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CaixaBank

LSE:0ILK
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0ILK
LSE
€18B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

CaixaBank, S.A., together with its subsidiaries, provides banking and financial products and services for individuals and businesses in Spain and internationally. The last earnings update was 56 days ago. More info.


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0ILK Share Price and Events
7 Day Returns
1.8%
LSE:0ILK
1%
GB Banks
0.6%
GB Market
1 Year Returns
-27.2%
LSE:0ILK
-8.7%
GB Banks
1.1%
GB Market
0ILK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CaixaBank (0ILK) 1.8% 5.5% -9.6% -27.2% 7% -31.7%
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
  • 0ILK underperformed the Banks industry which returned -8.7% over the past year.
  • 0ILK underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0ILK
Industry
5yr Volatility vs Market

0ILK Value

 Is CaixaBank 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 CaixaBank 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 CaixaBank.

LSE:0ILK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 14 analysts.
= Stable Book Value * Return on Equity
= €4.35 * 8.8%
€0.38
Book Value of Equity per Share Weighted future Book Value estimates from 12 analysts. €4.35
Discount Rate (Cost of Equity) See below 12.7%
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:0ILK
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))
= 0.593 (1 + (1- 25%) (225.75%))
1.4
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.4 * 8.18%)
12.68%

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

The calculations below outline how an intrinsic value for CaixaBank 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:0ILK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.8% – 12.68%) * €4.35)
€-0.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.17 / (12.68% - 1.23%)
€-1.47
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €4.35 + €-1.47
€2.88
LSE:0ILK Discount to Share Price
Calculation Result
Value per share (EUR) From above. €2.88
Current discount Discount to share price of €2.96
= -1 x (€2.96 - €2.88) / €2.88
-2.7%

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

  • The current share price of CaixaBank 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 CaixaBank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CaixaBank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0ILK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.33
BME:CABK Share Price ** BME (2019-04-18) in EUR €2.96
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 CaixaBank.

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

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

= 2.96 ÷ 0.33

9.03x

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

  • CaixaBank is good value based on earnings compared to the GB Banks industry average.
  • CaixaBank is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does CaixaBank's expected growth come at a high price?
Raw Data
LSE:0ILK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
7.7%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:0ILK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.03x ÷ 7.7%

1.17x

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

  • CaixaBank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CaixaBank's assets?
Raw Data
LSE:0ILK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.02
BME:CABK Share Price * BME (2019-04-18) in EUR €2.96
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:0ILK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.96 ÷ 4.02

0.74x

* Primary Listing of CaixaBank.

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

  • CaixaBank is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess CaixaBank'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. CaixaBank has a total score of 3/6, 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.

0ILK Future Performance

 How is CaixaBank expected to perform in the next 1 to 3 years based on estimates from 15 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
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CaixaBank expected to grow at an attractive rate?
  • CaixaBank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • CaixaBank's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • CaixaBank'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:0ILK Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0ILK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 7.7%
LSE:0ILK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 4.9%
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:0ILK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0ILK Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,114 2,410 11
2020-12-31 8,883 2,314 15
2019-12-31 8,515 1,986 12
LSE:0ILK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,862 -4,877 1,956
2018-09-30 7,540 1,966
2018-06-30 7,526 8,962 2,145
2018-03-31 7,814 1,987
2017-12-31 7,128 6,554 1,660
2017-09-30 6,888 1,566
2017-06-30 6,453 11,239 1,249
2017-03-31 6,114 1,178
2016-12-31 6,295 14,146 1,048
2016-09-30 6,808 791
2016-06-30 6,582 6,052 747
2016-03-31 6,278 715

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CaixaBank's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • CaixaBank's revenue is expected to grow by 4.9% 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:0ILK 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 15 Analyst Estimates (S&P Global) See Below

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

LSE:0ILK Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.40 0.45 0.33 11.00
2020-12-31 0.39 0.45 0.32 17.00
2019-12-31 0.32 0.39 0.20 15.00
LSE:0ILK Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.33
2018-09-30 0.33
2018-06-30 0.36
2018-03-31 0.33
2017-12-31 0.28
2017-09-30 0.26
2017-06-30 0.21
2017-03-31 0.20
2016-12-31 0.18
2016-09-30 0.13
2016-06-30 0.13
2016-03-31 0.12

*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.
  • CaixaBank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CaixaBank'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.
CaixaBank 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.

0ILK Past Performance

  How has CaixaBank 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 CaixaBank'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.
  • CaixaBank has delivered over 20% year on year earnings growth in the past 5 years.
  • CaixaBank's 1-year earnings growth is less than its 5-year average (17.9% vs 34.1%)
  • CaixaBank's earnings growth has not exceeded the GB Banks industry average in the past year (17.9% vs 42.2%).
Earnings and Revenue History
CaixaBank'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 CaixaBank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0ILK 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 7,861.96 1,956.41 4,618.10
2018-09-30 7,540.24 1,965.89 4,563.71
2018-06-30 7,526.24 2,144.89 4,528.71
2018-03-31 7,814.24 1,986.89 4,498.71
2017-12-31 7,128.24 1,659.78 4,546.71
2017-09-30 6,887.76 1,565.95 4,301.51
2017-06-30 6,452.76 1,248.95 4,169.51
2017-03-31 6,113.76 1,177.95 4,043.51
2016-12-31 6,294.76 1,047.95 3,955.51
2016-09-30 6,808.44 790.82 3,953.45
2016-06-30 6,582.44 746.82 3,971.45
2016-03-31 6,278.44 714.82 3,990.45
2015-12-31 5,519.44 816.82 4,022.45
2015-09-30 4,829.55 983.02 3,978.87
2015-06-30 4,662.55 923.02 3,903.87
2015-03-31 4,208.55 807.02 3,828.87
2014-12-31 4,383.55 620.02 3,738.87
2014-09-30 2,877.67 490.87 6,780.30
2014-06-30 2,755.67 312.87 5,842.30
2014-03-31 3,453.67 168.87 4,899.30
2013-12-31 2,076.67 315.87 3,954.30
2013-09-30 4,106.08 514.70 1,222.76
2013-06-30 3,969.08 471.70 2,114.76
2013-03-31 351.08 516.70 3,526.76
2012-12-31 3,828.08 229.70 3,526.76
2012-09-30 4,137.61 381.50 5,645.80
2012-06-30 3,958.69 386.02 3,166.50

*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.
  • CaixaBank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CaixaBank used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if CaixaBank 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 CaixaBank'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.
CaixaBank 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.

0ILK Health

 How is CaixaBank'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 CaixaBank'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 CaixaBank Company Filings, last reported 3 months ago.

LSE:0ILK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 24,058.45 39,896.04 15,800.67
2018-09-30 24,353.00 29,327.00 31,107.00
2018-06-30 24,099.02 40,223.64 14,911.81
2018-03-31 24,644.00 31,094.00 29,171.00
2017-12-31 24,683.28 39,981.98 17,329.23
2017-09-30 24,992.00 29,428.00 25,394.00
2017-06-30 24,375.23 39,439.88 18,582.82
2017-03-31 24,779.00 27,385.00 20,363.00
2016-12-31 23,555.56 39,712.97 18,215.89
2016-09-30 23,555.00 27,953.00 21,938.00
2016-06-30 22,161.27 42,970.77 28,376.72
2016-03-31 24,971.00 29,546.00 26,284.00
2015-12-31 25,204.55 44,804.13 19,872.71
2015-09-30 25,575.00 33,885.00 27,139.00
2015-06-30 25,754.19 46,612.28 21,516.90
2015-03-31 26,449.00 34,602.00 23,679.00
2014-12-31 25,232.57 51,540.75 20,595.90
2014-09-30 25,333.00 38,398.00 16,746.00
2014-06-30 24,949.20 49,635.61 17,658.11
2014-03-31 24,467.00 42,515.00 17,739.00
2013-12-31 23,946.57 80,732.78 20,626.48
2013-09-30 24,347.00 44,398.00 17,215.00
2013-06-30 23,767.36 59,436.14 21,491.74
2013-03-31 23,623.00 51,310.00 31,971.00
2012-12-31 22,711.17 110,873.20 30,451.46
2012-09-30 22,240.00 59,247.00 25,861.00
2012-06-30 21,459.78 71,764.08 20,308.19
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.
  • CaixaBank has an acceptable proportion of non-loan assets held.
  • CaixaBank's liabilities are made up of primarily low risk sources of funding.
  • Loans at CaixaBank are broadly funded by customer deposits.
  • CaixaBank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • CaixaBank has a low allowance for bad loans.
  • CaixaBank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess CaixaBank'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. CaixaBank 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.

0ILK Dividends

 What is CaixaBank'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
5.75%
Current annual income from CaixaBank dividends. Estimated to be 6.73% next year.
If you bought €2,000 of CaixaBank shares you are expected to receive €115 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?
  • CaixaBank's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • CaixaBank's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
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:0ILK 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 15 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:0ILK Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.22 14.00
2020-12-31 0.21 20.00
2019-12-31 0.18 21.00
LSE:0ILK Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.170 5.780
2019-02-01 0.170 5.711
2018-02-23 0.150 4.011
2018-02-02 0.150 3.695
2017-02-24 0.130 3.183
2017-02-02 0.130 3.849
2016-10-28 0.080 2.610
2016-07-29 0.060 2.518
2016-04-28 0.160 7.093
2016-02-29 0.160 5.993
2016-02-26 0.160 6.284
2015-03-02 0.180 4.923
2013-06-27 0.230 5.853
2013-02-28 0.230 8.430
2012-04-19 0.231 8.580
2012-03-01 0.231 7.668
2012-02-29 0.231 6.511
2012-01-16 0.231 5.991
2011-02-25 0.227 5.653
2011-02-24 0.227 4.506
2010-11-30 0.236 5.563
2010-07-30 0.188 4.921
2010-04-15 0.236 6.778
2010-02-26 0.227 6.290
2010-01-04 0.227 7.001
2009-04-23 0.206 6.416

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 CaixaBank'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 (1.8x coverage).
X
Income/ dividend checks
We assess CaixaBank'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 CaixaBank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CaixaBank 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.

0ILK Management

 What is the CEO of CaixaBank'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
Gonzalo Rotaeche
COMPENSATION €3,547,000
AGE 53
TENURE AS CEO 4.8 years
CEO Bio

Mr. Gonzalo Gortázar Rotaeche has been the Chief Executive Officer of CaixaBank, S.A since June 30, 2014. Mr. Rotaeche served as an External Proprietary Director of Abertis Infraestructuras S.A. from May 17, 2011 to February 2013. Previously, he served as the Chief Executive Officer of CaixaBank, S.A. (known as Criteria CaixaCorp, S.A) from 2009 to 2011, its Chief Financial Officer from 2011 to 2014 and also served as its General Manager of Finance. He served as a Private Banking Financial Advisor of Bancapital (Mercapital group) from 1988 to 1999 and then went on to hold various corporate banking and investment banking positions at Bank of America. He served as an Executive Officer of Morgan Stanley. He joined Morgan Stanley in 1993, where he has held various managerial positions in the investment banking division. Since 2006, he has headed the European Financial Institutions Group there. He has an extensive experience in the financial sector, where he has worked on various corporate and M&A deals in Europe and the US in recent years. Mr. Rotaeche serves as the Chairman of VidaCaixa S.A., de Seguros y Reaseguros. Mr. Rotaeche served as Vice Chairman of Repsol, S.A. since September 28, 2016 until September 2018 and served as an Institutional Outside Director since May 20, 2016 until September 20, 2018. He has been an Executive Director of CaixaBank, S.A. since June 30, 2014. He has been a Director of VidaCaixa S.A., de Seguros y Reaseguros since July 30, 2009. He has been a Director of Banco BPI, S.A. since October 26, 2016. He serves as a Director of Saba Aparcamientos S.A. He served as a Member of the Supervisory Board at Erste Group Bank AG since May 12, 2015 to until October 2016. He served as a Director of Criteria CaixaHolding S.A. and Saba Infraestructuras S.A. He served as a Director of Boursorama SA from July 13, 2009 to January 26, 2012 and CaixaBank, S.A. since May 2009. Mr. Rotaeche holds an M.B.A. from INSEAD in 1992. He holds a Business Degree from ICADE E-3, Universidad Pontificia de Comillas, Spain, in 1989 and a Law Degree from ICADE E-3, Universidad Pontificia de Comillas, Spain in 1988.

CEO Compensation
  • Gonzalo's compensation has increased by more than 20% in the past year.
  • Gonzalo's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Gonzalo Rotaeche

TITLE
CEO & Executive Director
COMPENSATION
€4M
AGE
53
TENURE
4.8 yrs

Tomás Arantegui

TITLE
Executive Deputy Chairman
COMPENSATION
€1M
AGE
66

Javier Riera

TITLE
Chief Financial Officer
TENURE
4.8 yrs

Edward O'Loghlen

TITLE
Director of Investor Relations

Maria Martínez Gistau

TITLE
Executive Director of Communication

Juan Alcaraz García

TITLE
Chief Business Officer & GM of Business

Francesc Coll Escursell

TITLE
Chief Human Resources & Organisation Officer
AGE
62

Joaquim Vilar Barrabeig

TITLE
Chief Director of Intervention

Jordi Curiel

TITLE
Head of Resources

Jorge López

TITLE
Chief Risks Officer & GM of Risks
Board of Directors Tenure

Average tenure and age of the CaixaBank board of directors in years:

3.2
Average Tenure
61
Average Age
  • The tenure for the CaixaBank board of directors is about average.
Board of Directors

Jordi Gual Solé

TITLE
Chairman
COMPENSATION
€2M
AGE
61
TENURE
2.8 yrs

Gonzalo Rotaeche

TITLE
CEO & Executive Director
COMPENSATION
€4M
AGE
53
TENURE
4.8 yrs

Tomás Arantegui

TITLE
Executive Deputy Chairman
COMPENSATION
€1M
AGE
66
TENURE
1 yrs

Maria Moraleda Martinez

TITLE
Independent Director
COMPENSATION
€183K
AGE
54
TENURE
5 yrs

Francesc Vives Torrents

TITLE
Lead Independent Director
COMPENSATION
€178K
AGE
63
TENURE
1.8 yrs

John Reed

TITLE
Independent Director
COMPENSATION
€123K
AGE
79
TENURE
7.4 yrs

Alejandro García-Bragado Dalmau

TITLE
Proprietary Director
COMPENSATION
€118K
AGE
69
TENURE
2.3 yrs

Marcelino Armenter Vidal

TITLE
Proprietary Director
AGE
61

María Bassons Boncompte

TITLE
Proprietary Director
COMPENSATION
€123K
AGE
61
TENURE
6.8 yrs

María Verónica Vergés

TITLE
Independent Director
COMPENSATION
€140K
AGE
54
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by CaixaBank insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Feb 19 Buy Javier Ibarz Alegría Individual 07. Feb 19 07. Feb 19 2,000 €2.92 €5,840
06. Feb 19 Buy Gonzalo Rotaeche Individual 04. Feb 19 04. Feb 19 101,385 €2.98 €302,127
02. Jan 19 Buy Javier Ibarz Alegría Individual 27. Dec 18 27. Dec 18 2,000 €3.12 €6,240
30. Oct 18 Buy Koro Unsain Individual 29. Oct 18 29. Oct 18 7,175 €3.51 €25,184
17. Aug 18 Buy Javier Ibarz Alegría Individual 13. Aug 18 13. Aug 18 1,500 €3.85 €5,775
X
Management checks
We assess CaixaBank'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. CaixaBank 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.

0ILK News

Simply Wall St News

0ILK Company Info

Description

CaixaBank, S.A., together with its subsidiaries, provides banking and financial products and services for individuals and businesses in Spain and internationally. The company operates through Banking and Insurance, Non-Core Real Estate Activity, Investments, and BPI segments. It offers current and savings accounts, other demand deposits, and time deposits; and mortgage, home, real estate development, project finance bridge, commercial, and other loans; credit, debit, and prepaid cards; and online and mobile banking services. The company also provides retail banking, corporate and institutional banking, cash management, insurance, and asset management services. In addition, it engages in venture capital, consumer finance, payment, insurance agency, direct life insurance, reinsurance, pension and securitization fund management, administrative, and product marketing businesses; and the provision of electronic channel and collective investment schemes management services. In addition, it provides microcredits financing; and custody, security, protection, IT, factoring, and leasing services. Further, the company researches, creates, develops, and sells biofuel manufacturing projects; produces and sells wines; develops digital projects; and holds, develops, manages, and administers real estate properties. Additionally, it engages in the provision of hotels and similar accommodation; producing and distributing agricultural products; and smelting of other non-ferrous metals. The company also leases vehicles and equipment; provides project management, maintenance, logistics and procurement, and office supplies; and provision of private security for goods and people. The company operated 4,874 branches; and approximately 9,400 ATMs. CaixaBank, S.A. is based in Valencia, Spain.

Details
Name: CaixaBank, S.A.
0ILK
Exchange: LSE
Founded:
€17,672,815,500
5,978,625,000
Website: http://www.caixabank.com
Address: CaixaBank, S.A.
2-4, Pintor Sorolla Street,
Valencia,
46002,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME CABK Ordinary Registered Shares Bolsas y Mercados Espanoles ES EUR 10. Oct 2007
OTCPK CIXP.F Ordinary Registered Shares Pink Sheets LLC US USD 10. Oct 2007
DB 48CA Ordinary Registered Shares Deutsche Boerse AG DE EUR 10. Oct 2007
LSE 0ILK Ordinary Registered Shares London Stock Exchange GB EUR 10. Oct 2007
WBAG CABK Ordinary Registered Shares Wiener Boerse AG AT EUR 10. Oct 2007
BMV CABK N Ordinary Registered Shares Bolsa Mexicana de Valores MX MXN 10. Oct 2007
BATS-CHIXE CABKe Ordinary Registered Shares BATS 'Chi-X Europe' GB EUR 10. Oct 2007
OTCPK CAIX.Y ADR Pink Sheets LLC US USD 09. Dec 2011
DB A19JPD 6.75%-FRN T1 PERP EUR200000 Deutsche Boerse AG DE EUR 05. Jun 2017
DB A19JPD 6.75%-FRN T1 PERP EUR200000 Deutsche Boerse AG DE EUR 05. Jun 2017
Number of employees
Current staff
Staff numbers
37,440
CaixaBank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:24
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/02/25
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.