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SAB

Banco de Sabadell BME:SAB Stock Report

Last Price

€0.79

Market Cap

€4.4b

7D

7.5%

1Y

21.5%

Updated

24 May, 2022

Data

Company Financials +
SAB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance1/6
Financial Health4/6
Dividends3/6

SAB Stock Overview

Banco de Sabadell, S.A. provides banking products and services to personal, business, and private customers in Spain and internationally.

Banco de Sabadell Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Banco de Sabadell
Historical stock prices
Current Share Price€0.79
52 Week High€0.95
52 Week Low€0.50
Beta1.32
1 Month Change1.33%
3 Month Change-5.38%
1 Year Change21.51%
3 Year Change-21.99%
5 Year Change-56.47%
Change since IPO-83.51%

Recent News & Updates

Shareholder Returns

SABES BanksES Market
7D7.5%3.6%2.0%
1Y21.5%-3.5%-7.8%

Return vs Industry: SAB exceeded the Spanish Banks industry which returned -4.4% over the past year.

Return vs Market: SAB exceeded the Spanish Market which returned -7.8% over the past year.

Price Volatility

Is SAB's price volatile compared to industry and market?
SAB volatility
SAB Average Weekly Movement8.2%
Banks Industry Average Movement6.6%
Market Average Movement4.4%
10% most volatile stocks in ES Market8.1%
10% least volatile stocks in ES Market1.2%

Stable Share Price: SAB is more volatile than 90% of Spanish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SAB's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Spanish stocks.

About the Company

FoundedEmployeesCEOWebsite
188118,985Cesar Gonzalez-Bueno Wittgensteinhttps://www.bancsabadell.com

Banco de Sabadell, S.A. provides banking products and services to personal, business, and private customers in Spain and internationally. The company offers retail banking products, such as current and savings accounts, personal loans, cards, and mortgages. It also provides financial products and services to large and medium enterprises, SMEs, shops and self-employed workers, private individuals, and professionals; and consumer finance, asset management, and bancassurance services.

Banco de Sabadell Fundamentals Summary

How do Banco de Sabadell's earnings and revenue compare to its market cap?
SAB fundamental statistics
Market Cap€4.42b
Earnings (TTM)€556.65m
Revenue (TTM)€4.24b

7.9x

P/E Ratio

0.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SAB income statement (TTM)
Revenue€4.24b
Cost of Revenue€0
Gross Profit€4.24b
Other Expenses€3.68b
Earnings€556.65m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin100.00%
Net Profit Margin13.13%
Debt/Equity Ratio169.0%

How did SAB perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Banco de Sabadell 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


8.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SAB (€0.79) is trading below our estimate of fair value (€0.86)

Significantly Below Fair Value: SAB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SAB is poor value based on its Price-To-Earnings Ratio (7.9x) compared to the Spanish Banks industry average (7.2x).

PE vs Market: SAB is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Spanish market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: SAB is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: SAB is good value based on its Price-To-Book Ratio (0.3x) compared to the ES Banks industry average (0.6x).


Future Growth

How is Banco de Sabadell 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


15.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAB's forecast earnings growth (15.4% per year) is above the savings rate (0.9%).

Earnings vs Market: SAB's earnings (15.4% per year) are forecast to grow faster than the Spanish market (13% per year).

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

Revenue vs Market: SAB's revenue (4.1% per year) is forecast to grow slower than the Spanish market (4.3% per year).

High Growth Revenue: SAB's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SAB's Return on Equity is forecast to be low in 3 years time (5.6%).


Past Performance

How has Banco de Sabadell performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-28.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SAB has a large one-off loss of €447.0M impacting its March 31 2022 financial results.

Growing Profit Margin: SAB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SAB's earnings have declined by 28% per year over the past 5 years.

Accelerating Growth: SAB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SAB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (35.2%).


Return on Equity

High ROE: SAB's Return on Equity (5.3%) is considered low.


Financial Health

How is Banco de Sabadell'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: SAB's Assets to Equity ratio (19.6x) is moderate.

Allowance for Bad Loans: SAB has a low allowance for bad loans (57%).

Low Risk Liabilities: 87% of SAB's liabilities are made up of primarily low risk sources of funding.

Loan Level: SAB has an appropriate level of Loans to Assets ratio (63%).

Low Risk Deposits: SAB's Loans to Deposits ratio (77%) is appropriate.

Level of Bad Loans: SAB has a high level of bad loans (3.5%).


Dividend

What is Banco de Sabadell current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.79%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SAB's dividend (3.79%) is higher than the bottom 25% of dividend payers in the Spanish market (1.82%).

High Dividend: SAB's dividend (3.79%) is low compared to the top 25% of dividend payers in the Spanish market (5.44%).


Stability and Growth of Payments

Stable Dividend: SAB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SAB's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.1%), SAB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SAB's dividends in 3 years are forecast to be well covered by earnings (39.2% payout ratio).


Discover strong dividend paying companies

Management

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

3.3yrs

Average management tenure


CEO

Cesar Gonzalez-Bueno Wittgenstein (61 yo)

1.17yrs

Tenure

€2,217,790

Compensation

Mr. Cesar Gonzalez-Bueno Mayer Wittgenstein is Chief Executive Officer since March 18, 2021 and Executive Director at Banco de Sabadell, S.A. since December 17, 2020. Mr. Wittgenstein had been Non-Executiv...


CEO Compensation Analysis

Compensation vs Market: Cesar Gonzalez-Bueno's total compensation ($USD2.38M) is above average for companies of similar size in the Spanish market ($USD1.40M).

Compensation vs Earnings: Insufficient data to compare Cesar Gonzalez-Bueno's compensation with company performance.


Leadership Team

Experienced Management: SAB's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: SAB's board of directors are considered experienced (7 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 de Sabadell, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Banco de Sabadell, S.A.
  • Ticker: SAB
  • Exchange: BME
  • Founded: 1881
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: €4.419b
  • Shares outstanding: 5.59b
  • Website: https://www.bancsabadell.com

Number of Employees


Location

  • Banco de Sabadell, S.A.
  • Avenida Óscar Esplá, 37
  • Alicante
  • Valencian Community
  • 3007
  • Spain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 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.