BATS-CHIXE:BNPP

Stock Analysis Report

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Executive Summary

BNP Paribas SA provides a range of banking and financial services in France and internationally. More Details

Rewards

PE ratio (7.9x) is below the UK market (20.4x)

Earnings are forecast to grow 6.85% per year

Risk Analysis

No risks detected for BNPP from our risk checks.


Snowflake Analysis

Slightly overvalued with questionable track record.


Similar Companies

Share Price & News

How has BNP Paribas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BNPP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BNPP's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

7.2%

BNPP

3.1%

GB Banks

-0.3%

GB Market


1 Year Return

-14.4%

BNPP

-30.2%

GB Banks

-11.0%

GB Market

Return vs Industry: BNPP exceeded the UK Banks industry which returned -28.6% over the past year.

Return vs Market: BNPP underperformed the UK Market which returned -10% over the past year.


Shareholder returns

BNPPIndustryMarket
7 Day7.2%3.1%-0.3%
30 Day38.8%24.9%10.2%
90 Day15.4%23.9%6.4%
1 Year-14.4%-14.4%-30.0%-30.2%-7.4%-11.0%
3 Year-22.3%-31.4%-35.8%-42.0%0.9%-11.5%
5 Year-0.5%-19.8%-19.8%-33.0%26.5%-2.5%

Long-Term Price Volatility Vs. Market

How volatile is BNP Paribas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BNP Paribas undervalued compared to its fair value and its price relative to the market?

7.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BNPP (€43.72) is trading above our estimate of fair value (€32.02)

Significantly Below Fair Value: BNPP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BNPP is good value based on its PE Ratio (7.9x) compared to the GB Banks industry average (11.2x).

PE vs Market: BNPP is good value based on its PE Ratio (7.9x) compared to the UK market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: BNPP is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: BNPP's PB Ratio (0.5x) is in line with the GB Banks industry average.


Next Steps

Future Growth

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

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BNPP's forecast earnings growth (6.8% per year) is above the savings rate (1.2%).

Earnings vs Market: BNPP's earnings (6.8% per year) are forecast to grow slower than the UK market (27.3% per year).

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

Revenue vs Market: BNPP's revenue (1.7% per year) is forecast to grow slower than the UK market (6.7% per year).

High Growth Revenue: BNPP's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BNPP's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has BNP Paribas performed over the past 5 years?

1.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNPP has high quality earnings.

Growing Profit Margin: BNPP's current net profit margins (17.1%) are lower than last year (17.6%).


Past Earnings Growth Analysis

Earnings Trend: BNPP's earnings have grown by 1.5% per year over the past 5 years.

Accelerating Growth: BNPP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BNPP had negative earnings growth (-6.4%) over the past year, making it difficult to compare to the Banks industry average (-25.7%).


Return on Equity

High ROE: BNPP's Return on Equity (6.6%) is considered low.


Next Steps

Financial Health

How is BNP Paribas'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: BNPP's Assets to Equity ratio (22.3x) is very high.

Allowance for Bad Loans: BNPP has a low allowance for bad loans (72%).

Low Risk Liabilities: 54% of BNPP's liabilities are made up of primarily higher risk sources of funding.

Loan Level: BNPP has an appropriate level of Loans to Assets ratio (33%).

Low Risk Deposits: BNPP's Loans to Deposits ratio (74%) is appropriate.

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


Next Steps

Dividend

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

5.95%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BNPP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BNPP'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 BNPP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BNPP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BNPP is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BNPP's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

8.8yrs

Average management tenure


CEO

Jean-Laurent Bonnafé (59 yo)

8.92yrs

Tenure

€3,858,171

Compensation

Mr. Jean-Laurent Bonnafé has been the Chief Executive Officer at BNP Paribas SA since December 1, 2011. Mr. Bonnafé serves as the Chief Executive Officer at BNP Paribas España S.A. He served as Chief Execu...


CEO Compensation Analysis

Compensation vs Market: Jean-Laurent's total compensation ($USD4.59M) is about average for companies of similar size in the UK market ($USD4.58M).

Compensation vs Earnings: Jean-Laurent's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jean-Laurent Bonnafé
CEO & Director8.92yrs€3.86m0.0055%
€ 3.0m
Philippe Bordenave
Chief Operating Officer8.92yrs€2.43mno data
Hugues Epaillard
Business Manager of Real Estate & Employee Representative Director2.75yrs€103.73k0%
€ 0
Lars Machenil
Chief Financial Officer8.67yrsno datano data
Robert Gambi
Global Head of Investments1.5yrsno datano data
Stéphane de Marnhac
Head of Investor Relations & Financial Information8.83yrsno datano data
Nathalie Hartmann
Head of the Group Compliance Function3.08yrsno datano data
Bertrand Cizeau
Head of Group Communications & Deputy Director of Company Engagement Departmentno datano datano data
Sofia Merlo
Head of Group Human Resourcesno datano datano data
Thierry Dormeuil
Managing Director of Investment Banking Europeno datano datano data
Denis Quillet
Head of Ethics & Compliance - Corporate and Investment Banking Core Businessno datano datano data
Cheng Dao
Chairman of Asia-Pacific Wealth Management Division16.83yrsno datano data

8.8yrs

Average Tenure

59yo

Average Age

Experienced Management: BNPP's management team is seasoned and experienced (8.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jean-Laurent Bonnafé
CEO & Director8.92yrs€3.86m0.0055%
€ 3.0m
Hugues Epaillard
Business Manager of Real Estate & Employee Representative Director2.75yrs€103.73k0%
€ 0
Nicolas Chanut
Chairman of Exane Inc and Chief Executive Officer of Exane Incno datano datano data
Jean-Yves Fillion
Chairman of Corporate and Institutional Banking - Americas & CEO of BNP Paribas - USA2.42yrsno datano data
Monique Cohen
Independent Director6.75yrs€124.27k0.00077%
€ 420.8k
Michel Tilmant
Independent Director10.5yrs€133.64k0.000080%
€ 43.7k
Michel Pebereau
Honorary Chairman8.92yrsno datano data
Pierre-André de Chalendar
Independent Director8.5yrs€93.76k0.00040%
€ 218.6k
Denis Kessler
Independent Director20.5yrs€100.40k0.00021%
€ 114.8k
Jean Lemierre
Chairman of the Board5.92yrs€1.01m0.0025%
€ 1.3m
Robert Hawley
Vice Chairman of CIB Americas0.42yrno datano data
Philippe Avril
Chairman of BNP Paribas Securities (Japan) Limitedno datano datano data

7.6yrs

Average Tenure

63yo

Average Age

Experienced Board: BNPP's board of directors are considered experienced (7.6 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

BNP Paribas SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BNP Paribas SA
  • Ticker: BNPP
  • Exchange: BATS-CHIXE
  • Founded: 1848
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €54.653b
  • Shares outstanding: 1.25b
  • Website: https://group.bnpparibas

Number of Employees


Location

  • BNP Paribas SA
  • 16 boulevard des Italiens
  • Paris
  • Ile-de-France
  • 75009
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BNPQ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 1993
BNPENXTPA (Euronext Paris)YesOrdinary SharesFREUROct 1993
BNPDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 1993
BNPSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFOct 1993
0HB5LSE (London Stock Exchange)YesOrdinary SharesGBEUROct 1993
BNPBIT (Borsa Italiana)YesOrdinary SharesITEUROct 1993
BNPXTRA (XETRA Trading Platform)YesOrdinary SharesDEEUROct 1993
BNPPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 1993
BNP NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNOct 1993
BNPWBAG (Wiener Boerse AG)YesOrdinary SharesATEUROct 1993
BNPMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 1993
BNP3DB (Deutsche Boerse AG)SPON ADR 144ADEEUROct 1993
BNPQ.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDNov 2000
BNPHDB (Deutsche Boerse AG)SPONSORED ADRDEEURNov 2000

Biography

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 Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 18:46
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.