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BANCO COMERCIAL PORTUGUES-R (BCP.LS) Stock Fundamental Analysis

ELI:BCP - Euronext Lisbon - PTBCP0AM0015 - Common Stock - Currency: EUR

0.577  -0.01 (-1.1%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BCP. BCP was compared to 95 industry peers in the Banks industry. Both the profitability and financial health of BCP have multiple concerns. BCP has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

BCP had positive earnings in the past year.
BCP had a positive operating cash flow in the past year.
BCP had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: BCP reported negative operating cash flow in multiple years.
BCP.LS Yearly Net Income VS EBIT VS OCF VS FCFBCP.LS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

1.2 Ratios

Looking at the Return On Assets, with a value of 0.92%, BCP is in line with its industry, outperforming 60.00% of the companies in the same industry.
With a decent Return On Equity value of 13.20%, BCP is doing good in the industry, outperforming 69.47% of the companies in the same industry.
Industry RankSector Rank
ROA 0.92%
ROE 13.2%
ROIC N/A
ROA(3y)0.68%
ROA(5y)0.48%
ROE(3y)10.13%
ROE(5y)7.12%
ROIC(3y)N/A
ROIC(5y)N/A
BCP.LS Yearly ROA, ROE, ROICBCP.LS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

BCP's Profit Margin of 23.02% is fine compared to the rest of the industry. BCP outperforms 62.11% of its industry peers.
In the last couple of years the Profit Margin of BCP has grown nicely.
BCP does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 23.02%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y67.86%
PM growth 5Y16.83%
GM growth 3YN/A
GM growth 5YN/A
BCP.LS Yearly Profit, Operating, Gross MarginsBCP.LS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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3

2. Health

2.1 Basic Checks

BCP does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BCP remains at a similar level compared to 1 year ago.
BCP has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for BCP is higher compared to a year ago.
BCP.LS Yearly Shares OutstandingBCP.LS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B
BCP.LS Yearly Total Debt VS Total AssetsBCP.LS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

2.2 Solvency

The Debt to FCF ratio of BCP is 0.90, which is an excellent value as it means it would take BCP, only 0.90 years of fcf income to pay off all of its debts.
BCP's Debt to FCF ratio of 0.90 is amongst the best of the industry. BCP outperforms 98.95% of its industry peers.
A Debt/Equity ratio of 0.70 indicates that BCP is somewhat dependend on debt financing.
BCP has a Debt to Equity ratio of 0.70. This is amongst the best in the industry. BCP outperforms 83.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 0.9
Altman-Z N/A
ROIC/WACCN/A
WACC6.81%
BCP.LS Yearly LT Debt VS Equity VS FCFBCP.LS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BCP.LS Yearly Current Assets VS Current LiabilitesBCP.LS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 53.70% over the past year.
Measured over the past years, BCP shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.57% on average per year.
Looking at the last year, BCP shows a decrease in Revenue. The Revenue has decreased by -4.10% in the last year.
The Revenue has been growing slightly by 6.64% on average over the past years.
EPS 1Y (TTM)53.7%
EPS 3Y137.13%
EPS 5Y22.57%
EPS Q2Q%-23.08%
Revenue 1Y (TTM)-4.1%
Revenue growth 3Y11.54%
Revenue growth 5Y6.64%
Sales Q2Q%-3.22%

3.2 Future

The Earnings Per Share is expected to decrease by -3.96% on average over the next years.
BCP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.23% yearly.
EPS Next Y-27.51%
EPS Next 2Y-7.56%
EPS Next 3Y-1.11%
EPS Next 5Y-3.96%
Revenue Next Year2.5%
Revenue Next 2Y3.2%
Revenue Next 3Y3.33%
Revenue Next 5Y2.23%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BCP.LS Yearly Revenue VS EstimatesBCP.LS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
BCP.LS Yearly EPS VS EstimatesBCP.LS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.05 -0.05

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 7.21, which indicates a rather cheap valuation of BCP.
Compared to the rest of the industry, the Price/Earnings ratio of BCP indicates a somewhat cheap valuation: BCP is cheaper than 74.74% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.18. BCP is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 9.59, which indicates a very decent valuation of BCP.
The rest of the industry has a similar Price/Forward Earnings ratio as BCP.
BCP is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.81, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.21
Fwd PE 9.59
BCP.LS Price Earnings VS Forward Price EarningsBCP.LS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, BCP is valued cheaply inside the industry as 94.74% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 1.61
EV/EBITDA N/A
BCP.LS Per share dataBCP.LS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.1 0.2 0.3 0.4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y-7.56%
EPS Next 3Y-1.11%

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2

5. Dividend

5.1 Amount

BCP has a Yearly Dividend Yield of 3.02%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 3.02, BCP pays less dividend than the industry average, which is at 5.30. 82.11% of the companies listed in the same industry pay a better dividend than BCP!
Compared to an average S&P500 Dividend Yield of 2.45, BCP pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.02%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
BCP.LS Yearly Dividends per shareBCP.LS Yearly Dividends per shareYearly Dividends per share 2019 2022 2024 0.01 0.01 0.02

5.3 Sustainability

DPN/A
EPS Next 2Y-7.56%
EPS Next 3Y-1.11%
BCP.LS Yearly Income VS Free CF VS DividendBCP.LS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

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BANCO COMERCIAL PORTUGUES-R

ELI:BCP (5/5/2025, 11:48:38 AM)

0.577

-0.01 (-1.1%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-27 2025-02-27/bmo
Earnings (Next)05-21 2025-05-21
Inst Owners17.6%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap8.72B
Analysts74.74
Price Target0.64 (10.92%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.02%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-40.59%
Min EPS beat(2)-80.2%
Max EPS beat(2)-0.99%
EPS beat(4)2
Avg EPS beat(4)112.87%
Min EPS beat(4)-80.2%
Max EPS beat(4)503.96%
EPS beat(8)3
Avg EPS beat(8)50.99%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.79%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)2.74%
Revenue beat(4)2
Avg Revenue beat(4)-0.26%
Min Revenue beat(4)-4.47%
Max Revenue beat(4)2.74%
Revenue beat(8)5
Avg Revenue beat(8)4.67%
Revenue beat(12)9
Avg Revenue beat(12)13.79%
Revenue beat(16)13
Avg Revenue beat(16)13.81%
PT rev (1m)1.37%
PT rev (3m)8.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.58%
EPS NY rev (3m)0.18%
Revenue NQ rev (1m)4.24%
Revenue NQ rev (3m)4.48%
Revenue NY rev (1m)0.3%
Revenue NY rev (3m)1.18%
Valuation
Industry RankSector Rank
PE 7.21
Fwd PE 9.59
P/S 2.18
P/FCF 1.61
P/OCF 1.57
P/B 1.25
P/tB 1.3
EV/EBITDA N/A
EPS(TTM)0.08
EY13.86%
EPS(NY)0.06
Fwd EY10.43%
FCF(TTM)0.36
FCFY62.01%
OCF(TTM)0.37
OCFY63.6%
SpS0.26
BVpS0.46
TBVpS0.44
PEG (NY)N/A
PEG (5Y)0.32
Profitability
Industry RankSector Rank
ROA 0.92%
ROE 13.2%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 23.02%
GM N/A
FCFM 135.38%
ROA(3y)0.68%
ROA(5y)0.48%
ROE(3y)10.13%
ROE(5y)7.12%
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 3Y67.86%
PM growth 5Y16.83%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 0.9
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 3.48%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 588.12%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC6.81%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)53.7%
EPS 3Y137.13%
EPS 5Y22.57%
EPS Q2Q%-23.08%
EPS Next Y-27.51%
EPS Next 2Y-7.56%
EPS Next 3Y-1.11%
EPS Next 5Y-3.96%
Revenue 1Y (TTM)-4.1%
Revenue growth 3Y11.54%
Revenue growth 5Y6.64%
Sales Q2Q%-3.22%
Revenue Next Year2.5%
Revenue Next 2Y3.2%
Revenue Next 3Y3.33%
Revenue Next 5Y2.23%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year5.37%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y52.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y51.23%
OCF growth 3YN/A
OCF growth 5YN/A