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 54,475 114,157 130,500 - -
Change - -4.24% 43.47% 13.54% 109.56% 14.32% - -
Enterprise Value (EV) 34,922 33,440 47,978 54,475 114,157 130,500 130,500 130,500
Change - -4.24% 43.47% 13.54% 109.56% 14.32% 0% 0%
P/E 7.84x 5.69x 6.38x 5.63x 11.4x 11.5x 10.3x 9.3x
PBR 0.77x 0.7x 0.93x 0.98x 1.97x 2.19x 2.03x 1.88x
PEG - 0.1x 0.2x 0.2x 2.39x 0.7x 0.9x 0.9x
Capitalization / Revenue 1.66x 1.34x 1.62x 1.54x 3.09x 3.06x 2.88x 2.74x
EV / Revenue 0x 0x 0x 0x 0x 3.06x 2.88x 2.74x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 4.96x 4.58x 4.32x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.31 0.43 0.55 0.7 0.73 1.044 1.166 1.275
Rate of return 5.9% 7.63% 6.69% 7.41% 3.64% 4.4% 4.91% 5.37%
EPS 2 0.67 0.99 1.29 1.68 1.76 2.067 2.302 2.552
Distribution rate 46.3% 43.4% 42.6% 41.7% 41.5% 50.5% 50.6% 50%
Net sales 1 21,066 24,890 29,542 35,481 36,931 42,636 45,352 47,615
EBITDA - - - - - - - -
EBIT 1 11,536 14,130 17,233 21,288 22,599 26,298 28,479 30,204
Net income 1 4,653 6,420 8,019 10,054 10,114 11,757 12,570 13,578
Net Debt - - - - - - - -
Reference price 2 5.25 5.63 8.23 9.45 20.05 23.73 23.73 23.73
Nbr of stocks (in thousands) 6,651,887 5,935,449 5,832,455 5,763,285 5,693,635 5,499,383 - -
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.($)
13.12x - - 1.91% 884B
6.17x - - 5.03% 415B
11.69x - - 2.22% 376B
6.58x - - 4.81% 357B
6.14x - - 5.02% 328B
11.67x - - 4.46% 327B
6.7x - - 4.75% 303B
17.18x - - 2.45% 271B
13.93x - - 2.82% 253B
Average 10.35x 3.72% 390.29B
Weighted average by Cap. 10.51x 3.49%

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