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Banco de Sabadell

LSE:0H00
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0H00
LSE
€6B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Banco de Sabadell, S.A. provides personal, business, and private banking services in Spain and internationally. The last earnings update was 62 days ago. More info.


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0H00 Share Price and Events
7 Day Returns
6.2%
LSE:0H00
3.1%
GB Banks
1%
GB Market
1 Year Returns
-40.9%
LSE:0H00
-6.9%
GB Banks
1.6%
GB Market
0H00 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banco de Sabadell (0H00) 6.2% 2% -5% -40.9% -40.1% -57.4%
GB Banks 3.1% 3.6% 7.4% -6.9% 17.4% -11.6%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • 0H00 underperformed the Banks industry which returned -6.9% over the past year.
  • 0H00 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.6% over the past year.
Price Volatility
0H00
Industry
5yr Volatility vs Market

Value

 Is Banco de Sabadell 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 Banco de Sabadell 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 Banco de Sabadell.

LSE:0H00 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 16 analysts.
= Stable Book Value * Return on Equity
= €2.33 * 7.1%
€0.17
Book Value of Equity per Share Weighted future Book Value estimates from 13 analysts. €2.33
Discount Rate (Cost of Equity) See below 17.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0H00
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.2%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.591 (1 + (1- 25%) (661.81%))
2.692
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)
= 1.23% + (2 * 8.18%)
17.59%

Discounted Cash Flow Calculation for LSE:0H00 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banco de Sabadell 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.

LSE:0H00 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 17.59%) * €2.33)
€-0.24
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.24 / (17.59% - 1.23%)
€-1.49
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €2.33 + €-1.49
€0.84
LSE:0H00 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0H00 represents 0.99036x of BME:SAB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99036x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.84 x 0.99036
€0.83
Value per share (EUR) From above. €0.83
Current discount Discount to share price of €1.01
= -1 x (€1.01 - €0.83) / €0.83
-22.4%

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

  • The current share price of Banco de Sabadell is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Banco de Sabadell's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banco de Sabadell's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0H00 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.05
BME:SAB Share Price ** BME (2019-04-18) in EUR €1.02
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

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

** Primary Listing of Banco de Sabadell.

LSE:0H00 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:SAB Share Price ÷ EPS (both in EUR)

= 1.02 ÷ 0.05

20.55x

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

  • Banco de Sabadell is overvalued based on earnings compared to the GB Banks industry average.
  • Banco de Sabadell is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Banco de Sabadell's expected growth come at a high price?
Raw Data
LSE:0H00 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
27.1%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

LSE:0H00 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.55x ÷ 27.1%

0.76x

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

  • Banco de Sabadell is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Banco de Sabadell's assets?
Raw Data
LSE:0H00 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.18
BME:SAB Share Price * BME (2019-04-18) in EUR €1.02
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:0H00 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:SAB Share Price ÷ Book Value per Share (both in EUR)

= 1.02 ÷ 2.18

0.47x

* Primary Listing of Banco de Sabadell.

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

  • Banco de Sabadell is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Banco de Sabadell'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. Banco de Sabadell 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.

Future Performance

 How is Banco de Sabadell expected to perform in the next 1 to 3 years based on estimates from 16 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
27.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banco de Sabadell expected to grow at an attractive rate?
  • Banco de Sabadell's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Banco de Sabadell's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Banco de Sabadell's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0H00 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0H00 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 27.1%
LSE:0H00 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 6.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:0H00 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0H00 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 5,535 1,048 1
2021-12-31 5,264 970 11
2020-12-31 5,213 924 16
2019-12-31 5,055 831 16
LSE:0H00 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 4,225 -3,527 277
2018-09-30 4,113 372
2018-06-30 4,361 7,001 448
2018-03-31 4,850 821
2017-12-31 4,804 12,723 778
2017-09-30 4,908 717
2017-06-30 4,673 4,810 736
2017-03-31 4,572 675
2016-12-31 4,646 4,149 710
2016-09-30 4,346 776
2016-06-30 4,320 -2,175 781
2016-03-31 3,840 786

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banco de Sabadell's earnings are expected to grow significantly at over 20% yearly.
  • Banco de Sabadell's revenue is expected to grow by 6.7% 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
LSE:0H00 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Banco de Sabadell Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0H00 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.19 0.19 0.19 1.00
2021-12-31 0.17 0.22 0.13 12.00
2020-12-31 0.16 0.19 0.12 19.00
2019-12-31 0.15 0.17 0.12 19.00
LSE:0H00 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.05
2018-09-30 0.05
2018-06-30 0.08
2018-03-31 0.15
2017-12-31 0.14
2017-09-30 0.13
2017-06-30 0.13
2017-03-31 0.12
2016-12-31 0.13
2016-09-30 0.14
2016-06-30 0.15
2016-03-31 0.14

*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.
  • Banco de Sabadell is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banco de Sabadell'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Banco de Sabadell has a total score of 4/6, 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.

Past Performance

  How has Banco de Sabadell 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 Banco de Sabadell'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.
  • Banco de Sabadell's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Banco de Sabadell's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Banco de Sabadell's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
Banco de Sabadell'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 Banco de Sabadell Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0H00 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,224.92 276.83 2,628.84
2018-09-30 4,112.96 371.95 2,613.64
2018-06-30 4,361.50 447.93 2,636.45
2018-03-31 4,850.46 821.15 2,656.64
2017-12-31 4,803.86 777.95 2,663.67
2017-09-30 4,907.67 717.35 2,881.44
2017-06-30 4,672.67 735.75 2,897.84
2017-03-31 4,572.44 674.53 2,598.35
2016-12-31 4,645.54 710.43 2,576.25
2016-09-30 4,346.00 775.54 2,864.00
2016-06-30 4,320.00 781.50 2,888.81
2016-03-31 3,839.81 785.80 2,756.41
2015-12-31 3,712.15 708.44 2,551.56
2015-09-30 3,473.89 587.64 1,681.39
2015-06-30 2,997.02 497.16 1,489.30
2015-03-31 3,105.32 465.16 1,641.69
2014-12-31 2,571.40 371.68 1,633.76
2014-09-30 2,868.46 323.65 2,060.81
2014-06-30 2,756.49 249.26 2,040.93
2014-03-31 2,594.13 175.95 2,027.46
2013-12-31 2,525.04 145.92 1,951.51
2013-09-30 3,383.80 177.38 1,717.34
2013-06-30 3,324.28 115.19 1,678.08
2013-03-31 1,778.70 52.98 1,600.28
2012-12-31 1,456.19 81.89 1,668.55
2012-09-30 557.88 115.09 1,529.39
2012-06-30 402.76 157.75 1,404.67

*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.
  • Banco de Sabadell has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banco de Sabadell used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Banco de Sabadell 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 Banco de Sabadell'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.
Banco de Sabadell has a total score of 1/6, 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.

Health

 How is Banco de Sabadell'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 Banco de Sabadell'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 Banco de Sabadell Company Filings, last reported 3 months ago.

LSE:0H00 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,117.00 37,476.92 3,832.95
2018-09-30 12,192.00 31,168.00 22,890.00
2018-06-30 12,069.96 31,416.57 10,059.75
2018-03-31 12,870.00 34,321.00 25,052.00
2017-12-31 13,221.78 43,199.99 3,260.58
2017-09-30 13,205.00 22,318.00 15,940.00
2017-06-30 13,072.54 32,870.32 3,973.40
2017-03-31 12,944.00 29,736.00 14,636.00
2016-12-31 13,082.98 44,573.65 5,585.87
2016-09-30 13,195.00 34,451.00 10,864.00
2016-06-30 12,861.57 37,280.28 8,316.48
2016-03-31 12,789.00 32,349.00 10,359.00
2015-12-31 12,767.66 43,015.63 5,687.48
2015-09-30 12,367.00 33,261.00 12,602.00
2015-06-30 12,076.89 30,953.91 7,861.16
2015-03-31 11,579.43 32,129.61 9,628.72
2014-12-31 11,215.95 36,762.45 8,252.34
2014-09-30 11,330.33 28,087.44 8,118.90
2014-06-30 10,837.91 30,320.24 7,698.76
2014-03-31 10,565.24 29,306.34 8,446.82
2013-12-31 10,216.43 24,081.34 6,491.15
2013-09-30 9,534.59 28,284.27 15,020.11
2013-06-30 9,191.30 22,421.29 9,081.72
2013-03-31 9,219.48 30,478.60 10,552.45
2012-12-31 9,289.30 28,945.91 8,455.58
2012-09-30 9,322.58 31,858.92 15,180.87
2012-06-30 8,005.56 33,052.67 14,855.41
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.
  • Banco de Sabadell has an acceptable proportion of non-loan assets held.
  • Banco de Sabadell's liabilities are made up of primarily low risk sources of funding.
  • Loans at Banco de Sabadell are broadly funded by customer deposits.
  • Banco de Sabadell's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Banco de Sabadell has a low allowance for bad loans.
  • Banco de Sabadell has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Banco de Sabadell'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. Banco de Sabadell has a total score of 4/6, 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.

Dividends

 What is Banco de Sabadell'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
2.93%
Current annual income from Banco de Sabadell dividends. Estimated to be 7.45% next year.
If you bought €2,000 of Banco de Sabadell shares you are expected to receive €59 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?
  • Banco de Sabadell's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Banco de Sabadell's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
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
LSE:0H00 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 16 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

LSE:0H00 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.09 1.00
2021-12-31 0.08 14.00
2020-12-31 0.08 21.00
2019-12-31 0.07 21.00
LSE:0H00 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-15 0.030 3.150
2019-02-01 0.030 3.391
2018-10-26 0.070 6.500
2018-02-23 0.070 4.773
2018-02-02 0.070 3.860
2017-03-01 0.060 3.438
2017-01-27 0.060 4.164
2016-11-02 0.040 3.072
2016-10-28 0.040 3.322
2016-07-28 0.040 3.385
2016-07-22 0.040 3.344
2016-05-02 0.000 0.000
2016-04-22 0.000 0.000
2016-02-26 0.000 0.000
2016-02-25 0.000 0.000
2016-02-01 0.000 0.000
2014-02-18 0.010 0.440
2013-04-11 0.010 0.595
2013-03-07 0.010 0.673
2013-02-26 0.010 0.625
2013-01-24 0.010 0.575
2012-10-25 0.000 0.000
2012-08-09 0.000 0.000
2012-07-30 0.000 0.000
2012-07-25 0.000 0.000
2012-04-27 0.000 0.000
2012-04-26 0.000 0.000
2012-03-29 0.000 0.000
2012-03-08 0.000 0.000
2012-02-27 0.000 0.000
2011-04-18 0.150 5.968
2010-03-30 0.140 4.304
2010-03-01 0.140 3.676
2010-01-04 0.140 3.992
2009-04-20 0.280 6.594

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Banco de Sabadell's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Banco de Sabadell's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Banco de Sabadell afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banco de Sabadell has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Banco de Sabadell'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
Jaime Guardiola Romojaro
COMPENSATION €100,000
AGE 61
TENURE AS CEO 11.6 years
CEO Bio

Mr. Jaime Guardiola Romojaro has been an Executive Director of Banco de Sabadell SA since September 27, 2007. Mr. Guardiola Romojaro serves as a Managing Manager at Banco de Sabadell SA since September 2018, served as a Managing Director since June 2007 until September 2018 and served as its General Manager since June, 2007. He served as Member of Management Board of Banco Gallego, S.A. since October 30, 2013. Mr. Guardiola Romojaro served as the Chief Executive Officer of Grupo Financiero BBVA Bancomer, S.A. de C.V. He served as Chief Executive Officer of Banco de Sabadell SA since September 27, 2007. He was employed by BBVA Banco Francés S.A. He served as Head of Insurance Division - Business, Commercial & Consumer Banking Activities and Portuguese operations from December 2006 to June 22, 2007 and served as Head of Mexico at Banco Bilbao Vizcaya Argentaria from December 2005 to January 29, 2007. He served as the Head of Portugal division and head of Spain division at Banco Bilbao Vizcaya Argentaria from January 29, 2007 to June 22, 2007. He served as the Vice Chairman and Director of Grupo Financiero BBVA Bancomer, S.A. de C.V. Mr. Guardiola Romojaro served as Vice Chairman and Director of BBVA Bancomer, S.A. and BBVA Bancomer Servicios, S.A., subsidiaries of Grupo Financiero BBVA Bancomer, S.A. de C.V. He serves as Director of BanSabadell Inversió Desenvolupament, S.A., Aurica XXI, S.C.R., S.A. and Sinia Renovables, S.C.R., S.A. He serves as a Director of Grupo Aeroportuario Del Sureste SA de CV and Fomento Económico Mexicano, S.A.B de C.V. He served as Director of Banco Guipuzcoano SA. He served as a Director at Bolsa Mexicana de Valores SAB de CV, El Puerto de Liverpool SA de CV and Grupo Bimbo SAB de CV. He holds a Degree in Law from University of Barcelona and a Degree in Business Studies & MBA from ESADE Business School.

CEO Compensation
  • Jaime's compensation has been consistent with company performance over the past year.
  • Jaime's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Banco de Sabadell management team in years:

0.8
Average Tenure
53.5
Average Age
  • The average tenure for the Banco de Sabadell management team is less than 2 years, this suggests a new team.
Management Team

Jaime Guardiola Romojaro

TITLE
CEO, MD & Executive Director
COMPENSATION
€100K
AGE
61
TENURE
11.6 yrs

David Vegara Figueras

TITLE
GM, CRO & Executive Director
COMPENSATION
€170K
AGE
52
TENURE
0.3 yrs

María García Beato

TITLE
General Secretary & Executive Director
COMPENSATION
€34K
AGE
53
TENURE
0.6 yrs

Tomás Muiña

TITLE
General Manager & CFO

Miquel Montes Güell

TITLE
COO, Corporate Development Director and GM of Operations & People

José de la Cierva

TITLE
Deputy General Manager of Corporate & Investment Banking
AGE
54
TENURE
1.1 yrs

Alfonso Calle

TITLE
Assistant General Manager of Technology Innovation
TENURE
0.3 yrs

Cecilia Romero

TITLE
Head of Investor Relations

Gonzalo Barettino Coloma

TITLE
Assistant General Manager of Legal

Federico Rodríguez Castillo

TITLE
Assistant General Manager of Compliance
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Banco de Sabadell board of directors in years:

4.3
Average Tenure
57.5
Average Age
  • The tenure for the Banco de Sabadell board of directors is about average.
Board of Directors

José Echenique Landiríbar

TITLE
Vice Chairman of the Board
COMPENSATION
€205K
AGE
67
TENURE
8.4 yrs

Jaime Guardiola Romojaro

TITLE
CEO, MD & Executive Director
COMPENSATION
€100K
AGE
61
TENURE
11.6 yrs

David Vegara Figueras

TITLE
GM, CRO & Executive Director
COMPENSATION
€170K
AGE
52
TENURE
3.9 yrs

Josep Tarrés i Busquets

TITLE
Chairman of Solvia

Francisco Vallejo López

TITLE
Chairman of Banco Urquijo
AGE
73

María García Beato

TITLE
General Secretary & Executive Director
COMPENSATION
€34K
AGE
53
TENURE
0.9 yrs

Fernando Muñoz

TITLE
General Manager
AGE
51

Jochen Schwarz

TITLE
Chairman of BanSabadell Vida

Pascal Poupelle

TITLE
Chairman of Dexia Sabadell
AGE
63

Aurora Sala

TITLE
Independent Director
COMPENSATION
€160K
AGE
54
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Banco de Sabadell insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Feb 19 Buy David Martínez Guzmán Individual 12. Feb 19 15. Feb 19 22,000,000 €0.94 €20,002,971
07. Feb 19 Buy Manuel Morató Individual 05. Feb 19 05. Feb 19 110,000 €0.87 €95,700
20. Dec 18 Buy David Vegara Figueras Individual 14. Dec 18 14. Dec 18 25,000 €1.06 €26,500
12. Sep 18 Buy David Martínez Guzmán Individual 23. Aug 18 23. Aug 18 180,604,885 €1.36 €245,622,632
24. Aug 18 Buy David Martínez Guzmán Individual 23. Aug 18 23. Aug 18 180,604,885 €1.36 €245,622,632
31. Jul 18 Buy David Vegara Figueras Individual 27. Jul 18 27. Jul 18 25,000 €1.34 €33,500
31. Jul 18 Buy José Martínez Sufrategui Individual 27. Jul 18 27. Jul 18 100,000 €1.32 €132,000
07. Jun 18 Buy José Martínez Martínez Individual 01. Jun 18 01. Jun 18 3,850 €1.47 €5,659
31. May 18 Buy José Martínez Sufrategui Individual 25. May 18 25. May 18 50,000 €1.57 €78,500
07. May 18 Buy Manuel Morató Individual 27. Apr 18 27. Apr 18 60,600 €1.62 €98,172
27. Apr 18 Buy José Martínez Sufrategui Individual 26. Apr 18 26. Apr 18 30,000 €1.62 €48,600
X
Management checks
We assess Banco de Sabadell'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. Banco de Sabadell 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.

News

Simply Wall St News

Company Info

Description

Banco de Sabadell, S.A. provides personal, business, and private banking services in Spain and internationally. The company offers various accounts; deposits and long-term saving plans; cards; investments in exchange and markets, funds, and structured deposits; mortgages and personal loans; auto and technology products renting services; car, house, health, life care, and death insurance; and home banking services. It also provides financing products comprising lines of credit, collections, payments, loans and credits, preferred/subsidized financing, bonds and guarantees, and electronic invoicing, as well as leasing and renting services; and other services. The company operates 2,457 branches. Banco de Sabadell, S.A. was founded in 1881 and is headquartered in Barcelona, Spain.

Details
Name: Banco de Sabadell, S.A.
0H00
Exchange: LSE
Founded: 1881
€5,662,785,151
5,538,176,187
Website: http://www.bancsabadell.com
Address: Banco de Sabadell, S.A.
Torre Banco Sabadell,
Av. Diagonal, 407 bis,
Barcelona,
08008,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME SAB Ordinary Shares Bolsas y Mercados Espanoles ES EUR 18. Apr 2001
OTCPK BNDS.F Ordinary Shares Pink Sheets LLC US USD 18. Apr 2001
DB BDSB Ordinary Shares Deutsche Boerse AG DE EUR 18. Apr 2001
LSE 0H00 Ordinary Shares London Stock Exchange GB EUR 18. Apr 2001
WBAG SAB Ordinary Shares Wiener Boerse AG AT EUR 18. Apr 2001
BATS-CHIXE SABE Ordinary Shares BATS 'Chi-X Europe' GB EUR 18. Apr 2001
OTCPK BNDS.Y ADR Pink Sheets LLC US USD 01. Dec 2008
Number of employees
Current staff
Staff numbers
25,253
Banco de Sabadell employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:22
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
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.