OTCPK:BKIM.F

Stock Analysis Report

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Executive Summary

Bankinter, S.A. provides various banking products and services in Spain.


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Bankinter's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-18.2%

BKIM.F

-2.4%

US Banks

2.2%

US Market


1 Year Return

-33.2%

BKIM.F

-22.7%

US Banks

16.2%

US Market

Return vs Industry: BKIM.F underperformed the US Banks industry which returned -23.2% over the past year.

Return vs Market: BKIM.F underperformed the US Market which returned 15.9% over the past year.


Shareholder returns

BKIM.FIndustryMarket
7 Day-18.2%-2.4%2.2%
30 Day-3.5%0.8%4.9%
90 Day16.8%6.1%17.8%
1 Year-33.2%-33.2%-19.9%-22.7%18.7%16.2%
3 Yearn/a-15.5%-22.2%41.1%32.0%
5 Yearn/a10.1%-3.3%74.5%55.7%

Price Volatility Vs. Market

How volatile is Bankinter's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bankinter undervalued compared to its fair value and its price relative to the market?

12.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BKIM.F ($4.34) is trading above our estimate of fair value ($2.3)

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


Price To Earnings Ratio

PE vs Industry: BKIM.F is poor value based on its PE Ratio (12.4x) compared to the US Banks industry average (9.6x).

PE vs Market: BKIM.F is good value based on its PE Ratio (12.4x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: BKIM.F is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: BKIM.F's PB Ratio (0.9x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Bankinter forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKIM.F's forecast earnings growth (16.9% per year) is above the savings rate (2.2%).

Earnings vs Market: BKIM.F's earnings (16.9% per year) are forecast to grow slower than the US market (22.4% per year).

High Growth Earnings: BKIM.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: BKIM.F's revenue (0.8% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: BKIM.F's revenue (0.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKIM.F's Return on Equity is forecast to be low in 3 years time (7.9%).


Next Steps

Past Performance

How has Bankinter performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKIM.F has high quality earnings.

Growing Profit Margin: BKIM.F's current net profit margins (18.9%) are lower than last year (30.6%).


Past Earnings Growth Analysis

Earnings Trend: BKIM.F's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: BKIM.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BKIM.F had negative earnings growth (-36%) over the past year, making it difficult to compare to the Banks industry average (-2.8%).


Return on Equity

High ROE: BKIM.F's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is Bankinter'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


Financial Institutions Analysis

Asset Level: BKIM.F's Assets to Equity ratio (19.7x) is moderate.

Allowance for Bad Loans: BKIM.F has a low allowance for bad loans (53%).

Low Risk Liabilities: 82% of BKIM.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: BKIM.F has an appropriate level of Loans to Assets ratio (70%).

Low Risk Deposits: BKIM.F's Loans to Deposits ratio (90%) is appropriate.

Level of Bad Loans: BKIM.F has a high level of bad loans (2.7%).


Next Steps

Dividend

What is Bankinter current dividend yield, its reliability and sustainability?

3.02%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BKIM.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BKIM.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BKIM.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BKIM.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BKIM.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BKIM.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.8yrs

Average management tenure


CEO

María Dolores Dancausa Treviño

9.83yrs

Tenure

€1,106,299

Compensation

Ms. María Dolores Dancausa Treviño serves as General Manager at Linea Directa Aseguradora, S.A. Ms. Dancausa Treviño has been the Chief Executive Officer and Executive Director of Bankinter, S.A. since Oct ...


CEO Compensation Analysis

Compensation vs Market: María Dolores's total compensation ($USD1.30M) is below average for companies of similar size in the US market ($USD5.74M).

Compensation vs Earnings: María Dolores's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Pedro Guerrero Guerrero
Chairman13.33yrs€234.86k0.34%
€ 16.3m
María Dolores Dancausa Treviño
CEO & Executive Director9.83yrs€1.11m0.13%
€ 6.2m
Alfonso Botín-Sanz de Sautuola y Naveda
Executive Vice President of Board13.33yrs€204.93kno data
Jacobo Díaz Garcia
CFO and Area Director for Corporate Developmentno datano datano data
Iñigo Guerra Azcona
Director General of Investment Banking Areano datano datano data
David López Finistrosa
Director of Investor Relationsno datano datano data
María Paramés
Head of Employeesno datano datano data
Alfonso Ma Saez
Head of Consumer Financeno datano datano data
Julio Gabriel Zapatero Gaviria
Director General & Chief Risk Officerno datano datano data
Ruben Muñoz
Head of Treasury & Capital Marketsno datano datano data
Gloria Díaz
Company Secretary5.25yrsno datano data

9.8yrs

Average Tenure

Experienced Management: BKIM.F's management team is seasoned and experienced (9.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pedro Guerrero Guerrero
Chairman13.33yrs€234.86k0.34%
€ 16.3m
María Dolores Dancausa Treviño
CEO & Executive Director9.83yrs€1.11m0.13%
€ 6.2m
Alfonso Botín-Sanz de Sautuola y Naveda
Executive Vice President of Board13.33yrs€204.93kno data
Marcelino Botín-Sanz de Sautuola y Naveda
Director15.33yrs€113.02k0.028%
€ 1.3m
Rafael Mateu de Ros Cerezo
Independent Director11.58yrs€170.90k0.10%
€ 4.8m
Fernando María Masaveu Herrero
Director14.92yrs€120.72k0.086%
€ 4.1m
María Teresa Pulido Mendoza
Independent External Director6.08yrs€111.91k0.0013%
€ 63.7k
Teresa Retortillo
External Independent Director2.75yrs€124.02kno data
Álvaro Álvarez-Alonso Plaza
External Independent Director1.42yrs€92.74kno data
María Luisa Jordá Castro
External Independent Director1.42yrs€96.05k0.0011%
€ 52.7k
Fernando Francés Pons
Independent External Director0.42yrno datano data

9.8yrs

Average Tenure

58yo

Average Age

Experienced Board: BKIM.F's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bankinter, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bankinter, S.A.
  • Ticker: BKIM.F
  • Exchange: OTCPK
  • Founded: 1965
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €4.044b
  • Listing Market Cap: €4.750b
  • Shares outstanding: 898.72m
  • Website: https://www.bankinter.com

Number of Employees


Location

  • Bankinter, S.A.
  • Paseo de la Castellana 29
  • Madrid
  • Madrid
  • 28046
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKTBME (Bolsas y Mercados Espanoles)YesNominative SharesESEURApr 1985
0H7OLSE (London Stock Exchange)YesNominative SharesGBEURApr 1985
BKIM.FOTCPK (Pink Sheets LLC)YesNominative SharesUSUSDApr 1985
BAKADB (Deutsche Boerse AG)YesNominative SharesDEEURApr 1985
BKTEBATS-CHIXE (BATS 'Chi-X Europe')YesNominative SharesGBEURApr 1985
BKTWBAG (Wiener Boerse AG)YesNominative SharesATEURApr 1985
BKT NBMV (Bolsa Mexicana de Valores)YesNominative SharesMXMXNApr 1985
BKNI.YOTCPK (Pink Sheets LLC)SPONS ADR 07USUSDSep 1995

Biography

Bankinter, S.A. provides various banking products and services in Spain. The company operates through Commercial Banking, Private Banking, Personal Banking, Individual Banking, Foreigners, Corporate Bankin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 00:45
End of Day Share Price2020/08/04 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.