Company Valuation: BBVA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 34,922 33,440 47,978 54,475 114,157 138,773 - -
Change - -4.24% 43.47% 13.54% 109.56% 21.56% - -
Enterprise Value (EV) 34,922 33,440 47,978 54,475 114,157 138,773 138,773 138,773
Change - -4.24% 43.47% 13.54% 109.56% 21.56% 0% 0%
P/E 7.84x 5.69x 6.38x 5.63x 11.4x 12.2x 11x 9.98x
PBR 0.77x 0.7x 0.93x 0.98x 1.97x 2.35x 2.18x 2.03x
PEG - 0.1x 0.2x 0.2x 2.39x 0.7x 1x 1x
Capitalization / Revenue 1.66x 1.34x 1.62x 1.54x 3.09x 3.26x 3.06x 2.92x
EV / Revenue 0x 0x 0x 0x 0x 3.26x 3.06x 2.92x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.28x 4.88x 4.59x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.31 0.43 0.55 0.7 0.73 1.043 1.144 1.26
Rate of return 5.9% 7.63% 6.69% 7.41% 3.64% 4.14% 4.54% 5%
EPS 2 0.67 0.99 1.29 1.68 1.76 2.058 2.287 2.525
Distribution rate 46.3% 43.4% 42.6% 41.7% 41.5% 50.7% 50% 49.9%
Net sales 1 21,066 24,890 29,542 35,481 36,931 42,595 45,305 47,480
EBITDA - - - - - - - -
EBIT 1 11,536 14,130 17,233 21,288 22,599 26,279 28,453 30,207
Net income 1 4,653 6,420 8,019 10,054 10,114 11,712 12,516 13,427
Net Debt - - - - - - - -
Reference price 2 5.25 5.63 8.23 9.45 20.05 25.20 25.20 25.20
Nbr of stocks (in thousands) 6,651,887 5,935,449 5,832,455 5,763,285 5,693,635 5,506,864 - -
Announcement Date 2/3/22 A 2/1/23 A 1/30/24 A 1/30/25 A 2/5/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.56x - - 1.86% 912B
6.23x - - 4.98% 410B
12.22x - - 2.1% 396B
12.24x - - 4.26% 343B
6.14x - - 5.03% 327B
6.78x - - 4.69% 299B
17.6x - - 2.39% 280B
14.81x - - 2.66% 266B
11.34x - - 2.3% 251B
Average 11.21x 3.36% 387B
Weighted average by Cap. 11.40x 3.17%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield