Professional
Added to YB: 2024-11-11
Pitch date: 2024-10-31
BBVA [bullish]
Banco Bilbao Vizcaya Argentaria, S.A.
+134.94%
current return
Author Info
No bio for this author
Company Info
Banco Bilbao Vizcaya Argentaria, S.A. provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.
Market Cap
EUR 105.8B
Pitch Price
EUR 9.63
Price Target
12.30 (-46%)
Dividend
3.81%
EV/EBITDA
N/A
P/E
10.58
EV/Sales
N/A
Sector
Banks
Category
value
Banco Bilbao Vizcaya Argentaria, S.A.: Strong Performance Yet to Be Reflected in Undervalued Shares
BBVA: Strong Q3 in Spain & Mexico (90% of income). FVE €11.50. Efficient funding with 50%+ low-cost deposits. Beat 2024 targets early. Sabadell acquisition approved. 40-50% payout. Moat from Mexican ops (50% earnings, 22% ROE). Spain & Turkey contribute 25% & 15%. Midcycle 15% ROTCE, 3.3% NIM, 1.3% LLP, 45% C/I. Medium uncertainty. Exemplary capital allocation.
Read full article (10 min)