BANCO BILBAO VIZCAYA-SP ADR (BBVA) Stock Fundamental Analysis
NYSE:BBVA - US05946K1016 - ADR
18.89 USD
+0.27 (+1.45%)
18.91 USD
+0.02 (+0.11%)
Taking everything into account, BBVA scores 3 out of 10 in our fundamental rating. BBVA was compared to 391 industry peers in the Banks industry. While BBVA is still in line with the averages on profitability rating, there are concerns on its financial health. BBVA has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BBVA had positive earnings in the past year.
BBVA had a positive operating cash flow in the past year.
BBVA had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: BBVA reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of BBVA (1.30%) is better than 84.14% of its industry peers.
With an excellent Return On Equity value of 17.79%, BBVA belongs to the best of the industry, outperforming 97.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.3% | ||
| ROE | 17.79% | ||
| ROIC | N/A |
ROA(3y)1.03%
ROA(5y)0.78%
ROE(3y)15.03%
ROE(5y)11.56%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of BBVA (21.66%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of BBVA has grown nicely.
The Operating Margin and Gross Margin are not available for BBVA so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 21.66% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.49%
PM growth 5Y10.24%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BBVA does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BBVA has less shares outstanding
BBVA has less shares outstanding than it did 5 years ago.
BBVA has a better debt/assets ratio than last year.
2.2 Solvency
BBVA has a debt to FCF ratio of 114.57. This is a negative value and a sign of low solvency as BBVA would need 114.57 years to pay back of all of its debts.
BBVA's Debt to FCF ratio of 114.57 is on the low side compared to the rest of the industry. BBVA is outperformed by 84.14% of its industry peers.
A Debt/Equity ratio of 1.80 is on the high side and indicates that BBVA has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.80, BBVA is doing worse than 88.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 114.57 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.76%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
BBVA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.00%, which is quite good.
Measured over the past years, BBVA shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.83% on average per year.
The Revenue has been growing slightly by 6.30% in the past year.
BBVA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.07% yearly.
EPS 1Y (TTM)18%
EPS 3Y33.16%
EPS 5Y20.83%
EPS Q2Q%-2.13%
Revenue 1Y (TTM)6.3%
Revenue growth 3Y19.7%
Revenue growth 5Y11.07%
Sales Q2Q%-5.6%
3.2 Future
BBVA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.28% yearly.
Based on estimates for the next years, BBVA will show a small growth in Revenue. The Revenue will grow by 1.59% on average per year.
EPS Next Y4.51%
EPS Next 2Y4.21%
EPS Next 3Y5.91%
EPS Next 5Y3.28%
Revenue Next Year3.82%
Revenue Next 2Y3.32%
Revenue Next 3Y3.36%
Revenue Next 5Y1.59%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.08 indicates a reasonable valuation of BBVA.
Compared to the rest of the industry, the Price/Earnings ratio of BBVA indicates a rather cheap valuation: BBVA is cheaper than 90.03% of the companies listed in the same industry.
BBVA is valuated cheaply when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.70, which indicates a very decent valuation of BBVA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BBVA indicates a somewhat cheap valuation: BBVA is cheaper than 77.49% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BBVA to the average of the S&P500 Index (22.54), we can say BBVA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.08 | ||
| Fwd PE | 8.7 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, BBVA is valued expensively inside the industry as 81.59% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 103.69 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BBVA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.01
PEG (5Y)0.44
EPS Next 2Y4.21%
EPS Next 3Y5.91%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.10%, BBVA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.56, BBVA has a dividend in line with its industry peers.
BBVA's Dividend Yield is a higher than the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
5.2 History
The dividend of BBVA is nicely growing with an annual growth rate of 15.86%!
BBVA has paid a dividend for at least 10 years, which is a reliable track record.
BBVA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)15.86%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
BBVA pays out 39.82% of its income as dividend. This is a sustainable payout ratio.
The dividend of BBVA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP39.82%
EPS Next 2Y4.21%
EPS Next 3Y5.91%
18.89
+0.27 (+1.45%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners37.06%
Inst Owner Change6.84%
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap108.74B
Analysts76.67
Price Target18.78 (-0.58%)
Short Float %0.02%
Short Ratio0.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
Yearly Dividend0.79
Dividend Growth(5Y)15.86%
DP39.82%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.59%
Min EPS beat(2)10.11%
Max EPS beat(2)11.08%
EPS beat(4)4
Avg EPS beat(4)9.71%
Min EPS beat(4)5.97%
Max EPS beat(4)11.69%
EPS beat(8)6
Avg EPS beat(8)6.36%
EPS beat(12)10
Avg EPS beat(12)9.82%
EPS beat(16)14
Avg EPS beat(16)20.79%
Revenue beat(2)1
Avg Revenue beat(2)-0.39%
Min Revenue beat(2)-3.17%
Max Revenue beat(2)2.39%
Revenue beat(4)2
Avg Revenue beat(4)1.6%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)8.01%
Revenue beat(8)6
Avg Revenue beat(8)2.54%
Revenue beat(12)9
Avg Revenue beat(12)8.39%
Revenue beat(16)13
Avg Revenue beat(16)14.66%
PT rev (1m)6.8%
PT rev (3m)23.15%
EPS NQ rev (1m)3.2%
EPS NQ rev (3m)8.81%
EPS NY rev (1m)6.21%
EPS NY rev (3m)6.21%
Revenue NQ rev (1m)2.96%
Revenue NQ rev (3m)2.72%
Revenue NY rev (1m)0.46%
Revenue NY rev (3m)0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.08 | ||
| Fwd PE | 8.7 | ||
| P/S | 1.98 | ||
| P/FCF | 103.69 | ||
| P/OCF | 34.28 | ||
| P/B | 1.63 | ||
| P/tB | 1.71 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.08
EY11.01%
EPS(NY)2.17
Fwd EY11.49%
FCF(TTM)0.18
FCFY0.96%
OCF(TTM)0.55
OCFY2.92%
SpS9.52
BVpS11.59
TBVpS11.07
PEG (NY)2.01
PEG (5Y)0.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.3% | ||
| ROE | 17.79% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 21.66% | ||
| GM | N/A | ||
| FCFM | 1.91% |
ROA(3y)1.03%
ROA(5y)0.78%
ROE(3y)15.03%
ROE(5y)11.56%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.49%
PM growth 5Y10.24%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 114.57 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 118.71% | ||
| Cap/Sales | 3.88% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 8.84% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC5.76%
ROIC/WACCN/A
Cap/Depr(3y)148.24%
Cap/Depr(5y)121.71%
Cap/Sales(3y)5.48%
Cap/Sales(5y)4.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18%
EPS 3Y33.16%
EPS 5Y20.83%
EPS Q2Q%-2.13%
EPS Next Y4.51%
EPS Next 2Y4.21%
EPS Next 3Y5.91%
EPS Next 5Y3.28%
Revenue 1Y (TTM)6.3%
Revenue growth 3Y19.7%
Revenue growth 5Y11.07%
Sales Q2Q%-5.6%
Revenue Next Year3.82%
Revenue Next 2Y3.32%
Revenue Next 3Y3.36%
Revenue Next 5Y1.59%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y115.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y163.34%
OCF growth 3YN/A
OCF growth 5YN/A