income *
2018-12-31 36,597 -68,654 9,614
2018-09-30 26,927 -49,998 7,461
2018-06-30 22,732 -32,096 6,008
2018-03-31 19,929 -10,343 4,868
2017-12-31 22,851 -57,297 4,480
2017-09-30 21,268 -26,865 3,676
2017-06-30 19,062 -1,377 3,228
2017-03-31 17,368 10,729 3,020
2016-12-31 15,258 21,114 3,644
2016-09-30 15,145 21,633 4,250
2016-06-30 14,553 17,345 4,315
2016-03-31 13,408 14,667 4,019

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BBVA Banco Francés's earnings are expected to grow significantly at over 20% yearly.
  • BBVA Banco Francés's revenue is expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MUN:BFP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from BBVA Banco Francés Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:BFP Future Estimates Data
Date (Data in ARS Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 31.30 33.73 28.87 2.00
2020-12-31 24.23 26.03 22.42 2.00
2019-12-31 20.78 21.69 19.88 2.00
MUN:BFP Past Financials Data
Date (Data in ARS Millions) EPS *
2018-12-31 15.69
2018-09-30 12.08
2018-06-30 9.81
2018-03-31 8.20
2017-12-31 7.86
2017-09-30 6.68
2017-06-30 5.91
2017-03-31 5.63
2016-12-31 6.79
2016-09-30 7.92
2016-06-30 8.04
2016-03-31 7.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BBVA Banco Francés is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess BBVA Banco Francés's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BBVA Banco Francés has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BFP Past Performance

  How has BBVA Banco Francés performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BBVA Banco Francés's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BBVA Banco Francés has delivered over 20% year on year earnings growth in the past 5 years.
  • BBVA Banco Francés's 1-year earnings growth exceeds its 5-year average (114.6% vs 20.4%)
  • BBVA Banco Francés's earnings growth has exceeded the DE Banks industry average in the past year (114.6% vs 5.5%).
Earnings and Revenue History
BBVA Banco Francés's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BBVA Banco Francés Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:BFP Past Revenue, Cash Flow and Net Income Data
Date (Data in ARS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 36,596.70 9,613.69 14,592.03
2018-09-30 26,927.43 7,461.27 11,212.96
2018-06-30 22,731.98 6,008.40 9,973.45
2018-03-31 19,928.69 4,868.39 9,392.53
2017-12-31 22,850.88 4,479.79 10,959.96
2017-09-30 21,268.46 3,676.46 9,515.35
2017-06-30 19,062.00 3,227.89 8,181.92
2017-03-31 17,367.85 3,020.25 7,253.78
2016-12-31 15,258.17 3,643.67 6,739.07
2016-09-30 15,144.81 4,249.53 5,883.93
2016-06-30 14,552.92 4,314.67 5,308.63
2016-03-31 13,408.49 4,018.63 4,671.16
2015-12-31 12,673.65 3,784.49 4,579.54
2015-09-30 11,719.90 3,410.58 4,003.73
2015-06-30 10,993.17 3,041.48 4,024.80
2015-03-31 10,365.57 2,773.32 3,956.76
2014-12-31 10,418.94 3,204.50 3,664.64
2014-09-30 9,980.65 3,254.07 3,504.29
2014-06-30 9,369.40 3,185.80 3,043.94
2014-03-31 8,756.62 3,042.21 2,766.80
2013-12-31 7,068.09 2,024.24 2,550.52
2013-09-30 5,998.25 1,435.25 2,572.74
2013-06-30 5,564.55 1,291.92 2,390.18
2013-03-31 5,454.25 1,367.31 2,221.16
2012-12-31 5,056.62 1,263.68 2,052.45
2012-09-30 5,214.87 1,487.13 1,989.81
2012-06-30 4,513.30 1,184.46 1,838.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BBVA Banco Francés has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • BBVA Banco Francés used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if BBVA Banco Francés improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess BBVA Banco Francés's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BBVA Banco Francés has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BFP Health

 How is BBVA Banco Francés's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of BBVA Banco Francés's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BBVA Banco Francés Company Filings, last reported 3 months ago.

MUN:BFP Past Debt and Equity Data
Date (Data in ARS Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 38,581.78 29,529.52 68,858.89
2018-09-30 35,728.22 25,795.05 66,488.19
2018-06-30 33,415.56 22,780.33 45,364.35
2018-03-31 32,170.22 16,054.13 22,253.76
2017-12-31 30,237.06 12,992.33 38,171.27
2017-09-30 25,226.58 26,189.93 28,152.19
2017-06-30 17,440.25 11,811.72 16,462.93
2017-03-31 17,693.96 28,427.57 41,643.48
2016-12-31 17,080.18 4,705.66 18,312.02
2016-09-30 16,265.78 10,264.04 13,229.23
2016-06-30 15,262.42 10,944.61 14,234.30
2016-03-31 15,256.25 8,747.84 11,531.77
2015-12-31 14,054.50 7,184.99 8,038.08
2015-09-30 12,826.90 7,211.14 4,232.68
2015-06-30 11,798.29 7,539.90 6,575.33
2015-03-31 11,570.93 5,852.09 3,920.86
2014-12-31 10,607.93 4,281.23 5,459.70
2014-09-30 9,764.32 8,435.23 5,506.68
2014-06-30 9,094.42 5,036.06 5,666.93
2014-03-31 8,710.33 5,243.16 5,984.46
2013-12-31 7,328.58 2,251.25 3,107.22
2013-09-30 6,448.57 4,391.73 5,335.97
2013-06-30 5,874.65 2,557.61 8,772.46
2013-03-31 5,605.77 1,604.73 3,095.68
2012-12-31 5,249.92 1,365.98 9,057.30
2012-09-30 4,966.69 2,516.29 7,852.56
2012-06-30 4,539.60 2,121.78 2,955.66
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • BBVA Banco Francés has an acceptable proportion of non-loan assets held.
  • BBVA Banco Francés's liabilities are made up of primarily low risk sources of funding.
  • Loans at BBVA Banco Francés are broadly funded by customer deposits.
  • BBVA Banco Francés's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • BBVA Banco Francés has a sufficient allowance for bad loans.
  • BBVA Banco Francés has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess BBVA Banco Francés's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BBVA Banco Francés has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BFP Dividends

 What is BBVA Banco Francés's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.98%
Current annual income from BBVA Banco Francés dividends. Estimated to be 4.34% next year.
If you bought €2,000 of BBVA Banco Francés shares you are expected to receive €60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BBVA Banco Francés's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • BBVA Banco Francés's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MUN:BFP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MUN:BFP Future Dividends Estimate Data
Date (Data in ARS) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 8.31 2.00
2020-12-31 5.30 3.00
2019-12-31 4.44 3.00
MUN:BFP Past Annualized Dividends Data
Date (Data in ARS) Dividend per share (annual) Avg. Yield (%)
2019-03-11 3.929 2.884
2018-04-26 1.583 1.180
2017-04-19 1.697 1.423
2017-02-13 1.697 1.799
2016-04-27 1.676 1.716
2016-02-11 1.676 1.624
2014-06-25 0.054 0.085
2012-11-20 0.000 0.000
2012-11-12 0.000 0.000
2012-08-17 0.000 0.000
2012-08-10 0.000 0.000
2012-05-21 0.000 0.000
2012-05-14 0.000 0.000
2012-03-27 0.000 0.000
2012-02-17 0.000 0.000
2012-02-13 0.000 0.000
2011-04-14 1.499 13.800
2011-04-04 1.499 9.172
2011-02-11 1.499 9.460
2010-05-10 0.895 7.682
2010-05-05 0.895 10.639
2010-02-22 0.895 9.866
2009-04-23 0.186 3.062

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of BBVA Banco Francés's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess BBVA Banco Francés's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BBVA Banco Francés afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BBVA Banco Francés has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BFP Management

 What is the CEO of BBVA Banco Francés's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Martín Zarich
AGE 54
TENURE AS CEO 3.9 years
CEO Bio

Mr. Martín Ezequiel Zarich serves as CEO at BBVA Banco Francés SA. He served as Chief Executive Officer and General Manager at BBVA Banco Frances S.A. since January 11, 2016. He served as Director of Innovation & Development at BBVA Banco Frances S.A. from October 28, 2010 to May 2015. Mr. Zarich served as the Chief Financial Officer of BBVA Banco from June 4, 2007 to October 28, 2010 and also served as its Financial Director until October 2010. He served as Director - Planning and Financial Area at BBVA Banco Francés SA until October 2010. He also served as Merger Director, Retail Banking Director and Planning Director of BBVA Banco. He served as Deputy General Director of Business Development at BBVA Group. Mr. Zarich served as Economist, Management Control and Budget Manager and Planning Director of Banco de Crédito Argentino. He serves as Director of BBVA Francés Valores Sociedad de Bolsa S.A. He served as a Director of BBVA Banco Continental since March 2003. He served as a Director of Credilogros Compañía Financiera, BBVA Banco Francés Uruguay and BBVA Banco Francés Cayman Ltd.

CEO Compensation
  • Insufficient data for Martín to compare compensation growth.
  • Insufficient data for Martín to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the BBVA Banco Francés management team in years:

3.9
Average Tenure
54.5
Average Age
  • The tenure for the BBVA Banco Francés management team is about average.
Management Team

Martín Zarich

TITLE
Chief Executive Officer
AGE
54
TENURE
3.9 yrs

Ernesto Ramón Gallardo Jimenez

TITLE
CFO, Director of Finance & Planning and Head of Market Relations
AGE
55
TENURE
1.3 yrs

Manuel Mansilla

TITLE
Chief Operating Officer

Carlos Elizalde

TITLE
Director of Corporate & Investment Banking
AGE
57
TENURE
5.3 yrs

Eduardo González Correas

TITLE
Director of Legal Services
AGE
36
TENURE
2.3 yrs

Gustavo Osvaldo Fernandez

TITLE
Director of Talent & Culture
AGE
54

Jorge Delfín Luna

TITLE
Regular Director
AGE
60
TENURE
9.3 yrs
Board of Directors Tenure

Average tenure and age of the BBVA Banco Francés board of directors in years:

2.1
Average Tenure
57
Average Age
  • The average tenure for the BBVA Banco Francés board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ricardo Moreno

TITLE
Chairman of the Board
AGE
55
TENURE
0.1 yrs

Alfredo Castillo Triguero

TITLE
Vice Chairman 1
AGE
61
TENURE
2.4 yrs

Juan Ballesteros Castellano

TITLE
Vice Chairman 2
AGE
55
TENURE
2.1 yrs

Jorge Delfín Luna

TITLE
Regular Director
AGE
60
TENURE
2.1 yrs

Oscar Castro

TITLE
Regular Director
AGE
73
TENURE
16 yrs

Gabriel Eugenio Milstein

TITLE
Regular Director
AGE
60
TENURE
3 yrs

Adriana Fernández de Melero

TITLE
Alternate Director
AGE
57
TENURE
2.1 yrs

Javier Pérez Cardete

TITLE
Alternate Director
AGE
57
TENURE
3 yrs

Gustavo Mazzolini Casas

TITLE
Alternate Director
AGE
51
TENURE
2.1 yrs

Alejandro Mosquera

TITLE
Member of Supervisory Committee
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess BBVA Banco Francés's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BBVA Banco Francés has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BFP News

Simply Wall St News

BFP Company Info

Description

BBVA Banco Francés S.A., together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits. It also provides personal and auto loans, and mortgages; loans to the public sector and local financial institutions, and short-term loans to companies, as well as overdraft lines of credit, discounted instruments, real estate mortgage loans, collateral loans, consumer loans, credit card loans, pre-financing and export financing, and short-term placements in foreign banks. In addition, the company offers fire, mixed family and comprehensive, civil liability, theft, personal accidents, umbrella life, debtor balances, funeral services, and other insurance coverage products; investment fund and pension fund management services; and stock exchange brokerage services. Further, it provides financing for the acquisition of new and second-hand Peugeot and Citroën vehicles through pledge loans, receivables from financial leases, and other financial products and in supplying services associated to the purchase, maintenance, and insurance coverage of motor vehicles; and secured loans for the purchase of VW, Audi, and Ducati new or second hand vehicles, credit through operating leases, and other financial products and services, as well as engages in security trading, investment banking, and other authorized operations. As of December 31, 2017, it operated a network of 251 retail branches, 15 in-company branches, 1 points of sale, and 2 point of express support, 797 ATMs, 822 self-service terminals, a telephone banking, and Internet banking services. The company was formerly known as Banco Francés S.A. and changed its name to BBVA Banco Francés S.A. in October 2000. The company was founded in 1886 and is headquartered in Buenos Aires, the Republic of Argentina.

Details
Name: BBVA Banco Francés S.A.
BFP
Exchange: MUN
Founded: 1886
ARS1,681,950,764
612,659,638
Website: http://www.bbvafrances.com.ar
Address: BBVA Banco Francés S.A.
Reconquista 199,
Buenos Aires,
Capital Federal, 1006,
Argentina
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BASE FRAN Common Stock Buenos Aires Stock Exchange AR ARS 02. Jan 1992
DB BDPA Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
BME XBFR Common Stock Bolsas y Mercados Espanoles ES EUR 02. Jan 1992
NYSE BFR SPONS ADR-EACH REPR 3 ORD ARS1 New York Stock Exchange US USD 24. Nov 1993
MUN BFP SPONS ADR-EACH REPR 3 ORD ARS1 Boerse Muenchen DE EUR 24. Nov 1993
Number of employees
Current staff
Staff numbers
6,089
BBVA Banco Francés employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 20:43
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.