OTCPK:CIXP.F

Stock Analysis Report

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Market Cap

US$24.7b

Last Updated

2021/06/20 23:41 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Good value with proven track record.


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

Stable Share Price: Insufficient data to determine CIXP.F's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine CIXP.F's volatility change over the past year.


Market Performance


7 Day Return

-0.003%

CIXP.F

-7.6%

US Banks

-1.9%

US Market


1 Year Return

54.1%

CIXP.F

50.6%

US Banks

38.2%

US Market

Return vs Industry: CIXP.F exceeded the US Banks industry which returned 50.6% over the past year.

Return vs Market: CIXP.F exceeded the US Market which returned 38.2% over the past year.


Shareholder returns

CIXP.FIndustryMarket
7 Day-0.003%-7.6%-1.9%
30 Day-4.1%-9.2%1.0%
90 Day16.2%-1.4%3.8%
1 Year54.1%54.1%55.0%50.6%40.4%38.2%
3 Year-33.9%-33.9%21.2%10.8%57.5%47.8%
5 Year34.7%34.7%106.1%80.0%127.2%101.7%

Long-Term 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?

20.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CIXP.F ($3.3) is trading below our estimate of fair value ($4.16)

Significantly Below Fair Value: CIXP.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CIXP.F is poor value based on its PE Ratio (12.5x) compared to the US Banks industry average (11.6x).

PE vs Market: CIXP.F is good value based on its PE Ratio (12.5x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CIXP.F is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (1.1x).


Future Growth

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

-22.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIXP.F's earnings are forecast to decline over the next 3 years (-22.2% per year).

Earnings vs Market: CIXP.F's earnings are forecast to decline over the next 3 years (-22.2% per year).

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

Revenue vs Market: CIXP.F's revenue (6.3% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: CIXP.F's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CIXP.F's Return on Equity is forecast to be low in 3 years time (7.5%).


Past Performance

How has CaixaBank performed over the past 5 years?

19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CIXP.F has a large one-off gain of €2.7B impacting its March 31 2021 financial results.

Growing Profit Margin: CIXP.F's current net profit margins (72.4%) are higher than last year (14.9%).


Past Earnings Growth Analysis

Earnings Trend: CIXP.F's earnings have grown by 19% per year over the past 5 years.

Accelerating Growth: CIXP.F's earnings growth over the past year (425.6%) exceeds its 5-year average (19% per year).

Earnings vs Industry: CIXP.F earnings growth over the past year (425.6%) exceeded the Banks industry 20.7%.


Return on Equity

High ROE: CIXP.F's Return on Equity (17.1%) is considered low.


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


Financial Institutions Analysis

Asset Level: CIXP.F's Assets to Equity ratio (18.7x) is moderate.

Allowance for Bad Loans: CIXP.F has a low allowance for bad loans (70%).

Low Risk Liabilities: 76% of CIXP.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: CIXP.F has an appropriate level of Loans to Assets ratio (53%).

Low Risk Deposits: CIXP.F's Loans to Deposits ratio (74%) is appropriate.

Level of Bad Loans: CIXP.F has a high level of bad loans (3.6%).


Dividend

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

1.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CIXP.F's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: CIXP.F's dividend (1.03%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.9%), CIXP.F's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CIXP.F's dividends in 3 years are forecast to be well covered by earnings (48% payout ratio).


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Gonzalo María Gortazar Rotaeche (55 yo)

7yrs

Tenure

€2,836,000

Compensation

Mr. Gonzalo Gortazar 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 María's total compensation ($USD3.36M) is below average for companies of similar size in the US market ($USD11.31M).

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


Leadership Team

Experienced Management: CIXP.F's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: CIXP.F's board of directors are considered experienced (3.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: CaixaBank, S.A.
  • Ticker: CIXP.F
  • Exchange: OTCPK
  • Founded: 1904
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €20.875b
  • Listing Market Cap: €24.748b
  • Shares outstanding: 8.06b
  • Website: https://www.caixabank.com

Number of Employees


Location

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

Listings


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, Investments, and BPI ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/20 23:41
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.