Executive Summary
Banco de Sabadell, S.A. provides banking services to personal, business, and private customers in Spain and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has Banco de Sabadell's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAB is more volatile than 90% of Spanish stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: SAB'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
-3.4%
SAB
-6.6%
ES Banks
-3.3%
ES Market
1 Year Return
-60.8%
SAB
-24.8%
ES Banks
-13.8%
ES Market
Return vs Industry: SAB underperformed the Spanish Banks industry which returned -24.8% over the past year.
Return vs Market: SAB underperformed the Spanish Market which returned -13.8% over the past year.
Shareholder returns
| SAB | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -6.6% | -3.3% |
| 30 Day | 0.6% | -6.0% | -1.8% |
| 90 Day | 41.2% | 49.9% | 19.9% |
| 1 Year | -59.4%-60.8% | -23.5%-24.8% | -11.4%-13.8% |
| 3 Year | -79.1%-80.8% | -51.7%-55.8% | -11.4%-19.4% |
| 5 Year | -73.0%-76.7% | -22.4%-34.9% | 12.7%-4.3% |
Long-Term Price Volatility Vs. Market
How volatile is Banco de Sabadell's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Here's What Banco de Sabadell, S.A.'s (BME:SAB) Shareholder Ownership Structure Looks Like3 months ago | Simply Wall St
Does Banco de Sabadell's (BME:SAB) CEO Salary Compare Well With Industry Peers?5 months ago | Simply Wall St
A Look At Banco de Sabadell's (BME:SAB) Share Price ReturnsValuation
Is Banco de Sabadell undervalued compared to its fair value and its price relative to the market?
17.93x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SAB (€0.36) is trading above our estimate of fair value (€0.07)
Significantly Below Fair Value: SAB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SAB is poor value based on its PE Ratio (17.3x) compared to the ES Banks industry average (12.5x).
PE vs Market: SAB is good value based on its PE Ratio (17.3x) compared to the Spanish market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: SAB is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: SAB is good value based on its PB Ratio (0.2x) compared to the ES Banks industry average (0.4x).
Next Steps
Future Growth
How is Banco de Sabadell forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
49.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAB's forecast earnings growth (49.3% per year) is above the savings rate (1.1%).
Earnings vs Market: SAB's earnings (49.3% per year) are forecast to grow faster than the Spanish market (34.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SAB's revenue is expected to decline over the next 3 years (-1.6% per year).
High Growth Revenue: SAB's revenue is forecast to decline over the next 3 years (-1.6% 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 (3%).
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Past Performance
How has Banco de Sabadell performed over the past 5 years?
-13.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAB has a large one-off loss of €106.0M impacting its September 30 2020 financial results.
Growing Profit Margin: SAB's current net profit margins (3.4%) are lower than last year (18.2%).
Past Earnings Growth Analysis
Earnings Trend: SAB's earnings have declined by 13% per year over the past 5 years.
Accelerating Growth: SAB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SAB had negative earnings growth (-85.9%) over the past year, making it difficult to compare to the Banks industry average (-44%).
Return on Equity
High ROE: SAB's Return on Equity (1.5%) is considered low.
Next Steps
Financial Health
How is Banco de Sabadell'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: SAB's Assets to Equity ratio (18.5x) is moderate.
Allowance for Bad Loans: SAB has a low allowance for bad loans (55%).
Low Risk Liabilities: 83% 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 (68%).
Low Risk Deposits: SAB's Loans to Deposits ratio (86%) is appropriate.
Level of Bad Loans: SAB has a high level of bad loans (3.6%).
Next Steps
Dividend
What is Banco de Sabadell current dividend yield, its reliability and sustainability?
3.86%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SAB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SAB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SAB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SAB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SAB is not paying a notable dividend for the Spanish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SAB's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Jaime Guardiola Romojaro (63 yo)
13.33yrs
Tenure
€100,000
Compensation
Mr. Jaime Guardiola Romojaro has been an Executive Director of Banco de Sabadell SA since September 27, 2007. Mr. Guardiola Romojaro serves as a Managing Manager at Banco de Sabadell SA since September 201...
CEO Compensation Analysis
Compensation vs Market: Jaime's total compensation ($USD121.27K) is below average for companies of similar size in the Spanish market ($USD1.25M).
Compensation vs Earnings: Jaime's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 21.08yrs | €269.00k | 0.0076% € 153.1k | |
| CEO, MD & Executive Director | 13.33yrs | €100.00k | 0.027% € 533.3k | |
| GM, Chief Risk Officer & Executive Director | 5.67yrs | €116.39k | 0.0056% € 111.9k | |
| Secretary General & Executive Director | 2.67yrs | €100.00k | 0.0042% € 83.0k | |
| GM & CFO | no data | no data | no data | |
| COO, Corporate Development Director and GM of Operations & People | no data | no data | no data | |
| MD and MD of Corporate & Investment Banking | 2.83yrs | no data | no data | |
| Assistant General Manager of Technology Innovation | 2yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Assistant General Manager of Legal | no data | no data | no data | |
| Assistant General Manager of Compliance | 2.67yrs | no data | no data | |
| Assistant General Manager of Communications & Institutional Relations | 2yrs | no data | no data |
2.3yrs
Average Tenure
60yo
Average Age
Experienced Management: SAB's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 21.08yrs | €269.00k | 0.0076% € 153.1k | |
| CEO, MD & Executive Director | 13.33yrs | €100.00k | 0.027% € 533.3k | |
| GM, Chief Risk Officer & Executive Director | 5.67yrs | €116.39k | 0.0056% € 111.9k | |
| Secretary General & Executive Director | 2.67yrs | €100.00k | 0.0042% € 83.0k | |
| General Manager | no data | no data | no data | |
| Independent Vice Chairman of the Board | 10.17yrs | €205.00k | 0.0033% € 66.2k | |
| Chairman of Dexia Sabadell | no data | no data | no data | |
| Chairman of Banco Urquijo | no data | no data | no data | |
| Chairman of Solvia | no data | no data | no data | |
| Chairman of BanSabadell Vida | no data | no data | no data | |
| Independent Director | 7.83yrs | €185.00k | 0.0015% € 29.8k | |
| Independent Director | 4.33yrs | €160.00k | 0.0042% € 84.6k |
7.8yrs
Average Tenure
66yo
Average Age
Experienced Board: SAB'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.
Recent Insider Transactions
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 company bio, 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
- Market Cap: €2.001b
- Shares outstanding: 5.62b
- Website: https://www.bancsabadell.com
Number of Employees
Location
- Banco de Sabadell, S.A.
- Avenida Óscar Esplá, 37
- Alicante
- 3007
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BNDS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Apr 2001 |
| SAB | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Apr 2001 |
| 0H00 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Apr 2001 |
| BDSB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Apr 2001 |
| SABE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Apr 2001 |
| SAB | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Apr 2001 |
| BDSB | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | Apr 2001 |
| BNDS.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Dec 2008 |
Biography
Banco de Sabadell, S.A. provides banking services to personal, business, and private customers in Spain and internationally. The company offers retail banking products, such as current and savings accounts...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 19:32 |
| End of Day Share Price | 2021/01/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.