NYSE:BBVA

Stock Analysis Report

Banco Bilbao Vizcaya Argentaria

Executive Summary

Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Banco Bilbao Vizcaya Argentaria's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BBVA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.7%

BBVA

1.1%

US Banks

0.3%

US Market


1 Year Return

0.2%

BBVA

10.6%

US Banks

12.5%

US Market

Return vs Industry: BBVA underperformed the US Banks industry which returned 10.6% over the past year.

Return vs Market: BBVA underperformed the US Market which returned 12.5% over the past year.


Shareholder returns

BBVAIndustryMarket
7 Day0.7%1.1%0.3%
30 Day5.6%9.8%4.1%
90 Day12.8%15.5%5.6%
1 Year4.4%0.2%13.9%10.6%15.0%12.5%
3 Year-4.2%-14.3%40.6%30.7%49.1%39.4%
5 Year-38.1%-49.2%73.9%54.7%62.8%44.7%

Price Volatility Vs. Market

How volatile is Banco Bilbao Vizcaya Argentaria's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Banco Bilbao Vizcaya Argentaria undervalued compared to its fair value and its price relative to the market?

7.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BBVA ($5.47) is trading above our estimate of fair value ($5.32)

Significantly Below Fair Value: BBVA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BBVA is good value based on its PE Ratio (7.7x) compared to the Banks industry average (12.7x).

PE vs Market: BBVA is good value based on its PE Ratio (7.7x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: BBVA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BBVA is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Banco Bilbao Vizcaya Argentaria forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

-1.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBVA's earnings are forecast to decline over the next 3 years (-1% per year).

Earnings vs Market: BBVA's earnings are forecast to decline over the next 3 years (-1% per year).

High Growth Earnings: BBVA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BBVA's revenue (2.6% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: BBVA's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BBVA's Return on Equity is forecast to be low in 3 years time (7.7%).


Next Steps

Past Performance

How has Banco Bilbao Vizcaya Argentaria performed over the past 5 years?

19.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BBVA has high quality earnings.

Growing Profit Margin: BBVA's current net profit margins (21.8%) are higher than last year (19.8%).


Past Earnings Growth Analysis

Earnings Trend: BBVA has become profitable over the past 5 years, growing earnings by 19.3% per year.

Accelerating Growth: BBVA's earnings growth over the past year (6.4%) is below its 5-year average (19.3% per year).

Earnings vs Industry: BBVA earnings growth over the past year (6.4%) underperformed the Banks industry 27.7%.


Return on Equity

High ROE: BBVA's Return on Equity (9.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Banco Bilbao Vizcaya Argentaria's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: BBVA has a low level of unsold assets or inventory.

Debt Coverage by Assets: BBVA's debt is covered by short term assets (assets are 1.4x debt).


Financial Institutions Analysis

Asset Level: BBVA's level of assets compared to its equity is moderate.

Allowance for Bad Loans: BBVA has a low allowance for bad loans.

Low Risk Liabilities: BBVA's liabilities are made up of primarily low risk sources of funding.

Loan Level: BBVA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BBVA's loans are broadly funded by customer deposits.

Level of Bad Loans: BBVA has a high level of bad loans (3.98%)


Next Steps

Dividend

What is Banco Bilbao Vizcaya Argentaria's current dividend yield, its reliability and sustainability?

5.26%

Current Dividend Yield


Dividend Yield vs Market

company5.3%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Years5.5%

Current dividend yield vs market & industry

Notable Dividend: BBVA's dividend (5.26%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: BBVA's dividend (5.26%) is in the top 25% of dividend payers in the US market (3.67%)


Stability and Growth of Payments

Stable Dividend: BBVA's dividend payments have been volatile in the past 10 years.

Growing Dividend: BBVA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.6%), BBVA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BBVA's dividends in 3 years are forecast to be well covered by earnings (42.6% payout ratio).


Next Steps

Management

What is the CEO of Banco Bilbao Vizcaya Argentaria's salary, the management and board of directors tenure and is there insider trading?

4.5yrs

Average management tenure


CEO

Onur Genç (45yo)

0.9yrs

Tenure

€2,807,000

Compensation

Mr. Onur Genç is Chief Executive Officer of BBVA Group. Mr. Genç has been Director at BBVA USA Bancshares, Inc (formerly known as BBVA Compass Bancshares, Inc). Mr. Genç has been a Director of BBVA Bancome ...


CEO Compensation Analysis

Compensation vs Market: Onur's total compensation ($USD3.10M) is below average for companies of similar size in the US market ($USD11.12M).

Compensation vs Earnings: Insufficient data to compare Onur's compensation with company performance.


Management Age and Tenure

4.5yrs

Average Tenure

52yo

Average Age

Experienced Management: BBVA's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

4.1yrs

Average Tenure

64yo

Average Age

Experienced Board: BBVA's board of directors are considered experienced (4.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.


Management Team

  • José Luis Rodríguez Alvarez

    Head of International Subsidiaries Structure - GA&IM

    • Tenure: 0yrs
  • Carlos Torres Vila (53yo)

    Group Executive Chairman

    • Tenure: 0.9yrs
  • José Manuel González-Páramo Martínez-Murillo (61yo)

    Head of Global Economics & Public Affairs and Executive Director

    • Tenure: 6.4yrs
    • Compensation: €1.04m
  • Juan Ignacio Apoita Gordo (59yo)

    Head of Human Resources & Services

    • Tenure: 10.2yrs
  • Onur Genç (45yo)

    CEO & Director

    • Tenure: 0.9yrs
    • Compensation: €2.81m
  • Jaime Saenz de Tejada Pulido (51yo)

    Chief Financial Officer

    • Tenure: 4.8yrs
  • María Jesús Arribas De Paz

    • Tenure: 0.9yrs
  • Paul Tobin (46yo)

    Global Head of Communications & Responsible Business

    • Tenure: 4.5yrs
  • Ricardo Laiseca

    Head of Global Finance

    • Tenure: 0yrs
  • Gloria Couceiro Justo

    Global Head of Shareholder & IR

    • Tenure: 0yrs

Board Members

  • José Maldonado Ramos (67yo)

    External Director

    • Tenure: 19.8yrs
    • Compensation: €390.00k
  • Carlos Torres Vila (53yo)

    Group Executive Chairman

    • Tenure: 0.9yrs
  • Susana Rodríguez Vidarte (64yo)

    External Director

    • Tenure: 17.5yrs
    • Compensation: €444.00k
  • Carlos Loring Martínez de Irujo (72yo)

    External Director

    • Tenure: 15.8yrs
    • Compensation: €446.00k
  • José Manuel González-Páramo Martínez-Murillo (61yo)

    Head of Global Economics & Public Affairs and Executive Director

    • Tenure: 6.4yrs
    • Compensation: €1.04m
  • Belén Garijo López (59yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: €327.00k
  • Joan Llorens (69yo)

    Lead Director

    • Tenure: 0.6yrs
    • Compensation: €457.00k
  • Onur Genç (45yo)

    CEO & Director

    • Tenure: 0.9yrs
    • Compensation: €2.81m
  • José Miguel Andrés Torrecillas (64yo)

    Deputy Chair of the Board

    • Tenure: 0.6yrs
    • Compensation: €486.00k
  • Jaime Félix Caruana Lacorte (67yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: €236.00k

Company Information

Banco Bilbao Vizcaya Argentaria, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banco Bilbao Vizcaya Argentaria, S.A.
  • Ticker: BBVA
  • Exchange: NYSE
  • Founded: 1857
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €32.884b
  • Listing Market Cap: €36.295b
  • Shares outstanding: 6.65b
  • Website: https://www.bbva.com

Number of Employees


Location

  • Banco Bilbao Vizcaya Argentaria, S.A.
  • Plaza San Nicolás, 4
  • Bilbao
  • Basque Country
  • 48005
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOYDB (Deutsche Boerse AG)YesRegistered SharesDEEUROct 1988
BBVENXTBR (Euronext Brussels)YesRegistered SharesBEEUROct 1988
BBVAWBAG (Wiener Boerse AG)YesRegistered SharesATEUROct 1988
BVALSE (London Stock Exchange)YesRegistered SharesGBEUROct 1988
BBVAEBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEUROct 1988
BOYXTRA (XETRA Trading Platform)YesRegistered SharesDEEUROct 1988
BBVABME (Bolsas y Mercados Espanoles)YesRegistered SharesESEUROct 1988
BBVX.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDOct 1988
BBVABIT (Borsa Italiana)YesRegistered SharesITEUROct 1988
BBVA *BMV (Bolsa Mexicana de Valores)YesRegistered SharesMXMXNOct 1988
BBVAXTRA (XETRA Trading Platform)ADS EACH REPR 1 ORD EUR0.49DEEURDec 1988
BBVADB (Deutsche Boerse AG)ADS EACH REPR 1 ORD EUR0.49DEEURDec 1988
BBVABVL (Bolsa de Valores de Lima)ADS EACH REPR 1 ORD EUR0.49PEUSDDec 1988
BBVANYSE (New York Stock Exchange)ADS EACH REPR 1 ORD EUR0.49USUSDDec 1988
BBVBASE (Buenos Aires Stock Exchange)CEDEAR EACH REPR 1 ADSARARSDec 2000

Biography

Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/11 23:32
End of Day Share Price2019/11/11 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.