OTCPK:BBVX.F

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

Good value with adequate balance sheet and pays a dividend.


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


Market Performance


7 Day Return

3.7%

BBVX.F

1.4%

US Banks

1.0%

US Market


1 Year Return

-15.9%

BBVX.F

0.2%

US Banks

6.7%

US Market

Return vs Industry: BBVX.F underperformed the US Banks industry which returned 0.2% over the past year.

Return vs Market: BBVX.F underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

BBVX.FIndustryMarket
7 Day3.7%1.4%1.0%
30 Day-4.0%-2.6%-1.8%
90 Day-8.6%0.8%-1.8%
1 Year-15.9%-15.9%3.1%0.2%9.1%6.7%
3 Year-22.9%-22.9%52.0%41.5%46.1%36.6%
5 Year-54.4%-54.4%69.7%51.2%66.9%48.6%

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

No news available

Valuation

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

0.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: BBVX.F ($5.01) is trading below our estimate of fair value ($5.04)

Significantly Undervalued: BBVX.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BBVX.F is good value based on its PE Ratio (6.3x) compared to the Banks industry average (12.5x).

PE vs Market: BBVX.F is good value based on its PE Ratio (6.3x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Next Steps

  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is Banco Bilbao Vizcaya Argentaria forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

-1.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBVX.F's earnings are forecast to decline over the next 3 years (-1.4% per year).

Earnings vs Market: BBVX.F's earnings are forecast to decline over the next 3 years (-1.4% per year).

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

Revenue vs Market: BBVX.F's revenue (2.2% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: BBVX.F's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BBVX.F's Return on Equity is forecast to be low in 3 years time (7.8%).


Next Steps

Past Performance

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

25.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BBVX.F has become profitable over the past 5 years, growing earnings by 25.7% per year.

Accelerating Growth: BBVX.F's earnings growth over the past year (42.6%) exceeds its 5-year average (25.7% per year).

Earnings vs Industry: BBVX.F earnings growth over the past year (42.6%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: BBVX.F's Return on Equity (11%) is considered low.


Return on Assets

ROA vs Industry: BBVX.F's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BBVX.F's Return on Capital Employed to determine if it has improved over the past 3 years.


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: BBVX.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: BBVX.F's debt is covered by short term assets (assets are 1.488560x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: BBVX.F has a high level of bad loans (3.95%)


Next Steps

Dividend

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

5.61%

Current Dividend Yield


Dividend Yield vs Market

company5.6%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Years5.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BBVX.F's dividend (5.61%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: BBVX.F's dividend (5.61%) is in the top 25% of dividend payers in the US market (3.77%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.5%), BBVX.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BBVX.F's dividends in 3 years are forecast to be well covered by earnings (42.9% 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?

4.4yrs

Average management tenure


CEO

Onur Genç (45yo)

0.8yrs

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

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


Management Age and Tenure

4.4yrs

Average Tenure

52yo

Average Age

Experienced Management: BBVX.F's management team is considered experienced (4.4 years average tenure).


Board Age and Tenure

4.0yrs

Average Tenure

64yo

Average Age

Experienced Board: BBVX.F's board of directors are considered experienced (4 years average tenure).


Insider Trading

Insider Buying: BBVX.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€49912 Sep 19
Onur Genç
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares100
Max Price€4.99
Buy€268,62904 Apr 19
Onur Genç
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares41,267
Max Price€6.51
Buy€182,59504 Apr 19
José Manuel González-Páramo Martínez-Murillo
EntityIndividual
Role
Member of the Board of Directors
Head of Global Economics & Public Affairs and Executive Director
Shares31,308
Max Price€5.83
Buy€1,047,42404 Apr 19
Carlos Torres Vila
EntityIndividual
Role
Chairman of the Board
Group Executive Chairman
Shares179,593
Max Price€5.83
Buy€120,42222 Oct 18
Francisco González Rodríguez
EntityIndividual
Shares19,653
Max Price€6.13

Ownership Breakdown


Management Team

  • José Luis Rodríguez Alvarez

    Head of International Subsidiaries Structure - GA&IM

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

    Group Executive Chairman

    • Tenure: 0.8yrs
  • José Manuel González-Páramo Martínez-Murillo (61yo)

    Head of Global Economics & Public Affairs and Executive Director

    • Tenure: 6.3yrs
    • Compensation: €1.04m
  • Juan Ignacio Apoita Gordo (59yo)

    Head of Human Resources & Services

    • Tenure: 10.1yrs
  • Onur Genç (45yo)

    CEO & Director

    • Tenure: 0.8yrs
    • Compensation: €2.81m
  • Jaime Saenz de Tejada Pulido (51yo)

    Chief Financial Officer

    • Tenure: 4.8yrs
  • María Jesús Arribas De Paz

    • Tenure: 0.8yrs
  • Paul Tobin (46yo)

    Global Head of Communications & Responsible Business

    • Tenure: 4.4yrs
  • 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: 0.8yrs
  • Susana Rodríguez Vidarte (64yo)

    External Director

    • Tenure: 17.4yrs
    • Compensation: €444.00k
  • Carlos Loring Martínez de Irujo (72yo)

    External Director

    • Tenure: 15.7yrs
    • Compensation: €446.00k
  • José Manuel González-Páramo Martínez-Murillo (61yo)

    Head of Global Economics & Public Affairs and Executive Director

    • Tenure: 6.3yrs
    • Compensation: €1.04m
  • Belén Garijo López (59yo)

    Independent Director

    • Tenure: 7.6yrs
    • Compensation: €327.00k
  • Joan Llorens (69yo)

    Lead Director

    • Tenure: 0.5yrs
    • Compensation: €457.00k
  • Onur Genç (45yo)

    CEO & Director

    • Tenure: 0.8yrs
    • Compensation: €2.81m
  • José Miguel Andrés Torrecillas (64yo)

    Deputy Chair of the Board

    • Tenure: 0.5yrs
    • 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: BBVX.F
  • Exchange: OTCPK
  • Founded: 1857
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €30.828b
  • Listing Market Cap: €33.974b
  • 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
BBVABIT (Borsa Italiana)YesRegistered SharesITEUROct 1988
BBVENXTBR (Euronext Brussels)YesRegistered SharesBEEUROct 1988
BVALSE (London Stock Exchange)YesRegistered SharesGBEUROct 1988
BBVABME (Bolsas y Mercados Espanoles)YesRegistered SharesESEUROct 1988
BOYDB (Deutsche Boerse AG)YesRegistered SharesDEEUROct 1988
BBVX.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDOct 1988
BBVA *BMV (Bolsa Mexicana de Valores)YesRegistered SharesMXMXNOct 1988
BOYXTRA (XETRA Trading Platform)YesRegistered SharesDEEUROct 1988
BBVAEBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEUROct 1988
BBVAWBAG (Wiener Boerse AG)YesRegistered SharesATEUROct 1988
BBVAXTRA (XETRA Trading Platform)ADS EACH REPR 1 ORD EUR0.49DEEURDec 1988
BBVABVL (Bolsa de Valores de Lima)ADS EACH REPR 1 ORD EUR0.49PEUSDDec 1988
BBVADB (Deutsche Boerse AG)ADS EACH REPR 1 ORD EUR0.49DEEURDec 1988
BBVANYSE (New York Stock Exchange)ADS EACH REPR 1 ORD EUR0.49USUSDDec 1988
0A2BLSE (London Stock Exchange)ADS EACH REPR 1 ORD EUR0.49GBUSDDec 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 Analysis2019/10/14 23:46
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.