Executive Summary
CaixaBank, S.A., together with its subsidiaries, provides banking and financial products and services in Spain and internationally.
Snowflake
Fundamentals
Adequate balance sheet average dividend payer.
Similar Companies
Share Price & News
How has CaixaBank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.2%
CABK
2.1%
ES Banks
0.5%
ES Market
1 Year Return
-30.0%
CABK
-13.4%
ES Banks
4.6%
ES Market
Return vs Industry: CABK underperformed the Spanish Banks industry which returned -13.4% over the past year.
Return vs Market: CABK underperformed the Spanish Market which returned 4.6% over the past year.
Shareholder returns
| CABK | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 2.1% | 0.5% |
| 30 Day | 7.3% | 5.1% | 1.6% |
| 90 Day | 6.3% | -1.1% | 0.4% |
| 1 Year | -26.9%-30.0% | -10.5%-13.4% | 8.1%4.6% |
| 3 Year | 8.4%-1.8% | -6.3%-16.0% | 13.6%3.1% |
| 5 Year | -33.4%-44.3% | -36.9%-48.2% | 9.0%-11.5% |
Price Volatility Vs. Market
How volatile is CaixaBank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Did You Manage To Avoid CaixaBank's (BME:CABK) 50% Share Price Drop?1 month ago | Simply Wall St
Why CaixaBank, S.A. (BME:CABK) Could Be Worth Watching1 month ago | Simply Wall St
Did CaixaBank, S.A. (BME:CABK) Insiders Buy Up More Shares?Valuation
Is CaixaBank undervalued compared to its fair value and its price relative to the market?
12.27x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: CABK (€2.56) is trading above our estimate of fair value (€2.55)
Significantly Undervalued: CABK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CABK is poor value based on its PE Ratio (12.3x) compared to the Banks industry average (9.5x).
PE vs Market: CABK is good value based on its PE Ratio (12.3x) compared to the Spanish market (16.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: CABK is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: CABK is overvalued based on its PB Ratio (0.6x) compared to the ES Banks industry average (0.5x).
Next Steps
Future Growth
How is CaixaBank forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
13.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CABK's forecast earnings growth (13.2% per year) is above the savings rate (1.5%).
Earnings vs Market: CABK's earnings (13.2% per year) are forecast to grow faster than the Spanish market (7.6% per year).
High Growth Earnings: CABK's earnings are forecast to grow, but not significantly.
Revenue vs Market: CABK's revenue (1.1% per year) is forecast to grow slower than the Spanish market (3.7% per year).
High Growth Revenue: CABK's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: CABK's Return on Equity is forecast to be low in 3 years time (7.8%).
Next Steps
Past Performance
How has CaixaBank performed over the past 5 years?
25.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CABK's earnings have grown significantly by 25.7% per year over the past 5 years.
Accelerating Growth: CABK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CABK had negative earnings growth (-40%) over the past year, making it difficult to compare to the Banks industry average (12.2%).
Return on Equity
High ROE: CABK's Return on Equity (5.7%) is considered low.
Return on Assets
ROA vs Industry: CABK has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate CABK's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is CaixaBank'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
Inventory Level: CABK has a low level of unsold assets or inventory.
Debt Coverage by Assets: CABK's debt is not covered by short term assets (assets are 0.8x debt).
Financial Institutions Analysis
Asset Level: CABK's level of assets compared to its equity is moderate.
Allowance for Bad Loans: CABK has a low allowance for bad loans.
Low Risk Liabilities: CABK's liabilities are made up of primarily low risk sources of funding.
Loan Level: CABK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CABK's loans are broadly funded by customer deposits.
Level of Bad Loans: CABK has a high level of bad loans (4.1%)
Next Steps
Dividend
What is CaixaBank's current dividend yield, its reliability and sustainability?
6.63%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CABK's dividend (6.63%) is higher than the bottom 25% of dividend payers in the Spanish market (2.31%).
High Dividend: CABK's dividend (6.63%) is in the top 25% of dividend payers in the Spanish market (5.65%)
Stable Dividend: CABK's dividend payments have been volatile in the past 10 years.
Growing Dividend: CABK's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.9%), CABK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CABK's dividends in 3 years are forecast to be covered by earnings (54.1% payout ratio).
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Management
What is the CEO of CaixaBank's salary, the management and board of directors tenure and is there insider trading?
3.0yrs
Average board tenure
CEO
Gonzalo Gortázar Rotaeche (54yo)
5.3yrs
Tenure
€3,547,000
Compensation
Mr. Gonzalo Gortázar Rotaeche has been the Chief Executive Officer of CaixaBank, S.A since June 30, 2014. Mr. Rotaeche served as an External Proprietary Director of Abertis Infraestructuras S.A. from May 1 ...
CEO Compensation Analysis
Compensation vs. Market: Gonzalo's total compensation ($USD3.95M) is about average for companies of similar size in the Spanish market ($USD2.98M).
Compensation vs Earnings: Gonzalo's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Age and Tenure
3.0yrs
Average Tenure
62.5yo
Average Age
Experienced Board: CABK's board of directors are considered experienced (3 years average tenure).
Insider Trading
Insider Buying: CABK insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 100,000 |
| Max Price | €2.29 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 44,111 |
| Max Price | €2.27 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 1,960 |
| Max Price | €2.79 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 29,367 |
| Max Price | €2.79 |
| Entity | Individual |
| Role | Vice Chairman Executive Deputy Chairman |
| Shares | 17,869 |
| Max Price | €2.79 |
| Entity | Individual |
| Shares | 2,000 |
| Max Price | €2.92 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 101,385 |
| Max Price | €2.98 |
| Entity | Individual |
| Shares | 2,000 |
| Max Price | €3.12 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 7,175 |
| Max Price | €3.51 |
Ownership Breakdown
Management Team
Gonzalo Gortázar Rotaeche (54yo)
CEO & Executive Director
- Tenure: 5.3yrs
- Compensation: €3.55m
Joaquim Vilar Barrabeig
Chief Director of Intervention
- Tenure: 0yrs
Tomás Muniesa Arantegui (67yo)
Executive Deputy Chairman
- Tenure: 1.5yrs
- Compensation: €1.21m
Juan Antonio Alcaraz García
Chief Business Officer & GM of Business
- Tenure: 0yrs
Francesc Xavier Coll Escursell (63yo)
Chief Human Resources & Organisation Officer
- Tenure: 0yrs
Javier Pano Riera
Chief Financial Officer
- Tenure: 5.3yrs
Maria Luisa Martínez Gistau
Executive Director of Communication
- Tenure: 0yrs
Jorge Fontanals Curiel
Head of Resources
- Tenure: 0yrs
Jorge Mondéjar López
Chief Risks Officer & GM of Risks
- Tenure: 0yrs
Edward O'Loghlen
Director of Investor Relations
- Tenure: 0yrs
Board Members
Gonzalo Gortázar Rotaeche (54yo)
CEO & Executive Director
- Tenure: 5.3yrs
- Compensation: €3.55m
Alejandro García-Bragado Dalmau (70yo)
Proprietary Director
- Tenure: 2.8yrs
- Compensation: €118.00k
Marcelino Armenter Vidal (62yo)
Proprietary Director
- Tenure: 0.5yrs
Tomás Muniesa Arantegui (67yo)
Executive Deputy Chairman
- Tenure: 1.5yrs
- Compensation: €1.21m
John Reed (80yo)
Independent Director
- Tenure: 7.9yrs
- Compensation: €123.00k
Jordi Gual Solé (62yo)
Chairman
- Tenure: 3.3yrs
- Compensation: €1.50m
Maria Amparo Moraleda Martinez (55yo)
Independent Director
- Tenure: 5.5yrs
- Compensation: €183.00k
Francesc Xavier Vives Torrents (64yo)
Lead Independent Director
- Tenure: 2.3yrs
- Compensation: €178.00k
Koro Usarraga Unsain (62yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: €186.00k
Eduardo Javier Sanchiz Irazu (63yo)
Independent Director
- Tenure: 2.1yrs
- Compensation: €182.00k
Company Information
CaixaBank, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CaixaBank, S.A.
- Ticker: CABK
- Exchange: BME
- Founded: 1904
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €15.328b
- Shares outstanding: 5.98b
- Website: https://www.caixabank.com
Number of Employees
Location
- CaixaBank, S.A.
- 2-4, Calle Pintor Sorolla
- Valencia
- 46002
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CABK | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Registered Shares | ES | EUR | Oct 2007 |
| CIXP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Registered Shares | US | USD | Oct 2007 |
| 0ILK | LSE (London Stock Exchange) | Yes | Ordinary Registered Shares | GB | EUR | Oct 2007 |
| CABK | WBAG (Wiener Boerse AG) | Yes | Ordinary Registered Shares | AT | EUR | Oct 2007 |
| CABKe | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Registered Shares | GB | EUR | Oct 2007 |
| 48CA | DB (Deutsche Boerse AG) | Yes | Ordinary Registered Shares | DE | EUR | Oct 2007 |
| CABK N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Registered Shares | MX | MXN | Oct 2007 |
| CAIX.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Dec 2011 | |
| A19JPD | DB (Deutsche Boerse AG) | 6.75%-FRN T1 PERP EUR200000 'REGS' | DE | EUR | Jun 2017 | |
| A19JPD | DB (Deutsche Boerse AG) | 6.75%-FRN T1 PERP EUR200000 'REGS' | DE | EUR | Jun 2017 |
Biography
CaixaBank, S.A., together with its subsidiaries, provides banking and financial products and services in Spain and internationally. The company operates through Banking and Insurance, and Non-Core Real Est ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 20:54 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.