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BBVA

Banco Bilbao Vizcaya Argentaria BME:BBVA Stock Report

Last Price

€4.85

Market Cap

€31.1b

7D

5.7%

1Y

-3.5%

Updated

15 May, 2022

Data

Company Financials +
BBVA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health4/6
Dividends5/6

BBVA Stock Overview

Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail banking, wholesale banking, and asset management services.

Banco Bilbao Vizcaya Argentaria Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Banco Bilbao Vizcaya Argentaria
Historical stock prices
Current Share Price€4.85
52 Week High€6.29
52 Week Low€4.38
Beta1.9
1 Month Change-3.66%
3 Month Change-15.37%
1 Year Change-3.54%
3 Year Change-5.86%
5 Year Change-34.58%
Change since IPO-27.12%

Recent News & Updates

Shareholder Returns

BBVAES BanksES Market
7D5.7%2.6%-0.2%
1Y-3.5%-8.8%-10.0%

Return vs Industry: BBVA exceeded the Spanish Banks industry which returned -8.8% over the past year.

Return vs Market: BBVA exceeded the Spanish Market which returned -10% over the past year.

Price Volatility

Is BBVA's price volatile compared to industry and market?
BBVA volatility
BBVA Average Weekly Movement6.7%
Banks Industry Average Movement6.6%
Market Average Movement4.6%
10% most volatile stocks in ES Market8.2%
10% least volatile stocks in ES Market0.9%

Stable Share Price: BBVA is more volatile than 75% of Spanish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BBVA's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Spanish stocks.

About the Company

FoundedEmployeesCEOWebsite
1857111,402Onur Genchttps://www.bbva.com

Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; and manages pension and investment funds.

Banco Bilbao Vizcaya Argentaria Fundamentals Summary

How do Banco Bilbao Vizcaya Argentaria's earnings and revenue compare to its market cap?
BBVA fundamental statistics
Market Cap€31.07b
Earnings (TTM)€4.65b
Revenue (TTM)€19.42b

6.7x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BBVA income statement (TTM)
Revenue€19.42b
Cost of Revenue€0
Gross Profit€19.42b
Other Expenses€14.76b
Earnings€4.65b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.73
Gross Margin100.00%
Net Profit Margin23.96%
Debt/Equity Ratio110.9%

How did BBVA perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

43%

Payout Ratio

Valuation

Is Banco Bilbao Vizcaya Argentaria undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BBVA (€4.85) is trading below our estimate of fair value (€11.47)

Significantly Below Fair Value: BBVA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BBVA is good value based on its PE Ratio (6.7x) compared to the Spanish Banks industry average (6.9x).

PE vs Market: BBVA is good value based on its PE Ratio (6.7x) compared to the Spanish market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: BBVA is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: BBVA is overvalued based on its PB Ratio (0.7x) compared to the ES Banks industry average (0.6x).


Future Growth

How is Banco Bilbao Vizcaya Argentaria forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBVA's forecast earnings growth (4.9% per year) is above the savings rate (0.9%).

Earnings vs Market: BBVA's earnings (4.9% per year) are forecast to grow slower than the Spanish market (13.3% per year).

High Growth Earnings: BBVA's earnings are forecast to grow, but not significantly.

Revenue vs Market: BBVA's revenue (3.3% per year) is forecast to grow slower than the Spanish market (4.2% per year).

High Growth Revenue: BBVA's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BBVA's Return on Equity is forecast to be low in 3 years time (11%).


Past Performance

How has Banco Bilbao Vizcaya Argentaria performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-1.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BBVA has high quality earnings.

Growing Profit Margin: BBVA's current net profit margins (24%) are higher than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: BBVA's earnings have declined by 1.7% per year over the past 5 years.

Accelerating Growth: BBVA's earnings growth over the past year (43.2%) exceeds its 5-year average (-1.7% per year).

Earnings vs Industry: BBVA earnings growth over the past year (43.2%) exceeded the Banks industry 36%.


Return on Equity

High ROE: BBVA's Return on Equity (12.5%) is considered low.


Financial Health

How is Banco Bilbao Vizcaya Argentaria's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BBVA's Assets to Equity ratio (14x) is moderate.

Allowance for Bad Loans: BBVA has a low allowance for bad loans (78%).

Low Risk Liabilities: 69% of BBVA's liabilities are made up of primarily low risk sources of funding.

Loan Level: BBVA has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: BBVA's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: BBVA has a high level of bad loans (4.1%).


Dividend

What is Banco Bilbao Vizcaya Argentaria current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.39%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BBVA's dividend (6.39%) is higher than the bottom 25% of dividend payers in the Spanish market (1.83%).

High Dividend: BBVA's dividend (6.39%) is in the top 25% of dividend payers in the Spanish market (5.45%)


Stability and Growth of Payments

Stable Dividend: BBVA's dividend payments have been volatile in the past 10 years.

Growing Dividend: BBVA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42.7%), BBVA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BBVA's dividends in 3 years are forecast to be well covered by earnings (49.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Onur Genc (47 yo)

3.42yrs

Tenure

€4,036,000

Compensation

Mr. Onur Genc is Chief Executive Officer of BBVA Group. Mr. Genc has been Director at Banco Bilbao Vizcaya Argentaria, SA - Sucursal em Portugal since December 20, 2018 and is its Chief Executive Officer....


CEO Compensation Analysis

Compensation vs Market: Onur's total compensation ($USD4.20M) is above average for companies of similar size in the Spanish market ($USD2.57M).

Compensation vs Earnings: Onur's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BBVA's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: BBVA's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Banco Bilbao Vizcaya Argentaria, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Banco Bilbao Vizcaya Argentaria, S.A.
  • Ticker: BBVA
  • Exchange: BME
  • Founded: 1857
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: €31.069b
  • Shares outstanding: 6.41b
  • Website: https://www.bbva.com

Number of Employees


Location

  • Banco Bilbao Vizcaya Argentaria, S.A.
  • Plaza San NicolAs, 4
  • Bilbao
  • Basque Country
  • 48005
  • Spain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.