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BNP Paribas

ENXTPA:BNP
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BNP
ENXTPA
€51B
Market Cap
  1. Home
  2. FR
  3. Banks
Company description

BNP Paribas SA provides a range of banking and financial services in France and internationally. The last earnings update was 43 days ago. More info.


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BNP Share Price and Events
7 Day Returns
0.1%
ENXTPA:BNP
-0.7%
FR Banks
-0.1%
FR Market
1 Year Returns
-24.5%
ENXTPA:BNP
-25.5%
FR Banks
-2.5%
FR Market
BNP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BNP Paribas (BNP) 0.1% -11.1% -7.7% -24.5% -6% -20.2%
FR Banks -0.7% -10.3% -5.7% -25.5% -6% -24.1%
FR Market -0.1% -0.2% -0.3% -2.5% 34% 27.3%
1 Year Return vs Industry and Market
  • BNP outperformed the Banks industry which returned -25.5% over the past year.
  • BNP underperformed the Market in France which returned -2.5% over the past year.
Price Volatility
BNP
Industry
5yr Volatility vs Market

BNP Value

 Is BNP Paribas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BNP Paribas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BNP Paribas.

ENXTPA:BNP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 17 analysts.
= Stable Book Value * Return on Equity
= €81.21 * 7.9%
€6.39
Book Value of Equity per Share Weighted future Book Value estimates from 13 analysts. €81.21
Discount Rate (Cost of Equity) See below 14%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:BNP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 33%) (967.88%))
3.302
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (2 * 6.65%)
14.03%

Discounted Cash Flow Calculation for ENXTPA:BNP using Excess Returns Model Model

The calculations below outline how an intrinsic value for BNP Paribas is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTPA:BNP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.9% – 14.03%) * €81.21)
€-5.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-5.01 / (14.03% - 0.73%)
€-37.65
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €81.21 + €-37.65
€43.56
ENXTPA:BNP Discount to Share Price
Calculation Result
Value per share (EUR) From above. €43.56
Current discount Discount to share price of €40.86
= -1 x (€40.86 - €43.56) / €43.56
6.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BNP Paribas is available for.
Intrinsic value
6%
Share price is €40.86 vs Future cash flow value of €43.56
Current Discount Checks
For BNP Paribas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BNP Paribas's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • BNP Paribas's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BNP Paribas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BNP Paribas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:BNP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €6.01
ENXTPA:BNP Share Price ** ENXTPA (2019-06-14) in EUR €40.86
France Banks Industry PE Ratio Median Figure of 5 Publicly-Listed Banks Companies 7.63x
France Market PE Ratio Median Figure of 423 Publicly-Listed Companies 17.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BNP Paribas.

ENXTPA:BNP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:BNP Share Price ÷ EPS (both in EUR)

= 40.86 ÷ 6.01

6.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BNP Paribas is good value based on earnings compared to the FR Banks industry average.
  • BNP Paribas is good value based on earnings compared to the France market.
Price based on expected Growth
Does BNP Paribas's expected growth come at a high price?
Raw Data
ENXTPA:BNP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
5.3%per year
Europe Banks Industry PEG Ratio Median Figure of 113 Publicly-Listed Banks Companies 0.79x
France Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

ENXTPA:BNP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.79x ÷ 5.3%

1.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BNP Paribas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on BNP Paribas's assets?
Raw Data
ENXTPA:BNP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €84.47
ENXTPA:BNP Share Price * ENXTPA (2019-06-14) in EUR €40.86
France Banks Industry PB Ratio Median Figure of 5 Publicly-Listed Banks Companies 0.48x
France Market PB Ratio Median Figure of 624 Publicly-Listed Companies 1.45x
ENXTPA:BNP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:BNP Share Price ÷ Book Value per Share (both in EUR)

= 40.86 ÷ 84.47

0.48x

* Primary Listing of BNP Paribas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BNP Paribas is overvalued based on assets compared to the FR Banks industry average.
X
Value checks
We assess BNP Paribas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. BNP Paribas has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BNP Future Performance

 How is BNP Paribas expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BNP Paribas expected to grow at an attractive rate?
  • BNP Paribas's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • BNP Paribas's earnings growth is positive but not above the France market average.
  • BNP Paribas's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:BNP Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:BNP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 5.3%
ENXTPA:BNP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 2.7%
France Banks Industry Earnings Growth Rate Market Cap Weighted Average 6%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
France Market Earnings Growth Rate Market Cap Weighted Average 12.8%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:BNP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:BNP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 46,381 9,211 1
2021-12-31 45,959 8,257 17
2020-12-31 44,700 7,959 19
2019-12-31 43,680 7,419 16
ENXTPA:BNP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 41,039 7,506
2018-12-31 40,110 -518 7,159
2018-09-30 40,598 7,281
2018-06-30 40,698 -33,008 7,202
2018-03-31 40,321 7,211
2018-01-01 40,742 28,967 7,537
2017-09-30 40,727 7,414
2017-06-30 40,500 102,386 7,341
2017-03-31 40,755 7,538
2016-12-31 40,137 25,661 7,470
2016-09-30 40,339 6,748
2016-06-30 39,977 51,036 6,688

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BNP Paribas's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
  • BNP Paribas's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:BNP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from BNP Paribas Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:BNP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 7.07 7.07 7.07 1.00
2021-12-31 6.54 7.11 5.59 16.00
2020-12-31 6.28 6.79 5.57 20.00
2019-12-31 5.82 6.42 5.43 18.00
ENXTPA:BNP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 6.01
2018-12-31 5.73
2018-09-30 5.83
2018-06-30 5.77
2018-03-31 5.78
2018-01-01 6.05
2017-09-30 5.95
2017-06-30 5.89
2017-03-31 6.05
2016-12-31 6.00
2016-09-30 5.43
2016-06-30 5.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BNP Paribas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BNP Paribas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BNP Paribas has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BNP Past Performance

  How has BNP Paribas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BNP Paribas's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BNP Paribas has delivered over 20% year on year earnings growth in the past 5 years.
  • BNP Paribas's 1-year earnings growth is less than its 5-year average (4.1% vs 25.6%)
  • BNP Paribas's earnings growth has not exceeded the FR Banks industry average in the past year (4.1% vs 4.1%).
Earnings and Revenue History
BNP Paribas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BNP Paribas Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:BNP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 41,039.00 7,506.00 17,742.00
2018-12-31 40,110.00 7,159.00 17,742.00
2018-09-30 40,598.00 7,281.00 17,655.00
2018-06-30 40,698.00 7,202.00 17,655.00
2018-03-31 40,321.00 7,211.00 17,655.00
2018-01-01 40,742.00 7,537.00 17,655.00
2017-09-30 40,727.00 7,414.00 17,567.00
2017-06-30 40,500.00 7,341.00 17,567.00
2017-03-31 40,755.00 7,538.00 17,567.00
2016-12-31 40,137.00 7,470.00 17,567.00
2016-09-30 40,339.00 6,748.00 17,203.00
2016-06-30 39,977.00 6,688.00 17,203.00
2016-03-31 40,042.00 6,466.00 17,203.00
2015-12-31 40,137.00 6,385.00 17,203.00
2015-09-30 39,534.00 6,895.00 15,817.00
2015-06-30 38,855.00 6,664.00 15,817.00
2015-03-31 36,873.00 162.00 15,817.00
2014-12-31 35,618.00 -83.00 15,817.00
2014-09-30 34,713.00 -1,362.00 15,495.00
2014-06-30 34,078.00 -1,463.00 7,510.00
2014-03-31 33,796.00 4,384.00 15,495.00
2013-12-31 33,930.00 4,566.00 15,495.00
2013-09-30 35,530.00 4,945.00 16,311.00
2013-06-30 36,130.00 4,777.00 24,296.00
2013-03-31 37,043.00 4,998.00 16,311.00
2012-12-31 36,923.00 6,282.00 16,311.00
2012-09-30 35,082.00 6,810.00 1,508.00
2012-06-30 33,409.00 6,025.00 1,508.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BNP Paribas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BNP Paribas used its assets more efficiently than the FR Banks industry average last year based on Return on Assets.
  • Unable to establish if BNP Paribas improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess BNP Paribas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BNP Paribas has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BNP Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of BNP Paribas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BNP Paribas Company Filings, last reported 2 months ago.

ENXTPA:BNP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 109,703.00 493,159.00 926,929.00
2018-12-31 105,726.00 535,073.00 738,691.00
2018-09-30 104,147.00 477,932.00 950,728.00
2018-06-30 104,245.00 584,016.00 934,618.00
2018-03-31 105,326.00 460,271.00 885,535.00
2018-01-01 104,552.00 530,204.00 701,288.00
2017-09-30 105,206.00 589,933.00 874,674.00
2017-06-30 104,424.00 603,832.00 868,881.00
2017-03-31 107,282.00 573,210.00 884,565.00
2016-12-31 105,220.00 633,579.00 801,191.00
2016-09-30 103,191.00 646,503.00 884,257.00
2016-06-30 101,440.00 735,405.00 911,634.00
2016-03-31 102,475.00 666,295.00 862,936.00
2015-12-31 100,077.00 660,126.00 778,106.00
2015-09-30 98,855.00 694,631.00 901,928.00
2015-06-30 96,123.00 737,103.00 896,450.00
2015-03-31 98,099.00 1,135,881.00 1,093,569.00
2014-12-31 93,689.00 775,832.00 892,326.00
2014-09-30 91,553.00 978,460.00 876,134.00
2014-06-30 88,270.00 874,220.00 785,936.00
2014-03-31 93,574.00 874,065.00 740,524.00
2013-12-31 90,955.00 639,366.00 743,802.00
2013-09-30 94,611.00 828,639.00 741,563.00
2013-06-30 93,946.00 881,943.00 781,041.00
2013-03-31 95,468.00 968,408.00 823,555.00
2012-12-31 94,017.00 969,696.00 839,261.00
2012-09-30 93,619.00 1,087,781.00 947,063.00
2012-06-30 90,279.00 1,105,688.00 866,276.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • BNP Paribas has an acceptable proportion of non-loan assets held.
  • BNP Paribas's liabilities are made up of primarily low risk sources of funding.
  • Loans at BNP Paribas are broadly funded by customer deposits.
  • BNP Paribas's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
  • BNP Paribas has a low allowance for bad loans.
  • BNP Paribas has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess BNP Paribas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BNP Paribas has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BNP Dividends

 What is BNP Paribas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.39%
Current annual income from BNP Paribas dividends. Estimated to be 7.76% next year.
If you bought €2,000 of BNP Paribas shares you are expected to receive €148 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BNP Paribas's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.56%).
  • BNP Paribas's dividend is above the markets top 25% of dividend payers in France (4.41%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:BNP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
France Banks Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 7.7%
France Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:BNP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.50 1.00
2021-12-31 3.32 18.00
2020-12-31 3.19 20.00
2019-12-31 2.99 19.00
ENXTPA:BNP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-05 3.020 6.835
2019-02-06 3.020 7.130
2018-03-15 3.020 5.976
2018-02-06 3.020 4.742
2017-03-20 2.700 4.173
2017-03-17 2.700 4.503
2017-02-07 2.700 4.687
2016-03-10 2.310 4.784
2016-02-05 2.310 5.502
2015-05-08 1.500 2.796
2015-03-06 1.500 2.701
2015-02-05 1.500 3.012
2014-03-10 1.500 2.954
2014-03-07 1.500 2.565
2014-02-19 1.500 2.547
2014-02-13 1.500 2.557
2013-04-09 1.500 3.050
2013-04-03 1.500 3.794
2013-03-27 1.500 3.733
2013-03-25 1.500 3.751
2013-03-08 1.500 3.505
2013-02-14 1.500 3.426
2012-07-30 1.200 3.013
2012-02-15 1.200 3.898
2011-05-31 2.100 6.097
2011-04-06 2.100 3.964
2011-02-17 2.100 3.914
2010-02-17 1.500 2.901

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BNP Paribas has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but BNP Paribas only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of BNP Paribas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess BNP Paribas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BNP Paribas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BNP Paribas has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BNP Management

 What is the CEO of BNP Paribas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jean-Laurent Bonnafe
COMPENSATION €3,381,320
AGE 57
TENURE AS CEO 7.5 years
CEO Bio

Mr. Jean-Laurent Bonnafe has been the Chief Executive Officer at BNP Paribas SA since December 1, 2011. Mr. Bonnafe serves as the Chief Executive Officer at BNP Paribas España S.A. He served as Chief Executive Officer of BNP Paribas (Canada). Mr. Bonnafe serves as Vice President at Federation Bancaire Francaise. He serves as the Chief Executive Officer of BNP Paribas Hungária Bank Rt. He has responsibility for the management of BNP Paribas SA. He served as Head of French Retail Banking of BNP Paribas Hungária Bank Rt. He served as French Retail Banking Executive of BNP Paribas (Canada) Valeurs Mobilières Inc. He served as the Head of French Retail Banking at BNP Paribas North America, Inc. He served as the Chief Operating Officer at BNP Paribas Wealth Management. He served as the Chief Operating Officer of BNP Paribas SA from September 1, 2008 to December 1, 2011. He served as the Chief Executive Officer of BNP Paribas Fortis SA/NV since May 14, 2009 and also served as its Chairman of Executive Board, Member Of Executive Board and Executive Director from May 14, 2009 to February 28, 2011. He served as the Chief Executive Officer of Banca Nazionale Del Lavoro SpA since May 2006. He served as the Chief Operating Officer of BNP Paribas Securities Services S.C.A. from September 2008 to December 2008. He served as the Head of French Retail Banking and BNL banca commerciale of BNP Paribas SA. He serves as the Chairman of BNP Paribas Development. He has been a Director of BNP Paribas SA since May 12, 2010. He has been a Director of Carrefour SA since July 28, 2008. He serves as a Director of BNP Paribas Personal Finance SA and BNP Paribas España S.A. He served as Director of BNP Paribas (Canada). He served as a Non-Executive Director of BNP Paribas Fortis SA/NV from February 28, 2011 to April 24, 2016. He served as a Director of Banca Nazionale del Lavoro SpA since May 2009. Mr. Bonnafe is an Engineering graduate of the École Polytechnique and École des Mines.

CEO Compensation
  • Jean-Laurent's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jean-Laurent's remuneration is about average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the BNP Paribas management team in years:

7.3
Average Tenure
57.5
Average Age
  • The average tenure for the BNP Paribas management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jean-Laurent Bonnafe

TITLE
CEO & Director
COMPENSATION
€3M
AGE
57
TENURE
7.5 yrs

Philippe Bordenave

TITLE
Chief Operating Officer
COMPENSATION
€2M
AGE
64
TENURE
7.5 yrs

Hugues Epaillard

TITLE
Business Manager of Real Estate & Director
COMPENSATION
€64K
AGE
52

Lars Machenil

TITLE
Chief Financial Officer
AGE
49
TENURE
7.3 yrs

Rob Gambi

TITLE
Global Head of Investments
AGE
60
TENURE
0.1 yrs

Stéphane de Marnhac

TITLE
Head of Investor Relations & Financial Information
TENURE
7.4 yrs

Nathalie Hartmann

TITLE
Head of the Group Compliance Function
TENURE
1.7 yrs

Bertrand Cizeau

TITLE
Head of Group Communications & Deputy Director of Company Engagement Department
AGE
50

Yves Paul Martrenchar

TITLE
Head of Group Human Resources
AGE
61
TENURE
6.8 yrs

Thierry Dormeuil

TITLE
Managing Director of Investment Banking Europe
AGE
58
Board of Directors Tenure

Average tenure and age of the BNP Paribas board of directors in years:

6.4
Average Tenure
62
Average Age
  • The tenure for the BNP Paribas board of directors is about average.
Board of Directors

Jean Lemierre

TITLE
Chairman of the Board
COMPENSATION
€1M
AGE
68
TENURE
4.5 yrs

Jean-Laurent Bonnafe

TITLE
CEO & Director
COMPENSATION
€3M
AGE
57
TENURE
9.1 yrs

Michel Pébereau

TITLE
Honorary Chairman
AGE
76
TENURE
7.5 yrs

Hugues Epaillard

TITLE
Business Manager of Real Estate & Director
COMPENSATION
€64K
AGE
52
TENURE
1.3 yrs

Nicolas Chanut

TITLE
Chairman of Exane Inc and Chief Executive Officer of Exane Inc

Jean-Yves Fillion

TITLE
Chairman of Corporate and Institutional Banking - Americas & CEO of BNP Paribas - USA
AGE
59
TENURE
1 yrs

Philippe Avril

TITLE
Chairman of BNP Paribas Securities (Japan) Limited
AGE
58

Monique Cohen

TITLE
Director
COMPENSATION
€129K
AGE
62
TENURE
5.3 yrs

Denis Kessler

TITLE
Director
COMPENSATION
€100K
AGE
66
TENURE
19.1 yrs

Michel Tilmant

TITLE
Director
COMPENSATION
€122K
AGE
66
TENURE
9.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess BNP Paribas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BNP Paribas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BNP News

Simply Wall St News

What Kind Of Shareholder Owns Most BNP Paribas SA (EPA:BNP) Stock?

See our latest analysis for BNP Paribas ENXTPA:BNP Ownership Summary, June 6th 2019 What Does The Institutional Ownership Tell Us About BNP Paribas? … Insider Ownership Of BNP Paribas While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. … Our information suggests that BNP Paribas SA insiders own under 1% of the company.

Simply Wall St -

Could BNP Paribas SA's (EPA:BNP) Investor Composition Impacts Your Returns?

In this analysis, my focus will be on developing a perspective on BNP Paribas SA’s (EPA:BNP) latest ownership structure, a less discussed, but important factor. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

What To Know Before Buying BNP Paribas SA (EPA:BNP) For Its Dividend

In the past 10 years BNP Paribas SA (EPA:BNP) has returned an average of 4.00% per year to investors in the form of dividend payouts. … Does BNP Paribas tick all the boxes of a great dividend stock? … 5 questions to ask before buying a dividend stock

Simply Wall St -

Why Illiquidity May Impact Your Investment In BNP Paribas SA (EPA:BNP)

Post-GFC recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … Adverse macro events such as political instability could abruptly deteriorate the bank’s financial position if the bank is currently engaged in risky operational behaviour, making its stock a riskier investment.

Simply Wall St -

Want To Invest In BNP Paribas SA (EPA:BNP) Today? Read This First

BNP Paribas SA (EPA:BNP) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of €52.12 is based on unrealistic expectations. … Where's the growth. … According to the analysts covering the company, the following few years should bring about good growth prospects for BNP Paribas

Simply Wall St -

Have Investors Priced In BNP Paribas SA's (EPA:BNP) Growth?

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price? … A question to answer is whether BNP Paribas's current trading price of €53.21 reflective of the actual value of the? … Let’s take a look at BNP Paribas’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

What is Behind BNP Paribas SA's (EPA:BNP) Superior ROE?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want a simplistic look at the return on BNP Paribas SA (EPA:BNP) stock. … BNP Paribas SA (EPA:BNP) performed in-line with its diversified banks industry on the basis of its ROE – producing a return of7.50% relative to the peer average of 4.88% over the past 12 months.

Simply Wall St -

Risk Factors You Should Consider Before Investing In BNP Paribas SA (ENXTPA:BNP)

With a €67.58b market capitalisation, BNP Paribas SA (ENXTPA:BNP) falls in the large, commercial bank category. … A common risk large financial institutions face is credit risk, measured by the level of bad debt it writes off. … Since the level of risky assets held by BNP Paribas impacts its cash flow and therefore the attractiveness of its stock as an investment, I will take you through three metrics that are insightful proxies for risk.

Simply Wall St -

What is Behind BNP Paribas SA's (ENXTPA:BNP) Superior ROE?

and want to begin learning the link between BNP Paribas SA (ENXTPA:BNP)’s return fundamentals and stock market performance. … However, ROE only measures returns against equity, not debt. … Return on Equity (ROE) is a measure of BNP Paribas’s profit relative to its shareholders’ equity.

Simply Wall St -

Is BNP Paribas SA's (EPA:BNP) 7.50% ROE Strong Compared To Its Industry?

See our latest analysis for BNP Paribas What you must know about ROE Return on Equity (ROE) weighs BNP Paribas’s profit against the level of its shareholders’ equity. … Since BNP Paribas’s return does not cover its cost, with a difference of -3.35%, this means its current use of equity is not efficient and not sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ENXTPA:BNP Last Perf May 26th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

BNP Company Info

Description

BNP Paribas SA provides a range of banking and financial services in France and internationally. It operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking. The company offers long-term corporate vehicle leasing, and rental and other financing solutions; and digital banking and investment services, cash management, and factoring services to corporate clients, as well as wealth management services. It also provides credit solutions for individuals under the Cetelem, Cofinoga, and Findomestic brands; savings and protection solutions, including insuring individuals, and their personal projects and assets; and asset management, private banking, and real estate services. In addition, the company offers global market services, including investment, hedging, financing, and research across asset classes; security services comprising clearing, custody, and asset and fund services, as well as corporate trust, and market and financing services; and corporate trade and treasury, debt financing, specialized financing, strategic advisory, mergers and acquisition, and equity capital market services for institutional and corporate clients. The company was formerly known as Banque Nationale de Paris and changed its name to BNP Paribas SA in May 2000. BNP Paribas SA was founded in 1848 and is headquartered in Paris, France.

Details
Name: BNP Paribas SA
BNP
Exchange: ENXTPA
Founded: 1848
€50,952,420,000
1,247,000,000
Website: http://group.bnpparibas
Address: BNP Paribas SA
16 boulevard des Italiens,
Paris,
Ile-de-France, 75009,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA BNP Ordinary Shares Euronext Paris FR EUR 19. Oct 1993
OTCPK BNPQ.F Ordinary Shares Pink Sheets LLC US USD 19. Oct 1993
DB BNP Ordinary Shares Deutsche Boerse AG DE EUR 19. Oct 1993
XTRA BNP Ordinary Shares XETRA Trading Platform DE EUR 19. Oct 1993
LSE 0HB5 Ordinary Shares London Stock Exchange GB EUR 19. Oct 1993
SWX BNP Ordinary Shares SIX Swiss Exchange CH CHF 19. Oct 1993
BIT BNP Ordinary Shares Borsa Italiana IT EUR 19. Oct 1993
WBAG BNP Ordinary Shares Wiener Boerse AG AT EUR 19. Oct 1993
BMV BNP N Ordinary Shares Bolsa Mexicana de Valores MX MXN 19. Oct 1993
BATS-CHIXE BNPP Ordinary Shares BATS 'Chi-X Europe' GB EUR 19. Oct 1993
OTCPK BNPQ.Y SPONSORED ADR Pink Sheets LLC US USD 14. Nov 2000
DB BNPH SPONSORED ADR Deutsche Boerse AG DE EUR 14. Nov 2000
Number of employees
Current staff
Staff numbers
202,000
BNP Paribas employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 20:56
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/15
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.