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BNP Paribas

LSE:0HB5
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0HB5
LSE
€61B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

BNP Paribas SA provides a range of banking and financial services in France and internationally. The last earnings update was 48 days ago. More info.


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0HB5 Share Price and Events
7 Day Returns
4.5%
LSE:0HB5
1%
GB Banks
0.6%
GB Market
1 Year Returns
-23.2%
LSE:0HB5
-8.7%
GB Banks
1.1%
GB Market
0HB5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BNP Paribas (0HB5) 4.5% 17.9% 18.6% -23.2% 5.2% -10.9%
GB Banks 1% 7.9% 4.8% -8.7% 17% -11.2%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0HB5 underperformed the Banks industry which returned -8.7% over the past year.
  • 0HB5 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0HB5
Industry
5yr Volatility vs Market

0HB5 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.

LSE:0HB5 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
= €80.87 * 7.7%
€6.23
Book Value of Equity per Share Weighted future Book Value estimates from 13 analysts. €80.87
Discount Rate (Cost of Equity) See below 14.5%
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:0HB5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
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%) (874.51%))
3.056
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 * 6.65%)
14.53%

Discounted Cash Flow Calculation for LSE:0HB5 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.

LSE:0HB5 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.7% – 14.53%) * €80.87)
€-5.52
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-5.52 / (14.53% - 1.23%)
€-41.47
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €80.87 + €-41.47
€39.4
LSE:0HB5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0HB5 represents 1.00168x of ENXTPA:BNP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00168x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 39.40 x 1.00168
€39.47
Value per share (EUR) From above. €39.47
Current discount Discount to share price of €49.07
= -1 x (€49.07 - €39.47) / €39.47
-24.3%

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

  • The current share price of BNP Paribas 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 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
LSE:0HB5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €5.73
ENXTPA:BNP Share Price ** ENXTPA (2019-04-18) in EUR €48.99
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of BNP Paribas.

LSE:0HB5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 48.99 ÷ 5.73

8.54x

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 GB Banks industry average.
  • BNP Paribas is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does BNP Paribas's expected growth come at a high price?
Raw Data
LSE:0HB5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
11.3%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0HB5 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.54x ÷ 11.3%

0.76x

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

  • BNP Paribas is good 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
LSE:0HB5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €81.23
ENXTPA:BNP Share Price * ENXTPA (2019-04-18) in EUR €48.99
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 1,367 Publicly-Listed Companies 1.51x
LSE:0HB5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 48.99 ÷ 81.23

0.6x

* Primary Listing of BNP Paribas.

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

  • BNP Paribas is good value based on assets compared to the GB Banks industry average.
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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 4/6, 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.

0HB5 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
11.3%
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 1.2%.
Growth vs Market Checks
  • BNP Paribas's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • BNP Paribas's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0HB5 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0HB5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 11.3%
LSE:0HB5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 4%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
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:0HB5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
LSE:0HB5 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 46,273 9,172 1
2021-12-31 45,739 10,307 16
2020-12-31 44,423 7,891 19
2019-12-31 43,275 7,220 19
LSE:0HB5 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
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
2016-03-31 40,042 6,466

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BNP Paribas's earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
  • BNP Paribas's revenue is expected to grow by 4% 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:0HB5 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 19 Analyst Estimates (S&P Global) See Below

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

LSE:0HB5 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 7.04 7.04 7.04 1.00
2021-12-31 8.21 32.31 5.59 15.00
2020-12-31 6.25 6.85 5.57 20.00
2019-12-31 5.71 6.36 4.84 20.00
LSE:0HB5 Past Financials Data
Date (Data in EUR Millions) EPS *
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
2016-03-31 5.26

*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 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.
BNP Paribas has a total score of 2/6, 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.

0HB5 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 negative, it can't be compared to the 5-year average.
  • BNP Paribas's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0HB5 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 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 less efficiently than the GB 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 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.

0HB5 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 3 months ago.

LSE:0HB5 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
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 higher 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 moderate (i.e. an appropriate level of borrowing 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.

0HB5 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
6.17%
Current annual income from BNP Paribas dividends. Estimated to be 6.54% next year.
If you bought €2,000 of BNP Paribas shares you are expected to receive €123 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 United Kingdom of Great Britain and Northern Ireland (2.02%).
  • BNP Paribas's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase BNP Paribas before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:0HB5 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
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 5.2%

Industry and Market average data is calculated daily.

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

LSE:0HB5 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.50 1.00
2021-12-31 3.39 17.00
2020-12-31 3.23 20.00
2019-12-31 2.99 19.00
LSE:0HB5 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-05 3.020 6.841
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
2009-04-23 1.000 1.945

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 increased over the past 10 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 (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x 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 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 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 5/6, see the detailed checks below.


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

0HB5 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 7.3 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.
  • Jean-Laurent's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

7.2
Average Tenure
57
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
7.3 yrs

Philippe Bordenave

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

Hugues Epaillard

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

Lars Machenil

TITLE
Chief Financial Officer
AGE
49
TENURE
7.1 yrs

Stéphane de Marnhac

TITLE
Head of Investor Relations & Financial Information
TENURE
7.3 yrs

Nathalie Hartmann

TITLE
Head of the Group Compliance Function
TENURE
1.5 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
6.6 yrs

Thierry Dormeuil

TITLE
Managing Director of Investment Banking Europe
AGE
58

Denis Quillet

TITLE
Head of Ethics & Compliance - Corporate and Investment Banking Core Business
Board of Directors Tenure

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

6.3
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
4.3 yrs

Jean-Laurent Bonnafe

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

Michel Pébereau

TITLE
Honorary Chairman
AGE
76
TENURE
7.3 yrs

Hugues Epaillard

TITLE
Business Manager of Real Estate & Director
COMPENSATION
€64K
AGE
52
TENURE
1.2 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
0.8 yrs

Philippe Avril

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

Monique Cohen

TITLE
Director
COMPENSATION
€129K
AGE
62
TENURE
5.2 yrs

Denis Kessler

TITLE
Director
COMPENSATION
€100K
AGE
66
TENURE
18.9 yrs

Michel Tilmant

TITLE
Director
COMPENSATION
€122K
AGE
66
TENURE
8.9 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.

0HB5 News

Simply Wall St News

0HB5 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
0HB5
Exchange: LSE
Founded: 1848
€61,185,797,308
1,249,072,110
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 ADR EACH REPR 1/2 ORD LVL I(SPON) Pink Sheets LLC US USD 14. Nov 2000
DB BNPH ADR EACH REPR 1/2 ORD LVL I(SPON) 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: 2019/04/22 21:00
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/03/05
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.