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 54,475 114,157 135,900 - -
Change - -4.24% 43.47% 13.54% 109.56% 19.05% - -
Enterprise Value (EV) 34,922 33,440 47,978 54,475 114,157 135,900 135,900 135,900
Change - -4.24% 43.47% 13.54% 109.56% 19.05% 0% 0%
P/E 7.84x 5.69x 6.38x 5.63x 11.4x 12x 10.8x 9.77x
PBR 0.77x 0.7x 0.93x 0.98x 1.97x 2.3x 2.14x 1.98x
PEG - 0.1x 0.2x 0.2x 2.39x 0.7x 1x 0.9x
Capitalization / Revenue 1.66x 1.34x 1.62x 1.54x 3.09x 3.19x 3x 2.86x
EV / Revenue 0x 0x 0x 0x 0x 3.19x 3x 2.86x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.17x 4.78x 4.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.31 0.43 0.55 0.7 0.73 1.042 1.142 1.259
Rate of return 5.9% 7.63% 6.69% 7.41% 3.64% 4.23% 4.63% 5.1%
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% 49.9% 49.8%
Net sales 1 21,066 24,890 29,542 35,481 36,931 42,553 45,227 47,454
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 24.66 24.66 24.66
Nbr of stocks (in thousands) 6,651,887 5,935,449 5,832,455 5,763,285 5,693,635 5,510,965 - -
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.($)
13.85x - - 1.8% 929B
6.2x - - 4.99% 408B
12.38x - - 2.07% 404B
12.37x - - 4.22% 347B
6.16x - - 5% 328B
6.68x - - 4.74% 297B
17.53x - - 2.4% 281B
14.47x - - 2.72% 260B
11.78x - - 2.21% 260B
Average 11.27x 3.35% 390.34B
Weighted average by Cap. 11.51x 3.13%

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

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