BNP Paribas
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for BNP Paribas.
| 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.
| 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.
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess BNP Paribas's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess BNP Paribas's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from BNP Paribas Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess BNP Paribas's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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
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.
Balance sheet
Assets
Liabilities and shares
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.
All data from BNP Paribas Company Filings, last reported 2 months ago.
| 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.
- 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%).
Financial health checks
We assess BNP Paribas's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) BNP Paribas has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
€2,000 of
BNP Paribas
shares you are expected to receive
€148
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be covered by earnings (2x coverage).
Income/ dividend checks
We assess BNP Paribas's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
CEO & Director
€3M
57
7.5 yrs
Philippe Bordenave
Chief Operating Officer
€2M
64
7.5 yrs
Hugues Epaillard
Business Manager of Real Estate & Director
€64K
52
Lars Machenil
Chief Financial Officer
49
7.3 yrs
Rob Gambi
Global Head of Investments
60
0.1 yrs
Stéphane de Marnhac
Head of Investor Relations & Financial Information
7.4 yrs
Nathalie Hartmann
Head of the Group Compliance Function
1.7 yrs
Bertrand Cizeau
Head of Group Communications & Deputy Director of Company Engagement Department
50
Yves Paul Martrenchar
Head of Group Human Resources
61
6.8 yrs
Thierry Dormeuil
Managing Director of Investment Banking Europe
58
Board of Directors Tenure
Average tenure and age of the BNP Paribas board of directors in years:
- The tenure for the BNP Paribas board of directors is about average.
Board of Directors
Jean Lemierre
Chairman of the Board
€1M
68
4.5 yrs
Jean-Laurent Bonnafe
CEO & Director
€3M
57
9.1 yrs
Michel Pébereau
Honorary Chairman
76
7.5 yrs
Hugues Epaillard
Business Manager of Real Estate & Director
€64K
52
1.3 yrs
Nicolas Chanut
Chairman of Exane Inc and Chief Executive Officer of Exane Inc
Jean-Yves Fillion
Chairman of Corporate and Institutional Banking - Americas & CEO of BNP Paribas - USA
59
1 yrs
Philippe Avril
Chairman of BNP Paribas Securities (Japan) Limited
58
Monique Cohen
Director
€129K
62
5.3 yrs
Denis Kessler
Director
€100K
66
19.1 yrs
Michel Tilmant
Director
€122K
66
9.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess BNP Paribas's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleCould 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 - – Full articleWhat 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 - – Full articleWhy 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 - – Full articleWant 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 - – Full articleHave 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 - – Full articleWhat 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 - – Full articleRisk 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 - – Full articleWhat 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 - – Full articleIs 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 - – Full articleBNP 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
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.
