BME:BKIA

Stock Analysis Report

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Executive Summary

Bankia, S.A., together with its subsidiaries, provides various banking and financial products and services in Spain and internationally. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Bankia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BKIA is more volatile than 90% of Spanish stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: BKIA's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Spanish stocks.


Market Performance


7 Day Return

-4.9%

BKIA

1.3%

ES Banks

-0.03%

ES Market


1 Year Return

-14.6%

BKIA

-21.9%

ES Banks

-8.1%

ES Market

Return vs Industry: BKIA exceeded the Spanish Banks industry which returned -25.4% over the past year.

Return vs Market: BKIA underperformed the Spanish Market which returned -9.2% over the past year.


Shareholder returns

BKIAIndustryMarket
7 Day-4.9%1.3%-0.03%
30 Day39.8%51.8%23.4%
90 Day45.5%43.2%15.4%
1 Year-6.2%-14.6%-20.5%-21.9%-5.5%-8.1%
3 Year-57.0%-63.3%-46.1%-50.8%-7.3%-15.6%
5 Year-60.7%-67.9%-36.9%-47.6%2.1%-13.4%

Long-Term Price Volatility Vs. Market

How volatile is Bankia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bankia undervalued compared to its fair value and its price relative to the market?

48.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BKIA (€1.47) is trading above our estimate of fair value (€0.15)

Significantly Below Fair Value: BKIA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BKIA is poor value based on its PE Ratio (48.2x) compared to the ES Banks industry average (12.5x).

PE vs Market: BKIA is poor value based on its PE Ratio (48.2x) compared to the Spanish market (22.1x).


Price to Earnings Growth Ratio

PEG Ratio: BKIA is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: BKIA's PB Ratio (0.3x) is in line with the ES Banks industry average.


Next Steps

Future Growth

How is Bankia forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

46.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKIA's forecast earnings growth (46.5% per year) is above the savings rate (1.3%).

Earnings vs Market: BKIA's earnings (46.5% per year) are forecast to grow faster than the Spanish market (35.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BKIA's revenue (1.1% per year) is forecast to grow slower than the Spanish market (6.5% per year).

High Growth Revenue: BKIA's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKIA's Return on Equity is forecast to be low in 3 years time (3.4%).


Next Steps

Past Performance

How has Bankia performed over the past 5 years?

-23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKIA has a large one-off loss of €585.5M impacting its September 30 2020 financial results.

Growing Profit Margin: BKIA's current net profit margins (3.9%) are lower than last year (18.5%).


Past Earnings Growth Analysis

Earnings Trend: BKIA's earnings have declined by 23.2% per year over the past 5 years.

Accelerating Growth: BKIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BKIA had negative earnings growth (-81.3%) over the past year, making it difficult to compare to the Banks industry average (-44%).


Return on Equity

High ROE: BKIA's Return on Equity (1.1%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BKIA's Assets to Equity ratio (16.6x) is moderate.

Allowance for Bad Loans: BKIA has a low allowance for bad loans (58%).

Low Risk Liabilities: 83% of BKIA's liabilities are made up of primarily low risk sources of funding.

Loan Level: BKIA has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: BKIA's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: BKIA has a high level of bad loans (4.6%).


Next Steps

Dividend

What is Bankia current dividend yield, its reliability and sustainability?

7.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BKIA's dividend (7.87%) is higher than the bottom 25% of dividend payers in the Spanish market (2.2%).

High Dividend: BKIA's dividend (7.87%) is in the top 25% of dividend payers in the Spanish market (6.96%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BKIA has been paying a dividend for less than 10 years.

Growing Dividend: BKIA's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (379.6%), BKIA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BKIA's dividends in 3 years are forecast to be well covered by earnings (49% payout ratio).


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

José Sevilla Álvarez (56 yo)

6.42yrs

Tenure

€770,000

Compensation

Mr. José Sevilla Álvarez is Chief Executive Officer of Bankia, SA ("Bankia"). Before joining Bankia he held various management positions in BBVA, where, he served as General Manager of Risks, Head of the O...


CEO Compensation Analysis

Compensation vs Market: José Sevilla's total compensation ($USD920.28K) is below average for companies of similar size in the Spanish market ($USD1.32M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jose Ignacio Goirigolzarri Tellaeche
Executive Chairman of the Board8.5yrs€770.00k0.0085%
€ 381.0k
José Sevilla Álvarez
CEO & Executive Director6.42yrs€770.00k0.0018%
€ 80.8k
Antonio Ortega Parra
Director of People6.42yrs€770.00k0.0025%
€ 110.3k
Leopoldo Alvear Trenor
Deputy General Director of Financial Managementno datano datano data
Iñigo Velázquez
Head of Investor Relations & Ratingno datano datano data
Amalia Blanco Lucas
Deputy General Director of Communication & External Relationsno datano datano data
Fernando Sobrini Aburto
Deputy General Director of Asset Management & Investees6.42yrsno datano data
Gonzalo Alcubilla Povedano
Deputy General Director of Business Banking6.42yrsno datano data
Carlos Aguilera
Head of Business Banking Division - Murcia Region2.33yrsno datano data
David López Puig
Deputy General Director of People & Cultureno datano datano data
Manuel Galarza Pont
Deputy General Director of Credit Risksno datano datano data
Eugenio Solla Tomé
Deputy General Director of Retail Bankingno datano datano data

6.4yrs

Average Tenure

58yo

Average Age

Experienced Management: BKIA's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jose Ignacio Goirigolzarri Tellaeche
Executive Chairman of the Board8.5yrs€770.00k0.0085%
€ 381.0k
José Sevilla Álvarez
CEO & Executive Director6.42yrs€770.00k0.0018%
€ 80.8k
Antonio Ortega Parra
Director of People6.42yrs€770.00k0.0025%
€ 110.3k
Joaquín Ayuso García
Independent Director8.5yrs€100.00k0.0018%
€ 80.8k
Carlos Egea Krauel
Other External Director3.17yrs€198.00k0.00051%
€ 22.8k
Eva Castillo Sanz
Lead Independent Director1.75yrs€100.00k0.00082%
€ 36.6k
Fernando Fernández Méndez de Andés
Independent Director8.5yrs€100.00k0.00054%
€ 24.1k
José Luis Feito Higueruela
Independent Director8.5yrs€100.00k0.0016%
€ 72.8k
Francisco Javier Campo Garcia
Independent Director8.5yrs€100.00k0.0017%
€ 74.1k
Jorge Cosmen Menéndez-Castañedo
Independent Director8.5yrs€100.00k0%
€ 0
Antonio Greño Hidalgo
Independent Director4.67yrs€100.00k0.00068%
€ 30.4k
Laura González Molero
Independent Director2.08yrs€100.00k0.00016%
€ 7.1k

8.5yrs

Average Tenure

64.5yo

Average Age

Experienced Board: BKIA's board of directors are considered experienced (8.5 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

Bankia, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bankia, S.A.
  • Ticker: BKIA
  • Exchange: BME
  • Founded: 2010
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €4.467b
  • Shares outstanding: 3.04b
  • Website: https://www.bankia.com

Number of Employees


Location

  • Bankia, S.A.
  • Paseo de la Castellana, 189
  • Madrid
  • Madrid
  • 28046
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKIABME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJul 2011
0RQ1LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2011
BNKX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2011
FV02DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2011
BKIA NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJul 2011
BKIAWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 2011
BKIAEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2011
FV02ETLX (Eurotlx)YesOrdinary SharesITEURJul 2011
BNKX.YOTCPK (Pink Sheets LLC)ADRUSUSDMar 2013

Biography

Bankia, S.A., together with its subsidiaries, provides various banking and financial products and services in Spain and internationally. The company operates through Retail Banking, Business Banking, and C...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 20:10
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.