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 54,475 114,157 138,195 - -
Change - -4.24% 43.47% 13.54% 109.56% 21.06% - -
Enterprise Value (EV) 34,922 33,440 47,978 54,475 114,157 138,195 138,195 138,195
Change - -4.24% 43.47% 13.54% 109.56% 21.06% 0% 0%
P/E 7.84x 5.69x 6.38x 5.63x 11.4x 12.2x 11x 9.94x
PBR 0.77x 0.7x 0.93x 0.98x 1.97x 2.31x 2.18x 2.02x
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 3.25x 3.08x 2.94x
EV / Revenue 0x 0x 0x 0x 0x 3.25x 3.08x 2.94x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.26x 4.91x 4.61x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.31 0.43 0.55 0.7 0.73 1.045 1.134 1.248
Rate of return 5.9% 7.63% 6.69% 7.41% 3.64% 4.17% 4.53% 4.98%
EPS 2 0.67 0.99 1.29 1.68 1.76 2.057 2.283 2.519
Distribution rate 46.3% 43.4% 42.6% 41.7% 41.5% 50.8% 49.7% 49.6%
Net sales 1 21,066 24,890 29,542 35,481 36,931 42,515 44,858 47,068
EBITDA - - - - - - - -
EBIT 1 11,536 14,130 17,233 21,288 22,599 26,275 28,173 29,962
Net income 1 4,653 6,420 8,019 10,054 10,114 11,665 12,487 13,364
Net Debt - - - - - - - -
Reference price 2 5.25 5.63 8.23 9.45 20.05 25.04 25.04 25.04
Nbr of stocks (in thousands) 6,651,887 5,935,449 5,832,455 5,763,285 5,693,635 5,518,961 - -
Announcement Date 2/3/22 2/1/23 1/30/24 1/30/25 2/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.15x - - 1.76% 951B
13.32x - - 1.91% 436B
6.28x - - 5.01% 397B
12.67x - - 4.12% 355B
5.98x - - 5.17% 314B
17.7x - - 2.39% 283B
6.28x - - 5.11% 279B
11.87x - - 2.2% 262B
14.73x - - 2.69% 257B
Average 11.44x 3.38% 392.74B
Weighted average by Cap. 11.82x 3.1%

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