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Popular

Nasdaq:BPOP
Snowflake Description

Undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BPOP
Nasdaq
$6B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. The last earnings update was 5 days ago. More info.


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BPOP Share Price and Events
7 Day Returns
1.7%
NasdaqGS:BPOP
1.2%
US Banks
-0.1%
US Market
1 Year Returns
23.8%
NasdaqGS:BPOP
-5.2%
US Banks
7.6%
US Market
BPOP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Popular (BPOP) 1.7% 14.2% 11.5% 23.8% 89.1% 84.9%
US Banks 1.2% 8.6% 3.7% -5.2% 43.3% 51.7%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • BPOP outperformed the Banks industry which returned -5.2% over the past year.
  • BPOP outperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
BPOP
Industry
5yr Volatility vs Market

BPOP Value

 Is Popular 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 Popular 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 Popular.

NasdaqGS:BPOP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $62.95 * 10.4%
$6.57
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $62.95
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:BPOP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.63 (1 + (1- 21%) (24.99%))
0.836
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.836 * 5.96%)
7.71%

Discounted Cash Flow Calculation for NasdaqGS:BPOP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Popular 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.

NasdaqGS:BPOP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.4% – 7.71%) * $62.95)
$1.72
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.72 / (7.71% - 2.73%)
$34.47
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $62.95 + $34.47
$97.42
NasdaqGS:BPOP Discount to Share Price
Calculation Result
Value per share (USD) From above. $97.42
Current discount Discount to share price of $57.03
= -1 x ($57.03 - $97.42) / $97.42
41.5%

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

Current Discount
Amount off the current price Popular is available for.
Intrinsic value
41%
Share price is $57.03 vs Future cash flow value of $97.42
Current Discount Checks
For Popular to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Popular's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Popular's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Popular's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Popular's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BPOP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.89
NasdaqGS:BPOP Share Price ** NasdaqGS (2019-04-23) in USD $57.03
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 12.86x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

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

** Primary Listing of Popular.

NasdaqGS:BPOP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BPOP Share Price ÷ EPS (both in USD)

= 57.03 ÷ 6.89

8.28x

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

  • Popular is good value based on earnings compared to the US Banks industry average.
  • Popular is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Popular's expected growth come at a high price?
Raw Data
NasdaqGS:BPOP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-4.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 262 Publicly-Listed Banks Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

NasdaqGS:BPOP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.28x ÷ -4.6%

-1.8x

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

  • Popular earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Popular's assets?
Raw Data
NasdaqGS:BPOP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $55.78
NasdaqGS:BPOP Share Price * NasdaqGS (2019-04-23) in USD $57.03
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.22x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqGS:BPOP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BPOP Share Price ÷ Book Value per Share (both in USD)

= 57.03 ÷ 55.78

1.02x

* Primary Listing of Popular.

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

  • Popular is good value based on assets compared to the US Banks industry average.
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Value checks
We assess Popular'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. Popular has a total score of 5/6, 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.

BPOP Future Performance

 How is Popular expected to perform in the next 1 to 3 years based on estimates from 7 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
-4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Popular expected to grow at an attractive rate?
  • Popular's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Popular's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Popular's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BPOP Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:BPOP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -4.6%
NasdaqGS:BPOP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 6.2%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqGS:BPOP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BPOP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 578
2020-12-31 2,541 597 4
2019-12-31 2,486 613 4
NasdaqGS:BPOP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,162 691
2018-12-31 2,032 848 614
2018-09-30 1,851 624 406
2018-06-30 1,709 626 286
2018-03-31 1,665 639 102
2017-12-31 1,666 636 104
2017-09-30 1,659 792 201
2017-06-30 1,712 608 227
2017-03-31 1,704 598 220
2016-12-31 1,686 597 212
2016-09-30 1,717 691 354
2016-06-30 1,691 840 393

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Popular's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Popular's revenue is expected to grow by 6.2% 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
NasdaqGS:BPOP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:BPOP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 6.51 6.68 6.33 2.00
2020-12-31 6.44 7.10 5.33 9.00
2019-12-31 6.33 6.59 6.05 8.00
NasdaqGS:BPOP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.89
2018-12-31 6.07
2018-09-30 4.00
2018-06-30 2.81
2018-03-31 1.01
2017-12-31 1.02
2017-09-30 1.96
2017-06-30 2.21
2017-03-31 2.13
2016-12-31 2.05
2016-09-30 3.43
2016-06-30 3.81

*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.
  • Popular is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Popular'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Popular has a total score of 0/6, 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.

BPOP Past Performance

  How has Popular 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 Popular'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.
  • Popular's year on year earnings growth rate has been positive over the past 5 years.
  • Popular's 1-year earnings growth exceeds its 5-year average (575.3% vs 5%)
  • Popular's earnings growth has exceeded the US Banks industry average in the past year (575.3% vs 43.5%).
Earnings and Revenue History
Popular'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 Popular Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BPOP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,161.73 691.04 1,168.76
2018-12-31 2,031.65 614.44 1,141.17
2018-09-30 1,850.53 405.88 1,089.49
2018-06-30 1,708.52 285.89 1,055.30
2018-03-31 1,664.97 102.34 1,022.37
2017-12-31 1,665.61 103.96 1,004.50
2017-09-30 1,658.89 200.87 1,010.56
2017-06-30 1,712.45 227.02 1,021.25
2017-03-31 1,704.23 219.78 1,027.61
2016-12-31 1,686.17 211.83 1,025.23
2016-09-30 1,717.44 354.50 1,023.18
2016-06-30 1,691.36 393.34 1,017.05
2016-03-31 1,687.86 901.79 1,031.02
2015-12-31 1,687.05 890.27 1,010.72
2015-09-30 1,642.87 792.60 999.84
2015-06-30 1,597.83 739.77 972.70
2015-03-31 1,112.48 -187.25 925.61
2014-12-31 1,061.45 -194.23 916.06
2014-09-30 1,160.17 -82.81 906.97
2014-06-30 1,341.62 109.89 913.15
2014-03-31 1,768.54 751.64 919.92
2013-12-31 1,529.48 555.10 924.34
2013-09-30 1,467.62 487.86 940.75
2013-06-30 1,285.65 309.53 949.68
2013-03-31 1,249.41 63.10 966.73
2012-12-31 1,396.04 203.73 920.12
2012-09-30 1,394.15 160.59 946.46
2012-06-30 1,339.97 140.93 924.40

*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.
  • Popular has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Popular used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Popular 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 Popular'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.
Popular has a total score of 4/6, 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.

BPOP Health

 How is Popular'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 Popular'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 Popular Company Filings, last reported 3 weeks ago.

NasdaqGS:BPOP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 5,440.06 1,377.40 415.78
2018-12-31 5,435.06 1,538.53 4,566.56
2018-09-30 5,244.35 2,046.00 5,036.83
2018-06-30 5,289.66 1,869.77 9,057.43
2018-03-31 5,064.91 2,130.47 7,321.27
2017-12-31 5,103.91 2,023.73 5,676.48
2017-09-30 5,285.43 2,147.06 6,065.20
2017-06-30 5,278.05 1,968.42 4,683.77
2017-03-31 5,190.21 1,993.89 4,055.84
2016-12-31 5,197.96 2,057.36 3,315.02
2016-09-30 5,380.40 2,364.98 4,377.20
2016-06-30 5,359.83 2,428.75 3,225.40
2016-03-31 5,250.30 2,349.99 2,393.29
2015-12-31 5,105.32 2,430.32 2,612.88
2015-09-30 5,049.64 2,761.48 2,845.99
2015-06-30 4,949.65 3,051.90 3,921.09
2015-03-31 4,377.12 2,912.53 2,896.85
2014-12-31 4,267.38 3,014.67 2,286.43
2014-09-30 4,298.39 3,399.28 1,423.75
2014-06-30 4,260.44 4,491.58 2,146.91
2014-03-31 4,745.75 3,741.54 2,067.91
2013-12-31 4,626.15 3,661.68 1,347.14
2013-09-30 4,393.89 4,199.05 1,390.36
2013-06-30 4,195.04 4,739.54 1,535.27
2013-03-31 3,971.14 4,969.34 1,667.74
2012-12-31 4,110.00 4,462.22 1,609.77
2012-09-30 4,068.98 5,073.77 1,679.80
2012-06-30 4,021.24 3,678.83 1,543.26
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.
  • Popular has an acceptable proportion of non-loan assets held.
  • Popular's liabilities are made up of primarily low risk sources of funding.
  • Loans at Popular are broadly funded by customer deposits.
  • Popular's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Popular has a low allowance for bad loans.
  • Popular has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Popular'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. Popular 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.

BPOP Dividends

 What is Popular'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
2.1%
Current annual income from Popular dividends. Estimated to be 2.11% next year.
If you bought $2,000 of Popular shares you are expected to receive $42 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?
  • Popular's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Popular's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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
NasdaqGS:BPOP 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 7 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGS:BPOP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.88 2.00
2020-12-31 1.33 5.00
2019-12-31 1.21 5.00
NasdaqGS:BPOP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-15 1.200 2.210
2019-01-23 1.200 2.210
2018-11-14 1.000 1.977
2018-08-23 1.000 1.945
2018-05-08 1.000 2.096
2018-02-23 1.000 2.278
2017-11-14 1.000 2.678
2017-08-24 1.000 2.775
2017-05-19 1.000 2.491
2017-01-24 1.000 2.399
2016-11-22 0.600 1.382
2016-08-19 0.600 1.558
2016-05-20 0.600 1.906
2016-02-19 0.600 2.122
2015-12-11 0.600 2.326
2015-09-18 0.600 2.007
2011-03-01 0.000 0.000
2011-02-04 0.000 0.000
2010-11-09 0.000 0.000
2010-10-22 0.000 0.000
2010-08-09 0.000 0.000
2010-07-23 0.000 0.000
2010-05-10 0.000 0.000
2010-04-21 0.000 0.000
2010-03-01 0.000 0.000
2010-01-21 0.000 0.000
2009-11-09 0.000 0.000
2009-10-19 0.000 0.000
2009-08-10 0.000 0.000
2009-07-17 0.000 0.000
2009-04-24 0.800 3.446

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Popular's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).
X
Income/ dividend checks
We assess Popular's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Popular afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Popular 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.

BPOP Management

 What is the CEO of Popular'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
Ignacio Alvarez
COMPENSATION $4,417,563
AGE 60
TENURE AS CEO 1.8 years
CEO Bio

Mr. Ignacio Álvarez, Esq., has been the President of Popular, Inc. (the “Bank”) since October 1, 2014 and as its Chief Executive Officer and Director since July 1, 2017. Mr. Álvarez has been the President and Chief Executive Officer of Banco Popular de Puerto Rico (“BPPR”) since October 1, 2014 & July 1, 2017 respectively. Mr. Álvarez has been the President of Popular Bank since October 2014. He served as Chief Operating Officer of the Bank & Banco Popular de Puerto Rico (BPPR) from October 1, 2014 to July 1, 2017. He founded Pietrantoni Mendez & Alvarez LLP in 1992 and is the Founding Partner, specialized in corporate finance, bank regulation and mergers and acquisitions. He joined Popular in 2010. He served as the Chief Legal Officer and Executive Vice President of the Bank. from June 2010 to October 1, 2014 and served as its Executive Vice President of Corporate Matters. His areas of practice include banking, corporate and commercial law and corporate and public finance law. He served as an Executive Vice President and General Counsel of Popular, Inc. from June 3, 2010 to October 1, 2014. He served as a Partner at McConnell Valdes (“McConnell”) San Juan, from 1987 to 1992. He joined McConnell in 1985. He served as President and CEO of Popular North America, Inc. He was at Steel, Hector & Davis, Florida from 1983 to 1985. He has been practicing law at the Bars of Florida and Puerto Rico since 1983. He has been a Director of BPPR and Popular Bank since October 2014. He has been a Director of the Bank since July 1, 2017. He has been a Member of the Board of Trustees of Fundación Banco Popular, Inc. and Popular Community Bank Foundation, Inc. since November 2015. He has served as a Member of the Board of Regents of Georgetown University since October 2008. He is a Member of the Florida Bar Association, Puerto Rico Bar Association and the Business Law Section of the American Bar Association. He was an Adjunct Professor and Lecturer at the University of Puerto Rico Law School from 1988 to 1992. Mr. Álvarez received a J.D., cum laude, from the Harvard Law School, Cambridge, MA in 1983 and a B.S.F.S., magna cum laude, in 1980 from the Georgetown University, Washington, DC, where he was elected to the Phi Beta Kappa.

CEO Compensation
  • Ignacio's compensation has increased by more than 20% in the past year.
  • Ignacio's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Popular management team in years:

5.3
Average Tenure
58
Average Age
  • The average tenure for the Popular management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Richard Carrión

TITLE
Executive Chairman of the Board
COMPENSATION
$4M
AGE
66

Ignacio Alvarez

TITLE
President
COMPENSATION
$4M
AGE
60
TENURE
1.8 yrs

Carlos Vázquez

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
59
TENURE
6.1 yrs

Javier Ferrer-Fernández

TITLE
Executive VP
COMPENSATION
$2M
AGE
57
TENURE
4.5 yrs

Lidio Soriano

TITLE
Executive VP & Chief Risk Officer of Corporate Risk Management Group
COMPENSATION
$1M
AGE
49
TENURE
7.7 yrs

Camille Burckhart

TITLE
Executive VP and Chief Information & Digital Strategy Officer of Innovation
AGE
38

Eduardo Negrón

TITLE
Executive Vice President of Administration
COMPENSATION
$589K
AGE
53
TENURE
8.3 yrs

Paul Cardillo

TITLE
Investor Relations Officer
TENURE
0.4 yrs

Teruca Rullán

TITLE
Senior Vice President of Corporate Communications

Maria Isabel de Burckhart

TITLE
Executive Vice President
COMPENSATION
$1M
AGE
69
Board of Directors Tenure

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

8
Average Tenure
56.5
Average Age
  • The tenure for the Popular board of directors is about average.
Board of Directors

Ignacio Alvarez

TITLE
President
COMPENSATION
$4M
AGE
60
TENURE
1.8 yrs

Maria Luisa Rangel

TITLE
Director
COMPENSATION
$160K
AGE
54
TENURE
15 yrs

Richard Carrión

TITLE
Executive Chairman of the Board
COMPENSATION
$4M
AGE
66
TENURE
26.3 yrs

Alejandro Ballester

TITLE
Director
COMPENSATION
$160K
AGE
50
TENURE
9.3 yrs

Kim Goodwin

TITLE
Director
COMPENSATION
$165K
AGE
59
TENURE
8 yrs

John Diercksen

TITLE
Director
COMPENSATION
$165K
AGE
69
TENURE
6.3 yrs

Bill Teuber

TITLE
Lead Director
COMPENSATION
$170K
AGE
66
TENURE
8 yrs

Carlos Unanue

TITLE
Director
COMPENSATION
$150K
AGE
54
TENURE
9.3 yrs

Joaquín Bacardí

TITLE
Director
COMPENSATION
$150K
AGE
52
TENURE
6 yrs

Myrna Soto

TITLE
Independent Director
COMPENSATION
$125K
AGE
49
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • Popular insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Aug 18 Sell Beatriz Castellvi Individual 03. Aug 18 03. Aug 18 -4,672 $50.25 $-234,768
01. Mar 19 Sell Carlos Vázquez Individual 27. Feb 19 27. Feb 19 -4,000 $55.48 $-221,920
22. Feb 19 Sell Maria Luisa Rangel Individual 21. Feb 19 21. Feb 19 -3,046 $56.43 $-171,889
06. Feb 19 Sell Gilberto Monzon Individual 06. Feb 19 06. Feb 19 -4,000 $54.13 $-216,512
01. Feb 19 Sell Eli Sepúlveda Individual 30. Jan 19 30. Jan 19 -5,000 $55.60 $-278,000
07. Nov 18 Sell Juan Guerrero Individual 05. Nov 18 05. Nov 18 -6,000 $53.31 $-319,860
14. Aug 18 Sell Luis A. Ferre Foundation, Inc., Endowment Arm Company 10. Aug 18 10. Aug 18 -22,500 $50.12 $-1,127,700
14. Aug 18 Sell Maria Luisa Rangel Individual 10. Aug 18 10. Aug 18 -297 $49.89 $-14,817
14. Aug 18 Sell Ignacio Alvarez Individual 13. Aug 18 13. Aug 18 -6,000 $50.32 $-301,920
07. Aug 18 Sell Alejandro Ballester Individual 03. Aug 18 03. Aug 18 -2,536 $50.47 $-127,661
01. Aug 18 Sell Jorge García Individual 31. Jul 18 31. Jul 18 -3,000 $49.69 $-149,070
27. Jul 18 Sell Luis Cestero Individual 25. Jul 18 25. Jul 18 -4,008 $50.15 $-201,001
27. Jul 18 Sell Eduardo Negrón Individual 25. Jul 18 25. Jul 18 -15,000 $50.15 $-752,250
27. Jul 18 Sell Gilberto Monzon Individual 25. Jul 18 25. Jul 18 -5,000 $50.63 $-253,150
27. Jul 18 Sell Richard Carrión Individual 25. Jul 18 26. Jul 18 -200,000 $50.35 $-10,032,847
27. Jul 18 Sell Eli Sepúlveda Individual 25. Jul 18 25. Jul 18 -5,000 $50.30 $-251,500
X
Management checks
We assess Popular'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. Popular 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.

BPOP News

Simply Wall St News

Have You Considered These Key Risks For Popular, Inc. (NASDAQ:BPOP)?

Today we’re going to assess the level of bad debt and liabilities Popular currently has in order to properly analyse the risk involved with investing in Popular. … Check out our latest analysis for Popular … NasdaqGS:BPOP Historical Debt, April 12th 2019

Simply Wall St -

Did Popular's (NASDAQ:BPOP) Share Price Deserve to Gain 87%?

(NASDAQ:BPOP) share price is up 87% in the last three years, clearly besting than the market return of around 36% (not including dividends). … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … Over the last three years, Popular failed to grow earnings per share, which fell 11% (annualized).

Simply Wall St -

Should You Be Concerned About Popular, Inc.’s (NASDAQ:BPOP) Liquidity?

Popular, Inc.’s (NASDAQ:BPOP) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$5.5b. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels. … Today we will be measuring Popular’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

At US$49.25, Is It Time To Put Popular, Inc. (NASDAQ:BPOP) On Your Watch List?

(NASDAQ:BPOP), operating in the financial services industry based in United States,. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s take a look at Popular’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Have Insiders Been Selling Popular, Inc. (NASDAQ:BPOP) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Popular, Inc. … Over the last year, we note insiders sold 251.51k shares worth US$13m. … All up, insiders sold more shares in Popular than they bought, over the last year.

Simply Wall St -

Should You Be Concerned About Popular Inc’s (NASDAQ:BPOP) Risks?

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Popular’s bottom line. … Today we will analyse Popular’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … NasdaqGS:BPOP Historical Debt November 15th 18

Simply Wall St -

Understated Factors To Consider Before Investing In Popular Inc (NASDAQ:BPOP)

As a small-cap finance stock with a market capitalisation of US$5.1b, the risk and profitability of Popular Inc (NASDAQ:BPOP) are largely tied to the underlying economic growth of the region it operates in US. … Given that banks operate by reinvesting deposits in the form of loans, negative economic growth may lower the level of saving deposits and demand for loans, directly affecting those banks’ levels of cash flows. … Post-GFC recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry.

Simply Wall St -

What To Know Before Buying Popular Inc (NASDAQ:BPOP) For Its Dividend

Historically, Popular Inc (NASDAQ:BPOP) has been paying a dividend to shareholders. … Does Popular tick all the boxes of a great dividend stock? … 5 checks you should use to assess a dividend stock

Simply Wall St -

A Look At Popular Inc's (NASDAQ:BPOP) Exceptional Fundamentals

Looking at the company as a whole, as a potential stock investment, I believe BPOP has a lot to offer. … is a company with great financial health as well as a. … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

What Does Popular Inc's (NASDAQ:BPOP) PE Ratio Tell You?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While this makes BPOP appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

BPOP Company Info

Description

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases. In addition, the company provides investment banking, broker-dealer, and insurance services. As of December 31, 2018, it operated 172 branches, including 67 owned and 105 leased premises in Puerto Rico; 51 branches comprising 5 owned and 46 leased premises in New York, New Jersey, and Florida; and 619 ATMs in Puerto Rico, 22 ATMs in Virgin Islands, and 115 ATMs in the United States mainland. Popular, Inc. was founded in 1893 and is headquartered in Hato Rey, Puerto Rico.

Details
Name: Popular, Inc.
BPOP
Exchange: NasdaqGS
Founded: 1893
$5,510,802,683
96,629,891
Website: http://www.popular.com
Address: Popular, Inc.
209 Muñoz Rivera Avenue,
Hato Rey,
Puerto Rico, 00918,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BPOP Common Stock Nasdaq Global Select US USD 14. Dec 1972
OTCPK BPOP.O 6.375 PFD A 2003 Pink Sheets LLC US USD 28. Feb 2003
OTCPK BPOP.P PFD B 8.25% Pink Sheets LLC US USD 30. May 2008
Number of employees
Current staff
Staff numbers
8,242
Popular employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:42
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/04/18
Last earnings reported: 2019/03/31
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.