OTCPK:BNKX.Y

Stock Analysis Report

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Executive Summary

Bankia, S.A., together with its subsidiaries, provides various banking and financial products and services in Spain and internationally.


Snowflake Analysis

Good value with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BNKX.Y

0.8%

US Banks

4.0%

US Market


1 Year Return

n/a

BNKX.Y

-28.2%

US Banks

4.9%

US Market

Return vs Industry: Insufficient data to determine how BNKX.Y performed against the US Banks industry.

Return vs Market: Insufficient data to determine how BNKX.Y performed against the US Market.


Shareholder returns

BNKX.YIndustryMarket
7 Day0%0.8%4.0%
30 Day0%-12.3%1.3%
90 Day-12.0%15.3%29.5%
1 Yearn/a-25.7%-28.2%7.2%4.9%
3 Yearn/a-18.1%-24.7%36.1%27.2%
5 Yearn/a8.8%-4.4%65.3%46.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

8.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BNKX.Y's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BNKX.Y's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BNKX.Y is good value based on its PE Ratio (8.2x) compared to the Banks industry average (9.4x).

PE vs Market: BNKX.Y is good value based on its PE Ratio (8.2x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: BNKX.Y is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: BNKX.Y is good value based on its PB Ratio (0.2x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Bankia forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

36.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BNKX.Y's forecast earnings growth (36.3% per year) is above the savings rate (2.2%).

Earnings vs Market: BNKX.Y's earnings (36.3% per year) are forecast to grow faster than the US market (22.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BNKX.Y's revenue (1.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: BNKX.Y's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BNKX.Y's Return on Equity is forecast to be low in 3 years time (2.9%).


Next Steps

Past Performance

How has Bankia performed over the past 5 years?

-14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNKX.Y has a large one-off loss of €248.5M impacting its March 31 2020 financial results.

Growing Profit Margin: BNKX.Y's current net profit margins (14.6%) are lower than last year (22.9%).


Past Earnings Growth Analysis

Earnings Trend: BNKX.Y's earnings have declined by -14.3% per year over the past 5 years.

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

Earnings vs Industry: BNKX.Y had negative earnings growth (-40.6%) over the past year, making it difficult to compare to the Banks industry average (1.8%).


Return on Equity

High ROE: BNKX.Y's Return on Equity (3.3%) is considered low.


Next Steps

Financial Health

How is Bankia'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: BNKX.Y's Assets to Equity ratio (16.2x) is moderate.

Allowance for Bad Loans: BNKX.Y has a low allowance for bad loans (50%).

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

Loan Level: BNKX.Y has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: BNKX.Y's Loans to Deposits ratio (77%) is appropriate.

Level of Bad Loans: BNKX.Y has a high level of bad loans (5%).


Next Steps

Dividend

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

11.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BNKX.Y's dividend (11.48%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: BNKX.Y's dividend (11.48%) is in the top 25% of dividend payers in the US market (4.5%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BNKX.Y has been paying a dividend for less than 10 years.

Growing Dividend: BNKX.Y's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (93.7%), BNKX.Y's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BNKX.Y's dividends in 3 years are forecast to be covered by earnings (55.5% payout ratio).


Next Steps

Management

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

6.1yrs

Average management tenure


CEO

José Sevilla Álvarez (56yo)

6.08yrs

Tenure

€770,000

Compensation

Mr. José Sevilla Álvarez is Chief Executive Officer of Bankia, SA ("Bankia"). Before joining Bankia he held various management positions in BBVA, where, he served as General Manager of Risks, Head of the O ...


CEO Compensation Analysis

Compensation vs Market: José Sevilla's total compensation ($USD865.65K) is below average for companies of similar size in the US market ($USD5.82M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jose Ignacio Goirigolzarri Tellaeche
Executive Chairman of the Board8.17yrs€770.00k0.0085% 294.0k
José Sevilla Álvarez
CEO & Executive Director6.08yrs€770.00k0.0018% 62.5k
Antonio Ortega Parra
Director of People6.08yrs€770.00k0.0025% 85.0k
Leopoldo Alvear Trenor
Deputy General Director of Financial Managementno datano datano data
Iñigo Velázquez
Head of Investor Relations & Ratingno datano datano data
Amalia Blanco Lucas
Deputy General Director of Communication & External Relationsno datano datano data
Fernando Sobrini Aburto
Deputy General Director of Asset Management & Investees6.08yrsno datano data
Gonzalo Alcubilla Povedano
Deputy General Director of Business Banking6.08yrsno datano data
Carlos Aguilera
Head of Business Banking Division - Murcia Region2yrsno datano data
David López Puig
Deputy General Director of People & Cultureno datano datano data

6.1yrs

Average Tenure

58yo

Average Age

Experienced Management: BNKX.Y's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jose Ignacio Goirigolzarri Tellaeche
Executive Chairman of the Board8.17yrs€770.00k0.0085% 294.0k
José Sevilla Álvarez
CEO & Executive Director6.08yrs€770.00k0.0018% 62.5k
Antonio Ortega Parra
Director of People6.08yrs€770.00k0.0025% 85.0k
Joaquín Ayuso García
Independent Director8.17yrs€100.00k0.0018% 62.5k
Eva Castillo Sanz
Lead Independent Director1.42yrs€100.00k0.00082% 28.3k
Fernando Fernández Méndez de Andés
Independent Director8.17yrs€100.00k0.00054% 18.7k
José Luis Feito Higueruela
Independent Director8.17yrs€100.00k0.0016% 56.0k
Francisco Javier Campo García
Independent Director8.17yrs€100.00k0.0016% 57.0k
Jorge Cosmen Menéndez-Castañedo
Independent Director8.17yrs€100.00kno data
Antonio Greño Hidalgo
Independent Director4.33yrs€100.00k0.00068% 23.5k

8.2yrs

Average Tenure

64.5yo

Average Age

Experienced Board: BNKX.Y's board of directors are considered experienced (8.2 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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Bankia, S.A.
  • Ticker: BNKX.Y
  • Exchange: OTCPK
  • Founded: 2010
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €3.073b
  • Listing Market Cap: €3.455b
  • Shares outstanding: 3.05b
  • Website: https://www.bankia.com

Number of Employees


Location

  • Bankia, S.A.
  • Paseo de la Castellana, 189
  • Madrid
  • Madrid
  • 28029
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKIABME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJul 2011
0RQ1LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2011
BNKX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2011
FV02DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2011
BKIA NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJul 2011
BKIAWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 2011
BKIAEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2011
FV02ETLX (Eurotlx)YesOrdinary SharesITEURJul 2011
BNKX.YOTCPK (Pink Sheets LLC)ADRUSUSDMar 2013

Biography

Bankia, S.A., together with its subsidiaries, provides various banking and financial products and services in Spain and internationally. The company operates through Retail Banking, Business Banking, and Corporate Center segments. It provides retail banking products, such as salary direct deposits, consumer loans, mortgages, term deposits, credit cards, insurance, investment and pension funds, and other asset management services. The company also offers business banking, private banking, corporate banking, and capital markets services. As of December 31, 2019, it operated through a network of 2,275 offices. The company also operates a network of 5,361 ATMs. It primarily serves individuals, self-employed professionals, high net-worth customers, and companies, as well as micro, small, and medium-sized enterprises. The company was formerly known as Altae Banco, S.A. and changed its name to Bankia, S.A. in 2011. Bankia, S.A. was founded in 2010 and is headquartered in Madrid, Spain. Bankia, S.A. is a subsidiary of BFA Tenedora de Acciones, S.A.U. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 00:15
End of Day Share Price2020/05/15 00:00
Earnings2020/03/31
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.