OTCPK:CAIX.Y

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

6.3%

CAIX.Y

4.1%

US Banks

1.0%

US Market


1 Year Return

-23.8%

CAIX.Y

7.2%

US Banks

8.0%

US Market

Return vs Industry: CAIX.Y underperformed the US Banks industry which returned 7.2% over the past year.

Return vs Market: CAIX.Y underperformed the US Market which returned 8% over the past year.


Shareholder returns

CAIX.YIndustryMarket
7 Day6.3%4.1%1.0%
30 Day14.7%2.8%-0.07%
90 Day11.3%2.9%-1.0%
1 Year-20.7%-23.8%10.3%7.2%10.4%8.0%
3 Year14.4%5.9%53.9%43.3%46.2%36.7%
5 Year-45.7%-52.2%71.9%53.1%64.3%46.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

12.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CAIX.Y ($0.97) is trading above our estimate of fair value ($0.74)

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


Price To Earnings Ratio

PE vs Industry: CAIX.Y is poor value based on its PE Ratio (12.7x) compared to the Banks industry average (12.6x).

PE vs Market: CAIX.Y is good value based on its PE Ratio (12.7x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: CAIX.Y is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: CAIX.Y is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is CaixaBank forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAIX.Y's forecast earnings growth (13.2% per year) is above the savings rate (2.7%).

Earnings vs Market: CAIX.Y's earnings (13.2% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: CAIX.Y's revenue (1.1% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: CAIX.Y's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has CaixaBank performed over the past 5 years?

25.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CAIX.Y's earnings have grown significantly by 25.7% per year over the past 5 years.

Accelerating Growth: CAIX.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: CAIX.Y had negative earnings growth (-40%) over the past year, making it difficult to compare to the Banks industry average (30.1%).


Return on Equity

High ROE: CAIX.Y's Return on Equity (5.7%) is considered low.


Return on Assets

ROA vs Industry: CAIX.Y'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 CAIX.Y's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is CaixaBank'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: CAIX.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: CAIX.Y's debt is not covered by short term assets (assets are 0.8x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: CAIX.Y has a high level of bad loans (4.1%)


Next Steps

Dividend

What is CaixaBank's current dividend yield, its reliability and sustainability?

6.41%

Current Dividend Yield


Dividend Yield vs Market

company6.4%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years6.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CAIX.Y's dividend (6.41%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: CAIX.Y's dividend (6.41%) is in the top 25% of dividend payers in the US market (3.68%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.9%), CAIX.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CAIX.Y's dividends in 3 years are forecast to be covered by earnings (54.1% payout ratio).


Next Steps

Management

What is the CEO of CaixaBank's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average board tenure


CEO

Gonzalo Gortázar Rotaeche (54yo)

5.3yrs

Tenure

€3,547,000

Compensation

Mr. Gonzalo Gortázar Rotaeche has been the Chief Executive Officer of CaixaBank, S.A since June 30, 2014. Mr. Rotaeche served as an External Proprietary Director of Abertis Infraestructuras S.A. from May 1 ...


CEO Compensation Analysis

Compensation vs. Market: Gonzalo's total compensation ($USD3.95M) is about average for companies of similar size in the US market ($USD11.18M).

Compensation vs Earnings: Gonzalo's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Age and Tenure

3.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CAIX.Y's board of directors are considered experienced (3 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


Management Team

  • Gonzalo Gortázar Rotaeche (54yo)

    CEO & Executive Director

    • Tenure: 5.3yrs
    • Compensation: €3.55m
  • Joaquim Vilar Barrabeig

    Chief Director of Intervention

    • Tenure: 0yrs
  • Tomás Muniesa Arantegui (67yo)

    Executive Deputy Chairman

    • Tenure: 1.5yrs
    • Compensation: €1.21m
  • Juan Antonio Alcaraz García

    Chief Business Officer & GM of Business

    • Tenure: 0yrs
  • Francesc Xavier Coll Escursell (63yo)

    Chief Human Resources & Organisation Officer

    • Tenure: 0yrs
  • Javier Pano Riera

    Chief Financial Officer

    • Tenure: 5.3yrs
  • Maria Luisa Martínez Gistau

    Executive Director of Communication

    • Tenure: 0yrs
  • Jorge Fontanals Curiel

    Head of Resources

    • Tenure: 0yrs
  • Jorge Mondéjar López

    Chief Risks Officer & GM of Risks

    • Tenure: 0yrs
  • Edward O'Loghlen

    Director of Investor Relations

    • Tenure: 0yrs

Board Members

  • Gonzalo Gortázar Rotaeche (54yo)

    CEO & Executive Director

    • Tenure: 5.3yrs
    • Compensation: €3.55m
  • Alejandro García-Bragado Dalmau (70yo)

    Proprietary Director

    • Tenure: 2.8yrs
    • Compensation: €118.00k
  • Marcelino Armenter Vidal (62yo)

    Proprietary Director

    • Tenure: 0.5yrs
  • Tomás Muniesa Arantegui (67yo)

    Executive Deputy Chairman

    • Tenure: 1.5yrs
    • Compensation: €1.21m
  • John Reed (80yo)

    Independent Director

    • Tenure: 7.9yrs
    • Compensation: €123.00k
  • Jordi Gual Solé (62yo)

    Chairman

    • Tenure: 3.3yrs
    • Compensation: €1.50m
  • Maria Amparo Moraleda Martinez (55yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: €183.00k
  • Francesc Xavier Vives Torrents (64yo)

    Lead Independent Director

    • Tenure: 2.3yrs
    • Compensation: €178.00k
  • Koro Usarraga Unsain (62yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: €186.00k
  • Eduardo Javier Sanchiz Irazu (63yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: €182.00k

Company Information

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


Key Information

  • Name: CaixaBank, S.A.
  • Ticker: CAIX.Y
  • Exchange: OTCPK
  • Founded: 1904
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €15.860b
  • Listing Market Cap: €17.670b
  • Shares outstanding: 5.98b
  • Website: https://www.caixabank.com

Number of Employees


Location

  • CaixaBank, S.A.
  • 2-4, Calle Pintor Sorolla
  • Valencia
  • 46002
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CABKBME (Bolsas y Mercados Espanoles)YesOrdinary Registered SharesESEUROct 2007
CIXP.FOTCPK (Pink Sheets LLC)YesOrdinary Registered SharesUSUSDOct 2007
0ILKLSE (London Stock Exchange)YesOrdinary Registered SharesGBEUROct 2007
CABKWBAG (Wiener Boerse AG)YesOrdinary Registered SharesATEUROct 2007
CABKeBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Registered SharesGBEUROct 2007
48CADB (Deutsche Boerse AG)YesOrdinary Registered SharesDEEUROct 2007
CABK NBMV (Bolsa Mexicana de Valores)YesOrdinary Registered SharesMXMXNOct 2007
CAIX.YOTCPK (Pink Sheets LLC)ADRUSUSDDec 2011
A19JPDDB (Deutsche Boerse AG)6.75%-FRN T1 PERP EUR200000 'REGS'DEEURJun 2017
A19JPDDB (Deutsche Boerse AG)6.75%-FRN T1 PERP EUR200000 'REGS'DEEURJun 2017

Biography

CaixaBank, S.A., together with its subsidiaries, provides banking and financial products and services in Spain and internationally. The company operates through Banking and Insurance, and Non-Core Real Est ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:17
End of Day Share Price2019/10/21 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.