Banco de Sabadell, S.A.

BATS-CHIXE:SABE Stock Report

Market Cap: €9.9b

Banco de Sabadell Valuation

Is SABE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SABE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SABE (€1.83) is trading below our estimate of fair value (€3.46)

Significantly Below Fair Value: SABE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SABE?

Key metric: As SABE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SABE. This is calculated by dividing SABE's market cap by their current earnings.
What is SABE's PE Ratio?
PE Ratio6.7x
Earnings€1.48b
Market Cap€9.91b

Price to Earnings Ratio vs Peers

How does SABE's PE Ratio compare to its peers?

The above table shows the PE ratio for SABE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6x
HSBK Halyk Bank of Kazakhstan
3.3xn/aUS$5.2b
TCS TCS Group Holding
6.5xn/aUS$5.1b
STAN Standard Chartered
7.3x5.1%UK£23.3b
NWG NatWest Group
7x0.3%UK£31.7b
SABE Banco de Sabadell
6.7x-2.4%€9.9b

Price-To-Earnings vs Peers: SABE is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (6x).

Price to Earnings Ratio vs Industry

How does SABE's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies47PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SABE is good value based on its Price-To-Earnings Ratio (6.7x) compared to the European Banks industry average (7.3x).

Price to Earnings Ratio vs Fair Ratio

What is SABE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SABE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SABE's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SABE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.83
€2.18
+19.2%
10.8%€2.80€1.65n/a15
Nov ’25€1.82
€2.19
+20.4%
11.4%€2.80€1.65n/a15
Oct ’25€1.84
€2.19
+18.9%
10.8%€2.70€1.65n/a15
Sep ’25€1.92
€2.20
+14.6%
10.8%€2.70€1.65n/a15
Aug ’25€1.84
€2.15
+16.9%
11.4%€2.70€1.65n/a15
Jul ’25€1.78
€2.03
+14.2%
13.6%€2.50€1.58n/a15
Jun ’25€1.90
€2.01
+5.6%
14.0%€2.50€1.58n/a15
May ’25€1.79
€1.95
+8.4%
15.2%€2.50€1.58n/a16
Apr ’25€1.45
€1.60
+9.9%
16.6%€2.26€1.25n/a17
Mar ’25€1.24
€1.56
+25.3%
19.2%€2.38€1.20n/a18
Feb ’25€1.21
€1.53
+26.3%
20.6%€2.38€1.10n/a18
Jan ’25€1.10
€1.60
+45.9%
18.6%€2.38€1.20n/a18
Dec ’24€1.35
€1.61
+19.5%
18.4%€2.38€1.20n/a18
Nov ’24€1.18
€1.60
+35.4%
19.5%€2.38€1.20€1.8218
Oct ’24€1.10
€1.46
+32.1%
16.7%€2.00€1.10€1.8418
Sep ’24€1.07
€1.45
+35.7%
17.1%€2.00€1.10€1.9218
Aug ’24€1.13
€1.44
+27.6%
16.8%€2.00€1.10€1.8418
Jul ’24€1.06
€1.35
+27.5%
19.0%€2.00€1.00€1.7818
Jun ’24€0.96
€1.37
+42.5%
17.9%€2.00€1.00€1.9017
May ’24€0.96
€1.41
+46.9%
16.6%€2.00€1.13€1.7915
Apr ’24€0.99
€1.36
+37.1%
19.2%€1.85€0.90€1.4515
Mar ’24€1.24
€1.36
+9.1%
18.2%€1.85€0.90€1.2415
Feb ’24€1.22
€1.33
+8.7%
16.8%€1.85€0.90€1.2116
Jan ’24€0.88
€1.13
+28.6%
21.2%€1.70€0.85€1.1016
Dec ’23€0.88
€1.12
+27.3%
21.5%€1.70€0.85€1.3516
Nov ’23€0.81
€1.10
+35.3%
23.1%€1.70€0.78€1.1816

Analyst Forecast: Target price is less than 20% higher than the current share price.

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