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BKT

Bankinter BME:BKT Stock Report

Last Price

€5.33

Market Cap

€4.8b

7D

3.1%

1Y

11.4%

Updated

15 May, 2022

Data

Company Financials +
BKT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance4/6
Financial Health3/6
Dividends4/6

BKT Stock Overview

Bankinter, S.A. provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Bankinter Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bankinter
Historical stock prices
Current Share Price€5.33
52 Week High€6.08
52 Week Low€4.01
Beta1.42
1 Month Change0.95%
3 Month Change-8.74%
1 Year Change11.37%
3 Year Change-21.04%
5 Year Change-36.03%
Change since IPO266.33%

Recent News & Updates

Mar 16
Shareholders Will Most Likely Find Bankinter, S.A.'s (BME:BKT) CEO Compensation Acceptable

Shareholders Will Most Likely Find Bankinter, S.A.'s (BME:BKT) CEO Compensation Acceptable

Performance at Bankinter, S.A. ( BME:BKT ) has been reasonably good and CEO Maria Dolores Dancausa Trevino has done a...

Shareholder Returns

BKTES BanksES Market
7D3.1%2.6%-0.2%
1Y11.4%-8.8%-10.0%

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

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

Price Volatility

Is BKT's price volatile compared to industry and market?
BKT volatility
BKT Average Weekly Movement6.6%
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: BKT is more volatile than 75% of Spanish stocks over the past 3 months, typically moving +/- 7% a week.

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

About the Company

FoundedEmployeesCEOWebsite
19656,176Maria Dolores Dancausa Trevinohttps://www.bankinter.com

Bankinter, S.A. provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers salary, non-salary, professional, basic, currency, pension, business, and current accounts, as well as deposit products; and mortgages and loan products, as well as financing services. The company also provides saving and investment products, including profiled funds, sustainable investment funds, other managers funds, pension funds, and themed funds, as well as funds for beginners; regular investment plans; and advisory, customized investment, wealth management, and alternative investment products and services.

Bankinter Fundamentals Summary

How do Bankinter's earnings and revenue compare to its market cap?
BKT fundamental statistics
Market Cap€4.79b
Earnings (TTM)€435.36m
Revenue (TTM)€1.62b

11.0x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BKT income statement (TTM)
Revenue€1.62b
Cost of Revenue€0
Gross Profit€1.62b
Other Expenses€1.19b
Earnings€435.36m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.48
Gross Margin100.00%
Net Profit Margin26.82%
Debt/Equity Ratio158.3%

How did BKT perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

50%

Payout Ratio

Valuation

Is Bankinter 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


30.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BKT (€5.33) is trading below our estimate of fair value (€7.66)

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


Price To Earnings Ratio

PE vs Industry: BKT is poor value based on its PE Ratio (11x) compared to the Spanish Banks industry average (6.9x).

PE vs Market: BKT is good value based on its PE Ratio (11x) compared to the Spanish market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: BKT is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: BKT is overvalued based on its PB Ratio (1x) compared to the ES Banks industry average (0.6x).


Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKT's forecast earnings growth (11.4% per year) is above the savings rate (0.9%).

Earnings vs Market: BKT's earnings (11.4% per year) are forecast to grow slower than the Spanish market (13.3% per year).

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

Revenue vs Market: BKT's revenue (5.5% per year) is forecast to grow faster than the Spanish market (4.2% per year).

High Growth Revenue: BKT's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKT's Return on Equity is forecast to be low in 3 years time (10.6%).


Past Performance

How has Bankinter 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


-7.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BKT has high quality earnings.

Growing Profit Margin: BKT's current net profit margins (26.8%) are higher than last year (14.7%).


Past Earnings Growth Analysis

Earnings Trend: BKT's earnings have declined by 7.9% per year over the past 5 years.

Accelerating Growth: BKT's earnings growth over the past year (129.9%) exceeds its 5-year average (-7.9% per year).

Earnings vs Industry: BKT earnings growth over the past year (129.9%) exceeded the Banks industry 36%.


Return on Equity

High ROE: BKT's Return on Equity (9%) is considered low.


Financial Health

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

Financial Health Score

3/6

Financial Health Score 3/6

  • 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: BKT's Assets to Equity ratio (22.8x) is very high.

Allowance for Bad Loans: BKT has a low allowance for bad loans (65%).

Low Risk Liabilities: 86% of BKT's liabilities are made up of primarily low risk sources of funding.

Loan Level: BKT has an appropriate level of Loans to Assets ratio (64%).

Low Risk Deposits: BKT's Loans to Deposits ratio (79%) is appropriate.

Level of Bad Loans: BKT has a high level of bad loans (2.4%).


Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.57%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BKT's dividend (4.57%) is higher than the bottom 25% of dividend payers in the Spanish market (1.83%).

High Dividend: BKT's dividend (4.57%) is low compared to the top 25% of dividend payers in the Spanish market (5.45%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50%), BKT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BKT's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).


Next Steps

Management

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

7.8yrs

Average board tenure


CEO

Maria Dolores Dancausa Trevino (63 yo)

11.58yrs

Tenure

€1,143,854

Compensation

Ms. Maria Dolores Dancausa Trevino serves as Independent Director at Acciona, S.A. since June 30, 2021 & joined Acciona, S.A. since June 30, 2021. She serves as General Manager at Linea Directa Aseguradora...


CEO Compensation Analysis

Compensation vs Market: Maria Dolores Dancausa's total compensation ($USD1.19M) is about average for companies of similar size in the Spanish market ($USD1.24M).

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


Board Members

Experienced Board: BKT's board of directors are considered experienced (7.8 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

Bankinter, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bankinter, S.A.
  • Ticker: BKT
  • Exchange: BME
  • Founded: 1965
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: €4.788b
  • Shares outstanding: 898.67m
  • Website: https://www.bankinter.com

Number of Employees


Location

  • Bankinter, S.A.
  • Paseo de la Castellana Number 29
  • Madrid
  • Madrid
  • 28046
  • 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.